Annual report pursuant to Section 13 and 15(d)

OPERATING LEASES (Tables)

v3.22.4
OPERATING LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Assets And Liabilities, Lessee
Net lease assets and liabilities are as follows:
At December 31,
(dollar amounts in millions) Classification 2022 2021
Assets
Operating lease assets Other assets $ 279  $ 316 
Liabilities
Lease liabilities Other liabilities $ 401  $ 441 
Schedule of Lease Cost
Net lease cost are as follows:
Year Ended December 31,
(dollar amounts in millions) Classification 2022 2021
Operating lease cost Net occupancy $ 81  $ 102 
Short-term lease cost Net occupancy 2  3 
Net lease cost $ 83  $ 105 
Additional supplemental information related to the Company’s operating leases is as follows:
Year Ended December 31,
(dollar amounts in millions) 2022 2021
Cash paid for amounts included in the measurement of lease liabilities for operating cash flows $ (80) $ (50)
Right-of-use assets obtained in exchange for lease obligations for operating leases 22  174 
Weighted-average remaining lease term (years) for operating leases 11.48 11.24
Weighted-average discount rate for operating leases 4.64  % 3.87  %
Schedule of Operating Lease Liability Maturities, Lessee
Maturity of lease liabilities at December 31, 2022 are as follows:
(dollar amounts in millions) Total
2023 $ 70 
2024 67 
2025 58 
2026 43 
2027 36 
Thereafter 262 
Total lease payments 536 
Less: Interest (135)
Total lease liabilities $ 401