Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASES (Tables)

v3.19.1
OPERATING LEASES (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Assets And Liabilities, Lessee
Net lease assets and liabilities at March 31, 2019 are as follows:
(dollar amounts in millions)
 
Classification
 
March 31, 2019
Assets
 
 
 
 
Operating lease assets
 
Other assets
 
$
203

Liabilities
 
 
 
 
Lease liabilities
 
Other liabilities
 
$
228

Lease, Cost
Cash flow supplemental information at March 31, 2019 are as follows:
(dollar amounts in millions)
 
Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
 
 
Operating cash flows from operating leases
 
$
14

 
 
 
Right-of-use assets obtained in exchange for lease obligations
 
 
Operating leases
 
1

Lease term and discount rate as of March 31, 2019 are as follows:
 
 
March 31, 2019
Weighted-average remaining lease term (years)
 
 
Operating leases
 
7.3

 
 
 
Weighted-average discount rate
 
 
Operating leases
 
4.73
%
Net lease cost for the three months ended March 31, 2019 is as follows:
(dollar amounts in millions)
 
Classification
 
Three Months Ended March 31, 2019
Operating lease cost
 
Net occupancy
 
$
11

Sublease income
 
Net occupancy
 
(1
)
Net lease cost
 
 
 
$
10

Lessee, Operating Lease, Liability, Maturity
Maturity of lease liabilities at March 31, 2019 are as follows:
(dollar amounts in millions)
 
Total
2019
 
$
36

2020
 
50

2021
 
36

2022
 
31

2023
 
26

Thereafter
 
93

Total lease payments
 
$
272

Less: Interest
 
(44
)
Total
 
$
228