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Other Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Schedule of 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 Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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