XML 40 R22.htm IDEA: XBRL DOCUMENT v3.22.2.2
LEASES
12 Months Ended
Sep. 30, 2022
Leases [Abstract]  
LEASES LEASES
The following table presents the balances related to our leases on our Consolidated Statements of Financial Condition. See Note 2 for a discussion of our accounting policies related to leases.
 September 30,
$ in millions20222021
ROU assets (included in Other assets)$480 $446 
Lease liabilities (included in Other payables)$482 $450 

The weighted-average remaining lease term and discount rate for our leases is presented in the following table.
September 30,
20222021
Weighted-average remaining lease term6.8 years6.7 years
Weighted-average discount rate3.95 %3.45 %

Lease expense

The following table details the components of lease expense, which is included in “Occupancy and equipment” expense on our Consolidated Statements of Income and Comprehensive Income.
Year ended September 30,
$ in millions202220212020
Lease costs$118 $110 $98 
Variable lease costs$28 $27 $26 

Variable lease costs in the preceding table include payments required under lease arrangements for common area maintenance charges and other variable costs that are not reflected in the measurement of ROU assets and lease liabilities.

Lease liabilities

The maturities by fiscal year of our lease liabilities as of September 30, 2022 are presented in the following table.
Fiscal year ended September 30,$ in millions
2023$117 
202497 
202576 
202662 
202747 
Thereafter160 
Gross lease payments559 
Less: interest(77)
Present value of lease liabilities$482 

Lease liabilities as of September 30, 2022 excluded $66 million of minimum lease payments related to lease arrangements that were legally binding but had not yet commenced. These leases are estimated to commence between fiscal year 2023 through fiscal year 2025 with lease terms ranging from three to 13 years.