Occupancy Expense and Information Systems and Communications Expense (Tables)

12 Months Ended

Dec. 31, 2022

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 2022:

	Years Ended December 31,
(In millions)	2022		2021
Finance lease:
Amortization of right-of-use assets	$	50	$	27
Interest on lease liabilities	6		6
Total finance lease expense	56		33
Sublease income	(10)		(11)
Net finance lease expense	46		22
Operating lease:
Operating lease expense	130		147
Sublease income	(16)		(18)
Net operating lease expense	114		129
Net lease expense	$	160	$	151
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	6	$	6
Operating cash flows from operating leases	161		198
Financing cash flows from finance leases	58		47
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	88	$	69
Finance leases	99		108

The following table presents details related to remaining lease terms and discount rate as of December 31, 2022 and 2021:

	December 31, 2022		December 31, 2021
Weighted-average remaining lease term (in years):
Finance leases	3.5		2.6
Operating leases	5.0		5.8
Weighted-average discount rate:
Finance leases	3	%	4	%
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, 2022:

(In millions)	Operating Leases		Finance Leases		Total
2023	$	189	$	50	$	239
2024	125		52		177
2025	107		52		159
2026	84		31		115
2027	70		—		70
Thereafter	101		—		101
Total future minimum lease payments	676		185		861
Less imputed interest	(46)		(9)		(55)
Total	$	630	$	176	$	806

Schedule of Future Minimum Lease Payments, Finance Leases

The following table presents future minimum lease payments under non-cancellable leases as of December 31, 2022:

(In millions)	Operating Leases		Finance Leases		Total
2023	$	189	$	50	$	239
2024	125		52		177
2025	107		52		159
2026	84		31		115
2027	70		—		70
Thereafter	101		—		101
Total future minimum lease payments	676		185		861
Less imputed interest	(46)		(9)		(55)
Total	$	630	$	176	$	806