v3.26.1
Leasing Activity
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leasing Activity
Note 7:  Leasing Activity
The information below provides a summary of our leasing activities as a lessor and lessee. See Note 7 (Leasing Activity) in our 2025 Form 10-K for additional information about our leasing activities.

As a Lessor
Noninterest income on leases, as shown 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 $57 million and $154 million for the quarters ended June 30, 2026 and 2025, respectively, and $119 million and $311 million for the first half of 2026 and 2025, respectively.
Table 7.1: Leasing Revenue (1)
Quarter ended June 30,Six months ended June 30,
(in millions)2026202520262025
Interest income on lease financing$224 234 $447 466 
Other lease revenue:
Lease financing
20 21 43 46 
Operating leases
81 234 164 467 
Other lease-related revenue (2)
5 9 19 23 
Noninterest income on leases106 264 226 536 
Total leasing revenue$330 498 $673 1,002 
(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.
As a Lessee
Table 7.2 presents balances for our operating leases.
Table 7.2: Operating Lease Right-of-Use (ROU) Assets and Lease Liabilities
(in millions)
Jun 30, 2026Dec 31, 2025
ROU assets$3,633 3,641 
Lease liabilities4,138 4,162 
Total lease costs, which are included in occupancy expense, were $295 million and $283 million for the quarters ended June 30, 2026 and 2025, respectively, and $602 million and $593 million for the first half of 2026 and 2025, respectively.