Leases, Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Components of Net Investment in Direct Financing Leases

The components of our gross investment in direct financing leases are shown below:

	Year Ended December 31,
(in millions)	2024		2023
Direct financing lease - lease payments receivable	$	2,039	$	3,187
Direct financing lease - unguaranteed residual assets	285		321
Total lease payments	$	2,324	$	3,508

Schedule of Components of Net Investment in Direct Financing Leases

The following table presents the remaining maturity analysis of the undiscounted lease receivables, as well as the reconciliation to the total amount of receivables recognized in the Consolidated Statements of Condition:

(in millions)	December 31, 2024
2025	$	471
2026	530
2027	412
2028	270
2029	253
Thereafter	388
Total lease payments	$	2,324
Plus: deferred origination costs	9
Less: unearned income	(169)
Less: purchase accounting adjustment	(48)
Total lease finance receivables, net	$	2,116

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to the Company’s operating lease arrangements is presented below for the following periods:

	Year Ended December 31,
(in millions, except lease term and discount rate)	2024			2023
Operating Leases:
Operating lease right-of-use assets	$	416		$	426
Operating lease liabilities	$	463		$	446
Weighted average remaining lease term	10.7 years			11.2 years
Weighted average discount rate %	4.77		%	4.71		%

Schedule of Lease Cost Information

Supplemental cash flow information related to the leases for the following periods:

	Year Ended December 31,
(in millions)	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	71	$	64	$	28

Schedule of Supplemental Balance Sheet Information

(in millions)	December 31, 2024
Maturities of lease liabilities:
2025	$	70
2026	67
2027	60
2028	54
2029	48
Thereafter	302
Total lease payments	$	601
Less: imputed interest	$	(138)
Total present value of lease liabilities	$	463

Schedule of Premises and Equipment and Estimated Useful Lives

The estimated useful lives for the principal classes of assets are as follows:

Premises and Equipment	Useful Lives
Buildings	30
Furniture, fixtures and equipment, and building improvements	13.5
Leasehold improvements	10
ATMs	7