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Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of information related to operating leases
The following tables provide information related to the Firm’s operating leases:
December 31,
(in millions, except where otherwise noted)
20202019
Right-of-use assets$8,006 $8,190 
Lease liabilities8,508 8,505 
Weighted average remaining lease term (in years)8.78.8
Weighted average discount rate3.48 %3.68 %
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows$1,626 $1,572 
Supplemental non-cash information
Right-of-use assets obtained in exchange for operating lease obligations$1,350 $1,413 
Year ended December 31,
(in millions)		20202019
Rental expense
Gross rental expense$2,094 $2,057 
Sublease rental income(166)(184)
Net rental expense$1,928 $1,873 
Schedule of future payments under operating leases
The following table presents future payments under operating leases as of December 31, 2020:
Year ended December 31, (in millions)
2021$1,606 
20221,435 
20231,270 
20241,123 
2025947 
After 20253,602 
Total future minimum lease payments9,983 
Less: Imputed interest(1,475)
Total$8,508 
Schedule of carrying value of assets subject to leases
The following table presents the carrying value of assets subject to leases reported on the Consolidated balance sheets:
December 31,
(in millions)		20202019
Carrying value of assets subject to operating leases, net of accumulated depreciation
$21,155 $23,587 
Accumulated depreciation
6,388 6,121 
Schedule of operating lease income and related depreciation expense
The following table presents the Firm’s operating lease income and the related depreciation expense on the Consolidated statements of income:

Year ended December 31, (in millions)		202020192018
Operating lease income$5,539 $5,455 $4,540 
Depreciation expense4,257 4,157 3,522 
Schedule of future receipts under operating leases
The following table presents future receipts under operating leases as of December 31, 2020:
Year ended December 31, (in millions)
2021$3,686 
20222,084 
2023613 
202452 
202524 
After 202534 
Total future minimum lease receipts$6,493