Leases

9 Months Ended

Sep. 30, 2021

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 the Notes to Consolidated Financial Statements included in Item 8 of our 2020 Form 10-K.

Table 63: Lessor Income

	Three months ended September 30				Nine months ended September 30
In millions	2021		2020		2021		2020
Product
Sales-type leases and direct financing leases (a)	$	61	$	66	$	184	$	207
Operating leases (b)	18		22		58		74
Lessor income	$	79	$	88	$	242	$	281

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

(b)Included in Corporate 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 the Notes to Consolidated Financial Statements included in Item 8 of our 2020 Form 10-K.

Table 63: Lessor Income

	Three months ended September 30				Nine months ended September 30
In millions	2021		2020		2021		2020
Product
Sales-type leases and direct financing leases (a)	$	61	$	66	$	184	$	207
Operating leases (b)	18		22		58		74
Lessor income	$	79	$	88	$	242	$	281

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

(b)Included in Corporate services on the Consolidated Income Statement.