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Loans and Leases (Tables)
 3 Months Ended
Mar. 31, 2023
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)		March 31,
2023		December 31,
2022
Loans and leases held for sale:
Commercial and industrial loans$21 73 
Commercial leases3 — 
Residential mortgage loans725 934 
Total loans and leases held for sale$749 1,007 
Portfolio loans and leases:
Commercial and industrial loans$57,720 57,232 
Commercial mortgage loans11,228 11,020 
Commercial construction loans5,548 5,433 
Commercial leases2,743 2,704 
Total commercial loans and leases$77,239 76,389 
Residential mortgage loans$17,608 17,628 
Home equity3,958 4,039 
Indirect secured consumer loans16,484 16,552 
Credit card1,761 1,874 
Other consumer loans5,807 4,998 
Total consumer loans$45,618 45,091 
Total portfolio loans and leases$122,857 121,480 
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 Value
90 Days Past Due and Still Accruing(a)

($ in millions)		March 31,
2023		December 31,
2022		March 31,
2023		December 31,
2022
Commercial and industrial loans$57,741 57,305 17 11 
Commercial mortgage loans11,228 11,020 — — 
Commercial construction loans5,548 5,433 — — 
Commercial leases2,746 2,704 — 2 
Residential mortgage loans18,333 18,562 9 7 
Home equity3,958 4,039 1 1 
Indirect secured consumer loans16,484 16,552 — — 
Credit card1,761 1,874 18 18 
Other consumer loans5,807 4,998 1 1 
Total loans and leases$123,606 122,487 46 40 
Less: Loans and leases held for sale749 1,007 
Total portfolio loans and leases$122,857 121,480 
(a)Excludes government guaranteed residential mortgage loans.

The following table presents a summary of net charge-offs (recoveries):
For the three months ended
March 31,
($ in millions)20232022
Commercial and industrial loans$30 9 
Commercial mortgage loans— (1)
Commercial construction loans1 — 
Residential mortgage loans— (1)
Home equity— (1)
Indirect secured consumer loans14 7 
Credit card15 13 
Other consumer loans18 8 
Total net charge-offs$78 34 
Investment in Lease Financing
The following table presents the components of the net investment in portfolio leases as of:
($ in millions)(a)
March 31,
2023		December 31,
2022
Net investment in direct financing leases:
Lease payment receivable (present value)$582 570 
Unguaranteed residual assets (present value)109 107 
Net investment in sales-type leases:
Lease payment receivable (present value)1,728 1,704 
Unguaranteed residual assets (present value)76 76 
(a)Excludes $248 and $247 of leveraged leases at March 31, 2023 and December 31, 2022, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2023 through 2028 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:
As of March 31, 2023 ($ in millions)Direct Financing
Leases		Sales-Type Leases
Remainder of 2023$145 388 
2024159 471 
2025113 409 
202695 239 
202758 177 
202818 108 
Thereafter37 82 
Total undiscounted cash flows$625 1,874 
Less: Difference between undiscounted cash flows and discounted cash flows43 146 
Present value of lease payments (recognized as lease receivables)$582 1,728