LEASES (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Schedule of Lease Income - Operating

The components of revenue from leases were as follows:

	Three months ended March 31,
	2022		2021
	(In thousands)
Operating leases
Lease income related to ChoiceLease	$	381,545	$	389,611
Lease income related to commercial rental (1)	298,135		210,284
Sales-type leases
Interest income related to net investment in leases	$	10,728	$	14,415
Variable lease income excluding commercial rental (1)	$	74,220	$	71,993

————————————

(1)Lease income related to commercial rental includes both fixed and variable lease income. Variable lease income is approximately 15% to 25% of total commercial rental income.

Schedule of Lease Income - Sales Type

The components of net investment in sales-type leases, which are included in "Receivables, net" and "Sales-type leases and other assets" in the Condensed Consolidated Balance Sheets, were as follows:

	March 31, 2022		December 31, 2021
	(In thousands)
Net investment in the lease — lease payment receivable	$	576,109	$	583,008
Net investment in the lease — unguaranteed residual value in assets	45,855		46,740
	$	621,964	629,748
Estimated loss allowance	(2,506)		(3,705)
Total	$	619,458	$	626,043