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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Schedule of Operating and Finance Lease Assets and Liabilities | The following table presents supplemental balance sheet information and remaining weighted average lease terms and discount rates: Supplemental Lease Information
dollars in millions | Classification |  | December 31, 2025 |  | December 31, 2024
Lease assets: |  |  |  |  |
Operating lease ROU assets | Other assets |  | $ | 294 |  |  | $ | 316 |
Finance leases | Premises and equipment |  | 71 |  |  | 15 |
Total lease assets |  |  | $ | 365 |  |  | $ | 331 |
Lease liabilities: |  |  |  |  |
Operating leases | Other liabilities |  | $ | 329 |  |  | $ | 357 |
Finance leases | Other borrowings |  | 72 |  |  | 15 |
Total lease liabilities |  |  | $ | 401 |  |  | $ | 372 |
Weighted-average remaining lease terms: |  |  |  |  |
Operating leases |  |  | 7.2 years |  | 7.4 years
Finance leases |  |  | 7.7 years |  | 11.7 years
Weighted-average discount rate: |  |  |  |  |
Operating leases |  |  | 3.10 | % |  | 2.94 | %
Finance leases |  |  | 4.20 |  |  | 3.96 |
Schedule of Net Lease Cost | The following table presents components of lease cost: Components of Net Lease Cost
dollars in millions |  |  |  |  | Year Ended December 31,
| Classification |  |  |  |  |  | 2025 |  | 2024 |  | 2023
Operating lease cost | Occupancy expense |  |  |  |  |  | $ | 72 |  |  | $ | 76 |  |  | $ | 64 |
Finance lease ROU asset amortization | Equipment expense |  |  |  |  |  | 9 |  |  | 2 |  |  | 2 |
Interest on lease liabilities | Interest expense - other borrowings |  |  |  |  |  | 2 |  |  | — |  |  | — |
Variable lease cost (1) | Occupancy expense |  |  |  |  |  | 22 |  |  | 28 |  |  | 25 |
Sublease income | Occupancy expense |  |  |  |  |  | (6) |  |  | (6) |  |  | (3) |
Net lease cost (1) |  |  |  |  |  |  | $ | 99 |  |  | $ | 100 |  |  | $ | 88 |
(1) Includes short-term lease cost.
Schedule of Supplemental Cash Flow Information | The following table presents supplemental cash flow information related to leases: Supplemental Cash Flow Information
dollars in millions | Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 77 |  |  | $ | 77 |  |  | $ | 63 |
Operating cash flows from finance leases | 2 |  |  | — |  |  | — |
Financing cash flows from finance leases | 8 |  |  | 2 |  |  | 2 |
ROU assets obtained in exchange for new operating lease liabilities | 48 |  |  | 28 |  |  | 69 |
ROU assets obtained in exchange for new finance lease liabilities | 64 |  |  | 8 |  |  | 4 |
Schedule of Operating Lease Liability Maturities | The following table presents lease liability maturities at December 31, 2025: Maturity of Lease Liabilities
dollars in millions | Operating Leases |  | Finance Leases |  | Total |  |
2026 | $ | 67 |  |  | $ | 14 |  |  | $ | 81 |  |  |
2027 | 62 |  |  | 12 |  |  | 74 |  |  |
2028 | 48 |  |  | 12 |  |  | 60 |  |  |
2029 | 42 |  |  | 12 |  |  | 54 |  |  |
2030 | 35 |  |  | 12 |  |  | 47 |  |  |
Thereafter | 110 |  |  | 23 |  |  | 133 |  |  |
Total undiscounted lease payments | 364 |  |  | 85 |  |  | 449 |  |  |
Difference between undiscounted cash flows and discounted cash flows | 35 |  |  | 13 |  |  | 48 |  |  |
Lease liabilities, at present value | $ | 329 |  |  | $ | 72 |  |  | $ | 401 |  |  |
Schedule of Finance Lease Liability Maturities | The following table presents lease liability maturities at December 31, 2025: Maturity of Lease Liabilities
dollars in millions | Operating Leases |  | Finance Leases |  | Total |  |
2026 | $ | 67 |  |  | $ | 14 |  |  | $ | 81 |  |  |
2027 | 62 |  |  | 12 |  |  | 74 |  |  |
2028 | 48 |  |  | 12 |  |  | 60 |  |  |
2029 | 42 |  |  | 12 |  |  | 54 |  |  |
2030 | 35 |  |  | 12 |  |  | 47 |  |  |
Thereafter | 110 |  |  | 23 |  |  | 133 |  |  |
Total undiscounted lease payments | 364 |  |  | 85 |  |  | 449 |  |  |
Difference between undiscounted cash flows and discounted cash flows | 35 |  |  | 13 |  |  | 48 |  |  |
Lease liabilities, at present value | $ | 329 |  |  | $ | 72 |  |  | $ | 401 |  |  |
Schedule of Net Book Value of Assets Subject to Leases | The following table includes the net book value of operating lease equipment by equipment type, net of accumulated depreciation of $1.18 billion and $941 million at December 31, 2025 and December 31, 2024, respectively. Operating Lease Equipment
dollars in millions | December 31, 2025 |  | December 31, 2024
Railcars and locomotives (1) | $ | 8,882 |  |  | $ | 8,573 |
Other equipment | 739 |  |  | 750 |
Total (1) | $ | 9,621 |  |  | $ | 9,323 |
(1) Includes off-lease rail equipment of $258 million at December 31, 2025 and $219 million at December 31, 2024.
Schedule Of Net Investment In Finance Leases | The following table presents the components of the finance lease net investment on a discounted basis: Components of Net Investment in Finance Leases
dollars in millions | December 31, 2025 |  | December 31, 2024
Lease receivables | $ | 1,827 |  |  | $ | 1,764 |
Unguaranteed residual assets | 209 |  |  | 235 |
Total net investment in finance leases | 2,036 |  |  | 1,999 |
Leveraged lease net investment (1) | 17 |  |  | 15 |
Total (2) | $ | 2,053 |  |  | $ | 2,014 |
(1) Leveraged leases are reported net of non-recourse debt of $1 million at December 31, 2025 and $2 million at December 31, 2024. Our leveraged lease arrangements commenced before the ASC 842, Leases, effective date of January 1, 2019, and continue to be reported under the leveraged lease accounting model. ASC 842 eliminated leveraged lease accounting for new leases and for existing leases modified on or after the January 1, 2019. (2) Included in commercial and industrial in Note 5—Loans and Leases.
Schedule of Operating Lease Income | The following table presents lease income related to BancShares’ equipment leases: Lease Income
dollars in millions |  |  | Year Ended December 31,
|  |  |  |  | 2025 |  | 2024 |  | 2023
Lease income – operating leases |  |  |  |  | $ | 1,037 |  |  | $ | 966 |  |  | $ | 895 |
Variable lease income – operating leases (1) |  |  |  |  | 59 |  |  | 82 |  |  | 76 |
Rental income on operating leases |  |  |  |  | 1,096 |  |  | 1,048 |  |  | 971 |
Interest income – sales type and direct financing leases |  |  |  |  | 175 |  |  | 175 |  |  | 171 |
Variable lease income included in other noninterest income (2) |  |  |  |  | 58 |  |  | 61 |  |  | 59 |
Interest income – leveraged leases |  |  |  |  | 3 |  |  | 4 |  |  | 12 |
Total lease income |  |  |  |  | $ | 1,332 |  |  | $ | 1,288 |  |  | $ | 1,213 |
(1) Primarily includes per diem railcar operating lease rental income earned on a time or mileage usage basis. (2) Includes revenue related to insurance coverage on leased equipment and leased equipment property tax reimbursements due from customers.
Schedule of Maturity Analysis of Operating Lease Payments | The following tables present lease payments due on non-cancellable equipment operating leases and lease receivables due on finance leases at December 31, 2025. Excluded from these tables are variable lease payments, including rentals calculated based on asset usage levels, rentals from future renewal and re-leasing activity, and expected sales proceeds from remarketing equipment at lease expiration, all of which are components of lease profitability. Maturity Analysis of Operating Lease Payments
dollars in millions |
2026 | $ | 864 |
2027 | 721 |
2028 | 547 |
2029 | 364 |
2030 | 216 |
Thereafter | 349 |
Total | $ | 3,061 |
Schedule of Maturity Analysis of Sales-type and Direct Financing Leases | Maturity Analysis of Lease Receivable Payments - Sales Type and Direct Financing Leases
dollars in millions |
2026 | $ | 739 |
2027 | 568 |
2028 | 394 |
2029 | 234 |
2030 | 84 |
Thereafter | 45 |
Total undiscounted lease receivables | $ | 2,064 |
Difference between undiscounted cash flows and discounted cash flows | 237 |
Lease receivables, at present value | $ | 1,827 |

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