Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Classification of Right of Use Assets [Table Text Block]

The Company's right-of-use assets, lease liabilities, and associated balance sheet classifications are presented in the following table:

(Dollars in millions)	Classification	September 30, 2019
Assets:
Operating lease right-of-use assets	Other assets		$1,110
Finance lease right-of-use assets	Premises, property, and equipment, net	24
Total right-of-use assets			$1,134
Liabilities:
Operating leases	Other liabilities		$1,189
Finance leases	Long-term debt	26
Total lease liabilities			$1,215

Lease, Cost [Table Text Block]

The components of total lease cost and other supplemental lease information are presented in the following tables:

(Dollars in millions)	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019
Components of total lease cost:
Operating lease cost		$49			$152
Finance lease cost:
Amortization of right-of-use assets	1			3
Variable lease cost	10			27
Less: Sublease income	(1		)	(4		)
Total lease cost, net		$59			$178

Lease, Supplemental Information Disclosures [Table Text Block]

(Dollars in millions)	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Supplemental lease information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$47		$144
Operating cash flows from finance leases	1		1
Financing cash flows from finance leases	3		5
Lease liabilities arising from obtaining right-of-use assets (subsequent to adoption):
Operating leases	7		30
Finance leases	—		11

Lessee, Lease, Description [Table Text Block]

Weighted average remaining lease terms and discount rates are presented in the following table:

(Dollars in millions)	September 30, 2019
Weighted-average remaining lease term (in years):
Operating leases	8.0
Finance leases	7.0
Weighted-average discount rate (annual):
Operating leases	3.3	%
Finance leases	6.6

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table presents a maturity analysis of the Company's operating and finance lease liabilities at September 30, 2019:

(Dollars in millions)	Operating Leases			Finance Leases			Total
Year 1		$185			$5			$190
Year 2	194			5			199
Year 3	179			5			184
Year 4	158			5			163
Year 5	140			3			143
Thereafter	518			11			529
Total lease payments	1,374			34			1,408
Less: Imputed interest	(185		)	(8		)	(193		)
Present value of lease liabilities		$1,189			$26			$1,215

Lessor, Income [Table Text Block]

The components of total lease income are presented in the following table:

(Dollars in millions)	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Interest income from sales-type and direct financing leases		$37		$111
Lease income relating to operating leases	52		157
Lease income relating to variable lease payments not included in the measurement of the lease receivable	1		3
Total lease income		$90		$271

Lessor, Net investment in Lease [Table Text Block]

Components of the Company's net investment in sales-type and direct financing leases are presented in the following table:

(Dollars in millions)	September 30, 2019
Carrying amount of lease receivables		$3,657
Unguaranteed residual assets	149
Net investment in sales-type and direct financing lease assets 1		$3,806

Lessor, Lease Maturity [Table Text Block]

The following table presents a maturity analysis of the Company's sales-type and direct financing lease receivables at September 30, 2019:

(Dollars in millions)	Sales-Type and Direct Financing Leases
Year 1		$876
Year 2	746
Year 3	585
Year 4	411
Year 5	328
Thereafter	1,256
Total lease receivables	4,202
Less: Reconciling items 1	(545		)
Present value of lease receivables		$3,657

Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]

The following table presents a maturity analysis of the Company's operating lease payments to be received as of September 30, 2019:

(Dollars in millions)	Operating Leases
Year 1		$191
Year 2	155
Year 3	127
Year 4	95
Year 5	94
Thereafter	225
Total lease payments to be received		$887

Schedule of Property Subject to or Available for Operating Lease [Table Text Block]

Underlying lessor assets subject to operating leases at September 30, 2019 consisted of the following:

(Dollars in millions)	Useful life (in years)	September 30, 2019
Underlying lessor assets subject to operating leases: 1
Real estate 2	15 - 20		$116
Equipment	2 - 30	1,539
Total underlying lessor assets subject to operating leases		1,655
Less: Accumulated depreciation		(565		)
Underlying lessor assets subject to operating leases, net 3			$1,090