Bank Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2015

Bank Premises and Equipment

Bank Premises and Equipment

The following table provides a summary of bank premises and equipment as of December 31:
($ in millions)	Estimated Useful Life		2015	2014
Land and improvements(a)		$	685	793
Buildings	2 - 30 yrs.		1,755	1,807
Equipment	2 - 30 yrs.		1,696	1,682
Leasehold improvements	5 - 30 yrs.		403	416
Construction in progress			85	98
Bank premises and equipment held for sale:
Land and improvements			55	23
Buildings			20	3
Equipment			3	-
Leasehold improvements			3	-
Accumulated depreciation and amortization			(2,466)	(2,357)
Total bank premises and equipment		$	2,239	2,465

• At December 31, 2015 and 2014, land and improvements included $102and $165, respectively, associated with parcels of undeveloped land intended for future branch expansion.

Assets and Liabilities Held For Sale

The following table summarizes the assets and liabilities classified as held for sale as a result of the Branch Consolidation and Sales Plan as of:
($ in millions)				December 31, 2015(d)
Assets:
	Loans held for sale:
		Commercial and industrial loans	$	20
		Commercial mortgage loans		22
		Residential mortgage loans		188
		Home equity		35
		Automobile loans		4
Total loans held for sale(a)			$	269
	Bank premises and equipment held for sale (included in the preceding table):
		Land and improvements(b)		25
		Buildings(b)		14
		Equipment(b)		3
		Leasehold improvements(b)		3
Total bank premises and equipment held for sale (included in the preceding table)			$	45
Total assets held for sale			$	314
Liabilities:
	Deposits held for sale:
		Noninterest-bearing deposits	$	117
		Interest-bearing deposits		511
Total deposits held for sale(c)			$	628
Total liabilities held for sale			$	628

• Included in loans held for sale in the Consolidated Balance Sheets.
• Included in bank premises and equipment in the Consolidated Balance Sheets.
• Included in noninterest-bearing deposits and interest-bearing deposits in the Consolidated Balance Sheets.
• Included in the Branch Banking, Consumer Lending and Investment Advisors business segments.

Annual Future Minimum Payments under Capital Leases and Noncancelable Operating Leases

The following table provides the annual future minimum payments under noncancelable operating leases and capital leases for the years ending December 31:
($ in millions)		Noncancelable Operating Leases	Capital Leases
2016	$	91	7
2017		84	6
2018		82	6
2019		74	5
2020		62	1
Thereafter		242	2
Total minimum lease payments	$	635	27
Less: Amounts representing interest		-	3
Present value of net minimum lease payments		-	24