XML 55 R39.htm IDEA: XBRL DOCUMENT v3.21.2
Lease Obligations - Lessee (Tables)
 6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Lease Assets and Lease Liabilities
The following table provides a summary of lease assets and lease liabilities as of:
($ in millions)Condensed Consolidated Balance Sheets CaptionJune 30,
2021		December 31,
2020
Assets
Operating lease right-of-use assetsOther assets$425 423 
Finance lease right-of-use assetsBank premises and equipment144 129 
Total right-of-use assets(a)
$569 552 
Liabilities
Operating lease liabilitiesAccrued taxes, interest and expenses$523 527 
Finance lease liabilitiesLong-term debt146 130 
Total lease liabilities$669 657 
(a)    Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $169 and $38, respectively, as of June 30, 2021, and $152 and $29, respectively, as of December 31, 2020.
Components of Lease Costs, Weighted-Average Lease Term and Discount Rate
The following table presents the components of lease costs:
($ in millions)Condensed Consolidated Statements of Income CaptionFor the three months ended
June 30,		For the six months ended
June 30,
2021202020212020
Lease costs:
Amortization of ROU assetsNet occupancy and equipment expense$4 2 9 3 
Interest on lease liabilitiesInterest on long-term debt1 — 2 1 
Total finance lease costs$5 2 11 4 
Operating lease costNet occupancy expense$19 22 39 46 
Short-term lease costNet occupancy expense— — 1 1 
Variable lease costNet occupancy expense8 7 16 14 
Sublease incomeNet occupancy expense— — (1)(1)
Total operating lease costs$27 29 55 60 
Total lease costs$32 31 66 64 
The following table presents the weighted-average remaining lease term and weighted-average discount rate as of:
June 30,
2021		December 31,
2020
Weighted-average remaining lease term (years):
Operating leases9.099.06
Finance leases14.4212.93
Weighted-average discount rate:
Operating leases2.95 %3.05 
Finance leases2.58 2.39 

The following table presents information related to lease transactions for the six months ended June 30:
($ in millions)20212020
Cash paid for amounts included in the measurement of lease liabilities:(a)
Operating cash flows from operating leases$44 47 
Operating cash flows from finance leases2 1 
Financing cash flows from finance leases9 2 
Gains on sale-leaseback transactions2 — 
(a)    The cash flows related to the short-term and variable lease payments are not included in the amounts in the table as they were not included in the measurement of lease liabilities.
Undiscounted Cash Flows for Operating Leases
The following table presents undiscounted cash flows payable for both operating leases and finance leases for the remainder of 2021 through 2026 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities as follows:
As of June 30, 2021 ($ in millions)
Operating
Leases
Finance
Leases

Total
Remainder of 2021$44 9 53 
202283 20 103 
202376 18 94 
202468 18 86 
202560 12 72 
202651 6 57 
Thereafter220 100 320 
Total undiscounted cash flows$602 183 785 
Less: Difference between undiscounted cash flows and discounted cash flows79 37 116 
Present value of lease liabilities$523 146 669 
Undiscounted Cash Flows for Finance Leases
The following table presents undiscounted cash flows payable for both operating leases and finance leases for the remainder of 2021 through 2026 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities as follows:
As of June 30, 2021 ($ in millions)
Operating
Leases
Finance
Leases

Total
Remainder of 2021$44 9 53 
202283 20 103 
202376 18 94 
202468 18 86 
202560 12 72 
202651 6 57 
Thereafter220 100 320 
Total undiscounted cash flows$602 183 785 
Less: Difference between undiscounted cash flows and discounted cash flows79 37 116 
Present value of lease liabilities$523 146 669