v3.25.4
Equipment held for lease (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Summary of equipment held for lease

Equipment held for lease includes railcars, aircraft, and other equipment, including over-the-road trailers, intermodal tank containers, cranes, storage units and furniture. Equipment held for lease is summarized below (in millions).

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Railcars

 

$

10,355

 

 

$

10,137

 

Aircraft

 

 

15,877

 

 

 

14,201

 

Other

 

 

5,660

 

 

 

5,686

 

 

 

31,892

 

 

 

30,024

 

Accumulated depreciation

 

 

(13,357

)

 

 

(12,196

)

 

 

$

18,535

 

 

$

17,828

 

Summary of fixed and variable operating lease revenues Fixed and variable operating lease revenues for each of the three years ending December 31, 2025 are summarized below (in millions).

 

 

 

2025

 

 

2024

 

 

2023

 

Fixed

 

$

6,911

 

 

$

6,456

 

 

$

5,902

 

Variable

 

 

3,123

 

 

 

2,771

 

 

 

2,514

 

 

 

$

10,034

 

 

$

9,227

 

 

$

8,416

 

Summary of remaining operating lease receipts

A summary of future operating lease receipts as of December 31, 2025 follows (in millions).

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

 

Thereafter

 

 

Total

 

$

4,703

 

 

$

3,713

 

 

$

2,802

 

 

$

1,816

 

 

$

904

 

 

$

230

 

 

$

14,168