XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.21.1

Leases | 3 Months Ended
--- | ---
Mar. 31, 2021
Leases [Abstract] |
Leases | 12. Leases All of the Company’s leases are classified as operating leases and primarily consist of real estate leases for corporate offices, data centers, and other facilities. As of March 31, 2021, the weighted-average remaining lease term on these leases is approximately 8 years and the weighted-average discount rate used to measure the lease liabilities is approximately 4.03%. For the three months ended March 31, 2021, right-of-use assets obtained under new operating leases were $2 million. The Company’s lease agreements do not contain any residual value guarantees, restrictions or covenants. The table below presents balances reported in the condensed consolidated statements of financial condition related to the Company’s leases for the period indicated.
|  | March 31, |  | December 31,
|  | 2021 |  | 2020
|  | (in millions)
Right-of-use assets 1 |  | $ | 98 |  | $ | 101
Lease liabilities 1 |  | $ | 116 |  | $ | 120
__________________________ (1)Right-of-use assets are included in other assets and lease liabilities are included in accounts payable, accrued expenses and other liabilities in the Company’s condensed consolidated statements of financial condition. The table below presents balances reported in the condensed consolidated statements of comprehensive income related to the Company’s leases for the period indicated.
|  | Three Months Ended March 31,
|  | 2021 |  | 2020
|  | (in millions)
Operating lease cost |  | $ | 7 |  | $ | 6
Variable lease cost |  |  | 1 |  |  | 1
Total lease cost |  | $ | 8 |  | $ | 7
The table below reconciles the undiscounted cash flows of the Company’s leases to the present value of its operating lease payments for the periods indicated.
|  | March 31, 2021
|  | (in millions)
2021 (remaining) |  | $ | 17
2022 |  |  | 20
2023 |  |  | 17
2024 |  |  | 14
2025 |  |  | 14
2026 |  |  | 14
Thereafter |  |  | 41
Total undiscounted operating lease payments |  |  | 137
Less: imputed interest |  |  | (21)
Present value of operating lease liabilities |  | $ | 116
‎

X
- References No definition available. + Details
Name: | us-gaap_LesseeDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration