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v3.24.0.1

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Deferred tax assets: |  |
Loan valuations and loss reserves | $ 107 | $ 108
Employee benefits | 128 | 93
Accrued expenses | 21 | 22
Depreciation and amortization | 37 | 24
Lease liability | 85 | 91
Federal loss carryforwards | 32 | 34
State loss carryforwards | 3 | 2
Securities available-for-sale and financial instruments | 296 | 355
Other | 28 | 32
Gross deferred tax assets | 737 | 761
Deferred tax liabilities: |  |
Equity investments | 31 | 3
Other intangible assets | 75 | 80
Prepaid expenses | 20 | 17
ROU lease asset | 76 | 82
Leasing | 316 | 265
Other | 4 | 1
Gross deferred tax liabilities | 522 | 448
Net deferred tax assets | $ 215 | $ 313

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