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Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease Income
The following table provides details on our income from lessor arrangements:

Table 66: Lessor Income

Year ended December 31
In millions202120202019
Sales-type and direct financing leases (a)$243 $269 $295 
Operating leases (b)75 95 117 
Lease income$318 $364 $412 
(a)Included in Loan interest income on the Consolidated Income Statement.
(b)Included in Corporate services on the Consolidated Income Statement.
Sales-Type and Direct Financing Leases
The following table provides the components of our equipment lease financing assets:

Table 67: Sales-Type and Direct Financing Leases
In millionsDecember 31
2021		December 31
2020
Lease receivables (a)$5,829 $6,246 
Unguaranteed residual asset values977 957 
Unearned income(677)(789)
Equipment lease financing $6,129 $6,414 
(a)In certain cases, PNC obtains third-party residual value insurance to reduce its residual risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $0.4 billion for both 2021 and 2020.
Future Minimum Lessor Receivable Arrangements
The future minimum lessor receivable arrangements at December 31, 2021 were as follows:

Table 68: Future Minimum Lessor Receivable Arrangements
In millionsOperating LeasesSales-type and Direct Financing Leases
2022$81 $1,480 
202344 1,154 
202430 1,038 
202523 649 
202618 394 
2027 and thereafter 27 1,114 
Total future minimum lease receivable arrangements $223 $5,829 
Future Minimum Lease Payments of Lessor Arrangements
The future minimum lessor receivable arrangements at December 31, 2021 were as follows:

Table 68: Future Minimum Lessor Receivable Arrangements
In millionsOperating LeasesSales-type and Direct Financing Leases
2022$81 $1,480 
202344 1,154 
202430 1,038 
202523 649 
202618 394 
2027 and thereafter 27 1,114 
Total future minimum lease receivable arrangements $223 $5,829 
Operating Lease Costs and Cash Flows
Table 69 and 70 provide details on our operating leases:

Table 69: Operating Lease Costs and Cash Flows

Year ended December 31
In millions 202120202019
Operating lease cost (a)$386 $358 $360 
Operating cash flows$400 $360 $353 
(a)Included in Occupancy, Equipment and Marketing expense on the Consolidated Income Statement.
Operating Lease Assets and Liabilities
Table 70: Operating Lease Assets and Liabilities

In millionsDecember 31
2021		December 31
2020
Operating lease assets (a)$1,919 $1,876 
Operating lease liabilities (b)$2,220 $2,097 
(a)Included in Other assets on the Consolidated Balance Sheet.
(b)Included in Accrued expenses and other liabilities on the Consolidated Balance Sheet.
Operating Lease Term and Discount Rates of Lessee Arrangements
Operating lease term and discount rates of our lessee arrangements at December 31, 2021 and 2020 were as follows:

Table 71: Operating Lease Term and Discount Rates of Lessee Arrangements
December 31
2021		December 31
2020
Weighted-average remaining lease term (years)88
Weighted-average discount rate1.99 %2.21 %
Future Lease Payments for Operating Lease Liability Arrangements
The future lease payments based on maturity for our lessee liability arrangements at December 31, 2021 are as follows:

Table 72: Future Lease Payments for Operating Lease Liability Arrangements
In millionsDecember 31, 2021
2022$416 
2023389 
2024330 
2025285 
2026231 
2027 and thereafter 761 
Total future lease payments$2,412 
Less: Interest192 
Present value of operating lease liability arrangements$2,220