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Loans and Leases (Tables)
 9 Months Ended
Sep. 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)		September 30,
2023		December 31,
2022
Loans and leases held for sale:
Commercial and industrial loans$29 73 
Commercial construction loans52 — 
Residential mortgage loans533 934 
Total loans and leases held for sale$614 1,007 
Portfolio loans and leases:
Commercial and industrial loans$55,790 57,232 
Commercial mortgage loans11,122 11,020 
Commercial construction loans5,582 5,433 
Commercial leases2,624 2,704 
Total commercial loans and leases$75,118 76,389 
Residential mortgage loans$17,293 17,628 
Home equity3,898 4,039 
Indirect secured consumer loans15,434 16,552 
Credit card1,817 1,874 
Other consumer loans6,528 4,998 
Total consumer loans$44,970 45,091 
Total portfolio loans and leases$120,088 121,480 
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)		September 30,
2023		December 31,
2022		September 30,
2023		December 31,
2022
Commercial and industrial loans$55,819 57,305 3 11 
Commercial mortgage loans11,122 11,020 — — 
Commercial construction loans5,634 5,433 — — 
Commercial leases2,624 2,704 — 2 
Residential mortgage loans17,826 18,562 6 7 
Home equity3,898 4,039 — 1 
Indirect secured consumer loans15,434 16,552 — — 
Credit card1,817 1,874 20 18 
Other consumer loans6,528 4,998 — 1 
Total loans and leases$120,702 122,487 29 40 
Less: Loans and leases held for sale614 1,007 
Total portfolio loans and leases$120,088 121,480 
(a)Excludes government guaranteed residential mortgage loans.

The following table presents a summary of net charge-offs (recoveries):
For the three months ended
September 30,		For the nine months ended
September 30,
($ in millions)2023202220232022
Commercial and industrial loans$65 34 127 76 
Commercial mortgage loans— — — (1)
Commercial construction loans— (1)1 2 
Commercial leases(1)(1)(1)(1)
Residential mortgage loans— (1)— (2)
Home equity— (1)1 (2)
Indirect secured consumer loans19 10 48 23 
Credit card15 12 46 39 
Other consumer loans26 10 70 25 
Total net charge-offs$124 62 292 159 
Investment in Lease Financing
The following table presents the components of the net investment in portfolio leases as of:
($ in millions)(a)
September 30,
2023		December 31,
2022
Net investment in direct financing leases:
Lease payment receivable (present value)$591 570 
Unguaranteed residual assets (present value)99 107 
Net investment in sales-type leases:
Lease payment receivable (present value)1,605 1,704 
Unguaranteed residual assets (present value)81 76 
(a)Excludes $248 and $247 of leveraged leases at September 30, 2023 and December 31, 2022, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2023 through 2028 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:
As of September 30, 2023 ($ in millions)Direct Financing
Leases		Sales-Type Leases
Remainder of 2023$65 130 
2024170 501 
2025137 438 
2026116 261 
202773 199 
202832 126 
Thereafter48 96 
Total undiscounted cash flows$641 1,751 
Less: Difference between undiscounted cash flows and discounted cash flows50 146 
Present value of lease payments (recognized as lease receivables)$591 1,605