v3.25.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Supplemental Information Related to Operating Leases
Supplemental information related to operating leases is as follows for the periods indicated:
Year Ended December 31,
(Dollars in millions)20252024
Lease expense incurred:
Operating lease cost$36 $32 
At December 31,
(Dollars in millions)20252024
Operating lease right of use assets (1)
$176 $108 
Operating lease liabilities (1)
196 126 
(1) Operating lease right of use assets and operating lease liabilities are included within other assets and other liabilities on the Company’s consolidated balance sheets, respectively.
Year Ended December 31,
(Dollars in millions)20252024
Operating cash flows from operating leases$(24)$(24)
At December 31,
20252024
Weighted average remaining operating lease term10.7 years9.2 years
Weighted average discount rate on operating leases4.62 %4.14 %
Schedule of Maturities of Lease Liabilities
Maturities of the existing lease liabilities are expected to occur as follows:
(Dollars in millions)As of December 31,
2026$28 
202727 
202824 
202923 
203021 
Thereafter125 
Undiscounted lease payments247 
Less: present value adjustment51 
Total operating lease liability$196 
(Some amounts may not reconcile due to rounding.)