Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lease Assets and Liabilities

The following table details the amounts and locations of lease assets and liabilities on the consolidated balance sheets:

December 31,		2023		2022
Lease assets:	Balance Sheet Classification
Operating lease ROU assets	Other assets	$	630	$	894
Finance lease ROU assets	Equipment, office facilities, and property — net	84		66
Lease liabilities:
Operating lease liabilities	Accrued expenses and other liabilities	$	892	$	994
Finance lease liabilities	Long-term debt	85		68

Lease Cost and Lease Term and Discount Rate

The components of lease expense are as follows:

Year Ended December 31,	2023		2022		2021
Lease Cost
Operating lease cost (1)	$	260	$	242	$	220
Variable lease cost (2)	48		50		48

(1) Includes short-term lease cost, which is immaterial.

(2) Includes payments that are entirely variable and amounts that represent the difference between payments based on an index or rate that is reflected in the lease liability and amounts actually incurred.

The following tables present supplemental operating lease information:

December 31,	2023		2022
Lease Term and Discount Rate
Weighted-average remaining lease term (years)	5.60		5.94
Weighted-average discount rate	3.64	%	3.00	%

Maturity of Lease Liabilities

Maturity of Lease Liabilities	Operating Leases
2024	$	231
2025	230
2026	142
2027	109
2028	74
Thereafter	200
Total lease payments (1)	986
Less: Interest	94
Present value of lease liabilities	$	892

(1) Lease payments exclude $17 million of legally binding minimum lease payments for leases signed, but not yet commenced. These leases will commence between 2024 and 2025 with lease terms of 7 to 15 years.