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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Operating Leases
As a lessee, the Corporation has entered into operating leases for the majority of its real estate locations, primarily retail and office space. Total lease expense for the years ended December 31, 2022, 2021 and 2020 were as follows:
(in millions)
Years Ended December 31202220212020
Operating lease expense$68 $65 $64 
Variable lease expense17 15 16 
Less sublease income(1)(1)(1)
Total lease expense$84 $79 $79 
Leases - Supplemental balance sheet information
Supplemental balance sheet information related to leases is summarized as follows:
(dollar amounts in millions)
Years Ended December 31202220212020
Included in accrued income and other assets
Right-of-use (ROU) assets$338 $317 $306 
Included in accrued expenses and other liabilities
Operating lease liabilities406 356 344 
Weighted average discount rate3.53 %3.33 %3.61 %
Weighted average lease term in years9 8 8 
Leases - Supplemental cash flow information
Supplemental cash flow information related to leases is summarized as follows:
(in millions)
Years Ended December 31202220212020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$66 $66 $65 
ROU assets obtained in exchange for new liabilities (a)80 64 28 
(a) Includes a $24 million reduction to both ROU assets and lease liabilities for a partial termination related to the Company's Texas headquarters for the year ended December 31, 2022.
Contractual maturities of operating lease liabilities
As of December 31, 2022, the contractual maturities of operating lease liabilities were as follows:
(in millions)
Years Ending December 31
2023$63 
202469 
202563 
202655 
202745 
Thereafter185 
Total contractual maturities480 
Less imputed interest(74)
Total operating lease liabilities$406 
Contractual maturities of sales-type and direct financing lease receivables
As of December 31, 2022, the contractual maturities of sales-type and direct financing lease receivables were as follows:
(in millions)
Years Ending December 31
2023$101 
2024127 
2025137 
202671 
202736 
Thereafter148 
Total lease payments receivable620 
Unguaranteed residual values61 
Less deferred interest income(22)
Total lease receivables (a)$659 
(a)Excludes net investment in leveraged leases of $101 million.