Fifth Third Bancorp (FITB) 10-Q 8 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Oct. 31, 2022
Entity Listings [Line Items]
Document Type	10-Q
Document Period End Date	Sep. 30, 2022
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		686,396,166
Amendment Flag	false
Entity Central Index Key	0000035527
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
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		Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks		$ 3,068	$ 2,994
Other short-term Investments	[1]	6,594	34,572
Available-for-sale debt and other securities	[2]	51,289	38,110
Held-to-maturity securities	[3]	5	8
Trading debt securities		414	512
Equity securities		315	376
Loans and leases held for sale	[4]	1,940	4,415
Portfolio loans and leases	[1],[5]	119,999	112,050
Allowance for loan and lease losses	[1]	(2,099)	(1,892)
Portfolio loans and leases, net		117,900	110,158
Bank premises and equipment	[6]	2,155	2,120
Operating lease equipment		612	616
Goodwill		4,925	4,514
Intangible assets		181	156
Servicing rights		1,732	1,121
Other assets	[1]	14,333	11,444
Total Assets		205,463	211,116
Deposits:
Noninterest-bearing deposits		57,601	65,088
Interest-bearing deposits		104,051	104,236
Total deposits		161,652	169,324
Federal funds purchased		212	281
Other short-term borrowings		6,378	980
Accrued taxes, interest and expenses		1,589	2,233
Other liabilities	[1]	7,184	4,267
Long-term debt	[1]	11,712	11,821
Total Liabilities		188,727	188,906
Equity
Common stock	[7]	2,051	2,051
Preferred stock	[8]	2,116	2,116
Capital surplus		3,660	3,624
Retained earnings		21,219	20,236
Accumulated other comprehensive (loss) income		(5,306)	1,207
Treasury stock	[7]	(7,004)	(7,024)
Total Equity		16,736	22,210
Total Liabilities and Equity		$ 205,463	$ 211,116
[1]Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.[2]Amortized cost of $57,372 and $36,941 at September 30, 2022 and December 31, 2021, respectively.[3]Fair value of $5 and $8 at September 30, 2022 and December 31, 2021, respectively.[4]Includes $1,107 and $1,023 of residential mortgage loans held for sale measured at fair value at September 30, 2022 and December 31, 2021, respectively.[5]Includes $125 and $154 of residential mortgage loans measured at fair value at September 30, 2022 and December 31, 2021, respectively.[6]Includes $24 of bank premises and equipment held for sale at both September 30, 2022 and December 31, 2021.[7] Common shares: Stated value $ 2.22 per share; authorized 2,000,000,000; outstanding at September 30, 2022 – 686,343,370 (excludes 237,549,211 treasury shares), December 31, 2021 – 682,777,664 (excludes 241,114,917 treasury shares).

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Other short-term Investments	[1]	$ 6,594	$ 34,572
Portfolio loans and leases	[1],[2]	119,999	112,050
ALLL	[1]	(2,099)	(1,892)
Other assets	[1]	14,333	11,444
Other liabilities	[1]	7,184	4,267
Long-term debt	[1]	11,712	11,821
Available-for-sale debt and other securities, amortized cost		57,372	36,941
Held-to-maturity securities		5	8
Bank premises and equipment held for sale		$ 24	$ 24
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)		686,343,370	682,777,664
Treasury stock, shares (in shares)		237,549,211	241,114,917
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		$ (254)	$ (235)
Loans held for sale		1,107	1,023
Loans measured at FV		125	154
Variable Interest Entity, Primary Beneficiary | Automobile And Solar Loan
Other short-term Investments		19	24
Portfolio loans and leases		223	322
ALLL		(3)	(2)
Other assets		2	2
Other liabilities		9	1
Long-term debt		$ 156	$ 263
[1]Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.[2]Includes $125 and $154 of residential mortgage loans measured at fair value at September 30, 2022 and December 31, 2021, respectively.

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest Income
Interest and fees on loans and leases	$ 1,315	$ 1,014	$ 3,377	$ 3,078
Interest on securities	414	266	1,077	809
Interest on other short-term investments	31	12	58	29
Total interest income	1,760	1,292	4,512	3,916
Interest Expense
Interest on deposits	112	12	147	48
Interest on federal funds purchased	3	0	4	0
Interest on other short-term borrowings	43	0	56	1
Interest on long-term debt	104	91	273	293
Total interest expense	262	103	480	342
Net Interest Income	1,498	1,189	4,032	3,574
Provision for (benefit from) credit losses	158	(42)	383	(330)
Net Interest Income After Provision for (Benefit from) Credit Losses	1,340	1,231	3,649	3,904
Noninterest Income
Service charges on deposits	143	152	449	445
Wealth and asset management revenue	141	147	430	436
Commercial banking revenue	134	152	406	465
Card and processing revenue	105	102	306	298
Leasing business revenue	60	78	179	226
Mortgage banking net revenue	69	86	152	235
Other noninterest income	59	120	195	211
Securities (losses) gains, net	(38)	(1)	(84)	12
Securities losses, net – non-qualifying hedges on mortgage servicing rights	(1)	0	(2)	(2)
Total noninterest income	672	836	2,031	2,326
Noninterest Expense
Compensation and benefits	605	627	1,900	1,971
Technology and communications	106	98	306	285
Net occupancy expense	74	79	225	235
Equipment expense	36	34	108	102
Leasing business expense	33	33	95	102
Marketing expense	35	29	87	72
Card and processing expense	21	19	59	70
Other noninterest expense	257	253	721	704
Total noninterest expense	1,167	1,172	3,501	3,541
Income Before Income Taxes	845	895	2,179	2,689
Applicable income tax expense	192	191	470	582
Net Income	653	704	1,709	2,107
Dividends on preferred stock	22	20	78	75
Net Income Available to Common Shareholders	$ 631	$ 684	$ 1,631	$ 2,032
Shares Disclosures
Earnings per share - basic (in dollars per share)	$ 0.91	$ 0.98	$ 2.37	$ 2.87
Earnings per share - diluted (in dollars per share)	$ 0.91	$ 0.97	$ 2.34	$ 2.83
Average common shares outstanding - basic (in shares)	689,278,078	697,457,483	688,617,910	706,845,513
Average common shares outstanding - diluted (in shares)	694,592,855	706,089,674	695,207,279	715,803,010

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net Income	$ 653	$ 704	$ 1,709	$ 2,107
Net unrealized (losses) gains on available-for-sale debt securities:
Unrealized holding losses arising during period	(2,129)	(281)	(5,564)	(748)
Reclassification adjustment for net (gains) losses included in net income	0	(1)	(2)	7
Net unrealized (losses) gains on cash flow hedge derivatives:
Unrealized holding (losses) gains arising during period	(530)	2	(840)	(53)
Reclassification adjustment for net gains included in net income	(3)	(58)	(109)	(173)
Defined benefit pension plans, net:
Net actuarial loss arising during the year	(1)	(1)	(2)	(2)
Reclassification of amounts to net periodic benefit costs	1	2	4	5
Other comprehensive loss, net of tax	(2,662)	(337)	(6,513)	(964)
Comprehensive (Loss) Income	$ (2,009)	$ 367	$ (4,804)	$ 1,143

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($) $ in Millions	Total	Series H Preferred Stock	Series I Preferred Stock	Series J Preferred Stock	Series K Preferred Stock	Series L Preferred Stock	Class B, Series A Preferred Stock	Common Stock	Preferred Stock	Capital Surplus	Retained Earnings	Retained Earnings Series H Preferred Stock	Retained Earnings Series I Preferred Stock	Retained Earnings Series J Preferred Stock	Retained Earnings Series K Preferred Stock	Retained Earnings Series L Preferred Stock	Retained Earnings Class B, Series A Preferred Stock	Accumulated Other Comprehensive (Loss) Income	Treasury Stock
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	2,107										2,107
Other comprehensive income (loss), net of tax	(964)																	(964)
Cash dividends declared:
Common stock	(597)										(597)
Preferred stock		$ (15)	$ (22)	$ (8)	$ (9)	$ (12)	$ (9)					$ (15)	$ (22)	$ (8)	$ (9)	$ (12)	$ (9)
Shares acquired for treasury	(1,077)																		(1,077)
Impact of stock transactions under stock compensation plans, net	20									(24)									44
Other	(1)										(2)								1
Balance at Sep. 30, 2021	22,524							2,051	2,116	3,611	19,817							1,637	(6,708)
Balance at Jun. 30, 2021	22,926							2,051	2,116	3,602	19,343							1,974	(6,160)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	704										704
Other comprehensive income (loss), net of tax	(337)																	(337)
Cash dividends declared:
Common stock	(210)										(210)
Preferred stock			(7)	(3)	(3)	(4)	(3)						(7)	(3)	(3)	(4)	(3)
Shares acquired for treasury	(550)																		(550)
Impact of stock transactions under stock compensation plans, net	11									9									2
Balance at Sep. 30, 2021	22,524							2,051	2,116	3,611	19,817							1,637	(6,708)
Balance at Dec. 31, 2021	22,210							2,051	2,116	3,624	20,236							1,207	(7,024)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,709										1,709
Other comprehensive income (loss), net of tax	(6,513)																	(6,513)
Cash dividends declared:
Common stock	(648)										(648)
Preferred stock		$ (15)	(23)	(10)	(9)	(12)	(9)					$ (15)	(23)	(10)	(9)	(12)	(9)
Impact of stock transactions under stock compensation plans, net	56									36									20
Balance at Sep. 30, 2022	16,736							2,051	2,116	3,660	21,219							(5,306)	(7,004)
Balance at Jun. 30, 2022	18,970							2,051	2,116	3,636	20,818							(2,644)	(7,007)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	653										653
Other comprehensive income (loss), net of tax	(2,662)																	(2,662)
Cash dividends declared:
Common stock	(230)										(230)
Preferred stock			$ (8)	$ (4)	$ (3)	$ (4)	$ (3)						$ (8)	$ (4)	$ (3)	$ (4)	$ (3)
Impact of stock transactions under stock compensation plans, net	27									24									3
Balance at Sep. 30, 2022	$ 16,736							$ 2,051	$ 2,116	$ 3,660	$ 21,219							$ (5,306)	$ (7,004)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Common stock, per share (in dollars per share)	$ 0.33	$ 0.30	$ 0.93	$ 0.84
Series H Preferred Stock
Preferred stock, per share (in dollars per share)			637.50	637.50
Series I Preferred Stock
Preferred stock, per share (in dollars per share)	414.06	414.06	1,242.18	1,242.18
Series J Preferred Stock
Preferred stock, per share (in dollars per share)	343.62	209.30	814.49	631.24
Series K Preferred Stock
Preferred stock, per share (in dollars per share)	309.38	309.38	928.13	928.13
Series L Preferred Stock
Preferred stock, per share (in dollars per share)	281.25	281.25	843.75	843.75
Class B, Series A Preferred Stock
Preferred stock, per share (in dollars per share)	$ 15	$ 15	$ 45	$ 45

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating Activities
Net Income	$ 1,709	$ 2,107
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (benefit from) credit losses	383	(330)
Depreciation, amortization and accretion	324	371
Stock-based compensation expense	137	100
Benefit from deferred income taxes	(19)	(217)
Securities losses (gains), net	90	(6)
MSR fair value adjustment	(217)	95
Net gains on sales of loans and fair value adjustments on loans held for sale	(77)	(264)
Net (gains) losses on disposition and impairment of bank premises and equipment and operating lease equipment	(6)	16
Gain on sale of HSA deposit portfolio	0	(60)
Proceeds from sales of loans held for sale	10,328	12,767
Loans originated or purchased for sale, net of repayments	(8,380)	(13,250)
Dividends representing return on equity investments	32	33
Net change in:
Equity and trading debt securities	66	(125)
Other assets	507	292
Accrued taxes, interest and expenses and other liabilities	(522)	(167)
Net Cash Provided by Operating Activities	4,355	1,362
Proceeds from sales:
AFS securities and other investments	4,242	2,832
Loans and leases	155	653
Bank premises and equipment	1	18
Proceeds from repayments / maturities of AFS and HTM securities and other investments	3,770	4,504
Purchases:
AFS securities and other investments	(28,521)	(8,772)
Bank premises and equipment	(240)	(224)
MSRs	(208)	(210)
Proceeds from settlement of BOLI	37	20
Proceeds from sales and dividends representing return of equity investments	61	33
Net cash received for divestitures	46	0
Net cash paid on acquisitions	(917)	(296)
Net cash paid on sale of HSA deposit portfolio	0	(431)
Net change in:
Other short-term investments and federal funds sold	27,981	(803)
Portfolio loans and leases	(7,425)	330
Operating lease equipment	(79)	21
Net Cash Used in Investing Activities	(1,097)	(2,325)
Financing Activities
Net change in deposits	(8,033)	6,518
Net change in other short-term borrowings and federal funds purchased	5,329	(196)
Dividends paid on common and preferred stock	(700)	(654)
Proceeds from issuance of long-term debt	2,003	56
Repayment of long-term debt	(1,702)	(3,525)
Repurchases of treasury stock and related forward contract	0	(1,077)
Other	(81)	(93)
Net Cash (Used in) Provided by Financing Activities	(3,184)	1,029
Increase in Cash and Due from Banks	74	66
Cash and Due from Banks at Beginning of Period	2,994	3,147
Cash and Due from Banks at End of Period	$ 3,068	$ 3,213

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2022
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 any impairment recorded and 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 nine months ended September 30, 2022 and 2021 and the cash flows for the nine months ended September 30, 2022 and 2021 are not necessarily indicative of the results to be expected for the full year. Financial information as of December 31, 2021 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	9 Months Ended
	Sep. 30, 2022
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 nine months ended September 30: ($ in millions) 2022 2021 Cash Payments: Interest $ 487 431 Income taxes 124 500 Transfers: Portfolio loans and leases to loans and leases held for sale $ 105 414 Loans and leases held for sale to portfolio loans and leases 406 38 Portfolio loans and leases to OREO 5 7 Bank premises and equipment to OREO 22 19 Supplemental Disclosures: Net additions to lease liabilities under operating leases $ 102 59 Net additions to lease liabilities under finance leases 29 29

Accounting and Reporting Develo

Accounting and Reporting Developments	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Accounting and Reporting Developments	Accounting and Reporting Developments Standards Adopted in 2022 The Bancorp adopted the following new accounting standard during the nine months ended September 30, 2022: ASU 2020-06 – Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Equity’s Own Equity In August 2020, the FASB issued ASU 2020-06, which simplified the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The Bancorp adopted the amended guidance on January 1, 2022 using the modified retrospective transition method. The adoption did not have a material impact on the Bancorp’s Condensed Consolidated Financial Statements. Significant Accounting Standards Issued but Not Yet Adopted The following significant accounting standards were issued but not yet adopted by the Bancorp as of September 30, 2022: ASU 2021-08 – Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, the FASB issued ASU 2021-08, which provided guidance on the accounting for revenue contracts with customers which are acquired in a business combination. The amendments generally state that an acquirer accounts for an acquired revenue contract with a customer as if it had originated the contract. The amendments also provide certain practical expedients for acquirers when recognizing and measuring acquired contract assets and liabilities. The amended guidance is effective for the Bancorp on January 1, 2023, with early adoption permitted, and is to be applied prospectively to business combinations occurring on or after the adoption date. The amended guidance may be applied retrospectively to the beginning of the fiscal year of adoption if early adopted in an interim period. ASU 2022-01 – Derivatives and Hedging (Topic 815): Fair Value Hedging-Portfolio Layer Method In March 2022, the FASB issued ASU 2022-01, which clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets and renames the last-of-layer method the portfolio layer method. Under current guidance, the last-of-layer method enables an entity to apply fair value hedging to a stated amount of a closed portfolio of prepayable financial assets without having to consider prepayment risk or credit risk when measuring those assets. ASU 2022-01 expands the scope of this guidance to allow entities to apply the portfolio layer method to portfolios of all financial assets, including both prepayable and nonprepayable financial assets. It allows entities to designate multiple layers within a single closed portfolio as individual hedged items. Further, ASU 2022-01 clarifies that the fair value basis adjustments should be adjusted at the portfolio level and should not be allocated to individual assets within the portfolio. The amended guidance is effective for the Bancorp on January 1, 2023 with early adoption permitted. Upon adoption, the Bancorp may designate multiple hedged layers of a single closed portfolio on a prospective basis. The amendments related to the fair value basis adjustments should be applied on a modified retrospective basis by recording a cumulative effect adjustment to retained earnings as of the beginning of the year of adoption. The Bancorp may elect to apply the disclosure requirements prospectively or retrospectively. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements. ASU 2022-02 – Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued ASU 2022-02, which eliminates the accounting guidance on troubled debt restructurings for creditors in ASC 310-40 and requires entities to evaluate all receivable modifications under ASC 310-20 to determine whether a modification made to a borrower results in a new loan or a continuation of the existing loan. The amended guidance adds enhanced disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. The amended guidance also requires disclosure of current period gross charge-offs by year of origination within the vintage disclosures required by ASC 326. The amended guidance is effective for the Bancorp on January 1, 2023 with early adoption permitted. The amendments on TDR disclosures and vintage disclosures should be adopted prospectively. The elimination of the TDR guidance may be adopted either prospectively or using a modified retrospective transition method. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements but currently expects that the adoption will primarily impact its credit quality disclosures and its methodology for measuring the ACL on TDRs. ASU 2022-03 – Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions In June 2022, the FASB issued ASU 2022-03, which clarifies the guidance in ASC 820 on the fair value measurement of an equity security that is subject to contractual sale restrictions, stating that such restrictions are not considered part of the unit of account of the security and therefore are not considered in measuring fair value. The amended guidance also requires disclosure of the fair value of equity securities subject to contractual sale restrictions and certain additional information about those restrictions. The amended guidance is effective for the Bancorp on January 1, 2024, with early adoption permitted, and is to be applied prospectively. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements. ASU 2022-04 – Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations In September 2022, the FASB issued ASU 2022-04, which provides guidance on the disclosure requirements for supplier finance programs. The amendments require that a buyer in a supplier finance program disclose sufficient qualitative and quantitative information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. The amended guidance is effective for the Bancorp on January 1, 2023, with the amendment on rollforward information effective January 1, 2024, with early adoption permitted. The amendments on supplier finance programs should be applied retrospectively except for the amendment on rollforward information, which should be applied prospectively. The Bancorp is in the process of evaluating the impact of the amended guidance on its 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	9 Months Ended
	Sep. 30, 2022
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: September 30, 2022 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 2,581 — (204) 2,377 Obligations of states and political subdivisions securities 18 — — 18 Mortgage-backed securities: Agency residential mortgage-backed securities 12,573 — (1,341) 11,232 Agency commercial mortgage-backed securities 29,440 1 (3,552) 25,889 Non-agency commercial mortgage-backed securities 5,256 — (548) 4,708 Asset-backed securities and other debt securities 6,630 5 (444) 6,191 Other securities (a) 874 — — 874 Total available-for-sale debt and other securities $ 57,372 6 (6,089) 51,289 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 3 — — 3 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 5 — — 5 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdi ngs of $382, $490 and $2, r espectively, at September 30, 2022, that are carried at cost. December 31, 2021 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 85 1 — 86 Obligations of states and political subdivisions securities 18 — — 18 Mortgage-backed securities: Agency residential mortgage-backed securities 8,432 368 (18) 8,782 Agency commercial mortgage-backed securities 18,236 784 (69) 18,951 Non-agency commercial mortgage-backed securities 4,364 128 (13) 4,479 Asset-backed securities and other debt securities 5,287 32 (44) 5,275 Other securities (a) 519 — — 519 Total available-for-sale debt and other securities $ 36,941 1,313 (144) 38,110 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 6 — — 6 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 8 — — 8 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $30, $486 and $3, respectively, at December 31, 2021, that are carried at cost. The following table provides the fair value of trading debt securities and equity securities as of: ($ in millions) September 30, December 31, Trading debt securities $ 414 512 Equity securities 315 376 The amounts reported in the preceding tables exclude accrued interest receivable on investment securities of $132 million and $82 million at September 30, 2022 and December 31, 2021, respectively, which is presented as a component of other assets in the Condensed Consolidated Balance Sheets. The Bancorp uses investment securities as a means of managing interest rate risk, providing collateral for pledging purposes and for liquidity risk management. As part of managing interest rate risk, the Bancorp acquires securities as a component of its MSR non-qualifying hedging strategy, with net gains or losses recorded in securities losses, net – non-qualifying hedges on mortgage servicing rights in the Condensed Consolidated Statements of Income. The following table presents the components of net securities gains and losses recognized in the Condensed Consolidated Statements of Income, including those recognized related to the Bancorp’s non-qualifying hedging strategy for MSRs: For the three months ended September 30, For the nine months ended ($ in millions) 2022 2021 2022 2021 Available-for-sale debt and other securities: Realized gains $ 3 16 15 24 Realized losses (3) (3) (12) (14) Impairment losses — (12) — (19) Net realized gains (losses) on available-for-sale debt and other securities $ — 1 3 (9) Trading debt securities: Net realized losses (1) — (2) (1) Net unrealized gains (losses) — (1) 11 — Net trading debt securities gains (losses) $ (1) (1) 9 (1) Equity securities: Net realized gains 1 2 1 6 Net unrealized (losses) gains (39) (3) (99) 14 Net equity securities (losses) gains $ (38) (1) (98) 20 Total (losses) gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (a) $ (39) (1) (86) 10 (a) Excludes $1 and $4 of net securities losses for the three and nine months ended September 30, 2022, respectively, and $1 and $4 of net securities losses for the three and nine months ended September 30, 2021, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These losses are included in commercial banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income. The Bancorp recognized impairment losses on available-for-sale debt and other securities of $12 million and $19 million during the three and nine months ended September 30, 2021, respectively. These losses were included in securities (losses) gains, net, in the Condensed Consolidated Statements of Income. 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 September 30, 2022 and December 31, 2021, 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 nine months ended September 30, 2022 and 2021. At September 30, 2022 and December 31, 2021, investment securities with a fair value of $10.3 billion a nd $11.2 billion, respectively, were pledged to secure borrowings, public deposits, trust funds, derivative contracts and for other purposes as required or permitted by law. The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of September 30, 2022 are shown in the following table: ($ in millions) Available-for-Sale Debt and Other Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value Debt securities: (a) Due in 1 year or less $ 264 261 — — Due after 1 year through 5 years 12,971 12,086 3 3 Due after 5 years through 10 years 30,793 27,259 — — Due after 10 years 12,470 10,809 2 2 Other securities 874 874 — — Total $ 57,372 51,289 5 5 (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 September 30, 2022 U.S. Treasury and federal agencies securities $ 2,377 (204) — — 2,377 (204) Obligations of states and political subdivisions securities 1 — — — 1 — Agency residential mortgage-backed securities 10,719 (1,231) 509 (110) 11,228 (1,341) Agency commercial mortgage-backed securities 24,048 (3,020) 1,806 (532) 25,854 (3,552) Non-agency commercial mortgage-backed securities 4,155 (421) 485 (127) 4,640 (548) Asset-backed securities and other debt securities 4,521 (317) 1,332 (127) 5,853 (444) Total $ 45,821 (5,193) 4,132 (896) 49,953 (6,089) December 31, 2021 Agency residential mortgage-backed securities $ 935 (10) 161 (8) 1,096 (18) Agency commercial mortgage-backed securities 2,886 (49) 424 (20) 3,310 (69) Non-agency commercial mortgage-backed securities 1,052 (13) — — 1,052 (13) Asset-backed securities and other debt securities 2,870 (34) 367 (10) 3,237 (44) Total $ 7,743 (106) 952 (38) 8,695 (144) At September 30, 2022 and December 31, 2021, $75 million and $2 million, respectively, of unrealized losses in the available-for-sale debt and other securities portfolio were related to non-rated securities.

Loans and Leases

Loans and Leases	9 Months Ended
	Sep. 30, 2022
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) September 30, December 31, Loans and leases held for sale: Commercial and industrial loans $ 68 7 Commercial mortgage loans — 13 Commercial leases 1 1 Residential mortgage loans 1,871 4,394 Total loans and leases held for sale $ 1,940 4,415 Portfolio loans and leases: Commercial and industrial loans (a) $ 56,437 51,659 Commercial mortgage loans 10,947 10,316 Commercial construction loans 5,573 5,241 Commercial leases 2,821 3,052 Total commercial loans and leases $ 75,778 70,268 Residential mortgage loans $ 17,600 16,397 Home equity 4,000 4,084 Indirect secured consumer loans 16,646 16,783 Credit card 1,770 1,766 Other consumer loans 4,205 2,752 Total consumer loans $ 44,221 41,782 Total portfolio loans and leases $ 119,999 112,050 (a) Includes $210 million and $1.3 billion as of September 30, 2022 and December 31, 2021, respectively, related to the SBA’s Paycheck Protection Program. Portfolio loans and leases are recorded net of unearned income, which totaled $241 million and $244 million as of September 30, 2022 and December 31, 2021, respectively. 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 $355 million and $498 million as of September 30, 2022 and December 31, 2021, respectively. The amortized cost basis of loans and leases excludes accrued interest receivable of $403 million and $332 million at September 30, 2022 and December 31, 2021, 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 $16.7 billion and $15.3 billion as of September 30, 2022 and December 31, 2021, respectively, pledged at the FHLB, and loans of $56.6 billion and $50.9 billion at September 30, 2022 and December 31, 2021, respectively, pledged at the FRB. The following table presents a summary of the total loans and leases owned by the Bancorp as of: Carrying Value 90 Days Past Due and Still Accruing (a) ($ in millions) September 30, December 31, September 30, December 31, Commercial and industrial loans $ 56,505 51,666 16 17 Commercial mortgage loans 10,947 10,329 — 1 Commercial construction loans 5,573 5,241 — 1 Commercial leases 2,822 3,053 10 — Residential mortgage loans 19,471 20,791 7 72 Home equity 4,000 4,084 1 1 Indirect secured consumer loans 16,646 16,783 10 9 Credit card 1,770 1,766 14 15 Other consumer loans 4,205 2,752 1 1 Total loans and leases $ 121,939 116,465 59 117 Less: Loans and leases held for sale 1,940 4,415 Total portfolio loans and leases $ 119,999 112,050 (a) Excludes government guaranteed residential mortgage loans. The following table presents a summary of net charge-offs (recoveries): For the three months ended For the nine months ended ($ in millions) 2022 2021 2022 2021 Commercial and industrial loans $ 34 5 76 45 Commercial mortgage loans — (1) (1) 8 Commercial construction loans (1) — 2 — Commercial leases (1) — (1) (2) Residential mortgage loans (1) (1) (2) (2) Home equity (1) (1) (2) (2) Indirect secured consumer loans 10 (1) 23 8 Credit card 12 12 39 57 Other consumer loans 10 8 25 24 Total net charge-offs $ 62 21 159 136 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 portfolio leases as of: ($ in millions) (a) September 30, December 31, 2021 Net investment in direct financing leases: Lease payment receivable (present value) $ 655 886 Unguaranteed residual assets (present value) 129 147 Net premium on acquired leases 1 1 Net investment in sales-type leases: Lease payment receivable (present value) 1,721 1,678 Unguaranteed residual assets (present value) 67 55 (a) Excludes $248 and $285 of leveraged leases at September 30, 2022 and December 31, 2021, respectively. Interest income recognized in the Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2022 was $7 million and $22 million, respectively, for direct financing leases and $13 million and $36 million, respectively, for sales-type leases. For the three and nine months ended September 30, 2021, interest income recognized was $10 million and $33 million, respectively, for direct financing leases and $11 million and $31 million, respectively, for sales-type leases. The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows: As of September 30, 2022 ($ in millions) Direct Financing Sales-Type Leases Remainder of 2022 $ 52 139 2023 211 494 2024 152 407 2025 111 342 2026 83 189 2027 44 137 Thereafter 44 141 Total undiscounted cash flows $ 697 1,849 Less: Difference between undiscounted cash flows and discounted cash flows 42 128 Present value of lease payments (recognized as lease receivables) $ 655 1,721 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 $16 million and $15 million at September 30, 2022 and December 31, 2021, 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 lease residual value. 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	9 Months Ended
	Sep. 30, 2022
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 September 30, 2022 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,165 248 601 2,014 Losses charged off (a) (47) (1) (56) (104) Recoveries of losses previously charged off (a) 15 2 25 42 Provision for loan and lease losses 25 5 117 147 Balance, end of period $ 1,158 254 687 2,099 (a) The Bancorp recorded $8 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the three months ended September 30, 2021 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,224 235 574 2,033 Losses charged off (a) (10) (1) (45) (56) Recoveries of losses previously charged off (a) 6 2 27 35 Benefit from loan and lease losses (53) (1) (4) (58) Balance, end of period $ 1,167 235 552 1,954 (a) The Bancorp recorded $7 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the nine months ended September 30, 2022 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,102 235 555 1,892 Losses charged off (a) (95) (2) (162) (259) Recoveries of losses previously charged off (a) 19 4 77 100 Provision for loan and lease losses 132 17 217 366 Balance, end of period $ 1,158 254 687 2,099 (a) The Bancorp record ed $23 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the nine months ended September 30, 2021 ($ in millions) Commercial Residential Mortgage Consumer Total Balance, beginning of period $ 1,456 294 703 2,453 Losses charged off (a) (91) (3) (174) (268) Recoveries of losses previously charged off (a) 40 5 87 132 Benefit from loan and lease losses (238) (61) (64) (363) Balance, end of period $ 1,167 235 552 1,954 (a) The Bancorp recorded $25 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment: As of September 30, 2022 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 63 50 44 157 Collectively evaluated 1,095 204 643 1,942 Total ALLL $ 1,158 254 687 2,099 Portfolio loans and leases: (b) Individually evaluated $ 561 557 301 1,419 Collectively evaluated 75,217 16,918 26,320 118,455 Total portfolio loans and leases $ 75,778 17,475 26,621 119,874 (a) Includes $2 related to commercial leveraged leases at September 30, 2022. (b) Excludes $125 of residential mortgage loans measured at fair value and includes $248 of commercial leveraged leases, net of unearned income at September 30, 2022. As of December 31, 2021 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 77 46 41 164 Collectively evaluated 1,025 189 514 1,728 Total ALLL $ 1,102 235 555 1,892 Portfolio loans and leases: (b) Individually evaluated $ 579 460 313 1,352 Collectively evaluated 69,689 15,783 25,072 110,544 Total portfolio loans and leases $ 70,268 16,243 25,385 111,896 (a) Includes $2 related to commercial leveraged leases at December 31, 2021. (b) Excludes $154 of residential mortgage loans measured at fair value and includes $285 of commercial leveraged leases, net of unearned income at December 31, 2021. 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, 2021. 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 September 30, 2022 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2022 2021 2020 2019 2018 Prior Total Commercial and industrial loans: Pass $ 3,105 3,508 1,145 567 348 631 43,715 — 53,019 Special mention 41 48 22 40 8 23 1,072 — 1,254 Substandard 60 86 245 28 10 149 1,566 — 2,144 Doubtful 14 — — — — — 6 — 20 Total commercial and industrial loans $ 3,220 3,642 1,412 635 366 803 46,359 — 56,437 Commercial mortgage owner-occupied loans: Pass $ 976 893 571 284 192 304 1,414 — 4,634 Special mention 12 20 15 11 13 5 52 — 128 Substandard 21 16 33 83 15 38 99 — 305 Doubtful — — — — — — — — — Total commercial mortgage owner- occupied loans $ 1,009 929 619 378 220 347 1,565 — 5,067 Commercial mortgage nonowner-occupied loans: Pass $ 919 440 520 485 241 195 2,465 — 5,265 Special mention — 161 28 — — 28 136 — 353 Substandard 100 1 18 4 3 17 119 — 262 Doubtful — — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 1,019 602 566 489 244 240 2,720 — 5,880 Commercial construction loans: Pass $ 75 28 93 9 35 7 4,895 — 5,142 Special mention — — — — — — 151 — 151 Substandard 49 — — — — 2 229 — 280 Doubtful — — — — — — — — — Total commercial construction loans $ 124 28 93 9 35 9 5,275 — 5,573 Commercial leases: Pass $ 444 715 331 214 167 782 — — 2,653 Special mention — 24 4 6 22 23 — — 79 Substandard 1 9 7 9 13 50 — — 89 Doubtful — — — — — — — — — Total commercial leases $ 445 748 342 229 202 855 — — 2,821 Total commercial loans and leases: Pass $ 5,519 5,584 2,660 1,559 983 1,919 52,489 — 70,713 Special mention 53 253 69 57 43 79 1,411 — 1,965 Substandard 231 112 303 124 41 256 2,013 — 3,080 Doubtful 14 — — — — — 6 — 20 Total commercial loans and leases $ 5,817 5,949 3,032 1,740 1,067 2,254 55,919 — 75,778 As of December 31, 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 $ 4,266 2,291 1,198 552 356 752 39,486 — 48,901 Special mention 37 22 12 29 22 5 665 — 792 Substandard 19 52 36 69 52 115 1,623 — 1,966 Doubtful — — — — — — — — — Total commercial and industrial loans $ 4,322 2,365 1,246 650 430 872 41,774 — 51,659 Commercial mortgage owner-occupied loans: Pass $ 1,082 804 471 296 183 331 1,141 — 4,308 Special mention — 31 46 17 2 40 69 — 205 Substandard 22 38 3 12 3 27 91 — 196 Doubtful — — — — — — — — — Total commercial mortgage owner-occupied loans $ 1,104 873 520 325 188 398 1,301 — 4,709 Commercial mortgage nonowner-occupied loans: Pass $ 635 733 595 284 141 302 1,977 — 4,667 Special mention 89 12 11 5 7 9 162 — 295 Substandard 160 78 4 3 9 3 388 — 645 Doubtful — — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 884 823 610 292 157 314 2,527 — 5,607 Commercial construction loans: Pass $ 50 69 11 37 — 9 4,488 — 4,664 Special mention — 39 — — — — 193 — 232 Substandard 17 — — — — — 328 — 345 Doubtful — — — — — — — — — Total commercial construction loans $ 67 108 11 37 — 9 5,009 — 5,241 Commercial leases: Pass $ 1,019 436 284 231 233 776 — — 2,979 Special mention 4 4 5 9 — 8 — — 30 Substandard 7 3 8 10 13 2 — — 43 Doubtful — — — — — — — — — Total commercial leases $ 1,030 443 297 250 246 786 — — 3,052 Total commercial loans and leases: Pass $ 7,052 4,333 2,559 1,400 913 2,170 47,092 — 65,519 Special mention 130 108 74 60 31 62 1,089 — 1,554 Substandard 225 171 51 94 77 147 2,430 — 3,195 Doubtful — — — — — — — — — Total commercial loans and leases $ 7,407 4,612 2,684 1,554 1,021 2,379 50,611 — 70,268 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 September 30, 2022 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans (b) $ 56,256 144 37 181 56,437 16 Commercial mortgage owner-occupied loans 5,050 16 1 17 5,067 — Commercial mortgage nonowner-occupied loans 5,876 3 1 4 5,880 — Commercial construction loans 5,571 — 2 2 5,573 — Commercial leases 2,802 9 10 19 2,821 10 Total portfolio commercial loans and leases $ 75,555 172 51 223 75,778 26 (a) Includes accrual and nonaccrual loans and leases. (b) Includes loans related to the SBA’s Paycheck Protection Program of which $3 were 30-89 days past due and $8 were 90 days or more past due. Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of December 31, 2021 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans (b) $ 51,549 61 49 110 51,659 17 Commercial mortgage owner-occupied loans 4,701 4 4 8 4,709 1 Commercial mortgage nonowner-occupied loans 5,606 — 1 1 5,607 — Commercial construction loans 5,241 — — — 5,241 1 Commercial leases 3,035 16 1 17 3,052 — Total portfolio commercial loans and leases $ 70,132 81 55 136 70,268 19 (a) Includes accrual and nonaccrual loans and leases. (b) Includes loans related to the SBA’s Paycheck Protection Program, of which $20 were 30-89 days past due and $6 were 90 days or more past due. 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 are presented in the following table. 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, 2021 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 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, 2021 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 September 30, 2022 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2022 2021 2020 2019 2018 Prior Total Residential mortgage loans: Performing: Current (a) $ 2,836 5,528 3,042 1,079 358 4,495 — — 17,338 30-89 days past due 1 1 2 1 — 12 — — 17 90 days or more past due — 1 — — 1 5 — — 7 Total performing 2,837 5,530 3,044 1,080 359 4,512 — — 17,362 Nonperforming — 2 3 4 6 98 — — 113 Total residential mortgage loans (b) $ 2,837 5,532 3,047 1,084 365 4,610 — — 17,475 Home equity: Performing: Current $ 12 2 5 9 13 93 3,760 15 3,909 30-89 days past due — — — — — 2 20 — 22 90 days or more past due — — — — — 1 — — 1 Total performing 12 2 5 9 13 96 3,780 15 3,932 Nonperforming — — — — — 8 59 1 68 Total home equity $ 12 2 5 9 13 104 3,839 16 4,000 Indirect secured consumer loans: Performing: Current $ 4,944 6,430 2,920 1,413 508 298 — — 16,513 30-89 days past due 18 32 23 19 11 5 — — 108 90 days or more past due 1 3 2 2 1 1 — — 10 Total performing 4,963 6,465 2,945 1,434 520 304 — — 16,631 Nonperforming — 1 6 3 3 2 — — 15 Total indirect secured consumer loans $ 4,963 6,466 2,951 1,437 523 306 — — 16,646 Credit card: Performing: Current $ — — — — — — 1,715 — 1,715 30-89 days past due — — — — — — 18 — 18 90 days or more past due — — — — — — 14 — 14 Total performing — — — — — — 1,747 — 1,747 Nonperforming — — — — — — 23 — 23 Total credit card $ — — — — — — 1,770 — 1,770 Other consumer loans: Performing: Current $ 1,723 607 391 191 125 160 957 24 4,178 30-89 days past due 5 5 3 2 2 2 4 — 23 90 days or more past due — — — — — — 1 — 1 Total performing 1,728 612 394 193 127 162 962 24 4,202 Nonperforming 1 1 — — — 1 — — 3 Total other consumer loans $ 1,729 613 394 193 127 163 962 24 4,205 Total residential mortgage and consumer loans: Performing: Current $ 9,515 12,567 6,358 2,692 1,004 5,046 6,432 39 43,653 30-89 days past due 24 38 28 22 13 21 42 — 188 90 days or more past due 1 4 2 2 2 7 15 — 33 Total performing 9,540 12,609 6,388 2,716 1,019 5,074 6,489 39 43,874 Nonperforming 1 4 9 7 9 109 82 1 222 Total residential mortgage and consumer loans (b) $ 9,541 12,613 6,397 2,723 1,028 5,183 6,571 40 44,096 (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 September 30, 2022, $74 of these loans were 30-89 days past due and $139 were 90 days or more past due. The Bancorp recognized an immaterial amount and $2 of losses during the three and nine months ended September 30, 2022, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $125 of residential mortgage loans measured at fair value at September 30, 2022, including $2 of nonperforming loans. As of December 31, 2021 ($ 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) $ 5,886 3,309 1,294 418 954 4,261 — — 16,122 30-89 days past due 1 1 1 1 1 13 — — 18 90 days or more past due — 2 4 3 9 52 — — 70 Total performing 5,887 3,312 1,299 422 964 4,326 — — 16,210 Nonperforming — — 1 — 2 30 — — 33 Total residential mortgage loans (b) $ 5,887 3,312 1,300 422 966 4,356 — — 16,243 Home equity: Performing: Current $ 2 6 13 18 2 113 3,815 12 3,981 30-89 days past due — — — — — 3 22 — 25 90 days or more past due — — — — — 1 — — 1 Total performing 2 6 13 18 2 117 3,837 12 4,007 Nonperforming — — — — — 9 67 1 77 Total home equity $ 2 6 13 18 2 126 3,904 13 4,084 Indirect secured consumer loans: Performing: Current $ 8,732 4,206 2,221 902 389 194 — — 16,644 30-89 days past due 26 24 25 17 8 3 — — 103 90 days or more past due 2 2 2 2 1 — — — 9 Total performing 8,760 4,232 2,248 921 398 197 — — 16,756 Nonperforming — 12 5 5 3 2 — — 27 Total indirect secured consumer loans $ 8,760 4,244 2,253 926 401 199 — — 16,783 Credit card: Performing: Current $ — — — — — — 1,710 — 1,710 30-89 days past due — — — — — — 18 — 18 90 days or more past due — — — — — — 15 — 15 Total performing — — — — — — 1,743 — 1,743 Nonperforming — — — — — — 23 — 23 Total credit card $ — — — — — — 1,766 — 1,766 Other consumer loans: Performing: Current $ 692 530 275 174 105 47 913 — 2,736 30-89 days past due 3 2 3 2 1 — 2 1 14 90 days or more past due — — 1 — — — — — 1 Total performing 695 532 279 176 106 47 915 1 2,751 Nonperforming — — — — — — 1 — 1 Total other consumer loans $ 695 532 279 176 106 47 916 1 2,752 Total residential mortgage and consumer loans: Performing: Current $ 15,312 8,051 3,803 1,512 1,450 4,615 6,438 12 41,193 30-89 days past due 30 27 29 20 10 19 42 1 178 90 days or more past due 2 4 7 5 10 53 15 — 96 Total performing 15,344 8,082 3,839 1,537 1,470 4,687 6,495 13 41,467 Nonperforming — 12 6 5 5 41 91 1 161 Total residential mortgage and consumer loans (b) $ 15,344 8,094 3,845 1,542 1,475 4,728 6,586 14 41,628 (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, 2021, $49 of these loans were 30-89 days past due and $139 were 90 days or more past due. The Bancorp recognized $1 and $2 of losses during the three and nine months ended September 30, 2021 due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $154 of residential mortgage loans measured at fair value at December 31, 2021, including $2 of 90 days or more past due loans. Collateral-Dependent Loans and Leases The Bancorp considers a loan or lease to be collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. When a loan or lease is collateral-dependent, its fair value is generally based on the fair value less cost to sell of the underlying collateral. The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of: ($ in millions) September 30, December 31, Commercial loans and leases: Commercial and industrial loans $ 469 467 Commercial mortgage owner-occupied loans 12 22 Commercial mortgage nonowner-occupied loans 29 31 Commercial construction loans 50 56 Commercial leases 1 3 Total commercial loans and leases $ 561 579 Residential mortgage loans 60 60 Consumer loans: Home equity 55 58 Indirect secured consumer loans 7 8 Total consumer loans $ 62 66 Total portfolio loans and leases $ 683 705 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 commercial, credit card and consumer loans which do not meet the requirements to be classified as a performing asset; 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: September 30, 2022 December 31, 2021 ($ in millions) With an ALLL No Related Total With an ALLL No Related Total Commercial loans and leases: Commercial and industrial loans $ 151 103 254 151 128 279 Commercial mortgage owner-occupied loans 8 8 16 10 13 23 Commercial mortgage nonowner-occupied loans 21 3 24 22 3 25 Commercial construction loans — 2 2 6 — 6 Commercial leases — 2 2 3 1 4 Total nonaccrual portfolio commercial loans and leases $ 180 118 298 192 145 337 Residential mortgage loans 70 45 115 14 19 33 Consumer loans: Home equity 49 19 68 53 24 77 Indirect secured consumer loans 12 3 15 21 6 27 Credit card 23 — 23 23 — 23 Other consumer loans 3 — 3 1 — 1 Total nonaccrual portfolio consumer loans $ 87 22 109 98 30 128 Total nonaccrual portfolio loans and leases (a)(b) $ 337 185 522 304 194 498 OREO and other repossessed property — 24 24 — 29 29 Total nonperforming portfolio assets (a)(b) $ 337 209 546 304 223 527 (a) Excludes an immaterial amount and $15 of nonaccrual loans held for sale as of September 30, 2022 and December 31, 2021, respectively. (b) Includes $14 and $26 of nonaccrual government insured commercial loans whose repayments are insured by the SBA as of September 30, 2022 and December 31, 2021, respectively, of which $8 and $11 are restructured nonaccrual government insured commercial loans as of September 30, 2022 and December 31, 2021, respectively. The Bancorp recognized an immaterial amount of interest income on nonaccrual loans and leases for both the three and nine months ended September 30, 2022 and 2021. 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 $167 million and $84 million as of September 30, 2022 and December 31, 2021, 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, 2021 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, 2021 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 $122 million and $66 million, respectively, as of September 30, 2022 compared to $121 million and $66 million, respectively, as of December 31, 2021. The following tables provide a summary of portfolio loans, by class, modified in a TDR by the Bancorp during the three months ended: September 30, 2022 ($ 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 19 $ 31 — — Commercial mortgage owner-occupied loans 2 1 — — Residential mortgage loans 190 28 — — Consumer loans: Home equity 54 3 (1) — Indirect secured consumer loans 448 7 — — Credit card 1,380 7 3 — Total portfolio loans 2,093 $ 77 2 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. September 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 29 $ 23 (1) — Commercial mortgage owner-occupied loans 3 1 — — Commercial mortgage nonowner-occupied loans 1 — — — Residential mortgage loans 98 15 1 — Consumer loans: Home equity 54 3 (1) — Indirect secured consumer loans 1,045 19 — — Credit card 1,170 6 2 — Total portfolio loans 2,400 $ 67 1 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. The following tables provide a summary of loans and leases, by class, modified in a TDR by the Bancorp during the nine months ended: September 30, 2022 ($ 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 69 $ 196 13 — Commercial mortgage owner-occupied loans 8 5 (1) — Commercial mortgage nonowner-occupied loans 3 23 — — Commercial construction loans 2 4 (3) — Residential mortgage loans 928 143 7 — Consumer loans: Home equity 178 13 (3) — Indirect secured consumer loans 2,499 48 1 — Credit card 3,694 19 8 — Total portfolio loans 7,381 $ 451 22 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. September 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 55 $ 54 — — Commercial mortgage owner-occupied loans 4 6 — — Commercial mortgage nonowner-occupied loans 4 26 — — Residential mortgage loans 400 74 3 — Consumer loans: Home equity 151 8 (2) — Indirect secured consumer loans 3,238 70 1 — Credit card 4,338 24 6 — Total portfolio loans 8,190 $ 262 8 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. The Bancorp considers TDRs that become 90 days or more past due under the modified terms as subsequently defaulted. For commercial loans not subject to individual evaluation for an ALLL, the applicable commercial models are applied for purposes of determining the ALLL as well as qualitatively assessing whether those loans are reasonably expected to be further restructured prior to their maturity date and, if so, the impact such a restructuring would have on the remaining contractual life of the loans. When a residential mortgage, home equity, indirect secured consumer or other consumer loan that has been modified in a TDR subsequently defaults, the present value of expected cash flows used in the measurement of the expected credit loss is generally limited to the expected net proceeds fr

Bank Premises and Equipment

Bank Premises and Equipment	9 Months Ended
	Sep. 30, 2022
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) September 30, December 31, Equipment $ 2,468 2,392 Buildings (a) 1,680 1,668 Land and improvements (a) 646 645 Leasehold improvements 537 517 Construction in progress (a) 118 84 Bank premises and equipment held for sale: Land and improvements 18 18 Buildings 6 6 Accumulated depreciation and amortization (3,318) (3,210) Total bank premises and equipment $ 2,155 2,120 (a) Buildings, land and improvements and construction in progress included $28 and $39 associated with parcels of undeveloped land intended for future branch expansion at September 30, 2022 and December 31, 2021, 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 41 banking centers throughout its footprint during the nine months ended September 30, 2022. 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 $1 million and $3 million for the three months ended September 30, 2022 and 2021, respectively, and $2 million and $7 million for the nine months ended September 30, 2022 and 2021, respectively. The recognized impairment losses were recorded in other noninterest income in the Condensed Consolidated Statements of Income.

Operating Lease Equipment

Operating Lease Equipment	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Operating Lease Equipment	Operating Lease Equipment Operating lease equipment was $612 million and $616 million at September 30, 2022 and December 31, 2021, respectively, net of accumulated depreciation of $326 million and $304 million at September 30, 2022 and December 31, 2021, respectively. The Bancorp recorded lease income of $36 million and $38 million relating to lease payments for operating leases in leasing business revenue in the Condensed Consolidated Statements of Income during the three months ended September 30, 2022 and 2021, respectively, and $108 million and $116 million during the nine months ended September 30, 2022 and 2021, respectively. Depreciation expense related to operating lease equipment was $30 million and $31 million during the three months ended September 30, 2022 and 2021, respectively, and $89 million and $95 million during the nine months ended September 30, 2022 and 2021, respectively. The Bancorp received payments of $109 million and $118 million related to operating leases during the nine months ended September 30, 2022 and 2021, respectively. 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 did not recognize any impairment losses associated with operating lease assets during both the three months ended September 30, 2022 and 2021, and recognized $2 million and $25 million of impairment losses during the nine months ended September 30, 2022 and 2021, respectively. The recognized impairment losses were recorded in leasing business revenue in the Condensed Consolidated Statements of Income. The following table presents future lease payments receivable from operating leases for the remainder of 2022 through 2027 and thereafter: As of September 30, 2022 ($ in millions) Undiscounted Remainder of 2022 $ 36 2023 129 2024 95 2025 68 2026 44 2027 20 Thereafter 20 Total operating lease payments $ 412

Lease Obligations - Lessee

Lease Obligations - Lessee	9 Months Ended
	Sep. 30, 2022
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, 2021. The following table provides a summary of lease assets and lease liabilities as of: ($ in millions) Condensed Consolidated Balance Sheets Caption September 30, December 31, Assets Operating lease right-of-use assets Other assets $ 479 427 Finance lease right-of-use assets Bank premises and equipment 158 145 Total right-of-use assets (a) $ 637 572 Liabilities Operating lease liabilities Accrued taxes, interest and expenses $ 568 520 Finance lease liabilities Long-term debt 163 149 Total lease liabilities $ 731 669 (a) Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $239 and $61, respectively, as of September 30, 2022, and $198 and $47, respectively, as of December 31, 2021. The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the nine months ended 2022 2021 2022 2021 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 5 5 14 14 Interest on lease liabilities Interest on long-term debt 1 1 4 3 Total finance lease costs $ 6 6 18 17 Operating lease cost Net occupancy expense $ 21 20 62 59 Short-term lease cost Net occupancy expense — — 1 1 Variable lease cost Net occupancy expense 8 8 21 24 Sublease income Net occupancy expense (1) (1) (2) (2) Total operating lease costs $ 28 27 82 82 Total lease costs $ 34 33 100 99 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 an immaterial amount and $1 million of impairment losses and termination charges for the ROU assets related to certain operating leases during the three months ended September 30, 2022 and 2021, respectively, and $2 million and $3 million during the nine months ended September 30, 2022 and 2021, respectively. The recognized losses were recorded in net occupancy expense in the Condensed Consolidated Statements of Income. The following table presents undiscounted cash flows for both operating leases and finance leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of September 30, 2022 ($ in millions) Operating Finance Total Remainder of 2022 $ 23 6 29 2023 87 21 108 2024 80 21 101 2025 73 14 87 2026 64 9 73 2027 56 8 64 Thereafter 287 131 418 Total undiscounted cash flows $ 670 210 880 Less: Difference between undiscounted cash flows and discounted cash flows 102 47 149 Present value of lease liabilities $ 568 163 731 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: September 30, December 31, Weighted-average remaining lease term (years): Operating leases 10.14 8.92 Finance leases 15.36 14.70 Weighted-average discount rate: Operating leases 3.02 % 2.88 Finance leases 2.90 2.74 The following table presents information related to lease transactions for the nine months ended September 30: ($ in millions) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 67 66 Operating cash flows from finance leases 4 3 Financing cash flows from finance leases 13 12 Gains on sale-leaseback transactions 4 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, 2021. The following table provides a summary of lease assets and lease liabilities as of: ($ in millions) Condensed Consolidated Balance Sheets Caption September 30, December 31, Assets Operating lease right-of-use assets Other assets $ 479 427 Finance lease right-of-use assets Bank premises and equipment 158 145 Total right-of-use assets (a) $ 637 572 Liabilities Operating lease liabilities Accrued taxes, interest and expenses $ 568 520 Finance lease liabilities Long-term debt 163 149 Total lease liabilities $ 731 669 (a) Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $239 and $61, respectively, as of September 30, 2022, and $198 and $47, respectively, as of December 31, 2021. The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the nine months ended 2022 2021 2022 2021 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 5 5 14 14 Interest on lease liabilities Interest on long-term debt 1 1 4 3 Total finance lease costs $ 6 6 18 17 Operating lease cost Net occupancy expense $ 21 20 62 59 Short-term lease cost Net occupancy expense — — 1 1 Variable lease cost Net occupancy expense 8 8 21 24 Sublease income Net occupancy expense (1) (1) (2) (2) Total operating lease costs $ 28 27 82 82 Total lease costs $ 34 33 100 99 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 an immaterial amount and $1 million of impairment losses and termination charges for the ROU assets related to certain operating leases during the three months ended September 30, 2022 and 2021, respectively, and $2 million and $3 million during the nine months ended September 30, 2022 and 2021, respectively. The recognized losses were recorded in net occupancy expense in the Condensed Consolidated Statements of Income. The following table presents undiscounted cash flows for both operating leases and finance leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of September 30, 2022 ($ in millions) Operating Finance Total Remainder of 2022 $ 23 6 29 2023 87 21 108 2024 80 21 101 2025 73 14 87 2026 64 9 73 2027 56 8 64 Thereafter 287 131 418 Total undiscounted cash flows $ 670 210 880 Less: Difference between undiscounted cash flows and discounted cash flows 102 47 149 Present value of lease liabilities $ 568 163 731 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: September 30, December 31, Weighted-average remaining lease term (years): Operating leases 10.14 8.92 Finance leases 15.36 14.70 Weighted-average discount rate: Operating leases 3.02 % 2.88 Finance leases 2.90 2.74 The following table presents information related to lease transactions for the nine months ended September 30: ($ in millions) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 67 66 Operating cash flows from finance leases 4 3 Financing cash flows from finance leases 13 12 Gains on sale-leaseback transactions 4 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.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Business combinations entered into by the Bancorp typically result in the recognition of goodwill. Acquisition activity includes acquisitions in the respective period in addition to purchase accounting adjustments related to previous acquisitions. During the third quarter of 2022, the Bancorp reorganized its management reporting structure and now reports on three business segments, which are also reporting units: Commercial Banking, Consumer and Small Business Banking and Wealth and Asset Management. In conjunction with this reorganization, the Bancorp reallocated a portion of its goodwill from Consumer and Small Business Banking to Commercial Banking using a relative fair value approach for the portions of the business which were transferred between reporting units. Refer to Note 23 for additional information. The Bancorp completed its annual goodwill impairment test as of September 30, 2022 and the estimated fair values of the Commercial Banking, Consumer and Small Business Banking and Wealth and Asset Management reporting units exceeded their carrying values, including goodwill. Changes in the net carrying amount of goodwill, by reporting unit, for the nine months ended September 30, 2022 and the year ended December 31, 2021 were as follows: ($ in millions) Commercial Consumer and Small Business Wealth General Total Goodwill $ 2,730 2,262 231 — 5,223 Accumulated impairment losses (750) (215) — — (965) Net carrying value as of December 31, 2020 $ 1,980 2,047 231 — 4,258 Acquisition activity — 256 — — 256 Net carrying value as of December 31, 2021 1,980 2,303 231 — 4,514 Acquisition activity — 450 — — 450 Reallocation of goodwill 378 (378) — — — Sale of businesses (34) — (5) — (39) Net carrying value as of September 30, 2022 $ 2,324 2,375 226 — 4,925

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Intangible Assets Intangible assets consist of core deposit intangibles, developed technology, 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 increase in the gross carrying amount of intangible assets from the year ended December 31, 2021 reflects acquisition activity during the second quarter of 2022, which included the recognition of $44 million in developed technology, $12 million in customer relationships, $7 million in trade name and $3 million of backlog. These assets will be amortized over their remaining useful life, which was estimated to be 5, 12, 5 and 5 years, respectively, at the time of acquisition. The details of the Bancorp’s intangible assets are shown in the following table: ($ in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount As of September 30, 2022 Core deposit intangibles $ 229 (175) 54 Developed technology 106 (12) 94 Customer relationships 30 (7) 23 Operating leases 8 (7) 1 Other 14 (5) 9 Total intangible assets $ 387 (206) 181 As of December 31, 2021 Core deposit intangibles $ 229 (153) 76 Developed technology 62 (3) 59 Customer relationships 25 (7) 18 Operating leases 11 (9) 2 Other 4 (3) 1 Total intangible assets $ 331 (175) 156 As of September 30, 2022, all of the Bancorp’s intangible assets were being amortized. Amortization expense recognized on intangible assets was $13 million and $12 million for the three months ended September 30, 2022 and 2021, respectively, and $36 million and $34 million for the nine months ended September 30, 2022 and 2021, respectively. The Bancorp’s projections of amortization expense shown in the following table are based on existing asset balances as of September 30, 2022. Future amortization expense may vary from these projections. Estimated amortization expense for the remainder of 2022 through 2026 is as follows: ($ in millions) Total Remainder of 2022 $ 12 2023 43 2024 35 2025 28 2026 22

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2022
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 an automobile loan securitization and a solar loan securitization 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 the consolidated VIEs as of: ($ in millions) September 30, December 31, Assets: Other short-term investments $ 19 24 Indirect secured consumer loans 177 322 Other consumer loans 46 — ALLL (3) (2) Other assets 2 2 Total assets $ 241 346 Liabilities: Other liabilities $ 9 1 Long-term debt 156 263 Total liabilities $ 165 264 As a result of a business acquisition in the second quarter of 2022, the Bancorp acquired interests in a previously completed securitization transaction in which solar loans were transferred to a bankruptcy remote trust which was deemed to be a VIE. Additionally, the Bancorp previously completed a securitization transaction in which the Bancorp transferred certain consumer automobile loans to a bankruptcy remote trust which was deemed to be a VIE. 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 access to liquidity for 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: September 30, 2022 ($ in millions) Total Total Maximum CDC investments $ 1,759 614 1,759 Private equity investments 177 — 340 Loans provided to VIEs 4,244 — 6,118 Lease pool entities 63 — 63 Solar loan securitizations 10 — 10 December 31, 2021 ($ in millions) Total Total Maximum CDC investments $ 1,705 580 1,705 Private equity investments 133 — 257 Loans provided to VIEs 3,386 — 4,873 Lease pool entities 68 — 68 CDC investments CDC, a wholly-owned indirect subsidiary of the Bancorp, was created to invest in projects to create affordable housing and revitalize business and residential areas. 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, 2021. 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 $1.5 billion and $1.4 billion of investments in affordable housing tax credits recognized in other assets in the Condensed Consolidated Balance Sheets at September 30, 2022 and December 31, 2021, respectively. The unfunded commitments related to these investments were $607 million and $573 million at September 30, 2022 and December 31, 2021, respectively. The unfunded commitments as of September 30, 2022 are expected to be funded from 2022 to 2039. The Bancorp has accounted for all of its qualifying LIHTC investments using the proportional amortization method of accounting. The following table summarizes the impact to the Condensed Consolidated Statements of Income related to these investments: Condensed Consolidated Statements of Income Caption (a) For the three months ended September 30, For the nine months ended September 30, ($ in millions) 2022 2021 2022 2021 Proportional amortization Applicable income tax expense $ 53 38 130 125 Tax credits and other benefits Applicable income tax expense (58) (47) (149) (148) (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 nine months ended September 30, 2022 and 2021. 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 providing strategic opportunities in certain cases. 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 September 30, 2022 and December 31, 2021, the Bancorp’s unfunded commitment amounts to the private equity funds were $163 million and $124 million, respectively. As part of previous commitments, the Bancorp made capital contributions to private equity investments of $7 million and $4 million during the three months ended September 30, 2022 and 2021, respectively, and $28 million and $12 million during the nine months ended September 30, 2022 and 2021, 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 September 30, 2022 and December 31, 2021, the Bancorp’s unfunded commitments to these entities were $1.9 billion and $1.5 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. Solar loan securitizations

Sales of Receivables and Servic

Sales of Receivables and Servicing Rights	9 Months Ended
	Sep. 30, 2022
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 nine months ended September 30, 2022 and 2021. 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 nine months ended ($ in millions) 2022 2021 2022 2021 Residential mortgage loan sales (a) $ 3,943 4,722 10,445 12,348 Origination fees and gains on loan sales 24 78 73 248 Gross mortgage servicing fees 81 63 230 181 (a) Represents the unpaid principal balance at the time of the sale. Servicing Rights The Bancorp measures all of its mortgage 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 nine months ended September 30: ($ in millions) 2022 2021 Balance, beginning of period $ 1,121 656 Servicing rights originated 186 172 Servicing rights purchased 208 210 Changes in fair value: Due to changes in inputs or assumptions (a) 358 123 Other changes in fair value (b) (141) (218) Balance, end of period $ 1,732 943 (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 nine months ended ($ in millions) 2022 2021 2022 2021 Securities losses, net – non-qualifying hedges on mortgage servicing rights $ (1) — (2) (2) Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio (a) (84) (11) (368) (99) MSR fair value adjustment due to changes in inputs or assumptions (a) 83 20 358 123 (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 September 30, 2022 and 2021 were as follows: September 30, 2022 September 30, 2021 Weighted- Prepayment OAS Weighted- Prepayment OAS Fixed-rate 6.9 11.3 % 760 6.5 10.8 % 777 Adjustable-rate 2.2 35.1 803 2.8 28.1 627 At September 30, 2022 and December 31, 2021, the Bancorp serviced $102.7 billion and $89.2 billion, respectively, of residential mortgage loans for other investors. The value of MSRs that continue to be held by the Bancorp is subject to credit, prepayment and interest rate risks on the sold financial assets. The weighted-average coupon of the MSR portfolio was 3.53% and 3.45% at September 30, 2022 and December 31, 2021, respectively. At September 30, 2022, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows: ($ in millions) (a) Prepayment OAS Fair Value Weighted- Impact of Adverse Change OAS Impact of Adverse Change on Fair Value Rate 10% 20% 50% 10% 20% Fixed-rate $ 1,726 9.1 5.2 % $ (37) (71) (160) 723 $ (50) (98) Adjustable-rate 6 5.1 20.3 (1) (1) (2) 1,204 — — (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	9 Months Ended
	Sep. 30, 2022
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 September 30, 2022 and December 31, 2021, the balance of collateral held by the Bancorp for derivative assets was $1.4 billion and $1.1 billion, respectively. For derivative contracts cleared through certain central clearing parties whose rules treat variation margin payments as settlements of the derivative contract, the payments for variation margin of $1.2 billion and $771 million as of September 30, 2022 and December 31, 2021, respectively, were applied to reduce the respective derivative contracts and were also not included in the total amount of collateral held. As of September 30, 2022 and December 31, 2021, the credit component negatively impacting the fair value of derivative assets associated with customer accommodation contracts was $9 million and $20 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 both September 30, 2022 and December 31, 2021, the balance of collateral posted by the Bancorp for derivative liabilities was $1.3 billion. Additionally, as of September 30, 2022 and December 31, 2021, $1.2 billion and $570 million, respectively, of variation margin payments were applied to the respective derivative contracts to reduce the Bancorp’s derivative liabilities and were also not included in the total amount of collateral posted. Certain of the Bancorp’s derivative liabilities contain credit-risk related contingent features that could result in the requirement to post additional collateral upon the occurrence of specified events. As of both September 30, 2022 and December 31, 2021, the fair value of the additional collateral that could be required to be posted as a result of the credit-risk-related contingent features being triggered was immaterial to the Bancorp’s Condensed Consolidated Financial Statements. The posting of collateral has been determined to remove the need for further consideration of credit risk. As a result, the Bancorp determined that the impact of the Bancorp’s credit risk to the valuation of its derivative liabilities was immaterial to the Bancorp’s Condensed Consolidated Financial Statements. The Bancorp holds certain derivative instruments that qualify for hedge accounting treatment and are designated as either fair value hedges or cash flow hedges. Derivative instruments that do not qualify for hedge accounting treatment, or for which hedge accounting is not established, are held as free-standing derivatives. All customer accommodation derivatives are held as free-standing derivatives. The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of: Fair Value September 30, 2022 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 3,955 110 212 Total fair value hedges 110 212 Cash flow hedges: Interest rate floors related to C&I loans 3,000 5 — Interest rate swaps related to C&I loans 8,000 — 97 Interest rate swaps related to C&I loans - forward starting (c) 11,000 3 — Interest rate swaps related to commercial mortgage and commercial construction loans 4,000 — 15 Interest rate swaps related to commercial mortgage and commercial construction loans - forward starting (c) 1,000 — — Total cash flow hedges 8 112 Total derivatives designated as qualifying hedging instruments 118 324 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives - risk management and other business purposes: Interest rate contracts related to MSR portfolio 2,975 66 24 Forward contracts related to residential mortgage loans held for sale (b) 2,418 68 7 Swap associated with the sale of Visa, Inc. Class B Shares 2,884 — 174 Foreign exchange contracts 178 8 — Interest-only strips 58 5 — Interest rate contracts for collateral management 12,000 6 5 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 153 210 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 77,980 953 1,726 Interest rate lock commitments 634 3 6 Commodity contracts 15,366 2,367 2,181 TBA securities 50 — — Foreign exchange contracts 26,179 745 705 Total free-standing derivatives – customer accommodation 4,068 4,618 Total derivatives not designated as qualifying hedging instruments 4,221 4,828 Total $ 4,339 5,152 (a) Derivative assets and liabilities are presented net of variation margin of $813 and $49, respectively. (b) Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments. (c) Forward starting swaps will become effective on various dates between February 2023 and January 2025. Fair Value December 31, 2021 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 1,955 393 2 Interest rate swaps related to available-for-sale debt and other securities 445 7 — Total fair value hedges 400 2 Cash flow hedges: Interest rate floors related to C&I loans 3,000 122 — Interest rate swaps related to C&I loans 8,000 — 1 Interest rate swaps related to commercial mortgage and commercial construction loans 4,000 — — Total cash flow hedges 122 1 Total derivatives designated as qualifying hedging instruments 522 3 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives – risk management and other business purposes: Interest rate contracts related to MSR portfolio 6,260 140 — Forward contracts related to residential mortgage loans held for sale (b) 1,952 2 2 Swap associated with the sale of Visa, Inc. Class B Shares 3,545 — 214 Foreign exchange contracts 158 — 1 Interest rate contracts for collateral management 12,000 5 4 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 147 221 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 76,061 578 232 Interest rate lock commitments 673 12 — Commodity contracts 12,376 1,326 1,260 TBA securities 55 — — Foreign exchange contracts 23,148 323 297 Total free-standing derivatives – customer accommodation 2,239 1,789 Total derivatives not designated as qualifying hedging instruments 2,386 2,010 Total $ 2,908 2,013 (a) Derivative assets and liabilities are presented net of variation margin of $104 and $472, respectively. (b) Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments. Fair Value Hedges The Bancorp may enter into interest rate swaps to convert its fixed-rate funding to floating-rate or to hedge the exposure to changes in fair value of a recognized asset attributable to changes in the benchmark interest rate. Decisions to enter into these interest rate swaps are made primarily through consideration of the asset/liability mix of the Bancorp, the desired asset/liability sensitivity and interest rate levels. As of September 30, 2022, certain interest rate swaps met the criteria required to qualify for the shortcut method of accounting that permits the assumption of perfect offset. For all designated fair value hedges of interest rate risk as of September 30, 2022 that were not accounted for under the shortcut method of accounting, the Bancorp performed an assessment of hedge effectiveness using regression analysis with changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk recorded in the same income statement line in current period net income. The following table reflects the changes in fair value of interest rate contracts, designated as fair value hedges and the changes in fair value of the related hedged items attributable to the risk being hedged, as well as the line items in the Condensed Consolidated Statements of Income in which the corresponding gains or losses are recorded: Condensed Consolidated For the three months ended For the nine months ended ($ in millions) 2022 2021 2022 2021 Long-term debt: Change in fair value of interest rate swaps hedging long-term debt Interest on long-term debt $ (230) (25) (493) (124) Change in fair value of hedged long-term debt attributable to the risk being hedged Interest on long-term debt 230 25 493 124 Available-for-sale debt and other securities: Change in fair value of interest rate swaps hedging available-for-sale debt and other securities Interest on securities — 9 8 9 Change in fair value of hedged available-for-sale debt and other securities attributable to the risk being hedged Interest on securities — (9) (8) (9) 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 September 30, December 31, Long-term debt: Carrying amount of the hedged items Long-term debt $ 3,838 2,339 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Long-term debt (97) 396 Available-for-sale debt and other securities: Carrying amount of the hedged items (a) Available-for-sale debt and other securities — 465 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Available-for-sale debt and other securities — (8) Cumulative amount of fair value hedging adjustments remaining for hedged items for which hedge accounting has been discontinued Available-for-sale debt and other securities (14) — (a) The carrying amount represents the amortized cost basis of the hedged items (which excludes unrealized gains and losses) plus the fair value hedging adjustments. 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 September 30, 2022, 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 September 30, 2022, the maximum length of time over which the Bancorp is hedging its exposure to the variability in future cash flows is 111 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 September 30, 2022 and December 31, 2021, respectively, $596 million of net deferred losses, net of tax, and $353 million of net deferred gains, net of tax, on cash flow hedges were recorded in AOCI in the Condensed Consolidated Balance Sheets. As of September 30, 2022, $181 million in net unrealized losses, net of tax, recorded in AOCI are expected to be reclassified into earnings during the next 12 months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations or the addition of other hedges subsequent to September 30, 2022. During both the three and nine months ended September 30, 2022 and 2021, there were no gains or losses reclassified from AOCI into earnings associated with the discontinuance of cash flow hedges because it was probable that the original forecasted transaction would no longer occur by the end of the originally specified time period or within the additional period of time as defined by U.S. GAAP. The following table presents the pre-tax net (losses) gains recorded in the Condensed Consolidated Statements of Income and in the Condensed Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges: For the three months ended For the nine months ended ($ in millions) 2022 2021 2022 2021 Amount of pre-tax net (losses) gains recognized in OCI $ (688) 3 (1,092) (67) Amount of pre-tax net gains reclassified from OCI into net income 4 74 140 219 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. These contracts generally settle within one year or less. 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 22 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 nine months ended ($ in millions) 2022 2021 2022 2021 Interest rate contracts: Forward contracts related to residential mortgage loans held for sale Mortgage banking net revenue $ 59 23 61 32 Interest rate contracts related to MSR portfolio Mortgage banking net revenue (84) (11) (368) (99) Foreign exchange contracts: Foreign exchange contracts for risk management purposes Other noninterest income 11 3 14 (3) Equity contracts: Swap associated with sale of Visa, Inc. Class B Shares Other noninterest income (17) (17) (46) (67) 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 $3.7 billion and $3.8 billion at September 30, 2022 and December 31, 2021, respectively, and the fair value was a liability of $8 million at both September 30, 2022 and December 31, 2021 which is included in other liabilities in the Condensed Consolidated Balance Sheets. As of September 30, 2022, the risk participation agreements had a weighted-average remaining life of 3.3 years. The Bancorp’s maximum exposure in the risk participation agreements is contingent on the fair value of the underlying interest rate derivative contracts in an asset position at the time of default. The Bancorp monitors the credit risk associated with the underlying customers in the risk participation agreements through the same risk grading system currently utilized for establishing loss reserves in its loan and lease portfolio. Risk ratings of the notional amount of risk participation agreements under this risk rating system are summarized in the following table as of: ($ in millions) September 30, December 31, Pass $ 3,524 3,733 Special mention 95 13 Substandard 34 34 Total $ 3,653 3,780 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 nine months ended ($ in millions) 2022 2021 2022 2021 Interest rate contracts: Interest rate contracts for customers (contract revenue) Commercial banking revenue $ 12 8 37 27 Interest rate contracts for customers (credit portion of fair value adjustment) Other noninterest expense 2 2 11 19 Interest rate lock commitments Mortgage banking net revenue (6) 44 5 132 Commodity contracts: Commodity contracts for customers (contract revenue) Commercial banking revenue 11 6 30 17 Commodity contracts for customers (credit portion of fair value adjustment) Other noninterest expense 1 (1) (1) (1) Foreign exchange contracts: Foreign exchange contracts for customers (contract revenue) Commercial banking revenue 15 15 52 45 Foreign exchange contracts for customers (contract revenue) Other noninterest income 12 2 22 2 Foreign exchange contracts for customers (credit portion of fair value adjustment) Other noninterest expense (1) — (3) — 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 table provides 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 September 30, 2022 Derivative assets $ 4,336 (1,927) (864) 1,545 Derivative liabilities 5,146 (1,927) (661) 2,558 As of December 31, 2021 Derivative assets $ 2,896 (837) (548) 1,511 Derivative liabilities 2,013 (837) (712) 464 (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	9 Months Ended
	Sep. 30, 2022
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) September 30, December 31, FHLB advances $ 5,750 — Securities sold under repurchase agreements 475 544 Derivative collateral 127 436 Other borrowed money 26 — Total other short-term borrowings $ 6,378 980 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 September 30, 2022 and December 31, 2021, all securities sold under repurchase agreements were secured by agency residential mortgage-backed securities and the repurchase agreements had an overnight remaining contractual maturity.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt On April 25, 2022, the Bancorp issued and sold $1 billion of fixed-rate/floating-rate senior notes. $400 million of the notes will bear interest at a rate of 4.055% per annum to, but excluding, April 25, 2027, followed by an interest rate of compounded SOFR plus 1.355% until maturity on April 25, 2028. The remaining $600 million of the notes will bear interest at a rate of 4.337% per annum to, but excluding, April 25, 2032, followed by an interest rate of compounded SOFR plus 1.660% until maturity on April 25, 2033. The Bancorp entered into interest rate swaps designated as fair value hedges to convert the fixed-rate periods of the notes to floating rates of one-month LIBOR plus 1.239% and one-month LIBOR plus 1.543% for the notes due April 25, 2028 and the notes due April 25, 2033, respectively. Each tranche of notes is redeemable in whole at par plus accrued and unpaid interest one year prior to its maturity date, or may be wholly or partially redeemed 30 days or 90 days prior to maturity for the 2028 notes and the 2033 notes, respectively. On July 28, 2022, the Bancorp issued and sold $1 billion of fixed-rate/floating-rate senior notes which will mature on July 28, 2030. The senior notes bear interest at a rate of 4.772% per annum to, but excluding, July 28, 2029. From, and including July 28, 2029 until, but excluding July 28, 2030, the senior notes will bear interest at a rate of compounded SOFR plus 2.127%. The Bancorp entered into interest rate swaps designated as fair value hedges to convert the fixed-rate period of the notes to a floating rate of compounded SOFR plus 2.132%. The senior notes are redeemable in whole at par plus accrued and unpaid interest one year prior to their maturity date, or may be wholly or partially redeemed 60 days prior to maturity. For further information on a subsequent event related to long-term debt, refer to Note 24.

Commitments, Contingent Liabili

Commitments, Contingent Liabilities and Guarantees	9 Months Ended
	Sep. 30, 2022
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) September 30, December 31, Commitments to extend credit $ 81,206 80,641 Forward contracts related to residential mortgage loans held for sale 2,418 1,952 Letters of credit 2,040 1,953 Capital commitments for private equity investments 163 124 Purchase obligations 124 160 Capital expenditures 103 78 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 September 30, 2022 and December 31, 2021, the Bancorp had a reserve for unfunded commitments, including letters of credit, totaling $199 million and $182 million, respectively, included in other liabilities in the Condensed Consolidated Balance Sheets. The Bancorp monitors the credit risk associated with commitments to extend credit using the same standard regulatory risk rating systems utilized for its loan and lease portfolio. Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of: ($ in millions) September 30, December 31, Pass $ 79,242 78,298 Special mention 801 1,058 Substandard 1,163 1,285 Total commitments to extend credit $ 81,206 80,641 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 September 30, 2022: ($ in millions) Less than 1 year (a) $ 977 1 - 5 years (a) 1,060 Over 5 years 3 Total letters of credit $ 2,040 (a) Includes $1 and $3 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire in 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 September 30, 2022 and December 31, 2021 and are considered guarantees in accordance with U.S. GAAP. Approximately 67% and 71% of the total standby letters of credit were collateralized as of September 30, 2022 and December 31, 2021, 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 $24 million at September 30, 2022 and December 31, 2021, respectively. The Bancorp monitors the credit risk associated with letters of credit using the same standard regulatory risk rating systems utilized for its loan and lease portfolio. Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of: ($ in millions) September 30, December 31, Pass $ 1,849 1,778 Special mention 46 40 Substandard 145 135 Total letters of credit $ 2,040 1,953 At September 30, 2022 and December 31, 2021, 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 September 30, 2022 and December 31, 2021, total VRDNs, of which FTS was the remarketing agent for all, were $435 million and $464 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 $112 million and $118 million of the VRDNs remarketed by FTS at September 30, 2022 and December 31, 2021, respectively. These letters of credit are included in the total letters of credit balance provided in the previous tables. The Bancorp held $2 million and $1 million of these VRDNs in its portfolio and classified them as trading debt securities at September 30, 2022 and December 31, 2021, respectively. 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 18 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, 2021. As of both September 30, 2022 and December 31, 2021, the Bancorp maintained reserves related to loans sold with representation and warranty provisions totaling $9 million, 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 September 30, 2022 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 $10 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 September 30, 2022 and 2021, the Bancorp paid an immaterial amount in the form of make-whole payments and repurchased $16 million and $11 million, respectively, in outstanding principal of loans to satisfy investor demands. For both the nine months ended September 30, 2022 and 2021, the Bancorp paid an immaterial amount in the form of make-whole payments and repurchased $44 million and $29 million, respectively, in outstanding principal of loans to satisfy investor demands. Total repurchase demand requests during the three months ended September 30, 2022 and 2021 were $28 million and $14 million, respectively. Total repurchase demand requests during the nine months ended September 30, 2022 and 2021 were $72 million and $42 million, respectively. Total outstanding repurchase demand inventory was $19 million and $18 million at September 30, 2022 and December 31, 2021, 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 $8 million and $20 million at September 30, 2022 and December 31, 2021, respectively. In the event of 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 September 30, 2022 and December 31, 2021. 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 22 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 September 30, 2022, 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 $174 million at September 30, 2022 and $214 million at December 31, 2021. Refer to Note 14 and Note 22 for further information. After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows: Period ($ 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 Q4 2021 250 11 Q2 2022 600 25

Legal and Regulatory Proceeding

Legal and Regulatory Proceedings	9 Months Ended
	Sep. 30, 2022
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 17 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. 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, which is currently pending appeal. 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. On September 27, 2021, the Court entered an order certifying a class of merchants pursuing claims for injunctive relief. The ultimate outcome in this matter, including the timing of resolution, remains uncertain. Refer to Note 17 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, plus interest under Ohio law. On March 26, 2021, the trial court granted plaintiffs’ motion for class certification. The court has set a trial date in April 2023. 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 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. The appeals court reversed summary judgment on one claim alleging Fifth Third was unjustly enriched through its receipt of certain trust management fees. On remand, on July 28, 2021 the trial court issued an order granting summary judgment to Fifth Third on a portion of plaintiffs’ unjust enrichment claim. Plaintiffs abandoned the remainder of the unjust enrichment claim. On March 30, 2022, the appellate court affirmed the trial court’s grant of summary judgment. 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 case is currently in discovery and no trial date has been set. Shareholder Litigation On April 7, 2020, Plaintiff Lee Christakis filed a putative class action lawsuit against Fifth Third Bancorp, Fifth Third Chairman and former 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 without prejudice, and provided the plaintiff with leave to amend to attempt to cure the deficiencies. On October 8, 2021, the plaintiff filed an amended complaint. On May 25, 2022, the Court granted defendants’ motion to dismiss the amended complaint with prejudice. The plaintiff did not appeal that decision and the case is now concluded. 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. The case is currently in discovery and no trial date has been set. 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. Five lawsuits have been consolidated into a single action pending in the U.S. District Court for the Northern District of Illinois 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); (4) Hansen v. Carmichael, et al., Case No. 20-cv-5339 (filed September 10, 2020); and (5) Reese v. Carmichael, et al., Case No. 1:21-cv-01631 (filed November 4, 2020 originally as Case No. 20-cv-866 in the Southern District of Ohio). On March 31, 2022, the district court granted the defendants’ motion to dismiss those cases without prejudice. On April 29, 2022, plaintiffs filed an amended complaint. Also separately pending in the Hamilton County, Ohio Court of Common Pleas is Sandys v. Carmichael, et al., Case No. A2004539 (filed December 28, 2020) and The City of Miami Firefighters’ and Police Officers’ Retirement Trust v. Carmichael, et al., Case No. A2200330 (filed January 27, 2022). On April 18, 2022, the Sandys shareholder voluntarily dismissed the lawsuit without prejudice. The case brought by The City of Miami Firefighters’ and Police Officers’ Retirement Trust is pending. 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. 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 $73 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	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The applicable income tax expense was $192 million and $191 million for the three months ended September 30, 2022 and 2021, respectively, and $470 million and $582 million for the nine months ended September 30, 2022 and 2021, respectively. The effective tax rates for the three months ended September 30, 2022 and 2021 were 22.7% and 21.3%, respectively, and 21.6% for both the nine months ended September 30, 2022 and 2021. 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 twelve months, the Bancorp believes it is unlikely that its unrecognized tax benefits will change by a material amount during the next twelve months.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2022
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 September 30, 2022 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding losses on available-for-sale debt securities arising during period $ (2,780) 651 (2,129) Reclassification adjustment for net gains on available-for-sale debt securities included in net income — — — Net unrealized losses on available-for-sale debt securities (2,780) 651 (2,129) (2,546) (2,129) (4,675) Unrealized holding losses on cash flow hedge derivatives arising during period (688) 158 (530) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (4) 1 (3) Net unrealized losses on cash flow hedge derivatives (692) 159 (533) (63) (533) (596) Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 1 — 1 Defined benefit pension plans, net — — — (31) — (31) Other — — — (4) — (4) Total $ (3,472) 810 (2,662) (2,644) (2,662) (5,306) Total OCI Total AOCI September 30, 2021 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding losses on available-for-sale debt securities arising during period $ (368) 87 (281) Reclassification adjustment for net gains on available-for-sale debt securities included in net income (1) — (1) Net unrealized gains on available-for-sale debt securities (369) 87 (282) 1,472 (282) 1,190 Unrealized holding gains on cash flow hedge derivatives arising during period 3 (1) 2 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (74) 16 (58) Net unrealized gains on cash flow hedge derivatives (71) 15 (56) 548 (56) 492 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 (42) 1 (41) Other — — — (4) — (4) Total $ (438) 101 (337) 1,974 (337) 1,637 The tables below present the activity of the components of OCI and AOCI for the nine months ended: Total OCI Total AOCI September 30, 2022 ($ 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 $ (7,249) 1,685 (5,564) Reclassification adjustment for net gains on available-for-sale debt securities included in net income (3) 1 (2) Net unrealized losses on available-for-sale debt securities (7,252) 1,686 (5,566) 891 (5,566) (4,675) Unrealized holding losses on cash flow hedge derivatives arising during period (1,092) 252 (840) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (140) 31 (109) Net unrealized losses on cash flow hedge derivatives (1,232) 283 (949) 353 (949) (596) Net actuarial loss arising during the year (2) — (2) Reclassification of amounts to net periodic benefit costs 5 (1) 4 Defined benefit pension plans, net 3 (1) 2 (33) 2 (31) Other — — — (4) — (4) Total $ (8,481) 1,968 (6,513) 1,207 (6,513) (5,306) Total OCI Total AOCI September 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 $ (978) 230 (748) 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 (969) 228 (741) 1,931 (741) 1,190 Unrealized holding losses on cash flow hedge derivatives arising during period (67) 14 (53) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (219) 46 (173) Net unrealized gains on cash flow hedge derivatives (286) 60 (226) 718 (226) 492 Net actuarial loss arising during the year (2) — (2) Reclassification of amounts to net periodic benefit costs 7 (2) 5 Defined benefit pension plans, net 5 (2) 3 (44) 3 (41) Other — — — (4) — (4) Total $ (1,250) 286 (964) 2,601 (964) 1,637 The table below presents reclassifications out of AOCI: Condensed Consolidated Statements of Income Caption For the three months ended For the nine months ended ($ in millions) 2022 2021 2022 2021 Net unrealized (losses) gains on available-for-sale debt securities: (b) Net gains (losses) included in net income Securities (losses) gains, net $ — 1 3 (9) Income before income taxes — 1 3 (9) Applicable income tax expense — — (1) 2 Net income — 1 2 (7) Net unrealized (losses) gains on cash flow hedge derivatives: (b) Interest rate contracts related to C&I, commercial mortgage and commercial construction loans Interest and fees on loans and leases 4 74 140 219 Income before income taxes 4 74 140 219 Applicable income tax expense (1) (16) (31) (46) Net income 3 58 109 173 Net periodic benefit costs: (b) Amortization of net actuarial loss Compensation and benefits (a) (1) (2) (3) (5) Settlements Compensation and benefits (a) — (1) (2) (2) Income before income taxes (1) (3) (5) (7) Applicable income tax expense — 1 1 2 Net income (1) (2) (4) (5) Total reclassifications for the period Net income $ 2 57 107 161 (a) This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 22 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021 for further information. (b) Amounts in parentheses indicate reductions to net income.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
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: 2022 2021 For the three months ended September 30, (in millions, except per share data) Income Average Per Share Income Average Per Share Earnings Per Share: Net income available to common shareholders $ 631 $ 684 Less: Income allocated to participating securities — 1 Net income allocated to common shareholders $ 631 689 $ 0.91 $ 683 697 $ 0.98 Earnings Per Diluted Share: Net income available to common shareholders $ 631 $ 684 Effect of dilutive securities: Stock-based awards — 6 — 9 Net income available to common shareholders plus assumed conversions $ 631 $ 684 Less: Income allocated to participating securities — 1 Net income allocated to common shareholders plus assumed conversions $ 631 695 $ 0.91 $ 683 706 $ 0.97 2022 2021 For the nine months ended September 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 $ 1,631 $ 2,032 Less: Income allocated to participating securities 1 5 Net income allocated to common shareholders $ 1,630 689 $ 2.37 $ 2,027 707 $ 2.87 Earnings Per Diluted Share: Net income available to common shareholders $ 1,631 $ 2,032 Effect of dilutive securities: Stock-based awards — 6 — 9 Net income available to common shareholders plus assumed conversions $ 1,631 $ 2,032 Less: Income allocated to participating securities 1 5 Net income allocated to common shareholders plus assumed conversions $ 1,630 695 $ 2.34 $ 2,027 716 $ 2.83 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 nine months ended September 30, 2022 excludes 3 million shares of stock-based awards because their inclusion would have been anti-dilutive. The diluted earnings per share computation for both the three and nine months ended September 30, 2021 excludes an immaterial amount of stock-based awards because their inclusion would have been anti-dilutive.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
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, 2021. 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 September 30, 2022 ($ 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 $ 2,377 — — 2,377 Obligations of states and political subdivisions securities — 18 — 18 Mortgage-backed securities: Agency residential mortgage-backed securities — 11,232 — 11,232 Agency commercial mortgage-backed securities — 25,889 — 25,889 Non-agency commercial mortgage-backed securities — 4,708 — 4,708 Asset-backed securities and other debt securities — 6,191 — 6,191 Available-for-sale debt and other securities (a) 2,377 48,038 — 50,415 Trading debt securities: U.S. Treasury and federal agencies securities 73 9 — 82 Obligations of states and political subdivisions securities — 36 — 36 Agency residential mortgage-backed securities — 7 — 7 Asset-backed securities and other debt securities — 289 — 289 Trading debt securities 73 341 — 414 Equity securities 306 9 — 315 Residential mortgage loans held for sale — 1,107 — 1,107 Residential mortgage loans (b) — — 125 125 Servicing rights — — 1,732 1,732 Derivative assets: Interest rate contracts 70 1,142 7 1,219 Foreign exchange contracts — 753 — 753 Commodity contracts 89 2,278 — 2,367 Derivative assets (c) 159 4,173 7 4,339 Total assets $ 2,915 53,668 1,864 58,447 Liabilities: Derivative liabilities: Interest rate contracts $ 8 2,070 14 2,092 Foreign exchange contracts — 705 — 705 Equity contracts — — 174 174 Commodity contracts 217 1,964 — 2,181 Derivative liabilities (d) 225 4,739 188 5,152 Short positions: U.S. Treasury and federal agencies securities 78 — — 78 Asset-backed securities and other debt securities — 222 — 222 Short positions (d) 78 222 — 300 Total liabilities $ 303 4,961 188 5,452 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $382, $490 and $2, respectively, at September 30, 2022. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets. Fair Value Measurements Using December 31, 2021 ($ 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 $ 86 — — 86 Obligations of states and political subdivisions securities — 18 — 18 Mortgage-backed securities: Agency residential mortgage-backed securities — 8,782 — 8,782 Agency commercial mortgage-backed securities — 18,951 — 18,951 Non-agency commercial mortgage-backed securities — 4,479 — 4,479 Asset-backed securities and other debt securities — 5,275 — 5,275 Available-for-sale debt and other securities (a) 86 37,505 — 37,591 Trading debt securities: U.S. Treasury and federal agencies securities 72 12 — 84 Obligations of states and political subdivisions securities — 32 — 32 Agency residential mortgage-backed securities — 105 — 105 Asset-backed securities and other debt securities — 291 — 291 Trading debt securities 72 440 — 512 Equity securities 365 11 — 376 Residential mortgage loans held for sale — 1,023 — 1,023 Residential mortgage loans (b) — — 154 154 Servicing rights — — 1,121 1,121 Derivative assets: Interest rate contracts 2 1,245 12 1,259 Foreign exchange contracts — 323 — 323 Commodity contracts 26 1,300 — 1,326 Derivative assets (c) 28 2,868 12 2,908 Total assets $ 551 41,847 1,287 43,685 Liabilities: Derivative liabilities: Interest rate contracts $ 2 231 8 241 Foreign exchange contracts — 298 — 298 Equity contracts — — 214 214 Commodity contracts 285 975 — 1,260 Derivative liabilities (d) 287 1,504 222 2,013 Short positions: U.S. Treasury and federal agencies securities 96 — — 96 Asset-backed securities and other debt securities — 201 — 201 Short positions (d) 96 201 — 297 Total liabilities $ 383 1,705 222 2,310 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $30, $486 and $3, respectively, at December 31, 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. 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 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 transferred from Level 2 to 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 13 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 September 30, 2022 and December 31, 2021, 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 17 for additional information on the Covered Litigation. The net liability fair value of the Bancorp’s IRLCs at September 30, 2022 was $3 million. Immediate decreases in current interest rates of 25 bps and 50 bps would result in increases in the fair value of the liability of approximately $5 million and $10 million, respectively. Immediate increases in current interest rates of 25 bps and 50 bps would result in decreases in the fair value of the liability of approximately $6 million and $12 million, respectively. Immediate changes in the assumed loan closing rates, either adverse or favorable, of 10% and 20% would result in changes in the fair value of IRLCs of approximately an immaterial amount and $1 million, respectively. These sensitivities are hypothetical and should be used with caution, as changes in fair value based on a variation in assumptions typically cannot be extrapolated because the relationship of the change in assumptions to the change in fair value may not be linear. Short positions Where quoted prices are available in an active market, short positions are classified within Level 1 of the valuation hierarchy. Level 1 securities include U.S. Treasury securities. If quoted market prices are not available, then fair values are estimated using pricing models which primarily utilize quoted prices of securities with similar characteristics and therefore are classified within Level 2 of the valuation hierarchy. Level 2 securities include asset-backed and other debt securities. The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended September 30, 2022 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 133 1,582 8 (199) 1,524 Total gains (losses) (realized/unrealized): (b) Included in earnings (7) 48 (5) (17) 19 Purchases/originations — 102 (1) — 101 Settlements (4) — (9) 42 29 Transfers into Level 3 (c) 3 — — — 3 Balance, end of period $ 125 1,732 (7) (174) 1,676 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 September 30, 2022 $ (7) 80 (2) (17) 54 (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $14, respectively, as of September 30, 2022. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2022. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended September 30, 2021 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 151 818 31 (213) 787 Total (losses) gains (realized/unrealized): (b) Included in earnings — (44) 44 (17) (17) Purchases/originations — 169 — — 169 Settlements (13) — (56) 19 (50) Transfers into Level 3 (c) 18 — — — 18 Balance, end of period $ 156 943 19 (211) 907 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 September 30, 2021 $ — 19 25 (17) 27 (a) Net interest rate derivatives include derivative assets and liabilities of $27 and $8, respectively, as of September 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the nine months ended September 30, 2022 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 154 1,121 4 (214) 1,065 Total gains (losses) (realized/unrealized): (b) Included in earnings (20) 217 8 (46) 159 Purchases/originations/acquisitions — 394 1 — 395 Settlements (19) — (20) 86 47 Transfers into Level 3 (c) 10 — — — 10 Balance, end of period $ 125 1,732 (7) (174) 1,676 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 September 30, 2022 $ (20) 338 1 (46) 273 (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $14, respectively, as of September 30, 2022. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2022. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the nine months ended September 30, 2021 ($ 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) (95) 136 (67) (27) Purchases/originations — 382 (2) — 380 Settlements (42) — (168) 57 (153) Transfers into Level 3 (c) 38 — — — 38 Balance, end of period $ 156 943 19 (211) 907 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 September 30, 2021 $ (1) 77 28 (67) 37 (a) Net interest rate derivatives include derivative assets and liabilities of $27 and $8, respectively, as of September 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. The total gains and losses included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended ($ in millions) 2022 2021 2022 2021 Mortgage banking net revenue $ 35 — 202 38 Commercial banking revenue 1 — 3 2 Other noninterest income (17) (17) (46) (67) Total gains (losses) $ 19 (17) 159 (27) 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 September 30, 2022 and 2021 were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended ($ in millions) 2022 2021 2022 2021 Mortgage banking net revenue $ 70 44 316 102 Commercial banking revenue 1 — 3 2 Other noninterest income (17) (17) (46) (67) Total gains (losses) $ 54 27 273 37 The following tables present information as of September 30, 2022 and 2021 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 September 30, 2022 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 125 Loss rate model Interest rate risk factor (24.6) - 2.6% (13.1) % (a) Credit risk factor — - 23.1% 0.4 % (a) (Fixed) 5.2 % (b) Servicing rights 1,732 DCF Prepayment speed — - 100% (Adjustable) 20.3 % (b) (Fixed) 723 (b) OAS (bps) 615 - 1,513 (Adjustable) 1,204 (b) IRLCs, net (3) DCF Loan closing rates 48.9 - 98.6% 90.1 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (174) DCF Timing of the resolution Q4 2023 - Q3 2026 Q1 2025 (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 September 30, 2021 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 156 Loss rate model Interest rate risk factor (7.5) - 8.6 % 1.1 % (a) Credit risk factor — - 28.3 % 0.3 % (a) (Fixed) 11.3 % (b) Servicing rights 943 DCF Prepayment speed — - 100.0 % (Adjustable) 22.5 % (b) (Fixed) 757 (b) OAS (bps) 536 - 1,587 (Adjustable) 990 (b) IRLCs, net 27 DCF Loan closing rates 24.3 - 97.2 % 76.5 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (211) DCF Timing of the resolution Q1 2023 - Q1 2025 Q1 2024 (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 September 30, 2022 and 2021, and for which a nonrecurring fair value adjustment was recorded during the three and nine months ended September 30, 2022 and 2021, 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 As of September 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended September 30, 2022 For the nine months ended September 30, 2022 Commercial loans and leases $ — — 161 161 (42) (89) Consumer and residential mortgage loans — — 120 120 — — OREO — — 3 3 — — Bank premises and equipment — — 3 3 (1) (2) Operating lease equipment — — 2 2 — (2) Private equity investments — 9 1 10 (1) (8) Total $ — 9 290 299 (44) (101) Fair Value Measurements Using Total (Losses) Gains As of September 30, 2021 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended September 30, 2021 For the nine months ended September 30, 2021 Commercial loans held for sale $ — — 2 2 — 2 Commercial loans and leases — — 268 268 7 (37) Consumer and residential mortgage loans — — 126 126 — (1) OREO — — 9 9 — (6) Bank premises and equipment — — 11 11 (3) (6) Operating lease equipment — — 31 31 — (25) Private equity investments — 1 14 15 8 8 Total $ — 1 461 462 12 (65) The following tables present information as of September 30, 2022 and 2021 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 September 30, 2022 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans and leases $ 161 Appraised value Collateral value NM NM Consumer and residential mortgage loans 120 Appraised value Collateral value NM NM OREO 3 Appraised value Appraised value NM NM Bank premises and equipment 3 Appraised value Appraised value NM NM Operating lease equipment 2 Appraised value Appraised value NM NM Private equity investments 1 Comparable company analysis Market comparable transactions NM NM As of September 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 268 Appraised value Collateral value NM NM Consumer and residential mortgage loans 126 Appraised value Collateral value NM NM OREO 9 Appraised value Appraised value NM NM Bank premises and equipment 11 Appraised value Appraised value NM NM Operating lease equipment 31 Appraised value Appraised value NM NM Private equity investments 14 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 resulting in positive fair value adjustments of an immaterial amount and $1 million during the three and nine months ended September 30, 2021, 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 gains of an immaterial amount and $1 million on the sale of certain commercial loans held for sale during the three and nine months ended September 30, 2021, respectively. Portfolio loans and leases During the three and nine months ended September 30, 2022 and 2021, 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 amortized cost basis of the loan or lease exceeds the estimated net realizable value of the collateral, then an ALLL is recognized, or a charge-off once the remaining amount is considered uncollectible. OREO During the three and nine months ended September 30, 2022 and 2021, 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 in losses recorded as charge-offs on new OREO properties transferred from loans, during both the three and nine months ended September 30, 2022, compared to an immaterial amount and $6 million in losses during the three and nine months ended September 30, 2021, respectively. These losses also included immaterial amounts recorded as fair value adjustments for properties 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 gains of an immaterial amount and $4 million during the three and nine months ended September 30, 2022, respectively, and gains of $10 million during both the three and nine months ended September 30, 2021, resulting from observable price changes. The carrying value of the Bancorp’s private equity investments still held as of September 30, 2022 includes a cumulative $45 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 impairment charges of $1 million and $12 million for the three and nine months ended September 30, 2022, respectively, and impairment charges of $2 million for both the three and nine months ended September 30, 2021. The carrying value of the Bancorp’s private equity investments still held as of September 30, 2022 includes a cumulative $34 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 September 30, 2022 and 2021 for which the fair value option was elected, as well as the changes in fair value of the underlying IRLCs, included losses of $49 million and gains of $46 million, respectively. These losses and 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 $1 million and an immaterial amount at September 30, 2022 and December 31, 2021, respectively. Interest on loans measured at fair value is accrued as it is earned using the effective interest method and is reported as interest income in the Condensed Consolidated Statements of Income. The following table summarizes the difference between the fair value and the unpaid principal balance for residential mortgage loans measured at fair value as of: September 30, 2022 ($ in millions) Aggregate Fair Value Aggregate Unpaid Principal Balance Difference Residential mortgage loans measured at fair value $ 1,232 1,281 (49) Past due loans of 90 days or more 1 1 — Nonaccrual loans 2 2 — December 31, 2021 Residential mortgage loans measured at fair value $ 1,177 1,149 28 Past due loans of 90 days or more 3 3 — Nonaccrual loans — — — The Bancorp may invest in certain hybrid financial instr

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Business Segments	Business Segments 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. During the third quarter of 2022, the Bancorp reorganized its management reporting structure and now reports on three business segments: Commercial Banking, Consumer and Small Business Banking and Wealth and Asset Management. This reorganization primarily involved merging the Bancorp’s previously reported Branch Banking and Consumer Lending segments and the transfer of certain portions of the newly combined segment to the Commercial Banking segment. These portions primarily included the loans, deposits and other services provided to relationship manager assigned lower middle-market business customers, along with the income and expenses associated with those customers. Prior period results have been adjusted to conform to the new segment presentation. 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 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 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. Consumer and Small Business Banking provides a full range of deposit and loan products to individuals and small businesses through a network of full-service banking centers and relationships with indirect and correspondent loan originators in addition to providing products designed to meet the specific needs of small businesses, including cash management services. Consumer and Small Business Banking includes the Bancorp’s residential mortgage, home equity loans and lines of credit, credit cards, automobile and other indirect lending and other consumer lending activities. Residential mortgage activities include the origination, retention and servicing of residential mortgage loans, sales and securitizations of those loans and all associated hedging activities. Indirect lending activities include extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers and marine dealers. Other consumer lending activities include home improvement and solar energy installation loans originated through a network of contractors and installers. 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: September 30, 2022 ($ in millions) Commercial Consumer Wealth General Eliminations Total Net interest income $ 594 833 79 (8) — 1,498 Provision for (benefit from) credit losses (2) 34 — 126 — 158 Net interest income after provision for (benefit from) credit losses $ 596 799 79 (134) — 1,340 Noninterest income: Service charges on deposits $ 90 53 — — — 143 Wealth and asset management revenue 1 52 132 — (44) (a) 141 Commercial banking revenue 133 1 1 (1) — 134 Card and processing revenue 22 79 1 3 — 105 Leasing business revenue 60 — — — — 60 Mortgage banking net revenue — 69 — — — 69 Other noninterest income (b) 24 33 — 2 — 59 Securities losses, net (32) — — (6) — (38) Securities losses, net – non-qualifying hedges on MSRs — (1) — — — (1) Total noninterest income $ 298 286 134 (2) (44) 672 Noninterest expense: Compensation and benefits $ 147 207 54 197 — 605 Technology and communications 2 6 — 98 — 106 Net occupancy expense 10 49 3 12 — 74 Equipment expense 7 9 — 20 — 36 Leasing business expense 33 — — — — 33 Marketing expense 1 20 — 14 — 35 Card and processing expense 3 19 — (1) — 21 Other noninterest expense 237 298 85 (319) (44) 257 Total noninterest expense $ 440 608 142 21 (44) 1,167 Income (loss) before income taxes $ 454 477 71 (157) — 845 Applicable income tax expense (benefit) 85 100 15 (8) — 192 Net income (loss) $ 369 377 56 (149) — 653 Total goodwill $ 2,324 2,375 226 — — 4,925 Total assets $ 83,798 84,653 12,232 24,780 (c) — 205,463 (a) Revenue sharing agreements between Wealth and Asset Management and Consumer and Small Business Banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes $1 of impairment charges for bank premises and equipment recorded in Consumer and Small Business Banking. For more information, refer to Note 7 and Note 22. (c) Includes bank premises and equipment of $24 classified as held for sale. For more information, refer to Note 7. September 30, 2021 ($ in millions) Commercial Consumer Wealth General Eliminations Total Net interest income $ 394 429 22 344 — 1,189 (Benefit from) provision for credit losses (250) 19 — 189 — (42) Net interest income after (benefit from) provision for credit losses $ 644 410 22 155 — 1,231 Noninterest income: Service charges on deposits $ 96 56 — — — 152 Wealth and asset management revenue — 53 140 — (46) (a) 147 Commercial banking revenue 151 1 — — — 152 Card and processing revenue 21 78 1 2 — 102 Leasing business revenue 78 — — — — 78 Mortgage banking net revenue — 85 1 — — 86 Other noninterest income (b) 26 28 1 65 — 120 Securities (losses) gains, net 2 — — (3) — (1) Securities losses, net – non-qualifying hedges on MSRs — — — — — — Total noninterest income $ 374 301 143 64 (46) 836 Noninterest expense: Compensation and benefits $ 152 207 48 220 — 627 Technology and communications 5 4 — 89 — 98 Net occupancy expense (c) 9 49 4 17 — 79 Equipment expense 7 9 — 18 — 34 Leasing business expense 33 — — — — 33 Marketing expense 1 11 1 16 — 29 Card and processing expense 2 18 — (1) — 19 Other noninterest expense 225 295 81 (302) (46) 253 Total noninterest expense $ 434 593 134 57 (46) 1,172 Income before income taxes $ 584 118 31 162 — 895 Applicable income tax expense 114 25 7 45 — 191 Net income $ 470 93 24 117 — 704 Total goodwill $ 1,981 2,302 231 — — 4,514 Total assets $ 72,423 83,130 11,272 40,906 (d) — 207,731 (a) Revenue sharing agreements between Wealth and Asset Management and Consumer and Small Business Banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $3 recorded in Consumer and Small Business Banking for bank premises and equipment. For more information, refer to Note 7 and Note 22. (c) Includes impairment losses and termination charges of $1 for ROU assets related to certain operating leases. For more information, refer to Note 9. (d) Includes bank premises and equipment of $25 classified as held for sale. For more information, refer to Note 7. The following tables present the results of operations and assets by business segment for the nine months ended: September 30, 2022 ($ in millions) Commercial Consumer Wealth General Eliminations Total Net interest income $ 1,669 1,981 167 215 — 4,032 Provision for credit losses 44 93 — 246 — 383 Net interest income after provision for credit losses $ 1,625 1,888 167 (31) — 3,649 Noninterest income: Service charges on deposits $ 285 164 1 (1) — 449 Wealth and asset management revenue 2 154 407 — (133) (a) 430 Commercial banking revenue 405 2 1 (2) — 406 Card and processing revenue 65 231 2 8 — 306 Leasing business revenue 179 (c) — — — — 179 Mortgage banking net revenue — 151 1 — — 152 Other noninterest income (b) 88 86 — 21 — 195 Securities losses, net (32) — — (52) — (84) Securities losses, net – non-qualifying hedges on MSRs — (2) — — — (2) Total noninterest income $ 992 786 412 (26) (133) 2,031 Noninterest expense: Compensation and benefits $ 483 630 166 621 — 1,900 Technology and communications 9 15 1 281 — 306 Net occupancy expense (e) 30 147 9 39 — 225 Equipment expense 21 28 — 59 — 108 Leasing business expense 95 — — — — 95 Marketing expense 3 44 1 39 — 87 Card and processing expense 8 54 — (3) — 59 Other noninterest expense 712 871 244 (973) (133) 721 Total noninterest expense $ 1,361 1,789 421 63 (133) 3,501 Income (loss) before income taxes $ 1,256 885 158 (120) — 2,179 Applicable income tax expense 230 186 33 21 — 470 Net income (loss) $ 1,026 699 125 (141) — 1,709 Total goodwill $ 2,324 2,375 226 — — 4,925 Total assets $ 83,798 84,653 12,232 24,780 (d) — 205,463 (a) Revenue sharing agreements between Wealth and Asset Management and Consumer and Small Business Banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes $2 of impairment charges for bank premises and equipment recorded in Consumer and Small Business Banking. For more information, refer to Note 7 and Note 22. (c) Includes impairment charges of $2 for operating lease equipment. For more information, refer to Note 8 and Note 22. (d) Includes bank premises and equipment of $ 24 classified as held for sale. For more information, refer to Note 7. (e) Includes $2 of impairment losses and termination charges for ROU assets related to certain operating leases. For more information, refer to Note 9. September 30, 2021 ($ in millions) Commercial Consumer Wealth General Eliminations Total Net interest income $ 1,183 1,247 64 1,080 — 3,574 (Benefit from) provision for credit losses (479) 95 (1) 55 — (330) Net interest income after (benefit from) provision for credit losses $ 1,662 1,152 65 1,025 — 3,904 Noninterest income: Service charges on deposits $ 288 157 — — — 445 Wealth and asset management revenue 2 154 414 — (134) (a) 436 Commercial banking revenue 462 2 1 — — 465 Card and processing revenue 57 232 2 7 — 298 Leasing business revenue 226 (c) — — — — 226 Mortgage banking net revenue — 233 2 — — 235 Other noninterest income (b) 70 75 3 63 — 211 Securities gains, net 8 — — 4 — 12 Securities losses, net – non-qualifying hedges on MSRs — (2) — — — (2) Total noninterest income $ 1,113 851 422 74 (134) 2,326 Noninterest expense: Compensation and benefits $ 475 633 151 712 — 1,971 Technology and communications 12 12 1 260 — 285 Net occupancy expense (d) 28 149 11 47 — 235 Equipment expense 19 28 — 55 — 102 Leasing business expense 102 — — — — 102 Marketing expense 4 26 1 41 — 72 Card and processing expense 5 68 — (3) — 70 Other noninterest expense 668 882 236 (948) (134) 704 Total noninterest expense $ 1,313 1,798 400 164 (134) 3,541 Income before income taxes $ 1,462 205 87 935 — 2,689 Applicable income tax expense 276 44 19 243 — 582 Net income $ 1,186 161 68 692 — 2,107 Total goodwill $ 1,981 2,302 231 — — 4,514 Total assets $ 72,423 83,130 11,272 40,906 (e) — 207,731 (a) Revenue sharing agreements between Wealth and Asset Management and Consumer and Small Business Banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $6 and $1 for branches and land recorded in Consumer and Small Business Banking and General Corporate and Other, respectively. For more information, refer to Note 7 and Note 22. (c) Includes impairment charges of $25 for operating lease equipment. For more information, refer to Note 8 and Note 22. (d) Includes impairment losses and termination charges of $3 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.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On October 27, 2022, the Bancorp issued and sold $1 billion of fixed-rate/floating-rate senior notes which will mature on October 27, 2028. The senior notes will bear interest at a rate of 6.361% per annum to, but excluding, October 27, 2027. From, and including October 27, 2027 until, but excluding October 27, 2028, the senior notes will bear interest at a rate of compounded SOFR plus 2.192%. The Bancorp entered into interest rate swaps designated as fair value hedges to convert the fixed-rate period of the notes to a floating rate of compounded SOFR plus 2.193%. The senior notes are redeemable in whole at par plus accrued and unpaid interest one year prior to their maturity date, or may be wholly or partially redeemed on or after 30 days prior to maturity. Additionally, the senior notes are redeemable at the Bancorp’s option, in whole or in part, beginning 180 days after the issue date and prior to October 27, 2027, at the greater of: (a) the aggregate principal amount of the senior notes being redeemed, or (b) the discounted present value of the remaining scheduled payments of principal and interest that would be due if the senior notes being redeemed matured on October 27, 2027. On October 27, 2022, under its global bank note program, the Bank issued and sold $1 billion of fixed-rate/floating-rate senior notes which will mature on October 27, 2025. The senior notes will bear interest at a rate of 5.852% per annum to, but excluding, October 27, 2024. From, and including October 27, 2024 until, but excluding October 27, 2025, the senior notes will bear interest at a rate of compounded SOFR plus 1.230%. The Bank entered into interest rate swaps designated as fair value hedges to convert the fixed-rate period of the notes to a floating rate of compounded SOFR plus 1.218%. The senior notes are redeemable in whole at par plus accrued and unpaid interest one year

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2022
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 any impairment recorded and 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 nine months ended September 30, 2022 and 2021 and the cash flows for the nine months ended September 30, 2022 and 2021 are not necessarily indicative of the results to be expected for the full year. Financial information as of December 31, 2021 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.
Accounting and Reporting Developments	Standards Adopted in 2022 The Bancorp adopted the following new accounting standard during the nine months ended September 30, 2022: ASU 2020-06 – Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Equity’s Own Equity In August 2020, the FASB issued ASU 2020-06, which simplified the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The Bancorp adopted the amended guidance on January 1, 2022 using the modified retrospective transition method. The adoption did not have a material impact on the Bancorp’s Condensed Consolidated Financial Statements. Significant Accounting Standards Issued but Not Yet Adopted The following significant accounting standards were issued but not yet adopted by the Bancorp as of September 30, 2022: ASU 2021-08 – Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, the FASB issued ASU 2021-08, which provided guidance on the accounting for revenue contracts with customers which are acquired in a business combination. The amendments generally state that an acquirer accounts for an acquired revenue contract with a customer as if it had originated the contract. The amendments also provide certain practical expedients for acquirers when recognizing and measuring acquired contract assets and liabilities. The amended guidance is effective for the Bancorp on January 1, 2023, with early adoption permitted, and is to be applied prospectively to business combinations occurring on or after the adoption date. The amended guidance may be applied retrospectively to the beginning of the fiscal year of adoption if early adopted in an interim period. ASU 2022-01 – Derivatives and Hedging (Topic 815): Fair Value Hedging-Portfolio Layer Method In March 2022, the FASB issued ASU 2022-01, which clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets and renames the last-of-layer method the portfolio layer method. Under current guidance, the last-of-layer method enables an entity to apply fair value hedging to a stated amount of a closed portfolio of prepayable financial assets without having to consider prepayment risk or credit risk when measuring those assets. ASU 2022-01 expands the scope of this guidance to allow entities to apply the portfolio layer method to portfolios of all financial assets, including both prepayable and nonprepayable financial assets. It allows entities to designate multiple layers within a single closed portfolio as individual hedged items. Further, ASU 2022-01 clarifies that the fair value basis adjustments should be adjusted at the portfolio level and should not be allocated to individual assets within the portfolio. The amended guidance is effective for the Bancorp on January 1, 2023 with early adoption permitted. Upon adoption, the Bancorp may designate multiple hedged layers of a single closed portfolio on a prospective basis. The amendments related to the fair value basis adjustments should be applied on a modified retrospective basis by recording a cumulative effect adjustment to retained earnings as of the beginning of the year of adoption. The Bancorp may elect to apply the disclosure requirements prospectively or retrospectively. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements. ASU 2022-02 – Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued ASU 2022-02, which eliminates the accounting guidance on troubled debt restructurings for creditors in ASC 310-40 and requires entities to evaluate all receivable modifications under ASC 310-20 to determine whether a modification made to a borrower results in a new loan or a continuation of the existing loan. The amended guidance adds enhanced disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. The amended guidance also requires disclosure of current period gross charge-offs by year of origination within the vintage disclosures required by ASC 326. The amended guidance is effective for the Bancorp on January 1, 2023 with early adoption permitted. The amendments on TDR disclosures and vintage disclosures should be adopted prospectively. The elimination of the TDR guidance may be adopted either prospectively or using a modified retrospective transition method. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements but currently expects that the adoption will primarily impact its credit quality disclosures and its methodology for measuring the ACL on TDRs. ASU 2022-03 – Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions In June 2022, the FASB issued ASU 2022-03, which clarifies the guidance in ASC 820 on the fair value measurement of an equity security that is subject to contractual sale restrictions, stating that such restrictions are not considered part of the unit of account of the security and therefore are not considered in measuring fair value. The amended guidance also requires disclosure of the fair value of equity securities subject to contractual sale restrictions and certain additional information about those restrictions. The amended guidance is effective for the Bancorp on January 1, 2024, with early adoption permitted, and is to be applied prospectively. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements. ASU 2022-04 – Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations In September 2022, the FASB issued ASU 2022-04, which provides guidance on the disclosure requirements for supplier finance programs. The amendments require that a buyer in a supplier finance program disclose sufficient qualitative and quantitative information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. The amended guidance is effective for the Bancorp on January 1, 2023, with the amendment on rollforward information effective January 1, 2024, with early adoption permitted. The amendments on supplier finance programs should be applied retrospectively except for the amendment on rollforward information, which should be applied prospectively. The Bancorp is in the process of evaluating the impact of the amended guidance on its 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)	9 Months Ended
	Sep. 30, 2022
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 nine months ended September 30: ($ in millions) 2022 2021 Cash Payments: Interest $ 487 431 Income taxes 124 500 Transfers: Portfolio loans and leases to loans and leases held for sale $ 105 414 Loans and leases held for sale to portfolio loans and leases 406 38 Portfolio loans and leases to OREO 5 7 Bank premises and equipment to OREO 22 19 Supplemental Disclosures: Net additions to lease liabilities under operating leases $ 102 59 Net additions to lease liabilities under finance leases 29 29

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2022
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: September 30, 2022 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 2,581 — (204) 2,377 Obligations of states and political subdivisions securities 18 — — 18 Mortgage-backed securities: Agency residential mortgage-backed securities 12,573 — (1,341) 11,232 Agency commercial mortgage-backed securities 29,440 1 (3,552) 25,889 Non-agency commercial mortgage-backed securities 5,256 — (548) 4,708 Asset-backed securities and other debt securities 6,630 5 (444) 6,191 Other securities (a) 874 — — 874 Total available-for-sale debt and other securities $ 57,372 6 (6,089) 51,289 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 3 — — 3 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 5 — — 5 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdi ngs of $382, $490 and $2, r espectively, at September 30, 2022, that are carried at cost. December 31, 2021 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 85 1 — 86 Obligations of states and political subdivisions securities 18 — — 18 Mortgage-backed securities: Agency residential mortgage-backed securities 8,432 368 (18) 8,782 Agency commercial mortgage-backed securities 18,236 784 (69) 18,951 Non-agency commercial mortgage-backed securities 4,364 128 (13) 4,479 Asset-backed securities and other debt securities 5,287 32 (44) 5,275 Other securities (a) 519 — — 519 Total available-for-sale debt and other securities $ 36,941 1,313 (144) 38,110 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 6 — — 6 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 8 — — 8 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $30, $486 and $3, respectively, at December 31, 2021, that are carried at cost. The following table provides the fair value of trading debt securities and equity securities as of: ($ in millions) September 30, December 31, Trading debt securities $ 414 512 Equity securities 315 376
Realized Gains and Losses Recognized in Income from Investment Securities	The following table presents the components of net securities gains and losses recognized in the Condensed Consolidated Statements of Income, including those recognized related to the Bancorp’s non-qualifying hedging strategy for MSRs: For the three months ended September 30, For the nine months ended ($ in millions) 2022 2021 2022 2021 Available-for-sale debt and other securities: Realized gains $ 3 16 15 24 Realized losses (3) (3) (12) (14) Impairment losses — (12) — (19) Net realized gains (losses) on available-for-sale debt and other securities $ — 1 3 (9) Trading debt securities: Net realized losses (1) — (2) (1) Net unrealized gains (losses) — (1) 11 — Net trading debt securities gains (losses) $ (1) (1) 9 (1) Equity securities: Net realized gains 1 2 1 6 Net unrealized (losses) gains (39) (3) (99) 14 Net equity securities (losses) gains $ (38) (1) (98) 20 Total (losses) gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (a) $ (39) (1) (86) 10 (a) Excludes $1 and $4 of net securities losses for the three and nine months ended September 30, 2022, respectively, and $1 and $4 of net securities losses for the three and nine months ended September 30, 2021, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These losses are included in commercial banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income.
Contractual Maturity Schedule	The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of September 30, 2022 are shown in the following table: ($ in millions) Available-for-Sale Debt and Other Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value Debt securities: (a) Due in 1 year or less $ 264 261 — — Due after 1 year through 5 years 12,971 12,086 3 3 Due after 5 years through 10 years 30,793 27,259 — — Due after 10 years 12,470 10,809 2 2 Other securities 874 874 — — Total $ 57,372 51,289 5 5 (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 September 30, 2022 U.S. Treasury and federal agencies securities $ 2,377 (204) — — 2,377 (204) Obligations of states and political subdivisions securities 1 — — — 1 — Agency residential mortgage-backed securities 10,719 (1,231) 509 (110) 11,228 (1,341) Agency commercial mortgage-backed securities 24,048 (3,020) 1,806 (532) 25,854 (3,552) Non-agency commercial mortgage-backed securities 4,155 (421) 485 (127) 4,640 (548) Asset-backed securities and other debt securities 4,521 (317) 1,332 (127) 5,853 (444) Total $ 45,821 (5,193) 4,132 (896) 49,953 (6,089) December 31, 2021 Agency residential mortgage-backed securities $ 935 (10) 161 (8) 1,096 (18) Agency commercial mortgage-backed securities 2,886 (49) 424 (20) 3,310 (69) Non-agency commercial mortgage-backed securities 1,052 (13) — — 1,052 (13) Asset-backed securities and other debt securities 2,870 (34) 367 (10) 3,237 (44) Total $ 7,743 (106) 952 (38) 8,695 (144)

Loans and Leases (Tables)

Loans and Leases (Tables)	9 Months Ended
	Sep. 30, 2022
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) September 30, December 31, Loans and leases held for sale: Commercial and industrial loans $ 68 7 Commercial mortgage loans — 13 Commercial leases 1 1 Residential mortgage loans 1,871 4,394 Total loans and leases held for sale $ 1,940 4,415 Portfolio loans and leases: Commercial and industrial loans (a) $ 56,437 51,659 Commercial mortgage loans 10,947 10,316 Commercial construction loans 5,573 5,241 Commercial leases 2,821 3,052 Total commercial loans and leases $ 75,778 70,268 Residential mortgage loans $ 17,600 16,397 Home equity 4,000 4,084 Indirect secured consumer loans 16,646 16,783 Credit card 1,770 1,766 Other consumer loans 4,205 2,752 Total consumer loans $ 44,221 41,782 Total portfolio loans and leases $ 119,999 112,050 (a) Includes $210 million and $1.3 billion as of September 30, 2022 and December 31, 2021, respectively, related to the SBA’s Paycheck Protection Program.
Total Loans and Leases Owned by the Bancorp	The following table presents a summary of the total loans and leases owned by the Bancorp as of: Carrying Value 90 Days Past Due and Still Accruing (a) ($ in millions) September 30, December 31, September 30, December 31, Commercial and industrial loans $ 56,505 51,666 16 17 Commercial mortgage loans 10,947 10,329 — 1 Commercial construction loans 5,573 5,241 — 1 Commercial leases 2,822 3,053 10 — Residential mortgage loans 19,471 20,791 7 72 Home equity 4,000 4,084 1 1 Indirect secured consumer loans 16,646 16,783 10 9 Credit card 1,770 1,766 14 15 Other consumer loans 4,205 2,752 1 1 Total loans and leases $ 121,939 116,465 59 117 Less: Loans and leases held for sale 1,940 4,415 Total portfolio loans and leases $ 119,999 112,050 (a) Excludes government guaranteed residential mortgage loans. The following table presents a summary of net charge-offs (recoveries): For the three months ended For the nine months ended ($ in millions) 2022 2021 2022 2021 Commercial and industrial loans $ 34 5 76 45 Commercial mortgage loans — (1) (1) 8 Commercial construction loans (1) — 2 — Commercial leases (1) — (1) (2) Residential mortgage loans (1) (1) (2) (2) Home equity (1) (1) (2) (2) Indirect secured consumer loans 10 (1) 23 8 Credit card 12 12 39 57 Other consumer loans 10 8 25 24 Total net charge-offs $ 62 21 159 136
Investment in Lease Financing	The following table presents the components of the net investment in portfolio leases as of: ($ in millions) (a) September 30, December 31, 2021 Net investment in direct financing leases: Lease payment receivable (present value) $ 655 886 Unguaranteed residual assets (present value) 129 147 Net premium on acquired leases 1 1 Net investment in sales-type leases: Lease payment receivable (present value) 1,721 1,678 Unguaranteed residual assets (present value) 67 55 (a) Excludes $248 and $285 of leveraged leases at September 30, 2022 and December 31, 2021, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity	The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows: As of September 30, 2022 ($ in millions) Direct Financing Sales-Type Leases Remainder of 2022 $ 52 139 2023 211 494 2024 152 407 2025 111 342 2026 83 189 2027 44 137 Thereafter 44 141 Total undiscounted cash flows $ 697 1,849 Less: Difference between undiscounted cash flows and discounted cash flows 42 128 Present value of lease payments (recognized as lease receivables) $ 655 1,721

Credit Quality and the Allowa_2

Credit Quality and the Allowance for Loan and Lease Losses (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Summary of Transactions in the ALLL	The following tables summarize transactions in the ALLL by portfolio segment: For the three months ended September 30, 2022 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,165 248 601 2,014 Losses charged off (a) (47) (1) (56) (104) Recoveries of losses previously charged off (a) 15 2 25 42 Provision for loan and lease losses 25 5 117 147 Balance, end of period $ 1,158 254 687 2,099 (a) The Bancorp recorded $8 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the three months ended September 30, 2021 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,224 235 574 2,033 Losses charged off (a) (10) (1) (45) (56) Recoveries of losses previously charged off (a) 6 2 27 35 Benefit from loan and lease losses (53) (1) (4) (58) Balance, end of period $ 1,167 235 552 1,954 (a) The Bancorp recorded $7 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the nine months ended September 30, 2022 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,102 235 555 1,892 Losses charged off (a) (95) (2) (162) (259) Recoveries of losses previously charged off (a) 19 4 77 100 Provision for loan and lease losses 132 17 217 366 Balance, end of period $ 1,158 254 687 2,099 (a) The Bancorp record ed $23 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the nine months ended September 30, 2021 ($ in millions) Commercial Residential Mortgage Consumer Total Balance, beginning of period $ 1,456 294 703 2,453 Losses charged off (a) (91) (3) (174) (268) Recoveries of losses previously charged off (a) 40 5 87 132 Benefit from loan and lease losses (238) (61) (64) (363) Balance, end of period $ 1,167 235 552 1,954 (a) The Bancorp recorded $25 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment	The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment: As of September 30, 2022 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 63 50 44 157 Collectively evaluated 1,095 204 643 1,942 Total ALLL $ 1,158 254 687 2,099 Portfolio loans and leases: (b) Individually evaluated $ 561 557 301 1,419 Collectively evaluated 75,217 16,918 26,320 118,455 Total portfolio loans and leases $ 75,778 17,475 26,621 119,874 (a) Includes $2 related to commercial leveraged leases at September 30, 2022. (b) Excludes $125 of residential mortgage loans measured at fair value and includes $248 of commercial leveraged leases, net of unearned income at September 30, 2022. As of December 31, 2021 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 77 46 41 164 Collectively evaluated 1,025 189 514 1,728 Total ALLL $ 1,102 235 555 1,892 Portfolio loans and leases: (b) Individually evaluated $ 579 460 313 1,352 Collectively evaluated 69,689 15,783 25,072 110,544 Total portfolio loans and leases $ 70,268 16,243 25,385 111,896 (a) Includes $2 related to commercial leveraged leases at December 31, 2021. (b) Excludes $154 of residential mortgage loans measured at fair value and includes $285 of commercial leveraged leases, net of unearned income at December 31, 2021.
Loan and Leases Balances by Credit Quality Indicator	The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk grade: As of September 30, 2022 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2022 2021 2020 2019 2018 Prior Total Commercial and industrial loans: Pass $ 3,105 3,508 1,145 567 348 631 43,715 — 53,019 Special mention 41 48 22 40 8 23 1,072 — 1,254 Substandard 60 86 245 28 10 149 1,566 — 2,144 Doubtful 14 — — — — — 6 — 20 Total commercial and industrial loans $ 3,220 3,642 1,412 635 366 803 46,359 — 56,437 Commercial mortgage owner-occupied loans: Pass $ 976 893 571 284 192 304 1,414 — 4,634 Special mention 12 20 15 11 13 5 52 — 128 Substandard 21 16 33 83 15 38 99 — 305 Doubtful — — — — — — — — — Total commercial mortgage owner- occupied loans $ 1,009 929 619 378 220 347 1,565 — 5,067 Commercial mortgage nonowner-occupied loans: Pass $ 919 440 520 485 241 195 2,465 — 5,265 Special mention — 161 28 — — 28 136 — 353 Substandard 100 1 18 4 3 17 119 — 262 Doubtful — — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 1,019 602 566 489 244 240 2,720 — 5,880 Commercial construction loans: Pass $ 75 28 93 9 35 7 4,895 — 5,142 Special mention — — — — — — 151 — 151 Substandard 49 — — — — 2 229 — 280 Doubtful — — — — — — — — — Total commercial construction loans $ 124 28 93 9 35 9 5,275 — 5,573 Commercial leases: Pass $ 444 715 331 214 167 782 — — 2,653 Special mention — 24 4 6 22 23 — — 79 Substandard 1 9 7 9 13 50 — — 89 Doubtful — — — — — — — — — Total commercial leases $ 445 748 342 229 202 855 — — 2,821 Total commercial loans and leases: Pass $ 5,519 5,584 2,660 1,559 983 1,919 52,489 — 70,713 Special mention 53 253 69 57 43 79 1,411 — 1,965 Substandard 231 112 303 124 41 256 2,013 — 3,080 Doubtful 14 — — — — — 6 — 20 Total commercial loans and leases $ 5,817 5,949 3,032 1,740 1,067 2,254 55,919 — 75,778 As of December 31, 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 $ 4,266 2,291 1,198 552 356 752 39,486 — 48,901 Special mention 37 22 12 29 22 5 665 — 792 Substandard 19 52 36 69 52 115 1,623 — 1,966 Doubtful — — — — — — — — — Total commercial and industrial loans $ 4,322 2,365 1,246 650 430 872 41,774 — 51,659 Commercial mortgage owner-occupied loans: Pass $ 1,082 804 471 296 183 331 1,141 — 4,308 Special mention — 31 46 17 2 40 69 — 205 Substandard 22 38 3 12 3 27 91 — 196 Doubtful — — — — — — — — — Total commercial mortgage owner-occupied loans $ 1,104 873 520 325 188 398 1,301 — 4,709 Commercial mortgage nonowner-occupied loans: Pass $ 635 733 595 284 141 302 1,977 — 4,667 Special mention 89 12 11 5 7 9 162 — 295 Substandard 160 78 4 3 9 3 388 — 645 Doubtful — — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 884 823 610 292 157 314 2,527 — 5,607 Commercial construction loans: Pass $ 50 69 11 37 — 9 4,488 — 4,664 Special mention — 39 — — — — 193 — 232 Substandard 17 — — — — — 328 — 345 Doubtful — — — — — — — — — Total commercial construction loans $ 67 108 11 37 — 9 5,009 — 5,241 Commercial leases: Pass $ 1,019 436 284 231 233 776 — — 2,979 Special mention 4 4 5 9 — 8 — — 30 Substandard 7 3 8 10 13 2 — — 43 Doubtful — — — — — — — — — Total commercial leases $ 1,030 443 297 250 246 786 — — 3,052 Total commercial loans and leases: Pass $ 7,052 4,333 2,559 1,400 913 2,170 47,092 — 65,519 Special mention 130 108 74 60 31 62 1,089 — 1,554 Substandard 225 171 51 94 77 147 2,430 — 3,195 Doubtful — — — — — — — — — Total commercial loans and leases $ 7,407 4,612 2,684 1,554 1,021 2,379 50,611 — 70,268 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 September 30, 2022 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2022 2021 2020 2019 2018 Prior Total Residential mortgage loans: Performing: Current (a) $ 2,836 5,528 3,042 1,079 358 4,495 — — 17,338 30-89 days past due 1 1 2 1 — 12 — — 17 90 days or more past due — 1 — — 1 5 — — 7 Total performing 2,837 5,530 3,044 1,080 359 4,512 — — 17,362 Nonperforming — 2 3 4 6 98 — — 113 Total residential mortgage loans (b) $ 2,837 5,532 3,047 1,084 365 4,610 — — 17,475 Home equity: Performing: Current $ 12 2 5 9 13 93 3,760 15 3,909 30-89 days past due — — — — — 2 20 — 22 90 days or more past due — — — — — 1 — — 1 Total performing 12 2 5 9 13 96 3,780 15 3,932 Nonperforming — — — — — 8 59 1 68 Total home equity $ 12 2 5 9 13 104 3,839 16 4,000 Indirect secured consumer loans: Performing: Current $ 4,944 6,430 2,920 1,413 508 298 — — 16,513 30-89 days past due 18 32 23 19 11 5 — — 108 90 days or more past due 1 3 2 2 1 1 — — 10 Total performing 4,963 6,465 2,945 1,434 520 304 — — 16,631 Nonperforming — 1 6 3 3 2 — — 15 Total indirect secured consumer loans $ 4,963 6,466 2,951 1,437 523 306 — — 16,646 Credit card: Performing: Current $ — — — — — — 1,715 — 1,715 30-89 days past due — — — — — — 18 — 18 90 days or more past due — — — — — — 14 — 14 Total performing — — — — — — 1,747 — 1,747 Nonperforming — — — — — — 23 — 23 Total credit card $ — — — — — — 1,770 — 1,770 Other consumer loans: Performing: Current $ 1,723 607 391 191 125 160 957 24 4,178 30-89 days past due 5 5 3 2 2 2 4 — 23 90 days or more past due — — — — — — 1 — 1 Total performing 1,728 612 394 193 127 162 962 24 4,202 Nonperforming 1 1 — — — 1 — — 3 Total other consumer loans $ 1,729 613 394 193 127 163 962 24 4,205 Total residential mortgage and consumer loans: Performing: Current $ 9,515 12,567 6,358 2,692 1,004 5,046 6,432 39 43,653 30-89 days past due 24 38 28 22 13 21 42 — 188 90 days or more past due 1 4 2 2 2 7 15 — 33 Total performing 9,540 12,609 6,388 2,716 1,019 5,074 6,489 39 43,874 Nonperforming 1 4 9 7 9 109 82 1 222 Total residential mortgage and consumer loans (b) $ 9,541 12,613 6,397 2,723 1,028 5,183 6,571 40 44,096 (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 September 30, 2022, $74 of these loans were 30-89 days past due and $139 were 90 days or more past due. The Bancorp recognized an immaterial amount and $2 of losses during the three and nine months ended September 30, 2022, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $125 of residential mortgage loans measured at fair value at September 30, 2022, including $2 of nonperforming loans. As of December 31, 2021 ($ 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) $ 5,886 3,309 1,294 418 954 4,261 — — 16,122 30-89 days past due 1 1 1 1 1 13 — — 18 90 days or more past due — 2 4 3 9 52 — — 70 Total performing 5,887 3,312 1,299 422 964 4,326 — — 16,210 Nonperforming — — 1 — 2 30 — — 33 Total residential mortgage loans (b) $ 5,887 3,312 1,300 422 966 4,356 — — 16,243 Home equity: Performing: Current $ 2 6 13 18 2 113 3,815 12 3,981 30-89 days past due — — — — — 3 22 — 25 90 days or more past due — — — — — 1 — — 1 Total performing 2 6 13 18 2 117 3,837 12 4,007 Nonperforming — — — — — 9 67 1 77 Total home equity $ 2 6 13 18 2 126 3,904 13 4,084 Indirect secured consumer loans: Performing: Current $ 8,732 4,206 2,221 902 389 194 — — 16,644 30-89 days past due 26 24 25 17 8 3 — — 103 90 days or more past due 2 2 2 2 1 — — — 9 Total performing 8,760 4,232 2,248 921 398 197 — — 16,756 Nonperforming — 12 5 5 3 2 — — 27 Total indirect secured consumer loans $ 8,760 4,244 2,253 926 401 199 — — 16,783 Credit card: Performing: Current $ — — — — — — 1,710 — 1,710 30-89 days past due — — — — — — 18 — 18 90 days or more past due — — — — — — 15 — 15 Total performing — — — — — — 1,743 — 1,743 Nonperforming — — — — — — 23 — 23 Total credit card $ — — — — — — 1,766 — 1,766 Other consumer loans: Performing: Current $ 692 530 275 174 105 47 913 — 2,736 30-89 days past due 3 2 3 2 1 — 2 1 14 90 days or more past due — — 1 — — — — — 1 Total performing 695 532 279 176 106 47 915 1 2,751 Nonperforming — — — — — — 1 — 1 Total other consumer loans $ 695 532 279 176 106 47 916 1 2,752 Total residential mortgage and consumer loans: Performing: Current $ 15,312 8,051 3,803 1,512 1,450 4,615 6,438 12 41,193 30-89 days past due 30 27 29 20 10 19 42 1 178 90 days or more past due 2 4 7 5 10 53 15 — 96 Total performing 15,344 8,082 3,839 1,537 1,470 4,687 6,495 13 41,467 Nonperforming — 12 6 5 5 41 91 1 161 Total residential mortgage and consumer loans (b) $ 15,344 8,094 3,845 1,542 1,475 4,728 6,586 14 41,628 (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, 2021, $49 of these loans were 30-89 days past due and $139 were 90 days or more past due. The Bancorp recognized $1 and $2 of losses during the three and nine months ended September 30, 2021 due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $154 of residential mortgage loans measured at fair value at December 31, 2021, including $2 of 90 days or more past due loans.
Summary by Age and Class of the Recorded Investment in Delinquencies Included in the Bancorp's Portfolio of Loans and Leases	The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class: Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of September 30, 2022 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans (b) $ 56,256 144 37 181 56,437 16 Commercial mortgage owner-occupied loans 5,050 16 1 17 5,067 — Commercial mortgage nonowner-occupied loans 5,876 3 1 4 5,880 — Commercial construction loans 5,571 — 2 2 5,573 — Commercial leases 2,802 9 10 19 2,821 10 Total portfolio commercial loans and leases $ 75,555 172 51 223 75,778 26 (a) Includes accrual and nonaccrual loans and leases. (b) Includes loans related to the SBA’s Paycheck Protection Program of which $3 were 30-89 days past due and $8 were 90 days or more past due. Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of December 31, 2021 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans (b) $ 51,549 61 49 110 51,659 17 Commercial mortgage owner-occupied loans 4,701 4 4 8 4,709 1 Commercial mortgage nonowner-occupied loans 5,606 — 1 1 5,607 — Commercial construction loans 5,241 — — — 5,241 1 Commercial leases 3,035 16 1 17 3,052 — Total portfolio commercial loans and leases $ 70,132 81 55 136 70,268 19 (a) Includes accrual and nonaccrual loans and leases. (b) Includes loans related to the SBA’s Paycheck Protection Program, of which $20 were 30-89 days past due and $6 were 90 days or more past due.
Summary of the Amortized Cost Basis of the Bancorp's Collateral Dependent Loans	The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of: ($ in millions) September 30, December 31, Commercial loans and leases: Commercial and industrial loans $ 469 467 Commercial mortgage owner-occupied loans 12 22 Commercial mortgage nonowner-occupied loans 29 31 Commercial construction loans 50 56 Commercial leases 1 3 Total commercial loans and leases $ 561 579 Residential mortgage loans 60 60 Consumer loans: Home equity 55 58 Indirect secured consumer loans 7 8 Total consumer loans $ 62 66 Total portfolio loans and leases $ 683 705
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: September 30, 2022 December 31, 2021 ($ in millions) With an ALLL No Related Total With an ALLL No Related Total Commercial loans and leases: Commercial and industrial loans $ 151 103 254 151 128 279 Commercial mortgage owner-occupied loans 8 8 16 10 13 23 Commercial mortgage nonowner-occupied loans 21 3 24 22 3 25 Commercial construction loans — 2 2 6 — 6 Commercial leases — 2 2 3 1 4 Total nonaccrual portfolio commercial loans and leases $ 180 118 298 192 145 337 Residential mortgage loans 70 45 115 14 19 33 Consumer loans: Home equity 49 19 68 53 24 77 Indirect secured consumer loans 12 3 15 21 6 27 Credit card 23 — 23 23 — 23 Other consumer loans 3 — 3 1 — 1 Total nonaccrual portfolio consumer loans $ 87 22 109 98 30 128 Total nonaccrual portfolio loans and leases (a)(b) $ 337 185 522 304 194 498 OREO and other repossessed property — 24 24 — 29 29 Total nonperforming portfolio assets (a)(b) $ 337 209 546 304 223 527 (a) Excludes an immaterial amount and $15 of nonaccrual loans held for sale as of September 30, 2022 and December 31, 2021, respectively. (b) Includes $14 and $26 of nonaccrual government insured commercial loans whose repayments are insured by the SBA as of September 30, 2022 and December 31, 2021, respectively, of which $8 and $11 are restructured nonaccrual government insured commercial loans as of September 30, 2022 and December 31, 2021, respectively.
Summary of Loans Modified in a TDR	The following tables provide a summary of portfolio loans, by class, modified in a TDR by the Bancorp during the three months ended: September 30, 2022 ($ 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 19 $ 31 — — Commercial mortgage owner-occupied loans 2 1 — — Residential mortgage loans 190 28 — — Consumer loans: Home equity 54 3 (1) — Indirect secured consumer loans 448 7 — — Credit card 1,380 7 3 — Total portfolio loans 2,093 $ 77 2 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. September 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 29 $ 23 (1) — Commercial mortgage owner-occupied loans 3 1 — — Commercial mortgage nonowner-occupied loans 1 — — — Residential mortgage loans 98 15 1 — Consumer loans: Home equity 54 3 (1) — Indirect secured consumer loans 1,045 19 — — Credit card 1,170 6 2 — Total portfolio loans 2,400 $ 67 1 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. The following tables provide a summary of loans and leases, by class, modified in a TDR by the Bancorp during the nine months ended: September 30, 2022 ($ 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 69 $ 196 13 — Commercial mortgage owner-occupied loans 8 5 (1) — Commercial mortgage nonowner-occupied loans 3 23 — — Commercial construction loans 2 4 (3) — Residential mortgage loans 928 143 7 — Consumer loans: Home equity 178 13 (3) — Indirect secured consumer loans 2,499 48 1 — Credit card 3,694 19 8 — Total portfolio loans 7,381 $ 451 22 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. September 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 55 $ 54 — — Commercial mortgage owner-occupied loans 4 6 — — Commercial mortgage nonowner-occupied loans 4 26 — — Residential mortgage loans 400 74 3 — Consumer loans: Home equity 151 8 (2) — Indirect secured consumer loans 3,238 70 1 — Credit card 4,338 24 6 — Total portfolio loans 8,190 $ 262 8 — (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 September 30, 2022 and 2021 and were within 12 months of the restructuring date: September 30, 2022 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 1 $ — Residential mortgage loans 70 11 Consumer loans: Home equity 6 — Indirect secured consumer loans 43 — Credit card 83 — Total portfolio loans 203 $ 11 (a) Excludes all loans held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. September 30, 2021 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 4 $ 1 Commercial mortgage owner-occupied loans 2 — Commercial mortgage nonowner-occupied loans 1 — Residential mortgage loans 10 1 Consumer loans: Home equity 5 — Indirect secured consumer loans 31 — Credit card 85 — Total portfolio loans 138 $ 2 (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 nine months ended September 30, 2022 and 2021 and were within 12 months of the restructuring date: September 30, 2022 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 8 $ — Commercial construction loans 1 2 Residential mortgage loans 176 24 Consumer loans: Home equity 21 1 Indirect secured consumer loans 102 1 Credit card 255 1 Total portfolio loans 563 $ 29 (a) Excludes all loans held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. September 30, 2021 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 5 $ 1 Commercial mortgage owner-occupied loans 2 — Commercial mortgage nonowner-occupied loans 2 25 Residential mortgage loans 61 8 Consumer loans: Home equity 22 1 Indirect secured consumer loans 89 2 Credit card 119 1 Total portfolio loans 300 $ 38 (a) Excludes all loans 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)	9 Months Ended
	Sep. 30, 2022
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) September 30, December 31, Equipment $ 2,468 2,392 Buildings (a) 1,680 1,668 Land and improvements (a) 646 645 Leasehold improvements 537 517 Construction in progress (a) 118 84 Bank premises and equipment held for sale: Land and improvements 18 18 Buildings 6 6 Accumulated depreciation and amortization (3,318) (3,210) Total bank premises and equipment $ 2,155 2,120 (a) Buildings, land and improvements and construction in progress included $28 and $39 associated with parcels of undeveloped land intended for future branch expansion at September 30, 2022 and December 31, 2021, respectively.

Operating Lease Equipment (Tabl

Operating Lease Equipment (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Future Lease Payments Receivable from Operating Leases	The following table presents future lease payments receivable from operating leases for the remainder of 2022 through 2027 and thereafter: As of September 30, 2022 ($ in millions) Undiscounted Remainder of 2022 $ 36 2023 129 2024 95 2025 68 2026 44 2027 20 Thereafter 20 Total operating lease payments $ 412

Lease Obligations - Lessee (Tab

Lease Obligations - Lessee (Tables)	9 Months Ended
	Sep. 30, 2022
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 September 30, December 31, Assets Operating lease right-of-use assets Other assets $ 479 427 Finance lease right-of-use assets Bank premises and equipment 158 145 Total right-of-use assets (a) $ 637 572 Liabilities Operating lease liabilities Accrued taxes, interest and expenses $ 568 520 Finance lease liabilities Long-term debt 163 149 Total lease liabilities $ 731 669 (a) Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $239 and $61, respectively, as of September 30, 2022, and $198 and $47, respectively, as of December 31, 2021.
Components of Lease Costs, Weighted-Average Lease Term and Discount Rate	The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the nine months ended 2022 2021 2022 2021 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 5 5 14 14 Interest on lease liabilities Interest on long-term debt 1 1 4 3 Total finance lease costs $ 6 6 18 17 Operating lease cost Net occupancy expense $ 21 20 62 59 Short-term lease cost Net occupancy expense — — 1 1 Variable lease cost Net occupancy expense 8 8 21 24 Sublease income Net occupancy expense (1) (1) (2) (2) Total operating lease costs $ 28 27 82 82 Total lease costs $ 34 33 100 99 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: September 30, December 31, Weighted-average remaining lease term (years): Operating leases 10.14 8.92 Finance leases 15.36 14.70 Weighted-average discount rate: Operating leases 3.02 % 2.88 Finance leases 2.90 2.74 The following table presents information related to lease transactions for the nine months ended September 30: ($ in millions) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 67 66 Operating cash flows from finance leases 4 3 Financing cash flows from finance leases 13 12 Gains on sale-leaseback transactions 4 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 for both operating leases and finance leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of September 30, 2022 ($ in millions) Operating Finance Total Remainder of 2022 $ 23 6 29 2023 87 21 108 2024 80 21 101 2025 73 14 87 2026 64 9 73 2027 56 8 64 Thereafter 287 131 418 Total undiscounted cash flows $ 670 210 880 Less: Difference between undiscounted cash flows and discounted cash flows 102 47 149 Present value of lease liabilities $ 568 163 731
Undiscounted Cash Flows for Finance Leases	The following table presents undiscounted cash flows for both operating leases and finance leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of September 30, 2022 ($ in millions) Operating Finance Total Remainder of 2022 $ 23 6 29 2023 87 21 108 2024 80 21 101 2025 73 14 87 2026 64 9 73 2027 56 8 64 Thereafter 287 131 418 Total undiscounted cash flows $ 670 210 880 Less: Difference between undiscounted cash flows and discounted cash flows 102 47 149 Present value of lease liabilities $ 568 163 731

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the Net Carrying Amount of Goodwill by Reporting Segment	Changes in the net carrying amount of goodwill, by reporting unit, for the nine months ended September 30, 2022 and the year ended December 31, 2021 were as follows: ($ in millions) Commercial Consumer and Small Business Wealth General Total Goodwill $ 2,730 2,262 231 — 5,223 Accumulated impairment losses (750) (215) — — (965) Net carrying value as of December 31, 2020 $ 1,980 2,047 231 — 4,258 Acquisition activity — 256 — — 256 Net carrying value as of December 31, 2021 1,980 2,303 231 — 4,514 Acquisition activity — 450 — — 450 Reallocation of goodwill 378 (378) — — — Sale of businesses (34) — (5) — (39) Net carrying value as of September 30, 2022 $ 2,324 2,375 226 — 4,925

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2022
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 September 30, 2022 Core deposit intangibles $ 229 (175) 54 Developed technology 106 (12) 94 Customer relationships 30 (7) 23 Operating leases 8 (7) 1 Other 14 (5) 9 Total intangible assets $ 387 (206) 181 As of December 31, 2021 Core deposit intangibles $ 229 (153) 76 Developed technology 62 (3) 59 Customer relationships 25 (7) 18 Operating leases 11 (9) 2 Other 4 (3) 1 Total intangible assets $ 331 (175) 156
Estimated Amortization Expense	Estimated amortization expense for the remainder of 2022 through 2026 is as follows: ($ in millions) Total Remainder of 2022 $ 12 2023 43 2024 35 2025 28 2026 22

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation of VIEs	The following table provides a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets for the consolidated VIEs as of: ($ in millions) September 30, December 31, Assets: Other short-term investments $ 19 24 Indirect secured consumer loans 177 322 Other consumer loans 46 — ALLL (3) (2) Other assets 2 2 Total assets $ 241 346 Liabilities: Other liabilities $ 9 1 Long-term debt 156 263 Total liabilities $ 165 264
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: September 30, 2022 ($ in millions) Total Total Maximum CDC investments $ 1,759 614 1,759 Private equity investments 177 — 340 Loans provided to VIEs 4,244 — 6,118 Lease pool entities 63 — 63 Solar loan securitizations 10 — 10 December 31, 2021 ($ in millions) Total Total Maximum CDC investments $ 1,705 580 1,705 Private equity investments 133 — 257 Loans provided to VIEs 3,386 — 4,873 Lease pool entities 68 — 68
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 September 30, For the nine months ended September 30, ($ in millions) 2022 2021 2022 2021 Proportional amortization Applicable income tax expense $ 53 38 130 125 Tax credits and other benefits Applicable income tax expense (58) (47) (149) (148) (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 nine months ended September 30, 2022 and 2021.

Sales of Receivables and Serv_2

Sales of Receivables and Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2022
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 nine months ended ($ in millions) 2022 2021 2022 2021 Residential mortgage loan sales (a) $ 3,943 4,722 10,445 12,348 Origination fees and gains on loan sales 24 78 73 248 Gross mortgage servicing fees 81 63 230 181 (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 nine months ended September 30: ($ in millions) 2022 2021 Balance, beginning of period $ 1,121 656 Servicing rights originated 186 172 Servicing rights purchased 208 210 Changes in fair value: Due to changes in inputs or assumptions (a) 358 123 Other changes in fair value (b) (141) (218) Balance, end of period $ 1,732 943 (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 nine months ended ($ in millions) 2022 2021 2022 2021 Securities losses, net – non-qualifying hedges on mortgage servicing rights $ (1) — (2) (2) Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio (a) (84) (11) (368) (99) MSR fair value adjustment due to changes in inputs or assumptions (a) 83 20 358 123 (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 September 30, 2022 and 2021 were as follows: September 30, 2022 September 30, 2021 Weighted- Prepayment OAS Weighted- Prepayment OAS Fixed-rate 6.9 11.3 % 760 6.5 10.8 % 777 Adjustable-rate 2.2 35.1 803 2.8 28.1 627
Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions	At September 30, 2022, 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: ($ in millions) (a) Prepayment OAS Fair Value Weighted- Impact of Adverse Change OAS Impact of Adverse Change on Fair Value Rate 10% 20% 50% 10% 20% Fixed-rate $ 1,726 9.1 5.2 % $ (37) (71) (160) 723 $ (50) (98) Adjustable-rate 6 5.1 20.3 (1) (1) (2) 1,204 — — (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)	9 Months Ended
	Sep. 30, 2022
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 September 30, 2022 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 3,955 110 212 Total fair value hedges 110 212 Cash flow hedges: Interest rate floors related to C&I loans 3,000 5 — Interest rate swaps related to C&I loans 8,000 — 97 Interest rate swaps related to C&I loans - forward starting (c) 11,000 3 — Interest rate swaps related to commercial mortgage and commercial construction loans 4,000 — 15 Interest rate swaps related to commercial mortgage and commercial construction loans - forward starting (c) 1,000 — — Total cash flow hedges 8 112 Total derivatives designated as qualifying hedging instruments 118 324 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives - risk management and other business purposes: Interest rate contracts related to MSR portfolio 2,975 66 24 Forward contracts related to residential mortgage loans held for sale (b) 2,418 68 7 Swap associated with the sale of Visa, Inc. Class B Shares 2,884 — 174 Foreign exchange contracts 178 8 — Interest-only strips 58 5 — Interest rate contracts for collateral management 12,000 6 5 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 153 210 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 77,980 953 1,726 Interest rate lock commitments 634 3 6 Commodity contracts 15,366 2,367 2,181 TBA securities 50 — — Foreign exchange contracts 26,179 745 705 Total free-standing derivatives – customer accommodation 4,068 4,618 Total derivatives not designated as qualifying hedging instruments 4,221 4,828 Total $ 4,339 5,152 (a) Derivative assets and liabilities are presented net of variation margin of $813 and $49, respectively. (b) Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments. (c) Forward starting swaps will become effective on various dates between February 2023 and January 2025. Fair Value December 31, 2021 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 1,955 393 2 Interest rate swaps related to available-for-sale debt and other securities 445 7 — Total fair value hedges 400 2 Cash flow hedges: Interest rate floors related to C&I loans 3,000 122 — Interest rate swaps related to C&I loans 8,000 — 1 Interest rate swaps related to commercial mortgage and commercial construction loans 4,000 — — Total cash flow hedges 122 1 Total derivatives designated as qualifying hedging instruments 522 3 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives – risk management and other business purposes: Interest rate contracts related to MSR portfolio 6,260 140 — Forward contracts related to residential mortgage loans held for sale (b) 1,952 2 2 Swap associated with the sale of Visa, Inc. Class B Shares 3,545 — 214 Foreign exchange contracts 158 — 1 Interest rate contracts for collateral management 12,000 5 4 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 147 221 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 76,061 578 232 Interest rate lock commitments 673 12 — Commodity contracts 12,376 1,326 1,260 TBA securities 55 — — Foreign exchange contracts 23,148 323 297 Total free-standing derivatives – customer accommodation 2,239 1,789 Total derivatives not designated as qualifying hedging instruments 2,386 2,010 Total $ 2,908 2,013 (a) Derivative assets and liabilities are presented net of variation margin of $104 and $472, respectively. (b) Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments.
Net Gains (Losses) Recognized in the Income Statement Related to Derivatives in Fair Value Hedging Relationships	The following table reflects the changes in fair value of interest rate contracts, designated as fair value hedges and the changes in fair value of the related hedged items attributable to the risk being hedged, as well as the line items in the Condensed Consolidated Statements of Income in which the corresponding gains or losses are recorded: Condensed Consolidated For the three months ended For the nine months ended ($ in millions) 2022 2021 2022 2021 Long-term debt: Change in fair value of interest rate swaps hedging long-term debt Interest on long-term debt $ (230) (25) (493) (124) Change in fair value of hedged long-term debt attributable to the risk being hedged Interest on long-term debt 230 25 493 124 Available-for-sale debt and other securities: Change in fair value of interest rate swaps hedging available-for-sale debt and other securities Interest on securities — 9 8 9 Change in fair value of hedged available-for-sale debt and other securities attributable to the risk being hedged Interest on securities — (9) (8) (9) 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 September 30, December 31, Long-term debt: Carrying amount of the hedged items Long-term debt $ 3,838 2,339 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Long-term debt (97) 396 Available-for-sale debt and other securities: Carrying amount of the hedged items (a) Available-for-sale debt and other securities — 465 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Available-for-sale debt and other securities — (8) Cumulative amount of fair value hedging adjustments remaining for hedged items for which hedge accounting has been discontinued Available-for-sale debt and other securities (14) — (a) The carrying amount represents the amortized cost basis of the hedged items (which excludes unrealized gains and losses) plus the fair value hedging adjustments.
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 nine months ended ($ in millions) 2022 2021 2022 2021 Amount of pre-tax net (losses) gains recognized in OCI $ (688) 3 (1,092) (67) Amount of pre-tax net gains reclassified from OCI into net income 4 74 140 219
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 nine months ended ($ in millions) 2022 2021 2022 2021 Interest rate contracts: Forward contracts related to residential mortgage loans held for sale Mortgage banking net revenue $ 59 23 61 32 Interest rate contracts related to MSR portfolio Mortgage banking net revenue (84) (11) (368) (99) Foreign exchange contracts: Foreign exchange contracts for risk management purposes Other noninterest income 11 3 14 (3) Equity contracts: Swap associated with sale of Visa, Inc. Class B Shares Other noninterest income (17) (17) (46) (67)
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) September 30, December 31, Pass $ 3,524 3,733 Special mention 95 13 Substandard 34 34 Total $ 3,653 3,780
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 nine months ended ($ in millions) 2022 2021 2022 2021 Interest rate contracts: Interest rate contracts for customers (contract revenue) Commercial banking revenue $ 12 8 37 27 Interest rate contracts for customers (credit portion of fair value adjustment) Other noninterest expense 2 2 11 19 Interest rate lock commitments Mortgage banking net revenue (6) 44 5 132 Commodity contracts: Commodity contracts for customers (contract revenue) Commercial banking revenue 11 6 30 17 Commodity contracts for customers (credit portion of fair value adjustment) Other noninterest expense 1 (1) (1) (1) Foreign exchange contracts: Foreign exchange contracts for customers (contract revenue) Commercial banking revenue 15 15 52 45 Foreign exchange contracts for customers (contract revenue) Other noninterest income 12 2 22 2 Foreign exchange contracts for customers (credit portion of fair value adjustment) Other noninterest expense (1) — (3) —
Offsetting Derivative Financial Instruments	The following table provides 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 September 30, 2022 Derivative assets $ 4,336 (1,927) (864) 1,545 Derivative liabilities 5,146 (1,927) (661) 2,558 As of December 31, 2021 Derivative assets $ 2,896 (837) (548) 1,511 Derivative liabilities 2,013 (837) (712) 464 (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)	9 Months Ended
	Sep. 30, 2022
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) September 30, December 31, FHLB advances $ 5,750 — Securities sold under repurchase agreements 475 544 Derivative collateral 127 436 Other borrowed money 26 — Total other short-term borrowings $ 6,378 980

Commitments, Contingent Liabi_2

Commitments, Contingent Liabilities and Guarantees (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Summary of Significant Commitments	The following table reflects a summary of significant commitments as of: ($ in millions) September 30, December 31, Commitments to extend credit $ 81,206 80,641 Forward contracts related to residential mortgage loans held for sale 2,418 1,952 Letters of credit 2,040 1,953 Capital commitments for private equity investments 163 124 Purchase obligations 124 160 Capital expenditures 103 78
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) September 30, December 31, Pass $ 79,242 78,298 Special mention 801 1,058 Substandard 1,163 1,285 Total commitments to extend credit $ 81,206 80,641
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 September 30, 2022: ($ in millions) Less than 1 year (a) $ 977 1 - 5 years (a) 1,060 Over 5 years 3 Total letters of credit $ 2,040 (a) Includes $1 and $3 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire in less than 1 year and between 1 - 5 years, respectively.
Credit Risk Associated with Letters of Credit	Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of: ($ in millions) September 30, December 31, Pass $ 1,849 1,778 Special mention 46 40 Substandard 145 135 Total letters of credit $ 2,040 1,953
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 Q4 2021 250 11 Q2 2022 600 25

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2022
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 September 30, 2022 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding losses on available-for-sale debt securities arising during period $ (2,780) 651 (2,129) Reclassification adjustment for net gains on available-for-sale debt securities included in net income — — — Net unrealized losses on available-for-sale debt securities (2,780) 651 (2,129) (2,546) (2,129) (4,675) Unrealized holding losses on cash flow hedge derivatives arising during period (688) 158 (530) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (4) 1 (3) Net unrealized losses on cash flow hedge derivatives (692) 159 (533) (63) (533) (596) Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 1 — 1 Defined benefit pension plans, net — — — (31) — (31) Other — — — (4) — (4) Total $ (3,472) 810 (2,662) (2,644) (2,662) (5,306) Total OCI Total AOCI September 30, 2021 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding losses on available-for-sale debt securities arising during period $ (368) 87 (281) Reclassification adjustment for net gains on available-for-sale debt securities included in net income (1) — (1) Net unrealized gains on available-for-sale debt securities (369) 87 (282) 1,472 (282) 1,190 Unrealized holding gains on cash flow hedge derivatives arising during period 3 (1) 2 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (74) 16 (58) Net unrealized gains on cash flow hedge derivatives (71) 15 (56) 548 (56) 492 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 (42) 1 (41) Other — — — (4) — (4) Total $ (438) 101 (337) 1,974 (337) 1,637 The tables below present the activity of the components of OCI and AOCI for the nine months ended: Total OCI Total AOCI September 30, 2022 ($ 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 $ (7,249) 1,685 (5,564) Reclassification adjustment for net gains on available-for-sale debt securities included in net income (3) 1 (2) Net unrealized losses on available-for-sale debt securities (7,252) 1,686 (5,566) 891 (5,566) (4,675) Unrealized holding losses on cash flow hedge derivatives arising during period (1,092) 252 (840) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (140) 31 (109) Net unrealized losses on cash flow hedge derivatives (1,232) 283 (949) 353 (949) (596) Net actuarial loss arising during the year (2) — (2) Reclassification of amounts to net periodic benefit costs 5 (1) 4 Defined benefit pension plans, net 3 (1) 2 (33) 2 (31) Other — — — (4) — (4) Total $ (8,481) 1,968 (6,513) 1,207 (6,513) (5,306) Total OCI Total AOCI September 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 $ (978) 230 (748) 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 (969) 228 (741) 1,931 (741) 1,190 Unrealized holding losses on cash flow hedge derivatives arising during period (67) 14 (53) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (219) 46 (173) Net unrealized gains on cash flow hedge derivatives (286) 60 (226) 718 (226) 492 Net actuarial loss arising during the year (2) — (2) Reclassification of amounts to net periodic benefit costs 7 (2) 5 Defined benefit pension plans, net 5 (2) 3 (44) 3 (41) Other — — — (4) — (4) Total $ (1,250) 286 (964) 2,601 (964) 1,637
Reclassification Out of Accumulated Other Comprehensive Income to Net Income	The table below presents reclassifications out of AOCI: Condensed Consolidated Statements of Income Caption For the three months ended For the nine months ended ($ in millions) 2022 2021 2022 2021 Net unrealized (losses) gains on available-for-sale debt securities: (b) Net gains (losses) included in net income Securities (losses) gains, net $ — 1 3 (9) Income before income taxes — 1 3 (9) Applicable income tax expense — — (1) 2 Net income — 1 2 (7) Net unrealized (losses) gains on cash flow hedge derivatives: (b) Interest rate contracts related to C&I, commercial mortgage and commercial construction loans Interest and fees on loans and leases 4 74 140 219 Income before income taxes 4 74 140 219 Applicable income tax expense (1) (16) (31) (46) Net income 3 58 109 173 Net periodic benefit costs: (b) Amortization of net actuarial loss Compensation and benefits (a) (1) (2) (3) (5) Settlements Compensation and benefits (a) — (1) (2) (2) Income before income taxes (1) (3) (5) (7) Applicable income tax expense — 1 1 2 Net income (1) (2) (4) (5) Total reclassifications for the period Net income $ 2 57 107 161 (a) This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 22 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021 for further information. (b) Amounts in parentheses indicate reductions to net income.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
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: 2022 2021 For the three months ended September 30, (in millions, except per share data) Income Average Per Share Income Average Per Share Earnings Per Share: Net income available to common shareholders $ 631 $ 684 Less: Income allocated to participating securities — 1 Net income allocated to common shareholders $ 631 689 $ 0.91 $ 683 697 $ 0.98 Earnings Per Diluted Share: Net income available to common shareholders $ 631 $ 684 Effect of dilutive securities: Stock-based awards — 6 — 9 Net income available to common shareholders plus assumed conversions $ 631 $ 684 Less: Income allocated to participating securities — 1 Net income allocated to common shareholders plus assumed conversions $ 631 695 $ 0.91 $ 683 706 $ 0.97 2022 2021 For the nine months ended September 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 $ 1,631 $ 2,032 Less: Income allocated to participating securities 1 5 Net income allocated to common shareholders $ 1,630 689 $ 2.37 $ 2,027 707 $ 2.87 Earnings Per Diluted Share: Net income available to common shareholders $ 1,631 $ 2,032 Effect of dilutive securities: Stock-based awards — 6 — 9 Net income available to common shareholders plus assumed conversions $ 1,631 $ 2,032 Less: Income allocated to participating securities 1 5 Net income allocated to common shareholders plus assumed conversions $ 1,630 695 $ 2.34 $ 2,027 716 $ 2.83

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
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 September 30, 2022 ($ 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 $ 2,377 — — 2,377 Obligations of states and political subdivisions securities — 18 — 18 Mortgage-backed securities: Agency residential mortgage-backed securities — 11,232 — 11,232 Agency commercial mortgage-backed securities — 25,889 — 25,889 Non-agency commercial mortgage-backed securities — 4,708 — 4,708 Asset-backed securities and other debt securities — 6,191 — 6,191 Available-for-sale debt and other securities (a) 2,377 48,038 — 50,415 Trading debt securities: U.S. Treasury and federal agencies securities 73 9 — 82 Obligations of states and political subdivisions securities — 36 — 36 Agency residential mortgage-backed securities — 7 — 7 Asset-backed securities and other debt securities — 289 — 289 Trading debt securities 73 341 — 414 Equity securities 306 9 — 315 Residential mortgage loans held for sale — 1,107 — 1,107 Residential mortgage loans (b) — — 125 125 Servicing rights — — 1,732 1,732 Derivative assets: Interest rate contracts 70 1,142 7 1,219 Foreign exchange contracts — 753 — 753 Commodity contracts 89 2,278 — 2,367 Derivative assets (c) 159 4,173 7 4,339 Total assets $ 2,915 53,668 1,864 58,447 Liabilities: Derivative liabilities: Interest rate contracts $ 8 2,070 14 2,092 Foreign exchange contracts — 705 — 705 Equity contracts — — 174 174 Commodity contracts 217 1,964 — 2,181 Derivative liabilities (d) 225 4,739 188 5,152 Short positions: U.S. Treasury and federal agencies securities 78 — — 78 Asset-backed securities and other debt securities — 222 — 222 Short positions (d) 78 222 — 300 Total liabilities $ 303 4,961 188 5,452 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $382, $490 and $2, respectively, at September 30, 2022. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets. Fair Value Measurements Using December 31, 2021 ($ 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 $ 86 — — 86 Obligations of states and political subdivisions securities — 18 — 18 Mortgage-backed securities: Agency residential mortgage-backed securities — 8,782 — 8,782 Agency commercial mortgage-backed securities — 18,951 — 18,951 Non-agency commercial mortgage-backed securities — 4,479 — 4,479 Asset-backed securities and other debt securities — 5,275 — 5,275 Available-for-sale debt and other securities (a) 86 37,505 — 37,591 Trading debt securities: U.S. Treasury and federal agencies securities 72 12 — 84 Obligations of states and political subdivisions securities — 32 — 32 Agency residential mortgage-backed securities — 105 — 105 Asset-backed securities and other debt securities — 291 — 291 Trading debt securities 72 440 — 512 Equity securities 365 11 — 376 Residential mortgage loans held for sale — 1,023 — 1,023 Residential mortgage loans (b) — — 154 154 Servicing rights — — 1,121 1,121 Derivative assets: Interest rate contracts 2 1,245 12 1,259 Foreign exchange contracts — 323 — 323 Commodity contracts 26 1,300 — 1,326 Derivative assets (c) 28 2,868 12 2,908 Total assets $ 551 41,847 1,287 43,685 Liabilities: Derivative liabilities: Interest rate contracts $ 2 231 8 241 Foreign exchange contracts — 298 — 298 Equity contracts — — 214 214 Commodity contracts 285 975 — 1,260 Derivative liabilities (d) 287 1,504 222 2,013 Short positions: U.S. Treasury and federal agencies securities 96 — — 96 Asset-backed securities and other debt securities — 201 — 201 Short positions (d) 96 201 — 297 Total liabilities $ 383 1,705 222 2,310 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $30, $486 and $3, respectively, at December 31, 2021. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs	The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended September 30, 2022 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 133 1,582 8 (199) 1,524 Total gains (losses) (realized/unrealized): (b) Included in earnings (7) 48 (5) (17) 19 Purchases/originations — 102 (1) — 101 Settlements (4) — (9) 42 29 Transfers into Level 3 (c) 3 — — — 3 Balance, end of period $ 125 1,732 (7) (174) 1,676 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 September 30, 2022 $ (7) 80 (2) (17) 54 (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $14, respectively, as of September 30, 2022. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2022. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended September 30, 2021 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 151 818 31 (213) 787 Total (losses) gains (realized/unrealized): (b) Included in earnings — (44) 44 (17) (17) Purchases/originations — 169 — — 169 Settlements (13) — (56) 19 (50) Transfers into Level 3 (c) 18 — — — 18 Balance, end of period $ 156 943 19 (211) 907 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 September 30, 2021 $ — 19 25 (17) 27 (a) Net interest rate derivatives include derivative assets and liabilities of $27 and $8, respectively, as of September 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the nine months ended September 30, 2022 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 154 1,121 4 (214) 1,065 Total gains (losses) (realized/unrealized): (b) Included in earnings (20) 217 8 (46) 159 Purchases/originations/acquisitions — 394 1 — 395 Settlements (19) — (20) 86 47 Transfers into Level 3 (c) 10 — — — 10 Balance, end of period $ 125 1,732 (7) (174) 1,676 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 September 30, 2022 $ (20) 338 1 (46) 273 (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $14, respectively, as of September 30, 2022. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2022. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the nine months ended September 30, 2021 ($ 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) (95) 136 (67) (27) Purchases/originations — 382 (2) — 380 Settlements (42) — (168) 57 (153) Transfers into Level 3 (c) 38 — — — 38 Balance, end of period $ 156 943 19 (211) 907 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 September 30, 2021 $ (1) 77 28 (67) 37 (a) Net interest rate derivatives include derivative assets and liabilities of $27 and $8, respectively, as of September 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
Total Gains and Losses Included in Earnings for Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs	The total gains and losses included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended ($ in millions) 2022 2021 2022 2021 Mortgage banking net revenue $ 35 — 202 38 Commercial banking revenue 1 — 3 2 Other noninterest income (17) (17) (46) (67) Total gains (losses) $ 19 (17) 159 (27) 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 September 30, 2022 and 2021 were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended ($ in millions) 2022 2021 2022 2021 Mortgage banking net revenue $ 70 44 316 102 Commercial banking revenue 1 — 3 2 Other noninterest income (17) (17) (46) (67) Total gains (losses) $ 54 27 273 37
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Input, Recurring	The following tables present information as of September 30, 2022 and 2021 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 September 30, 2022 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 125 Loss rate model Interest rate risk factor (24.6) - 2.6% (13.1) % (a) Credit risk factor — - 23.1% 0.4 % (a) (Fixed) 5.2 % (b) Servicing rights 1,732 DCF Prepayment speed — - 100% (Adjustable) 20.3 % (b) (Fixed) 723 (b) OAS (bps) 615 - 1,513 (Adjustable) 1,204 (b) IRLCs, net (3) DCF Loan closing rates 48.9 - 98.6% 90.1 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (174) DCF Timing of the resolution Q4 2023 - Q3 2026 Q1 2025 (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 September 30, 2021 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 156 Loss rate model Interest rate risk factor (7.5) - 8.6 % 1.1 % (a) Credit risk factor — - 28.3 % 0.3 % (a) (Fixed) 11.3 % (b) Servicing rights 943 DCF Prepayment speed — - 100.0 % (Adjustable) 22.5 % (b) (Fixed) 757 (b) OAS (bps) 536 - 1,587 (Adjustable) 990 (b) IRLCs, net 27 DCF Loan closing rates 24.3 - 97.2 % 76.5 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (211) DCF Timing of the resolution Q1 2023 - Q1 2025 Q1 2024 (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 September 30, 2022 and 2021, and for which a nonrecurring fair value adjustment was recorded during the three and nine months ended September 30, 2022 and 2021, 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 As of September 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended September 30, 2022 For the nine months ended September 30, 2022 Commercial loans and leases $ — — 161 161 (42) (89) Consumer and residential mortgage loans — — 120 120 — — OREO — — 3 3 — — Bank premises and equipment — — 3 3 (1) (2) Operating lease equipment — — 2 2 — (2) Private equity investments — 9 1 10 (1) (8) Total $ — 9 290 299 (44) (101) Fair Value Measurements Using Total (Losses) Gains As of September 30, 2021 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended September 30, 2021 For the nine months ended September 30, 2021 Commercial loans held for sale $ — — 2 2 — 2 Commercial loans and leases — — 268 268 7 (37) Consumer and residential mortgage loans — — 126 126 — (1) OREO — — 9 9 — (6) Bank premises and equipment — — 11 11 (3) (6) Operating lease equipment — — 31 31 — (25) Private equity investments — 1 14 15 8 8 Total $ — 1 461 462 12 (65)
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Input, Nonrecurring	The following tables present information as of September 30, 2022 and 2021 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 September 30, 2022 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans and leases $ 161 Appraised value Collateral value NM NM Consumer and residential mortgage loans 120 Appraised value Collateral value NM NM OREO 3 Appraised value Appraised value NM NM Bank premises and equipment 3 Appraised value Appraised value NM NM Operating lease equipment 2 Appraised value Appraised value NM NM Private equity investments 1 Comparable company analysis Market comparable transactions NM NM As of September 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 268 Appraised value Collateral value NM NM Consumer and residential mortgage loans 126 Appraised value Collateral value NM NM OREO 9 Appraised value Appraised value NM NM Bank premises and equipment 11 Appraised value Appraised value NM NM Operating lease equipment 31 Appraised value Appraised value NM NM Private equity investments 14 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: September 30, 2022 ($ in millions) Aggregate Fair Value Aggregate Unpaid Principal Balance Difference Residential mortgage loans measured at fair value $ 1,232 1,281 (49) Past due loans of 90 days or more 1 1 — Nonaccrual loans 2 2 — December 31, 2021 Residential mortgage loans measured at fair value $ 1,177 1,149 28 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 September 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 3,068 3,068 — — 3,068 Other short-term investments 6,594 6,594 — — 6,594 Other securities 874 — 874 — 874 Held-to-maturity securities 5 — — 5 5 Loans and leases held for sale 833 — — 837 837 Portfolio loans and leases: Commercial loans and leases 74,620 — — 74,090 74,090 Consumer and residential mortgage loans 43,155 — — 40,819 40,819 Total portfolio loans and leases, net $ 117,775 — — 114,909 114,909 Financial liabilities: Deposits $ 161,652 — 161,606 — 161,606 Federal funds purchased 212 212 — — 212 Other short-term borrowings 6,378 — 6,365 — 6,365 Long-term debt 11,808 11,032 403 — 11,435 Net Carrying Fair Value Measurements Using Total As of December 31, 2021 ($ in millions) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 2,994 2,994 — — 2,994 Other short-term investments 34,572 34,572 — — 34,572 Other securities 519 — 519 — 519 Held-to-maturity securities 8 — — 8 8 Loans and leases held for sale 3,392 — — 3,405 3,405 Portfolio loans and leases: Commercial loans and leases 69,166 — — 69,924 69,924 Consumer and residential mortgage loans 40,838 — — 41,632 41,632 Total portfolio loans and leases, net $ 110,004 — — 111,556 111,556 Financial liabilities: Deposits $ 169,324 — 169,316 — 169,316 Federal funds purchased 281 281 — — 281 Other short-term borrowings 980 — 980 — 980 Long-term debt 11,425 12,091 387 — 12,478

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2022
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: September 30, 2022 ($ in millions) Commercial Consumer Wealth General Eliminations Total Net interest income $ 594 833 79 (8) — 1,498 Provision for (benefit from) credit losses (2) 34 — 126 — 158 Net interest income after provision for (benefit from) credit losses $ 596 799 79 (134) — 1,340 Noninterest income: Service charges on deposits $ 90 53 — — — 143 Wealth and asset management revenue 1 52 132 — (44) (a) 141 Commercial banking revenue 133 1 1 (1) — 134 Card and processing revenue 22 79 1 3 — 105 Leasing business revenue 60 — — — — 60 Mortgage banking net revenue — 69 — — — 69 Other noninterest income (b) 24 33 — 2 — 59 Securities losses, net (32) — — (6) — (38) Securities losses, net – non-qualifying hedges on MSRs — (1) — — — (1) Total noninterest income $ 298 286 134 (2) (44) 672 Noninterest expense: Compensation and benefits $ 147 207 54 197 — 605 Technology and communications 2 6 — 98 — 106 Net occupancy expense 10 49 3 12 — 74 Equipment expense 7 9 — 20 — 36 Leasing business expense 33 — — — — 33 Marketing expense 1 20 — 14 — 35 Card and processing expense 3 19 — (1) — 21 Other noninterest expense 237 298 85 (319) (44) 257 Total noninterest expense $ 440 608 142 21 (44) 1,167 Income (loss) before income taxes $ 454 477 71 (157) — 845 Applicable income tax expense (benefit) 85 100 15 (8) — 192 Net income (loss) $ 369 377 56 (149) — 653 Total goodwill $ 2,324 2,375 226 — — 4,925 Total assets $ 83,798 84,653 12,232 24,780 (c) — 205,463 (a) Revenue sharing agreements between Wealth and Asset Management and Consumer and Small Business Banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes $1 of impairment charges for bank premises and equipment recorded in Consumer and Small Business Banking. For more information, refer to Note 7 and Note 22. (c) Includes bank premises and equipment of $24 classified as held for sale. For more information, refer to Note 7. September 30, 2021 ($ in millions) Commercial Consumer Wealth General Eliminations Total Net interest income $ 394 429 22 344 — 1,189 (Benefit from) provision for credit losses (250) 19 — 189 — (42) Net interest income after (benefit from) provision for credit losses $ 644 410 22 155 — 1,231 Noninterest income: Service charges on deposits $ 96 56 — — — 152 Wealth and asset management revenue — 53 140 — (46) (a) 147 Commercial banking revenue 151 1 — — — 152 Card and processing revenue 21 78 1 2 — 102 Leasing business revenue 78 — — — — 78 Mortgage banking net revenue — 85 1 — — 86 Other noninterest income (b) 26 28 1 65 — 120 Securities (losses) gains, net 2 — — (3) — (1) Securities losses, net – non-qualifying hedges on MSRs — — — — — — Total noninterest income $ 374 301 143 64 (46) 836 Noninterest expense: Compensation and benefits $ 152 207 48 220 — 627 Technology and communications 5 4 — 89 — 98 Net occupancy expense (c) 9 49 4 17 — 79 Equipment expense 7 9 — 18 — 34 Leasing business expense 33 — — — — 33 Marketing expense 1 11 1 16 — 29 Card and processing expense 2 18 — (1) — 19 Other noninterest expense 225 295 81 (302) (46) 253 Total noninterest expense $ 434 593 134 57 (46) 1,172 Income before income taxes $ 584 118 31 162 — 895 Applicable income tax expense 114 25 7 45 — 191 Net income $ 470 93 24 117 — 704 Total goodwill $ 1,981 2,302 231 — — 4,514 Total assets $ 72,423 83,130 11,272 40,906 (d) — 207,731 (a) Revenue sharing agreements between Wealth and Asset Management and Consumer and Small Business Banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $3 recorded in Consumer and Small Business Banking for bank premises and equipment. For more information, refer to Note 7 and Note 22. (c) Includes impairment losses and termination charges of $1 for ROU assets related to certain operating leases. For more information, refer to Note 9. (d) Includes bank premises and equipment of $25 classified as held for sale. For more information, refer to Note 7. The following tables present the results of operations and assets by business segment for the nine months ended: September 30, 2022 ($ in millions) Commercial Consumer Wealth General Eliminations Total Net interest income $ 1,669 1,981 167 215 — 4,032 Provision for credit losses 44 93 — 246 — 383 Net interest income after provision for credit losses $ 1,625 1,888 167 (31) — 3,649 Noninterest income: Service charges on deposits $ 285 164 1 (1) — 449 Wealth and asset management revenue 2 154 407 — (133) (a) 430 Commercial banking revenue 405 2 1 (2) — 406 Card and processing revenue 65 231 2 8 — 306 Leasing business revenue 179 (c) — — — — 179 Mortgage banking net revenue — 151 1 — — 152 Other noninterest income (b) 88 86 — 21 — 195 Securities losses, net (32) — — (52) — (84) Securities losses, net – non-qualifying hedges on MSRs — (2) — — — (2) Total noninterest income $ 992 786 412 (26) (133) 2,031 Noninterest expense: Compensation and benefits $ 483 630 166 621 — 1,900 Technology and communications 9 15 1 281 — 306 Net occupancy expense (e) 30 147 9 39 — 225 Equipment expense 21 28 — 59 — 108 Leasing business expense 95 — — — — 95 Marketing expense 3 44 1 39 — 87 Card and processing expense 8 54 — (3) — 59 Other noninterest expense 712 871 244 (973) (133) 721 Total noninterest expense $ 1,361 1,789 421 63 (133) 3,501 Income (loss) before income taxes $ 1,256 885 158 (120) — 2,179 Applicable income tax expense 230 186 33 21 — 470 Net income (loss) $ 1,026 699 125 (141) — 1,709 Total goodwill $ 2,324 2,375 226 — — 4,925 Total assets $ 83,798 84,653 12,232 24,780 (d) — 205,463 (a) Revenue sharing agreements between Wealth and Asset Management and Consumer and Small Business Banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes $2 of impairment charges for bank premises and equipment recorded in Consumer and Small Business Banking. For more information, refer to Note 7 and Note 22. (c) Includes impairment charges of $2 for operating lease equipment. For more information, refer to Note 8 and Note 22. (d) Includes bank premises and equipment of $ 24 classified as held for sale. For more information, refer to Note 7. (e) Includes $2 of impairment losses and termination charges for ROU assets related to certain operating leases. For more information, refer to Note 9. September 30, 2021 ($ in millions) Commercial Consumer Wealth General Eliminations Total Net interest income $ 1,183 1,247 64 1,080 — 3,574 (Benefit from) provision for credit losses (479) 95 (1) 55 — (330) Net interest income after (benefit from) provision for credit losses $ 1,662 1,152 65 1,025 — 3,904 Noninterest income: Service charges on deposits $ 288 157 — — — 445 Wealth and asset management revenue 2 154 414 — (134) (a) 436 Commercial banking revenue 462 2 1 — — 465 Card and processing revenue 57 232 2 7 — 298 Leasing business revenue 226 (c) — — — — 226 Mortgage banking net revenue — 233 2 — — 235 Other noninterest income (b) 70 75 3 63 — 211 Securities gains, net 8 — — 4 — 12 Securities losses, net – non-qualifying hedges on MSRs — (2) — — — (2) Total noninterest income $ 1,113 851 422 74 (134) 2,326 Noninterest expense: Compensation and benefits $ 475 633 151 712 — 1,971 Technology and communications 12 12 1 260 — 285 Net occupancy expense (d) 28 149 11 47 — 235 Equipment expense 19 28 — 55 — 102 Leasing business expense 102 — — — — 102 Marketing expense 4 26 1 41 — 72 Card and processing expense 5 68 — (3) — 70 Other noninterest expense 668 882 236 (948) (134) 704 Total noninterest expense $ 1,313 1,798 400 164 (134) 3,541 Income before income taxes $ 1,462 205 87 935 — 2,689 Applicable income tax expense 276 44 19 243 — 582 Net income $ 1,186 161 68 692 — 2,107 Total goodwill $ 1,981 2,302 231 — — 4,514 Total assets $ 72,423 83,130 11,272 40,906 (e) — 207,731 (a) Revenue sharing agreements between Wealth and Asset Management and Consumer and Small Business Banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $6 and $1 for branches and land recorded in Consumer and Small Business Banking and General Corporate and Other, respectively. For more information, refer to Note 7 and Note 22. (c) Includes impairment charges of $25 for operating lease equipment. For more information, refer to Note 8 and Note 22. (d) Includes impairment losses and termination charges of $3 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.

Supplemental Cash Flow (Details

Supplemental Cash Flow (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash Payments:
Interest	$ 487	$ 431
Income taxes	124	500
Transfers:
Portfolio loans and leases to loans and leases held for sale	105	414
Loans and leases held for sale to portfolio loans and leases	406	38
Portfolio loans and leases to OREO	5	7
Bank premises and equipment to OREO	22	19
Supplemental Disclosures:
Net additions to lease liabilities under operating leases	102	59
Net additions to lease liabilities under finance leases	$ 29	$ 29

Investment Securities - Investm

Investment Securities - Investment Securities (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Available-for-sale debt and other securities:
Amortized Cost		$ 57,372	$ 36,941
Unrealized Gains		6	1,313
Unrealized Losses		(6,089)	(144)
Fair Value	[1]	51,289	38,110
Held-to-maturity securities:
Amortized Cost		5	8
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		5	8
Trading debt securities		414	512
Equity securities		315	376
U.S. Treasury and federal agencies securities
Available-for-sale debt and other securities:
Amortized Cost		2,581	85
Unrealized Gains		0	1
Unrealized Losses		(204)	0
Fair Value		2,377	86
Obligations of states and political subdivisions securities
Available-for-sale debt and other securities:
Amortized Cost		18	18
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		18	18
Held-to-maturity securities:
Amortized Cost		3	6
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		3	6
Agency mortgage-backed securities | Residential mortgage backed securities
Available-for-sale debt and other securities:
Amortized Cost		12,573	8,432
Unrealized Gains		0	368
Unrealized Losses		(1,341)	(18)
Fair Value		11,232	8,782
Agency mortgage-backed securities | Commercial mortgage-backed securities
Available-for-sale debt and other securities:
Amortized Cost		29,440	18,236
Unrealized Gains		1	784
Unrealized Losses		(3,552)	(69)
Fair Value		25,889	18,951
Non-agency mortgage-backed securities | Commercial mortgage-backed securities
Available-for-sale debt and other securities:
Amortized Cost		5,256	4,364
Unrealized Gains		0	128
Unrealized Losses		(548)	(13)
Fair Value		4,708	4,479
Asset-backed securities and other debt securities
Available-for-sale debt and other securities:
Amortized Cost		6,630	5,287
Unrealized Gains		5	32
Unrealized Losses		(444)	(44)
Fair Value		6,191	5,275
Held-to-maturity securities:
Amortized Cost		2	2
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		2	2
Other securities
Available-for-sale debt and other securities:
Amortized Cost		874	519
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		874	519
FHLB, restricted stock holdings		382	30
FRB, restricted stock holdings		490	486
DTCC, restricted stock holdings		$ 2	$ 3
[1]Amortized cost of $57,372 and $36,941 at September 30, 2022 and December 31, 2021, respectively.

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Accrued interest receivables on investment securities	$ 132		$ 132		$ 82
Impairment losses	0	$ 12	0	$ 19
Securities with a fair value, pledged as collateral	10,300		10,300		11,200
Investment Holdings [Line Items]
Unrealized losses	6,089		6,089		144
Non-rated Securities
Investment Holdings [Line Items]
Unrealized losses	$ 75		$ 75		$ 2

Investment Securities - Gains a

Investment Securities - Gains and Losses Recognized in Income from Securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Available-for-sale debt and other securities:
Realized gains	$ 3	$ 16	$ 15	$ 24
Realized losses	(3)	(3)	(12)	(14)
Impairment losses	0	(12)	0	(19)
Net realized gains (losses) on available-for-sale debt and other securities	0	1	3	(9)
Trading debt securities:
Net realized losses	(1)	0	(2)	(1)
Net unrealized gains (losses)	0	(1)	11	0
Net trading debt securities gains (losses)	(1)	(1)	9	(1)
Equity securities:
Net realized gains	1	2	1	6
Net unrealized (losses) gains	(39)	(3)	(99)	14
Net equity securities (losses) gains	(38)	(1)	(98)	20
Total (losses) gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities	(39)	(1)	(86)	10
Commercial Banking Revenue and Wealth and Asset Management Revenue
Investment Holdings [Line Items]
Securities gains (losses)	$ (1)	$ (1)	$ (4)	$ (4)

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Available-for-Sale Debt and Held-to-Maturity Securities (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Available-for-Sale Debt and Other, Amortized Cost
Due in 1 year or less		$ 264
Due after 1 year through 5 years		12,971
Due after 5 years through 10 years		30,793
Due after 10 years		12,470
Other securities		874
Amortized Cost		57,372	$ 36,941
Available-for-Sale Debt and Other, Fair Value
Due in 1 year or less		261
Due after 1 year through 5 years		12,086
Due after 5 years through 10 years		27,259
Due after 10 years		10,809
Other securities		874
Fair Value	[1]	51,289	38,110
Held-to-Maturity, Amortized Cost
Due in 1 year or less		0
Due after 1 year through 5 years		3
Due after 5 years through 10 years		0
Due after 10 years		2
Other securities		0
Amortized Cost		5	8
Held-to-Maturity, Fair Value
Due in 1 year or less		0
Due after 1 year through 5 years		3
Due after 5 years through 10 years		0
Due after 10 years		2
Other securities		0
Fair Value		$ 5	$ 8
[1]Amortized cost of $57,372 and $36,941 at September 30, 2022 and December 31, 2021, respectively.

Investment Securities - Fair Va

Investment Securities - Fair Value and Gross Unrealized Losses on Available-for-Sale Debt Securities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value
Less than 12 months	$ 45,821	$ 7,743
12 months or more	4,132	952
Total	49,953	8,695
Unrealized Losses
Less than 12 months	(5,193)	(106)
12 months or more	(896)	(38)
Total	(6,089)	(144)
U.S. Treasury and federal agencies securities
Fair Value
Less than 12 months	2,377
12 months or more	0
Total	2,377
Unrealized Losses
Less than 12 months	(204)
12 months or more	0
Total	(204)
Obligations of states and political subdivisions securities
Fair Value
Less than 12 months	1
12 months or more	0
Total	1
Unrealized Losses
Less than 12 months	0
12 months or more	0
Total	0
Agency mortgage-backed securities | Residential mortgage backed securities
Fair Value
Less than 12 months	10,719	935
12 months or more	509	161
Total	11,228	1,096
Unrealized Losses
Less than 12 months	(1,231)	(10)
12 months or more	(110)	(8)
Total	(1,341)	(18)
Agency mortgage-backed securities | Commercial mortgage-backed securities
Fair Value
Less than 12 months	24,048	2,886
12 months or more	1,806	424
Total	25,854	3,310
Unrealized Losses
Less than 12 months	(3,020)	(49)
12 months or more	(532)	(20)
Total	(3,552)	(69)
Non-agency mortgage-backed securities | Commercial mortgage-backed securities
Fair Value
Less than 12 months	4,155	1,052
12 months or more	485	0
Total	4,640	1,052
Unrealized Losses
Less than 12 months	(421)	(13)
12 months or more	(127)	0
Total	(548)	(13)
Asset-backed securities and other debt securities
Fair Value
Less than 12 months	4,521	2,870
12 months or more	1,332	367
Total	5,853	3,237
Unrealized Losses
Less than 12 months	(317)	(34)
12 months or more	(127)	(10)
Total	$ (444)	$ (44)

Loans and Leases - Loans and Le

Loans and Leases - Loans and Leases Classified by Primary Purpose (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Loans and leases held for sale:
Loans and leases held for sale	[1]	$ 1,940	$ 4,415
Portfolio loans and leases:
Commercial and industrial loans		56,437	51,659
Commercial mortgage loans		10,947	10,316
Commercial construction loans		5,573	5,241
Commercial leases		2,821	3,052
Residential mortgage loans		17,600	16,397
Home equity		4,000	4,084
Indirect secured consumer loans		16,646	16,783
Credit card		1,770	1,766
Other consumer loans		4,205	2,752
Loans and leases		117,900	110,158
Total portfolio loans and leases	[2],[3]	119,999	112,050
Residential mortgage loans
Loans and leases held for sale:
Loans and leases held for sale		1,871	4,394
Commercial
Portfolio loans and leases:
Loans and leases		75,778	70,268
Commercial | Commercial and industrial loans
Loans and leases held for sale:
Loans and leases held for sale		68	7
Portfolio loans and leases:
Loans and leases		56,437	51,659
Loans and leases related to SBA Paycheck Protection Program of CARES Act		210	1,300
Commercial | Commercial mortgage loans
Loans and leases held for sale:
Loans and leases held for sale		0	13
Commercial | Commercial leases
Loans and leases held for sale:
Loans and leases held for sale		1	1
Portfolio loans and leases:
Loans and leases		2,821	3,052
Consumer
Portfolio loans and leases:
Loans and leases		$ 44,221	$ 41,782
[1]Includes $1,107 and $1,023 of residential mortgage loans held for sale measured at fair value at September 30, 2022 and December 31, 2021, respectively.[2]Includes $125 and $154 of residential mortgage loans measured at fair value at September 30, 2022 and December 31, 2021, respectively.[3]Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Loans and Leases - Additional I

Loans and Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021		Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable
Unearned income	$ 241			$ 241				$ 244
Net premium	355			355				498
Accrued interest receivable	403			403				332
Direct financing lease - interest income	7		$ 10	22		$ 33
Sales type lease - interest income	13		11	36		31
Allowance for loan and lease losses	2,099	[1]	$ 1,954	2,099	[1]	$ 1,954	$ 2,014	1,892	[1]	$ 2,033	$ 2,453
Commercial Leases
Accounts, Notes, Loans and Financing Receivable
Allowance for loan and lease losses	16			16				15
Federal Home Loan Bank Advances
Accounts, Notes, Loans and Financing Receivable
Loans pledged	16,700			16,700				15,300
FRB Loan
Accounts, Notes, Loans and Financing Receivable
Loans pledged	$ 56,600			$ 56,600				$ 50,900
[1]Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Loans and Leases - Total Loans

Loans and Leases - Total Loans and Leases Managed by the Bancorp (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		$ 121,939	$ 116,465
90 Days Past Due and Still Accruing		59	117
Loans and leases held for sale	[1]	1,940	4,415
Total portfolio loans and leases	[2],[3]	119,999	112,050
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		19,471	20,791
90 Days Past Due and Still Accruing		7	72
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		56,505	51,666
90 Days Past Due and Still Accruing		16	17
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		10,947	10,329
90 Days Past Due and Still Accruing		0	1
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		5,573	5,241
90 Days Past Due and Still Accruing		0	1
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		2,822	3,053
90 Days Past Due and Still Accruing		10	0
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		4,000	4,084
90 Days Past Due and Still Accruing		1	1
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		16,646	16,783
90 Days Past Due and Still Accruing		10	9
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		1,770	1,766
90 Days Past Due and Still Accruing		14	15
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		4,205	2,752
90 Days Past Due and Still Accruing		$ 1	$ 1
[1]Includes $1,107 and $1,023 of residential mortgage loans held for sale measured at fair value at September 30, 2022 and December 31, 2021, respectively.[2]Includes $125 and $154 of residential mortgage loans measured at fair value at September 30, 2022 and December 31, 2021, respectively.[3]Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Loans and Leases - Net Charge-O

Loans and Leases - Net Charge-Offs (Recoveries) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	$ 62	$ 21	$ 159	$ 136
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)	(1)	(1)	(2)	(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)	34	5	76	45
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)	0	(1)	(1)	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
Net charge-offs (recoveries)	(1)	0	2	0
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)	(1)	0	(1)	(2)
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)	(2)	(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
Net charge-offs (recoveries)	10	(1)	23	8
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)	12	12	39	57
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)	$ 10	$ 8	$ 25	$ 24

Loans and Leases - Components o

Loans and Leases - Components of Net Investment in Leases (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Net investment in sales-type leases:
Leveraged leases	$ 248	$ 285
Direct Financing Leases
Net investment in direct financing leases:
Lease payment receivable (present value)	655	886
Unguaranteed residual assets (present value)	129	147
Net premium on acquired leases	1	1
Sales-Type Leases
Net investment in sales-type leases:
Lease payment receivable (present value)	1,721	1,678
Unguaranteed residual assets (present value)	$ 67	$ 55

Loans and Leases - Undiscounted

Loans and Leases - Undiscounted Cash Flows (Details) $ in Millions	Sep. 30, 2022 USD ($)
Direct Financing Leases
Accounts, Notes, Loans and Financing Receivable
Remainder of 2022	$ 52
2023	211
2024	152
2025	111
2026	83
2027	44
Thereafter	44
Total undiscounted cash flows	697
Less: Difference between undiscounted cash flows and discounted cash flows	42
Present value of lease payments (recognized as lease receivables)	655
Sales-Type Leases
Accounts, Notes, Loans and Financing Receivable
Remainder of 2022	139
2023	494
2024	407
2025	342
2026	189
2027	137
Thereafter	141
Total undiscounted cash flows	1,849
Less: Difference between undiscounted cash flows and discounted cash flows	128
Present value of lease payments (recognized as lease receivables)	$ 1,721

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			9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 2,014		$ 2,033	$ 1,892	[1]	$ 2,453
Losses charged-off	(104)		(56)	(259)		(268)
Recoveries of losses previously charged-off	42		35	100		132
(Benefit from) provision for loan and lease losses	147		(58)	366		(363)
Balance, end of period	2,099	[1]	1,954	2,099	[1]	1,954
Other Consumer Loans, Point of Sale
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Losses charged-off	(8)		(7)	(23)		(25)
Recoveries of losses previously charged-off	8		7	23		25
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,165		1,224	1,102		1,456
Losses charged-off	(47)		(10)	(95)		(91)
Recoveries of losses previously charged-off	15		6	19		40
(Benefit from) provision for loan and lease losses	25		(53)	132		(238)
Balance, end of period	1,158		1,167	1,158		1,167
Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	248		235	235		294
Losses charged-off	(1)		(1)	(2)		(3)
Recoveries of losses previously charged-off	2		2	4		5
(Benefit from) provision for loan and lease losses	5		(1)	17		(61)
Balance, end of period	254		235	254		235
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	601		574	555		703
Losses charged-off	(56)		(45)	(162)		(174)
Recoveries of losses previously charged-off	25		27	77		87
(Benefit from) provision for loan and lease losses	117		(4)	217		(64)
Balance, end of period	$ 687		$ 552	$ 687		$ 552
[1]Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

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	Sep. 30, 2022		Jun. 30, 2022	Dec. 31, 2021		Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	$ 157			$ 164
Collectively evaluated	1,942			1,728
Total ALLL	2,099	[1]	$ 2,014	1,892	[1]	$ 1,954	$ 2,033	$ 2,453
Individually evaluated	1,419			1,352
Collectively evaluated	118,455			110,544
Total portfolio loans and leases	119,874			111,896
Leveraged leases	248			285
Commercial Leveraged Leases
Financing Receivable, Allowance for Credit Loss [Line Items]
Total ALLL	2			2
Leveraged leases	248			285
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	63			77
Collectively evaluated	1,095			1,025
Total ALLL	1,158		1,165	1,102		1,167	1,224	1,456
Individually evaluated	561			579
Collectively evaluated	75,217			69,689
Total portfolio loans and leases	75,778			70,268
Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	50			46
Collectively evaluated	204			189
Total ALLL	254		248	235		235	235	294
Individually evaluated	557			460
Collectively evaluated	16,918			15,783
Total portfolio loans and leases	17,475			16,243
Residential mortgage loans	125			154		156
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	44			41
Collectively evaluated	643			514
Total ALLL	687		$ 601	555		$ 552	$ 574	$ 703
Individually evaluated	301			313
Collectively evaluated	26,320			25,072
Total portfolio loans and leases	$ 26,621			$ 25,385
[1]Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

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	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Modifications
Portfolio loans and leases, net	$ 117,900	$ 110,158
Commercial
Financing Receivable, Modifications
Year One	5,817	7,407
Year Two	5,949	4,612
Year Three	3,032	2,684
Year Four	1,740	1,554
Year Five	1,067	1,021
Prior	2,254	2,379
Revolving Loans	55,919	50,611
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	75,778	70,268
Commercial | Pass
Financing Receivable, Modifications
Year One	5,519	7,052
Year Two	5,584	4,333
Year Three	2,660	2,559
Year Four	1,559	1,400
Year Five	983	913
Prior	1,919	2,170
Revolving Loans	52,489	47,092
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	70,713	65,519
Commercial | Special mention
Financing Receivable, Modifications
Year One	53	130
Year Two	253	108
Year Three	69	74
Year Four	57	60
Year Five	43	31
Prior	79	62
Revolving Loans	1,411	1,089
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	1,965	1,554
Commercial | Substandard
Financing Receivable, Modifications
Year One	231	225
Year Two	112	171
Year Three	303	51
Year Four	124	94
Year Five	41	77
Prior	256	147
Revolving Loans	2,013	2,430
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	3,080	3,195
Commercial | Doubtful
Financing Receivable, Modifications
Year One	14	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans	6	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	20	0
Commercial | Commercial and industrial loans
Financing Receivable, Modifications
Year One	3,220	4,322
Year Two	3,642	2,365
Year Three	1,412	1,246
Year Four	635	650
Year Five	366	430
Prior	803	872
Revolving Loans	46,359	41,774
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	56,437	51,659
Commercial | Commercial and industrial loans | Pass
Financing Receivable, Modifications
Year One	3,105	4,266
Year Two	3,508	2,291
Year Three	1,145	1,198
Year Four	567	552
Year Five	348	356
Prior	631	752
Revolving Loans	43,715	39,486
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	53,019	48,901
Commercial | Commercial and industrial loans | Special mention
Financing Receivable, Modifications
Year One	41	37
Year Two	48	22
Year Three	22	12
Year Four	40	29
Year Five	8	22
Prior	23	5
Revolving Loans	1,072	665
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	1,254	792
Commercial | Commercial and industrial loans | Substandard
Financing Receivable, Modifications
Year One	60	19
Year Two	86	52
Year Three	245	36
Year Four	28	69
Year Five	10	52
Prior	149	115
Revolving Loans	1,566	1,623
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	2,144	1,966
Commercial | Commercial and industrial loans | Doubtful
Financing Receivable, Modifications
Year One	14	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans	6	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	20	0
Commercial | Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
Year One	1,009	1,104
Year Two	929	873
Year Three	619	520
Year Four	378	325
Year Five	220	188
Prior	347	398
Revolving Loans	1,565	1,301
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	5,067	4,709
Commercial | Commercial mortgage owner-occupied loans | Pass
Financing Receivable, Modifications
Year One	976	1,082
Year Two	893	804
Year Three	571	471
Year Four	284	296
Year Five	192	183
Prior	304	331
Revolving Loans	1,414	1,141
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	4,634	4,308
Commercial | Commercial mortgage owner-occupied loans | Special mention
Financing Receivable, Modifications
Year One	12	0
Year Two	20	31
Year Three	15	46
Year Four	11	17
Year Five	13	2
Prior	5	40
Revolving Loans	52	69
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	128	205
Commercial | Commercial mortgage owner-occupied loans | Substandard
Financing Receivable, Modifications
Year One	21	22
Year Two	16	38
Year Three	33	3
Year Four	83	12
Year Five	15	3
Prior	38	27
Revolving Loans	99	91
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	305	196
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
Portfolio loans and leases, net	0	0
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Year One	1,019	884
Year Two	602	823
Year Three	566	610
Year Four	489	292
Year Five	244	157
Prior	240	314
Revolving Loans	2,720	2,527
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	5,880	5,607
Commercial | Commercial mortgage nonowner-occupied loans | Pass
Financing Receivable, Modifications
Year One	919	635
Year Two	440	733
Year Three	520	595
Year Four	485	284
Year Five	241	141
Prior	195	302
Revolving Loans	2,465	1,977
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	5,265	4,667
Commercial | Commercial mortgage nonowner-occupied loans | Special mention
Financing Receivable, Modifications
Year One	0	89
Year Two	161	12
Year Three	28	11
Year Four	0	5
Year Five	0	7
Prior	28	9
Revolving Loans	136	162
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	353	295
Commercial | Commercial mortgage nonowner-occupied loans | Substandard
Financing Receivable, Modifications
Year One	100	160
Year Two	1	78
Year Three	18	4
Year Four	4	3
Year Five	3	9
Prior	17	3
Revolving Loans	119	388
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	262	645
Commercial | Commercial mortgage nonowner-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
Portfolio loans and leases, net	0	0
Commercial | Commercial construction loans
Financing Receivable, Modifications
Year One	124	67
Year Two	28	108
Year Three	93	11
Year Four	9	37
Year Five	35	0
Prior	9	9
Revolving Loans	5,275	5,009
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	5,573	5,241
Commercial | Commercial construction loans | Pass
Financing Receivable, Modifications
Year One	75	50
Year Two	28	69
Year Three	93	11
Year Four	9	37
Year Five	35	0
Prior	7	9
Revolving Loans	4,895	4,488
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	5,142	4,664
Commercial | Commercial construction loans | Special mention
Financing Receivable, Modifications
Year One	0	0
Year Two	0	39
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans	151	193
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	151	232
Commercial | Commercial construction loans | Substandard
Financing Receivable, Modifications
Year One	49	17
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	2	0
Revolving Loans	229	328
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	280	345
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
Portfolio loans and leases, net	0	0
Commercial | Commercial leases
Financing Receivable, Modifications
Year One	445	1,030
Year Two	748	443
Year Three	342	297
Year Four	229	250
Year Five	202	246
Prior	855	786
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	2,821	3,052
Commercial | Commercial leases | Pass
Financing Receivable, Modifications
Year One	444	1,019
Year Two	715	436
Year Three	331	284
Year Four	214	231
Year Five	167	233
Prior	782	776
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	2,653	2,979
Commercial | Commercial leases | Special mention
Financing Receivable, Modifications
Year One	0	4
Year Two	24	4
Year Three	4	5
Year Four	6	9
Year Five	22	0
Prior	23	8
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	79	30
Commercial | Commercial leases | Substandard
Financing Receivable, Modifications
Year One	1	7
Year Two	9	3
Year Three	7	8
Year Four	9	10
Year Five	13	13
Prior	50	2
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	89	43
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
Portfolio loans and leases, net	$ 0	$ 0

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	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	$ 117,900	$ 110,158
Commercial
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	75,778	70,268
90 Days Past Due and Still Accruing	26	19
Commercial | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	75,555	70,132
Commercial | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	223	136
Commercial | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	172	81
Commercial | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	51	55
Commercial | Commercial and industrial loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	56,437	51,659
90 Days Past Due and Still Accruing	16	17
Loans and leases related to SBA Paycheck Protection Program of CARES Act	210	1,300
Commercial | Commercial and industrial loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	56,256	51,549
Commercial | Commercial and industrial loans | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	181	110
Commercial | Commercial and industrial loans | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	144	61
Loans and leases related to SBA Paycheck Protection Program of CARES Act	3	20
Commercial | Commercial and industrial loans | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	37	49
Loans and leases related to SBA Paycheck Protection Program of CARES Act	8	6
Commercial | Commercial mortgage owner-occupied loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,067	4,709
90 Days Past Due and Still Accruing	0	1
Commercial | Commercial mortgage owner-occupied loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,050	4,701
Commercial | Commercial mortgage owner-occupied loans | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	17	8
Commercial | Commercial mortgage owner-occupied loans | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	16	4
Commercial | Commercial mortgage owner-occupied loans | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	1	4
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,880	5,607
90 Days Past Due and Still Accruing	0	0
Commercial | Commercial mortgage nonowner-occupied loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,876	5,606
Commercial | Commercial mortgage nonowner-occupied loans | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	4	1
Commercial | Commercial mortgage nonowner-occupied loans | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	3	0
Commercial | Commercial mortgage nonowner-occupied loans | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	1	1
Commercial | Commercial construction loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,573	5,241
90 Days Past Due and Still Accruing	0	1
Commercial | Commercial construction loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,571	5,241
Commercial | Commercial construction loans | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	2	0
Commercial | Commercial construction loans | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	0	0
Commercial | Commercial construction loans | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	2	0
Commercial | Commercial leases
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	2,821	3,052
90 Days Past Due and Still Accruing	10	0
Commercial | Commercial leases | Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	2,802	3,035
Commercial | Commercial leases | Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	19	17
Commercial | Commercial leases | 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	9	16
Commercial | Commercial leases | 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	$ 10	$ 1

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		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Financing Receivable, Modifications
Total	[1],[2]	$ 119,999		$ 119,999		$ 112,050
Residential Mortgage
Financing Receivable, Modifications
Residential mortgage loans		125	$ 156	125	$ 156	154
Residential Mortgage | Federal Housing Administration Loan
Financing Receivable, Modifications
Losses due to claim denials and curtailments		0	$ 1	2	$ 2
Residential Mortgage | 30-89 days past due | Federal Housing Administration Loan
Financing Receivable, Modifications
Total		74		74		49
Residential Mortgage | 90 days or more past due
Financing Receivable, Modifications
Residential mortgage loans						2
Residential Mortgage | 90 days or more past due | Federal Housing Administration Loan
Financing Receivable, Modifications
Total		139		139		139
Residential Mortgage | Nonperforming
Financing Receivable, Modifications
Residential mortgage loans		2		2
Residential Mortgage | Residential mortgage loans
Financing Receivable, Modifications
Year One		2,837		2,837		5,887
Year Two		5,532		5,532		3,312
Year Three		3,047		3,047		1,300
Year Four		1,084		1,084		422
Year Five		365		365		966
Prior		4,610		4,610		4,356
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		17,475		17,475		16,243
Residential Mortgage | Residential mortgage loans | Performing
Financing Receivable, Modifications
Year One		2,837		2,837		5,887
Year Two		5,530		5,530		3,312
Year Three		3,044		3,044		1,299
Year Four		1,080		1,080		422
Year Five		359		359		964
Prior		4,512		4,512		4,326
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		17,362		17,362		16,210
Residential Mortgage | Residential mortgage loans | Performing | Current
Financing Receivable, Modifications
Year One		2,836		2,836		5,886
Year Two		5,528		5,528		3,309
Year Three		3,042		3,042		1,294
Year Four		1,079		1,079		418
Year Five		358		358		954
Prior		4,495		4,495		4,261
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		17,338		17,338		16,122
Residential Mortgage | Residential mortgage loans | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One		1		1		1
Year Two		1		1		1
Year Three		2		2		1
Year Four		1		1		1
Year Five		0		0		1
Prior		12		12		13
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		17		17		18
Residential Mortgage | Residential mortgage loans | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		1		1		2
Year Three		0		0		4
Year Four		0		0		3
Year Five		1		1		9
Prior		5		5		52
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		7		7		70
Residential Mortgage | Residential mortgage loans | Nonperforming
Financing Receivable, Modifications
Year One		0		0		0
Year Two		2		2		0
Year Three		3		3		1
Year Four		4		4		0
Year Five		6		6		2
Prior		98		98		30
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		113		113		33
Consumer | Home equity
Financing Receivable, Modifications
Year One		12		12		2
Year Two		2		2		6
Year Three		5		5		13
Year Four		9		9		18
Year Five		13		13		2
Prior		104		104		126
Revolving Loans		3,839		3,839		3,904
Revolving Loans Converted to Term Loans		16		16		13
Total		4,000		4,000		4,084
Consumer | Home equity | Performing
Financing Receivable, Modifications
Year One		12		12		2
Year Two		2		2		6
Year Three		5		5		13
Year Four		9		9		18
Year Five		13		13		2
Prior		96		96		117
Revolving Loans		3,780		3,780		3,837
Revolving Loans Converted to Term Loans		15		15		12
Total		3,932		3,932		4,007
Consumer | Home equity | Performing | Current
Financing Receivable, Modifications
Year One		12		12		2
Year Two		2		2		6
Year Three		5		5		13
Year Four		9		9		18
Year Five		13		13		2
Prior		93		93		113
Revolving Loans		3,760		3,760		3,815
Revolving Loans Converted to Term Loans		15		15		12
Total		3,909		3,909		3,981
Consumer | Home equity | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		2		2		3
Revolving Loans		20		20		22
Revolving Loans Converted to Term Loans		0		0		0
Total		22		22		25
Consumer | Home equity | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		1		1		1
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		1		1		1
Consumer | Home equity | Nonperforming
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		8		8		9
Revolving Loans		59		59		67
Revolving Loans Converted to Term Loans		1		1		1
Total		68		68		77
Consumer | Indirect secured consumer loans
Financing Receivable, Modifications
Year One		4,963		4,963		8,760
Year Two		6,466		6,466		4,244
Year Three		2,951		2,951		2,253
Year Four		1,437		1,437		926
Year Five		523		523		401
Prior		306		306		199
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		16,646		16,646		16,783
Consumer | Indirect secured consumer loans | Performing
Financing Receivable, Modifications
Year One		4,963		4,963		8,760
Year Two		6,465		6,465		4,232
Year Three		2,945		2,945		2,248
Year Four		1,434		1,434		921
Year Five		520		520		398
Prior		304		304		197
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		16,631		16,631		16,756
Consumer | Indirect secured consumer loans | Performing | Current
Financing Receivable, Modifications
Year One		4,944		4,944		8,732
Year Two		6,430		6,430		4,206
Year Three		2,920		2,920		2,221
Year Four		1,413		1,413		902
Year Five		508		508		389
Prior		298		298		194
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		16,513		16,513		16,644
Consumer | Indirect secured consumer loans | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One		18		18		26
Year Two		32		32		24
Year Three		23		23		25
Year Four		19		19		17
Year Five		11		11		8
Prior		5		5		3
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		108		108		103
Consumer | Indirect secured consumer loans | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One		1		1		2
Year Two		3		3		2
Year Three		2		2		2
Year Four		2		2		2
Year Five		1		1		1
Prior		1		1		0
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		10		10		9
Consumer | Indirect secured consumer loans | Nonperforming
Financing Receivable, Modifications
Year One		0		0		0
Year Two		1		1		12
Year Three		6		6		5
Year Four		3		3		5
Year Five		3		3		3
Prior		2		2		2
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		15		15		27
Consumer | Credit card
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		1,770		1,770		1,766
Revolving Loans Converted to Term Loans		0		0		0
Total		1,770		1,770		1,766
Consumer | Credit card | Performing
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		1,747		1,747		1,743
Revolving Loans Converted to Term Loans		0		0		0
Total		1,747		1,747		1,743
Consumer | Credit card | Performing | Current
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		1,715		1,715		1,710
Revolving Loans Converted to Term Loans		0		0		0
Total		1,715		1,715		1,710
Consumer | Credit card | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		18		18		18
Revolving Loans Converted to Term Loans		0		0		0
Total		18		18		18
Consumer | Credit card | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		14		14		15
Revolving Loans Converted to Term Loans		0		0		0
Total		14		14		15
Consumer | Credit card | Nonperforming
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		23		23		23
Revolving Loans Converted to Term Loans		0		0		0
Total		23		23		23
Consumer | Other consumer loans
Financing Receivable, Modifications
Year One		1,729		1,729		695
Year Two		613		613		532
Year Three		394		394		279
Year Four		193		193		176
Year Five		127		127		106
Prior		163		163		47
Revolving Loans		962		962		916
Revolving Loans Converted to Term Loans		24		24		1
Total		4,205		4,205		2,752
Consumer | Other consumer loans | Performing
Financing Receivable, Modifications
Year One		1,728		1,728		695
Year Two		612		612		532
Year Three		394		394		279
Year Four		193		193		176
Year Five		127		127		106
Prior		162		162		47
Revolving Loans		962		962		915
Revolving Loans Converted to Term Loans		24		24		1
Total		4,202		4,202		2,751
Consumer | Other consumer loans | Performing | Current
Financing Receivable, Modifications
Year One		1,723		1,723		692
Year Two		607		607		530
Year Three		391		391		275
Year Four		191		191		174
Year Five		125		125		105
Prior		160		160		47
Revolving Loans		957		957		913
Revolving Loans Converted to Term Loans		24		24		0
Total		4,178		4,178		2,736
Consumer | Other consumer loans | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One		5		5		3
Year Two		5		5		2
Year Three		3		3		3
Year Four		2		2		2
Year Five		2		2		1
Prior		2		2		0
Revolving Loans		4		4		2
Revolving Loans Converted to Term Loans		0		0		1
Total		23		23		14
Consumer | Other consumer loans | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		1
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		1		1		0
Revolving Loans Converted to Term Loans		0		0		0
Total		1		1		1
Consumer | Other consumer loans | Nonperforming
Financing Receivable, Modifications
Year One		1		1		0
Year Two		1		1		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		1		1		0
Revolving Loans		0		0		1
Revolving Loans Converted to Term Loans		0		0		0
Total		3		3		1
Residential Mortgage and Consumer
Financing Receivable, Modifications
Year One		9,541		9,541		15,344
Year Two		12,613		12,613		8,094
Year Three		6,397		6,397		3,845
Year Four		2,723		2,723		1,542
Year Five		1,028		1,028		1,475
Prior		5,183		5,183		4,728
Revolving Loans		6,571		6,571		6,586
Revolving Loans Converted to Term Loans		40		40		14
Total		44,096		44,096		41,628
Residential Mortgage and Consumer | Performing
Financing Receivable, Modifications
Year One		9,540		9,540		15,344
Year Two		12,609		12,609		8,082
Year Three		6,388		6,388		3,839
Year Four		2,716		2,716		1,537
Year Five		1,019		1,019		1,470
Prior		5,074		5,074		4,687
Revolving Loans		6,489		6,489		6,495
Revolving Loans Converted to Term Loans		39		39		13
Total		43,874		43,874		41,467
Residential Mortgage and Consumer | Performing | Current
Financing Receivable, Modifications
Year One		9,515		9,515		15,312
Year Two		12,567		12,567		8,051
Year Three		6,358		6,358		3,803
Year Four		2,692		2,692		1,512
Year Five		1,004		1,004		1,450
Prior		5,046		5,046		4,615
Revolving Loans		6,432		6,432		6,438
Revolving Loans Converted to Term Loans		39		39		12
Total		43,653		43,653		41,193
Residential Mortgage and Consumer | Performing | 30-89 days past due
Financing Receivable, Modifications
Year One		24		24		30
Year Two		38		38		27
Year Three		28		28		29
Year Four		22		22		20
Year Five		13		13		10
Prior		21		21		19
Revolving Loans		42		42		42
Revolving Loans Converted to Term Loans		0		0		1
Total		188		188		178
Residential Mortgage and Consumer | Performing | 90 days or more past due
Financing Receivable, Modifications
Year One		1		1		2
Year Two		4		4		4
Year Three		2		2		7
Year Four		2		2		5
Year Five		2		2		10
Prior		7		7		53
Revolving Loans		15		15		15
Revolving Loans Converted to Term Loans		0		0		0
Total		33		33		96
Residential Mortgage and Consumer | Nonperforming
Financing Receivable, Modifications
Year One		1		1		0
Year Two		4		4		12
Year Three		9		9		6
Year Four		7		7		5
Year Five		9		9		5
Prior		109		109		41
Revolving Loans		82		82		91
Revolving Loans Converted to Term Loans		1		1		1
Total		$ 222		$ 222		$ 161
[1]Includes $125 and $154 of residential mortgage loans measured at fair value at September 30, 2022 and December 31, 2021, respectively.[2]Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

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	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Impaired
Total portfolio loans and leases	$ 683	$ 705
Commercial
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	561	579
Commercial | Commercial and industrial loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	469	467
Commercial | Commercial mortgage owner-occupied loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	12	22
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	29	31
Commercial | Commercial construction loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	50	56
Commercial | Commercial leases
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	1	3
Residential Mortgage
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	60	60
Consumer
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	62	66
Consumer | Home equity
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	55	58
Consumer | Indirect secured consumer loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	$ 7	$ 8

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		Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Modifications
With an ALLL		$ 337	$ 304
No Related ALLL		209	223
Total		546	527
Loans and leases held for sale	[1]	1,940	4,415
Total portfolio loans and leases	[2],[3]	119,999	112,050
Nonperforming
Financing Receivable, Modifications
Loans and leases held for sale		0	15
Nonperforming | Government Insured
Financing Receivable, Modifications
Total portfolio loans and leases		14	26
Restructured nonaccrual loans and leases		8	11
Commercial
Financing Receivable, Modifications
With an ALLL		180	192
No Related ALLL		118	145
Total		298	337
Commercial | Commercial and industrial loans
Financing Receivable, Modifications
With an ALLL		151	151
No Related ALLL		103	128
Total		254	279
Loans and leases held for sale		68	7
Commercial | Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
With an ALLL		8	10
No Related ALLL		8	13
Total		16	23
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
With an ALLL		21	22
No Related ALLL		3	3
Total		24	25
Commercial | Commercial construction loans
Financing Receivable, Modifications
With an ALLL		0	6
No Related ALLL		2	0
Total		2	6
Commercial | Commercial leases
Financing Receivable, Modifications
With an ALLL		0	3
No Related ALLL		2	1
Total		2	4
Loans and leases held for sale		1	1
Residential Mortgage
Financing Receivable, Modifications
With an ALLL		70	14
No Related ALLL		45	19
Total		115	33
Consumer
Financing Receivable, Modifications
With an ALLL		87	98
No Related ALLL		22	30
Total		109	128
Consumer | Home equity
Financing Receivable, Modifications
With an ALLL		49	53
No Related ALLL		19	24
Total		68	77
Total portfolio loans and leases		4,000	4,084
Consumer | Home equity | Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		68	77
Consumer | Indirect secured consumer loans
Financing Receivable, Modifications
With an ALLL		12	21
No Related ALLL		3	6
Total		15	27
Total portfolio loans and leases		16,646	16,783
Consumer | Indirect secured consumer loans | Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		15	27
Consumer | Credit card
Financing Receivable, Modifications
With an ALLL		23	23
No Related ALLL		0	0
Total		23	23
Total portfolio loans and leases		1,770	1,766
Consumer | Credit card | Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		23	23
Consumer | Other consumer loans
Financing Receivable, Modifications
With an ALLL		3	1
No Related ALLL		0	0
Total		3	1
Total portfolio loans and leases		4,205	2,752
Consumer | Other consumer loans | Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		3	1
Nonaccrual Portfolio Loans and Leases
Financing Receivable, Modifications
With an ALLL		337	304
No Related ALLL		185	194
Total		522	498
OREO and Other Repossessed Assets
Financing Receivable, Modifications
With an ALLL		0	0
No Related ALLL		24	29
Total		$ 24	$ 29
[1]Includes $1,107 and $1,023 of residential mortgage loans held for sale measured at fair value at September 30, 2022 and December 31, 2021, respectively.[2]Includes $125 and $154 of residential mortgage loans measured at fair value at September 30, 2022 and December 31, 2021, respectively.[3]Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Credit Quality and the Allow_10

Credit Quality and the Allowance for Loan and Lease Losses - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Mortgage loans in process of foreclosure amount	$ 167	$ 84
Line of credit commitments for modified troubled debt restructurings	122	121
Letter of credit commitments for modified troubled debt restructurings	$ 66	$ 66

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		9 Months Ended
	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 USD ($) loan	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 USD ($) loan
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan	2,093	2,400	7,381	8,190
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 77	$ 67	$ 451	$ 262
Increase (Decrease) to ALLL Upon Modification	2	1	22	8
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	19	29	69	55
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 31	$ 23	$ 196	$ 54
Increase (Decrease) to ALLL Upon Modification	0	(1)	13	0
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	2	3	8	4
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 1	$ 1	$ 5	$ 6
Increase (Decrease) to ALLL Upon Modification	0	0	(1)	0
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan		1	3	4
Amortized Cost Basis of Loans Modified in a TDR During the Period		$ 0	$ 23	$ 26
Increase (Decrease) to ALLL Upon Modification		0	0	0
Charge-offs Recognized Upon Modification		$ 0	$ 0	$ 0
Commercial | Commercial construction loans
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan			2
Amortized Cost Basis of Loans Modified in a TDR During the Period			$ 4
Increase (Decrease) to ALLL Upon Modification			(3)
Charge-offs Recognized Upon Modification			$ 0
Residential Mortgage
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period | loan	190	98	928	400
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 28	$ 15	$ 143	$ 74
Increase (Decrease) to ALLL Upon Modification	0	1	7	3
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	54	54	178	151
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 3	$ 3	$ 13	$ 8
Increase (Decrease) to ALLL Upon Modification	(1)	(1)	(3)	(2)
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	448	1,045	2,499	3,238
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 7	$ 19	$ 48	$ 70
Increase (Decrease) to ALLL Upon Modification	0	0	1	1
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	1,380	1,170	3,694	4,338
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 7	$ 6	$ 19	$ 24
Increase (Decrease) to ALLL Upon Modification	3	2	8	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		9 Months Ended
	Sep. 30, 2022 USD ($) contract	Sep. 30, 2021 USD ($) contract	Sep. 30, 2022 USD ($) contract	Sep. 30, 2021 USD ($) contract
Financing Receivable, Modifications
Number of Contracts | contract	203	138	563	300
Amortized Cost | $	$ 11	$ 2	$ 29	$ 38
Commercial | Commercial and industrial loans
Financing Receivable, Modifications
Number of Contracts | contract	1	4	8	5
Amortized Cost | $	$ 0	$ 1	$ 0	$ 1
Commercial | Commercial construction loans
Financing Receivable, Modifications
Number of Contracts | contract			1
Amortized Cost | $			$ 2
Commercial | Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
Number of Contracts | contract		2		2
Amortized Cost | $		$ 0		$ 0
Commercial | Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Number of Contracts | contract		1		2
Amortized Cost | $		$ 0		$ 25
Residential Mortgage
Financing Receivable, Modifications
Number of Contracts | contract	70	10	176	61
Amortized Cost | $	$ 11	$ 1	$ 24	$ 8
Consumer | Home equity
Financing Receivable, Modifications
Number of Contracts | contract	6	5	21	22
Amortized Cost | $	$ 0	$ 0	$ 1	$ 1
Consumer | Indirect secured consumer loans
Financing Receivable, Modifications
Number of Contracts | contract	43	31	102	89
Amortized Cost | $	$ 0	$ 0	$ 1	$ 2
Consumer | Credit card
Financing Receivable, Modifications
Number of Contracts | contract	83	85	255	119
Amortized Cost | $	$ 0	$ 0	$ 1	$ 1

Bank Premises and Equipment - S

Bank Premises and Equipment - Summary of Bank Premises and Equipment (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization		$ (3,318)	$ (3,210)
Total bank premises and equipment	[1]	2,155	2,120
Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross		2,468	2,392
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross		1,680	1,668
Land and and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross		646	645
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross		537	517
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross		118	84
Land and improvements held for sale
Property, Plant and Equipment [Line Items]
Property and equipment, gross		18	18
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross		6	6
Other property
Property, Plant and Equipment [Line Items]
Land improvements		$ 28	$ 39
[1]Includes $24 of bank premises and equipment held for sale at both September 30, 2022 and December 31, 2021.

Bank Premises and Equipment - A

Bank Premises and Equipment - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) branch	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) branch	Sep. 30, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Impairment losses on bank premises | $	$ 1	$ 3	$ 2	$ 7
Closed in 2022
Property, Plant and Equipment [Line Items]
Number of branches held for sale | branch	41		41

Operating Lease Equipment - Add

Operating Lease Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Leases [Abstract]
Operating lease equipment	$ 612		$ 612		$ 616
Accumulated depreciation	326		326		$ 304
Operating lease income	36	$ 38	108	$ 116
Depreciation expense	30	31	89	95
Operating lease payments received			109	118
Impairment losses of operating lease equipment	$ 0	$ 0	$ 2	$ 25

Operating Lease Equipment - Fut

Operating Lease Equipment - Future Lease Payments Receivable (Details) $ in Millions	Sep. 30, 2022 USD ($)
Leases [Abstract]
Remainder of 2022	$ 36
2023	129
2024	95
2025	68
2026	44
2027	20
Thereafter	20
Total operating lease payments	$ 412

Lease Obligations - Lessee - Le

Lease Obligations - Lessee - Lease Assets and Lease Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right-of-use assets	$ 479	$ 427
Operating lease right-of-use assets [Extensible List]	Other assets	Other assets
Finance lease right-of-use assets	$ 158	$ 145
Finance lease, right-of-use assets [Extensible List]	Bank premises and equipment	Bank premises and equipment
Total right-of-use assets	$ 637	$ 572
Operating lease liabilities	$ 568	$ 520
Operating lease liabilities [Extensible List]	Accrued Liabilities [Member]	Accrued Liabilities [Member]
Finance lease liabilities	$ 163	$ 149
Finance lease liabilities [Extensible List]	Long-term debt	Long-term debt
Total lease liabilities	$ 731	$ 669
Operating lease right of use asset, accumulated amortization	239	198
Finance lease right of use asset, accumulated amortization	$ 61	$ 47

Lease Obligations - Lessee - _2

Lease Obligations - Lessee - Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Amortization of ROU assets	$ 5	$ 5	$ 14	$ 14
Interest on lease liabilities	1	1	4	3
Total finance lease costs	6	6	18	17
Operating lease cost	21	20	62	59
Short-term lease cost	0	0	1	1
Variable lease cost	8	8	21	24
Sublease income	(1)	(1)	(2)	(2)
Total operating lease costs	28	27	82	82
Total lease costs	34	33	100	99
Impairment losses and termination charges	$ 0	$ 1	$ 2	$ 3

Lease Obligations - Lessee - Un

Lease Obligations - Lessee - Undiscounted Cash Flows (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Operating Leases
Remainder of 2022	$ 23
2023	87
2024	80
2025	73
2026	64
2027	56
Thereafter	287
Total undiscounted cash flows	670
Less: Difference between undiscounted cash flows and discounted cash flows	102
Present value of lease liabilities	568	$ 520
Finance Leases
Remainder of 2022	6
2023	21
2024	21
2025	14
2026	9
2027	8
Thereafter	131
Total undiscounted cash flows	210
Less: Difference between undiscounted cash flows and discounted cash flows	47
Present value of lease liabilities	163	$ 149
Total
Remainder of 2022	29
2023	108
2024	101
2025	87
2026	73
2027	64
Thereafter	418
Total undiscounted cash flows	880
Less: Difference between undiscounted cash flows and discounted cash flows	149
Present value of lease liabilities	$ 731

Lease Obligations - Lessee - Ot

Lease Obligations - Lessee - Other Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Leases [Abstract]
Operating leases, weighted average remaining lease term	10 years 1 month 20 days		8 years 11 months 1 day
Finance leases, weighted average remaining lease term	15 years 4 months 9 days		14 years 8 months 12 days
Operating leases, weighted average discount rate	3.02%		2.88%
Finance leases, weighted average discount rate	2.90%		2.74%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 67	$ 66
Operating cash flows from finance leases	4	3
Financing cash flows from finance leases	13	12
Gains on sale-leaseback transactions	$ 4	$ 2

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill
Goodwill			$ 5,223
Accumulated impairment losses			(965)
Goodwill [Roll Forward]
Net carrying value, beginning of period	$ 4,514	$ 4,258
Acquisition activity	450	256
Reallocation of goodwill	0
Sale of businesses	(39)
Net carrying value, end of period	4,925	4,514
Operating Segments | Commercial Banking
Goodwill
Goodwill			2,730
Accumulated impairment losses			(750)
Goodwill [Roll Forward]
Net carrying value, beginning of period	1,980	1,980
Acquisition activity	0	0
Reallocation of goodwill	378
Sale of businesses	(34)
Net carrying value, end of period	2,324	1,980
Operating Segments | Consumer and Small Business Banking
Goodwill
Goodwill			2,262
Accumulated impairment losses			(215)
Goodwill [Roll Forward]
Net carrying value, beginning of period	2,303	2,047
Acquisition activity	450	256
Reallocation of goodwill	(378)
Sale of businesses	0
Net carrying value, end of period	2,375	2,303
Operating Segments | Wealth and Asset Management
Goodwill
Goodwill			231
Accumulated impairment losses			0
Goodwill [Roll Forward]
Net carrying value, beginning of period	231	231
Acquisition activity	0	0
Reallocation of goodwill	0
Sale of businesses	(5)
Net carrying value, end of period	226	231
General Corporate and Other
Goodwill
Goodwill			0
Accumulated impairment losses			$ 0
Goodwill [Roll Forward]
Net carrying value, beginning of period	0	0
Acquisition activity	0	0
Reallocation of goodwill	0
Sale of businesses	0
Net carrying value, end of period	$ 0	$ 0

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Finite-Lived Intangible Assets
Amortization expense	$ 13		$ 12	$ 36	$ 34
Developed technology
Finite-Lived Intangible Assets
Intangible assets acquired		$ 44
Estimated remaining useful life		5 years
Customer relationships
Finite-Lived Intangible Assets
Intangible assets acquired		$ 12
Estimated remaining useful life		12 years
Trade Names
Finite-Lived Intangible Assets
Intangible assets acquired		$ 7
Estimated remaining useful life		5 years
Backlog
Finite-Lived Intangible Assets
Intangible assets acquired		$ 3
Estimated remaining useful life		5 years

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 387	$ 331
Accumulated Amortization	(206)	(175)
Net Carrying Amount	181	156
Core deposit intangibles
Finite-Lived Intangible Assets
Gross Carrying Amount	229	229
Accumulated Amortization	(175)	(153)
Net Carrying Amount	54	76
Developed technology
Finite-Lived Intangible Assets
Gross Carrying Amount	106	62
Accumulated Amortization	(12)	(3)
Net Carrying Amount	94	59
Customer relationships
Finite-Lived Intangible Assets
Gross Carrying Amount	30	25
Accumulated Amortization	(7)	(7)
Net Carrying Amount	23	18
Operating leases
Finite-Lived Intangible Assets
Gross Carrying Amount	8	11
Accumulated Amortization	(7)	(9)
Net Carrying Amount	1	2
Other
Finite-Lived Intangible Assets
Gross Carrying Amount	14	4
Accumulated Amortization	(5)	(3)
Net Carrying Amount	$ 9	$ 1

Intangible Assets - Estimated A

Intangible Assets - Estimated Amortization Expense (Details) $ in Millions	Sep. 30, 2022 USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Remainder of 2022	$ 12
2023	43
2024	35
2025	28
2026	$ 22

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		Sep. 30, 2022		Jun. 30, 2022	Dec. 31, 2021		Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Assets
Other short-term Investments	[1]	$ 6,594			$ 34,572
ALLL		(2,099)	[1]	$ (2,014)	(1,892)	[1]	$ (1,954)	$ (2,033)	$ (2,453)
Other assets	[1]	14,333			11,444
Total Assets		205,463			211,116
Liabilities
Other liabilities	[1]	7,184			4,267
Long-term debt	[1]	11,712			11,821
Total Liabilities		188,727			188,906
Variable Interest Entity, Primary Beneficiary | Automobile And Solar Loan
Assets
Other short-term Investments		19			24
Indirect secured consumer loans		177			322
Other consumer loans		46			0
ALLL		(3)			(2)
Other assets		2			2
Total Assets		241			346
Liabilities
Other liabilities		9			1
Long-term debt		156			263
Total Liabilities		$ 165			$ 264
[1]Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Variable Interest Entities - As

Variable Interest Entities - Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity
Total Assets	$ 205,463	$ 211,116
Total Liabilities	188,727	188,906
Variable Interest Entity, Not Primary Beneficiary | CDC investments
Variable Interest Entity
Total Assets	1,759	1,705
Total Liabilities	614	580
Maximum Exposure	1,759	1,705
Variable Interest Entity, Not Primary Beneficiary | Private equity investments
Variable Interest Entity
Total Assets	177	133
Total Liabilities	0	0
Maximum Exposure	340	257
Variable Interest Entity, Not Primary Beneficiary | Loans provided to VIEs
Variable Interest Entity
Total Assets	4,244	3,386
Total Liabilities	0	0
Maximum Exposure	6,118	4,873
Variable Interest Entity, Not Primary Beneficiary | Lease pool entities
Variable Interest Entity
Total Assets	63	68
Total Liabilities	0	0
Maximum Exposure	63	$ 68
Variable Interest Entity, Not Primary Beneficiary | Solar loan securitizations
Variable Interest Entity
Total Assets	10
Total Liabilities	0
Maximum Exposure	$ 10

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($) investment	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) investment	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Variable Interest Entity
Assets	$ 205,463		$ 205,463		$ 211,116
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%		50%
Variable Interest Entity, Not Primary Beneficiary | Loans provided to VIEs
Variable Interest Entity
Unfunded commitment amounts			$ 1,900		1,500
Variable Interest Entity, Not Primary Beneficiary | CDC investments
Variable Interest Entity
Assets	$ 1,759		1,759		1,705
Variable Interest Entity, Not Primary Beneficiary | CDC investments | Qualified Affordable Housing Tax Credits
Variable Interest Entity
Assets	1,500		1,500		1,400
Unfunded commitments in qualifying LIHTC investments	607		$ 607		573
Variable Interest Entity, Not Primary Beneficiary | CDC investments | Qualified Affordable Housing Tax Credits | Lower limit
Variable Interest Entity
Unfunded commitments, year expected to be funded			2022
Variable Interest Entity, Not Primary Beneficiary | CDC investments | Qualified Affordable Housing Tax Credits | Upper limit
Variable Interest Entity
Unfunded commitments, year expected to be funded			2039
Variable Interest Entity, Not Primary Beneficiary | Private equity investments
Variable Interest Entity
Assets	177		$ 177		133
Unfunded commitment amounts			163		$ 124
Capital contribution to private equity investments	$ 7	$ 4	$ 28	$ 12

Variable Interest Entities - In

Variable Interest Entities - Investments in Qualified Affordable Housing Tax Credits (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
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	53	38	130	125
Tax credits and other benefits	$ (58)	$ (47)	$ (149)	$ (148)

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Transfers and Servicing [Abstract]
Residential mortgage loan sales	$ 3,943	$ 4,722	$ 10,445	$ 12,348
Origination fees and gains on loan sales	24	78	73	248
Gross mortgage servicing fees	$ 81	$ 63	$ 230	$ 181

Sales of Receivables and Serv_4

Sales of Receivables and Servicing Rights - Changes in the Servicing Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance, beginning of period			$ 1,121	$ 656
Servicing rights originated			186	172
Servicing rights purchased			208	210
Changes in fair value: Due to changes in inputs or assumptions	$ 83	$ 20	358	123
Changes in fair value: Other changes in fair value			(141)	(218)
Balance, end of period	$ 1,732	$ 943	$ 1,732	$ 943

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Transfers and Servicing of Financial Assets [Abstract]
Securities losses, net – non-qualifying hedges on mortgage servicing rights	$ (1)	$ 0	$ (2)	$ (2)
Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio	(84)	(11)	(368)	(99)
MSR fair value adjustments due to changes in inputs or assumptions	$ 83	$ 20	$ 358	$ 123

Sales of Receivables and Serv_6

Sales of Receivables and Servicing Rights - Servicing Rights and Residual Interests Economic Assumptions (Details)	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Fixed-rate
Schedule of Servicing Assets at Amortized Value
Weighted- Average Life (in years)	6 years 10 months 24 days	6 years 6 months
Prepayment Speed (annual) (as a percent)	11.30%	10.80%
OAS (bps)	7.60%	7.77%
Adjustable-rate
Schedule of Servicing Assets at Amortized Value
Weighted- Average Life (in years)	2 years 2 months 12 days	2 years 9 months 18 days
Prepayment Speed (annual) (as a percent)	35.10%	28.10%
OAS (bps)	8.03%	6.27%

Sales of Receivables and Serv_7

Sales of Receivables and Servicing Rights - Additional Information (Details) - USD ($) $ in Billions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Transfers and Servicing [Abstract]
Servicing of residential mortgage loans for other investors	$ 102.7	$ 89.2
Weighted-average coupon of the MSR portfolio (as a percent)	3.53%	3.45%

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	9 Months Ended
	Sep. 30, 2022 USD ($)
Fixed-rate
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	$ 1,726
Weighted- Average Life (in years)	9 years 1 month 6 days
Prepayment Speed Assumption, Rate (as a percent)	5.20%
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 10%	$ (37)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 20%	(71)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 50%	$ (160)
OAS Speed Assumption, OAS (bps)	7.23%
OAS Spread Assumption, Impact of Adverse Change on Fair Value 10%	$ (50)
OAS Spread Assumption, Impact of Adverse Change on Fair Value 20%	(98)
Adjustable-rate
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)	5 years 1 month 6 days
Prepayment Speed Assumption, Rate (as a percent)	20.30%
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 10%	$ (1)
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)	12.04%
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 ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Derivative
Amount of variation margin payment applied to derivative asset contracts	$ 1,200		$ 1,200		$ 771
Valuation adjustments related to the credit risk associated with counterparties of customer accommodation derivative contracts	9		9		20
Collateral for derivative liabilities	2,558		2,558		464
Amount of variation margin payment applied to derivative liability contracts	1,200		1,200		570
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	3,653		3,653		3,780
Interest rate contracts | Credit Risk
Derivative
Fair value of risk participation agreements	8		$ 8		8
Weighted-average remaining life			3 years 3 months 18 days
Cash Flow Hedging | Interest rate contracts
Derivative
Maximum length of time of hedging exposure			111 months
Deferred gain (loss), net of tax, on cash flow hedges recorded in accumulated other comprehensive income	(596)		$ (596)		353
Net deferred gain (loss), net of tax, recorded in AOCI are expected to be reclassified into earnings	(181)		(181)
Total collateral
Derivative
Collateral held for derivative assets	1,400		1,400		1,100
Collateral for derivative liabilities	$ 1,300		$ 1,300		$ 1,300

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	Sep. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value
Derivative Assets	$ 4,339	$ 2,908
Derivative Liabilities	5,152	2,013
Amount of variation margin payment applied to derivative asset contracts	1,200	771
Amount of variation margin payment applied to derivative liability contracts	1,200	570
Designated as Hedging Instrument | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges
Derivatives, Fair Value
Derivative Assets	118	522
Derivative Liabilities	324	3
Designated as Hedging Instrument | Fair Value Hedging | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges
Derivatives, Fair Value
Derivative Assets	110	400
Derivative Liabilities	212	2
Designated as Hedging Instrument | Fair Value Hedging | Interest rate swap | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Available-for-sale debt and other securities
Derivatives, Fair Value
Notional Amount		445
Derivative Assets		7
Derivative Liabilities		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	3,955	1,955
Derivative Assets	110	393
Derivative Liabilities	212	2
Designated as Hedging Instrument | Cash Flow Hedging | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges
Derivatives, Fair Value
Derivative Assets	8	122
Derivative Liabilities	112	1
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	0
Derivative Liabilities	97	1
Designated as Hedging Instrument | Cash Flow Hedging | Interest rate swap | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Commercial mortgage and commercial construction
Derivatives, Fair Value
Notional Amount	4,000	4,000
Derivative Assets	0	0
Derivative Liabilities	15	0
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	5	122
Derivative Liabilities	0	0
Designated as Hedging Instrument | Cash Flow Hedging | Forward starting interest rate swap | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Commercial and industrial
Derivatives, Fair Value
Notional Amount	11,000
Derivative Assets	3
Derivative Liabilities	0
Designated as Hedging Instrument | Cash Flow Hedging | Forward starting interest rate swap | Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Commercial mortgage and commercial construction
Derivatives, Fair Value
Notional Amount	1,000
Derivative Assets	0
Derivative Liabilities	0
Not Designated as Hedging Instrument
Derivatives, Fair Value
Derivative Assets	4,221	2,386
Derivative Liabilities	4,828	2,010
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes
Derivatives, Fair Value
Derivative Assets	153	147
Derivative Liabilities	210	221
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Interest rate contracts related to MSR portfolio
Derivatives, Fair Value
Notional Amount	2,975	6,260
Derivative Assets	66	140
Derivative Liabilities	24	0
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	2,418	1,952
Derivative Assets	68	2
Derivative Liabilities	7	2
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Swap
Derivatives, Fair Value
Notional Amount	2,884	3,545
Derivative Assets	0	0
Derivative Liabilities	174	214
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Foreign exchange contracts
Derivatives, Fair Value
Notional Amount	178	158
Derivative Assets	8	0
Derivative Liabilities	0	1
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Interest-only strips
Derivatives, Fair Value
Notional Amount	58
Derivative Assets	5
Derivative Liabilities	0
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	6	5
Derivative Liabilities	5	4
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	4,068	2,239
Derivative Liabilities	4,618	1,789
Not Designated as Hedging Instrument | Customer Accommodation | Foreign exchange contracts
Derivatives, Fair Value
Notional Amount	26,179	23,148
Derivative Assets	745	323
Derivative Liabilities	705	297
Not Designated as Hedging Instrument | Customer Accommodation | Interest rate contracts
Derivatives, Fair Value
Notional Amount	77,980	76,061
Derivative Assets	953	578
Derivative Liabilities	1,726	232
Amount of variation margin payment applied to derivative asset contracts	813	104
Amount of variation margin payment applied to derivative liability contracts	49	472
Not Designated as Hedging Instrument | Customer Accommodation | Interest rate lock commitments
Derivatives, Fair Value
Notional Amount	634	673
Derivative Assets	3	12
Derivative Liabilities	6	0
Not Designated as Hedging Instrument | Customer Accommodation | Commodity contracts
Derivatives, Fair Value
Notional Amount	15,366	12,376
Derivative Assets	2,367	1,326
Derivative Liabilities	2,181	1,260
Not Designated as Hedging Instrument | Customer Accommodation | TBA securities
Derivatives, Fair Value
Notional Amount	50	55
Derivative Assets	0	0
Derivative Liabilities	$ 0	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Long-term debt
Derivatives, Fair Value
Carrying amount of the hedged items	$ 3,838		$ 3,838		$ 2,339
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items	(97)		(97)		396
Available-for-sale debt and other securities
Derivatives, Fair Value
Carrying amount of the hedged items	0		0		465
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items	0		0		(8)
Cumulative amount of fair value hedging adjustments remaining for hedged items for which hedge accounting has been discontinued	(14)		(14)		$ 0
Interest rate contracts | Interest on long-term debt
Derivatives, Fair Value
Change in fair value of interest rate swaps hedging financial instrument	(230)	$ (25)	(493)	$ (124)
Change in fair value of hedged financial instrument attributable to the risk being hedged	230	25	493	124
Interest rate contracts | Interest on securities
Derivatives, Fair Value
Change in fair value of interest rate swaps hedging financial instrument	0	9	8	9
Change in fair value of hedged financial instrument attributable to the risk being hedged	$ 0	$ (9)	$ (8)	$ (9)

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pre-tax net (losses) gains recognized in OCI	$ (688)	$ 3	$ (1,092)	$ (67)
Amount of pre-tax net gains reclassified from OCI into net income	$ 4	$ 74	$ 140	$ 219

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ (84)	$ (11)	$ (368)	$ (99)
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	59	23	61	32
Interest rate contracts | Mortgage banking net revenue | MSR portfolio
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(84)	(11)	(368)	(99)
Foreign exchange contracts | Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	11	3	14	(3)
Equity contracts | Other noninterest income | Swap
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ (17)	$ (17)	$ (46)	$ (67)

Derivative Financial Instrume_8

Derivative Financial Instruments - Risk Ratings of the Notional Amount of Risk Participation Agreements (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value
Notional amount of the risk participations agreements	$ 3,653	$ 3,780
Pass
Derivatives, Fair Value
Notional amount of the risk participations agreements	3,524	3,733
Special mention
Derivatives, Fair Value
Notional amount of the risk participations agreements	95	13
Substandard
Derivatives, Fair Value
Notional amount of the risk participations agreements	$ 34	$ 34

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ (84)	$ (11)	$ (368)	$ (99)
Interest rate contracts | Contract revenue | Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	12	8	37	27
Interest rate contracts | Credit portion of fair value adjustment | Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	2	2	11	19
Interest rate contracts | Interest rate lock commitments | Mortgage banking net revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(6)	44	5	132
Commodity contracts | Contract revenue | Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	11	6	30	17
Commodity contracts | Credit portion of fair value adjustment | Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	1	(1)	(1)	(1)
Foreign exchange contracts | Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	11	3	14	(3)
Foreign exchange contracts | Contract revenue | Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	15	15	52	45
Foreign exchange contracts | Contract revenue | Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	12	2	22	2
Foreign exchange contracts | Credit portion of fair value adjustment | Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ (1)	$ 0	$ (3)	$ 0

Derivative Financial Instrum_10

Derivative Financial Instruments - Offsetting Derivative Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative assets
Gross Amount Recognized in the Condensed Consolidated Balance Sheets	$ 4,336	$ 2,896
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Derivatives	(1,927)	(837)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral	(864)	(548)
Net Amount	1,545	1,511
Derivative liabilities
Gross Amount Recognized in the Condensed Consolidated Balance Sheets	5,146	2,013
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Derivatives	(1,927)	(837)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral	(661)	(712)
Net Amount	$ 2,558	$ 464

Other Short-Term Borrowings (De

Other Short-Term Borrowings (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Short-Term Debt [Abstract]
FHLB advances	$ 5,750	$ 0
Securities sold under repurchase agreements	475	544
Derivative collateral	127	436
Other borrowed money	26	0
Other short-term borrowings	$ 6,378	$ 980

Long-Term Debt (Details)

Long-Term Debt (Details) - Parent Company - Senior Notes - USD ($) $ in Millions	Jul. 28, 2022	Apr. 25, 2022
Fixed Rate/Floating Rate Senior Notes Due April 2028 And 2033
Debt Instrument [Line Items]
Principal amount		$ 1,000
Fixed Rate/Floating Rate Senior Notes Due April 2028 And 2033 | One year prior to maturity date
Debt Instrument [Line Items]
Redemption period		1 year
Fixed Rate/Floating Rate 4.055% Senior Notes Due April 2028
Debt Instrument [Line Items]
Principal amount		$ 400
Interest rate		4.055%
Fixed Rate/Floating Rate 4.055% Senior Notes Due April 2028 | 30 days prior to maturity date
Debt Instrument [Line Items]
Redemption period		30 days
Fixed Rate/Floating Rate 4.055% Senior Notes Due April 2028 | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.355%
Fixed Rate/Floating Rate 4.055% Senior Notes Due April 2028 | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.239%
Fixed Rate/Floating Rate 4.337% Senior Notes Due April 2033
Debt Instrument [Line Items]
Principal amount		$ 600
Interest rate		4.337%
Fixed Rate/Floating Rate 4.337% Senior Notes Due April 2033 | 90 days prior to maturity
Debt Instrument [Line Items]
Redemption period		90 days
Fixed Rate/Floating Rate 4.337% Senior Notes Due April 2033 | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.66%
Fixed Rate/Floating Rate 4.337% Senior Notes Due April 2033 | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.543%
Fixed Rate/Floating Rate Senior Notes Due July 2030
Debt Instrument [Line Items]
Principal amount	$ 1,000
Fixed Rate/Floating Rate Senior Notes Due July 2030 | One year prior to maturity date
Debt Instrument [Line Items]
Redemption period	1 year
Fixed Rate/Floating Rate Senior Notes Due July 2030 | 60 days prior to maturity date
Debt Instrument [Line Items]
Redemption period	60 days
Fixed Rate/Floating Rate Senior Notes Due July 2030 | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.127%
Fixed Rate/Floating Rate Senior Notes Due July 2030 | SOFR | Interest rate swap
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.132%
Fixed Rate 4.772% Senior Notes Due July 2030
Debt Instrument [Line Items]
Interest rate	4.772%

Commitments, Contingent Liabi_3

Commitments, Contingent Liabilities and Guarantees - Summary of Significant Commitments (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Commitments to extend credit
Long-term Purchase Commitment
Commitments	$ 81,206	$ 80,641
Forward contracts related to residential mortgage loans held for sale
Long-term Purchase Commitment
Commitments	2,418	1,952
Letters of credit
Long-term Purchase Commitment
Commitments	2,040	1,953
Capital commitments for private equity investments
Long-term Purchase Commitment
Commitments	163	124
Purchase obligations
Long-term Purchase Commitment
Commitments	124	160
Capital expenditures
Long-term Purchase Commitment
Commitments	$ 103	$ 78

Commitments, Contingent Liabi_4

Commitments, Contingent Liabilities and Guarantees - Additional Information (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	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	$ 8		$ 8			$ 20
Visa
Loss Contingencies
Fair value of liability	174		174			214
Visa IPO, shares of Visa's Class B common stock received															10.1
Visa Class B shares carryover basis															$ 0
Escrow deposit					$ 600	250	$ 300	$ 600	$ 450	$ 150	$ 1,565	$ 400	$ 800	$ 500	$ 3,000
Residential mortgage loans
Loss Contingencies
Fair value of liability	10		10
Make-whole payments	0	$ 0	0	$ 0
Repurchased outstanding principal	16	11	44	29
Repurchase demand request	28	$ 14	72	$ 42
Outstanding repurchase demand inventory	19		19			18
Secured Debt
Loss Contingencies
Fully and unconditionally guaranteed certain long-term borrowing obligations issued by wholly-owned issuing trust entities	62		62			62
Standby Letters of Credit
Loss Contingencies
Reserve for unfunded commitments	$ 25		$ 25			$ 24
Standby letters of credit as a percentage of total letters of credit	99%		99%			99%
Standby Letters of Credit | Secured Debt
Loss Contingencies
Standby letters of credit as a percentage of total letters of credit	67%		67%			71%
Variable Rate Demand Note
Loss Contingencies
Total variable rate demand notes	$ 435		$ 435			$ 464
Letters of credit issued related to variable rate demand notes	112		112			118
Variable Rate Demand Note | Trading Securities
Loss Contingencies
Total variable rate demand notes	2		2			1
Other Liabilities
Loss Contingencies
Reserve for unfunded commitments	199		199			182
Other Liabilities | Residential mortgage loans
Loss Contingencies
Outstanding balances on residential mortgage loans sold with representation and warranty provisions	$ 9		$ 9			$ 9

Commitments, Contingent Liabi_5

Commitments, Contingent Liabilities and Guarantees - Risk Rating Under the Risk Rating System (Details) - Commitments to extend credit - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Line of Credit Facility
Commitments	$ 81,206	$ 80,641
Pass
Line of Credit Facility
Commitments	79,242	78,298
Special mention
Line of Credit Facility
Commitments	801	1,058
Substandard
Line of Credit Facility
Commitments	$ 1,163	$ 1,285

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	Sep. 30, 2022 USD ($)
Line of Credit Facility
Commitments	$ 2,040
Less than 1 year
Line of Credit Facility
Commitments	977
Less than 1 year | Commercial
Line of Credit Facility
Commitments	1
1 - 5 years
Line of Credit Facility
Commitments	1,060
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	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	$ 2,040	$ 1,953
Pass
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	1,849	1,778
Special mention
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	46	40
Substandard
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	$ 145	$ 135

Commitments, Contingent Liabi_8

Commitments, Contingent Liabilities and Guarantees - Visa Funding and Bancorp Cash Payments (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	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	$ 600	$ 250	$ 300	$ 600	$ 450	$ 150	$ 1,565	$ 400	$ 800	$ 500	$ 3,000
Bancorp Cash Payment
Loss Contingencies
Cash Payment Amount	$ 25	$ 11	$ 12	$ 26	$ 18	$ 6	$ 75	$ 19	$ 35	$ 20

Legal and Regulatory Proceedi_2

Legal and Regulatory Proceedings (Details) $ in Millions					12 Months Ended
	May 28, 2019 USD ($)	Sep. 17, 2018 USD ($)	Mar. 27, 2017 merchant	Aug. 31, 2015 USD ($)	Dec. 31, 2013 class_action	Sep. 30, 2022 USD ($)	Nov. 04, 2020 class_action	Apr. 07, 2020 class_action	Dec. 18, 2019 claim	Aug. 03, 2012
Loss Contingencies
Apr percentage allegedly misleading										120%
Number of putative class actions filed | class_action					4
Damages sought	$ 280
Amount in excess of amounts reserved						$ 73
Helton v Fifth Third Bank
Loss Contingencies
Damages sought				$ 800
Number of pending claims | claim									1
Shareholder Litigation, Lee Christakis
Loss Contingencies
Number of pending claims | class_action								2
Shareholder Derivative Lawsuit
Loss Contingencies
Number of pending claims | class_action							5
Federal Lawsuits
Loss Contingencies
Number of merchants requesting exclusion | merchant			500
Class Action Settlement
Loss Contingencies
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

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Applicable income tax expense	$ 192	$ 191	$ 470	$ 582
Effective income tax rate	22.70%	21.30%	21.60%	21.60%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Activity in AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), pre-tax activity	$ (3,472)	$ (438)	$ (8,481)	$ (1,250)
Other comprehensive income (loss), tax effect	810	101	1,968	286
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	18,970	22,926	22,210	23,111
Other comprehensive loss, net of tax	(2,662)	(337)	(6,513)	(964)
Balance	16,736	22,524	16,736	22,524
Net actuarial loss arising during the year	(1)	(1)	(2)	(2)
AOCI
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(2,644)	1,974	1,207	2,601
Other comprehensive loss, net of tax	(2,662)	(337)	(6,513)	(964)
Balance	(5,306)	1,637	(5,306)	1,637
Available-for-sale debt securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity	(2,780)	(368)	(7,249)	(978)
Other comprehensive income (loss), before reclassifications, tax effect	651	87	1,685	230
Other comprehensive income (loss), before reclassifications, net activity	(2,129)	(281)	(5,564)	(748)
Reclassification adjustment, pre-tax activity	0	(1)	(3)	9
Reclassification adjustment, tax effect	0	0	1	(2)
Reclassification adjustment, net activity	0	(1)	(2)	7
Other comprehensive income (loss), pre-tax activity	(2,780)	(369)	(7,252)	(969)
Other comprehensive income (loss), tax effect	651	87	1,686	228
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(2,546)	1,472	891	1,931
Other comprehensive loss, net of tax	(2,129)	(282)	(5,566)	(741)
Balance	(4,675)	1,190	(4,675)	1,190
Cash flow hedge derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity	(688)	3	(1,092)	(67)
Other comprehensive income (loss), before reclassifications, tax effect	158	(1)	252	14
Other comprehensive income (loss), before reclassifications, net activity	(530)	2	(840)	(53)
Reclassification adjustment, pre-tax activity	(4)	(74)	(140)	(219)
Reclassification adjustment, tax effect	1	16	31	46
Reclassification adjustment, net activity	(3)	(58)	(109)	(173)
Other comprehensive income (loss), pre-tax activity	(692)	(71)	(1,232)	(286)
Other comprehensive income (loss), tax effect	159	15	283	60
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(63)	548	353	718
Other comprehensive loss, net of tax	(533)	(56)	(949)	(226)
Balance	(596)	492	(596)	492
Defined benefit pension plants, net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity	(1)	(1)	(2)	(2)
Other comprehensive income (loss), before reclassifications, tax effect	0	0	0	0
Other comprehensive income (loss), before reclassifications, net activity	(1)	(1)	(2)	(2)
Reclassification adjustment, pre-tax activity	1	3	5	7
Reclassification adjustment, tax effect	0	(1)	(1)	(2)
Reclassification adjustment, net activity	1	2	4	5
Other comprehensive income (loss), pre-tax activity	0	2	3	5
Other comprehensive income (loss), tax effect	0	(1)	(1)	(2)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(31)	(42)	(33)	(44)
Other comprehensive loss, net of tax	0	1	2	3
Balance	(31)	(41)	(31)	(41)
Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), pre-tax activity	0	0	0	0
Other comprehensive income (loss), tax effect	0	0	0	0
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(4)	(4)	(4)	(4)
Other comprehensive loss, net of tax	0	0	0	0
Balance	$ (4)	$ (4)	$ (4)	$ (4)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Reclassification Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Securities (losses) gains, net	$ (38)	$ (1)	$ (84)	$ 12
Interest and fees on loans and leases	1,315	1,014	3,377	3,078
Compensation and benefits	605	627	1,900	1,971
Income (loss) before income taxes	845	895	2,179	2,689
Applicable income tax expense	(192)	(191)	(470)	(582)
Net income	653	704	1,709	2,107
Reclassification out of AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net income	2	57	107	161
Reclassification out of AOCI | Available-for-sale debt securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Securities (losses) gains, net	0	1	3	(9)
Income (loss) before income taxes	0	1	3	(9)
Applicable income tax expense	0	0	(1)	2
Net income	0	1	2	(7)
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	4	74	140	219
Income (loss) before income taxes	4	74	140	219
Applicable income tax expense	(1)	(16)	(31)	(46)
Net income	3	58	109	173
Reclassification out of AOCI | Net periodic benefit costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income (loss) before income taxes	(1)	(3)	(5)	(7)
Applicable income tax expense	0	1	1	2
Net income	(1)	(2)	(4)	(5)
Reclassification out of AOCI | Amortization of net actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Compensation and benefits	(1)	(2)	(3)	(5)
Reclassification out of AOCI | Settlements
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Compensation and benefits	$ 0	$ (1)	$ (2)	$ (2)

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share:
Net income available to common shareholders	$ 631	$ 684	$ 1,631	$ 2,032
Less: Income allocated to participating securities	0	1	1	5
Net income allocated to common shareholders	$ 631	$ 683	$ 1,630	$ 2,027
Average shares (in shares)	689,278,078	697,457,483	688,617,910	706,845,513
Earnings per share (in dollars per share)	$ 0.91	$ 0.98	$ 2.37	$ 2.87
Earnings Per Diluted Share:
Net income available to common shareholders	$ 631	$ 684	$ 1,631	$ 2,032
Stock-based awards	0	0	0	0
Less: Income allocated to participating securities	0	1	1	5
Net income allocated to common shareholders	$ 631	$ 683	$ 1,630	$ 2,027
Average shares, stock based awards (in shares)	6,000,000	9,000,000	6,000,000	9,000,000
Average shares (in shares)	694,592,855	706,089,674	695,207,279	715,803,010
Earnings per diluted share (in dollars per share)	$ 0.91	$ 0.97	$ 2.34	$ 2.83

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Anti-dilutive securities	3	0	3	0

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Assets:
Available-for-sale debt and other securities	[1]	$ 51,289	$ 38,110
Equity securities		315	376
Derivative assets		4,336	2,896
Liabilities:
Derivative liabilities		5,146	2,013
Residential Mortgage
Assets:
Residential mortgage loans		125	154	$ 156
U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		2,377	86
Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		18	18
Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		6,191	5,275
Other securities
Assets:
Available-for-sale debt and other securities		874	519
Liabilities:
FHLB, restricted stock holdings		382	30
FRB, restricted stock holdings		490	486
DTCC, restricted stock holdings		2	3
Level 3 | Interest rate contracts
Assets:
Derivative assets		7		27
Liabilities:
Derivative liabilities		14		$ 8
Recurring
Assets:
Available-for-sale debt and other securities		50,415	37,591
Trading debt securities		414	512
Equity securities		315	376
Residential mortgage loans held for sale		1,107	1,023
Derivative assets		4,339	2,908
Total assets		58,447	43,685
Liabilities:
Derivative liabilities		5,152	2,013
Short positions		300	297
Total liabilities		5,452	2,310
Recurring | Interest rate contracts
Assets:
Derivative assets		1,219	1,259
Liabilities:
Derivative liabilities		2,092	241
Recurring | Foreign exchange contracts
Assets:
Derivative assets		753	323
Liabilities:
Derivative liabilities		705	298
Recurring | Equity contracts
Liabilities:
Derivative liabilities		174	214
Recurring | Commodity contracts
Assets:
Derivative assets		2,367	1,326
Liabilities:
Derivative liabilities		2,181	1,260
Recurring | Servicing rights
Assets:
Servicing rights		1,732	1,121
Recurring | Residential Mortgage
Assets:
Residential mortgage loans		125	154
Recurring | U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		2,377	86
Trading debt securities		82	84
Liabilities:
Short positions		78	96
Recurring | Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		18	18
Trading debt securities		36	32
Recurring | Agency mortgage-backed securities | Residential Mortgage
Assets:
Available-for-sale debt and other securities		11,232	8,782
Trading debt securities		7	105
Recurring | Agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		25,889	18,951
Recurring | Non-agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		4,708	4,479
Recurring | Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		6,191	5,275
Trading debt securities		289	291
Liabilities:
Short positions		222	201
Recurring | Level 1
Assets:
Available-for-sale debt and other securities		2,377	86
Trading debt securities		73	72
Equity securities		306	365
Residential mortgage loans held for sale		0	0
Derivative assets		159	28
Total assets		2,915	551
Liabilities:
Derivative liabilities		225	287
Short positions		78	96
Total liabilities		303	383
Recurring | Level 1 | Interest rate contracts
Assets:
Derivative assets		70	2
Liabilities:
Derivative liabilities		8	2
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		89	26
Liabilities:
Derivative liabilities		217	285
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		2,377	86
Trading debt securities		73	72
Liabilities:
Short positions		78	96
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		48,038	37,505
Trading debt securities		341	440
Equity securities		9	11
Residential mortgage loans held for sale		1,107	1,023
Derivative assets		4,173	2,868
Total assets		53,668	41,847
Liabilities:
Derivative liabilities		4,739	1,504
Short positions		222	201
Total liabilities		4,961	1,705
Recurring | Level 2 | Interest rate contracts
Assets:
Derivative assets		1,142	1,245
Liabilities:
Derivative liabilities		2,070	231
Recurring | Level 2 | Foreign exchange contracts
Assets:
Derivative assets		753	323
Liabilities:
Derivative liabilities		705	298
Recurring | Level 2 | Equity contracts
Liabilities:
Derivative liabilities		0	0
Recurring | Level 2 | Commodity contracts
Assets:
Derivative assets		2,278	1,300
Liabilities:
Derivative liabilities		1,964	975
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		9	12
Liabilities:
Short positions		0	0
Recurring | Level 2 | Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		18	18
Trading debt securities		36	32
Recurring | Level 2 | Agency mortgage-backed securities | Residential Mortgage
Assets:
Available-for-sale debt and other securities		11,232	8,782
Trading debt securities		7	105
Recurring | Level 2 | Agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		25,889	18,951
Recurring | Level 2 | Non-agency mortgage-backed securities | Commercial
Assets:
Available-for-sale debt and other securities		4,708	4,479
Recurring | Level 2 | Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		6,191	5,275
Trading debt securities		289	291
Liabilities:
Short positions		222	201
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		7	12
Total assets		1,864	1,287
Liabilities:
Derivative liabilities		188	222
Short positions		0	0
Total liabilities		188	222
Recurring | Level 3 | Interest rate contracts
Assets:
Derivative assets		7	12
Liabilities:
Derivative liabilities		14	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		174	214
Recurring | Level 3 | Commodity contracts
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring | Level 3 | Servicing rights
Assets:
Servicing rights		1,732	1,121
Recurring | Level 3 | Residential Mortgage
Assets:
Residential mortgage loans		125	154
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 $57,372 and $36,941 at September 30, 2022 and December 31, 2021, respectively.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Net fair value of the interest rate lock commitments	$ 3		$ 3
Change in the fair value of the interest rate lock commitments, due to decrease in current interest rates of 25 bps	5		5
Change in the fair value of the interest rate lock commitments, due to decrease in current interest rates of 50 bps	10		10
Change in the fair value of the interest rate lock commitments, due to increase in current interest rates of 25 bps	6		6
Change in the fair value of the interest rate lock commitments, due to increase in current interest rates of 50 bps	12		12
Change in fair value of interest rate lock commitments, due to 10% adverse changes in the assumed loan closing rates	0		0
Change in fair value of interest rate lock commitments, due to 10% favorable changes in the assumed loan closing rates	0		0
Change in fair value of interest rate lock commitments, due to 20% adverse changes in the assumed loan closing rates	1		1
Change in fair value of interest rate lock commitments, due to 20% favorable changes in the assumed loan closing rates	1		1
Gain resulting from observable price changes	0	$ 10	4	$ 10
Private equity, cumulative observable price change	45		45
Private equity, impairment	1	2	12	2
Private equity, cumulative impairment	34		34
Fair value of embedded derivatives	0		0		$ 89
Gain on embedded derivatives	0		11	0
Loss on embedded derivatives		1
Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value adjustment	0	0	0	0
Transfer | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value gains (losses)	$ 0	0	0	(6)
Commercial | Commercial loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value adjustment		0		1
Fair value gains (losses)		$ 0		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			(49)	$ 46
FVO valuation adjustments related to instrument-specific credit risk			$ (1)		$ 0

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 ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation
Derivative assets	$ 4,336		$ 4,336		$ 2,896
Derivative liabilities	5,146		5,146		$ 2,013
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	1,524	787	1,065	669
Total (losses) gains (realized/unrealized) included in earnings	19	(17)	159	(27)
Purchases/originations	101	169	395	380
Settlements	29	(50)	47	(153)
Transfers into Level 3	3	18	10	38
Balance, end of period	1,676	907	1,676	907
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	54	27	273	37
Interest rate contracts | Level 3
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation
Derivative assets	7	27	7	27
Derivative liabilities	14	8	14	8
Servicing Rights
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	1,582	818	1,121	656
Total (losses) gains (realized/unrealized) included in earnings	48	(44)	217	(95)
Purchases/originations	102	169	394	382
Settlements	0	0	0	0
Transfers into Level 3	0	0	0	0
Balance, end of period	1,732	943	1,732	943
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	80	19	338	77
Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	8	31	4	53
Total (losses) gains (realized/unrealized) included in earnings	(5)	44	8	136
Purchases/originations	(1)	0	1	(2)
Settlements	(9)	(56)	(20)	(168)
Transfers into Level 3	0	0	0	0
Balance, end of period	(7)	19	(7)	19
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	(2)	25	1	28
Equity Derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	(199)	(213)	(214)	(201)
Total (losses) gains (realized/unrealized) included in earnings	(17)	(17)	(46)	(67)
Purchases/originations	0	0	0	0
Settlements	42	19	86	57
Transfers into Level 3	0	0	0	0
Balance, end of period	(174)	(211)	(174)	(211)
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	(17)	(17)	(46)	(67)
Residential Mortgage Loans
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	133	151	154	161
Total (losses) gains (realized/unrealized) included in earnings	(7)	0	(20)	(1)
Purchases/originations	0	0	0	0
Settlements	(4)	(13)	(19)	(42)
Transfers into Level 3	3	18	10	38
Balance, end of period	125	156	125	156
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	$ (7)	$ 0	$ (20)	$ (1)

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	$ 19	$ (17)	$ 159	$ (27)
Mortgage banking net revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	35	0	202	38
Commercial banking revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	1	0	3	2
Other noninterest income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	$ (17)	$ (17)	$ (46)	$ (67)

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	$ 54	$ 27	$ 273	$ 37
Mortgage banking net revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	70	44	316	102
Commercial banking revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	1	0	3	2
Other noninterest income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	$ (17)	$ (17)	$ (46)	$ (67)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable Level 3 Inputs Recurring Basis) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative assets	$ 4,336		$ 2,896
Derivative liabilities	(5,146)		(2,013)
Servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Servicing rights	$ 1,732	$ 943
Servicing rights | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	0%	0%
OAS (bps)	6.15%	5.36%
Servicing rights | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	100%	100%
OAS (bps)	15.13%	15.87%
Servicing rights | Fixed | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	5.20%	11.30%
OAS (bps)	7.23%	7.57%
Servicing rights | Adjustable | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	20.30%	22.50%
OAS (bps)	12.04%	9.90%
IRLCs, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative assets	$ (3)	$ 27
IRLCs, net | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	48.90%	24.30%
IRLCs, net | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	98.60%	97.20%
IRLCs, net | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	90.10%	76.50%
Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative liabilities	$ (174)	$ (211)
Swap | Minimum
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
Swap | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Timing of the resolution of the Covered Litigation	Sep. 30, 2026	Mar. 31, 2025
Swap | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Timing of the resolution of the Covered Litigation	Mar. 31, 2025	Mar. 31, 2024
Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loans measured at FV	$ 125	$ 156	$ 154
Residential Mortgage | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	(24.60%)	(7.50%)
Credit risk factor	0%	0%
Residential Mortgage | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	2.60%	8.60%
Credit risk factor	23.10%	28.30%
Residential Mortgage | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	(13.10%)	1.10%
Credit risk factor	0.40%	0.30%

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 299	$ 462	$ 299	$ 462
Total Losses	(44)	12	(101)	(65)
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	9	1	9	1
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	290	461	290	461
Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		2		2
Total Losses		0		2
Commercial loans held for sale | Commercial | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		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		0
Commercial loans held for sale | Commercial | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		2		2
Commercial loans and leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	161	268	161	268
Total Losses	(42)	7	(89)	(37)
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	161	268	161	268
Consumer and residential mortgage loans | Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	120	126	120	126
Total Losses	0	0	0	(1)
Consumer and residential mortgage loans | Consumer | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Consumer and residential mortgage loans | Consumer | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Consumer and residential mortgage loans | Consumer | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	120	126	120	126
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	9	3	9
Total Losses	0	0	0	(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	3	9	3	9
Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	11	3	11
Total Losses	(1)	(3)	(2)	(6)
Bank premises and equipment | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Bank premises and equipment | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Bank premises and equipment | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	11	3	11
Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	31	2	31
Total Losses	0	0	(2)	(25)
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	2	31	2	31
Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	10	15	10	15
Total Losses	(1)	8	(8)	8
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	9	1	9	1
Private equity investments | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 1	$ 14	$ 1	$ 14

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	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 299	$ 462
Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		2
Commercial loans and leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	161	268
Consumer and residential mortgage loans | Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	120	126
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	9
Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	11
Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	31
Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	10	15
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	290	461
Level 3 | Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		2
Level 3 | Commercial loans and leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	161	268
Level 3 | Consumer and residential mortgage loans | Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	120	126
Level 3 | OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	9
Level 3 | Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	11
Level 3 | Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	31
Level 3 | Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	1	14
Level 3 | Appraised Value | Commercial loans and leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	161	268
Level 3 | Appraised Value | Consumer and residential mortgage loans | Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	120	126
Level 3 | Appraised Value | OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	9
Level 3 | Appraised Value | Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	11
Level 3 | Appraised Value | Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	31
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
Level 3 | Comparable Company Analysis | Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 1	$ 14

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	Sep. 30, 2022	Dec. 31, 2021
Aggregate fair value
Loans measured at fair value	$ 1,232	$ 1,177
Past due loans of 90 days or more	1	3
Non accrual loans	2	0
Aggregate unpaid principal balance
Loans measured at fair value	1,281	1,149
Past due loans of 90 days or more	1	3
Non accrual loans	2	0
Difference
Loans measured at fair value	(49)	28
Past due loans of 90 days or more	0	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		Sep. 30, 2022	Dec. 31, 2021
Financial assets:
Cash and due from banks		$ 3,068	$ 2,994
Other short-term investments	[1]	6,594	34,572
Held-to-maturity securities		5	8
Loans and leases held for sale	[2]	1,940	4,415
Total portfolio loans and leases, net		117,900	110,158
Financial liabilities:
Deposits		161,652	169,324
Federal funds purchased		212	281
Other short-term borrowings		6,378	980
Long-term debt	[1]	11,712	11,821
Commercial
Financial assets:
Total portfolio loans and leases, net		75,778	70,268
Consumer
Financial assets:
Total portfolio loans and leases, net		44,221	41,782
Net Carrying Amount
Financial assets:
Cash and due from banks		3,068	2,994
Other short-term investments		6,594	34,572
Other securities		874	519
Held-to-maturity securities		5	8
Loans and leases held for sale		833	3,392
Total portfolio loans and leases, net		117,775	110,004
Financial liabilities:
Deposits		161,652	169,324
Federal funds purchased		212	281
Other short-term borrowings		6,378	980
Long-term debt		11,808	11,425
Net Carrying Amount | Commercial
Financial assets:
Total portfolio loans and leases, net		74,620	69,166
Net Carrying Amount | Consumer
Financial assets:
Total portfolio loans and leases, net		43,155	40,838
Total Fair Value
Financial assets:
Cash and due from banks		3,068	2,994
Other short-term investments		6,594	34,572
Other securities		874	519
Held-to-maturity securities		5	8
Loans and leases held for sale		837	3,405
Total portfolio loans and leases, net		114,909	111,556
Financial liabilities:
Deposits		161,606	169,316
Federal funds purchased		212	281
Other short-term borrowings		6,365	980
Long-term debt		11,435	12,478
Total Fair Value | Commercial
Financial assets:
Total portfolio loans and leases, net		74,090	69,924
Total Fair Value | Consumer
Financial assets:
Total portfolio loans and leases, net		40,819	41,632
Total Fair Value | Level 1
Financial assets:
Cash and due from banks		3,068	2,994
Other short-term investments		6,594	34,572
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		212	281
Other short-term borrowings		0	0
Long-term debt		11,032	12,091
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		874	519
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		161,606	169,316
Federal funds purchased		0	0
Other short-term borrowings		6,365	980
Long-term debt		403	387
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		5	8
Loans and leases held for sale		837	3,405
Total portfolio loans and leases, net		114,909	111,556
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		74,090	69,924
Total Fair Value | Level 3 | Consumer
Financial assets:
Total portfolio loans and leases, net		$ 40,819	$ 41,632
[1]Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.[2]Includes $1,107 and $1,023 of residential mortgage loans held for sale measured at fair value at September 30, 2022 and December 31, 2021, respectively.

Business Segments - Narrative (

Business Segments - Narrative (Details)	9 Months Ended
	Sep. 30, 2022 segment
Segment Reporting [Abstract]
Number of business segments	3

Business Segments - Results of

Business Segments - Results of Operations and Average Assets by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information
Total goodwill	$ 4,925	$ 4,514	$ 4,925	$ 4,514	$ 4,514	$ 4,258
Total assets	205,463	207,731	205,463	207,731
Net interest income	1,498	1,189	4,032	3,574
Provision for (benefit from) credit losses	158	(42)	383	(330)
Net Interest Income After Provision for (Benefit from) Credit Losses	1,340	1,231	3,649	3,904
Noninterest Income
Service charges on deposits	143	152	449	445
Wealth and asset management revenue	141	147	430	436
Commercial banking revenue	134	152	406	465
Card and processing revenue	105	102	306	298
Leasing business revenue	60	78	179	226
Mortgage banking net revenue	69	86	152	235
Other noninterest income	59	120	195	211
Securities losses, net	(38)	(1)	(84)	12
Securities losses, net – non-qualifying hedges on MSRs	(1)	0	(2)	(2)
Total noninterest income	672	836	2,031	2,326
Noninterest Expense
Compensation and benefits	605	627	1,900	1,971
Technology and communications	106	98	306	285
Net occupancy expense	74	79	225	235
Equipment expense	36	34	108	102
Leasing business expense	33	33	95	102
Marketing expense	35	29	87	72
Card and processing expense	21	19	59	70
Other noninterest expense	257	253	721	704
Total noninterest expense	1,167	1,172	3,501	3,541
Income (loss) before income taxes	845	895	2,179	2,689
Applicable income tax expense (benefit)	192	191	470	582
Net Income	653	704	1,709	2,107
Impairment losses on bank premises	1	3	2	7
Impairment losses of operating lease equipment	0	0	2	25
Impairment losses and termination charges	0	1	2	3
Bank premises and equipment held for sale	24		24		24
Operating Segments | Commercial Banking
Segment Reporting Information
Total goodwill	2,324	1,981	2,324	1,981	1,980	1,980
Total assets	83,798	72,423	83,798	72,423
Net interest income	594	394	1,669	1,183
Provision for (benefit from) credit losses	(2)	(250)	44	(479)
Net Interest Income After Provision for (Benefit from) Credit Losses	596	644	1,625	1,662
Noninterest Income
Service charges on deposits	90	96	285	288
Wealth and asset management revenue	1	0	2	2
Commercial banking revenue	133	151	405	462
Card and processing revenue	22	21	65	57
Leasing business revenue	60	78	179	226
Mortgage banking net revenue	0	0	0	0
Other noninterest income	24	26	88	70
Securities losses, net	(32)	2	(32)	8
Securities losses, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	298	374	992	1,113
Noninterest Expense
Compensation and benefits	147	152	483	475
Technology and communications	2	5	9	12
Net occupancy expense	10	9	30	28
Equipment expense	7	7	21	19
Leasing business expense	33	33	95	102
Marketing expense	1	1	3	4
Card and processing expense	3	2	8	5
Other noninterest expense	237	225	712	668
Total noninterest expense	440	434	1,361	1,313
Income (loss) before income taxes	454	584	1,256	1,462
Applicable income tax expense (benefit)	85	114	230	276
Net Income	369	470	1,026	1,186
Impairment losses of operating lease equipment			2	25
Operating Segments | Consumer and Small Business Banking
Segment Reporting Information
Total goodwill	2,375	2,302	2,375	2,302	2,303	2,047
Total assets	84,653	83,130	84,653	83,130
Net interest income	833	429	1,981	1,247
Provision for (benefit from) credit losses	34	19	93	95
Net Interest Income After Provision for (Benefit from) Credit Losses	799	410	1,888	1,152
Noninterest Income
Service charges on deposits	53	56	164	157
Wealth and asset management revenue	52	53	154	154
Commercial banking revenue	1	1	2	2
Card and processing revenue	79	78	231	232
Leasing business revenue	0	0	0	0
Mortgage banking net revenue	69	85	151	233
Other noninterest income	33	28	86	75
Securities losses, net	0	0	0	0
Securities losses, net – non-qualifying hedges on MSRs	(1)	0	(2)	(2)
Total noninterest income	286	301	786	851
Noninterest Expense
Compensation and benefits	207	207	630	633
Technology and communications	6	4	15	12
Net occupancy expense	49	49	147	149
Equipment expense	9	9	28	28
Leasing business expense	0	0	0	0
Marketing expense	20	11	44	26
Card and processing expense	19	18	54	68
Other noninterest expense	298	295	871	882
Total noninterest expense	608	593	1,789	1,798
Income (loss) before income taxes	477	118	885	205
Applicable income tax expense (benefit)	100	25	186	44
Net Income	377	93	699	161
Impairment losses on bank premises	1	3	2	6
Operating Segments | Wealth and Asset Management
Segment Reporting Information
Total goodwill	226	231	226	231	$ 231	$ 231
Total assets	12,232	11,272	12,232	11,272
Net interest income	79	22	167	64
Provision for (benefit from) credit losses	0	0	0	(1)
Net Interest Income After Provision for (Benefit from) Credit Losses	79	22	167	65
Noninterest Income
Service charges on deposits	0	0	1	0
Wealth and asset management revenue	132	140	407	414
Commercial banking revenue	1	0	1	1
Card and processing revenue	1	1	2	2
Leasing business revenue	0	0	0	0
Mortgage banking net revenue	0	1	1	2
Other noninterest income	0	1	0	3
Securities losses, net	0	0	0	0
Securities losses, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	134	143	412	422
Noninterest Expense
Compensation and benefits	54	48	166	151
Technology and communications	0	0	1	1
Net occupancy expense	3	4	9	11
Equipment expense	0	0	0	0
Leasing business expense	0	0	0	0
Marketing expense	0	1	1	1
Card and processing expense	0	0	0	0
Other noninterest expense	85	81	244	236
Total noninterest expense	142	134	421	400
Income (loss) before income taxes	71	31	158	87
Applicable income tax expense (benefit)	15	7	33	19
Net Income	56	24	125	68
General Corporate and Other
Segment Reporting Information
Total goodwill	0	0	0	0
Total assets	24,780	40,906	24,780	40,906
Net interest income	(8)	344	215	1,080
Provision for (benefit from) credit losses	126	189	246	55
Net Interest Income After Provision for (Benefit from) Credit Losses	(134)	155	(31)	1,025
Noninterest Income
Service charges on deposits	0	0	(1)	0
Wealth and asset management revenue	0	0	0	0
Commercial banking revenue	(1)	0	(2)	0
Card and processing revenue	3	2	8	7
Leasing business revenue	0	0	0	0
Mortgage banking net revenue	0	0	0	0
Other noninterest income	2	65	21	63
Securities losses, net	(6)	(3)	(52)	4
Securities losses, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	(2)	64	(26)	74
Noninterest Expense
Compensation and benefits	197	220	621	712
Technology and communications	98	89	281	260
Net occupancy expense	12	17	39	47
Equipment expense	20	18	59	55
Leasing business expense	0	0	0	0
Marketing expense	14	16	39	41
Card and processing expense	(1)	(1)	(3)	(3)
Other noninterest expense	(319)	(302)	(973)	(948)
Total noninterest expense	21	57	63	164
Income (loss) before income taxes	(157)	162	(120)	935
Applicable income tax expense (benefit)	(8)	45	21	243
Net Income	(149)	117	(141)	692
Impairment losses on bank premises				1
Bank premises and equipment held for sale	24	25	24	25
Eliminations
Segment Reporting Information
Total goodwill	0	0	0	0
Total assets	0	0	0	0
Net interest income	0	0	0	0
Provision for (benefit from) credit losses	0	0	0	0
Net Interest Income After Provision for (Benefit from) Credit Losses	0	0	0	0
Noninterest Income
Service charges on deposits	0	0	0	0
Wealth and asset management revenue	(44)	(46)	(133)	(134)
Commercial banking revenue	0	0	0	0
Card and processing revenue	0	0	0	0
Leasing business revenue	0	0	0	0
Mortgage banking net revenue	0	0	0	0
Other noninterest income	0	0	0	0
Securities losses, net	0	0	0	0
Securities losses, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	(44)	(46)	(133)	(134)
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
Marketing expense	0	0	0	0
Card and processing expense	0	0	0	0
Other noninterest expense	(44)	(46)	(133)	(134)
Total noninterest expense	(44)	(46)	(133)	(134)
Income (loss) before income taxes	0	0	0	0
Applicable income tax expense (benefit)	0	0	0	0
Net Income	$ 0	$ 0	$ 0	$ 0

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event - Senior Notes $ in Billions	Oct. 27, 2022 USD ($)
Parent Company | Fixed Rate/Floating Rate Senior Notes Due October 27, 2028
Subsequent Event [Line Items]
Principal amount	$ 1
Parent Company | Fixed Rate/Floating Rate Senior Notes Due October 27, 2028 | One year prior to maturity date
Subsequent Event [Line Items]
Redemption period	1 year
Parent Company | Fixed Rate/Floating Rate Senior Notes Due October 27, 2028 | 30 days prior to maturity date
Subsequent Event [Line Items]
Redemption period	30 days
Parent Company | Fixed Rate/Floating Rate Senior Notes Due October 27, 2028 | 180 days after issue date
Subsequent Event [Line Items]
Redemption period	180 days
Parent Company | 6.361% Fixed Rate Senior Notes Due October 27, 2028
Subsequent Event [Line Items]
Interest rate	6.361%
Parent Company | Floating Rate Senior Notes Due October 27, 2028 | SOFR
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	2.192%
Parent Company | Floating Rate Senior Notes Due October 27, 2028 | SOFR | Interest rate swap
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	2.193%
Subsidiaries | Fixed Rate/Floating Rate Senior Notes Due October 27, 2025
Subsequent Event [Line Items]
Principal amount	$ 1
Subsidiaries | Fixed Rate/Floating Rate Senior Notes Due October 27, 2025 | One year prior to maturity date
Subsequent Event [Line Items]
Redemption period	1 year
Subsidiaries | Fixed Rate/Floating Rate Senior Notes Due October 27, 2025 | 30 days prior to maturity date
Subsequent Event [Line Items]
Redemption period	30 days
Subsidiaries | 5.852% Fixed Rate Senior Notes Due October 27, 2025
Subsequent Event [Line Items]
Interest rate	5.852%
Subsidiaries | Floating Rate Senior Notes Due October 27, 2025 | SOFR
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	1.23%
Subsidiaries | Floating Rate Senior Notes Due October 27, 2025 | SOFR | Interest rate swap
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	1.218%