Fifth Third Bancorp (FITB) 10-Q 8 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Cover [Abstract]
Entity Central Index Key	0000035527
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity Registrant Name	FIFTH THIRD BANCORP
Entity File Number	001-33653
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-0854434
Entity Address, Address Line One	Fifth Third Center
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 Listings [Line Items]
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		709,667,397
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
Preferred stock, Series I
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
Preferred Stock, Series K
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
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

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS Unaudited - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 3,261	$ 2,681
Other short-term investments	3,235	1,825
Available-for-sale debt and other securities	37,178	32,830
Held-to-matury securities	18	18
Trading debt securities	297	287
Equity securities	459	452
Loans and leases held for sale	1,223	607
Portfolio loans and leases	109,409	95,265
ALLL	(1,143)	(1,103)
Portfolio loans and leases, net	108,266	94,162
Bank premises and equipment	2,053	1,861
Operating lease equipment	869	518
Goodwill	4,290	2,478
Intangible assets	201	40
Servicing rights	910	938
Other assets	8,819	7,372
Total Assets	171,079	146,069
Deposits
Noninterest-bearing deposits	35,893	32,116
Interest-bearing deposits	89,454	76,719
Total deposits	125,347	108,835
Federal funds purchased	876	1,925
Other short-term borrowings	4,046	573
Accrued taxes, interest and expenses	2,507	1,562
Other liabilities	2,425	2,498
Long-term debt	14,474	14,426
Total liabilities	149,675	129,819
Equity
Common stock	2,051	2,051
Preferred stock	1,770	1,331
Capital surplus	3,589	2,873
Retained earnings	17,786	16,578
Accumulated other comprehensive income	1,635	(112)
Treasury stock	(5,427)	(6,471)
Total Bancorp Shareholders' Equity	21,404	16,250
Noncontrolling interests	0	0
Total Equity	21,404	16,250
Total Liabilities and Equity	$ 171,079	$ 146,069

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS Unaudited (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Other short-term investments	$ 3,235	$ 1,825
Indirect secured consumer loans	11,026	8,976
ALLL	(1,143)	(1,103)
Other assets	8,819	7,372
Other liabilities	2,425	2,498
Long-term debt	14,474	14,426
Available-for-sale debt securities, amortized cost	35,662	33,128
Held-to-maturity securities, fair value	18	18
Bank premises and equipment held for sale	$ 87	$ 42
Common stock, stated value	$ 2.22	$ 2.22
Common stock, authorized	2,000,000,000	2,000,000,000
Common stock, outstanding	718,583,491	646,630,857
Common stock, treasury shares	205,309,090	277,261,724
Class B
Preferred stock, authorized	500,000
Preferred stock, liquidation preference	$ 1,000
Preferred stock, unissued	300,000
No Class
Preferred stock, authorized	500,000	500,000
Preferred stock, liquidation preference	$ 25,000	$ 25,000
Preferred stock, unissued	436,000	446,000
Residential Mortgage
Loans held for sale measured at FV	$ 1,136	$ 537
Loans measured at FV	184	179
Commercial
ALLL	(671)	(645)
Loans held for sale measured at FV	1	7
Variable Interest Entity, Primary Beneficiary
Other short-term investments	76	40
Indirect secured consumer loans	1,543	668
ALLL	9	4
Other assets	11	5
Other liabilities	3	1
Long-term debt	$ 1,438	$ 606

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME Unaudited - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest Income
Interest and fees on loans and leases	$ 1,320	$ 1,040	$ 3,799	$ 2,975
Interest on securities	291	269	862	798
Interest on other short-term investments	14	6	33	17
Total interest income	1,625	1,315	4,694	3,790
Interest Expense
Interest on deposits	243	144	692	359
Interest on federal funds purchased	4	10	23	17
Interest on other short-term borrowings	8	6	23	25
Interest on long-term debt	128	112	387	330
Total interest expense	383	272	1,125	731
Net Interest Income	1,242	1,043	3,569	3,059
Provision for credit losses	134	84	310	111
Net Interest Income After Provision for Credit Losses	1,108	959	3,259	2,948
Noninterest Income
Service charges on deposits	143	139	417	414
Wealth and asset management revenue	124	114	358	335
Corporate banking revenue	168	100	417	308
Card and processing revenue	94	82	266	245
Mortgage banking net revenue	95	49	214	158
Other noninterest income	111	86	794	794
Securities gains (losses), net	5	(6)	30	(21)
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights	0	(1)	5	(18)
Total noninterest income	740	563	2,501	2,215
Noninterest Expense
Salaries, wages and incentives	497	421	1,527	1,339
Employee benefits	87	82	316	270
Net occupancy expense	84	70	248	219
Technology and communications	100	71	319	206
Equipment expense	33	31	96	92
Card and processing expense	33	31	98	91
Other noninterest expense	325	266	895	767
Total noninterest expense	1,159	972	3,499	2,984
Income (Loss) Before Income Taxes	689	550	2,261	2,179
Applicable income tax expense	140	114	483	442
Net Income (loss)	549	436	1,778	1,737
Less: Net income attributable to noncontrolling interests	0	0	0	0
Net income attributable to Bancorp	549	436	1,778	1,737
Dividends on preferred stock	19	15	60	52
Net income (loss) available to common shareholders	$ 530	$ 421	$ 1,718	$ 1,685
Earnings per share - basic	$ 0.72	$ 0.62	$ 2.40	$ 2.45
Earnings per share - diluted	$ 0.71	$ 0.61	$ 2.37	$ 2.41
Average common shares outstanding- basic	726,715,542	667,624,132	708,848,535	680,181,785
Average common shares oustanding - diluted	736,086,399	679,198,715	718,413,237	693,078,647

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Unaudited - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement Of Income And Comprehensive Income
Net income (loss)	$ 549	$ 436	$ 1,778	$ 1,737
Other Comprehensive Income (Loss), Net of Tax
Unrealized holding gains (losses) on available-for-sale debt securities arising during period	379	(207)	1,387	(834)
Reclassification adjustment for net (gains) losses included in net income	(2)	0	(2)	7
Unrealized holding gains (losses) on cash flow hedge derivatives arising during period	83	(19)	361	(24)
Reclassification adjustment for net gains on cash flow hedge derivatives included in net income	(4)	2	(2)	2
Net actuarial gain (loss) arising during the year	0	(2)	0	(2)
Reclassification of amounts to net periodic benefit costs	1	3	3	5
Other comprehensive income (loss)	457	(223)	1,747	(846)
Comprehensive income	1,006	213	3,525	891
Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive income attributable to Bancorp	$ 1,006	$ 213	$ 3,525	$ 891

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Unaudited - USD ($) $ in Millions	Total	Common Stock	Preferred Stock	Capital Surplus	Retained Earnings	Accumulated Other Comprehensive Income(Loss)	Treasury Stock	Total Bancorp Shareholders' Equity	Non- Controlling Interest
Beginning Balance at Dec. 31, 2017	$ 16,220	$ 2,051	$ 1,331	$ 2,790	$ 14,957	$ 73	$ (5,002)	$ 16,200	$ 20
Net income (loss)	1,737
Other comprehensive income (loss)	(846)
Ending Balance at Sep. 30, 2018	15,701	2,051	1,331	2,856	16,291	(775)	(6,073)	15,681	20
Impact of cumulative effect of change in accounting principles	4				6	(2)		4
Beginning Balance at Jan. 01, 2018	16,224	2,051	1,331	2,790	14,963	71	(5,002)	16,204	20
Net income (loss)	1,737				1,737			1,737
Other comprehensive income (loss)	(846)					(846)		(846)
Cash dividends declared:
Common stock	355				355			355
Preferred stock	52				52			52
Shares acquired for treasury	1,053			(41)			1,094	1,053
Impact of stock transactions under stock compensation plans, net	46			25			21	46
Other	0				(2)		2	0
Ending Balance at Sep. 30, 2018	15,701	2,051	1,331	2,856	16,291	(775)	(6,073)	15,681	20
Beginning Balance at Jun. 30, 2018	16,100	2,051	1,331	2,833	15,991	(552)	(5,574)	16,080	20
Net income (loss)	436				436			436
Other comprehensive income (loss)	(223)					(223)		(223)
Cash dividends declared:
Common stock	121				121			121
Preferred stock	15				15			15
Shares acquired for treasury	500						500	500
Impact of stock transactions under stock compensation plans, net	24			23			1	24
Ending Balance at Sep. 30, 2018	15,701	2,051	1,331	2,856	16,291	(775)	(6,073)	15,681	20
Beginning Balance at Dec. 31, 2018	16,250	2,051	1,331	2,873	16,578	(112)	(6,471)	16,250	0
Net income (loss)	1,778
Other comprehensive income (loss)	1,747
Ending Balance at Sep. 30, 2019	21,404	2,051	1,770	3,589	17,786	1,635	(5,427)	21,404	0
Impact of cumulative effect of change in accounting principles	10				10			10
Beginning Balance at Jan. 01, 2019	16,260	2,051	1,331	2,873	16,588	(112)	(6,471)	16,260	0
Net income (loss)	1,778				1,778			1,778
Other comprehensive income (loss)	1,747					1,747		1,747
Cash dividends declared:
Common stock	518				518			518
Preferred stock	60				60			60
Shares acquired for treasury	1,463						1,463	1,463
Issuance of preferred stock	242		242					242
Conversion of outstanding preferred stock	0		197					197	(197)
Impact of stock transactions under stock compensation plans, net	59			5	1		53	59
Impact of MB Financial, Inc. acquisition	3,356			712			2,447	3,159	197
Other	3			(1)	(3)		7	3
Ending Balance at Sep. 30, 2019	21,404	2,051	1,770	3,589	17,786	1,635	(5,427)	21,404	0
Beginning Balance at Jun. 30, 2019	20,671	2,051	1,331	3,572	17,431	1,178	(5,089)	20,474	197
Net income (loss)	549				549			549
Other comprehensive income (loss)	457					457		457
Cash dividends declared:
Common stock	175				175			175
Preferred stock	19				19			19
Shares acquired for treasury	350						350	350
Issuance of preferred stock	242		242					242
Conversion of outstanding preferred stock	0		197					197	(197)
Impact of stock transactions under stock compensation plans, net	24			17			7	24
Other	5						5	5
Ending Balance at Sep. 30, 2019	$ 21,404	$ 2,051	$ 1,770	$ 3,589	$ 17,786	$ 1,635	$ (5,427)	$ 21,404	$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Unaudited (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Common stock, per share	$ 0.24	$ 0.18	$ 0.70	$ 0.52
Preferred stock, Series H
Preferred stock, per share			637.5	637.5
Preferred Stock, Series C
Preferred stock, per share	15		30
Class B Preferred stock, Series A
Preferred stock, per share	5.83		5.83
Preferred stock, Series I
Preferred stock, per share	414.06	414.06	1,242.18	1,242.18
Preferred stock, Series J
Preferred stock, per share	$ 612.50	$ 612.50	$ 1,225	$ 1,225

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Unaudited - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities
Net income	$ 1,778	$ 1,737
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (benefit from) credit losses	310	111
Depreciation, amortization and accretion	289	275
Stock-based compensation expense	109	106
Provision for (benefit from) deferred income taxes	(197)	(15)
Securities gains (losses), net	(30)	23
Securities gains (losses), net - non-qualifying hedges on mortgage servicing rights	(5)	18
MSR fair value adjustment	416	(8)
Net gains on sales of loans and fair value adjustments on loans held for sale	(96)	(52)
Net losses (gains) on disposition and impairment of bank premises and equipment	(24)	(37)
Net losses on disposition and impairment of operating lease equipment	(2)	1
Gain on Vantiv and Worldpay transaction	0	(414)
Gain on sale of Worldpay, Inc. shares	(562)	(205)
Proceeds from sales of loans and leases held for sale	5,457	4,017
Cash received under operating leases	(111)	0
Loans originated or purchased for sale, net of repayments	(6,032)	(4,222)
Dividends representing return on equity investments	40	9
Net change in:
Trading debt and equity securities	66	131
Other assets	(825)	355
Accrued taxes, interest and expenses	(130)	3
Other liabilities	(276)	20
Net Cash Provided by (Used in) Operating Activities	445	1,927
Proceeds from sales:
Available-for-sale debt and other securities	8,424	10,867
Loans	221	211
Bank premises and equipment	35	40
Proceeds from repayments / maturities:
Available-for-sale debt and other securities	1,620	1,450
Held-to-maturity securities	3	6
Purchases:
Available-for-sale debt and other securities	(11,204)	(13,322)
Bank premises and equipment	(180)	(145)
MSRs	(26)	(82)
Proceeds from settlement of BOLI	21	11
Proceeds from sale and dividends representing return of equity investments	1,028	601
Net cash received (paid) on acquisitions	1,210	(20)
Net change in:
Other short-term investments	(1,357)	1,324
Loans and leases	(1,132)	(1,882)
Operating lease equipment	(25)	40
Federal funds sold	35	0
Net Cash Provided by (Used in) Investing Activities	(1,327)	(901)
Net change in:
Deposits	2,027	1,180
Federal funds purchased	(1,049)	2,142
Other short-term borrowings	3,206	(2,898)
Dividends paid on common stock	(486)	(347)
Dividends paid on preferred stock	(60)	(60)
Proceeds from issuance of long-term debt	3,103	2,438
Repayment of long-term debt	(4,012)	(2,774)
Repurchase of treasury stock and related forward contract	1,463	1,053
Issuance of preferred shares	242	0
Other	(46)	(68)
Net Cash Provided by (Used in) Financing Activities	1,462	(1,440)
Increase (Decrease) in Cash and Due from Banks	580	(414)
Cash and Due from Banks at Beginning of Period	2,681	2,514
Cash and Due from Banks at End of Period	$ 3,261	$ 2,100

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Basis of Presentation
Basis of Presentation	1. Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of the Bancorp and its majority-owned subsidiaries and VIEs in which the Bancorp has been determined to be the primary beneficiary. Other entities, including certain joint ventures in which the Bancorp has the ability to exercise significant influence over operating and financial policies of the investee, but upon which the Bancorp does not possess control, are accounted for by the equity method and not consolidated. The investments in those entities in which the Bancorp does not have the ability to exercise significant influence are generally carried at fair value unless the investment does not have a readily determinable fair value. The Bancorp accounts for equity investments without a readily determinable fair value using the measurement alternative to fair value, representing the cost of the investment minus impairment recorded, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer. Intercompany transactions and balances 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, 2019 and 2018 and the cash flows for the nine months ended September 30, 2019 and 2018 are not necessarily indicative of the results to be expected for the full year. Financial information as of December 31, 2018 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. Certain prior period data has been reclassified to conform to current period presentation. Specifically, Fifth Third reclassified the provision for the reserve for unfunded commitments from other noninterest expense to the provision for credit losses.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2019
Supplemental Cash Flow
Supplemental Cash Flow Information	2. 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) 2019 2018 Cash Payments: Interest $ 1,166 760 Income taxes 524 297 Transfers: Portfolio loans to loans held for sale 191 212 Loans held for sale to portfolio loans 30 83 Portfolio loans to OREO 23 28 Supplemental Disclosures: Conversion of outstanding preferred stock issued by a Bancorp subsidiary 197 - Additions to right-of-use assets under operating leases 43 - Additions to right-of-use assets under finance leases 13 - Right-of-use assets recognized at adoption of ASU 2016-02 509 -

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2019
Business Combination
Business Combination	3. Business Combination On March 22, 2019, Fifth Third Bancorp completed its acquisition of MB Financial, Inc. in a stock and cash transaction valued at approximately $ 3.6 billion. MB Financial, Inc. was headquartered in Chicago, Illinois with reported assets of approximately $ 20 billion and 86 branches ( 91 locations) as of December 31, 2018 and was the holding company of MB Financial Bank, N.A. The acquisition resulted in a combined company with a larger Chicago market presence and core deposit funding base while also building scale in a strategically important market. Under the terms of the agreement, the Bancorp acquired 100% of the common stock of MB Financial, Inc. In exchange, common shareholders of MB Financial, Inc. received 1.45 shares of Fifth Third Bancorp common stock and $ 5.54 in cash for each share of MB Financial, Inc. common stock, for a total value per share of $ 42.49, based on the $ 25.48 closing price of Fifth Third Bancorp’s common stock on March 21, 2019. Upon closing of the transaction, MB Financial, Inc. became a subsidiary of the Bancorp. However, MB Financial, Inc.’s 6.00% non-cumulative Series C perpetual preferred stock with a fair value of $197 million remained outstanding and was recognized as a noncontrolling interest on the Condensed Consolidated Balance Sheets. Through its ownership of all of the common stock, the Bancorp controlled 95% of the voting equity interests in MB Financial, Inc. with the remainder attributable to the preferred shareholders’ noncontrolling interest. On June 24, 2019, MB Financial, Inc. entered into an Agreement and Plan of Merger with the Bancorp to provide for the merger of MB Financial, Inc. with and into the Bancorp, with the Bancorp as the surviving corporation. A special meeting of MB Financial, Inc.’s stockholders was held on August 23, 2019 at which the holders of MB Financial, Inc.’s common stock and preferred stock, voting together as a single class, approved the merger. In the merger, each outstanding share of MB Financial, Inc.’s preferred stock was converted into the right to receive one share of a newly created series of preferred stock of the Bancorp having substantially the same terms as the MB Financial, Inc. preferred stock. On August 26, 2019, the Bancorp issued 200,000 shares of 6.00% non-cumulative Class B perpetual preferred stock, Series A. Each preferred share has a $ 1,000 liquidation preference. These shares were issued to the holders of MB Financial, Inc.’s 6.00% non-cumulative Series C perpetual preferred stock in conjunction with the merger of MB Financial, Inc. with and into Fifth Third Bancorp. This transaction resulted in the elimination of the noncontrolling interest in MB Financial, Inc. which was previously reported in the Bancorp’s Condensed Consolidated Financial Statements. The newly issued shares of Class B preferred stock, Series A were recognized by the Bancorp at the carrying value previously assigned to the MB Financial, Inc. Series C preferred stock prior to the transaction. The acquisition of MB Financial, Inc. constituted a business combination and was accounted for under the acquisition method of accounting. Accordingly, the assets acquired, liabilities assumed and noncontrolling interest recognized were recorded at their estimated fair values as of the acquisition date. These fair value estimates are considered preliminary as of September 30, 2019. Fair value estimates, including loans and leases, intangible assets, deposits and goodwill, are subject to change for up to one year after the acquisition date as additional information becomes available. The following table reflects consideration paid and the noncontrolling interest recognized for MB Financial, Inc.’s net assets and the amounts of acquired identifiable assets and liabilities assumed at their estimated fair value as of the acquisition date: ($ in millions) Consideration paid Cash payments $ 469 Fair value of common stock issued 3,121 Stock-based awards 38 Dividend receivable from MB Financial, Inc. ( 20) Total consideration paid $ 3,608 Fair value of noncontrolling interest in acquiree $ 197 Net Identifiable Assets Acquired, at Fair Value: Assets Cash and due from banks $ 1,679 Federal funds sold 35 Other short-term investments 53 Available-for-sale debt and other securities 832 Held-to-maturity securities 4 Equity securities 51 Loans and leases held for sale 12 Portfolio loans and leases 13,409 (a) Bank premises and equipment 250 (a) Operating lease equipment 416 (a) Intangible assets 195 (a) Servicing rights 263 Other assets 723 (a) Total assets acquired $ 17,922 Liabilities Deposits $ 14,489 Other short-term borrowings 267 (a) Accrued taxes, interest and expenses 260 (a) Other liabilities 196 (a) Long-term debt 720 (a) Total liabilities assumed $ 15,932 Net identifiable assets acquired 1,990 Goodwill $ 1,815 (a) Fair values have been updated from the estimates reported in the March 31, 2019 Form 10-Q. In connection with the acquisition, the Bancorp recognized approximately $ 1.8 billion of goodwill, of which $ 15 million relates to 15-year tax deductible goodwill from MB Financial, Inc.’s prior acquisitions. See Note 11 for further information on goodwill recognized and Note 12 for further information on intangible assets acquired in the acquisition of MB Financial, Inc. The following is a description of the methods used to determine the estimated fair values of significant assets and liabilities presented above. Cash and due from banks and other short-term investments For financial instruments with a short-term or no stated maturity, prevailing market rates and limited credit risk, carrying amounts approximate fair value. Available-for-sale debt and other securities, held-to-maturity securities and equity securities Fair values for securities were based on quoted market prices, where available. If quoted market prices were not available, fair value estimates were based on observable inputs including quoted market prices for similar instruments, quoted market prices that are not in an active market or other inputs that are observable in the market. In the absence of observable inputs, fair value was estimated based on pricing models and/or DCF methodologies. Loans and leases held for sale and portfolio loans and leases Fair values for loans were based on a DCF methodology that considered factors including the type of loan and related collateral, fixed or variable interest rate, remaining term, credit quality ratings or scores, amortization status and current discount rates. Loans with similar characteristics were pooled together when applying various valuation techniques. The discount rates used for loans were based on an evaluation of current market rates for new originations of comparable loans and a market participant’s required rate of return to purchase similar assets, including adjustments for liquidity and credit quality when necessary. For PCI loans, the DCF methodology was based on the Bancorp’s estimate of contractual cash flows expected to be collected. Bank premises and equipment Fair values for bank premises and equipment were generally based on appraisals of the property values. Operating lease equipment Fair values for operating lease equipment were generally developed using the cost approach. The seller’s historical cost was adjusted by cost trend indices relevant to the asset type and vintage to arrive at a current reproduction cost. This reproduction cost was then adjusted for deterioration based on the age and typical life of each class of assets. Residual values were estimated based on analysis of the seller’s historical trends of residual value realization by asset class. Intangible assets The core deposit intangible asset represents the value of relationships with deposit customers. The fair value was estimated based on a DCF methodology that considered expected customer attrition rates, net maintenance cost of the deposit base, alternative cost of funds and the interest costs associated with customer deposits. The core deposit intangible is being amortized on an accelerated basis over its estimated useful life. Servicing rights Fair values for servicing rights were estimated using internal option-adjusted spread models with certain unobservable inputs, primarily prepayment speed assumptions, option-adjusted spread and weighted-average lives. Other assets Fair values for ROU assets associated with real estate operating leases were based on current market rental rates for similar properties in the same area, discounted at the Bancorp’s incremental borrowing rates as of the acquisition date. Estimates of current market rental rates were generally based on third-party market rent studies performed for each significant property. Deposits The fair values for time deposits were estimated using a DCF methodology whereby the contractual remaining cash flows were discounted using market rates currently being offered for time deposits of similar maturities. For transactional deposits, carrying amounts approximate fair value. Long-term debt The fair values of long-term debt instruments were estimated based on quoted market prices for identical or similar instruments if available, or by using DCF analyses based on current incremental borrowing rates for similar types of instruments. Merger-Related Expenses Direct merger-related expenses related to the acquisition of MB Financial, Inc. were expensed as incurred by the Bancorp and amounted to $ 28 million and $ 213 million for the three and nine months ended September 30, 2019, respectively. The following table provides a summary of merger-related expenses recorded in noninterest expense: For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Salaries, wages and incentives $ 14 - 85 - Employee benefits - - 3 - Technology and communications 8 - 68 - Net occupancy expense 3 - 10 - Card and processing expense - - 1 - Equipment expense - - 1 - Other noninterest expense 3 1 45 3 Total $ 28 1 213 3 Pro Forma Information The following table presents unaudited pro forma information as if the acquisition of MB Financial, Inc. had occurred on January 1, 2018. This pro forma information combines the historical condensed consolidated results of operations of Fifth Third Bancorp and MB Financial, Inc. after giving effect to certain adjustments, including purchase accounting fair value adjustments, amortization of intangibles, stock-based compensation expense and acquisition costs, as well as the related income tax effects of those adjustments. The pro forma results also reflect reclassification adjustments to noninterest income and noninterest expense to conform MB Financial, Inc.’s presentation of operating lease income and the related depreciation expense with the Bancorp's presentation. Direct costs associated with the acquisition are included in pro forma earnings as of January 1, 2018. The pro forma information does not necessarily reflect the results of operations that would have occurred had Fifth Third Bancorp acquired MB Financial, Inc. on January 1, 2018. Furthermore, cost savings and other business synergies related to the acquisition are not reflected in the unaudited pro forma amounts. Unaudited Pro Forma Information Unaudited Pro Forma Information For the three months ended September 30, For the nine months ended September 30, ($ in millions) 2019 2018 2019 2018 Net interest income $ 1,222 1,214 3,692 3,583 Noninterest income 738 661 2,600 2,514 Net income attributable to common shareholders 513 469 1,824 1,743 Acquired Loans and Leases Purchased loans are evaluated for evidence of credit deterioration at acquisition and recorded at their initial fair value. Generally, the fair value discount or premium on acquired loans and leases is amortized over the contractual life of the loan as an adjustment to yield. For loans acquired with evidence of credit impairment (PCI loans), the Bancorp determined at the acquisition date the excess of the loan’s contractually required payments over all cash flows expected to be collected as an amount that should not be accreted into interest income (nonaccretable difference). The remaining amount representing the difference in the expected cash flows of acquired loans and the initial investment in the acquired loans is accreted into interest income over the remaining life of the loan or pool of loans (accretable yield). This method of accounting for loans acquired with credit impairment does not apply to loans carried at fair value, residential mortgage loans held for sale and loans under revolving credit agreements. 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, 2018 for additional information on the accounting for PCI loans. The Bancorp has elected to account for loans acquired from MB Financial, Inc., which were not considered impaired but exhibited evidence of credit deterioration since origination, in the same manner as PCI loans. The following table reflects the contractually required payments receivable, cash flows expected to be collected and estimated fair value of loans identified as PCI loans on the acquisition date of MB Financial, Inc. These fair value estimates are considered preliminary as of September 30, 2019. ($ in millions) March 22, 2019 Contractually required payments including interest $ 1,139 Less: Nonaccretable difference 81 Cash flows expected to be collected 1,058 Less: Accretable yield 202 Fair value of loans acquired $ 856 A summary of activity related to accretable yield is as follows: ($ in millions) Accretable Yield Balance as of December 31, 2018 $ - Additions 202 Accretion ( 30) Reclassifications (to) from nonaccretable difference ( 2) Balance as of September 30, 2019 $ 170 As of September 30, 2019, contractual balances on the purchased PCI loans and leases totaled $ 872 million with a corresponding carry value of $ 637 million. At the MB Financial, Inc. acquisition date, contractual balances on the purchased non-PCI loans and leases totaled $ 12.7 billion with a corresponding fair value of $ 12.5 billion. Bank Merger On May 3, 2019 MB Financial Bank, N.A. merged with and into Fifth Third Bank, with Fifth Third Bank as the surviving entity. Fifth Third Bank is a subsidiary of Fifth Third Bancorp.

Accounting and Reporting Develo

Accounting and Reporting Developments	9 Months Ended
	Sep. 30, 2019
Accounting and Reporting Developments
Accounting and Reporting Developments	4. Accounting and Reporting Developments Standards Adopted in 2019 The Bancorp adopted the following new accounting standards effective January 1, 2019: ASU 2016-02 – Leases (Topic 842) In February 2016, the FASB issued ASU 2016-02 which establishes a new accounting model for leases. The amended guidance requires lessees to record lease liabilities on the lessees’ balance sheets along with corresponding right-of-use assets for all leases with terms longer than 12 months. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the lessee’s statements of income. From a lessor perspective, the accounting model is largely unchanged, except that the amended guidance includes certain targeted improvements to align, where necessary, lessor accounting with the lessee accounting model and the revenue recognition guidance in ASC Topic 606. The amendments also modify disclosure requirements for an entity’s lease arrangements. Subsequent to the issuance of ASU 2016-02, the FASB has issued additional guidance to clarify certain implementation issues and provide transition relief in certain circumstances including ASUs 2018-01 (Land Easement Practical Expedient, issued in January 2018), 2018-10 (Codification Improvements, issued in July 2018), 2018-11 (Targeted Improvements, also issued in July 2018), 2018-20 (Narrow-Scope Improvements for Lessors, issued in December 2018) and 2019-01 (Codification Improvements, issued in March 2019). These subsequent amendments do not change the core principles in the original ASU, but do provide an additional optional transition method which is to initially apply the amended guidance at the adoption date and record a cumulative-effect adjustment to opening retained earnings without retrospective application to prior comparative periods. Entities not electing to use this optional transition method must apply the amended guidance on a modified retrospective basis to all periods presented. The Bancorp adopted the amended guidance on January 1, 2019, using the optional transition method. The Bancorp initially applied the new standard by recognizing a cumulative-effect adjustment to the opening balance of retained earnings on the adoption date without restating the prior comparative periods. As part of the adoption, the Bancorp has elected certain accounting policies as allowed under the ASU. The Bancorp elected the practical expedients package provided within the new standard, which among other things, permitted the Bancorp not to reassess the lease classification of existing leases. The Bancorp also elected not to use hindsight in evaluating the lease term. Additionally, the Bancorp elected to not recognize ROU assets and lease liabilities for leases with an initial term of 12 months or less on the Condensed Consolidated Balance Sheets and elected a practical expedient, by class of underlying asset, to not separate nonlease components from the associated lease component and instead, to account for them as a single lease component. Upon adoption on January 1, 2019, the Bancorp recognized additional ROU assets and lease liabilities of $ 509 million related to its operating lease commitments based on the present value of unpaid lease payments as of the date of adoption and also recorded a cumulative-effect adjustment to retained earnings of $ 10 million for the remaining deferred gains on sale-leaseback transactions that occurred prior to January 1, 2019. From a lessor perspective, adoption of the amended guidance did not have a material impact on the Bancorp’s Condensed Consolidated Financial Statements at transition. The required disclosures are included in Note 6, Note 9 and Note 10. ASU 2017-08 – Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities In March 2017, the FASB issued ASU 2017-08 which shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. The Bancorp adopted the amended guidance on January 1, 2019 on a modified retrospective basis. The adoption did not have a material impact on the Condensed Consolidated Financial Statements. Standards Issued but Not Yet Adopted The following accounting standards were issued but not yet adopted by the Bancorp as of September 30, 2019: ASU 2016-13 – Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued ASU 2016-13 which establishes a new approach to estimate credit losses on certain types of financial instruments. The new approach changes the impairment model for most financial assets, and will require the use of an “expected credit loss” model for financial instruments measured at amortized cost and certain other instruments. This model applies to trade and other receivables, loans, debt securities, net investments in leases, and off-balance sheet credit exposures (such as loan commitments, standby letters of credit, and financial guarantees not accounted for as insurance). This model requires entities to estimate the lifetime expected credit loss on such instruments and record an allowance that represents the portion of the amortized cost basis that the entity does not expect to collect. This allowance is deducted from the financial asset’s amortized cost basis to present the net amount expected to be collected. The new expected credit loss model will also apply to purchased financial assets with credit deterioration, superseding current accounting guidance for such assets. The amended guidance also amends the impairment model for available-for-sale debt securities, requiring entities to determine whether all or a portion of the unrealized loss on such securities is a credit loss, and also eliminating the option for management to consider the length of time a security has been in an unrealized loss position as a factor in concluding whether or not a credit loss exists. The amended model states that an entity will recognize an allowance for credit losses on available-for-sale debt securities as a contra account to the amortized cost basis, instead of a direct reduction of the amortized cost basis of the investment, as under current guidance. As a result, entities will recognize improvements to estimated credit losses on available-for-sale debt securities immediately in earnings as opposed to in interest income over time. There are also additional disclosure requirements included in this guidance. The amended guidance is effective for the Bancorp on January 1, 2020. Early adoption is permitted, but the Bancorp will adopt on the mandatory effective date. The amended guidance is to be applied on a modified retrospective basis with the cumulative effect of initially applying the amendments recognized in retained earnings at the date of initial application. However, certain provisions of the guidance are only required to be applied on a prospective basis. The FASB has established a Transition Resource Group for Credit Losses to evaluate implementation issues arising from the amended guidance and make recommendations to the FASB on which issues may warrant the issuance of additional clarifying guidance. The Bancorp continues to monitor the issues discussed by the Transition Resource Group and the recommended amendments proposed to the FASB as part of its implementation analysis. As a result of continued deliberation and recommendations from the Transition Resource Group, the FASB has issued additional ASUs containing clarifying guidance, transition relief provisions and minor updates to the original ASU. These include ASU 2018-19 (issued in November 2018), ASU 2019-04 (issued in April 2019) and ASU 2019-05 (issued in May 2019). The Bancorp has considered the guidance in these ASUs as part of its ongoing implementation analysis. The Bancorp’s implementation process includes data sourcing and validation, loss model development, development of governance processes over economic forecasting, development of a qualitative framework, evaluation of technical accounting topics, updates to allowance policies and methodology documentation, development of reporting processes and related internal controls and overall operational readiness for adoption of the amended guidance, which will continue throughout 2019, including parallel runs for the expected credit loss accounting model alongside the Bancorp’s current ALLL process. The Bancorp is in the process of validating and implementing models used to estimate credit losses under the amended guidance and expects to complete the validation process for its loan models during 2019. Based on the composition and credit quality of its investment securities portfolio as of September 30, 2019, the Bancorp does not currently expect adoption of the amendments related to investment securities to have a material impact on the Condensed Consolidated Financial Statements. The Bancorp provides updates to senior leadership, the Audit Committee and the Risk and Compliance Committee of the Board of Directors. These communications provide an update on the status of the implementation project plan and any identified risks. ASU 2017-04 – Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-04 which simplifies the test for goodwill impairment by removing the second step, which measures the amount of impairment loss, if any. Instead, the amended guidance states that an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, except that the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. This would apply to all reporting units, including those with zero or negative carrying amounts of net assets. The amended guidance is effective for the Bancorp on January 1, 2020, with early adoption permitted, and is to be applied prospectively to all goodwill impairment tests performed after the adoption date. ASU 2018-13 – Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU 2018-13 which modifies the disclosure requirements for fair value measurements. The amendments remove the requirements to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for the timing of transfers between levels and the valuation processes for Level 3 fair value measurements. The amendments also add new disclosure requirements regarding unrealized gains and losses from recurring Level 3 fair value measurements and the significant unobservable inputs used to develop Level 3 fair value measurements. The amended guidance is effective for the Bancorp on January 1, 2020 with early adoption permitted. Certain of the amendments are to be applied prospectively while others are to be applied retrospectively. Also, early adoption of the removed and modified disclosure requirements is permitted before adoption of the newly added requirements. The Bancorp plans to adopt the amended guidance effective January 1, 2020 and will conform to the amended disclosure requirements in the Bancorp’s first quarter of 2020 Form 10-Q. ASU 2018-15 – Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract In August 2018, the FASB issued ASU 2018-15 which provides guidance on the accounting for implementation, setup, and other upfront costs incurred by customers in cloud computing arrangements that are accounted for as service contracts. The amendments require that implementation costs be evaluated for capitalization using the framework applicable to costs incurred to develop or obtain internal-use software. Those capitalized costs are to be expensed over the term of the cloud computing arrangement and presented in the same financial statement line items as the service contract and its associated fees. The amended guidance is effective for the Bancorp on January 1, 2020, with early adoption permitted, and may be applied either retrospectively or prospectively. The Bancorp plans to adopt the amended guidance on January 1, 2020 and to apply the amendments prospectively.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2019
Securities
Securities	5. 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 investment securities portfolios as of: Amortized Unrealized Unrealized Fair September 30, 2019 ($ in millions) Cost Gains Losses Value Available-for-sale debt and other securities: U.S. Treasury and federal agency securities $ 74 1 - 75 Obligations of states and political subdivisions securities 2 - - 2 Mortgage-backed securities: Agency residential mortgage-backed securities 15,185 510 ( 1) 15,694 Agency commercial mortgage-backed securities 14,451 826 ( 1) 15,276 Non-agency commercial mortgage-backed securities 3,246 154 - 3,400 Asset-backed securities and other debt securities 2,129 37 ( 10) 2,156 Other securities (a) 575 - - 575 Total available-for-sale debt and other securities $ 35,662 1,528 ( 12) 37,178 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 16 - - 16 Asset-backed securities and other debt securities 2 - - 2 Total held-to-maturity securities $ 18 - - 18 Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $ 96, $ 477 and $ 2, respectively, at September 30, 2019, that are carried at cost. Amortized Unrealized Unrealized Fair December 31, 2018 ($ in millions) Cost Gains Losses Value Available-for-sale debt and other securities: U.S. Treasury and federal agency securities $ 98 - ( 1) 97 Obligations of states and political subdivisions securities 2 - - 2 Mortgage-backed securities: Agency residential mortgage-backed securities 16,403 86 ( 242) 16,247 Agency commercial mortgage-backed securities 10,770 44 ( 164) 10,650 Non-agency commercial mortgage-backed securities 3,305 9 ( 47) 3,267 Asset-backed securities and other debt securities 1,998 27 ( 10) 2,015 Other securities (a) 552 - - 552 Total available-for-sale debt and other securities $ 33,128 166 ( 464) 32,830 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 16 - - 16 Asset-backed securities and other debt securities 2 - - 2 Total held-to-maturity securities $ 18 - - 18 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $184, $366 and $2, respectively, at December 31, 2018, that are carried at cost. The following table provides the fair value of trading debt securities and equity securities as of: September 30, December 31, ($ in millions) 2019 2018 Trading debt securities $ 297 287 Equity securities 459 452 The Bancorp uses investment securities as a means of managing interest rate risk, providing collateral for pledging purposes and for liquidity to satisfy regulatory requirements. As part of managing interest rate risk, the Bancorp acquires securities as a component of its MSR non-qualifying hedging strategy, with net gains or losses recorded in securities gains (losses), net – non-qualifying hedges on MSRs in the Condensed Consolidated Statements of Income. The following table presents securities gains (losses) recognized in the Condensed Consolidated Statements of Income: For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Available-for-sale debt and other securities: Realized gains $ 3 4 51 61 Realized losses - ( 4) ( 47) ( 69) OTTI - - ( 1) - Net realized gains (losses) on available-for sale debt and other securities $ 3 - 3 ( 8) Total trading debt securities gains (losses) $ - ( 1) 5 ( 18) Total equity securities gains (losses) (a) $ 2 ( 6) 27 ( 13) Total gains (losses) recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (b) $ 5 ( 7) 35 ( 39) Includes an immaterial net unrealized gain and a net unrealized gain of $ 23 for the three and nine months ended September 30, 2019, respectively, and net unrealized losses of $ 6 and $ 12 for the three and nine months ended September 30, 2018, respectively. Excludes an insignificant amount of securities gains (losses) included in corporate banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income related to securities held by FTS to facilitate the timely execution of customer transactions. At September 30, 2019 and December 31, 2018, investment securities with a fair value of $ 7.4 billion and $ 7.0 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 investment securities as of September 30, 2019 are shown in the following table: Available-for-Sale Debt and Other Held-to-Maturity ($ in millions) Amortized Cost Fair Value Amortized Cost Fair Value Debt securities: (a) Less than 1 year $ 197 207 2 2 1-5 years 13,391 13,817 14 14 5-10 years 16,568 17,390 - - Over 10 years 4,931 5,189 2 2 Other securities 575 575 - - Total $ 35,662 37,178 18 18 (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 Unrealized Unrealized Unrealized ($ in millions) Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2019 Agency residential mortgage-backed securities $ 121 ( 1) 4 - 125 ( 1) Agency commercial mortgage-backed securities 134 ( 1) - - 134 ( 1) Asset-backed securities and other debt securities 453 ( 6) 196 ( 4) 649 ( 10) Total $ 708 ( 8) 200 ( 4) 908 ( 12) December 31, 2018 U.S. Treasury and federal agency securities $ - - 97 ( 1) 97 ( 1) Agency residential mortgage-backed securities 3,235 ( 21) 7,892 ( 221) 11,127 ( 242) Agency commercial mortgage-backed securities 2,022 ( 37) 5,260 ( 127) 7,282 ( 164) Non-agency commercial mortgage-backed securities 884 ( 6) 1,621 ( 41) 2,505 ( 47) Asset-backed securities and other debt securities 314 ( 6) 241 ( 4) 555 ( 10) Total $ 6,455 ( 70) 15,111 ( 394) 21,566 ( 464) At both September 30, 2019 and December 31, 2018, an immaterial amount of unrealized losses in the available-for-sale debt and other securities portfolio were represented by non-rated securities.

Loans and Leases

Loans and Leases	9 Months Ended
	Sep. 30, 2019
Loans and Leases Receivable
Loans and Leases	6. 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 acquired indirect motorcycle, powersport, recreational vehicle and marine loans in the acquisition of MB Financial, Inc. These loans are included in addition to automobile loans in the line item “indirect secured consumer loans”. The Bancorp maintains an allowance to absorb loan and lease losses inherent in the portfolio. For further information on credit quality and the ALLL, refer to Note 7. 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: September 30, December 31, ($ in millions) 2019 2018 Loans and leases held for sale: Commercial and industrial loans $ 86 67 Commercial mortgage loans - 3 Residential mortgage loans 1,137 537 Total loans and leases held for sale $ 1,223 607 Portfolio loans and leases: Commercial and industrial loans $ 50,768 44,340 Commercial mortgage loans 10,822 6,974 Commercial construction loans 5,281 4,657 Commercial leases 3,495 3,600 Total commercial loans and leases $ 70,366 59,571 Residential mortgage loans $ 16,675 15,504 Home equity 6,218 6,402 Indirect secured consumer loans 11,026 8,976 Credit card 2,467 2,470 Other consumer loans 2,657 2,342 Total consumer loans $ 39,043 35,694 Total portfolio loans and leases $ 109,409 95,265 Portfolio loans and leases are recorded net of unearned income, which totaled $ 404 million as of September 30, 2019 and $ 479 million as of December 31, 2018. Additionally, portfolio loans and leases, excluding PCI loans, 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 $ 202 million and $ 296 million as of September 30, 2019 and December 31, 2018, respectively. The Bancorp’s FHLB and FRB borrowings are generally secured by loans. The Bancorp had loans of $ 16.6 billion and $ 13.1 billion at September 30, 2019 and December 31, 2018, respectively, pledged at the FHLB, and loans of $ 48.1 billion and $ 42.6 billion at September 30, 2019 and December 31, 2018, respectively, pledged at the FRB. The following table presents a summary of the total loans and leases owned by the Bancorp as of: 90 Days Past Due Carrying Value and Still Accruing September 30, December 31, September 30, December 31, ($ in millions) 2019 2018 2019 2018 Commercial and industrial loans $ 50,854 44,407 15 4 Commercial mortgage loans 10,822 6,977 18 2 Commercial construction loans 5,281 4,657 1 - Commercial leases 3,495 3,600 1 - Residential mortgage loans 17,812 16,041 48 38 Home equity 6,218 6,402 - - Indirect secured consumer loans 11,026 8,976 10 12 Credit card 2,467 2,470 38 37 Other consumer loans 2,657 2,342 1 - Total loans and leases $ 110,632 95,872 132 93 Less: Loans and leases held for sale 1,223 607 Total portfolio loans and leases $ 109,409 95,265 The following table presents a summary of net charge-offs (recoveries): For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Commercial and industrial loans $ 29 28 67 102 Commercial mortgage loans - ( 1) ( 1) 3 Commercial construction loans - - - - Commercial leases 4 - 7 - Residential mortgage loans 1 2 1 6 Home equity 2 3 8 9 Indirect secured consumer loans 13 9 34 28 Credit card 33 21 101 72 Other consumer loans 17 10 39 27 Total net charge-offs $ 99 72 256 247 The Bancorp engages in commercial lease products primarily related to the financing of commercial equipment. Leases are classified as sales-type if the Bancorp transfers control of the underlying asset to the lessee. The Bancorp classifies leases that do not meet any of the criteria for a sales-type lease as a direct financing lease if the present value of the sum of the lease payments and any residual value guaranteed by the lessee and/or any other third party equals or exceeds substantially all of the fair value of the underlying asset and the collection of the lease payments and residual value guarantee is probable. The following table presents the components of the net investment in leases as of: ($ in millions) September 30, 2019 (a) Net investment in direct financing leases: Lease payment receivable (present value) $ 2,415 Unguaranteed residual assets (present value) 226 Net discount on acquired leases ( 6) Deferred selling profits - Net investment in sales-type leases: Lease payment receivable (present value) 357 Unguaranteed residual assets (present value) 11 Net discount on acquired leases - (a) Excludes $ 492 of leveraged leases at September 30, 2019. The following table presents the components of the commercial lease financing portfolio as of: ($ in millions) December 31, 2018 Rentals receivable, net of principal and interest on nonrecourse debt $ 3,256 Estimated residual value of leased assets 804 Initial direct cost, net of amortization 19 Gross investment in commercial lease financing 4,079 Unearned income ( 479) Net investment in commercial lease financing $ 3,600 Interest income recognized in the Condensed Consolidated Statements of Income for the three months and nine months ended September 30, 2019 was $ 22 million and $ 70 million, respectively, for direct financing leases and $ 4 million and $ 7 million, respectively, for sale-type leases. The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2019 through 2024 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows: Direct Financing Leases Sales-Type Leases As of September 30, 2019 ($ in millions) Remainder of 2019 $ 220 19 2020 693 81 2021 514 91 2022 433 73 2023 262 43 2024 184 33 Thereafter 274 63 Total undiscounted cash flows $ 2,580 403 Less: Difference between undiscounted cash flows and discounted cash flows 165 46 Present value of lease payments (recognized as lease receivables) $ 2,415 357 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. At September 30, 2019, the Bancorp maintained an allowance of $ 20 million to cover the inherent losses, including the potential losses related to the residual value, in the net investment in leases. Refer to Note 7 for additional information on credit quality and the ALLL. At December 31, 2018, the Bancorp maintained an allowance of $ 18 million to cover the losses related to the minimum lease payments. Any declines in residual value that were deemed to be other-than-temporary were recognized as a loss and included as a component of corporate banking revenue in the Condensed Consolidated Statements of Income.

Credit Quality and the Allowanc

Credit Quality and the Allowance for Loan and Lease Losses	9 Months Ended
	Sep. 30, 2019
Credit Quality and the Allowance for Loan and Leases Losses
Credit Quality and the Allowance for Loan and Lease Losses	7. 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: Residential For the three months ended September 30, 2019 ($ in millions) Commercial Mortgage Consumer Unallocated Total Balance, beginning of period $ 651 76 276 112 1,115 Losses charged-off (a) ( 34) ( 2) ( 94) - ( 130) Recoveries of losses previously charged-off (a) 1 1 29 - 31 Provision for loan and lease losses 53 - 72 2 127 Balance, end of period $ 671 75 283 114 1,143 (a) For the three months ended September 30, 2019, the Bancorp recorded $12 in losses charged-off and recoveries of losses charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. Residential For the three months ended September 30, 2018 ($ in millions) Commercial Mortgage Consumer Unallocated Total Balance, beginning of period $ 654 86 229 108 1,077 Losses charged-off (a) ( 36) ( 3) ( 73) - ( 112) Recoveries of losses previously charged-off (a) 9 1 30 - 40 Provision for (benefit from) loan and lease losses 29 ( 1) 57 1 86 Balance, end of period $ 656 83 243 109 1,091 (a) For the three months ended September 30, 2018, the Bancorp recorded $8 in losses charged-off and recoveries of losses charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. Residential For the nine months ended September 30, 2019 ($ in millions) Commercial Mortgage Consumer Unallocated Total Balance, beginning of period $ 645 81 267 110 1,103 Losses charged-off (a) ( 87) ( 5) ( 266) - ( 358) Recoveries of losses previously charged-off (a) 14 4 84 - 102 Provision for (benefit from) loan and lease losses 99 ( 5) 198 4 296 Balance, end of period $ 671 75 283 114 1,143 (a) For the nine months ended September 30, 2019, the Bancorp recorded $35 in losses charged-off and recoveries of losses charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. Residential For the nine months ended September 30, 2018 ($ in millions) Commercial Mortgage Consumer Unallocated Total Balance, beginning of period $ 753 89 234 120 1,196 Losses charged-off (a) ( 124) ( 10) ( 200) - ( 334) Recoveries of losses previously charged-off (a) 19 4 64 - 87 Provision for (benefit from) loan and lease losses 8 - 145 ( 11) 142 Balance, end of period $ 656 83 243 109 1,091 (a) For the nine months ended September 30, 2018, the Bancorp recorded $18 in losses charged-off and recoveries of losses charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment: Residential As of September 30, 2019 ($ in millions) Commercial Mortgage Consumer Unallocated Total ALLL: (a) Individually evaluated for impairment $ 53 58 36 - 147 Collectively evaluated for impairment 618 17 247 - 882 Unallocated - - - 114 114 Total ALLL $ 671 75 283 114 1,143 Portfolio loans and leases: (b) Individually evaluated for impairment $ 358 758 255 - 1,371 Collectively evaluated for impairment 69,427 15,695 22,095 - 107,217 Purchased credit impaired 581 38 18 - 637 Total portfolio loans and leases $ 70,366 16,491 22,368 - 109,225 (a) Includes $1 related to leveraged leases at September 30, 2019. (b) Excludes $184 of residential mortgage loans measured at fair value and includes $492 of leveraged leases, net of unearned income at September 30, 2019. Residential As of December 31, 2018 ($ in millions) Commercial Mortgage Consumer Unallocated Total ALLL: (a) Individually evaluated for impairment $ 42 61 38 - 141 Collectively evaluated for impairment 603 20 229 - 852 Unallocated - - - 110 110 Total ALLL $ 645 81 267 110 1,103 Portfolio loans and leases: (b) Individually evaluated for impairment $ 277 736 278 - 1,291 Collectively evaluated for impairment 59,294 14,589 19,912 - 93,795 Total portfolio loans and leases $ 59,571 15,325 20,190 - 95,086 (a) Includes $1 related to leveraged leases at December 31, 2018. (b) Excludes $179 of residential mortgage loans measured at fair value and includes $624 of leveraged leases, net of unearned income at December 31, 2018. CREDIT RISK PROFILE Commercial Portfolio Segment For purposes of analyzing historical loss rates used in the determination of the ALLL and 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, and for purposes of analyzing historical loss rates used in the determination of the ALLL for 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. The following tables summarize the credit risk profile of the Bancorp’s commercial portfolio segment, by class: Special As of September 30, 2019 ($ in millions) Pass Mention Substandard Doubtful Total Commercial and industrial loans $ 47,944 1,300 1,513 11 50,768 Commercial mortgage owner-occupied loans 4,419 152 197 - 4,768 Commercial mortgage nonowner-occupied loans 5,786 76 192 - 6,054 Commercial construction loans 5,192 42 47 - 5,281 Commercial leases 3,364 42 89 - 3,495 Total commercial loans and leases $ 66,705 1,612 2,038 11 70,366 Special As of December 31, 2018 ($ in millions) Pass Mention Substandard Doubtful Total Commercial and industrial loans $ 42,695 779 853 13 44,340 Commercial mortgage owner-occupied loans 3,122 23 139 - 3,284 Commercial mortgage nonowner-occupied loans 3,632 27 31 - 3,690 Commercial construction loans 4,657 - - - 4,657 Commercial leases 3,475 72 53 - 3,600 Total commercial loans and leases $ 57,581 901 1,076 13 59,571 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 is presented by class in the age analysis section while the performing versus nonperforming status is presented in the following table. Refer to the nonaccrual loans and leases section of Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2018 for additional delinquency and nonperforming information. The following table presents a summary of the Bancorp’s residential mortgage and consumer portfolio segments, by class, disaggregated into performing versus nonperforming status as of: September 30, 2019 December 31, 2018 ($ in millions) Performing Nonperforming Performing Nonperforming Residential mortgage loans (a) $ 16,469 22 15,303 22 Home equity 6,138 80 6,332 70 Indirect secured consumer loans 11,024 2 8,975 1 Credit card 2,440 27 2,444 26 Other consumer loans 2,655 2 2,341 1 Total residential mortgage and consumer loans (a) $ 38,726 133 35,395 120 (a) Excludes $ 184 and $ 179 of residential mortgage loans measured at fair value at September 30, 2019 and December 31, 2018, respectively. Age Analysis of Past Due Loans and Leases The following tables summarize the Bancorp’s recorded investment in portfolio loans and leases, by age and class: Current Past Due 90 Days Past Loans and 30-89 90 Days Total Total Loans Due and Still As of September 30, 2019 ($ in millions) Leases (b)(c) Days (c) or More (c) Past Due and Leases Accruing Commercial loans and leases: Commercial and industrial loans $ 50,504 131 133 264 50,768 15 Commercial mortgage owner-occupied loans 4,742 9 17 26 4,768 3 Commercial mortgage nonowner-occupied loans 6,025 13 16 29 6,054 15 Commercial construction loans 5,280 - 1 1 5,281 1 Commercial leases 3,479 2 14 16 3,495 1 Residential mortgage loans (a) 16,390 32 69 101 16,491 48 Consumer loans: Home equity 6,097 63 58 121 6,218 - Indirect secured consumer loans 10,892 120 14 134 11,026 10 Credit card 2,375 49 43 92 2,467 38 Other consumer loans 2,633 21 3 24 2,657 1 Total portfolio loans and leases (a) $ 108,417 440 368 808 109,225 132 (a) Excludes $ 184 of residential mortgage loans measured at fair value at September 30, 2019. (b) 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, 2019, $96 of these loans were 30-89 days past due and $274 were 90 days or more past due. The Bancorp recognized $1 of losses during both the three and nine months ended September 30, 2019 due to claim denials and curtailments associated with these insured or guaranteed loans. (c) Includes accrual and nonaccrual loans and leases. Current Past Due 90 Days Past Loans and 30-89 90 Days Total Total Loans Due and Still As of December 31, 2018 ($ in millions) Leases (b)(c) Days (c) or More (c) Past Due and Leases Accruing Commercial loans and leases: Commercial and industrial loans $ 44,213 32 95 127 44,340 4 Commercial mortgage owner-occupied loans 3,277 1 6 7 3,284 2 Commercial mortgage nonowner-occupied loans 3,688 1 1 2 3,690 - Commercial construction loans 4,657 - - - 4,657 - Commercial leases 3,597 1 2 3 3,600 - Residential mortgage loans (a) 15,227 37 61 98 15,325 38 Consumer loans: Home equity 6,280 71 51 122 6,402 - Indirect secured consumer loans 8,844 119 13 132 8,976 12 Credit card 2,381 47 42 89 2,470 37 Other consumer loans 2,323 17 2 19 2,342 - Total portfolio loans and leases (a) $ 94,487 326 273 599 95,086 93 (a) Excludes $179 of residential mortgage loans measured at fair value at December 31, 2018. (b) 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, 2018, $90 of these loans were 30-89 days past due and $195 were 90 days or more past due. The Bancorp recognized $1 and $4 of losses during the three and nine months ended September 30, 2018, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (c) Includes accrual and nonaccrual loans and leases. Impaired Portfolio Loans and Leases Larger commercial loans and leases included within aggregate borrower relationship balances exceeding $ 1 million that exhibit probable or observed credit weaknesses are subject to individual review for impairment. The Bancorp also performs an individual review on loans and leases that are restructured in a TDR. The Bancorp considers the current value of collateral, credit quality of any guarantees, the loan structure and other factors when evaluating whether an individual loan or lease is impaired. Other factors may include the geography and industry of the borrower, size and financial condition of the borrower, cash flow and leverage of the borrower and the Bancorp’s evaluation of the borrower’s management. Smaller-balance homogenous loans or leases that are collectively evaluated for impairment are not included in the following tables. The following tables summarize the Bancorp’s impaired portfolio loans and leases, by class, that were subject to individual review, which includes all portfolio loans and leases restructured in a TDR: Unpaid Principal Recorded As of September 30, 2019 ($ in millions) Balance Investment ALLL With a related ALLL: Commercial loans and leases: Commercial and industrial loans $ 257 178 44 Commercial mortgage owner-occupied loans 5 5 - Commercial mortgage nonowner-occupied loans 1 1 - Commercial leases 31 27 9 Restructured residential mortgage loans 451 448 58 Restructured consumer loans: Home equity 134 134 22 Indirect secured consumer loans 4 4 1 Credit card 46 44 13 Total impaired portfolio loans and leases with a related ALLL $ 929 841 147 With no related ALLL: Commercial loans: Commercial and industrial loans $ 129 121 - Commercial mortgage owner-occupied loans 21 20 - Commercial mortgage nonowner-occupied loans 3 3 - Commercial leases 3 3 - Restructured residential mortgage loans 328 310 - Restructured consumer loans: Home equity 73 72 - Indirect secured consumer loans 1 1 - Total impaired portfolio loans with no related ALLL $ 558 530 - Total impaired portfolio loans and leases $ 1,487 1,371 (a) 147 Includes $ 34, $ 748 and $ 210, respectively, of commercial, residential mortgage and consumer portfolio TDRs on accrual status and $ 235, $ 10 and $ 45, respectively, of commercial, residential mortgage and consumer portfolio TDRs on nonaccrual status at September 30, 2019. Unpaid Principal Recorded As of December 31, 2018 ($ in millions) Balance Investment ALLL With a related ALLL: Commercial loans and leases: Commercial and industrial loans $ 156 107 34 Commercial mortgage owner-occupied loans 2 2 1 Commercial mortgage nonowner-occupied loans 2 1 - Commercial leases 23 22 7 Restructured residential mortgage loans 465 462 61 Restructured consumer loans: Home equity 146 145 22 Indirect secured consumer loans 5 4 1 Credit card 47 44 15 Total impaired portfolio loans and leases with a related ALLL $ 846 787 141 With no related ALLL: Commercial loans: Commercial and industrial loans $ 137 125 - Commercial mortgage owner-occupied loans 9 9 - Commercial mortgage nonowner-occupied loans 11 11 - Restructured residential mortgage loans 292 274 - Restructured consumer loans: Home equity 85 83 - Indirect secured consumer loans 2 2 - Total impaired portfolio loans with no related ALLL $ 536 504 - Total impaired portfolio loans and leases $ 1,382 1,291 a (a) 141 (a) Includes $60, $724 and $237, respectively, of commercial, residential mortgage and consumer portfolio TDRs on accrual status and $147, $12 and $41, respectively, of commercial, residential mortgage and consumer portfolio TDRs on nonaccrual status at December 31, 2018. The following table summarizes the Bancorp’s average impaired portfolio loans and leases, by class, and interest income, by class: For the three months ended For the nine months ended September 30, 2019 September 30, 2019 Average Interest Average Interest Recorded Income Recorded Income ($ in millions) Investment Recognized Investment Recognized Commercial loans and leases: Commercial and industrial loans $ 329 2 294 6 Commercial mortgage owner-occupied loans 26 - 22 - Commercial mortgage nonowner-occupied loans 5 - 9 - Commercial leases 33 - 28 1 Restructured residential mortgage loans 751 7 742 22 Restructured consumer loans: Home equity 209 3 217 9 Indirect secured consumer loans 5 - 6 - Credit card 43 1 43 3 Total average impaired portfolio loans and leases $ 1,401 13 1,361 41 For the three months ended For the nine months ended September 30, 2018 September 30, 2018 Average Interest Average Interest Recorded Income Recorded Income ($ in millions) Investment Recognized Investment Recognized Commercial loans and leases: Commercial and industrial loans $ 313 3 408 13 Commercial mortgage owner-occupied loans 11 - 17 - Commercial mortgage nonowner-occupied loans 21 - 27 - Commercial leases 28 - 17 - Restructured residential mortgage loans 767 7 744 21 Restructured consumer loans: Home equity 239 3 248 9 Indirect secured consumer loans 7 - 8 - Credit card 44 1 44 3 Total average impaired loans and leases $ 1,430 14 1,513 46 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 and credit card loans which have not yet met the requirements to be classified as a performing asset; restructured consumer loans which are 90 days past due based on the restructured terms unless the loan is both well-secured and in the process of collection; and certain other assets, including OREO and other repossessed property. The following table presents the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of: September 30, December 31, ($ in millions) 2019 2018 Commercial loans and leases: Commercial and industrial loans $ 293 193 Commercial mortgage owner-occupied loans 24 11 Commercial mortgage nonowner-occupied loans 2 2 Commercial leases 30 22 Total nonaccrual portfolio commercial loans and leases 349 228 Residential mortgage loans 22 22 Consumer loans: Home equity 80 69 Indirect secured consumer loans 2 1 Credit card 27 27 Other consumer loans 2 1 Total nonaccrual portfolio consumer loans 111 98 Total nonaccrual portfolio loans and leases (a)(b) $ 482 348 OREO and other repossessed property 37 47 Total nonperforming portfolio assets (a)(b) $ 519 395 (a) Excludes $13 and $16 of nonaccrual loans held for sale at September 30, 2019 and December 31, 2018, respectively. (b) Includes $15 and $6 of nonaccrual government insured commercial loans whose repayments are insured by the SBA at September 30, 2019 and December 31, 2018, respectively, of which $10 and $2 are restructured nonaccrual government insured commercial loans at September 30, 2019 and December 31, 2018, respectively. The Bancorp’s recorded investment 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 $ 200 million and $ 153 million as of September 30, 2019 and December 31, 2018, respectively. Troubled Debt Restructurings If a borrower is experiencing financial difficulty, the Bancorp may consider, in certain circumstances, modifying the terms of their loan to maximize collection of amounts due. 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 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, 2018 for information on the Bancorp’s ALLL methodology. Upon modification of a loan, the Bancorp measures the related impairment as 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 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, the cash flows on the modified loan, using the pre-modification interest rate as the discount rate, often exceed the recorded investment of the loan. Conversely, upon a modification that reduces the stated interest rate on a loan, the Bancorp recognizes an impairment loss as 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. 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 $ 46 million and $ 59 million, respectively, as of September 30, 2019 compared with $ 24 million and $ 67 million, respectively, as of December 31, 2018. The following tables provide a summary of loans and leases, by class, modified in a TDR by the Bancorp during the three months ended: Recorded Investment Increase Number of Loans in Loans Modified (Decrease) Charge-offs Modified in a TDR in a TDR to ALLL Upon Recognized Upon September 30, 2019 ($ in millions) (a) During the Period (b) During the Period Modification Modification Commercial loans: Commercial and industrial loans 27 $ 72 ( 1) - Commercial mortgage owner-occupied loans 4 1 - - Residential mortgage loans 256 39 1 - Consumer loans: Home equity 21 1 - - Indirect secured consumer loans 27 - - - Credit card 1,467 8 2 1 Total portfolio loans 1,802 $ 121 2 1 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. (b) Represents number of loans post-modification and excludes loans previously modified in a TDR. Recorded Investment (Decrease) Number of Loans in Loans Modified Increase Charge-offs Modified in a TDR in a TDR to ALLL Upon Recognized Upon September 30, 2018 ($ in millions) (a) During the Period (b) During the Period Modification Modification Commercial loans: Commercial and industrial loans 16 $ 52 ( 7) 7 Residential mortgage loans 185 24 1 - Consumer loans: Home equity 30 2 - - Indirect secured consumer loans 25 - - - Credit card 1,547 8 2 - Total portfolio loans 1,803 $ 86 ( 4) 7 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. (b) 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: Recorded Investment (Decrease) Number of Loans in Loans Modified Increase Charge-offs Modified in a TDR in a TDR to ALLL Upon Recognized Upon September 30, 2019 ($ in millions) (a) During the Period (b) During the Period Modification Modification Commercial loans: Commercial and industrial loans 65 $ 168 ( 15) 5 Commercial mortgage owner-occupied loans 13 10 - - Residential mortgage loans 531 74 1 - Consumer loans: Home equity 58 3 - - Indirect secured consumer loans 65 - - - Credit card 4,250 24 6 3 Total portfolio loans 4,982 $ 279 ( 8) 8 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. (b) Represents number of loans post-modification and excludes loans previously modified in a TDR. Recorded Investment Number of Loans in Loans and Leases Increase Charge-offs Modified in a TDR Modified in a TDR to ALLL Upon Recognized Upon September 30, 2018 ($ in millions) (a) During the Period (b) During the Period Modification Modification Commercial loans and leases: Commercial and industrial loans 41 $ 187 2 7 Commercial mortgage owner-occupied loans 2 - - - Residential mortgage loans 969 148 4 - Consumer loans: Home equity 84 6 - - Indirect secured consumer loans 64 - - - Credit card 5,187 27 6 1 Total portfolio loans 6,347 $ 368 12 8 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. (b) 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 review for impairment, loss rates that are applied for purposes of determining the ALLL include historical losses associated with subsequent defaults on loans previously modified in a TDR. For consumer loans, the Bancorp performs a qualitative assessment of the adequacy of the consumer ALLL by comparing the consumer ALLL to forecasted consumer losses over the projected loss emergence period (the forecasted losses include the impact of subsequent defaults of consumer TDRs). When a residential mortgage, home equity, indirect secured consumer loan 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 potential impairment loss is generally limited to the expected net proceeds from the sale of the loan’s underlying collateral and any resulting impairment loss is reflected as a charge-off or an increase in ALLL. The Bancorp recognizes an ALLL for the entire balance of the credit card loans modified in a TDR that subsequently default. The following tables provide a summary of TDRs that subsequently defaulted during the three months ended September 30, 2019 and 2018 and were within 12 months of the restructuring date: Number of Recorded September 30, 2019 ($ in millions) (a) Contracts Investment Commercial loans: Commercial and industrial loans 1 $ 3 Commercial mortgage owner-occupied loans 2 - Residential mortgage loans 67 10 Consumer loans: Home equity 7 - Credit card 69 - Total portfolio loans 146 $ 13 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. Number of Recorded September 30, 2018 ($ in millions) (a) Contracts Investment Commercial loans: Commercial and industrial loans 5 $ 32 Residential mortgage loans 28 4 Consumer loans: Home equity 4 - Credit card 146 1 Total portfolio loans 183 $ 37 (a) Excludes all loans and leases 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, 2019 and 2018 and were within twelve months of the restructuring date: Number of Recorded September 30, 2019 ($ in millions) (a) Contracts Investment Commercial loans: Commercial and industrial loans 8 $ 20 Commercial mortgage owner-occupied loans 4 1 Residential mortgage loans 196 30 Consumer loans: Home equity 12 - Credit card 605 3 Total portfolio loans 825 $ 54 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. Number of Recorded September 30, 2018 ($ in millions) (a) Contracts Investment Commercial loans: Commercial and industrial loans 8 $ 61 Commercial mortgage owner-occupied loans 2 - Residential mortgage loans 138 24 Consumer loans: Home equity 6 - Credit card 525 3 Total portfolio loans 679 $ 88 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool.

Bank Premises and Equipment

Bank Premises and Equipment	9 Months Ended
	Sep. 30, 2019
Bank Premises and Equipment
Bank Premises and Equipment	8. Bank Premises and Equipment The following table provides a summary of bank premises and equipment as of: ($ in millions) September 30, 2019 December 31, 2018 Land and improvements (a) $ 640 586 Buildings (a) 1,552 1,547 Equipment 2,095 1,987 Leasehold improvements 415 403 Construction in progress (a) 98 81 Bank premises and equipment held for sale: Land and improvements 50 25 Buildings 32 14 Equipment 5 3 Accumulated depreciation and amortization ( 2,834) ( 2,785) Total bank premises and equipment $ 2,053 1,861 (a) At September 30, 2019 and December 31, 2018, land and improvements, buildings and construction in progress included $ 60 and $ 55, respectively, associated with parcels of undeveloped land intended for future branch expansion. 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 branches at certain of its existing banking center 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. During the second quarter of 2018, the Bancorp adopted a plan to close approximately 100 to 125 branches over the next three years (the “2018 Branch Optimization Plan”). As of September 30, 2019, the Bancorp expects the total number of branch closures under the 2018 Branch Optimization Plan to be approximately 125 branches of which 65 branches have already been closed and an additional 4 branches are expected to close in the fourth quarter of 2019, 30 branches have been identified for closure in 2020 and the Bancorp expects to identify the remaining branches to be closed under the 2018 Branch Optimization Plan in 2020 with expected closure dates in 2021. As a result of the MB Financial, Inc. acquisition, the Bancorp identified 46 branches in the Chicago market that it planned to close. Of these locations, 45 were closed in the third quarter of 2019 and the 46 th 11 other non-branch locations with a fair value, less cost to sell, of $ 10 million that were acquired from MB Financial, Inc. and are classified as held for sale by the Bancorp. 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 $ 5 million and immaterial for the three months ended September 30, 2019 and 2018, respectively. Impairment losses associated with such assessments and lower of cost or market adjustments were $27 million and $41 million for the nine months ended September 30, 2019 and 2018, respectively. For the nine months ended September 30, 2019, impairment charges included $ 14 million associated with Fifth Third branches in the Chicago market that have been assessed for impairment as a result of the MB Financial, Inc. acquisition. 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, 2019
Operating Lease Equipment
Operating Lease Equipment	9. Operating Lease Equipment Operating lease equipment was $ 869 million and $ 518 million at September 30, 2019 and December 31, 2018, respectively. Lease income relating to lease payments for operating leases was $ 44 million and $ 20 million for the three months ended September 30, 2019 and 2018, respectively and $ 110 million and $ 65 million for the nine months ended September 30, 2019 and 2018, 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 impairment losses associated with operating lease assets for both the three months and nine months ended September 30, 2019 and recognized $ 2 million and $ 4 million of impairment losses for the three and nine months ended September 30, 2018, respectively. The recognized impairment losses were recorded in corporate banking revenue in the Condensed Consolidated Statements of Income. The following table presents undiscounted future lease payments for operating leases for the remainder of 2019 through 2024 and thereafter: Undiscounted Cash Flows As of September 30, 2019 ($ in millions) Remainder of 2019 $ 41 2020 143 2021 114 2022 85 2023 61 2024 36 Thereafter 62 Total operating lease payments $ 542

Lease Obligations - Lessee

Lease Obligations - Lessee	9 Months Ended
	Sep. 30, 2019
Lessee Disclosure [Abstract]
Lease Obligations - Lessee	10. Lease Obligations - Lessee The Bancorp leases certain banking centers, ATM sites, land for owned buildings and equipment. Substantially all of the Bancorp’s leases include options to renew and the exercise of lease renewal options is at the Bancorp’s discretion. At the lease commencement date, the Bancorp assesses whether it is reasonably certain to exercise the renewal option by considering all economic factors relevant to the contract. If the Bancorp is reasonably certain to exercise the option, the renewal period is included in the lease term in measuring the right-of-use asset and lease liability at the commencement of the lease. The Bancorp’s lease agreements typically do not contain any residual value guarantees or any material restrictive covenants. The Bancorp has elected not to recognize leases with an initial term of 12 months or less (“short-term leases”) on the Condensed Consolidated Balance Sheets. The Bancorp recognizes lease costs associated with operating leases in the Condensed Consolidated Statements of Income on a straight-line basis over the remaining lease term unless there is another systematic and rational basis that better reflects how the benefits of the underlying asset are consumed over the lease term. Variable lease payments associated with operating leases are recognized in the period in which the obligation for those payments is incurred. After the commencement of a finance lease, the Bancorp measures its lease liability by using the effective interest method such that the liability is increased for interest based on the discount rate that is implicit in the lease, or the Bancorp’s incremental borrowing rate if the implicit rate cannot be readily determined, offset by a decrease in the liability resulting from the periodic lease payments. The right-of-use asset associated with a finance lease is amortized on a straight-line basis unless there is another systematic and rational basis that better reflects how the benefits of the underlying asset are consumed over the lease term. The period over which the right-of-use asset is amortized is generally the lesser of the remaining lease term or the remaining useful life of the leased asset. Variable lease payments associated with finance leases are recognized in the period in which the obligation for those payments is incurred. The following table provides a summary of lease assets and lease liabilities as of: ($ in millions) Condensed Consolidated Balance Sheets Caption September 30, 2019 Assets Operating lease right-of-use assets Other assets $ 462 Finance lease right-of-use assets Bank premises and equipment 25 Total right-of-use assets (a) $ 487 Liabilities Operating lease liabilities Accrued taxes, interest and expenses $ 543 Finance lease liabilities Long-term debt 26 Total lease liabilities $ 569 (a) Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $ 57 and $ 25 as of September 30, 2019, respectively. The following table presents the components of lease costs: For the three months ended September 30, 2019 For the nine months ended September 30, 2019 ($ in millions) Condensed Consolidated Statements of Income Caption Lease costs: Amortization of right-of-use assets Net occupancy and equipment expense $ 2 5 Interest on lease liabilities Interest on long-term debt - - Total finance lease costs $ 2 5 Operating lease cost Net occupancy expense $ 25 72 Short-term lease cost Net occupancy expense - - Variable lease cost Net occupancy expense 7 23 Sublease income Net occupancy expense ( 1) ( 3) Total operating lease costs $ 31 92 Total lease costs $ 33 97 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 $ 5 million and $ 12 million of impairment losses and termination charges for the ROU assets related to certain operating leases for the three and nine months ended September 30, 2019, respectively. The recognized impairment 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 2019 through 2024 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities as follows: Operating Leases Finance Leases As of September 30, 2019 ($ in millions) Total Remainder of 2019 $ 25 2 27 2020 88 6 94 2021 77 5 82 2022 72 4 76 2023 63 1 64 2024 55 1 56 Thereafter 258 14 272 Total undiscounted cash flows $ 638 33 671 Less: Difference between undiscounted cash flows and discounted cash flows 95 7 102 Present value of lease liabilities $ 543 26 569 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: September 30, 2019 Weighted-average remaining lease term (years): Operating leases 9.35 Finance leases 11.35 Weighted-average discount rate: Operating leases 3.24 % Finance leases 4.78 The following table presents information related to lease transactions for the nine months ended: ($ in millions) September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 72 Operating cash flows from finance leases 1 Financing cash flows from finance leases 3 Gains on sale and leaseback transactions 5 (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, 2019
Goodwill
Goodwill	11. 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. On March 22, 2019 the Bancorp completed its acquisition of MB Financial, Inc. In connection with the acquisition, the Bancorp recorded $ 1.8 billion of goodwill. The estimated fair value of assets acquired, liabilities assumed and noncontrolling interest recognized are considered preliminary as of September 30, 2019 and are subject to change for up to one year after the acquisition date as additional information becomes available. The amount of goodwill recognized and the allocation to the Bancorp’s reporting units are also considered preliminary and subject to change for up to one year from the acquisition date. The Bancorp completed its annual goodwill impairment test as of September 30, 2019 and the estimated fair values of the Commercial Banking, Branch 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, 2019 and the year ended December 31, 2018 were as follows: Wealth General Commercial Branch Consumer and Asset Corporate ($ in millions) Banking Banking Lending Management and Other Total Goodwill $ 1,363 1,655 215 177 - 3,410 Accumulated impairment losses ( 750) - ( 215) - - ( 965) Net carrying value as of December 31, 2017 $ 613 1,655 - 177 - 2,445 Acquisition activity 17 - - 16 - 33 Net carrying value as of December 31, 2018 $ 630 1,655 - 193 - 2,478 Acquisition activity 1,352 399 - 64 - 1,815 Sale of business - - - ( 3) - ( 3) Net carrying value as of September 30, 2019 $ 1,982 2,054 - 254 - 4,290

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2019
Intangible Assets
Intangible Assets	12. Intangible Assets Intangible assets consist of core deposit intangibles, customer relationships, 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. On March 22, 2019, the Bancorp completed its acquisition of MB Financial, Inc. In connection with the acquisition, the Bancorp recorded a $ 195 million core deposit intangible asset with a weighted-average amortization period of 7.2 years. The fair value of the core deposit intangible is subject to change as additional information becomes available. The details of the Bancorp’s intangible assets are shown in the following table: Gross Carrying Accumulated Net Carrying ($ in millions) Amount Amortization Amount As of September 30, 2019 Core deposit intangibles $ 229 ( 57) 172 Customer relationships 29 ( 5) 24 Non-compete agreements 13 ( 11) 2 Other 4 ( 1) 3 Total intangible assets $ 275 ( 74) 201 As of December 31, 2018 Core deposit intangibles $ 34 ( 30) 4 Customer relationships 32 ( 3) 29 Non-compete agreements 14 ( 11) 3 Other 7 ( 3) 4 Total intangible assets $ 87 ( 47) 40 As of September 30, 2019, all of the Bancorp’s intangible assets were being amortized. Amortization expense recognized on intangible assets was $ 14 million and $ 2 million for the three months ended September 30, 2019 and 2018, respectively, and $ 31 million and $ 4 million for the nine months ended September 30, 2019 and 2018, respectively. The Bancorp's projection of amortization expense shown in the following table is based on existing balances as of September 30, 2019. Future amortization expense may vary from these projections. Estimated amortization expense for the remainder of 2019 through 2023 is as follows: ($ in millions) Total Remainder of 2019 $ 14 2020 48 2021 40 2022 32 2023 24

VIE

VIE	9 Months Ended
	Sep. 30, 2019
Variable Interest Entities
Variable Interest Entities	13. 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 following tables provide a summary of the classifications of consolidated VIE assets, liabilities and noncontrolling interests included in the Condensed Consolidated Balance Sheets for automobile loan securitizations as of: ($ in millions) September 30, 2019 December 31, 2018 Assets: Other short-term investments $ 76 40 Indirect secured consumer loans 1,543 668 ALLL ( 9) ( 4) Other assets 11 5 Total assets $ 1,621 709 Liabilities: Other liabilities $ 3 1 Long-term debt 1,438 606 Total liabilities $ 1,441 607 Automobile loan securitizations In a securitization transaction that occurred in May of 2019, the Bancorp transferred $ 1.43 billion in aggregate automobile loans to a bankruptcy remote trust which was deemed to be a VIE. This trust then subsequently issued approximately $ 1.37 billion of asset-backed notes, of which approximately $ 68 million were retained by the Bancorp. Refer to Note 17 for further information. The Bancorp also has previously completed securitization transactions in which the Bancorp transferred certain consumer automobile loans to bankruptcy remote trusts which were deemed to be VIEs. In each of these securitization transactions, the primary purposes of the VIEs were to issue asset-backed securities with varying levels of credit subordination and payment priority, as well as residual interests, and to provide the Bancorp with access to liquidity for its originated loans. The Bancorp retained residual interests in the VIEs and, therefore, has an obligation to absorb losses and a right to receive benefits from the VIEs that could potentially be significant to the VIEs. In addition, the Bancorp retained servicing rights for the underlying loans and, therefore, holds the power to direct the activities of the VIEs that most significantly impact the economic performance of the VIEs. As a result, the Bancorp concluded that it is the primary beneficiary of the VIEs and has consolidated these VIEs. The assets of the VIEs are restricted to the settlement of the asset-backed securities and other obligations of the VIEs. The third-party holders of the asset-backed notes do not have recourse to the general assets of the Bancorp. The economic performance of the VIEs is most significantly impacted by the performance of the underlying loans. The principal risks to which the VIEs are exposed include credit risk and prepayment risk. The credit and prepayment risks are managed through credit enhancements in the form of reserve accounts, overcollateralization, excess interest on the loans and the subordination of certain classes of asset-backed securities to other classes. Non-consolidated VIEs The following tables provide a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets related to non-consolidated VIEs for which the Bancorp holds an interest, but is not the primary beneficiary of the VIE, as well as the Bancorp’s maximum exposure to losses associated with its interests in the entities as of: Total Total Maximum September 30, 2019 ($ in millions) Assets Liabilities Exposure CDC investments $ 1,424 440 1,424 Private equity investments 84 - 161 Loans provided to VIEs 2,628 - 3,979 Lease pool entities 66 - 66 Total Total Maximum December 31, 2018 ($ in millions) Assets Liabilities Exposure CDC investments $ 1,198 376 1,198 Private equity investments 41 - 73 Loans provided to VIEs 2,331 - 3,617 CDC investments CDC, a wholly-owned indirect subsidiary of the Bancorp, was created to invest in projects to create affordable housing, revitalize business and residential areas and preserve historic landmarks. CDC generally co-invests with other unrelated companies and/or individuals and typically makes investments in a separate legal entity that owns the property under development. The entities are usually formed as limited partnerships and LLCs and CDC typically invests as a limited partner/investor member in the form of equity contributions. As a limited partner/investor member, the Bancorp has no substantive kick-out or substantive participating rights over the managing member. 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, 2018. 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. At both September 30, 2019 and December 31, 2018, the Bancorp’s CDC investments included $ 1.1 billion of investments in affordable housing tax credits recognized in other assets in the Condensed Consolidated Balance Sheets. The unfunded commitments related to these investments were $ 440 million and $ 374 million at September 30, 2019 and December 31, 2018, respectively. The unfunded commitments as of September 30, 2019 are expected to be funded from 2019 to 2035. 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 For the three months ended September 30, For the nine months ended September 30, ($ in millions) Statements of Income Caption (a) 2019 2018 2019 2018 Proportional amortization Applicable income tax expense $ 31 35 105 118 Tax credits and other benefits Applicable income tax expense ( 35) ( 44) ( 122) ( 146) 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, 2019 and 2018. Private equity investments The Bancorp invests as a limited partner in private equity investments which provide the Bancorp an opportunity to obtain higher rates of return on invested capital, while also creating cross-selling opportunities for the Bancorp’s commercial products. Each of the limited partnerships has an unrelated third-party general partner responsible for appointing the fund manager. The Bancorp has not been appointed fund manager for any of these private equity investments. The funds finance primarily all of their activities from the partners’ capital contributions and investment returns. The Bancorp has determined that it is not the primary beneficiary of the funds because it does not have the obligation to absorb the funds’ expected losses or the right to receive the funds’ expected residual returns that could potentially be significant to the funds and lacks the power to direct the activities that most significantly impact the economic performance of the funds. The Bancorp, as a limited partner, does not have substantive participating or substantive kick-out rights over the general partner. Therefore, the Bancorp accounts for its investments in these limited partnerships under the equity method of accounting. The Bancorp is exposed to losses arising from the negative performance of the underlying investments in the private equity investments. As a limited partner, the Bancorp’s maximum exposure to loss is limited to the carrying amounts of the investments plus unfunded commitments. The carrying amounts of these investments, which are included in other assets in the Condensed Consolidated Balance Sheets, are included in the previous tables. Also, at September 30, 2019 and December 31, 2018, the unfunded commitment amounts to the funds were $ 77 million and $ 32 million, respectively. As part of previous commitments, the Bancorp made capital contributions to private equity investments of $ 2 million and $ 1 million during the three months ended September 30, 2019 and 2018, respectively, and $ 9 million and $ 6 million during the nine months ended September 30, 2019 and 2018, respectively. The Bancorp did not recognize OTTI associated with certain nonconforming investments affected by the Volcker Rule during both the three months ended September 30, 2019 and 2018, respectively, and recognized zero and $ 8 million during the nine months ended September 30, 2019 and 2018, respectively. Refer to Note 25 for further information. 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 6. As of September 30, 2019 and December 31, 2018, the Bancorp’s unfunded commitments to these entities were $ 1.4 billion and $ 1.3 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 As a result of the acquisition of MB Financial, Inc., the Bancorp co-invested with other unrelated leasing companies in three LLCs designed for the purpose of purchasing pools of residual interests in leases which have been originated or purchased by the other investing member. For each LLC, the leasing company is the managing member and has full authority over the day-to-day operations of the entity. While the Bancorp holds more than 50% of the equity interests in each LLC, the operating agreements require both members to consent to significant corporate actions, such as liquidating the entity or removing the manager. In addition, the Bancorp has a preference with regards to distributions such that all of the Bancorp’s equity contribution for each pool must be distributed, plus a pre-defined rate of return, before the other member may receive distributions. The leasing company is also entitled to the return of its investment plus a pre-defined rate of return before any residual profits are distributed to the members. The lease pool entities are primarily subject to risk of losses on the lease residuals purchased. The Bancorp has determined that it is not the primary beneficiary of these VIEs because it does not have the power to direct the activities that most significantly impact the economic performance of the entities. This power is held by the leasing company, who as managing member controls the servicing of the leases and collection of the proceeds on the residual interests.

Sales of Receivables and Servic

Sales of Receivables and Servicing Rights	9 Months Ended
	Sep. 30, 2019
Sales of Receivables and Servicing Rights
Sales of Receivables and Servicing Rights	14. Sales of Receivables and Servicing Rights Residential Mortgage Loan Sales The Bancorp sold fixed and adjustable-rate residential mortgage loans during both the three and nine months ended September 30, 2019 and 2018. 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 September 30, September 30, ($ in millions) 2019 2018 2019 2018 Residential mortgage loan sales (a) $ 2,397 1,446 5,212 3,919 Origination fees and gains on loan sales 64 25 126 77 Gross mortgage servicing fees 71 56 196 162 Represents the unpaid principal balance at the time of the sale. Servicing Rights The Bancorp measures all of its servicing rights at fair value with changes in fair value reported in mortgage banking net revenue in the Condensed Consolidated Statements of Income. The following table presents changes in the servicing rights related to residential mortgage loans for the nine months ended September 30: ($ in millions) 2019 2018 Balance, beginning of period $ 938 858 Servicing rights originated - residential mortgage loans 99 62 Servicing rights acquired - residential mortgage loans 26 82 Servicing rights obtained in acquisition - residential mortgage loans 263 - Changes in fair value: Due to changes in inputs or assumptions (a) ( 294) 103 Other changes in fair value (b) ( 122) ( 95) Balance, end of period $ 910 1,010 Primarily reflects changes in prepayment speed and OAS spread assumptions which are updated based on market interest rates. Primarily reflects changes due to collection of contractual 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 spreads, 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 September 30, September 30, ($ in millions) 2019 2018 2019 2018 Securities gains (losses), net - non-qualifying hedges on MSRs $ - ( 1) 5 ( 18) Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio (a) 130 ( 24) 308 ( 89) MSR fair value adjustment due to changes in inputs or assumptions (a) ( 120) 25 ( 294) 103 (a) Included in mortgage banking net revenue in the Condensed Consolidated Statements of Income. The key economic assumptions used in measuring the interests in 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, 2019 and 2018 were as follows: September 30, 2019 September 30, 2018 Rate Weighted-Average Life (in years) Prepayment Speed (annual) OAS Spread (bps) Weighted-Average Life (in years) Prepayment Speed (annual) OAS Spread (bps) Residential mortgage loans: Servicing rights Fixed 5.5 13.7 % 543 6.5 11.1 % 517 Servicing rights Adjustable - - - 3.3 23.7 700 Based on historical credit experience, expected credit losses for residential mortgage loan servicing rights have been deemed immaterial, as the Bancorp sold the majority of the underlying loans without recourse. At September 30, 2019 and December 31, 2018, the Bancorp serviced $ 82.7 billion and $ 63.2 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. At September 30, 2019, 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 spread are as follows: Prepayment OAS Speed Assumption Spread Assumption OAS Spread Impact of Weighted- Impact of Adverse Change Adverse Change Fair Average Life on Fair Value on Fair Value ($ in millions) (a) Rate Value (in years) Rate 10% 20% 50% (bps) 10% 20% Residential mortgage loans: Servicing rights Fixed $ 899 4.7 15.4 % $ ( 32) ( 62) ( 143) 619 $ ( 18) ( 36) Servicing rights Adjustable 11 3.4 23.4 ( 1) ( 1) ( 3) 914 - - (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 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, 2019
Derivative Financial Instruments
Derivative Financial Instruments	15. 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, 2019 and December 31, 2018, the balance of collateral held by the Bancorp for derivative assets was $ 1.1 billion and $ 481 million, respectively. For derivative contracts cleared through certain central clearing parties who have modified their rules to treat variation margin payments as settlement of the derivative contract, the payments for variation margin of $ 748 million and $ 249 million were applied to reduce the respective derivative contracts and were also not included in the total amount of collateral held as of September 30, 2019 and December 31, 2018, respectively. As of September 30, 2019 and December 31, 2018, the credit component negatively impacting the fair value of derivative assets associated with customer accommodation contracts was $ 21 million and $ 3 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 September 30, 2019 and December 31, 2018, the balance of collateral posted by the Bancorp for derivative liabilities was $ 241 million and $ 551 million, respectively. Additionally, as of September 30, 2019 and December 31, 2018, $ 528 million and $ 23 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 September 30, 2019 and December 31, 2018, 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 Notional Derivative Derivative September 30, 2019 ($ in millions) Amount Assets Liabilities Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 2,705 459 3 Total fair value hedges 459 3 Cash flow hedges: Interest rate floors related to C&I loans 3,000 156 - Interest rate swaps related to C&I loans 8,000 - 72 Total cash flow hedges 156 72 Total derivatives designated as qualifying hedging instruments 615 75 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives - risk management and other business purposes: Interest rate contracts related to MSR portfolio 6,420 178 12 Forward contracts related to residential mortgage loans held for sale 2,693 3 5 Swap associated with the sale of Visa, Inc. Class B Shares 2,834 - 146 Total free-standing derivatives - risk management and other business purposes 181 163 Free-standing derivatives - customer accommodation: Interest rate contracts (a) 71,511 727 169 Interest rate lock commitments 1,096 24 - Commodity contracts 8,144 368 353 TBA securities 28 - - Foreign exchange contracts 13,924 182 151 Total free-standing derivatives - customer accommodation 1,301 673 Total derivatives not designated as qualifying hedging instruments 1,482 836 Total $ 2,097 911 Derivative assets and liabilities are presented net of variation margin of $ 36 and $ 621, respectively. Fair Value Notional Derivative Derivative December 31, 2018 ($ in millions) Amount Assets Liabilities Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 3,455 262 2 Total fair value hedges 262 2 Cash flow hedges: Interest rate floors related to C&I loans 3,000 69 - Interest rate swaps related to C&I loans 8,000 15 27 Total cash flow hedges 84 27 Total derivatives designated as qualifying hedging instruments 346 29 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives - risk management and other business purposes: Interest rate contracts related to MSR portfolio 10,045 40 14 Forward contracts related to residential mortgage loans held for sale 926 - 8 Swap associated with the sale of Visa, Inc. Class B Shares 2,174 - 125 Foreign exchange contracts 133 4 - Total free-standing derivatives - risk management and other business purposes 44 147 Free-standing derivatives - customer accommodation: Interest rate contracts 55,012 262 278 Interest rate lock commitments 407 7 - Commodity contracts 6,511 307 278 TBA securities 18 - - Foreign exchange contracts 13,205 148 142 Total free-standing derivatives - customer accommodation 724 698 Total derivatives not designated as qualifying hedging instruments 768 845 Total $ 1,114 874 Fair Value Hedges The Bancorp may enter into interest rate swaps to convert its fixed-rate funding to floating-rate. Decisions to convert fixed-rate funding to floating are made primarily through consideration of the asset/liability mix of the Bancorp, the desired asset/liability sensitivity and interest rate levels. As of September 30, 2019, 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, 2019, that were not accounted for under the shortcut method of accounting, the Bancorp performed an assessment of hedge effectiveness using regression analysis with changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk recorded in the same income statement line in current period net income. The following table reflects the change in fair value of interest rate contracts, designated as fair value hedges, as well as the change in fair value of the related hedged items attributable to the risk being hedged, included in the Condensed Consolidated Statements of Income: For the three months For the nine months Condensed Consolidated ended September 30, ended September 30, ($ in millions) Statements of Income Caption 2019 2018 2019 2018 Change in fair value of interest rate swaps hedging long-term debt Interest on long-term debt $ 75 ( 29) 219 ( 110) Change in fair value of hedged long-term debt attributable to the risk being hedged Interest on long-term debt ( 74) 31 ( 214) 113 The following amounts were recorded in the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of: Condensed Consolidated ($ in millions) Balance Sheets Caption September 30, 2019 Carrying amount of the hedged items Long-term debt $ 3,455 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Long-term debt ( 467) 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, 2019, all hedges designated as cash flow hedges were assessed for effectiveness using either regression analysis (quantitative approach) or a qualitative approach. 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, 2019, the maximum length of time over which the Bancorp is hedging its exposure to the variability in future cash flows is 63 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, 2019 and December 31, 2018, $ 519 million and $ 160 million, respectively, of net deferred gains, net of tax, on cash flow hedges were recorded in AOCI in the Condensed Consolidated Balance Sheets. As of September 30, 2019, $ 10 million in net unrealized gains, net of tax, recorded in AOCI are expected to be reclassified into earnings during the next 12 months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations and the addition of other hedges subsequent to September 30, 2019. During the three and nine months ended September 30, 2019 and 2018, 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 pretax net gains (losses) 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 September 30, September 30, ($ in millions) 2019 2018 2019 2018 Amount of pretax net gains (losses) recognized in OCI $ 105 ( 25) 456 ( 31) Amount of pretax net gains (losses) reclassified from OCI into net income 5 ( 2) 2 ( 2) 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 mortgage-LIBOR spread because these swaps appreciate in value as a result of tightening spreads. Principal-only swaps also provide prepayment protection by increasing in value when prepayment speeds increase, as opposed to MSRs that lose value in a faster prepayment environment. Receive fixed/pay floating interest rate swaps and swaptions increase in value when interest rates do not increase as quickly as expected. The Bancorp enters into forward contracts and mortgage options to economically hedge the change in fair value of certain residential mortgage loans held for sale due to changes in interest rates. IRLCs issued on residential mortgage loan commitments that will be held for sale are also considered free-standing derivative instruments and the interest rate exposure on these commitments is economically hedged primarily with forward contracts. Revaluation gains and losses from free-standing derivatives related to mortgage banking activity are recorded as a component of mortgage banking net revenue in the Condensed Consolidated Statements of Income. In conjunction with the sale of Visa, Inc. Class B Shares in 2009, the Bancorp entered into a total return swap in which the Bancorp will make or receive payments based on subsequent changes in the conversion rate of the Class B Shares into Class A Shares. This total return swap is accounted for as a free-standing derivative. Refer to Note 25 for further discussion of significant inputs and assumptions used in the valuation of this instrument. 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: For the three months For the nine months Condensed Consolidated ended September 30, ended September 30, ($ in millions) Statements of Income Caption 2019 2018 2019 2018 Interest rate contracts: Forward contracts related to residential mortgage loans held for sale Mortgage banking net revenue $ 11 7 6 4 Interest rate contracts related to MSR portfolio Mortgage banking net revenue 130 ( 24) 308 ( 89) Foreign exchange contracts: Foreign exchange contracts for risk management purposes Other noninterest income 2 ( 1) ( 3) 3 Equity contracts: Swap associated with sale of Visa, Inc. Class B Shares Other noninterest income ( 11) ( 17) ( 63) ( 66) 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 corporate 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. As of September 30, 2019 and December 31, 2018, the total notional amount of the risk participation agreements was $ 4.3 billion and $ 4.0 billion, respectively, and the fair value was a liability of $ 9 million and $ 8 million at September 30, 2019 and December 31, 2018, respectively, which is included in other liabilities in the Condensed Consolidated Balance Sheets. As of September 30, 2019, the risk participation agreements had a weighted-average remaining life of 3.5 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: September 30, December 31, ($ in millions) 2019 2018 Pass $ 4,188 3,919 Special mention 144 79 Substandard 13 4 Total $ 4,345 4,002 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: For the three months For the nine months Condensed Consolidated ended September 30, ended September 30, ($ in millions) Statements of Income Caption 2019 2018 2019 2018 Interest rate contracts: Interest rate contracts for customers (contract revenue) Corporate banking revenue $ 12 7 30 23 Interest rate contracts for customers (credit portion of fair value adjustment) Other noninterest expense ( 5) - ( 18) - Interest rate lock commitments Mortgage banking net revenue 50 17 108 52 Commodity contracts: Commodity contracts for customers (contract revenue) Corporate banking revenue 3 3 6 7 Commodity contracts for customers (credit portion of fair value adjustment) Other noninterest expense - - - ( 1) Foreign exchange contracts: Foreign exchange contracts for customers (contract revenue) Corporate banking revenue 12 16 36 43 Foreign exchange contracts for customers (contract revenue) Other noninterest income 7 3 15 8 Foreign exchange contracts for customers (credit portion of fair value adjustment) Other noninterest expense - - - 1 Offsetting Derivative Financial Instruments The Bancorp’s derivative transactions are generally governed by ISDA Master Agreements and similar arrangements, which include provisions governing the setoff of assets and liabilities between the parties. When the Bancorp has more than one outstanding derivative transaction with a single counterparty, the setoff provisions contained within these agreements generally allow the non-defaulting party the right to reduce its liability to the defaulting party by amounts eligible for setoff, including the collateral received as well as eligible offsetting transactions with that counterparty, irrespective of the currency, place of payment or booking office. The Bancorp’s policy is to present its derivative assets and derivative liabilities on the Condensed Consolidated Balance Sheets on a gross basis, even when provisions allowing for setoff are in place. However, for derivative contracts cleared through certain central clearing parties who have modified their rules to treat variation margin payments as settlements, the fair value of the respective derivative contracts are reported net of the variation margin payments. Collateral amounts included in the tables below consist primarily of cash and highly-rated government-backed securities and do not include variation margin payments for derivative contracts with legal rights of setoff for both periods shown. The following tables provide a summary of offsetting derivative financial instruments: Gross Amount Gross Amounts Not Offset in the Recognized in the Condensed Consolidated Balance Sheets Condensed Consolidated As of September 30, 2019 ($ in millions) Balance Sheets (a) Derivatives Collateral (b) Net Amount Assets: Derivatives $ 2,073 ( 550) ( 630) 893 Total assets 2,073 ( 550) ( 630) 893 Liabilities: Derivatives 911 ( 550) ( 18) 343 Total liabilities $ 911 ( 550) ( 18) 343 (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. Gross Amount Gross Amounts Not Offset in the Recognized in the Condensed Consolidated Balance Sheets Condensed Consolidated As of December 31, 2018 ($ in millions) Balance Sheets (a) Derivatives Collateral (b) Net Amount Assets: Derivatives $ 1,107 ( 410) ( 348) 349 Total assets 1,107 ( 410) ( 348) 349 Liabilities: Derivatives 874 ( 410) ( 123) 341 Total liabilities $ 874 ( 410) ( 123) 341 (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, 2019
Other Short Term Borrowings
Other Short Term Borrowings	16. 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: September 30, December 31, ($ in millions) 2019 2018 FHLB advances $ 2,850 - Derivative collateral 602 271 Securities sold under repurchase agreements 594 302 Total other short-term borrowings $ 4,046 573 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, 2019 and December 31, 2018, all securities sold under repurchase agreements were secured by agency residential mortgage-backed securities and the repurchase agreements have an overnight remaining contractual maturity.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2019
Long-Term Debt
Long-Term Debt	17. Long-Term Debt On January 25, 2019, the Bancorp issued and sold $ 1.5 billion of 3.65% senior fixed-rate notes, with a maturity of five years, due on January 25, 2024. These notes will be redeemable by the Bancorp, in whole or in part, on or after the date that is 30 days prior to the maturity date at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest up to, but excluding, the redemption date. On February 1, 2019, Fifth Third Bank issued and sold, under its bank notes program, $ 300 million of senior floating-rate notes, with a maturity of three years, due on February 1, 2022. Interest on the floating-rate notes is 3-month LIBOR plus 64 bps. These notes will be redeemable by Fifth Third Bank, in whole or in part, on or after the date that is 30 days prior to the maturity date at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest up to, but excluding, the redemption date. In a securitization transaction that occurred in May of 2019, the Bancorp transferred $ 1.43 billion in aggregate automobile loans to a bankruptcy remote trust which subsequently issued approximately $ 1.37 billion of asset-backed notes, of which approximately $ 68 million of the asset-backed notes were retained by the Bancorp, resulting in approximately $ 1.3 billion of outstanding notes included in long-term debt in the Condensed Consolidated Balance Sheets. Additionally, as previously discussed in Note 13, the bankruptcy remote trust was deemed to be a VIE and the Bancorp, as the primary beneficiary, consolidated the VIE. The third-party holders of the asset-backed notes do not have recourse to the general assets of the Bancorp. For further information on a subsequent event related to long-term debt, refer to Note 27.

Capital Actions

Capital Actions	9 Months Ended
	Sep. 30, 2019
Capital Actions
Capital Actions	18. Capital Actions Accelerated Share Repurchase Transactions During the nine months ended September 30, 2019, the Bancorp entered into and settled accelerated share repurchase transactions. As part of these transactions, the Bancorp entered into forward contracts in which the final number of shares delivered at settlement was based generally on a discount to the average daily volume weighted-average price of the Bancorp’s common stock during the term of these repurchase agreements. The accelerated share repurchases were treated as two separate transactions, (i) the acquisition of treasury shares on the repurchase date and (ii) a forward contract indexed to the Bancorp's common stock. The following table presents a summary of the Bancorp's accelerated share repurchase transactions which were entered into and settled during the nine months ended September 30, 2019: Repurchase Dates Amount ($ in millions) Shares Repurchased on Repurchase Date Shares Received from Forward Contract Settlement Total Shares Repurchased Settlement Dates March 27, 2019 (a) $ 913 31,779,280 2,026,584 33,805,864 June 28, 2019 April 29, 2019 (b) 200 6,015,570 1,217,805 7,233,375 May 23, 2019 - May 24, 2019 August 7, 2019 100 3,150,482 694,238 3,844,720 August 16, 2019 August 9, 2019 (b) 200 6,405,426 1,475,487 7,880,913 August 28, 2019 (a) This accelerated share repurchase transaction consisted of two supplemental confirmations each with a notional amount of $456.5 million. (b) This accelerated share repurchase transaction consisted of two supplemental confirmations each with a notional amount of $100 million. Open Market Share Repurchase Transactions Between July 29, 2019 and July 30, 2019, the Bancorp entered into repurchase transactions of 1,667,735 shares, or $ 50 million, of its outstanding common stock through the open market, which settled between July 31, 2019 and August 1, 2019. Preferred Stock Offerings On August 26, 2019, the Bancorp issued 200,000 shares of 6.00% non-cumulative perpetual Class B preferred stock, Series A. Each preferred share has a $ 1,000 liquidation preference. These shares were issued to the holders of MB Financial, Inc.’s 6.00% non-cumulative perpetual preferred stock, Series C, in conjunction with the merger of MB Financial, Inc. with and into Fifth Third Bancorp. This transaction resulted in the elimination of the noncontrolling interest in MB Financial, Inc. which was previously reported in the Bancorp’s Condensed Consolidated Financial Statements. The newly issued shares of Class B preferred stock, Series A were recognized by the Bancorp at the carrying value previously assigned to the MB Financial, Inc. Series C preferred stock prior to the transaction. On September 17, 2019, the Bancorp issued in a registered public offering 10,000,000 depositary shares, representing , 10000 shares of 4.95% non-cumulative perpetual preferred stock, Series K, for net proceeds of approximately $ 242 million. Each preferred share has a $ 25,000 liquidation preference. Subject to any required regulatory approval, the Bancorp may redeem the Series K preferred shares at its option (i) in whole or in part, on any dividend payment date on or after September 30, 2024 and (ii) in whole, but not in part, at any time following a regulatory capital event. The Series K preferred shares are not convertible into Bancorp common shares or any other securities. For further information on a subsequent event related to capital actions, refer to Note 27.

Commitments, Contingent Liabili

Commitments, Contingent Liabilities and Guarantees	9 Months Ended
	Sep. 30, 2019
Commitments, Contingent Liabilities and Guarantees
Commitments, Contingent Liabilities and Guarantees	19. 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: September 30, December 31, ($ in millions) 2019 2018 Commitments to extend credit $ 79,076 70,415 Letters of credit 2,219 2,041 Forward contracts related to residential mortgage loans held for sale 2,693 926 Purchase obligations 114 126 Capital commitments for private equity investments 77 32 Capital expenditures 85 45 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, 2019 and December 31, 2018, the Bancorp had a reserve for unfunded commitments, including letters of credit, totaling $ 154 million and $ 131 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 system 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: September 30, December 31, ($ in millions) 2019 2018 Pass $ 78,124 69,928 Special mention 474 271 Substandard 477 216 Doubtful 1 - Total commitments to extend credit $ 79,076 70,415 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, 2019: ($ in millions) Less than 1 year (a) $ 1,124 1 - 5 years (a) 1,056 Over 5 years 39 Total letters of credit $ 2,219 (a) Includes $ 1 and $ 5 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire less than 1 year and between 1 - 5 years, respectively. Standby letters of credit accounted for approximately % of total letters of credit at both September 30, 2019 and December 31, 2018, and are considered guarantees in accordance with U.S. GAAP. Approximately 63% and 60% of the total standby letters of credit were collateralized as of September 30, 2019 and December 31, 2018, 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 $ 28 million and $ 17 million at September 30, 2019 and December 31, 2018, respectively. The Bancorp monitors the credit risk associated with letters of credit using the same standard regulatory risk rating system 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: September 30, December 31, ($ in millions) 2019 2018 Pass $ 2,075 1,905 Special mention 11 10 Substandard 132 126 Doubtful 1 - Total letters of credit $ 2,219 2,041 At September 30, 2019 and December 31, 2018, 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, 2019 and December 31, 2018, total VRDNs in which the Bancorp was the remarketing agent or were supported by a Bancorp letter of credit were $ 408 million and $ 487 million, respectively, of which FTS acted as the remarketing agent to issuers on $ 405 million and $ 481 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 $ 215 million and $ 256 million of the VRDNs remarketed by FTS, in addition to $ 3 million and $ 6 million in VRDNs remarketed by third parties at September 30, 2019 and December 31, 2018, respectively. These letters of credit are included in the total letters of credit balance provided in the previous table. The Bancorp held zero and $ 9 million of these VRDNs in its portfolio and classified them as trading securities at September 30, 2019 and December 31, 2018, 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 20 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, 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, 2018. As of September 30, 2019 and December 31, 2018, the Bancorp maintained reserves related to loans sold with representation and warranty provisions totaling $ 7 million and $ 6 million, respectively, included in other liabilities in the Condensed Consolidated Balance Sheets. The Bancorp uses the best information available when estimating its mortgage representation and warranty reserve; however, the estimation process is inherently uncertain and imprecise and, accordingly, losses in excess of the amounts reserved as of September 30, 2019 are reasonably possible. The Bancorp currently estimates that it is reasonably possible that it could incur losses related to mortgage representation and warranty provisions in an amount up to approximately $ 11 million in excess of amounts reserved. This estimate was derived by modifying the key assumptions to reflect management's judgment regarding reasonably possible adverse changes to those assumptions. The actual repurchase losses could vary significantly from the recorded mortgage representation and warranty reserve or this estimate of reasonably possible losses, depending on the outcome of various factors, including those previously discussed. For both the three months ended September 30, 2019 and 2018, the Bancorp paid an immaterial amount in the form of make whole payments and repurchased $ 7 million and $ 4 million, respectively, in outstanding principal of loans to satisfy investor demands. For both the nine months ended September 30, 2019 and 2018, the Bancorp paid an immaterial amount in the form of make whole payments and repurchased $ 20 million and $ 11 million, respectively, in outstanding principal of loans to satisfy investor demands. Total repurchase demand requests during the three months ended September 30, 2019 and 2018 were $ 10 million and $ 6 million, respectively. Total repurchase demand requests during the nine months ended September 30, 2019 and 2018 were $ 38 million and $ 17 million, respectively. Total outstanding repurchase demand inventory was $ 5 million and $ 1 million at September 30, 2019 and December 31, 2018, respectively. The following table summarizes activity in the reserve for representation and warranty provisions: For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Balance, beginning of period $ 7 7 6 9 Net additions (reductions) to the reserve - ( 1) 1 ( 3) Balance, end of period $ 7 6 7 6 The following tables provide a rollforward of unresolved claims by claimant type for the nine months ended: GSE Private Label September 30, 2019 ($ in millions) Units Dollars Units Dollars Balance, beginning of period 9 $ 1 1 $ - New demands 213 38 7 - Loan paydowns/payoffs ( 3) - - - Resolved demands ( 194) ( 34) ( 3) - Balance, end of period 25 $ 5 5 $ - GSE Private Label September 30, 2018 ($ in millions) Units Dollars Units Dollars Balance, beginning of period 6 $ 1 1 $ - New demands 104 17 - - Resolved demands ( 85) ( 13) - - Balance, end of period 25 $ 5 1 $ - Residential mortgage loans sold with credit recourse The Bancorp sold certain residential mortgage loans in the secondary market with credit recourse. In the event of any customer default, pursuant to the credit recourse provided, the Bancorp is required to reimburse the third party. The maximum amount of credit risk in the event of nonperformance by the underlying borrowers is equivalent to the total outstanding balance. In the event of nonperformance, the Bancorp has rights to the underlying collateral value securing the loan. The outstanding balances on these loans sold with credit recourse were $ 239 million and $ 272 million at September 30, 2019 and December 31, 2018, respectively, and the delinquency rates were 2.0% and 2.2% at September 30, 2019 and December 31, 2018, respectively. The Bancorp maintained an estimated credit loss reserve on these loans sold with credit recourse of $ 4 million and $ 5 million at September 30, 2019 and December 31, 2018, respectively, recorded in other liabilities in the Condensed Consolidated Balance Sheets. To determine the credit loss reserve, the Bancorp used an approach that is consistent with its overall approach in estimating credit losses for various categories of residential mortgage loans held in its loan portfolio. 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 $ 13 million at both September 30, 2019 and December 31, 2018. In the event of any customer default, FTS has rights to the underlying collateral provided. Given the existence of the underlying collateral provided and negligible historical credit losses, the Bancorp does not maintain a loss reserve related to the margin accounts. Long-term borrowing obligations The Bancorp had certain fully and unconditionally guaranteed long-term borrowing obligations issued by wholly-owned issuing trust entities of $ 85 million and $ 62 million at September 30, 2019 and December 31, 2018, respectively. 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 by-laws and in accordance with their membership agreements. In accordance with Visa’s by-laws 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 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 25 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, 2019, 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 $ 146 million at September 30, 2019 and $ 125 million at December 31, 2018. Refer to Note 15 and Note 25 for further information. After the Bancorp’s sale of the Class B Shares, Visa 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: Visa Bancorp Cash Period ($ in millions) Funding Amount Payment Amount 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 i Q3 2019 300 (a) (a) The Bancorp made a cash payment of $ 12 million to the swap counterparty on October 8, 2019 as a result of the Visa escrow funding in the third quarter of 2019.

Legal and Regulatory Proceeding

Legal and Regulatory Proceedings	9 Months Ended
	Sep. 30, 2019
Legal And Regulatory Proceedings
Legal and Regulatory Proceedings	20. 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. 05-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 19 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. On January 14, 2014, the trial court entered a final order approving the class settlement. A number of merchants filed appeals from that approval. The U.S. Court of Appeals for the Second Circuit held a hearing on those appeals and on June 30, 2016, reversed the district court’s approval of the class settlement, remanding the case to the district court for further proceedings. On March 27, 2017, the Supreme Court of the United States denied a petition for writ of certiorari seeking to review the Second Circuit’s decision. Pursuant to the terms of the overturned settlement agreement, the Bancorp had previously paid $ 46 million into a class settlement escrow account. Approximately 8,000 merchants requested exclusion from the class settlement, and therefore, pursuant to the terms of the overturned settlement agreement, approximately 25% of the funds paid into the class settlement escrow account had been already returned to the control of the defendants. The remaining approximately 75% of the settlement funds paid by the Bancorp are currently maintained in the escrow account. More than 500 of the merchants who requested exclusion from the class filed separate federal lawsuits against Visa, MasterCard and certain other defendants alleging similar antitrust violations. These individual federal lawsuits were transferred to the United States District Court for the Eastern District of New York. While the Bancorp is only named as a defendant in one of the individual federal lawsuits, it may have obligations pursuant to indemnification arrangements and/or the judgment or loss sharing agreements noted above. On June 5, 2018, the defendants in the consolidated class action reached an agreement to settle in principle with the proposed plaintiffs’ class seeking monetary damages (the “Plaintiff Damages Class”). On September 17, 2018, those parties signed a settlement agreement (the “Amended Settlement Agreement”) 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. However, the Settlement Agreement also provided that if between 15% and 25% of class members (by payment volume) opted out of the class, up to $ 700 million of the additional settlement funds would be returned to the defendants. It has now been determined that more than 25% of the class members have elected to opt out of the Amended Settlement Agreement, and, therefore, $ 700 million of the additional $ 900 million will be returned to the defendants. In either event, the Bancorp’s allocated share of the putative settlement is within existing reserves. The Court issued an order preliminarily approving the settlement on January 24, 2019 and scheduled a hearing on final approval of the settlement for November 7, 2019. The putative settlement does not resolve the claims of the separate proposed plaintiffs’ class seeking injunctive relief or the claims of merchants who have opted out of the proposed class settlement and are pursuing, or may in the future decide to pursue, private lawsuits. The ultimate outcome in this matter, including the timing of resolution, therefore remains uncertain. Refer to Note 19 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 actions 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-00851). On behalf of a putative class, the plaintiffs sought unspecified monetary and statutory damages, injunctive relief, punitive damages, attorney’s 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 January 10, 2018, plaintiffs filed a motion to hear the immediate appeal of the dismissal of their breach of contract claim. On March 28, 2018, the court granted plaintiffs’ motion and stayed the TILA claim pending that appeal. On April 26, 2018, plaintiffs filed their notice of appeal for the breach of contract claim with the U.S. Court of Appeals for the Sixth Circuit. 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. Under the Court’s scheduling order, the plaintiffs’ motion for class certification is currently due February 28, 2020. No trial date has been set. Helton v. Fifth Third Bank On August 31, 2015, trust beneficiaries filed an action against Fifth Third Bank, as trustee, in the Probate Court for Hamilton County, Ohio (Helen Clarke Helton, et al. v. Fifth Third Bank, Case No. 2015003814). The plaintiffs alleged breach of the duty to diversify, breach of the duty of impartiality, breach of trust/fiduciary duty, and unjust enrichment, based on Fifth Third’s alleged failure to diversify assets held in two trusts for the plaintiffs’ benefit. The lawsuit sought over $ 800 million in alleged damages, attorney’s fees, removal of Fifth Third as trustee, and injunctive relief. Fifth Third denied all liability. On April 20, 2018, the Court denied plaintiffs’ motion for summary judgment and granted summary judgment to Fifth Third, dismissing the case in its entirety. The plaintiffs filed a notice of appeal on May 5, 2018. The appeal is pending. Upsher-Smith Laboratories, Inc. v. Fifth Third Bank On February 12, 2016, Upsher-Smith Laboratories, Inc. (“Upsher-Smith”) filed suit against Fifth Third Bank in the Fourth Judicial District, Hennepin County, Minnesota, alleging that Fifth Third improperly implemented foreign exchange transactions requested by plaintiff’s authorized employee who allegedly was the victim of fraud by a third party. Plaintiff asserted claims for breach of contract and the implied covenant of good faith and fair dealing and for alleged failure to comply with Article 4A-202 of the Uniform Commercial Code (the “UCC claim”), with losses allegedly totaling almost $ 40 million, plus interest. Fifth Third denied all liability in this matter. On March 3, 2016, Fifth Third removed the case to the United States District Court for the District of Minnesota (Upsher-Smith Laboratories Inc. v. Fifth Third Bank, Case No. 16-cv-00556). On March 22, 2019, the Court granted summary judgment to Fifth Third on Upsher-Smith’s claims for breach of contract and the implied covenant of good faith and fair dealing, but denied summary judgment on the UCC claim. On June 27, 2019, the parties entered into a confidential settlement of this matter for an amount that was immaterial to the Bancorp’s Condensed Consolidated Financial Statements. 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 $ 27 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.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions Abstract
Related Party Transactions	21. Related Party Transactions On March 18, 2019, the Bancorp exchanged its remaining 10,252,826 Class B Units of Worldpay Holding, LLC for 10,252,826 shares of Class A common stock of Worldpay, Inc., and subsequently sold those shares. As a result of this transaction, the Bancorp recognized a gain of $ 562 million in other noninterest income during the first quarter of 2019. As a result of the sale, the Bancorp no longer beneficially owns any of Worldpay, Inc.’s equity securities.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Taxes
Income Taxes	22. Income Taxes The applicable income tax expense was $ 140 million and $ 114 million for the three months ended September 30, 2019 and 2018, respectively, and $ 483 million and $ 442 million for the nine months ended September 30, 2019 and 2018, respectively. The effective tax rates for the three months ended September 30, 2019 and 2018 were 20.2% and 20.7%, respectively, and 21.4% and 20.3% for the nine months ended September 30, 2019 and 2018, respectively. The increase in the effective tax rate for the nine months ended September 30, 2019 compared to the same period in the prior year was primarily related to an increase in state income tax expense, a decrease in excess tax benefits related to share-based compensation and a decrease in expected low-income housing tax credits and other tax benefits, partially offset by a decrease in proportional amortization of qualifying LIHTC investments as well as an increase in non-taxable income. While it is reasonably possible that the amount of the unrecognized tax benefits with respect to certain of the Bancorp’s uncertain tax positions could increase or decrease during the next 12 months, the Bancorp believes it is unlikely that its unrecognized tax benefits will change by a material amount during the next 12 months.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2019
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income	23. 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 Pretax Tax Net Beginning Net Ending September 30, 2019 ($ in millions) Activity Effect Activity Balance Activity Balance Unrealized holding gains on available-for-sale debt securities arising during period $ 497 ( 118) 379 Reclassification adjustment for net gains on available-for-sale debt securities included in net income ( 3) 1 ( 2) Net unrealized gains on available-for-sale debt securities 494 ( 117) 377 781 377 1,158 Unrealized holding gains on cash flow hedge derivatives arising during period 105 ( 22) 83 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income ( 5) 1 ( 4) Net unrealized gains on cash flow hedge derivatives 100 ( 21) 79 440 79 519 Reclassification of amounts to net periodic benefit costs 1 - 1 Defined benefit pension plans, net 1 - 1 ( 43) 1 ( 42) Total $ 595 ( 138) 457 1,178 457 1,635 Total OCI Total AOCI Pretax Tax Net Beginning Net Ending September 30, 2018 ($ in millions) Activity Effect Activity Balance Activity Balance Unrealized holding losses on available-for-sale debt securities arising during period $ ( 271) 64 ( 207) Reclassification adjustment for net losses on available-for-sale debt securities included in net income - - - Net unrealized losses on available-for-sale debt securities ( 271) 64 ( 207) ( 485) ( 207) ( 692) Unrealized holding losses on cash flow hedge derivatives arising during period ( 25) 6 ( 19) Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 2 - 2 Net unrealized losses on cash flow hedge derivatives ( 23) 6 ( 17) ( 16) ( 17) ( 33) Net actuarial loss arising during the period ( 2) - ( 2) Reclassification of amounts to net periodic benefit costs 3 - 3 Defined benefit pension plans, net 1 - 1 ( 51) 1 ( 50) Total $ ( 293) 70 ( 223) ( 552) ( 223) ( 775) The tables below present the activity of the components of OCI and AOCI for the nine months ended: Total OCI Total AOCI Pretax Tax Net Beginning Net Ending September 30, 2019 ($ in millions) Activity Effect Activity Balance Activity Balance Unrealized holding gains on available-for-sale debt securities arising during period $ 1,817 ( 430) 1,387 Reclassification adjustment for net gains on available-for-sale debt securities included in net income ( 3) 1 ( 2) Net unrealized gains on available-for-sale debt securities 1,814 ( 429) 1,385 ( 227) 1,385 1,158 Unrealized holding gains on cash flow hedge derivatives arising during period 456 ( 95) 361 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income ( 2) - ( 2) Net unrealized gains on cash flow hedge derivatives 454 ( 95) 359 160 359 519 Reclassification of amounts to net periodic benefit costs 4 ( 1) 3 Defined benefit pension plans, net 4 ( 1) 3 ( 45) 3 ( 42) Total $ 2,272 ( 525) 1,747 ( 112) 1,747 1,635 Total OCI Total AOCI Pretax Tax Net Beginning Net Ending September 30, 2018 ($ in millions) Activity Effect Activity Balance Activity Balance Unrealized holding losses on available-for-sale debt securities arising during period $ ( 1,082) 248 ( 834) Reclassification adjustment for net losses on available-for-sale debt securities included in net income 9 ( 2) 7 Net unrealized losses on available-for-sale debt securities ( 1,073) 246 ( 827) 135 ( 827) ( 692) Unrealized holding losses on cash flow hedge derivatives arising during period ( 31) 7 ( 24) Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 2 - 2 Net unrealized losses on cash flow hedge derivatives ( 29) 7 ( 22) ( 11) ( 22) ( 33) Net actuarial loss arising during the period ( 2) - ( 2) Reclassification of amounts to net periodic benefit costs 7 ( 2) 5 Defined benefit pension plans, net 5 ( 2) 3 ( 53) 3 ( 50) Total $ ( 1,097) 251 ( 846) 71 ( 846) ( 775) The table below presents reclassifications out of AOCI: For the three months ended September 30, For the nine months ended September 30, Condensed Consolidated ($ in millions) Statements of Income Caption 2019 2018 2019 2018 Net unrealized gains (losses) on available-for-sale debt securities: (b) Net gains (losses) included in net income Securities gains (losses), net $ 3 - 3 ( 9) Income before income taxes 3 - 3 ( 9) Applicable income tax expense ( 1) - ( 1) 2 Net income 2 - 2 ( 7) Net unrealized gains (losses) on cash flow hedge derivatives: (b) Interest rate contracts related to C&I loans Interest and fees on loans and leases 5 ( 2) 2 ( 2) Income before income taxes 5 ( 2) 2 ( 2) Applicable income tax expense ( 1) - - - Net income 4 ( 2) 2 ( 2) Net periodic benefit costs: (b) Amortization of net actuarial loss Employee benefits (a) ( 1) ( 1) ( 4) ( 5) Settlements Employee benefits (a) - ( 2) - ( 2) Income before income taxes ( 1) ( 3) ( 4) ( 7) Applicable income tax expense - - 1 2 Net income ( 1) ( 3) ( 3) ( 5) Total reclassifications for the period Net income $ 5 ( 5) 1 ( 14) This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 20 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2018 for further information. Amounts in parentheses indicate reductions to net income.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share
Earnings Per Share	24. 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: 2019 2018 For the three months ended September 30, Average Per Share Average Per Share (in millions, except per share data) Income Shares Amount Income Shares Amount Earnings Per Share: Net income available to common shareholders $ 530 421 Less: Income allocated to participating securities 4 4 Net income allocated to common shareholders $ 526 727 0.72 417 668 0.62 Earnings Per Diluted Share: Net income available to common shareholders $ 530 421 Effect of dilutive securities: Stock-based awards - 9 - 11 Net income available to common shareholders 530 421 plus assumed conversions Less: Income allocated to participating securities 4 4 Net income allocated to common shareholders plus assumed conversions $ 526 736 0.71 417 679 0.61 2019 2018 For the nine months ended September 30, Average Per Share Average Per Share (in millions, except per share data) Income Shares Amount Income Shares Amount Earnings Per Share: Net income available to common shareholders $ 1,718 1,685 Less: Income allocated to participating securities 16 18 Net income allocated to common shareholders $ 1,702 709 2.40 1,667 680 2.45 Earnings Per Diluted Share: Net income available to common shareholders $ 1,718 1,685 Effect of dilutive securities: Stock-based awards - 9 - 13 Net income available to common shareholders 1,718 1,685 plus assumed conversions Less: Income allocated to participating securities 16 18 Net income allocated to common shareholders plus assumed conversions $ 1,702 718 2.37 1,667 693 2.41 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, 2019 excludes million of SARs and an immaterial amount of stock options because their inclusion would have been anti-dilutive. The diluted earnings per share computation for both the three and nine months ended September 30, 2018 excludes million of SARs and an immaterial amount of stock options because their inclusion would have been anti-dilutive.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Fair Value Measurements
Fair Value Measurements	25. 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, 2018. 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, 2019 ($ in millions) Level 1 (c) Level 2 (c) Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agency securities $ 75 - - 75 Obligations of states and political subdivisions securities - 2 - 2 Mortgage-backed securities: Agency residential mortgage-backed securities - 15,694 - 15,694 Agency commercial mortgage-backed securities - 15,276 - 15,276 Non-agency commercial mortgage-backed securities - 3,400 - 3,400 Asset-backed securities and other debt securities - 2,156 - 2,156 Available-for-sale debt and other securities (a) 75 36,528 - 36,603 Trading debt securities: U.S. Treasury and federal agency securities 2 1 - 3 Obligations of states and political subdivisions securities - 29 - 29 Agency residential mortgage-backed securities - 69 - 69 Asset-backed securities and other debt securities - 196 - 196 Trading debt securities 2 295 - 297 Equity securities 449 10 - 459 Residential mortgage loans held for sale - 1,136 - 1,136 Residential mortgage loans (b) - - 184 184 Commercial loans held for sale - 1 - 1 MSRs - - 910 910 Derivative assets: Interest rate contracts 3 1,520 24 1,547 Foreign exchange contracts - 182 - 182 Commodity contracts 89 279 - 368 Derivative assets (d) 92 1,981 24 2,097 Total assets $ 618 39,951 1,118 41,687 Liabilities: Derivative liabilities: Interest rate contracts $ 5 247 9 261 Foreign exchange contracts - 151 - 151 Equity contracts - - 146 146 Commodity contracts 9 344 - 353 Derivative liabilities (e) 14 742 155 911 Short positions (e) 68 44 - 112 Total liabilities $ 82 786 155 1,023 Excludes FHLB, FRB and DTCC restricted stock holdings totaling $ 96, $ 477 and $ 2, respectively, at September 30, 2019. Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. During the nine months ended September 30, 2019, no assets or liabilities were transferred between Level 1 and Level 2. Included in other assets in the Condensed Consolidated Balance Sheets. Included in other liabilities in the Condensed Consolidated Balance Sheets. Fair Value Measurements Using December 31, 2018 ($ in millions) Level 1 (c) Level 2 (c) Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agency securities $ 97 - - 97 Obligations of states and political subdivisions securities - 2 - 2 Mortgage-backed securities: Agency residential mortgage-backed securities - 16,247 - 16,247 Agency commercial mortgage-backed securities - 10,650 - 10,650 Non-agency commercial mortgage-backed securities - 3,267 - 3,267 Asset-backed securities and other debt securities - 2,015 - 2,015 Available-for-sale debt and other securities (a) 97 32,181 - 32,278 Trading debt securities: U.S. Treasury and federal agency securities - 16 - 16 Obligations of states and political subdivisions securities - 35 - 35 Agency residential mortgage-backed securities - 68 - 68 Asset-backed securities and other debt securities - 168 - 168 Trading debt securities - 287 - 287 Equity securities 452 - - 452 Residential mortgage loans held for sale - 537 - 537 Residential mortgage loans (b) - - 179 179 Commercial loans held for sale - 7 - 7 MSRs - - 938 938 Derivative assets: Interest rate contracts - 648 7 655 Foreign exchange contracts - 152 - 152 Commodity contracts 93 214 - 307 Derivative assets (d) 93 1,014 7 1,114 Total assets $ 642 34,026 1,124 35,792 Liabilities: Derivative liabilities: Interest rate contracts $ 8 313 8 329 Foreign exchange contracts - 142 - 142 Equity contracts - - 125 125 Commodity contracts 19 259 - 278 Derivative liabilities (e) 27 714 133 874 Short positions (e) 110 28 - 138 Total liabilities $ 137 742 133 1,012 (a) Excludes FHLB, FRB, and DTCC restricted stock holdings totaling $184, $366 and $2, respectively, at December 31, 2018. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) During the year ended December 31, 2018, no assets or liabilities were transferred between Level 1 and Level 2. (d) Included in other assets in the Condensed Consolidated Balance Sheets. (e) 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, quoted prices of securities with similar characteristics or DCFs. Level 2 securities may include federal agency securities, obligations of states and political subdivisions securities, agency residential mortgage-backed securities, agency and non-agency commercial mortgage-backed securities, asset-backed securities and other debt securities and equity securities. These securities are generally valued using a market approach based on observable prices of securities with similar characteristics. Residential mortgage loans held for sale For residential mortgage loans held for sale for which the fair value election has been made, fair value is estimated based upon mortgage-backed securities prices and spreads to those prices or, for certain ARM loans, DCF models that may incorporate the anticipated portfolio composition, credit spreads of asset-backed securities with similar collateral and market conditions. The anticipated portfolio composition includes the effect of interest rate spreads and discount rates due to loan characteristics such as the state in which the loan was originated, the loan amount and the ARM margin. Residential mortgage loans held for sale that are valued based on mortgage-backed securities prices are classified within Level 2 of the valuation hierarchy as the valuation is based on external pricing for similar instruments. ARM loans classified as held for sale are also classified within Level 2 of the valuation hierarchy due to the use of observable inputs in the DCF model. These observable inputs include interest rate spreads from agency mortgage-backed securities market rates and observable discount rates. Residential mortgage loans Residential mortgage loans held for sale that are reclassified to held for investment are transferred from Level 2 to Level 3 of the fair value hierarchy. It is the Bancorp’s policy to value any transfers between levels of the fair value hierarchy based on end of period fair values. For residential mortgage loans for which the fair value election has been made, and that are reclassified from held for sale to held for investment, the fair value estimation is based on mortgage-backed securities prices, interest rate risk and an internally developed credit component. Therefore, these loans are classified within Level 3 of the valuation hierarchy. An adverse change in the loss rate or severity assumption would result in a decrease in fair value of the related loan. The Secondary Marketing department, which reports to the Bancorp’s Head of the Consumer Bank, in conjunction with the Consumer Credit Risk department, which reports to the Bancorp’s Chief Risk Officer, are responsible for determining the valuation methodology for residential mortgage loans held for investment. The Secondary Marketing department reviews loss severity assumptions quarterly to determine if adjustments are necessary based on decreases in observable housing market data. This group also reviews trades in comparable benchmark securities and adjusts the values of loans as necessary. Consumer Credit Risk is responsible for the credit component of the fair value which is based on internally developed loss rate models that take into account historical loss rates and loss severities based on underlying collateral values. Commercial loans held for sale For commercial loans held for sale for which the fair value election has been made, fair value is estimated based upon quoted prices of identical or similar assets in an active market, which are reviewed and approved by the Market Risk department, which reports to the Bancorp’s Chief Risk Officer. These loans are generally valued using a market approach based on observable prices and are classified within Level 2 of the valuation hierarchy. MSRs 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 14 for further information on the assumptions used in the valuation of the Bancorp’s MSRs. The Secondary Marketing department and Treasury department are responsible for determining the valuation methodology for MSRs. Representatives from Secondary Marketing, Treasury, Accounting and Risk Management are responsible for reviewing key assumptions used in the internal OAS model. Two external valuations of the MSR portfolio are obtained from third parties quarterly that use valuation models in order to assess the reasonableness of the internal OAS model. Additionally, the Bancorp participates in peer surveys that provide additional confirmation of the reasonableness of key assumptions utilized in the MSR valuation process and the resulting MSR prices. 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, 2019 and December 31, 2018, 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. Level 3 derivatives also include 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. The Accounting and Treasury departments, both of which report to the Bancorp’s Chief Financial Officer, determined the valuation methodology for the total return swap. Accounting and Treasury review the changes in fair value on a quarterly basis for reasonableness based on Visa stock price changes, litigation contingencies and escrow funding. The net asset fair value of the IRLCs at September 30, 2019 was $ 24 million. Immediate decreases in current interest rates of 25 bps and 50 bps would result in increases in the fair value of the IRLCs of approximately $ 10 million and $ 17 million, respectively. Immediate increases of current interest rates of 25 bps and 50 bps would result in decreases in the fair value of the IRLCs of approximately $ 11 million and $ 23 million, respectively. The decrease in fair value of IRLCs due to immediate 10% and 20% adverse changes in the assumed loan closing rates would be approximately $ 2 million and $ 5 million, respectively, and the increase in fair value due to immediate 10% and 20% favorable changes in the assumed loan closing rates would be approximately $ 2 million and $ 5 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. The Consumer Line of Business Finance department, which reports to the Bancorp’s Chief Financial Officer, and the aforementioned Secondary Marketing department are responsible for determining the valuation methodology for IRLCs. Secondary Marketing, in conjunction with a third party valuation provider, periodically review loan closing rate assumptions and recent loan sales to determine if adjustments are needed for current market conditions not reflected in historical data. Short positions Where quoted prices are available in an active market, short positions are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated using pricing models, quoted prices of securities with similar characteristics or DCFs and therefore are classified within Level 2 of the valuation hierarchy. 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) Residential Interest Rate Mortgage Derivatives, Equity Total For the three months ended September 30, 2019 ($ in millions) Loans MSRs Net (a) Derivatives Fair Value Balance, beginning of period $ 192 1,039 5 ( 151) 1,085 Total (losses) gains (realized/unrealized): Included in earnings - ( 171) 51 ( 11) ( 131) Purchases/originations - 42 ( 1) - 41 Settlements ( 11) - ( 40) 16 ( 35) Transfers into Level 3 (b) 3 - - - 3 Balance, end of period $ 184 910 15 ( 146) 963 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at September 30, 2019 (c) $ - ( 131) 24 ( 11) ( 118) Net interest rate derivatives include derivative assets and liabilities of $ 24 and $ 9, respectively, as of September 30, 2019. Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Includes interest income and expense. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Residential Interest Rate Mortgage Derivatives, Equity Total For the three months ended September 30, 2018 ($ in millions) Loans MSRs Net (a) Derivatives Fair Value Balance, beginning of period $ 162 959 4 ( 164) 961 Total (losses) gains (realized/unrealized): Included in earnings ( 1) ( 8) 18 ( 17) ( 8) Purchases/originations - 59 ( 1) - 58 Settlements ( 4) - ( 22) 37 11 Transfers into Level 3 (b) 15 - - - 15 Balance, end of period $ 172 1,010 ( 1) ( 144) 1,037 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at September 30, 2018 (c) $ ( 1) ( 8) 7 ( 17) ( 19) (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $8 respectively, as of September 30, 2018. (b) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. (c) Includes interest income and expense. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Residential Interest Rate Mortgage Derivatives, Equity Total For the nine months ended September 30, 2019 ($ in millions) Loans MSRs Net (a) Derivatives Fair Value Balance, beginning of period $ 179 938 ( 1) ( 125) 991 Total (losses) gains (realized/unrealized): Included in earnings ( 1) ( 416) 110 ( 63) ( 370) Purchases/originations/acquisitions - 388 ( 3) - 385 Settlements ( 22) - ( 91) 42 ( 71) Transfers into Level 3 (b) 28 - - - 28 Balance, end of period $ 184 910 15 ( 146) 963 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at September 30, 2019 (c) $ ( 1) ( 329) 25 ( 63) ( 368) (a) Net interest rate derivatives include derivative assets and liabilities of $24 and $9, respectively, as of September 30, 2019. (b) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. (c) Includes interest income and expense. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Residential Interest Rate Mortgage Derivatives, Equity Total For the nine months ended September 30, 2018 ($ in millions) Loans MSRs Net (a) Derivatives Fair Value Balance, beginning of period $ 137 858 3 ( 137) 861 Total (losses) gains (realized/unrealized): Included in earnings ( 5) 8 54 ( 66) ( 9) Purchases/originations - 144 ( 5) - 139 Settlements ( 12) - ( 53) 59 ( 6) Transfers into Level 3 (b) 52 - - - 52 Balance, end of period $ 172 1,010 ( 1) ( 144) 1,037 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at September 30, 2018 (c) $ ( 5) 8 9 ( 66) ( 54) (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $8, respectively, as of September 30, 2018 . (b) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. (c) Includes interest income and expense. The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Mortgage banking net revenue $ ( 121) 9 ( 309) 56 Corporate banking revenue 1 - 2 1 Other noninterest income ( 11) ( 17) ( 63) ( 66) Total losses $ ( 131) ( 8) ( 370) ( 9) The total losses and gains included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at September 30, 2019 and 2018 were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Mortgage banking net revenue $ ( 109) ( 2) ( 307) 11 Corporate banking revenue 2 - 2 1 Other noninterest income ( 11) ( 17) ( 63) ( 66) Total losses $ ( 118) ( 19) ( 368) ( 54) The following tables present information as of September 30, 2019 and 2018 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, 2019 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted-Average Residential mortgage loans $ 184 Loss rate model Interest rate risk factor ( 6.8) - 6.9 % ( 0.2) % Credit risk factor 0 - 31.8 % 0.5 % (Fixed) 15.4 % MSRs 910 DCF Prepayment speed 0.5 - 97.0 % (Adjustable) 23.4 % (Fixed) 619 OAS spread (bps) 484 - 1,513 (Adjustable) 914 IRLCs, net 24 DCF Loan closing rates 5.7 - 96.7 % 76.9 % Swap associated with the sale of Visa, Inc. ( 146) DCF Timing of the resolution 6/30/2021 - 2/7/2022 Class B Shares of the Covered Litigation 12/31/2023 As of September 30, 2018 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted-Average Residential mortgage loans $ 172 Loss rate model Interest rate risk factor ( 12.7) - 11.0 % ( 0.6) % Credit risk factor 0 - 40.3 % 0.7 % (Fixed) 9.1 % MSRs 1,010 DCF Prepayment speed 0.5 - 97.0 % (Adjustable) 23.2 % (Fixed) 533 OAS spread (bps) 449 - 1,513 (Adjustable) 842 IRLCs, net 7 DCF Loan closing rates 6.2 - 96.7 % 76.6 % Swap associated with the sale of Visa, Inc. ( 144) DCF Timing of the resolution 1/31/2021 - 9/6/2021 Class B Shares of the Covered Litigation 11/30/2023 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, 2019 and 2018 and for which a nonrecurring fair value adjustment was recorded during the three and nine months ended September 30, 2019 and 2018, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period: Fair Value Measurements Using Total (Losses) Gains Total (Losses) Gains For the three months ended September 30, 2019 For the nine months ended September 30, 2019 As of September 30, 2019 ($ in millions) Level 1 Level 2 Level 3 Total Commercial and industrial loans $ - - 116 116 ( 11) ( 45) Commercial mortgage loans - - 12 12 - - Commercial leases - - 18 18 2 ( 9) OREO - - 16 16 ( 2) ( 5) Bank premises and equipment - - 23 23 ( 4) ( 26) Private equity investments - 6 2 8 - 6 Total $ - 6 187 193 ( 15) ( 79) Fair Value Measurements Using Total (Losses) Gains Total (Losses) Gains For the three months For the nine months As of September 30, 2018 ($ in millions) Level 1 Level 2 Level 3 Total ended September 30, 2018 ended September 30, 2018 Commercial loans held for sale $ - - 3 3 ( 1) ( 2) Commercial and industrial loans - - 156 156 ( 16) ( 46) Commercial mortgage loans - - 2 2 - 6 Commercial leases - - 14 14 1 ( 9) OREO - - 21 21 ( 2) ( 6) Bank premises and equipment - - 36 36 - ( 41) Operating lease equipment - - 10 10 ( 1) ( 4) Private equity investments - 69 3 72 14 44 Total $ - 69 245 314 ( 5) ( 58) The following tables present information as of September 30, 2019 and 2018 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, 2019 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted-Average Commercial and industrial loans $ 116 Appraised value Collateral value NM NM Commercial mortgage loans 12 Appraised value Collateral value NM NM Commercial leases 18 Appraised value Collateral value NM NM OREO 16 Appraised value Appraised value NM NM Bank premises and equipment 23 Appraised value Appraised value NM NM Private equity investments 2 Comparable company analysis Market comparable transactions NM NM As of September 30, 2018 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted-Average Commercial loans held for sale $ 3 Appraised value Appraised value NM NM Costs to sell NM 10.0 % Commercial and industrial loans 156 Appraised value Collateral value NM NM Commercial mortgage loans 2 Appraised value Collateral value NM NM Commercial leases 14 Appraised value Collateral value NM NM OREO 21 Appraised value Appraised value NM NM Bank premises and equipment 36 Appraised value Appraised value NM NM Operating lease equipment 10 Appraised value Appraised value NM NM Private equity investments - Liquidity discount applied Liquidity discount 0 - 43.0 % 12.9 % to fund's NAV 3 Comparable company analysis Market comparable transactions NM NM Portfolio commercial loans and leases During the three and nine months ended September 30, 2019 and 2018, the Bancorp recorded nonrecurring impairment adjustments to certain commercial and industrial loans, commercial mortgage loans and commercial leases held for investment. Larger commercial loans included within aggregate borrower relationship balances exceeding $1 million that exhibit probable or observed credit weaknesses are subject to individual review for impairment. The Bancorp considers the current value of collateral, credit quality of any guarantees, the guarantor’s liquidity and willingness to cooperate, the loan structure and other factors when evaluating whether an individual loan is impaired. When the loan is collateral dependent, the fair value of the loan is generally based on the fair value of the underlying collateral supporting the loan and therefore these loans were classified within Level 3 of the valuation hierarchy. In cases where the carrying value exceeds the fair value, an impairment loss is recognized. The fair values and recognized impairment losses are reflected in the previous tables. Commercial Credit Risk, which reports to the Bancorp’s Chief Risk Officer, is responsible for preparing and reviewing the fair value estimates for commercial loans held for investment. OREO During the three and nine months ended September 30, 2019 and 2018, the Bancorp recorded nonrecurring adjustments to certain commercial and residential real estate properties 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 included $ 1 million and $ 2 million of charge-offs on new OREO properties transferred from loans during the three and nine months ended September 30, 2019, respectively, and $ 1 million and $ 3 million for the three and nine months ended September 30, 2018, respectively. These losses also included $ 1 million and $ 3 million in losses for the three and nine months ended September 30, 2019, respectively, and $ 1 million and $ 3 million in losses for the three and nine months ended September 30, 2018, respectively, recorded as negative fair value adjustments on OREO in other noninterest expense in the Condensed Consolidated Statements of Income subsequent to their transfer from loans. As discussed in the following paragraphs, 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. The Real Estate Valuation department is solely responsible for managing the appraisal process and evaluating the appraisals for commercial properties transferred to OREO. All appraisals on commercial OREO properties are updated on at least an annual basis. The Real Estate Valuation department reviews the BPO data and internal market information to determine the initial charge-off on residential real estate loans transferred to OREO. Once the foreclosure process is completed, the Bancorp performs an interior inspection to update the initial fair value of the property. These properties are reviewed at least every 30 days after the initial interior inspections are completed. The Asset Manager receives a monthly status report for each property, which includes the number of showings, recently sold properties, current comparable listings and overall market conditions. 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. Enterprise Workplace Services, which reports to the Bancorp’s Chief Human Resources Officer, in conjunction with Accounting, are responsible for preparing and reviewing the fair value estimates for bank premises and equipment. For further information on bank premises and equipment refer to Note 8. Operating lease equipment During the three and nine months ended September 30, 2018, the Bancorp recorded nonrecurring impairment adjustments to certain operating lease equipment. 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. The Commercial Leasing department, which reports to the Bancorp’s Chief Operating Officer, is responsible for preparing and reviewing the fair value estimates for operating lease equipment. Private equity investments The Bancorp accounts for its private equity investments, except for those accounted for under the equity method of accounting, at each investment’s 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 resulting from observable price changes of zero and $ 11 million during the three and nine months ended September 30, 2019, respectively, and $ 13 million and $ 64 million during the three and nine months ended September 30, 2018, respectively. The carrying value of the Bancorp’s private equity investments still held as of September 30, 2019 includes a cumulative $ 53 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

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2019
Segment Reporting
Business Segments	26. Business Segments The Bancorp reports on four business segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth and Asset Management. Results of the Bancorp’s business segments are presented based on its management structure and management accounting practices. The structure and accounting practices are specific to the Bancorp; therefore, the financial results of the Bancorp’s business segments are not necessarily comparable with similar information for other financial institutions. The Bancorp refines its methodologies from time to time as management’s accounting practices and businesses change. The Bancorp manages interest rate risk centrally at the corporate level. By employing an FTP methodology, the business segments are insulated from most benchmark interest rate volatility, enabling them to focus on serving customers through the origination of loans and acceptance of deposits. The FTP methodology assigns charge and credit rates to classes of assets and liabilities, respectively, based on the estimated amount and timing of the cash flows for each transaction. Assigning the FTP rate based on matching the duration of cash flows allocates interest income and interest expense to each business segment so its resulting net interest income is insulated from future changes in benchmark interest rates. The Bancorp’s FTP methodology also allocates the contribution to net interest income of the asset-generating and deposit-providing businesses on a duration-adjusted basis to better attribute the driver of the performance. As the asset and liability durations are not perfectly matched, the residual impact of the FTP methodology is captured in General Corporate and Other. The charge and credit rates are determined using the FTP rate curve, which is based on an estimate of Fifth Third’s marginal borrowing cost in the wholesale funding markets. The FTP curve is constructed using the U.S. swap curve, brokered CD pricing and unsecured debt pricing. The Bancorp adjusts the FTP charge and credit rates as dictated by changes in interest rates for various interest-earning assets and interest-bearing liabilities and by the review of behavioral assumptions, such as prepayment rates on interest-earning assets and the estimated durations for indeterminate-lived deposits. Key assumptions, including the credit rates provided for deposit accounts, are reviewed annually. Credit rates for deposit products and charge rates for loan products may be reset more frequently in response to changes in market conditions. The credit rates for several deposit products were reset January 1, 2019 to reflect the current market rates and updated market assumptions. These rates were generally higher than those in place during 2018, thus net interest income for deposit-providing business segments was positively impacted during 2019. FTP charge rates on assets were affected by the prevailing level of interest rates and by the duration and repricing characteristics of the portfolio. As overall market rates increased, the FTP charge increased for asset-generating business segments during 2019. The Bancorp’s methodology for allocating provision for credit losses expense to the business segments includes charges or benefits associated with changes in criticized commercial loan levels in addition to actual net charge-offs experienced by the loans and leases owned by each business segment. Provision for credit losses expense attributable to loan and lease growth and changes in ALLL factors is captured in General Corporate and Other. The financial results of the business segments include allocations for shared services and headquarters expenses. Additionally, the business segments form synergies by taking advantage of cross-sell opportunities and funding operations by accessing the capital markets as a collective unit. The following is a description of each of the Bancorp’s business segments and the products and services they provide to their respective client bases. Commercial Banking offers credit intermediation, cash management and financial services to large and middle-market businesses and government and professional customers. In addition to the traditional lending and depository offerings, Commercial Banking products and services include global cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing and syndicated finance. Branch Banking p rovides a full range of deposit and loan and lease products to individuals and small businesses through 1,143 full-service banking centers. Branch Banking offers depository and loan products, such as checking and savings accounts, home equity loans and lines of credit, credit cards and loans for automobiles and other personal financing needs, as well as products designed to meet the specific needs of small businesses, including cash management services. Consumer Lending includes the Bancorp’s residential mortgage, automobile and other indirect lending activities. Residential mortgage activities within Consumer Lending include the origination, retention and servicing of residential mortgage loans, sales and securitizations of those loans, pools of loans and all associated hedging activities. Residential mortgages are primarily originated through a dedicated sales force and through third-party correspondent lenders. Automobile and other indirect lending activities include extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers and marine dealers. Wealth and Asset Management provides a full range of investment alternatives for individuals, companies and not-for-profit organizations. Wealth and Asset Management is made up of four main businesses: FTS, an indirect wholly-owned subsidiary of the Bancorp; Fifth Third Insurance Agency; 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 Insurance Agency assists clients with their financial and risk management needs. 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: Wealth General Commercial Branch Consumer and Asset Corporate September 30, 2019 ($ in millions) Banking Banking Lending Management and Other Eliminations Total Net interest income $ 623 598 88 44 ( 111) - 1,242 Provision for credit losses 54 58 14 - 8 - 134 Net interest income after provision for credit losses 569 540 74 44 ( 119) - 1,108 Noninterest income: Corporate banking revenue 167 1 - - - - 168 Service charges on deposits 79 65 - - ( 1) - 143 Wealth and asset management revenue 1 41 - 119 - (37) (a) 124 Card and processing revenue 16 74 - 1 3 - 94 Mortgage banking net revenue - 2 92 1 - - 95 Other noninterest income (b) 72 21 4 4 10 - 111 Securities gains, net - - - - 5 - 5 Securities gains, net - non-qualifying hedges on MSRs - - - - - - - Total noninterest income 335 204 96 125 17 ( 37) 740 Noninterest expense: Salaries, wages and incentives 107 122 39 45 184 - 497 Employee benefits 11 26 9 6 35 - 87 Technology and communications 3 1 2 - 94 - 100 Net occupancy expense 7 44 3 3 27 - 84 Card and processing expense 2 32 - - ( 1) - 33 Equipment expense 7 12 - - 14 - 33 Other noninterest expense 288 232 61 75 ( 294) ( 37) 325 Total noninterest expense 425 469 114 129 59 ( 37) 1,159 Income (loss) before income taxes 479 275 56 40 ( 161) - 689 Applicable income tax expense (benefit) 86 58 12 8 ( 24) - 140 Net income (loss) 393 217 44 32 ( 137) - 549 Total goodwill $ 1,982 2,054 - 254 - - 4,290 Total assets $ 75,143 69,021 26,171 9,961 (9,217) (c) - 171,079 Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. Includes impairment charges of $5 for branches and land. For more information refer to Note 8 and Note 25. Includes bank premises and equipment of $ 87 classified as held for sale. For more information refer to Note 8. Wealth General Commercial Branch Consumer and Asset Corporate September 30, 2018 ($ in millions) Banking Banking Lending Management and Other Eliminations Total Net interest income $ 427 525 60 46 ( 15) - 1,043 Provision for (benefit from) credit losses ( 11) 34 10 3 48 - 84 Net interest income after provision for credit losses 438 491 50 43 ( 63) - 959 Noninterest income: Corporate banking revenue 100 (c) 1 - - ( 1) - 100 Service charges on deposits 68 71 - - - - 139 Wealth and asset management revenue 1 38 - 110 - (35) (a) 114 Card and processing revenue 14 67 - 1 - - 82 Mortgage banking net revenue - 1 48 - - - 49 Other noninterest income 52 26 3 4 1 - 86 Securities losses, net - - - - ( 6) - ( 6) Securities losses, net - non-qualifying hedges on MSRs - - ( 1) - - - ( 1) Total noninterest income 235 204 50 115 ( 6) ( 35) 563 Noninterest expense: Salaries, wages and incentives 71 109 38 44 159 - 421 Employee benefits 8 22 8 6 38 - 82 Technology and communications 2 1 2 - 66 - 71 Net occupancy expense 6 44 3 3 14 - 70 Card and processing expense 2 30 - - ( 1) - 31 Equipment expense 6 12 - - 13 - 31 Other noninterest expense 212 215 49 73 ( 248) ( 35) 266 Total noninterest expense 307 433 100 126 41 ( 35) 972 Income (loss) before income taxes 366 262 - 32 ( 110) - 550 Applicable income tax expense (benefit) 65 55 - 7 ( 13) - 114 Net income (loss) 301 207 - 25 ( 97) - 436 Total goodwill $ 630 1,655 - 177 - - 2,462 Total assets $ 60,040 60,222 22,188 9,171 (10,031) (b) - 141,590 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes bank premises and equipment of $ 38 classified as held for sale. For more information refer to Note 8. (c) Includes impairment charges of $ 2 for operating lease equipment. For more information refer to Note 25. The following tables present the results of operations and assets by business segment for the nine months ended: Wealth General Commercial Branch Consumer and Asset Corporate September 30, 2019 ($ in millions) Banking Banking Lending Management and Other Eliminations Total Net interest income $ 1,761 1,802 234 141 ( 369) - 3,569 Provision for credit losses 100 164 34 - 12 - 310 Net interest income after provision for credit losses 1,661 1,638 200 141 ( 381) - 3,259 Noninterest income: Corporate banking revenue 413 3 - 1 - - 417 Service charges on deposits 227 191 - 1 ( 2) - 417 Wealth and asset management revenue 2 117 - 345 - (106) (a) 358 Card and processing revenue 49 212 - 2 3 - 266 Mortgage banking net revenue - 4 209 1 - - 214 Other noninterest income (b) 170 63 10 9 542 - 794 Securities gains, net - - - - 30 - 30 Securities gains, net - non-qualifying hedges on MSRs - - 5 - - - 5 Total noninterest income 861 590 224 359 573 ( 106) 2,501 Noninterest expense: Salaries, wages and incentives 299 360 117 140 611 - 1,527 Employee benefits 47 84 29 25 131 - 316 Technology and communications 8 3 6 1 301 - 319 Net occupancy expense 21 130 8 10 79 - 248 Card and processing expense 6 92 - 1 ( 1) - 98 Equipment expense 18 35 - 1 42 - 96 Other noninterest expense 799 671 175 219 ( 863) ( 106) 895 Total noninterest expense 1,198 1,375 335 397 300 ( 106) 3,499 Income (loss) before income taxes 1,324 853 89 103 ( 108) - 2,261 Applicable income tax expense 242 179 19 22 21 - 483 Net income (loss) 1,082 674 70 81 ( 129) - 1,778 Total goodwill $ 1,982 2,054 - 254 - - 4,290 Total assets $ 75,143 69,021 26,171 9,961 (9,217) (c) - 171,079 Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. Includes impairment charges of $27 for branches and land. For more information refer to Note 8 and Note 25. Includes bank premises and equipment of $ 87 classified as held for sale. For more information refer to Note 8. Wealth General Commercial Branch Consumer and Asset Corporate September 30, 2018 ($ in millions) Banking Banking Lending Management and Other Eliminations Total Net interest income $ 1,273 1,490 178 134 ( 16) - 3,059 Provision for (benefit from) credit losses ( 41) 124 30 8 ( 10) - 111 Net interest income after provision for credit losses 1,314 1,366 148 126 ( 6) - 2,948 Total noninterest income Corporate banking revenue 304 (c) 4 - 1 ( 1) - 308 Service charges on deposits 207 205 - 1 1 - 414 Wealth and asset management revenue 3 113 - 324 ( 1) (104) (a) 335 Card and processing revenue 42 199 - 4 - - 245 Mortgage banking net revenue - 4 153 1 - - 158 Other noninterest income (b) 125 33 11 13 612 - 794 Securities losses, net - - - - ( 21) - ( 21) Securities losses, net - non-qualifying hedges on MSRs - - ( 18) - - - ( 18) Total noninterest income 681 558 146 344 590 ( 104) 2,215 Noninterest expense Salaries, wages and incentives 214 329 120 131 545 - 1,339 Employee benefits 36 75 28 23 108 - 270 Technology and communications 6 4 3 1 192 - 206 Net occupancy expense 20 131 8 9 51 - 219 Card and processing expense 3 89 - - ( 1) - 91 Equipment expense 18 37 - - 37 - 92 Other noninterest expense 652 638 151 217 ( 787) ( 104) 767 Total noninterest expense 949 1,303 310 381 145 ( 104) 2,984 Income (loss) before income taxes 1,046 621 ( 16) 89 439 - 2,179 Applicable income tax expense (benefit) 184 131 ( 3) 19 111 - 442 Net income (loss) 862 490 ( 13) 70 328 - 1,737 Total goodwill $ 630 1,655 - 177 - - 2,462 Total assets $ 60,040 60,222 22,188 9,171 (10,031) (d) - 141,590 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $ 41 for branches and land. For more information refer to Note 8 and Note 25. (c) Includes impairment charges of $ 4 for operating lease equipment. For more information refer to Note 25. (d) Includes bank premises and equipment of $ 38 classified as held for sale. For more information refer to Note 8.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2019
Subsequent Event
Subsequent Event	27. Subsequent Events On October 23, 2019, the Bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the Bancorp paid $ 300 million on October 25, 2019 to repurchase shares of its outstanding common stock. The Bancorp is repurchasing the shares of its common stock as part of its Board-approved 100 million share repurchase program previously announced on June 18, 2019. The Bancorp expects the settlement of the transaction to occur on or before December 17, 2019. On October 28, 2019, the Bancorp issued and sold $ 750 million of 2.375% senior fixed-rate notes, which will mature on January 28, 2025. These notes will be redeemable at the Bancorp’s option, in whole or in part, at any time or from time to time, on or after April 25, 2020, and prior to December 29, 2024, in each case at a redemption price, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date, equal to the greater of (i) 100% of the aggregate principal amount of the notes being redeemed on that redemption date; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed that would be due if the notes to be redeemed matured on December 29, 2024 discounted to the redemption date on a semi-annual basis at the applicable treasury rate plus 15 bps. Additionally, these notes will be redeemable by the Bancorp, in whole or in part, on or after the date that is 30 days prior to the maturity date at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date.

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2019
Supplemental Cash Flow
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) 2019 2018 Cash Payments: Interest $ 1,166 760 Income taxes 524 297 Transfers: Portfolio loans to loans held for sale 191 212 Loans held for sale to portfolio loans 30 83 Portfolio loans to OREO 23 28 Supplemental Disclosures: Conversion of outstanding preferred stock issued by a Bancorp subsidiary 197 - Additions to right-of-use assets under operating leases 43 - Additions to right-of-use assets under finance leases 13 - Right-of-use assets recognized at adoption of ASU 2016-02 509 -

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combination
Consideration Paid, Noncontrolling Interest Recognized, and Acquired Identifiable Assets and Liabilities	The following table reflects consideration paid and the noncontrolling interest recognized for MB Financial, Inc.’s net assets and the amounts of acquired identifiable assets and liabilities assumed at their estimated fair value as of the acquisition date: ($ in millions) Consideration paid Cash payments $ 469 Fair value of common stock issued 3,121 Stock-based awards 38 Dividend receivable from MB Financial, Inc. ( 20) Total consideration paid $ 3,608 Fair value of noncontrolling interest in acquiree $ 197 Net Identifiable Assets Acquired, at Fair Value: Assets Cash and due from banks $ 1,679 Federal funds sold 35 Other short-term investments 53 Available-for-sale debt and other securities 832 Held-to-maturity securities 4 Equity securities 51 Loans and leases held for sale 12 Portfolio loans and leases 13,409 (a) Bank premises and equipment 250 (a) Operating lease equipment 416 (a) Intangible assets 195 (a) Servicing rights 263 Other assets 723 (a) Total assets acquired $ 17,922 Liabilities Deposits $ 14,489 Other short-term borrowings 267 (a) Accrued taxes, interest and expenses 260 (a) Other liabilities 196 (a) Long-term debt 720 (a) Total liabilities assumed $ 15,932 Net identifiable assets acquired 1,990 Goodwill $ 1,815 (a) Fair values have been updated from the estimates reported in the March 31, 2019 Form 10-Q.
Merger-Related Expenses	The following table provides a summary of merger-related expenses recorded in noninterest expense: For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Salaries, wages and incentives $ 14 - 85 - Employee benefits - - 3 - Technology and communications 8 - 68 - Net occupancy expense 3 - 10 - Card and processing expense - - 1 - Equipment expense - - 1 - Other noninterest expense 3 1 45 3 Total $ 28 1 213 3
Unaudited Pro Forma	The following table presents unaudited pro forma information as if the acquisition of MB Financial, Inc. had occurred on January 1, 2018. Unaudited Pro Forma Information Unaudited Pro Forma Information For the three months ended September 30, For the nine months ended September 30, ($ in millions) 2019 2018 2019 2018 Net interest income $ 1,222 1,214 3,692 3,583 Noninterest income 738 661 2,600 2,514 Net income attributable to common shareholders 513 469 1,824 1,743
Accounting for Certain Loans Acquired in Transfer Disclosure [Table Text Block]	The following table reflects the contractually required payments receivable, cash flows expected to be collected and estimated fair value of loans identified as PCI loans on the acquisition date of MB Financial, Inc. These fair value estimates are considered preliminary as of September 30, 2019. ($ in millions) March 22, 2019 Contractually required payments including interest $ 1,139 Less: Nonaccretable difference 81 Cash flows expected to be collected 1,058 Less: Accretable yield 202 Fair value of loans acquired $ 856 A summary of activity related to accretable yield is as follows: ($ in millions) Accretable Yield Balance as of December 31, 2018 $ - Additions 202 Accretion ( 30) Reclassifications (to) from nonaccretable difference ( 2) Balance as of September 30, 2019 $ 170

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
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 investment securities portfolios as of: Amortized Unrealized Unrealized Fair September 30, 2019 ($ in millions) Cost Gains Losses Value Available-for-sale debt and other securities: U.S. Treasury and federal agency securities $ 74 1 - 75 Obligations of states and political subdivisions securities 2 - - 2 Mortgage-backed securities: Agency residential mortgage-backed securities 15,185 510 ( 1) 15,694 Agency commercial mortgage-backed securities 14,451 826 ( 1) 15,276 Non-agency commercial mortgage-backed securities 3,246 154 - 3,400 Asset-backed securities and other debt securities 2,129 37 ( 10) 2,156 Other securities (a) 575 - - 575 Total available-for-sale debt and other securities $ 35,662 1,528 ( 12) 37,178 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 16 - - 16 Asset-backed securities and other debt securities 2 - - 2 Total held-to-maturity securities $ 18 - - 18 Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $ 96, $ 477 and $ 2, respectively, at September 30, 2019, that are carried at cost. Amortized Unrealized Unrealized Fair December 31, 2018 ($ in millions) Cost Gains Losses Value Available-for-sale debt and other securities: U.S. Treasury and federal agency securities $ 98 - ( 1) 97 Obligations of states and political subdivisions securities 2 - - 2 Mortgage-backed securities: Agency residential mortgage-backed securities 16,403 86 ( 242) 16,247 Agency commercial mortgage-backed securities 10,770 44 ( 164) 10,650 Non-agency commercial mortgage-backed securities 3,305 9 ( 47) 3,267 Asset-backed securities and other debt securities 1,998 27 ( 10) 2,015 Other securities (a) 552 - - 552 Total available-for-sale debt and other securities $ 33,128 166 ( 464) 32,830 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 16 - - 16 Asset-backed securities and other debt securities 2 - - 2 Total held-to-maturity securities $ 18 - - 18 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $184, $366 and $2, respectively, at December 31, 2018, that are carried at cost. The following table provides the fair value of trading debt securities and equity securities as of: September 30, December 31, ($ in millions) 2019 2018 Trading debt securities $ 297 287 Equity securities 459 452
Realized Gains and Losses Recognized in Income from Investment Securities	The following table presents securities gains (losses) recognized in the Condensed Consolidated Statements of Income: For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Available-for-sale debt and other securities: Realized gains $ 3 4 51 61 Realized losses - ( 4) ( 47) ( 69) OTTI - - ( 1) - Net realized gains (losses) on available-for sale debt and other securities $ 3 - 3 ( 8) Total trading debt securities gains (losses) $ - ( 1) 5 ( 18) Total equity securities gains (losses) (a) $ 2 ( 6) 27 ( 13) Total gains (losses) recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (b) $ 5 ( 7) 35 ( 39) Includes an immaterial net unrealized gain and a net unrealized gain of $ 23 for the three and nine months ended September 30, 2019, respectively, and net unrealized losses of $ 6 and $ 12 for the three and nine months ended September 30, 2018, respectively. Excludes an insignificant amount of securities gains (losses) included in corporate banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income related to securities held by FTS to facilitate the timely execution of customer transactions.
Amortized Cost and Fair Value of Available-for-Sale Debt and Other and Held-to-Maturity Securities	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 investment securities as of September 30, 2019 are shown in the following table: Available-for-Sale Debt and Other Held-to-Maturity ($ in millions) Amortized Cost Fair Value Amortized Cost Fair Value Debt securities: (a) Less than 1 year $ 197 207 2 2 1-5 years 13,391 13,817 14 14 5-10 years 16,568 17,390 - - Over 10 years 4,931 5,189 2 2 Other securities 575 575 - - Total $ 35,662 37,178 18 18 (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 Unrealized Unrealized Unrealized ($ in millions) Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2019 Agency residential mortgage-backed securities $ 121 ( 1) 4 - 125 ( 1) Agency commercial mortgage-backed securities 134 ( 1) - - 134 ( 1) Asset-backed securities and other debt securities 453 ( 6) 196 ( 4) 649 ( 10) Total $ 708 ( 8) 200 ( 4) 908 ( 12) December 31, 2018 U.S. Treasury and federal agency securities $ - - 97 ( 1) 97 ( 1) Agency residential mortgage-backed securities 3,235 ( 21) 7,892 ( 221) 11,127 ( 242) Agency commercial mortgage-backed securities 2,022 ( 37) 5,260 ( 127) 7,282 ( 164) Non-agency commercial mortgage-backed securities 884 ( 6) 1,621 ( 41) 2,505 ( 47) Asset-backed securities and other debt securities 314 ( 6) 241 ( 4) 555 ( 10) Total $ 6,455 ( 70) 15,111 ( 394) 21,566 ( 464)

Loans and Leases (Tables)

Loans and Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Loans and Leases Receivable
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: September 30, December 31, ($ in millions) 2019 2018 Loans and leases held for sale: Commercial and industrial loans $ 86 67 Commercial mortgage loans - 3 Residential mortgage loans 1,137 537 Total loans and leases held for sale $ 1,223 607 Portfolio loans and leases: Commercial and industrial loans $ 50,768 44,340 Commercial mortgage loans 10,822 6,974 Commercial construction loans 5,281 4,657 Commercial leases 3,495 3,600 Total commercial loans and leases $ 70,366 59,571 Residential mortgage loans $ 16,675 15,504 Home equity 6,218 6,402 Indirect secured consumer loans 11,026 8,976 Credit card 2,467 2,470 Other consumer loans 2,657 2,342 Total consumer loans $ 39,043 35,694 Total portfolio loans and leases $ 109,409 95,265
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: 90 Days Past Due Carrying Value and Still Accruing September 30, December 31, September 30, December 31, ($ in millions) 2019 2018 2019 2018 Commercial and industrial loans $ 50,854 44,407 15 4 Commercial mortgage loans 10,822 6,977 18 2 Commercial construction loans 5,281 4,657 1 - Commercial leases 3,495 3,600 1 - Residential mortgage loans 17,812 16,041 48 38 Home equity 6,218 6,402 - - Indirect secured consumer loans 11,026 8,976 10 12 Credit card 2,467 2,470 38 37 Other consumer loans 2,657 2,342 1 - Total loans and leases $ 110,632 95,872 132 93 Less: Loans and leases held for sale 1,223 607 Total portfolio loans and leases $ 109,409 95,265 The following table presents a summary of net charge-offs (recoveries): For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Commercial and industrial loans $ 29 28 67 102 Commercial mortgage loans - ( 1) ( 1) 3 Commercial construction loans - - - - Commercial leases 4 - 7 - Residential mortgage loans 1 2 1 6 Home equity 2 3 8 9 Indirect secured consumer loans 13 9 34 28 Credit card 33 21 101 72 Other consumer loans 17 10 39 27 Total net charge-offs $ 99 72 256 247
Net Investment in Lease Financing	The following table presents the components of the net investment in leases as of: ($ in millions) September 30, 2019 (a) Net investment in direct financing leases: Lease payment receivable (present value) $ 2,415 Unguaranteed residual assets (present value) 226 Net discount on acquired leases ( 6) Deferred selling profits - Net investment in sales-type leases: Lease payment receivable (present value) 357 Unguaranteed residual assets (present value) 11 Net discount on acquired leases - (a) Excludes $ 492 of leveraged leases at September 30, 2019. The following table presents the components of the commercial lease financing portfolio as of: ($ in millions) December 31, 2018 Rentals receivable, net of principal and interest on nonrecourse debt $ 3,256 Estimated residual value of leased assets 804 Initial direct cost, net of amortization 19 Gross investment in commercial lease financing 4,079 Unearned income ( 479) Net investment in commercial lease financing $ 3,600
Schedule Of Future Minimum Lease Payments For Commercial Leases Table Text Block	The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2019 through 2024 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows: Direct Financing Leases Sales-Type Leases As of September 30, 2019 ($ in millions) Remainder of 2019 $ 220 19 2020 693 81 2021 514 91 2022 433 73 2023 262 43 2024 184 33 Thereafter 274 63 Total undiscounted cash flows $ 2,580 403 Less: Difference between undiscounted cash flows and discounted cash flows 165 46 Present value of lease payments (recognized as lease receivables) $ 2,415 357

Credit Quality and the Allowa_2

Credit Quality and the Allowance for Loan and Lease Losses (Tables)	9 Months Ended
	Sep. 30, 2019
Credit Quality and the Allowance for Loan and Leases Losses
Summary of Transactions in the ALLL	Allowance for Loan and Lease Losses The following tables summarize transactions in the ALLL by portfolio segment: Residential For the three months ended September 30, 2019 ($ in millions) Commercial Mortgage Consumer Unallocated Total Balance, beginning of period $ 651 76 276 112 1,115 Losses charged-off (a) ( 34) ( 2) ( 94) - ( 130) Recoveries of losses previously charged-off (a) 1 1 29 - 31 Provision for loan and lease losses 53 - 72 2 127 Balance, end of period $ 671 75 283 114 1,143 (a) For the three months ended September 30, 2019, the Bancorp recorded $12 in losses charged-off and recoveries of losses charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. Residential For the three months ended September 30, 2018 ($ in millions) Commercial Mortgage Consumer Unallocated Total Balance, beginning of period $ 654 86 229 108 1,077 Losses charged-off (a) ( 36) ( 3) ( 73) - ( 112) Recoveries of losses previously charged-off (a) 9 1 30 - 40 Provision for (benefit from) loan and lease losses 29 ( 1) 57 1 86 Balance, end of period $ 656 83 243 109 1,091 (a) For the three months ended September 30, 2018, the Bancorp recorded $8 in losses charged-off and recoveries of losses charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. Residential For the nine months ended September 30, 2019 ($ in millions) Commercial Mortgage Consumer Unallocated Total Balance, beginning of period $ 645 81 267 110 1,103 Losses charged-off (a) ( 87) ( 5) ( 266) - ( 358) Recoveries of losses previously charged-off (a) 14 4 84 - 102 Provision for (benefit from) loan and lease losses 99 ( 5) 198 4 296 Balance, end of period $ 671 75 283 114 1,143 (a) For the nine months ended September 30, 2019, the Bancorp recorded $35 in losses charged-off and recoveries of losses charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. Residential For the nine months ended September 30, 2018 ($ in millions) Commercial Mortgage Consumer Unallocated Total Balance, beginning of period $ 753 89 234 120 1,196 Losses charged-off (a) ( 124) ( 10) ( 200) - ( 334) Recoveries of losses previously charged-off (a) 19 4 64 - 87 Provision for (benefit from) loan and lease losses 8 - 145 ( 11) 142 Balance, end of period $ 656 83 243 109 1,091 (a) For the nine months ended September 30, 2018, the Bancorp recorded $18 in losses charged-off and recoveries of losses charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment	The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment: Residential As of September 30, 2019 ($ in millions) Commercial Mortgage Consumer Unallocated Total ALLL: (a) Individually evaluated for impairment $ 53 58 36 - 147 Collectively evaluated for impairment 618 17 247 - 882 Unallocated - - - 114 114 Total ALLL $ 671 75 283 114 1,143 Portfolio loans and leases: (b) Individually evaluated for impairment $ 358 758 255 - 1,371 Collectively evaluated for impairment 69,427 15,695 22,095 - 107,217 Purchased credit impaired 581 38 18 - 637 Total portfolio loans and leases $ 70,366 16,491 22,368 - 109,225 (a) Includes $1 related to leveraged leases at September 30, 2019. (b) Excludes $184 of residential mortgage loans measured at fair value and includes $492 of leveraged leases, net of unearned income at September 30, 2019. Residential As of December 31, 2018 ($ in millions) Commercial Mortgage Consumer Unallocated Total ALLL: (a) Individually evaluated for impairment $ 42 61 38 - 141 Collectively evaluated for impairment 603 20 229 - 852 Unallocated - - - 110 110 Total ALLL $ 645 81 267 110 1,103 Portfolio loans and leases: (b) Individually evaluated for impairment $ 277 736 278 - 1,291 Collectively evaluated for impairment 59,294 14,589 19,912 - 93,795 Total portfolio loans and leases $ 59,571 15,325 20,190 - 95,086 (a) Includes $1 related to leveraged leases at December 31, 2018. (b) Excludes $179 of residential mortgage loans measured at fair value and includes $624 of leveraged leases, net of unearned income at December 31, 2018.
Loan and leases balances by credit quality indicator	The following tables summarize the credit risk profile of the Bancorp’s commercial portfolio segment, by class: Special As of September 30, 2019 ($ in millions) Pass Mention Substandard Doubtful Total Commercial and industrial loans $ 47,944 1,300 1,513 11 50,768 Commercial mortgage owner-occupied loans 4,419 152 197 - 4,768 Commercial mortgage nonowner-occupied loans 5,786 76 192 - 6,054 Commercial construction loans 5,192 42 47 - 5,281 Commercial leases 3,364 42 89 - 3,495 Total commercial loans and leases $ 66,705 1,612 2,038 11 70,366 Special As of December 31, 2018 ($ in millions) Pass Mention Substandard Doubtful Total Commercial and industrial loans $ 42,695 779 853 13 44,340 Commercial mortgage owner-occupied loans 3,122 23 139 - 3,284 Commercial mortgage nonowner-occupied loans 3,632 27 31 - 3,690 Commercial construction loans 4,657 - - - 4,657 Commercial leases 3,475 72 53 - 3,600 Total commercial loans and leases $ 57,581 901 1,076 13 59,571 The following table presents a summary of the Bancorp’s residential mortgage and consumer portfolio segments, by class, disaggregated into performing versus nonperforming status as of: September 30, 2019 December 31, 2018 ($ in millions) Performing Nonperforming Performing Nonperforming Residential mortgage loans (a) $ 16,469 22 15,303 22 Home equity 6,138 80 6,332 70 Indirect secured consumer loans 11,024 2 8,975 1 Credit card 2,440 27 2,444 26 Other consumer loans 2,655 2 2,341 1 Total residential mortgage and consumer loans (a) $ 38,726 133 35,395 120 (a) Excludes $ 184 and $ 179 of residential mortgage loans measured at fair value at September 30, 2019 and December 31, 2018, respectively.
Summary by Age and Class of the Recorded Investment in Delinquencies Included in the Bancorp's Portfolio of Loans and Leases	Age Analysis of Past Due Loans and Leases The following tables summarize the Bancorp’s recorded investment in portfolio loans and leases, by age and class: Current Past Due 90 Days Past Loans and 30-89 90 Days Total Total Loans Due and Still As of September 30, 2019 ($ in millions) Leases (b)(c) Days (c) or More (c) Past Due and Leases Accruing Commercial loans and leases: Commercial and industrial loans $ 50,504 131 133 264 50,768 15 Commercial mortgage owner-occupied loans 4,742 9 17 26 4,768 3 Commercial mortgage nonowner-occupied loans 6,025 13 16 29 6,054 15 Commercial construction loans 5,280 - 1 1 5,281 1 Commercial leases 3,479 2 14 16 3,495 1 Residential mortgage loans (a) 16,390 32 69 101 16,491 48 Consumer loans: Home equity 6,097 63 58 121 6,218 - Indirect secured consumer loans 10,892 120 14 134 11,026 10 Credit card 2,375 49 43 92 2,467 38 Other consumer loans 2,633 21 3 24 2,657 1 Total portfolio loans and leases (a) $ 108,417 440 368 808 109,225 132 (a) Excludes $ 184 of residential mortgage loans measured at fair value at September 30, 2019. (b) 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, 2019, $96 of these loans were 30-89 days past due and $274 were 90 days or more past due. The Bancorp recognized $1 of losses during both the three and nine months ended September 30, 2019 due to claim denials and curtailments associated with these insured or guaranteed loans. (c) Includes accrual and nonaccrual loans and leases. Current Past Due 90 Days Past Loans and 30-89 90 Days Total Total Loans Due and Still As of December 31, 2018 ($ in millions) Leases (b)(c) Days (c) or More (c) Past Due and Leases Accruing Commercial loans and leases: Commercial and industrial loans $ 44,213 32 95 127 44,340 4 Commercial mortgage owner-occupied loans 3,277 1 6 7 3,284 2 Commercial mortgage nonowner-occupied loans 3,688 1 1 2 3,690 - Commercial construction loans 4,657 - - - 4,657 - Commercial leases 3,597 1 2 3 3,600 - Residential mortgage loans (a) 15,227 37 61 98 15,325 38 Consumer loans: Home equity 6,280 71 51 122 6,402 - Indirect secured consumer loans 8,844 119 13 132 8,976 12 Credit card 2,381 47 42 89 2,470 37 Other consumer loans 2,323 17 2 19 2,342 - Total portfolio loans and leases (a) $ 94,487 326 273 599 95,086 93 (a) Excludes $179 of residential mortgage loans measured at fair value at December 31, 2018. (b) 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, 2018, $90 of these loans were 30-89 days past due and $195 were 90 days or more past due. The Bancorp recognized $1 and $4 of losses during the three and nine months ended September 30, 2018, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (c) Includes accrual and nonaccrual loans and leases.
Summarizes the Bancorp's Recorded Investment in Impaired Loans and Related Allowance by Class	The following tables summarize the Bancorp’s impaired portfolio loans and leases, by class, that were subject to individual review, which includes all portfolio loans and leases restructured in a TDR: Unpaid Principal Recorded As of September 30, 2019 ($ in millions) Balance Investment ALLL With a related ALLL: Commercial loans and leases: Commercial and industrial loans $ 257 178 44 Commercial mortgage owner-occupied loans 5 5 - Commercial mortgage nonowner-occupied loans 1 1 - Commercial leases 31 27 9 Restructured residential mortgage loans 451 448 58 Restructured consumer loans: Home equity 134 134 22 Indirect secured consumer loans 4 4 1 Credit card 46 44 13 Total impaired portfolio loans and leases with a related ALLL $ 929 841 147 With no related ALLL: Commercial loans: Commercial and industrial loans $ 129 121 - Commercial mortgage owner-occupied loans 21 20 - Commercial mortgage nonowner-occupied loans 3 3 - Commercial leases 3 3 - Restructured residential mortgage loans 328 310 - Restructured consumer loans: Home equity 73 72 - Indirect secured consumer loans 1 1 - Total impaired portfolio loans with no related ALLL $ 558 530 - Total impaired portfolio loans and leases $ 1,487 1,371 (a) 147 Includes $ 34, $ 748 and $ 210, respectively, of commercial, residential mortgage and consumer portfolio TDRs on accrual status and $ 235, $ 10 and $ 45, respectively, of commercial, residential mortgage and consumer portfolio TDRs on nonaccrual status at September 30, 2019. Unpaid Principal Recorded As of December 31, 2018 ($ in millions) Balance Investment ALLL With a related ALLL: Commercial loans and leases: Commercial and industrial loans $ 156 107 34 Commercial mortgage owner-occupied loans 2 2 1 Commercial mortgage nonowner-occupied loans 2 1 - Commercial leases 23 22 7 Restructured residential mortgage loans 465 462 61 Restructured consumer loans: Home equity 146 145 22 Indirect secured consumer loans 5 4 1 Credit card 47 44 15 Total impaired portfolio loans and leases with a related ALLL $ 846 787 141 With no related ALLL: Commercial loans: Commercial and industrial loans $ 137 125 - Commercial mortgage owner-occupied loans 9 9 - Commercial mortgage nonowner-occupied loans 11 11 - Restructured residential mortgage loans 292 274 - Restructured consumer loans: Home equity 85 83 - Indirect secured consumer loans 2 2 - Total impaired portfolio loans with no related ALLL $ 536 504 - Total impaired portfolio loans and leases $ 1,382 1,291 a (a) 141 (a) Includes $60, $724 and $237, respectively, of commercial, residential mortgage and consumer portfolio TDRs on accrual status and $147, $12 and $41, respectively, of commercial, residential mortgage and consumer portfolio TDRs on nonaccrual status at December 31, 2018. The following table summarizes the Bancorp’s average impaired portfolio loans and leases, by class, and interest income, by class: For the three months ended For the nine months ended September 30, 2019 September 30, 2019 Average Interest Average Interest Recorded Income Recorded Income ($ in millions) Investment Recognized Investment Recognized Commercial loans and leases: Commercial and industrial loans $ 329 2 294 6 Commercial mortgage owner-occupied loans 26 - 22 - Commercial mortgage nonowner-occupied loans 5 - 9 - Commercial leases 33 - 28 1 Restructured residential mortgage loans 751 7 742 22 Restructured consumer loans: Home equity 209 3 217 9 Indirect secured consumer loans 5 - 6 - Credit card 43 1 43 3 Total average impaired portfolio loans and leases $ 1,401 13 1,361 41 For the three months ended For the nine months ended September 30, 2018 September 30, 2018 Average Interest Average Interest Recorded Income Recorded Income ($ in millions) Investment Recognized Investment Recognized Commercial loans and leases: Commercial and industrial loans $ 313 3 408 13 Commercial mortgage owner-occupied loans 11 - 17 - Commercial mortgage nonowner-occupied loans 21 - 27 - Commercial leases 28 - 17 - Restructured residential mortgage loans 767 7 744 21 Restructured consumer loans: Home equity 239 3 248 9 Indirect secured consumer loans 7 - 8 - Credit card 44 1 44 3 Total average impaired loans and leases $ 1,430 14 1,513 46
Summary of the Bancorp's Nonperforming Loans and Leases by Class	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 and credit card loans which have not yet met the requirements to be classified as a performing asset; restructured consumer loans which are 90 days past due based on the restructured terms unless the loan is both well-secured and in the process of collection; and certain other assets, including OREO and other repossessed property. The following table presents the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of: September 30, December 31, ($ in millions) 2019 2018 Commercial loans and leases: Commercial and industrial loans $ 293 193 Commercial mortgage owner-occupied loans 24 11 Commercial mortgage nonowner-occupied loans 2 2 Commercial leases 30 22 Total nonaccrual portfolio commercial loans and leases 349 228 Residential mortgage loans 22 22 Consumer loans: Home equity 80 69 Indirect secured consumer loans 2 1 Credit card 27 27 Other consumer loans 2 1 Total nonaccrual portfolio consumer loans 111 98 Total nonaccrual portfolio loans and leases (a)(b) $ 482 348 OREO and other repossessed property 37 47 Total nonperforming portfolio assets (a)(b) $ 519 395 (a) Excludes $13 and $16 of nonaccrual loans held for sale at September 30, 2019 and December 31, 2018, respectively. (b) Includes $15 and $6 of nonaccrual government insured commercial loans whose repayments are insured by the SBA at September 30, 2019 and December 31, 2018, respectively, of which $10 and $2 are restructured nonaccrual government insured commercial loans at September 30, 2019 and December 31, 2018, respectively.
Summary of Loans Modified in a TDR	The following tables provide a summary of loans and leases, by class, modified in a TDR by the Bancorp during the three months ended: Recorded Investment Increase Number of Loans in Loans Modified (Decrease) Charge-offs Modified in a TDR in a TDR to ALLL Upon Recognized Upon September 30, 2019 ($ in millions) (a) During the Period (b) During the Period Modification Modification Commercial loans: Commercial and industrial loans 27 $ 72 ( 1) - Commercial mortgage owner-occupied loans 4 1 - - Residential mortgage loans 256 39 1 - Consumer loans: Home equity 21 1 - - Indirect secured consumer loans 27 - - - Credit card 1,467 8 2 1 Total portfolio loans 1,802 $ 121 2 1 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. (b) Represents number of loans post-modification and excludes loans previously modified in a TDR. Recorded Investment (Decrease) Number of Loans in Loans Modified Increase Charge-offs Modified in a TDR in a TDR to ALLL Upon Recognized Upon September 30, 2018 ($ in millions) (a) During the Period (b) During the Period Modification Modification Commercial loans: Commercial and industrial loans 16 $ 52 ( 7) 7 Residential mortgage loans 185 24 1 - Consumer loans: Home equity 30 2 - - Indirect secured consumer loans 25 - - - Credit card 1,547 8 2 - Total portfolio loans 1,803 $ 86 ( 4) 7 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. (b) 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: Recorded Investment (Decrease) Number of Loans in Loans Modified Increase Charge-offs Modified in a TDR in a TDR to ALLL Upon Recognized Upon September 30, 2019 ($ in millions) (a) During the Period (b) During the Period Modification Modification Commercial loans: Commercial and industrial loans 65 $ 168 ( 15) 5 Commercial mortgage owner-occupied loans 13 10 - - Residential mortgage loans 531 74 1 - Consumer loans: Home equity 58 3 - - Indirect secured consumer loans 65 - - - Credit card 4,250 24 6 3 Total portfolio loans 4,982 $ 279 ( 8) 8 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. (b) Represents number of loans post-modification and excludes loans previously modified in a TDR. Recorded Investment Number of Loans in Loans and Leases Increase Charge-offs Modified in a TDR Modified in a TDR to ALLL Upon Recognized Upon September 30, 2018 ($ in millions) (a) During the Period (b) During the Period Modification Modification Commercial loans and leases: Commercial and industrial loans 41 $ 187 2 7 Commercial mortgage owner-occupied loans 2 - - - Residential mortgage loans 969 148 4 - Consumer loans: Home equity 84 6 - - Indirect secured consumer loans 64 - - - Credit card 5,187 27 6 1 Total portfolio loans 6,347 $ 368 12 8 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. (b) 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, 2019 and 2018 and were within 12 months of the restructuring date: Number of Recorded September 30, 2019 ($ in millions) (a) Contracts Investment Commercial loans: Commercial and industrial loans 1 $ 3 Commercial mortgage owner-occupied loans 2 - Residential mortgage loans 67 10 Consumer loans: Home equity 7 - Credit card 69 - Total portfolio loans 146 $ 13 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. Number of Recorded September 30, 2018 ($ in millions) (a) Contracts Investment Commercial loans: Commercial and industrial loans 5 $ 32 Residential mortgage loans 28 4 Consumer loans: Home equity 4 - Credit card 146 1 Total portfolio loans 183 $ 37 (a) Excludes all loans and leases 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, 2019 and 2018 and were within twelve months of the restructuring date: Number of Recorded September 30, 2019 ($ in millions) (a) Contracts Investment Commercial loans: Commercial and industrial loans 8 $ 20 Commercial mortgage owner-occupied loans 4 1 Residential mortgage loans 196 30 Consumer loans: Home equity 12 - Credit card 605 3 Total portfolio loans 825 $ 54 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. Number of Recorded September 30, 2018 ($ in millions) (a) Contracts Investment Commercial loans: Commercial and industrial loans 8 $ 61 Commercial mortgage owner-occupied loans 2 - Residential mortgage loans 138 24 Consumer loans: Home equity 6 - Credit card 525 3 Total portfolio loans 679 $ 88 (a) Excludes all loans and leases held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool.

Bank Premises and Equipment (Ta

Bank Premises and Equipment (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 December 31, 2018 Land and improvements (a) $ 640 586 Buildings (a) 1,552 1,547 Equipment 2,095 1,987 Leasehold improvements 415 403 Construction in progress (a) 98 81 Bank premises and equipment held for sale: Land and improvements 50 25 Buildings 32 14 Equipment 5 3 Accumulated depreciation and amortization ( 2,834) ( 2,785) Total bank premises and equipment $ 2,053 1,861 (a) At September 30, 2019 and December 31, 2018, land and improvements, buildings and construction in progress included $ 60 and $ 55, respectively, associated with parcels of undeveloped land intended for future branch expansion.

Operating Lease Equipment (Tabl

Operating Lease Equipment (Tables)	9 Months Ended
	Sep. 30, 2019
Operating Lease Equipment
Undiscounted Future Lease Payments of Operating Leases	The following table presents undiscounted future lease payments for operating leases for the remainder of 2019 through 2024 and thereafter: Undiscounted Cash Flows As of September 30, 2019 ($ in millions) Remainder of 2019 $ 41 2020 143 2021 114 2022 85 2023 61 2024 36 Thereafter 62 Total operating lease payments $ 542

Lease Obligations - Lessee (Tab

Lease Obligations - Lessee (Tables)	9 Months Ended
	Sep. 30, 2019
Lease Obligations - Lessee
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, 2019 Assets Operating lease right-of-use assets Other assets $ 462 Finance lease right-of-use assets Bank premises and equipment 25 Total right-of-use assets (a) $ 487 Liabilities Operating lease liabilities Accrued taxes, interest and expenses $ 543 Finance lease liabilities Long-term debt 26 Total lease liabilities $ 569 (a) Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $ 57 and $ 25 as of September 30, 2019, respectively.
Components of Lease Costs	The following table presents the components of lease costs: For the three months ended September 30, 2019 For the nine months ended September 30, 2019 ($ in millions) Condensed Consolidated Statements of Income Caption Lease costs: Amortization of right-of-use assets Net occupancy and equipment expense $ 2 5 Interest on lease liabilities Interest on long-term debt - - Total finance lease costs $ 2 5 Operating lease cost Net occupancy expense $ 25 72 Short-term lease cost Net occupancy expense - - Variable lease cost Net occupancy expense 7 23 Sublease income Net occupancy expense ( 1) ( 3) Total operating lease costs $ 31 92 Total lease costs $ 33 97
Undiscounted Cash Flows for Operating and Finance Leases	The following table presents undiscounted cash flows for both operating leases and finance leases for the remainder of 2019 through 2024 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities as follows: Operating Leases Finance Leases As of September 30, 2019 ($ in millions) Total Remainder of 2019 $ 25 2 27 2020 88 6 94 2021 77 5 82 2022 72 4 76 2023 63 1 64 2024 55 1 56 Thereafter 258 14 272 Total undiscounted cash flows $ 638 33 671 Less: Difference between undiscounted cash flows and discounted cash flows 95 7 102 Present value of lease liabilities $ 543 26 569
Lease Obligations, Other Information	The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: September 30, 2019 Weighted-average remaining lease term (years): Operating leases 9.35 Finance leases 11.35 Weighted-average discount rate: Operating leases 3.24 % Finance leases 4.78 The following table presents information related to lease transactions for the nine months ended: ($ in millions) September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 72 Operating cash flows from finance leases 1 Financing cash flows from finance leases 3 Gains on sale and leaseback transactions 5 (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 (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill
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, 2019 and the year ended December 31, 2018 were as follows: Wealth General Commercial Branch Consumer and Asset Corporate ($ in millions) Banking Banking Lending Management and Other Total Goodwill $ 1,363 1,655 215 177 - 3,410 Accumulated impairment losses ( 750) - ( 215) - - ( 965) Net carrying value as of December 31, 2017 $ 613 1,655 - 177 - 2,445 Acquisition activity 17 - - 16 - 33 Net carrying value as of December 31, 2018 $ 630 1,655 - 193 - 2,478 Acquisition activity 1,352 399 - 64 - 1,815 Sale of business - - - ( 3) - ( 3) Net carrying value as of September 30, 2019 $ 1,982 2,054 - 254 - 4,290

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Intangible Assets
Intangible Assets	The details of the Bancorp’s intangible assets are shown in the following table: Gross Carrying Accumulated Net Carrying ($ in millions) Amount Amortization Amount As of September 30, 2019 Core deposit intangibles $ 229 ( 57) 172 Customer relationships 29 ( 5) 24 Non-compete agreements 13 ( 11) 2 Other 4 ( 1) 3 Total intangible assets $ 275 ( 74) 201 As of December 31, 2018 Core deposit intangibles $ 34 ( 30) 4 Customer relationships 32 ( 3) 29 Non-compete agreements 14 ( 11) 3 Other 7 ( 3) 4 Total intangible assets $ 87 ( 47) 40
Estimated Amortization Expense	Estimated amortization expense for the remainder of 2019 through 2023 is as follows: ($ in millions) Total Remainder of 2019 $ 14 2020 48 2021 40 2022 32 2023 24

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2019
Variable Interest Entities
Consolidation of Variable Interest Entities Disclosure	The following tables provide a summary of the classifications of consolidated VIE assets, liabilities and noncontrolling interests included in the Condensed Consolidated Balance Sheets for automobile loan securitizations as of: ($ in millions) September 30, 2019 December 31, 2018 Assets: Other short-term investments $ 76 40 Indirect secured consumer loans 1,543 668 ALLL ( 9) ( 4) Other assets 11 5 Total assets $ 1,621 709 Liabilities: Other liabilities $ 3 1 Long-term debt 1,438 606 Total liabilities $ 1,441 607
Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses	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: Total Total Maximum September 30, 2019 ($ in millions) Assets Liabilities Exposure CDC investments $ 1,424 440 1,424 Private equity investments 84 - 161 Loans provided to VIEs 2,628 - 3,979 Lease pool entities 66 - 66 Total Total Maximum December 31, 2018 ($ in millions) Assets Liabilities Exposure CDC investments $ 1,198 376 1,198 Private equity investments 41 - 73 Loans provided to VIEs 2,331 - 3,617
Investments in Qualified Affordable Housing Tax Credits	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 For the three months ended September 30, For the nine months ended September 30, ($ in millions) Statements of Income Caption (a) 2019 2018 2019 2018 Proportional amortization Applicable income tax expense $ 31 35 105 118 Tax credits and other benefits Applicable income tax expense ( 35) ( 44) ( 122) ( 146) 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, 2019 and 2018.

Sales of Receivables and Serv_2

Sales of Receivables and Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2019
Sales of Receivables and Servicing Rights
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 September 30, September 30, ($ in millions) 2019 2018 2019 2018 Residential mortgage loan sales (a) $ 2,397 1,446 5,212 3,919 Origination fees and gains on loan sales 64 25 126 77 Gross mortgage servicing fees 71 56 196 162 Represents the unpaid principal balance at the time of the sale.
Changes in the 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) 2019 2018 Balance, beginning of period $ 938 858 Servicing rights originated - residential mortgage loans 99 62 Servicing rights acquired - residential mortgage loans 26 82 Servicing rights obtained in acquisition - residential mortgage loans 263 - Changes in fair value: Due to changes in inputs or assumptions (a) ( 294) 103 Other changes in fair value (b) ( 122) ( 95) Balance, end of period $ 910 1,010 Primarily reflects changes in prepayment speed and OAS spread assumptions which are updated based on market interest rates. Primarily reflects changes due to collection of contractual 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 September 30, September 30, ($ in millions) 2019 2018 2019 2018 Securities gains (losses), net - non-qualifying hedges on MSRs $ - ( 1) 5 ( 18) Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio (a) 130 ( 24) 308 ( 89) MSR fair value adjustment due to changes in inputs or assumptions (a) ( 120) 25 ( 294) 103 (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 interests in 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, 2019 and 2018 were as follows: September 30, 2019 September 30, 2018 Rate Weighted-Average Life (in years) Prepayment Speed (annual) OAS Spread (bps) Weighted-Average Life (in years) Prepayment Speed (annual) OAS Spread (bps) Residential mortgage loans: Servicing rights Fixed 5.5 13.7 % 543 6.5 11.1 % 517 Servicing rights Adjustable - - - 3.3 23.7 700
Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions	At September 30, 2019, 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 spread are as follows: Prepayment OAS Speed Assumption Spread Assumption OAS Spread Impact of Weighted- Impact of Adverse Change Adverse Change Fair Average Life on Fair Value on Fair Value ($ in millions) (a) Rate Value (in years) Rate 10% 20% 50% (bps) 10% 20% Residential mortgage loans: Servicing rights Fixed $ 899 4.7 15.4 % $ ( 32) ( 62) ( 143) 619 $ ( 18) ( 36) Servicing rights Adjustable 11 3.4 23.4 ( 1) ( 1) ( 3) 914 - - (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, 2019
Derivative Financial Instruments
Notional Amounts and Fair Values for All Derivative Instruments Included in the Consolidated Balance Sheets	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 Notional Derivative Derivative September 30, 2019 ($ in millions) Amount Assets Liabilities Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 2,705 459 3 Total fair value hedges 459 3 Cash flow hedges: Interest rate floors related to C&I loans 3,000 156 - Interest rate swaps related to C&I loans 8,000 - 72 Total cash flow hedges 156 72 Total derivatives designated as qualifying hedging instruments 615 75 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives - risk management and other business purposes: Interest rate contracts related to MSR portfolio 6,420 178 12 Forward contracts related to residential mortgage loans held for sale 2,693 3 5 Swap associated with the sale of Visa, Inc. Class B Shares 2,834 - 146 Total free-standing derivatives - risk management and other business purposes 181 163 Free-standing derivatives - customer accommodation: Interest rate contracts (a) 71,511 727 169 Interest rate lock commitments 1,096 24 - Commodity contracts 8,144 368 353 TBA securities 28 - - Foreign exchange contracts 13,924 182 151 Total free-standing derivatives - customer accommodation 1,301 673 Total derivatives not designated as qualifying hedging instruments 1,482 836 Total $ 2,097 911 Derivative assets and liabilities are presented net of variation margin of $ 36 and $ 621, respectively. Fair Value Notional Derivative Derivative December 31, 2018 ($ in millions) Amount Assets Liabilities Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 3,455 262 2 Total fair value hedges 262 2 Cash flow hedges: Interest rate floors related to C&I loans 3,000 69 - Interest rate swaps related to C&I loans 8,000 15 27 Total cash flow hedges 84 27 Total derivatives designated as qualifying hedging instruments 346 29 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives - risk management and other business purposes: Interest rate contracts related to MSR portfolio 10,045 40 14 Forward contracts related to residential mortgage loans held for sale 926 - 8 Swap associated with the sale of Visa, Inc. Class B Shares 2,174 - 125 Foreign exchange contracts 133 4 - Total free-standing derivatives - risk management and other business purposes 44 147 Free-standing derivatives - customer accommodation: Interest rate contracts 55,012 262 278 Interest rate lock commitments 407 7 - Commodity contracts 6,511 307 278 TBA securities 18 - - Foreign exchange contracts 13,205 148 142 Total free-standing derivatives - customer accommodation 724 698 Total derivatives not designated as qualifying hedging instruments 768 845 Total $ 1,114 874
Net Gains (Losses) Recognized in the Income Statement Related to Derivatives in Fair Value Hedging Relationships	The following table reflects the change in fair value of interest rate contracts, designated as fair value hedges, as well as the change in fair value of the related hedged items attributable to the risk being hedged, included in the Condensed Consolidated Statements of Income: For the three months For the nine months Condensed Consolidated ended September 30, ended September 30, ($ in millions) Statements of Income Caption 2019 2018 2019 2018 Change in fair value of interest rate swaps hedging long-term debt Interest on long-term debt $ 75 ( 29) 219 ( 110) Change in fair value of hedged long-term debt attributable to the risk being hedged Interest on long-term debt ( 74) 31 ( 214) 113 The following amounts were recorded in the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of: Condensed Consolidated ($ in millions) Balance Sheets Caption September 30, 2019 Carrying amount of the hedged items Long-term debt $ 3,455 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Long-term debt ( 467)
Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges	The following table presents the pretax net gains (losses) 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 September 30, September 30, ($ in millions) 2019 2018 2019 2018 Amount of pretax net gains (losses) recognized in OCI $ 105 ( 25) 456 ( 31) Amount of pretax net gains (losses) reclassified from OCI into net income 5 ( 2) 2 ( 2)
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: For the three months For the nine months Condensed Consolidated ended September 30, ended September 30, ($ in millions) Statements of Income Caption 2019 2018 2019 2018 Interest rate contracts: Forward contracts related to residential mortgage loans held for sale Mortgage banking net revenue $ 11 7 6 4 Interest rate contracts related to MSR portfolio Mortgage banking net revenue 130 ( 24) 308 ( 89) Foreign exchange contracts: Foreign exchange contracts for risk management purposes Other noninterest income 2 ( 1) ( 3) 3 Equity contracts: Swap associated with sale of Visa, Inc. Class B Shares Other noninterest income ( 11) ( 17) ( 63) ( 66)
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: September 30, December 31, ($ in millions) 2019 2018 Pass $ 4,188 3,919 Special mention 144 79 Substandard 13 4 Total $ 4,345 4,002
Net Gains (Losses) Recognized in the Income Statement Related to Free-Standing Derivative Instruments Used For Customer Accomodation	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: For the three months For the nine months Condensed Consolidated ended September 30, ended September 30, ($ in millions) Statements of Income Caption 2019 2018 2019 2018 Interest rate contracts: Interest rate contracts for customers (contract revenue) Corporate banking revenue $ 12 7 30 23 Interest rate contracts for customers (credit portion of fair value adjustment) Other noninterest expense ( 5) - ( 18) - Interest rate lock commitments Mortgage banking net revenue 50 17 108 52 Commodity contracts: Commodity contracts for customers (contract revenue) Corporate banking revenue 3 3 6 7 Commodity contracts for customers (credit portion of fair value adjustment) Other noninterest expense - - - ( 1) Foreign exchange contracts: Foreign exchange contracts for customers (contract revenue) Corporate banking revenue 12 16 36 43 Foreign exchange contracts for customers (contract revenue) Other noninterest income 7 3 15 8 Foreign exchange contracts for customers (credit portion of fair value adjustment) Other noninterest expense - - - 1
Offsetting Derivative Financial Instruments	The following tables provide a summary of offsetting derivative financial instruments: Gross Amount Gross Amounts Not Offset in the Recognized in the Condensed Consolidated Balance Sheets Condensed Consolidated As of September 30, 2019 ($ in millions) Balance Sheets (a) Derivatives Collateral (b) Net Amount Assets: Derivatives $ 2,073 ( 550) ( 630) 893 Total assets 2,073 ( 550) ( 630) 893 Liabilities: Derivatives 911 ( 550) ( 18) 343 Total liabilities $ 911 ( 550) ( 18) 343 (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. Gross Amount Gross Amounts Not Offset in the Recognized in the Condensed Consolidated Balance Sheets Condensed Consolidated As of December 31, 2018 ($ in millions) Balance Sheets (a) Derivatives Collateral (b) Net Amount Assets: Derivatives $ 1,107 ( 410) ( 348) 349 Total assets 1,107 ( 410) ( 348) 349 Liabilities: Derivatives 874 ( 410) ( 123) 341 Total liabilities $ 874 ( 410) ( 123) 341 (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, 2019
Short-term Debt
Schedule Of Short Term Debt	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: September 30, December 31, ($ in millions) 2019 2018 FHLB advances $ 2,850 - Derivative collateral 602 271 Securities sold under repurchase agreements 594 302 Total other short-term borrowings $ 4,046 573

Capital Actions (Tables)

Capital Actions (Tables)	9 Months Ended
	Sep. 30, 2019
Capital Actions
Summary of the Bancorp's Accelerated Share Repurchase Transactions	The following table presents a summary of the Bancorp's accelerated share repurchase transactions which were entered into and settled during the nine months ended September 30, 2019: Repurchase Dates Amount ($ in millions) Shares Repurchased on Repurchase Date Shares Received from Forward Contract Settlement Total Shares Repurchased Settlement Dates March 27, 2019 (a) $ 913 31,779,280 2,026,584 33,805,864 June 28, 2019 April 29, 2019 (b) 200 6,015,570 1,217,805 7,233,375 May 23, 2019 - May 24, 2019 August 7, 2019 100 3,150,482 694,238 3,844,720 August 16, 2019 August 9, 2019 (b) 200 6,405,426 1,475,487 7,880,913 August 28, 2019 (a) This accelerated share repurchase transaction consisted of two supplemental confirmations each with a notional amount of $456.5 million. (b) This accelerated share repurchase transaction consisted of two supplemental confirmations each with a notional amount of $100 million.

Commitments, Contingent Liabi_2

Commitments, Contingent Liabilities and Guarantees (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments, Contingent Liabilities and Guarantees
Summary of Significant Commitments	Commitments The Bancorp has certain commitments to make future payments under contracts. The following table reflects a summary of significant commitments as of: September 30, December 31, ($ in millions) 2019 2018 Commitments to extend credit $ 79,076 70,415 Letters of credit 2,219 2,041 Forward contracts related to residential mortgage loans held for sale 2,693 926 Purchase obligations 114 126 Capital commitments for private equity investments 77 32 Capital expenditures 85 45
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: September 30, December 31, ($ in millions) 2019 2018 Pass $ 78,124 69,928 Special mention 474 271 Substandard 477 216 Doubtful 1 - Total commitments to extend credit $ 79,076 70,415
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, 2019: ($ in millions) Less than 1 year (a) $ 1,124 1 - 5 years (a) 1,056 Over 5 years 39 Total letters of credit $ 2,219 (a) Includes $ 1 and $ 5 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire less than 1 year and between 1 - 5 years, respectively.
Credit Risk associated with Letters of Credit	Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of: September 30, December 31, ($ in millions) 2019 2018 Pass $ 2,075 1,905 Special mention 11 10 Substandard 132 126 Doubtful 1 - Total letters of credit $ 2,219 2,041
Activity in Reserve for Representation and Warranty Provisions	The following table summarizes activity in the reserve for representation and warranty provisions: For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Balance, beginning of period $ 7 7 6 9 Net additions (reductions) to the reserve - ( 1) 1 ( 3) Balance, end of period $ 7 6 7 6
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense	The following tables provide a rollforward of unresolved claims by claimant type for the nine months ended: GSE Private Label September 30, 2019 ($ in millions) Units Dollars Units Dollars Balance, beginning of period 9 $ 1 1 $ - New demands 213 38 7 - Loan paydowns/payoffs ( 3) - - - Resolved demands ( 194) ( 34) ( 3) - Balance, end of period 25 $ 5 5 $ - GSE Private Label September 30, 2018 ($ in millions) Units Dollars Units Dollars Balance, beginning of period 6 $ 1 1 $ - New demands 104 17 - - Resolved demands ( 85) ( 13) - - Balance, end of period 25 $ 5 1 $ -
Visa Funding and Bancorp Cash Payments	After the Bancorp’s sale of the Class B Shares, Visa 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: Visa Bancorp Cash Period ($ in millions) Funding Amount Payment Amount 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 i Q3 2019 300 (a) (a) The Bancorp made a cash payment of $ 12 million to the swap counterparty on October 8, 2019 as a result of the Visa escrow funding in the third quarter of 2019.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2019
Accumulated Other Comprehensive Income
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 Pretax Tax Net Beginning Net Ending September 30, 2019 ($ in millions) Activity Effect Activity Balance Activity Balance Unrealized holding gains on available-for-sale debt securities arising during period $ 497 ( 118) 379 Reclassification adjustment for net gains on available-for-sale debt securities included in net income ( 3) 1 ( 2) Net unrealized gains on available-for-sale debt securities 494 ( 117) 377 781 377 1,158 Unrealized holding gains on cash flow hedge derivatives arising during period 105 ( 22) 83 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income ( 5) 1 ( 4) Net unrealized gains on cash flow hedge derivatives 100 ( 21) 79 440 79 519 Reclassification of amounts to net periodic benefit costs 1 - 1 Defined benefit pension plans, net 1 - 1 ( 43) 1 ( 42) Total $ 595 ( 138) 457 1,178 457 1,635 Total OCI Total AOCI Pretax Tax Net Beginning Net Ending September 30, 2018 ($ in millions) Activity Effect Activity Balance Activity Balance Unrealized holding losses on available-for-sale debt securities arising during period $ ( 271) 64 ( 207) Reclassification adjustment for net losses on available-for-sale debt securities included in net income - - - Net unrealized losses on available-for-sale debt securities ( 271) 64 ( 207) ( 485) ( 207) ( 692) Unrealized holding losses on cash flow hedge derivatives arising during period ( 25) 6 ( 19) Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 2 - 2 Net unrealized losses on cash flow hedge derivatives ( 23) 6 ( 17) ( 16) ( 17) ( 33) Net actuarial loss arising during the period ( 2) - ( 2) Reclassification of amounts to net periodic benefit costs 3 - 3 Defined benefit pension plans, net 1 - 1 ( 51) 1 ( 50) Total $ ( 293) 70 ( 223) ( 552) ( 223) ( 775) The tables below present the activity of the components of OCI and AOCI for the nine months ended: Total OCI Total AOCI Pretax Tax Net Beginning Net Ending September 30, 2019 ($ in millions) Activity Effect Activity Balance Activity Balance Unrealized holding gains on available-for-sale debt securities arising during period $ 1,817 ( 430) 1,387 Reclassification adjustment for net gains on available-for-sale debt securities included in net income ( 3) 1 ( 2) Net unrealized gains on available-for-sale debt securities 1,814 ( 429) 1,385 ( 227) 1,385 1,158 Unrealized holding gains on cash flow hedge derivatives arising during period 456 ( 95) 361 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income ( 2) - ( 2) Net unrealized gains on cash flow hedge derivatives 454 ( 95) 359 160 359 519 Reclassification of amounts to net periodic benefit costs 4 ( 1) 3 Defined benefit pension plans, net 4 ( 1) 3 ( 45) 3 ( 42) Total $ 2,272 ( 525) 1,747 ( 112) 1,747 1,635 Total OCI Total AOCI Pretax Tax Net Beginning Net Ending September 30, 2018 ($ in millions) Activity Effect Activity Balance Activity Balance Unrealized holding losses on available-for-sale debt securities arising during period $ ( 1,082) 248 ( 834) Reclassification adjustment for net losses on available-for-sale debt securities included in net income 9 ( 2) 7 Net unrealized losses on available-for-sale debt securities ( 1,073) 246 ( 827) 135 ( 827) ( 692) Unrealized holding losses on cash flow hedge derivatives arising during period ( 31) 7 ( 24) Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 2 - 2 Net unrealized losses on cash flow hedge derivatives ( 29) 7 ( 22) ( 11) ( 22) ( 33) Net actuarial loss arising during the period ( 2) - ( 2) Reclassification of amounts to net periodic benefit costs 7 ( 2) 5 Defined benefit pension plans, net 5 ( 2) 3 ( 53) 3 ( 50) Total $ ( 1,097) 251 ( 846) 71 ( 846) ( 775)
Reclassification Out of Accumulated Other Comprehensive Income to Net Income	The table below presents reclassifications out of AOCI: For the three months ended September 30, For the nine months ended September 30, Condensed Consolidated ($ in millions) Statements of Income Caption 2019 2018 2019 2018 Net unrealized gains (losses) on available-for-sale debt securities: (b) Net gains (losses) included in net income Securities gains (losses), net $ 3 - 3 ( 9) Income before income taxes 3 - 3 ( 9) Applicable income tax expense ( 1) - ( 1) 2 Net income 2 - 2 ( 7) Net unrealized gains (losses) on cash flow hedge derivatives: (b) Interest rate contracts related to C&I loans Interest and fees on loans and leases 5 ( 2) 2 ( 2) Income before income taxes 5 ( 2) 2 ( 2) Applicable income tax expense ( 1) - - - Net income 4 ( 2) 2 ( 2) Net periodic benefit costs: (b) Amortization of net actuarial loss Employee benefits (a) ( 1) ( 1) ( 4) ( 5) Settlements Employee benefits (a) - ( 2) - ( 2) Income before income taxes ( 1) ( 3) ( 4) ( 7) Applicable income tax expense - - 1 2 Net income ( 1) ( 3) ( 3) ( 5) Total reclassifications for the period Net income $ 5 ( 5) 1 ( 14) This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 20 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2018 for further information. Amounts in parentheses indicate reductions to net income.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share
Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share	The following tables provide the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share: 2019 2018 For the three months ended September 30, Average Per Share Average Per Share (in millions, except per share data) Income Shares Amount Income Shares Amount Earnings Per Share: Net income available to common shareholders $ 530 421 Less: Income allocated to participating securities 4 4 Net income allocated to common shareholders $ 526 727 0.72 417 668 0.62 Earnings Per Diluted Share: Net income available to common shareholders $ 530 421 Effect of dilutive securities: Stock-based awards - 9 - 11 Net income available to common shareholders 530 421 plus assumed conversions Less: Income allocated to participating securities 4 4 Net income allocated to common shareholders plus assumed conversions $ 526 736 0.71 417 679 0.61 2019 2018 For the nine months ended September 30, Average Per Share Average Per Share (in millions, except per share data) Income Shares Amount Income Shares Amount Earnings Per Share: Net income available to common shareholders $ 1,718 1,685 Less: Income allocated to participating securities 16 18 Net income allocated to common shareholders $ 1,702 709 2.40 1,667 680 2.45 Earnings Per Diluted Share: Net income available to common shareholders $ 1,718 1,685 Effect of dilutive securities: Stock-based awards - 9 - 13 Net income available to common shareholders 1,718 1,685 plus assumed conversions Less: Income allocated to participating securities 16 18 Net income allocated to common shareholders plus assumed conversions $ 1,702 718 2.37 1,667 693 2.41

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Measurements
Assets and Liabilities Measured at Fair Value on a Recurring Basis	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, 2019 ($ in millions) Level 1 (c) Level 2 (c) Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agency securities $ 75 - - 75 Obligations of states and political subdivisions securities - 2 - 2 Mortgage-backed securities: Agency residential mortgage-backed securities - 15,694 - 15,694 Agency commercial mortgage-backed securities - 15,276 - 15,276 Non-agency commercial mortgage-backed securities - 3,400 - 3,400 Asset-backed securities and other debt securities - 2,156 - 2,156 Available-for-sale debt and other securities (a) 75 36,528 - 36,603 Trading debt securities: U.S. Treasury and federal agency securities 2 1 - 3 Obligations of states and political subdivisions securities - 29 - 29 Agency residential mortgage-backed securities - 69 - 69 Asset-backed securities and other debt securities - 196 - 196 Trading debt securities 2 295 - 297 Equity securities 449 10 - 459 Residential mortgage loans held for sale - 1,136 - 1,136 Residential mortgage loans (b) - - 184 184 Commercial loans held for sale - 1 - 1 MSRs - - 910 910 Derivative assets: Interest rate contracts 3 1,520 24 1,547 Foreign exchange contracts - 182 - 182 Commodity contracts 89 279 - 368 Derivative assets (d) 92 1,981 24 2,097 Total assets $ 618 39,951 1,118 41,687 Liabilities: Derivative liabilities: Interest rate contracts $ 5 247 9 261 Foreign exchange contracts - 151 - 151 Equity contracts - - 146 146 Commodity contracts 9 344 - 353 Derivative liabilities (e) 14 742 155 911 Short positions (e) 68 44 - 112 Total liabilities $ 82 786 155 1,023 Excludes FHLB, FRB and DTCC restricted stock holdings totaling $ 96, $ 477 and $ 2, respectively, at September 30, 2019. Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. During the nine months ended September 30, 2019, no assets or liabilities were transferred between Level 1 and Level 2. Included in other assets in the Condensed Consolidated Balance Sheets. Included in other liabilities in the Condensed Consolidated Balance Sheets. Fair Value Measurements Using December 31, 2018 ($ in millions) Level 1 (c) Level 2 (c) Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agency securities $ 97 - - 97 Obligations of states and political subdivisions securities - 2 - 2 Mortgage-backed securities: Agency residential mortgage-backed securities - 16,247 - 16,247 Agency commercial mortgage-backed securities - 10,650 - 10,650 Non-agency commercial mortgage-backed securities - 3,267 - 3,267 Asset-backed securities and other debt securities - 2,015 - 2,015 Available-for-sale debt and other securities (a) 97 32,181 - 32,278 Trading debt securities: U.S. Treasury and federal agency securities - 16 - 16 Obligations of states and political subdivisions securities - 35 - 35 Agency residential mortgage-backed securities - 68 - 68 Asset-backed securities and other debt securities - 168 - 168 Trading debt securities - 287 - 287 Equity securities 452 - - 452 Residential mortgage loans held for sale - 537 - 537 Residential mortgage loans (b) - - 179 179 Commercial loans held for sale - 7 - 7 MSRs - - 938 938 Derivative assets: Interest rate contracts - 648 7 655 Foreign exchange contracts - 152 - 152 Commodity contracts 93 214 - 307 Derivative assets (d) 93 1,014 7 1,114 Total assets $ 642 34,026 1,124 35,792 Liabilities: Derivative liabilities: Interest rate contracts $ 8 313 8 329 Foreign exchange contracts - 142 - 142 Equity contracts - - 125 125 Commodity contracts 19 259 - 278 Derivative liabilities (e) 27 714 133 874 Short positions (e) 110 28 - 138 Total liabilities $ 137 742 133 1,012 (a) Excludes FHLB, FRB, and DTCC restricted stock holdings totaling $184, $366 and $2, respectively, at December 31, 2018. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) During the year ended December 31, 2018, no assets or liabilities were transferred between Level 1 and Level 2. (d) Included in other assets in the Condensed Consolidated Balance Sheets. (e) Included in other liabilities in the Condensed Consolidated Balance Sheets.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Residential Interest Rate Mortgage Derivatives, Equity Total For the three months ended September 30, 2019 ($ in millions) Loans MSRs Net (a) Derivatives Fair Value Balance, beginning of period $ 192 1,039 5 ( 151) 1,085 Total (losses) gains (realized/unrealized): Included in earnings - ( 171) 51 ( 11) ( 131) Purchases/originations - 42 ( 1) - 41 Settlements ( 11) - ( 40) 16 ( 35) Transfers into Level 3 (b) 3 - - - 3 Balance, end of period $ 184 910 15 ( 146) 963 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at September 30, 2019 (c) $ - ( 131) 24 ( 11) ( 118) Net interest rate derivatives include derivative assets and liabilities of $ 24 and $ 9, respectively, as of September 30, 2019. Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Includes interest income and expense. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Residential Interest Rate Mortgage Derivatives, Equity Total For the three months ended September 30, 2018 ($ in millions) Loans MSRs Net (a) Derivatives Fair Value Balance, beginning of period $ 162 959 4 ( 164) 961 Total (losses) gains (realized/unrealized): Included in earnings ( 1) ( 8) 18 ( 17) ( 8) Purchases/originations - 59 ( 1) - 58 Settlements ( 4) - ( 22) 37 11 Transfers into Level 3 (b) 15 - - - 15 Balance, end of period $ 172 1,010 ( 1) ( 144) 1,037 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at September 30, 2018 (c) $ ( 1) ( 8) 7 ( 17) ( 19) (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $8 respectively, as of September 30, 2018. (b) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. (c) Includes interest income and expense. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Residential Interest Rate Mortgage Derivatives, Equity Total For the nine months ended September 30, 2019 ($ in millions) Loans MSRs Net (a) Derivatives Fair Value Balance, beginning of period $ 179 938 ( 1) ( 125) 991 Total (losses) gains (realized/unrealized): Included in earnings ( 1) ( 416) 110 ( 63) ( 370) Purchases/originations/acquisitions - 388 ( 3) - 385 Settlements ( 22) - ( 91) 42 ( 71) Transfers into Level 3 (b) 28 - - - 28 Balance, end of period $ 184 910 15 ( 146) 963 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at September 30, 2019 (c) $ ( 1) ( 329) 25 ( 63) ( 368) (a) Net interest rate derivatives include derivative assets and liabilities of $24 and $9, respectively, as of September 30, 2019. (b) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. (c) Includes interest income and expense. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Residential Interest Rate Mortgage Derivatives, Equity Total For the nine months ended September 30, 2018 ($ in millions) Loans MSRs Net (a) Derivatives Fair Value Balance, beginning of period $ 137 858 3 ( 137) 861 Total (losses) gains (realized/unrealized): Included in earnings ( 5) 8 54 ( 66) ( 9) Purchases/originations - 144 ( 5) - 139 Settlements ( 12) - ( 53) 59 ( 6) Transfers into Level 3 (b) 52 - - - 52 Balance, end of period $ 172 1,010 ( 1) ( 144) 1,037 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at September 30, 2018 (c) $ ( 5) 8 9 ( 66) ( 54) (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $8, respectively, as of September 30, 2018 . (b) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. (c) Includes interest income and expense.
Total Gains and Losses Included in Earnings for Assets and Liabilites Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)	The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Mortgage banking net revenue $ ( 121) 9 ( 309) 56 Corporate banking revenue 1 - 2 1 Other noninterest income ( 11) ( 17) ( 63) ( 66) Total losses $ ( 131) ( 8) ( 370) ( 9) The total losses and gains included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at September 30, 2019 and 2018 were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended September 30, September 30, ($ in millions) 2019 2018 2019 2018 Mortgage banking net revenue $ ( 109) ( 2) ( 307) 11 Corporate banking revenue 2 - 2 1 Other noninterest income ( 11) ( 17) ( 63) ( 66) Total losses $ ( 118) ( 19) ( 368) ( 54)
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, 2019 and 2018 and for which a nonrecurring fair value adjustment was recorded during the three and nine months ended September 30, 2019 and 2018, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period: Fair Value Measurements Using Total (Losses) Gains Total (Losses) Gains For the three months ended September 30, 2019 For the nine months ended September 30, 2019 As of September 30, 2019 ($ in millions) Level 1 Level 2 Level 3 Total Commercial and industrial loans $ - - 116 116 ( 11) ( 45) Commercial mortgage loans - - 12 12 - - Commercial leases - - 18 18 2 ( 9) OREO - - 16 16 ( 2) ( 5) Bank premises and equipment - - 23 23 ( 4) ( 26) Private equity investments - 6 2 8 - 6 Total $ - 6 187 193 ( 15) ( 79) Fair Value Measurements Using Total (Losses) Gains Total (Losses) Gains For the three months For the nine months As of September 30, 2018 ($ in millions) Level 1 Level 2 Level 3 Total ended September 30, 2018 ended September 30, 2018 Commercial loans held for sale $ - - 3 3 ( 1) ( 2) Commercial and industrial loans - - 156 156 ( 16) ( 46) Commercial mortgage loans - - 2 2 - 6 Commercial leases - - 14 14 1 ( 9) OREO - - 21 21 ( 2) ( 6) Bank premises and equipment - - 36 36 - ( 41) Operating lease equipment - - 10 10 ( 1) ( 4) Private equity investments - 69 3 72 14 44 Total $ - 69 245 314 ( 5) ( 58)
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Inputs	The following tables present information as of September 30, 2019 and 2018 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, 2019 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted-Average Residential mortgage loans $ 184 Loss rate model Interest rate risk factor ( 6.8) - 6.9 % ( 0.2) % Credit risk factor 0 - 31.8 % 0.5 % (Fixed) 15.4 % MSRs 910 DCF Prepayment speed 0.5 - 97.0 % (Adjustable) 23.4 % (Fixed) 619 OAS spread (bps) 484 - 1,513 (Adjustable) 914 IRLCs, net 24 DCF Loan closing rates 5.7 - 96.7 % 76.9 % Swap associated with the sale of Visa, Inc. ( 146) DCF Timing of the resolution 6/30/2021 - 2/7/2022 Class B Shares of the Covered Litigation 12/31/2023 As of September 30, 2018 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted-Average Residential mortgage loans $ 172 Loss rate model Interest rate risk factor ( 12.7) - 11.0 % ( 0.6) % Credit risk factor 0 - 40.3 % 0.7 % (Fixed) 9.1 % MSRs 1,010 DCF Prepayment speed 0.5 - 97.0 % (Adjustable) 23.2 % (Fixed) 533 OAS spread (bps) 449 - 1,513 (Adjustable) 842 IRLCs, net 7 DCF Loan closing rates 6.2 - 96.7 % 76.6 % Swap associated with the sale of Visa, Inc. ( 144) DCF Timing of the resolution 1/31/2021 - 9/6/2021 Class B Shares of the Covered Litigation 11/30/2023 The following tables present information as of September 30, 2019 and 2018 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, 2019 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted-Average Commercial and industrial loans $ 116 Appraised value Collateral value NM NM Commercial mortgage loans 12 Appraised value Collateral value NM NM Commercial leases 18 Appraised value Collateral value NM NM OREO 16 Appraised value Appraised value NM NM Bank premises and equipment 23 Appraised value Appraised value NM NM Private equity investments 2 Comparable company analysis Market comparable transactions NM NM As of September 30, 2018 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Inputs Weighted-Average Commercial loans held for sale $ 3 Appraised value Appraised value NM NM Costs to sell NM 10.0 % Commercial and industrial loans 156 Appraised value Collateral value NM NM Commercial mortgage loans 2 Appraised value Collateral value NM NM Commercial leases 14 Appraised value Collateral value NM NM OREO 21 Appraised value Appraised value NM NM Bank premises and equipment 36 Appraised value Appraised value NM NM Operating lease equipment 10 Appraised value Appraised value NM NM Private equity investments - Liquidity discount applied Liquidity discount 0 - 43.0 % 12.9 % to fund's NAV 3 Comparable company analysis Market comparable transactions NM NM
Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance for Residential Mortgage Loans Measured at Fair Value	The following table summarizes the difference between the fair value and the unpaid principal balance for residential mortgage and commercial loans measured at fair value as of: Aggregate Aggregate Unpaid September 30, 2019 ($ in millions) Fair Value Principal Balance Difference Residential mortgage loans measured at fair value $ 1,320 1,285 35 Past due loans of 90 days or more 2 2 - Nonaccrual loans 1 1 - Commercial loans measured at fair value 1 1 - December 31, 2018 Residential mortgage loans measured at fair value $ 716 696 20 Past due loans of 90 days or more 2 2 - Nonaccrual loans 2 2 - Commercial loans measured at fair value 7 7 -
Carrying Amounts and Estimated Fair Values for Certain Financial Instruments	Fair Value of 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, 2019 ($ in millions) Amount Level 1 Level 2 Level 3 Fair Value Financial assets: Cash and due from banks $ 3,261 3,261 - - 3,261 Other short-term investments 3,235 3,235 - - 3,235 Other securities 575 - 575 - 575 Held-to-maturity securities 18 - - 18 18 Loans and leases held for sale 86 - - 86 86 Portfolio loans and leases: Commercial and industrial loans 50,239 - - 50,721 50,721 Commercial mortgage loans 10,740 - - 10,626 10,626 Commercial construction loans 5,241 - - 5,305 5,305 Commercial leases 3,475 - - 3,243 3,243 Residential mortgage loans 16,416 - - 17,472 17,472 Home equity 6,178 - - 6,452 6,452 Indirect secured consumer loans 10,976 - - 10,889 10,889 Credit card 2,311 - - 2,532 2,532 Other consumer loans 2,620 - - 2,777 2,777 Unallocated ALLL ( 114) - - - - Total portfolio loans and leases, net $ 108,082 - - 110,017 110,017 Financial liabilities: Deposits $ 125,347 - 125,342 - 125,342 Federal funds purchased 876 876 - - 876 Other short-term borrowings 4,046 - 4,046 - 4,046 Long-term debt 14,474 14,644 779 - 15,423 Net Carrying Fair Value Measurements Using Total As of December 31, 2018 ($ in millions) Amount Level 1 Level 2 Level 3 Fair Value Financial assets: Cash and due from banks $ 2,681 2,681 - - 2,681 Other short-term investments 1,825 1,825 - - 1,825 Other securities 552 - 552 - 552 Held-to-maturity securities 18 - - 18 18 Loans and leases held for sale 63 - - 63 63 Portfolio loans and leases: Commercial and industrial loans 43,825 - - 44,668 44,668 Commercial mortgage loans 6,894 - - 6,851 6,851 Commercial construction loans 4,625 - - 4,688 4,688 Commercial leases 3,582 - - 3,180 3,180 Residential mortgage loans 15,244 - - 15,688 15,688 Home equity 6,366 - - 6,719 6,719 Indirect secured consumer loans 8,934 - - 8,717 8,717 Credit card 2,314 - - 2,759 2,759 Other consumer loans 2,309 - - 2,428 2,428 Unallocated ALLL ( 110) - - - - Total portfolio loans and leases, net $ 93,983 - - 95,698 95,698 Financial liabilities: Deposits $ 108,835 - 108,782 - 108,782 Federal funds purchased 1,925 1,925 - - 1,925 Other short-term borrowings 573 - 573 - 573 Long-term debt 14,426 14,287 445 - 14,732

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting
Results of Operations and Average Assets by Segment	The following tables present the results of operations and assets by business segment for the three months ended: Wealth General Commercial Branch Consumer and Asset Corporate September 30, 2019 ($ in millions) Banking Banking Lending Management and Other Eliminations Total Net interest income $ 623 598 88 44 ( 111) - 1,242 Provision for credit losses 54 58 14 - 8 - 134 Net interest income after provision for credit losses 569 540 74 44 ( 119) - 1,108 Noninterest income: Corporate banking revenue 167 1 - - - - 168 Service charges on deposits 79 65 - - ( 1) - 143 Wealth and asset management revenue 1 41 - 119 - (37) (a) 124 Card and processing revenue 16 74 - 1 3 - 94 Mortgage banking net revenue - 2 92 1 - - 95 Other noninterest income (b) 72 21 4 4 10 - 111 Securities gains, net - - - - 5 - 5 Securities gains, net - non-qualifying hedges on MSRs - - - - - - - Total noninterest income 335 204 96 125 17 ( 37) 740 Noninterest expense: Salaries, wages and incentives 107 122 39 45 184 - 497 Employee benefits 11 26 9 6 35 - 87 Technology and communications 3 1 2 - 94 - 100 Net occupancy expense 7 44 3 3 27 - 84 Card and processing expense 2 32 - - ( 1) - 33 Equipment expense 7 12 - - 14 - 33 Other noninterest expense 288 232 61 75 ( 294) ( 37) 325 Total noninterest expense 425 469 114 129 59 ( 37) 1,159 Income (loss) before income taxes 479 275 56 40 ( 161) - 689 Applicable income tax expense (benefit) 86 58 12 8 ( 24) - 140 Net income (loss) 393 217 44 32 ( 137) - 549 Total goodwill $ 1,982 2,054 - 254 - - 4,290 Total assets $ 75,143 69,021 26,171 9,961 (9,217) (c) - 171,079 Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. Includes impairment charges of $5 for branches and land. For more information refer to Note 8 and Note 25. Includes bank premises and equipment of $ 87 classified as held for sale. For more information refer to Note 8. Wealth General Commercial Branch Consumer and Asset Corporate September 30, 2018 ($ in millions) Banking Banking Lending Management and Other Eliminations Total Net interest income $ 427 525 60 46 ( 15) - 1,043 Provision for (benefit from) credit losses ( 11) 34 10 3 48 - 84 Net interest income after provision for credit losses 438 491 50 43 ( 63) - 959 Noninterest income: Corporate banking revenue 100 (c) 1 - - ( 1) - 100 Service charges on deposits 68 71 - - - - 139 Wealth and asset management revenue 1 38 - 110 - (35) (a) 114 Card and processing revenue 14 67 - 1 - - 82 Mortgage banking net revenue - 1 48 - - - 49 Other noninterest income 52 26 3 4 1 - 86 Securities losses, net - - - - ( 6) - ( 6) Securities losses, net - non-qualifying hedges on MSRs - - ( 1) - - - ( 1) Total noninterest income 235 204 50 115 ( 6) ( 35) 563 Noninterest expense: Salaries, wages and incentives 71 109 38 44 159 - 421 Employee benefits 8 22 8 6 38 - 82 Technology and communications 2 1 2 - 66 - 71 Net occupancy expense 6 44 3 3 14 - 70 Card and processing expense 2 30 - - ( 1) - 31 Equipment expense 6 12 - - 13 - 31 Other noninterest expense 212 215 49 73 ( 248) ( 35) 266 Total noninterest expense 307 433 100 126 41 ( 35) 972 Income (loss) before income taxes 366 262 - 32 ( 110) - 550 Applicable income tax expense (benefit) 65 55 - 7 ( 13) - 114 Net income (loss) 301 207 - 25 ( 97) - 436 Total goodwill $ 630 1,655 - 177 - - 2,462 Total assets $ 60,040 60,222 22,188 9,171 (10,031) (b) - 141,590 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes bank premises and equipment of $ 38 classified as held for sale. For more information refer to Note 8. (c) Includes impairment charges of $ 2 for operating lease equipment. For more information refer to Note 25. The following tables present the results of operations and assets by business segment for the nine months ended: Wealth General Commercial Branch Consumer and Asset Corporate September 30, 2019 ($ in millions) Banking Banking Lending Management and Other Eliminations Total Net interest income $ 1,761 1,802 234 141 ( 369) - 3,569 Provision for credit losses 100 164 34 - 12 - 310 Net interest income after provision for credit losses 1,661 1,638 200 141 ( 381) - 3,259 Noninterest income: Corporate banking revenue 413 3 - 1 - - 417 Service charges on deposits 227 191 - 1 ( 2) - 417 Wealth and asset management revenue 2 117 - 345 - (106) (a) 358 Card and processing revenue 49 212 - 2 3 - 266 Mortgage banking net revenue - 4 209 1 - - 214 Other noninterest income (b) 170 63 10 9 542 - 794 Securities gains, net - - - - 30 - 30 Securities gains, net - non-qualifying hedges on MSRs - - 5 - - - 5 Total noninterest income 861 590 224 359 573 ( 106) 2,501 Noninterest expense: Salaries, wages and incentives 299 360 117 140 611 - 1,527 Employee benefits 47 84 29 25 131 - 316 Technology and communications 8 3 6 1 301 - 319 Net occupancy expense 21 130 8 10 79 - 248 Card and processing expense 6 92 - 1 ( 1) - 98 Equipment expense 18 35 - 1 42 - 96 Other noninterest expense 799 671 175 219 ( 863) ( 106) 895 Total noninterest expense 1,198 1,375 335 397 300 ( 106) 3,499 Income (loss) before income taxes 1,324 853 89 103 ( 108) - 2,261 Applicable income tax expense 242 179 19 22 21 - 483 Net income (loss) 1,082 674 70 81 ( 129) - 1,778 Total goodwill $ 1,982 2,054 - 254 - - 4,290 Total assets $ 75,143 69,021 26,171 9,961 (9,217) (c) - 171,079 Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. Includes impairment charges of $27 for branches and land. For more information refer to Note 8 and Note 25. Includes bank premises and equipment of $ 87 classified as held for sale. For more information refer to Note 8. Wealth General Commercial Branch Consumer and Asset Corporate September 30, 2018 ($ in millions) Banking Banking Lending Management and Other Eliminations Total Net interest income $ 1,273 1,490 178 134 ( 16) - 3,059 Provision for (benefit from) credit losses ( 41) 124 30 8 ( 10) - 111 Net interest income after provision for credit losses 1,314 1,366 148 126 ( 6) - 2,948 Total noninterest income Corporate banking revenue 304 (c) 4 - 1 ( 1) - 308 Service charges on deposits 207 205 - 1 1 - 414 Wealth and asset management revenue 3 113 - 324 ( 1) (104) (a) 335 Card and processing revenue 42 199 - 4 - - 245 Mortgage banking net revenue - 4 153 1 - - 158 Other noninterest income (b) 125 33 11 13 612 - 794 Securities losses, net - - - - ( 21) - ( 21) Securities losses, net - non-qualifying hedges on MSRs - - ( 18) - - - ( 18) Total noninterest income 681 558 146 344 590 ( 104) 2,215 Noninterest expense Salaries, wages and incentives 214 329 120 131 545 - 1,339 Employee benefits 36 75 28 23 108 - 270 Technology and communications 6 4 3 1 192 - 206 Net occupancy expense 20 131 8 9 51 - 219 Card and processing expense 3 89 - - ( 1) - 91 Equipment expense 18 37 - - 37 - 92 Other noninterest expense 652 638 151 217 ( 787) ( 104) 767 Total noninterest expense 949 1,303 310 381 145 ( 104) 2,984 Income (loss) before income taxes 1,046 621 ( 16) 89 439 - 2,179 Applicable income tax expense (benefit) 184 131 ( 3) 19 111 - 442 Net income (loss) 862 490 ( 13) 70 328 - 1,737 Total goodwill $ 630 1,655 - 177 - - 2,462 Total assets $ 60,040 60,222 22,188 9,171 (10,031) (d) - 141,590 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $ 41 for branches and land. For more information refer to Note 8 and Note 25. (c) Includes impairment charges of $ 4 for operating lease equipment. For more information refer to Note 25. (d) Includes bank premises and equipment of $ 38 classified as held for sale. For more information refer to Note 8.

Supplemental Cash Flow - Noncas

Supplemental Cash Flow - Noncash Investing and Financing Activities (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Interest paid
Interest			$ 1,166	$ 760
Income taxes paid, net
Income taxes			524	297
Transfers:
Portfolio loans to loans held for sale			191	212
Loans held for sale to portfolio loans			30	83
Portfolio loans to OREO			23	28
Conversion of preferred stock	$ 0	$ 0	197	0
Additions to right of use assets under operating leases			43	0
Additions to right of use assets under finance leases			13	0
Right-of-use assets recognized at adoption of ASU 2016-02			$ 509	$ 0

Accounting and Reporting Deve_2

Accounting and Reporting Developments - Additional Information (Details) - USD ($) $ in Millions	Jan. 01, 2019	Jan. 01, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Impact of cumulative effect of change in accounting principles	$ 10	$ 4
Right of use asset and lease liabilities	$ 509

Business Combination - Addition

Business Combination - Additional Information (Details) $ / shares in Units, $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares	Mar. 31, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2018USD ($)	Mar. 22, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Total Assets	$ 171,079		$ 141,590	$ 171,079	$ 141,590		$ 146,069
Full-service Banking Centers	1,143			1,143
Total noninterest expense	$ 1,159		972	$ 3,499	2,984
Class B Preferred stock, Series A
Business Acquisition [Line Items]
Preferred stock, issued | shares	200,000			200,000
Preferred stock, liquidation preference | $ / shares	$ 1,000			$ 1,000
MB Financial, Inc.
Business Acquisition [Line Items]
Total consideration paid		$ 3,608
Total Assets							$ 20,000
Full-service Banking Centers							86
Fair value of noncontrolling interest in acquiree						$ 197
Goodwill						1,815
Tax deductible goodwill						15
Total noninterest expense	$ 28		$ 1	$ 213	$ 3
Contractual balances on the purchased non credit impaired loans and leases						12,700
Fair value of the purchased non credit impaired loans and leases						$ 12,500
Cash consideration transferred per share | $ / shares						$ 5.54
Share consideration transferred | shares						1.45
Total value per share | $ / shares						$ 42.49
Closing price of common stock | $ / shares						$ 25.48
Concractual balances on PCI	872			872
Fair value for PCI	$ 637			$ 637
Locations							91

Business Combination - Acquired

Business Combination - Acquired Identifiable Assets and Liabilities Assumed (Details) - MB Financial, Inc. - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 22, 2019
Consideration paid
Cash payments	$ 469
Fair value of common stock issued	3,121
Stock-based awards	38
Dividend receivable from MB Financial, Inc.	(20)
Total consideration paid	$ 3,608
Fair value of noncontrolling interest in acquiree		$ 197
Assets
Cash and due from banks		1,679
Federal funds sold		35
Other short-term investments		53
Available-for-sale debt and other securities		832
Held-to-maturity securities		4
Equity securities		51
Loans and leases held for sale		12
Portfolio loans and leases		13,409
Bank premises and equipment		250
Operating lease equipment		416
Intangible assets		195
Servicing rights		263
Other assets		723
Total assets acquired		17,922
Liabilities
Deposits		14,489
Other short-term borrowings		267
Accrued taxes, interest and expenses		260
Other liabilities		196
Long-term debt		720
Total liabilities assumed		15,932
Net identifiable assets acquired		1,990
Goodwill		$ 1,815

Business Combination - Merger-R

Business Combination - Merger-Related Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Business Acquisition [Line Items]
Salaries, wages and incentives	$ 497	$ 421	$ 1,527	$ 1,339
Employee benefits	87	82	316	270
Technology and communications	100	71	319	206
Net occupancy expense	84	70	248	219
Card and processing expense	33	31	98	91
Equipment expense	33	31	96	92
Other noninterest expense	325	266	895	767
Total noninterest expense	1,159	972	3,499	2,984
MB Financial, Inc.
Business Acquisition [Line Items]
Salaries, wages and incentives	14	0	85	0
Employee benefits	0	0	3	0
Technology and communications	8	0	68	0
Net occupancy expense	3	0	10	0
Card and processing expense	0	0	1	0
Equipment expense	0	0	1	0
Other noninterest expense	3	1	45	3
Total noninterest expense	$ 28	$ 1	$ 213	$ 3

Business Combination - Unaudite

Business Combination - Unaudited Pro Forma (Details) - MB Financial, Inc. - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Business Acquisition [Line Items]
Unaudited pro forma net income attributable to common shareholders	$ 513	$ 469	$ 1,824	$ 1,743
Net Interest Income
Business Acquisition [Line Items]
Unaudited pro forma revenue	1,222	1,214	3,692	3,583
Noninterest Income
Business Acquisition [Line Items]
Unaudited pro forma revenue	$ 738	$ 661	$ 2,600	$ 2,514

Business Combination - Loans Id

Business Combination - Loans Identified as PCI Loans At Acquisition (Details) - USD ($) $ in Millions	Sep. 30, 2019	Mar. 22, 2019	Dec. 31, 2018
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period [Abstract]
Contractually required payments including interest		$ 1,139
Less: Nonaccretable difference		81
Cash flows expected to be collected		1,058
Less: Accretable yield	$ (170)	(202)	$ 0
Fair value of loans acquired		$ 856

Business Combination - Accretab

Business Combination - Accretable Yield Rollforward (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretable yield, beginning balance	$ 0
Additions	202
Accretion	30
Reclassifications from nonaccretable difference	(2)
Accretable yield, ending balance	$ 170

Securities - Investment Securit

Securities - Investment Securities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Investment Holdings [Line Items]
Available-for-sale debt securities, fair value	$ 37,178	$ 32,830
Available-for-sale debt securities, unrealized losses	(12)	(464)
Available-for-sale debt securities, unrealized gains	1,528	166
Available-for-sale debt securities, amortized cost	35,662	33,128
Held-to-maturity securities, fair value	18	18
Held-to-maturity, unrealized losses	0	0
Held-to-maturity, unrealized gains	0	0
Held-to-maturity securities, amortized cost	18	18
Trading debt securities, fair value	297	287
Equity securities, fair value	459	452
U.S. Treasury and federal agency
Investment Holdings [Line Items]
Available-for-sale debt securities, fair value	75	97
Available-for-sale debt securities, unrealized losses	0	(1)
Available-for-sale debt securities, unrealized gains	1	0
Available-for-sale debt securities, amortized cost	74	98
Obligations of states and political subdivisions
Investment Holdings [Line Items]
Available-for-sale debt securities, fair value	2	2
Available-for-sale debt securities, unrealized losses	0	0
Available-for-sale debt securities, unrealized gains	0	0
Available-for-sale debt securities, amortized cost	2	2
Held-to-maturity securities, fair value	16	16
Held-to-maturity, unrealized losses	0	0
Held-to-maturity, unrealized gains	0	0
Held-to-maturity securities, amortized cost	16	16
Agency mortgage-backed securities | Residential mortgage backed securities
Investment Holdings [Line Items]
Available-for-sale debt securities, fair value	15,694	16,247
Available-for-sale debt securities, unrealized losses	(1)	(242)
Available-for-sale debt securities, unrealized gains	510	86
Available-for-sale debt securities, amortized cost	15,185	16,403
Agency mortgage-backed securities | Commercial mortgage backed securities
Investment Holdings [Line Items]
Available-for-sale debt securities, fair value	15,276	10,650
Available-for-sale debt securities, unrealized losses	(1)	(164)
Available-for-sale debt securities, unrealized gains	826	44
Available-for-sale debt securities, amortized cost	14,451	10,770
Non-agency mortgage-backed securities | Commercial mortgage backed securities
Investment Holdings [Line Items]
Available-for-sale debt securities, fair value	3,400	3,267
Available-for-sale debt securities, unrealized losses	0	(47)
Available-for-sale debt securities, unrealized gains	154	9
Available-for-sale debt securities, amortized cost	3,246	3,305
Asset-backed securities and other debt securities
Investment Holdings [Line Items]
Available-for-sale debt securities, fair value	2,156	2,015
Available-for-sale debt securities, unrealized losses	(10)	(10)
Available-for-sale debt securities, unrealized gains	37	27
Available-for-sale debt securities, amortized cost	2,129	1,998
Held-to-maturity securities, fair value	2	2
Held-to-maturity, unrealized losses	0	0
Held-to-maturity, unrealized gains	0	0
Held-to-maturity securities, amortized cost	2	2
Other securities
Investment Holdings [Line Items]
Available-for-sale debt securities, fair value	575	552
Available-for-sale debt securities, unrealized losses	0	0
Available-for-sale debt securities, unrealized gains	0	0
Available-for-sale debt securities, amortized cost	$ 575	$ 552

Securities - Investment Secur_2

Securities - Investment Securities (Parenthetical) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Disclosure - Investment Securities [Abstract]
FHLB, restricted stock holdings	$ 96	$ 184
FRB, restricted stock holdings	477	366
DTCC, restricted stock holdings	$ 2	$ 2

Securities - Amounts Recognized

Securities - Amounts Recognized in Income from Available-for-Sale and Trading Securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Investments Debt And Equity Securities [Line Items]
Available-for-sale debt and other securities, realized gains	$ 3	$ 4	$ 51	$ 61
Available-for-sale debt and other securities, realized losses	0	(4)	(47)	(69)
OTTI	0	0	(1)	0
Net realized gains (losses) on available-for-sale debt and other securities	3	0	3	(8)
Total trading debt securities gains (losses)	0	(1)	5	(18)
Total equity securities gains (losses)	2	(6)	27	(13)
Total available for sale debt and other, trading debt and equity securities gains (losses) recognized in income	$ 5	$ (7)	$ 35	$ (39)

Securities - Amounts Recogniz_2

Securities - Amounts Recognized in Income from Available-for-Sale and Trading Securities (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Equity securities unrealized gains (losses)	$ (6)	$ 23	$ (12)

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Billions	Sep. 30, 2019	Dec. 31, 2018
Investment Holdings [Line Items]
Securities with a fair value, pledged as collateral	$ 7.4	$ 7

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value of Available-for-Sale and Held-to-Maturity Securities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Debt securities:
Less than 1 year	$ 197
1-5 years	13,391
5-10 years	16,568
Over 10 years	4,931
Other securities	575
Available-for-sale debt securities, amortized cost	35,662	$ 33,128
Debt securities:
Less than 1 year	207
1-5 years	13,817
5-10 years	17,390
Over 10 years	5,189
Other securities	575
Available-for-sale debt and other securities, fair value	37,178	32,830
Debt securities:
Less than 1 year	2
1-5 years	14
5-10 years	0
Over 10 years	2
Other securities	0
Held-to-maturity securities, amortized cost	18	18
Debt securities:
Under 1 year	2
1-5 years	14
5-10 years	0
Over 10 years	2
Other securities	0
Held-to-maturity securities, fair value	$ 18	$ 18

Securities - Fair Value and Gro

Securities - Fair Value and Gross Unrealized Losses on Available-for-Sale Securities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 708	$ 6,455
Less than 12 months Unrealized Losses	(8)	(70)
12 months or more Fair Value	200	15,111
12 months or more Unrealized Losses	(4)	(394)
Total Fair Value	908	21,566
Total Unrealized Losses	(12)	(464)
U.S. Treasury and federal agency
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value		0
Less than 12 months Unrealized Losses		0
12 months or more Fair Value		97
12 months or more Unrealized Losses		(1)
Total Fair Value		97
Total Unrealized Losses	0	(1)
Agency mortgage-backed securities | Residential mortgage backed securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	121	3,235
Less than 12 months Unrealized Losses	(1)	(21)
12 months or more Fair Value	4	7,892
12 months or more Unrealized Losses	0	(221)
Total Fair Value	125	11,127
Total Unrealized Losses	(1)	(242)
Agency mortgage-backed securities | Commercial mortgage backed securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	134	2,022
Less than 12 months Unrealized Losses	(1)	(37)
12 months or more Fair Value	0	5,260
12 months or more Unrealized Losses	0	(127)
Total Fair Value	134	7,282
Total Unrealized Losses	(1)	(164)
Non-agency mortgage-backed securities | Commercial mortgage backed securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value		884
Less than 12 months Unrealized Losses		(6)
12 months or more Fair Value		1,621
12 months or more Unrealized Losses		(41)
Total Fair Value		2,505
Total Unrealized Losses	0	(47)
Asset-backed securities and other debt securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	453	314
Less than 12 months Unrealized Losses	(6)	(6)
12 months or more Fair Value	196	241
12 months or more Unrealized Losses	(4)	(4)
Total Fair Value	649	555
Total Unrealized Losses	(10)	(10)
Obligations of states and political subdivisions
Investments, Unrealized Loss Position [Line Items]
Total Unrealized Losses	$ 0	$ 0

Loans & Leases - Loans and Leas

Loans & Leases - Loans and Leases Classified by Primary Purpose (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Loans held for sale:
Loans and leases held for sale	$ 1,223	$ 607
Portfolio loans and leases:
Commercial and industrial loans	50,768	44,340
Commercial mortgage loans	10,822	6,974
Commercial construction loans	5,281	4,657
Commercial leases	3,495	3,600
Residential mortgage loans	16,675	15,504
Home equity	6,218	6,402
Indirect secured consumer loans	11,026	8,976
Credit card	2,467	2,470
Other consumer loans and leases	2,657	2,342
Portfolio loans and leases	109,409	95,265
Commercial Portfolio Segment
Portfolio loans and leases:
Portfolio loans and leases	70,366	59,571
Consumer Portfolio Segment
Portfolio loans and leases:
Portfolio loans and leases	39,043	35,694
Commercial and industrial loans
Loans held for sale:
Loans and leases held for sale	86	67
Commercial mortgage loans
Loans held for sale:
Loans and leases held for sale	0	3
Residential mortgage loans
Loans held for sale:
Loans and leases held for sale	$ 1,137	$ 537

Loans & Leases - Additional Inf

Loans & Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unamortized premiums and discounts, deferred direct loan origination fees and costs, and fair value adjustments	$ 202	$ 202		$ 296
Unearned Income	404	404		479
Loans pledged at the FHLB	16,600	16,600		13,100
Loans pledged at the FRB	48,100	48,100		42,600
Sales type lease - interest income	4	7
Direct financing lease - interest income	22	70
Allowance for loan and lease losses	1,143	1,143	$ 1,115	1,103	$ 1,091	$ 1,077	$ 1,196
Commercial leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan and lease losses	$ 20	$ 20		$ 18

Loans & Leases - Total Loans An

Loans & Leases - Total Loans And Leases Managed By The Bancorp (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	$ 110,632		$ 110,632		$ 95,872
Balance of Loans 90 days or More Past Due	132		132		93
Net Charge-Offs	99	$ 72	256	$ 247
Commercial and Industrial Loans | Commercial Portfolio Segment
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	50,854		50,854		44,407
Balance of Loans 90 days or More Past Due	15		15		4
Net Charge-Offs	29	28	67	102
Commercial mortgage loans | Commercial Portfolio Segment
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	10,822		10,822		6,977
Balance of Loans 90 days or More Past Due	18		18		2
Net Charge-Offs		(1)	(1)	3
Net Recoveries	0
Commercial construction loans | Commercial Portfolio Segment
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	5,281		5,281		4,657
Balance of Loans 90 days or More Past Due	1		1		0
Net Charge-Offs	0	0	0	0
Commercial leases | Commercial Portfolio Segment
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	3,495		3,495		3,600
Balance of Loans 90 days or More Past Due	1		1		0
Net Charge-Offs	4	0	7	0
Residential Mortgage | Residential Mortgage
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	17,812		17,812		16,041
Balance of Loans 90 days or More Past Due	48		48		38
Net Charge-Offs	1		1	6
Net Recoveries		2
Home Equity | Consumer Portfolio Segment
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	6,218		6,218		6,402
Balance of Loans 90 days or More Past Due	0		0		0
Net Charge-Offs	2	3	8	9
Indirect secured consumer loans | Consumer Portfolio Segment
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	11,026		11,026		8,976
Balance of Loans 90 days or More Past Due	10		10		12
Net Charge-Offs	13	9	34	28
Credit Card | Consumer Portfolio Segment
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	2,467		2,467		2,470
Balance of Loans 90 days or More Past Due	38		38		37
Net Charge-Offs	33	21	101	72
Other Consumer Loans | Consumer Portfolio Segment
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	2,657		2,657		2,342
Balance of Loans 90 days or More Past Due	1		1		0
Net Charge-Offs	17	$ 10	39	$ 27
Loans Held For Sale
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	1,223		1,223		607
Loans and Leases Managed and Securitized
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Balance	$ 109,409		$ 109,409		$ 95,265

Loans & Leases - Components of

Loans & Leases - Components of Net Investment in Leases (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Rental receivable, net of principal and interest on nonrecourse debt		$ 3,256
Estimated residual value of leased assets		804
Initial direct cost, net of amortization		19
Gross investment in lease financing		4,079
Unearned income		(479)
Net investment in lease financing	$ 492	3,600
Sales type lease unguaranteed residual asset	11
Direct financing lease unguaranteed residual asset	226
Net discount	202	296
Leveraged leases	492	$ 3,600
Direct financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lease payment receivable	2,415
Net discount	(6)
Direct financing deferred selling profit	0
Sales-type
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lease payment receivable	357
Net discount	$ 0

Loans & Leases - Undiscounted C

Loans & Leases - Undiscounted Cash Flows (Details) $ in Millions	Sep. 30, 2019USD ($)
Direct financing
Sales Type And Direct Financing Leases Lease Receivable Fiscal Year Maturity [Line Items]
Remainder of 2019	$ 220
2020	693
2021	514
2022	433
2023	262
2024	184
Thereafter	274
Total undiscounted cash flows	2,580
Less: Difference between undiscounted cash flows and discounted cash flows	(165)
Lease payment receivable	2,415
Sales-type
Sales Type And Direct Financing Leases Lease Receivable Fiscal Year Maturity [Line Items]
Remainder of 2019	19
2020	81
2021	91
2022	73
2023	43
2024	33
Thereafter	63
Total undiscounted cash flows	403
Less: Difference between undiscounted cash flows and discounted cash flows	(46)
Lease payment receivable	$ 357

Credit Quality - Summary of Tra

Credit Quality - Summary of Transactions in the ALLL by Portfolio Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	$ 1,115	$ 1,077	$ 1,103	$ 1,196
Losses charged-off	(130)	(112)	(358)	(334)
Recoveries of losses previously charged- off	31	40	102	87
Provision for (benefit from) loan and lease losses	127	86	296	142
Balance, end of period	1,143	1,091	1,143	1,091
Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	651	654	645	753
Losses charged-off	(34)	(36)	(87)	(124)
Recoveries of losses previously charged- off	1	9	14	19
Provision for (benefit from) loan and lease losses	53	29	99	8
Balance, end of period	671	656	671	656
Residential Mortgage Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	76	86	81	89
Losses charged-off	(2)	(3)	(5)	(10)
Recoveries of losses previously charged- off	1	1	4	4
Provision for (benefit from) loan and lease losses	0	(1)	(5)	0
Balance, end of period	75	83	75	83
Consumer Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	276	229	267	234
Losses charged-off	(94)	(73)	(266)	(200)
Recoveries of losses previously charged- off	29	30	84	64
Provision for (benefit from) loan and lease losses	72	57	198	145
Balance, end of period	283	243	283	243
Unallocated
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of period	112	108	110	120
Losses charged-off	0	0	0	0
Recoveries of losses previously charged- off	0	0	0	0
Provision for (benefit from) loan and lease losses	2	1	4	(11)
Balance, end of period	$ 114	$ 109	$ 114	$ 109

Credit Quality - Summary of T_2

Credit Quality - Summary of Transactions in the ALLL by Portfolio Segment (Parenthetical) (Details) - Other Consumer Loans, Point of Sale - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Losses charged-off	$ 12	$ 8	$ 35	$ 18
Recoveries of losses previously charged- off	$ 12	$ 8	$ 35	$ 18

Credit Quality - Summary of the

Credit Quality - Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	$ 147		$ 141
Collectively evaluated for impairment	882		852
Unallocated	114		110
Total allowance for loan and lease losses	1,143	$ 1,115	1,103	$ 1,091	$ 1,077	$ 1,196
Individually evaluated for impairment	1,371		1,291
Collectively evaluated for impairment	107,217		93,795
Purchased credit impaired	637
Total portfolio loans and leases	109,225		95,086
Commercial Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	53		42
Collectively evaluated for impairment	618		603
Unallocated	0		0
Total allowance for loan and lease losses	671	651	645	656	654	753
Individually evaluated for impairment	358		277
Collectively evaluated for impairment	69,427		59,294
Purchased credit impaired	581
Total portfolio loans and leases	70,366		59,571
Residential Mortgage Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	58		61
Collectively evaluated for impairment	17		20
Unallocated	0		0
Total allowance for loan and lease losses	75	76	81	83	86	89
Individually evaluated for impairment	758		736
Collectively evaluated for impairment	15,695		14,589
Purchased credit impaired	38
Total portfolio loans and leases	16,491		15,325
Consumer Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	36		38
Collectively evaluated for impairment	247		229
Unallocated	0		0
Total allowance for loan and lease losses	283	276	267	243	229	234
Individually evaluated for impairment	255		278
Collectively evaluated for impairment	22,095		19,912
Purchased credit impaired	18
Total portfolio loans and leases	22,368		20,190
Unallocated
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	0		0
Unallocated	114		110
Total allowance for loan and lease losses	114	$ 112	110	$ 109	$ 108	$ 120
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	0		0
Purchased credit impaired	0
Total portfolio loans and leases	$ 0		$ 0

Credit Quality - Summary of t_3

Credit Quality - Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment (Parenthetical) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	$ 1,143	$ 1,115	$ 1,103	$ 1,091	$ 1,077	$ 1,196
Portfolio loans and leases	109,225		95,086
Residential Mortgage Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans measured at fair value on a recurring basis	184		179
Leveraged leases
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses	1		1
Portfolio loans and leases	$ 492		$ 624

Credit Quality - Summary of t_4

Credit Quality - Summary of the Credit Risk Profile of the Commercial Portfolio Segment by Class (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Modifications [Line Items]
Total loans and leases	$ 109,225	$ 95,086
Commercial and Industrial Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	50,768	44,340
Commercial Mortgage Loans, Owner-occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	4,768	3,284
Commercial Mortgage Loans, Nonowner-Occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	6,054	3,690
Commercial Construction Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	5,281	4,657
Commercial Leases
Financing Receivable, Modifications [Line Items]
Total loans and leases	3,495	3,600
Commercial Portfolio Segment
Financing Receivable, Modifications [Line Items]
Total loans and leases	70,366	59,571
Commercial Portfolio Segment | Commercial and Industrial Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	50,768	44,340
Commercial Portfolio Segment | Commercial Mortgage Loans, Owner-occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	4,768	3,284
Commercial Portfolio Segment | Commercial Mortgage Loans, Nonowner-Occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	6,054	3,690
Commercial Portfolio Segment | Commercial Construction Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	5,281	4,657
Commercial Portfolio Segment | Commercial Leases
Financing Receivable, Modifications [Line Items]
Total loans and leases	3,495	3,600
Pass | Commercial Portfolio Segment
Financing Receivable, Modifications [Line Items]
Total loans and leases	66,705	57,581
Pass | Commercial Portfolio Segment | Commercial and Industrial Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	47,944	42,695
Pass | Commercial Portfolio Segment | Commercial Mortgage Loans, Owner-occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	4,419	3,122
Pass | Commercial Portfolio Segment | Commercial Mortgage Loans, Nonowner-Occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	5,786	3,632
Pass | Commercial Portfolio Segment | Commercial Construction Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	5,192	4,657
Pass | Commercial Portfolio Segment | Commercial Leases
Financing Receivable, Modifications [Line Items]
Total loans and leases	3,364	3,475
Special Mention | Commercial Portfolio Segment
Financing Receivable, Modifications [Line Items]
Total loans and leases	1,612	901
Special Mention | Commercial Portfolio Segment | Commercial and Industrial Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	1,300	779
Special Mention | Commercial Portfolio Segment | Commercial Mortgage Loans, Owner-occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	152	23
Special Mention | Commercial Portfolio Segment | Commercial Mortgage Loans, Nonowner-Occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	76	27
Special Mention | Commercial Portfolio Segment | Commercial Construction Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	42	0
Special Mention | Commercial Portfolio Segment | Commercial Leases
Financing Receivable, Modifications [Line Items]
Total loans and leases	42	72
Substandard | Commercial Portfolio Segment
Financing Receivable, Modifications [Line Items]
Total loans and leases	2,038	1,076
Substandard | Commercial Portfolio Segment | Commercial and Industrial Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	1,513	853
Substandard | Commercial Portfolio Segment | Commercial Mortgage Loans, Owner-occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	197	139
Substandard | Commercial Portfolio Segment | Commercial Mortgage Loans, Nonowner-Occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	192	31
Substandard | Commercial Portfolio Segment | Commercial Construction Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	47	0
Substandard | Commercial Portfolio Segment | Commercial Leases
Financing Receivable, Modifications [Line Items]
Total loans and leases	89	53
Doubtful | Commercial Portfolio Segment
Financing Receivable, Modifications [Line Items]
Total loans and leases	11	13
Doubtful | Commercial Portfolio Segment | Commercial and Industrial Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	11	13
Doubtful | Commercial Portfolio Segment | Commercial Mortgage Loans, Owner-occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	0	0
Doubtful | Commercial Portfolio Segment | Commercial Mortgage Loans, Nonowner-Occupied
Financing Receivable, Modifications [Line Items]
Total loans and leases	0	0
Doubtful | Commercial Portfolio Segment | Commercial Construction Loans
Financing Receivable, Modifications [Line Items]
Total loans and leases	0	0
Doubtful | Commercial Portfolio Segment | Commercial Leases
Financing Receivable, Modifications [Line Items]
Total loans and leases	$ 0	$ 0

Credit Quality - Summary of t_5

Credit Quality - Summary of the Credit Risk Profile of the Residential Mortgage and Consumer Portfolio Segments by Class (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Total loans and leases	$ 109,225	$ 95,086
Residential Mortgage
Total loans and leases	16,491	15,325
Home Equity
Total loans and leases	6,218	6,402
Indirect secured consumer loans
Total loans and leases	11,026	8,976
Credit Card
Total loans and leases	2,467	2,470
Other consumer loans
Total loans and leases	2,657	2,342
Performing Financing Receivable
Total loans and leases	38,726	35,395
Performing Financing Receivable | Residential Mortgage | Residential Mortgage Loans
Total loans and leases	16,469	15,303
Performing Financing Receivable | Home Equity | Consumer Portfolio Segment
Total loans and leases	6,138	6,332
Performing Financing Receivable | Indirect secured consumer loans | Consumer Portfolio Segment
Total loans and leases	11,024	8,975
Performing Financing Receivable | Credit Card | Consumer Portfolio Segment
Total loans and leases	2,440	2,444
Performing Financing Receivable | Other consumer loans | Consumer Portfolio Segment
Total loans and leases	2,655	2,341
Nonperforming Financing Receivable
Total loans and leases	133	120
Nonperforming Financing Receivable | Residential Mortgage | Residential Mortgage Loans
Total loans and leases	22	22
Nonperforming Financing Receivable | Home Equity | Consumer Portfolio Segment
Total loans and leases	80	70
Nonperforming Financing Receivable | Indirect secured consumer loans | Consumer Portfolio Segment
Total loans and leases	2	1
Nonperforming Financing Receivable | Credit Card | Consumer Portfolio Segment
Total loans and leases	27	26
Nonperforming Financing Receivable | Other consumer loans | Consumer Portfolio Segment
Total loans and leases	$ 2	$ 1

Credit Quality - Summary of t_6

Credit Quality - Summary of the Credit Risk Profile of the Residential Mortgage and Consumer Portfolio Segments by Class (Parenthetical) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Residential Mortgage Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans measured at fair value on a recurring basis	$ 184	$ 179

Credit Quality - Recorded Inves

Credit Quality - Recorded Investment in Portfolio Loans and Leases by Age and Class (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans and Leases	$ 108,417	$ 94,487
Total Past Due	808	599
Total portfolio loans and leases	109,225	95,086
90-Days past Due and Still Accruing	132	93
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	440	326
90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	368	273
Commercial and Industrial Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans and Leases	50,504	44,213
Total Past Due	264	127
Total portfolio loans and leases	50,768	44,340
90-Days past Due and Still Accruing	15	4
Commercial and Industrial Loans | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	131	32
Commercial and Industrial Loans | 90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	133	95
Commercial Mortgage Loans, Owner-occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans and Leases	4,742	3,277
Total Past Due	26	7
Total portfolio loans and leases	4,768	3,284
90-Days past Due and Still Accruing	3	2
Commercial Mortgage Loans, Owner-occupied | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9	1
Commercial Mortgage Loans, Owner-occupied | 90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	17	6
Commercial Mortgage Loans, Nonowner-Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans and Leases	6,025	3,688
Total Past Due	29	2
Total portfolio loans and leases	6,054	3,690
90-Days past Due and Still Accruing	15	0
Commercial Mortgage Loans, Nonowner-Occupied | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	13	1
Commercial Mortgage Loans, Nonowner-Occupied | 90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	16	1
Commercial construction loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans and Leases	5,280	4,657
Total Past Due	1	0
Total portfolio loans and leases	5,281	4,657
90-Days past Due and Still Accruing	1	0
Commercial construction loans | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial construction loans | 90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1	0
Commercial Leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans and Leases	3,479	3,597
Total Past Due	16	3
Total portfolio loans and leases	3,495	3,600
90-Days past Due and Still Accruing	1	0
Commercial Leases | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	1
Commercial Leases | 90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	14	2
Residential Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans and Leases	16,390	15,227
Total Past Due	101	98
Total portfolio loans and leases	16,491	15,325
90-Days past Due and Still Accruing	48	38
Residential Mortgage | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	32	37
Residential Mortgage | 90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	69	61
Home Equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans and Leases	6,097	6,280
Total Past Due	121	122
Total portfolio loans and leases	6,218	6,402
90-Days past Due and Still Accruing	0	0
Home Equity | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	63	71
Home Equity | 90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	58	51
Indirect secured consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans and Leases	10,892	8,844
Total Past Due	134	132
Total portfolio loans and leases	11,026	8,976
90-Days past Due and Still Accruing	10	12
Indirect secured consumer loans | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	120	119
Indirect secured consumer loans | 90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	14	13
Credit Card
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans and Leases	2,375	2,381
Total Past Due	92	89
Total portfolio loans and leases	2,467	2,470
90-Days past Due and Still Accruing	38	37
Credit Card | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	49	47
Credit Card | 90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	43	42
Other consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans and Leases	2,633	2,323
Total Past Due	24	19
Total portfolio loans and leases	2,657	2,342
90-Days past Due and Still Accruing	1	0
Other consumer loans | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	21	17
Other consumer loans | 90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 3	$ 2

Credit Quality - Recorded Inv_2

Credit Quality - Recorded Investment in Portfolio Loans and Leases by Age and Class (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 808		$ 808		$ 599
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	440		440		326
90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	368		368		273
Residential Mortgage Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans measured at fair value on a recurring basis	184		184		179
Residential Mortgage Loans | Federal Housing Administration Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Losses Due To Claim Denials And Curtailments	1	$ 1	1	$ 4
Residential Mortgage Loans | Federal Housing Administration Loan | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	96		96		90
Residential Mortgage Loans | Federal Housing Administration Loan | 90 Days and Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 274		$ 274		$ 195

Credit Quality - Recorded Inv_3

Credit Quality - Recorded Investment in Impaired Loans and Related Allowance by Class (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Impaired Financing Receivable Unpaid Principal Balance
Impaired Financing Receivable With Related Allowance Unpaid Principal Balance	$ 929	$ 846
Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance	558	536
Unpaid Principal Balance	1,487	1,382
Impaired Financing Receivable Recorded Investment Abstract
Impaired Financing Receivable With Related Allowance Recorded Investment	841	787
Impaired Financing Receivable With No Related Allowance Recorded Investment	530	504
Recorded investment	1,371	1,291
Allowance	147	141
Commercial Portfolio Segment | Commercial and Industrial Loans
Impaired Financing Receivable Unpaid Principal Balance
Impaired Financing Receivable With Related Allowance Unpaid Principal Balance	257	156
Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance	129	137
Impaired Financing Receivable Recorded Investment Abstract
Impaired Financing Receivable With Related Allowance Recorded Investment	178	107
Impaired Financing Receivable With No Related Allowance Recorded Investment	121	125
Allowance	44	34
Commercial Portfolio Segment | Commercial Mortgage Loans, Owner-occupied
Impaired Financing Receivable Unpaid Principal Balance
Impaired Financing Receivable With Related Allowance Unpaid Principal Balance	5	2
Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance	21	9
Impaired Financing Receivable Recorded Investment Abstract
Impaired Financing Receivable With Related Allowance Recorded Investment	5	2
Impaired Financing Receivable With No Related Allowance Recorded Investment	20	9
Allowance	0	1
Commercial Portfolio Segment | Commercial Mortgage Loans, Nonowner-Occupied
Impaired Financing Receivable Unpaid Principal Balance
Impaired Financing Receivable With Related Allowance Unpaid Principal Balance	1	2
Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance	3	11
Impaired Financing Receivable Recorded Investment Abstract
Impaired Financing Receivable With Related Allowance Recorded Investment	1	1
Impaired Financing Receivable With No Related Allowance Recorded Investment	3	11
Allowance	0	0
Commercial Portfolio Segment | Commercial Leases
Impaired Financing Receivable Unpaid Principal Balance
Impaired Financing Receivable With Related Allowance Unpaid Principal Balance	31	23
Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance	3
Impaired Financing Receivable Recorded Investment Abstract
Impaired Financing Receivable With Related Allowance Recorded Investment	27	22
Impaired Financing Receivable With No Related Allowance Recorded Investment	3
Allowance	9	7
Residential Mortgage Loans
Impaired Financing Receivable Unpaid Principal Balance
Impaired Financing Receivable With Related Allowance Unpaid Principal Balance	451	465
Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance	328	292
Impaired Financing Receivable Recorded Investment Abstract
Impaired Financing Receivable With Related Allowance Recorded Investment	448	462
Impaired Financing Receivable With No Related Allowance Recorded Investment	310	274
Allowance	58	61
Consumer Portfolio Segment | Home Equity
Impaired Financing Receivable Unpaid Principal Balance
Impaired Financing Receivable With Related Allowance Unpaid Principal Balance	134	146
Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance	73	85
Impaired Financing Receivable Recorded Investment Abstract
Impaired Financing Receivable With Related Allowance Recorded Investment	134	145
Impaired Financing Receivable With No Related Allowance Recorded Investment	72	83
Allowance	22	22
Consumer Portfolio Segment | Indirect secured consumer loans
Impaired Financing Receivable Unpaid Principal Balance
Impaired Financing Receivable With Related Allowance Unpaid Principal Balance	4	5
Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance	1	2
Impaired Financing Receivable Recorded Investment Abstract
Impaired Financing Receivable With Related Allowance Recorded Investment	4	4
Impaired Financing Receivable With No Related Allowance Recorded Investment	1	2
Allowance	1	1
Consumer Portfolio Segment | Credit Card
Impaired Financing Receivable Unpaid Principal Balance
Impaired Financing Receivable With Related Allowance Unpaid Principal Balance	46	47
Impaired Financing Receivable Recorded Investment Abstract
Impaired Financing Receivable With Related Allowance Recorded Investment	44	44
Allowance	$ 13	$ 15

Credit Quality - Recorded Inv_4

Credit Quality - Recorded Investment in Impaired Loans and Related Allowance by Class (Parenthetical) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 1,487	$ 1,382
Commercial Portfolio Segment | TDR on accrual status
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	34	60
Commercial Portfolio Segment | TDR on nonaccrual status
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	235	147
Residential Mortgage Loans | TDR on accrual status
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	748	724
Residential Mortgage Loans | TDR on nonaccrual status
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	10	12
Consumer Portfolio Segment | TDR on accrual status
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	210	237
Consumer Portfolio Segment | TDR on nonaccrual status
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 45	$ 41

Credit Quality - Summary of Ave

Credit Quality - Summary of Average Impaired Loans and Leases and Interest Income by Class (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 1,401	$ 1,430	$ 1,361	$ 1,513
Interest Income Recognized	13	14	41	46
Commercial Portfolio Segment | Commercial and Industrial Loans
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	329	313	294	408
Interest Income Recognized	2	3	6	13
Commercial Portfolio Segment | Commercial Mortgage Loans, Owner-occupied
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	26	11	22	17
Interest Income Recognized	0	0	0	0
Commercial Portfolio Segment | Commercial Mortgage Loans, Nonowner-Occupied
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	5	21	9	27
Interest Income Recognized	0	0	0	0
Commercial Portfolio Segment | Commercial Leases
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	33	28	28	17
Interest Income Recognized	0	0	1	0
Residential Mortgage Loans
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	751	767	742	744
Interest Income Recognized	7	7	22	21
Consumer Portfolio Segment | Home Equity
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	209	239	217	248
Interest Income Recognized	3	3	9	9
Consumer Portfolio Segment | Indirect secured consumer loans
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	5	7	6	8
Interest Income Recognized	0	0	0	0
Consumer Portfolio Segment | Credit Card
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	43	44	43	44
Interest Income Recognized	$ 1	$ 1	$ 3	$ 3

Credit Quality - Summary of t_7

Credit Quality - Summary of the Nonperforming Loans and Leases by Class (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Modifications [Line Items]
Nonaccrual portfolio loans and leases	$ 482	$ 348
OREO and other repossessed property	37	47
Nonperforming portfolio assets	519	395
Commercial Portfolio Segment
Financing Receivable, Modifications [Line Items]
Nonaccrual portfolio loans and leases	349	228
Commercial Portfolio Segment | Commercial and Industrial Loans
Financing Receivable, Modifications [Line Items]
Nonaccrual portfolio loans and leases	293	193
Commercial Portfolio Segment | Commercial Mortgage Loans, Owner-occupied
Financing Receivable, Modifications [Line Items]
Nonaccrual portfolio loans and leases	24	11
Commercial Portfolio Segment | Commercial Mortgage Loans, Nonowner-Occupied
Financing Receivable, Modifications [Line Items]
Nonaccrual portfolio loans and leases	2	2
Commercial Portfolio Segment | Commercial Leases
Financing Receivable, Modifications [Line Items]
Nonaccrual portfolio loans and leases	30	22
Residential Mortgage Loans
Financing Receivable, Modifications [Line Items]
Nonaccrual portfolio loans and leases	22	22
Consumer Portfolio Segment
Financing Receivable, Modifications [Line Items]
Nonaccrual portfolio loans and leases	111	98
Consumer Portfolio Segment | Home Equity
Financing Receivable, Modifications [Line Items]
Nonaccrual portfolio loans and leases	80	69
Consumer Portfolio Segment | Indirect secured consumer loans
Financing Receivable, Modifications [Line Items]
Nonaccrual portfolio loans and leases	2	1
Consumer Portfolio Segment | Credit Card
Financing Receivable, Modifications [Line Items]
Nonaccrual portfolio loans and leases	27	27
Consumer Portfolio Segment | Other Consumer Loans
Financing Receivable, Modifications [Line Items]
Nonperforming portfolio assets	$ 2	$ 1

Credit Quality - Summary of t_8

Credit Quality - Summary of the Nonperforming Loans and Leases by Class (Parenthetical) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Modifications [Line Items]
Loans and leases held for sale	$ 1,223	$ 607
Portfolio loans and leases	109,225	95,086
Commercial Portfolio Segment
Financing Receivable, Modifications [Line Items]
Portfolio loans and leases	70,366	59,571
Nonaccrual
Financing Receivable, Modifications [Line Items]
Loans and leases held for sale	13	16
Portfolio loans and leases	133	120
Nonaccrual | Government Insured
Financing Receivable, Modifications [Line Items]
Portfolio loans and leases	15	6
Restructured nonaccrual loans and leases	$ 10	$ 2

Credit Quality - Additional Inf

Credit Quality - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Troubled Debt Restructuring
Line of credit commitments for modified troubled debt restructurings	$ 46	$ 24
Letter of credit commitments for modified troubled debt restructurings	59	67
Mortgage loans in process of foreclosure amount	200	$ 153
Commercial aggregate borrower relationship subject to individual review for impairment	$ 1

Credit Quality - Summary of Loa

Credit Quality - Summary of Loans Modified in a TDR (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)
Financing Receivable, Modifications [Line Items]
Number of Loans Modified in a TDR During the Period	1,802	1,803	4,982	6,347
Recorded Investment in Loans Modified in a TDR During the Period	$ 121	$ 86	$ 279	$ 368
Increase (Decrease) to ALLL Upon Modification	2	(4)	(8)	12
Charge-offs Recognized Upon Modification	$ 1	$ 7	$ 8	$ 8
Commercial Portfolio Segment | Commercial and Industrial Loans
Financing Receivable, Modifications [Line Items]
Number of Loans Modified in a TDR During the Period	27	16	65	41
Recorded Investment in Loans Modified in a TDR During the Period	$ 72	$ 52	$ 168	$ 187
Increase (Decrease) to ALLL Upon Modification	(1)	(7)	(15)	2
Charge-offs Recognized Upon Modification	$ 0	$ 7	$ 5	$ 7
Commercial Portfolio Segment | Commercial Mortgage Loans, Owner-occupied
Financing Receivable, Modifications [Line Items]
Number of Loans Modified in a TDR During the Period	4		13	2
Recorded Investment in Loans Modified in a TDR During the Period	$ 1		$ 10	$ 0
Increase (Decrease) to ALLL Upon Modification	0		0	0
Charge-offs Recognized Upon Modification	$ 0		$ 0	$ 0
Residential Mortgage Loans
Financing Receivable, Modifications [Line Items]
Number of Loans Modified in a TDR During the Period	256	185	531	969
Recorded Investment in Loans Modified in a TDR During the Period	$ 39	$ 24	$ 74	$ 148
Increase (Decrease) to ALLL Upon Modification	1	1	1	4
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Consumer Portfolio Segment | Home Equity
Financing Receivable, Modifications [Line Items]
Number of Loans Modified in a TDR During the Period	21	30	58	84
Recorded Investment in Loans Modified in a TDR During the Period	$ 1	$ 2	$ 3	$ 6
Increase (Decrease) to ALLL Upon Modification	0	0	0	0
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Consumer Portfolio Segment | Indirect secured consumer loans
Financing Receivable, Modifications [Line Items]
Number of Loans Modified in a TDR During the Period	27	25	65	64
Recorded Investment in Loans Modified in a TDR During the Period	$ 0	$ 0	$ 0	$ 0
Increase (Decrease) to ALLL Upon Modification	0	0	0	0
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Consumer Portfolio Segment | Credit Card
Financing Receivable, Modifications [Line Items]
Number of Loans Modified in a TDR During the Period	1,467	1,547	4,250	5,187
Recorded Investment in Loans Modified in a TDR During the Period	$ 8	$ 8	$ 24	$ 27
Increase (Decrease) to ALLL Upon Modification	2	2	6	6
Charge-offs Recognized Upon Modification	$ 1	$ 0	$ 3	$ 1

Credit Quality - Summary of Sub

Credit Quality - Summary of Subsequent Defaults (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)
Financing Receivable, Modifications [Line Items]
Number of contracts	146	183	825	679
Recorded Investment in Loans Modified in a TDR During the Period	$ 13	$ 37	$ 54	$ 88
Commercial Portfolio Segment | Commercial and Industrial Loans
Financing Receivable, Modifications [Line Items]
Number of contracts	1	5	8	8
Recorded Investment in Loans Modified in a TDR During the Period	$ 3	$ 32	$ 20	$ 61
Commercial Portfolio Segment | Commercial Mortgage Loans, Owner-occupied
Financing Receivable, Modifications [Line Items]
Number of contracts	2		4	2
Recorded Investment in Loans Modified in a TDR During the Period	$ 0		$ 1	$ 0
Residential Mortgage Loans
Financing Receivable, Modifications [Line Items]
Number of contracts	67	28	196	138
Recorded Investment in Loans Modified in a TDR During the Period	$ 10	$ 4	$ 30	$ 24
Consumer Portfolio Segment | Home Equity
Financing Receivable, Modifications [Line Items]
Number of contracts	7	4	12	6
Recorded Investment in Loans Modified in a TDR During the Period	$ 0	$ 0	$ 0	$ 0
Consumer Portfolio Segment | Credit Card
Financing Receivable, Modifications [Line Items]
Number of contracts	69	146	605	525
Recorded Investment in Loans Modified in a TDR During the Period	$ 0	$ 1	$ 3	$ 3

Bank Premises & Equipment - Ban

Bank Premises & Equipment - Bank Premises and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Bank Premises and Equipment
Land and improvements	$ 640	$ 586
Buildings	1,552	1,547
Equipment	2,095	1,987
Leasehold improvements	415	403
Construction in progress	98	81
Land and improvements held for sale	50	25
Branches held for sale	32	14
Equipment held for sale	5	3
Accumulated depreciation and amortization	(2,834)	(2,785)
Total bank premises and equipment	$ 2,053	$ 1,861

Bank Premises & Equipment - B_2

Bank Premises & Equipment - Bank Premises and Equipment (Parenthetical) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Bank Premises And Equipment [Line Items]
Land and improvements	$ 640	$ 586
Branches and undeveloped parcels of land
Bank Premises And Equipment [Line Items]
Land and improvements	$ 60	$ 55

Bank Premises & Equipment - Add

Bank Premises & Equipment - Additional Information (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)
Bank Premises And Equipment [Line Items]
Bank premises impairment	$ 5	$ 27	$ 41
Branches fair value	$ 193	$ 193	$ 314
Branches and undeveloped parcels of land | MB Financial, Inc. | Chicago market
Bank Premises And Equipment [Line Items]
Other locations held for sale	11	11
Other locations fair value	$ 10	$ 10
Impairment as a result of acquisition		$ 14
2018 Branch Optimization Plan | Lower Limit
Bank Premises And Equipment [Line Items]
Branches held for sale	100	100
2018 Branch Optimization Plan | Upper Limit
Bank Premises And Equipment [Line Items]
Branches held for sale	125	125
Closed in 2019
Bank Premises And Equipment [Line Items]
Branches held for sale	65	65
Closed in 2019 | MB Financial, Inc.
Bank Premises And Equipment [Line Items]
Branches held for sale	45	45
To Be Closed in 2020
Bank Premises And Equipment [Line Items]
Branches held for sale	30	30
To be Closed in 2019
Bank Premises And Equipment [Line Items]
Branches held for sale	4	4
To Be Closed | MB Financial, Inc. | Chicago market
Bank Premises And Equipment [Line Items]
Branches held for sale	46	46

Operating Lease Equipment - Add

Operating Lease Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Property Subject To Or Available For Operating Lease [Line Items]
Operating lease equipment	$ 869		$ 869		$ 518
Other asset impairment charges		$ 2		$ 4
Operating lease income relating to lease payments			(111)	0
Operating lease equipment
Property Subject To Or Available For Operating Lease [Line Items]
Operating lease income relating to lease payments	$ 44	20	$ 110	65
Operating lease equipment | Commercial Banking
Property Subject To Or Available For Operating Lease [Line Items]
Other asset impairment charges		$ 2		$ 4

Operating Lease Equipment - Ope

Operating Lease Equipment - Operating Lease Equipment Payments (Details) $ in Millions	Sep. 30, 2019USD ($)
Property Subject To Or Available For Operating Lease [Line Items]
Remainder of 2019	$ 41
2020	143
2021	114
2022	85
2023	61
2024	36
Thereafter	62
Total operating lease payments	$ 542

Lease Obligations - Lessee - Le

Lease Obligations - Lessee - Lease Assets and Lease Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jan. 01, 2019
Lessee Lease Description [Line Items]
Operating lease right-of-use assets		$ 509
Total right-of-use assets	$ 487
Operating lease liabilities	543
Finance lease liabilities	26
Total lease liabilities	569
Finance lease right of use asset accumulated amortization	25
Operating lease right of use asset accumulated amortization	57
Other assets
Lessee Lease Description [Line Items]
Operating lease right-of-use assets	462
Bank premises and equipment
Lessee Lease Description [Line Items]
Finance lease right-of-us assets	25
Accrued taxes, interest and expenses
Lessee Lease Description [Line Items]
Operating lease liabilities	543
Long-term debt
Lessee Lease Description [Line Items]
Finance lease liabilities	$ 26

Lease Obligations - Lessee - _2

Lease Obligations - Lessee - Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Lease Cost [Line Items]
Total finance lease costs	$ 2	$ 5
Total operating lease costs	31	92
Total lease costs	33	97
Right of use asset, operating lease impairment	5	12
Net occupancy and equipment expense
Lease Cost [Line Items]
Amortization of right-of-use assets	2	5
Interest Expense, Long-Term Debt
Lease Cost [Line Items]
Interest on lease liabilities	0	0
Net occupancy expense
Lease Cost [Line Items]
Operating lease cost	25	72
Short-term lease cost	0	0
Variable lease cost	7	23
Sublease income	$ (1)	$ (3)

Lease Obligations - Lessee - Un

Lease Obligations - Lessee - Undiscounted Cash Flows (Details) $ in Millions	Sep. 30, 2019USD ($)
Operating Leases
Remainder of 2019	$ 25
2020	88
2021	77
2022	72
2023	63
2024	55
Thereafter	258
Total undiscounted cash flows	638
Less: Difference between undiscounted cash flows and discounted cash flows	(95)
Operating lease liabilities	543
Finance Leases
Remainder of 2019	2
2020	6
2021	5
2022	4
2023	1
2024	1
Thereafter	14
Total undiscounted cash flows	33
Less: Difference between undiscounted cash flows and discounted cash flows	(7)
Finance lease liabilities	26
Total
Remainder of 2019	27
2020	94
2021	82
2022	76
2023	64
2024	56
Thereafter	272
Total undiscounted cash flows	671
Less: Difference between undiscounted cash flows and discounted cash flows	102
Total lease liabilities	$ 569

Lease Obligations - Lessee - Ot

Lease Obligations - Lessee - Other Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Other Information
Finance Lease Weighted Average Discount Rate, Percent	4.78%
Operating Lease Weighted Average Discount Rate, Percent	3.24%
Operating Lease Weighted Average Remaining Lease Term	9 years 4 months 6 days
Finance Lease Weighted Average Remaining Lease Term	11 years 4 months 6 days
Gains and losses on sale and leaseback transations, net	$ 5
Lease liability
Other Information
Operating Cash Flows from Operating Leases	72
Operating Cash Flows from Finance Leases	1
Financing Cash Flows from Finance Leases	$ 3

Goodwill - Changes in Goodwill

Goodwill - Changes in Goodwill by Reporting Segment (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Mar. 22, 2019	Dec. 31, 2016
Goodwill
Goodwill			$ 1,800	$ 3,410
Accumulated impairment losses				(965)
Goodwill Roll Forward
Net carrying value, beginning of period:	$ 2,478	$ 2,445
Acquisition activity	1,815	33
Sale of Business	3
Net carrying value, end of period:	4,290	2,478
Commercial Banking
Goodwill
Goodwill				1,363
Accumulated impairment losses				(750)
Goodwill Roll Forward
Net carrying value, beginning of period:	630	613
Acquisition activity	1,352	17
Sale of Business	0
Net carrying value, end of period:	1,982	630
Branch Banking
Goodwill
Goodwill				1,655
Accumulated impairment losses				0
Goodwill Roll Forward
Net carrying value, beginning of period:	1,655	1,655
Acquisition activity	399	0
Sale of Business	0
Net carrying value, end of period:	2,054	1,655
Consumer Lending
Goodwill
Goodwill				215
Accumulated impairment losses				(215)
Goodwill Roll Forward
Net carrying value, beginning of period:	0	0
Acquisition activity	0	0
Sale of Business	0
Net carrying value, end of period:	0	0
Wealth and Asset Management
Goodwill
Goodwill				177
Accumulated impairment losses				0
Goodwill Roll Forward
Net carrying value, beginning of period:	193	177
Acquisition activity	64	16
Sale of Business	3
Net carrying value, end of period:	254	193
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
Sale of Business	0
Net carrying value, end of period:	$ 0	$ 0

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Mar. 22, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets		$ 14	$ 2	$ 31	$ 4
Core deposit intangible asset						$ 195
MB Financial, Inc.
Finite-Lived Intangible Assets [Line Items]
Estimated weighted-average life (in years)	7 years 2 months 12 days

Intangible Assets - Intangible

Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 275	$ 87
Accumulated Amortization	(74)	(47)
Net Carrying Amount	201	40
Core Deposits
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	229	34
Accumulated Amortization	(57)	(30)
Net Carrying Amount	172	4
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4	7
Accumulated Amortization	(1)	(3)
Net Carrying Amount	3	4
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	13	14
Accumulated Amortization	(11)	(11)
Net Carrying Amount	2	3
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	29	32
Accumulated Amortization	(5)	(3)
Net Carrying Amount	$ 24	$ 29

Intangible Assets - Estimated A

Intangible Assets - Estimated Amortization Expense (Details) - Other Intangible Assets $ in Millions	Sep. 30, 2019USD ($)
Finite-Lived Intangible Assets [Line Items]
Remainder of 2019	$ 14
2020	48
2021	40
2022	32
2023	$ 24

VIE - Classifications of Consol

VIE - Classifications of Consolidated VIEs Included in the Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Assets
Other short-term investments	$ 3,235		$ 1,825
Automobile loans	11,026		8,976
ALLL	(1,143)	$ (1,115)	(1,103)	$ (1,091)	$ (1,077)	$ (1,196)
Other assets	8,819		7,372
Liabilities
Other liabilities	2,425		2,498
Long-term debt	14,474		14,426
Variable Interest Entity, Primary Beneficiary
Assets
Other short-term investments	76		40
Automobile loans	1,543		668
ALLL	9		4
Other assets	11		5
Liabilities
Other liabilities	3		1
Long-term debt	1,438		606
Variable Interest Entity, Primary Beneficiary | Indirect secured consumer loans
Assets
Other short-term investments	76		40
Automobile loans	1,543		668
ALLL	(9)		(4)
Other assets	11		5
Total Assets	1,621		709
Liabilities
Other liabilities	3		1
Long-term debt	1,438		606
Total liabilities	$ 1,441		$ 607

VIE - Additional Information (D

VIE - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Variable Interest Entity, Primary Beneficiary | Automobile Loan Securitization
Variable Interest Entity [Line Items]
LongTermDebtRetained	$ 68,000,000		$ 68,000,000
Face amount of notes issued or redeemed	1,370,000,000		1,370,000,000
Carry value of automobile loans securitized	1,430,000,000		1,430,000,000
Variable Interest Entity, Not Primary Beneficiary | Loans Provided to VIEs
Variable Interest Entity [Line Items]
Unfunded commitment amounts	1,400,000,000		1,400,000,000		$ 1,300,000,000
Variable Interest Entity, Not Primary Beneficiary | Fifth Third Community Development Corporation Investments
Variable Interest Entity [Line Items]
Maximum Exposure	1,424,000,000		1,424,000,000		1,198,000,000
Total Assets	1,424,000,000		1,424,000,000		1,198,000,000
Variable Interest Entity, Not Primary Beneficiary | Fifth Third Community Development Corporation Investments | Qualified Affordable Housing Tax Credits
Variable Interest Entity [Line Items]
Total Assets	1,100,000,000		1,100,000,000		1,100,000,000
Unfunded commitments in qualifying LIHTC investments	440,000,000		440,000,000		374,000,000
Variable Interest Entity, Not Primary Beneficiary | Private Equity Funds
Variable Interest Entity [Line Items]
Maximum Exposure	161,000,000		161,000,000		73,000,000
Total Assets	84,000,000		84,000,000		41,000,000
Unfunded commitment amounts	7,000,000		7,000,000		$ 32,000,000
Capital Contribution To Private Equity Investments	$ 2,000,000	$ 1,000,000	9,000,000	$ 6,000,000
OTTI			$ 0	$ 8,000,000

VIE - Assets and Liabilities Re

VIE - Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Private Equity Investments
Variable Interest Entity [Line Items]
Total Assets	$ 84	$ 41
Total Liabilities	0	0
Maximum Exposure	161	73
Loans Provided to VIEs
Variable Interest Entity [Line Items]
Total Assets	2,628	2,331
Total Liabilities	0	0
Maximum Exposure	3,979	3,617
Lease pool entities
Variable Interest Entity [Line Items]
Total Assets	66
Total Liabilities	0
Maximum Exposure	66
Fifth Third Community Development Corporation Investments
Variable Interest Entity [Line Items]
Total Assets	1,424	1,198
Total Liabilities	440	376
Maximum Exposure	$ 1,424	$ 1,198

VIE - Investments in Qualified

VIE - Investments in Qualified Affordable Housing Tax Credits (Details) - Applicable income tax expense - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Schedule of Equity Method Investments [Line Items]
Proportional amortization	$ 31	$ 35	$ 105	$ 118
Tax credits and other benefits	$ (35)	$ (44)	$ (122)	$ (146)

MSR - Activity Related to Mortg

MSR - Activity Related to Mortgage Banking Net Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale
Residential mortgage loan sales	$ 2,397	$ 1,446	$ 5,212	$ 3,919
Origination fees and gains on loan sales	64	25	126	77
Gross mortgage servicing fees	$ 71	$ 56	$ 196	$ 162

MSR - Changes in the Servicing

MSR - Changes in the Servicing Assets (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Servicing Assets at Fair Value [Line Items]
Fair value at beginning of period	$ 938	$ 858
Servicing rights originated	99	62
Servicing rights acquired	26	82
Servicing rights obtained in acquisition	263	0
Changes in fair value due to changes in inputs or assumptions	(294)	103
Changes in fair value due to other changes in fair value	(122)	(95)
Fair value at end of period	$ 910	$ 1,010

MSR - Activity Related to the M

MSR - Activity Related to the MSR Portfolio (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Servicing Assets at Fair Value [Line Items]
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights	$ 0	$ (1)	$ 5	$ (18)
MSR fair value adjustments due to change in inputs or assumptions	(120)	25	(294)	103
Interest Rate Contract | Servicing Rights | Mortgage banking net revenue
Servicing Assets at Fair Value [Line Items]
Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio (Mortgage banking net revenue)	$ 130	$ (24)	$ 308	$ (89)

MSR - Servicing Assets and Resi

MSR - Servicing Assets and Residual Interests Economic Assumptions (Details)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Fixed Rate Residential Mortgage
Assumption For Fair Value As Of Balance Sheet Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items]
Weighted- Average Life (in years)	5 years 6 months	6 years 6 months
Prepayment Speed (annual)	13.70%	11.10%
OAS spread (bps)	54300.00%	51700.00%
Adjustable Rate Residential Mortgage
Assumption For Fair Value As Of Balance Sheet Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities [Line Items]
Weighted- Average Life (in years)		3 years 3 months 18 days
Prepayment Speed (annual)		23.70%
OAS spread (bps)		70000.00%

MSR - Additional Information (D

MSR - Additional Information (Details) - USD ($) $ in Billions	Sep. 30, 2019	Dec. 31, 2018
Disclosure - Activity Related to Mortgage Banking Net Revenue [Abstract]
Aggregate loans transferred to securitization	$ 82.7	$ 63.2

MSR - Sensitivity of the Curren

MSR - Sensitivity of the Current Fair Value of Residual Cash Flows to Adverse Changes in Assumptions (Details) $ in Millions	3 Months Ended
	Sep. 30, 2019USD ($)
Fixed Rate Residential Mortgage
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair Value	$ 899
Weighted- Average Life (in years)	4 years 8 months 12 days
Prepayment Speed (annual)	15.40%
Impact of Adverse Change on Fair Value 10%	$ (32)
Impact of Adverse Change on Fair Value 20%	(62)
Impact of Adverse Change on Fair Value 50%	$ (143)
OAS spread (bps)	61900.00%
Impact of Adverse Change on Fair Value 10%	$ (18)
Impact of Adverse Change on Fair Value 20%	(36)
Adjustable Rate Residential Mortgage
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair Value	$ 11
Weighted- Average Life (in years)	3 years 4 months 24 days
Prepayment Speed (annual)	23.40%
Impact of Adverse Change on Fair Value 10%	$ (1)
Impact of Adverse Change on Fair Value 20%	(1)
Impact of Adverse Change on Fair Value 50%	$ (3)
OAS spread (bps)	91400.00%
Impact of Adverse Change on Fair Value 10%	$ 0
Impact of Adverse Change on Fair Value 20%	$ 0

Derivatives - Additional Inform

Derivatives - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Valuation adjustments related to the credit risk associated with counterparties of customer accomodation derivative contracts	$ 21	$ 3
Notional amount of the risk participation agreements	4,345	4,002
Amount of variation margin payment applied to derivative asset contracts	748	249
Amount of variation margin payment applied to derivative liability contracts	528	23
Total collateral
Derivative [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	1,100	481
Derivative Liability, Fair Value, Amount Offset Against Collateral	$ 241	551
Interest Rate Contract | Credit Risk
Derivative [Line Items]
Credit Risk Derivatives Average Remaining Life	3 years 6 months
Fair value of risk participation agreements	$ 9	8
Interest Rate Contract | Cash Flow Hedging
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge	63 months
Deferred gains or losses, net of tax, on cash flow hedges were recorded in accumulated other comprehensive income	$ 519	$ 160
Net deferred gains or losses, net of tax, recorded in accumulated other comprehensive income are expected to be reclassified into earnings during the next twelve months	$ 10

Derivatives - Derivative Instru

Derivatives - Derivative Instruments Included in the Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Fair value - Derivative Assets	$ 2,097	$ 1,114
Fair value - Derivative Liabilities	911	874
Accumulated Net Gain (Loss) from Designated or Qualifying Hedges
Derivatives, Fair Value [Line Items]
Fair value - Derivative Assets	615	346
Fair value - Derivative Liabilities	75	29
Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Fair Value Hedging
Derivatives, Fair Value [Line Items]
Fair value - Derivative Assets	459	262
Fair value - Derivative Liabilities	3	2
Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Fair Value Hedging | Interest Rate Swap | Long-Term Debt
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	2,705	3,455
Fair value - Derivative Assets	459	262
Fair value - Derivative Liabilities	3	2
Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Fair value - Derivative Assets	156	84
Fair value - Derivative Liabilities	72	27
Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Cash Flow Hedging | Interest Rate Swap | Commercial and Industrial Loans
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	8,000	8,000
Fair value - Derivative Assets	0	15
Fair value - Derivative Liabilities	72	27
Accumulated Net Gain (Loss) from Designated or Qualifying Hedges | Cash Flow Hedging | Interest Rate Floor | Commercial and Industrial Loans
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	3,000	3,000
Fair value - Derivative Assets	156	69
Fair value - Derivative Liabilities	0	0
Nondesignated
Derivatives, Fair Value [Line Items]
Fair value - Derivative Assets	1,482	768
Fair value - Derivative Liabilities	836	845
Nondesignated | Risk Management And Other Business Purposes
Derivatives, Fair Value [Line Items]
Fair value - Derivative Assets	181	44
Fair value - Derivative Liabilities	163	147
Nondesignated | Risk Management And Other Business Purposes | Interest Rate Contract | Servicing Contracts
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	6,420	10,045
Fair value - Derivative Assets	178	40
Fair value - Derivative Liabilities	12	14
Nondesignated | Risk Management And Other Business Purposes | Forward Contracts | Loans Held For Sale
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	2,693	926
Fair value - Derivative Assets	3	0
Fair value - Derivative Liabilities	5	8
Nondesignated | Risk Management And Other Business Purposes | Swap
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	2,834	2,174
Fair value - Derivative Assets	0	0
Fair value - Derivative Liabilities	146	125
Nondesignated | Risk Management And Other Business Purposes | Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	0	133
Fair value - Derivative Assets	0	4
Fair value - Derivative Liabilities	0	0
Nondesignated | Customer Accommodation
Derivatives, Fair Value [Line Items]
Fair value - Derivative Assets	1,301	724
Fair value - Derivative Liabilities	673	698
Nondesignated | Customer Accommodation | Interest Rate Contract
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	71,511	55,012
Fair value - Derivative Assets	727	262
Fair value - Derivative Liabilities	169	278
Nondesignated | Customer Accommodation | Interest Rate Lock Commitments
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	1,096	407
Fair value - Derivative Assets	24	7
Fair value - Derivative Liabilities	0	0
Nondesignated | Customer Accommodation | Commodity Contract
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	8,144	6,511
Fair value - Derivative Assets	368	307
Fair value - Derivative Liabilities	353	278
Nondesignated | Customer Accommodation | TBAs
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	28	18
Fair value - Derivative Assets	0	0
Fair value - Derivative Liabilities	0	0
Nondesignated | Customer Accommodation | Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	13,924	13,205
Fair value - Derivative Assets	182	148
Fair value - Derivative Liabilities	$ 151	$ 142

Derivatives - Derivative Inst_2

Derivatives - Derivative Instruments Included in the Consolidated Balance Sheets (Parenthetical) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value
Amount of variation margin payment applied to derivative asset contracts	$ 748	$ 249
Amount of variation margin payment applied to derivative liability contracts	528	$ 23
Nondesignated | Customer Accommodation | Interest Rate Contract
Derivatives, Fair Value
Amount of variation margin payment applied to derivative asset contracts	36
Amount of variation margin payment applied to derivative liability contracts	$ 621

Derivatives - Change in the Fai

Derivatives - Change in the Fair Value for Interest Rate Contracts and Related Hedged Items (Details) - Fair Value Hedging - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Long-Term Debt
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Item	$ 3,455		$ 3,455
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items	(467)		(467)
Interest Rate Contract | Interest Expense, Long-Term Debt
Derivatives, Fair Value [Line Items]
Change in fair value of interest rate swaps hedging long-term debt	75	$ (29)	219	$ (110)
Change in fair value of hedged long-term debt	$ (74)	$ 31	$ (214)	$ 113

Derivatives - Net Gains (Losses

Derivatives - Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges (Details) - Cash Flow Hedging - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pretax net (losses) gains recognized in OCI	$ 105	$ (25)	$ 456	$ (31)
Interest Income (Expense) Net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pretax net gains reclassified from OCI into net income	$ 5	$ (2)	$ 2	$ (2)

Derivatives - Net Gains (Loss_2

Derivatives - Net Gains (Losses) Relating to Free-Standing Derivative Instruments Used For Risk Management (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest Rate Contract | Forward Contracts | Loans Held For Sale | Mortgage banking net revenue
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	$ 11	$ 7	$ 6	$ 4
Interest Rate Contract | Servicing Rights | Mortgage banking net revenue
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	130	(24)	308	(89)
Foreign Exchange Contract | Forward Contracts | Other noninterest income
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	2	(1)	(3)	3
Equity Contract | Swap | Other noninterest income
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	$ (11)	$ (17)	$ (63)	$ (66)

Derivatives - Risk Ratings of t

Derivatives - Risk Ratings of the Notional Amount of Risk Participation Agreements (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Notional amount of the risk participation agreements	$ 4,345	$ 4,002
Pass
Derivatives, Fair Value [Line Items]
Notional amount of the risk participation agreements	4,188	3,919
Special Mention
Derivatives, Fair Value [Line Items]
Notional amount of the risk participation agreements	144	79
Substandard
Derivatives, Fair Value [Line Items]
Notional amount of the risk participation agreements	$ 13	$ 4

Derivatives - Net Gains (Loss_3

Derivatives - Net Gains (Losses) Relating to Free-Standing Derivative Instruments Used For Customer Accommodation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest Rate Contract | Customer Contracts | Corporate banking revenue
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	$ 12	$ 7	$ 30	$ 23
Interest Rate Contract | Customer Contracts | Other noninterest expense
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	(5)	0	(18)	0
Interest Rate Contract | Interest Rate Lock Commitments | Mortgage banking net revenue
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	50	17	108	52
Commodity Contract | Customer Contracts | Corporate banking revenue
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	3	3	6	7
Commodity Contract | Fair Value Adjustments on Hedges and Derivative Contracts | Other noninterest expense
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	0	0	0	(1)
Foreign Exchange Contract | Customer Contracts | Corporate banking revenue
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	12	16	36	43
Foreign Exchange Contract | Customer Contracts | Other noninterest income
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	7	3	15	8
Foreign Exchange Contract | Fair Value Adjustments on Hedges and Derivative Contracts | Other noninterest expense
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) recorded in earnings	$ 0	$ 0	$ 0	$ 1

Derivatives - Offsetting Deriva

Derivatives - Offsetting Derivative Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivative Fair Value Gross Amount Assets Not Offset Against Collateral Net
Gross amount recognized in the balance sheet	$ 2,097	$ 1,114
Derivative, Collateral, Obligation to Return Cash	(602)	(271)
Derivative Fair Value Gross Amount Liabilities Not Offset Against Collateral Net
Gross amount recognized in the balance sheet	911	874
Assets
Derivative Fair Value Gross Amount Assets Not Offset Against Collateral Net
Gross amount recognized in the balance sheet	2,073	1,107
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	(550)	(410)
Derivative, Collateral, Obligation to Return Cash	(630)	(348)
Derivative, Fair Value, Amount Offset Against Collateral, Net	893	349
Liability
Derivative Fair Value Gross Amount Liabilities Not Offset Against Collateral Net
Gross amount recognized in the balance sheet	911	874
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(550)	(410)
Derivative, Collateral, Right to Reclaim Cash	(18)	(123)
Derivative Fair Value Amount Offset Against Collateral Net	343	341
Derivative | Assets
Derivative Fair Value Gross Amount Assets Not Offset Against Collateral Net
Gross amount recognized in the balance sheet	2,073	1,107
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	(550)	(410)
Derivative, Collateral, Obligation to Return Cash	(630)	(348)
Derivative, Fair Value, Amount Offset Against Collateral, Net	893	349
Derivative | Liability
Derivative Fair Value Gross Amount Liabilities Not Offset Against Collateral Net
Gross amount recognized in the balance sheet	911	874
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(550)	(410)
Derivative, Collateral, Right to Reclaim Cash	(18)	(123)
Derivative Fair Value Amount Offset Against Collateral Net	$ 343	$ 341

Other Short-Term Borrowings - C

Other Short-Term Borrowings - Components of Other Short-Term Borrowings (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Short Term Debt
FHLB advances	$ 2,850	$ 0
Derivative collateral	602	271
Securities sold under repurchase agreements	594	302
Total other short-term borrowings	$ 4,046	$ 573

Capital Actions - Capital Actio

Capital Actions - Capital Actions ASRs (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Capital Actions
Shares acquired for treasury	$ (350)			$ (500)	$ (1,463)	$ (1,053)
August 2019 ASR
Capital Actions
Repurchase Date	Aug. 7, 2019
Shares acquired for treasury	$ 100
Shares repurchased on repurchase date	3,150,482
Shares received from forward contract settlement	694,238
Total shares repurchased	3,844,720
Settlement date	Aug. 16, 2019
August 2019 ASR II
Capital Actions
Repurchase Date	Aug. 9, 2019
Shares acquired for treasury	$ 200
Shares repurchased on repurchase date	6,405,426
Shares received from forward contract settlement	1,475,487
Total shares repurchased	7,880,913
Settlement date	Aug. 28, 2019
Accelerated Share Repurchase Program
Capital Actions
Repurchase Date		Apr. 29, 2019	Mar. 27, 2019
Shares acquired for treasury		$ 200	$ 913
Shares repurchased on repurchase date		6,015,570	31,779,280
Shares received from forward contract settlement		1,217,805	2,026,584
Total shares repurchased		7,233,375	33,805,864
Settlement date		May 23, 2019	Jun. 28, 2019
Settlement date, secondary		May 24, 2019

Capital Actions - Capital Act_2

Capital Actions - Capital Actions ASRs (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Stockholders' Equity Note [Abstract]
Supplemental confirmation, notional	$ 100	$ 100	$ 456.5

Capital Actions - Additional In

Capital Actions - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Proceeds from issuance of preferred stock		$ 242	$ 0
Open Market Share Repurchase
Stock repurchase, value	$ 50
Stock repurchase, shares	1,667,735
Repurchase Date	Jul. 29, 2019
Repurchase Date, secondary	Jul. 30, 2019
Settlement date	Jul. 31, 2019
Settlement date, secondary	Aug. 1, 2019
Preferred Stock, Series K
Preferred stock, issued	10,000	10,000
Preferred stock, liquidation preference	$ 25,000	$ 25,000
Proceeds from issuance of preferred stock	$ 242
Depositary shares	10,000,000	10,000,000
Preferred stock, redemption terms	Subject to any required regulatory approval, the Bancorp may redeem the Series K preferred shares at its option (i) in whole or in part, on any dividend payment date on or after September 30, 2024 and (ii) in whole, but not in part, at any time following a regulatory capital event.
Class B Preferred stock, Series A
Preferred stock, issued	200,000	200,000
Preferred stock, liquidation preference	$ 1,000	$ 1,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Aggregate loans transferred to securitization	$ 82,700	$ 63,200
Senior Debt Obligations | Fixed Rate 3.65 Percent Senior Notes Due 2024 [Member]
Debt Instrument [Line Items]
Face amount of notes issued or redeemed	$ 1,500
Maturity date(s) Start	Jan. 25, 2019
Maturity date(s) End	Jan. 25, 2024
Subordinated Debt | Floating Rate 3ML LIBOR Plus 64 BPs Senior Notes Due 2022 [Member]
Debt Instrument [Line Items]
Face amount of notes issued or redeemed	$ 300
Maturity date(s) Start	Feb. 1, 2019
Maturity date(s) End	Feb. 1, 2022
Automobile Loan Securitization
Debt Instrument [Line Items]
Long-term debt retained	$ 68
Long-term debt outstanding	1,300
Automobile Loan Securitization | Variable Interest Entity, Primary Beneficiary
Debt Instrument [Line Items]
Face amount of notes issued or redeemed	1,370
Carry value of automobile loans securitized	$ 1,430

Commitments - Summary of Signif

Commitments - Summary of Significant Commitments (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Commitments to extend credit
Long-term Purchase Commitment [Line Items]
Commitments	$ 79,076	$ 70,415
Letters of credit
Long-term Purchase Commitment [Line Items]
Commitments	2,219	2,041
Forward contracts related to residential mortgage loans held for sale
Long-term Purchase Commitment [Line Items]
Commitments	2,693	926
Purchase obligations
Long-term Purchase Commitment [Line Items]
Commitments	114	126
Capital commitments for private equity investments
Long-term Purchase Commitment [Line Items]
Commitments	77	32
Capital expenditures
Long-term Purchase Commitment [Line Items]
Commitments	$ 85	$ 45

Commitments - Commitment Risk R

Commitments - Commitment Risk Ratings (Details) - Commitments to Extend Credit - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Commitments	$ 79,076	$ 70,415
Pass
Line of Credit Facility [Line Items]
Commitments	78,124	69,928
Special Mention
Line of Credit Facility [Line Items]
Commitments	474	271
Substandard
Line of Credit Facility [Line Items]
Commitments	477	216
Doubtful
Line of Credit Facility [Line Items]
Commitments	$ 1	$ 0

Commitments - Additional Inform

Commitments - Additional Information (Details) - USD ($) shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2014	Sep. 30, 2012	Mar. 31, 2012	Jun. 30, 2011	Dec. 31, 2010	Jun. 30, 2010	Dec. 31, 2009
Loss Contingencies [Line Items]
Letters of credit	$ 2,219,000,000		$ 2,219,000,000			$ 2,041,000,000
Margin account balance held by the brokerage clearing agent	13,000,000		13,000,000			13,000,000
Amount in excess of amounts reserved	27,000,000		27,000,000
Credit loss reserve	1,143,000,000	$ 1,091,000,000	1,143,000,000	$ 1,091,000,000	$ 1,115,000,000	1,103,000,000	$ 1,077,000,000	$ 1,196,000,000
Residential Mortgage
Loss Contingencies [Line Items]
Amount in excess of amounts reserved	11,000,000		11,000,000
Outstanding balances on residential mortgage loans sold with representation and warranty provisions	7,000,000	6,000,000	7,000,000	6,000,000	$ 7,000,000	6,000,000	7,000,000	$ 9,000,000
Outstanding Repurchase Demand Inventory	5,000,000		5,000,000			1,000,000
Outstanding balances on residential mortgage loans sold with credit recourse	$ 239,000,000		$ 239,000,000			$ 272,000,000
Delinquency Rates	2.00%		2.00%			2.20%
Credit loss reserve	$ 4,000,000		$ 4,000,000			$ 5,000,000
Repurchased Outstanding Principal	7,000,000	4,000,000	20,000,000	11,000,000
Repurchase Demand Request	10,000,000	$ 6,000,000	38,000,000	$ 17,000,000
Secured Debt
Loss Contingencies [Line Items]
Fully and unconditionally guaranteed certain long-term borrowing obligations issued by wholly-owned issuing trust entities	85,000,000		85,000,000			62,000,000
Standby Letters of Credit
Loss Contingencies [Line Items]
Reserve for unfunded commitments	$ 28,000,000		$ 28,000,000			$ 17,000,000
Standby letters of credit as a percentage of total letters of credit	99.00%		99.00%			99.00%
Standby Letters of Credit | Secured Debt
Loss Contingencies [Line Items]
Standby letters of credit as a percentage of total letters of credit	63.00%		63.00%			60.00%
Variable Rate Demand Note
Loss Contingencies [Line Items]
Fifth Third Securities, Inc. (FTS) acted as the remarketing agent to issuers of VRDNs	$ 405,000,000		$ 405,000,000			$ 481,000,000
Letters of credit	3,000,000		3,000,000			6,000,000
Total Variable Rate Demand Notes	408,000,000		408,000,000			487,000,000
Letters of credit issued by the Bancorp related to variable rate demand notes	215,000,000		215,000,000			256,000,000
Variable Rate Demand Note | Trading Securities
Loss Contingencies [Line Items]
Total Variable Rate Demand Notes	0		0			9,000,000
Other Liabilities
Loss Contingencies [Line Items]
Reserve for unfunded commitments	154,000,000		154,000,000			131,000,000
Visa
Loss Contingencies [Line Items]
Recorded share of litigation formally settled by Visa and for probable future litigation settlements	146,000,000		146,000,000			$ 125,000,000
Visa IPO, shares of Visa's Class B common stock received															10.1
Visa Class B shares carryover basis															$ 0
Escrow Deposit	$ 300,000,000		$ 300,000,000				$ 600,000,000		$ 450,000,000	$ 150,000,000	$ 1,565,000,000	$ 400,000,000	$ 800,000,000	$ 500,000,000	$ 3,000,000,000

Commitments - Standby and Comme

Commitments - Standby and Commercial Letters of Credit (Details) - Financial Standby Letter of Credit $ in Millions	Sep. 30, 2019USD ($)
Line of Credit Facility [Line Items]
Commitments	$ 2,219
Less Than One Year From The Balance Sheet Date
Line of Credit Facility [Line Items]
Commitments	1,124
More than One and within Five Years from Balance Sheet Date
Line of Credit Facility [Line Items]
Commitments	1,056
More than Five Years from Balance Sheet Date
Line of Credit Facility [Line Items]
Commitments	$ 39

Commitments - Standby and Com_2

Commitments - Standby and Commercial Letters of Credit (Parenthetical) (Details) - Financial Standby Letter of Credit $ in Millions	Sep. 30, 2019USD ($)
Line of Credit Facility [Line Items]
Commitments	$ 2,219
Less Than One Year From The Balance Sheet Date
Line of Credit Facility [Line Items]
Commitments	1,124
Less Than One Year From The Balance Sheet Date | Commercial
Line of Credit Facility [Line Items]
Commitments	1
More than One and within Five Years from Balance Sheet Date
Line of Credit Facility [Line Items]
Commitments	1,056
More than One and within Five Years from Balance Sheet Date | Commercial
Line of Credit Facility [Line Items]
Commitments	5
More than Five Years from Balance Sheet Date
Line of Credit Facility [Line Items]
Commitments	$ 39

Commitments - Letters of Credit

Commitments - Letters of Credit Risk Ratings (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Letters of credit	$ 2,219	$ 2,041
Pass
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Letters of credit	2,075	1,905
Special Mention
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Letters of credit	11	10
Substandard
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Letters of credit	132	126
Doubtful
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Letters of credit	$ 1	$ 0

Commitments - Activity in Reser

Commitments - Activity in Reserve for Representation and Warranty Provisions (Details) - Residential Mortgage - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance, beginning of period	$ 7	$ 7	$ 6	$ 9
Net (reductions) additions to the reserve	0	(1)	1	(3)
Balance, end of period	$ 7	$ 6	$ 7	$ 6

Commitments - Unresolved Claims

Commitments - Unresolved Claims by Claimant (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)
GSE
Loss Contingencies Dollars
Balance, beginning of period	$ 1	$ 1
New demands	38	17
Loan paydowns/payoffs	0
Resolved demands	34	13
Balance, end of period	$ 5	$ 5
Loss Contingencies Units
Balance, beginning of period	9	6
New demands	213	104
Loan paydowns/payoffs	(3)
Resolved demands	(194)	(85)
Balance, end of period	25	25
Private Label
Loss Contingencies Dollars
Balance, beginning of period	$ 0	$ 0
New demands	0	0
Loan paydowns/payoffs	0
Resolved demands	0	0
Balance, end of period	$ 0	$ 0
Loss Contingencies Units
Balance, beginning of period	1	1
New demands	7	0
Loan paydowns/payoffs	0
Resolved demands	(3)	0
Balance, end of period	5	1

Commitments - Visa Funding and

Commitments - Visa Funding and Bancorp Cash Payments (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Oct. 31, 2019	Sep. 30, 2018	Sep. 30, 2014	Sep. 30, 2012	Mar. 31, 2012	Jun. 30, 2011	Dec. 31, 2010	Jun. 30, 2010	Sep. 30, 2019	Jun. 30, 2018	Dec. 31, 2009
Visa Funding
Loss Contingencies [Line Items]
Escrow Deposit			$ 450	$ 150	$ 1,565	$ 400	$ 800	$ 500	$ 300	$ 600	$ 3,000
Bancorp Cash Payment
Loss Contingencies [Line Items]
Reduction of liability in cash to the swap counterparty	$ 12	$ 26	$ 18	$ 6	$ 75	$ 19	$ 35	$ 20

Commitments - Visa Funding an_2

Commitments - Visa Funding and Bancorp Cash Payments (Parenthetical) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Oct. 31, 2019	Sep. 30, 2018	Sep. 30, 2014	Sep. 30, 2012	Mar. 31, 2012	Jun. 30, 2011	Dec. 31, 2010	Jun. 30, 2010
Bancorp Cash Payment
Loss Contingencies
Reduction of liability in cash to the swap counterparty	$ 12	$ 26	$ 18	$ 6	$ 75	$ 19	$ 35	$ 20

Legal & Regulatory Proceedings

Legal & Regulatory Proceedings - Additional Information (Details) $ in Millions	3 Months Ended				12 Months Ended
	Sep. 30, 2019USD ($)	Mar. 31, 2016USD ($)	Sep. 30, 2015USD ($)	Mar. 31, 2013USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2013number
Loss Contingencies [Line Items]
Amount in excess of amounts reserved	$ 27
Number Of Putative Class Actions Filed | number						4
Damages sought	280	$ 40	$ 800
Federal Lawsuits
Loss Contingencies [Line Items]
Number of merchants requesting exclusion				500
Class Action Settlement
Loss Contingencies [Line Items]
Number of merchants requesting exclusion				8,000
Escrow Deposit				$ 46
Litigation Settlement Amount Awarded To Other Party					$ 6,240
Escrow Funds Returned Defendants	700				700
Litigation Settlement Amount Awarded To Other Party, Escrow					5,340
Litigation Settlement Amount Awarded To Other Party, Additional	$ 900				$ 900

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)shares
Worldpay Holding, LLC
Related Party Transactions [Line Items]
Membership Units	10,252,826
Worldpay, Inc.
Related Party Transactions [Line Items]
Membership Units	10,252,826
Worldpay, Inc. | Other noninterest income
Related Party Transactions [Line Items]
Recognized gain | $	$ 562

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Taxes
Applicable income tax expense	$ 140	$ 114	$ 483	$ 442
Effective tax rate	20.20%	20.70%	21.40%	20.30%

AOCI - Activity of the Componen

AOCI - Activity of the Components of Other Comprehensive Income and AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2018
Net activity for accumulated net unrealized gain (loss) on available-for-sale debt securities
Unrealized holding gains (losses) on available-for-sale debt securities arising during period	$ 379	$ (207)		$ 1,387	$ (834)
Reclassification adjustment for net (gains) losses included in net income	(2)	0		(2)	7
Net activity for net unrealized gain (loss) on cash flow hedge derivatives
Unrealized holding gains (losses) on cash flow hedge derivatives arising during period	83	(19)		361	(24)
Reclassification adjustment for net gains on cash flow hedge derivatives included in net income	(4)	2		(2)	2
Net activity for defined benefit plans, net
Net actuarial gain (loss) arising during the period	0	2		0	2
Reclassification of amounts to net periodic benefit costs	(1)	(3)		(3)	(5)
Total Other Comprehensive Activity
Pre-tax activity total	595	(293)		2,272	(1,097)
Total, Tax	(138)	70		(525)	251
Other comprehensive income (loss)	457	(223)	$ 1,747	1,747	(846)	$ (846)
Total Accumulated Other Comprehensive Income
Total Accumulated Other Comprehensive Income - Beginning Balance	1,178	(552)		(112)	71
Other comprehensive income (loss), Net of Tax	457	(223)	1,747	1,747	(846)	(846)
Total Accumulated Other Comprehensive Income - Ending Balance	1,635	(775)	1,635	1,635	(775)	(775)
Accumulated Net Unrealized Investment Gain (Loss)
Pre-tax activity for accumulated net unrealized gain (loss) on available-for-sale debt securities
Unrealized holding gains (losses) on available-for-sale debt securities arising during period	497	(271)		1,817	(1,082)
Reclassification adjustment for net losses (gains) included in net income	(3)	0		3	9
Net unrealized gains on available-for-sale debt securities	494	(271)		1,814	(1,073)
Tax effect for accumulated net unrealized gain (loss) on available-for-sale debt securities
Unrealized holding gains (losses) on available-for-sale debt securities arising during period	(118)	64		(430)	248
Reclassification adjustment for net losses (gains) included in net income	(1)	0		(1)	(2)
Net unrealized gains on available-for-sale debt securities	(117)	64		(429)	246
Net activity for accumulated net unrealized gain (loss) on available-for-sale debt securities
Unrealized holding gains (losses) on available-for-sale debt securities arising during period	379	(207)		1,387	(834)
Reclassification adjustment for net (gains) losses included in net income	(2)	0		(2)	7
Net unrealized gains on available-for-sale debt securities	377	(207)		1,385	(827)
Total Other Comprehensive Activity
Other comprehensive income (loss)	377	(207)		1,385	(827)
Total Accumulated Other Comprehensive Income
Total Accumulated Other Comprehensive Income - Beginning Balance	781	(485)		(227)	135
Other comprehensive income (loss), Net of Tax	377	(207)		1,385	(827)
Total Accumulated Other Comprehensive Income - Ending Balance	1,158	(692)	1,158	1,158	(692)	(692)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Pre-tax activity for net unrealized gain (loss) on cash flow hedge derivatives
Unrealized holding gains (losses) on cash flow hedge derivatives arising during period	105	(25)		456	(31)
Reclassification adjustment for net gains on cash flow hedge derivatives included in net income	(5)	2		(2)	2
Net unrealized gains on cash flow hedge derivatives	100	(23)		454	(29)
Tax effect for net unrealized gain (loss) on cash flow hedge derivatives
Unrealized holding gains (losses) on cash flow hedge derivatives arising during period	(22)	6		(95)	7
Reclassification adjustment for net gains on cash flow hedge derivatives included in net income	1	0		0	0
Net unrealized gains on cash flow hedge derivatives	(21)	6		(95)	7
Net activity for net unrealized gain (loss) on cash flow hedge derivatives
Unrealized holding gains (losses) on cash flow hedge derivatives arising during period	83	(19)		361	(24)
Reclassification adjustment for net gains on cash flow hedge derivatives included in net income	(4)	2		(2)	2
Net unrealized gains on cash flow hedge derivatives	79	(17)		359	(22)
Total Other Comprehensive Activity
Other comprehensive income (loss)	79	(17)		359	(22)
Total Accumulated Other Comprehensive Income
Total Accumulated Other Comprehensive Income - Beginning Balance	440	(16)		160	(11)
Other comprehensive income (loss), Net of Tax	79	(17)		359	(22)
Total Accumulated Other Comprehensive Income - Ending Balance	519	(33)	519	519	(33)	(33)
Amortization Of Defined Benefit Pension Items
Pre-tax activity for defined benefit plans, net
Net actuarial loss		2			2
Reclassification of amounts to net periodic benefit costs	1	3		4	7
Defined benefit plans, net	1	1		4	5
Tax effect for defined benefit plans, net
Net actuarial loss		0			0
Reclassification of amounts to net periodic benefit costs	0	0		(1)	(2)
Defined benefit plans, net	0	0		(1)	(2)
Net activity for defined benefit plans, net
Net actuarial gain (loss) arising during the period		2			2
Reclassification of amounts to net periodic benefit costs	(1)	3		3	(5)
Defined benefit plans, net	1	1		3	3
Total Other Comprehensive Activity
Other comprehensive income (loss)	1	(1)		3	3
Total Accumulated Other Comprehensive Income
Total Accumulated Other Comprehensive Income - Beginning Balance	(43)	(51)		(45)	(53)
Other comprehensive income (loss), Net of Tax	1	(1)		3	3
Total Accumulated Other Comprehensive Income - Ending Balance	$ (42)	$ (50)	$ (42)	$ (42)	$ (50)	$ (50)

AOCI - Reclassifications Out of

AOCI - Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Income Before Income Taxes	$ 689	$ 550	$ 2,261	$ 2,179
Applicable income tax expense	140	114	483	442
Net income	549	436	1,778	1,737
ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Net income	5	(5)	1	(14)
Net Unrealized Gains On Available For Sale Securities
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Reclassification adjustment for net losses (gains) included in net income	3	0	(3)	(9)
Income Before Income Taxes	3	0	3	(9)
Applicable income tax expense	(1)	0	(1)	2
Net income	2	0	2	(7)
Net Unrealized Gains On Available For Sale Securities | Net (Losses) Gains Included In Net Income
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Reclassification adjustment for net losses (gains) included in net income	3	0	3	(9)
Net Unrealized Gains On Cash Flow Hedge Activities
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Reclassification adjustment for net gains on cash flow hedge derivatives included in net income	5	(2)	2	(2)
Income Before Income Taxes	5	(2)	2	(2)
Applicable income tax expense	(1)	0	0	0
Net income	4	(2)	2	(2)
Net Unrealized Gains On Cash Flow Hedge Activities | Interest Rate Contracts Related To C&I Loans
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Reclassification adjustment for net gains on cash flow hedge derivatives included in net income	5	(2)	2	(2)
Amortization Of Defined Benefit Pension Items
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Income Before Income Taxes	(1)	(3)	(4)	(7)
Applicable income tax expense	0	0	1	2
Net income	(1)	(3)	(3)	(5)
Amortization Of Defined Benefit Pension Items | Net Actuarial Loss
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic pension cost	(1)	(1)	(4)	(5)
Amortization Of Defined Benefit Pension Items | Pension Settlement
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Net periodic pension cost	$ 0	$ (2)	$ 0	$ (2)

EPS - Calculation of EPS and th

EPS - Calculation of EPS 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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings per share:
Net income (loss) available to common shareholders	$ 530	$ 421	$ 1,718	$ 1,685
Less: Income allocated to participating securities	4	4	16	18
Earnings per share - basic	526	417	1,702	1,667
Earnings per diluted share:
Net income available to common shareholders	530	421	1,718	1,685
Stock-based awards	0	0	0	0
Net income available to common shareholders plus assumed conversions	530	421	1,718	1,685
Less: Income allocated to participating securities	4	4	16	18
Net income allocated to common shareholders	$ 526	$ 417	$ 1,702	$ 1,667
Earnings per share:
Net income allocated to common shareholders	726,715,542	667,624,132	708,848,535	680,181,785
Effect of dilutive securities:
Stock-based awards	9,000,000	11,000,000	9,000,000	13,000,000
Net income allocated to common shareholders	736,086,399	679,198,715	718,413,237	693,078,647
Earnings per share:
Earnings per share - basic	$ 0.72	$ 0.62	$ 2.40	$ 2.45
Earnings per diluted share:
Earnings per share - diluted	$ 0.71	$ 0.61	$ 2.37	$ 2.41

EPS - Additional Information (D

EPS - Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock Appreciation Rights
Earnings Per Share Disclosure [Line Items]
Anti-dilutive securities	2	2	2	2

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Recurring Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Assets:
Available-for-sale debt securities, fair value	$ 37,178	$ 32,830
Trading debt securities	297	287
Equity securities	459	452
Mortgage servicing rights	910		$ 1,010
Total assets	193		314
Commercial
Assets:
Loans held for sale measured at FV	1	7
Residential Mortgage Loans
Assets:
Loans measured at FV	184	179
Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	36,603	32,278
Trading debt securities	297	287
Equity securities	459	452
Residential mortgage loans held for sale	1,136	537
Loans measured at FV	184	179
Loans held for sale measured at FV	1	7
Mortgage servicing rights	910	938
Derivative assets	2,097	1,114
Total assets	41,687	35,792
Liabilities:
Derivative liabilities	911	874
Short positions	(112)	(138)
Total liabilities	1,023	1,012
Interest Rate Contract | Fair value, recurring
Assets:
Derivative assets	1,547	655
Liabilities:
Derivative liabilities	261	329
Foreign Exchange Contract | Fair value, recurring
Assets:
Derivative assets	182	152
Liabilities:
Derivative liabilities	151	142
Equity Contract | Fair value, recurring
Liabilities:
Derivative liabilities	146	125
Commodity Contract | Fair value, recurring
Assets:
Derivative assets	368	307
Liabilities:
Derivative liabilities	353	278
U.S. Treasury and federal agency
Assets:
Available-for-sale debt securities, fair value	75	97
U.S. Treasury and federal agency | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	75	97
Trading debt securities	3	16
Obligations of states and political subdivisions
Assets:
Available-for-sale debt securities, fair value	2	2
Obligations of states and political subdivisions | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	2	2
Trading debt securities	29	35
Agency mortgage-backed securities | Residential mortgage backed securities
Assets:
Available-for-sale debt securities, fair value	15,694	16,247
Agency mortgage-backed securities | Residential mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	15,694	16,247
Trading debt securities	69	68
Agency mortgage-backed securities | Commercial mortgage backed securities
Assets:
Available-for-sale debt securities, fair value	15,276	10,650
Agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	15,276	10,650
Non-agency mortgage-backed securities | Commercial mortgage backed securities
Assets:
Available-for-sale debt securities, fair value	3,400	3,267
Non-agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	3,400	3,267
Asset-backed securities and other debt securities
Assets:
Available-for-sale debt securities, fair value	2,156	2,015
Asset-backed securities and other debt securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	2,156	2,015
Trading debt securities	196	168
Fair Value, Inputs, Level 1
Assets:
Total assets	0		0
Fair Value, Inputs, Level 1 | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	75	97
Trading debt securities	2	0
Equity securities	449	452
Residential mortgage loans held for sale	0	0
Loans measured at FV	0	0
Loans held for sale measured at FV	0	0
Mortgage servicing rights	0	0
Derivative assets	92	93
Total assets	618	642
Liabilities:
Derivative liabilities	14	27
Short positions	(68)	(110)
Total liabilities	82	137
Fair Value, Inputs, Level 1 | Interest Rate Contract | Fair value, recurring
Assets:
Derivative assets	3	0
Liabilities:
Derivative liabilities	5	8
Fair Value, Inputs, Level 1 | Foreign Exchange Contract | Fair value, recurring
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Fair Value, Inputs, Level 1 | Equity Contract | Fair value, recurring
Liabilities:
Derivative liabilities	0	0
Fair Value, Inputs, Level 1 | Commodity Contract | Fair value, recurring
Assets:
Derivative assets	89	93
Liabilities:
Derivative liabilities	9	19
Fair Value, Inputs, Level 1 | U.S. Treasury and federal agency | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	75	97
Trading debt securities	2	0
Fair Value, Inputs, Level 1 | Obligations of states and political subdivisions | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Trading debt securities	0	0
Fair Value, Inputs, Level 1 | Agency mortgage-backed securities | Residential mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Trading debt securities	0	0
Fair Value, Inputs, Level 1 | Agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Fair Value, Inputs, Level 1 | Non-agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Fair Value, Inputs, Level 1 | Asset-backed securities and other debt securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Trading debt securities	0	0
Fair Value, Inputs, Level 2
Assets:
Total assets	6		69
Fair Value, Inputs, Level 2 | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	36,528	32,181
Trading debt securities	295	287
Equity securities	10	0
Residential mortgage loans held for sale	1,136	537
Loans measured at FV	0	0
Loans held for sale measured at FV	1	7
Mortgage servicing rights	0	0
Derivative assets	1,981	1,014
Total assets	39,951	34,026
Liabilities:
Derivative liabilities	742	714
Short positions	(44)	(28)
Total liabilities	786	742
Fair Value, Inputs, Level 2 | Interest Rate Contract | Fair value, recurring
Assets:
Derivative assets	1,520	648
Liabilities:
Derivative liabilities	247	313
Fair Value, Inputs, Level 2 | Foreign Exchange Contract | Fair value, recurring
Assets:
Derivative assets	182	152
Liabilities:
Derivative liabilities	151	142
Fair Value, Inputs, Level 2 | Equity Contract | Fair value, recurring
Liabilities:
Derivative liabilities	0	0
Fair Value, Inputs, Level 2 | Commodity Contract | Fair value, recurring
Assets:
Derivative assets	279	214
Liabilities:
Derivative liabilities	344	259
Fair Value, Inputs, Level 2 | U.S. Treasury and federal agency | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Trading debt securities	1	16
Fair Value, Inputs, Level 2 | Obligations of states and political subdivisions | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	2	2
Trading debt securities	29	35
Fair Value, Inputs, Level 2 | Agency mortgage-backed securities | Residential mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	15,694	16,247
Trading debt securities	69	68
Fair Value, Inputs, Level 2 | Agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	15,276	10,650
Fair Value, Inputs, Level 2 | Non-agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	3,400	3,267
Fair Value, Inputs, Level 2 | Asset-backed securities and other debt securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	2,156	2,015
Trading debt securities	196	168
Fair Value, Inputs, Level 3
Assets:
Total assets	187		$ 245
Fair Value, Inputs, Level 3 | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Trading debt securities	0	0
Equity securities	0	0
Residential mortgage loans held for sale	0	0
Loans measured at FV	184	179
Loans held for sale measured at FV	0	0
Mortgage servicing rights	910	938
Derivative assets	24	7
Total assets	1,118	1,124
Liabilities:
Derivative liabilities	155	133
Short positions	0	0
Total liabilities	155	133
Fair Value, Inputs, Level 3 | Interest Rate Contract | Fair value, recurring
Assets:
Derivative assets	24	7
Liabilities:
Derivative liabilities	9	8
Fair Value, Inputs, Level 3 | Foreign Exchange Contract | Fair value, recurring
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Fair Value, Inputs, Level 3 | Equity Contract | Fair value, recurring
Liabilities:
Derivative liabilities	146	125
Fair Value, Inputs, Level 3 | Commodity Contract | Fair value, recurring
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Fair Value, Inputs, Level 3 | U.S. Treasury and federal agency | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Trading debt securities	0	0
Fair Value, Inputs, Level 3 | Obligations of states and political subdivisions | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Trading debt securities	0	0
Fair Value, Inputs, Level 3 | Agency mortgage-backed securities | Residential mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Trading debt securities	0	0
Fair Value, Inputs, Level 3 | Agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Fair Value, Inputs, Level 3 | Non-agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Fair Value, Inputs, Level 3 | Asset-backed securities and other debt securities | Fair value, recurring
Assets:
Available-for-sale debt securities, fair value	0	0
Trading debt securities	$ 0	$ 0

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets and Liabilities Measured at Recurring Fair Value (Parenthetical) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Federal Home Loan Bank Stock	$ 96	$ 184
Federal Reserve Bank Stock	477	366
DTCC Stock	$ 2	$ 2

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net fair value of the interest rate lock commitments	$ 24,000,000		$ 24,000,000
Change in FV of IRLCs, due to 10% adverse changes in the assumed loan closing rates	2,000,000		2,000,000
Change in FV of IRLCs, due to 20% adverse changes in the assumed loan closing rates	5,000,000		5,000,000
Commercial aggregate borrower relationship subject to individual review for impairment	1,000,000		1,000,000
Operating lease equipment impairment		$ 2,000,000		$ 4,000,000
OTTI	0	0	(1,000,000)	0
Private equity, observable price change adjustment	0	13,000,000	11,000,000	64,000,000
Private equity, impairment	0		5,000,000	11,000,000
Private equity, cumulative impairment	17,000,000		17,000,000
Private equity, cumulative observable price change	53,000,000		53,000,000
Fair value changes included in earnings for instruments for which the fair value option was elected			35,000,000	12,000,000
Change in FV of IRLCs, due to 10% favorable changes in the assumed loan closing rates	2,000,000		2,000,000
Change in FV of IRLCs, due to 20% favorable changes in the assumed loan closing rates	5,000,000		5,000,000
Change In Fair Value of IRLC Due To Rate Increase 25 Bp	11,000,000		11,000,000
Change In Fair Value of IRLC Due To Rate Increase 50 Bp	23,000,000		23,000,000
Change In Fair Value of IRLC Due To Rate Decrease 25 Bp	10,000,000		10,000,000
Change In Fair Value of IRLC Due To Rate Decrease 50 Bp	17,000,000		17,000,000
Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value adjustment	1,000,000	1,000,000	3,000,000	3,000,000
Private Equity Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OTTI				10,000,000
Transfer | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value gains or losses	$ 1,000,000	$ 1,000,000	2,000,000	$ 3,000,000
Residential Mortgage Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
FVO valuation adjustments related to instrument-specific credit risk			$ 1,000,000		$ 1,000,000

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Assets and Liabilities Measured at Recurring L3 Fair Value (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Beginning Balance	$ 1,085	$ 961	$ 991	$ 861
Included in earnings	(131)	(8)	(370)	(9)
Purchases/originations/acquisitions	41	58	385	139
Settlements	(35)	11	(71)	(6)
Transfers Into Level 3	3	15	28	52
Ending Balance	963	1,037	963	1,037
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	(118)	(19)	(368)	(54)
Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Beginning Balance	192	162	179	137
Included in earnings	0	(1)	(1)	(5)
Purchases/originations/acquisitions	0	0	0	0
Settlements	(11)	(4)	(22)	(12)
Transfers Into Level 3	3	15	28	52
Ending Balance	184	172	184	172
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	0	(1)	(1)	(5)
Servicing Contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Beginning Balance	1,039	959	938	858
Included in earnings	(171)	(8)	(416)	8
Purchases/originations/acquisitions	42	59	388	144
Settlements	0	0	0	0
Transfers Into Level 3	0	0	0	0
Ending Balance	910	1,010	910	1,010
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	(131)	(8)	(329)	8
Interest Rate Contract
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Beginning Balance	5	4	(1)	3
Included in earnings	51	18	110	54
Purchases/originations/acquisitions	(1)	(1)	(3)	(5)
Settlements	(40)	(22)	(91)	(53)
Transfers Into Level 3	0	0	0	0
Ending Balance	15	(1)	15	(1)
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	24	7	25	9
Equity Contract
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Beginning Balance	(151)	(164)	(125)	(137)
Included in earnings	(11)	(17)	(63)	(66)
Purchases/originations/acquisitions	0	0	0	0
Settlements	16	37	42	59
Transfers Into Level 3	0	0	0	0
Ending Balance	(146)	(144)	(146)	(144)
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	$ (11)	$ (17)	$ (63)	$ (66)

Fair Value Measurements - Rec_2

Fair Value Measurements - Reconciliation of Assets and Liabilities Measured at Recurring L3 Fair Value (Parenthetical) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Derivative assets	$ 963	$ 1,085	$ 991	$ 1,037	$ 961	$ 861
Interest Rates
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Derivative assets	24			7
Derivative liabilities	$ 9			$ 8

Fair Value Measurements - Amoun

Fair Value Measurements - Amounts Included in Earnings for Assets and Liabilites Measured at Recurring L3 Fair Value (Details) - Fair Value, Inputs, Level 3 - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gains and losses included in earnings	$ (131)	$ (8)	$ (370)	$ (9)
Mortgage banking net revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gains and losses included in earnings	(121)	9	(309)	56
Corporate banking revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gains and losses included in earnings	1	0	2	1
Other noninterest income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gains and losses included in earnings	$ (11)	$ (17)	$ (63)	$ (66)

Fair Value Measurements - Amo_2

Fair Value Measurements - Amounts Included in Earnings Attributable to Changes in Unrealized Gains and Losses Related to Recurring L3 Assets and Liabilites Still Held at Year End (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain and losses included in earnings	$ (118)	$ (19)	$ (368)	$ (54)
Mortgage banking net revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain and losses included in earnings	(109)	(2)	(307)	11
Corporate banking revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain and losses included in earnings	2	0	2	1
Other noninterest income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain and losses included in earnings	$ (11)	$ (17)	$ (63)	$ (66)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Recurring Assets and Liabilities With Significant Unobservable L3 Inputs (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage servicing rights	$ 910	$ 1,010
Derivative instruments	2,097		$ 1,114
Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured at fair value on a recurring basis	184	172
Interest Rate Lock Commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured at fair value on a recurring basis	24	7
Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans measured at fair value on a recurring basis	$ (146)	$ (144)
Lower Limit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment speed	0.50%	0.50%
OAS spread (bps)	48400.00%	44900.00%
Lower Limit | Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate risk factor	(6.80%)	(12.70%)
Credit risk factor	0.00%	0.00%
Lower Limit | Interest Rate Lock Commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan closing rates	5.70%	6.20%
Lower Limit | Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Timing of the resolution of the covered litigation	Jun. 30, 2021	Jan. 31, 2021
Upper Limit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment speed	97.00%	97.00%
OAS spread (bps)	151300.00%	151300.00%
Upper Limit | Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate risk factor	0.069%	11.00%
Credit risk factor	31.80%	40.30%
Upper Limit | Interest Rate Lock Commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan closing rates	96.70%	96.70%
Upper Limit | Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Timing of the resolution of the covered litigation	Dec. 31, 2023	Nov. 30, 2023
Weighted average | Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate risk factor	(0.20%)	(0.60%)
Credit risk factor	0.005%	0.007%
Weighted average | Interest Rate Lock Commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan closing rates	0.769%	0.766%
Weighted average | Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Timing of the resolution of the covered litigation	Feb. 7, 2022	Sep. 6, 2021
Weighted average | Fixed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment speed	0.154%	0.091%
OAS spread (bps)	61900.00%	53300.00%
Weighted average | Adjustable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment speed	0.234%	0.232%
OAS spread (bps)	91400.00%	84200.00%

Fair Value Measurements - Ass_3

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 193	$ 314	$ 193	$ 314
Fair Value Measured On Nonrecurring Basis Gains Losses	(15)	(5)	(79)	(58)
Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		3		3
Fair Value Measured On Nonrecurring Basis Gains Losses		(1)		(2)
Commercial and Industrial Loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	116	156	116	156
Fair Value Measured On Nonrecurring Basis Gains Losses	(11)	(16)	(45)	(46)
Commercial Mortgage Loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	12	2	12	2
Fair Value Measured On Nonrecurring Basis Gains Losses	0	0	0	6
Commercial leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	18	14	18	14
Fair Value Measured On Nonrecurring Basis Gains Losses	2	1	(9)	(9)
Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	16	21	16	21
Fair Value Measured On Nonrecurring Basis Gains Losses	(2)	(2)	(5)	(6)
Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	23	36	23	36
Fair Value Measured On Nonrecurring Basis Gains Losses	(4)	0	(26)	(41)
Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		10		10
Fair Value Measured On Nonrecurring Basis Gains Losses		(1)		(4)
Private Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	8	72	8	72
Fair Value Measured On Nonrecurring Basis Gains Losses	0	14	6	44
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	187	245	187	245
Fair Value, Inputs, Level 3 | Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		3		3
Fair Value, Inputs, Level 3 | Commercial and Industrial Loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	116	156	116	156
Fair Value, Inputs, Level 3 | Commercial Mortgage Loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	12	2	12	2
Fair Value, Inputs, Level 3 | Commercial leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	18	14	18	14
Fair Value, Inputs, Level 3 | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	16	21	16	21
Fair Value, Inputs, Level 3 | Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	23	36	23	36
Fair Value, Inputs, Level 3 | Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		10		10
Fair Value, Inputs, Level 3 | Private Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2	3	2	3
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	6	69	6	69
Fair Value, Inputs, Level 2 | Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0		0
Fair Value, Inputs, Level 2 | Commercial and Industrial Loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0	0	0
Fair Value, Inputs, Level 2 | Commercial Mortgage Loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0	0	0
Fair Value, Inputs, Level 2 | Commercial leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0	0	0
Fair Value, Inputs, Level 2 | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0	0	0
Fair Value, Inputs, Level 2 | Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0	0	0
Fair Value, Inputs, Level 2 | Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0		0
Fair Value, Inputs, Level 2 | Private Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	6	69	6	69
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0	0	0
Fair Value, Inputs, Level 1 | Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0		0
Fair Value, Inputs, Level 1 | Commercial and Industrial Loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0	0	0
Fair Value, Inputs, Level 1 | Commercial Mortgage Loans | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0	0	0
Fair Value, Inputs, Level 1 | Commercial leases | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0	0	0
Fair Value, Inputs, Level 1 | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0	0	0
Fair Value, Inputs, Level 1 | Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0	0	0
Fair Value, Inputs, Level 1 | Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0		0
Fair Value, Inputs, Level 1 | Private Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable L3 Inputs Nonrecurring Basis) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2019
Commercial loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurements nonrecurring assets	$ 3
Commercial and Industrial Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurements nonrecurring assets	156	$ 116
Commercial mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurements nonrecurring assets	2	12
Commercial leases
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurements nonrecurring assets	14	18
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurements nonrecurring assets	21	16
Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurements nonrecurring assets	36	23
Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurements nonrecurring assets	10
Private Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Comparable company analysis, fair value	3	$ 2
Liquidity discount, fair value	$ 0
Minimum | Private Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liquidity discount	0.00%
Maximum | Private Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liquidity discount	43.00%
Weighted average | Commercial loans held for sale | Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost to sell	10.00%
Weighted average | Private Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liquidity discount	0.129%

Fair Value Measurements - Diffe

Fair Value Measurements - Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance Loans Measured at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Residential mortgage loans
Aggregate fair value
Loans measured at fair value	$ 1,320	$ 716
Past due loans of 90 days or more	2	2
Nonaccrual loans	1	2
Aggregate unpaid principal balance
Loans measured at fair value	1,285	696
Past due loans of 90 days or more	2	2
Nonaccrual loans	1	2
Difference
Loans measured at fair value	35	20
Past due loans of 90 days or more	0	0
Nonaccrual loans	0	0
Commercial loans
Aggregate fair value
Loans measured at fair value	1	7
Aggregate unpaid principal balance
Loans measured at fair value	1	7
Difference
Loans measured at fair value	$ 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, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Financial assets:
Cash and due from banks	$ 3,261	$ 2,681	$ 2,100	$ 2,514
Other short-term investments	3,235	1,825
Held-to-matury securities	18	18
Loans and leases held for sale	1,223	607
Commercial and industrial loans	50,768	44,340
Commercial mortgage loans	10,822	6,974
Commercial construction loans	5,281	4,657
Commercial leases	3,495	3,600
Residential mortgage loans	16,675	15,504
Home equity	6,218	6,402
Indirect secured consumer loans	11,026	8,976
Credit card	2,467	2,470
Other consumer loans and leases	2,657	2,342
Portfolio loans and leases, net	108,266	94,162
Financial liabilities:
Deposits	125,347	108,835
Federal funds purchased	876	1,925
Other short-term borrowings	4,046	573
Long-term debt	14,474	14,426
Net Carrying Amount
Financial assets:
Cash and due from banks	3,261	2,681
Other short-term investments	3,235	1,825
Other securities	575	552
Held-to-matury securities	18	18
Loans and leases held for sale	86	63
Commercial and industrial loans	50,239	43,825
Commercial mortgage loans	10,740	6,894
Commercial construction loans	5,241	4,625
Commercial leases	3,475	3,582
Residential mortgage loans	16,416	15,244
Home equity	6,178	6,366
Indirect secured consumer loans	10,976	8,934
Credit card	2,311	2,314
Other consumer loans and leases	2,620	2,309
Unallocated Allowance For Loan And Lease Losses	(114)	(110)
Portfolio loans and leases, net	108,082	93,983
Financial liabilities:
Deposits	125,347	108,835
Federal funds purchased	876	1,925
Other short-term borrowings	4,046	573
Long-term debt	14,474	14,426
Total Fair Value
Financial assets:
Cash and due from banks	3,261	2,681
Other short-term investments	3,235	1,825
Other securities	575	552
Held-to-matury securities	18	18
Loans and leases held for sale	86	63
Commercial and industrial loans	50,721	44,668
Commercial mortgage loans	10,626	6,851
Commercial construction loans	5,305	4,688
Commercial leases	3,243	3,180
Residential mortgage loans	17,472	15,688
Home equity	6,452	6,719
Indirect secured consumer loans	10,889	8,717
Credit card	2,532	2,759
Other consumer loans and leases	2,777	2,428
Unallocated Allowance For Loan And Lease Losses	0	0
Portfolio loans and leases, net	110,017	95,698
Financial liabilities:
Deposits	125,342	108,782
Federal funds purchased	876	1,925
Other short-term borrowings	4,046	573
Long-term debt	15,423	14,732
Fair Value, Inputs, Level 1
Financial assets:
Cash and due from banks	3,261	2,681
Other short-term investments	3,235	1,825
Other securities	0	0
Held-to-matury securities	0	0
Loans and leases held for sale	0	0
Commercial and industrial loans	0	0
Commercial mortgage loans	0	0
Commercial construction loans	0	0
Commercial leases	0	0
Residential mortgage loans	0	0
Home equity	0	0
Indirect secured consumer loans	0	0
Credit card	0	0
Other consumer loans and leases	0	0
Unallocated Allowance For Loan And Lease Losses	0	0
Portfolio loans and leases, net	0	0
Financial liabilities:
Deposits	0	0
Federal funds purchased	876	1,925
Other short-term borrowings	0	0
Long-term debt	14,644	14,287
Fair Value, Inputs, Level 2
Financial assets:
Cash and due from banks	0	0
Other short-term investments	0	0
Other securities	575	552
Held-to-matury securities	0	0
Loans and leases held for sale	0	0
Commercial and industrial loans	0	0
Commercial mortgage loans	0	0
Commercial construction loans	0	0
Commercial leases	0	0
Residential mortgage loans	0	0
Home equity	0	0
Indirect secured consumer loans	0	0
Credit card	0	0
Other consumer loans and leases	0	0
Unallocated Allowance For Loan And Lease Losses	0	0
Portfolio loans and leases, net	0	0
Financial liabilities:
Deposits	125,342	108,782
Federal funds purchased	0	0
Other short-term borrowings	4,046	573
Long-term debt	779	445
Fair Value, Inputs, Level 3
Financial assets:
Cash and due from banks	0	0
Other short-term investments	0	0
Other securities	0	0
Held-to-matury securities	18	18
Loans and leases held for sale	86	63
Commercial and industrial loans	50,721	44,668
Commercial mortgage loans	10,626	6,851
Commercial construction loans	5,305	4,688
Commercial leases	3,243	3,180
Residential mortgage loans	17,472	15,688
Home equity	6,452	6,719
Indirect secured consumer loans	10,889	8,717
Credit card	2,532	2,759
Other consumer loans and leases	2,777	2,428
Unallocated Allowance For Loan And Lease Losses	0	0
Portfolio loans and leases, net	110,017	95,698
Financial liabilities:
Deposits	0	0
Federal funds purchased	0	0
Other short-term borrowings	0	0
Long-term debt	$ 0	$ 0

Segments - Additional Informati

Segments - Additional Information (Details)	9 Months Ended
	Sep. 30, 2019number
Organization, Consolidation and Presentation of Financial Statements
Full-service Banking Centers	1,143
Number of business segments	4

Segments - Results of Operation

Segments - Results of Operations and Average Assets by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Net interest income	$ 1,242	$ 1,043		$ 3,569	$ 3,059
Provision for (benefit from) credit losses	134	84		310	111
Net interest income after provision for credit losses	1,108	959		3,259	2,948
Noninterest Income
Service charges on deposits	143	139		417	414
Wealth and asset management revenue	124	114		358	335
Corporate banking revenue	168	100		417	308
Card and processing revenue	94	82		266	245
Mortgage banking net revenue	95	49		214	158
Other noninterest income	111	86		794	794
Securities gains (losses), net	5	(6)		30	(21)
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights	0	(1)		5	(18)
Total noninterest income	740	563		2,501	2,215
Noninterest Expense
Salaries, wages and incentives	497	421		1,527	1,339
Employee benefits	87	82		316	270
Net occupancy expense	84	70		248	219
Technology and communications	100	71		319	206
Equipment expense	33	31		96	92
Card and processing expense	33	31		98	91
Other noninterest expense	325	266		895	767
Total noninterest expense	1,159	972		3,499	2,984
Income (Loss) Before Income Taxes	689	550		2,261	2,179
Applicable income tax expense	140	114		483	442
Net income (loss)	549	436	$ 1,778	1,778	1,737	$ 1,737
Goodwill	4,290	2,462	4,290	4,290	2,462	2,462	$ 2,478	$ 2,445
Total Assets	171,079	141,590	171,079	171,079	141,590	141,590	146,069
Intersegment Elimination
Segment Reporting Information [Line Items]
Net interest income	0	0		0	0
Provision for (benefit from) credit losses	0	0		0	0
Net interest income after provision for credit losses	0	0		0	0
Noninterest Income
Service charges on deposits	0	0		0	0
Wealth and asset management revenue	(37)	(35)		(106)	(104)
Corporate banking revenue	0	0		0	0
Card and processing revenue	0	0		0	0
Mortgage banking net revenue	0	0		0	0
Other noninterest income	0	0		0	0
Securities gains (losses), net	0	0		0	0
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights	0	0		0	0
Total noninterest income	(37)	(35)		(106)	(104)
Noninterest Expense
Salaries, wages and incentives	0	0		0	0
Employee benefits	0	0		0	0
Net occupancy expense	0	0		0	0
Technology and communications	0	0		0	0
Equipment expense	0	0		0	0
Card and processing expense	0	0		0	0
Other noninterest expense	(37)	(35)		(106)	(104)
Total noninterest expense	(37)	(35)		(106)	(104)
Income (Loss) Before Income Taxes	0	0		0	0
Applicable income tax expense	0	0		0	0
Net income (loss)	0	0		0	0
Goodwill	0	0	0	0	0	0
Total Assets	0	0	0	0	0	0
Branch Banking
Segment Reporting Information [Line Items]
Net interest income	598	525		1,802	1,490
Provision for (benefit from) credit losses	58	34		164	124
Net interest income after provision for credit losses	540	491		1,638	1,366
Noninterest Income
Service charges on deposits	65	71		191	205
Wealth and asset management revenue	41	38		117	113
Corporate banking revenue	1	1		3	4
Card and processing revenue	74	67		212	199
Mortgage banking net revenue	2	1		4	4
Other noninterest income	21	26		63	33
Securities gains (losses), net	0	0		0	0
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights	0	0		0	0
Total noninterest income	204	204		590	558
Noninterest Expense
Salaries, wages and incentives	122	109		360	329
Employee benefits	26	22		84	75
Net occupancy expense	44	44		130	131
Technology and communications	1	1		3	4
Equipment expense	12	12		35	37
Card and processing expense	32	30		92	89
Other noninterest expense	232	215		671	638
Total noninterest expense	469	433		1,375	1,303
Income (Loss) Before Income Taxes	275	262		853	621
Applicable income tax expense	58	55		179	131
Net income (loss)	217	207		674	490
Goodwill	2,054	1,655	2,054	2,054	1,655	1,655	1,655	1,655
Total Assets	69,021	60,222	69,021	69,021	60,222	60,222
Commercial Banking
Segment Reporting Information [Line Items]
Net interest income	623	427		1,761	1,273
Provision for (benefit from) credit losses	54	(11)		100	(41)
Net interest income after provision for credit losses	569	438		1,661	1,314
Noninterest Income
Service charges on deposits	79	68		227	207
Wealth and asset management revenue	1	1		2	3
Corporate banking revenue	167	100		413	304
Card and processing revenue	16	14		49	42
Mortgage banking net revenue	0	0		0	0
Other noninterest income	72	52		170	125
Securities gains (losses), net	0	0		0	0
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights	0	0		0	0
Total noninterest income	335	235		861	681
Noninterest Expense
Salaries, wages and incentives	107	71		299	214
Employee benefits	11	8		47	36
Net occupancy expense	7	6		21	20
Technology and communications	3	2		8	6
Equipment expense	7	6		18	18
Card and processing expense	2	2		6	3
Other noninterest expense	288	212		799	652
Total noninterest expense	425	307		1,198	949
Income (Loss) Before Income Taxes	479	366		1,324	1,046
Applicable income tax expense	86	65		242	184
Net income (loss)	393	301		1,082	862
Goodwill	1,982	630	1,982	1,982	630	630	630	613
Total Assets	75,143	60,040	75,143	75,143	60,040	60,040
Consumer Lending
Segment Reporting Information [Line Items]
Net interest income	88	60		234	178
Provision for (benefit from) credit losses	14	10		34	30
Net interest income after provision for credit losses	74	50		200	148
Noninterest Income
Service charges on deposits	0	0		0	0
Wealth and asset management revenue	0	0		0	0
Corporate banking revenue	0	0		0	0
Card and processing revenue	0	0		0	0
Mortgage banking net revenue	92	48		209	153
Other noninterest income	4	3		10	11
Securities gains (losses), net	0	0		0	0
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights	0	(1)		5	(18)
Total noninterest income	96	50		224	146
Noninterest Expense
Salaries, wages and incentives	39	38		117	120
Employee benefits	9	8		29	28
Net occupancy expense	3	3		8	8
Technology and communications	2	2		6	3
Equipment expense	0	0		0	0
Card and processing expense	0	0		0	0
Other noninterest expense	61	49		175	151
Total noninterest expense	114	100		335	310
Income (Loss) Before Income Taxes	56	0		89	(16)
Applicable income tax expense	12	0		19	(3)
Net income (loss)	44	0		70	(13)
Goodwill	0	0	0	0	0	0	0	0
Total Assets	26,171	22,188	26,171	26,171	22,188	22,188
Wealth and Asset Management
Segment Reporting Information [Line Items]
Net interest income	44	46		141	134
Provision for (benefit from) credit losses	0	3		0	8
Net interest income after provision for credit losses	44	43		141	126
Noninterest Income
Service charges on deposits	0	0		1	1
Wealth and asset management revenue	119	110		345	324
Corporate banking revenue	0	0		1	1
Card and processing revenue	1	1		2	4
Mortgage banking net revenue	1	0		1	1
Other noninterest income	4	4		9	13
Securities gains (losses), net	0	0		0	0
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights	0	0		0	0
Total noninterest income	125	115		359	344
Noninterest Expense
Salaries, wages and incentives	45	44		140	131
Employee benefits	6	6		25	23
Net occupancy expense	3	3		10	9
Technology and communications	0	0		1	1
Equipment expense	0	0		1	0
Card and processing expense	0	0		1	0
Other noninterest expense	75	73		219	217
Total noninterest expense	129	126		397	381
Income (Loss) Before Income Taxes	40	32		103	89
Applicable income tax expense	8	7		22	19
Net income (loss)	32	25		81	70
Goodwill	254	177	254	254	177	177	193	177
Total Assets	9,961	9,171	9,961	9,961	9,171	9,171
General Corporate and Other
Segment Reporting Information [Line Items]
Net interest income	(111)	(15)		(369)	(16)
Provision for (benefit from) credit losses	8	48		12	(10)
Net interest income after provision for credit losses	(119)	(63)		(381)	(6)
Noninterest Income
Service charges on deposits	(1)	0		(2)	1
Wealth and asset management revenue	0	0		0	(1)
Corporate banking revenue	0	(1)		0	(1)
Card and processing revenue	3	0		3	0
Mortgage banking net revenue	0	0		0	0
Other noninterest income	10	1		542	612
Securities gains (losses), net	5	(6)		30	(21)
Securities gains (losses), net - non-qualifying hedges on mortgage servcing rights	0	0		0	0
Total noninterest income	17	(6)		573	590
Noninterest Expense
Salaries, wages and incentives	184	159		611	545
Employee benefits	35	38		131	108
Net occupancy expense	27	14		79	51
Technology and communications	94	66		301	192
Equipment expense	14	13		42	37
Card and processing expense	(1)	(1)		(1)	(1)
Other noninterest expense	(294)	(248)		(863)	(787)
Total noninterest expense	59	41		300	145
Income (Loss) Before Income Taxes	(161)	(110)		(108)	439
Applicable income tax expense	(24)	(13)		21	111
Net income (loss)	(137)	(97)		(129)	328
Goodwill	0	0	0	0	0	0	$ 0	$ 0
Total Assets	$ (9,217)	$ (10,031)	$ (9,217)	$ (9,217)	$ (10,031)	$ (10,031)

Segments - Results of Operati_2

Segments - Results of Operations and Average Assets by Segment (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Bank premises impairment	$ 5		$ 27	$ 41
Other asset impairment charges		$ 2		4
Bank premises and equipment held for sale	87		87		$ 42
Commercial Banking | Operating lease equipment
Segment Reporting Information [Line Items]
Other asset impairment charges		2		4
General Corporate and Other
Segment Reporting Information [Line Items]
Bank premises and equipment held for sale	$ 87	$ 38	$ 87	$ 38

Subsequent Event - Additional I

Subsequent Event - Additional Information (Details) $ in Millions	3 Months Ended
	Sep. 30, 2019USD ($)
Fixed Rate 2.375 Percent Senior Notes Due 2025 [Member]
Subsequent Event [Line Items]
Debt Instrument, Face Amount	$ 750
Maturity date(s) Start	Oct. 28, 2019
Maturity date(s) End	Jan. 28, 2025
Redemption description	These notes will be redeemable at the Bancorp’s option, in whole or in part, at any time or from time to time, on or after April 25, 2020, and prior to December 29, 2024, in each case at a redemption price, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date, equal to the greater of (i) 100% of the aggregate principal amount of the notes being redeemed on that redemption date; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed that would be due if the notes to be redeemed matured on December 29, 2024 discounted to the redemption date on a semi-annual basis at the applicable treasury rate plus 15 bps. Additionally, these notes will be redeemable by the Bancorp, in whole or in part, on or after the date that is 30 days prior to the maturity date at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date.
June 2019 Repurchase Program
Subsequent Event [Line Items]
Stock repurchase, value	$ 300
Subsequent Event Date Start	Oct. 23, 2019
Subsequent Event End Date	Oct. 25, 2019
Settlement Date	Dec. 17, 2019