Premises and Equipment

12 Months Ended

Dec. 31, 2014

NOTE 5. Premises and Equipment

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

		Estimated			December 31,
		Useful Life			2014		2013

		(Years)			(Dollars in millions)
Land and land improvements					$	533	$	527
Buildings and building improvements		40				1,431		1,288
Furniture and equipment		5	-	10		986		1,102
Leasehold improvements						670		633
Construction in progress						47		38
Capitalized leases on premises and equipment						61		58
	Total					3,728		3,646
Accumulated depreciation and amortization						(1,901)		(1,777)
	Net premises and equipment				$	1,827	$	1,869

							Year Ended December 31,
							2014		2013		2012

								(Dollars in millions)
Rent expense applicable to operating leases							$	227	$	230	$	215
Rental income from owned properties and subleases								7		8		8

	Year Ended December 31,
	2015		2016		2017		2018		2019		Thereafter

		(Dollars in millions)
Future minimum lease payments for operating leases	$	224	$	205	$	186	$	160	$	137	$	552

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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