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Loans and Leases (Tables)
 6 Months Ended
Jun. 30, 2021
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)		June 30,
2021		December 31,
2020
Loans and leases held for sale:
Commercial and industrial loans$11 230 
Commercial mortgage loans33 7 
Commercial construction loans2 — 
Commercial leases— 39 
Residential mortgage loans5,684 4,465 
Total loans and leases held for sale$5,730 4,741 
Portfolio loans and leases:
Commercial and industrial loans(a)
$47,564 49,665 
Commercial mortgage loans10,347 10,602 
Commercial construction loans5,871 5,815 
Commercial leases3,238 2,915 
Total commercial loans and leases$67,020 68,997 
Residential mortgage loans(b)
$16,131 15,928 
Home equity4,545 5,183 
Indirect secured consumer loans15,192 13,653 
Credit card1,793 2,007 
Other consumer loans3,052 3,014 
Total consumer loans$40,713 39,785 
Total portfolio loans and leases$107,733 108,782 
(a)Includes $3.7 billion and $4.8 billion as of June 30, 2021 and December 31, 2020, respectively, related to the SBA’s Paycheck Protection Program.
(b)Includes $39 as of December 31, 2020 of residential mortgage loans previously sold to GNMA for which the Bancorp was deemed to have regained effective control over under ASC Topic 860, but did not exercise its option to repurchase. Refer to Note 14 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)		June 30,
2021		December 31,
2020		June 30,
2021		December 31,
2020
Commercial and industrial loans$47,575 49,895 2 39 
Commercial mortgage loans10,380 10,609 4 8 
Commercial construction loans5,873 5,815 — — 
Commercial leases3,238 2,954 — 1 
Residential mortgage loans21,815 20,393 57 70 
Home equity4,545 5,183 1 2 
Indirect secured consumer loans15,192 13,653 4 10 
Credit card1,793 2,007 14 31 
Other consumer loans3,052 3,014 1 2 
Total loans and leases$113,463 113,523 83 163 
Less: Loans and leases held for sale$5,730 4,741 
Total portfolio loans and leases$107,733 108,782 

The following table presents a summary of net charge-offs (recoveries):
For the three months ended
June 30,		For the six months ended
June 30,
($ in millions)2021202020212020
Commercial and industrial loans$13 65 40 115 
Commercial mortgage loans6 2 8 4 
Commercial leases(2)11 (2)16 
Residential mortgage loans— 1 (1)2 
Home equity(1)1 (1)4 
Indirect secured consumer loans— 7 9 20 
Credit card20 34 45 71 
Other consumer loans8 9 17 20 
Total net charge-offs$44 130 115 252 
Investment in Lease Financing
The following table presents the components of the net investment in leases as of:
($ in millions)(a)
June 30,
2021		December 31, 2020
Net investment in direct financing leases:
Lease payment receivable (present value)$1,161 1,400 
Unguaranteed residual assets (present value)167 181 
Net discount on acquired leases— (1)
Net investment in sales-type leases:
Lease payment receivable (present value)1,551 976 
Unguaranteed residual assets (present value)48 36 
(a)Excludes $311 and $323 of leveraged leases at June 30, 2021 and December 31, 2020, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2021 through 2026 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:
As of June 30, 2021 ($ in millions)Direct Financing
Leases		Sales-Type Leases
Remainder of 2021$216 278 
2022350 479 
2023224 288 
2024160 216 
2025114 150 
202669 82 
Thereafter105 165 
Total undiscounted cash flows$1,238 1,658 
Less: Difference between undiscounted cash flows and discounted cash flows77 107 
Present value of lease payments (recognized as lease receivables)$1,161 1,551