Annual report pursuant to Section 13 and 15(d)

OPERATING LEASES (Tables)

v3.25.0.1
OPERATING LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Assets and Liabilities, Lessee
Net lease assets and liabilities are as follows.
At December 31,
(dollar amounts in millions) Classification 2024 2023
Operating lease assets Other assets $ 278  $ 265 
Lease liabilities Other liabilities $ 380  $ 379 
Schedule of Lease Cost
Net lease cost are as follows.
Year Ended December 31,
(dollar amounts in millions) Classification 2024 2023
Operating lease cost Net occupancy $ 63  $ 68 
Short-term lease cost Net occupancy 2  1 
Net lease cost $ 65  $ 69 
Additional supplemental information related to the Company’s operating leases is as follows.
(dollar amounts in millions) 2024 2023
Year ended December 31:
Cash paid for amounts included in the measurement of lease liabilities for operating cash flows $ (76) $ (77)
Right-of-use assets obtained in exchange for lease obligations for operating leases 59  37 
At December 31:
Weighted-average remaining lease term (years) for operating leases 10.86 11.30
Weighted-average discount rate for operating leases 5.19  % 4.93  %
Schedule of Operating Lease Liability Maturities, Lessee
Maturity of lease liabilities at December 31, 2024 are as follows.
(dollar amounts in millions) Total
2025 $ 71 
2026 64 
2027 53 
2028 44 
2029 39 
Thereafter 240 
Total lease payments 511 
Less: Interest (131)
Total lease liabilities $ 380