Occupancy Expense and Information Systems and Communications Expense (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Summary of Lease Costs and Other Information

The following table presents lease costs, sublease rental income, cash flows and new leases arising from lease transactions for 2021:

	Years Ended December 31,
(In millions)	2021		2020
Finance lease:
Amortization of right-of-use assets	$	27	$	20
Interest on lease liabilities	6		9
Total finance lease expense	33		29
Sublease income	(11)		(11)
Net finance lease expense	22		18
Operating lease:
Operating lease expense	147		169
Sublease income	(18)		(16)
Net operating lease expense	129		153
Net lease expense	$	151	$	171
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	6	$	9
Operating cash flows from operating leases	198		192
Financing cash flows from finance leases	47		33
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	69	$	38
Finance leases	108		—

The following table presents details related to remaining lease terms and discount rate as of December 31, 2021 and 2020:

	December 31, 2021		December 31, 2020
Weighted-average remaining lease term (in years):
Finance leases	2.6		2.7
Operating leases	5.8		7.1
Weighted-average discount rate:
Finance leases	4	%	7	%
Operating leases	3	%	3	%

Schedule of Future Minimum Lease Payments, Operating Leases

The following table presents future minimum lease payments under non-cancellable leases as of December 31, 2021:

(In millions)	Operating Leases		Finance Leases		Total
2022	$	158	$	71	$	229
2023	140		60		200
2024	117		29		146
2025	98		10		108
2026	74		—		74
Thereafter	162		—		162
Total future minimum lease payments	749		170		919
Less imputed interest	(60)		(6)		(66)
Total	$	689	$	164	$	853

Schedule of Future Minimum Lease Payments, Finance Leases

The following table presents future minimum lease payments under non-cancellable leases as of December 31, 2021:

(In millions)	Operating Leases		Finance Leases		Total
2022	$	158	$	71	$	229
2023	140		60		200
2024	117		29		146
2025	98		10		108
2026	74		—		74
Thereafter	162		—		162
Total future minimum lease payments	749		170		919
Less imputed interest	(60)		(6)		(66)
Total	$	689	$	164	$	853