Leases (Tables)

3 Months Ended

Mar. 31, 2023

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)	March 31, 2023			December 31, 2022
Operating leases
ROU assets, net of amortization	$	174		$	173
Lease liabilities	199			198
Finance leases
ROU assets, net of amortization	3			4
Lease liabilities	4			4
Weighted average remaining lease term (years)
Operating leases	8.6			8.4
Finance leases	17.1			17.4
Weighted average discount rate
Operating leases	3.0		%	2.9		%
Finance leases	3.1		%	3.1		%

Lease Expense

Additional information related to lease expense is presented in the following schedule.

	Three Months Ended March 31,
(In millions)	2023		2022
Lease expense:
Operating lease expense	$	11	$	12
Other expenses associated with operating leases 1	15		12
Total lease expense	$	26	$	24
Related cash disbursements from operating leases	$	12	$	12

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

Lease Maturity Analysis

The following schedule presents the total contractual undiscounted lease payments for operating lease liabilities by expected due date for each of the next five years.

(In millions)	Total undiscounted lease payments
2023 1	$	35
2024	39
2025	31
2026	26
2027	17
Thereafter	85
Total	$	233

1 Contractual maturities for the nine months remaining in 2023.