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LOANS AND LEASES (Tables)
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Schedule of loans and leases
The following table presents the composition of loans and leases, excluding LHFS:
December 31,
(in millions)20202019
Commercial and industrial(1)
$44,173 $41,479 
Commercial real estate14,652 13,522 
Leases1,968 2,537 
Total commercial60,793 57,538 
Residential mortgages19,539 19,083 
Home equity12,149 13,154 
Automobile12,153 12,120 
Education12,308 10,347 
Other retail 6,148 6,846 
Total retail62,297 61,550 
Total loans and leases$123,090 $119,088 
(1) The December 31, 2020 commercial and industrial balance includes $4.2 billion of PPP loans fully guaranteed by the SBA. 
Accrued interest receivable on loans and leases held for investment totaled $449 million and $495 million as of December 31, 2020 and 2019, respectively, and is included in other assets in the Consolidated Balance Sheets.
The following table presents the composition of LHFS:
December 31, 2020December 31, 2019
(in millions)
Residential Mortgages(1)
Commercial(2)
Total
Residential Mortgages(1)
Commercial(2)
Total
Loans held for sale at fair value$3,416 $148 $3,564 $1,778 $168 $1,946 
Other loans held for sale— 439 439 1,101 283 1,384 
(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 generally 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, 2020December 31, 2019
Total future minimum lease rentals$1,381 $1,739 
Estimated residual value of leased equipment (non-guaranteed)746 1,013 
Initial direct costs7 10 
Unearned income(166)(225)
Total leases$1,968 $2,537 
Maturity analysis of direct financing lease receivables
A maturity analysis of direct financing and sales-type lease receivables at December 31, 2020 is presented below:
(in millions)
2021$334 
2022308 
2023246 
2024170 
2025112 
Thereafter211 
Total undiscounted future minimum lease rentals$1,381