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Other Assets | 12 Months Ended
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Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Assets | OTHER ASSETS The following table includes the components of other assets. The increases from December 31, 2021 primarily reflect the other assets acquired in the CIT Merger. Other Assets
dollars in millions | December 31, 2022 |  | December 31, 2021
Affordable housing tax credit and other unconsolidated investments (1) | $ | 762 |  |  | $ | 169 |
Income tax receivable | 275 |  |  | 799 |
Bank-owned life insurance (2) | 586 |  |  | 116 |
Right of use assets for operating leases, net | 345 |  |  | 64 |
Pension assets | 343 |  |  | 289 |
Accrued interest receivable | 329 |  |  | 134 |
Counterparty receivables | 98 |  |  | — |
Federal Home Loan Bank stock | 197 |  |  | 40 |
Fair value of derivative financial instruments | 159 |  |  | 3 |
Nonmarketable equity securities | 58 |  |  | 1 |
Other real estate owned | 47 |  |  | 40 |
Mortgage servicing assets | 25 |  |  | 23 |
Other (2) | 1,145 |  |  | 177 |
Total other assets | $ | 4,369 |  |  | $ | 1,855 |
(1) Refer to Note 12 – Variable Interest Entities for additional information. (2) In December of 2022, BancShares made the strategic decision to surrender $1.25 billion of BOLI policies. The balance sheet treatment at December 31, 2022 for the surrendered BOLI policies is as follows: $483 million is in BOLI as these policies had not terminated or cash-settled; $607 million is in “Other” as these policies had terminated, but not cash-settled; and $157 million of these policies had terminated and cash-settled.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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