Equipment held for lease (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024			December 31, 2023
Railcars	$	10,073		$	10,031
Aircraft		12,939			12,537
Other		5,612			5,576
		28,624			28,144
Accumulated depreciation		(11,470	)		(11,197	)
	$	17,154		$	16,947

Summary of fixed and variable operating lease revenues

Fixed and variable operating lease revenues for the first quarter of 2024 and 2023 are summarized below (in millions).

	First Quarter
	2024		2023
Fixed lease revenue	$	1,552	$	1,417
Variable lease revenue		670		627
	$	2,222	$	2,044