Bank Premises and Equipment

12 Months Ended

Dec. 31, 2012

7. BANK PREMISES AND EQUIPMENT

The following is a summary of bank premises and equipment at December 31:

($ in millions)	Estimated Useful Life		2012	2011
Land and improvements		$	841	834
Buildings	5 to 50 yrs.		1,692	1,623
Equipment	2 to 20 yrs.		1,460	1,318
Leasehold improvements	3 to 40 yrs.		386	394
Construction in progress			141	140
Accumulated depreciation and amortization			(1,978)	(1,862)
Total		$	2,542	2,447

The following table provides the annual future minimum payments under capital leases and noncancelable operating leases at December 31, 2012:

($ in millions)		Operating Leases	Capital Leases
Year ended December 31,
2013	$	89	7
2014		85	7
2015		81	6
2016		74	3
2017		66	-
Thereafter		374	1
Total minimum lease payments	$	769	24
Less: Amounts representing interest		-	3
Present value of net minimum lease payments		-	21

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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