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LOANS AND LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Schedule of loans and leases
The following table presents loans and leases, excluding LHFS:
December 31,
(in millions)20222021
Commercial and industrial$51,836 $44,500 
Commercial real estate28,865 14,264 
Leases1,479 1,586 
Total commercial82,180 60,350 
Residential mortgages29,921 22,822 
Home equity14,043 12,015 
Automobile12,292 14,549 
Education12,808 12,997 
Other retail 5,418 5,430 
Total retail74,482 67,813 
Total loans and leases$156,662 $128,163 
The following table presents the composition of LHFS:
December 31, 2022December 31, 2021
(in millions)
Residential Mortgages(1)
Commercial(2)
Total
Residential Mortgages(1)
Commercial(2)
Total
Loans held for sale at fair value$666 $108 $774 $2,657 $76 $2,733 
Other loans held for sale— 208 208 — 735 735 
(1) Residential mortgage LHFS are originated for sale.
(2) Commercial LHFS at fair value consist of loans managed by the Company’s commercial secondary loan desk. Other commercial LHFS primarily consist of loans associated with the Company’s syndication business.
Schedule of investment in leases, before the ALLL
The components of the net investment in direct financing and sales-type leases, before ALLL, are presented below:
(in millions)December 31, 2022December 31, 2021
Total future minimum lease rentals$1,193 $1,195 
Estimated residual value of leased equipment (non-guaranteed)413 521 
Initial direct costs5 6 
Unearned income(132)(136)
Total leases$1,479 $1,586 
Maturity analysis of direct financing lease receivables
A maturity analysis of direct financing and sales-type lease receivables at December 31, 2022 is presented below:
(in millions)
2023$334 
2024247 
2025193 
2026144 
2027122 
Thereafter153 
Total undiscounted future minimum lease rentals$1,193