XML 134 R43.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease Income
The following table provides details on our income from lessor arrangements:

Table 67: Lessor Income

Year ended December 31
In millions202220212020
Sales-type and direct financing leases (a)$243 $243 $269 
Operating leases (b)63 75 95 
Lease income$306 $318 $364 
(a)Included in Loans interest income on the Consolidated Income Statement.
(b)Included in Lending and deposit 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 68: Sales-Type and Direct Financing Leases
In millionsDecember 31, 2022December 31, 2021
Lease receivables $5,853 $5,829 
Unguaranteed residual asset values (a)1,422 977 
Unearned income(761)(677)
Equipment lease financing $6,514 $6,129 
(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 2022 and 2021.
Future Minimum Lessor Receivable Arrangements
The future minimum lessor receivable arrangements at December 31, 2022 were as follows:

Table 69: Future Minimum Lessor Receivable Arrangements
In millionsOperating LeasesSales-type and Direct Financing Leases
2023$46 $1,474 
202437 1,256 
202528 890 
202621 621 
202711 609 
2028 and thereafter 16 1,003 
Total future minimum lease receivable arrangements $159 $5,853 
Future Minimum Lease Payments of Lessor Arrangements
The future minimum lessor receivable arrangements at December 31, 2022 were as follows:

Table 69: Future Minimum Lessor Receivable Arrangements
In millionsOperating LeasesSales-type and Direct Financing Leases
2023$46 $1,474 
202437 1,256 
202528 890 
202621 621 
202711 609 
2028 and thereafter 16 1,003 
Total future minimum lease receivable arrangements $159 $5,853 
Operating Lease Costs and Cash Flows
Tables 70 and 71 provide details on our operating leases:

Table 70: Operating Lease Costs and Cash Flows

Year ended December 31
In millions 202220212020
Operating lease cost (a)$395 $386 $358 
Operating cash flows$434 $400 $360 
(a)Included in Occupancy, Equipment and Marketing expense on the Consolidated Income Statement.
Operating Lease Assets and Liabilities
Table 71: Operating Lease Assets and Liabilities

In millionsDecember 31, 2022December 31, 2021
Operating lease assets (a)$1,857 $1,919 
Operating lease liabilities (b)$2,160 $2,220 
(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, 2022 and 2021 were as follows:

Table 72: Operating Lease Term and Discount Rates of Lessee Arrangements
December 31, 2022December 31, 2021
Weighted-average remaining lease term (years)78
Weighted-average discount rate2.24 %1.99 %
Future Lease Payments for Operating Lease Liability Arrangements
The future lease payments based on maturity for our lessee liability arrangements at December 31, 2022 are as follows:

Table 73: Future Lease Payments for Operating Lease Liability Arrangements
In millionsDecember 31, 2022
2023$428 
2024385 
2025343 
2026291 
2027247 
2028 and thereafter 657 
Total future lease payments$2,351 
Less: Interest191 
Present value of operating lease liability arrangements$2,160