Other Assets and Liabilites

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Other Assets and Liabilities

Other Assets and Liabilities

Lessee Operating and Finance Leases

Operating lease costs were $49 million and $98 million for the three and six months ended June 30, 2019, respectively.

The following table presents additional information on operating and finance leases:

June 30, 2019 (Dollars in millions)	Operating Leases			Finance Leases
ROU assets	$	842		$	18
Maturities of lease liabilities:
2019	$	86		$	4
2020	195			7
2021	172			6
2022	148			5
2023	118			3
2024	92			2
Thereafter	289			3
Total lease payments	1,100			30
Less: imputed interest	139			5
Total lease liabilities	$	961		$	25
Weighted average remaining term	7.5 years			5.0 years
Weighted average discount rate	3.1		%	7.1		%

Lessor Operating Leases

The following tables present a summary of assets under operating leases and activity related to assets under operating leases. These tables exclude subleases on assets included in premises and equipment.

(Dollars in millions)	Jun 30, 2019			Dec 31, 2018
Assets held under operating leases	$	1,359		$	1,378
Accumulated depreciation	(375		)	(374		)
Net	$	984		$	1,004

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2019		2018		2019		2018
Depreciation expense for assets under operating leases	$	29	$	30	$	58	$	60

The residual value of assets no longer under operating leases was immaterial.