Equipment held for lease (Tables)

9 Months Ended

Sep. 30, 2020

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. A summary of equipment held for lease follows (in millions).

	September 30, 2020			December 31, 2019
Railcars	$	9,396		$	9,260
Aircraft		8,061			8,093
Other		4,887			4,862
		22,344			22,215
Accumulated depreciation		(7,630	)		(7,150	)
	$	14,714		$	15,065

Summary of operating lease revenues by type

Operating lease revenues by type for the third quarter and first nine months of 2020 and 2019 were as follows (in millions).

	Third Quarter				First Nine Months
	2020		2019		2020		2019
Fixed lease revenue	$	1,047	$	1,097	$	3,205	$	3,289
Variable lease revenue		269		341		700		1,076
	$	1,316	$	1,438	$	3,905	$	4,365