Leases

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Leases

LEASESPNC’s lessor arrangements primarily consist of direct financing, sales-type and operating 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. For more information on lease accounting, see Note 1 Accounting Policies and Note 7 Leases in our 2022 Form 10-K.

Table 57: Lessor Income

	Three months ended September 30				Nine months ended September 30
In millions	2023		2022		2023		2022
Sales-type and direct financing leases (a)	$	76	$	61	$	219	$	177
Operating leases (b)	9		15		40		48
Lease income	$	85	$	76	$	259	$	225

(a)Included in Loans interest income on the Consolidated Income Statement.

(b)Included in Lending and deposit services on the Consolidated Income Statement.

Leases

LEASESPNC’s lessor arrangements primarily consist of direct financing, sales-type and operating 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. For more information on lease accounting, see Note 1 Accounting Policies and Note 7 Leases in our 2022 Form 10-K.

Table 57: Lessor Income

	Three months ended September 30				Nine months ended September 30
In millions	2023		2022		2023		2022
Sales-type and direct financing leases (a)	$	76	$	61	$	219	$	177
Operating leases (b)	9		15		40		48
Lease income	$	85	$	76	$	259	$	225

(a)Included in Loans interest income on the Consolidated Income Statement.

(b)Included in Lending and deposit services on the Consolidated Income Statement.