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Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Components of Lease Expense The components of lease expense are summarized as follows:
Dollars in millionsDecember 31, 2021December 31, 2020
Operating lease cost$133 $135 
Finance lease cost:
Amortization of right-of-use assets2 2 
Interest on lease liabilities— 1 
Variable lease cost22 20 
Total lease cost (a)
$157 $158 
(a)Short-term lease cost was less than $1 million for both the twelve months ended December 31, 2021, and December 31, 2020
Information pertaining to the lease term and weighted-average discount rate is summarized as follows:
December 31, 2021December 31, 2020
Weighted-average remaining lease term:
Operating leases6.567.09
Finance leases5.335.03
Weighted-average discount rate:
Operating leases2.78 %3.01 %
Finance leases4.50 %3.94 %
Summary of Cash Flows Related to Leases
Cash flows related to leases are summarized as follows:
Dollars in millionsDecember 31, 2021December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$— $1 
Operating cash flows from operating leases141 143 
Financing cash flows from finance leases2 2 
Right-of-use assets obtained in exchange for lease obligations: (a)
Operating leases$85 $86 
(a)There were no right-of-use assets obtained in exchange for finance lease obligations for either the twelve months ended December 31, 2021 or December 31, 2020.
Summary of Additional Balance Sheet Information Related to Leases
Additional balance sheet information related to leases is summarized as follows:
Dollars in millionsBalance sheet classificationDecember 31, 2021December 31, 2020
Operating lease assetsAccrued income and other assets$595 $630 
Operating lease liabilitiesAccrued expense and other liabilities676 711 
Finance leases:
Property and equipment, grossPremises and equipment18 28 
Accumulated depreciationPremises and equipment(13)(19)
Property and equipment, net5 9 
Finance lease liabilitiesLong-term debt7 11 
Finance Lease, Maturities of Lease Liabilities
Maturities of lease liabilities are summarized as follows:
Dollars in millionsOperating LeasesFinance LeasesTotal
2022$138 $2 $140 
2023130 2 132 
2024115 2 117 
202596 1 97 
202680 — 80 
Thereafter187 2 189 
Total lease payments746 9 755 
Less imputed interest70 2 72 
Total$676 $7 $683 
Lessee, Operating Lease, Maturities of Lease Liabilities
Maturities of lease liabilities are summarized as follows:
Dollars in millionsOperating LeasesFinance LeasesTotal
2022$138 $2 $140 
2023130 2 132 
2024115 2 117 
202596 1 97 
202680 — 80 
Thereafter187 2 189 
Total lease payments746 9 755 
Less imputed interest70 2 72 
Total$676 $7 $683 
Operating Lease, Lease Income The components of equipment leasing income are summarized in the table below:
Dollars in millionsDecember 31, 2021December 31, 2020
Sales-type and direct financing leases
Interest income on lease receivable$75 $119 
 Interest income related to accretion of unguaranteed residual asset16 (3)
Total sales-type and direct financing lease income91 116 
Operating leases
Operating lease income related to lease payments127 136 
Other operating leasing gains21 31 
Total operating lease income and other leasing gains148 167 
Total lease income$239 $283 
Sales-type Lease, Lease Income The components of equipment leasing income are summarized in the table below:
Dollars in millionsDecember 31, 2021December 31, 2020
Sales-type and direct financing leases
Interest income on lease receivable$75 $119 
 Interest income related to accretion of unguaranteed residual asset16 (3)
Total sales-type and direct financing lease income91 116 
Operating leases
Operating lease income related to lease payments127 136 
Other operating leasing gains21 31 
Total operating lease income and other leasing gains148 167 
Total lease income$239 $283 
Direct Financing Lease, Lease Income The components of equipment leasing income are summarized in the table below:
Dollars in millionsDecember 31, 2021December 31, 2020
Sales-type and direct financing leases
Interest income on lease receivable$75 $119 
 Interest income related to accretion of unguaranteed residual asset16 (3)
Total sales-type and direct financing lease income91 116 
Operating leases
Operating lease income related to lease payments127 136 
Other operating leasing gains21 31 
Total operating lease income and other leasing gains148 167 
Total lease income$239 $283 
Composition of Net Investment in Sales-Type and Direct Financing Leases The composition of the net investment in sales-type and direct financing leases is as follows:
Dollars in millionsDecember 31, 2021December 31, 2020
Lease receivables$3,205 $3,570 
Unearned income(193)(257)
Unguaranteed residual value450 478 
Deferred fees and costs14 8 
Net investment in sales-type and direct financing leases$3,476 $3,799 
Minimum Future Lease Payments to be Received for Sales-Type and Direct Financing Leases
At December 31, 2021, minimum future lease payments to be received for sales-type and direct financing leases are as follows:
Dollars in millionsSales-type and direct financing lease payments
2022$970 
2023725 
2024501 
2025327 
2026239 
Thereafter444 
Total lease payments$3,206 
Minimum Future Lease Payments to be Received for Operating Leases
At December 31, 2021, minimum future lease payments to be received for operating leases are as follows:
Dollars in millionsOperating lease payments
2022$110 
202392 
202479 
202566 
202650 
Thereafter84 
Total lease payments$480