XML 28 R19.htm IDEA: XBRL DOCUMENT

LEASES

9 Months Ended

Jun. 30, 2023

The following table presents the balances related to our leases on our Condensed Consolidated Statements of Financial Condition. See Notes 2 and 14 of our 2022 Form 10-K for additional information related to our leases, including a discussion of our accounting policies.


$ in millions	June 30, 2023		September 30, 2022
ROU assets (included in Other assets)	$	519	$	480
Lease liabilities (included in Other payables)	$	521	$	482

Lease liabilities as of June 30, 2023 excluded $46 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 dates later in fiscal year 2023 through fiscal year 2025 with lease terms ranging from four to 10 years.

Lease expense

The following table details the components of lease expense, which is included in “Occupancy and equipment” expense on our Condensed Consolidated Statements of Income and Comprehensive Income.


	Three months ended June 30,				Nine months ended June 30,
$ in millions	2023		2022		2023		2022
Lease costs	$	35	$	30	$	98	$	87
Variable lease costs	$	9	$	7	$	24	$	22

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.