Occupancy Expense and Information Systems and Communications Expense (Tables)

12 Months Ended

Dec. 31, 2024

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 2024:

	Years Ended December 31,
(In millions)	2024		2023
Finance lease:
Amortization of right-of-use assets	$	48	$	48
Interest on lease liabilities	3		5
Total finance lease expense	51		53
Sublease income	—		—
Net finance lease expense	51		53
Operating lease:
Operating lease expense	168		163
Sublease income	(17)		(23)
Net operating lease expense	151		140
Net lease expense	$	202	$	193
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	3	$	5
Operating cash flows from operating leases	179		197
Financing cash flows from finance leases	46		45
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	174	$	461
Finance leases	—		—

The following table presents details related to remaining lease terms and discount rate as of December 31, 2024 and 2023:

	December 31, 2024		December 31, 2023
Weighted-average remaining lease term (in years):
Finance leases	1.4		2.5
Operating leases	8.1		8.5
Weighted-average discount rate:
Finance leases	3	%	3	%
Operating leases	4	%	4	%

Schedule of Future Minimum Lease Payments, Operating Leases

The following table presents future minimum lease payments under non-cancellable leases as of December 31, 2024:

(In millions)	Operating Leases		Finance Leases		Total
2025	$	182	$	55	$	237
2026	152		26		178
2027	134		—		134
2028	118		—		118
2029	88		—		88
Thereafter	342		—		342
Total future minimum lease payments	1,016		81		1,097
Less imputed interest	(177)		(2)		(179)
Total	$	839	$	79	$	918

Schedule of Future Minimum Lease Payments, Finance Leases

The following table presents future minimum lease payments under non-cancellable leases as of December 31, 2024:

(In millions)	Operating Leases		Finance Leases		Total
2025	$	182	$	55	$	237
2026	152		26		178
2027	134		—		134
2028	118		—		118
2029	88		—		88
Thereafter	342		—		342
Total future minimum lease payments	1,016		81		1,097
Less imputed interest	(177)		(2)		(179)
Total	$	839	$	79	$	918