Occupancy Expense and Information Systems and Communications Expense (Tables)

12 Months Ended

Dec. 31, 2016

Occupancy Expense and Information Systems and Communications Expense [Abstract]

Summary of Future Minimum Lease Payments Under Non Cancelable Capital and Operating Leases

The following table presents a summary of future minimum lease payments under non-cancelable capital and operating leases as of December 31, 2016. Aggregate future minimum rental commitments have been reduced by aggregate sublease rental commitments of $43 million for capital leases and $16 million for operating leases.

(In millions)	Capital Leases			Operating Leases		Total
2017	$	57		$	205	$	262
2018	53			185		238
2019	46			138		184
2020	45			123		168
2021	45			118		163
Thereafter	79			380		459
Total minimum lease payments	325			$	1,149	$	1,474
Less amount representing interest payments	(76		)
Present value of minimum lease payments	$	249