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Leases (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Components of Lease Income
The components of lease income were as follows:
(in millions)For the Three Months Ended March 31, 2023For the Three Months Ended March 31, 2022
Interest income on lease financing (1)
$20 $12 
(1)Included in Interest Income – Loans and leases in the Consolidated Statements of Income and Comprehensive Income.
Components of Net Investment in Direct Financing Leases The components of net investment in direct financing leases, including the carrying amount of the lease receivables, as well as the unguaranteed residual asset were as follows:
(in millions)March 31, 2023December 31, 2022
Net investment in the lease - lease payments receivable$2,790 $1,685 
Net investment in the lease - unguaranteed residual assets420 60 
Total lease payments3,210 $1,745 
Maturity Analysis of Undiscounted Lease Receivables
The following table presents the remaining maturity analysis of the undiscounted lease receivables, as well as the reconciliation to the total amount of receivables recognized in the Consolidated Statements of Condition:

(in millions)March 31, 2023
2023$395 
2024533 
2025720 
2026578 
2027486 
Thereafter498 
Total lease payments$3,210 
Plus: deferred origination costs18 
Less: unearned income(88)
Total lease finance receivables, net$3,140 
Lease Cost Information
The components of lease expense were as follows:

(in millions)For the Three Months Ended March 31, 2023For the Three Months Ended March 31, 2022
Operating lease cost11 $7 
Sublease income— — 
Total lease cost$11 $7 

Supplemental cash flow information related to the leases for the following periods:

(in millions)For the Three Months Ended March 31, 2023For the Three Months Ended March 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$10 $7 
Supplemental Balance Sheet Information
Supplemental balance sheet information related to the leases for the following periods:

(in millions, except lease term and discount rate)March 31, 2023December 31, 2022
Operating Leases:
Operating lease right-of-use assets (1)
$350 $119 
Operating lease liabilities (2)
$353 $122 
Weighted average remaining lease term8.75 years6 years
Weighted average discount rate %3.27 %3.85 %
(1)Included in Other assets in the Consolidated Statements of Condition.
(2)Included in Other liabilities in the Consolidated Statements of Condition.
Schedule of Minimum Contractual Lease Obligations

(in millions)		March 31, 2023
Maturities of lease liabilities:
2023$43 
202465 
202557 
202648 
202744 
Thereafter168 
Total lease payments$425 
Less: imputed interest$(72)
Total present value of lease liabilities$353