v3.26.1
Other Assets and Liabilities
 6 Months Ended
Jun. 30, 2026
Other Assets and Liabilities [Abstract]  
Other Assets and Liabilities Other Assets and Liabilities
Lessee Operating Leases

The Company leases certain assets, consisting primarily of real estate, and assesses at contract inception whether a contract is, or contains, a lease. Finance leases where the Company is a lessee are not material to the Company’s financial statements for all periods presented. The following tables present additional information on operating leases, excluding leases related to the lease financing businesses:

(Dollars in millions)Jun 30, 2026Dec 31, 2025
ROU assets$995 $1,045 
Lease liabilities1,206 1,276 
Weighted average remaining term6.6 years6.7 years
Weighted average discount rate3.9 %3.8 %

Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2026202520262025
Operating lease costs$66 $69 $136 $137 

Lessor Operating Leases

The Company’s two primary lessor businesses are equipment financing and structured real estate with income recorded in Other income on the Consolidated Statements of Income. The following table presents a summary of assets under operating leases held for investment. This table excludes subleases on assets included in premises and equipment.

(Dollars in millions)Jun 30, 2026Dec 31, 2025
Assets held under operating leases(1)(2)
$1,495 $1,838 
Accumulated depreciation (497)(527)
Net$998 $1,311 
(1)Includes certain land parcels subject to operating leases that have indefinite lives.
(2)Excludes operating leases held for sale that totaled $4 million at June 30, 2026 and December 31, 2025.