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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Lessee, Operating Leases [Text Block] | Other information related to operating leases at December 31 is as follows:
| 2023 |  | 2022
Weighted-average remaining lease term (years) | 9.6 years |  | 10.0 years
Weighted-average discount rate (%) | 2.9 | % |  | 2.6 | %
Future, undiscounted minimum lease payments on operating leases | Future, undiscounted minimum lease payments on operating leases are as follows:
| December 31, 2023
| (In millions)
2024 | $ | 92 |
2025 | 88 |
2026 | 75 |
2027 | 63 |
2028 | 51 |
Thereafter | 262 |
Total lease payments | 631 |
Less: Imputed interest | 96 |
Total present value of lease liabilities | $ | 535 |
Summary of sales-type, direct financing, operating, and leveraged leases | The following tables present a summary of Regions' sales-type, direct financing and leveraged leases for the years ended December 31.
| Net Interest Income
| 2023 |  | 2022 |  | 2021
| (In millions)
Sales-Type and Direct Financing | $ | 65 |  |  | $ | 52 |  |  | $ | 59 |
Leveraged(1) | 2 |  |  | 12 |  |  | 14 |
| $ | 67 |  |  | $ | 64 |  |  | $ | 73 |
_________ (1)Leveraged lease income is shown pre-tax and related tax expense is immaterial for all periods presented. Leveraged lease termination gains excluded from amounts presented above were immaterial for all periods presented.
| As of December 31, 2023
| Sales-Type and Direct Financing |  | Leveraged |  | Total
| (In millions)
Lease receivable | $ | 1,397 |  |  | $ | 123 |  |  | $ | 1,520 |
Unearned income | (211) |  |  | (47) |  |  | (258) |
Guaranteed residual | 96 |  |  | — |  |  | 96 |
Unguaranteed residual | 188 |  |  | 118 |  |  | 306 |
Total net investment | $ | 1,470 |  |  | $ | 194 |  |  | $ | 1,664 |
| As of December 31, 2022
| Sales-Type and Direct Financing |  | Leveraged |  | Total
| (In millions)
Lease receivable | $ | 1,236 |  |  | $ | 140 |  |  | $ | 1,376 |
Unearned income | (189) |  |  | (62) |  |  | (251) |
Guaranteed residual | 71 |  |  | — |  |  | 71 |
Unguaranteed residual | 173 |  |  | 134 |  |  | 307 |
Total net investment | $ | 1,291 |  |  | $ | 212 |  |  | $ | 1,503 |
Minimum future payments due from customers for sales-type, direct financing, and operating leases | The following table presents the minimum future payments due from customers for sales-type and direct financing leases:
| December 31, 2023
| Sales-Type and Direct Financing
| (In millions)
2024 | $ | 332 |
2025 | 268
2026 | 228
2027 | 159
2028 | 103 |
Thereafter | 307
| $ | 1,397 |

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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 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-10 + Details
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