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Equipment held for lease (Tables)
9 Months Ended
Sep. 30, 2019
Property Plant And Equipment [Abstract]  
Schedule of equipment held for lease

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

 

 

 

September 30,

2019

 

 

December 31,

2018

 

Railcars

 

$

9,211

 

 

$

8,862

 

Aircraft

 

 

7,907

 

 

 

7,376

 

Other equipment held for lease

 

 

4,802

 

 

 

4,379

 

 

 

 

21,920

 

 

 

20,617

 

Accumulated depreciation

 

 

(6,986

)

 

 

(6,319

)

 

 

$

14,934

 

 

$

14,298

 

Summary of operating lease revenues by type Operating lease revenues by type for the third quarter and first nine months of 2019 were as follows (in millions).

 

 

 

Fixed lease

revenue

 

 

Variable lease

revenue

 

 

Total

 

Third quarter

 

$

1,097

 

 

$

341

 

 

$

1,438

 

First nine months

 

 

3,289

 

 

 

1,076

 

 

 

4,365

 

 

Summary of future operating lease rentals to be received

Future operating lease rentals to be received on assets we lease to others at September 30, 2019 are as follows (in millions).

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

2023

 

 

Thereafter

 

 

Total

 

$

674

 

 

$

2,245

 

 

$

1,659

 

 

$

1,134

 

 

$

726

 

 

$

590

 

 

$

7,028