ALLOWANCE FOR CREDIT LOSSES (Tables)

12 Months Ended

Dec. 31, 2023

Credit Loss [Abstract]

Allowance Roll-forward

The following table presents ACL activity by portfolio segment.

(dollar amounts in millions)	Commercial		Consumer		Total
Year Ended December 31, 2023:
ALLL balance, beginning of period	$	1,424	$	697	$	2,121
Loan and lease charge-offs	(270)		(184)		(454)
Recoveries of loans and leases previously charged-off	112		69		181
Provision for loan and lease losses	297		110		407
ALLL balance, end of period	$	1,563	$	692	$	2,255
AULC balance, beginning of period	$	71	$	79	$	150
Benefit for unfunded lending commitments	(5)		—		(5)
AULC balance, end of period	$	66	$	79	$	145
ACL balance, end of period	$	1,629	$	771	$	2,400
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