XML 65 R15.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Premises, Equipment and Leases | 12 Months Ended
--- | ---
Dec. 31, 2019
Property, Plant and Equipment and Lease Commitments [Abstract] |
Premises, Equipment & Leases |
NOTE 7—PREMISES, EQUIPMENT AND LEASES
Premises and Equipment The following table presents our premises and equipment as of December 31, 2019 and 2018. Table 7.1 Components of Premises and Equipment
(Dollars in millions) |  | December 31, 2019 |  | December 31, 2018
Land |  | $ | 382 |  |  | $ | 386 |
Buildings and improvements |  | 3,903 |  |  | 3,994 |
Furniture and equipment |  | 2,218 |  |  | 2,018 |
Computer software |  | 1,996 |  |  | 1,847 |
In progress |  | 689 |  |  | 482 |
Total premises and equipment, gross |  | 9,188 |  |  | 8,727 |
Less: Accumulated depreciation and amortization |  | (4,810 | ) |  | (4,536 | )
Total premises and equipment, net |  | $ | 4,378 |  |  | $ | 4,191 |
Depreciation and amortization expense was $741 million, $728 million and $662 million for the years ended December 31, 2019, 2018 and 2017, respectively. Leases In the first quarter of 2019, we adopted ASU No. 2016-02, Leases (Topic 842), see “Note 1—Summary of Significant Accounting Policies” for the impacts upon adoption. Our primary involvement with leases is in the capacity as a lessee where we lease premises to support our business. A majority of our leases are operating leases of office space, retail bank branches and Cafés. For real estate leases, we have elected to account for the lease and non-lease components together as a single lease component. Our operating leases expire at various dates through 2071, and many of them require variable lease payments by us, of property taxes, insurance premiums, common area maintenance and other costs. Certain of these leases also have extension or termination options, and we assess the likelihood of exercising such options. If it is reasonably certain that we will exercise the options, then we include the impact in the measurement of our right-of-use assets and lease liabilities. Our right-of-use assets and lease liabilities for operating leases are included in other assets and other liabilities on our consolidated balance sheets. As most of our operating leases do not provide an implicit rate, we use our incremental borrowing rate in determining the present value of lease payments. Our operating lease expense is included in occupancy and equipment within non-interest expense in our consolidated statements of income. Total operating lease expense consists of operating lease cost, which is recognized on a straight-line basis over the lease term, and variable lease cost, which is recognized based on actual amounts incurred. We also sublease certain premises, and sublease income is included in other non-interest income in our consolidated statements of income. The following tables present information about our operating lease portfolio and the related lease costs as of and for the year ended December 31, 2019. Table 7.2 Operating Lease Portfolio
(Dollars in millions) |  | December 31, 2019
Right-of-use assets |  | $ | 1,433 |
Lease liabilities |  | 1,756 |
Weighted-average remaining lease term |  | 8.9 years |
Weighted-average discount rate |  | 3.3 | %
Table 7.3 Total Operating Lease Expense and Other Information
(Dollars in millions) |  | Year Ended December 31, 2019
Operating lease cost |  | $ | 316 |
Variable lease cost |  | 39 |
Total lease cost |  | 355 |
Sublease income |  | (26 | )
Net lease cost |  | $ | 329 |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 328 |
Right-of-use assets obtained in exchange for lease liabilities |  | 112 |
Right-of-use assets recognized upon adoption of new lease standard |  | 1,601 |
The following table presents a maturity analysis of our operating leases and a reconciliation of the undiscounted cash flows to our lease liabilities as of December 31, 2019. Table 7.4 Maturities of Operating Leases and Reconciliation to Lease Liabilities
(Dollars in millions) |  | December 31, 2019
2020 |  | $ | 310 |
2021 |  | 279 |
2022 |  | 256 |
2023 |  | 235 |
2024 |  | 202 |
Thereafter |  | 782 |
Total undiscounted lease payments |  | 2,064 |
Less: Imputed interest |  | (308 | )
Total lease liabilities |  | $ | 1,756 |
As of December 31, 2019, we had approximately $96 million and $103 million of right-of-use assets and lease liabilities, respectively, for finance leases with a weighted-average remaining lease term of 5.9 years. These right-of-use assets and lease liabilities are included in premises and equipment, net and other borrowings, respectively, on our consolidated balance sheets. We recognized $27 million of total finance lease expense for the year ended 2019.

X
- Definition Disclosure of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. This includes assets that are purchased or leased. Examples include land, building and production equipment. This disclosure may include a schedule of property, plant and equipment gross, depreciation, and net, accumulated depreciation, depletion, useful lives, and income statement disclosures. + References No definition available. + Details
Name: | cof_PropertyPlantEquipmentandOperatingLeaseCommitmentsDisclosureTextBlock
Namespace Prefix: | cof_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Property, Plant and Equipment and Lease Commitments [Abstract] + References No definition available. + Details
Name: | cof_PropertyPlantandEquipmentandLeaseCommitmentsAbstract
Namespace Prefix: | cof_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration