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LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Supplemental Information Related to Operating Leases
Supplemental information related to operating leases is as follows for the periods indicated:
Year Ended December 31,
(Dollars in millions)20242023
Lease expense incurred:
Operating lease cost$32 $30 
At December 31,
(Dollars in millions)20242023
Operating lease right of use assets (1)
$108 $123 
Operating lease liabilities (1)
126 143 
(1) Operating lease right of use assets and operating lease liabilities are included within other assets and other liabilities on the Company’s consolidated balance sheets, respectively.
Year Ended December 31,
(Dollars in millions)20242023
Operating cash flows from operating leases$(24)$(22)
At December 31,
20242023
Weighted average remaining operating lease term9.2 years9.8 years
Weighted average discount rate on operating leases4.14 %4.03 %
Schedule of Maturities of Lease Liabilities
Maturities of the existing lease liabilities are expected to occur as follows:
(Dollars in millions)As of December 31,
2025$21 
202620 
202717 
202814 
202913 
Thereafter67 
Undiscounted lease payments152 
Less: present value adjustment25 
Total operating lease liability$126 
(Some amounts may not reconcile due to rounding.)