Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Fair Value, Off-balance Sheet Risks

The accompanying table summarizes credit-related commitments and other purchase and funding commitments:

dollars in millions	September 30, 2022		December 31, 2021
Financing Commitments
Financing assets (excluding leases)	$	23,373	$	13,011
Letters of Credit
Standby letters of credit	412		92
Other letters of credit	47		24
Deferred Purchase Agreements	2,152		—
Purchase and Funding Commitments(1)	922		—

(1) BancShares’ purchase and funding commitments relate to the equipment leasing businesses’ commitments to fund finance leases and operating leases, and Rail’s railcar manufacturer purchase and upgrade commitments.