Leases

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Leases

LEASES

PNC's lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. Lease income from sales-type and direct financing leases is included in Loan interest income and operating lease income is included in Corporate services on our Consolidated Income Statement. For more information on lease accounting see Note 1 Accounting Policies and Note 24 Leases in our 2019 Form 10-K.

Table 60: Lessor Income

	Three months ended September 30				Nine months ended September 30
In millions	2020		2019		2020		2019
Product
Sales-type leases and direct financing leases	$	66	$	72	$	207	$	223
Operating leases	22		29		74		90
Lessor Income	$	88	$	101	$	281	$	313

Leases

LEASES

PNC's lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. Lease income from sales-type and direct financing leases is included in Loan interest income and operating lease income is included in Corporate services on our Consolidated Income Statement. For more information on lease accounting see Note 1 Accounting Policies and Note 24 Leases in our 2019 Form 10-K.

Table 60: Lessor Income

	Three months ended September 30				Nine months ended September 30
In millions	2020		2019		2020		2019
Product
Sales-type leases and direct financing leases	$	66	$	72	$	207	$	223
Operating leases	22		29		74		90
Lessor Income	$	88	$	101	$	281	$	313