9. Leases: Accounting for Leases as a Lessor The following table presents amounts included in the Consolidated Income Statement related to lessor activity: | | | | | | | (Dollars in millions) | | | | | | | For the three months ended March 31: | | 2020 | | 2019 | Lease income — sales-type and direct financing leases | | | | | | | Sales-type lease selling price | | $ | 211 | | $ | 149 | Less: Carrying value of underlying assets, excluding unguaranteed residual value | | | 76 | | | 55 | Gross profit | | | 135 | | | 94 | Interest income on lease receivables | | | 74 | | | 79 | Total sales-type and direct financing lease income | | $ | 208 | | $ | 172 | Lease income — operating leases | | | 71 | | | 90 | Variable lease income | | | 30 | | | 18 | Total lease income | | $ | 310 | | $ | 280 |
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