Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 103

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 103
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Net additions to lease liabilities under operating leases$131 59 Net additions to lease liabilities under finance leases29 45 Lease payments received for operating lease equipment61 78 Cash Paid for Amounts Included in the Measurement of Lease Liabilities:(b)Operating cash flows from operating leases$72 71 Operating cash flows from finance leases 5 4 Financing cash flows from finance leases 13 14 (a)Represents the fair value of the securities on the date of transfer. Refer to Note 4 for additional information.(b)The cash flows related to short-term and variable lease payments are not included in the amounts presented as they were not included in the measurement of lease liabilities.

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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

3.  Accounting and Reporting Developments

Standard Adopted in 2025The Bancorp adopted the following new accounting standard during the nine months ended September 30, 2025:ASU 2023-09 – Income Taxes (Topic 740): Improvements to Income Tax DisclosuresIn December 2023, the FASB issued ASU 2023-09, which amends the disclosure requirements for income taxes. The amendments primarily include new requirements to disclose additional information as part of the reconciliation of the effective tax rate to statutory tax rates, provide the amount of income taxes paid, net of refunds received, and income tax expense disaggregated between federal, state and foreign jurisdictions and provide income before income taxes disaggregated between domestic and foreign jurisdictions. The amendments also discontinue certain other disclosure requirements. The Bancorp adopted the amended guidance on January 1, 2025 and will provide the amended disclosures within its Annual Report on Form 10-K for the year ended December 31, 2025. Significant Accounting Standards Issued but Not Yet AdoptedThe following significant accounting standards were issued but not yet adopted by the Bancorp as of September 30, 2025: ASU 2024-03 – Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement ExpensesIn November 2024, the FASB issued ASU 2024-03, which introduces new requirements to disclose additional information about certain types of expenses, including employee compensation, depreciation, intangible asset amortization and selling expenses. The amended guidance is effective for the Bancorp for the year ending December