Premises and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

A summary of premises and equipment is presented in the accompanying table:

	Estimated Useful Life	December 31,
		2016			2015
	(Years)	(Dollars in millions)
Land and land improvements		$	611		$	596
Buildings and building improvements	40	1,628			1,503
Furniture and equipment	3 - 15	1,121			1,030
Leasehold improvements		791			721
Construction in progress		62			122
Capitalized leases on premises and equipment		66			67
Total		4,279			4,039
Accumulated depreciation and amortization		(2,172		)	(2,032		)
Net premises and equipment		$	2,107		$	2,007

The following table excludes assets related to the lease financing business.

	Year Ended December 31,
	2016		2015		2014
	(Dollars in millions)
Rent expense applicable to operating leases	$	278	$	245	$	227
Rental income from owned properties and subleases	8		7		7

	Year Ended December 31,
	2017		2018		2019		2020		2021		Thereafter
	(Dollars in millions)
Future minimum lease payments for operating leases	$	263	$	239	$	210	$	179	$	154	$	574