Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Lease Related Assets and Liabilities

The following schedule presents ROU assets and lease liabilities with associated weighted average remaining life and discount rate:

(Dollar amounts in millions)	June 30, 2022			December 31, 2021
Operating leases
ROU assets, net of amortization	$	183		$	195
Lease liabilities	209			222
Financing leases
ROU assets, net of amortization	4			4
Lease liabilities	4			4
Weighted average remaining lease term (years)
Operating leases	8.5			8.5
Finance leases	17.8			18.3
Weighted average discount rate
Operating leases	2.8		%	2.8		%
Finance leases	3.1		%	3.1		%

Lease Expense

Additional information related to lease expense is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2022		2021		2022		2021
Lease expense:
Operating lease expense	$	12	$	12	$	24	$	24
Other expenses associated with operating leases 1	12		12		24		25
Total lease expense	$	24	$	24	$	48	$	49
Related cash disbursements from operating leases	$	12	$	12	$	25	$	25

1 Other expenses primarily relate to property taxes and building and property maintenance.

Lease Maturity Analysis

Total contractual undiscounted lease payments for operating lease liabilities are summarized in the following schedule by expected due date:

(In millions)	Total undiscounted lease payments
2022 1	$	24
2023	46
2024	37
2025	27
2026	22
Thereafter	86
Total	$	242

1 Contractual maturities for the six months remaining in 2022.