v3.25.2
LEASES
 9 Months Ended
Jun. 30, 2025
Leases [Abstract]  
LEASES LEASES
The following table presents the balances related to our leases on our Condensed Consolidated Statements of Financial Condition. See Notes 2 and 14 of our 2024 Form 10-K for additional information related to our leases, including a discussion of our accounting policies.
$ in millionsJune 30, 2025September 30, 2024
ROU lease assets (included in “Other assets”)
$576 $568 
Lease liabilities (included in “Other payables”)
$543 $533 

Lease liabilities as of June 30, 2025 excluded $21 million of minimum lease payments related to lease arrangements that were legally binding but had not yet commenced. These leases are estimated to commence later in fiscal year 2025 through fiscal year 2026 with lease terms ranging from four to eleven years.

Lease expense

The following table details the components of lease expense, which is included in “Occupancy and equipment” expense on our Condensed Consolidated Statements of Income and Comprehensive Income.
Three months ended June 30,Nine months ended June 30,
$ in millions2025202420252024
Lease costs$37 $37 $110 $106 
Variable lease costs$7 $9 $20 $28 

Variable lease costs in the preceding table include payments required under lease arrangements for common area maintenance charges and other variable costs that are not reflected in the measurement of ROU lease assets and lease liabilities.