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Other Assets and Liabilites
 3 Months Ended
Mar. 31, 2020
Other Assets [Abstract]  
Other Assets Disclosure Other Assets and Liabilities
Lessee Operating and Finance Leases

The Company leases certain assets, consisting primarily of real estate, and assesses at contract inception whether a contract is, or contains, a lease. At March 31, 2020, the Company had an immaterial amount of operating leases that had not yet commenced. The following table presents additional information on leases, and excludes assets related to the lease financing businesses:

March 31, 2020
(Dollars in millions)		Operating LeasesFinance Leases
ROU assets$1,773  $43  
Maturities of lease liabilities:
2020$334  $10  
2021382  11  
2022337  11  
2023284  7  
2024237  5  
202578  1  
Thereafter671  12  
Total lease payments2,323  57  
Less: imputed interest244  6  
Total lease liabilities$2,079  $51  
Weighted average remaining term7.5 years7.4 years
Weighted average discount rate2.6 %4.1 %
Three Months Ended March 31,
(Dollars in millions)		20202019
Operating lease costs$96  $49  

Lessor Operating Leases

The Company’s two primary lessor businesses are equipment financing and structured real estate with income recorded in Operating lease income on the Consolidated Statements of Income.

The following table presents a summary of assets under operating leases and activity related to assets under operating leases. This table excludes subleases on assets included in premises and equipment.
(Dollars in millions)Mar 31, 2020Dec 31, 2019
Assets held under operating leases (1)$2,126  $2,236  
Accumulated depreciation (443) (391) 
Net$1,683  $1,845  
(1) Includes certain land parcels subject to operating leases that have indefinite lives.

The residual value of assets no longer under operating leases was immaterial.

Bank-Owned Life Insurance

Bank-owned life insurance consists of life insurance policies held on certain employees for which the Company is the beneficiary. These policies provide the Company an efficient form of funding for retirement and other employee benefits costs. The carrying value of bank-owned life insurance was $6.4 billion at March 31, 2020 and December 31, 2019.