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Loans and Leases - Schedule of Financing Receivable Purchased With Credit Deterioration (Details) - CIT Group Inc. $ in Millions | Jan. 03, 2022 USD ($)
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Accounts, Notes, Loans and Financing Receivable [Line Items] |
UPB | $ 3,550
Initial PCD ACL | (272)
Fair value discount, net of the PCD Gross-Up | (45)
Purchase price | $ 3,233

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- Definition Financing Receivable, Purchased with Credit Deterioration, Gross-Up Amount + References No definition available. + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Amount at par value of financing receivable purchased with credit deterioration. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 19 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919265-210447 + Details
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- Definition Amount at purchase price of financing receivable purchased with credit deterioration. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 19 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919265-210447 + Details
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- Definition Amount of discount (premium) attributable to other factors on financing receivable purchased with credit deterioration. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 19 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919265-210447 + Details
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