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LOANS AND LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Schedule of loans and leases
The following table presents loans and leases, excluding LHFS:
December 31,
(dollars in millions)20232022
Commercial and industrial$43,826 $51,836 
Commercial real estate29,471 28,865 
Leases1,148 1,479 
Total commercial74,445 82,180 
Residential mortgages31,332 29,921 
Home equity15,040 14,043 
Automobile8,258 12,292 
Education11,834 12,808 
Other retail 5,050 5,418 
Total retail71,514 74,482 
Total loans and leases$145,959 $156,662 
The following table presents the composition of LHFS:
December 31, 2023December 31, 2022
(dollars in millions)
Residential Mortgages(1)
Commercial(2)
Total
Residential Mortgages(1)
Commercial(2)
Total
Loans held for sale at fair value$614 $62 $676 $666 $108 $774 
Other loans held for sale— 103 103 — 208 208 
(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:
(dollars in millions)December 31, 2023December 31, 2022
Total future minimum lease rentals$942 $1,193 
Estimated residual value of leased equipment (non-guaranteed)322 413 
Initial direct costs5 5 
Unearned income(121)(132)
Total leases$1,148 $1,479 
Maturity analysis of direct financing lease receivables
A maturity analysis of direct financing and sales-type lease receivables at December 31, 2023 is presented below:
Year
(dollars in millions)
2024$258 
2025213 
2026156 
2027133 
202884 
Thereafter98 
Total undiscounted future minimum lease rentals$942