Premises, Equipment and Leasehold Improvements

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Premises, Equipment and Leasehold Improvement

PREMISES, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

Premises, equipment and leasehold improvements, stated at cost less accumulated depreciation and amortization, were as follows:

Table 65: Premises, Equipment and Leasehold Improvements



In millions	December 31 2017			December 31 2016
Premises, equipment and leasehold improvements	$	10,939		$	10,410
Accumulated depreciation and amortization	(5,503		)	(4,888		)
Net book value	$	5,436		$	5,522

The following table includes depreciation expense on premises, equipment and leasehold improvements, as well as amortization expense, excluding intangible assets, primarily for capitalized internally developed software.

Table 66: Depreciation and Amortization Expense



Year ended December 31 In millions	2017		2016		2015
Depreciation	$	743	$	683	$	643
Amortization	56		46		40
Total depreciation and amortization	$	799	$	729	$	683

We lease certain facilities and equipment under agreements expiring at various dates through the year 2081. We account for these as operating leases. Rental expense on such leases was as follows:

Table 67: Lease Rental Expense



Year ended December 31 In millions	2017		2016		2015
Lease rental expense	$	431	$	442	$	460

Required minimum annual rentals that we owe on noncancelable leases having initial or remaining terms in excess of one year totaled $2.6 billion at December 31, 2017.

Future minimum annual rentals are as follows:

Table 68: Minimum Annual Lease Rentals



In millions
2018	$	382
2019	$	343
2020	$	302
2021	$	260
2022	$	217
2023 and thereafter	$	1,051