Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Line Items]

Premises and equipment at December 31 consisted of the following:



(Dollars in millions)	Useful Life (in years)	2015		2014
Land	Indefinite		$330		$334
Buildings and improvements	1 - 40	1,073		1,051
Leasehold improvements	1 - 30	636		628
Furniture and equipment	1 - 20	1,463		1,426
Construction in progress		249		201
Total premises and equipment		3,751		3,640
Less: Accumulated depreciation and amortization		2,249		2,132
Premises and equipment, net			$1,502		$1,508

Operating Leases of Lessee Disclosure [Table Text Block]

The Company has various obligations under capital leases and noncancelable operating leases for premises and equipment. The leases predominantly expire over the next 10 years, with the longest expiring in 2081. Many of these leases provide for periodic adjustment of rentals based on changes in various economic indicators, while others also include a renewal option.

The following table presents future minimum payments under noncancelable operating leases, net of sublease rentals, with initial terms in excess of one year at December 31, 2015. Capital leases were immaterial at December 31, 2015.



(Dollars in millions)	Operating Leases
2016		$207
2017	192
2018	122
2019	103
2020	81
Thereafter	307
Total minimum lease payments		$1,012

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details