Fifth Third Bancorp (FITB) 10-Q 6 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Jul. 31, 2021
Entity Listings [Line Items]
Document Type	10-Q
Document Period End Date	Jun. 30, 2021
Entity File Number	001-33653
Entity Registrant Name	FIFTH THIRD BANCORP
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-0854434
Entity Address, Address Line One	38 Fountain Square Plaza
Entity Address, City or Town	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45263
City Area Code	800
Local Phone Number	972-3030
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		690,718,273
Amendment Flag	false
Entity Central Index Key	0000035527
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Common Stock, Without Par Value
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, Without Par Value
Trading Symbol	FITB
Security Exchange Name	NASDAQ
Series I Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I
Trading Symbol	FITBI
Security Exchange Name	NASDAQ
Class B Preferred stock, Series A
Entity Listings [Line Items]
Title of 12(b) Security	6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A
Trading Symbol	FITBP
Security Exchange Name	NASDAQ
Series K Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	4.95% Non-Cumulative Perpetual Preferred Stock, Series K
Trading Symbol	FITBO
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Assets
Cash and due from banks		$ 3,285	$ 3,147
Other short-term Investments	[1]	32,409	33,399
Available-for-sale debt and other securities	[2]	38,012	37,513
Held-to-maturity securities		10	11
Trading debt securities		711	560
Equity securities		341	313
Loans and leases held for sale	[3]	5,730	4,741
Portfolio loans and leases	[1],[4]	107,733	108,782
Allowance for loan and lease losses	[1]	(2,033)	(2,453)
Portfolio loans and leases, net		105,700	106,329
Bank premises and equipment	[5]	2,073	2,088
Operating lease equipment		715	777
Goodwill		4,259	4,258
Intangible assets		117	139
Servicing rights		818	656
Other assets	[1]	11,210	10,749
Total Assets		205,390	204,680
Deposits:
Noninterest-bearing deposits		62,760	57,711
Interest-bearing deposits	[6]	99,523	101,370
Total deposits		162,283	159,081
Federal funds purchased		338	300
Other short-term borrowings		1,130	1,192
Accrued taxes, interest and expenses		2,045	2,614
Other liabilities	[1]	4,304	3,409
Long-term debt	[1]	12,364	14,973
Total Liabilities		182,464	181,569
Equity
Common stock	[7]	2,051	2,051
Preferred stock	[8]	2,116	2,116
Capital surplus		3,602	3,635
Retained earnings		19,343	18,384
Accumulated other comprehensive income		1,974	2,601
Treasury stock	[7]	(6,160)	(5,676)
Total Equity		22,926	23,111
Total Liabilities and Equity		$ 205,390	$ 204,680
[1]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.
[2]	Amortized cost of $36,081 and $34,982 at June 30, 2021 and December 31, 2020, respectively.
[3]	Includes $1,633 and $1,481 of residential mortgage loans held for sale measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[4]	Includes $151 and $161 of residential mortgage loans measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[5]	Includes $25 and $35 of bank premises and equipment held for sale at June 30, 2021 and December 31, 2020, respectively.
[6]	Includes $341 and $351 of interest checking deposits held for sale at June 30, 2021 and December 31, 2020, respectively.
[7]	Common shares: Stated value $ 2.22 per share; authorized 2,000,000,000; outstanding at June 30, 2021 – 703,739,634 (excludes 220,152,947 treasury shares), December 31, 2020 – 712,760,325 (excludes 211,132,256 treasury shares).
[8]	500,000 shares of no par value preferred stock were authorized at both June 30, 2021 and December 31, 2020. There were 422,000 unissued shares of undesignated no par value preferred stock at both June 30, 2021 and December 31, 2020. Each issued share of no par value preferred stock has a liquidation preference of $25,000. 500,000 shares of no par value Class B preferred stock were authorized at both June 30, 2021 and December 31, 2020. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both June 30, 2021 and December 31, 2020. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Other short-term Investments	[1]	$ 32,409	$ 33,399
ALLL	[1]	(2,033)	(2,453)
Other assets	[1]	11,210	10,749
Other liabilities	[1]	4,304	3,409
Long-term debt	[1]	12,364	14,973
Available-for-sale debt and other securities, amortized cost		36,081	34,982
Held-to-maturity securities	[2]	10	11
Bank premises and equipment held for sale		25	35
Interest checking deposits held for sale		$ 341	$ 351
Common stock, par value (in dollars per share)		$ 2.22	$ 2.22
Common stock, shares authorized (in shares)		2,000,000,000	2,000,000,000
Common stock, outstanding (in shares)		703,739,634	712,760,325
Treasury stock, shares (in shares)		220,152,947	211,132,256
Preferred stock, authorized (in shares)		500,000	500,000
Preferred stock, unissued (in shares)		422,000	422,000
Preferred stock, liquidation preference per share (in dollars per share)		$ 25,000	$ 25,000
Preferred Class B
Preferred stock, authorized (in shares)		500,000	500,000
Preferred stock, unissued (in shares)		300,000	300,000
Preferred stock, liquidation preference per share (in dollars per share)		$ 1,000	$ 1,000
Residential Mortgage
ALLL		$ (235)	$ (294)
Loans held for sale		1,633	1,481
Loans measured at FV		151	161
Variable Interest Entity, Primary Beneficiary | Automobile loan
Other short-term Investments		33	55
Portfolio loans and leases		455	756
ALLL		(3)	(7)
Other assets		3	5
Other liabilities		1	2
Long-term debt		$ 400	$ 656
[1]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.
[2]	Fair value of $10 and $11 at June 30, 2021 and December 31, 2020, respectively.

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest Income
Interest and fees on loans and leases	$ 1,035	$ 1,115	$ 2,064	$ 2,350
Interest on securities	279	283	543	566
Interest on other short-term investments	9	5	17	12
Total interest income	1,323	1,403	2,624	2,928
Interest Expense
Interest on deposits	15	83	36	248
Interest on federal funds purchased	0	0	0	2
Interest on other short-term borrowings	0	2	1	8
Interest on long-term debt	100	118	202	241
Total interest expense	115	203	239	499
Net Interest Income	1,208	1,200	2,385	2,429
(Benefit from) provision for credit losses	(115)	485	(288)	1,125
Net Interest Income After (Benefit from) Provision for Credit Losses	1,323	715	2,673	1,304
Noninterest Income
Commercial banking revenue	160	137	313	261
Service charges on deposits	149	122	292	270
Wealth and asset management revenue	145	120	288	255
Card and processing revenue	102	82	196	167
Mortgage banking net revenue	64	99	149	219
Leasing business revenue	61	57	148	131
Other noninterest income	49	12	92	18
Securities gains (losses), net	10	21	13	(3)
Securities (losses) gains, net – non-qualifying hedges on mortgage servicing rights	1	0	(1)	3
Total noninterest income	741	650	1,490	1,321
Noninterest Expense
Compensation and benefits	638	627	1,343	1,274
Technology and communications	94	90	187	183
Net occupancy expense	77	82	156	164
Equipment expense	34	32	68	64
Leasing business expense	33	33	68	68
Card and processing expense	20	29	50	60
Marketing expense	20	20	43	51
Other noninterest expense	237	208	454	457
Total noninterest expense	1,153	1,121	2,369	2,321
Income Before Income Taxes	911	244	1,794	304
Applicable income tax expense	202	49	391	61
Net Income	709	195	1,403	243
Dividends on preferred stock	35	32	55	50
Net Income Available to Common Shareholders	$ 674	$ 163	$ 1,348	$ 193
Shares Disclosures
Earnings per share - basic (in dollars per share)	$ 0.95	$ 0.23	$ 1.89	$ 0.27
Earnings per share - diluted (in dollars per share)	$ 0.94	$ 0.23	$ 1.87	$ 0.27
Average common shares outstanding - basic (in shares)	708,832,787	714,766,570	711,617,331	714,161,131
Average common shares outstanding - diluted (in shares)	718,084,745	717,571,890	720,740,176	718,967,293

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net Income	$ 709	$ 195	$ 1,403	$ 243
Unrealized gains on available-for-sale debt securities:
Unrealized holding (losses) gains arising during period	235	456	(466)	1,338
Reclassification adjustment for net losses (gains) included in net income	(5)	0	7	0
Unrealized gains on cash flow hedge derivatives:
Unrealized holding (losses) gains arising during period	9	66	(55)	493
Reclassification adjustment for net gains included in net income	(58)	(49)	(115)	(74)
Defined benefit pension plans, net:
Net actuarial loss arising during the year	(1)	0	(1)	0
Reclassification of amounts to net periodic benefit costs	2	1	3	2
Other comprehensive (loss) income, net of tax	182	474	(627)	1,759
Comprehensive Income	$ 891	$ 669	$ 776	$ 2,002

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($) $ in Millions	Total	Series I Preferred Stock	Series J Preferred Stock	Series K Preferred Stock	Series L Preferred Stock	Class B, Series A Preferred Stock	Series H Preferred Stock	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Common StockCumulative Effect, Period of Adoption, Adjusted Balance	Preferred Stock	Preferred StockCumulative Effect, Period of Adoption, Adjusted Balance	Capital Surplus	Capital SurplusCumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings	Retained EarningsSeries I Preferred Stock	Retained EarningsSeries J Preferred Stock	Retained EarningsSeries K Preferred Stock	Retained EarningsSeries L Preferred Stock	Retained EarningsClass B, Series A Preferred Stock	Retained EarningsSeries H Preferred Stock	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Retained EarningsCumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Income	Accumulated Other Comprehensive IncomeCumulative Effect, Period of Adoption, Adjusted Balance	Treasury Stock	Treasury StockCumulative Effect, Period of Adoption, Adjusted Balance
Beginning Balance at Dec. 31, 2019	$ 21,203							$ (472)	$ 20,731	$ 2,051	$ 2,051	$ 1,770	$ 1,770	$ 3,599	$ 3,599	$ 18,315							$ (472)	$ 17,843	$ 1,192	$ 1,192	$ (5,724)	$ (5,724)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	243															243
Other comprehensive income (loss), net of tax	1,759																								1,759
Cash dividends declared:
Common stock	(390)															(390)
Preferred stock		$ (15)	$ (8)	$ (6)		$ (6)	$ (15)										$ (15)	$ (8)	$ (6)		$ (6)	$ (15)
Impact of stock transactions under stock compensation plans, net	43													4													39
Other	(1)															(3)											2
Ending Balance at Jun. 30, 2020	22,335									2,051		1,770		3,603		17,643									2,951		(5,683)
Beginning Balance at Mar. 31, 2020	21,873									2,051		1,770		3,597		17,677									2,477		(5,699)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	195															195
Other comprehensive income (loss), net of tax	474																								474
Cash dividends declared:
Common stock	(195)															(195)
Preferred stock		(7)	(4)	(3)		(3)	(15)										(7)	(4)	(3)		(3)	(15)
Impact of stock transactions under stock compensation plans, net	20													6													14
Other	0															(2)											2
Ending Balance at Jun. 30, 2020	22,335									2,051		1,770		3,603		17,643									2,951		(5,683)
Beginning Balance at Dec. 31, 2020	23,111									2,051		2,116		3,635		18,384									2,601		(5,676)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,403															1,403
Other comprehensive income (loss), net of tax	(627)																								(627)
Cash dividends declared:
Common stock	(387)															(387)
Preferred stock		(15)	(5)	(6)	$ (8)	(6)	(15)										(15)	(5)	(6)	$ (8)	(6)	(15)
Shares acquired for treasury	(527)																										(527)
Impact of stock transactions under stock compensation plans, net	9													(33)													42
Other	(1)															(2)											1
Ending Balance at Jun. 30, 2021	22,926									2,051		2,116		3,602		19,343									1,974		(6,160)
Beginning Balance at Mar. 31, 2021	22,595									2,051		2,116		3,592		18,863									1,792		(5,819)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	709															709
Other comprehensive income (loss), net of tax	182																								182
Cash dividends declared:
Common stock	(192)															(192)
Preferred stock		$ (7)	$ (3)	$ (3)	$ (4)	$ (3)	$ (15)										$ (7)	$ (3)	$ (3)	$ (4)	$ (3)	$ (15)
Shares acquired for treasury	(347)																										(347)
Impact of stock transactions under stock compensation plans, net	15													10													5
Other	(1)															(2)											1
Ending Balance at Jun. 30, 2021	$ 22,926									$ 2,051		$ 2,116		$ 3,602		$ 19,343									$ 1,974		$ (6,160)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Common stock, per share (in dollars per share)	$ 0.27	$ 0.27	$ 0.54	$ 0.54
Series H Preferred Stock
Preferred stock, per share (in dollars per share)	637.50	637.50	637.50	637.50
Series I Preferred Stock
Preferred stock, per share (in dollars per share)	414.06	414.06	828.12	828.12
Series J Preferred Stock
Preferred stock, per share (in dollars per share)	210.44	289.38	421.94	609.93
Series K Preferred Stock
Preferred stock, per share (in dollars per share)	309.38	309.38	618.75	618.76
Series L Preferred Stock
Preferred stock, per share (in dollars per share)	281.25		562.50
Class B Preferred stock, Series A
Preferred stock, per share (in dollars per share)	$ 15	$ 15	$ 30	$ 30

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating Activities
Net Income	$ 1,403	$ 243
Adjustments to reconcile net income to net cash provided by operating activities:
(Benefit from) provision for credit losses	(288)	1,125
Depreciation, amortization and accretion	243	231
Stock-based compensation expense	79	77
Benefit from deferred income taxes	(239)	(48)
Securities gains, net	(9)	(6)
MSR fair value adjustment	50	448
Net gains on sales of loans and fair value adjustments on loans held for sale	(176)	(88)
Net losses on disposition and impairment of bank premises and equipment	1	15
Net losses (gains) on disposition and impairment of operating lease equipment	20	(5)
Proceeds from sales of loans held for sale	7,974	6,234
Loans originated or purchased for sale, net of repayments	(8,899)	(5,706)
Dividends representing return on equity investments	20	6
Net change in:
Equity and trading debt securities	(163)	68
Other assets	232	(529)
Accrued taxes, interest and expenses and other liabilities	(125)	(113)
Net Cash Provided by Operating Activities	123	1,952
Proceeds from sales:
AFS securities and other investments	1,454	868
Loans and leases	436	57
Bank premises and equipment	17	12
Proceeds from repayments / maturities of AFS and HTM securities and other investments	2,948	1,252
Purchases:
AFS securities and other investments	(5,825)	(2,815)
Bank premises and equipment	(126)	(133)
MSRs	(109)	(30)
Proceeds from settlement of BOLI	15	8
Proceeds from sales and dividends representing return of equity investments	29	8
Net change in:
Other short-term investments	990	(26,293)
Portfolio loans and leases	582	(5,605)
Operating lease equipment	(23)	(20)
Net Cash Provided by (Used in) Investing Activities	388	(32,691)
Financing Activities
Net change in deposits	3,202	29,884
Net change in other short-term borrowings and federal funds purchased	14	195
Dividends paid on common and preferred stock	(444)	(417)
Proceeds from issuance of long-term debt	44	2,511
Repayment of long-term debt	(2,585)	(1,450)
Repurchases of treasury stock and related forward contract	(527)	0
Other	(77)	(41)
Net Cash (Used in) Provided by Financing Activities	(373)	30,682
Increase (Decrease) in Cash and Due from Banks	138	(57)
Cash and Due from Banks at Beginning of Period	3,147	3,278
Cash and Due from Banks at End of Period	$ 3,285	$ 3,221

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of the Bancorp and its majority-owned subsidiaries and VIEs in which the Bancorp has been determined to be the primary beneficiary. Other entities, including certain joint ventures in which the Bancorp has the ability to exercise significant influence over operating and financial policies of the investee, but upon which the Bancorp does not possess control, are accounted for by the equity method and not consolidated. The investments in those entities in which the Bancorp does not have the ability to exercise significant influence are generally carried at fair value unless the investment does not have a readily determinable fair value. The Bancorp accounts for equity investments without a readily determinable fair value using the measurement alternative to fair value, representing the cost of the investment minus impairment recorded, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer. Intercompany transactions and balances among consolidated entities have been eliminated. In the opinion of management, the unaudited Condensed Consolidated Financial Statements include all adjustments, which consist of normal recurring accruals, necessary to present fairly the results for the periods presented. In accordance with U.S. GAAP and the rules and regulations of the SEC for interim financial information, these statements do not include certain information and footnote disclosures required for complete annual financial statements and it is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the Bancorp’s Annual Report on Form 10-K. The results of operations, comprehensive income and changes in equity for the three and six months ended June 30, 2021 and 2020 and the cash flows for the six months ended June 30, 2021 and 2020 are not necessarily indicative of the results to be expected for the full year. Financial information as of December 31, 2020 has been derived from the Bancorp’s Annual Report on Form 10-K. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2021
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
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 six months ended June 30: ($ in millions) 2021 2020 Cash Payments: Interest $ 256 528 Income taxes 336 268 Transfers: Portfolio loans and leases to loans and leases held for sale (a) $ 337 31 Loans and leases held for sale to portfolio loans and leases 20 29 Portfolio loans and leases to OREO 9 6 Loans and leases held for sale to OREO — 2 Bank premises and equipment to OREO 17 — Supplemental Disclosures: Net additions to lease liabilities under operating leases $ 31 27 Net additions to lease liabilities under finance leases 25 76

Accounting and Reporting Develo

Accounting and Reporting Developments	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Accounting and Reporting Developments	Accounting and Reporting Developments Standards Adopted in 2021 The Bancorp adopted the following new accounting standard during the six months ended June 30, 2021: ASU 2019-12 – Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also clarify and amend existing guidance for other areas of Topic 740. The Bancorp adopted the amended guidance on January 1, 2021 on a modified retrospective basis, except for certain provisions of the amended guidance which were required to be adopted prospectively. The adoption of the amended guidance did not have a material impact on the Condensed Consolidated Financial Statements. Reference Rate Reform and LIBOR Transition In March 2020, the FASB issued ASU 2020-04, which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments in the ASU apply only to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. Subsequently, in January 2021, the FASB issued ASU 2021-01, which clarified that the optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting also apply to derivatives that are affected by the discounting transition. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022 for which an entity has elected certain optional expedients and that are retained through the end of the hedging relationship. The amendments in this ASU are effective for the Bancorp as of March 12, 2020 through December 31, 2022. The Bancorp is in the process of evaluating and applying, as applicable, the optional expedients and exceptions in accounting for eligible contract modifications, eligible existing hedging relationships and new hedging relationships available through December 31, 2022.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The following tables provide the amortized cost, unrealized gains and losses and fair value for the major categories of the available-for-sale debt and other securities and held-to-maturity securities portfolios as of: June 30, 2021 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 105 2 — 107 Obligations of states and political subdivisions securities 18 — — 18 Mortgage-backed securities: Agency residential mortgage-backed securities 10,256 573 (20) 10,809 Agency commercial mortgage-backed securities 18,142 1,188 (36) 19,294 Non-agency commercial mortgage-backed securities 3,276 203 — 3,479 Asset-backed securities and other debt securities 3,764 48 (27) 3,785 Other securities (a) 520 — — 520 Total available-for-sale debt and other securities $ 36,081 2,014 (83) 38,012 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 9 — — 9 Asset-backed securities and other debt securities 1 — — 1 Total held-to-maturity securities $ 10 — — 10 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $33, $485 and $2, respectively, at June 30, 2021, that are carried at cost. December 31, 2020 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 74 4 — 78 Obligations of states and political subdivisions securities 17 — — 17 Mortgage-backed securities: Agency residential mortgage-backed securities 11,147 768 (8) 11,907 Agency commercial mortgage-backed securities 16,745 1,481 (5) 18,221 Non-agency commercial mortgage-backed securities 3,323 267 — 3,590 Asset-backed securities and other debt securities 3,152 48 (24) 3,176 Other securities (a) 524 — — 524 Total available-for-sale debt and other securities $ 34,982 2,568 (37) 37,513 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 9 — — 9 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 11 — — 11 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $40, $482 and $2, respectively, at December 31, 2020, that are carried at cost. The following table provides the fair value of trading debt securities and equity securities as of: ($ in millions) June 30, December 31, Trading debt securities $ 711 560 Equity securities 341 313 The amounts reported in the preceding tables exclude accrued interest receivable on investment securities of $86 million and $87 million at June 30, 2021 and December 31, 2020, respectively, which are presented as a component of other assets in the Condensed Consolidated Balance Sheets. The Bancorp uses investment securities as a means of managing interest rate risk, providing collateral for pledging purposes and for liquidity to satisfy regulatory requirements. As part of managing interest rate risk, the Bancorp acquires securities as a component of its MSR non-qualifying hedging strategy, with net gains or losses recorded in securities (losses) gains, net – non-qualifying hedges on mortgage servicing rights in the Condensed Consolidated Statements of Income. The following table presents securities gains (losses) recognized in the Condensed Consolidated Statements of Income: For the three months ended June 30, For the six months ended ($ in millions) 2021 2020 2021 2020 Available-for-sale debt and other securities: Realized gains $ 7 — 8 1 Realized losses — — (10) (1) Impairment losses — — (7) — Net (losses) gains on available-for sale debt and other securities $ 7 — (9) — Total trading debt securities (losses) gains $ (7) — — 3 Total equity securities gains (losses) (a) $ 11 21 21 (3) Total gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (b) $ 11 21 12 — (a) Includes net unrealized gains of $10 and $17 for the three and six months ended June 30, 2021, respectively, and net unrealized gains of $21 and net unrealized losses of $2 for the three and six months ended June 30, 2020, respectively. (b) Excludes $1 and $3 of net securities losses for the three and six months ended June 30, 2021, respectively, and $8 and $6 of net securities gains for the three and six months ended June 30, 2020, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These losses and gains are included in commercial banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income. In the first quarter of 2021, the Bancorp recognized impairment losses on available-for-sale debt and other securities of $7 million. These losses related to certain securities in unrealized loss positions that the Bancorp intended to sell prior to recovery of their amortized cost bases. The Bancorp did not consider these losses to be credit-related. At both June 30, 2021 and December 31, 2020, the Bancorp completed its evaluation of the available-for-sale debt and other securities in an unrealized loss position and did not recognize an allowance for credit losses. The Bancorp did not recognize provision expense related to available-for-sale debt and other securities in an unrealized loss position during both the three and six months ended June 30, 2021 and 2020. At both June 30, 2021 and December 31, 2020, investment securities with a fair value of $11.0 billion were pledged to secure borrowings, public deposits, trust funds, derivative contracts and for other purposes as required or permitted by law. The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of June 30, 2021 are shown in the following table: ($ in millions) Available-for-Sale Debt and Other Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value Debt securities: (a) Less than 1 year $ 886 907 4 4 1-5 years 14,074 14,825 4 4 5-10 years 11,482 12,349 — — Over 10 years 9,119 9,411 2 2 Other securities 520 520 — — Total $ 36,081 38,012 10 10 (a) Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties. The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of: Less than 12 months 12 months or more Total ($ in millions) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized June 30, 2021 Agency residential mortgage-backed securities $ 701 (20) 1 — 702 (20) Agency commercial mortgage-backed securities 1,632 (36) — — 1,632 (36) Non-agency commercial mortgage-backed securities 1 — — — 1 — Asset-backed securities and other debt securities 435 (7) 843 (20) 1,278 (27) Total $ 2,769 (63) 844 (20) 3,613 (83) December 31, 2020 Agency residential mortgage-backed securities $ 426 (8) 1 — 427 (8) Agency commercial mortgage-backed securities 388 (5) — — 388 (5) Non-agency commercial mortgage-backed securities 2 — — — 2 — Asset-backed securities and other debt securities 520 (7) 603 (17) 1,123 (24) Total $ 1,336 (20) 604 (17) 1,940 (37) At both June 30, 2021 and December 31, 2020, $1 million of unrealized losses in the available-for-sale debt and other securities portfolio were represented by non-rated securities.

Loans and Leases

Loans and Leases	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Loans and Leases	Loans and Leases The Bancorp diversifies its loan and lease portfolio by offering a variety of loan and lease products with various payment terms and rate structures. The Bancorp’s commercial loan and lease portfolio consists of lending to various industry types. Management periodically reviews the performance of its loan and lease products to evaluate whether they are performing within acceptable interest rate and credit risk levels and changes are made to underwriting policies and procedures as needed. The Bancorp maintains an allowance to absorb loan and lease losses that are expected to be incurred over the remaining contractual terms of the related loans and leases. For further information on credit quality and the ALLL, refer to Note 6. The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of: ($ in millions) June 30, December 31, Loans and leases held for sale: Commercial and industrial loans $ 11 230 Commercial mortgage loans 33 7 Commercial construction loans 2 — Commercial leases — 39 Residential mortgage loans 5,684 4,465 Total loans and leases held for sale $ 5,730 4,741 Portfolio loans and leases: Commercial and industrial loans (a) $ 47,564 49,665 Commercial mortgage loans 10,347 10,602 Commercial construction loans 5,871 5,815 Commercial leases 3,238 2,915 Total commercial loans and leases $ 67,020 68,997 Residential mortgage loans (b) $ 16,131 15,928 Home equity 4,545 5,183 Indirect secured consumer loans 15,192 13,653 Credit card 1,793 2,007 Other consumer loans 3,052 3,014 Total consumer loans $ 40,713 39,785 Total portfolio loans and leases $ 107,733 108,782 (a) Includes $3.7 billion and $4.8 billion as of June 30, 2021 and December 31, 2020, respectively, related to the SBA’s Paycheck Protection Program. (b) Includes $39 as of December 31, 2020 of residential mortgage loans previously sold to GNMA for which the Bancorp was deemed to have regained effective control over under ASC Topic 860, but did not exercise its option to repurchase. Refer to Note 14 for further information. Portfolio loans and leases are recorded net of unearned income, which totaled $274 million as of June 30, 2021 and $280 million as of December 31, 2020. Additionally, portfolio loans and leases are recorded net of unamortized premiums and discounts, deferred direct loan origination fees and costs and fair value adjustments (associated with acquired loans or loans designated as fair value upon origination), which totaled a net premium of $356 million and $251 million as of June 30, 2021 and December 31, 2020, respectively. The amortized cost basis of loans and leases excludes accrued interest receivable of $372 million and $350 million at June 30, 2021 and December 31, 2020, respectively, which is presented as a component of other assets in the Condensed Consolidated Balance Sheets. The Bancorp’s FHLB and FRB borrowings are primarily secured by loans. The Bancorp had loans of $15.2 billion and $15.5 billion at June 30, 2021 and December 31, 2020, respectively, pledged at the FHLB, and loans of $42.0 billion and $37.8 billion at June 30, 2021 and December 31, 2020, respectively, pledged at the FRB. The following table presents a summary of the total loans and leases owned by the Bancorp as of: Carrying Value 90 Days Past Due ($ in millions) June 30, December 31, June 30, December 31, Commercial and industrial loans $ 47,575 49,895 2 39 Commercial mortgage loans 10,380 10,609 4 8 Commercial construction loans 5,873 5,815 — — Commercial leases 3,238 2,954 — 1 Residential mortgage loans 21,815 20,393 57 70 Home equity 4,545 5,183 1 2 Indirect secured consumer loans 15,192 13,653 4 10 Credit card 1,793 2,007 14 31 Other consumer loans 3,052 3,014 1 2 Total loans and leases $ 113,463 113,523 83 163 Less: Loans and leases held for sale $ 5,730 4,741 Total portfolio loans and leases $ 107,733 108,782 The following table presents a summary of net charge-offs (recoveries): For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Commercial and industrial loans $ 13 65 40 115 Commercial mortgage loans 6 2 8 4 Commercial leases (2) 11 (2) 16 Residential mortgage loans — 1 (1) 2 Home equity (1) 1 (1) 4 Indirect secured consumer loans — 7 9 20 Credit card 20 34 45 71 Other consumer loans 8 9 17 20 Total net charge-offs $ 44 130 115 252 The Bancorp engages in commercial lease products primarily related to the financing of commercial equipment. Leases are classified as sales-type if the Bancorp transfers control of the underlying asset to the lessee. The Bancorp classifies leases that do not meet any of the criteria for a sales-type lease as a direct financing lease if the present value of the sum of the lease payments and any residual value guaranteed by the lessee and/or any other third party equals or exceeds substantially all of the fair value of the underlying asset and the collection of the lease payments and residual value guarantee is probable. The following table presents the components of the net investment in leases as of: ($ in millions) (a) June 30, December 31, 2020 Net investment in direct financing leases: Lease payment receivable (present value) $ 1,161 1,400 Unguaranteed residual assets (present value) 167 181 Net discount on acquired leases — (1) Net investment in sales-type leases: Lease payment receivable (present value) 1,551 976 Unguaranteed residual assets (present value) 48 36 (a) Excludes $311 and $323 of leveraged leases at June 30, 2021 and December 31, 2020, respectively. Interest income recognized in the Condensed Consolidated Statements of Income for the three and six months ended June 30, 2021 was $11 million and $23 million, respectively, for direct financing leases and $10 million and $20 million, respectively, for sales-type leases. For the three and six months ended June 30, 2020, interest income recognized was $17 million and $35 million, respectively, for direct financing leases and $6 million and $13 million, respectively, for sales-type leases. The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2021 through 2026 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows: As of June 30, 2021 ($ in millions) Direct Financing Sales-Type Leases Remainder of 2021 $ 216 278 2022 350 479 2023 224 288 2024 160 216 2025 114 150 2026 69 82 Thereafter 105 165 Total undiscounted cash flows $ 1,238 1,658 Less: Difference between undiscounted cash flows and discounted cash flows 77 107 Present value of lease payments (recognized as lease receivables) $ 1,161 1,551 The lease residual value represents the present value of the estimated fair value of the leased equipment at the end of the lease. The Bancorp performs quarterly reviews of residual values associated with its leasing portfolio considering factors such as the subject equipment, structure of the transaction, industry, prior experience with the lessee and other factors that impact the residual value to assess for impairment. The Bancorp maintained an allowance of $24 million and $29 million at June 30, 2021 and December 31, 2020, respectively, to cover the losses that are expected to be incurred over the remaining contractual terms of the related leases, including the potential losses related to the residual value, in the net investment in leases. Refer to Note 6 for additional information on credit quality and the ALLL.

Credit Quality and the Allowanc

Credit Quality and the Allowance for Loan and Lease Losses	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Credit Quality and the Allowance for Loan and Lease Losses	Credit Quality and the Allowance for Loan and Lease Losses The Bancorp disaggregates ALLL balances and transactions in the ALLL by portfolio segment. Credit quality related disclosures for loans and leases are further disaggregated by class. Allowance for Loan and Lease Losses The following tables summarize transactions in the ALLL by portfolio segment: For the three months ended June 30, 2021 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,329 247 632 2,208 Losses charged off (a) (45) (1) (57) (103) Recoveries of losses previously charged off (a) 28 1 30 59 Benefit from loan and lease losses (88) (12) (31) (131) Balance, end of period $ 1,224 235 574 2,033 (a) The Bancorp recorded $8 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the three months ended June 30, 2020 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,313 260 775 2,348 Losses charged off (a) (81) (2) (80) (163) Recoveries of losses previously charged off (a) 3 1 29 33 Provision for loan and lease losses (b) 267 68 143 478 Balance, end of period $ 1,502 327 867 2,696 (a) The Bancorp recorded $9 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. (b) Includes $1 in Residential Mortgage related to the initial recognition of an ALLL on PCD loans. For the six months ended June 30, 2021 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,456 294 703 2,453 Losses charged off (a) (81) (2) (128) (211) Recoveries of losses previously charged off (a) 35 3 58 96 Benefit from loan and lease losses (186) (60) (59) (305) Balance, end of period $ 1,224 235 574 2,033 (a) The Bancorp recorded $18 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the six months ended June 30, 2020 ($ in millions) Commercial Residential Mortgage Consumer Unallocated Total Balance, beginning of period $ 710 73 298 121 1,202 Impact of adoption of ASU 2016-13 (a) 160 196 408 (121) 643 Losses charged off (b) (142) (4) (176) — (322) Recoveries of losses previously charged off (b) 7 2 61 — 70 Provision for loan and lease losses 767 60 276 — 1,103 Balance, end of period $ 1,502 327 867 — 2,696 (a) Includes $31, $2 and $1 in Commercial, Residential Mortgage and Consumer, respectively, related to the initial recognition of an ALLL on PCD loans. (b) The Bancorp recorded $22 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment: As of June 30, 2021 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 101 55 38 194 Collectively evaluated 1,123 180 536 1,839 Total ALLL $ 1,224 235 574 2,033 Portfolio loans and leases: (b) Individually evaluated $ 629 539 295 1,463 Collectively evaluated 66,391 15,441 24,287 106,119 Total portfolio loans and leases $ 67,020 15,980 24,582 107,582 (a) Includes $3 related to commercial leveraged leases at June 30, 2021. (b) Excludes $151 of residential mortgage loans measured at fair value and includes $311 of commercial leveraged leases, net of unearned income at June 30, 2021. As of December 31, 2020 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 114 68 43 225 Collectively evaluated 1,342 226 660 2,228 Total ALLL $ 1,456 294 703 2,453 Portfolio loans and leases: (b) Individually evaluated $ 962 628 273 1,863 Collectively evaluated 67,701 15,073 23,569 106,343 Purchased credit deteriorated (c) 334 66 15 415 Total portfolio loans and leases $ 68,997 15,767 23,857 108,621 (a) Includes $3 related to commercial leveraged leases at December 31, 2020. (b) Excludes $161 of residential mortgage loans measured at fair value and includes $323 of commercial leveraged leases, net of unearned income at December 31, 2020. (c) Includes $39 , as of December 31, 2020, of residential mortgage loans previously sold to GNMA for which the Bancorp was deemed to have regained effective control over under ASC Topic 860, but did not exercise its option to repurchase. Refer to Note 14 for further information. CREDIT RISK PROFILE Commercial Portfolio Segment For purposes of monitoring the credit quality and risk characteristics of its commercial portfolio segment, the Bancorp disaggregates the segment into the following classes: commercial and industrial, commercial mortgage owner-occupied, commercial mortgage nonowner-occupied, commercial construction and commercial leases. To facilitate the monitoring of credit quality within the commercial portfolio segment, the Bancorp utilizes the following categories of credit grades: pass, special mention, substandard, doubtful and loss. The five categories, which are derived from standard regulatory rating definitions, are assigned upon initial approval of credit to borrowers and updated periodically thereafter. Pass ratings, which are assigned to those borrowers that do not have identified potential or well-defined weaknesses and for which there is a high likelihood of orderly repayment, are updated at least annually based on the size and credit characteristics of the borrower. All other categories are updated on a quarterly basis during the month preceding the end of the calendar quarter. The Bancorp assigns a special mention rating to loans and leases that have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the loan or lease or the Bancorp’s credit position. The Bancorp assigns a substandard rating to loans and leases that are inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged. Substandard loans and leases have well-defined weaknesses or weaknesses that could jeopardize the orderly repayment of the debt. Loans and leases in this grade also are characterized by the distinct possibility that the Bancorp will sustain some loss if the deficiencies noted are not addressed and corrected. The Bancorp assigns a doubtful rating to loans and leases that have all the attributes of a substandard rating with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors that may work to the advantage of and strengthen the credit quality of the loan or lease, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors may include a proposed merger or acquisition, liquidation proceeding, capital injection, perfecting liens on additional collateral or refinancing plans. Loans and leases classified as loss are considered uncollectible and are charged off in the period in which they are determined to be uncollectible. Because loans and leases in this category are fully charged off, they are not included in the following tables. For loans and leases that are collectively evaluated, the Bancorp utilizes models to forecast expected credit losses over a reasonable and supportable forecast period based on the probability of a loan or lease defaulting, the expected balance at the estimated date of default and the expected loss percentage given a default. For the commercial portfolio segment, the estimates for probability of default are primarily based on internal ratings assigned to each commercial borrower on a 13-point scale and historical observations of how those ratings migrate to a default over time in the context of macroeconomic conditions. For loans with available credit, the estimate of the expected balance at the time of default considers expected utilization rates, which are primarily based on macroeconomic conditions and the utilization history of similar borrowers under those economic conditions. The estimates for loss severity are primarily based on collateral type and coverage levels and the susceptibility of those characteristics to changes in macroeconomic conditions. For more information about the Bancorp’s processes for developing these models, estimating credit losses for periods beyond the reasonable and supportable forecast period and for estimating credit losses for individually evaluated loans, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020. The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk grade: As of June 30, 2021 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2021 2020 2019 2018 2017 Prior Total Commercial and industrial loans: Pass $ 3,164 4,183 1,733 743 466 928 32,500 — 43,717 Special mention 17 33 35 26 30 21 1,210 — 1,372 Substandard 26 92 59 119 70 109 2,000 — 2,475 Doubtful — — — — — — — — — Total commercial and industrial loans $ 3,207 4,308 1,827 888 566 1,058 35,710 — 47,564 Commercial mortgage owner-occupied loans: Pass $ 517 927 596 358 246 513 1,140 — 4,297 Special mention 4 30 40 2 — 22 85 — 183 Substandard 38 67 11 25 2 27 107 — 277 Doubtful — — — — — — — — — Total commercial mortgage owner- occupied loans $ 559 1,024 647 385 248 562 1,332 — 4,757 Commercial mortgage nonowner-occupied loans: Pass $ 205 736 627 381 207 459 1,598 — 4,213 Special mention 31 120 57 61 8 — 338 — 615 Substandard 31 195 26 64 3 11 432 — 762 Doubtful — — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 267 1,051 710 506 218 470 2,368 — 5,590 Commercial construction loans: Pass $ 28 73 47 27 — 11 4,715 — 4,901 Special mention — 66 — — — — 442 — 508 Substandard 15 — — — — — 447 — 462 Doubtful — — — — — — — — — Total commercial construction loans $ 43 139 47 27 — 11 5,604 — 5,871 Commercial leases: Pass $ 732 511 350 276 297 989 — — 3,155 Special mention 1 7 7 5 — 4 — — 24 Substandard 10 3 7 12 16 11 — — 59 Doubtful — — — — — — — — — Total commercial leases $ 743 521 364 293 313 1,004 — — 3,238 Total commercial loans and leases: Pass $ 4,646 6,430 3,353 1,785 1,216 2,900 39,953 — 60,283 Special mention 53 256 139 94 38 47 2,075 — 2,702 Substandard 120 357 103 220 91 158 2,986 — 4,035 Doubtful — — — — — — — — — Total commercial loans and leases $ 4,819 7,043 3,595 2,099 1,345 3,105 45,014 — 67,020 As of December 31, 2020 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2020 2019 2018 2017 2016 Prior Total Commercial and industrial loans: Pass $ 7,042 2,144 1,114 700 471 703 31,657 — 43,831 Special mention 66 46 167 46 5 21 2,317 — 2,668 Substandard 119 80 107 60 39 104 2,639 — 3,148 Doubtful — 2 9 — — — 7 — 18 Total commercial and industrial loans $ 7,227 2,272 1,397 806 515 828 36,620 — 49,665 Commercial mortgage owner-occupied loans: Pass $ 1,047 655 416 288 249 420 1,025 — 4,100 Special mention 58 12 16 7 2 17 64 — 176 Substandard 211 17 33 7 13 30 88 — 399 Doubtful — — — — — — — — — Total commercial mortgage owner-occupied loans $ 1,316 684 465 302 264 467 1,177 — 4,675 Commercial mortgage nonowner-occupied loans: Pass $ 902 679 548 247 223 341 1,626 — 4,566 Special mention 252 68 17 8 36 9 416 — 806 Substandard 149 3 49 14 2 25 301 — 543 Doubtful 12 — — — — — — — 12 Total commercial mortgage nonowner-occupied loans $ 1,315 750 614 269 261 375 2,343 — 5,927 Commercial construction loans: Pass $ 98 49 27 — 9 12 4,721 — 4,916 Special mention 67 — — — — — 591 — 658 Substandard 8 — — — — — 233 — 241 Doubtful — — — — — — — — — Total commercial construction loans $ 173 49 27 — 9 12 5,545 — 5,815 Commercial leases: Pass $ 622 374 315 369 314 824 — — 2,818 Special mention 5 16 5 — — — — — 26 Substandard 7 4 16 21 6 17 — — 71 Doubtful — — — — — — — — — Total commercial leases $ 634 394 336 390 320 841 — — 2,915 Total commercial loans and leases: Pass $ 9,711 3,901 2,420 1,604 1,266 2,300 39,029 — 60,231 Special mention 448 142 205 61 43 47 3,388 — 4,334 Substandard 494 104 205 102 60 176 3,261 — 4,402 Doubtful 12 2 9 — — — 7 — 30 Total commercial loans and leases $ 10,665 4,149 2,839 1,767 1,369 2,523 45,685 — 68,997 Age Analysis of Past Due Commercial Loans and Leases The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class: Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of June 30, 2021 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans $ 47,398 111 55 166 47,564 2 Commercial mortgage owner-occupied loans 4,706 35 16 51 4,757 4 Commercial mortgage nonowner-occupied loans 5,587 1 2 3 5,590 — Commercial construction loans 5,871 — — — 5,871 — Commercial leases 3,224 13 1 14 3,238 — Total portfolio commercial loans and leases $ 66,786 160 74 234 67,020 6 (a) Includes accrual and nonaccrual loans and leases. Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of December 31, 2020 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans $ 49,421 119 125 244 49,665 39 Commercial mortgage owner-occupied loans 4,645 7 23 30 4,675 7 Commercial mortgage nonowner-occupied loans 5,860 31 36 67 5,927 1 Commercial construction loans 5,808 7 — 7 5,815 — Commercial leases 2,906 7 2 9 2,915 1 Total portfolio commercial loans and leases $ 68,640 171 186 357 68,997 48 (a) Includes accrual and nonaccrual loans and leases. Residential Mortgage and Consumer Portfolio Segments For purposes of monitoring the credit quality and risk characteristics of its consumer portfolio segment, the Bancorp disaggregates the segment into the following classes: home equity, indirect secured consumer loans, credit card and other consumer loans. The Bancorp’s residential mortgage portfolio segment is also a separate class. The Bancorp considers repayment performance as the best indicator of credit quality for residential mortgage and consumer loans, which includes both the delinquency status and performing versus nonperforming status of the loans. The delinquency status of all residential mortgage and consumer loans and the performing versus nonperforming status is presented in the following table. Refer to the nonaccrual loans and leases section of Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020 for additional delinquency and nonperforming information. Loans and leases which received payment deferrals or forbearances as part of the Bancorp’s COVID-19 customer relief programs are generally not reported as delinquent during the forbearance or deferral period if the loan or lease was less than 30 days past due at March 1, 2020 (the effective date of the COVID-19 national emergency declaration) unless the loan or lease subsequently becomes delinquent according to its modified terms. Refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020 for additional information. For collectively evaluated loans in the consumer and residential mortgage portfolio segments, the Bancorp’s expected credit loss models primarily utilize the borrower’s FICO score and delinquency history in combination with macroeconomic conditions when estimating the probability of default. The estimates for loss severity are primarily based on collateral type and coverage levels and the susceptibility of those characteristics to changes in macroeconomic conditions. The expected balance at the estimated date of default is also particularly significant for portfolio classes which generally have longer terms (such as residential mortgage loans and home equity) and portfolio classes containing a high concentration of loans with revolving privileges (such as credit card and home equity). The estimate of the expected balance at the time of default considers expected prepayment and utilization rates where applicable, which are primarily based on macroeconomic conditions and the utilization history of similar borrowers under those economic conditions. Refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020 for additional information about the Bancorp’s process for developing these models and its process for estimating credit losses for periods beyond the reasonable and supportable forecast period. The following tables present the amortized cost basis of the Bancorp’s residential mortgage and consumer portfolio segments, by class and vintage, disaggregated by both age and performing versus nonperforming status: As of June 30, 2021 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2021 2020 2019 2018 2017 Prior Total Residential mortgage loans: Performing: Current (a) $ 3,080 3,840 1,696 574 1,226 5,439 — — 15,855 30-89 days past due 1 2 1 — 2 13 — — 19 90 days or more past due — 3 4 2 5 43 — — 57 Total performing 3,081 3,845 1,701 576 1,233 5,495 — — 15,931 Nonperforming — — — 1 3 45 — — 49 Total residential mortgage loans (b) $ 3,081 3,845 1,701 577 1,236 5,540 — — 15,980 Home equity: Performing: Current $ 1 9 18 23 3 134 4,243 8 4,439 30-89 days past due — — — — — 3 17 — 20 90 days or more past due — — — — — 1 — — 1 Total performing 1 9 18 23 3 138 4,260 8 4,460 Nonperforming — — — — — 10 74 1 85 Total home equity $ 1 9 18 23 3 148 4,334 9 4,545 Indirect secured consumer loans: Performing: Current $ 4,691 5,268 2,930 1,252 593 337 — — 15,071 30-89 days past due 5 17 20 15 7 4 — — 68 90 days or more past due — 1 1 1 1 — — — 4 Total performing 4,696 5,286 2,951 1,268 601 341 — — 15,143 Nonperforming — 29 6 7 4 3 — — 49 Total indirect secured consumer loans $ 4,696 5,315 2,957 1,275 605 344 — — 15,192 Credit card: Performing: Current $ — — — — — — 1,737 — 1,737 30-89 days past due — — — — — — 15 — 15 90 days or more past due — — — — — — 14 — 14 Total performing — — — — — — 1,766 — 1,766 Nonperforming — — — — — — 27 — 27 Total credit card $ — — — — — — 1,793 — 1,793 Other consumer loans: Performing: Current $ 451 702 382 371 138 57 936 1 3,038 30-89 days past due 1 2 3 2 1 — 2 — 11 90 days or more past due — — 1 — — — — — 1 Total performing 452 704 386 373 139 57 938 1 3,050 Nonperforming — 1 — — — — 1 — 2 Total other consumer loans $ 452 705 386 373 139 57 939 1 3,052 Total residential mortgage and consumer loans: Performing: Current $ 8,223 9,819 5,026 2,220 1,960 5,967 6,916 9 40,140 30-89 days past due 7 21 24 17 10 20 34 — 133 90 days or more past due — 4 6 3 6 44 14 — 77 Total performing 8,230 9,844 5,056 2,240 1,976 6,031 6,964 9 40,350 Nonperforming — 30 6 8 7 58 102 1 212 Total residential mortgage and consumer loans (b) $ 8,230 9,874 5,062 2,248 1,983 6,089 7,066 10 40,562 (a) Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of June 30, 2021, $65 of these loans were 30-89 days past due and $163 were 90 days or more past due. The Bancorp recognized an immaterial amount and $1 of losses during the three and six months ended June 30, 2021, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $151 of residential mortgage loans measured at fair value at June 30, 2021. As of December 31, 2020 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2020 2019 2018 2017 2016 Prior Total Residential mortgage loans: Performing: Current (a) $ 4,006 2,128 827 1,635 2,301 4,719 — — 15,616 30-89 days past due 1 1 3 3 1 12 — — 21 90 days or more past due — 6 2 7 7 48 — — 70 Total performing 4,007 2,135 832 1,645 2,309 4,779 — — 15,707 Nonperforming 1 — 2 2 3 52 — — 60 Total residential mortgage loans (b) $ 4,008 2,135 834 1,647 2,312 4,831 — — 15,767 Home equity: Performing: Current $ 11 24 30 4 2 153 4,825 10 5,059 30-89 days past due — — — — — 3 33 — 36 90 days or more past due — — — — — 2 — — 2 Total performing 11 24 30 4 2 158 4,858 10 5,097 Nonperforming — — — — — 10 75 1 86 Total home equity $ 11 24 30 4 2 168 4,933 11 5,183 Indirect secured consumer loans: Performing: Current $ 6,626 3,752 1,678 860 372 214 — — 13,502 30-89 days past due 25 41 31 17 7 4 — — 125 90 days or more past due 1 2 3 2 1 1 — — 10 Total performing 6,652 3,795 1,712 879 380 219 — — 13,637 Nonperforming 1 5 4 3 2 1 — — 16 Total indirect secured consumer loans $ 6,653 3,800 1,716 882 382 220 — — 13,653 Credit card: Performing: Current $ — — — — — — 1,914 — 1,914 30-89 days past due — — — — — — 30 — 30 90 days or more past due — — — — — — 31 — 31 Total performing — — — — — — 1,975 — 1,975 Nonperforming — — — — — — 32 — 32 Total credit card $ — — — — — — 2,007 — 2,007 Other consumer loans: Performing: Current $ 883 546 437 178 32 40 878 1 2,995 30-89 days past due 2 5 4 2 — — 2 — 15 90 days or more past due — 2 — — — — — — 2 Total performing 885 553 441 180 32 40 880 1 3,012 Nonperforming — — — — — 1 1 — 2 Total other consumer loans $ 885 553 441 180 32 41 881 1 3,014 Total residential mortgage and consumer loans: Performing: Current $ 11,526 6,450 2,972 2,677 2,707 5,126 7,617 11 39,086 30-89 days past due 28 47 38 22 8 19 65 — 227 90 days or more past due 1 10 5 9 8 51 31 — 115 Total performing 11,555 6,507 3,015 2,708 2,723 5,196 7,713 11 39,428 Nonperforming 2 5 6 5 5 64 108 1 196 Total residential mortgage and consumer loans (b) $ 11,557 6,512 3,021 2,713 2,728 5,260 7,821 12 39,624 (a) Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of December 31, 2020, $103 of these loans were 30-89 days past due and $242 were 90 days or more past due. The Bancorp recognized $1 and $2 of losses during the three and six months ended June 30, 2020, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $161 of residential mortgage loans measured at fair value at December 31, 2020. Collateral-Dependent Loans and Leases The Bancorp considers a loan or lease to be collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. When a loan or lease is collateral-dependent, its fair value is generally based on the fair value less cost to sell of the underlying collateral. The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of: ($ in millions) June 30, December 31, Commercial loans and leases: Commercial and industrial loans $ 539 810 Commercial mortgage owner-occupied loans 35 101 Commercial mortgage nonowner-occupied loans 29 82 Commercial construction loans 18 19 Commercial leases 8 6 Total commercial loans and leases $ 629 1,018 Residential mortgage loans 67 80 Consumer loans: Home equity 65 71 Indirect secured consumer loans 9 9 Total consumer loans $ 74 80 Total portfolio loans and leases $ 770 1,178 Nonperforming Assets Nonperforming assets include nonaccrual loans and leases for which ultimate collectability of the full amount of the principal and/or interest is uncertain; restructured loans which have not yet met the requirements to be returned to accrual status; certain restructured consumer and residential mortgage loans which are 90 days past due based on the restructured terms unless the loan is both well-secured and in the process of collection; and certain other assets, including OREO and other repossessed property. The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of: June 30, 2021 December 31, 2020 ($ in millions) With an ALLL No Related Total With an ALLL No Related Total Commercial loans and leases: Commercial and industrial loans $ 181 167 348 213 260 473 Commercial mortgage owner-occupied loans 11 17 28 20 60 80 Commercial mortgage nonowner-occupied loans 23 1 24 34 43 77 Commercial construction loans — — — 1 — 1 Commercial leases 6 3 9 6 1 7 Total nonaccrual portfolio commercial loans and leases $ 221 188 409 274 364 638 Residential mortgage loans 3 46 49 11 49 60 Consumer loans: Home equity 56 29 85 55 31 86 Indirect secured consumer loans 42 7 49 8 8 16 Credit card 27 — 27 32 — 32 Other consumer loans 2 — 2 2 — 2 Total nonaccrual portfolio consumer loans $ 127 36 163 97 39 136 Total nonaccrual portfolio loans and leases (a)(b) $ 351 270 621 382 452 834 OREO and other repossessed property — 36 36 — 30 30 Total nonperforming portfolio assets (a)(b) $ 351 306 657 382 482 864 (a) Excludes $13 and $5 of nonaccrual loans held for sale as of June 30, 2021 and December 31, 2020, respectively, and $27 and $1 of nonaccrual restructured loans held for sale as of June 30, 2021 and December 31, 2020, respectively. (b) Includes $26 and $29 of nonaccrual government insured commercial loans whose repayments are insured by the SBA as of June 30, 2021 and December 31, 2020, respectively, of which $13 and $17 are restructured nonaccrual government insured commercial loans as of June 30, 2021 and December 31, 2020, respectively. The following table presents the interest income recognized on the Bancorp’s nonaccrual loans and leases, by class: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Commercial loans and leases: Commercial and industrial loans $ 4 3 9 4 Commercial mortgage owner-occupied loans 2 — 7 — Commercial mortgage nonowner-occupied loans 2 — 2 — Commercial leases — — — 1 Total nonaccrual portfolio commercial loans and leases $ 8 3 18 5 Residential mortgage loans 6 7 13 15 Consumer loans: Home equity 2 2 4 5 Indirect secured consumer loans — — 1 — Credit card 1 1 2 2 Total nonaccrual portfolio consumer loans $ 3 3 7 7 Total nonaccrual portfolio loans and leases $ 17 13 38 27 The Bancorp’s amortized cost basis of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction was $118 million and $136 million as of June 30, 2021 and December 31, 2020, respectively. Troubled Debt Restructurings A loan is accounted for as a TDR if the Bancorp, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider. TDRs include concessions granted under reorganization, arrangement or other provisions of the Federal Bankruptcy Act. Within each of the Bancorp’s loan classes, TDRs typically involve either a reduction of the stated interest rate of the loan, an extension of the loan’s maturity date with a stated rate lower than the current market rate for a new loan with similar risk, or in limited circumstances, a reduction of the principal balance of the loan or the loan’s accrued interest. Modifying the terms of a loan may result in an increase or decrease to the ALLL depending upon the terms modified, the method used to measure the ALLL for a loan prior to modification, the extent of collateral, and whether any charge-offs were recorded on the loan before or at the time of modification. Refer to the ALLL section of Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020 for information on the Bancorp’s ALLL methodology. Upon modification of a loan, the Bancorp measures the expected credit loss as either the difference between the amortized cost of the loan and the fair value of collateral less cost to sell or the difference between the estimated future cash flows expected to be collected on the modified loan, discounted at the original effective yield of the loan, and the carrying value of the loan. The resulting measurement may result in the need for minimal or no allowance regardless of which is used because it is probable that all cash flows will be collected under the modified terms of the loan. In addition, if the stated interest rate was increased in a TDR that is not collateral-dependent, the cash flows on the modified loan, using the pre-modification interest rate as the discount rate, often exceed the amortized cost basis of the loan. Conversely, upon a modification that reduces the stated interest rate on a loan that is not collateral-dependent, the Bancorp recognizes an increase to the ALLL. If a TDR involves a reduction of the principal balance of the loan or the loan’s accrued interest, that amount is charged off to the ALLL. Loans discharged in a Chapter 7 bankruptcy and not reaffirmed by the borrower are treated as nonaccrual collateral-dependent loans with a charge-off recognized to reduce the carrying values of such loans to the fair value of the related collateral less costs to sell. Certain loan modifications which were made in response to the COVID-19 pandemic were not evaluated for classification as a TDR. Refer to the Regulatory Developments Related to the COVID-19 Pandemic section of Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020 for additional information. The Bancorp had commitments to lend additional funds to borrowers whose terms have been modified in a TDR, consisting of line of credit and letter of credit commitments of $41 million and $67 million, respectively, as of June 30, 2021 compared to $67 million and $72 million, respectively, as of December 31, 2020. The following tables provide a summary of portfolio loans, by class, modified in a TDR by the Bancorp during the three months ended: June 30, 2021 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 7 $ 25 — — Residential mortgage loans 124 23 1 — Consumer loans: Home equity 39 2 — — Indirect secured consumer loans 450 8 — — Credit card 1,373 8 1 — Total portfolio loans 1,993 $ 66 2 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. June 30, 2020 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase to ALLL Upon Modification Charge-offs Commercial loans: Commercial and industrial loans 33 $ 107 14 — Commercial mortgage owner-occupied loans 17 12 — — Commercial mortgage nonowner-occupied loans 9 14 — — Commercial construction 2 21 1 — Residential mortgage loans 109 13 1 — Consumer loans: Home equity 21 2 — — Indirect secured consumer loans 20 — — — Credit card 973 5 2 — Total portfolio loans 1,184 $ 174 18 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. The following tables provide a summary of portfolio loans, by class, modified in a TDR by the Bancorp during the six months ended: June 30, 2021 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 26 $ 31 1 — Commercial mortgage owner-occupied loans 1 4 — — Commercial mortgage nonowner-occupied loans 3 25 — — Residential mortgage loans 302 59 2 — Consumer loans: Home equity 97 5 (1) — Indirect secured consumer loans 2,193 51 1 — Credit card 3,168 18 4 — Total portfolio loans 5,790 $ 193 7 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. June 30, 2020 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Recorded Investment Increase Charge-offs Commercial

Bank Premises and Equipment

Bank Premises and Equipment	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Bank Premises and Equipment	Bank Premises and Equipment The following table provides a summary of bank premises and equipment as of: ($ in millions) June 30, December 31, Equipment $ 2,348 2,302 Buildings (a) 1,625 1,612 Land and improvements (a) 641 636 Leasehold improvements 472 467 Construction in progress (a) 103 108 Bank premises and equipment held for sale: Land and improvements 18 27 Buildings 7 8 Accumulated depreciation and amortization (3,141) (3,072) Total bank premises and equipment $ 2,073 2,088 (a) Buildings, land and improvements and construction in progress included $50 and $46 associated with parcels of undeveloped land intended for future branch expansion at June 30, 2021 and December 31, 2020, respectively. The Bancorp monitors changing customer preferences associated with the channels it uses for banking transactions to evaluate the efficiency, competitiveness and quality of the customer service experience in its consumer distribution network. As part of this ongoing assessment, the Bancorp may determine that it is no longer fully committed to maintaining full-service banking centers at certain locations. Similarly, the Bancorp may also determine that it is no longer fully committed to building banking centers on certain parcels of land which had previously been held for future branch expansion. The Bancorp closed a total of 43 banking centers throughout its footprint during the six months ended June 30, 2021. The Bancorp performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. Impairment losses associated with such assessments and lower of cost or market adjustments were $2 million and $12 million for the three months ended June 30, 2021 and 2020, respectively, and $4 million and $14 million for the six months ended June 30, 2021 and 2020, respectively. The recognized impairment losses were recorded in other noninterest income in the Condensed Consolidated Statements of Income.

Operating Lease Equipment

Operating Lease Equipment	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Operating Lease Equipment	Operating Lease Equipment Operating lease equipment was $715 million and $777 million at June 30, 2021 and December 31, 2020, respectively, net of accumulated depreciation of $298 million and $290 million at June 30, 2021 and December 31, 2020, respectively. The Bancorp recorded lease income of $39 million relating to lease payments for operating leases in leasing business revenue in the Condensed Consolidated Statements of Income during both the three months ended June 30, 2021 and 2020, and $78 million during both the six months ended June 30, 2021 and 2020. Depreciation expense related to operating lease equipment was $31 million during both the three months ended June 30, 2021 and 2020, and $64 million and $63 million during the six months ended June 30, 2021 and 2020, respectively. The Bancorp received payments of $80 million related to operating leases during both the six months ended June 30, 2021 and 2020. The Bancorp performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. As a result of these recoverability assessments, the Bancorp recognized an immaterial amount of impairment losses associated with operating lease assets for both the three months ended June 30, 2021 and 2020 and recognized $25 million and $3 million of impairment losses for the six months ended June 30, 2021 and 2020, respectively. The recognized impairment losses were recorded in leasing business revenue in the Condensed Consolidated Statements of Income. The following table presents future lease payments receivable from operating leases for the remainder of 2021 through 2026 and thereafter: As of June 30, 2021 ($ in millions) Undiscounted Remainder of 2021 $ 73 2022 129 2023 102 2024 65 2025 42 2026 26 Thereafter 39 Total operating lease payments $ 476

Lease Obligations - Lessee

Lease Obligations - Lessee	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Lease Obligations - Lessee	Lease Obligations – Lessee The Bancorp leases certain banking centers, ATM sites, land for owned buildings and equipment. The Bancorp’s lease agreements typically do not contain any residual value guarantees or any material restrictive covenants. For more information on the accounting for lease obligations, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020. The following table provides a summary of lease assets and lease liabilities as of: ($ in millions) Condensed Consolidated Balance Sheets Caption June 30, December 31, Assets Operating lease right-of-use assets Other assets $ 425 423 Finance lease right-of-use assets Bank premises and equipment 144 129 Total right-of-use assets (a) $ 569 552 Liabilities Operating lease liabilities Accrued taxes, interest and expenses $ 523 527 Finance lease liabilities Long-term debt 146 130 Total lease liabilities $ 669 657 (a) Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $169 and $38, respectively, as of June 30, 2021, and $152 and $29, respectively, as of December 31, 2020. The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the six months ended 2021 2020 2021 2020 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 4 2 9 3 Interest on lease liabilities Interest on long-term debt 1 — 2 1 Total finance lease costs $ 5 2 11 4 Operating lease cost Net occupancy expense $ 19 22 39 46 Short-term lease cost Net occupancy expense — — 1 1 Variable lease cost Net occupancy expense 8 7 16 14 Sublease income Net occupancy expense — — (1) (1) Total operating lease costs $ 27 29 55 60 Total lease costs $ 32 31 66 64 The Bancorp performs impairment assessments for ROU assets when events or changes in circumstances indicate that their carrying values may not be recoverable. In addition to the lease costs disclosed in the table above, the Bancorp recognized $2 million and $3 million of impairment losses and termination charges for the ROU assets related to certain operating leases during the three months ended June 30, 2021 and 2020, respectively, and $2 million and $5 million during the six months ended June 30, 2021 and 2020, respectively. The recognized losses were recorded in net occupancy expense in the Condensed Consolidated Statements of Income. The following table presents undiscounted cash flows payable for both operating leases and finance leases for the remainder of 2021 through 2026 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities as follows: As of June 30, 2021 ($ in millions) Operating Leases Finance Leases Total Remainder of 2021 $ 44 9 53 2022 83 20 103 2023 76 18 94 2024 68 18 86 2025 60 12 72 2026 51 6 57 Thereafter 220 100 320 Total undiscounted cash flows $ 602 183 785 Less: Difference between undiscounted cash flows and discounted cash flows 79 37 116 Present value of lease liabilities $ 523 146 669 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: June 30, December 31, Weighted-average remaining lease term (years): Operating leases 9.09 9.06 Finance leases 14.42 12.93 Weighted-average discount rate: Operating leases 2.95 % 3.05 Finance leases 2.58 2.39 The following table presents information related to lease transactions for the six months ended June 30: ($ in millions) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 44 47 Operating cash flows from finance leases 2 1 Financing cash flows from finance leases 9 2 Gains on sale-leaseback transactions 2 — (a) The cash flows related to the short-term and variable lease payments are not included in the amounts in the table as they were not included in the measurement of lease liabilities.
Lease Obligations - Lessee	Lease Obligations – Lessee The Bancorp leases certain banking centers, ATM sites, land for owned buildings and equipment. The Bancorp’s lease agreements typically do not contain any residual value guarantees or any material restrictive covenants. For more information on the accounting for lease obligations, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020. The following table provides a summary of lease assets and lease liabilities as of: ($ in millions) Condensed Consolidated Balance Sheets Caption June 30, December 31, Assets Operating lease right-of-use assets Other assets $ 425 423 Finance lease right-of-use assets Bank premises and equipment 144 129 Total right-of-use assets (a) $ 569 552 Liabilities Operating lease liabilities Accrued taxes, interest and expenses $ 523 527 Finance lease liabilities Long-term debt 146 130 Total lease liabilities $ 669 657 (a) Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $169 and $38, respectively, as of June 30, 2021, and $152 and $29, respectively, as of December 31, 2020. The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the six months ended 2021 2020 2021 2020 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 4 2 9 3 Interest on lease liabilities Interest on long-term debt 1 — 2 1 Total finance lease costs $ 5 2 11 4 Operating lease cost Net occupancy expense $ 19 22 39 46 Short-term lease cost Net occupancy expense — — 1 1 Variable lease cost Net occupancy expense 8 7 16 14 Sublease income Net occupancy expense — — (1) (1) Total operating lease costs $ 27 29 55 60 Total lease costs $ 32 31 66 64 The Bancorp performs impairment assessments for ROU assets when events or changes in circumstances indicate that their carrying values may not be recoverable. In addition to the lease costs disclosed in the table above, the Bancorp recognized $2 million and $3 million of impairment losses and termination charges for the ROU assets related to certain operating leases during the three months ended June 30, 2021 and 2020, respectively, and $2 million and $5 million during the six months ended June 30, 2021 and 2020, respectively. The recognized losses were recorded in net occupancy expense in the Condensed Consolidated Statements of Income. The following table presents undiscounted cash flows payable for both operating leases and finance leases for the remainder of 2021 through 2026 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities as follows: As of June 30, 2021 ($ in millions) Operating Leases Finance Leases Total Remainder of 2021 $ 44 9 53 2022 83 20 103 2023 76 18 94 2024 68 18 86 2025 60 12 72 2026 51 6 57 Thereafter 220 100 320 Total undiscounted cash flows $ 602 183 785 Less: Difference between undiscounted cash flows and discounted cash flows 79 37 116 Present value of lease liabilities $ 523 146 669 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: June 30, December 31, Weighted-average remaining lease term (years): Operating leases 9.09 9.06 Finance leases 14.42 12.93 Weighted-average discount rate: Operating leases 2.95 % 3.05 Finance leases 2.58 2.39 The following table presents information related to lease transactions for the six months ended June 30: ($ in millions) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 44 47 Operating cash flows from finance leases 2 1 Financing cash flows from finance leases 9 2 Gains on sale-leaseback transactions 2 — (a) The cash flows related to the short-term and variable lease payments are not included in the amounts in the table as they were not included in the measurement of lease liabilities.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Intangible Assets Intangible assets consist of core deposit intangibles, customer relationships, operating leases, non-compete agreements, trade names and books of business. Intangible assets are amortized on either a straight-line or an accelerated basis over their estimated useful lives and, based on the type of intangible asset, the amortization expense may be recorded in either leasing business revenue or other noninterest expense in the Condensed Consolidated Statements of Income. The details of the Bancorp’s intangible assets are shown in the following table: ($ in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount As of June 30, 2021 Core deposit intangibles $ 229 (135) 94 Customer relationships 24 (6) 18 Operating leases 14 (11) 3 Other 3 (1) 2 Total intangible assets $ 270 (153) 117 As of December 31, 2020 Core deposit intangibles $ 229 (116) 113 Customer relationships 24 (5) 19 Operating leases 17 (12) 5 Other 3 (1) 2 Total intangible assets $ 273 (134) 139 As of June 30, 2021, all of the Bancorp’s intangible assets were being amortized. Amortization expense recognized on intangible assets was $10 million and $13 million for the three months ended June 30, 2021 and 2020, respectively, and $22 million and $29 million for the six months ended June 30, 2021 and 2020, respectively. The Bancorp’s projections of amortization expense shown in the following table are based on existing asset balances as of June 30, 2021. Future amortization expense may vary from these projections. Estimated amortization expense for the remainder of 2021 through 2025 is as follows: ($ in millions) Total Remainder of 2021 $ 20 2022 33 2023 24 2024 16 2025 9

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities The Bancorp, in the normal course of business, engages in a variety of activities that involve VIEs, which are legal entities that lack sufficient equity at risk to finance their activities without additional subordinated financial support or the equity investors of the entities as a group lack any of the characteristics of a controlling interest. The Bancorp evaluates its interest in certain entities to determine if these entities meet the definition of a VIE and whether the Bancorp is the primary beneficiary and should consolidate the entity based on the variable interests it held both at inception and when there is a change in circumstances that requires a reconsideration. If the Bancorp is determined to be the primary beneficiary of a VIE, it must account for the VIE as a consolidated subsidiary. If the Bancorp is determined not to be the primary beneficiary of a VIE but holds a variable interest in the entity, such variable interests are accounted for under the equity method of accounting or other accounting standards as appropriate. Consolidated VIEs The Bancorp has consolidated VIEs related to certain automobile loan securitizations where it has determined that it is the primary beneficiary. The following table provides a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets for consolidated VIEs as of: ($ in millions) June 30, December 31, Assets: Other short-term investments $ 33 55 Indirect secured consumer loans 455 756 ALLL (3) (7) Other assets 3 5 Total assets $ 488 809 Liabilities: Other liabilities $ 1 2 Long-term debt 400 656 Total liabilities $ 401 658 The Bancorp has previously completed securitization transactions in which the Bancorp transferred certain consumer automobile loans to bankruptcy remote trusts which were also deemed to be VIEs. In each of these securitization transactions, the primary purposes of the VIEs were to issue asset-backed securities with varying levels of credit subordination and payment priority, as well as residual interests, and to provide the Bancorp with access to liquidity for its originated loans. The Bancorp retained residual interests in the VIEs and, therefore, has an obligation to absorb losses and a right to receive benefits from the VIEs that could potentially be significant to the VIEs. In addition, the Bancorp retained servicing rights for the underlying loans and, therefore, holds the power to direct the activities of the VIEs that most significantly impact the economic performance of the VIEs. As a result, the Bancorp concluded that it is the primary beneficiary of the VIEs and has consolidated these VIEs. The assets of the VIEs are restricted to the settlement of the asset-backed securities and other obligations of the VIEs. The third-party holders of the asset-backed notes do not have recourse to the general assets of the Bancorp. The economic performance of the VIEs is most significantly impacted by the performance of the underlying loans. The principal risks to which the VIEs are exposed include credit risk and prepayment risk. The credit and prepayment risks are managed through credit enhancements in the form of reserve accounts, overcollateralization, excess interest on the loans and the subordination of certain classes of asset-backed securities to other classes. Non-consolidated VIEs The following tables provide a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets related to non-consolidated VIEs for which the Bancorp holds an interest, but is not the primary beneficiary of the VIE, as well as the Bancorp’s maximum exposure to losses associated with its interests in the entities as of: June 30, 2021 ($ in millions) Total Total Maximum CDC investments $ 1,668 519 1,668 Private equity investments 117 — 208 Loans provided to VIEs 2,872 — 4,268 Lease pool entities 75 — 75 December 31, 2020 ($ in millions) Total Total Maximum CDC investments $ 1,546 478 1,546 Private equity investments 117 — 200 Loans provided to VIEs 2,420 — 3,649 Lease pool entities 73 — 73 CDC investments CDC, a wholly-owned indirect subsidiary of the Bancorp, was created to invest in projects to create affordable housing, revitalize business and residential areas and preserve historic landmarks. CDC generally co-invests with other unrelated companies and/or individuals and typically makes investments in a separate legal entity that owns the property under development. The entities are usually formed as limited partnerships and LLCs and CDC typically invests as a limited partner/investor member in the form of equity contributions. The economic performance of the VIEs is driven by the performance of their underlying investment projects as well as the VIEs’ ability to operate in compliance with the rules and regulations necessary for the qualification of tax credits generated by equity investments. The Bancorp has determined that it is not the primary beneficiary of these VIEs because it lacks the power to direct the activities that most significantly impact the economic performance of the underlying project or the VIEs’ ability to operate in compliance with the rules and regulations necessary for the qualification of tax credits generated by equity investments. This power is held by the managing members who exercise full and exclusive control of the operations of the VIEs. For information regarding the Bancorp’s accounting for these investments, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020. The Bancorp’s funding requirements are limited to its invested capital and any additional unfunded commitments for future equity contributions. The Bancorp’s maximum exposure to loss as a result of its involvement with the VIEs is limited to the carrying amounts of the investments, including the unfunded commitments. The carrying amounts of these investments, which are included in other assets in the Condensed Consolidated Balance Sheets, and the liabilities related to the unfunded commitments, which are included in other liabilities in the Condensed Consolidated Balance Sheets, are included in the previous tables for all periods presented. The Bancorp has no other liquidity arrangements or obligations to purchase assets of the VIEs that would expose the Bancorp to a loss. In certain arrangements, the general partner/managing member of the VIE has guaranteed a level of projected tax credits to be received by the limited partners/investor members, thereby minimizing a portion of the Bancorp’s risk. The Bancorp’s CDC investments included $1.4 billion and $1.3 billion of investments in affordable housing tax credits recognized in other assets in the Condensed Consolidated Balance Sheets at June 30, 2021 and December 31, 2020, respectively. The unfunded commitments related to these investments were $514 million and $478 million at June 30, 2021 and December 31, 2020, respectively. The unfunded commitments as of June 30, 2021 are expected to be funded from 2021 to 2039. The Bancorp has accounted for all of its qualifying LIHTC investments using the proportional amortization method of accounting. The following table summarizes the impact to the Condensed Consolidated Statements of Income related to these investments: Condensed Consolidated Statements of Income Caption (a) For the three months ended June 30, For the six months ended June 30, ($ in millions) 2021 2020 2021 2020 Proportional amortization Applicable income tax expense $ 43 27 87 32 Tax credits and other benefits Applicable income tax expense (50) (32) (101) (37) (a) The Bancorp did not recognize impairment losses resulting from the forfeiture or ineligibility of tax credits or other circumstances during both the three and six months ended June 30, 2021 and 2020. Private equity investments The Bancorp invests as a limited partner in private equity investments which provide the Bancorp an opportunity to obtain higher rates of return on invested capital, while also creating cross-selling opportunities for the Bancorp’s commercial products. Each of the limited partnerships has an unrelated third-party general partner responsible for appointing the fund manager. The Bancorp has not been appointed fund manager for any of these private equity investments. The funds finance primarily all of their activities from the partners’ capital contributions and investment returns. The Bancorp has determined that it is not the primary beneficiary of the funds because it does not have the obligation to absorb the funds’ expected losses or the right to receive the funds’ expected residual returns that could potentially be significant to the funds and lacks the power to direct the activities that most significantly impact the economic performance of the funds. The Bancorp, as a limited partner, does not have substantive participating or substantive kick-out rights over the general partner. Therefore, the Bancorp accounts for its investments in these limited partnerships under the equity method of accounting. The Bancorp is exposed to losses arising from the negative performance of the underlying investments in the private equity investments. As a limited partner, the Bancorp’s maximum exposure to loss is limited to the carrying amounts of the investments plus unfunded commitments. The carrying amounts of these investments, which are included in other assets in the Condensed Consolidated Balance Sheets, are presented in previous tables. Also, at June 30, 2021 and December 31, 2020, the Bancorp’s unfunded commitment amounts to the private equity funds were $91 million and $83 million, respectively. As part of previous commitments, the Bancorp made capital contributions to private equity investments of $6 million and $1 million during the three months ended June 30, 2021 and 2020, respectively, and $7 million and $5 million during the six months ended June 30, 2021 and 2020, respectively. Loans provided to VIEs The Bancorp has provided funding to certain unconsolidated VIEs sponsored by third parties. These VIEs are generally established to finance certain consumer and small business loans originated by third parties. The entities are primarily funded through the issuance of a loan from the Bancorp or a syndication through which the Bancorp is involved. The sponsor/administrator of the entities is responsible for servicing the underlying assets in the VIEs. Because the sponsor/administrator, not the Bancorp, holds the servicing responsibilities, which include the establishment and employment of default mitigation policies and procedures, the Bancorp does not hold the power to direct the activities that most significantly impact the economic performance of the entity and, therefore, is not the primary beneficiary. The principal risk to which these entities are exposed is credit risk related to the underlying assets. The Bancorp’s maximum exposure to loss is equal to the carrying amounts of the loans and unfunded commitments to the VIEs. The Bancorp’s outstanding loans to these VIEs are included in commercial loans in Note 5. As of June 30, 2021 and December 31, 2020, the Bancorp’s unfunded commitments to these entities were $1.4 billion and $1.2 billion, respectively . The loans and unfunded commitments to these VIEs are included in the Bancorp’s overall analysis of the ALLL and reserve for unfunded commitments, respectively. The Bancorp does not provide any implicit or explicit liquidity guarantees or principal value guarantees to these VIEs. Lease pool entities The Bancorp is a co-investor with other unrelated leasing companies in three LLCs designed for the purpose of purchasing pools of residual interests in leases which have been originated or purchased by the other investing member. For each LLC, the leasing company is the managing member and has full authority over the day-to-day operations of the entity. While the Bancorp holds more than 50% of the equity interests in each LLC, the operating agreements require both members to consent to significant corporate actions, such as liquidating the entity or removing the manager. In addition, the Bancorp has a preference with regards to distributions such that all of the Bancorp’s equity contribution for each pool must be distributed, plus a pre-defined rate of return, before the other member may receive distributions. The leasing company is also entitled to the return of its investment plus a pre-defined rate of return before any residual profits are distributed to the members. The lease pool entities are primarily subject to risk of losses on the lease residuals purchased. The Bancorp has determined that it is not the primary beneficiary of these VIEs because it does not have the power to direct the activities that most significantly impact the economic performance of the entities. This power is held by the leasing company, who as managing member controls the servicing of the leases and collection of the proceeds on the residual interests.

Sales of Receivables and Servic

Sales of Receivables and Servicing Rights	6 Months Ended
	Jun. 30, 2021
Transfers and Servicing [Abstract]
Sales of Receivables and Servicing Rights	Sales of Receivables and Servicing Rights Residential Mortgage Loan Sales The Bancorp sold fixed and adjustable-rate residential mortgage loans during the three and six months ended June 30, 2021 and 2020. In those sales, the Bancorp obtained servicing responsibilities and provided certain standard representations and warranties; however, the investors have no recourse to the Bancorp’s other assets for failure of debtors to pay when due. The Bancorp receives servicing fees based on a percentage of the outstanding balance. The Bancorp identifies classes of servicing assets based on financial asset type and interest rates. Information related to residential mortgage loan sales and the Bancorp’s mortgage banking activity, which is included in mortgage banking net revenue in the Condensed Consolidated Statements of Income, is as follows: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Residential mortgage loan sales (a) $ 4,416 3,063 7,626 6,018 Origination fees and gains on loan sales 81 95 170 176 Gross mortgage servicing fees 59 63 117 130 (a) Represents the unpaid principal balance at the time of the sale. Servicing Rights The Bancorp measures all of its servicing rights at fair value with changes in fair value reported in mortgage banking net revenue in the Condensed Consolidated Statements of Income. The following table presents changes in the servicing rights related to residential mortgage loans for the six months ended June 30: ($ in millions) 2021 2020 Balance, beginning of period $ 656 993 Servicing rights originated 103 101 Servicing rights purchased 109 30 Changes in fair value: Due to changes in inputs or assumptions (a) 103 (343) Other changes in fair value (b) (153) (105) Balance, end of period $ 818 676 (a) Primarily reflects changes in prepayment speed and OAS assumptions which are updated based on market interest rates. (b) Primarily reflects changes due to realized cash flows and the passage of time. The Bancorp maintains a non-qualifying hedging strategy to manage a portion of the risk associated with changes in the value of the MSR portfolio. This strategy may include the purchase of free-standing derivatives and various available-for-sale debt and trading debt securities. The interest income, mark-to-market adjustments and gain or loss from sale activities associated with these portfolios are expected to economically hedge a portion of the change in value of the MSR portfolio caused by fluctuating OAS, earnings rates and prepayment speeds. The fair value of the servicing asset is based on the present value of expected future cash flows. The following table presents activity related to valuations of the MSR portfolio and the impact of the non-qualifying hedging strategy: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Securities (losses) gains, net – non-qualifying hedges on mortgage servicing rights $ 1 — (1) 3 Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio (a) 46 11 (88) 361 MSR fair value adjustment due to changes in inputs or assumptions (a) (49) (12) 103 (343) (a) Included in mortgage banking net revenue in the Condensed Consolidated Statements of Income. The key economic assumptions used in measuring the servicing rights related to residential mortgage loans that continued to be held by the Bancorp at the date of sale, securitization or purchase resulting from transactions completed during the three months ended June 30, 2021 and 2020 were as follows: June 30, 2021 June 30, 2020 Weighted- Prepayment OAS Weighted- Prepayment OAS Fixed-rate 5.9 12.3 % 610 5.8 12.4 % 777 Adjustable-rate — — — 3.0 27.1 725 Based on historical credit experience, expected credit losses for residential mortgage loan servicing rights have been deemed immaterial, as the Bancorp sold the majority of the underlying loans without recourse. At June 30, 2021 and December 31, 2020, the Bancorp serviced $71.5 billion and $68.8 billion, respectively, of residential mortgage loans for other investors. The value of MSRs that continue to be held by the Bancorp is subject to credit, prepayment and interest rate risks on the sold financial assets. At June 30, 2021, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows: Prepayment OAS Fair Value ($ in millions) (a) Weighted- Impact of Adverse Change OAS Impact of Adverse Change on Fair Value Rate 10% 20% 50% 10% 20% Fixed-rate $ 812 5.0 14.5 % $ (29) (55) (125) 542 $ (16) (32) Adjustable-rate 6 3.7 21.6 — (1) (2) 978 — — (a) The impact of the weighted-average default rate on the current fair value of residual cash flows for all scenarios is immaterial. These sensitivities are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on these variations in the assumptions typically cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. The Bancorp believes that variations of these levels are reasonably possible; however, there is the potential that adverse changes in key assumptions could be even greater. Also, in the previous table, the effect of a variation in a particular assumption on the fair value of the interests that continue to be held by the Bancorp is calculated without changing any other assumption; in reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which might magnify or counteract these sensitivities.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Bancorp maintains an overall risk management strategy that incorporates the use of derivative instruments to reduce certain risks related to interest rate, prepayment and foreign currency volatility. Additionally, the Bancorp holds derivative instruments for the benefit of its commercial customers and for other business purposes. The Bancorp does not enter into unhedged speculative derivative positions. The Bancorp’s interest rate risk management strategy involves modifying the repricing characteristics of certain financial instruments so that changes in interest rates do not adversely affect the Bancorp’s net interest margin and cash flows. Derivative instruments that the Bancorp may use as part of its interest rate risk management strategy include interest rate swaps, interest rate floors, interest rate caps, forward contracts, forward starting interest rate swaps, options, swaptions and TBA securities. Interest rate swap contracts are exchanges of interest payments, such as fixed-rate payments for floating-rate payments, based on a stated notional amount and maturity date. Interest rate floors protect against declining rates, while interest rate caps protect against rising interest rates. Forward contracts are contracts in which the buyer agrees to purchase, and the seller agrees to make delivery of, a specific financial instrument at a predetermined price or yield. Options provide the purchaser with the right, but not the obligation, to purchase or sell a contracted item during a specified period at an agreed-upon price. Swaptions are financial instruments granting the owner the right, but not the obligation, to enter into or cancel a swap. Prepayment volatility arises mostly from changes in fair value of the largely fixed-rate MSR portfolio, mortgage loans and mortgage-backed securities. The Bancorp may enter into various free-standing derivatives (principal-only swaps, interest rate swaptions, interest rate floors, mortgage options, TBA securities and interest rate swaps) to economically hedge prepayment volatility. Principal-only swaps are total return swaps based on changes in the value of the underlying mortgage principal-only trust. TBA securities are a forward purchase agreement for a mortgage-backed securities trade whereby the terms of the security are undefined at the time the trade is made. Foreign currency volatility occurs as the Bancorp enters into certain loans denominated in foreign currencies. Derivative instruments that the Bancorp may use to economically hedge these foreign denominated loans include foreign exchange swaps and forward contracts. The Bancorp also enters into derivative contracts (including foreign exchange contracts, commodity contracts and interest rate contracts) for the benefit of commercial customers and other business purposes. The Bancorp economically hedges significant exposures related to these free-standing derivatives by entering into offsetting third-party contracts with approved, reputable and independent counterparties with substantially matching terms and currencies. Credit risk arises from the possible inability of counterparties to meet the terms of their contracts. The Bancorp’s exposure is limited to the replacement value of the contracts rather than the notional, principal or contract amounts. Credit risk is minimized through credit approvals, limits, counterparty collateral and monitoring procedures. The fair value of derivative instruments is presented on a gross basis, even when the derivative instruments are subject to master netting arrangements. Derivative instruments with a positive fair value are reported in other assets in the Condensed Consolidated Balance Sheets while derivative instruments with a negative fair value are reported in other liabilities in the Condensed Consolidated Balance Sheets. Cash collateral payables and receivables associated with the derivative instruments are not added to or netted against the fair value amounts with the exception of certain variation margin payments that are considered legal settlements of the derivative contracts. For derivative contracts cleared through certain central clearing parties who have modified their rules to treat variation margin payments as settlements, the variation margin payments are applied to net the fair value of the respective derivative contracts. The Bancorp’s derivative assets include certain contractual features in which the Bancorp requires the counterparties to provide collateral in the form of cash and securities to offset changes in the fair value of the derivatives, including changes in the fair value due to credit risk of the counterparty. As of June 30, 2021 and December 31, 2020, the balance of collateral held by the Bancorp for derivative assets was $1.1 billion and $1.0 billion, respectively. For derivative contracts cleared through certain central clearing parties whose rules treat variation margin payments as settlement of the derivative contract, the payments for variation margin of $898 million and $1.1 billion were applied to reduce the respective derivative contracts and were also not included in the total amount of collateral held as of June 30, 2021 and December 31, 2020, respectively. As of June 30, 2021 and December 31, 2020, the credit component negatively impacting the fair value of derivative assets associated with customer accommodation contracts was $26 million and $42 million, respectively. In measuring the fair value of derivative liabilities, the Bancorp considers its own credit risk, taking into consideration collateral maintenance requirements of certain derivative counterparties and the duration of instruments with counterparties that do not require collateral maintenance. When necessary, the Bancorp posts collateral primarily in the form of cash and securities to offset changes in fair value of the derivatives, including changes in fair value due to the Bancorp’s credit risk. As of June 30, 2021 and December 31, 2020, the balance of collateral posted by the Bancorp for derivative liabilities was $1.1 billion and $463 million, respectively. Additionally, as of June 30, 2021 and December 31, 2020, $768 million and $1.1 billion, respectively, of variation margin payments were applied to the respective derivative contracts to reduce the Bancorp’s derivative liabilities and were also not included in the total amount of collateral posted. Certain of the Bancorp’s derivative liabilities contain credit-risk related contingent features that could result in the requirement to post additional collateral upon the occurrence of specified events. As of both June 30, 2021 and December 31, 2020, the fair value of the additional collateral that could be required to be posted as a result of the credit-risk-related contingent features being triggered was immaterial to the Bancorp’s Condensed Consolidated Financial Statements. The posting of collateral has been determined to remove the need for further consideration of credit risk. As a result, the Bancorp determined that the impact of the Bancorp’s credit risk to the valuation of its derivative liabilities was immaterial to the Bancorp’s Condensed Consolidated Financial Statements. The Bancorp holds certain derivative instruments that qualify for hedge accounting treatment and are designated as either fair value hedges or cash flow hedges. Derivative instruments that do not qualify for hedge accounting treatment, or for which hedge accounting is not established, are held as free-standing derivatives. All customer accommodation derivatives are held as free-standing derivatives. The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of: Fair Value June 30, 2021 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 1,455 429 — Total fair value hedges 429 — Cash flow hedges: Interest rate floors related to C&I loans 3,000 183 — Interest rate swaps related to C&I loans 8,000 — 1 Total cash flow hedges 183 1 Total derivatives designated as qualifying hedging instruments 612 1 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives - risk management and other business purposes: Interest rate contracts related to MSR portfolio 6,310 146 — Forward contracts related to residential mortgage loans held for sale (b) 3,395 1 8 Swap associated with the sale of Visa, Inc. Class B Shares 3,836 — 213 Foreign exchange contracts 208 5 — Interest rate contracts for collateral management 12,000 5 5 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 157 226 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 80,338 879 225 Interest rate lock commitments 1,865 39 — Commodity contracts 10,369 1,240 1,209 TBA securities 92 — — Foreign exchange contracts 19,778 281 246 Total free-standing derivatives – customer accommodation 2,439 1,680 Total derivatives not designated as qualifying hedging instruments 2,596 1,906 Total $ 3,208 1,907 (a) Derivative assets and liabilities are presented net of variation margin of $52 and $734, respectively. (b) Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments. Fair Value December 31, 2020 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 1,955 528 — Total fair value hedges 528 — Cash flow hedges: Interest rate floors related to C&I loans 3,000 244 — Interest rate swaps related to C&I loans 8,000 16 2 Total cash flow hedges 260 2 Total derivatives designated as qualifying hedging instruments 788 2 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives – risk management and other business purposes: Interest rate contracts related to MSR portfolio 6,910 202 1 Forward contracts related to residential mortgage loans held for sale 2,903 1 16 Swap associated with the sale of Visa, Inc. Class B Shares 3,588 — 201 Foreign exchange contracts 204 — 3 Interest rate contracts for collateral management 12,000 3 1 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 206 222 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 77,806 1,238 265 Interest rate lock commitments 1,830 57 — Commodity contracts 7,762 375 359 Foreign exchange contracts 14,587 255 224 Total free-standing derivatives – customer accommodation 1,925 848 Total derivatives not designated as qualifying hedging instruments 2,131 1,070 Total $ 2,919 1,072 (a) Derivative assets and liabilities are presented net of variation margin of $47 and $1,063, respectively. Fair Value Hedges The Bancorp may enter into interest rate swaps to convert its fixed-rate funding to floating-rate. Decisions to convert fixed-rate funding to floating are made primarily through consideration of the asset/liability mix of the Bancorp, the desired asset/liability sensitivity and interest rate levels. As of June 30, 2021, certain interest rate swaps met the criteria required to qualify for the shortcut method of accounting that permits the assumption of perfect offset. For all designated fair value hedges of interest rate risk as of June 30, 2021 that were not accounted for under the shortcut method of accounting, the Bancorp performed an assessment of hedge effectiveness using regression analysis with changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk recorded in the same income statement line in current period net income. The following table reflects the change in fair value of interest rate contracts, designated as fair value hedges, as well as the change in fair value of the related hedged items attributable to the risk being hedged, included in the Condensed Consolidated Statements of Income: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Change in fair value of interest rate swaps hedging long- term debt Interest on long-term debt $ 46 (1) (99) 226 Change in fair value of hedged long-term debt attributable to the risk being hedged Interest on long-term debt (46) 2 99 (225) The following amounts were recorded in the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of: ($ in millions) Condensed Consolidated June 30, December 31, Carrying amount of the hedged items Long-term debt $ 1,879 2,478 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Long-term debt 435 534 Cash Flow Hedges The Bancorp may enter into interest rate swaps to convert floating-rate assets and liabilities to fixed rates or to hedge certain forecasted transactions for the variability in cash flows attributable to the contractually specified interest rate. The assets or liabilities may be grouped in circumstances where they share the same risk exposure that the Bancorp desires to hedge. The Bancorp may also enter into interest rate caps and floors to limit cash flow variability of floating-rate assets and liabilities. As of June 30, 2021, all hedges designated as cash flow hedges were assessed for effectiveness using regression analysis. The entire change in the fair value of the interest rate swap included in the assessment of hedge effectiveness is recorded in AOCI and reclassified from AOCI to current period earnings when the hedged item affects earnings. As of June 30, 2021, the maximum length of time over which the Bancorp is hedging its exposure to the variability in future cash flows is 42 months. Reclassified gains and losses on interest rate contracts related to commercial and industrial loans are recorded within interest income in the Condensed Consolidated Statements of Income. As of June 30, 2021 and December 31, 2020, $548 million and $718 million, respectively, of net deferred gains, net of tax, on cash flow hedges were recorded in AOCI in the Condensed Consolidated Balance Sheets. As of June 30, 2021, $213 million in net unrealized gains, net of tax, recorded in AOCI are expected to be reclassified into earnings during the next 12 months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations or the addition of other hedges subsequent to June 30, 2021. During both the three and six months ended June 30, 2021 and 2020, there were no gains or losses reclassified from AOCI into earnings associated with the discontinuance of cash flow hedges because it was probable that the original forecasted transaction would no longer occur by the end of the originally specified time period or within the additional period of time as defined by U.S. GAAP. The following table presents the pre-tax net (losses) gains recorded in the Condensed Consolidated Statements of Income and in the Condensed Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Amount of pre-tax net (losses) gains recognized in OCI $ 11 83 (70) 624 Amount of pre-tax net gains reclassified from OCI into net income 73 62 146 94 Free-Standing Derivative Instruments – Risk Management and Other Business Purposes As part of its overall risk management strategy relative to its mortgage banking activity, the Bancorp may enter into various free-standing derivatives (principal-only swaps, interest rate swaptions, interest rate floors, mortgage options, TBA securities and interest rate swaps) to economically hedge changes in fair value of its largely fixed-rate MSR portfolio. Principal-only swaps hedge the spread between mortgage rates and LIBOR because these swaps appreciate in value as a result of tightening spreads. Principal-only swaps also provide prepayment protection by increasing in value when prepayment speeds increase, as opposed to MSRs that lose value in a faster prepayment environment. Receive fixed/pay floating interest rate swaps and swaptions increase in value when interest rates do not increase as quickly as expected. The Bancorp enters into forward contracts and mortgage options to economically hedge the change in fair value of certain residential mortgage loans held for sale due to changes in interest rates. IRLCs issued on residential mortgage loan commitments that will be held for sale are also considered free-standing derivative instruments and the interest rate exposure on these commitments is economically hedged primarily with forward contracts. Revaluation gains and losses from free-standing derivatives related to mortgage banking activity are recorded as a component of mortgage banking net revenue in the Condensed Consolidated Statements of Income. In conjunction with the sale of Visa, Inc. Class B Shares in 2009, the Bancorp entered into a total return swap in which the Bancorp will make or receive payments based on subsequent changes in the conversion rate of the Class B Shares into Class A Shares. This total return swap is accounted for as a free-standing derivative. Refer to Note 21 for further discussion of significant inputs and assumptions used in the valuation of this instrument. The Bancorp entered into certain interest rate swap contracts for the purpose of managing its collateral positions across two central clearing parties. These interest rate swaps were perfectly offsetting positions that allowed the Bancorp to lower the cash posted as required initial margin at the clearing parties, which reduced its credit exposure to the clearing parties. Given that all relevant terms for these interest rate swaps are offsetting, these trades create no additional market risk for the Bancorp. As part of the LIBOR to SOFR transition, the Bancorp received certain interest rate swap contracts from the two central clearing parties that are moving from an Effective Federal Funds Rate discounting curve to a SOFR discounting curve. The purpose of these interest rate swaps was to neutralize the impact on collateral requirements due to the change in discounting curves implemented by the central clearing parties. The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Interest rate contracts: Forward contracts related to residential mortgage loans held for sale Mortgage banking net revenue $ (58) 47 9 (11) Interest rate contracts related to MSR portfolio Mortgage banking net revenue 46 11 (88) 361 Foreign exchange contracts: Foreign exchange contracts for risk management purposes Other noninterest income (3) (6) (5) 8 Equity contracts: Swap associated with sale of Visa, Inc. Class B Shares Other noninterest income (37) (29) (50) (51) Free-Standing Derivative Instruments – Customer Accommodation The majority of the free-standing derivative instruments the Bancorp enters into are for the benefit of its commercial customers. These derivative contracts are not designated against specific assets or liabilities on the Condensed Consolidated Balance Sheets or to forecasted transactions and, therefore, do not qualify for hedge accounting. These instruments include foreign exchange derivative contracts entered into for the benefit of commercial customers involved in international trade to hedge their exposure to foreign currency fluctuations and commodity contracts to hedge such items as natural gas and various other derivative contracts. The Bancorp may economically hedge significant exposures related to these derivative contracts entered into for the benefit of customers by entering into offsetting contracts with approved, reputable, independent counterparties with substantially matching terms. The Bancorp hedges its interest rate exposure on commercial customer transactions by executing offsetting swap agreements with primary dealers. Revaluation gains and losses on interest rate, foreign exchange, commodity and other commercial customer derivative contracts are recorded as a component of commercial banking revenue or other noninterest income in the Condensed Consolidated Statements of Income. The Bancorp enters into risk participation agreements, under which the Bancorp assumes credit exposure relating to certain underlying interest rate derivative contracts. The Bancorp only enters into these risk participation agreements in instances in which the Bancorp has participated in the loan that the underlying interest rate derivative contract was designed to hedge. The Bancorp will make payments under these agreements if a customer defaults on its obligation to perform under the terms of the underlying interest rate derivative contract. The total notional amount of the risk participation agreements was $3.4 billion at both June 30, 2021 and December 31, 2020 and the fair value was a liability of $8 million at both June 30, 2021 and December 31, 2020, which is included in other liabilities in the Condensed Consolidated Balance Sheets. As of June 30, 2021, the risk participation agreements had a weighted-average remaining life of 3.2 years. The Bancorp’s maximum exposure in the risk participation agreements is contingent on the fair value of the underlying interest rate derivative contracts in an asset position at the time of default. The Bancorp monitors the credit risk associated with the underlying customers in the risk participation agreements through the same risk grading system currently utilized for establishing loss reserves in its loan and lease portfolio. Risk ratings of the notional amount of risk participation agreements under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 3,385 3,231 Special mention 14 113 Substandard 49 52 Total $ 3,448 3,396 The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Interest rate contracts: Interest rate contracts for customers (contract revenue) Commercial banking revenue $ 12 12 19 26 Interest rate contracts for customers (credit portion of fair value adjustment) Other noninterest expense 1 (1) 16 (34) Interest rate lock commitments Mortgage banking net revenue 57 82 89 182 Commodity contracts: Commodity contracts for customers (contract revenue) Commercial banking revenue 6 4 11 7 Commodity contracts for customers (credit portion of fair value adjustment) Other noninterest expense (1) — — (1) Commodity contracts for customers (credit losses) Other noninterest expense — (1) — (1) Foreign exchange contracts: Foreign exchange contracts for customers (contract revenue) Commercial banking revenue 16 14 30 26 Foreign exchange contracts for customers (contract revenue) Other noninterest income (2) (3) (1) 3 Foreign exchange contracts for customers (credit portion of fair value adjustment) Other noninterest expense — 1 — (1) Offsetting Derivative Financial Instruments The Bancorp’s derivative transactions are generally governed by ISDA Master Agreements and similar arrangements, which include provisions governing the setoff of assets and liabilities between the parties. When the Bancorp has more than one outstanding derivative transaction with a single counterparty, the setoff provisions contained within these agreements generally allow the non-defaulting party the right to reduce its liability to the defaulting party by amounts eligible for setoff, including the collateral received as well as eligible offsetting transactions with that counterparty, irrespective of the currency, place of payment or booking office. The Bancorp’s policy is to present its derivative assets and derivative liabilities on the Condensed Consolidated Balance Sheets on a gross basis, even when provisions allowing for setoff are in place. However, for derivative contracts cleared through certain central clearing parties who have modified their rules to treat variation margin payments as settlements, the fair value of the respective derivative contracts is reported net of the variation margin payments. Collateral amounts included in the tables below consist primarily of cash and highly rated government-backed securities and do not include variation margin payments for derivative contracts with legal rights of setoff for both periods shown. The following tables provide a summary of offsetting derivative financial instruments: Gross Amount Recognized in the Condensed Consolidated Balance Sheets (a) Gross Amounts Not Offset in the Derivatives Collateral (b) Net Amount As of June 30, 2021 Derivative assets $ 3,169 (742) (632) 1,795 Derivative liabilities 1,907 (742) (811) 354 As of December 31, 2020 Derivative assets $ 2,862 (621) (755) 1,486 Derivative liabilities 1,072 (621) (221) 230 (a) Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements. (b) Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Condensed Consolidated Balance Sheets were excluded from this table.

Other Short-Term Borrowings

Other Short-Term Borrowings	6 Months Ended
	Jun. 30, 2021
Short-term Debt [Abstract]
Other Short-Term Borrowings	Other Short-Term Borrowings Borrowings with original maturities of one year or less are classified as short-term. The following table presents a summary of the Bancorp’s other short-term borrowings as of: ($ in millions) June 30, December 31, Securities sold under repurchase agreements $ 533 679 Derivative collateral 596 474 Other secured borrowings 1 39 Total other short-term borrowings $ 1,130 1,192 The Bancorp’s securities sold under repurchase agreements are accounted for as secured borrowings and are collateralized by securities included in available-for-sale debt and other securities in the Condensed Consolidated Balance Sheets. These securities are subject to changes in market value and, therefore, the Bancorp may increase or decrease the level of securities pledged as collateral based upon these movements in market value. As of both June 30, 2021 and December 31, 2020, all securities sold under repurchase agreements were secured by agency residential mortgage-backed securities and the repurchase agreements had an overnight remaining contractual maturity. The Bancorp’s other secured borrowings at December 31, 2020 primarily included obligations recognized by the Bancorp under ASC Topic 860 related to certain loans sold to GNMA and serviced by the Bancorp. Under ASC Topic 860, once the Bancorp has the unilateral right to repurchase the GNMA loans due to the borrower missing three consecutive payments, the Bancorp is considered to have regained effective control over the loan. As such, the Bancorp is required to recognize both the loan and the repurchase liability, regardless of the intent to repurchase the loans. The Bancorp repurchased these loans during the second quarter of 2021.

Capital Actions

Capital Actions	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Capital Actions	Capital Actions Accelerated Share Repurchase Transactions During the six months ended June 30, 2021, the Bancorp entered into and settled accelerated share repurchase transactions. As part of these transactions, the Bancorp entered into forward contracts in which the final number of shares delivered at settlement was based generally on a discount to the average daily volume weighted-average price of the Bancorp’s common stock during the term of these repurchase agreements. The accelerated share repurchases were treated as two separate transactions, (i) the repurchase of treasury shares on the repurchase date and (ii) a forward contract indexed to the Bancorp’s common stock. The following table presents a summary of the Bancorp’s accelerated share repurchase transactions that were entered into and settled during the six months ended June 30, 2021: Repurchase Date Amount Shares Repurchased on Repurchase Date Shares Received from Forward Contract Settlement Total Shares Repurchased Final Settlement Date January 26, 2021 $ 180 4,951,456 366,939 5,318,395 March 31, 2021 April 23, 2021 347 7,894,807 675,295 8,570,102 June 11, 2021 For further information on a subsequent event related to capital actions, refer to Note 23.

Commitments, Contingent Liabili

Commitments, Contingent Liabilities and Guarantees	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingent Liabilities and Guarantees	Commitments, Contingent Liabilities and Guarantees The Bancorp, in the normal course of business, enters into financial instruments and various agreements to meet the financing needs of its customers. The Bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks, provide funding, equipment and locations for its operations and invest in its communities. These instruments and agreements involve, to varying degrees, elements of credit risk, counterparty risk and market risk in excess of the amounts recognized in the Condensed Consolidated Balance Sheets. The creditworthiness of counterparties for all instruments and agreements is evaluated on a case-by-case basis in accordance with the Bancorp’s credit policies. The Bancorp’s significant commitments, contingent liabilities and guarantees in excess of the amounts recognized in the Condensed Consolidated Balance Sheets are discussed in the following sections. Commitments The Bancorp has certain commitments to make future payments under contracts. The following table reflects a summary of significant commitments as of: ($ in millions) June 30, December 31, Commitments to extend credit $ 77,081 74,499 Forward contracts related to residential mortgage loans held for sale 3,395 2,903 Letters of credit 1,858 1,982 Purchase obligations 161 195 Capital expenditures 93 75 Capital commitments for private equity investments 91 83 Commitments to extend credit Commitments to extend credit are agreements to lend, typically having fixed expiration dates or other termination clauses that may require payment of a fee. Since many of the commitments to extend credit may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash flow requirements. The Bancorp is exposed to credit risk in the event of nonperformance by the counterparty for the amount of the contract. Fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and the Bancorp’s exposure is limited to the replacement value of those commitments. As of June 30, 2021 and December 31, 2020, the Bancorp had a reserve for unfunded commitments, including letters of credit, totaling $189 million and $172 million, respectively, included in other liabilities in the Condensed Consolidated Balance Sheets. The Bancorp monitors the credit risk associated with commitments to extend credit using the same standard regulatory risk rating systems utilized for its loan and lease portfolio. Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 74,230 71,386 Special mention 1,468 2,049 Substandard 1,383 1,063 Doubtful — 1 Total commitments to extend credit $ 77,081 74,499 Letters of credit Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and expire as summarized in the following table as of June 30, 2021: ($ in millions) Less than 1 year (a) $ 999 1 - 5 years (a) 856 Over 5 years 3 Total letters of credit $ 1,858 (a) Includes $14 and $3 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire less than 1 year and between 1 -5 years, respectively. Standby letters of credit accounted for approximately 99% of total letters of credit at both June 30, 2021 and December 31, 2020, and are considered guarantees in accordance with U.S. GAAP. Approximately 72% and 68% of the total standby letters of credit were collateralized as of June 30, 2021 and December 31, 2020, respectively. In the event of nonperformance by the customers, the Bancorp has rights to the underlying collateral, which can include commercial real estate, physical plant and property, inventory, receivables, cash and marketable securities. The reserve related to these standby letters of credit, which was included in the total reserve for unfunded commitments, was $25 million and $27 million at June 30, 2021 and December 31, 2020, respectively. The Bancorp monitors the credit risk associated with letters of credit using the same standard regulatory risk rating systems utilized for its loan and lease portfolio. Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 1,632 1,739 Special mention 66 111 Substandard 160 132 Total letters of credit $ 1,858 1,982 At June 30, 2021 and December 31, 2020, the Bancorp had outstanding letters of credit that were supporting certain securities issued as VRDNs. The Bancorp facilitates financing for its commercial customers, which consist of companies and municipalities, by marketing the VRDNs to investors. The VRDNs pay interest to holders at a rate of interest that fluctuates based upon market demand. The VRDNs generally have long-term maturity dates, but can be tendered by the holder for purchase at par value upon proper advance notice. When the VRDNs are tendered, a remarketing agent generally finds another investor to purchase the VRDNs to keep the securities outstanding in the market. As of June 30, 2021 and December 31, 2020, total VRDNs in which the Bancorp was the remarketing agent or that were supported by a Bancorp letter of credit were $485 million and $385 million, respectively, of which FTS acted as the remarketing agent to issuers on $485 million and $385 million, respectively. As remarketing agent, FTS is responsible for actively remarketing VRDNs to other investors when they have been tendered. If another investor is not identified, FTS may choose to purchase the VRDNs into inventory at its discretion while it continues to remarket them. If FTS purchases the VRDNs into inventory, it can subsequently tender back the VRDNs to the issuer’s trustee with proper advance notice. The Bancorp issued letters of credit, as a credit enhancement, to $138 million and $142 million of the VRDNs remarketed by FTS at June 30, 2021 and December 31, 2020, respectively. These letters of credit are included in the total letters of credit balance provided in the previous table. The Bancorp did not hold any of these VRDNs in its portfolio at June 30, 2021 or December 31, 2020 but classifies them as trading debt securities when held. Forward contracts related to residential mortgage loans held for sale The Bancorp enters into forward contracts to economically hedge the change in fair value of certain residential mortgage loans held for sale due to changes in interest rates. The outstanding notional amounts of these forward contracts are included in the summary of significant commitments table for all periods presented. Other commitments The Bancorp has entered into a limited number of agreements for work related to banking center construction and to purchase goods or services. Contingent Liabilities Legal claims There are legal claims pending against the Bancorp and its subsidiaries that have arisen in the normal course of business. Refer to Note 17 for additional information regarding these proceedings. Guarantees The Bancorp has performance obligations upon the occurrence of certain events under financial guarantees provided in certain contractual arrangements as discussed in the following sections. Residential mortgage loans sold with representation and warranty provisions Conforming residential mortgage loans sold to unrelated third parties are generally sold with representation and warranty provisions. A contractual liability arises only in the event of a breach of these representations and warranties and, in general, only when a loss results from the breach. The Bancorp may be required to repurchase any previously sold loan, or indemnify or make whole the investor or insurer for which the representation or warranty of the Bancorp proves to be inaccurate, incomplete or misleading. For more information on how the Bancorp establishes the residential mortgage repurchase reserve, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020. As of June 30, 2021 and December 31, 2020, the Bancorp maintained reserves related to loans sold with representation and warranty provisions totaling $9 million and $8 million, respectively, included in other liabilities in the Condensed Consolidated Balance Sheets. The Bancorp uses the best information available when estimating its mortgage representation and warranty reserve; however, the estimation process is inherently uncertain and imprecise and, accordingly, losses in excess of the amounts reserved as of June 30, 2021 are reasonably possible. The Bancorp currently estimates that it is reasonably possible that it could incur losses related to mortgage representation and warranty provisions in an amount up to approximately $11 million in excess of amounts reserved. This estimate was derived by modifying the key assumptions to reflect management’s judgment regarding reasonably possible adverse changes to those assumptions. The actual repurchase losses could vary significantly from the recorded mortgage representation and warranty reserve or this estimate of reasonably possible losses, depending on the outcome of various factors, including those previously discussed. For both the three months ended June 30, 2021 and 2020, the Bancorp paid an immaterial amount in the form of make-whole payments and repurchased $9 million and $7 million, respectively, in outstanding principal of loans to satisfy investor demands. For the six months ended June 30, 2021 and 2020, the Bancorp paid $1 million and an immaterial amount, respectively, in the form of make-whole payments and repurchased $19 million and $13 million, respectively, in outstanding principal of loans to satisfy investor demands. Total repurchase demand requests during the three months ended June 30, 2021 and 2020 were $18 million and $9 million, respectively. Total repurchase demand requests during the six months ended June 30, 2021 and 2020 were $28 million and $19 million, respectively. Total outstanding repurchase demand inventory was $11 million and $5 million at June 30, 2021 and December 31, 2020, respectively. Margin accounts FTS, an indirect wholly-owned subsidiary of the Bancorp, guarantees the collection of all margin account balances held by its brokerage clearing agent for the benefit of its customers. FTS is responsible for payment to its brokerage clearing agent for any loss, liability, damage, cost or expense incurred as a result of customers failing to comply with margin or margin maintenance calls on all margin accounts. The margin account balances held by the brokerage clearing agent were $27 million and $14 million at June 30, 2021 and December 31, 2020, respectively. In the event of any customer default, FTS has rights to the underlying collateral provided. Given the existence of the underlying collateral provided and negligible historical credit losses, the Bancorp does not maintain a loss reserve related to the margin accounts. Long-term borrowing obligations The Bancorp had certain fully and unconditionally guaranteed long-term borrowing obligations issued by wholly-owned issuing trust entities of $62 million at both June 30, 2021 and December 31, 2020. Visa litigation The Bancorp, as a member bank of Visa prior to Visa’s reorganization and IPO (the “IPO”) of its Class A common shares (the “Class A Shares”) in 2008, had certain indemnification obligations pursuant to Visa’s certificate of incorporation and bylaws and in accordance with its membership agreements. In accordance with Visa’s bylaws prior to the IPO, the Bancorp could have been required to indemnify Visa for the Bancorp’s proportional share of losses based on the pre-IPO membership interests. As part of its reorganization and IPO, the Bancorp’s indemnification obligation was modified to include only certain known or anticipated litigation (the “Covered Litigation”) as of the date of the restructuring. This modification triggered a requirement for the Bancorp to recognize a liability equal to the fair value of the indemnification liability. In conjunction with the IPO, the Bancorp received 10.1 million of Visa’s Class B common shares (the “Class B Shares”) based on the Bancorp’s membership percentage in Visa prior to the IPO. The Class B Shares are not transferable (other than to another member bank) until the later of the third anniversary of the IPO closing or the date on which the Covered Litigation has been resolved; therefore, the Bancorp’s Class B Shares were classified in other assets and accounted for at their carryover basis of $0. Visa deposited $3 billion of the proceeds from the IPO into a litigation escrow account, established for the purpose of funding judgments in, or settlements of, the Covered Litigation. Since then, when Visa’s litigation committee determined that the escrow account was insufficient, Visa issued additional Class A Shares and deposited the proceeds from the sale of the Class A Shares into the litigation escrow account. When Visa funded the litigation escrow account, the Class B Shares were subjected to dilution through an adjustment in the conversion rate of Class B Shares into Class A Shares. In 2009, the Bancorp completed the sale of Visa, Inc. Class B Shares and entered into a total return swap in which the Bancorp will make or receive payments based on subsequent changes in the conversion rate of the Class B Shares into Class A Shares. The swap terminates on the later of the third anniversary of Visa’s IPO or the date on which the Covered Litigation is settled. Refer to Note 21 for additional information on the valuation of the swap. The counterparty to the swap as a result of its ownership of the Class B Shares will be impacted by dilutive adjustments to the conversion rate of the Class B Shares into Class A Shares caused by any Covered Litigation losses in excess of the litigation escrow account. If actual judgments in, or settlements of, the Covered Litigation significantly exceed current expectations, then additional funding by Visa of the litigation escrow account and the resulting dilution of the Class B Shares could result in a scenario where the Bancorp’s ultimate exposure associated with the Covered Litigation (the “Visa Litigation Exposure”) exceeds the value of the Class B Shares owned by the swap counterparty (the “Class B Value”). In the event the Bancorp concludes that it is probable that the Visa Litigation Exposure exceeds the Class B Value, the Bancorp would record a litigation reserve liability and a corresponding amount of other noninterest expense for the amount of the excess. Any such litigation reserve liability would be separate and distinct from the fair value derivative liability associated with the total return swap. As of the date of the Bancorp’s sale of the Visa Class B Shares and through June 30, 2021, the Bancorp has concluded that it is not probable that the Visa Litigation Exposure will exceed the Class B value. Based on this determination, upon the sale of Class B Shares, the Bancorp reversed its net Visa litigation reserve liability and recognized a free-standing derivative liability associated with the total return swap. The fair value of the swap liability was $213 million at June 30, 2021 and $201 million at December 31, 2020. Refer to Note 13 and Note 21 for further information. After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows: Period ($ in millions) Visa Bancorp Cash Q2 2010 $ 500 20 Q4 2010 800 35 Q2 2011 400 19 Q1 2012 1,565 75 Q3 2012 150 6 Q3 2014 450 18 Q2 2018 600 26 Q3 2019 300 12

Legal and Regulatory Proceeding

Legal and Regulatory Proceedings	6 Months Ended
	Jun. 30, 2021
Loss Contingency [Abstract]
Legal and Regulatory Proceedings	Legal and Regulatory Proceedings Litigation Visa/MasterCard Merchant Interchange Litigation In April 2006, the Bancorp was added as a defendant in a consolidated antitrust class action lawsuit originally filed against Visa®, MasterCard® and several other major financial institutions in the United States District Court for the Eastern District of New York (In re: Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, Case No. 5-MD-1720). The plaintiffs, merchants operating commercial businesses throughout the U.S. and trade associations, claimed that the interchange fees charged by card-issuing banks were unreasonable and sought injunctive relief and unspecified damages. In addition to being a named defendant, the Bancorp is currently also subject to a possible indemnification obligation of Visa as discussed in Note 16 and has also entered into judgment and loss sharing agreements with Visa, MasterCard and certain other named defendants. In October 2012, the parties to the litigation entered into a settlement agreement that was initially approved by the trial court but reversed by the U.S. Second Circuit Court of Appeals and remanded to the district court for further proceedings. Pursuant to the terms of the overturned settlement agreement, the Bancorp had previously paid $46 million into a class settlement escrow account. Approximately 8,000 merchants requested exclusion from the class settlement, and therefore, pursuant to the terms of the overturned settlement agreement, approximately 25% of the funds paid into the class settlement escrow account had been already returned to the control of the defendants. The remaining settlement funds paid by the Bancorp have been maintained in the escrow account. More than 500 of the merchants who requested exclusion from the class filed separate federal lawsuits against Visa, MasterCard and certain other defendants alleging similar antitrust violations. These individual federal lawsuits were transferred to the United States District Court for the Eastern District of New York. While the Bancorp is only named as a defendant in one of the individual federal lawsuits, it may have obligations pursuant to indemnification arrangements and/or the judgment or loss sharing agreements noted above. On September 17, 2018, the defendants in the consolidated class action signed a second settlement agreement (the “Amended Settlement Agreement”) resolving the claims seeking monetary damages by the proposed plaintiffs’ class (the “Plaintiff Damages Class”) and superseding the original settlement agreement entered into in October 2012. The Amended Settlement Agreement included, among other terms, a release from participating class members for liability for claims that accrue no later than five years after the Amended Settlement Agreement becomes final. The Amended Settlement Agreement provided for a total payment by all defendants of approximately $6.24 billion, composed of approximately $5.34 billion held in escrow plus an additional $900 million in new funds. Pursuant to the terms of the Settlement Agreement, $700 million of the additional $900 million has been returned to the defendants due to the level of opt-outs from the class. The Bancorp’s allocated share of the settlement is within existing reserves, including funds maintained in escrow. On December 13, 2019, the Court entered an order granting final approval for the settlement. The settlement does not resolve the claims of the separate proposed plaintiffs’ class seeking injunctive relief or the claims of merchants who have opted out of the proposed class settlement and are pursuing, or may in the future decide to pursue, private lawsuits. The ultimate outcome in this matter, including the timing of resolution, therefore remains uncertain. Refer to Note 16 for further information. Klopfenstein v. Fifth Third Bank On August 3, 2012, William Klopfenstein and Adam McKinney filed a lawsuit against Fifth Third Bank in the United States District Court for the Northern District of Ohio (Klopfenstein et al. v. Fifth Third Bank), alleging that the 120% APR that Fifth Third disclosed on its Early Access program was misleading. Early Access is a deposit-advance program offered to eligible customers with checking accounts. The plaintiffs sought to represent a nationwide class of customers who used the Early Access program and repaid their cash advances within 30 days. On October 31, 2012, the case was transferred to the United States District Court for the Southern District of Ohio. In 2013, four similar putative class action lawsuits were filed against Fifth Third Bank in federal courts throughout the country (Lori and Danielle Laskaris v. Fifth Third Bank, Janet Fyock v. Fifth Third Bank, Jesse McQuillen v. Fifth Third Bank, and Brian Harrison v. Fifth Third Bank). Those four lawsuits were transferred to the Southern District of Ohio and consolidated with the original lawsuit as In re: Fifth Third Early Access Cash Advance Litigation (Case No. 1:12-CV-851). On behalf of a putative class, the plaintiffs sought unspecified monetary and statutory damages, injunctive relief, punitive damages, attorneys’ fees, and pre- and post-judgment interest. On March 30, 2015, the court dismissed all claims alleged in the consolidated lawsuit except a claim under the TILA. On May 28, 2019, the Sixth Circuit Court of Appeals reversed the dismissal of plaintiffs’ breach of contract claim and remanded for further proceedings. The plaintiffs’ claimed damages for the alleged breach of contract claim exceed $280 million. On March 26, 2021, the trial court granted plaintiffs’ motion for class certification. No trial date has been set. Helton v. Fifth Third Bank On August 31, 2015, trust beneficiaries filed an action against Fifth Third Bank, as trustee, in the Probate Court for Hamilton County, Ohio (Helen Clarke Helton, et al. v. Fifth Third Bank, Case No. 2015003814). The plaintiffs alleged breach of the duty to diversify, breach of the duty of impartiality, breach of trust/fiduciary duty, and unjust enrichment, based on Fifth Third’s alleged failure to diversify assets held in two trusts for the plaintiffs’ benefit. The lawsuit sought over $800 million in alleged damages, attorneys’ fees, removal of Fifth Third as trustee, and injunctive relief. On April 20, 2018, the Court denied plaintiffs’ motion for summary judgment and granted summary judgment to Fifth Third, dismissing the case in its entirety. On December 18, 2019, the Ohio Court of Appeals affirmed the Probate Court’s dismissal of all of plaintiffs’ claims based upon allegations of Fifth Third’s alleged failure to diversify assets held in two trusts for plaintiffs’ benefit. The appeals court reversed summary judgment on one claim related to Fifth Third’s alleged unjust enrichment through its receipt of certain fees in managing the trusts. The Court of Appeals remanded the case to the Probate Court for further consideration of the lone surviving claim, which comprises a small fraction of the damages originally sought by plaintiffs in the lawsuit. Plaintiffs filed an appeal to the Ohio Supreme Court, seeking review of the decision from the Ohio Court of Appeals. On April 14, 2020, the Ohio Supreme Court announced its denial of plaintiffs’ request for review, and subsequently denied plaintiffs’ request for reconsideration. Thereafter, the case returned to the trial court for further adjudication of the lone surviving claim. On July 28, 2021 the trial court issued an order granting summary judgment to Fifth Third on a portion of plaintiffs’ unjust enrichment claim, leaving the remainder of the claim to be resolved at trial, currently scheduled for February 22, 2022. Bureau of Consumer Financial Protection v. Fifth Third Bank, National Association On March 9, 2020, the CFPB filed a lawsuit against Fifth Third in the United States District Court for the Northern District of Illinois entitled CFPB v. Fifth Third Bank, National Association, Case No. 1:20-CV-1683 (N.D. Ill.) (ABW), alleging violations of the Consumer Financial Protection Act, TILA, and Truth in Savings Act related to Fifth Third’s alleged opening of unspecified numbers of allegedly unauthorized credit card, savings, checking, online banking and early access accounts from 2010 through 2016. The CFPB seeks unspecified amounts of civil monetary penalties as well as unspecified customer remediation. On February 12, 2021, the court granted Fifth Third’s motion to transfer venue to the United States District Court for the Southern District of Ohio. The Bancorp is also subject to a consumer class action lawsuit related to the alleged opening of unauthorized accounts which has also been transferred to the United States District Court for the Southern District of Ohio (Zanni v. Fifth Third Bank, et al., Case No. 2020CH04022). Shareholder Litigation On April 7, 2020, Plaintiff Lee Christakis filed a putative class action lawsuit against Fifth Third Bancorp, Fifth Third Chairman and Chief Executive Officer Greg D. Carmichael, and former Fifth Third Chief Financial Officer Tayfun Tuzun in the U.S. District Court for the Northern District of Illinois entitled Lee Christakis, individually and on behalf of all others similarly situated v. Fifth Third Bancorp, et al., Case No. 1:20-cv-2176 (N.D. Ill). The case brings two claims for violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, alleging that the Defendants made material misstatements and omissions in connection with the alleged unauthorized opening of credit card, savings, checking, online banking and early access accounts from 2010 through 2016. The plaintiff seeks certification of a class, unspecified damages, attorneys’ fees and costs. On June 29, 2020, the Court appointed Heavy & General Laborers’ Local 472 & 172 Pension and Annuity Funds as lead plaintiff, and Robins Geller Rudman & Dowd LLP as lead counsel for the plaintiff. On September 14, 2020, the lead plaintiff filed its amended consolidated complaint. On April 27, 2021, the Court granted the defendants’ motion to dismiss and provided plaintiff with leave to amend to attempt to cure the deficiencies. On July 31, 2020, a second putative shareholder class action lawsuit captioned Dr. Steven Fox, individually and on behalf of all others similarly situated v. Fifth Third Bancorp, et al., Case No. 2020CH05219 was filed on behalf of former shareholders of MB Financial, Inc. in the Cook County, Illinois Circuit Court. The suit brings claims for violation of Sections 11 and 12(a)(2) of the Securities Act of 1933, alleging that the Bancorp and certain of its officers and directors made material misstatements and omissions regarding the alleged improper cross-selling strategy in filings made in connection with the Bancorp’s merger with MB Financial, Inc. On March 19, 2021, the trial court denied the defendants’ motion to dismiss. In addition, shareholder derivative lawsuits have been filed seeking monetary damages on behalf of the Bancorp alleging certain claims against various officers and directors relating to an alleged improper cross-selling strategy. Four lawsuits filed in the U.S. District Court for the Northern District of Illinois have been consolidated into a single action captioned In re Fifth Third Bancorp Derivative Litigation, Case No. 1:20-cv-04115. Those cases consist of: (1) Pemberton v. Carmichael, et al., Case No. 20-cv-4115 (filed July 13, 2020); (2) Meyer v. Carmichael, et al., Case No. 20-cv-4244 (filed July 17, 2020); (3) Cox v. Carmichael, et al., Case No. 20-cv-4660 (filed August 7, 2020); and (4) Hansen v. Carmichael, et al., Case No. 20-cv-5339 (filed September 10, 2020). Also pending are shareholder derivative matters Reese v. Carmichael, et al., Case No. 20-cv-866 pending in the U.S. District Court of the Southern District of Ohio (filed November 4, 2020), which was subsequently transferred to the Northern District of Illinois (Case No. 1:21-cv-01631) and Sandys v. Carmichael, et al., Case No. A2004539 pending in the Hamilton County, Ohio Court of Common Pleas (filed December 28, 2020). The Bancorp has also received several shareholder demands under Ohio Rev. Code § 1701.37(c) and lawsuits have been filed arising out of the same. Finally, the Bancorp has received shareholder demands that the Bancorp’s Board of Directors investigate and commence a civil action for failure to detect and/or prevent the alleged illegal cross-selling strategy. One of those shareholders subsequently filed the aforementioned Sandys v. Carmichael, et al. matter. Other litigation The Bancorp and its subsidiaries are not parties to any other material litigation. However, there are other litigation matters that arise in the normal course of business. While it is impossible to ascertain the ultimate resolution or range of financial liability with respect to these contingent matters, management believes that the resulting liability, if any, from these other actions would not have a material effect upon the Bancorp’s consolidated financial position, results of operations or cash flows. Governmental Investigations and Proceedings The Bancorp and/or its affiliates are or may become involved in information-gathering requests, reviews, investigations and proceedings (both formal and informal) by various governmental regulatory agencies and law enforcement authorities, including but not limited to the FRB, OCC, CFPB, SEC, FINRA, U.S. Department of Justice, etc., as well as state and other governmental authorities and self-regulatory bodies regarding their respective businesses. Additional matters will likely arise from time to time. Any of these matters may result in material adverse consequences or reputational harm to the Bancorp, its affiliates and/or their respective directors, officers and other personnel, including adverse judgments, findings, settlements, fines, penalties, orders, injunctions or other actions, amendments and/or restatements of the Bancorp’s SEC filings and/or financial statements, as applicable, and/or determinations of material weaknesses in our disclosure controls and procedures. Investigations by regulatory authorities may from time to time result in civil or criminal referrals to law enforcement. Additionally, in some cases, regulatory authorities may take supervisory actions that are considered to be confidential supervisory information which may not be publicly disclosed. Reasonably Possible Losses in Excess of Accruals The Bancorp and its subsidiaries are parties to numerous claims and lawsuits as well as threatened or potential actions or claims concerning matters arising from the conduct of its business activities. The outcome of claims or litigation and the timing of ultimate resolution are inherently difficult to predict. The following factors, among others, contribute to this lack of predictability: claims often include significant legal uncertainties, damages alleged by plaintiffs are often unspecified or overstated, discovery may not have started or may not be complete and material facts may be disputed or unsubstantiated. As a result of these factors, the Bancorp is not always able to provide an estimate of the range of reasonably possible outcomes for each claim. An accrual for a potential litigation loss is established when information related to the loss contingency indicates both that a loss is probable and that the amount of loss can be reasonably estimated. Any such accrual is adjusted from time to time thereafter as appropriate to reflect changes in circumstances. The Bancorp also determines, when possible (due to the uncertainties described above), estimates of reasonably possible losses or ranges of reasonably possible losses, in excess of amounts accrued. Under U.S. GAAP, an event is “reasonably possible” if “the chance of the future event or events occurring is more than remote but less than likely” and an event is “remote” if “the chance of the future event or events occurring is slight.” Thus, references to the upper end of the range of reasonably possible loss for cases in which the Bancorp is able to estimate a range of reasonably possible loss mean the upper end of the range of loss for cases for which the Bancorp believes the risk of loss is more than slight. For matters where the Bancorp is able to estimate such possible losses or ranges of possible losses, the Bancorp currently estimates that it is reasonably possible that it could incur losses related to legal and regulatory proceedings, in an aggregate amount up to approximately $49 million in excess of amounts accrued, with it also being reasonably possible that no losses will be incurred in these matters. The estimates included in this amount are based on the Bancorp’s analysis of currently available information, and as new information is obtained the Bancorp may change its estimates. For these matters and others where an unfavorable outcome is reasonably possible but not probable, there may be a range of possible losses in excess of the established accrual that cannot be estimated. Based on information currently available, advice of counsel, available insurance coverage and established accruals, the Bancorp believes that the eventual outcome of the actions against the Bancorp and/or its subsidiaries, including the matters described above, will not, individually or in the aggregate, have a material adverse effect on the Bancorp’s consolidated financial position. However, in the event of unexpected future developments, it is possible that the ultimate resolution of those matters, if unfavorable, may be material to the Bancorp’s results of operations for any particular period, depending, in part, upon the size of the loss or liability imposed and the operating results for the applicable period.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The applicable income tax expense was $202 million and $49 million for the three months ended June 30, 2021 and 2020, respectively, and $391 million and $61 million for the six months ended June 30, 2021 and 2020, respectively. The effective tax rates for the three months ended June 30, 2021 and 2020 were 22.1% and 19.9%, respectively, and 21.8% and 20.4% for the six months ended June 30, 2021 and 2020, respectively. While it is reasonably possible that the amount of the unrecognized tax benefits with respect to certain of the Bancorp’s uncertain tax positions could increase or decrease during the next 12 months, the Bancorp believes it is unlikely that its unrecognized tax benefits will change by a material amount during the next 12 months.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The tables below present the activity of the components of OCI and AOCI for the three months ended: Total OCI Total AOCI June 30, 2021 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding gains on available-for-sale debt securities arising during period $ 306 (71) 235 Reclassification adjustment for net gains on available-for-sale debt securities included in net income (7) 2 (5) Net unrealized gains on available-for-sale debt securities 299 (69) 230 1,242 230 1,472 Unrealized holding gains on cash flow hedge derivatives arising during period 11 (2) 9 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (73) 15 (58) Net unrealized gains on cash flow hedge derivatives (62) 13 (49) 597 (49) 548 Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 3 (1) 2 Defined benefit pension plans, net 2 (1) 1 (43) 1 (42) Other — — — (4) — (4) Total $ 239 (57) 182 1,792 182 1,974 Total OCI Total AOCI June 30, 2020 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding gains on available-for-sale debt securities arising during period $ 602 (146) 456 Net unrealized gains on available-for-sale debt securities 602 (146) 456 1,694 456 2,150 Unrealized holding gains on cash flow hedge derivatives arising during period 83 (17) 66 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (62) 13 (49) Net unrealized gains on cash flow hedge derivatives 21 (4) 17 824 17 841 Reclassification of amounts to net periodic benefit costs 1 — 1 Defined benefit pension plans, net 1 — 1 (41) 1 (40) Total $ 624 (150) 474 2,477 474 2,951 The tables below present the activity of the components of OCI and AOCI for the six months ended: Total OCI Total AOCI June 30, 2021 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding losses on available-for-sale debt securities arising during period $ (609) 143 (466) Reclassification adjustment for net losses on available-for-sale debt securities included in net income 9 (2) 7 Net unrealized gains on available-for-sale debt securities (600) 141 (459) 1,931 (459) 1,472 Unrealized holding losses on cash flow hedge derivatives arising during period (70) 15 (55) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (146) 31 (115) Net unrealized gains on cash flow hedge derivatives (216) 46 (170) 718 (170) 548 Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 4 (1) 3 Defined benefit pension plans, net 3 (1) 2 (44) 2 (42) Other — — — (4) — (4) Total $ (813) 186 (627) 2,601 (627) 1,974 Total OCI Total AOCI June 30, 2020 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding gains on available-for-sale debt securities arising during period $ 1,757 (419) 1,338 Net unrealized gains on available-for-sale debt securities 1,757 (419) 1,338 812 1,338 2,150 Unrealized holding gains on cash flow hedge derivatives arising during period 624 (131) 493 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (94) 20 (74) Net unrealized gains on cash flow hedge derivatives 530 (111) 419 422 419 841 Reclassification of amounts to net periodic benefit costs 3 (1) 2 Defined benefit pension plans, net 3 (1) 2 (42) 2 (40) Total $ 2,290 (531) 1,759 1,192 1,759 2,951 The table below presents reclassifications out of AOCI: Condensed Consolidated Statements of For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Net unrealized gains on available-for-sale debt securities: (b) Net losses included in net income Securities gains (losses), net $ 7 — (9) — Income before income taxes 7 — (9) — Applicable income tax expense (2) — 2 — Net income 5 — (7) — Net unrealized gains on cash flow hedge derivatives: (b) Interest rate contracts related to C&I loans Interest and fees on loans and leases 73 62 146 94 Income before income taxes 73 62 146 94 Applicable income tax expense (15) (13) (31) (20) Net income 58 49 115 74 Net periodic benefit costs: (b) Amortization of net actuarial loss Compensation and benefits (a) (2) (1) (3) (3) Settlements Compensation and benefits (a) (1) — (1) — Income before income taxes (3) (1) (4) (3) Applicable income tax expense 1 — 1 1 Net income (2) (1) (3) (2) Total reclassifications for the period Net income $ 61 48 105 72 (a) This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 23 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020 for further information. (b) Amounts in parentheses indicate reductions to net income.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following tables provide the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share: 2021 2020 For the three months ended June 30, (in millions, except per share data) Income Average Per Share Income Average Per Share Earnings Per Share: Net income available to common shareholders $ 674 $ 163 Less: Income allocated to participating securities 1 1 Net income allocated to common shareholders $ 673 709 $ 0.95 $ 162 715 $ 0.23 Earnings Per Diluted Share: Net income available to common shareholders $ 674 $ 163 Effect of dilutive securities: Stock-based awards — 9 — 3 Net income available to common shareholders plus assumed conversions $ 674 $ 163 Less: Income allocated to participating securities 1 1 Net income allocated to common shareholders plus assumed conversions $ 673 718 $ 0.94 $ 162 718 $ 0.23 2021 2020 For the six months ended June 30, (in millions, except per share data) Income Average Shares Per Share Amount Income Average Shares Per Share Amount Earnings Per Share: Net income available to common shareholders $ 1,348 $ 193 Less: Income allocated to participating securities 4 2 Net income allocated to common shareholders $ 1,344 712 $ 1.89 $ 191 714 $ 0.27 Earnings Per Diluted Share: Net income available to common shareholders $ 1,348 $ 193 Effect of dilutive securities: Stock-based awards — 9 — 5 Net income available to common shareholders plus assumed conversions $ 1,348 $ 193 Less: Income allocated to participating securities 4 2 Net income allocated to common shareholders plus assumed conversions $ 1,344 721 $ 1.87 $ 191 719 $ 0.27 Shares are excluded from the computation of earnings per diluted share when their inclusion has an anti-dilutive effect on earnings per share. The diluted earnings per share computation for both the three and six months ended June 30, 2021 excludes an immaterial amount of stock-based awards because their inclusion would have been anti-dilutive. The diluted earnings per share computation for the three and six months ended June 30, 2020 excludes 12 million and 9 million shares, respectively, of stock-based awards because their inclusion would have been anti-dilutive.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Bancorp measures certain financial assets and liabilities at fair value in accordance with U.S. GAAP, which defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP also establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the instrument’s fair value measurement. For more information regarding the fair value hierarchy, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables summarize assets and liabilities measured at fair value on a recurring basis as of: Fair Value Measurements Using June 30, 2021 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 107 — — 107 Obligations of states and political subdivisions securities — 18 — 18 Mortgage-backed securities: Agency residential mortgage-backed securities — 10,809 — 10,809 Agency commercial mortgage-backed securities — 19,294 — 19,294 Non-agency commercial mortgage-backed securities — 3,479 — 3,479 Asset-backed securities and other debt securities — 3,785 — 3,785 Available-for-sale debt and other securities (a) 107 37,385 — 37,492 Trading debt securities: U.S. Treasury and federal agencies securities 96 — — 96 Obligations of states and political subdivisions securities — 63 — 63 Agency residential mortgage-backed securities — 69 — 69 Asset-backed securities and other debt securities — 483 — 483 Trading debt securities 96 615 — 711 Equity securities 329 12 — 341 Residential mortgage loans held for sale — 1,633 — 1,633 Residential mortgage loans (b) — — 151 151 Servicing rights — — 818 818 Derivative assets: Interest rate contracts 1 1,642 39 1,682 Foreign exchange contracts — 286 — 286 Commodity contracts 27 1,213 — 1,240 Derivative assets (c) 28 3,141 39 3,208 Total assets $ 560 42,786 1,008 44,354 Liabilities: Derivative liabilities: Interest rate contracts $ 8 223 8 239 Foreign exchange contracts — 246 — 246 Equity contracts — — 213 213 Commodity contracts 397 812 — 1,209 Derivative liabilities (d) 405 1,281 221 1,907 Short positions: U.S. Treasury and federal agencies securities 110 — — 110 Asset-backed securities and other debt securities — 417 — 417 Short positions (d) 110 417 — 527 Total liabilities $ 515 1,698 221 2,434 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $33, $485 and $2, respectively, at June 30, 2021. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets. Fair Value Measurements Using December 31, 2020 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 78 — — 78 Obligations of states and political subdivisions securities — 17 — 17 Mortgage-backed securities: Agency residential mortgage-backed securities — 11,907 — 11,907 Agency commercial mortgage-backed securities — 18,221 — 18,221 Non-agency commercial mortgage-backed securities — 3,590 — 3,590 Asset-backed securities and other debt securities — 3,176 — 3,176 Available-for-sale debt and other securities (a) 78 36,911 — 36,989 Trading debt securities: U.S. Treasury and federal agencies securities 81 — — 81 Obligations of states and political subdivisions securities — 10 — 10 Agency residential mortgage-backed securities — 30 — 30 Asset-backed securities and other debt securities — 439 — 439 Trading debt securities 81 479 — 560 Equity securities 293 20 — 313 Residential mortgage loans held for sale — 1,481 — 1,481 Residential mortgage loans (b) — — 161 161 Servicing rights — — 656 656 Derivative assets: Interest rate contracts 1 2,227 61 2,289 Foreign exchange contracts — 255 — 255 Commodity contracts 24 351 — 375 Derivative assets (c) 25 2,833 61 2,919 Total assets $ 477 41,724 878 43,079 Liabilities: Derivative liabilities: Interest rate contracts $ 16 261 8 285 Foreign exchange contracts — 227 — 227 Equity contracts — — 201 201 Commodity contracts 55 304 — 359 Derivative liabilities (d) 71 792 209 1,072 Short positions: U.S. Treasury and federal agencies securities 63 — — 63 Asset-backed securities and other debt securities — 392 — 392 Short positions (d) 63 392 — 455 Total liabilities $ 134 1,184 209 1,527 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $40, $482 and $2, respectively, at December 31, 2020. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets. The following is a description of the valuation methodologies used for significant instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy. Available-for-sale debt and other securities, trading debt securities and equity securities Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include U.S. Treasury securities and equity securities. If quoted market prices are not available, then fair values are estimated using pricing models which primarily utilize quoted prices of securities with similar characteristics. Level 2 securities may include federal agencies securities, obligations of states and political subdivisions securities, agency residential mortgage-backed securities, agency and non-agency commercial mortgage-backed securities, asset-backed securities and other debt securities and equity securities. These securities are generally valued using a market approach based on observable prices of securities with similar characteristics. Residential mortgage loans held for sale For residential mortgage loans held for sale for which the fair value election has been made, fair value is estimated based upon mortgage-backed securities prices and spreads to those prices or, for certain ARM loans, DCF models that may incorporate the anticipated portfolio composition, credit spreads of asset-backed securities with similar collateral and market conditions. The anticipated portfolio composition includes the effect of interest rate spreads and discount rates due to loan characteristics such as the state in which the loan was originated, the loan amount and the ARM margin. Residential mortgage loans held for sale that are valued based on mortgage-backed securities prices are classified within Level 2 of the valuation hierarchy as the valuation is based on external pricing for similar instruments. ARM loans classified as held for sale are also classified within Level 2 of the valuation hierarchy due to the use of observable inputs in the DCF model. These observable inputs include interest rate spreads from agency mortgage-backed securities market rates and observable discount rates. Residential mortgage loans Residential mortgage loans held for sale that are reclassified to held for investment are transferred from Level 2 to Level 3 of the fair value hierarchy. For residential mortgage loans for which the fair value election has been made, and that are reclassified from held for sale to held for investment, the fair value estimation is based on mortgage-backed securities prices, interest rate risk and an internally developed credit component. Therefore, these loans are classified within Level 3 of the valuation hierarchy. An adverse change in the loss rate or severity assumption would result in a decrease in fair value of the related loans. Servicing rights MSRs do not trade in an active, open market with readily observable prices. While sales of MSRs do occur, the precise terms and conditions typically are not readily available. Accordingly, the Bancorp estimates the fair value of MSRs using internal OAS models with certain unobservable inputs, primarily prepayment speed assumptions, OAS and weighted-average lives, resulting in a classification within Level 3 of the valuation hierarchy. Refer to Note 12 for further information on the assumptions used in the valuation of the Bancorp’s MSRs. Derivatives Exchange-traded derivatives valued using quoted prices and certain over-the-counter derivatives valued using active bids are classified within Level 1 of the valuation hierarchy. Most of the Bancorp’s derivative contracts are valued using DCF or other models that incorporate current market interest rates, credit spreads assigned to the derivative counterparties and other market parameters and, therefore, are classified within Level 2 of the valuation hierarchy. Such derivatives include basic and structured interest rate, foreign exchange and commodity swaps and options. Derivatives that are valued based upon models with significant unobservable market parameters are classified within Level 3 of the valuation hierarchy. At June 30, 2021 and December 31, 2020, derivatives classified as Level 3, which are valued using models containing unobservable inputs, consisted primarily of a total return swap associated with the Bancorp’s sale of Visa, Inc. Class B Shares as well as IRLCs, which utilize internally generated loan closing rate assumptions as a significant unobservable input in the valuation process. Under the terms of the total return swap, the Bancorp will make or receive payments based on subsequent changes in the conversion rate of the Visa, Inc. Class B Shares into Class A Shares. Additionally, the Bancorp will make a quarterly payment based on Visa’s stock price and the conversion rate of the Visa, Inc. Class B Shares into Class A Shares until the date on which the Covered Litigation is settled. The fair value of the total return swap was calculated using a DCF model based on unobservable inputs consisting of management’s estimate of the probability of certain litigation scenarios, the timing of the resolution of the Covered Litigation and Visa litigation loss estimates in excess, or shortfall, of the Bancorp’s proportional share of escrow funds. An increase in the loss estimate or a delay in the resolution of the Covered Litigation would result in an increase in the fair value of the derivative liability; conversely, a decrease in the loss estimate or an acceleration of the resolution of the Covered Litigation would result in a decrease in the fair value of the derivative liability. Refer to Note 16 for additional information on the Covered Litigation. The net asset fair value of the Bancorp’s IRLCs at June 30, 2021 was $39 million. Immediate decreases in current interest rates of 25 bps and 50 bps would result in increases in the fair value of the IRLCs of approximately $16 million and $29 million, respectively. Immediate increases of current interest rates of 25 bps and 50 bps would result in decreases in the fair value of the IRLCs of approximately $18 million and $37 million, respectively. The decrease in fair value of IRLCs due to immediate 10% and 20% adverse changes in the assumed loan closing rates would be approximately $4 million and $8 million, respectively, and the increase in fair value due to immediate 10% and 20% favorable changes in the assumed loan closing rates would be approximately $4 million and $8 million, respectively. These sensitivities are hypothetical and should be used with caution, as changes in fair value based on a variation in assumptions typically cannot be extrapolated because the relationship of the change in assumptions to the change in fair value may not be linear. Short positions Where quoted prices are available in an active market, short positions are classified within Level 1 of the valuation hierarchy. Level 1 securities include U.S. Treasury securities. If quoted market prices are not available, then fair values are estimated using pricing models which primarily utilize quoted prices of securities with similar characteristics and therefore are classified within Level 2 of the valuation hierarchy. Level 2 securities include asset-backed and other debt securities. The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended June 30, 2021 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 153 784 30 (195) 772 Total (losses) gains (realized/unrealized): (b) Included in earnings — (122) 57 (37) (102) Purchases/originations — 156 — — 156 Settlements (12) — (56) 19 (49) Transfers into Level 3 (c) 10 — — — 10 Balance, end of period $ 151 818 31 (213) 787 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2021 $ — (56) 37 (37) (56) (a) Net interest rate derivatives include derivative assets and liabilities of $39 and $8, respectively, as of June 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended June 30, 2020 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 185 685 61 (171) 760 Total (losses) gains (realized/unrealized): (b) Included in earnings (2) (70) 83 (29) (18) Purchases/originations — 61 5 — 66 Settlements (20) — (60) 17 (63) Transfers into Level 3 (c) 22 — — — 22 Balance, end of period $ 185 676 89 (183) 767 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2020 $ (2) (23) 85 (29) 31 (a) Net interest rate derivatives include derivative assets and liabilities of $98 and $9, respectively, as of June 30, 2020. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2020. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the six months ended June 30, 2021 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 161 656 53 (201) 669 Total (losses) gains (realized/unrealized): (b) Included in earnings (1) (50) 91 (50) (10) Purchases/originations — 212 (1) — 211 Settlements (29) — (112) 38 (103) Transfers into Level 3 (c) 20 — — — 20 Balance, end of period $ 151 818 31 (213) 787 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2021 $ (1) 69 40 (50) 58 (a) Net interest rate derivatives include derivative assets and liabilities of $39 and $8, respectively, as of June 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the six months ended June 30, 2020 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 183 993 10 (163) 1,023 Total (losses) gains (realized/unrealized): (b) Included in earnings 2 (448) 186 (51) (311) Purchases/originations — 131 4 — 135 Settlements (29) — (111) 31 (109) Transfers into Level 3 (c) 29 — — — 29 Balance, end of period $ 185 676 89 (183) 767 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2020 $ 2 (331) 93 (51) (287) (a) Net interest rate derivatives include derivative assets and liabilities of $98 and $9, respectively, as of June 30, 2020. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2020. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Mortgage banking net revenue $ (66) 10 39 (261) Commercial banking revenue 1 1 1 1 Other noninterest income (37) (29) (50) (51) Total losses $ (102) (18) (10) (311) The total gains and losses included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at June 30, 2021 and 2020 were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Mortgage banking net revenue $ (20) 59 107 (237) Commercial banking revenue 1 1 1 1 Other noninterest income (37) (29) (50) (51) Total gains (losses) $ (56) 31 58 (287) The following tables present information as of June 30, 2021 and 2020 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a recurring basis: As of June 30, 2021 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 151 Loss rate model Interest rate risk factor (9.2) - 9.0% 1.1 % (a) Credit risk factor — - 24.8% 0.5 % (a) (Fixed) 14.5 % (b) Servicing rights 818 DCF Prepayment speed — - 100.0% (Adjustable) 21.6 % (b) (Fixed) 542 (b) OAS (bps) 406 - 1,587 (Adjustable) 978 (b) IRLCs, net 39 DCF Loan closing rates 10.0 - 97.2% 76.5 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (213) DCF Timing of the resolution Q1 2023 - Q1 2025 Q4 2023 (d) (a) Unobservable inputs were weighted by the relative carrying value of the instruments. (b) Unobservable inputs were weighted by the relative unpaid principal balance of the instruments. (c) Unobservable inputs were weighted by the relative notional amount of the instruments. (d) Unobservable inputs were weighted by the probability of the final funding date of the instruments. As of June 30, 2020 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 185 Loss rate model Interest rate risk factor (7.4) - 11.6 % 0.7 % (a) Credit risk factor — - 26.4 % 0.4 % (a) (Fixed) 20.1 % (b) Servicing rights 676 DCF Prepayment speed 0.5 - 99.6 % (Adjustable) 23.4 % (b) (Fixed) 784 (b) OAS (bps) 536 - 1,386 (Adjustable) 934 (b) IRLCs, net 91 DCF Loan closing rates 7.2 - 97.2 % 65.7 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (183) DCF Timing of the resolution Q3 2022 - Q2 2024 Q1 2023 (d) (a) Unobservable inputs were weighted by the relative carrying value of the instruments. (b) Unobservable inputs were weighted by the relative unpaid principal balance of the instruments. (c) Unobservable inputs were weighted by the relative notional amount of the instruments. (d) Unobservable inputs were weighted by the probability of the final funding date of the instruments. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Certain assets and liabilities are measured at fair value on a nonrecurring basis. These assets and liabilities are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment. The following tables provide the fair value hierarchy and carrying amount of all assets that were held as of June 30, 2021 and 2020, and for which a nonrecurring fair value adjustment was recorded during the three and six months ended June 30, 2021 and 2020, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period. Fair Value Measurements Using Total (Losses) Gains As of June 30, 2021 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended June 30, 2021 For the six months ended June 30, 2021 Commercial loans held for sale $ — — 2 2 — 1 Commercial loans and leases — — 313 313 (39) (44) Consumer and residential mortgage loans — — 140 140 1 (1) OREO — — 6 6 — (6) Bank premises and equipment — — 7 7 (1) (2) Operating lease equipment — — 34 34 — (25) Private equity investments — 1 — 1 — — Total $ — 1 502 503 (39) (77) Fair Value Measurements Using Total (Losses) Gains As of June 30, 2020 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended June 30, 2020 For the six months ended June 30, 2020 Commercial loans held for sale $ — 37 17 54 (1) (4) Commercial loans and leases — — 569 569 (118) (192) Consumer and residential mortgage loans — — 186 186 2 3 OREO — — 18 18 (1) (6) Bank premises and equipment — — 14 14 (12) (14) Operating lease equipment — — 10 10 — (3) Private equity investments — — 70 70 — (9) Total $ — 37 884 921 (130) (225) The following tables present information as of June 30, 2021 and 2020 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured on a nonrecurring basis: As of June 30, 2021 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans held for sale $ 2 Comparable company analysis Market comparable transactions NM NM Commercial loans and leases 313 Appraised value Collateral value NM NM Consumer and residential mortgage loans 140 Appraised value Collateral value NM NM OREO 6 Appraised value Appraised value NM NM Bank premises and equipment 7 Appraised value Appraised value NM NM Operating lease equipment 34 Appraised value Appraised value NM NM As of June 30, 2020 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans held for sale $ 16 Comparable company analysis Market comparable transactions NM NM 1 Appraised value Appraised value NM NM Commercial loans and leases 569 Appraised value Collateral value NM NM Consumer and residential mortgage loans 186 Appraised value Collateral value NM NM OREO 18 Appraised value Appraised value NM NM Bank premises and equipment 14 Appraised value Appraised value NM NM Operating lease equipment 10 Appraised value Appraised value NM NM Private equity investments 70 Comparable company analysis Market comparable transactions NM NM Commercial loans held for sale The Bancorp estimated the fair value of certain commercial loans held for sale during the six months ended June 30, 2021 and 2020, resulting in positive fair value adjustments of an immaterial amount during both the three and six months ended June 30, 2021, and negative fair value adjustments of $1 million and $4 million during the three and six months ended June 30, 2020, respectively. These valuations were based on quoted prices for similar assets in active markets (Level 2 of the valuation hierarchy), appraisals of the underlying collateral or by applying unobservable inputs such as an estimated market discount to the unpaid principal balance of the loans or the appraised values of the assets (Level 3 of the valuation hierarchy). The Bancorp recognized losses of an immaterial amount and gains of $1 million on the sale of certain commercial loans held for sale during the three and six months ended June 30, 2021, respectively, and gains of an immaterial amount during both the three and six months ended June 30, 2020. Portfolio loans and leases During the three and six months ended June 30, 2021 and 2020, the Bancorp recorded nonrecurring impairment adjustments to certain collateral-dependent portfolio loans and leases. When a loan is collateral-dependent, the fair value of the loan is generally based on the fair value less cost to sell of the underlying collateral supporting the loan and therefore these loans were classified within Level 3 of the valuation hierarchy. In cases where the carrying value exceeds the fair value, an impairment loss is recognized. The fair values and recognized impairment losses are reflected in the previous tables. OREO During the three and six months ended June 30, 2021 and 2020, the Bancorp recorded nonrecurring adjustments to certain commercial and residential real estate properties and branch-related real estate no longer intended to be used for banking purposes classified as OREO and measured at the lower of carrying amount or fair value. These nonrecurring losses were primarily due to declines in real estate values of the properties recorded in OREO. These losses include an immaterial amount and $6 million in losses, respectively, recorded as charge-offs on new OREO properties transferred from loans, during the three and six months ended June 30, 2021 compared to an immaterial amount and $2 million in losses during the three and six months ended June 30, 2020, respectively. These losses also included an immaterial amount for both the three and six months ended June 30, 2021, and $1 million and $4 million for the three and six months ended June 30, 2020, respectively, recorded as negative fair value adjustments on OREO in other noninterest expense or other noninterest income in the Condensed Consolidated Statements of Income subsequent to their transfer into OREO. The fair value amounts are generally based on appraisals of the property values, resulting in a classification within Level 3 of the valuation hierarchy. In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized. The previous tables reflect the fair value measurements of the properties before deducting the estimated costs to sell. Bank premises and equipment The Bancorp performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. These properties were written down to their lower of cost or market values. At least annually thereafter, the Bancorp will review these properties for market fluctuations. The fair value amounts were generally based on appraisals of the property values, resulting in a classification within Level 3 of the valuation hierarchy. For further information on bank premises and equipment, refer to Note 7. Operating lease equipment The Bancorp performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. When evaluating whether an individual asset is impaired, the Bancorp considers the current fair value of the asset, the changes in overall market demand for the asset and the rate of change in advancements associated with technological improvements that impact the demand for the specific asset under review. As part of this ongoing assessment, the Bancorp determined that the carrying values of certain operating lease equipment were not recoverable and, as a result, the Bancorp recorded an impairment loss equal to the amount by which the carrying value of the assets exceeded the fair value. The fair value amounts were generally based on appraised values of the assets, resulting in a classification within Level 3 of the valuation hierarchy. Private equity investments The Bancorp accounts for its private equity investments using the measurement alternative to fair value, except for those accounted for under the equity method of accounting. Under the measurement alternative, the Bancorp carries each investment at its cost basis minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. The Bancorp recognized an immaterial amount of gains resulting from observable price changes during both the three and six months ended June 30, 2021 and 2020. The carrying value of the Bancorp’s private equity investments still held as of June 30, 2021 includes a cumulative $70 million of positive adjustments as a result of observable price changes since January 1, 2018. Because these adjustments are based on observable transactions in inactive markets, they are classified in Level 2 of the fair value hierarchy. For private equity investments which are accounted for using the measurement alternative to fair value, the Bancorp qualitatively evaluates each investment quarterly to determine if impairment may exist. If necessary, the Bancorp then measures impairment by estimating the value of its investment and comparing that to the investment’s carrying value, whether or not the Bancorp considers the impairment to be temporary. These valuations are typically developed using a DCF method, but other methods may be used if more appropriate for the circumstances. These valuations are based on unobservable inputs and therefore are classified in Level 3 of the fair value hierarchy. The Bancorp recognized impairments of an immaterial amount for both the three and six months ended June 30, 2021 compared to zero and $9 million for the three and six months ended June 30, 2020, respectively. The carrying value of the Bancorp’s private equity investments still held as of June 30, 2021 includes a cumulative $21 million of impairment charges recognized since adoption of the measurement alternative to fair value on January 1, 2018. Fair Value Option The Bancorp elected to measure certain residential mortgage loans held for sale under the fair value option as allowed under U.S. GAAP. Electing to measure residential mortgage loans held for sale at fair value reduces certain timing differences and better matches changes in the value of these assets with changes in the value of derivatives used as economic hedges for these assets. Management’s intent to sell residential mortgage loans classified as held for sale may change over time due to such factors as changes in the overall liquidity in markets or changes in characteristics specific to certain loans held for sale. Consequently, these loans may be reclassified to loans held for investment and maintained in the Bancorp’s loan portfolio. In such cases, the loans will continue to be measured at fair value. Fair value changes recognized in earnings for residential mortgage loans held at June 30, 2021 and 2020 for which the fair value option was elected, as well as the changes in fair value of the underlying IRLCs, included gains of $59 million and $45 million, respectively. These gains are reported in mortgage banking net revenue in the Condensed Consolidated Statements of Income. Valuation adjustments related to instrument-specific credit risk for residential mortgage loans measured at fair value negatively impacted the fair value of those loans by $1 million at both June 30, 2021 and December 31, 2020. Interest on loans measured at fair value is accrued as it is earned using the effective interest method and is reported as interest income in the Condensed Consolidated Statements of Income. The following table summarizes the difference between the fair value and the unpaid principal balance for residential mortgage loans measured at fair value as of: June

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Business Segments	Business Segments The Bancorp reports on four business segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth and Asset Management. Results of the Bancorp’s business segments are presented based on its management structure and management accounting practices. The structure and accounting practices are specific to the Bancorp; therefore, the financial results of the Bancorp’s business segments are not necessarily comparable with similar information for other financial institutions. The Bancorp refines its methodologies from time to time as management’s accounting practices and businesses change. The Bancorp manages interest rate risk centrally at the corporate level. By employing an FTP methodology, the business segments are insulated from most benchmark interest rate volatility, enabling them to focus on serving customers through the origination of loans and acceptance of deposits. The FTP methodology assigns charge and credit rates to classes of assets and liabilities, respectively, based on the estimated amount and timing of the cash flows for each transaction. Assigning the FTP rate based on matching the duration of cash flows allocates interest income and interest expense to each business segment so its resulting net interest income is insulated from future changes in benchmark interest rates. The Bancorp’s FTP methodology also allocates the contribution to net interest income of the asset-generating and deposit-providing businesses on a duration-adjusted basis to better attribute the driver of the performance. As the asset and liability durations are not perfectly matched, the residual impact of the FTP methodology is captured in General Corporate and Other. The charge and credit rates are determined using the FTP rate curve, which is based on an estimate of Fifth Third’s marginal borrowing cost in the wholesale funding markets. The FTP curve is constructed using the U.S. swap curve, brokered CD pricing and unsecured debt pricing. The Bancorp adjusts the FTP charge and credit rates as dictated by changes in interest rates for various interest-earning assets and interest-bearing liabilities and by the review of behavioral assumptions, such as prepayment rates on interest-earning assets and the estimated durations for indeterminate-lived deposits. Key assumptions, including the credit rates provided for deposit accounts, are reviewed annually. Credit rates for deposit products and charge rates for loan products may be reset more frequently in response to changes in market conditions. The Bancorp’s methodology for allocating provision for credit losses expense to the business segments includes charges or benefits associated with changes in criticized commercial loan levels in addition to actual net charge-offs experienced by the loans and leases owned by each business segment. Provision for credit losses expense attributable to loan and lease growth and changes in ALLL factors is captured in General Corporate and Other. The financial results of the business segments include allocations for shared services and headquarters expenses. Additionally, the business segments form synergies by taking advantage of relationship depth opportunities and funding operations by accessing the capital markets as a collective unit. The following is a description of each of the Bancorp’s business segments and the products and services they provide to their respective client bases. Commercial Banking offers credit intermediation, cash management and financial services to large and middle-market businesses and government and professional customers. In addition to the traditional lending and depository offerings, Commercial Banking products and services include global cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing and syndicated finance. Branch Banking provides a full range of deposit and loan and lease products to individuals and small businesses through 1,096 full-service banking centers. Branch Banking offers depository and loan products, such as checking and savings accounts, home equity loans and lines of credit, credit cards and loans for automobiles and other personal financing needs, as well as products designed to meet the specific needs of small businesses, including cash management services. Consumer Lending includes the Bancorp’s residential mortgage, automobile and other indirect lending activities. Residential mortgage activities within Consumer Lending include the origination, retention and servicing of residential mortgage loans, sales and securitizations of those loans and all associated hedging activities. Residential mortgages are primarily originated through a dedicated sales force and through third-party correspondent lenders. Automobile and other indirect lending activities include extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers and marine dealers. Wealth and Asset Management provides a full range of wealth management services for individuals, companies and not-for-profit organizations. Wealth and Asset Management is made up of three main businesses: FTS, an indirect wholly-owned subsidiary of the Bancorp; Fifth Third Private Bank; and Fifth Third Institutional Services. FTS offers full service retail brokerage services to individual clients and broker-dealer services to the institutional marketplace. Fifth Third Private Bank offers wealth management strategies to high net worth and ultra-high net worth clients through wealth planning, investment management, banking, insurance, trust and estate services. Fifth Third Institutional Services provides advisory services for institutional clients, including middle market businesses, non-profits, states and municipalities. The following tables present the results of operations and assets by business segment for the three months ended: June 30, 2021 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 376 301 142 21 368 — 1,208 (Benefit from) provision for credit losses (151) 25 — — 11 — (115) Net interest income after (benefit from) provision for credit losses $ 527 276 142 21 357 — 1,323 Noninterest income: Commercial banking revenue $ 156 3 — 1 — — 160 Service charges on deposits 92 57 — — — — 149 Wealth and asset management revenue 1 52 — 138 — (46) (a) 145 Card and processing revenue 15 84 — 1 2 — 102 Mortgage banking net revenue — 3 60 1 — — 64 Leasing business revenue 61 — — — — — 61 Other noninterest income (b) 30 25 2 2 (10) — 49 Securities gains, net — — — — 10 — 10 Securities gains, net – non-qualifying hedges on MSRs — — 1 — — — 1 Total noninterest income $ 355 224 63 143 2 (46) 741 Noninterest expense: Compensation and benefits $ 136 158 61 49 234 — 638 Technology and communications 4 1 3 — 86 — 94 Net occupancy expense (c) 8 49 3 4 13 — 77 Equipment expense 7 9 — — 18 — 34 Leasing business expense 33 — — — — — 33 Card and processing expense 2 19 — — (1) — 20 Marketing expense 2 7 1 — 10 — 20 Other noninterest expense 207 207 95 78 (304) (46) 237 Total noninterest expense $ 399 450 163 131 56 (46) 1,153 Income before income taxes $ 483 50 42 33 303 — 911 Applicable income tax expense 90 10 9 7 86 — 202 Net income $ 393 40 33 26 217 — 709 Total goodwill $ 1,981 2,047 — 231 — — 4,259 Total assets $ 68,851 87,646 33,215 10,881 4,797 (d) — 205,390 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $2 for branches and land recorded in Branch Banking. For more information, refer to Note 7 and Note 21. (c) Includes impairment losses and termination charges of $2 for ROU assets related to certain operating leases. For more information refer to Note 9. (d) Includes bank premises and equipment of $25 classified as held for sale. For more information, refer to Note 7. June 30, 2020 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 570 513 92 51 (26) — 1,200 Provision for (benefit from) credit losses 457 52 10 (1) (33) — 485 Net interest income after provision for (benefit from) credit losses $ 113 461 82 52 7 — 715 Noninterest income: Commercial banking revenue $ 136 1 — 1 (1) — 137 Service charges on deposits 79 42 — — 1 — 122 Wealth and asset management revenue 1 39 — 115 — (35) (a) 120 Card and processing revenue 11 68 — — 3 — 82 Mortgage banking net revenue — 2 96 1 — — 99 Leasing business revenue 57 — — — — — 57 Other noninterest income (b) 10 15 2 4 (19) — 12 Securities gains, net — — — — 21 — 21 Securities gains, net – non-qualifying hedges on MSRs — — — — — — — Total noninterest income $ 294 167 98 121 5 (35) 650 Noninterest expense: Compensation and benefits $ 129 161 53 50 234 — 627 Technology and communications 3 1 2 — 84 — 90 Net occupancy expense (c) 8 44 2 3 25 — 82 Equipment expense 7 10 — — 15 — 32 Leasing business expense 33 — — — — — 33 Card and processing expense 2 28 — — (1) — 29 Marketing expense 2 5 1 — 12 — 20 Other noninterest expense 221 205 62 69 (314) (35) 208 Total noninterest expense $ 405 454 120 122 55 (35) 1,121 Income (loss) before income taxes $ 2 174 60 51 (43) — 244 Applicable income tax expense (benefit) (10) 36 12 11 — — 49 Net income (loss) $ 12 138 48 40 (43) — 195 Total goodwill $ 1,961 2,047 — 253 — — 4,261 Total assets $ 76,437 77,219 26,451 11,680 11,119 (d) — 202,906 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $4 and $8 for branches and land recorded in Branch Banking and General Corporate and Other, respectively. For more information, refer to Note 7 and Note 21. (c) Includes impairment losses and termination charges of $3 for ROU assets related to certain operating leases. For more information refer to Note 9. (d) Includes bank premises and equipment of $53 classified as held for sale. For more information, refer to Note 7. The following tables present the results of operations and assets by business segment for the six months ended: June 30, 2021 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 741 596 269 42 737 — 2,385 (Benefit from) provision for credit losses (227) 66 8 (1) (134) — (288) Net interest income after (benefit from) provision for credit losses $ 968 530 261 43 871 — 2,673 Noninterest income: Commercial banking revenue $ 307 5 — 1 — — 313 Service charges on deposits 181 111 — — — — 292 Wealth and asset management revenue 1 102 — 274 — (89) (a) 288 Card and processing revenue 29 161 — 1 5 — 196 Mortgage banking net revenue — 5 142 2 — — 149 Leasing business revenue 148 (c) — — — — — 148 Other noninterest income (b) 42 45 4 3 (2) — 92 Securities gains, net 7 — — — 6 — 13 Securities losses, net – non-qualifying hedges on MSRs — — (1) — — — (1) Total noninterest income $ 715 429 145 281 9 (89) 1,490 Noninterest expense: Compensation and benefits $ 292 328 127 103 493 — 1,343 Technology and communications 7 2 5 — 173 — 187 Net occupancy expense (d) 17 96 5 7 31 — 156 Equipment expense 13 19 — — 36 — 68 Leasing business expense 68 — — — — — 68 Card and processing expense 3 49 — — (2) — 50 Marketing expense 3 15 1 1 23 — 43 Other noninterest expense 416 430 186 156 (645) (89) 454 Total noninterest expense $ 819 939 324 267 109 (89) 2,369 Income before income taxes $ 864 20 82 57 771 — 1,794 Applicable income tax expense 160 4 17 12 198 — 391 Net income $ 704 16 65 45 573 — 1,403 Total goodwill $ 1,981 2,047 — 231 — — 4,259 Total assets $ 68,851 87,646 33,215 10,881 4,797 (e) — 205,390 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges o f $3 and $1 f or branches and land recorded in Branch Banking and General Corporate and Other, respectively. For more information, refer to Note 7 and Note 21. (c) Includes impairment charges o f $25 f or operating lease equipment. For more information, refer to Note 8 and Note 21. (d) Includes impairment losses and termination charges of $2 for ROU assets related to certain operating leases. For more information refer to Note 9. (e) Includes bank premises and equipment of $25 classified as held for sale. For more information, refer to Note 7. June 30, 2020 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 1,078 1,017 181 88 65 — 2,429 Provision for credit losses 502 114 23 — 486 — 1,125 Net interest income after provision for credit losses $ 576 903 158 88 (421) — 1,304 Noninterest income: Commercial banking revenue $ 260 2 — 1 (2) — 261 Service charges on deposits 162 107 — 1 — — 270 Wealth and asset management revenue 2 84 — 244 — (75) (a) 255 Card and processing revenue 26 133 — 1 7 — 167 Mortgage banking net revenue — 4 213 2 — — 219 Leasing business revenue 131 (c) — — — — — 131 Other noninterest income (b) (1) 34 6 9 (30) — 18 Securities losses, net — — — — (3) — (3) Securities gains, net – non-qualifying hedges on MSRs — — 3 — — — 3 Total noninterest income $ 580 364 222 258 (28) (75) 1,321 Noninterest expense: Compensation and benefits $ 278 330 104 112 450 — 1,274 Technology and communications 6 1 5 — 171 — 183 Net occupancy expense (e) 15 87 5 6 51 — 164 Equipment expense 14 21 — — 29 — 64 Leasing business expense 68 — — — — — 68 Card and processing expense 4 58 — — (2) — 60 Marketing expense 4 17 2 1 27 — 51 Other noninterest expense 495 426 128 147 (664) (75) 457 Total noninterest expense $ 884 940 244 266 62 (75) 2,321 Income (loss) before income taxes $ 272 327 136 80 (511) — 304 Applicable income tax expense (benefit) 35 69 29 16 (88) — 61 Net income (loss) $ 237 258 107 64 (423) — 243 Total goodwill $ 1,961 2,047 — 253 — — 4,261 Total assets $ 76,437 77,219 26,451 11,680 11,119 (d) — 202,906 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $4 and $10 for branches and land recorded in Branch Banking and General Corporate and Other, respectively. For more information, refer to Note 7 and Note 21. (c) Includes impairment charges of $3 for operating lease equipment. For more information, refer to Note 8 and Note 21. (d) Includes bank premises and equipment of $53 classified as held for sale. For more information, refer to Note 7. (e) Includes impairment losses of and termination charges of $5 for ROU assets related to certain operating leases. For more information, refer to Note 9.

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventOn July 23, 2021, the Bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the Bancorp paid $550 million on July 27, 2021 to repurchase shares of its outstanding common stock. The Bancorp is repurchasing the shares of its common stock as part of its Board-approved 100 million share repurchase program previously announced on June 18, 2019. The Bancorp expects the final settlement of the transaction to occur on or before September 29, 2021.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of the Bancorp and its majority-owned subsidiaries and VIEs in which the Bancorp has been determined to be the primary beneficiary. Other entities, including certain joint ventures in which the Bancorp has the ability to exercise significant influence over operating and financial policies of the investee, but upon which the Bancorp does not possess control, are accounted for by the equity method and not consolidated. The investments in those entities in which the Bancorp does not have the ability to exercise significant influence are generally carried at fair value unless the investment does not have a readily determinable fair value. The Bancorp accounts for equity investments without a readily determinable fair value using the measurement alternative to fair value, representing the cost of the investment minus impairment recorded, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer. Intercompany transactions and balances among consolidated entities have been eliminated. In the opinion of management, the unaudited Condensed Consolidated Financial Statements include all adjustments, which consist of normal recurring accruals, necessary to present fairly the results for the periods presented. In accordance with U.S. GAAP and the rules and regulations of the SEC for interim financial information, these statements do not include certain information and footnote disclosures required for complete annual financial statements and it is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the Bancorp’s Annual Report on Form 10-K. The results of operations, comprehensive income and changes in equity for the three and six months ended June 30, 2021 and 2020 and the cash flows for the six months ended June 30, 2021 and 2020 are not necessarily indicative of the results to be expected for the full year. Financial information as of December 31, 2020 has been derived from the Bancorp’s Annual Report on Form 10-K. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Standards Adopted in 2021 and Reference Rate Reform and LIBOR Transition	Standards Adopted in 2021 The Bancorp adopted the following new accounting standard during the six months ended June 30, 2021: ASU 2019-12 – Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also clarify and amend existing guidance for other areas of Topic 740. The Bancorp adopted the amended guidance on January 1, 2021 on a modified retrospective basis, except for certain provisions of the amended guidance which were required to be adopted prospectively. The adoption of the amended guidance did not have a material impact on the Condensed Consolidated Financial Statements. Reference Rate Reform and LIBOR Transition In March 2020, the FASB issued ASU 2020-04, which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments in the ASU apply only to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. Subsequently, in January 2021, the FASB issued ASU 2021-01, which clarified that the optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting also apply to derivatives that are affected by the discounting transition. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022 for which an entity has elected certain optional expedients and that are retained through the end of the hedging relationship. The amendments in this ASU are effective for the Bancorp as of March 12, 2020 through December 31, 2022. The Bancorp is in the process of evaluating and applying, as applicable, the optional expedients and exceptions in accounting for eligible contract modifications, eligible existing hedging relationships and new hedging relationships available through December 31, 2022.

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2021
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Noncash Investing and Financing Activities	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 six months ended June 30: ($ in millions) 2021 2020 Cash Payments: Interest $ 256 528 Income taxes 336 268 Transfers: Portfolio loans and leases to loans and leases held for sale (a) $ 337 31 Loans and leases held for sale to portfolio loans and leases 20 29 Portfolio loans and leases to OREO 9 6 Loans and leases held for sale to OREO — 2 Bank premises and equipment to OREO 17 — Supplemental Disclosures: Net additions to lease liabilities under operating leases $ 31 27 Net additions to lease liabilities under finance leases 25 76

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	The following tables provide the amortized cost, unrealized gains and losses and fair value for the major categories of the available-for-sale debt and other securities and held-to-maturity securities portfolios as of: June 30, 2021 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 105 2 — 107 Obligations of states and political subdivisions securities 18 — — 18 Mortgage-backed securities: Agency residential mortgage-backed securities 10,256 573 (20) 10,809 Agency commercial mortgage-backed securities 18,142 1,188 (36) 19,294 Non-agency commercial mortgage-backed securities 3,276 203 — 3,479 Asset-backed securities and other debt securities 3,764 48 (27) 3,785 Other securities (a) 520 — — 520 Total available-for-sale debt and other securities $ 36,081 2,014 (83) 38,012 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 9 — — 9 Asset-backed securities and other debt securities 1 — — 1 Total held-to-maturity securities $ 10 — — 10 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $33, $485 and $2, respectively, at June 30, 2021, that are carried at cost. December 31, 2020 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 74 4 — 78 Obligations of states and political subdivisions securities 17 — — 17 Mortgage-backed securities: Agency residential mortgage-backed securities 11,147 768 (8) 11,907 Agency commercial mortgage-backed securities 16,745 1,481 (5) 18,221 Non-agency commercial mortgage-backed securities 3,323 267 — 3,590 Asset-backed securities and other debt securities 3,152 48 (24) 3,176 Other securities (a) 524 — — 524 Total available-for-sale debt and other securities $ 34,982 2,568 (37) 37,513 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 9 — — 9 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 11 — — 11 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $40, $482 and $2, respectively, at December 31, 2020, that are carried at cost. The following table provides the fair value of trading debt securities and equity securities as of: ($ in millions) June 30, December 31, Trading debt securities $ 711 560 Equity securities 341 313
Realized Gains and Losses Recognized in Income from Investment Securities	The following table presents securities gains (losses) recognized in the Condensed Consolidated Statements of Income: For the three months ended June 30, For the six months ended ($ in millions) 2021 2020 2021 2020 Available-for-sale debt and other securities: Realized gains $ 7 — 8 1 Realized losses — — (10) (1) Impairment losses — — (7) — Net (losses) gains on available-for sale debt and other securities $ 7 — (9) — Total trading debt securities (losses) gains $ (7) — — 3 Total equity securities gains (losses) (a) $ 11 21 21 (3) Total gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (b) $ 11 21 12 — (a) Includes net unrealized gains of $10 and $17 for the three and six months ended June 30, 2021, respectively, and net unrealized gains of $21 and net unrealized losses of $2 for the three and six months ended June 30, 2020, respectively. (b) Excludes $1 and $3 of net securities losses for the three and six months ended June 30, 2021, respectively, and $8 and $6 of net securities gains for the three and six months ended June 30, 2020, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These losses and gains are included in commercial banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income.
Contractual Maturity Schedule	The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of June 30, 2021 are shown in the following table: ($ in millions) Available-for-Sale Debt and Other Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value Debt securities: (a) Less than 1 year $ 886 907 4 4 1-5 years 14,074 14,825 4 4 5-10 years 11,482 12,349 — — Over 10 years 9,119 9,411 2 2 Other securities 520 520 — — Total $ 36,081 38,012 10 10 (a) Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.
Fair Value and Gross Unrealized Loss of Securities Available for Sale	The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of: Less than 12 months 12 months or more Total ($ in millions) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized June 30, 2021 Agency residential mortgage-backed securities $ 701 (20) 1 — 702 (20) Agency commercial mortgage-backed securities 1,632 (36) — — 1,632 (36) Non-agency commercial mortgage-backed securities 1 — — — 1 — Asset-backed securities and other debt securities 435 (7) 843 (20) 1,278 (27) Total $ 2,769 (63) 844 (20) 3,613 (83) December 31, 2020 Agency residential mortgage-backed securities $ 426 (8) 1 — 427 (8) Agency commercial mortgage-backed securities 388 (5) — — 388 (5) Non-agency commercial mortgage-backed securities 2 — — — 2 — Asset-backed securities and other debt securities 520 (7) 603 (17) 1,123 (24) Total $ 1,336 (20) 604 (17) 1,940 (37)

Loans and Leases (Tables)

Loans and Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Loans and Leases Classified by Primary Purpose	The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of: ($ in millions) June 30, December 31, Loans and leases held for sale: Commercial and industrial loans $ 11 230 Commercial mortgage loans 33 7 Commercial construction loans 2 — Commercial leases — 39 Residential mortgage loans 5,684 4,465 Total loans and leases held for sale $ 5,730 4,741 Portfolio loans and leases: Commercial and industrial loans (a) $ 47,564 49,665 Commercial mortgage loans 10,347 10,602 Commercial construction loans 5,871 5,815 Commercial leases 3,238 2,915 Total commercial loans and leases $ 67,020 68,997 Residential mortgage loans (b) $ 16,131 15,928 Home equity 4,545 5,183 Indirect secured consumer loans 15,192 13,653 Credit card 1,793 2,007 Other consumer loans 3,052 3,014 Total consumer loans $ 40,713 39,785 Total portfolio loans and leases $ 107,733 108,782 (a) Includes $3.7 billion and $4.8 billion as of June 30, 2021 and December 31, 2020, respectively, related to the SBA’s Paycheck Protection Program. (b) Includes $39 as of December 31, 2020 of residential mortgage loans previously sold to GNMA for which the Bancorp was deemed to have regained effective control over under ASC Topic 860, but did not exercise its option to repurchase. Refer to Note 14 for further information.
Total Loans and Leases Owned by the Bancorp	The following table presents a summary of the total loans and leases owned by the Bancorp as of: Carrying Value 90 Days Past Due ($ in millions) June 30, December 31, June 30, December 31, Commercial and industrial loans $ 47,575 49,895 2 39 Commercial mortgage loans 10,380 10,609 4 8 Commercial construction loans 5,873 5,815 — — Commercial leases 3,238 2,954 — 1 Residential mortgage loans 21,815 20,393 57 70 Home equity 4,545 5,183 1 2 Indirect secured consumer loans 15,192 13,653 4 10 Credit card 1,793 2,007 14 31 Other consumer loans 3,052 3,014 1 2 Total loans and leases $ 113,463 113,523 83 163 Less: Loans and leases held for sale $ 5,730 4,741 Total portfolio loans and leases $ 107,733 108,782 The following table presents a summary of net charge-offs (recoveries): For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Commercial and industrial loans $ 13 65 40 115 Commercial mortgage loans 6 2 8 4 Commercial leases (2) 11 (2) 16 Residential mortgage loans — 1 (1) 2 Home equity (1) 1 (1) 4 Indirect secured consumer loans — 7 9 20 Credit card 20 34 45 71 Other consumer loans 8 9 17 20 Total net charge-offs $ 44 130 115 252
Investment in Lease Financing	The following table presents the components of the net investment in leases as of: ($ in millions) (a) June 30, December 31, 2020 Net investment in direct financing leases: Lease payment receivable (present value) $ 1,161 1,400 Unguaranteed residual assets (present value) 167 181 Net discount on acquired leases — (1) Net investment in sales-type leases: Lease payment receivable (present value) 1,551 976 Unguaranteed residual assets (present value) 48 36 (a) Excludes $311 and $323 of leveraged leases at June 30, 2021 and December 31, 2020, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity	The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2021 through 2026 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows: As of June 30, 2021 ($ in millions) Direct Financing Sales-Type Leases Remainder of 2021 $ 216 278 2022 350 479 2023 224 288 2024 160 216 2025 114 150 2026 69 82 Thereafter 105 165 Total undiscounted cash flows $ 1,238 1,658 Less: Difference between undiscounted cash flows and discounted cash flows 77 107 Present value of lease payments (recognized as lease receivables) $ 1,161 1,551

Credit Quality and the Allowa_2

Credit Quality and the Allowance for Loan and Lease Losses (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Summary of Transactions in the ALLL	Allowance for Loan and Lease Losses The following tables summarize transactions in the ALLL by portfolio segment: For the three months ended June 30, 2021 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,329 247 632 2,208 Losses charged off (a) (45) (1) (57) (103) Recoveries of losses previously charged off (a) 28 1 30 59 Benefit from loan and lease losses (88) (12) (31) (131) Balance, end of period $ 1,224 235 574 2,033 (a) The Bancorp recorded $8 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the three months ended June 30, 2020 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,313 260 775 2,348 Losses charged off (a) (81) (2) (80) (163) Recoveries of losses previously charged off (a) 3 1 29 33 Provision for loan and lease losses (b) 267 68 143 478 Balance, end of period $ 1,502 327 867 2,696 (a) The Bancorp recorded $9 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. (b) Includes $1 in Residential Mortgage related to the initial recognition of an ALLL on PCD loans. For the six months ended June 30, 2021 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,456 294 703 2,453 Losses charged off (a) (81) (2) (128) (211) Recoveries of losses previously charged off (a) 35 3 58 96 Benefit from loan and lease losses (186) (60) (59) (305) Balance, end of period $ 1,224 235 574 2,033 (a) The Bancorp recorded $18 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the six months ended June 30, 2020 ($ in millions) Commercial Residential Mortgage Consumer Unallocated Total Balance, beginning of period $ 710 73 298 121 1,202 Impact of adoption of ASU 2016-13 (a) 160 196 408 (121) 643 Losses charged off (b) (142) (4) (176) — (322) Recoveries of losses previously charged off (b) 7 2 61 — 70 Provision for loan and lease losses 767 60 276 — 1,103 Balance, end of period $ 1,502 327 867 — 2,696 (a) Includes $31, $2 and $1 in Commercial, Residential Mortgage and Consumer, respectively, related to the initial recognition of an ALLL on PCD loans. (b) The Bancorp recorded $22 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment	The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment: As of June 30, 2021 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 101 55 38 194 Collectively evaluated 1,123 180 536 1,839 Total ALLL $ 1,224 235 574 2,033 Portfolio loans and leases: (b) Individually evaluated $ 629 539 295 1,463 Collectively evaluated 66,391 15,441 24,287 106,119 Total portfolio loans and leases $ 67,020 15,980 24,582 107,582 (a) Includes $3 related to commercial leveraged leases at June 30, 2021. (b) Excludes $151 of residential mortgage loans measured at fair value and includes $311 of commercial leveraged leases, net of unearned income at June 30, 2021. As of December 31, 2020 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 114 68 43 225 Collectively evaluated 1,342 226 660 2,228 Total ALLL $ 1,456 294 703 2,453 Portfolio loans and leases: (b) Individually evaluated $ 962 628 273 1,863 Collectively evaluated 67,701 15,073 23,569 106,343 Purchased credit deteriorated (c) 334 66 15 415 Total portfolio loans and leases $ 68,997 15,767 23,857 108,621 (a) Includes $3 related to commercial leveraged leases at December 31, 2020. (b) Excludes $161 of residential mortgage loans measured at fair value and includes $323 of commercial leveraged leases, net of unearned income at December 31, 2020. (c) Includes $39 , as of December 31, 2020, of residential mortgage loans previously sold to GNMA for which the Bancorp was deemed to have regained effective control over under ASC Topic 860, but did not exercise its option to repurchase. Refer to Note 14 for further information.
Loan and Leases Balances by Credit Quality Indicator	The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk grade: As of June 30, 2021 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2021 2020 2019 2018 2017 Prior Total Commercial and industrial loans: Pass $ 3,164 4,183 1,733 743 466 928 32,500 — 43,717 Special mention 17 33 35 26 30 21 1,210 — 1,372 Substandard 26 92 59 119 70 109 2,000 — 2,475 Doubtful — — — — — — — — — Total commercial and industrial loans $ 3,207 4,308 1,827 888 566 1,058 35,710 — 47,564 Commercial mortgage owner-occupied loans: Pass $ 517 927 596 358 246 513 1,140 — 4,297 Special mention 4 30 40 2 — 22 85 — 183 Substandard 38 67 11 25 2 27 107 — 277 Doubtful — — — — — — — — — Total commercial mortgage owner- occupied loans $ 559 1,024 647 385 248 562 1,332 — 4,757 Commercial mortgage nonowner-occupied loans: Pass $ 205 736 627 381 207 459 1,598 — 4,213 Special mention 31 120 57 61 8 — 338 — 615 Substandard 31 195 26 64 3 11 432 — 762 Doubtful — — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 267 1,051 710 506 218 470 2,368 — 5,590 Commercial construction loans: Pass $ 28 73 47 27 — 11 4,715 — 4,901 Special mention — 66 — — — — 442 — 508 Substandard 15 — — — — — 447 — 462 Doubtful — — — — — — — — — Total commercial construction loans $ 43 139 47 27 — 11 5,604 — 5,871 Commercial leases: Pass $ 732 511 350 276 297 989 — — 3,155 Special mention 1 7 7 5 — 4 — — 24 Substandard 10 3 7 12 16 11 — — 59 Doubtful — — — — — — — — — Total commercial leases $ 743 521 364 293 313 1,004 — — 3,238 Total commercial loans and leases: Pass $ 4,646 6,430 3,353 1,785 1,216 2,900 39,953 — 60,283 Special mention 53 256 139 94 38 47 2,075 — 2,702 Substandard 120 357 103 220 91 158 2,986 — 4,035 Doubtful — — — — — — — — — Total commercial loans and leases $ 4,819 7,043 3,595 2,099 1,345 3,105 45,014 — 67,020 As of December 31, 2020 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2020 2019 2018 2017 2016 Prior Total Commercial and industrial loans: Pass $ 7,042 2,144 1,114 700 471 703 31,657 — 43,831 Special mention 66 46 167 46 5 21 2,317 — 2,668 Substandard 119 80 107 60 39 104 2,639 — 3,148 Doubtful — 2 9 — — — 7 — 18 Total commercial and industrial loans $ 7,227 2,272 1,397 806 515 828 36,620 — 49,665 Commercial mortgage owner-occupied loans: Pass $ 1,047 655 416 288 249 420 1,025 — 4,100 Special mention 58 12 16 7 2 17 64 — 176 Substandard 211 17 33 7 13 30 88 — 399 Doubtful — — — — — — — — — Total commercial mortgage owner-occupied loans $ 1,316 684 465 302 264 467 1,177 — 4,675 Commercial mortgage nonowner-occupied loans: Pass $ 902 679 548 247 223 341 1,626 — 4,566 Special mention 252 68 17 8 36 9 416 — 806 Substandard 149 3 49 14 2 25 301 — 543 Doubtful 12 — — — — — — — 12 Total commercial mortgage nonowner-occupied loans $ 1,315 750 614 269 261 375 2,343 — 5,927 Commercial construction loans: Pass $ 98 49 27 — 9 12 4,721 — 4,916 Special mention 67 — — — — — 591 — 658 Substandard 8 — — — — — 233 — 241 Doubtful — — — — — — — — — Total commercial construction loans $ 173 49 27 — 9 12 5,545 — 5,815 Commercial leases: Pass $ 622 374 315 369 314 824 — — 2,818 Special mention 5 16 5 — — — — — 26 Substandard 7 4 16 21 6 17 — — 71 Doubtful — — — — — — — — — Total commercial leases $ 634 394 336 390 320 841 — — 2,915 Total commercial loans and leases: Pass $ 9,711 3,901 2,420 1,604 1,266 2,300 39,029 — 60,231 Special mention 448 142 205 61 43 47 3,388 — 4,334 Substandard 494 104 205 102 60 176 3,261 — 4,402 Doubtful 12 2 9 — — — 7 — 30 Total commercial loans and leases $ 10,665 4,149 2,839 1,767 1,369 2,523 45,685 — 68,997 The following tables present the amortized cost basis of the Bancorp’s residential mortgage and consumer portfolio segments, by class and vintage, disaggregated by both age and performing versus nonperforming status: As of June 30, 2021 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2021 2020 2019 2018 2017 Prior Total Residential mortgage loans: Performing: Current (a) $ 3,080 3,840 1,696 574 1,226 5,439 — — 15,855 30-89 days past due 1 2 1 — 2 13 — — 19 90 days or more past due — 3 4 2 5 43 — — 57 Total performing 3,081 3,845 1,701 576 1,233 5,495 — — 15,931 Nonperforming — — — 1 3 45 — — 49 Total residential mortgage loans (b) $ 3,081 3,845 1,701 577 1,236 5,540 — — 15,980 Home equity: Performing: Current $ 1 9 18 23 3 134 4,243 8 4,439 30-89 days past due — — — — — 3 17 — 20 90 days or more past due — — — — — 1 — — 1 Total performing 1 9 18 23 3 138 4,260 8 4,460 Nonperforming — — — — — 10 74 1 85 Total home equity $ 1 9 18 23 3 148 4,334 9 4,545 Indirect secured consumer loans: Performing: Current $ 4,691 5,268 2,930 1,252 593 337 — — 15,071 30-89 days past due 5 17 20 15 7 4 — — 68 90 days or more past due — 1 1 1 1 — — — 4 Total performing 4,696 5,286 2,951 1,268 601 341 — — 15,143 Nonperforming — 29 6 7 4 3 — — 49 Total indirect secured consumer loans $ 4,696 5,315 2,957 1,275 605 344 — — 15,192 Credit card: Performing: Current $ — — — — — — 1,737 — 1,737 30-89 days past due — — — — — — 15 — 15 90 days or more past due — — — — — — 14 — 14 Total performing — — — — — — 1,766 — 1,766 Nonperforming — — — — — — 27 — 27 Total credit card $ — — — — — — 1,793 — 1,793 Other consumer loans: Performing: Current $ 451 702 382 371 138 57 936 1 3,038 30-89 days past due 1 2 3 2 1 — 2 — 11 90 days or more past due — — 1 — — — — — 1 Total performing 452 704 386 373 139 57 938 1 3,050 Nonperforming — 1 — — — — 1 — 2 Total other consumer loans $ 452 705 386 373 139 57 939 1 3,052 Total residential mortgage and consumer loans: Performing: Current $ 8,223 9,819 5,026 2,220 1,960 5,967 6,916 9 40,140 30-89 days past due 7 21 24 17 10 20 34 — 133 90 days or more past due — 4 6 3 6 44 14 — 77 Total performing 8,230 9,844 5,056 2,240 1,976 6,031 6,964 9 40,350 Nonperforming — 30 6 8 7 58 102 1 212 Total residential mortgage and consumer loans (b) $ 8,230 9,874 5,062 2,248 1,983 6,089 7,066 10 40,562 (a) Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of June 30, 2021, $65 of these loans were 30-89 days past due and $163 were 90 days or more past due. The Bancorp recognized an immaterial amount and $1 of losses during the three and six months ended June 30, 2021, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $151 of residential mortgage loans measured at fair value at June 30, 2021. As of December 31, 2020 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2020 2019 2018 2017 2016 Prior Total Residential mortgage loans: Performing: Current (a) $ 4,006 2,128 827 1,635 2,301 4,719 — — 15,616 30-89 days past due 1 1 3 3 1 12 — — 21 90 days or more past due — 6 2 7 7 48 — — 70 Total performing 4,007 2,135 832 1,645 2,309 4,779 — — 15,707 Nonperforming 1 — 2 2 3 52 — — 60 Total residential mortgage loans (b) $ 4,008 2,135 834 1,647 2,312 4,831 — — 15,767 Home equity: Performing: Current $ 11 24 30 4 2 153 4,825 10 5,059 30-89 days past due — — — — — 3 33 — 36 90 days or more past due — — — — — 2 — — 2 Total performing 11 24 30 4 2 158 4,858 10 5,097 Nonperforming — — — — — 10 75 1 86 Total home equity $ 11 24 30 4 2 168 4,933 11 5,183 Indirect secured consumer loans: Performing: Current $ 6,626 3,752 1,678 860 372 214 — — 13,502 30-89 days past due 25 41 31 17 7 4 — — 125 90 days or more past due 1 2 3 2 1 1 — — 10 Total performing 6,652 3,795 1,712 879 380 219 — — 13,637 Nonperforming 1 5 4 3 2 1 — — 16 Total indirect secured consumer loans $ 6,653 3,800 1,716 882 382 220 — — 13,653 Credit card: Performing: Current $ — — — — — — 1,914 — 1,914 30-89 days past due — — — — — — 30 — 30 90 days or more past due — — — — — — 31 — 31 Total performing — — — — — — 1,975 — 1,975 Nonperforming — — — — — — 32 — 32 Total credit card $ — — — — — — 2,007 — 2,007 Other consumer loans: Performing: Current $ 883 546 437 178 32 40 878 1 2,995 30-89 days past due 2 5 4 2 — — 2 — 15 90 days or more past due — 2 — — — — — — 2 Total performing 885 553 441 180 32 40 880 1 3,012 Nonperforming — — — — — 1 1 — 2 Total other consumer loans $ 885 553 441 180 32 41 881 1 3,014 Total residential mortgage and consumer loans: Performing: Current $ 11,526 6,450 2,972 2,677 2,707 5,126 7,617 11 39,086 30-89 days past due 28 47 38 22 8 19 65 — 227 90 days or more past due 1 10 5 9 8 51 31 — 115 Total performing 11,555 6,507 3,015 2,708 2,723 5,196 7,713 11 39,428 Nonperforming 2 5 6 5 5 64 108 1 196 Total residential mortgage and consumer loans (b) $ 11,557 6,512 3,021 2,713 2,728 5,260 7,821 12 39,624 (a) Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of December 31, 2020, $103 of these loans were 30-89 days past due and $242 were 90 days or more past due. The Bancorp recognized $1 and $2 of losses during the three and six months ended June 30, 2020, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $161 of residential mortgage loans measured at fair value at December 31, 2020.
Summary by Age and Class of the Recorded Investment in Delinquencies Included in the Bancorp's Portfolio of Loans and Leases	The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class: Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of June 30, 2021 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans $ 47,398 111 55 166 47,564 2 Commercial mortgage owner-occupied loans 4,706 35 16 51 4,757 4 Commercial mortgage nonowner-occupied loans 5,587 1 2 3 5,590 — Commercial construction loans 5,871 — — — 5,871 — Commercial leases 3,224 13 1 14 3,238 — Total portfolio commercial loans and leases $ 66,786 160 74 234 67,020 6 (a) Includes accrual and nonaccrual loans and leases. Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of December 31, 2020 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans $ 49,421 119 125 244 49,665 39 Commercial mortgage owner-occupied loans 4,645 7 23 30 4,675 7 Commercial mortgage nonowner-occupied loans 5,860 31 36 67 5,927 1 Commercial construction loans 5,808 7 — 7 5,815 — Commercial leases 2,906 7 2 9 2,915 1 Total portfolio commercial loans and leases $ 68,640 171 186 357 68,997 48 (a) Includes accrual and nonaccrual loans and leases.
Summary of the Amortized Cost Basis of the Bancorp's Collateral Dependent Loans	The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of: ($ in millions) June 30, December 31, Commercial loans and leases: Commercial and industrial loans $ 539 810 Commercial mortgage owner-occupied loans 35 101 Commercial mortgage nonowner-occupied loans 29 82 Commercial construction loans 18 19 Commercial leases 8 6 Total commercial loans and leases $ 629 1,018 Residential mortgage loans 67 80 Consumer loans: Home equity 65 71 Indirect secured consumer loans 9 9 Total consumer loans $ 74 80 Total portfolio loans and leases $ 770 1,178
Summary of the Bancorp's Nonperforming Loans and Leases by Class	The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of: June 30, 2021 December 31, 2020 ($ in millions) With an ALLL No Related Total With an ALLL No Related Total Commercial loans and leases: Commercial and industrial loans $ 181 167 348 213 260 473 Commercial mortgage owner-occupied loans 11 17 28 20 60 80 Commercial mortgage nonowner-occupied loans 23 1 24 34 43 77 Commercial construction loans — — — 1 — 1 Commercial leases 6 3 9 6 1 7 Total nonaccrual portfolio commercial loans and leases $ 221 188 409 274 364 638 Residential mortgage loans 3 46 49 11 49 60 Consumer loans: Home equity 56 29 85 55 31 86 Indirect secured consumer loans 42 7 49 8 8 16 Credit card 27 — 27 32 — 32 Other consumer loans 2 — 2 2 — 2 Total nonaccrual portfolio consumer loans $ 127 36 163 97 39 136 Total nonaccrual portfolio loans and leases (a)(b) $ 351 270 621 382 452 834 OREO and other repossessed property — 36 36 — 30 30 Total nonperforming portfolio assets (a)(b) $ 351 306 657 382 482 864 (a) Excludes $13 and $5 of nonaccrual loans held for sale as of June 30, 2021 and December 31, 2020, respectively, and $27 and $1 of nonaccrual restructured loans held for sale as of June 30, 2021 and December 31, 2020, respectively. (b) Includes $26 and $29 of nonaccrual government insured commercial loans whose repayments are insured by the SBA as of June 30, 2021 and December 31, 2020, respectively, of which $13 and $17 are restructured nonaccrual government insured commercial loans as of June 30, 2021 and December 31, 2020, respectively. The following table presents the interest income recognized on the Bancorp’s nonaccrual loans and leases, by class: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Commercial loans and leases: Commercial and industrial loans $ 4 3 9 4 Commercial mortgage owner-occupied loans 2 — 7 — Commercial mortgage nonowner-occupied loans 2 — 2 — Commercial leases — — — 1 Total nonaccrual portfolio commercial loans and leases $ 8 3 18 5 Residential mortgage loans 6 7 13 15 Consumer loans: Home equity 2 2 4 5 Indirect secured consumer loans — — 1 — Credit card 1 1 2 2 Total nonaccrual portfolio consumer loans $ 3 3 7 7 Total nonaccrual portfolio loans and leases $ 17 13 38 27
Summary of Loans Modified in a TDR	The following tables provide a summary of portfolio loans, by class, modified in a TDR by the Bancorp during the three months ended: June 30, 2021 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 7 $ 25 — — Residential mortgage loans 124 23 1 — Consumer loans: Home equity 39 2 — — Indirect secured consumer loans 450 8 — — Credit card 1,373 8 1 — Total portfolio loans 1,993 $ 66 2 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. June 30, 2020 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase to ALLL Upon Modification Charge-offs Commercial loans: Commercial and industrial loans 33 $ 107 14 — Commercial mortgage owner-occupied loans 17 12 — — Commercial mortgage nonowner-occupied loans 9 14 — — Commercial construction 2 21 1 — Residential mortgage loans 109 13 1 — Consumer loans: Home equity 21 2 — — Indirect secured consumer loans 20 — — — Credit card 973 5 2 — Total portfolio loans 1,184 $ 174 18 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. The following tables provide a summary of portfolio loans, by class, modified in a TDR by the Bancorp during the six months ended: June 30, 2021 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 26 $ 31 1 — Commercial mortgage owner-occupied loans 1 4 — — Commercial mortgage nonowner-occupied loans 3 25 — — Residential mortgage loans 302 59 2 — Consumer loans: Home equity 97 5 (1) — Indirect secured consumer loans 2,193 51 1 — Credit card 3,168 18 4 — Total portfolio loans 5,790 $ 193 7 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. June 30, 2020 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Recorded Investment Increase Charge-offs Commercial loans: Commercial and industrial loans 63 $ 176 24 — Commercial mortgage owner-occupied loans 28 19 — — Commercial mortgage nonowner-occupied loans 12 22 — — Commercial construction 3 21 1 — Residential mortgage loans 293 37 1 — Consumer loans: Home equity 42 4 (1) — Indirect secured consumer loans 42 — — — Credit card 2,857 15 6 — Total portfolio loans 3,340 $ 294 31 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR.
Summary of Subsequent Defaults	The following tables provide a summary of TDRs that subsequently defaulted during the three months ended June 30, 2021 and 2020 and were within 12 months of the restructuring date: June 30, 2021 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 1 $ — Residential mortgage loans 16 2 Consumer loans: Home equity 5 — Indirect secured consumer loans 32 — Credit card 11 — Total portfolio loans 65 $ 2 (a) Excludes all loans held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. June 30, 2020 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 6 $ 4 Commercial mortgage owner-occupied loans 5 1 Commercial mortgage nonowner-occupied loans 1 4 Residential mortgage loans 25 4 Consumer loans: Home equity 2 — Indirect secured consumer loans 3 — Credit card 16 — Total portfolio loans 58 $ 13 (a) Excludes all loans held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. The following tables provide a summary of TDRs that subsequently defaulted during the six months ended June 30, 2021 and 2020 and were within 12 months of the restructuring date: June 30, 2021 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 1 $ — Commercial mortgage nonowner-occupied loans 1 25 Residential mortgage loans 51 7 Consumer loans: Home equity 17 1 Indirect secured consumer loans 58 1 Credit card 34 — Total portfolio loans 162 $ 34 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. June 30, 2020 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 6 $ 4 Commercial mortgage owner-occupied loans 7 2 Commercial mortgage nonowner-occupied loans 2 9 Residential mortgage loans 72 10 Consumer loans: Home equity 3 — Indirect secured consumer loans 6 — Credit card 217 1 Total portfolio loans 313 $ 26 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool.

Bank Premises and Equipment (Ta

Bank Premises and Equipment (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Summary of Bank Premises and Equipment	The following table provides a summary of bank premises and equipment as of: ($ in millions) June 30, December 31, Equipment $ 2,348 2,302 Buildings (a) 1,625 1,612 Land and improvements (a) 641 636 Leasehold improvements 472 467 Construction in progress (a) 103 108 Bank premises and equipment held for sale: Land and improvements 18 27 Buildings 7 8 Accumulated depreciation and amortization (3,141) (3,072) Total bank premises and equipment $ 2,073 2,088 (a) Buildings, land and improvements and construction in progress included $50 and $46 associated with parcels of undeveloped land intended for future branch expansion at June 30, 2021 and December 31, 2020, respectively.

Operating Lease Equipment (Tabl

Operating Lease Equipment (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Future Lease Payments Receivable from Operating Leases	The following table presents future lease payments receivable from operating leases for the remainder of 2021 through 2026 and thereafter: As of June 30, 2021 ($ in millions) Undiscounted Remainder of 2021 $ 73 2022 129 2023 102 2024 65 2025 42 2026 26 Thereafter 39 Total operating lease payments $ 476

Lease Obligations - Lessee (Tab

Lease Obligations - Lessee (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Lease Assets and Lease Liabilities	The following table provides a summary of lease assets and lease liabilities as of: ($ in millions) Condensed Consolidated Balance Sheets Caption June 30, December 31, Assets Operating lease right-of-use assets Other assets $ 425 423 Finance lease right-of-use assets Bank premises and equipment 144 129 Total right-of-use assets (a) $ 569 552 Liabilities Operating lease liabilities Accrued taxes, interest and expenses $ 523 527 Finance lease liabilities Long-term debt 146 130 Total lease liabilities $ 669 657 (a) Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $169 and $38, respectively, as of June 30, 2021, and $152 and $29, respectively, as of December 31, 2020.
Components of Lease Costs, Weighted-Average Lease Term and Discount Rate	The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the six months ended 2021 2020 2021 2020 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 4 2 9 3 Interest on lease liabilities Interest on long-term debt 1 — 2 1 Total finance lease costs $ 5 2 11 4 Operating lease cost Net occupancy expense $ 19 22 39 46 Short-term lease cost Net occupancy expense — — 1 1 Variable lease cost Net occupancy expense 8 7 16 14 Sublease income Net occupancy expense — — (1) (1) Total operating lease costs $ 27 29 55 60 Total lease costs $ 32 31 66 64 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: June 30, December 31, Weighted-average remaining lease term (years): Operating leases 9.09 9.06 Finance leases 14.42 12.93 Weighted-average discount rate: Operating leases 2.95 % 3.05 Finance leases 2.58 2.39 The following table presents information related to lease transactions for the six months ended June 30: ($ in millions) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 44 47 Operating cash flows from finance leases 2 1 Financing cash flows from finance leases 9 2 Gains on sale-leaseback transactions 2 — (a) The cash flows related to the short-term and variable lease payments are not included in the amounts in the table as they were not included in the measurement of lease liabilities.
Undiscounted Cash Flows for Operating Leases	The following table presents undiscounted cash flows payable for both operating leases and finance leases for the remainder of 2021 through 2026 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities as follows: As of June 30, 2021 ($ in millions) Operating Leases Finance Leases Total Remainder of 2021 $ 44 9 53 2022 83 20 103 2023 76 18 94 2024 68 18 86 2025 60 12 72 2026 51 6 57 Thereafter 220 100 320 Total undiscounted cash flows $ 602 183 785 Less: Difference between undiscounted cash flows and discounted cash flows 79 37 116 Present value of lease liabilities $ 523 146 669
Undiscounted Cash Flows for Finance Leases	The following table presents undiscounted cash flows payable for both operating leases and finance leases for the remainder of 2021 through 2026 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities as follows: As of June 30, 2021 ($ in millions) Operating Leases Finance Leases Total Remainder of 2021 $ 44 9 53 2022 83 20 103 2023 76 18 94 2024 68 18 86 2025 60 12 72 2026 51 6 57 Thereafter 220 100 320 Total undiscounted cash flows $ 602 183 785 Less: Difference between undiscounted cash flows and discounted cash flows 79 37 116 Present value of lease liabilities $ 523 146 669

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	The details of the Bancorp’s intangible assets are shown in the following table: ($ in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount As of June 30, 2021 Core deposit intangibles $ 229 (135) 94 Customer relationships 24 (6) 18 Operating leases 14 (11) 3 Other 3 (1) 2 Total intangible assets $ 270 (153) 117 As of December 31, 2020 Core deposit intangibles $ 229 (116) 113 Customer relationships 24 (5) 19 Operating leases 17 (12) 5 Other 3 (1) 2 Total intangible assets $ 273 (134) 139
Estimated Amortization Expense	Estimated amortization expense for the remainder of 2021 through 2025 is as follows: ($ in millions) Total Remainder of 2021 $ 20 2022 33 2023 24 2024 16 2025 9

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation of VIEs	The Bancorp has consolidated VIEs related to certain automobile loan securitizations where it has determined that it is the primary beneficiary. The following table provides a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets for consolidated VIEs as of: ($ in millions) June 30, December 31, Assets: Other short-term investments $ 33 55 Indirect secured consumer loans 455 756 ALLL (3) (7) Other assets 3 5 Total assets $ 488 809 Liabilities: Other liabilities $ 1 2 Long-term debt 400 656 Total liabilities $ 401 658
Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses	The following tables provide a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets related to non-consolidated VIEs for which the Bancorp holds an interest, but is not the primary beneficiary of the VIE, as well as the Bancorp’s maximum exposure to losses associated with its interests in the entities as of: June 30, 2021 ($ in millions) Total Total Maximum CDC investments $ 1,668 519 1,668 Private equity investments 117 — 208 Loans provided to VIEs 2,872 — 4,268 Lease pool entities 75 — 75 December 31, 2020 ($ in millions) Total Total Maximum CDC investments $ 1,546 478 1,546 Private equity investments 117 — 200 Loans provided to VIEs 2,420 — 3,649 Lease pool entities 73 — 73
Investments in Qualified Affordable Housing Tax Credits	The following table summarizes the impact to the Condensed Consolidated Statements of Income related to these investments: Condensed Consolidated Statements of Income Caption (a) For the three months ended June 30, For the six months ended June 30, ($ in millions) 2021 2020 2021 2020 Proportional amortization Applicable income tax expense $ 43 27 87 32 Tax credits and other benefits Applicable income tax expense (50) (32) (101) (37) (a) The Bancorp did not recognize impairment losses resulting from the forfeiture or ineligibility of tax credits or other circumstances during both the three and six months ended June 30, 2021 and 2020.

Sales of Receivables and Serv_2

Sales of Receivables and Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2021
Transfers and Servicing [Abstract]
Activity Related to Mortgage Banking Net Revenue	Information related to residential mortgage loan sales and the Bancorp’s mortgage banking activity, which is included in mortgage banking net revenue in the Condensed Consolidated Statements of Income, is as follows: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Residential mortgage loan sales (a) $ 4,416 3,063 7,626 6,018 Origination fees and gains on loan sales 81 95 170 176 Gross mortgage servicing fees 59 63 117 130 (a) Represents the unpaid principal balance at the time of the sale.
Changes in Servicing Assets	The following table presents changes in the servicing rights related to residential mortgage loans for the six months ended June 30: ($ in millions) 2021 2020 Balance, beginning of period $ 656 993 Servicing rights originated 103 101 Servicing rights purchased 109 30 Changes in fair value: Due to changes in inputs or assumptions (a) 103 (343) Other changes in fair value (b) (153) (105) Balance, end of period $ 818 676 (a) Primarily reflects changes in prepayment speed and OAS assumptions which are updated based on market interest rates. (b) Primarily reflects changes due to realized cash flows and the passage of time.
Activity Related to the MSR Portfolio	The following table presents activity related to valuations of the MSR portfolio and the impact of the non-qualifying hedging strategy: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Securities (losses) gains, net – non-qualifying hedges on mortgage servicing rights $ 1 — (1) 3 Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio (a) 46 11 (88) 361 MSR fair value adjustment due to changes in inputs or assumptions (a) (49) (12) 103 (343) (a) Included in mortgage banking net revenue in the Condensed Consolidated Statements of Income.
Servicing Assets and Residual Interests Economic Assumptions	The key economic assumptions used in measuring the servicing rights related to residential mortgage loans that continued to be held by the Bancorp at the date of sale, securitization or purchase resulting from transactions completed during the three months ended June 30, 2021 and 2020 were as follows: June 30, 2021 June 30, 2020 Weighted- Prepayment OAS Weighted- Prepayment OAS Fixed-rate 5.9 12.3 % 610 5.8 12.4 % 777 Adjustable-rate — — — 3.0 27.1 725
Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions	At June 30, 2021, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows: Prepayment OAS Fair Value ($ in millions) (a) Weighted- Impact of Adverse Change OAS Impact of Adverse Change on Fair Value Rate 10% 20% 50% 10% 20% Fixed-rate $ 812 5.0 14.5 % $ (29) (55) (125) 542 $ (16) (32) Adjustable-rate 6 3.7 21.6 — (1) (2) 978 — — (a) The impact of the weighted-average default rate on the current fair value of residual cash flows for all scenarios is immaterial.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of: Fair Value June 30, 2021 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 1,455 429 — Total fair value hedges 429 — Cash flow hedges: Interest rate floors related to C&I loans 3,000 183 — Interest rate swaps related to C&I loans 8,000 — 1 Total cash flow hedges 183 1 Total derivatives designated as qualifying hedging instruments 612 1 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives - risk management and other business purposes: Interest rate contracts related to MSR portfolio 6,310 146 — Forward contracts related to residential mortgage loans held for sale (b) 3,395 1 8 Swap associated with the sale of Visa, Inc. Class B Shares 3,836 — 213 Foreign exchange contracts 208 5 — Interest rate contracts for collateral management 12,000 5 5 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 157 226 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 80,338 879 225 Interest rate lock commitments 1,865 39 — Commodity contracts 10,369 1,240 1,209 TBA securities 92 — — Foreign exchange contracts 19,778 281 246 Total free-standing derivatives – customer accommodation 2,439 1,680 Total derivatives not designated as qualifying hedging instruments 2,596 1,906 Total $ 3,208 1,907 (a) Derivative assets and liabilities are presented net of variation margin of $52 and $734, respectively. (b) Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments. Fair Value December 31, 2020 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 1,955 528 — Total fair value hedges 528 — Cash flow hedges: Interest rate floors related to C&I loans 3,000 244 — Interest rate swaps related to C&I loans 8,000 16 2 Total cash flow hedges 260 2 Total derivatives designated as qualifying hedging instruments 788 2 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives – risk management and other business purposes: Interest rate contracts related to MSR portfolio 6,910 202 1 Forward contracts related to residential mortgage loans held for sale 2,903 1 16 Swap associated with the sale of Visa, Inc. Class B Shares 3,588 — 201 Foreign exchange contracts 204 — 3 Interest rate contracts for collateral management 12,000 3 1 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 206 222 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 77,806 1,238 265 Interest rate lock commitments 1,830 57 — Commodity contracts 7,762 375 359 Foreign exchange contracts 14,587 255 224 Total free-standing derivatives – customer accommodation 1,925 848 Total derivatives not designated as qualifying hedging instruments 2,131 1,070 Total $ 2,919 1,072 (a) Derivative assets and liabilities are presented net of variation margin of $47 and $1,063, respectively.
Net Gains (Losses) Recognized in the Income Statement Related to Derivatives in Fair Value Hedging Relationships	The following table reflects the change in fair value of interest rate contracts, designated as fair value hedges, as well as the change in fair value of the related hedged items attributable to the risk being hedged, included in the Condensed Consolidated Statements of Income: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Change in fair value of interest rate swaps hedging long- term debt Interest on long-term debt $ 46 (1) (99) 226 Change in fair value of hedged long-term debt attributable to the risk being hedged Interest on long-term debt (46) 2 99 (225) The following amounts were recorded in the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of: ($ in millions) Condensed Consolidated June 30, December 31, Carrying amount of the hedged items Long-term debt $ 1,879 2,478 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Long-term debt 435 534
Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges	The following table presents the pre-tax net (losses) gains recorded in the Condensed Consolidated Statements of Income and in the Condensed Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Amount of pre-tax net (losses) gains recognized in OCI $ 11 83 (70) 624 Amount of pre-tax net gains reclassified from OCI into net income 73 62 146 94
Schedule of Price Risk Derivatives	The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Interest rate contracts: Forward contracts related to residential mortgage loans held for sale Mortgage banking net revenue $ (58) 47 9 (11) Interest rate contracts related to MSR portfolio Mortgage banking net revenue 46 11 (88) 361 Foreign exchange contracts: Foreign exchange contracts for risk management purposes Other noninterest income (3) (6) (5) 8 Equity contracts: Swap associated with sale of Visa, Inc. Class B Shares Other noninterest income (37) (29) (50) (51)
Risk Ratings of the Notional Amount of Risk Participation Agreements	Risk ratings of the notional amount of risk participation agreements under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 3,385 3,231 Special mention 14 113 Substandard 49 52 Total $ 3,448 3,396
Net Gains (Losses) Recognized in the Income Statement Related to Free-Standing Derivative Instruments Used For Customer Accommodation	The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Interest rate contracts: Interest rate contracts for customers (contract revenue) Commercial banking revenue $ 12 12 19 26 Interest rate contracts for customers (credit portion of fair value adjustment) Other noninterest expense 1 (1) 16 (34) Interest rate lock commitments Mortgage banking net revenue 57 82 89 182 Commodity contracts: Commodity contracts for customers (contract revenue) Commercial banking revenue 6 4 11 7 Commodity contracts for customers (credit portion of fair value adjustment) Other noninterest expense (1) — — (1) Commodity contracts for customers (credit losses) Other noninterest expense — (1) — (1) Foreign exchange contracts: Foreign exchange contracts for customers (contract revenue) Commercial banking revenue 16 14 30 26 Foreign exchange contracts for customers (contract revenue) Other noninterest income (2) (3) (1) 3 Foreign exchange contracts for customers (credit portion of fair value adjustment) Other noninterest expense — 1 — (1)
Offsetting Derivative Financial Instruments	The following tables provide a summary of offsetting derivative financial instruments: Gross Amount Recognized in the Condensed Consolidated Balance Sheets (a) Gross Amounts Not Offset in the Derivatives Collateral (b) Net Amount As of June 30, 2021 Derivative assets $ 3,169 (742) (632) 1,795 Derivative liabilities 1,907 (742) (811) 354 As of December 31, 2020 Derivative assets $ 2,862 (621) (755) 1,486 Derivative liabilities 1,072 (621) (221) 230 (a) Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements. (b) Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Condensed Consolidated Balance Sheets were excluded from this table.

Other Short-Term Borrowings (Ta

Other Short-Term Borrowings (Tables)	6 Months Ended
	Jun. 30, 2021
Short-term Debt [Abstract]
Summary of Other Short-Term Borrowings	The following table presents a summary of the Bancorp’s other short-term borrowings as of: ($ in millions) June 30, December 31, Securities sold under repurchase agreements $ 533 679 Derivative collateral 596 474 Other secured borrowings 1 39 Total other short-term borrowings $ 1,130 1,192

Capital Actions (Tables)

Capital Actions (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Summary of the Bancorp's Accelerated Share Repurchase Transactions	The following table presents a summary of the Bancorp’s accelerated share repurchase transactions that were entered into and settled during the six months ended June 30, 2021: Repurchase Date Amount Shares Repurchased on Repurchase Date Shares Received from Forward Contract Settlement Total Shares Repurchased Final Settlement Date January 26, 2021 $ 180 4,951,456 366,939 5,318,395 March 31, 2021 April 23, 2021 347 7,894,807 675,295 8,570,102 June 11, 2021

Commitments, Contingent Liabi_2

Commitments, Contingent Liabilities and Guarantees (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary of Significant Commitments	The following table reflects a summary of significant commitments as of: ($ in millions) June 30, December 31, Commitments to extend credit $ 77,081 74,499 Forward contracts related to residential mortgage loans held for sale 3,395 2,903 Letters of credit 1,858 1,982 Purchase obligations 161 195 Capital expenditures 93 75 Capital commitments for private equity investments 91 83
Credit Risk Associated with Commitments	Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 74,230 71,386 Special mention 1,468 2,049 Substandard 1,383 1,063 Doubtful — 1 Total commitments to extend credit $ 77,081 74,499
Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party	Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and expire as summarized in the following table as of June 30, 2021: ($ in millions) Less than 1 year (a) $ 999 1 - 5 years (a) 856 Over 5 years 3 Total letters of credit $ 1,858 (a) Includes $14 and $3 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire less than 1 year and between 1 -5 years, respectively.
Credit Risk Associated with Letters of Credit	Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 1,632 1,739 Special mention 66 111 Substandard 160 132 Total letters of credit $ 1,858 1,982
Visa Funding and Bancorp Cash Payments	After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows: Period ($ in millions) Visa Bancorp Cash Q2 2010 $ 500 20 Q4 2010 800 35 Q2 2011 400 19 Q1 2012 1,565 75 Q3 2012 150 6 Q3 2014 450 18 Q2 2018 600 26 Q3 2019 300 12

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Activity of the Components of Other Comprehensive Income and Accumulated Other Comprehensive Income	The tables below present the activity of the components of OCI and AOCI for the three months ended: Total OCI Total AOCI June 30, 2021 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding gains on available-for-sale debt securities arising during period $ 306 (71) 235 Reclassification adjustment for net gains on available-for-sale debt securities included in net income (7) 2 (5) Net unrealized gains on available-for-sale debt securities 299 (69) 230 1,242 230 1,472 Unrealized holding gains on cash flow hedge derivatives arising during period 11 (2) 9 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (73) 15 (58) Net unrealized gains on cash flow hedge derivatives (62) 13 (49) 597 (49) 548 Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 3 (1) 2 Defined benefit pension plans, net 2 (1) 1 (43) 1 (42) Other — — — (4) — (4) Total $ 239 (57) 182 1,792 182 1,974 Total OCI Total AOCI June 30, 2020 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding gains on available-for-sale debt securities arising during period $ 602 (146) 456 Net unrealized gains on available-for-sale debt securities 602 (146) 456 1,694 456 2,150 Unrealized holding gains on cash flow hedge derivatives arising during period 83 (17) 66 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (62) 13 (49) Net unrealized gains on cash flow hedge derivatives 21 (4) 17 824 17 841 Reclassification of amounts to net periodic benefit costs 1 — 1 Defined benefit pension plans, net 1 — 1 (41) 1 (40) Total $ 624 (150) 474 2,477 474 2,951 The tables below present the activity of the components of OCI and AOCI for the six months ended: Total OCI Total AOCI June 30, 2021 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding losses on available-for-sale debt securities arising during period $ (609) 143 (466) Reclassification adjustment for net losses on available-for-sale debt securities included in net income 9 (2) 7 Net unrealized gains on available-for-sale debt securities (600) 141 (459) 1,931 (459) 1,472 Unrealized holding losses on cash flow hedge derivatives arising during period (70) 15 (55) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (146) 31 (115) Net unrealized gains on cash flow hedge derivatives (216) 46 (170) 718 (170) 548 Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 4 (1) 3 Defined benefit pension plans, net 3 (1) 2 (44) 2 (42) Other — — — (4) — (4) Total $ (813) 186 (627) 2,601 (627) 1,974 Total OCI Total AOCI June 30, 2020 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding gains on available-for-sale debt securities arising during period $ 1,757 (419) 1,338 Net unrealized gains on available-for-sale debt securities 1,757 (419) 1,338 812 1,338 2,150 Unrealized holding gains on cash flow hedge derivatives arising during period 624 (131) 493 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (94) 20 (74) Net unrealized gains on cash flow hedge derivatives 530 (111) 419 422 419 841 Reclassification of amounts to net periodic benefit costs 3 (1) 2 Defined benefit pension plans, net 3 (1) 2 (42) 2 (40) Total $ 2,290 (531) 1,759 1,192 1,759 2,951
Reclassification Out of Accumulated Other Comprehensive Income to Net Income	The table below presents reclassifications out of AOCI: Condensed Consolidated Statements of For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Net unrealized gains on available-for-sale debt securities: (b) Net losses included in net income Securities gains (losses), net $ 7 — (9) — Income before income taxes 7 — (9) — Applicable income tax expense (2) — 2 — Net income 5 — (7) — Net unrealized gains on cash flow hedge derivatives: (b) Interest rate contracts related to C&I loans Interest and fees on loans and leases 73 62 146 94 Income before income taxes 73 62 146 94 Applicable income tax expense (15) (13) (31) (20) Net income 58 49 115 74 Net periodic benefit costs: (b) Amortization of net actuarial loss Compensation and benefits (a) (2) (1) (3) (3) Settlements Compensation and benefits (a) (1) — (1) — Income before income taxes (3) (1) (4) (3) Applicable income tax expense 1 — 1 1 Net income (2) (1) (3) (2) Total reclassifications for the period Net income $ 61 48 105 72 (a) This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 23 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2020 for further information. (b) Amounts in parentheses indicate reductions to net income.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	The following tables provide the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share: 2021 2020 For the three months ended June 30, (in millions, except per share data) Income Average Per Share Income Average Per Share Earnings Per Share: Net income available to common shareholders $ 674 $ 163 Less: Income allocated to participating securities 1 1 Net income allocated to common shareholders $ 673 709 $ 0.95 $ 162 715 $ 0.23 Earnings Per Diluted Share: Net income available to common shareholders $ 674 $ 163 Effect of dilutive securities: Stock-based awards — 9 — 3 Net income available to common shareholders plus assumed conversions $ 674 $ 163 Less: Income allocated to participating securities 1 1 Net income allocated to common shareholders plus assumed conversions $ 673 718 $ 0.94 $ 162 718 $ 0.23 2021 2020 For the six months ended June 30, (in millions, except per share data) Income Average Shares Per Share Amount Income Average Shares Per Share Amount Earnings Per Share: Net income available to common shareholders $ 1,348 $ 193 Less: Income allocated to participating securities 4 2 Net income allocated to common shareholders $ 1,344 712 $ 1.89 $ 191 714 $ 0.27 Earnings Per Diluted Share: Net income available to common shareholders $ 1,348 $ 193 Effect of dilutive securities: Stock-based awards — 9 — 5 Net income available to common shareholders plus assumed conversions $ 1,348 $ 193 Less: Income allocated to participating securities 4 2 Net income allocated to common shareholders plus assumed conversions $ 1,344 721 $ 1.87 $ 191 719 $ 0.27

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables summarize assets and liabilities measured at fair value on a recurring basis as of: Fair Value Measurements Using June 30, 2021 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 107 — — 107 Obligations of states and political subdivisions securities — 18 — 18 Mortgage-backed securities: Agency residential mortgage-backed securities — 10,809 — 10,809 Agency commercial mortgage-backed securities — 19,294 — 19,294 Non-agency commercial mortgage-backed securities — 3,479 — 3,479 Asset-backed securities and other debt securities — 3,785 — 3,785 Available-for-sale debt and other securities (a) 107 37,385 — 37,492 Trading debt securities: U.S. Treasury and federal agencies securities 96 — — 96 Obligations of states and political subdivisions securities — 63 — 63 Agency residential mortgage-backed securities — 69 — 69 Asset-backed securities and other debt securities — 483 — 483 Trading debt securities 96 615 — 711 Equity securities 329 12 — 341 Residential mortgage loans held for sale — 1,633 — 1,633 Residential mortgage loans (b) — — 151 151 Servicing rights — — 818 818 Derivative assets: Interest rate contracts 1 1,642 39 1,682 Foreign exchange contracts — 286 — 286 Commodity contracts 27 1,213 — 1,240 Derivative assets (c) 28 3,141 39 3,208 Total assets $ 560 42,786 1,008 44,354 Liabilities: Derivative liabilities: Interest rate contracts $ 8 223 8 239 Foreign exchange contracts — 246 — 246 Equity contracts — — 213 213 Commodity contracts 397 812 — 1,209 Derivative liabilities (d) 405 1,281 221 1,907 Short positions: U.S. Treasury and federal agencies securities 110 — — 110 Asset-backed securities and other debt securities — 417 — 417 Short positions (d) 110 417 — 527 Total liabilities $ 515 1,698 221 2,434 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $33, $485 and $2, respectively, at June 30, 2021. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets. Fair Value Measurements Using December 31, 2020 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 78 — — 78 Obligations of states and political subdivisions securities — 17 — 17 Mortgage-backed securities: Agency residential mortgage-backed securities — 11,907 — 11,907 Agency commercial mortgage-backed securities — 18,221 — 18,221 Non-agency commercial mortgage-backed securities — 3,590 — 3,590 Asset-backed securities and other debt securities — 3,176 — 3,176 Available-for-sale debt and other securities (a) 78 36,911 — 36,989 Trading debt securities: U.S. Treasury and federal agencies securities 81 — — 81 Obligations of states and political subdivisions securities — 10 — 10 Agency residential mortgage-backed securities — 30 — 30 Asset-backed securities and other debt securities — 439 — 439 Trading debt securities 81 479 — 560 Equity securities 293 20 — 313 Residential mortgage loans held for sale — 1,481 — 1,481 Residential mortgage loans (b) — — 161 161 Servicing rights — — 656 656 Derivative assets: Interest rate contracts 1 2,227 61 2,289 Foreign exchange contracts — 255 — 255 Commodity contracts 24 351 — 375 Derivative assets (c) 25 2,833 61 2,919 Total assets $ 477 41,724 878 43,079 Liabilities: Derivative liabilities: Interest rate contracts $ 16 261 8 285 Foreign exchange contracts — 227 — 227 Equity contracts — — 201 201 Commodity contracts 55 304 — 359 Derivative liabilities (d) 71 792 209 1,072 Short positions: U.S. Treasury and federal agencies securities 63 — — 63 Asset-backed securities and other debt securities — 392 — 392 Short positions (d) 63 392 — 455 Total liabilities $ 134 1,184 209 1,527 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $40, $482 and $2, respectively, at December 31, 2020. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs	The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended June 30, 2021 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 153 784 30 (195) 772 Total (losses) gains (realized/unrealized): (b) Included in earnings — (122) 57 (37) (102) Purchases/originations — 156 — — 156 Settlements (12) — (56) 19 (49) Transfers into Level 3 (c) 10 — — — 10 Balance, end of period $ 151 818 31 (213) 787 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2021 $ — (56) 37 (37) (56) (a) Net interest rate derivatives include derivative assets and liabilities of $39 and $8, respectively, as of June 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended June 30, 2020 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 185 685 61 (171) 760 Total (losses) gains (realized/unrealized): (b) Included in earnings (2) (70) 83 (29) (18) Purchases/originations — 61 5 — 66 Settlements (20) — (60) 17 (63) Transfers into Level 3 (c) 22 — — — 22 Balance, end of period $ 185 676 89 (183) 767 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2020 $ (2) (23) 85 (29) 31 (a) Net interest rate derivatives include derivative assets and liabilities of $98 and $9, respectively, as of June 30, 2020. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2020. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the six months ended June 30, 2021 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 161 656 53 (201) 669 Total (losses) gains (realized/unrealized): (b) Included in earnings (1) (50) 91 (50) (10) Purchases/originations — 212 (1) — 211 Settlements (29) — (112) 38 (103) Transfers into Level 3 (c) 20 — — — 20 Balance, end of period $ 151 818 31 (213) 787 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2021 $ (1) 69 40 (50) 58 (a) Net interest rate derivatives include derivative assets and liabilities of $39 and $8, respectively, as of June 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the six months ended June 30, 2020 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 183 993 10 (163) 1,023 Total (losses) gains (realized/unrealized): (b) Included in earnings 2 (448) 186 (51) (311) Purchases/originations — 131 4 — 135 Settlements (29) — (111) 31 (109) Transfers into Level 3 (c) 29 — — — 29 Balance, end of period $ 185 676 89 (183) 767 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2020 $ 2 (331) 93 (51) (287) (a) Net interest rate derivatives include derivative assets and liabilities of $98 and $9, respectively, as of June 30, 2020. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2020. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
Total Gains and Losses Included in Earnings for Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs	The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Mortgage banking net revenue $ (66) 10 39 (261) Commercial banking revenue 1 1 1 1 Other noninterest income (37) (29) (50) (51) Total losses $ (102) (18) (10) (311) The total gains and losses included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at June 30, 2021 and 2020 were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the six months ended ($ in millions) 2021 2020 2021 2020 Mortgage banking net revenue $ (20) 59 107 (237) Commercial banking revenue 1 1 1 1 Other noninterest income (37) (29) (50) (51) Total gains (losses) $ (56) 31 58 (287)
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Input, Recurring	The following tables present information as of June 30, 2021 and 2020 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a recurring basis: As of June 30, 2021 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 151 Loss rate model Interest rate risk factor (9.2) - 9.0% 1.1 % (a) Credit risk factor — - 24.8% 0.5 % (a) (Fixed) 14.5 % (b) Servicing rights 818 DCF Prepayment speed — - 100.0% (Adjustable) 21.6 % (b) (Fixed) 542 (b) OAS (bps) 406 - 1,587 (Adjustable) 978 (b) IRLCs, net 39 DCF Loan closing rates 10.0 - 97.2% 76.5 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (213) DCF Timing of the resolution Q1 2023 - Q1 2025 Q4 2023 (d) (a) Unobservable inputs were weighted by the relative carrying value of the instruments. (b) Unobservable inputs were weighted by the relative unpaid principal balance of the instruments. (c) Unobservable inputs were weighted by the relative notional amount of the instruments. (d) Unobservable inputs were weighted by the probability of the final funding date of the instruments. As of June 30, 2020 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 185 Loss rate model Interest rate risk factor (7.4) - 11.6 % 0.7 % (a) Credit risk factor — - 26.4 % 0.4 % (a) (Fixed) 20.1 % (b) Servicing rights 676 DCF Prepayment speed 0.5 - 99.6 % (Adjustable) 23.4 % (b) (Fixed) 784 (b) OAS (bps) 536 - 1,386 (Adjustable) 934 (b) IRLCs, net 91 DCF Loan closing rates 7.2 - 97.2 % 65.7 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (183) DCF Timing of the resolution Q3 2022 - Q2 2024 Q1 2023 (d) (a) Unobservable inputs were weighted by the relative carrying value of the instruments. (b) Unobservable inputs were weighted by the relative unpaid principal balance of the instruments. (c) Unobservable inputs were weighted by the relative notional amount of the instruments. (d) Unobservable inputs were weighted by the probability of the final funding date of the instruments.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis	The following tables provide the fair value hierarchy and carrying amount of all assets that were held as of June 30, 2021 and 2020, and for which a nonrecurring fair value adjustment was recorded during the three and six months ended June 30, 2021 and 2020, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period. Fair Value Measurements Using Total (Losses) Gains As of June 30, 2021 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended June 30, 2021 For the six months ended June 30, 2021 Commercial loans held for sale $ — — 2 2 — 1 Commercial loans and leases — — 313 313 (39) (44) Consumer and residential mortgage loans — — 140 140 1 (1) OREO — — 6 6 — (6) Bank premises and equipment — — 7 7 (1) (2) Operating lease equipment — — 34 34 — (25) Private equity investments — 1 — 1 — — Total $ — 1 502 503 (39) (77) Fair Value Measurements Using Total (Losses) Gains As of June 30, 2020 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended June 30, 2020 For the six months ended June 30, 2020 Commercial loans held for sale $ — 37 17 54 (1) (4) Commercial loans and leases — — 569 569 (118) (192) Consumer and residential mortgage loans — — 186 186 2 3 OREO — — 18 18 (1) (6) Bank premises and equipment — — 14 14 (12) (14) Operating lease equipment — — 10 10 — (3) Private equity investments — — 70 70 — (9) Total $ — 37 884 921 (130) (225)
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Input, Nonrecurring	The following tables present information as of June 30, 2021 and 2020 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured on a nonrecurring basis: As of June 30, 2021 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans held for sale $ 2 Comparable company analysis Market comparable transactions NM NM Commercial loans and leases 313 Appraised value Collateral value NM NM Consumer and residential mortgage loans 140 Appraised value Collateral value NM NM OREO 6 Appraised value Appraised value NM NM Bank premises and equipment 7 Appraised value Appraised value NM NM Operating lease equipment 34 Appraised value Appraised value NM NM As of June 30, 2020 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans held for sale $ 16 Comparable company analysis Market comparable transactions NM NM 1 Appraised value Appraised value NM NM Commercial loans and leases 569 Appraised value Collateral value NM NM Consumer and residential mortgage loans 186 Appraised value Collateral value NM NM OREO 18 Appraised value Appraised value NM NM Bank premises and equipment 14 Appraised value Appraised value NM NM Operating lease equipment 10 Appraised value Appraised value NM NM Private equity investments 70 Comparable company analysis Market comparable transactions NM NM
Difference Between the Fair Value and the Unpaid Principal Balance for Loans	The following table summarizes the difference between the fair value and the unpaid principal balance for residential mortgage loans measured at fair value as of: June 30, 2021 ($ in millions) Aggregate Fair Value Aggregate Unpaid Principal Balance Difference Residential mortgage loans measured at fair value $ 1,784 1,725 59 Past due loans of 90 days or more 2 3 (1) Nonaccrual loans — — — December 31, 2020 Residential mortgage loans measured at fair value $ 1,642 1,567 75 Past due loans of 90 days or more 3 3 — Nonaccrual loans — — —
Carrying Amounts and Estimated Fair Values for Certain Financial Instruments	The following tables summarize the carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments measured at fair value on a recurring basis: Net Carrying Fair Value Measurements Using Total As of June 30, 2021 ($ in millions) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 3,285 3,285 — — 3,285 Other short-term investments 32,409 32,409 — — 32,409 Other securities 520 — 520 — 520 Held-to-maturity securities 10 — — 10 10 Loans and leases held for sale 4,097 — — 4,104 4,104 Portfolio loans and leases: Commercial loans and leases 65,796 — — 66,498 66,498 Consumer and residential mortgage loans 39,753 — — 40,941 40,941 Total portfolio loans and leases, net $ 105,549 — — 107,439 107,439 Financial liabilities: Deposits $ 162,283 — 162,285 — 162,285 Federal funds purchased 338 338 — — 338 Other short-term borrowings 1,130 — 1,130 — 1,130 Long-term debt 12,364 12,821 850 — 13,671 Net Carrying Fair Value Measurements Using Total As of December 31, 2020 ($ in millions) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 3,147 3,147 — — 3,147 Other short-term investments 33,399 33,399 — — 33,399 Other securities 524 — 524 — 524 Held-to-maturity securities 11 — — 11 11 Loans and leases held for sale 3,260 — — 3,269 3,269 Portfolio loans and leases: Commercial loans and leases 67,541 — — 67,810 67,810 Consumer loans 38,627 — — 40,522 40,522 Total portfolio loans and leases, net $ 106,168 — — 108,332 108,332 Financial liabilities: Deposits $ 159,081 — 159,094 — 159,094 Federal funds purchased 300 300 — — 300 Other short-term borrowings 1,192 — 1,192 — 1,192 Long-term debt 14,973 15,606 923 — 16,529

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Results of Operations and Assets by Segment	The following tables present the results of operations and assets by business segment for the three months ended: June 30, 2021 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 376 301 142 21 368 — 1,208 (Benefit from) provision for credit losses (151) 25 — — 11 — (115) Net interest income after (benefit from) provision for credit losses $ 527 276 142 21 357 — 1,323 Noninterest income: Commercial banking revenue $ 156 3 — 1 — — 160 Service charges on deposits 92 57 — — — — 149 Wealth and asset management revenue 1 52 — 138 — (46) (a) 145 Card and processing revenue 15 84 — 1 2 — 102 Mortgage banking net revenue — 3 60 1 — — 64 Leasing business revenue 61 — — — — — 61 Other noninterest income (b) 30 25 2 2 (10) — 49 Securities gains, net — — — — 10 — 10 Securities gains, net – non-qualifying hedges on MSRs — — 1 — — — 1 Total noninterest income $ 355 224 63 143 2 (46) 741 Noninterest expense: Compensation and benefits $ 136 158 61 49 234 — 638 Technology and communications 4 1 3 — 86 — 94 Net occupancy expense (c) 8 49 3 4 13 — 77 Equipment expense 7 9 — — 18 — 34 Leasing business expense 33 — — — — — 33 Card and processing expense 2 19 — — (1) — 20 Marketing expense 2 7 1 — 10 — 20 Other noninterest expense 207 207 95 78 (304) (46) 237 Total noninterest expense $ 399 450 163 131 56 (46) 1,153 Income before income taxes $ 483 50 42 33 303 — 911 Applicable income tax expense 90 10 9 7 86 — 202 Net income $ 393 40 33 26 217 — 709 Total goodwill $ 1,981 2,047 — 231 — — 4,259 Total assets $ 68,851 87,646 33,215 10,881 4,797 (d) — 205,390 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $2 for branches and land recorded in Branch Banking. For more information, refer to Note 7 and Note 21. (c) Includes impairment losses and termination charges of $2 for ROU assets related to certain operating leases. For more information refer to Note 9. (d) Includes bank premises and equipment of $25 classified as held for sale. For more information, refer to Note 7. June 30, 2020 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 570 513 92 51 (26) — 1,200 Provision for (benefit from) credit losses 457 52 10 (1) (33) — 485 Net interest income after provision for (benefit from) credit losses $ 113 461 82 52 7 — 715 Noninterest income: Commercial banking revenue $ 136 1 — 1 (1) — 137 Service charges on deposits 79 42 — — 1 — 122 Wealth and asset management revenue 1 39 — 115 — (35) (a) 120 Card and processing revenue 11 68 — — 3 — 82 Mortgage banking net revenue — 2 96 1 — — 99 Leasing business revenue 57 — — — — — 57 Other noninterest income (b) 10 15 2 4 (19) — 12 Securities gains, net — — — — 21 — 21 Securities gains, net – non-qualifying hedges on MSRs — — — — — — — Total noninterest income $ 294 167 98 121 5 (35) 650 Noninterest expense: Compensation and benefits $ 129 161 53 50 234 — 627 Technology and communications 3 1 2 — 84 — 90 Net occupancy expense (c) 8 44 2 3 25 — 82 Equipment expense 7 10 — — 15 — 32 Leasing business expense 33 — — — — — 33 Card and processing expense 2 28 — — (1) — 29 Marketing expense 2 5 1 — 12 — 20 Other noninterest expense 221 205 62 69 (314) (35) 208 Total noninterest expense $ 405 454 120 122 55 (35) 1,121 Income (loss) before income taxes $ 2 174 60 51 (43) — 244 Applicable income tax expense (benefit) (10) 36 12 11 — — 49 Net income (loss) $ 12 138 48 40 (43) — 195 Total goodwill $ 1,961 2,047 — 253 — — 4,261 Total assets $ 76,437 77,219 26,451 11,680 11,119 (d) — 202,906 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $4 and $8 for branches and land recorded in Branch Banking and General Corporate and Other, respectively. For more information, refer to Note 7 and Note 21. (c) Includes impairment losses and termination charges of $3 for ROU assets related to certain operating leases. For more information refer to Note 9. (d) Includes bank premises and equipment of $53 classified as held for sale. For more information, refer to Note 7. The following tables present the results of operations and assets by business segment for the six months ended: June 30, 2021 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 741 596 269 42 737 — 2,385 (Benefit from) provision for credit losses (227) 66 8 (1) (134) — (288) Net interest income after (benefit from) provision for credit losses $ 968 530 261 43 871 — 2,673 Noninterest income: Commercial banking revenue $ 307 5 — 1 — — 313 Service charges on deposits 181 111 — — — — 292 Wealth and asset management revenue 1 102 — 274 — (89) (a) 288 Card and processing revenue 29 161 — 1 5 — 196 Mortgage banking net revenue — 5 142 2 — — 149 Leasing business revenue 148 (c) — — — — — 148 Other noninterest income (b) 42 45 4 3 (2) — 92 Securities gains, net 7 — — — 6 — 13 Securities losses, net – non-qualifying hedges on MSRs — — (1) — — — (1) Total noninterest income $ 715 429 145 281 9 (89) 1,490 Noninterest expense: Compensation and benefits $ 292 328 127 103 493 — 1,343 Technology and communications 7 2 5 — 173 — 187 Net occupancy expense (d) 17 96 5 7 31 — 156 Equipment expense 13 19 — — 36 — 68 Leasing business expense 68 — — — — — 68 Card and processing expense 3 49 — — (2) — 50 Marketing expense 3 15 1 1 23 — 43 Other noninterest expense 416 430 186 156 (645) (89) 454 Total noninterest expense $ 819 939 324 267 109 (89) 2,369 Income before income taxes $ 864 20 82 57 771 — 1,794 Applicable income tax expense 160 4 17 12 198 — 391 Net income $ 704 16 65 45 573 — 1,403 Total goodwill $ 1,981 2,047 — 231 — — 4,259 Total assets $ 68,851 87,646 33,215 10,881 4,797 (e) — 205,390 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges o f $3 and $1 f or branches and land recorded in Branch Banking and General Corporate and Other, respectively. For more information, refer to Note 7 and Note 21. (c) Includes impairment charges o f $25 f or operating lease equipment. For more information, refer to Note 8 and Note 21. (d) Includes impairment losses and termination charges of $2 for ROU assets related to certain operating leases. For more information refer to Note 9. (e) Includes bank premises and equipment of $25 classified as held for sale. For more information, refer to Note 7. June 30, 2020 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 1,078 1,017 181 88 65 — 2,429 Provision for credit losses 502 114 23 — 486 — 1,125 Net interest income after provision for credit losses $ 576 903 158 88 (421) — 1,304 Noninterest income: Commercial banking revenue $ 260 2 — 1 (2) — 261 Service charges on deposits 162 107 — 1 — — 270 Wealth and asset management revenue 2 84 — 244 — (75) (a) 255 Card and processing revenue 26 133 — 1 7 — 167 Mortgage banking net revenue — 4 213 2 — — 219 Leasing business revenue 131 (c) — — — — — 131 Other noninterest income (b) (1) 34 6 9 (30) — 18 Securities losses, net — — — — (3) — (3) Securities gains, net – non-qualifying hedges on MSRs — — 3 — — — 3 Total noninterest income $ 580 364 222 258 (28) (75) 1,321 Noninterest expense: Compensation and benefits $ 278 330 104 112 450 — 1,274 Technology and communications 6 1 5 — 171 — 183 Net occupancy expense (e) 15 87 5 6 51 — 164 Equipment expense 14 21 — — 29 — 64 Leasing business expense 68 — — — — — 68 Card and processing expense 4 58 — — (2) — 60 Marketing expense 4 17 2 1 27 — 51 Other noninterest expense 495 426 128 147 (664) (75) 457 Total noninterest expense $ 884 940 244 266 62 (75) 2,321 Income (loss) before income taxes $ 272 327 136 80 (511) — 304 Applicable income tax expense (benefit) 35 69 29 16 (88) — 61 Net income (loss) $ 237 258 107 64 (423) — 243 Total goodwill $ 1,961 2,047 — 253 — — 4,261 Total assets $ 76,437 77,219 26,451 11,680 11,119 (d) — 202,906 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $4 and $10 for branches and land recorded in Branch Banking and General Corporate and Other, respectively. For more information, refer to Note 7 and Note 21. (c) Includes impairment charges of $3 for operating lease equipment. For more information, refer to Note 8 and Note 21. (d) Includes bank premises and equipment of $53 classified as held for sale. For more information, refer to Note 7. (e) Includes impairment losses of and termination charges of $5 for ROU assets related to certain operating leases. For more information, refer to Note 9.

Supplemental Cash Flow (Details

Supplemental Cash Flow (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash Payments:
Interest	$ 256	$ 528
Income taxes	336	268
Transfers:
Portfolio loans and leases to loans and leases held for sale	337	31
Loans and leases held for sale to portfolio loans and leases	20	29
Portfolio loans and leases to OREO	9	6
Loans and leases held for sale to OREO	0	2
Bank premises and equipment to OREO	17	0
Supplemental Disclosures:
Net additions to lease liabilities under operating leases	31	27
Net additions to lease liabilities under finance leases	25	76
Accounts, Notes, Loans and Financing Receivable
Portfolio loans and leases to loans and leases held for sale	337	$ 31
Residential mortgage loans | GNMA loans
Transfers:
Portfolio loans and leases to loans and leases held for sale	139
Accounts, Notes, Loans and Financing Receivable
Portfolio loans and leases to loans and leases held for sale	$ 139

Investment Securities - Investm

Investment Securities - Investment Securities (Details) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Available-for-sale debt and other securities:
Amortized Cost		$ 36,081	$ 34,982
Unrealized Gains		2,014	2,568
Unrealized Losses		(83)	(37)
Fair Value	[1]	38,012	37,513
Held-to-maturity securities:
Amortized Cost		10	11
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value	[2]	10	11
Trading debt securities		711	560
Equity securities		341	313
U.S. Treasury and federal agencies securities
Available-for-sale debt and other securities:
Amortized Cost		105	74
Unrealized Gains		2	4
Unrealized Losses		0	0
Fair Value		107	78
Obligations of states and political subdivisions securities
Available-for-sale debt and other securities:
Amortized Cost		18	17
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		18	17
Held-to-maturity securities:
Amortized Cost		9	9
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		9	9
Agency mortgage-backed securities | Residential mortgage backed securities
Available-for-sale debt and other securities:
Amortized Cost		10,256	11,147
Unrealized Gains		573	768
Unrealized Losses		(20)	(8)
Fair Value		10,809	11,907
Agency mortgage-backed securities | Commercial mortgage-backed securities
Available-for-sale debt and other securities:
Amortized Cost		18,142	16,745
Unrealized Gains		1,188	1,481
Unrealized Losses		(36)	(5)
Fair Value		19,294	18,221
Non-agency mortgage-backed securities | Commercial mortgage-backed securities
Available-for-sale debt and other securities:
Amortized Cost		3,276	3,323
Unrealized Gains		203	267
Unrealized Losses		0	0
Fair Value		3,479	3,590
Asset-backed securities and other debt securities
Available-for-sale debt and other securities:
Amortized Cost		3,764	3,152
Unrealized Gains		48	48
Unrealized Losses		(27)	(24)
Fair Value		3,785	3,176
Held-to-maturity securities:
Amortized Cost		1	2
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		1	2
Other securities
Available-for-sale debt and other securities:
Amortized Cost		520	524
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		520	524
FHLB, restricted stock holdings		33	40
FRB, restricted stock holdings		485	482
DTCC, restricted stock holdings		$ 2	$ 2
[1]	Amortized cost of $36,081 and $34,982 at June 30, 2021 and December 31, 2020, respectively.
[2]	Fair value of $10 and $11 at June 30, 2021 and December 31, 2020, respectively.

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Accrued interest receivables on investment securities	$ 86			$ 86		$ 87
Impairment losses	0	$ 7	$ 0	7	$ 0
Securities with a fair value, pledged as collateral	11,000			11,000		11,000
Investment Holdings [Line Items]
Unrealized losses	83			83		37
Non-rated Securities
Investment Holdings [Line Items]
Unrealized losses	$ 1			$ 1		$ 1

Investment Securities - Gains a

Investment Securities - Gains and Losses Recognized in Income from Securities (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Available-for-sale debt and other securities:
Realized gains	$ 7		$ 0	$ 8	$ 1
Realized losses	0		0	(10)	(1)
Impairment losses	0	$ (7)	0	(7)	0
Net (losses) gains on available-for sale debt and other securities	7		0	(9)	0
Total trading debt securities (losses) gains	(7)		0	0	3
Total equity securities gains (losses)	11		21	21	(3)
Total gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities	11		21	12	0
Equity securities, unrealized gains (losses)	10		21	17	(2)
Commercial Banking Revenue and Wealth and Asset Management Revenue
Investment Holdings [Line Items]
Securities gains (losses)	$ (1)		$ 8	$ (3)	$ 6

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Available-for-Sale Debt and Held-to-Maturity Securities (Details) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Available-for-Sale Debt and Other, Amortized Cost
Less than 1 year		$ 886
1-5 years		14,074
5-10 years		11,482
Over 10 years		9,119
Other securities		520
Amortized Cost		36,081	$ 34,982
Available-for-Sale Debt and Other, Fair Value
Less than 1 year		907
1-5 years		14,825
5-10 years		12,349
Over 10 years		9,411
Other securities		520
Fair Value	[1]	38,012	37,513
Held-to-Maturity, Amortized Cost
Less than 1 year		4
1-5 years		4
5-10 years		0
Over 10 years		2
Other securities		0
Amortized Cost		10	11
Held-to-Maturity, Fair Value
Less than 1 year		4
1-5 years		4
5-10 years		0
Over 10 years		2
Other securities		0
Fair Value	[2]	$ 10	$ 11
[1]	Amortized cost of $36,081 and $34,982 at June 30, 2021 and December 31, 2020, respectively.
[2]	Fair value of $10 and $11 at June 30, 2021 and December 31, 2020, respectively.

Investment Securities - Fair Va

Investment Securities - Fair Value and Gross Unrealized Losses on Available-for-Sale Debt Securities (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value
Less than 12 months	$ 2,769	$ 1,336
12 months or more	844	604
Total	3,613	1,940
Unrealized Losses
Less than 12 months	(63)	(20)
12 months or more	(20)	(17)
Total	(83)	(37)
Agency mortgage-backed securities | Residential mortgage backed securities
Fair Value
Less than 12 months	701	426
12 months or more	1	1
Total	702	427
Unrealized Losses
Less than 12 months	(20)	(8)
12 months or more	0	0
Total	(20)	(8)
Agency mortgage-backed securities | Commercial mortgage-backed securities
Fair Value
Less than 12 months	1,632	388
12 months or more	0	0
Total	1,632	388
Unrealized Losses
Less than 12 months	(36)	(5)
12 months or more	0	0
Total	(36)	(5)
Non-agency mortgage-backed securities | Commercial mortgage-backed securities
Fair Value
Less than 12 months	1	2
12 months or more	0	0
Total	1	2
Unrealized Losses
Less than 12 months	0	0
12 months or more	0	0
Total	0	0
Asset-backed securities and other debt securities
Fair Value
Less than 12 months	435	520
12 months or more	843	603
Total	1,278	1,123
Unrealized Losses
Less than 12 months	(7)	(7)
12 months or more	(20)	(17)
Total	$ (27)	$ (24)

Loans and Leases - Loans and Le

Loans and Leases - Loans and Leases Classified by Primary Purpose (Details) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Loans and leases held for sale:
Loans and leases held for sale	[1]	$ 5,730	$ 4,741
Portfolio loans and leases:
Commercial and industrial loans		47,564	49,665
Commercial mortgage loans		10,347	10,602
Commercial construction loans		5,871	5,815
Commercial leases		3,238	2,915
Residential mortgage loans		16,131	15,928
Home equity		4,545	5,183
Indirect secured consumer loans		15,192	13,653
Credit card		1,793	2,007
Other consumer loans		3,052	3,014
Total portfolio loans and leases	[2],[3]	107,733	108,782
Residential mortgage loans
Loans and leases held for sale:
Loans and leases held for sale		5,684	4,465
Residential mortgage loans | GNMA loans
Portfolio loans and leases:
Total portfolio loans and leases			39
Commercial
Portfolio loans and leases:
Total portfolio loans and leases		67,020	68,997
Commercial | Commercial and industrial loans
Loans and leases held for sale:
Loans and leases held for sale		11	230
Portfolio loans and leases:
Total portfolio loans and leases		47,564	49,665
Loans and leases related to SBA Paycheck Protection Program of CARES Act		3,700	4,800
Commercial | Commercial mortgage loans
Loans and leases held for sale:
Loans and leases held for sale		33	7
Commercial | Commercial construction loans
Loans and leases held for sale:
Loans and leases held for sale		2	0
Portfolio loans and leases:
Total portfolio loans and leases		5,871	5,815
Commercial | Commercial leases
Loans and leases held for sale:
Loans and leases held for sale		0	39
Portfolio loans and leases:
Total portfolio loans and leases		3,238	2,915
Consumer
Portfolio loans and leases:
Total portfolio loans and leases		$ 40,713	39,785
Consumer | Residential mortgage loans | GNMA loans
Portfolio loans and leases:
Total portfolio loans and leases			$ 39
[1]	Includes $1,633 and $1,481 of residential mortgage loans held for sale measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[2]	Includes $151 and $161 of residential mortgage loans measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[3]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.

Loans and Leases - Additional I

Loans and Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2021		Jun. 30, 2020	Jun. 30, 2021		Jun. 30, 2020	Mar. 31, 2021	Dec. 31, 2020		Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable
Unearned income	$ 274			$ 274				$ 280
Net premium	356			356				251
Accrued interest receivable	372			372				350
Loans pledged at the FHLB	15,200			15,200				15,500
Loans pledged at the FRB	42,000			42,000				37,800
Direct financing lease - interest income	11		$ 17	23		$ 35
Sales type lease - interest income	10		6	20		13
Allowance for loan and lease losses	2,033	[1]	$ 2,696	2,033	[1]	$ 2,696	$ 2,208	2,453	[1]	$ 2,348	$ 1,202
Commercial Leases
Accounts, Notes, Loans and Financing Receivable
Allowance for loan and lease losses	$ 24			$ 24				$ 29
[1]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.

Loans and Leases - Total Loans

Loans and Leases - Total Loans and Leases Managed by the Bancorp (Details) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		$ 113,463	$ 113,523
90 Days Past Due and Still Accruing		83	163
Loans and leases held for sale	[1]	5,730	4,741
Total portfolio loans and leases	[2],[3]	107,733	108,782
Residential mortgage loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		21,815	20,393
90 Days Past Due and Still Accruing		57	70
Commercial
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Total portfolio loans and leases		67,020	68,997
Commercial | Commercial and industrial loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		47,575	49,895
90 Days Past Due and Still Accruing		2	39
Commercial | Commercial mortgage loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		10,380	10,609
90 Days Past Due and Still Accruing		4	8
Commercial | Commercial construction loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		5,873	5,815
90 Days Past Due and Still Accruing		0	0
Commercial | Commercial leases
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		3,238	2,954
90 Days Past Due and Still Accruing		0	1
Consumer
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Total portfolio loans and leases		40,713	39,785
Consumer | Home equity
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		4,545	5,183
90 Days Past Due and Still Accruing		1	2
Consumer | Indirect secured consumer loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		15,192	13,653
90 Days Past Due and Still Accruing		4	10
Consumer | Credit card
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		1,793	2,007
90 Days Past Due and Still Accruing		14	31
Consumer | Other consumer loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		3,052	3,014
90 Days Past Due and Still Accruing		$ 1	$ 2
[1]	Includes $1,633 and $1,481 of residential mortgage loans held for sale measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[2]	Includes $151 and $161 of residential mortgage loans measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[3]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.

Loans and Leases - Net Charge-O

Loans and Leases - Net Charge-Offs (Recoveries) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	$ 44	$ 130	$ 115	$ 252
Residential mortgage loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	0	1	(1)	2
Commercial | Commercial and industrial loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	13	65	40	115
Commercial | Commercial mortgage loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	6	2	8	4
Commercial | Commercial leases
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	(2)	11	(2)	16
Consumer | Home equity
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	(1)	1	(1)	4
Consumer | Indirect secured consumer loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	0	7	9	20
Consumer | Credit card
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	20	34	45	71
Consumer | Other consumer loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	$ 8	$ 9	$ 17	$ 20

Loans and Leases - Components o

Loans and Leases - Components of Net Investment in Leases (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Net investment in sales-type leases:
Leveraged leases	$ 311	$ 323
Direct Financing Leases
Net investment in direct financing leases:
Lease payment receivable (present value)	1,161	1,400
Unguaranteed residual assets (present value)	167	181
Net discount on acquired leases	0	(1)
Sales-Type Leases
Net investment in sales-type leases:
Lease payment receivable (present value)	1,551	976
Unguaranteed residual assets (present value)	$ 48	$ 36

Loans and Leases - Undiscounted

Loans and Leases - Undiscounted Cash Flows (Details) $ in Millions	Jun. 30, 2021USD ($)
Direct Financing Leases
Accounts, Notes, Loans and Financing Receivable
Remainder of 2021	$ 216
2022	350
2023	224
2024	160
2025	114
2026	69
Thereafter	105
Total undiscounted cash flows	1,238
Less: Difference between undiscounted cash flows and discounted cash flows	77
Present value of lease payments (recognized as lease receivables)	1,161
Sales-Type Leases
Accounts, Notes, Loans and Financing Receivable
Remainder of 2021	278
2022	479
2023	288
2024	216
2025	150
2026	82
Thereafter	165
Total undiscounted cash flows	1,658
Less: Difference between undiscounted cash flows and discounted cash flows	107
Present value of lease payments (recognized as lease receivables)	$ 1,551

Credit Quality and the Allowa_3

Credit Quality and the Allowance for Loan and Lease Losses - Summary of Transactions in the ALLL by Portfolio Segment (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2021		Jun. 30, 2020	Jun. 30, 2021		Jun. 30, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 2,208		$ 2,348	$ 2,453	[1]	$ 1,202
Losses charged-off	(103)		(163)	(211)		(322)
Recoveries of losses previously charged-off	59		33	96		70
Provision (benefit) from loan and lease losses	(131)		478	(305)		1,103
Balance, end of period	2,033	[1]	2,696	2,033	[1]	2,696
Cumulative Effect, Period of Adoption, Adjustment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period						643
Other Consumer Loans, Point of Sale
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Losses charged-off	(8)		(9)	(18)		(22)
Recoveries of losses previously charged-off	8		9	18		22
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,329		1,313	1,456		710
Losses charged-off	(45)		(81)	(81)		(142)
Recoveries of losses previously charged-off	28		3	35		7
Provision (benefit) from loan and lease losses	(88)		267	(186)		767
Balance, end of period	1,224		1,502	1,224		1,502
Initial recognition of ALLL on PCD loans						31
Commercial | Cumulative Effect, Period of Adoption, Adjustment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period						160
Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	247		260	294		73
Losses charged-off	(1)		(2)	(2)		(4)
Recoveries of losses previously charged-off	1		1	3		2
Provision (benefit) from loan and lease losses	(12)		68	(60)		60
Balance, end of period	235		327	235		327
Initial recognition of ALLL on PCD loans			1			2
Residential Mortgage | Cumulative Effect, Period of Adoption, Adjustment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period						196
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	632		775	703		298
Losses charged-off	(57)		(80)	(128)		(176)
Recoveries of losses previously charged-off	30		29	58		61
Provision (benefit) from loan and lease losses	(31)		143	(59)		276
Balance, end of period	$ 574		867	$ 574		867
Initial recognition of ALLL on PCD loans						1
Consumer | Cumulative Effect, Period of Adoption, Adjustment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period						408
Unallocated
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period						121
Losses charged-off						0
Recoveries of losses previously charged-off						0
Provision (benefit) from loan and lease losses						0
Balance, end of period			$ 0			0
Unallocated | Cumulative Effect, Period of Adoption, Adjustment | ASU 2016-13
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period						$ (121)
[1]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.

Credit Quality and the Allowa_4

Credit Quality and the Allowance for Loan and Lease Losses - Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment (Details) - USD ($) $ in Millions		Jun. 30, 2021		Mar. 31, 2021	Dec. 31, 2020		Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated		$ 194			$ 225
Collectively evaluated		1,839			2,228
Total ALLL		2,033	[1]	$ 2,208	2,453	[1]	$ 2,696	$ 2,348	$ 1,202
Individually evaluated		1,463			1,863
Collectively evaluated		106,119			106,343
Purchased credit deteriorated					415
Total portfolio loans and leases		107,582			108,621
Leveraged leases		311			323
Total	[1],[2]	107,733			108,782
Residential mortgage loans | GNMA loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Total					39
Commercial Leveraged Leases
Financing Receivable, Allowance for Credit Loss [Line Items]
Total ALLL		3			3
Leveraged leases		311			323
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated		101			114
Collectively evaluated		1,123			1,342
Total ALLL		1,224		1,329	1,456		1,502	1,313	710
Individually evaluated		629			962
Collectively evaluated		66,391			67,701
Purchased credit deteriorated					334
Total portfolio loans and leases		67,020			68,997
Total		67,020			68,997
Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated		55			68
Collectively evaluated		180			226
Total ALLL		235		247	294		327	260	73
Individually evaluated		539			628
Collectively evaluated		15,441			15,073
Purchased credit deteriorated					66
Total portfolio loans and leases		15,980			15,767
Residential mortgage loans		151			161		185
Residential Mortgage | Residential mortgage loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Total		15,980			15,767
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated		38			43
Collectively evaluated		536			660
Total ALLL		574		$ 632	703		$ 867	$ 775	$ 298
Individually evaluated		295			273
Collectively evaluated		24,287			23,569
Purchased credit deteriorated					15
Total portfolio loans and leases		24,582			23,857
Total		$ 40,713			39,785
Consumer | Residential mortgage loans | GNMA loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Total					$ 39
[1]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.
[2]	Includes $151 and $161 of residential mortgage loans measured at fair value at June 30, 2021 and December 31, 2020, respectively.

Credit Quality and the Allowa_5

Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Credit Risk Profile of the Bancorp's Commercial Portfolio Segment by Class (Details) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Modifications
Total	[1],[2]	$ 107,733	$ 108,782
Commercial
Financing Receivable, Modifications
Year One		4,819	10,665
Year Two		7,043	4,149
Year Three		3,595	2,839
Year Four		2,099	1,767
Year Five		1,345	1,369
Prior		3,105	2,523
Revolving Loans		45,014	45,685
Revolving Loans Converted to Term Loans		0	0
Total		67,020	68,997
Commercial | Pass
Financing Receivable, Modifications
Year One		4,646	9,711
Year Two		6,430	3,901
Year Three		3,353	2,420
Year Four		1,785	1,604
Year Five		1,216	1,266
Prior		2,900	2,300
Revolving Loans		39,953	39,029
Revolving Loans Converted to Term Loans		0	0
Total		60,283	60,231
Commercial | Special mention
Financing Receivable, Modifications
Year One		53	448
Year Two		256	142
Year Three		139	205
Year Four		94	61
Year Five		38	43
Prior		47	47
Revolving Loans		2,075	3,388
Revolving Loans Converted to Term Loans		0	0
Total		2,702	4,334
Commercial | Substandard
Financing Receivable, Modifications
Year One		120	494
Year Two		357	104
Year Three		103	205
Year Four		220	102
Year Five		91	60
Prior		158	176
Revolving Loans		2,986	3,261
Revolving Loans Converted to Term Loans		0	0
Total		4,035	4,402
Commercial | Doubtful
Financing Receivable, Modifications
Year One		0	12
Year Two		0	2
Year Three		0	9
Year Four		0	0
Year Five		0	0
Prior		0	0
Revolving Loans		0	7
Revolving Loans Converted to Term Loans		0	0
Total		0	30
Commercial | Commercial and industrial loans
Financing Receivable, Modifications
Year One		3,207	7,227
Year Two		4,308	2,272
Year Three		1,827	1,397
Year Four		888	806
Year Five		566	515
Prior		1,058	828
Revolving Loans		35,710	36,620
Revolving Loans Converted to Term Loans		0	0
Total		47,564	49,665
Commercial | Commercial and industrial loans | Pass
Financing Receivable, Modifications
Year One		3,164	7,042
Year Two		4,183	2,144
Year Three		1,733	1,114
Year Four		743	700
Year Five		466	471
Prior		928	703
Revolving Loans		32,500	31,657
Revolving Loans Converted to Term Loans		0	0
Total		43,717	43,831
Commercial | Commercial and industrial loans | Special mention
Financing Receivable, Modifications
Year One		17	66
Year Two		33	46
Year Three		35	167
Year Four		26	46
Year Five		30	5
Prior		21	21
Revolving Loans		1,210	2,317
Revolving Loans Converted to Term Loans		0	0
Total		1,372	2,668
Commercial | Commercial and industrial loans | Substandard
Financing Receivable, Modifications
Year One		26	119
Year Two		92	80
Year Three		59	107
Year Four		119	60
Year Five		70	39
Prior		109	104
Revolving Loans		2,000	2,639
Revolving Loans Converted to Term Loans		0	0
Total		2,475	3,148
Commercial | Commercial and industrial loans | Doubtful
Financing Receivable, Modifications
Year One		0	0
Year Two		0	2
Year Three		0	9
Year Four		0	0
Year Five		0	0
Prior		0	0
Revolving Loans		0	7
Revolving Loans Converted to Term Loans		0	0
Total		0	18
Commercial | Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
Year One		559	1,316
Year Two		1,024	684
Year Three		647	465
Year Four		385	302
Year Five		248	264
Prior		562	467
Revolving Loans		1,332	1,177
Revolving Loans Converted to Term Loans		0	0
Total		4,757	4,675
Commercial | Commercial mortgage owner-occupied loans | Pass
Financing Receivable, Modifications
Year One		517	1,047
Year Two		927	655
Year Three		596	416
Year Four		358	288
Year Five		246	249
Prior		513	420
Revolving Loans		1,140	1,025
Revolving Loans Converted to Term Loans		0	0
Total		4,297	4,100
Commercial | Commercial mortgage owner-occupied loans | Special mention
Financing Receivable, Modifications
Year One		4	58
Year Two		30	12
Year Three		40	16
Year Four		2	7
Year Five		0	2
Prior		22	17
Revolving Loans		85	64
Revolving Loans Converted to Term Loans		0	0
Total		183	176
Commercial | Commercial mortgage owner-occupied loans | Substandard
Financing Receivable, Modifications
Year One		38	211
Year Two		67	17
Year Three		11	33
Year Four		25	7
Year Five		2	13
Prior		27	30
Revolving Loans		107	88
Revolving Loans Converted to Term Loans		0	0
Total		277	399
Commercial | Commercial mortgage owner-occupied loans | Doubtful
Financing Receivable, Modifications
Year One		0	0
Year Two		0	0
Year Three		0	0
Year Four		0	0
Year Five		0	0
Prior		0	0
Revolving Loans		0	0
Revolving Loans Converted to Term Loans		0	0
Total		0	0
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Year One		267	1,315
Year Two		1,051	750
Year Three		710	614
Year Four		506	269
Year Five		218	261
Prior		470	375
Revolving Loans		2,368	2,343
Revolving Loans Converted to Term Loans		0	0
Total		5,590	5,927
Commercial | Commercial mortgage nonowner-occupied loans | Pass
Financing Receivable, Modifications
Year One		205	902
Year Two		736	679
Year Three		627	548
Year Four		381	247
Year Five		207	223
Prior		459	341
Revolving Loans		1,598	1,626
Revolving Loans Converted to Term Loans		0	0
Total		4,213	4,566
Commercial | Commercial mortgage nonowner-occupied loans | Special mention
Financing Receivable, Modifications
Year One		31	252
Year Two		120	68
Year Three		57	17
Year Four		61	8
Year Five		8	36
Prior		0	9
Revolving Loans		338	416
Revolving Loans Converted to Term Loans		0	0
Total		615	806
Commercial | Commercial mortgage nonowner-occupied loans | Substandard
Financing Receivable, Modifications
Year One		31	149
Year Two		195	3
Year Three		26	49
Year Four		64	14
Year Five		3	2
Prior		11	25
Revolving Loans		432	301
Revolving Loans Converted to Term Loans		0	0
Total		762	543
Commercial | Commercial mortgage nonowner-occupied loans | Doubtful
Financing Receivable, Modifications
Year One		0	12
Year Two		0	0
Year Three		0	0
Year Four		0	0
Year Five		0	0
Prior		0	0
Revolving Loans		0	0
Revolving Loans Converted to Term Loans		0	0
Total		0	12
Commercial | Commercial construction loans
Financing Receivable, Modifications
Year One		43	173
Year Two		139	49
Year Three		47	27
Year Four		27	0
Year Five		0	9
Prior		11	12
Revolving Loans		5,604	5,545
Revolving Loans Converted to Term Loans		0	0
Total		5,871	5,815
Commercial | Commercial construction loans | Pass
Financing Receivable, Modifications
Year One		28	98
Year Two		73	49
Year Three		47	27
Year Four		27	0
Year Five		0	9
Prior		11	12
Revolving Loans		4,715	4,721
Revolving Loans Converted to Term Loans		0	0
Total		4,901	4,916
Commercial | Commercial construction loans | Special mention
Financing Receivable, Modifications
Year One		0	67
Year Two		66	0
Year Three		0	0
Year Four		0	0
Year Five		0	0
Prior		0	0
Revolving Loans		442	591
Revolving Loans Converted to Term Loans		0	0
Total		508	658
Commercial | Commercial construction loans | Substandard
Financing Receivable, Modifications
Year One		15	8
Year Two		0	0
Year Three		0	0
Year Four		0	0
Year Five		0	0
Prior		0	0
Revolving Loans		447	233
Revolving Loans Converted to Term Loans		0	0
Total		462	241
Commercial | Commercial construction loans | Doubtful
Financing Receivable, Modifications
Year One		0	0
Year Two		0	0
Year Three		0	0
Year Four		0	0
Year Five		0	0
Prior		0	0
Revolving Loans		0	0
Revolving Loans Converted to Term Loans		0	0
Total		0	0
Commercial | Commercial leases
Financing Receivable, Modifications
Year One		743	634
Year Two		521	394
Year Three		364	336
Year Four		293	390
Year Five		313	320
Prior		1,004	841
Revolving Loans		0	0
Revolving Loans Converted to Term Loans		0	0
Total		3,238	2,915
Commercial | Commercial leases | Pass
Financing Receivable, Modifications
Year One		732	622
Year Two		511	374
Year Three		350	315
Year Four		276	369
Year Five		297	314
Prior		989	824
Revolving Loans		0	0
Revolving Loans Converted to Term Loans		0	0
Total		3,155	2,818
Commercial | Commercial leases | Special mention
Financing Receivable, Modifications
Year One		1	5
Year Two		7	16
Year Three		7	5
Year Four		5	0
Year Five		0	0
Prior		4	0
Revolving Loans		0	0
Revolving Loans Converted to Term Loans		0	0
Total		24	26
Commercial | Commercial leases | Substandard
Financing Receivable, Modifications
Year One		10	7
Year Two		3	4
Year Three		7	16
Year Four		12	21
Year Five		16	6
Prior		11	17
Revolving Loans		0	0
Revolving Loans Converted to Term Loans		0	0
Total		59	71
Commercial | Commercial leases | Doubtful
Financing Receivable, Modifications
Year One		0	0
Year Two		0	0
Year Three		0	0
Year Four		0	0
Year Five		0	0
Prior		0	0
Revolving Loans		0	0
Revolving Loans Converted to Term Loans		0	0
Total		$ 0	$ 0
[1]	Includes $151 and $161 of residential mortgage loans measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[2]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.

Credit Quality and the Allowa_6

Credit Quality and the Allowance for Loan and Lease Losses - Summary of Recorded Investment in Portfolio Loans and Leases by Age and Class (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	$ 105,700	$ 106,329
Commercial
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	67,020	68,997
90 Days Past Due and Still Accruing	6	48
Commercial | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	66,786	68,640
Commercial | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	234	357
Commercial | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	160	171
Commercial | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	74	186
Commercial | Commercial and industrial loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	47,564	49,665
90 Days Past Due and Still Accruing	2	39
Commercial | Commercial and industrial loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	47,398	49,421
Commercial | Commercial and industrial loans | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	166	244
Commercial | Commercial and industrial loans | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	111	119
Commercial | Commercial and industrial loans | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	55	125
Commercial | Commercial mortgage owner-occupied loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	4,757	4,675
90 Days Past Due and Still Accruing	4	7
Commercial | Commercial mortgage owner-occupied loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	4,706	4,645
Commercial | Commercial mortgage owner-occupied loans | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	51	30
Commercial | Commercial mortgage owner-occupied loans | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	35	7
Commercial | Commercial mortgage owner-occupied loans | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	16	23
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,590	5,927
90 Days Past Due and Still Accruing	0	1
Commercial | Commercial mortgage nonowner-occupied loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,587	5,860
Commercial | Commercial mortgage nonowner-occupied loans | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	3	67
Commercial | Commercial mortgage nonowner-occupied loans | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	1	31
Commercial | Commercial mortgage nonowner-occupied loans | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	2	36
Commercial | Commercial construction loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,871	5,815
90 Days Past Due and Still Accruing	0	0
Commercial | Commercial construction loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,871	5,808
Commercial | Commercial construction loans | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	0	7
Commercial | Commercial construction loans | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	0	7
Commercial | Commercial construction loans | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	0	0
Commercial | Commercial leases
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	3,238	2,915
90 Days Past Due and Still Accruing	0	1
Commercial | Commercial leases | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	3,224	2,906
Commercial | Commercial leases | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	14	9
Commercial | Commercial leases | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	13	7
Commercial | Commercial leases | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	$ 1	$ 2

Credit Quality and the Allowa_7

Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Credit Risk Profile of the Bancorp's Residential Mortgage and Consumer Portfolio Segments by Class (Details) - USD ($) $ in Millions		3 Months Ended	6 Months Ended
		Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Financing Receivable, Modifications
Total	[1],[2]		$ 107,733		$ 108,782
Residential Mortgage
Financing Receivable, Modifications
Residential mortgage loans		$ 185	151	$ 185	161
Residential Mortgage | Federal Housing Administration Loan
Financing Receivable, Modifications
Losses due to claim denials and curtailments		$ 1	1	$ 2
Residential Mortgage | 30-89 days past due | Federal Housing Administration Loan
Financing Receivable, Modifications
Total			65		103
Residential Mortgage | 90 days or more past due | Federal Housing Administration Loan
Financing Receivable, Modifications
Total			163		242
Residential Mortgage | Residential mortgage loans
Financing Receivable, Modifications
Year One			3,081		4,008
Year Two			3,845		2,135
Year Three			1,701		834
Year Four			577		1,647
Year Five			1,236		2,312
Prior			5,540		4,831
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			15,980		15,767
Residential Mortgage | Residential mortgage loans | Performing
Financing Receivable, Modifications
Year One			3,081		4,007
Year Two			3,845		2,135
Year Three			1,701		832
Year Four			576		1,645
Year Five			1,233		2,309
Prior			5,495		4,779
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			15,931		15,707
Residential Mortgage | Residential mortgage loans | Performing | Current
Financing Receivable, Modifications
Year One			3,080		4,006
Year Two			3,840		2,128
Year Three			1,696		827
Year Four			574		1,635
Year Five			1,226		2,301
Prior			5,439		4,719
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			15,855		15,616
Residential Mortgage | Residential mortgage loans | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One			1		1
Year Two			2		1
Year Three			1		3
Year Four			0		3
Year Five			2		1
Prior			13		12
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			19		21
Residential Mortgage | Residential mortgage loans | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One			0		0
Year Two			3		6
Year Three			4		2
Year Four			2		7
Year Five			5		7
Prior			43		48
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			57		70
Residential Mortgage | Residential mortgage loans | Nonperforming
Financing Receivable, Modifications
Year One			0		1
Year Two			0		0
Year Three			0		2
Year Four			1		2
Year Five			3		3
Prior			45		52
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			49		60
Consumer
Financing Receivable, Modifications
Total			40,713		39,785
Consumer | Home equity
Financing Receivable, Modifications
Year One			1		11
Year Two			9		24
Year Three			18		30
Year Four			23		4
Year Five			3		2
Prior			148		168
Revolving Loans			4,334		4,933
Revolving Loans Converted to Term Loans			9		11
Total			4,545		5,183
Consumer | Home equity | Performing
Financing Receivable, Modifications
Year One			1		11
Year Two			9		24
Year Three			18		30
Year Four			23		4
Year Five			3		2
Prior			138		158
Revolving Loans			4,260		4,858
Revolving Loans Converted to Term Loans			8		10
Total			4,460		5,097
Consumer | Home equity | Performing | Current
Financing Receivable, Modifications
Year One			1		11
Year Two			9		24
Year Three			18		30
Year Four			23		4
Year Five			3		2
Prior			134		153
Revolving Loans			4,243		4,825
Revolving Loans Converted to Term Loans			8		10
Total			4,439		5,059
Consumer | Home equity | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One			0		0
Year Two			0		0
Year Three			0		0
Year Four			0		0
Year Five			0		0
Prior			3		3
Revolving Loans			17		33
Revolving Loans Converted to Term Loans			0		0
Total			20		36
Consumer | Home equity | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One			0		0
Year Two			0		0
Year Three			0		0
Year Four			0		0
Year Five			0		0
Prior			1		2
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			1		2
Consumer | Home equity | Nonperforming
Financing Receivable, Modifications
Year One			0		0
Year Two			0		0
Year Three			0		0
Year Four			0		0
Year Five			0		0
Prior			10		10
Revolving Loans			74		75
Revolving Loans Converted to Term Loans			1		1
Total			85		86
Consumer | Indirect secured consumer loans
Financing Receivable, Modifications
Year One			4,696		6,653
Year Two			5,315		3,800
Year Three			2,957		1,716
Year Four			1,275		882
Year Five			605		382
Prior			344		220
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			15,192		13,653
Consumer | Indirect secured consumer loans | Performing
Financing Receivable, Modifications
Year One			4,696		6,652
Year Two			5,286		3,795
Year Three			2,951		1,712
Year Four			1,268		879
Year Five			601		380
Prior			341		219
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			15,143		13,637
Consumer | Indirect secured consumer loans | Performing | Current
Financing Receivable, Modifications
Year One			4,691		6,626
Year Two			5,268		3,752
Year Three			2,930		1,678
Year Four			1,252		860
Year Five			593		372
Prior			337		214
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			15,071		13,502
Consumer | Indirect secured consumer loans | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One			5		25
Year Two			17		41
Year Three			20		31
Year Four			15		17
Year Five			7		7
Prior			4		4
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			68		125
Consumer | Indirect secured consumer loans | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One			0		1
Year Two			1		2
Year Three			1		3
Year Four			1		2
Year Five			1		1
Prior			0		1
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			4		10
Consumer | Indirect secured consumer loans | Nonperforming
Financing Receivable, Modifications
Year One			0		1
Year Two			29		5
Year Three			6		4
Year Four			7		3
Year Five			4		2
Prior			3		1
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			49		16
Consumer | Credit card
Financing Receivable, Modifications
Year One			0		0
Year Two			0		0
Year Three			0		0
Year Four			0		0
Year Five			0		0
Prior			0		0
Revolving Loans			1,793		2,007
Revolving Loans Converted to Term Loans			0		0
Total			1,793		2,007
Consumer | Credit card | Performing
Financing Receivable, Modifications
Year One			0		0
Year Two			0		0
Year Three			0		0
Year Four			0		0
Year Five			0		0
Prior			0		0
Revolving Loans			1,766		1,975
Revolving Loans Converted to Term Loans			0		0
Total			1,766		1,975
Consumer | Credit card | Performing | Current
Financing Receivable, Modifications
Year One			0		0
Year Two			0		0
Year Three			0		0
Year Four			0		0
Year Five			0		0
Prior			0		0
Revolving Loans			1,737		1,914
Revolving Loans Converted to Term Loans			0		0
Total			1,737		1,914
Consumer | Credit card | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One			0		0
Year Two			0		0
Year Three			0		0
Year Four			0		0
Year Five			0		0
Prior			0		0
Revolving Loans			15		30
Revolving Loans Converted to Term Loans			0		0
Total			15		30
Consumer | Credit card | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One			0		0
Year Two			0		0
Year Three			0		0
Year Four			0		0
Year Five			0		0
Prior			0		0
Revolving Loans			14		31
Revolving Loans Converted to Term Loans			0		0
Total			14		31
Consumer | Credit card | Nonperforming
Financing Receivable, Modifications
Year One			0		0
Year Two			0		0
Year Three			0		0
Year Four			0		0
Year Five			0		0
Prior			0		0
Revolving Loans			27		32
Revolving Loans Converted to Term Loans			0		0
Total			27		32
Consumer | Other consumer loans
Financing Receivable, Modifications
Year One			452		885
Year Two			705		553
Year Three			386		441
Year Four			373		180
Year Five			139		32
Prior			57		41
Revolving Loans			939		881
Revolving Loans Converted to Term Loans			1		1
Total			3,052		3,014
Consumer | Other consumer loans | Performing
Financing Receivable, Modifications
Year One			452		885
Year Two			704		553
Year Three			386		441
Year Four			373		180
Year Five			139		32
Prior			57		40
Revolving Loans			938		880
Revolving Loans Converted to Term Loans			1		1
Total			3,050		3,012
Consumer | Other consumer loans | Performing | Current
Financing Receivable, Modifications
Year One			451		883
Year Two			702		546
Year Three			382		437
Year Four			371		178
Year Five			138		32
Prior			57		40
Revolving Loans			936		878
Revolving Loans Converted to Term Loans			1		1
Total			3,038		2,995
Consumer | Other consumer loans | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One			1		2
Year Two			2		5
Year Three			3		4
Year Four			2		2
Year Five			1		0
Prior			0		0
Revolving Loans			2		2
Revolving Loans Converted to Term Loans			0		0
Total			11		15
Consumer | Other consumer loans | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One			0		0
Year Two			0		2
Year Three			1		0
Year Four			0		0
Year Five			0		0
Prior			0		0
Revolving Loans			0		0
Revolving Loans Converted to Term Loans			0		0
Total			1		2
Consumer | Other consumer loans | Nonperforming
Financing Receivable, Modifications
Year One			0		0
Year Two			1		0
Year Three			0		0
Year Four			0		0
Year Five			0		0
Prior			0		1
Revolving Loans			1		1
Revolving Loans Converted to Term Loans			0		0
Total			2		2
Residential Mortgage and Consumer
Financing Receivable, Modifications
Year One			8,230		11,557
Year Two			9,874		6,512
Year Three			5,062		3,021
Year Four			2,248		2,713
Year Five			1,983		2,728
Prior			6,089		5,260
Revolving Loans			7,066		7,821
Revolving Loans Converted to Term Loans			10		12
Total			40,562		39,624
Residential Mortgage and Consumer | Performing
Financing Receivable, Modifications
Year One			8,230		11,555
Year Two			9,844		6,507
Year Three			5,056		3,015
Year Four			2,240		2,708
Year Five			1,976		2,723
Prior			6,031		5,196
Revolving Loans			6,964		7,713
Revolving Loans Converted to Term Loans			9		11
Total			40,350		39,428
Residential Mortgage and Consumer | Performing | Current
Financing Receivable, Modifications
Year One			8,223		11,526
Year Two			9,819		6,450
Year Three			5,026		2,972
Year Four			2,220		2,677
Year Five			1,960		2,707
Prior			5,967		5,126
Revolving Loans			6,916		7,617
Revolving Loans Converted to Term Loans			9		11
Total			40,140		39,086
Residential Mortgage and Consumer | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One			7		28
Year Two			21		47
Year Three			24		38
Year Four			17		22
Year Five			10		8
Prior			20		19
Revolving Loans			34		65
Revolving Loans Converted to Term Loans			0		0
Total			133		227
Residential Mortgage and Consumer | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One			0		1
Year Two			4		10
Year Three			6		5
Year Four			3		9
Year Five			6		8
Prior			44		51
Revolving Loans			14		31
Revolving Loans Converted to Term Loans			0		0
Total			77		115
Residential Mortgage and Consumer | Nonperforming
Financing Receivable, Modifications
Year One			0		2
Year Two			30		5
Year Three			6		6
Year Four			8		5
Year Five			7		5
Prior			58		64
Revolving Loans			102		108
Revolving Loans Converted to Term Loans			1		1
Total			$ 212		$ 196
[1]	Includes $151 and $161 of residential mortgage loans measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[2]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.

Credit Quality and the Allowa_8

Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Amortized Cost Basis of the Bancorp's Collateral Dependent Loans (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Impaired
Total portfolio loans and leases	$ 770	$ 1,178
Commercial
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	629	1,018
Commercial | Commercial and industrial loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	539	810
Commercial | Commercial mortgage owner-occupied loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	35	101
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	29	82
Commercial | Commercial construction loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	18	19
Commercial | Commercial leases
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	8	6
Residential Mortgage
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	67	80
Consumer
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	74	80
Consumer | Home equity
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	65	71
Consumer | Indirect secured consumer loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	$ 9	$ 9

Credit Quality and the Allowa_9

Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Bancorp's Nonaccrual Loans and Leases by Class (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Financing Receivable, Modifications
With an ALLL		$ 351		$ 351		$ 382
No Related ALLL		306		306		482
Total		657		657		864
Loans and leases held for sale	[1]	5,730		5,730		4,741
Total portfolio loans and leases	[2],[3]	107,733		107,733		108,782
Nonperforming
Financing Receivable, Modifications
Loans and leases held for sale		13		13		5
Restructured loans held for sale		27		27		1
Nonperforming | Government Insured
Financing Receivable, Modifications
Total portfolio loans and leases		26		26		29
Restructured nonaccrual loans and leases		13		13		17
Commercial
Financing Receivable, Modifications
With an ALLL		221		221		274
No Related ALLL		188		188		364
Total		409		409		638
Interest Income Recognized		8	$ 3	18	$ 5
Total portfolio loans and leases		67,020		67,020		68,997
Commercial | Commercial and industrial loans
Financing Receivable, Modifications
With an ALLL		181		181		213
No Related ALLL		167		167		260
Total		348		348		473
Interest Income Recognized		4	3	9	4
Loans and leases held for sale		11		11		230
Total portfolio loans and leases		47,564		47,564		49,665
Commercial | Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
With an ALLL		11		11		20
No Related ALLL		17		17		60
Total		28		28		80
Interest Income Recognized		2	0	7	0
Total portfolio loans and leases		4,757		4,757		4,675
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
With an ALLL		23		23		34
No Related ALLL		1		1		43
Total		24		24		77
Interest Income Recognized		2	0	2	0
Total portfolio loans and leases		5,590		5,590		5,927
Commercial | Commercial construction loans
Financing Receivable, Modifications
With an ALLL		0		0		1
No Related ALLL		0		0		0
Total		0		0		1
Loans and leases held for sale		2		2		0
Total portfolio loans and leases		5,871		5,871		5,815
Commercial | Commercial leases
Financing Receivable, Modifications
With an ALLL		6		6		6
No Related ALLL		3		3		1
Total		9		9		7
Interest Income Recognized		0	0	0	1
Loans and leases held for sale		0		0		39
Total portfolio loans and leases		3,238		3,238		2,915
Residential Mortgage
Financing Receivable, Modifications
With an ALLL		3		3		11
No Related ALLL		46		46		49
Total		49		49		60
Interest Income Recognized		6	7	13	15
Consumer
Financing Receivable, Modifications
With an ALLL		127		127		97
No Related ALLL		36		36		39
Total		163		163		136
Interest Income Recognized		3	3	7	7
Total portfolio loans and leases		40,713		40,713		39,785
Consumer | Home equity
Financing Receivable, Modifications
With an ALLL		56		56		55
No Related ALLL		29		29		31
Total		85		85		86
Interest Income Recognized		2	2	4	5
Total portfolio loans and leases		4,545		4,545		5,183
Consumer | Home equity | Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		85		85		86
Consumer | Indirect secured consumer loans
Financing Receivable, Modifications
With an ALLL		42		42		8
No Related ALLL		7		7		8
Total		49		49		16
Interest Income Recognized		0	0	1	0
Total portfolio loans and leases		15,192		15,192		13,653
Consumer | Indirect secured consumer loans | Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		49		49		16
Consumer | Credit card
Financing Receivable, Modifications
With an ALLL		27		27		32
No Related ALLL		0		0		0
Total		27		27		32
Interest Income Recognized		1	1	2	2
Total portfolio loans and leases		1,793		1,793		2,007
Consumer | Credit card | Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		27		27		32
Consumer | Other consumer loans
Financing Receivable, Modifications
With an ALLL		2		2		2
No Related ALLL		0		0		0
Total		2		2		2
Total portfolio loans and leases		3,052		3,052		3,014
Consumer | Other consumer loans | Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		2		2		2
Nonaccrual Portfolio Loans and Leases
Financing Receivable, Modifications
With an ALLL		351		351		382
No Related ALLL		270		270		452
Total		621		621		834
Interest Income Recognized		17	$ 13	38	$ 27
OREO and Other Repossessed Assets
Financing Receivable, Modifications
With an ALLL		0		0		0
No Related ALLL		36		36		30
Total		$ 36		$ 36		$ 30
[1]	Includes $1,633 and $1,481 of residential mortgage loans held for sale measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[2]	Includes $151 and $161 of residential mortgage loans measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[3]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.

Credit Quality and the Allow_10

Credit Quality and the Allowance for Loan and Lease Losses - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Receivables [Abstract]
Mortgage loans in process of foreclosure amount	$ 118	$ 136
Line of credit commitments for modified troubled debt restructurings	41	67
Letter of credit commitments for modified troubled debt restructurings	$ 67	$ 72

Credit Quality and the Allow_11

Credit Quality and the Allowance for Loan and Lease Losses - Summary of Loans Modified in a TDR (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan	1,993	1,184	5,790	3,340
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 66	$ 174	$ 193	$ 294
Increase (Decrease) to ALLL Upon Modification	2	18	7	31
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Commercial | Commercial and industrial loans
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan	7	33	26	63
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 25	$ 107	$ 31	$ 176
Increase (Decrease) to ALLL Upon Modification	0	14	1	24
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Commercial | Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan		17	1	28
Amortized Cost Basis of Loans Modified in a TDR During the Period		$ 12	$ 4	$ 19
Increase (Decrease) to ALLL Upon Modification		0	0	0
Charge-offs Recognized Upon Modification		$ 0	$ 0	$ 0
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan		9	3	12
Amortized Cost Basis of Loans Modified in a TDR During the Period		$ 14	$ 25	$ 22
Increase (Decrease) to ALLL Upon Modification		0	0	0
Charge-offs Recognized Upon Modification		$ 0	$ 0	$ 0
Commercial | Commercial construction
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan		2		3
Amortized Cost Basis of Loans Modified in a TDR During the Period		$ 21		$ 21
Increase (Decrease) to ALLL Upon Modification		1		1
Charge-offs Recognized Upon Modification		$ 0		$ 0
Residential Mortgage
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan	124	109	302	293
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 23	$ 13	$ 59	$ 37
Increase (Decrease) to ALLL Upon Modification	1	1	2	1
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Consumer | Home equity
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan	39	21	97	42
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 2	$ 2	$ 5	$ 4
Increase (Decrease) to ALLL Upon Modification	0	0	(1)	(1)
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Consumer | Indirect secured consumer loans
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan	450	20	2,193	42
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 8	$ 0	$ 51	$ 0
Increase (Decrease) to ALLL Upon Modification	0	0	1	0
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Consumer | Credit card
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan	1,373	973	3,168	2,857
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 8	$ 5	$ 18	$ 15
Increase (Decrease) to ALLL Upon Modification	1	2	4	6
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0

Credit Quality and the Allow_12

Credit Quality and the Allowance for Loan and Lease Losses - Summary of Subsequent Defaults (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)contract	Jun. 30, 2020USD ($)contract	Jun. 30, 2021USD ($)contract	Jun. 30, 2020USD ($)contract
Financing Receivable, Modifications
Number of Contracts | contract	65	58	162	313
Amortized Cost | $	$ 2	$ 13	$ 34	$ 26
Commercial | Commercial and industrial loans
Financing Receivable, Modifications
Number of Contracts | contract	1	6	1	6
Amortized Cost | $	$ 0	$ 4	$ 0	$ 4
Commercial | Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
Number of Contracts | contract		5		7
Amortized Cost | $		$ 1		$ 2
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Number of Contracts | contract		1	1	2
Amortized Cost | $		$ 4	$ 25	$ 9
Residential Mortgage
Financing Receivable, Modifications
Number of Contracts | contract	16	25	51	72
Amortized Cost | $	$ 2	$ 4	$ 7	$ 10
Consumer | Home equity
Financing Receivable, Modifications
Number of Contracts | contract	5	2	17	3
Amortized Cost | $	$ 0	$ 0	$ 1	$ 0
Consumer | Indirect secured consumer loans
Financing Receivable, Modifications
Number of Contracts | contract	32	3	58	6
Amortized Cost | $	$ 0	$ 0	$ 1	$ 0
Consumer | Credit card
Financing Receivable, Modifications
Number of Contracts | contract	11	16	34	217
Amortized Cost | $	$ 0	$ 0	$ 0	$ 1

Bank Premises and Equipment - S

Bank Premises and Equipment - Summary of Bank Premises and Equipment (Details) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization		$ (3,141)	$ (3,072)
Total bank premises and equipment	[1]	2,073	2,088
Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross		2,348	2,302
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross		1,625	1,612
Land and and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross		641	636
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross		472	467
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross		103	108
Land and improvements held for sale
Property, Plant and Equipment [Line Items]
Property and equipment, gross		18	27
Buildings held for sale
Property, Plant and Equipment [Line Items]
Property and equipment, gross		7	8
Other property
Property, Plant and Equipment [Line Items]
Land improvements		$ 50	$ 46
[1]	Includes $25 and $35 of bank premises and equipment held for sale at June 30, 2021 and December 31, 2020, respectively.

Bank Premises and Equipment - A

Bank Premises and Equipment - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)branch	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)branch	Jun. 30, 2020USD ($)
Property, Plant and Equipment [Line Items]
Impairment losses on bank premises | $	$ 2	$ 12	$ 4	$ 14
Closed In 2021
Property, Plant and Equipment [Line Items]
Number of branches held for sale | branch	43		43

Operating Lease Equipment - Add

Operating Lease Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Leases [Abstract]
Operating lease equipment	$ 715		$ 715		$ 777
Accumulated depreciation	298		298		$ 290
Operating lease income	39	$ 39	78	$ 78
Depreciation expense	$ 31	$ 31	64	63
Operating lease payments received			80	80
Impairment losses of operating lease equipment			$ 25	$ 3

Operating Lease Equipment - Fut

Operating Lease Equipment - Future Lease Payments Receivable (Details) $ in Millions	Jun. 30, 2021USD ($)
Leases [Abstract]
Remainder of 2021	$ 73
2022	129
2023	102
2024	65
2025	42
2026	26
Thereafter	39
Total operating lease payments	$ 476

Lease Obligations - Lessee - Le

Lease Obligations - Lessee - Lease Assets and Lease Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 425	$ 423
Operating lease right-of-use assets [Extensible List]	Other assets	Other assets
Finance lease right-of-use assets	$ 144	$ 129
Finance lease, right-of-use assets [Extensible List]	Property and equipment	Property and equipment
Total right-of-use assets	$ 569	$ 552
Operating lease liabilities	$ 523	$ 527
Operating lease liabilities [Extensible List]	us-gaap:AccruedLiabilitiesMember	us-gaap:AccruedLiabilitiesMember
Finance lease liabilities	$ 146	$ 130
Finance lease liabilities [Extensible List]	Long-term debt	Long-term debt
Total lease liabilities	$ 669	$ 657
Operating lease right of use asset, accumulated amortization	169	152
Finance lease right of use asset, accumulated amortization	$ 38	$ 29

Lease Obligations - Lessee - _2

Lease Obligations - Lessee - Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Lease Cost [Line Items]
Total finance lease costs	$ 5	$ 2	$ 11	$ 4
Total operating lease costs	27	29	55	60
Total lease costs	32	31	66	64
Impairment losses and termination charges	2	3	2	5
Net occupancy and equipment expense
Lease Cost [Line Items]
Amortization of ROU assets	4	2	9	3
Interest on long-term debt
Lease Cost [Line Items]
Interest on lease liabilities	1	0	2	1
Net occupancy expense
Lease Cost [Line Items]
Operating lease cost	19	22	39	46
Short-term lease cost	0	0	1	1
Variable lease cost	8	7	16	14
Sublease income	$ 0	$ 0	$ (1)	$ (1)

Lease Obligations - Lessee - Un

Lease Obligations - Lessee - Undiscounted Cash Flows (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Operating Leases
Remainder of 2021	$ 44
2022	83
2023	76
2024	68
2025	60
2026	51
Thereafter	220
Total undiscounted cash flows	602
Less: Difference between undiscounted cash flows and discounted cash flows	79
Present value of lease liabilities	523	$ 527
Finance Leases
Remainder of 2021	9
2022	20
2023	18
2024	18
2025	12
2026	6
Thereafter	100
Total undiscounted cash flows	183
Less: Difference between undiscounted cash flows and discounted cash flows	37
Present value of lease liabilities	146	$ 130
Total
Remainder of 2021	53
2022	103
2023	94
2024	86
2025	72
2026	57
Thereafter	320
Total undiscounted cash flows	785
Less: Difference between undiscounted cash flows and discounted cash flows	116
Present value of lease liabilities	$ 669

Lease Obligations - Lessee - Ot

Lease Obligations - Lessee - Other Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Leases [Abstract]
Operating leases, weighted average remaining lease term	9 years 1 month 2 days		9 years 21 days
Finance leases, weighted average remaining lease term	14 years 5 months 1 day		12 years 11 months 4 days
Operating leases, weighted average discount rate	2.95%		3.05%
Finance leases, weighted average discount rate	2.58%		2.39%
Cash paid for amounts included in the measurement of lease liabilities:(a)
Operating cash flows from operating leases	$ 44	$ 47
Operating cash flows from finance leases	2	1
Financing cash flows from finance leases	9	2
Gains on sale-leaseback transactions	$ 2	$ 0

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 270	$ 273
Accumulated Amortization	(153)	(134)
Net Carrying Amount	117	139
Core deposit intangibles
Finite-Lived Intangible Assets
Gross Carrying Amount	229	229
Accumulated Amortization	(135)	(116)
Net Carrying Amount	94	113
Customer relationships
Finite-Lived Intangible Assets
Gross Carrying Amount	24	24
Accumulated Amortization	(6)	(5)
Net Carrying Amount	18	19
Operating leases
Finite-Lived Intangible Assets
Gross Carrying Amount	14	17
Accumulated Amortization	(11)	(12)
Net Carrying Amount	3	5
Other
Finite-Lived Intangible Assets
Gross Carrying Amount	3	3
Accumulated Amortization	(1)	(1)
Net Carrying Amount	$ 2	$ 2

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization expense	$ 10	$ 13	$ 22	$ 29

Intangible Assets - Estimated A

Intangible Assets - Estimated Amortization Expense (Details) $ in Millions	Jun. 30, 2021USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Remainder of 2021	$ 20
2022	33
2023	24
2024	16
2025	$ 9

Variable Interest Entities - Cl

Variable Interest Entities - Classifications of Consolidated VIE Assets, Liabilities and Noncontrolling Interest Included in the Bancorp's Consolidated Balance Sheets (Details) - USD ($) $ in Millions		Jun. 30, 2021		Mar. 31, 2021	Dec. 31, 2020		Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Assets
Other short-term Investments	[1]	$ 32,409			$ 33,399
ALLL		(2,033)	[1]	$ (2,208)	(2,453)	[1]	$ (2,696)	$ (2,348)	$ (1,202)
Other assets	[1]	11,210			10,749
Total Assets		205,390			204,680
Liabilities
Other liabilities	[1]	4,304			3,409
Long-term debt	[1]	12,364			14,973
Total Liabilities		182,464			181,569
Variable Interest Entity, Primary Beneficiary | Automobile loan
Assets
Other short-term Investments		33			55
Indirect secured consumer loans		455			756
ALLL		(3)			(7)
Other assets		3			5
Total Assets		488			809
Liabilities
Other liabilities		1			2
Long-term debt		400			656
Total Liabilities		$ 401			$ 658
[1]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.

Variable Interest Entities - As

Variable Interest Entities - Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Variable Interest Entity
Total Assets	$ 205,390	$ 204,680
Total Liabilities	182,464	181,569
CDC investments | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
Total Assets	1,668	1,546
Total Liabilities	519	478
Maximum Exposure	1,668	1,546
Private equity investments | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
Total Assets	117	117
Total Liabilities	0	0
Maximum Exposure	208	200
Loans provided to VIEs | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
Total Assets	2,872	2,420
Total Liabilities	0	0
Maximum Exposure	4,268	3,649
Lease pool entities | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
Total Assets	75	73
Total Liabilities	0	0
Maximum Exposure	$ 75	$ 73

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)investment	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)investment	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Variable Interest Entity
Assets	$ 205,390		$ 205,390		$ 204,680
LLCs designed for the purpose of purchasing pools of residual interests in leases
Variable Interest Entity
Number of co-investments | investment	3		3
Ownership percentage (more than)	50.00%		50.00%
Lower limit
Variable Interest Entity
Unfunded commitments, year expected to be funded			2021
Upper limit
Variable Interest Entity
Unfunded commitments, year expected to be funded			2039
Variable Interest Entity, Not Primary Beneficiary | Loans provided to VIEs
Variable Interest Entity
Unfunded commitment amounts			$ 1,400		1,200
Variable Interest Entity, Not Primary Beneficiary | CDC investments
Variable Interest Entity
Assets	$ 1,668		1,668		1,546
Variable Interest Entity, Not Primary Beneficiary | CDC investments | Qualified Affordable Housing Tax Credits
Variable Interest Entity
Assets	1,400		1,400		1,300
Unfunded commitments in qualifying LIHTC investments	514		514		478
Variable Interest Entity, Not Primary Beneficiary | Private equity investments
Variable Interest Entity
Assets	117		117		117
Unfunded commitment amounts			91		$ 83
Capital contribution to private equity investments	$ 6	$ 1	$ 7	$ 5

Variable Interest Entities - In

Variable Interest Entities - Investments in Qualified Affordable Housing Tax Credits (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Affordable Housing Investments
Variable Interest Entity [Line Items]
Impairment losses	$ 0	$ 0	$ 0	$ 0
Applicable income tax expense
Variable Interest Entity [Line Items]
Proportional amortization	43,000,000	27,000,000	87,000,000	32,000,000
Tax credits and other benefits	$ (50,000,000)	$ (32,000,000)	$ (101,000,000)	$ (37,000,000)

Sales of Receivables and Serv_3

Sales of Receivables and Servicing Rights - Activity Related to Mortgage Banking Net Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Transfers and Servicing [Abstract]
Residential mortgage loan sales	$ 4,416	$ 3,063	$ 7,626	$ 6,018
Origination fees and gains on loan sales	81	95	170	176
Gross mortgage servicing fees	$ 59	$ 63	$ 117	$ 130

Sales of Receivables and Serv_4

Sales of Receivables and Servicing Rights - Changes in the Servicing Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance, beginning of period			$ 656	$ 993
Servicing rights originated			103	101
Servicing rights purchased			109	30
Changes in fair value: Due to changes in inputs or assumptions	$ (49)	$ (12)	103	(343)
Changes in fair value: Other changes in fair value			(153)	(105)
Balance, end of period	$ 818	$ 676	$ 818	$ 676

Sales of Receivables and Serv_5

Sales of Receivables and Servicing Rights - Activity Related to the MSR Portfolio (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Transfers and Servicing of Financial Assets [Abstract]
Securities (losses) gains, net – non-qualifying hedges on mortgage servicing rights	$ 1	$ 0	$ (1)	$ 3
Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio	46	11	(88)	361
MSR fair value adjustments due to changes in inputs or assumptions	$ (49)	$ (12)	$ 103	$ (343)

Sales of Receivables and Serv_6

Sales of Receivables and Servicing Rights - Servicing Rights and Residual Interests Economic Assumptions (Details) - bps	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Fixed Rate Residential Mortgage
Schedule of Servicing Assets at Amortized Value
Weighted- Average Life (in years)	5 years 10 months 24 days	5 years 9 months 18 days
Prepayment Speed Assumption, Rate (as a percent)	12.30%	12.40%
OAS Speed Assumption, OAS (bps)	610	777
Adjustable Rate Residential Mortgage
Schedule of Servicing Assets at Amortized Value
Weighted- Average Life (in years)	0 years	3 years
Prepayment Speed Assumption, Rate (as a percent)	0.00%	27.10%
OAS Speed Assumption, OAS (bps)	0	725

Sales of Receivables and Serv_7

Sales of Receivables and Servicing Rights - Additional Information (Details) - USD ($) $ in Billions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Transfers and Servicing [Abstract]
Servicing of residential mortgage loans for other investors	$ 71.5	$ 68.8

Sales of Receivables and Serv_8

Sales of Receivables and Servicing Rights - Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)bps
Fixed Rate Residential Mortgage
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption
Fair Value	$ 812
Weighted- Average Life (in years)	5 years
Prepayment Speed Assumption, Rate (as a percent)	14.50%
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 10%	$ (29)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 20%	(55)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 50%	$ (125)
OAS Speed Assumption, OAS (bps) | bps	542
OAS Spread Assumption, Impact of Adverse Change on Fair Value 10%	$ (16)
OAS Spread Assumption, Impact of Adverse Change on Fair Value 20%	(32)
Adjustable Rate Residential Mortgage
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption
Fair Value	$ 6
Weighted- Average Life (in years)	3 years 8 months 12 days
Prepayment Speed Assumption, Rate (as a percent)	21.60%
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 10%	$ 0
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 20%	(1)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 50%	$ (2)
OAS Speed Assumption, OAS (bps) | bps	978
OAS Spread Assumption, Impact of Adverse Change on Fair Value 10%	$ 0
OAS Spread Assumption, Impact of Adverse Change on Fair Value 20%	$ 0

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Derivative
Amount of variation margin payment applied to derivative asset contracts	$ 898,000,000		$ 898,000,000		$ 1,100,000,000
Valuation adjustments related to the credit risk associated with counterparties of customer accommodation derivative contracts	26,000,000		26,000,000		42,000,000
Derivatives	354,000,000		354,000,000		230,000,000
Amount of variation margin payment applied to derivative liability contracts	768,000,000		768,000,000		1,100,000,000
Gain or losses reclassified from AOCI into earnings associated with the discontinuance of cash flow hedges	0	$ 0	0	$ 0
Notional amount of the risk participations agreements	3,448,000,000		3,448,000,000		3,396,000,000
Interest rate contracts | Credit Risk
Derivative
Fair value of risk participation agreements	8,000,000		$ 8,000,000		8,000,000
Weighted-average remaining life			3 years 2 months 12 days
Cash Flow Hedging | Interest rate contracts
Derivative
Maximum length of time of hedging exposure			42 months
Deferred gains, net of tax, on cash flow hedges recorded in accumulated other comprehensive income	548,000,000		$ 548,000,000		718,000,000
Net deferred gains or losses, net of tax, recorded in AOCI are expected to be reclassified into earnings	213,000,000		213,000,000
Total collateral
Derivative
Derivatives	1,100,000,000		1,100,000,000		1,000,000,000
Derivatives	$ 1,100,000,000		$ 1,100,000,000		$ 463,000,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Notional Amounts and Fair Values for All Derivative Instruments Included in the Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value
Derivative Assets	$ 3,208	$ 2,919
Derivative Liabilities	1,907	1,072
Amount of variation margin payment applied to derivative asset contracts	898	1,100
Amount of variation margin payment applied to derivative liability contracts	768	1,100
Designated as Hedging Instrument | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges
Derivatives, Fair Value
Derivative Assets	612	788
Derivative Liabilities	1	2
Designated as Hedging Instrument | Fair Value Hedging | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges
Derivatives, Fair Value
Derivative Assets	429	528
Derivative Liabilities	0	0
Designated as Hedging Instrument | Fair Value Hedging | Interest rate swap | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Long-term debt
Derivatives, Fair Value
Notional Amount	1,455	1,955
Derivative Assets	429	528
Derivative Liabilities	0	0
Designated as Hedging Instrument | Cash Flow Hedging | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges
Derivatives, Fair Value
Derivative Assets	183	260
Derivative Liabilities	1	2
Designated as Hedging Instrument | Cash Flow Hedging | Interest rate swap | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Commercial and industrial
Derivatives, Fair Value
Notional Amount	8,000	8,000
Derivative Assets	0	16
Derivative Liabilities	1	2
Designated as Hedging Instrument | Cash Flow Hedging | Interest rate floor | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Commercial and industrial
Derivatives, Fair Value
Notional Amount	3,000	3,000
Derivative Assets	183	244
Derivative Liabilities	0	0
Not Designated as Hedging Instrument
Derivatives, Fair Value
Derivative Assets	2,596	2,131
Derivative Liabilities	1,906	1,070
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes
Derivatives, Fair Value
Derivative Assets	157	206
Derivative Liabilities	226	222
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Interest rate contracts related to MSR portfolio
Derivatives, Fair Value
Notional Amount	6,310	6,910
Derivative Assets	146	202
Derivative Liabilities	0	1
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Forward contracts related to residential mortgage loans held for sale | Loans held for sale
Derivatives, Fair Value
Notional Amount	3,395	2,903
Derivative Assets	1	1
Derivative Liabilities	8	16
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Swap
Derivatives, Fair Value
Notional Amount	3,836	3,588
Derivative Assets	0	0
Derivative Liabilities	213	201
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Foreign exchange contracts
Derivatives, Fair Value
Notional Amount	208	204
Derivative Assets	5	0
Derivative Liabilities	0	3
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Interest rate contracts for collateral management
Derivatives, Fair Value
Notional Amount	12,000	12,000
Derivative Assets	5	3
Derivative Liabilities	5	1
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Interest rate contracts for LIBOR transition
Derivatives, Fair Value
Notional Amount	2,372	2,372
Derivative Assets	0	0
Derivative Liabilities	0	0
Not Designated as Hedging Instrument | Customer Accommodation
Derivatives, Fair Value
Derivative Assets	2,439	1,925
Derivative Liabilities	1,680	848
Not Designated as Hedging Instrument | Customer Accommodation | Foreign exchange contracts
Derivatives, Fair Value
Notional Amount	19,778	14,587
Derivative Assets	281	255
Derivative Liabilities	246	224
Not Designated as Hedging Instrument | Customer Accommodation | Interest rate contracts
Derivatives, Fair Value
Notional Amount	80,338	77,806
Derivative Assets	879	1,238
Derivative Liabilities	225	265
Amount of variation margin payment applied to derivative asset contracts	52	47
Amount of variation margin payment applied to derivative liability contracts	734	1,063
Not Designated as Hedging Instrument | Customer Accommodation | Interest rate lock commitments
Derivatives, Fair Value
Notional Amount	1,865	1,830
Derivative Assets	39	57
Derivative Liabilities	0	0
Not Designated as Hedging Instrument | Customer Accommodation | Commodity contracts
Derivatives, Fair Value
Notional Amount	10,369	7,762
Derivative Assets	1,240	375
Derivative Liabilities	1,209	$ 359
Not Designated as Hedging Instrument | Customer Accommodation | TBA securities
Derivatives, Fair Value
Notional Amount	92
Derivative Assets	0
Derivative Liabilities	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Change in the Fair Value for Interest Rate Contracts and the Related Hedged Items (Details) - Fair Value Hedging - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Long-term debt
Derivatives, Fair Value
Carrying amount of the hedged items	$ 1,879		$ 1,879		$ 2,478
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items	435		435		$ 534
Interest rate contracts | Interest on long-term debt
Derivatives, Fair Value
Change in fair value of interest rate swaps hedging long- term debt	46	$ (1)	(99)	$ 226
Change in fair value of hedged long-term debt attributable to the risk being hedged	$ (46)	$ 2	$ 99	$ (225)

Derivative Financial Instrume_6

Derivative Financial Instruments - Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges (Details) - Cash Flow Hedging - Interest Income (Expense) Net - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pre-tax net (losses) gains recognized in OCI	$ 11	$ 83	$ (70)	$ 624
Amount of pre-tax net gains reclassified from OCI into net income	$ 73	$ 62	$ 146	$ 94

Derivative Financial Instrume_7

Derivative Financial Instruments - Net Gains (Losses) Recorded in the Condensed Consolidated Statements of Income Relating to Free-Standing Derivative Instruments Used for Risk Management and Other Business Purposes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ 46	$ 11	$ (88)	$ 361
Forward contracts related to residential mortgage loans held for sale | Mortgage banking net revenue | Residential mortgages held for sale
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(58)	47	9	(11)
Interest rate contracts | Mortgage banking net revenue | MSR portfolio
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	46	11	(88)	361
Foreign exchange contracts | Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(3)	(6)	(5)	8
Equity contracts | Other noninterest income | Swap
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ (37)	$ (29)	$ (50)	$ (51)

Derivative Financial Instrume_8

Derivative Financial Instruments - Risk Ratings of the Notional Amount of Risk Participation Agreements (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value
Notional amount of the risk participations agreements	$ 3,448	$ 3,396
Pass
Derivatives, Fair Value
Notional amount of the risk participations agreements	3,385	3,231
Special mention
Derivatives, Fair Value
Notional amount of the risk participations agreements	14	113
Substandard
Derivatives, Fair Value
Notional amount of the risk participations agreements	$ 49	$ 52

Derivative Financial Instrume_9

Derivative Financial Instruments - Net Gains (Losses) Recorded in the Consolidated Statements of Income Relating to Free-Standing Derivative Instruments Used For Customer Accommodation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ 46	$ 11	$ (88)	$ 361
Interest rate contracts | Contract revenue | Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	12	12	19	26
Interest rate contracts | Credit portion of fair value adjustment | Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	1	(1)	16	(34)
Interest rate contracts | Interest rate lock commitments | Mortgage banking net revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	57	82	89	182
Commodity contracts | Contract revenue | Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	6	4	11	7
Commodity contracts | Credit portion of fair value adjustment | Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(1)	0	0	(1)
Commodity contracts | Credit losses | Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	0	(1)	0	(1)
Foreign exchange contracts | Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(3)	(6)	(5)	8
Foreign exchange contracts | Contract revenue | Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	16	14	30	26
Foreign exchange contracts | Contract revenue | Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(2)	(3)	(1)	3
Foreign exchange contracts | Credit portion of fair value adjustment | Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ 0	$ 1	$ 0	$ (1)

Derivative Financial Instrum_10

Derivative Financial Instruments - Offsetting Derivative Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivative assets
Gross Amount Recognized in the Condensed Consolidated Balance Sheets	$ 3,169	$ 2,862
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Derivatives	(742)	(621)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral	(632)	(755)
Net Amount	1,795	1,486
Derivative liabilities
Gross Amount Recognized in the Condensed Consolidated Balance Sheets	1,907	1,072
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Derivatives	(742)	(621)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral	(811)	(221)
Net Amount	$ 354	$ 230

Other Short-Term Borrowings (De

Other Short-Term Borrowings (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Short-term Debt [Abstract]
Securities sold under repurchase agreements	$ 533	$ 679
Derivative collateral	596	474
Other secured borrowings	1	39
Other short-term borrowings	$ 1,130	$ 1,192

Capital Actions (Details)

Capital Actions (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Accelerated Share Repurchases [Line Items]
Value of shares repurchased	$ 347	$ 527
January 26, 2021 ASR
Accelerated Share Repurchases [Line Items]
Value of shares repurchased		$ 180
Shares Repurchased on Repurchase Date		4,951,456
Shares Received from Forward Contract Settlement		366,939
Total Shares Repurchased		5,318,395
April 23, 2021 ASR
Accelerated Share Repurchases [Line Items]
Value of shares repurchased		$ 347
Shares Repurchased on Repurchase Date		7,894,807
Shares Received from Forward Contract Settlement		675,295
Total Shares Repurchased		8,570,102

Commitments, Contingent Liabi_3

Commitments, Contingent Liabilities and Guarantees - Summary of Significant Commitments (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Commitments to extend credit
Long-term Purchase Commitment
Commitments	$ 77,081	$ 74,499
Forward contracts related to residential mortgage loans held for sale
Long-term Purchase Commitment
Commitments	3,395	2,903
Letters of credit
Long-term Purchase Commitment
Commitments	1,858	1,982
Purchase obligations
Long-term Purchase Commitment
Commitments	161	195
Capital expenditures
Long-term Purchase Commitment
Commitments	93	75
Capital commitments for private equity investments
Long-term Purchase Commitment
Commitments	$ 91	$ 83

Commitments, Contingent Liabi_4

Commitments, Contingent Liabilities and Guarantees - Additional Information (Details) - USD ($) shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Sep. 30, 2019	Jun. 30, 2018	Sep. 30, 2014	Sep. 30, 2012	Mar. 31, 2012	Jun. 30, 2011	Dec. 31, 2010	Jun. 30, 2010	Dec. 31, 2008
Loss Contingencies
Margin account balance held by the brokerage clearing agent	$ 27,000,000		$ 27,000,000		$ 14,000,000
Visa
Loss Contingencies
Fair value of liability	213,000,000		213,000,000		201,000,000
Visa IPO, shares of Visa's Class B common stock received														10.1
Visa Class B shares carryover basis														$ 0
Escrow deposit						$ 300,000,000	$ 600,000,000	$ 450,000,000	$ 150,000,000	$ 1,565,000,000	$ 400,000,000	$ 800,000,000	$ 500,000,000	$ 3,000,000,000
Residential mortgage loans
Loss Contingencies
Fair value of liability	11,000,000		11,000,000
Repurchased outstanding principal	9,000,000	$ 7,000,000	19,000,000	$ 13,000,000
Make-whole payments			1,000,000
Repurchase demand request	18,000,000	$ 9,000,000	28,000,000	$ 19,000,000
Outstanding repurchase demand inventory	11,000,000		11,000,000		5,000,000
Secured Debt
Loss Contingencies
Fully and unconditionally guaranteed certain long-term borrowing obligations issued by wholly-owned issuing trust entities	62,000,000		62,000,000		62,000,000
Standby Letters of Credit
Loss Contingencies
Reserve for unfunded commitments	$ 25,000,000		$ 25,000,000		$ 27,000,000
Standby letters of credit as a percentage of total letters of credit	99.00%		99.00%		99.00%
Standby Letters of Credit | Secured Debt
Loss Contingencies
Standby letters of credit as a percentage of total letters of credit	72.00%		72.00%		68.00%
Variable Rate Demand Note
Loss Contingencies
Total variable rate demand notes	$ 485,000,000		$ 485,000,000		$ 385,000,000
Fifth Third Securities, Inc. (FTS) acted as the remarketing agent to issuers of VRDNs	485,000,000		485,000,000		385,000,000
Letters of credit issued related to variable rate demand notes	138,000,000		138,000,000		142,000,000
Variable Rate Demand Note | Trading Securities
Loss Contingencies
Total variable rate demand notes	0		0		0
Other Liabilities
Loss Contingencies
Reserve for unfunded commitments	189,000,000		189,000,000		172,000,000
Other Liabilities | Residential mortgage loans
Loss Contingencies
Outstanding balances on residential mortgage loans sold with representation and warranty provisions	$ 9,000,000		$ 9,000,000		$ 8,000,000

Commitments, Contingent Liabi_5

Commitments, Contingent Liabilities and Guarantees - Risk Rating Under the Risk Rating System (Details) - Commitments to extend credit - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Line of Credit Facility
Commitments	$ 77,081	$ 74,499
Pass
Line of Credit Facility
Commitments	74,230	71,386
Special mention
Line of Credit Facility
Commitments	1,468	2,049
Substandard
Line of Credit Facility
Commitments	1,383	1,063
Doubtful
Line of Credit Facility
Commitments	$ 0	$ 1

Commitments, Contingent Liabi_6

Commitments, Contingent Liabilities and Guarantees - Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party (Details) - Letters of credit $ in Millions	Jun. 30, 2021USD ($)
Line of Credit Facility
Commitments	$ 1,858
Less than 1 year
Line of Credit Facility
Commitments	999
Less than 1 year | Commercial
Line of Credit Facility
Commitments	14
1 - 5 years
Line of Credit Facility
Commitments	856
1 - 5 years | Commercial
Line of Credit Facility
Commitments	3
Over 5 years
Line of Credit Facility
Commitments	$ 3

Commitments, Contingent Liabi_7

Commitments, Contingent Liabilities and Guarantees - Letters of Credit (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	$ 1,858	$ 1,982
Pass
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	1,632	1,739
Special mention
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	66	111
Substandard
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	$ 160	$ 132

Commitments, Contingent Liabi_8

Commitments, Contingent Liabilities and Guarantees - Visa Funding and Bancorp Cash Payments (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2018	Sep. 30, 2014	Sep. 30, 2012	Mar. 31, 2012	Jun. 30, 2011	Dec. 31, 2010	Jun. 30, 2010	Dec. 31, 2008
Visa Funding
Loss Contingencies
Escrow Deposit	$ 300	$ 600	$ 450	$ 150	$ 1,565	$ 400	$ 800	$ 500	$ 3,000
Bancorp Cash Payment
Loss Contingencies
Cash Payment Amount	$ 12	$ 26	$ 18	$ 6	$ 75	$ 19	$ 35	$ 20

Legal and Regulatory Proceedi_2

Legal and Regulatory Proceedings (Details) $ in Millions	May 28, 2019USD ($)	Sep. 17, 2018USD ($)	Mar. 27, 2017USD ($)merchant	Aug. 31, 2015USD ($)	Dec. 31, 2013class_action	Jun. 30, 2021USD ($)	Sep. 30, 2020class_action	Apr. 07, 2020class_action	Dec. 18, 2019claim	Aug. 03, 2012
Loss Contingencies
Apr percentage allegedly misleading										120.00%
Number of putative class actions filed | class_action					4
Damages sought	$ 280
Amount in excess of amounts reserved						$ 49
Shareholder Litigation, Lee Christakis
Loss Contingencies
Number of pending claims | class_action								2
Shareholder Derivative Lawsuit
Loss Contingencies
Number of pending claims | class_action							4
Helton v Fifth Third Bank
Loss Contingencies
Damages sought				$ 800
Number of pending claims | claim									1
Class Action Settlement
Loss Contingencies
Escrow deposit			$ 46
Number of merchants requesting exclusion | merchant			8,000
Percentage escrow funds returned defendants			25.00%
Total payment by all defendants		$ 6,240
Amount awarded to other party, escrow		5,340
Amount awarded to other party, additional		900
Escrow funds returned to defendants		$ 700
Federal Lawsuits
Loss Contingencies
Number of merchants requesting exclusion | merchant			500

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Applicable income tax expense	$ 202	$ 49	$ 391	$ 61
Effective income tax rate	22.10%	19.90%	21.80%	20.40%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Activity in AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), pre-tax activity	$ 239	$ 624	$ (813)	$ 2,290
Other comprehensive income (loss), tax effect	(57)	(150)	186	(531)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	22,595	21,873	23,111	21,203
Other comprehensive (loss) income, net of tax	182	474	(627)	1,759
Ending Balance	22,926	22,335	22,926	22,335
Available-for-sale debt securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity	306	602	(609)	1,757
Other comprehensive income (loss), before reclassifications, tax effect	(71)	(146)	143	(419)
Other comprehensive income (loss), before reclassifications, net activity	235	456	(466)	1,338
Reclassification adjustment, pre-tax activity	(7)		9
Reclassification adjustment, tax effect	2		(2)
Reclassification adjustment, net activity	(5)		7
Other comprehensive income (loss), pre-tax activity	299	602	(600)	1,757
Other comprehensive income (loss), tax effect	(69)	(146)	141	(419)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	1,242	1,694	1,931	812
Other comprehensive (loss) income, net of tax	230	456	(459)	1,338
Ending Balance	1,472	2,150	1,472	2,150
Cash flow hedge derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity	11	83	(70)	624
Other comprehensive income (loss), before reclassifications, tax effect	(2)	(17)	15	(131)
Other comprehensive income (loss), before reclassifications, net activity	9	66	(55)	493
Reclassification adjustment, pre-tax activity	(73)	(62)	(146)	(94)
Reclassification adjustment, tax effect	15	13	31	20
Reclassification adjustment, net activity	(58)	(49)	(115)	(74)
Other comprehensive income (loss), pre-tax activity	(62)	21	(216)	530
Other comprehensive income (loss), tax effect	13	(4)	46	(111)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	597	824	718	422
Other comprehensive (loss) income, net of tax	(49)	17	(170)	419
Ending Balance	548	841	548	841
Defined benefit pension plans, net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity	(1)		(1)
Other comprehensive income (loss), before reclassifications, tax effect	0		0
Other comprehensive income (loss), before reclassifications, net activity	(1)		(1)
Reclassification adjustment, pre-tax activity	3	1	4	3
Reclassification adjustment, tax effect	(1)	0	(1)	(1)
Reclassification adjustment, net activity	2	1	3	2
Other comprehensive income (loss), pre-tax activity	2	1	3	3
Other comprehensive income (loss), tax effect	(1)	0	(1)	(1)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(43)	(41)	(44)	(42)
Other comprehensive (loss) income, net of tax	1	1	2	2
Ending Balance	(42)	(40)	(42)	(40)
Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), pre-tax activity	0		0
Other comprehensive income (loss), tax effect	0		0
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(4)		(4)
Other comprehensive (loss) income, net of tax	0		0
Ending Balance	(4)		(4)
AOCI
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	1,792	2,477	2,601	1,192
Ending Balance	$ 1,974	$ 2,951	$ 1,974	$ 2,951

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Reclassification Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Securities gains (losses), net	$ 10	$ 21	$ 13	$ (3)
Interest and fees on loans and leases	1,035	1,115	2,064	2,350
Compensation and benefits	638	627	1,343	1,274
Income before income taxes	911	244	1,794	304
Applicable income tax expense	(202)	(49)	(391)	(61)
Net income	709	195	1,403	243
Reclassification out of AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net income	61	48	105	72
Reclassification out of AOCI | Net unrealized gains on available-for-sale debt securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Securities gains (losses), net	7	0	(9)	0
Income before income taxes	7	0	(9)	0
Applicable income tax expense	(2)	0	2	0
Net income	5	0	(7)	0
Reclassification out of AOCI | Net unrealized gains on cash flow hedge
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest and fees on loans and leases	73	62	146	94
Income before income taxes	73	62	146	94
Applicable income tax expense	(15)	(13)	(31)	(20)
Net income	58	49	115	74
Reclassification out of AOCI | Net periodic benefit costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Compensation and benefits	(2)	(1)	(3)	(3)
Income before income taxes	(3)	(1)	(4)	(3)
Applicable income tax expense	1	0	1	1
Net income	(2)	(1)	(3)	(2)
Reclassification out of AOCI | Settlements
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Compensation and benefits	$ (1)	$ 0	$ (1)	$ 0

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share:
Net income available to common shareholders	$ 674	$ 163	$ 1,348	$ 193
Less: Income allocated to participating securities	1	1	4	2
Net income allocated to common shareholders	$ 673	$ 162	$ 1,344	$ 191
Average shares	708,832,787	714,766,570	711,617,331	714,161,131
Earnings per share (in dollars per share)	$ 0.95	$ 0.23	$ 1.89	$ 0.27
Earnings Per Diluted Share:
Net income available to common shareholders	$ 674	$ 163	$ 1,348	$ 193
Stock-based awards	0	0	0	0
Less: Income allocated to participating securities	1	1	4	2
Net income allocated to common shareholders	$ 673	$ 162	$ 1,344	$ 191
Average shares, stock based awards	9,000,000	3,000,000	9,000,000	5,000,000
Average shares	718,084,745	717,571,890	720,740,176	718,967,293
Earnings per diluted share (in dollars per share)	$ 0.94	$ 0.23	$ 1.87	$ 0.27

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Earnings Per Share [Abstract]
Anti-dilutive securities	12	9

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Assets:
Available-for-sale debt and other securities	[1]	$ 38,012	$ 37,513
Equity securities		341	313
Derivative assets		3,169	2,862
Liabilities:
Derivative liabilities		1,907	1,072
Residential Mortgage
Assets:
Residential mortgage loans		151	161	$ 185
U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		107	78
Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		18	17
Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		3,785	3,176
Other securities
Assets:
Available-for-sale debt and other securities		520	524
Liabilities:
FHLB, restricted stock holdings		33	40
FRB, restricted stock holdings		485	482
DTCC, restricted stock holdings		2	2
Level 3 | Interest rate contracts
Assets:
Derivative assets		39		98
Liabilities:
Derivative liabilities		8		$ 9
Recurring
Assets:
Available-for-sale debt and other securities		37,492	36,989
Trading debt securities		711	560
Equity securities		341	313
Residential mortgage loans held for sale		1,633	1,481
Derivative assets		3,208	2,919
Total assets		44,354	43,079
Liabilities:
Derivative liabilities		1,907	1,072
Short positions		527	455
Total liabilities		2,434	1,527
Recurring | Interest rate contracts
Assets:
Derivative assets		1,682	2,289
Liabilities:
Derivative liabilities		239	285
Recurring | Foreign exchange contracts
Assets:
Derivative assets		286	255
Liabilities:
Derivative liabilities		246	227
Recurring | Equity contracts
Liabilities:
Derivative liabilities		213	201
Recurring | Commodity contracts
Assets:
Derivative assets		1,240	375
Liabilities:
Derivative liabilities		1,209	359
Recurring | Servicing rights
Assets:
Servicing rights		818	656
Recurring | Residential Mortgage
Assets:
Residential mortgage loans		151	161
Recurring | U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		107	78
Trading debt securities		96	81
Liabilities:
Short positions		110	63
Recurring | Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		18	17
Trading debt securities		63	10
Recurring | Agency mortgage-backed securities | Residential Mortgage
Assets:
Available-for-sale debt and other securities		10,809	11,907
Trading debt securities		69	30
Recurring | Agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		19,294	18,221
Recurring | Non-agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		3,479	3,590
Recurring | Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		3,785	3,176
Trading debt securities		483	439
Liabilities:
Short positions		417	392
Recurring | Level 1
Assets:
Available-for-sale debt and other securities		107	78
Trading debt securities		96	81
Equity securities		329	293
Residential mortgage loans held for sale		0	0
Derivative assets		28	25
Total assets		560	477
Liabilities:
Derivative liabilities		405	71
Short positions		110	63
Total liabilities		515	134
Recurring | Level 1 | Interest rate contracts
Assets:
Derivative assets		1	1
Liabilities:
Derivative liabilities		8	16
Recurring | Level 1 | Foreign exchange contracts
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring | Level 1 | Equity contracts
Liabilities:
Derivative liabilities		0	0
Recurring | Level 1 | Commodity contracts
Assets:
Derivative assets		27	24
Liabilities:
Derivative liabilities		397	55
Recurring | Level 1 | Servicing rights
Assets:
Servicing rights		0	0
Recurring | Level 1 | Residential Mortgage
Assets:
Residential mortgage loans		0	0
Recurring | Level 1 | U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		107	78
Trading debt securities		96	81
Liabilities:
Short positions		110	63
Recurring | Level 1 | Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Recurring | Level 1 | Agency mortgage-backed securities | Residential Mortgage
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Recurring | Level 1 | Agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		0	0
Recurring | Level 1 | Non-agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		0	0
Recurring | Level 1 | Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Liabilities:
Short positions		0	0
Recurring | Level 2
Assets:
Available-for-sale debt and other securities		37,385	36,911
Trading debt securities		615	479
Equity securities		12	20
Residential mortgage loans held for sale		1,633	1,481
Derivative assets		3,141	2,833
Total assets		42,786	41,724
Liabilities:
Derivative liabilities		1,281	792
Short positions		417	392
Total liabilities		1,698	1,184
Recurring | Level 2 | Interest rate contracts
Assets:
Derivative assets		1,642	2,227
Liabilities:
Derivative liabilities		223	261
Recurring | Level 2 | Foreign exchange contracts
Assets:
Derivative assets		286	255
Liabilities:
Derivative liabilities		246	227
Recurring | Level 2 | Equity contracts
Liabilities:
Derivative liabilities		0	0
Recurring | Level 2 | Commodity contracts
Assets:
Derivative assets		1,213	351
Liabilities:
Derivative liabilities		812	304
Recurring | Level 2 | Servicing rights
Assets:
Servicing rights		0	0
Recurring | Level 2 | Residential Mortgage
Assets:
Residential mortgage loans		0	0
Recurring | Level 2 | U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Liabilities:
Short positions		0	0
Recurring | Level 2 | Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		18	17
Trading debt securities		63	10
Recurring | Level 2 | Agency mortgage-backed securities | Residential Mortgage
Assets:
Available-for-sale debt and other securities		10,809	11,907
Trading debt securities		69	30
Recurring | Level 2 | Agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		19,294	18,221
Recurring | Level 2 | Non-agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		3,479	3,590
Recurring | Level 2 | Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		3,785	3,176
Trading debt securities		483	439
Liabilities:
Short positions		417	392
Recurring | Level 3
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Equity securities		0	0
Residential mortgage loans held for sale		0	0
Derivative assets		39	61
Total assets		1,008	878
Liabilities:
Derivative liabilities		221	209
Short positions		0	0
Total liabilities		221	209
Recurring | Level 3 | Interest rate contracts
Assets:
Derivative assets		39	61
Liabilities:
Derivative liabilities		8	8
Recurring | Level 3 | Foreign exchange contracts
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring | Level 3 | Equity contracts
Liabilities:
Derivative liabilities		213	201
Recurring | Level 3 | Commodity contracts
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring | Level 3 | Servicing rights
Assets:
Servicing rights		818	656
Recurring | Level 3 | Residential Mortgage
Assets:
Residential mortgage loans		151	161
Recurring | Level 3 | U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Liabilities:
Short positions		0	0
Recurring | Level 3 | Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Recurring | Level 3 | Agency mortgage-backed securities | Residential Mortgage
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Recurring | Level 3 | Agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		0	0
Recurring | Level 3 | Non-agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		0	0
Recurring | Level 3 | Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Liabilities:
Short positions		$ 0	$ 0
[1]	Amortized cost of $36,081 and $34,982 at June 30, 2021 and December 31, 2020, respectively.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Net fair value of the interest rate lock commitments	$ 39		$ 39
Change in the fair value of the interest rate lock commitments, due to decrease in current interest rates of 25 bps	16		16
Change in the fair value of the interest rate lock commitments, due to decrease in current interest rates of 50 bps	29		29
Change in the fair value of the interest rate lock commitments, due to increase in current interest rates of 25 bps	18		18
Change in the fair value of the interest rate lock commitments, due to increase in current interest rates of 50 bps	37		37
Change in fair value of interest rate lock commitments, due to 10% adverse changes in the assumed loan closing rates	4		4
Change in fair value of interest rate lock commitments, due to 20% adverse changes in the assumed loan closing rates	8		8
Change in fair value of interest rate lock commitments, due to 10% favorable changes in the assumed loan closing rates	4		4
Change in fair value of interest rate lock commitments, due to 20% favorable changes in the assumed loan closing rates	8		8
Private equity, cumulative observable price change	70		70
Private equity, impairment		$ 0		$ 9
Private equity, cumulative impairment	21		21
Fair value of embedded derivatives	48		48
Loss on embedded derivatives	$ 8
Gain on embedded derivatives			1
Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value changes included in earnings for instruments for which the fair value option was elected			59	45
FVO valuation adjustments related to instrument-specific credit risk			1		$ 1
Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value adjustment		(1)		(4)
Fair value gains (losses)			1
Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value adjustment		$ (1)		(4)
Other Real Estate Owned | Transfer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value gains (losses)			$ (6)	$ (2)

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation
Derivative assets	$ 3,169,000,000		$ 3,169,000,000		$ 2,862,000,000
Derivative liabilities	1,907,000,000		1,907,000,000		$ 1,072,000,000
Unrealized gains or losses included in other comprehensive income for instruments still held	0	$ 0	0	$ 0
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	772,000,000	760,000,000	669,000,000	1,023,000,000
Total (losses) gains (realized/unrealized) included in earnings	(102,000,000)	(18,000,000)	(10,000,000)	(311,000,000)
Purchases/originations	156,000,000	66,000,000	211,000,000	135,000,000
Settlements	(49,000,000)	(63,000,000)	(103,000,000)	(109,000,000)
Transfers into Level 3	10,000,000	22,000,000	20,000,000	29,000,000
Balance, end of period	787,000,000	767,000,000	787,000,000	767,000,000
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	(56,000,000)	31,000,000	58,000,000	(287,000,000)
Interest rate contracts | Level 3
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation
Derivative assets	39,000,000	98,000,000	39,000,000	98,000,000
Derivative liabilities	8,000,000	9,000,000	8,000,000	9,000,000
Servicing Rights
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	784,000,000	685,000,000	656,000,000	993,000,000
Total (losses) gains (realized/unrealized) included in earnings	(122,000,000)	(70,000,000)	(50,000,000)	(448,000,000)
Purchases/originations	156,000,000	61,000,000	212,000,000	131,000,000
Settlements	0	0	0	0
Transfers into Level 3	0	0	0	0
Balance, end of period	818,000,000	676,000,000	818,000,000	676,000,000
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	(56,000,000)	(23,000,000)	69,000,000	(331,000,000)
Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	30,000,000	61,000,000	53,000,000	10,000,000
Total (losses) gains (realized/unrealized) included in earnings	57,000,000	83,000,000	91,000,000	186,000,000
Purchases/originations	0	5,000,000	(1,000,000)	4,000,000
Settlements	(56,000,000)	(60,000,000)	(112,000,000)	(111,000,000)
Transfers into Level 3	0	0	0	0
Balance, end of period	31,000,000	89,000,000	31,000,000	89,000,000
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	37,000,000	85,000,000	40,000,000	93,000,000
Equity Derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	(195,000,000)	(171,000,000)	(201,000,000)	(163,000,000)
Total (losses) gains (realized/unrealized) included in earnings	(37,000,000)	(29,000,000)	(50,000,000)	(51,000,000)
Purchases/originations	0	0	0	0
Settlements	19,000,000	17,000,000	38,000,000	31,000,000
Transfers into Level 3	0	0	0	0
Balance, end of period	(213,000,000)	(183,000,000)	(213,000,000)	(183,000,000)
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	(37,000,000)	(29,000,000)	(50,000,000)	(51,000,000)
Residential Mortgage Loans
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	153,000,000	185,000,000	161,000,000	183,000,000
Total (losses) gains (realized/unrealized) included in earnings	0	(2,000,000)	(1,000,000)	2,000,000
Purchases/originations	0	0	0	0
Settlements	(12,000,000)	(20,000,000)	(29,000,000)	(29,000,000)
Transfers into Level 3	10,000,000	22,000,000	20,000,000	29,000,000
Balance, end of period	151,000,000	185,000,000	151,000,000	185,000,000
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	$ 0	$ (2,000,000)	$ (1,000,000)	$ 2,000,000

Fair Value Measurements - Total

Fair Value Measurements - Total Gains and Losses Included in Earnings for Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Details) - Level 3 - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	$ (102)	$ (18)	$ (10)	$ (311)
Mortgage banking net revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	(66)	10	39	(261)
Commercial banking revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	1	1	1	1
Other noninterest income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	$ (37)	$ (29)	$ (50)	$ (51)

Fair Value Measurements - Tot_2

Fair Value Measurements - Total Gains and Losses Included in Earning Attributable to Changes in Unrealized Gains and Losses Related to Level 3 Assets and Liabilities Still Held at Year End (Details) - Level 3 - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	$ (56)	$ 31	$ 58	$ (287)
Mortgage banking net revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	(20)	59	107	(237)
Commercial banking revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	1	1	1	1
Other noninterest income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	$ (37)	$ (29)	$ (50)	$ (51)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable Level 3 Inputs Recurring Basis) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative assets	$ 3,169		$ 2,862
Derivative liabilities	(1,907)		(1,072)
Servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Servicing rights	$ 818	$ 676
Servicing rights | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	0.00%	0.50%
OAS Speed Assumption, OAS (bps)	406	536
Servicing rights | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	100.00%	99.60%
OAS Speed Assumption, OAS (bps)	1,587	1,386
Servicing rights | Fixed | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	14.50%	20.10%
OAS Speed Assumption, OAS (bps)	542	784
Servicing rights | Adjustable | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	21.60%	23.40%
OAS Speed Assumption, OAS (bps)	978	934
IRLCs, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative assets	$ 39	$ 91
IRLCs, net | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	10.00%	7.20%
IRLCs, net | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	97.20%	97.20%
IRLCs, net | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	76.50%	65.70%
Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative liabilities	$ (213)	$ (183)
Swap | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Timing of the resolution of the Covered Litigation	Mar. 31, 2023	Sep. 30, 2022
Swap | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Timing of the resolution of the Covered Litigation	Mar. 31, 2025	Jun. 30, 2024
Swap | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Timing of the resolution of the Covered Litigation	Dec. 31, 2023	Mar. 31, 2023
Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loans measured at FV	$ 151	$ 185	$ 161
Residential Mortgage | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	(9.20%)	(7.40%)
Credit risk factor	0.00%	0.00%
Residential Mortgage | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	9.00%	11.60%
Credit risk factor	24.80%	26.40%
Residential Mortgage | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	1.10%	0.70%
Credit risk factor	0.50%	0.40%

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 503	$ 921	$ 503	$ 921
Total (Losses) Gains	(39)	(130)	(77)	(225)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	1	37	1	37
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	502	884	502	884
Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	140	186	140	186
Total (Losses) Gains	1	2	(1)	3
Consumer | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Consumer | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Consumer | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	140	186	140	186
Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	54	2	54
Total (Losses) Gains	0	(1)	1	(4)
Commercial loans held for sale | Commercial | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Commercial loans held for sale | Commercial | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	37	0	37
Commercial loans held for sale | Commercial | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	17	2	17
Commercial loans and leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	313	569	313	569
Total (Losses) Gains	(39)	(118)	(44)	(192)
Commercial loans and leases | Commercial | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Commercial loans and leases | Commercial | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Commercial loans and leases | Commercial | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	313	569	313	569
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	6	18	6	18
Total (Losses) Gains	0	(1)	(6)	(6)
OREO | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
OREO | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
OREO | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	6	18	6	18
Property and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	7	14	7	14
Total (Losses) Gains	(1)	(12)	(2)	(14)
Property and equipment | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Property and equipment | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Property and equipment | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	7	14	7	14
Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	34	10	34	10
Total (Losses) Gains	0	0	(25)	(3)
Operating lease equipment | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Operating lease equipment | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Operating lease equipment | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	34	10	34	10
Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	1	70	1	70
Total (Losses) Gains	0	0	0	(9)
Private equity investments | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Private equity investments | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	1	0	1	0
Private equity investments | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 0	$ 70	$ 0	$ 70

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable Level 3 Inputs Nonrecurring Basis) (Details) - Nonrecurring - USD ($) $ in Millions	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 503	$ 921
Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	140	186
Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	54
Commercial loans and leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	313	569
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	6	18
Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	7	14
Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	34	10
Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	1	70
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	502	884
Level 3 | Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	140	186
Level 3 | Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	17
Level 3 | Commercial loans and leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	313	569
Level 3 | OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	6	18
Level 3 | Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	7	14
Level 3 | Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	34	10
Level 3 | Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	70
Level 3 | Comparable Company Analysis | Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	16
Level 3 | Comparable Company Analysis | Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		70
Level 3 | Appraised Value | Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		1
Level 3 | Appraised Value | Commercial loans and leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	313	569
Level 3 | Appraised Value | Consumer and residential mortgage loans | Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	140	186
Level 3 | Appraised Value | OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	6	18
Level 3 | Appraised Value | Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	7	14
Level 3 | Appraised Value | Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 34	$ 10

Fair Value Measurements - Diffe

Fair Value Measurements - Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance for Residential Mortgage Loans Measured at Fair Value (Details) - Residential mortgage loans - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Aggregate fair value
Loans measured at fair value	$ 1,784	$ 1,642
Past due loans of 90 days or more	2	3
Non accrual loans	0	0
Aggregate unpaid principal balance
Loans measured at fair value	1,725	1,567
Past due loans of 90 days or more	3	3
Non accrual loans	0	0
Difference
Loans measured at fair value	59	75
Past due loans of 90 days or more	(1)	0
Non accrual loans	$ 0	$ 0

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Amounts and Estimated Fair Values for Certain Financial Instruments (Details) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Financial assets:
Cash and due from banks		$ 3,285	$ 3,147
Other short-term investments	[1]	32,409	33,399
Held-to-maturity securities		10	11
Loans and leases held for sale	[2]	5,730	4,741
Total portfolio loans and leases, net		105,700	106,329
Financial liabilities:
Deposits		162,283	159,081
Federal funds purchased		338	300
Other short-term borrowings		1,130	1,192
Long-term debt	[1]	12,364	14,973
Commercial
Financial assets:
Total portfolio loans and leases, net		67,020	68,997
Net Carrying Amount
Financial assets:
Cash and due from banks		3,285	3,147
Other short-term investments		32,409	33,399
Other securities		520	524
Held-to-maturity securities		10	11
Loans and leases held for sale		4,097	3,260
Total portfolio loans and leases, net		105,549	106,168
Financial liabilities:
Deposits		162,283	159,081
Federal funds purchased		338	300
Other short-term borrowings		1,130	1,192
Long-term debt		12,364	14,973
Net Carrying Amount | Commercial
Financial assets:
Total portfolio loans and leases, net		65,796	67,541
Net Carrying Amount | Consumer
Financial assets:
Total portfolio loans and leases, net		39,753	38,627
Total Fair Value
Financial assets:
Cash and due from banks		3,285	3,147
Other short-term investments		32,409	33,399
Other securities		520	524
Held-to-maturity securities		10	11
Loans and leases held for sale		4,104	3,269
Total portfolio loans and leases, net		107,439	108,332
Financial liabilities:
Deposits		162,285	159,094
Federal funds purchased		338	300
Other short-term borrowings		1,130	1,192
Long-term debt		13,671	16,529
Total Fair Value | Commercial
Financial assets:
Total portfolio loans and leases, net		66,498	67,810
Total Fair Value | Consumer
Financial assets:
Total portfolio loans and leases, net		40,941	40,522
Total Fair Value | Level 1
Financial assets:
Cash and due from banks		3,285	3,147
Other short-term investments		32,409	33,399
Other securities		0	0
Held-to-maturity securities		0	0
Loans and leases held for sale		0	0
Total portfolio loans and leases, net		0	0
Financial liabilities:
Deposits		0	0
Federal funds purchased		338	300
Other short-term borrowings		0	0
Long-term debt		12,821	15,606
Total Fair Value | Level 1 | Commercial
Financial assets:
Total portfolio loans and leases, net		0	0
Total Fair Value | Level 1 | Consumer
Financial assets:
Total portfolio loans and leases, net		0	0
Total Fair Value | Level 2
Financial assets:
Cash and due from banks		0	0
Other short-term investments		0	0
Other securities		520	524
Held-to-maturity securities		0	0
Loans and leases held for sale		0	0
Total portfolio loans and leases, net		0	0
Financial liabilities:
Deposits		162,285	159,094
Federal funds purchased		0	0
Other short-term borrowings		1,130	1,192
Long-term debt		850	923
Total Fair Value | Level 2 | Commercial
Financial assets:
Total portfolio loans and leases, net		0	0
Total Fair Value | Level 2 | Consumer
Financial assets:
Total portfolio loans and leases, net		0	0
Total Fair Value | Level 3
Financial assets:
Cash and due from banks		0	0
Other short-term investments		0	0
Other securities		0	0
Held-to-maturity securities		10	11
Loans and leases held for sale		4,104	3,269
Total portfolio loans and leases, net		107,439	108,332
Financial liabilities:
Deposits		0	0
Federal funds purchased		0	0
Other short-term borrowings		0	0
Long-term debt		0	0
Total Fair Value | Level 3 | Commercial
Financial assets:
Total portfolio loans and leases, net		66,498	67,810
Total Fair Value | Level 3 | Consumer
Financial assets:
Total portfolio loans and leases, net		$ 40,941	$ 40,522
[1]	Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.
[2]	Includes $1,633 and $1,481 of residential mortgage loans held for sale measured at fair value at June 30, 2021 and December 31, 2020, respectively.

Business Segments - Additional

Business Segments - Additional Information (Details)	6 Months Ended
	Jun. 30, 2021businessunit_segmentunit_center
Segment Reporting [Abstract]
Number of business segments | unit_segment	4
Branch Banking
Segment Reporting Information
Full-service banking centers | unit_center	1,096
Wealth and Asset Management
Segment Reporting Information
Number of main businesses | business	3

Business Segments - Results of

Business Segments - Results of Operations and Average Assets by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Segment Reporting Information
Total goodwill	$ 4,259	$ 4,261	$ 4,259	$ 4,261	$ 4,258
Total assets	205,390	202,906	205,390	202,906
Net interest income	1,208	1,200	2,385	2,429
(Benefit from) provision for credit losses	(115)	485	(288)	1,125
Net Interest Income After (Benefit from) Provision for Credit Losses	1,323	715	2,673	1,304
Noninterest Income
Commercial banking revenue	160	137	313	261
Service charges on deposits	149	122	292	270
Wealth and asset management revenue	145	120	288	255
Card and processing revenue	102	82	196	167
Mortgage banking net revenue	64	99	149	219
Leasing business revenue	61	57	148	131
Other noninterest income	49	12	92	18
Securities gains, net	10	21	13	(3)
Securities gains, net – non-qualifying hedges on MSRs	1	0	(1)	3
Total noninterest income	741	650	1,490	1,321
Noninterest Expense
Compensation and benefits	638	627	1,343	1,274
Technology and communications	94	90	187	183
Net occupancy expense	77	82	156	164
Equipment expense	34	32	68	64
Leasing business expense	33	33	68	68
Card and processing expense	20	29	50	60
Marketing expense	20	20	43	51
Other noninterest expense	237	208	454	457
Total noninterest expense	1,153	1,121	2,369	2,321
Income Before Income Taxes	911	244	1,794	304
Applicable income tax expense (benefit)	202	49	391	61
Net Income	709	195	1,403	243
Impairment losses on bank premises	2	12	4	14
Impairment losses of operating lease equipment			25	3
Bank premises and equipment held for sale	25		25		$ 35
Impairment losses and termination charges	2	3	2	5
General Corporate and Other
Segment Reporting Information
Total goodwill	0	0	0	0
Total assets	4,797	11,119	4,797	11,119
Net interest income	368	(26)	737	65
(Benefit from) provision for credit losses	11	(33)	(134)	486
Net Interest Income After (Benefit from) Provision for Credit Losses	357	7	871	(421)
Noninterest Income
Commercial banking revenue	0	(1)	0	(2)
Service charges on deposits	0	1	0	0
Wealth and asset management revenue	0	0	0	0
Card and processing revenue	2	3	5	7
Mortgage banking net revenue	0	0	0	0
Leasing business revenue	0	0	0	0
Other noninterest income	(10)	(19)	(2)	(30)
Securities gains, net	10	21	6	(3)
Securities gains, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	2	5	9	(28)
Noninterest Expense
Compensation and benefits	234	234	493	450
Technology and communications	86	84	173	171
Net occupancy expense	13	25	31	51
Equipment expense	18	15	36	29
Leasing business expense	0	0	0	0
Card and processing expense	(1)	(1)	(2)	(2)
Marketing expense	10	12	23	27
Other noninterest expense	(304)	(314)	(645)	(664)
Total noninterest expense	56	55	109	62
Income Before Income Taxes	303	(43)	771	(511)
Applicable income tax expense (benefit)	86	0	198	(88)
Net Income	217	(43)	573	(423)
Impairment losses on bank premises		8	1	10
Bank premises and equipment held for sale	25	53	25	53
Eliminations
Segment Reporting Information
Total goodwill	0	0	0	0
Total assets	0	0	0	0
Net interest income	0	0	0	0
(Benefit from) provision for credit losses	0	0	0	0
Net Interest Income After (Benefit from) Provision for Credit Losses	0	0	0	0
Noninterest Income
Commercial banking revenue	0	0	0	0
Service charges on deposits	0	0	0	0
Wealth and asset management revenue	(46)	(35)	(89)	(75)
Card and processing revenue	0	0	0	0
Mortgage banking net revenue	0	0	0	0
Leasing business revenue	0	0	0	0
Other noninterest income	0	0	0	0
Securities gains, net	0	0	0	0
Securities gains, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	(46)	(35)	(89)	(75)
Noninterest Expense
Compensation and benefits	0	0	0	0
Technology and communications	0	0	0	0
Net occupancy expense	0	0	0	0
Equipment expense	0	0	0	0
Leasing business expense	0	0	0	0
Card and processing expense	0	0	0	0
Marketing expense	0	0	0	0
Other noninterest expense	(46)	(35)	(89)	(75)
Total noninterest expense	(46)	(35)	(89)	(75)
Income Before Income Taxes	0	0	0	0
Applicable income tax expense (benefit)	0	0	0	0
Net Income	0	0	0	0
Commercial Banking
Noninterest Expense
Impairment losses of operating lease equipment			25	3
Commercial Banking | Operating Segments
Segment Reporting Information
Total goodwill	1,981	1,961	1,981	1,961
Total assets	68,851	76,437	68,851	76,437
Net interest income	376	570	741	1,078
(Benefit from) provision for credit losses	(151)	457	(227)	502
Net Interest Income After (Benefit from) Provision for Credit Losses	527	113	968	576
Noninterest Income
Commercial banking revenue	156	136	307	260
Service charges on deposits	92	79	181	162
Wealth and asset management revenue	1	1	1	2
Card and processing revenue	15	11	29	26
Mortgage banking net revenue	0	0	0	0
Leasing business revenue	61	57	148	131
Other noninterest income	30	10	42	(1)
Securities gains, net	0	0	7	0
Securities gains, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	355	294	715	580
Noninterest Expense
Compensation and benefits	136	129	292	278
Technology and communications	4	3	7	6
Net occupancy expense	8	8	17	15
Equipment expense	7	7	13	14
Leasing business expense	33	33	68	68
Card and processing expense	2	2	3	4
Marketing expense	2	2	3	4
Other noninterest expense	207	221	416	495
Total noninterest expense	399	405	819	884
Income Before Income Taxes	483	2	864	272
Applicable income tax expense (benefit)	90	(10)	160	35
Net Income	393	12	704	237
Branch Banking | Operating Segments
Segment Reporting Information
Total goodwill	2,047	2,047	2,047	2,047
Total assets	87,646	77,219	87,646	77,219
Net interest income	301	513	596	1,017
(Benefit from) provision for credit losses	25	52	66	114
Net Interest Income After (Benefit from) Provision for Credit Losses	276	461	530	903
Noninterest Income
Commercial banking revenue	3	1	5	2
Service charges on deposits	57	42	111	107
Wealth and asset management revenue	52	39	102	84
Card and processing revenue	84	68	161	133
Mortgage banking net revenue	3	2	5	4
Leasing business revenue	0	0	0	0
Other noninterest income	25	15	45	34
Securities gains, net	0	0	0	0
Securities gains, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	224	167	429	364
Noninterest Expense
Compensation and benefits	158	161	328	330
Technology and communications	1	1	2	1
Net occupancy expense	49	44	96	87
Equipment expense	9	10	19	21
Leasing business expense	0	0	0	0
Card and processing expense	19	28	49	58
Marketing expense	7	5	15	17
Other noninterest expense	207	205	430	426
Total noninterest expense	450	454	939	940
Income Before Income Taxes	50	174	20	327
Applicable income tax expense (benefit)	10	36	4	69
Net Income	40	138	16	258
Impairment losses on bank premises	2	4	3	4
Consumer Lending | Operating Segments
Segment Reporting Information
Total goodwill	0	0	0	0
Total assets	33,215	26,451	33,215	26,451
Net interest income	142	92	269	181
(Benefit from) provision for credit losses	0	10	8	23
Net Interest Income After (Benefit from) Provision for Credit Losses	142	82	261	158
Noninterest Income
Commercial banking revenue	0	0	0	0
Service charges on deposits	0	0	0	0
Wealth and asset management revenue	0	0	0	0
Card and processing revenue	0	0	0	0
Mortgage banking net revenue	60	96	142	213
Leasing business revenue	0	0	0	0
Other noninterest income	2	2	4	6
Securities gains, net	0	0	0	0
Securities gains, net – non-qualifying hedges on MSRs	1	0	(1)	3
Total noninterest income	63	98	145	222
Noninterest Expense
Compensation and benefits	61	53	127	104
Technology and communications	3	2	5	5
Net occupancy expense	3	2	5	5
Equipment expense	0	0	0	0
Leasing business expense	0	0	0	0
Card and processing expense	0	0	0	0
Marketing expense	1	1	1	2
Other noninterest expense	95	62	186	128
Total noninterest expense	163	120	324	244
Income Before Income Taxes	42	60	82	136
Applicable income tax expense (benefit)	9	12	17	29
Net Income	33	48	65	107
Wealth and Asset Management | Operating Segments
Segment Reporting Information
Total goodwill	231	253	231	253
Total assets	10,881	11,680	10,881	11,680
Net interest income	21	51	42	88
(Benefit from) provision for credit losses	0	(1)	(1)	0
Net Interest Income After (Benefit from) Provision for Credit Losses	21	52	43	88
Noninterest Income
Commercial banking revenue	1	1	1	1
Service charges on deposits	0	0	0	1
Wealth and asset management revenue	138	115	274	244
Card and processing revenue	1	0	1	1
Mortgage banking net revenue	1	1	2	2
Leasing business revenue	0	0	0	0
Other noninterest income	2	4	3	9
Securities gains, net	0	0	0	0
Securities gains, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	143	121	281	258
Noninterest Expense
Compensation and benefits	49	50	103	112
Technology and communications	0	0	0	0
Net occupancy expense	4	3	7	6
Equipment expense	0	0	0	0
Leasing business expense	0	0	0	0
Card and processing expense	0	0	0	0
Marketing expense	0	0	1	1
Other noninterest expense	78	69	156	147
Total noninterest expense	131	122	267	266
Income Before Income Taxes	33	51	57	80
Applicable income tax expense (benefit)	7	11	12	16
Net Income	$ 26	$ 40	$ 45	$ 64

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ in Millions	Jul. 23, 2021	Jun. 18, 2019
Subsequent Event [Line Items]
Number of shares authorized to be repurchased		100,000,000
Subsequent Event
Subsequent Event [Line Items]
Accelerated share repurchase payment	$ 550