Asset Quality (Tables)

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Nonperforming Assets and Past Due Loans

Our nonperforming assets and past due loans were as follows:

December 31,
in millions	2016		2015
Total nonperforming loans (a)	$	625	$	387
OREO (b)	51		14
Other nonperforming assets	—		2
Total nonperforming assets	$	676	$	403
Nonperforming assets from discontinued operations — education lending (c)	$	5	$	7
TDRs included in nonperforming loans	141		159
TDRs with an allocated specific allowance (d)	59		69
Specifically allocated allowance for TDRs (e)	27		30
Accruing loans past due 90 days or more	$	87	$	72
Accruing loans past due 30 through 89 days	404		208

(a) Loan balances exclude $865 million and $11 million of PCI loans at December 31, 2016, and December 31, 2015, respectively.

(b) Includes carrying value of foreclosed residential real estate of approximately $29 million and $11 million at December 31, 2016, and December 31, 2015, respectively.

(c) TDRs of approximately $22 million and $21 million are included in discontinued operations at December 31, 2016, and December 31, 2015, respectively. See Note 14 (“Acquisition, Divestiture, and Discontinued Operations”) for further discussion.

(d) Included in individually impaired loans allocated a specific allowance.

(e) Included in allowance for individually evaluated impaired loans.

Information About Acquired Loan Portfolio as of Acquisition Date

The following table presents the PCI loans receivable balance at the First Niagara Acquisition Date:

August 1, 2016	PCI
in millions
Contractual required payments receivable	$	1,378
Nonaccretable difference	189
Expected cash flows	1,189
Accretable yield	205
Fair Value	$	984

Schedule of Changes in Outstanding Unpaid Principal Balance, Carrying Amount, and Accretable Yield

	Twelve Months Ended December 31,
	2016							2015
in millions	Accretable Yield			Carrying Amount		Outstanding Unpaid Principal Balance		Accretable Yield			Carrying Amount		Outstanding Unpaid Principal Balance
Balance at beginning of period	$	5		$	11	$	17	$	5		$	13	$	20
Additions	205							—
Accretion	(29		)					(1		)
Net reclassifications from non-accretable to accretable	35							1
Payments received, net	(19		)					—
Disposals	—							—
Balance at end of period	$	197		$	865	$	1,002	$	5		$	11	$	17

	Twelve Months Ended December 31,
	2014
in millions	Accretable Yield			Carrying Amount		Outstanding Unpaid Principal Balance
Balance at beginning of period	$	5		$	16	$	24
Additions	—
Accretion	(2		)
Net reclassifications from non-accretable to accretable	2
Payments received, net	—
Disposals	—
Balance at end of period	$	5		$	13	$	20

Breakdown of Individually Impaired Loans

The following tables set forth a further breakdown of individually impaired loans as of December 31, 2016, and December 31, 2015:

December 31, 2016	Recorded   Investment (a)		Unpaid Principal Balance (b)		Specific   Allowance
in millions
With no related allowance recorded:
Commercial, financial and agricultural	$	222	$	301	—
Commercial real estate:
Commercial mortgage	2		3		—
Construction	—		—		—
Total commercial real estate loans	2		3		—
Total commercial loans	224		304		—
Real estate — residential mortgage	20		20		—
Home equity loans	61		61		—
Consumer indirect loans	1		1		—
Total consumer loans	82		82		—
Total loans with no related allowance recorded	306		386		—
With an allowance recorded:
Commercial, financial and agricultural	62		73		$	17
Commercial real estate:
Commercial mortgage	4		4		—
Total commercial real estate loans	4		4		—
Total commercial loans	66		77		17
Real estate — residential mortgage	31		31		2
Home equity loans	64		64		18
Consumer direct loans	2		3		—
Credit cards	3		3		—
Consumer indirect loans	29		29		1
Total consumer loans	129		130		21
Total loans with an allowance recorded	195		207		38
Total	$	501	$	593	$	38

(a) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on our consolidated balance sheet.

(b) The Unpaid Principal Balance represents the customer’s legal obligation to us.

December 31, 2015	Recorded Investment (a)		Unpaid Principal Balance (b)		Specific   Allowance
in millions
With no related allowance recorded:
Commercial, financial and agricultural	$	40	$	74	—
Commercial real estate:
Commercial mortgage	5		8		—
Construction	5		5		—
Total commercial real estate loans	10		13		—
Total commercial loans	50		87		—
Real estate — residential mortgage	23		23		—
Home equity loans	61		61		—
Consumer indirect loans	1		1		—
Total consumer loans	85		85		—
Total loans with no related allowance recorded	135		172		—
With an allowance recorded:
Commercial, financial and agricultural	28		43		$	7
Commercial real estate:
Commercial mortgage	5		6		1
Total commercial real estate loans	5		6		1
Total commercial loans	33		49		8
Real estate — residential mortgage	33		33		4
Home equity loans	64		64		20
Consumer direct loans	3		3		—
Credit cards	3		3		—
Consumer indirect loans	37		37		3
Total consumer loans	140		140		27
Total loans with an allowance recorded	173		189		35
Total	$	308	$	361	$	35

(a) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on our consolidated balance sheet.

(b) The Unpaid Principal Balance represents the customer’s legal obligation to us.

The following table sets forth a further breakdown of average individually impaired loans reported by Key:

Average Recorded Investment (a)	Twelve Months Ended December 31,
in millions	2016		2015		2014
Commercial, financial and agricultural	$	176	$	56	$	46
Commercial real estate:
Commercial mortgage	8		15		24
Construction	3		7		29
Total commercial real estate loans	11		22		53
Total commercial loans	187		78		99
Real estate — residential mortgage	53		55		55
Home equity loans	125		122		117
Consumer direct loans	3		4		4
Credit cards	3		4		5
Consumer indirect loans	34		42		50
Total consumer loans	218		227		231
Total	$	405	$	305	$	330

(a) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on our consolidated balance sheet.

Breakdown of Nonperforming TDRs by Loans Category

A further breakdown of TDRs included in nonperforming loans by loan category as of December 31, 2016, follows:

December 31, 2016	Number   of Loans	Pre-modification   Outstanding   Recorded   Investment		Post-modification   Outstanding   Recorded   Investment
dollars in millions
LOAN TYPE
Nonperforming:
Commercial, financial and agricultural	18	$	91	$	50
Commercial real estate:
Real estate — commercial mortgage	7	2		1
Total commercial real estate loans	7	2		1
Total commercial loans	25	93		51
Real estate — residential mortgage	264	16		16
Home equity loans	1,199	77		69
Consumer direct loans	32	1		—
Credit cards	336	2		2
Consumer indirect loans	124	4		3
Total consumer loans	1,955	100		90
Total nonperforming TDRs	1,980	193		141
Prior-year accruing: (a)
Commercial, financial and agricultural	5	30		16
Total commercial loans	5	30		16
Real estate — residential mortgage	477	35		35
Home equity loans	1,231	70		57
Consumer direct loans	35	2		2
Credit cards	410	3		1
Consumer indirect loans	377	56		28
Total consumer loans	2,530	166		123
Total prior-year accruing TDRs	2,535	196		139
Total TDRs	4,515	$	389	$	280

(a) All TDRs that were restructured prior to January 1, 2016, and are fully accruing.

A further breakdown of TDRs included in nonperforming loans by loan category as of December 31, 2015, follows:

December 31, 2015	Number   of Loans	Pre-modification   Outstanding   Recorded   Investment		Post-modification   Outstanding   Recorded   Investment
dollars in millions
LOAN TYPE
Nonperforming:
Commercial, financial and agricultural	12	$	56	$	45
Commercial real estate:
Real estate — commercial mortgage	12	30		7
Total commercial real estate loans	12	30		7
Total commercial loans	24	86		52
Real estate — residential mortgage	366	23		23
Home equity loans	1,262	85		76
Consumer direct loans	28	1		1
Credit cards	339	2		2
Consumer indirect loans	103	6		5
Total consumer loans	2,098	117		107
Total nonperforming TDRs	2,122	203		159
Prior-year accruing: (a)
Commercial, financial and agricultural	7	5		2
Total commercial loans	7	5		2
Real estate — residential mortgage	489	34		34
Home equity loans	1,071	57		49
Consumer direct loans	42	2		2
Credit cards	461	4		2
Consumer indirect loans	430	59		32
Total consumer loans	2,493	156		119
Total prior-year accruing TDRs	2,500	161		121
Total TDRs	4,622	$	364	$	280

(a) All TDRs that were restructured prior to January 1, 2015, and are fully accruing.

A further breakdown of TDRs included in nonperforming loans by loan category as of December 31, 2014, follows:

December 31, 2014	Number   of Loans	Pre-modification   Outstanding   Recorded   Investment		Post-modification   Outstanding   Recorded   Investment
dollars in millions
LOAN TYPE
Nonperforming:
Commercial, financial and agricultural	14	$	25	$	23
Commercial real estate:
Real estate — commercial mortgage	10	38		13
Real estate — construction	1	5		—
Total commercial real estate loans	11	43		13
Total commercial loans	25	68		36
Real estate — residential mortgage	453	27		27
Home equity loans	1,342	83		76
Consumer direct loans	37	2		1
Credit cards	290	2		2
Consumer indirect loans	244	18		15
Total consumer loans	2,366	132		121
Total nonperforming TDRs	2,391	200		157
Prior-year accruing: (a)
Commercial, financial and agricultural	20	6		3
Commercial real estate:
Real estate — commercial mortgage	1	2		1
Total commercial real estate loans	1	2		1
Total commercial loans	21	8		4
Real estate — residential mortgage	381	29		29
Home equity loans	984	50		44
Consumer direct loans	45	2		2
Credit cards	514	4		2
Consumer indirect loans	440	56		32
Total consumer loans	2,364	141		109
Total prior-year accruing TDRs	2,385	149		113
Total TDRs	4,776	$	349	$	270

(a) All TDRs that were restructured prior to January 1, 2014, and are fully accruing.

Post-Modification Outstanding Recorded Investment by Concession Type for Our Commercial Accruing and Nonaccruing TDRs

The following table shows the post-modification outstanding recorded investment by concession type for our commercial and consumer accruing and nonaccruing TDRs and other selected financial data.

	Twelve Months Ended December 31,
in millions	2016		2015		2014
Commercial loans:
Interest rate reduction	$	14	$	43	$	2
Forgiveness of principal	—		—		—
Other	23		—		19
Total	$	37	$	43	$	21
Consumer loans:
Interest rate reduction	$	10	$	19	$	29
Forgiveness of principal	3		4		1
Other	21		17		28
Total	$	34	$	40	$	58
Total commercial and consumer TDRs	$	71	$	83	$	79
Total loans	86,038		59,876		57,381

Past Due Loans Including Current Loans

The following aging analysis of past due and current loans as of December 31, 2016, and December 31, 2015, provides further information regarding Key’s credit exposure.

Aging Analysis of Loan Portfolio ^(a) 

December 31, 2016	Current		30-59 Days Past Due (b)		60-89 Days Past Due (b)		90 and  Greater Days Past Due (b)		Non-performing Loans		Total Past Due and Non-performing Loans		Purchased Credit Impaired		Total Loans (c), (d)
in millions
LOAN TYPE
Commercial, financial and agricultural	$	39,242	$	58	$	28	$	31	$	297	$	414	112		$	39,768
Commercial real estate:
Commercial mortgage	14,655		93		9		6		26		134		322		15,111
Construction	2,314		—		—		2		3		5		26		2,345
Total commercial real estate loans	16,969		93		9		8		29		139		348		17,456
Commercial lease financing	4,641		28		3		5		8		44		—		4,685
Total commercial loans	$	60,852	$	179	$	40	$	44	$	334	$	597	460		$	61,909
Real estate — residential mortgage	$	5,098	$	17	$	5	$	3	$	56	$	81	$	368	$	5,547
Home equity loans	12,327		49		29		16		223		317		30		12,674
Consumer direct loans	1,705		44		15		11		6		76		7		1,788
Credit cards	1,082		9		6		12		2		29		—		1,111
Consumer indirect loans	2,993		7		4		1		4		16		—		3,009
Total consumer loans	$	23,205	$	126	$	59	$	43	$	291	$	519	$	405	$	24,129
Total loans	$	84,057	$	305	$	99	$	87	$	625	$	1,116	$	865	$	86,038

(a) Amounts in table represent recorded investment and exclude loans held for sale. Recorded investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs.

(b) Past due loan amounts exclude purchased impaired loans, even if contractually past due (or if we do not expect to collect principal or interest in full based on the original contractual terms), as we are currently accreting income over the remaining term of the loans.

(c) Net of unearned income, net deferred loan fees and costs, and unamortized discounts and premiums.

(d) Future accretable yield related to purchased credit impaired loans is not included in the analysis of the loan portfolio.

December 31, 2015	Current		30-59 Days Past Due (b)		60-89 Days Past Due (b)		90 and  Greater Days Past Due (b)		Non-performing Loans		Total Past Due and Non-performing Loans		Purchased Credit Impaired		Total Loans (c), (d)
in millions
LOAN TYPE
Commercial, financial and agricultural	$	31,116	$	11	$	11	$	20	$	82	$	124	—		$	31,240
Commercial real estate:
Commercial mortgage	7,917		8		5		10		19		42		—		7,959
Construction	1,042		1		1		—		9		11		—		1,053
Total commercial real estate loans	8,959		9		6		10		28		53		—		9,012
Commercial lease financing	3,952		33		11		11		13		68		—		4,020
Total commercial loans	$	44,027	$	53	$	28	$	41	$	123	$	245	—		$	44,272
Real estate — residential mortgage	$	2,149	$	14	$	3	$	2	$	64	$	83	$	10	$	2,242
Home equity loans	10,056		50		24		14		190		278		1		10,335
Consumer direct loans	1,580		10		3		5		2		20		—		1,600
Credit cards	785		6		4		9		2		21		—		806
Consumer indirect loans	601		9		4		1		6		20		—		621
Total consumer loans	$	15,171	$	89	$	38	$	31	$	264	$	422	$	11	$	15,604
Total loans	$	59,198	$	142	$	66	$	72	$	387	$	667	$	11	$	59,876

(a) Amounts in table represent recorded investment and exclude loans held for sale. Recorded investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs.

(b) Past due loan amounts exclude purchased impaired loans, even if contractually past due (or if we do not expect to collect principal or interest in full based on the original contractual terms), as we are currently accreting income over the remaining term of the loans.

(c) Net of unearned income, net deferred loan fees and costs, and unamortized discounts and premiums.

(d) Future accretable yield related to purchased credit impaired loans is not included in the analysis of the loan portfolio.

Financing Receivable Credit Quality Indicators

Commercial Credit Exposure — Excluding PCI

Credit Risk Profile by Creditworthiness Category ^{(a), (b)} 

December 31,
in millions	Commercial, financial and agricultural				RE — Commercial				RE — Construction				Commercial Lease				Total
RATING	2016		2015		2016		2015		2016		2015		2016		2015		2016		2015
Pass	$	37,845	$	29,921	$	14,308	$	7,800	$	2,287	$	1,007	$	4,632	$	3,967	$	59,072	$	42,695
Criticized (Accruing)	1,514		1,236		455		139		30		37		45		38		2,044		1,450
Criticized (Nonaccruing)	297		83		26		20		2		9		8		15		333		127
Total	$	39,656	$	31,240	$	14,789	$	7,959	$	2,319	$	1,053	$	4,685	$	4,020	$	61,449	$	44,272

(a) Credit quality indicators are updated on an ongoing basis and reflect credit quality information as of the dates indicated.

(b) The term criticized refers to those loans that are internally classified by Key as special mention or worse, which are asset quality categories defined by regulatory authorities. These assets have an elevated level of risk and may have a high probability of default or total loss. Pass rated refers to all loans not classified as criticized.

Consumer Credit Exposure — Excluding PCI

Non-PCI Loans by Refreshed FICO Score ^(a) 

December 31,
	Residential — Prime				Consumer direct loans				Credit cards				Consumer indirect loans				Total
in millions	2016		2015		2016		2015		2016		2015		2016		2015		2016		2015
750 and above	$	9,818	$	6,378	$	498	$	445	$	453	$	322	$	1,266	$	233	$	12,035	$	7,378
660 to 749	5,266		3,822		661		619		525		389		1,195		265		7,647		5,095
Less than 660	1,617		1,291		194		203		132		94		543		120		2,486		1,708
No Score	1,122		1,075		428		333		1		1		5		3		1,556		1,412
Total	$	17,823	$	12,566	$	1,781	$	1,600	$	1,111	$	806	$	3,009	$	621	$	23,724	$	15,593

(a) Borrower FICO scores provide information about the credit quality of our consumer loan portfolio as they provide an indication as to the likelihood that a debtor will repay their debts. The scores are obtained from a nationally recognized consumer rating agency and are presented in the above table at the dates indicated.

Commercial Credit Exposure — PCI

Credit Risk Profile by Creditworthiness Category ^{(a), (b)} 

December 31,
in millions	Commercial, financial and agricultural				RE — Commercial				RE — Construction				Commercial Lease				Total
RATING	2016		2015		2016		2015		2016		2015		2016		2015		2016		2015
Pass	$	12	$	—	$	139	$	—	$	21	$	—	$	—	$	—	$	172	$	—
Criticized	100		—		183		—		5		—		—		—		288		—
Total	$	112	$	—	$	322	$	—	$	26	$	—	$	—	$	—	$	460	$	—

(a) Credit quality indicators are updated on an ongoing basis and reflect credit quality information as of the dates indicated.

(b) The term criticized refers to those loans that are internally classified by Key as special mention or worse, which are asset quality categories defined by regulatory authorities. These assets have an elevated level of risk and may have a high probability of default or total loss. Pass rated refers to all loans not classified as criticized.

Consumer Credit Exposure — PCI

PCI Loans by Refreshed FICO Score ^(a) 

December 31,
	Residential — Prime				Consumer direct loans			Credit cards		Consumer indirect loans		Total
in millions	2016		2015		2016		2015	2016	2015	2016	2015	2016		2015
750 and above	$	133	$	2	—		—	—	—	—	—	$	133	$	2
660 to 749	127		3		$	2	—	—	—	—	—	129		3
Less than 660	133		5		4		—	—	—	—	—	137		5
No Score	5		1		1		—	—	—	—	—	6		1
Total	$	398	$	11	$	7	—	—	—	—	—	$	405	$	11

(a) Borrower FICO scores provide information about the credit quality of our consumer loan portfolio as they provide an indication as to the likelihood that a debtor will repay their debts. The scores are obtained from a nationally recognized consumer rating agency and are presented in the above table at the dates indicated.

Summary of Allowance for Loan and Lease Losses

A summary of the changes in the ALLL for the periods indicated is presented in the table below:

December 31, in millions	2016			2015			2014
Balance at beginning of period — continuing operations	$	796		$	794		$	848
Charge-offs	(261		)	(203		)	(211		)
Recoveries	56			61			98
Net loans and leases charged off	(205		)	(142		)	(113		)
Provision for loan and lease losses from continuing operations	267			145			59
Foreign currency translation adjustment	—			(1		)	—
Balance at end of period — continuing operations	$	858		$	796		$	794

Changes in Allowance for Loan and Lease Losses by Loan Category

The changes in the ALLL by loan category for the periods indicated are as follows:

in millions	December 31, 2015		Provision			Charge-offs			Recoveries		December 31, 2016
Commercial, financial and agricultural	$	450	$	165		$	(118	)	$	11	$	508
Real estate — commercial mortgage	134		6			(5		)	9		144
Real estate — construction	25		4			(9		)	2		22
Commercial lease financing	47		4			(12		)	3		42
Total commercial loans	656		179			(144		)	25		716
Real estate — residential mortgage	18		2			(4		)	1		17
Home equity loans	57		13			(30		)	14		54
Consumer direct loans	20		26			(27		)	5		24
Credit cards	32		37			(35		)	4		38
Consumer indirect loans	13		10			(21		)	7		9
Total consumer loans	140		88			(117		)	31		142
Total ALLL — continuing operations	796		267		(a)	(261		)	56		858
Discontinued operations	28		13			(28		)	11		24
Total ALLL — including discontinued operations	$	824	$	280		$	(289	)	$	67	$	882

(a) Excludes a credit for losses on lending-related commitments of $1 million.

in millions	December 31, 2014		Provision				Charge-offs			Recoveries		December 31, 2015
Commercial, financial and agricultural	$	391	$	120			$	(77	)	$	16	$	450
Real estate — commercial mortgage	148		(16		)		(4		)	6		134
Real estate — construction	28		(3		)		(1		)	1		25
Commercial lease financing	56		(5		)		(11		)	7		47
Total commercial loans	623		96				(93		)	30		656
Real estate — residential mortgage	23		(2		)		(6		)	3		18
Home equity loans	71		7				(32		)	11		57
Consumer direct loans	22		16				(24		)	6		20
Credit cards	33		27				(30		)	2		32
Consumer indirect loans	22		—				(18		)	9		13
Total consumer loans	171		48				(110		)	31		140
Total ALLL — continuing operations	794		144			(a)	(203		)	61		796
Discontinued operations	29		21				(35		)	13		28
Total ALLL — including discontinued operations	$	823	$	165			$	(238	)	$	74	$	824

(a) Includes a $1 million foreign currency translation adjustment. Excludes a provision for losses on lending-related commitments of $21 million.

in millions	December 31, 2013		Provision				Charge-offs			Recoveries		December 31, 2014
Commercial, financial and agricultural	$	362	$	41			$	(45	)	$	33	$	391
Real estate — commercial mortgage	165		(15		)		(6		)	4		148
Real estate — construction	32		(16		)		(5		)	17		28
Commercial lease financing	62		(6		)		(10		)	10		56
Total commercial loans	621		4				(66		)	64		623
Real estate — residential mortgage	37		(6		)		(10		)	2		23
Home equity loans	95		8				(46		)	14		71
Consumer direct loans	29		17				(30		)	6		22
Credit cards	34		32				(34		)	1		33
Consumer indirect loans	32		4				(25		)	11		22
Total consumer loans	227		55				(145		)	34		171
Total ALLL — continuing operations	848		59			(a)	(211		)	98		794
Discontinued operations	39		21				(45		)	14		29
Total ALLL — including discontinued operations	$	887	$	80			$	(256	)	$	112	$	823

(a) Includes a $2 million foreign currency translation adjustment.

Allowance for Loan and Lease Losses and Corresponding Loan Balances

A breakdown of the individual and collective ALLL and the corresponding loan balances as of December 31, 2016, follows:

	Allowance						Outstanding
December 31, 2016	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Purchased Credit Impaired		Loans			Individually Evaluated for Impairment		Collectively Evaluated for Impairment			Purchased Credit Impaired
in millions
Commercial, financial and agricultural	$	17	$	486	$	5	$	39,768		$	284	$	39,372		$	112
Commercial real estate:
Commercial mortgage	—		144		—		15,111			5		14,784			322
Construction	—		22		—		2,345			—		2,319			26
Total commercial real estate loans	—		166		—		17,456			5		17,103			348
Commercial lease financing	—		42		—		4,685			—		4,685			—
Total commercial loans	17		694		5		61,909			289		61,160			460
Real estate — residential mortgage	2		15		—		5,547			51		5,128			368
Home equity loans	17		37		—		12,674			125		12,519			30
Consumer direct loans	—		24		—		1,788			3		1,778			7
Credit cards	—		38		—		1,111			3		1,108			—
Consumer indirect loans	1		8		—		3,009			30		2,979			—
Total consumer loans	20		122		—		24,129			212		23,512			405
Total ALLL — continuing operations	37		816		5		86,038			501		84,672			865
Discontinued operations	2		22		—		1,565		(a)	22		1,543		(a)	—
Total ALLL — including discontinued operations	$	39	$	838	$	5	$	87,603		$	523	$	86,215		$	865

(a) Amount includes $3 million of loans carried at fair value that are excluded from ALLL consideration.

A breakdown of the individual and collective ALLL and the corresponding loan balances as of December 31, 2015, follows:

	Allowance						Outstanding
December 31, 2015	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Purchased Credit Impaired		Loans			Individually Evaluated for Impairment		Collectively Evaluated for Impairment			Purchased Credit Impaired
in millions
Commercial, financial and agricultural	$	7	$	443	—		$	31,240		$	68	$	31,172		—
Commercial real estate:
Commercial mortgage	1		133		—		7,959			10		7,949			—
Construction	—		25		—		1,053			5		1,048			—
Total commercial real estate loans	1		158		—		9,012			15		8,997			—
Commercial lease financing	—		47		—		4,020			—		4,020			—
Total commercial loans	8		648		—		44,272			83		44,189			—
Real estate — residential mortgage	4		13		$	1	2,242			56		2,176			$	10
Home equity loans	20		37		—		10,335			125		10,209			1
Consumer direct loans	—		20		—		1,600			3		1,597			—
Credit cards	—		32		—		806			3		803			—
Consumer indirect loans	3		10		—		621			38		583			—
Total consumer loans	27		112		1		15,604			225		15,368			11
Total ALLL — continuing operations	35		760		1		59,876			308		59,557			11
Discontinued operations	2		26		—		1,828		(a)	21		1,807		(a)	—
Total ALLL — including discontinued operations	$	37	$	786	$	1	$	61,704		$	329	$	61,364		$	11

(a) Amount includes $4 million of loans carried at fair value that are excluded from ALLL consideration.

Changes in Liability for Credit Losses on Lending Related Commitments

Changes in the liability for credit losses on unfunded lending-related commitments are summarized as follows:

Year ended December 31, in millions	2016			2015		2014
Balance at beginning of period	$	56		$	35	$	37
Provision (credit) for losses on lending-related commitments	(1		)	21		(2		)
Balance at end of period	$	55		$	56	$	35