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Premises, Equipment and Leases (Tables)
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment and Lease Commitments [Abstract]  
Schedule of Property, Plant and Equipment
The following table presents our premises and equipment as of December 31, 2020 and 2019.
Table 7.1 Components of Premises and Equipment
(Dollars in millions)December 31, 2020December 31, 2019
Land$366 $382 
Buildings and improvements3,742 3,903 
Furniture and equipment1,973 2,218 
Computer software2,144 1,996 
In progress768 689 
Total premises and equipment, gross8,993 9,188 
Less: Accumulated depreciation and amortization(4,706)(4,810)
Total premises and equipment, net$4,287 $4,378 
Schedule of Lease Cost
The following tables present information about our operating lease portfolio and the related lease costs as of and for the year ended December 31, 2020.
Table 7.2 Operating Lease Portfolio
(Dollars in millions)December 31, 2020December 31, 2019
Right-of-use assets$1,316 $1,433 
Lease liabilities1,688 1,756 
Weighted-average remaining lease term8.7 years8.9 years
Weighted-average discount rate3.1 %3.3 %
Table 7.3 Total Operating Lease Expense and Other Information
Year Ended December 31,
(Dollars in millions)20202019
Operating lease cost$315 $316 
Variable lease cost43 39 
Total lease cost358 355 
Sublease income(26)(26)
Net lease cost$332 $329 
Cash paid for amounts included in the measurement of lease liabilities$325 $328 
Right-of-use assets obtained in exchange for lease liabilities180 112 
Right-of-use assets recognized upon adoption of new lease standard0 1,601 
Schedule of Future Minimum Lease Payments
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, 2020.
Table 7.4 Maturities of Operating Leases and Reconciliation to Lease Liabilities
(Dollars in millions)December 31, 2020
2021$296 
2022272 
2023250 
2024216 
2025180 
Thereafter721 
Total undiscounted lease payments1,935 
Less: Imputed interest(247)
Total lease liabilities$1,688