Occupancy Expense and Information Systems and Communications Expense (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Summary of Lease Costs and Other Information

The following table presents lease costs, sublease rental income, cash flows and new leases arising from lease transactions for 2020:

	Years Ended December 31,
(In millions)	2020		2019
Finance lease:
Amortization of right-of-use assets	$	20	$	21
Interest on lease liabilities	9		11
Total finance lease expense	29		32
Sublease income	(11)		(9)
Net finance lease expense	18		23
Operating lease:
Operating lease expense	169		179
Sublease income	(16)		(6)
Net operating lease expense	153		173
Net lease expense	$	171	$	196
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	9	$	11
Operating cash flows from operating leases	192		201
Financing cash flows from finance leases	33		54
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	38	$	120
Finance leases	—		—

The following table presents details related to remaining lease terms and discount rate as of December 31, 2020:

	December 31, 2020		December 31, 2019
Weighted-average remaining lease term (in years):
Finance leases	2.7		3.8
Operating leases	7.1		7.6
Weighted-average discount rate:
Finance leases	7	%	7	%
Operating leases	3	%	3	%

Schedule of Future Minimum Lease Payments, Operating Leases

The following table presents future minimum lease payments under non-cancellable leases as of December 31, 2020:

(In millions)	Operating Leases		Finance Leases		Total
2021	$	186	$	41	$	227
2022	167		41		208
2023	147		31		178
2024	112		—		112
2025	93		—		93
Thereafter	275		—		275
Total future minimum lease payments	980		113		1,093
Less imputed interest	(89)		(10)		(99)
Total	$	891	$	103	$	994

Schedule of Future Minimum Lease Payments, Finance Leases

The following table presents future minimum lease payments under non-cancellable leases as of December 31, 2020:

(In millions)	Operating Leases		Finance Leases		Total
2021	$	186	$	41	$	227
2022	167		41		208
2023	147		31		178
2024	112		—		112
2025	93		—		93
Thereafter	275		—		275
Total future minimum lease payments	980		113		1,093
Less imputed interest	(89)		(10)		(99)
Total	$	891	$	103	$	994