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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Supplemental Balance Sheet Information Related To Operating Leases December 31, 2021 2020 (in millions)Right-of-use assets1 $ 101 101Lease liabilities1 $ 123 120___________________________ (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 consolidated statements of financial condition.
Lease Cost Year-Ended December 31, 2021 2020 2019 (in millions)Operating lease cost $ 28 $ 26 $ 25Variable lease cost 5 4 4Total lease cost $ 33 $ 30 $ 29
Undiscounted Cash Flows of Operating Lease December 31, 2021 (in millions)2022 $ 252023 242024 192025 162026 15Thereafter 43Total undiscounted operating lease payments 142Less: imputed interest (19)Present value of operating lease liabilities $ 123