Annual report pursuant to Section 13 and 15(d)

OPERATING LEASES (Tables)

v3.20.4
OPERATING LEASES (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Assets And Liabilities, Lessee
Net lease assets and liabilities at December 31, 2020 and 2019 are as follows:
At December 31,
(dollar amounts in millions) Classification 2020 2019
Assets
Operating lease assets Other assets $ 199  $ 210 
Liabilities
Lease liabilities Other liabilities $ 220  $ 233 
Lease, Cost
Net lease cost for the years ended December 31, 2020 and 2019 are as follows:
Year Ended December 31,
(dollar amounts in millions) Classification 2020 2019
Operating lease cost Net occupancy $ 50  $ 47 
Short-term lease cost Net occupancy 1  1 
Sublease income Net occupancy (2) (3)
Net lease cost $ 49  $ 45 
Additional supplemental information related to the Company’s operating leases as of December 31, 2020 and 2019 are as follows:
Year Ended December 31,
(dollar amounts in millions) 2020 2019
Cash paid for amounts included in the measurement of lease liabilities for Operating cash flows $ (53) $ (54)
Right-of-use assets obtained in exchange for lease obligations for Operating leases 23  40 
Weighted-average remaining lease term (years) for Operating leases 7.17 7.31
Weighted-average discount rate for Operating leases 4.26  % 4.56  %
Lessee, Operating Lease, Liability, Maturity
Maturity of lease liabilities at December 31, 2020 are as follows:
(dollar amounts in millions) Total
2021 $ 43 
2022 42 
2023 37 
2024 32 
2025 26 
Thereafter 77 
Total lease payments $ 257 
Less: Interest (37)
Total lease liabilities $ 220