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Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Components of Lease Income
The components of lease income were as follows:

Three Months Ended,Six Months Ended,
(in millions)June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Interest income on lease financing (1)
$35 $32 $73 $52 
(1)Included in Interest Income – Loans and leases in the Consolidated Statements of Income and Comprehensive Income.
Schedule of 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)June 30, 2024December 31, 2023
Net investment in the lease - lease payments receivable$2,625 $3,187 
Net investment in the lease - unguaranteed residual assets360 321 
Total lease payments$2,985 $3,508 
Schedule of 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)June 30, 2024
2024$268 
2025432 
2026703 
2027446 
2028267 
Thereafter869 
Total lease payments$2,985 
Plus: deferred origination costs28 
Less: unearned income(218)
Less: purchase accounting adjustment(64)
Total lease finance receivables, net$2,731 
Schedule of Lease Cost Information
The components of lease expense were as follows:

Three Months Ended,Six Months Ended,
(in millions)June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Operating lease cost$20 $25 $38 $35 
Total lease cost$20 $25 $38 $35 

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

Three Months Ended,Six Months Ended,
(in millions)June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$18 $20 $36 $30 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to the leases for the following periods:

(in millions, except lease term and discount rate)June 30, 2024December 31, 2023
Operating Leases:
Operating lease right-of-use assets (1)
$414 $426 
Operating lease liabilities (2)
$436 $446 
Weighted average remaining lease term10.7 years11.2 years
Weighted average discount rate %4.71 %4.71 %
(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)		June 30, 2024
Maturities of lease liabilities:
2024$37 
202570 
202662 
202755 
202848 
Thereafter293 
Total lease payments$565 
Less: imputed interest$(129)
Total present value of lease liabilities$436