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Premises, Equipment and Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment and Lease Commitments [Abstract] |
Schedule of Property, Plant and Equipment | Useful lives for premises and equipment are generally estimated as follows:
Premises and Equipment |  | Useful Lives
Buildings and improvements |  | 5-39 years
Furniture and equipment |  | 3-10 years
Computer software |  | 3 years
Leasehold improvements |  | Lesser of the useful life or the remaining lease term
The following table presents our premises and equipment as of December 31, 2023 and 2022. Table 7.1 Components of Premises and Equipment
(Dollars in millions) |  | December 31, 2023 |  | December 31, 2022
Land |  | $ | 305 |  |  | $ | 320 |
Buildings and improvements |  | 4,297 |  |  | 4,345 |
Furniture and equipment |  | 1,800 |  |  | 1,831 |
Computer software |  | 2,863 |  |  | 2,213 |
In progress |  | 291 |  |  | 646 |
Total premises and equipment, gross |  | 9,556 |  |  | 9,355 |
Less: Accumulated depreciation and amortization |  | (5,181) |  |  | (5,004) |
Total premises and equipment, net |  | $ | 4,375 |  |  | $ | 4,351 |
Schedule of Lease Cost | The following tables present information about our operating lease portfolio and the related lease costs as of and for the years ended December 31, 2023 and 2022. Table 7.2 Operating Lease Portfolio
(Dollars in millions) |  | December 31, 2023 |  | December 31, 2022 |  |  |  |  |  |
Right-of-use assets |  | $ | 1,009 |  |  | $ | 1,128 |  |  |  |  |  |  |
Lease liabilities |  | 1,312 |  |  | 1,458 |  |  |  |  |  |  |
Weighted-average remaining lease term |  | 8.2 years |  | 8.4 years |  |  |  |  |  |
Weighted-average discount rate |  | 3.2 | % |  | 3.1 | % |  |  |  |  |  |
Table 7.3 Total Operating Lease Expense and Other Information
|  |  |  | Year Ended December 31, |  |  |  |  |  |  |  |  |  |
(Dollars in millions) |  |  |  | 2023 |  | 2022 |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost |  |  |  | $ | 241 |  |  | $ | 280 |  |  |  |  |  |  |  |  |  |  |  |  |
Variable lease cost |  |  |  | 47 |  |  | 42 |  |  |  |  |  |  |  |  |  |  |  |  |
Total lease cost |  |  |  | 288 |  |  | 322 |  |  |  |  |  |  |  |  |  |  |  |  |
Sublease income |  |  |  | (18) |  |  | (16) |  |  |  |  |  |  |  |  |  |  |  |  |
Net lease cost |  |  |  | $ | 270 |  |  | $ | 306 |  |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  | $ | 285 |  |  | $ | 320 |  |  |  |  |  |  |  |  |  |  |  |  |
Right-of-use assets obtained in exchange for lease liabilities |  |  |  | 83 |  |  | 221 |  |  |  |  |  |  |  |  |  |  |  |  |
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, 2023. Table 7.4 Maturities of Operating Leases and Reconciliation to Lease Liabilities
(Dollars in millions) |  | December 31, 2023
2024 |  | $ | 241 |
2025 |  | 212 |
2026 |  | 194 |
2027 |  | 170 |
2028 |  | 151 |
Thereafter |  | 541 |
Total undiscounted lease payments |  | 1,509 |
Less: Imputed interest |  | 197 |
Total lease liabilities |  | $ | 1,312 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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