Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASES (Tables)

v3.19.2
OPERATING LEASES (Tables)
 6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Assets And Liabilities, Lessee
Net lease assets and liabilities at June 30, 2019 are as follows:
(dollar amounts in millions)
 
Classification
 
June 30, 2019
Assets
 
 
 
 
Operating lease assets
 
Other assets
 
$
202

Liabilities
 
 
 
 
Lease liabilities
 
Other liabilities
 
$
228


Lease, Cost
Lease term and discount rate as of June 30, 2019 are as follows:
 
 
June 30, 2019
Weighted-average remaining lease term (years)
 
 
Operating leases
 
7.53

 
 
 
Weighted-average discount rate
 
 
Operating leases
 
4.70
%

Net lease cost for the three-month and six-month periods ended June 30, 2019 is as follows:
(dollar amounts in millions)
 
Classification
 
Three Months Ended June 30, 2019
 
Six Months Ended June 30, 2019
Operating lease cost
 
Net occupancy
 
$
13

 
$
25

Sublease income
 
Net occupancy
 
(1
)
 
(2
)
Net lease cost
 
 
 
$
12

 
$
23


Cash flow supplemental information at June 30, 2019 are as follows:
(dollar amounts in millions)
 
Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
 
 
Operating cash flows from operating leases
 
$
(27
)
 
 
 
Right-of-use assets obtained in exchange for lease obligations
 
 
Operating leases
 
12


Lessee, Operating Lease, Liability, Maturity
Maturity of lease liabilities at June 30, 2019 are as follows:
(dollar amounts in millions)
 
Total
Remainder of 2019
 
$
22

2020
 
50

2021
 
37

2022
 
32

2023
 
27

Thereafter
 
103

Total lease payments
 
$
271

Less: Interest
 
(43
)
Total lease liabilities
 
$
228