Occupancy Expense and Information Systems and Communications Expense (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Summary of Lease Costs and Other Information

The following table presents details related to remaining lease terms and discount rate as of December 31, 2019:

	December 31, 2019
Weighted-average remaining lease term (in years):
Finance leases	3.8
Operating leases	7.6
Weighted-average discount rate:
Finance leases	7	%
Operating leases	3	%

The following table presents lease costs, sublease rental income, cash flows and new leases arising from lease transactions for 2019:

(In millions)	Year End December 31, 2019
Finance lease:
Amortization of right-of-use assets	$	21
Interest on lease liabilities	11
Total finance lease expense	32
Sublease income	(9		)
Net finance lease expense	23
Operating lease:
Operating lease expense	179
Sublease income	(6		)
Net operating lease expense	173
Net lease expense	$	196
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	11
Operating cash flows from operating leases	201
Financing cash flows from finance leases	54
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	120
Finance leases	—

Schedule of Future Minimum Lease Payments, Operating Leases

The following table presents future minimum lease payments under non-cancellable leases as of December 31, 2019:

(In millions)	Operating Leases			Finance Leases			Total
2020	$	183		$	41		$	224
2021	180			41			221
2022	164			41			205
2023	143			31			174
2024	108			—			108
Thereafter	356			—			356
Total future minimum lease payments	1,134			154			1,288
Less imputed interest	(114		)	(18		)	(132		)
Total	$	1,020		$	136		$	1,156

Schedule of Future Minimum Lease Payments, Finance Leases

The following table presents future minimum lease payments under non-cancellable leases as of December 31, 2019:

(In millions)	Operating Leases			Finance Leases			Total
2020	$	183		$	41		$	224
2021	180			41			221
2022	164			41			205
2023	143			31			174
2024	108			—			108
Thereafter	356			—			356
Total future minimum lease payments	1,134			154			1,288
Less imputed interest	(114		)	(18		)	(132		)
Total	$	1,020		$	136		$	1,156