Leases

6 Months Ended

Jun. 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 June 30				Six months ended June 30
In millions	2020		2019		2020		2019
Product
Sales-type leases and direct financing leases	$	70	$	77	$	141	$	151
Operating leases	25		30		52		61
Lessor Income	$	95	$	107	$	193	$	212

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 June 30				Six months ended June 30
In millions	2020		2019		2020		2019
Product
Sales-type leases and direct financing leases	$	70	$	77	$	141	$	151
Operating leases	25		30		52		61
Lessor Income	$	95	$	107	$	193	$	212