Other Assets and Other Liabilities

12 Months Ended

Dec. 31, 2019

Other Assets And Other Liabilities [Abstract]

Other Assets and Other Liabilities

NOTE 9 – Other Assets and Other Liabilities

The components of other assets are as follows:

As of December 31 (in millions)	2019		2018
Affordable housing investments (note 13)	$	383.9	$	304.1
Fair value of derivative financial instruments (notes 20 and 22)	341.0		103.0
Lease ROU assets (note 6)	279.2		—
Leased equipment	191.3		189.0
Accrued interest receivable	156.1		138.2
Funded status of defined benefit pension plans (note 18)	121.4		78.0
Loan disbursements in process	65.8		17.9
Current income tax receivable (note 13)	51.7		31.4
Assets held in trust for supplemental retirement plans (note 18)	51.0		56.4
Net deferred tax asset (note 13)	33.6		11.4
Other prepaid expenses	32.6		27.5
Economic development investments	29.2		26.2
Investment in joint venture	16.3		17.2
Receivables arising from securities brokerage and insurance businesses	13.0		26.4
REO:
Residential	11.9		5.5
Commercial	7.3		8.7
Mortgage servicing rights	10.6		—
Repossessed assets	4.2		3.9
Other	52.9		46.8
Total other assets	$	1,853.0	$	1,091.6

The components of other liabilities are as follows:

As of December 31 (in millions)	2019		2018
Lease liabilities (note 6)	$	313.2	$	—
Future contingent commitments for affordable housing investments (note 13)	141.1		119.7
Accrued expenses payable	104.3		87.9
Fair value of derivative financial instruments (notes 20 and 22)	96.2		139.0
Liabilities for supplemental retirement plans (note 18)	84.4		86.6
Accrued employee benefits	74.8		66.6
Accrued interest payable	21.7		25.4
Loan payments in process	18.8		51.2
Other postretirement plans (note 18)	18.7		15.3
Payables arising from securities brokerage and insurance businesses	9.6		29.7
Other	22.7		73.8
Total other liabilities	$	905.5	$	695.2