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Other Assets and Liabilites
 6 Months Ended
Jun. 30, 2023
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:
June 30, 2023December 31, 2022
(Dollars in millions)Operating LeasesFinance LeasesOperating LeasesFinance Leases
ROU assets$1,128 $22 $1,193 $20 
Total lease liabilities1,460 25 1,545 23 
Weighted average remaining term6.3 years5.8 years6.6 years5.6 years
Weighted average discount rate2.9 %3.6 %2.7 %3.4 %
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2023202220232022
Operating lease costs$74 $75 $156 $160 

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. This table excludes subleases on assets included in premises and equipment.
(Dollars in millions)Jun 30, 2023Dec 31, 2022
Assets held under operating leases(1)
$2,065 $2,090 
Accumulated depreciation (561)(550)
Net$1,504 $1,540 
(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. The carrying value of bank-owned life insurance was $7.7 billion at June 30, 2023 and $7.6 billion at December 31, 2022.