Premises and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment

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

December 31, (Dollars in millions)	Estimated Useful Life
				2018			2017
Land and land improvements				$	567		$	583
Buildings and building improvements	40 years			1,804			1,660
Furniture and equipment	3	-	15	1,136			1,146
Leasehold improvements				719			733
Construction in progress				21			52
Capitalized leases on premises and equipment				54			58
Total				4,301			4,232
Accumulated depreciation and amortization				(2,183		)	(2,177		)
Net premises and equipment				$	2,118		$	2,055

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

Year Ended December 31, (Dollars in millions)
	2018		2017		2016
Rent expense applicable to operating leases	$	235	$	249	$	250
Rental income from owned properties and subleases	20		12		8

The following table excludes executory costs:

Year Ended December 31, (Dollars in millions)
	2019		2020		2021		2022		2023		Thereafter
Future minimum lease payments for operating leases	$	217	$	191	$	170	$	145	$	115	$	379