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Equipment held for lease (Tables)
3 Months Ended
Mar. 31, 2023
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).

 

 

March 31,
2023

 

 

December 31,
2022

 

Railcars

$

9,662

 

 

$

9,612

 

Aircraft

 

10,928

 

 

 

10,667

 

Other

 

5,268

 

 

 

5,212

 

 

25,858

 

 

 

25,491

 

Accumulated depreciation

 

(10,184

)

 

 

(9,907

)

$

15,674

 

 

$

15,584

 

Summary of fixed and variable operating lease revenues Fixed and variable operating lease revenues for the first quarter of 2023 and 2022 are summarized below (in millions).

 

 

 

 

First Quarter

 

 

 

 

 

 

2023

 

 

2022

 

Fixed lease revenue

 

 

 

 

$

1,417

 

 

$

1,188

 

Variable lease revenue

 

 

 

 

 

627

 

 

 

484

 

 

 

 

 

 

$

2,044

 

 

$

1,672