ALLOWANCE FOR CREDIT LOSSES (Tables)

12 Months Ended

Dec. 31, 2022

The following table presents ACL activity by portfolio segment.


(dollar amounts in millions)	Commercial		Consumer		Total
Year ended December 31, 2022:
ALLL balance, beginning of period	$	1,462	$	568	$	2,030

Loan and lease charge-offs	(129)		(184)		(313)
Recoveries of loans and leases previously charged-off	114		78		192
Provision (benefit) for loan and lease losses	(23)		235		212


ALLL balance, end of period	$	1,424	$	697	$	2,121
AULC balance, beginning of period	$	41	$	36	$	77

Provision for unfunded lending commitments	30		43		73

AULC balance, end of period	$	71	$	79	$	150
ACL balance, end of period	$	1,495	$	776	$	2,271

Year ended December 31, 2021:
ALLL balance, beginning of period	$	1,236	$	578	$	1,814

Loan and lease charge-offs	(243)		(139)		(382)
Recoveries of loans and leases previously charged-off	83		84		167
Provision (benefit) for loan and lease losses	12		(13)		(1)
Allowance on PCD loans and leases at acquisition	374		58		432
ALLL balance, end of period	$	1,462	$	568	$	2,030
AULC balance, beginning of period	$	34	$	18	$	52

Provision for unfunded lending commitments	8		18		26
Unfunded lending commitment losses	(1)		—		(1)
AULC balance, end of period	$	41	$	36	$	77
ACL balance, end of period	$	1,503	$	604	$	2,107

Year ended December 31, 2020:
ALLL balance, beginning of period	$	552	$	231	$	783
Cumulative-effect of change in accounting principle for financial instruments - credit losses (1)	180		211		391
Loan and lease charge-offs	(374)		(166)		(540)
Recoveries of loans and leases previously charged-off	32		59		91
Provision for loan and lease losses	846		243		1,089

ALLL balance, end of period	$	1,236	$	578	$	1,814
AULC balance, beginning of period	$	102	$	2	$	104
Cumulative-effect of change in accounting principle for financial instruments - credit losses (1)	(38)		40		2
Provision (benefit) for unfunded lending commitments	(17)		(24)		(41)
Unfunded lending commitment losses	(13)		—		(13)
AULC balance, end of period	$	34	$	18	$	52
ACL balance, end of period	$	1,270	$	596	$	1,866

(1)Relates to day one impact of the CECL adjustment as a result of the implementation of ASU 2016-13.