ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Summary of Changes in Allowance for Credit Losses by Loan and Lease Class

Following is a summary of changes in the allowance for credit losses, by loan and lease class:

TABLE 5.1

(in millions)	Balance at Beginning of Period		Charge- Offs			Recoveries		Net Charge- Offs			Provision for Credit Losses			Balance at End of Period
Three Months Ended June 30, 2019
Commercial real estate	$	57	$	(1	)	$	1	$	—		$	4		$	61
Commercial and industrial	52		(3		)	1		(2		)	2			52
Commercial leases	8		—			—		—			1			9
Other	2		(1		)	—		(1		)	—			1
Total commercial loans and leases	119		(5		)	2		(3		)	7			123
Direct installment	12		—			—		—			1			13
Residential mortgages	19		(1		)	—		(1		)	2			20
Indirect installment	17		(2		)	1		(1		)	2			18
Consumer lines of credit	10		(1		)	—		(1		)	—			9
Total consumer loans	58		(4		)	1		(3		)	5			60
Total allowance on originated loans and leases	177		(9		)	3		(6		)	12			183
Purchased credit-impaired loans	1		—			—		—			—			1
Other acquired loans	8		(4		)	1		(3		)	(1		)	4
Total allowance on acquired loans	9		(4		)	1		(3		)	(1		)	5
Total allowance for credit losses	$	186	$	(13	)	$	4	$	(9	)	$	11		$	188
Six Months Ended June 30, 2019
Commercial real estate	$	55	$	(2	)	$	1	$	(1	)	$	7		$	61
Commercial and industrial	49		(4		)	2		(2		)	5			52
Commercial leases	8		—			—		—			1			9
Other	2		(2		)	—		(2		)	1			1
Total commercial loans and leases	114		(8		)	3		(5		)	14			123
Direct installment	14		(1		)	—		(1		)	—			13
Residential mortgages	20		(1		)	—		(1		)	1			20
Indirect installment	15		(5		)	2		(3		)	6			18
Consumer lines of credit	10		(1		)	—		(1		)	—			9
Total consumer loans	59		(8		)	2		(6		)	7			60
Total allowance on originated loans and leases	173		(16		)	5		(11		)	21			183
Purchased credit-impaired loans	1		—			—		—			—			1
Other loans acquired in a business combination	6		(7		)	1		(6		)	4			4
Total allowance on loans acquired in a business combination	7		(7		)	1		(6		)	4			5
Total allowance for credit losses	$	180	$	(23	)	$	6	$	(17	)	$	25		$	188

(in millions)	Balance at Beginning of Period		Charge- Offs			Recoveries		Net Charge- Offs			Provision for Credit Losses		Balance at End of Period
Three Months Ended June 30, 2018
Commercial real estate	$	54	$	(5	)	$	1	$	(4	)	$	—	$	50
Commercial and industrial	53		(6		)	1		(5		)	6		54
Commercial leases	6		—			—		—			1		7
Other	2		(2		)	—		(2		)	2		2
Total commercial loans and leases	115		(13		)	2		(11		)	9		113
Direct installment	20		(3		)	1		(2		)	3		21
Residential mortgages	15		—			—		—			—		15
Indirect installment	12		(2		)	1		(1		)	3		14
Consumer lines of credit	10		(1		)	—		(1		)	1		10
Total consumer loans	57		(6		)	2		(4		)	7		60
Total allowance on originated loans and leases	172		(19		)	4		(15		)	16		173
Purchased credit-impaired loans	1		—			—		—			—		1
Other acquired loans	6		(4		)	1		(3		)	—		3
Total allowance on acquired loans	7		(4		)	1		(3		)	—		4
Total allowance for credit losses	$	179	$	(23	)	$	5	$	(18	)	$	16	$	177
Six Months Ended June 30, 2018
Commercial real estate	$	50	$	(4	)	$	1	$	(3	)	$	3	$	50
Commercial and industrial	52		(12		)	1		(11		)	13		54
Commercial leases	5		—			—		—			2		7
Other	2		(3		)	1		(2		)	2		2
Total commercial loans and leases	109		(19		)	3		(16		)	20		113
Direct installment	21		(6		)	1		(5		)	5		21
Residential mortgages	16		(1		)	—		(1		)	—		15
Indirect installment	12		(4		)	2		(2		)	4		14
Consumer lines of credit	10		(1		)	—		(1		)	1		10
Total consumer loans	59		(12		)	3		(9		)	10		60
Total allowance on originated loans and leases	168		(31		)	6		(25		)	30		173
Purchased credit-impaired loans	1		—			—		—			—		1
Other loans acquired in a business combination	6		(5		)	2		(3		)	—		3
Total allowance on loans acquired in a business combination	7		(5		)	2		(3		)	—		4
Total allowance for credit losses	$	175	$	(36	)	$	8	$	(28	)	$	30	$	177

Summary of Individual and Collective Allowance for Credit Losses and Loan and Lease Balances by Class

Following is a summary of the individual and collective allowance for credit losses and corresponding loan and lease balances by class:

TABLE 5.2

	Allowance				Loans and Leases Outstanding
(in millions)	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Loans and Leases		Individually Evaluated for Impairment		Collectively Evaluated for Impairment
June 30, 2019
Commercial real estate	$	2	$	59	$	6,601	$	14	$	6,587
Commercial and industrial	1		51		4,708		7		4,701
Commercial leases	—		9		385		—		385
Other	—		1		37		—		37
Total commercial loans and leases	3		120		11,731		21		11,710
Direct installment	—		13		1,679		—		1,679
Residential mortgages	—		20		2,573		—		2,573
Indirect installment	—		18		1,968		—		1,968
Consumer lines of credit	—		9		1,099		—		1,099
Total consumer loans	—		60		7,319		—		7,319
Total	$	3	$	180	$	19,050	$	21	$	19,029
December 31, 2018
Commercial real estate	$	—	$	55	$	6,171	$	7	$	6,164
Commercial and industrial	4		49		4,140		11		4,129
Commercial leases	—		9		373		—		373
Other	—		2		46		—		46
Total commercial loans and leases	4		115		10,730		18		10,712
Direct installment	—		14		1,668		—		1,668
Residential mortgages	—		19		2,612		—		2,612
Indirect installment	—		15		1,933		—		1,933
Consumer lines of credit	—		10		1,119		—		1,119
Total consumer loans	—		58		7,332		—		7,332
Total	$	4	$	173	$	18,062	$	18	$	18,044

The above table excludes loans acquired in a business combination that were pooled into groups of loans for evaluating impairment.