Leasing Activity (Tables)

3 Months Ended

Mar. 31, 2026

Noninterest income on leases, included in Table 7.1 is included in other noninterest income on our consolidated statement of income. Lease expense, included in other noninterest expense on our consolidated statement of income, was $62 million and $157 million in first quarter 2026 and 2025, respectively.

Table 7.1: Leasing Revenue (1)


	Quarter ended March 31,
(in millions)		2026		2025
Interest income on lease financing		$	223	232
Other lease revenue:
Lease financing		23		25
Operating leases		83		233
Other lease-related revenue (2)		14		14
Noninterest income on leases		120		272
Total leasing revenue		$	343	504

(1) In January 2026, we closed the sale of our rail car leasing business, which included finance leases and operating leases.

(2) Includes net gains or (losses) on disposition of assets leased under operating leases or lease financings.

Lessee Disclosure [Abstract]

Operating Lease Right-of-Use (ROU) Assets and Lease Liabilities

Table 7.2 presents balances for our operating leases.

Table 7.2: Operating Lease Right-of-Use (ROU) Assets and Lease Liabilities


(in millions)	Mar 31, 2026		Dec 31, 2025
ROU assets	$	3,630	3,641
Lease liabilities	4,144		4,162