Premises and Equipment

12 Months Ended

Dec. 31, 2013

NOTE 4. Premises and Equipment

A summary of premises and equipment is presented in the accompanying table:

		Estimated			December 31,
		Useful Life			2013		2012

		(Years)			(Dollars in millions)
Land and land improvements					$	527	$	547
Buildings and building improvements		40				1,288		1,235
Furniture and equipment		5	-	10		1,102		1,141
Leasehold improvements						633		555
Construction in progress						38		37
Capitalized leases on premises and equipment						58		59
	Total					3,646		3,574
Less - accumulated depreciation and amortization						(1,777)		(1,686)
	Net premises and equipment				$	1,869	$	1,888

							2013		2012		2011

								(Dollars in millions)
Rent expense applicable to operating leases							$	230	$	215	$	199
Rental income from owned properties and subleases								8		8		7

	2014		2015		2016		2017		2018		Thereafter

		(Dollars in millions)
Future minimum lease payments for operating leases	$	214	$	201	$	182	$	161	$	136	$	614

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details