Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 604

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 604
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 lease expense$87 $84 $84 Supplemental balance sheet information related to leases is summarized as follows:(dollar amounts in millions)Years Ended December 31202420232022Included in accrued income and other assetsRight-of-use (ROU) assets$292 $317 $338 Included in accrued expenses and other liabilitiesOperating lease liabilities357 388 406 Weighted average discount rate3.92 %3.72 %3.53 %Weighted average remaining lease term in years8 9 9 Supplemental cash flow information related to leases is summarized as follows:(in millions)Years Ended December 31202420232022Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows from operating leases$80 $69 $66 ROU assets obtained in exchange for new liabilities27 28 80 As of December 31, 2024, the contractual maturities of operating lease liabilities were as follows:(in millions)Years Ended December 312025$67 202667 202756 202848 202936 Thereafter149 Total contractual maturities423 Less imputed interest(66)Total operating lease liabilities$357 As a lessor, the Corporation leases certain types of manufacturing and warehouse equipment as well as public and private transportation vehicles to its customers. The Corporation recognized lease-related revenue, primarily interest income from sales-type and direct financing leases of $47 million, $40 million and $21 million for the years ended December 31, 2024, 2023 and 2022, respectively. The Corporation's net investment in sales-type and direct financing leases was $675 million and $761 million at December 31, 2024 and 2023, respectively.

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Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

As of December 31, 2024, the contractual maturities of sales-type and direct financing lease receivables were as follows:(in millions)Years Ended December 312025$136 202696 202768 202855 202949 Thereafter245 Total lease payments receivable649 Unguaranteed residual values51 Less deferred interest income(25)Total lease receivables (a)$675 (a)Excludes net investment in leveraged leases of $47 million.

F-100

Table of Contents

REPORT OF MANAGEMENT

The management