Leases (Tables)

12 Months Ended

Dec. 31, 2019

Lease expense and other information related to operating leases

Other information related to operating leases is as follows:



	December 31, 2019
Weighted-average remaining lease term (years)	9.3 years
Weighted-average discount rate (%)	3.2	%

Lessee, Operating Leases [Text Block]

Future, undiscounted minimum lease payments on operating leases are as follows:



	December 31, 2019
	(In millions)
2020	$	94
2021	87
2022	78
2023	70
2024	57
Thereafter	234
Total lease payments	620
Less: Imputed interest	106
Total present value of lease liabilities	$	514

Summary of sales-type, direct financing, operating, and leveraged leases

The following tables present a summary of Regions' sales-type, direct financing, operating, and leveraged leases:



	Net Interest Income and Other Financing Income
	Year Ended December 31, 2019
	(In millions)
Sales-Type and Direct Financing	$	33
Operating	11
Leveraged⁽¹⁾	14
	$	58

_________

(1) Leveraged lease income is shown pre-tax with related tax expense of $9 million. This income does not include leveraged lease termination gains of $1 million with related income tax expense of zero.



	As of December 31, 2019
	Sales-Type and Direct Financing			Operating			Leveraged			Total
	(In millions)
Lease receivable	$	1,068		$	113		$	182		$	1,363
Unearned income	(215		)	(29		)	(113		)	(357		)
Guaranteed residual	32			—			—			32
Unguaranteed residual	152			213			147			512
Total net investment	$	1,037		$	297		$	216		$	1,550

Summary of sales-type, direct financing, operating, and leveraged leases

The following tables present a summary of Regions' sales-type, direct financing, operating, and leveraged leases:



	Net Interest Income and Other Financing Income
	Year Ended December 31, 2019
	(In millions)
Sales-Type and Direct Financing	$	33
Operating	11
Leveraged⁽¹⁾	14
	$	58

_________



	As of December 31, 2019
	Sales-Type and Direct Financing			Operating			Leveraged			Total
	(In millions)
Lease receivable	$	1,068		$	113		$	182		$	1,363
Unearned income	(215		)	(29		)	(113		)	(357		)
Guaranteed residual	32			—			—			32
Unguaranteed residual	152			213			147			512
Total net investment	$	1,037		$	297		$	216		$	1,550

Summary of sales-type, direct financing, operating, and leveraged leases

The following tables present a summary of Regions' sales-type, direct financing, operating, and leveraged leases:



	Net Interest Income and Other Financing Income
	Year Ended December 31, 2019
	(In millions)
Sales-Type and Direct Financing	$	33
Operating	11
Leveraged⁽¹⁾	14
	$	58

_________



	As of December 31, 2019
	Sales-Type and Direct Financing			Operating			Leveraged			Total
	(In millions)
Lease receivable	$	1,068		$	113		$	182		$	1,363
Unearned income	(215		)	(29		)	(113		)	(357		)
Guaranteed residual	32			—			—			32
Unguaranteed residual	152			213			147			512
Total net investment	$	1,037		$	297		$	216		$	1,550

Minimum future payments due from customers for sales-type, direct financing, and operating leases

The following table presents the minimum future payments due from customers for sales-type, direct financing, and operating leases:



	December 31, 2019
	Sales-Type and Direct Financing		Operating		Total
	(In millions)
2020	$	192	$	41	$	233
2021	150		30		180
2022	126		18		144
2023	104		9		113
2024	74		6		80
Thereafter	422		9		431
	$	1,068	$	113	$	1,181