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Loans and Leases (Tables)
 6 Months Ended
Jun. 30, 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)		June 30,
2023		December 31,
2022
Loans and leases held for sale:
Commercial and industrial loans$29 73 
Commercial leases3 — 
Residential mortgage loans728 934 
Total loans and leases held for sale$760 1,007 
Portfolio loans and leases:
Commercial and industrial loans$56,897 57,232 
Commercial mortgage loans11,310 11,020 
Commercial construction loans5,475 5,433 
Commercial leases2,670 2,704 
Total commercial loans and leases$76,352 76,389 
Residential mortgage loans$17,503 17,628 
Home equity3,911 4,039 
Indirect secured consumer loans16,097 16,552 
Credit card1,818 1,874 
Other consumer loans6,210 4,998 
Total consumer loans$45,539 45,091 
Total portfolio loans and leases$121,891 121,480 
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)		June 30,
2023		December 31,
2022		June 30,
2023		December 31,
2022
Commercial and industrial loans$56,926 57,305 6 11 
Commercial mortgage loans11,310 11,020 20 — 
Commercial construction loans5,475 5,433 — — 
Commercial leases2,673 2,704 — 2 
Residential mortgage loans18,231 18,562 7 7 
Home equity3,911 4,039 1 1 
Indirect secured consumer loans16,097 16,552 — — 
Credit card1,818 1,874 17 18 
Other consumer loans6,210 4,998 — 1 
Total loans and leases$122,651 122,487 51 40 
Less: Loans and leases held for sale760 1,007 
Total portfolio loans and leases$121,891 121,480 
(a)Excludes government guaranteed residential mortgage loans.

The following table presents a summary of net charge-offs (recoveries):
For the three months ended
June 30,		For the six months ended
June 30,
($ in millions)2023202220232022
Commercial and industrial loans$32 33 62 42 
Commercial mortgage loans— — — (1)
Commercial construction loans— 3 1 3 
Residential mortgage loans— (1)— (1)
Home equity1 — — (1)
Indirect secured consumer loans16 5 29 13 
Credit card16 14 31 27 
Other consumer loans25 8 45 14 
Total net charge-offs$90 62 168 96 
Investment in Lease Financing
The following table presents the components of the net investment in portfolio leases as of:
($ in millions)(a)
June 30,
2023		December 31,
2022
Net investment in direct financing leases:
Lease payment receivable (present value)$594 570 
Unguaranteed residual assets (present value)111 107 
Net investment in sales-type leases:
Lease payment receivable (present value)1,638 1,704 
Unguaranteed residual assets (present value)78 76 
(a)Excludes $249 and $247 of leveraged leases at June 30, 2023 and December 31, 2022, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2023 through 2028 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:
As of June 30, 2023 ($ in millions)Direct Financing
Leases		Sales-Type Leases
Remainder of 2023$110 250 
2024169 480 
2025124 419 
2026106 247 
202766 185 
202825 113 
Thereafter40 84 
Total undiscounted cash flows$640 1,778 
Less: Difference between undiscounted cash flows and discounted cash flows46 140 
Present value of lease payments (recognized as lease receivables)$594 1,638