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Loans and Leases (Tables)
 9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Loans and Leases Classified by Primary Purpose
The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of:

($ in millions)		September 30,
2020		December 31,
2019
Loans and leases held for sale:
Commercial and industrial loans$57 135 
Commercial mortgage loans2 1 
Residential mortgage loans2,264 1,264 
Total loans and leases held for sale$2,323 1,400 
Portfolio loans and leases:
Commercial and industrial loans(a)
$51,695 50,542 
Commercial mortgage loans10,878 10,963 
Commercial construction loans5,656 5,090 
Commercial leases3,021 3,363 
Total commercial loans and leases$71,250 69,958 
Residential mortgage loans(b)
$16,158 16,724 
Home equity5,455 6,083 
Indirect secured consumer loans12,925 11,538 
Credit card2,087 2,532 
Other consumer loans2,856 2,723 
Total consumer loans$39,481 39,600 
Total portfolio loans and leases$110,731 109,558 
(a)Includes $5.2 billion, as of September 30, 2020, related to the SBA’s Paycheck Protection Program established under the CARES Act on March 27, 2020.
(b)Includes $51 million, as of September 30, 2020, of residential mortgage loans previously sold to GNMA for which the Bancorp is deemed to have regained effective control over under ASC Topic 860, but did not exercise its option to repurchase. Refer to Note 16 for further information.
Total Loans and Leases Owned by the Bancorp
The following table presents a summary of the total loans and leases owned by the Bancorp as of:
Carrying Value90 Days Past Due
and Still Accruing

($ in millions)		September 30,
2020		December 31,
2019		September 30,
2020		December 31,
2019
Commercial and industrial loans$51,752 50,677 4 11 
Commercial mortgage loans10,880 10,964 26 15 
Commercial construction loans5,656 5,090 — — 
Commercial leases3,021 3,363 2 — 
Residential mortgage loans18,422 17,988 67 50 
Home equity5,455 6,083 2 1 
Indirect secured consumer loans12,925 11,538 10 10 
Credit card2,087 2,532 27 42 
Other consumer loans2,856 2,723 1 1 
Total loans and leases$113,054 110,958 139 130 
Less: Loans and leases held for sale$2,323 1,400 
Total portfolio loans and leases$110,731 109,558 

The following table presents a summary of net charge-offs (recoveries):
For the three months ended
September 30,		For the nine months ended
September 30,
($ in millions)2020201920202019
Commercial and industrial loans$42 29 157 67 
Commercial mortgage loans11 — 14 (1)
Commercial leases8 4 24 7 
Residential mortgage loans(1)1 1 1 
Home equity1 2 5 8 
Indirect secured consumer loans3 13 23 34 
Credit card29 33 100 101 
Other consumer loans8 17 29 39 
Total net charge-offs$101 99 353 256 
Investment in Lease Financing
The following table presents the components of the net investment in leases as of:
($ in millions)(a)
September 30,
2020		December 31, 2019
Net investment in direct financing leases:
Lease payment receivable (present value)$1,610 2,196 
Unguaranteed residual assets (present value)198 220 
Net discount on acquired leases— (7)
Net investment in sales-type leases:
Lease payment receivable (present value)818 510 
Unguaranteed residual assets (present value)29 15 
(a)Excludes $366 and $429 of leveraged leases at September 30, 2020 and December 31, 2019, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2020 through 2025 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:
As of September 30, 2020 ($ in millions)Direct Financing
Leases		Sales-Type Leases
Remainder of 2020$137 57 
2021503 226 
2022397 197 
2023232 144 
2024172 108 
2025115 56 
Thereafter165 113 
Total undiscounted cash flows$1,721 901 
Less: Difference between undiscounted cash flows and discounted cash flows111 83 
Present value of lease payments (recognized as lease receivables)$1,610 818