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LEASES (Tables)
 12 Months Ended
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 millionsClassificationDecember 31, 2025December 31, 2024
Lease assets:
Operating lease ROU assetsOther assets$294 $316 
Finance leasesPremises and equipment71 15 
Total lease assets$365 $331 
Lease liabilities:
Operating leasesOther liabilities$329 $357 
Finance leasesOther borrowings72 15 
Total lease liabilities$401 $372 
Weighted-average remaining lease terms:
Operating leases7.2 years7.4 years
Finance leases7.7 years11.7 years
Weighted-average discount rate:
Operating leases3.10 %2.94 %
Finance leases4.20 3.96 
Schedule of Net Lease Cost
The following table presents components of lease cost:

Components of Net Lease Cost
dollars in millionsYear Ended December 31,
Classification202520242023
Operating lease cost
Occupancy expense$72 $76 $64 
Finance lease ROU asset amortizationEquipment expense9 2 2 
Interest on lease liabilitiesInterest expense - other borrowings2 — — 
Variable lease cost (1)
Occupancy expense22 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 millionsYear Ended December 31,
202520242023
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 leases2 — — 
Financing cash flows from finance leases8 2 2 
ROU assets obtained in exchange for new operating lease liabilities48 28 69 
ROU assets obtained in exchange for new finance lease liabilities64 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 millionsOperating LeasesFinance LeasesTotal
2026$67 $14 $81 
202762 12 74 
202848 12 60 
202942 12 54 
203035 12 47 
Thereafter110 23 133 
Total undiscounted lease payments364 85 449 
Difference between undiscounted cash flows and discounted cash flows35 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 millionsOperating LeasesFinance LeasesTotal
2026$67 $14 $81 
202762 12 74 
202848 12 60 
202942 12 54 
203035 12 47 
Thereafter110 23 133 
Total undiscounted lease payments364 85 449 
Difference between undiscounted cash flows and discounted cash flows35 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 millionsDecember 31, 2025December 31, 2024
Railcars and locomotives (1)
$8,882 $8,573 
Other equipment739 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 millionsDecember 31, 2025December 31, 2024
Lease receivables$1,827 $1,764 
Unguaranteed residual assets209 235 
Total net investment in finance leases2,036 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 millionsYear Ended December 31,
202520242023
Lease income – operating leases$1,037 $966 $895 
Variable lease income – operating leases (1)
59 82 76 
Rental income on operating leases1,096 1,048 971 
Interest income – sales type and direct financing leases175 175 171 
Variable lease income included in other noninterest income (2)
58 61 59 
Interest income – leveraged leases3 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 
2027721 
2028547 
2029364 
2030216 
Thereafter349 
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 
2027568 
2028394 
2029234 
203084 
Thereafter45 
Total undiscounted lease receivables$2,064 
Difference between undiscounted cash flows and discounted cash flows237 
Lease receivables, at present value$1,827