FIFTH THIRD BANCORP
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
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Supplemental Cash Flow Information
- Supplemental Cash Flow Information
Cash payments related to interest and income taxes in addition to non-cash investing and financing activities are presented in the following table for the years ended December 31:
| ($ in millions) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Cash Payments: | |||
| Interest | $3,776 | 869 | 465 |
| Income taxes | 655 | 272 | 607 |
| Transfers: | |||
| Portfolio loans and leases to loans and leases held for sale(a) | $513 | 105 | 447 |
| Loans and leases held for sale to portfolio loans and leases | 6 | 409 | 49 |
| Portfolio loans and leases to OREO | 12 | 8 | 8 |
| Bank premises and equipment to OREO | 30 | 24 | 21 |
| Supplemental Disclosures: | |||
| Net additions to lease liabilities under operating leases | $72 | 152 | 66 |
| Net (reductions) additions to lease liabilities under finance leases | (6) | 27 | 35 |
(a)Includes $167 for the year ended December 31, 2021 of residential mortgage loans previously sold to GNMA which the Bancorp was initially deemed to have regained effective control over under ASC Topic 860 and which were recorded as portfolio loans. The Bancorp subsequently repurchased these loans and classified them as held for sale.
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