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 millions	2024		2023
ROU lease assets (included in “Other assets”)	$	568	$	560
Lease liabilities (included in “Other payables”)	$	533	$	539

The weighted-average remaining lease term and discount rate for our leases is presented in the following table.


	September 30,
	2024		2023
Weighted-average remaining lease term	6.3 years		6.7 years
Weighted-average discount rate	4.87	%	4.68	%

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 millions	2024		2023		2022
Lease costs	$	142	$	133	$	118
Variable lease costs	$	37	$	31	$	28

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 lease assets and lease liabilities.

The maturities by fiscal year of our lease liabilities as of September 30, 2024 are presented in the following table.


Fiscal year ended September 30,	$ in millions
2025	$	128
2026	115
2027	90
2028	78
2029	68
Thereafter	149
Gross lease payments	628
Less: interest	(95)
Present value of lease liabilities	$	533

Lease liabilities as of September 30, 2024 excluded $35 million of minimum lease payments related to lease arrangements that were legally binding but had not yet commenced. These leases are estimated to commence in fiscal 2025 with lease terms of up to eight years.