XML 40 R17.htm IDEA: XBRL DOCUMENT v3.22.0.1
Other Assets and Liabilites
 12 Months Ended
Dec. 31, 2021
Other Assets [Abstract]  
Other Assets and Liabilities Disclosure Other Assets and Liabilities
Lessee Operating and Finance Leases

The Company leases certain assets, consisting primarily of real estate, and assesses at contract inception whether a contract is, or contains, a lease. The following tables present additional information on leases, excluding leases related to the lease financing businesses:
20212020
December 31,
(Dollars in millions)		Operating LeasesFinance LeasesOperating LeasesFinance Leases
ROU assets$1,168 $22 $1,333 $36 
Maturities of lease liabilities:
2022$302 $5 
2023311 5 
2024265 5 
2025225 4 
2026184 3 
Thereafter428 7 
Total lease payments1,715 29 $2,079 $47 
Less: imputed interest115 3 183 5 
Total lease liabilities$1,600 $26 $1,896 $42 
Weighted average remaining term6.6 years6.4 years6.9 years6.3 years
Weighted average discount rate2.3 %3.5 %2.4 %4.8 %
Year Ended December 31,
(Dollars in millions)		202120202019
Operating lease costs$319 $360 $209 

Lessor Operating Leases

The Company’s two primary lessor businesses are equipment financing and structured real estate with income recorded in Operating lease income on the Consolidated Statements of Income. The following table presents a summary of assets under operating leases and activity related to assets under operating leases. This table excludes subleases on assets included in premises and equipment.
December 31,
(Dollars in millions)		20212020
Assets held under operating leases (1)$2,110 $2,144 
Accumulated depreciation (539)(517)
Net$1,571 $1,627 
(1) Includes certain land parcels subject to operating leases that have indefinite lives.

Bank-Owned Life Insurance

Bank-owned life insurance consists of life insurance policies held on certain teammates for which the Company is the beneficiary. These policies provide the Company an efficient form of funding for retirement and other employee benefits costs. The carrying value of bank-owned life insurance was $7.3 billion at December 31, 2021 and $6.5 billion December 31, 2020.