The PNC Financial Services Group, Inc. (PNC) 10-Q 6 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Jul. 16, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-09718
Entity Registrant Name	PNC Financial Services Group, Inc.
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	25-1435979
Entity Address, Address Line One	The Tower at PNC Plaza
Entity Address, Address Line Two	300 Fifth Avenue
Entity Address, City or Town	Pittsburgh
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15222-2401
City Area Code	888
Local Phone Number	762-2265
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		424,993,233
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000713676
Current Fiscal Year End Date	--12-31
Common Stock, par value $5.00 | NEW YORK STOCK EXCHANGE, INC.
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $5.00
Trading Symbol	PNC
Security Exchange Name	NYSE
Depositary Shares Each Representing a 1/4,000 Interest in a Share of Fixed-to- Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P | NEW YORK STOCK EXCHANGE, INC.
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares Each Representing a 1/4,000 Interest in a Share of Fixed-to-    Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P
Trading Symbol	PNC P
Security Exchange Name	NYSE

Consolidated Income Statement

Consolidated Income Statement - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest Income
Loans	$ 2,160	$ 2,257	$ 4,156	$ 4,737
Investment securities	469	527	890	1,109
Other	72	71	138	209
Total interest income	2,701	2,855	5,184	6,055
Interest Expense
Deposits	30	141	70	516
Borrowed funds	90	187	185	501
Total interest expense	120	328	255	1,017
Net interest income	2,581	2,527	4,929	5,038
Noninterest Income
Total noninterest income	2,086	1,549	3,958	3,374
Total revenue	4,667	4,076	8,887	8,412
Provision For (Recapture of) Credit Losses	302	2,463	(249)	3,377
Noninterest Expense
Personnel	1,640	1,373	3,117	2,742
Occupancy	217	199	432	406
Equipment	326	301	619	588
Marketing	74	47	119	105
Other	793	595	1,337	1,217
Total noninterest expense	3,050	2,515	5,624	5,058
Income (loss) from continuing operations before income taxes and noncontrolling interests	1,315	(902)	3,512	(23)
Income taxes (benefit) from continuing operations	212	(158)	583	(38)
Net income (loss) from continuing operations	1,103	(744)	2,929	15
Income from discontinued operations before taxes		5,596		5,777
Income taxes from discontinued operations		1,197		1,222
Net income from discontinued operations		4,399		4,555
Net income	1,103	3,655	2,929	4,570
Less: Net income attributable to noncontrolling interests	12	7	22	14
Preferred stock dividends	48	55	105	118
Preferred stock discount accretion and redemptions	1	1	2	2
Net income attributable to common shareholders	$ 1,042	$ 3,592	$ 2,800	$ 4,436
Earnings Per Common Share, Basic
Basic earnings from continuing operations (in dollars per share)	$ 2.43	$ (1.90)	$ 6.54	$ (0.29)
Basic earnings per common share from discontinued operations (in dollars per share)		10.28		10.60
Basic earnings per common share (in dollars per share)	2.43	8.40	6.54	10.33
Earnings Per Common Share, Diluted
Diluted earnings from continuing operations (in dollars per share)	2.43	(1.90)	6.53	(0.29)
Diluted earnings per common share from discontinued operations (in dollars per share)		10.28		10.59
Diluted earnings per common share (in dollars per share)	$ 2.43	$ 8.40	$ 6.53	$ 10.32
Average Common Shares Outstanding
Basic (in shares)	427	426	426	428
Diluted (in shares)	427	426	427	428
Asset management
Noninterest Income
Total noninterest income	$ 239	$ 199	$ 465	$ 400
Consumer services
Noninterest Income
Total noninterest income	457	330	841	707
Corporate services
Noninterest Income
Total noninterest income	688	512	1,243	1,038
Residential mortgage
Noninterest Income
Total noninterest income	103	158	208	368
Service charges on deposits
Noninterest Income
Total noninterest income	131	79	250	247
Other
Noninterest Income
Total noninterest income	$ 468	$ 271	$ 951	$ 614

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net income (loss) from continuing operations	$ 1,103	$ (744)	$ 2,929	$ 15
Other comprehensive income (loss), before tax and net of reclassifications into Net income
Net change in Other		2	1	10
Other comprehensive income (loss), before tax and net of reclassifications into Net income	225	717	(1,713)	2,968
Income tax benefit (expense) related to items of other comprehensive income	(52)	(166)	406	(698)
Other comprehensive income (loss), after tax and net of reclassifications into Net income	173	551	(1,307)	2,270
Net income from discontinued operations		4,399		4,555
Other comprehensive income (loss), after tax and net of reclassifications into Net income	173	551	(1,307)	2,270
Comprehensive income	1,276	4,206	1,622	6,840
Less: Comprehensive income attributable to noncontrolling interests	12	7	22	14
Comprehensive income attributable to PNC	1,264	4,199	1,600	6,826
Discontinued Operations, Disposed of by Sale
Other comprehensive income (loss), before tax and net of reclassifications into Net income
Other comprehensive income (loss), before tax and net of reclassifications into Net income		182		148
Income tax benefit (expense) related to items of other comprehensive income		(41)		(33)
Other comprehensive income (loss), after tax and net of reclassifications into Net income		141		115
Continuing Operations
Other comprehensive income (loss), before tax and net of reclassifications into Net income
Net change in debt securities	46	538	(1,148)	2,018
Net change in cash flow hedge derivatives	222	12	(553)	797
Pension and other postretirement benefit plan adjustments	(43)	(17)	(13)	(5)
Net change in Other		2	1	10
Other comprehensive income (loss), before tax and net of reclassifications into Net income	225	535	(1,713)	2,820
Income tax benefit (expense) related to items of other comprehensive income	(52)	(125)	406	(665)
Other comprehensive income (loss), after tax and net of reclassifications into Net income	$ 173	$ 410	$ (1,307)	$ 2,155

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Assets
Cash and due from banks		$ 8,724	$ 7,017
Interest-earning deposits with banks		72,447	85,173
Loans held for sale	[1]	2,227	1,597
Investment securities – available for sale		125,058	87,358
Investment securities – held to maturity		1,485	1,441
Loans	[1]	294,704	241,928
Allowance for loan and lease losses		(5,730)	(5,361)
Net loans		288,974	236,567
Equity investments		7,521	6,052
Mortgage servicing rights		1,793	1,242
Goodwill		10,958	9,233
Other	[1]	35,025	30,999
Total assets		554,212	466,679
Deposits
Noninterest-bearing		154,190	112,637
Interest-bearing		298,693	252,708
Total deposits		452,883	365,345
Borrowed funds
Federal Home Loan Bank borrowings			3,500
Bank notes and senior debt		24,408	24,271
Subordinated debt		7,120	6,403
Other	[2]	3,285	3,021
Total borrowed funds		34,813	37,195
Allowance for unfunded lending related commitments		645	584
Accrued expenses and other liabilities		11,186	9,514
Total liabilities		499,527	412,638
Equity
Preferred stock	[3]
Common stock ($5 par value, Authorized 800 shares, issued 543 shares)		2,713	2,713
Capital surplus		15,928	15,884
Retained earnings		48,663	46,848
Accumulated other comprehensive income		1,463	2,770
Common stock held in treasury at cost: 118 and 119 shares		(14,140)	(14,205)
Total shareholders’ equity		54,627	54,010
Noncontrolling interests		58	31
Total equity		54,685	54,041
Total liabilities and equity		$ 554,212	$ 466,679
[1]	Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $2.0 billion, Loans held for investment of $1.7 billion and Other assets of $0.1 billion at June 30, 2021. Comparable amounts at December 31, 2020 were $1.2 billion, $1.4 billion and $0.1 billion, respectively.
[2]	Our consolidated liabilities included Other borrowed funds of less than $0.1 billion at both June 30, 2021 and December 31, 2020, for which we have elected the fair value option.
[3]	Par value less than $0.5 million at each date.

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Common stock, par value (in dollars per share)	$ 5	$ 5
Common stock, authorized (shares)	800,000,000	800,000,000
Common stock, issued (shares)	543,000,000	543,000,000
Common stock held in treasury at cost (shares)	118,000,000	119,000,000
Preferred stock (less than)	$ 0.5	$ 0.5
Portion at Fair Value, Fair Value Disclosure
Loans held for sale, fair value	2,000	1,200
Loans, fair value	1,700	1,400
Other assets, fair value	100	100
Other borrowed funds, fair value	$ 100	$ 100

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020
Operating Activities
Net income		$ 2,929	$ 4,570
Adjustments to reconcile net income to net cash provided (used) by operating activities
Provision for (recapture of) credit losses		(249)	3,377
Depreciation and amortization		794	712
Deferred income taxes		165	(2,501)
Net gains on sales of securities		(35)	(222)
Changes in fair value of mortgage servicing rights		(47)	728
Gain on sale of BlackRock			(5,740)
Undistributed earnings of BlackRock			(174)
Net change in
Trading securities and other short-term investments		776	(266)
Loans held for sale		(439)	(170)
Other assets		(784)	(1,675)
Accrued expenses and other liabilities		(782)	3,161
Other		(133)	531
Net cash provided (used) by operating activities		2,195	2,331
Sales
Securities available for sale		7,495	12,055
Net proceeds from sale of BlackRock			14,225
Loans		1,011	597
Repayments/maturities
Securities available for sale		15,970	10,110
Securities held to maturity		46	38
Purchases
Securities available for sale		(44,380)	(31,593)
Securities held to maturity		(75)	(44)
Loans		(1,291)	(173)
Net change in
Federal funds sold and resale agreements		(75)	460
Interest-earning deposits with banks		26,039	(26,820)
Loans		9,739	(19,886)
Net cash paid for acquisition	[1]	(10,511)
Other		(1,018)	(206)
Net cash provided (used) by investing activities		2,950	(41,237)
Net change in
Noninterest-bearing deposits		5,771	26,673
Interest-bearing deposits		(3,730)	30,778
Federal funds purchased and repurchase agreements		75	(5,888)
Short-term Federal Home Loan Bank borrowings			(6,300)
Other borrowed funds		94	1,486
Sales/issuances
Federal Home Loan Bank borrowings			9,060
Bank notes and senior debt		996	3,487
Other borrowed funds		353	304
Common and treasury stock		36	34
Repayments/maturities
Federal Home Loan Bank borrowings		(3,680)	(10,601)
Bank notes and senior debt		(1,850)	(5,897)
Other borrowed funds		(346)	(318)
Acquisition of treasury stock		(67)	(1,523)
Preferred stock cash dividends paid		(105)	(118)
Common stock cash dividends paid		(985)	(994)
Net cash provided (used) by financing activities		(3,438)	40,183
Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash		1,707	1,277
Net cash provided by discontinued operations			14,299
Net cash provided (used) by continuing operations		1,707	(13,022)
Cash and due from banks and restricted cash at beginning of period		7,017	5,061
Cash and due from banks and restricted cash at end of period		8,724	6,338
Cash and due from banks at end of period (unrestricted cash)		8,128	5,977
Restricted cash		596	361
Supplemental Disclosures
Interest paid		336	913
Income taxes paid		384	528
Income taxes refunded		65	9
Leased assets obtained in exchange for new operating lease liabilities		248	59
Non-cash Investing and Financing Items
Transfer from loans to loans held for sale, net		489	542
Transfer from trading securities to investment securities			289
Transfer from loans to foreclosed assets		$ 15	$ 43
[1]	Cash paid to acquire BBVA was $11,480 million. The amount of $10,511 million represents the cash paid for the acquisition less $969 million in cash acquired. See Note 2 Acquisition & Divestiture Activity for more detailed information on the BBVA acquisition.

Consolidated Statement of Cas_2

Consolidated Statement of Cash Flows (Parenthetical) $ in Millions	Jun. 01, 2021USD ($)
BBVA USA Bancshares, Inc.
Cash paid	$ 11,480
Net cash paid for acquisition	10,511
Cash acquired	$ 969

Accounting Policies

Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Accounting Policies	B USINESS PNC is one of the largest diversified financial services companies in the U.S. and is headquartered in Pittsburgh, Pennsylvania. CCOUNTING P OLICIES Basis of Financial Statement Presentation Our consolidated financial statements include the accounts of the parent company and its subsidiaries, most of which are wholly-owned, certain partnership interests and VIEs. On June 1, 2021, we acquired BBVA, a U.S. financial holding company conducting its business operations primarily through its U.S. banking subsidiary, BBVA USA. Our results for the three and six months ended June 30, 2021 reflect BBVA's business operations for the month of June 2021 and our balance sheet at June 30, 2021 includes BBVA's balances. See Note 2 Acquisition and Divestiture Activity for additional information on this acquisition. We prepared these consolidated financial statements in accordance with GAAP. We have eliminated intercompany accounts and transactions. We have also reclassified certain prior year amounts to conform to the current period presentation, which did not have a material impact on our consolidated financial condition or results of operations. In our opinion, the unaudited interim consolidated financial statements reflect all normal, recurring adjustments needed to present fairly our results for the interim periods. The results of operations for interim periods are not necessarily indicative of the results that may be expected for the full year or any other interim period. We have also considered the impact of subsequent events on these consolidated financial statements. When preparing these unaudited interim consolidated financial statements, we have assumed that you have read the audited consolidated financial statements included in our 2020 Form 10-K. Reference is made to Note 1 Accounting Policies in our 2020 Form 10-K for a detailed description of significant accounting policies. These interim consolidated financial statements serve to update our 2020 Form 10-K and may not include all information and Notes necessary to constitute a complete set of financial statements. There have been no significant changes to our accounting policies as disclosed in our 2020 Form 10-K. Use of Estimates We prepared these consolidated financial statements using financial information available at the time of preparation, which requires us to make estimates and assumptions that affect the amounts reported. Our most significant estimates pertain to the ACL and our fair value measurements, including for the BBVA acquisition. Actual results may differ from the estimates and the differences may be material to the consolidated financial statements. Recently Adopted Accounting Standards Accounting Standards Update Description Financial Statement Impact Income Tax Simplification - ASU 2019-12 Issued December 2019 • Simplifies the accounting for income taxes by eliminating certain exceptions in ASC 740, Income Taxes , relating to the approach for intraperiod tax allocation, the recognition of deferred tax liabilities for outside basis differences and the methodology for calculating income taxes in an interim period. • Clarifies areas of the income tax guidance around franchise taxes partially based on income, step-ups in the tax basis of goodwill, and enacted changes in tax laws. • Specifies that an entity is no longer required to allocate the consolidated amount of current and deferred tax expense to a legal entity that is not subject to tax in its separate financial statements. • Adopted January 1, 2021. • The adoption of this standard did not impact our consolidated results of operations or our consolidated financial position. PNC will no longer allocate the consolidated amount of current and deferred income tax expense to certain qualifying stand-alone entities, which will impact the presentation of parent company tax expense subsequent to adoption. Accounting Standards Update Description Financial Statement Impact Reference Rate Reform - ASU 2020-04 Issued March 2020 Reference Rate Reform Scope - ASU 2021-01 Issued January 2021 • Provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform (codified in ASC 848). • Includes optional expedients related to contract modifications that allow an entity to account for modifications (if certain criteria are met) as if the modifications were only minor (assets within the scope of ASC 310, Receivables ), were not substantial (assets within the scope of ASC 470, Debt ) and/or did not result in remeasurements or reclassifications (assets within the scope of ASC 842, Leases , and other Topics) of the existing contract. • Includes optional expedients related to hedging relationships within the scope of ASC 815, Derivatives & Hedging , whereby changes to the critical terms of a hedging relationship do not require dedesignation if certain criteria are met. In addition, potential sources of ineffectiveness as a result of reference rate reform may be disregarded when performing some effectiveness assessments. • Includes optional expedients and exceptions for contract modifications and hedge accounting that apply to derivative instruments impacted by the market-wide discounting transition. • Allows for a one-time election to sell, transfer, or both sell and transfer debt securities classified as held to maturity that reference a rate affected by reference rate reform and that are classified as held to maturity before January 1, 2020. • Guidance in these ASUs are effective as of March 12, 2020 through December 31, 2022. • ASU 2020-04 was adopted March 12, 2020. ASU 2021-01 was retrospectively adopted October 1, 2020. • Refer to Note 1 Accounting Policies in the 2020 Form 10-K for more information on elections of optional expedients that occurred in 2020. • During the first quarter of 2021, we elected to apply certain optional expedients to derivative instruments that were modified in the first quarter due to the adoption of fallback language recommended by the ISDA to address the anticipated cessation of LIBOR. These optional expedients remove the requirement to remeasure contract modifications or dedesignate hedging relationships due to reference rate reform. • As of June 30, 2021, we have not yet elected to apply any optional expedients for contract modifications and hedging relationships to any other financial instruments. However, we plan to elect these optional expedients in the future. Accounting Standards Update Description Financial Statement Impact SEC Paragraph Amendments – ASU 2020-09 Issued October 2020 • Amends the financial disclosure requirements for guarantors and issuers of guaranteed securities registered or being registered, and issuers’ affiliates whose securities collateralize securities registered or being registered in Regulation S-X. • Improves disclosure requirements for both investors and registrants. • Provides investors with material information given the specific facts and circumstances, making the disclosures easier to understand and reducing the costs and burdens to registrants. • Adopted January 4, 2021. • In accordance with the requirements of this ASU, we included Exhibit 22 in the Exhibit Index of Item 6 of this Report to disclose PNC’s guarantee of the PNC Capital Trust C preferred securities.

Acquisition and Divestiture Act

Acquisition and Divestiture Activity	6 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
Acquisition and Divestiture Activity	A CQUISITION A ND D IVESTITURE A CTIVITY Acquisition of BBVA USA Bancshares, Inc. On June 1, 2021, PNC acquired BBVA including its U.S. banking subsidiary, BBVA USA, for $11.5 billion in cash. PNC did not acquire the following entities as part of the acquisition: BBVA Securities, Inc., Propel Venture Partners Fund I, L.P. and BBVA Processing Services, Inc. This transaction has been accounted for as a business combination. Accordingly, the assets and liabilities from BBVA were recorded at fair value as of the acquisition date. The determination of fair value requires management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature and subject to change. Fair value estimates related to the assets and liabilities from BBVA are subject to adjustment for up to one year after the closing date of the acquisition as additional information becomes available. Valuations subject to adjustment include, but are not limited to, loans, certain deposits, certain other assets, customer relationships and the core deposit intangibles. PNC incurred $111 million and $117 million in costs for the three and six months ended June 30, 2021, in connection with the transaction. These expenses are primarily comprised of legal, advisory and technology related costs. Cumulative nonrecurring merger and integration costs through June 30, 2021 were $124 million. The following table includes the preliminary fair value of the identifiable tangible and intangible assets and liabilities from BBVA: Table 35: Acquisition Consideration June 1, 2021 In millions Fair Value Fair value of acquisition consideration $ 11,480 Assets Cash and due from banks $ 969 Interest-earning deposits with banks 13,313 Loans held for sale 446 Investment securities – available for sale 18,358 Net loans 61,370 Equity investments 723 Mortgage servicing rights 35 Core deposit intangibles and other intangible assets 399 Other 3,531 Total assets $ 99,144 Liabilities Deposits $ 85,562 Borrowed funds 2,449 Accrued expenses and other liabilities 1,271 Total liabilities $ 89,282 Noncontrolling interests 22 Less: Net assets $ 9,840 Goodwill $ 1,640 Preliminary goodwill of $1.6 billion recorded in connection with the transaction resulted from the reputation, operating model and expertise of BBVA. The amount of goodwill recorded reflects the increased market share and related synergies that are expected to result from the acquisition, and represents the excess purchase price over the estimated fair value of the net assets from BBVA. The goodwill was allocated to each of our three business segments on a preliminary basis and is not deductible for income tax purposes. See Note 6 Goodwill and Mortgage Servicing Rights for additional information on the allocation of goodwill to the segments. Table 36: Fair Value and Unpaid Principal Balance of Loans from the BBVA Acquisition June 1, 2021 In millions Unpaid Principal Balance Fair Value Loans Commercial Commercial and industrial $ 29,864 $ 29,372 Commercial real estate 10,632 10,250 Equipment lease financing 48 48 Total commercial 40,544 39,670 Consumer Residential real estate 12,871 12,983 Home equity 2,430 2,417 Automobile 3,916 3,912 Credit card 820 758 Other consumer 1,688 1,630 Total consumer 21,725 21,700 Total $ 62,269 $ 61,370 Other intangible assets from the BBVA acquisition, as of June 1, 2021 consisted of the following: Table 37: Intangible Assets In millions Fair Value Weighted Life Amortization Method Residential mortgage servicing rights $ 35 5.5 (a) Core deposits $ 283 10.0 Accelerated Other 116 9.8 Straight-line Total core deposits and other $ 399 (a) Intangible asset accounted for at fair value. The following is a description of the methods used to determine the fair values of significant assets and liabilities. Cash and and Due from Banks and Interest-earning Deposits with Banks The carrying amount of these assets is a reasonable estimate of fair value based on the short-term nature of these assets. Loans Held for Sale Residential mortgage loans are valued based on quoted market prices, where available, prices for other traded mortgage loans with similar characteristics, and purchase commitments and bid information received from market participants. The prices are adjusted as necessary to include the embedded servicing value in the loans and to take into consideration the specific characteristics of certain loans that are priced based on the pricing of similar loans. Personal installment loans are pooled based on delinquency status, and fair value of individual loans is calculated based on traded consumer unsecured loans, dealer research and loan level performance characteristics. Available For Sale Securities All investment securities from the BBVA acquisition were classified within the available for sale portfolio at acquisition. Fair value estimates for available for sale securities were determined by third-party pricing vendors. The third-party vendors use a variety of methods when pricing securities that incorporate relevant market data to arrive at an estimate of what a buyer in the marketplace would pay for a security under current market conditions. These methods include the use of quoted prices for the identical or a similar security, an alternative market-based approach or an income approach, such as a discounted cash flow pricing model. Loans Fair value for loans is based on a discounted cash flow methodology that considered credit loss and prepayment expectations, market interest rates and other market factors, such as liquidity, from the perspective of a market participant. Loan cash flows were generated on an individual loan basis. The PD, LGD, exposure at default and prepayment assumptions are the key factors driving credit losses which are embedded into the estimated cash flows. Equity Investments Equity investments primarily include LIHTC investments and preservation fund investments. The fair value of the LIHTC investments was estimated based on LIHTC pricing observed for recent transactions in markets where the properties underlying the LIHTC investments from the BBVA acquisition are located. The fair value of the preservation investments was estimated based on appraisals and valuations of the properties in the investment portfolio using income and market projections. Mortgage Servicing Rights The fair value of mortgage servicing rights from the BBVA acquisition is estimated by using a discounted cash flow valuation model which calculates the present value of estimated future net servicing cash flows, taking into consideration actual and expected mortgage loan prepayment rates, discount rates, servicing costs and other factors which are determined based on current market conditions. Core Deposit Intangible This intangible asset represents the value of certain client deposit relationships. The fair value was estimated utilizing the cost method. Appropriate consideration was given to deposit costs including servicing costs, client retention and alternative funding source costs at the time of acquisition. The discount rate used was derived taking into account the estimated cost of equity, risk-free return rate and risk premium for the market and specific risk related to the asset’s cash flows. The core deposit intangible is being amortized over 10 years using an accelerated depreciation methodology. Deposits The fair values for time deposits were estimated by discounting contractual cash flows using current market rates for instruments with similar maturities. For deposits with no defined maturity, carrying values approximate fair values. Borrowed Funds The fair values of long-term debt instruments were estimated based on quoted market prices. The following table presents financial results of BBVA included in the Consolidated Statement of Income from the date of acquisition through June 30, 2021. Table 38: BBVA Financial Results In millions One month ended June 30, 2021 Net interest income $ 236 Noninterest income $ 80 Net income $ 153 The following table presents unaudited pro forma results as if the acquisition of BBVA by PNC had occurred on January 1, 2020 and includes the impact of amortizing and accreting certain estimated purchase accounting adjustments such as intangible assets as well as fair value adjustments to loans, deposits and long-term debt. Acquisition costs of $117 million that have been incurred since January 1, 2021 are included in the pro forma results. PNC's financial results include the divestiture of BlackRock of $4.3 billion recorded in net income. Additionally, BBVA's financial results through the six months ended June 30, 2020 included a $2.2 billion goodwill impairment charge recorded in noninterest expense. The pro forma information does not necessarily reflect the results that would have occurred had PNC acquired BBVA on January 1, 2020. Table 39: Unaudited Pro Forma Results Three months ended June 30 Six months ended June 30 In millions 2021 2020 2021 2020 Net interest income $ 2,984 $ 3,126 $ 5,975 $ 6,250 Noninterest income $ 2,258 $ 1,757 $ 4,354 $ 3,825 Net income $ 2,097 $ 3,327 $ 4,226 $ 851 Under CECL, PNC is required to determine whether purchased loans held for investment have experienced more-than-insignificant deterioration in credit quality since origination. PNC considers a variety of factors in connection with the identification of more-than-insignificant deterioration in credit quality, including but not limited to nonperforming status, delinquency, risk ratings, TDR classification, FICO scores and other qualitative factors that indicate deterioration in credit quality since origination. PNC initially measures the amortized cost of a PCD loan by adding the acquisition date estimate of expected credit losses to the loan's purchase price. The initial ACL for PCD loans of $1.2 billion was established through an adjustment to the BBVA loan balance and related purchase accounting mark. Non-PCD loans and PCD loans had a fair value of $52.1 billion and $9.3 billion at the acquisition date and unpaid principal balance of $52.0 billion and $10.3 billion, respectively. In accordance with U.S. GAAP, there was no carryover of the ACL that had been previously recorded by BBVA. Subsequent to acquisition, PNC recorded an ACL on non-PCD loans of $1.0 billion through an increase to the provision for credit losses. Table 40: PCD Loan Activity June 1, 2021 In millions Principal Balance $ 10,253 ACL at acquisition (1,161) Non-credit premium 224 Purchase price $ 9,316 Sale of Equity Investment in BlackRock, Inc. In May 2020, PNC completed the sale of its 31.6 million shares of BlackRock, Inc. common and preferred stock through a registered secondary offering at a price of $420 per share. In addition, BlackRock repurchased 2.65 million shares from PNC at a price of $414.96 per share. The total proceeds from the sale were $14.2 billion in cash, net of $0.2 billion in expenses, and resulted in a gain on sale of $4.3 billion. Additionally, PNC contributed 500,000 BlackRock shares to the PNC Foundation. Following the sale and donation, PNC has divested its entire investment in BlackRock and only holds shares of BlackRock stock in a fiduciary capacity for clients of PNC. The following table summarizes the results from the discontinued operations of BlackRock included in the Consolidated Income Statement: Table 41: Consolidated Income Statement - Discontinued Operations Three months ended June 30 Six months ended June 30 In millions 2020 2020 Noninterest income $ 5,596 $ 5,777 Total revenue 5,596 5,777 Income from discontinued operations before income taxes and noncontrolling interests 5,596 5,777 Income taxes 1,197 1,222 Net income from discontinued operations $ 4,399 $ 4,555 The following table summarizes the cash flows of discontinued operations of BlackRock included in the Consolidated Statement of Cash Flows: Table 42: Consolidated Statement of Cash Flows - Discontinued Operations Six months ended June 30 In millions 2020 Cash from discontinued operations Net cash provided (used) by operating activities of discontinued operations $ 74 Net cash provided by investing activities of discontinued operations $ 14,225

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2021
Investment Securities Disclosure [Abstract]
Investment Securities	I NVESTMENT S ECURITIES Table 43: Investment Securities Summary June 30, 2021 (a) December 31, 2020 (a) In millions Amortized Unrealized Fair Amortized Unrealized Fair Gains Losses Gains Losses Securities Available for Sale U.S. Treasury and government agencies $ 38,564 $ 593 $ (146) $ 39,011 $ 19,821 $ 903 $ (13) $ 20,711 Residential mortgage-backed Agency 66,393 1,046 (125) 67,314 47,355 1,566 (10) 48,911 Non-agency 1,081 247 (5) 1,323 1,272 243 (14) 1,501 Commercial mortgage-backed Agency 2,263 71 (3) 2,331 2,571 119 (2) 2,688 Non-agency 4,033 59 (13) 4,079 3,678 78 (67) 3,689 Asset-backed 5,625 78 (6) 5,697 5,060 100 (10) 5,150 Other 5,060 244 (1) 5,303 4,415 293 4,708 Total securities available for sale (b) $ 123,019 $ 2,338 $ (299) $ 125,058 $ 84,172 $ 3,302 $ (116) $ 87,358 Securities Held to Maturity U.S. Treasury and government agencies $ 804 $ 87 $ 891 $ 795 $ 125 $ 920 Other 681 33 $ (7) 707 646 42 $ (3) 685 Total securities held to maturity (c) $ 1,485 $ 120 $ (7) $ 1,598 $ 1,441 $ 167 $ (3) $ 1,605 (a) The accrued interest associated with our available for sale portfolio totaled $311 million and $238 million at June 30, 2021 and December 31, 2020, respectively. These amounts are included in Other assets on the Consolidated Balance Sheet. (b) Amortized cost is presented net of allowance of $105 million and $79 million for securities available for sale at June 30, 2021 and December 31, 2020, respectively. (c) Credit ratings represent a primary credit quality indicator used to monitor and manage credit risk. 84% and 85% of our securities held to maturity were rated AAA/AA at June 30, 2021 and December 31, 2020, respectively. The fair value of investment securities is impacted by interest rates, credit spreads, market volatility and liquidity conditions. Securities available for sale are carried at fair value with net unrealized gains and losses included in Shareholders’ equity as AOCI, unless credit related. Net unrealized gains and losses are determined by taking the difference between the fair value of a security and its amortized cost, net of any allowance. Securities held to maturity are carried at amortized cost less any allowance. Investment securities at both June 30, 2021 and June 30, 2020 included $0.3 billion of net unsettled purchases which represent non-cash investing activity, and accordingly, are not reflected on the Consolidated Statement of Cash Flows. We maintain the allowance for investment securities at levels that we believe to be appropriate as of the balance sheet date based on estimation of expected credit losses on our portfolio. As of June 30, 2021, the allowance for investment securities was $108 million and primarily related to non-agency commercial mortgage-backed securities in the available for sale portfolio. The provision for credit losses on investment securities was zero and $26 million for the three and six months ended June 30, 2021. See Note 1 Accounting Policies included in Item 8 of our 2020 Form 10-K for a discussion of the methodologies used to determine the allowance for investment securities. Table 44 presents the gross unrealized losses and fair value of securities available for sale that do not have an associated allowance for investment securities at June 30, 2021 and December 31, 2020. These securities are segregated between investments that had been in a continuous unrealized loss position for less than twelve months and twelve months or more, based on the point in time that the fair value declined below the amortized cost basis. All securities included in the table have been evaluated to determine if a credit loss exists. As part of that assessment, as of June 30, 2021, we concluded that we do not intend to sell and believe we will not be required to sell these securities prior to recovery of the amortized cost basis. Table 44: Gross Unrealized Loss and Fair Value of Securities Available for Sale Without an Allowance for Credit Losses Unrealized loss position Unrealized loss position Total In millions Unrealized Fair Unrealized Fair Unrealized Fair June 30, 2021 U.S. Treasury and government agencies $ (146) $ 17,168 $ (146) $ 17,168 Residential mortgage-backed Agency (122) 24,527 $ (3) $ 442 (125) 24,969 Non-agency (5) 155 (5) 155 Commercial mortgage-backed Agency (2) 274 (1) 65 (3) 339 Non-agency (4) 710 (4) 710 Asset-backed (3) 793 (3) 386 (6) 1,179 Other (1) 196 (1) 196 Total securities available for sale $ (274) $ 42,958 $ (16) $ 1,758 $ (290) $ 44,716 December 31, 2020 U.S. Treasury and government agencies $ (13) $ 603 $ (13) $ 603 Residential mortgage-backed Agency (8) 3,152 $ (2) $ 82 (10) 3,234 Non-agency (7) 119 (7) 73 (14) 192 Commercial mortgage-backed Agency (2) 149 (2) 149 Non-agency (13) 972 (7) 714 (20) 1,686 Asset-backed (1) 339 (9) 706 (10) 1,045 Total securities available for sale $ (42) $ 5,185 $ (27) $ 1,724 $ (69) $ 6,909 Information relating to gross realized securities gains and losses from the sales of securities is set forth in the following table: Table 45: Gains (Losses) on Sales of Securities Available for Sale Six months ended June 30 Gross Gains Gross Losses Net Gains Tax Expense 2021 $ 201 $ (166) $ 35 $ 7 2020 $ 224 $ (2) $ 222 $ 47 The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt securities at June 30, 2021: Table 46: Contractual Maturity of Debt Securities June 30, 2021 1 Year or Less After 1 Year After 5 Years After 10 Total Securities Available for Sale U.S. Treasury and government agencies $ 2,751 $ 22,506 $ 11,358 $ 1,949 $ 38,564 Residential mortgage-backed Agency 1 123 2,124 64,145 66,393 Non-agency 2 1,079 1,081 Commercial mortgage-backed Agency 64 520 804 875 2,263 Non-agency 174 210 3,649 4,033 Asset-backed 109 2,117 771 2,628 5,625 Other 616 2,031 1,625 788 5,060 Total securities available for sale at amortized cost $ 3,541 $ 27,471 $ 16,894 $ 75,113 $ 123,019 Fair value $ 3,562 $ 27,856 $ 17,091 $ 76,549 $ 125,058 Weighted-average yield, GAAP basis (a) 1.42 % 1.25 % 1.60 % 2.49 % 2.19 % Securities Held to Maturity U.S. Treasury and government agencies $ 199 $ 318 $ 287 $ 804 Other $ 80 424 98 79 681 Total securities held to maturity at amortized cost $ 80 $ 623 $ 416 $ 366 $ 1,485 Fair value $ 81 $ 651 $ 483 $ 383 $ 1,598 Weighted-average yield, GAAP basis (a) 3.24 % 2.95 % 3.91 % 2.61 % 3.16 % (a) Weighted-average yields are based on amortized cost with effective yields weighted for the contractual maturity of each security. At June 30, 2021, there were no securities of a single issuer, other than FNMA and FHLMC, that exceeded 10% of total shareholders’ equity. The FNMA and FHLMC investments had a total amortized cost of $32.3 billion and $22.5 billion and fair value of $33.2 billion and $22.6 billion, respectively. The following table presents the fair value of securities that have been either pledged to or accepted from others to collateralize outstanding borrowings: Table 47: Fair Value of Securities Pledged and Accepted as Collateral In millions June 30 December 31 Pledged to others $ 24,121 $ 22,841 Accepted from others: Permitted by contract or custom to sell or repledge $ 752 $ 683 Permitted amount repledged to others $ 752 $ 683

Loans and Related Allowance for

Loans and Related Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2021
Asset Quality [Abstract]
Loans and Related Allowance for Credit Losses	L OANS A ND R ELATED A LLOWANCE F OR C REDIT L OSSES Loan Portfolio Our loan portfolio consists of two portfolio segments – Commercial and Consumer. Each of these segments comprises multiple loan classes. Classes are characterized by similarities in risk attributes and the manner in which we monitor and assess credit risk. Commercial Consumer • Commercial and industrial • Residential real estate • Commercial real estate • Home equity • Equipment lease financing • Automobile • Credit card • Education • Other consumer See Note 1 Accounting Policies included in Item 8 of our 2020 Form 10-K for additional information on our loan related policies. Credit Quality We closely monitor economic conditions and loan performance trends to manage and evaluate our exposure to credit risk within the loan portfolio based on our defined loan classes. In doing so, we use several credit quality indicators, including trends in delinquency rates, nonperforming status, analysis of PD and LGD ratings, updated credit scores, and originated and updated LTV ratios. The measurement of delinquency status is based on the contractual terms of each loan. Loans that are 30 days or more past due in terms of payment are considered delinquent. Loan delinquencies include government insured or guaranteed loans, loans accounted for under the fair value option and PCD loans. Table 48 presents the composition and delinquency status of our loan portfolio at June 30, 2021 and December 31, 2020. Pursuant to the interagency guidance issued in April 2020 and in connection with the credit reporting rules from the CARES Act, the delinquency status of loans modified due to COVID-19 related hardships aligns with the rules set forth for banks to report delinquency status to the credit agencies. These rules require that COVID-19 related loan modifications be reported as follows: • if current at the time of modification, the loan remains current throughout the modification period, • if delinquent at the time of modification and the borrower was not made current as part of the modification, the loan maintains its reported delinquent status during the modification period, or • if delinquent at the time of modification and the borrower was made current as part of the modification or became current during the modification period, the loan is reported as current. As a result, certain loans modified due to COVID-19 related hardships are not being reported as past due as of June 30, 2021 and December 31, 2020 based on the contractual terms of the loan, even where borrowers may not be making payments on their loans during the modification period. Loan modifications due to COVID-19 related hardships that permanently reduce either the contractual interest rate or the principal balance of a loan do not qualify for TDR relief under the CARES Act or the interagency guidance. Table 48: Analysis of Loan Portfolio (a) (b) Accruing Dollars in millions Current or Less 30-59 60-89 90 Days Total Nonperforming Fair Value Total Loans June 30, 2021 Commercial Commercial and industrial $ 154,226 $ 72 $ 27 $ 45 $ 144 $ 930 $ 155,300 Commercial real estate 37,453 5 3 2 10 501 37,964 Equipment lease financing 6,354 3 4 7 15 6,376 Total commercial 198,033 80 34 47 161 1,446 199,640 Consumer Residential real estate 35,099 212 82 337 631 (c) 503 $ 613 36,846 Home equity 24,377 44 17 61 626 110 25,174 Automobile 17,239 98 20 3 121 191 17,551 Credit card 6,401 37 24 59 120 7 6,528 Education 2,591 46 22 67 135 (c) 2,726 Other consumer 6,172 31 16 14 61 6 6,239 Total consumer 91,879 468 181 480 1,129 1,333 723 95,064 Total $ 289,912 $ 548 $ 215 $ 527 $ 1,290 $ 2,779 $ 723 $ 294,704 Percentage of total loans 98.37 % 0.19 % 0.07 % 0.18 % 0.44 % 0.94 % 0.25 % 100.00 % December 31, 2020 Commercial Commercial and industrial $ 131,245 $ 106 $ 26 $ 30 $ 162 $ 666 $ 132,073 Commercial real estate 28,485 6 1 7 224 28,716 Equipment lease financing 6,345 31 5 36 33 6,414 Total commercial 166,075 143 32 30 205 923 167,203 Consumer Residential real estate 20,945 181 78 319 578 (c) 528 $ 509 22,560 Home equity 23,318 50 21 71 645 54 24,088 Automobile 13,863 134 34 12 180 175 14,218 Credit card 6,074 43 30 60 133 8 6,215 Education 2,785 55 29 77 161 (c) 2,946 Other consumer 4,656 14 10 11 35 7 4,698 Total consumer 71,641 477 202 479 1,158 1,363 563 74,725 Total $ 237,716 $ 620 $ 234 $ 509 $ 1,363 $ 2,286 $ 563 $ 241,928 Percentage of total loans 98.27 % 0.26 % 0.10 % 0.21 % 0.56 % 0.94 % 0.23 % 100.00 % (a) Amounts in table represent loans held for investment and do not include any associated valuation allowance. (b) The accrued interest associated with our loan portfolio totaled $0.8 billion and $0.7 billion at June 30, 2021 and December 31, 2020, respectively. These amounts are included in Other assets on the Consolidated Balance Sheet. (c) Past due loan amounts include government insured or guaranteed Residential real estate loans and Education loans totaling $0.4 billion and $0.1 billion at June 30, 2021. Comparable amounts at December 31, 2020 were $0.4 billion and $0.2 billion. (d) Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policies. Given that these loans are not accounted for at amortized cost, these loans have been excluded from the nonperforming loan population. (e) Includes unearned income, unamortized deferred fees and costs on originated loans, and premiums or discounts on purchased loans totaling $1.0 billion and $1.3 billion at June 30, 2021 and December 31, 2020, respectively. (f) Collateral dependent loans totaled $1.9 billion and $1.5 billion at June 30, 2021 and December 31, 2020, respectively. At June 30, 2021, we pledged $45.5 billion of commercial and other loans to the Federal Reserve Bank and $78.5 billion of residential real estate and other loans to the FHLB as collateral for the ability to borrow, if necessary. The comparable amounts at December 31, 2020 were $30.1 billion and $69.0 billion, respectively. Amounts pledged reflect the unpaid principal balances. Nonperforming Assets Nonperforming assets include nonperforming loans and leases, OREO and foreclosed assets. Nonperforming loans are those loans accounted for at amortized cost whose credit quality has deteriorated to the extent that full collection of contractual principal and interest is not probable and include nonperforming TDRs and PCD loans. Interest income is not recognized on these loans. Loans accounted for under the fair value option are reported as performing loans, however, when nonaccrual criteria is met interest income is not recognized on these loans. Additionally, certain government insured or guaranteed loans for which we expect to collect The following table presents our nonperforming assets as of June 30, 2021 and December 31, 2020 , respectively: Table 49: Nonperforming Assets Dollars in millions June 30 December 31 Nonperforming loans Commercial $ 1,446 $ 923 Consumer (a) 1,333 1,363 Total nonperforming loans (b) 2,779 2,286 OREO and foreclosed assets 39 51 Total nonperforming assets $ 2,818 $ 2,337 Nonperforming loans to total loans 0.94 % 0.94 % Nonperforming assets to total loans, OREO and foreclosed assets 0.96 % 0.97 % Nonperforming assets to total assets 0.51 % 0.50 % (a) Excludes most unsecured consumer loans and lines of credit, which are charged off after 120 to 180 days past due and are not placed on nonperforming status. (b) Nonperforming loans for which there is no related ALLL totaled $1.0 billion at June 30, 2021 and primarily include loans with a fair value of collateral that exceeds the amortized cost basis. The comparable amount at December 31, 2020 was $0.8 billion. Nonperforming loans include certain loans whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties. In accordance with applicable accounting guidance, these loans are considered TDRs. See Note 1 Accounting Policies included in Item 8 of our 2020 Form 10-K and the Troubled Debt Restructurings section of this Note 4 for additional information on TDRs. Total nonperforming loans in Table 49 include TDRs of $0.8 billion and $0.9 billion at June 30, 2021 and December 31, 2020, respectively. TDRs that are performing, including consumer credit card TDR loans, totaled $0.7 billion at both June 30, 2021 and December 31, 2020 and are excluded from nonperforming loans. Additional Credit Quality Indicators by Loan Class Commercial Loan Classes See Note 4 Loans and Related Allowance for Credit Losses included in Item 8 of our 2020 Form 10-K for additional information related to these loan classes, including discussion around the credit quality indicators that we use to monitor and manage the credit risk associated with each loan class. The following table presents credit quality indicators for the commercial loan classes: Table 50: Commercial Credit Quality Indicators (a) Term Loans by Origination Year June 30, 2021 - In millions 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial and industrial Pass Rated $ 20,084 $ 18,350 $ 13,729 $ 8,737 $ 7,980 $ 14,429 $ 62,892 $ 91 $ 146,292 Criticized 287 544 933 969 528 1,069 4,650 28 9,008 Total commercial and industrial 20,371 18,894 14,662 9,706 8,508 15,498 67,542 119 155,300 Commercial real estate Pass Rated 2,124 4,419 8,354 5,547 3,220 8,971 414 33,049 Criticized 131 297 960 677 745 2,055 50 4,915 Total commercial real estate 2,255 4,716 9,314 6,224 3,965 11,026 464 37,964 Equipment lease financing Pass Rated 636 1,306 1,097 816 616 1,647 6,118 Criticized 21 64 62 74 29 8 258 Total equipment lease financing 657 1,370 1,159 890 645 1,655 6,376 Total commercial $ 23,283 $ 24,980 $ 25,135 $ 16,820 $ 13,118 $ 28,179 $ 68,006 $ 119 $ 199,640 Term Loans by Origination Year December 31, 2020 - In millions 2020 2019 2018 2017 2016 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial and industrial Pass Rated $ 31,680 $ 13,340 $ 8,209 $ 5,956 $ 4,242 $ 7,141 $ 54,775 $ 53 $ 125,396 Criticized 339 702 578 334 224 351 4,130 19 6,677 Total commercial and industrial 32,019 14,042 8,787 6,290 4,466 7,492 58,905 72 132,073 Commercial real estate Pass Rated 3,709 6,268 3,426 2,841 2,341 6,792 218 25,595 Criticized 319 548 148 423 400 1,159 124 3,121 Total commercial real estate 4,028 6,816 3,574 3,264 2,741 7,951 342 28,716 Equipment lease financing Pass Rated 1,429 1,202 942 738 405 1,350 6,066 Criticized 78 92 86 39 22 31 348 Total equipment lease financing 1,507 1,294 1,028 777 427 1,381 6,414 Total commercial $ 37,554 $ 22,152 $ 13,389 $ 10,331 $ 7,634 $ 16,824 $ 59,247 $ 72 $ 167,203 (a) Loans in our commercial portfolio are classified as Pass Rated or Criticized based on the regulatory definitions, which are driven by the PD and LGD ratings that we assign. The Criticized classification includes loans that were rated special mention, substandard or doubtful as of June 30, 2021 and December 31, 2020. Consumer Loan Classes See Note 4 Loans and Related Allowance for Credit Losses included in Item 8 of our 2020 Form 10-K for additional information related to these loan classes, including discussion around the credit quality indicators that we use to monitor and manage the credit risk associated with each loan class. Residential Real Estate and Home Equity The following table presents credit quality indicators for the residential real estate loan class: Table 51: Residential Real Estate Credit Quality Indicators Term Loans by Origination Year June 30, 2021 - In millions 2021 2020 2019 2018 2017 Prior Total Loans PNC legacy Current estimated LTV ratios Greater than 100% $ 1 $ 16 $ 58 $ 18 $ 29 $ 194 $ 316 Greater than or equal to 80% to 100% 727 157 160 44 63 248 1,399 Less than 80% 5,578 6,464 2,527 704 1,298 4,661 21,232 Government insured or guaranteed loans 10 29 24 35 767 865 Total PNC legacy portfolio 6,306 6,647 2,774 790 1,425 5,870 23,812 Acquired loans Estimated LTV ratios (a) Greater than 100% 11 24 3 2 4 23 67 Greater than or equal to 80% to 100% 635 1,407 612 293 286 664 3,897 Less than 80% 1,158 2,094 843 330 414 3,581 8,420 No LTV ratio available 104 313 114 38 4 573 Government insured or guaranteed loans 1 4 14 11 10 37 77 Total acquired loans 1,909 3,842 1,586 674 718 4,305 13,034 Total residential real estate $ 8,215 $ 10,489 $ 4,360 $ 1,464 $ 2,143 $ 10,175 $ 36,846 Updated FICO scores Greater than or equal to 780 $ 4,691 $ 7,211 $ 2,922 $ 832 $ 1,361 $ 5,170 $ 22,187 720 to 779 2,667 2,213 870 287 422 1,838 8,297 660 to 719 252 530 299 163 143 913 2,300 Less than 660 29 110 101 90 99 872 1,301 No FICO score available 575 411 124 57 73 579 1,819 Government insured or guaranteed loans 1 14 44 35 45 803 942 Total residential real estate $ 8,215 $ 10,489 $ 4,360 $ 1,464 $ 2,143 $ 10,175 $ 36,846 Term Loans by Origination Year December 31, 2020 - In millions 2020 2019 2018 2017 2016 Prior Total Loans Current estimated LTV ratios Greater than 100% $ 3 $ 52 $ 26 $ 42 $ 41 $ 160 $ 324 Greater than or equal to 80% to 100% 495 422 127 156 124 307 1,631 Less than 80% 7,491 3,656 992 1,706 1,847 3,991 19,683 Government insured or guaranteed loans 7 28 27 38 57 765 922 Total residential real estate $ 7,996 $ 4,158 $ 1,172 $ 1,942 $ 2,069 $ 5,223 $ 22,560 Updated FICO scores Greater than or equal to 780 $ 5,425 $ 3,099 $ 814 $ 1,432 $ 1,538 $ 2,551 $ 14,859 720 to 779 2,268 820 220 340 335 818 4,801 660 to 719 252 161 76 98 92 475 1,154 Less than 660 40 48 33 31 41 485 678 No FICO score available 4 2 2 3 6 129 146 Government insured or guaranteed loans 7 28 27 38 57 765 922 Total residential real estate $ 7,996 $ 4,158 $ 1,172 $ 1,942 $ 2,069 $ 5,223 $ 22,560 (a) LTV ratios, inclusive of CLTV for first lien and certain subordinate lien positions, in the BBVA loan portfolio are calculated on a quarterly basis utilizing the real estate collateral values available at origination. These calculations will be refreshed to update the property values of real estate collateral and calculate an updated current estimated LTV ratio upon conversion of bank systems, which is expected to occur in October 2021. See Note 4 Loans and Related Allowance for Credit Losses included in Item 8 of our 2020 Form 10-K for additional information on how current estimated LTV ratios are calculated in the PNC legacy portfolio. The following table presents credit quality indicators for the home equity loan class: Table 52: Home Equity Credit Quality Indicators Term Loans by Origination Year June 30, 2021 - In millions 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Loans PNC legacy Current estimated LTV ratios Greater than 100% $ 20 $ 32 $ 9 $ 7 $ 100 $ 418 $ 203 $ 789 Greater than or equal to 80% to 100% $ 23 176 145 28 19 119 1,081 548 2,139 Less than 80% 205 2,866 1,432 441 652 3,677 6,406 4,149 19,828 Total PNC legacy portfolio 228 3,062 1,609 478 678 3,896 7,905 4,900 22,756 Acquired loans Estimated LTV ratios (a) Greater than 100% 3 68 71 Greater than or equal to 80% to 100% 1 5 3 2 1 16 578 1 607 Less than 80% 6 5 6 5 3 90 1,572 3 1,690 No LTV ratio available 4 45 1 50 Total acquired loans 7 10 9 7 4 113 2,263 5 2,418 Total home equity $ 235 $ 3,072 $ 1,618 $ 485 $ 682 $ 4,009 $ 10,168 $ 4,905 $ 25,174 Updated FICO scores Greater than or equal to 780 $ 132 $ 1,905 $ 897 $ 248 $ 436 $ 2,469 $ 6,028 $ 2,310 $ 14,425 720 to 779 78 818 434 125 143 779 2,469 1,239 6,085 660 to 719 20 297 222 72 71 410 1,168 690 2,950 Less than 660 3 50 64 38 31 339 412 575 1,512 No FICO score available 2 2 1 2 1 12 91 91 202 Total home equity $ 235 $ 3,072 $ 1,618 $ 485 $ 682 $ 4,009 $ 10,168 $ 4,905 $ 25,174 Term Loans by Origination Year December 31, 2020 - In millions 2020 2019 2018 2017 2016 Prior Revolving Loans Revolving Loans Converted to Term Total Loans Current estimated LTV ratios . Greater than 100% $ 8 $ 44 $ 18 $ 15 $ 9 $ 88 $ 580 $ 279 $ 1,041 Greater than or equal to 80% to 100% 517 320 59 42 25 158 1,781 591 3,493 Less than 80% 2,909 1,636 513 773 660 3,754 6,433 2,876 19,554 Total home equity $ 3,434 $ 2,000 $ 590 $ 830 $ 694 $ 4,000 $ 8,794 $ 3,746 $ 24,088 Updated FICO scores Greater than or equal to 780 $ 2,019 $ 1,094 $ 311 $ 525 $ 449 $ 2,467 $ 5,382 $ 1,480 $ 13,727 720 to 779 1,028 558 153 181 145 777 2,137 941 5,920 660 to 719 334 273 86 84 66 402 985 625 2,855 Less than 660 52 74 39 39 33 345 277 620 1,479 No FICO score available 1 1 1 1 1 9 13 80 107 Total home equity $ 3,434 $ 2,000 $ 590 $ 830 $ 694 $ 4,000 $ 8,794 $ 3,746 $ 24,088 (a) LTV ratios, inclusive of CLTV for first lien and certain subordinate lien positions, in the BBVA loan portfolio are calculated on a quarterly basis utilizing the real estate collateral values available at origination. These calculations will be refreshed to update the property values of real estate collateral and calculate an updated current estimated LTV ratio upon conversion of bank systems, which is expected to occur in October 2021. See Note 4 Loans and Related Allowance for Credit Losses included in Item 8 of our 2020 Form 10-K for additional information on how current estimated LTV ratios are calculated in the PNC legacy portfolio. Automobile, Credit Card, Education and Other Consumer The following table presents credit quality indicators for the automobile, credit card, education and other consumer loan classes: Table 53: Credit Quality Indicators for Automobile, Credit Card, Education and Other Consumer Loan Classes Term Loans by Origination Year June 30, 2021 - In millions 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Loans Updated FICO Scores Automobile FICO score greater than or equal to 780 $ 2,077 $ 1,816 $ 1,765 $ 730 $ 345 $ 170 $ 6,903 720 to 779 1,035 1,304 1,404 697 304 128 4,872 660 to 719 428 827 1,080 606 241 91 3,273 Less than 660 134 380 766 599 243 109 2,231 No FICO score available or required (a) 214 33 14 7 3 1 272 Total automobile $ 3,888 $ 4,360 $ 5,029 $ 2,639 $ 1,136 $ 499 $ 17,551 Credit card FICO score greater than or equal to 780 $ 1,754 $ 3 $ 1,757 720 to 779 1,805 10 1,815 660 to 719 1,841 25 1,866 Less than 660 912 37 949 No FICO score available or required (a) 137 4 141 Total credit card $ 6,449 $ 79 $ 6,528 Education FICO score greater than or equal to 780 $ 9 $ 66 $ 86 $ 70 $ 55 $ 438 $ 724 720 to 779 5 31 40 32 23 182 313 660 to 719 2 9 12 12 7 81 123 Less than 660 1 2 2 2 29 36 No FICO score available or required (a) 3 11 9 5 2 1 31 Education loans using FICO credit metric 19 118 149 121 89 731 1,227 Other internal credit metrics 1,499 1,499 Total education $ 19 $ 118 $ 149 $ 121 $ 89 $ 2,230 $ 2,726 Other consumer FICO score greater than or equal to 780 $ 133 $ 218 $ 201 $ 78 $ 26 $ 45 $ 235 $ 7 $ 943 720 to 779 160 258 259 110 27 28 214 3 1,059 660 to 719 120 198 243 134 29 18 162 1 905 Less than 660 32 81 115 85 19 12 53 1 398 No FICO score available or required (a) 82 9 1 1 1 44 138 Other consumer loans using FICO credit metric 527 764 819 408 101 104 708 12 3,443 Other internal credit metrics 54 36 27 25 26 112 2,496 20 2,796 Total other consumer $ 581 $ 800 $ 846 $ 433 $ 127 $ 216 $ 3,204 $ 32 $ 6,239 Term Loans by Origination Year December 31, 2020 - In millions 2020 2019 2018 2017 2016 Prior Revolving Loans Revolving Loans Converted to Term Total Loans Updated FICO Scores Automobile FICO score greater than or equal to 780 $ 1,807 $ 1,915 $ 807 $ 452 $ 246 $ 58 $ 5,285 720 to 779 1,098 1,581 789 381 167 44 4,060 660 to 719 617 1,222 684 288 109 31 2,951 Less than 660 192 776 598 240 87 29 1,922 Total automobile $ 3,714 $ 5,494 $ 2,878 $ 1,361 $ 609 $ 162 $ 14,218 Credit card FICO score greater than or equal to 780 $ 1,635 $ 3 $ 1,638 720 to 779 1,724 11 1,735 660 to 719 1,765 26 1,791 Less than 660 902 51 953 No FICO score available or required (a) 94 4 98 Total credit card $ 6,120 $ 95 $ 6,215 Education FICO score greater than or equal to 780 $ 34 $ 90 $ 74 $ 59 $ 50 $ 428 $ 735 720 to 779 24 46 38 28 20 190 346 660 to 719 15 15 14 9 6 90 149 Less than 660 3 2 3 2 2 37 49 No FICO score available or required (a) 16 10 6 3 1 36 Education loans using FICO credit metric 92 163 135 101 78 746 1,315 Other internal credit metrics 1,631 1,631 Total education $ 92 $ 163 $ 135 $ 101 $ 78 $ 2,377 $ 2,946 Other consumer FICO score greater than or equal to 780 $ 162 $ 187 $ 63 $ 21 $ 5 $ 42 $ 86 $ 1 $ 567 720 to 779 197 247 82 22 5 22 123 698 660 to 719 127 210 81 17 3 14 117 1 570 Less than 660 28 86 41 9 2 8 53 1 228 Other consumer loans using FICO credit metric 514 730 267 69 15 86 379 3 2,063 Other internal credit metrics 67 33 37 26 60 75 2,334 3 2,635 Total other consumer $ 581 $ 763 $ 304 $ 95 $ 75 $ 161 $ 2,713 $ 6 $ 4,698 (a) Loans with no FICO score available or required generally refers to new accounts issued to borrowers with limited credit history, accounts for which we cannot obtain an updated FICO score (e.g., recent profile changes), cards issued with a business name and/or cards secured by collateral. Management proactively assesses the risk and size of this loan category and, when necessary, takes actions to mitigate the credit risk. Troubled Debt Restructurings Table 54 quantifies the number of loans that were classified as TDRs as well as the change in the loans’ balance as a result of becoming a TDR during the three and six months ended June 30, 2021 and June 30, 2020. Additionally, the table provides information about the types of TDR concessions. See Note 1 Accounting Policies and Note 4 Loans and Related Allowance for Credit Losses included in Item 8 of our 2020 Form 10-K for additional discussion of TDRs. Table 54: Financial Impact and TDRs by Concession Type (a) Pre-TDR Post-TDR Amortized Cost Basis (c) During the three months ended June 30, 2021 Number Principal Rate Other Total Commercial 11 $ 104 $ 82 $ 82 Consumer 1,386 23 $ 12 9 21 Total TDRs 1,397 $ 127 $ 12 $ 91 $ 103 During the six months ended June 30, 2021 Commercial 30 $ 197 $ 176 $ 176 Consumer 3,482 55 $ 28 21 49 Total TDRs 3,512 $ 252 $ 28 $ 197 $ 225 Pre-TDR Post-TDR Amortized Cost Basis (c) During the three months ended June 30, 2020 Number Principal Rate Other Total Commercial 29 $ 147 $ 33 $ 125 $ 158 Consumer 3,589 57 $ 19 35 54 Total TDRs 3,618 $ 204 $ 33 $ 19 $ 160 $ 212 During the six months ended June 30, 2020 Commercial 42 $ 209 $ 39 $ 162 $ 201 Consumer 7,156 93 $ 41 45 86 Total TDRs 7,198 $ 302 $ 39 $ 41 $ 207 $ 287 (a) Impact of partial charge-offs at TDR date is included in this table. (b) Represents the amortized cost basis of the loans as of the quarter end prior to TDR designation. (c) Represents the amortized cost basis of the TDRs as of the end of the quarter in which the TDR occurs. After a loan is determined to be a TDR, we continue to track its performance under its most recent restructured terms. We consider a TDR to have subsequently defaulted when it becomes 60 days past due after the most recent date the loan was restructured. The following table provides a summary of TDRs that subsequently defaulted during the periods presented and were classified as TDRs during the applicable 12-month period preceding June 30, 2021 and June 30, 2020: Table 55: Subsequently Defaulted TDRs In millions 2021 2020 Three months ended June 30 $ 14 $ 22 Six months ended June 30 $ 26 $ 37 Allowance for Credit Losses We maintain the ACL related to loans at levels that we believe to be appropriate to absorb expected credit losses in the portfolios as of the balance sheet date. See Note 1 Accounting Policies included in Item 8 of our 2020 Form 10-K for a discussion of the methodologies used to determine this allowance. A rollforward of the ACL related to loans follows: Table 56: Rollforward of Allowance for Credit Losses Three months ended June 30 Six months ended June 30 2021 2020 2021 2020 In millions Commercial Consumer Total Commercial Consumer Total Commercial Consumer Total Commercial Consumer Total Allowance for loan and lease losses Beginning balance $ 3,083 $ 1,631 $ 4,714 $ 1,979 $ 1,965 $ 3,944 $ 3,337 $ 2,024 $ 5,361 $ 1,812 $ 930 $ 2,742 Adoption of ASU 2016-13 (a) (304) 767 463 Beginning balance, adjusted 3,083 1,631 4,714 1,979 1,965 3,944 3,337 2,024 5,361 1,508 1,697 3,205 Acquisition PCD reserves 828 287 1,115 828 287 1,115 Charge-offs (274) (154) (428) (122) (192) (314) (343) (328) (671) (205) (413) (618) Recoveries 34 88 122 15 63 78 52 167 219 39 131 170 Net (charge-offs) (b) (240) (66) (306) (107) (129) (236) (291) (161) (452) (166) (282) (448) Provision for (recapture of) credit 140 66 206 1,508 712 2,220 (64) (232) (296) 2,039 1,133 3,172 Other 1 1 2 2 (1) (1) Ending balance $ 3,812 $ 1,918 $ 5,730 $ 3,380 $ 2,548 $ 5,928 $ 3,812 $ 1,918 $ 5,730 $ 3,380 $ 2,548 $ 5,928 Allowance for unfunded lending related commitments (c) Beginning balance $ 403 $ 104 $ 507 $ 344 $ 106 $ 450 $ 485 $ 99 $ 584 $ 316 $ 2 $ 318 Adoption of ASU 2016-13 (a) 53 126 179 Beginning balance, adjusted 403 104 507 344 106 450 485 99 584 369 128 497 Acquisition PCD reserves 43 3 46 43 3 46 Provision for (recapture of) credit 87 5 92 204 8 212 5 10 15 179 (14) 165 Ending balance $ 533 $ 112 $ 645 $ 548 $ 114 $ 662 $ 533 $ 112 $ 645 $ 548 $ 114 $ 662 Allowance for credit losses at June 30 (d) $ 4,345 $ 2,030 $ 6,375 $ 3,928 $ 2,662 $ 6,590 $ 4,345 $ 2,030 $ 6,375 $ 3,928 $ 2,662 $ 6,590 (a) Represents the impact of adopting ASU 2016-13, Financial Instruments - Credit Losses on January 1, 2020 and our transition from an incurred loss methodology for our reserves to an expected credit loss methodology. (b) Amounts for the three and six months ended June 30, 2021 included $248 million attributable to BBVA, which primarily represents the charge-off of certain loans previously charged-off by BBVA, which were written up upon acquisition to unpaid principal balance as required by purchase accounting. (c) See Note 8 Commitments for additional information about the underlying commitments related to this allowance. (d) Represents the ALLL plus allowance for unfunded lending related commitments and excludes allowances for investment securities and other financial assets, which together totaled $138 million and $51 million at June 30, 2021 and June 30, 2020, respectively. The ACL at June 30, 2021 totaled $6.4 billion, a $0.4 billion increase compared to December 31, 2020. This increase was primarily attributable to the addition of reserves related to the BBVA acquisition, partially offset by portfolio changes and an improved economic outlook. The following summarizes the changes in these factors that influenced the current ACL: • We acquired BBVA on June 1, 2021. The initial provision for credit losses related to this acquisition along with the impact of fair value purchase accounting was incorporated into reserves in the current period. • Portfolio changes that drove reserve declines at June 30, 2021 reflected improvements in credit quality along with decreases in loan balances across our legacy portfolio due to lower utilization of loan commitments by commercial customers and paydowns in the consumer portfolio.

Loan Sale and Servicing Activit

Loan Sale and Servicing Activities and Variable Interest Entities	6 Months Ended
	Jun. 30, 2021
Loan Sale and Servicing Activities and Variable Interest Entities [Abstract]
Loan Sale and Servicing Activities and Variable Interest Entities	L OAN S ALE AND S ERVICING A CTIVITIES AND V ARIABLE I NTEREST E NTITIES Loan Sale and Servicing Activities As more fully described in Note 5 Loan Sale and Servicing Activities and Variable Interest Entities in Item 8 of our 2020 Form 10-K, we have transferred residential and commercial mortgage loans in securitization or sales transactions in which we have continuing involvement. Our continuing involvement generally consists of servicing, repurchasing previously transferred loans under certain conditions and loss share arrangements, and, in limited circumstances, holding of mortgage-backed securities issued by the securitization SPEs. We earn servicing and other ancillary fees for our role as servicer and, depending on the contractual terms of the servicing arrangement, we can be terminated as servicer with or without cause. At the consummation date of each type of loan transfer where we retain the servicing, we recognize a servicing right at fair value. See Note 8 Commitments and Note 11 Fair Value for information on our servicing rights, including the carrying value of servicing assets. The following table provides cash flows associated with our loan sale and servicing activities: Table 57: Cash Flows Associated with Loan Sale and Servicing Activities In millions Residential Commercial Cash Flows - Three months ended June 30, 2021 Sales of loans (b) $ 2,283 $ 735 Repurchases of previously transferred loans (c) $ 51 $ 9 Servicing fees (d) $ 83 $ 38 Servicing advances recovered/(funded), net $ (5) $ (26) Cash flows on mortgage-backed securities held (e) $ 2,660 $ 19 Cash Flows - Three months ended June 30, 2020 Sales of loans (b) $ 2,195 $ 1,334 Repurchases of previously transferred loans (c) $ 100 $ 10 Servicing fees (d) $ 81 $ 31 Servicing advances recovered/(funded), net $ 7 $ (140) Cash flows on mortgage-backed securities held (e) $ 2,184 $ 14 Cash Flows - Six months ended June 30, 2021 Sales of loans (b) $ 3,522 $ 1,723 Repurchases of previously transferred loans (c) $ 144 $ 42 Servicing fees (d) $ 165 $ 76 Servicing advances recovered/(funded), net $ 12 $ (36) Cash flows on mortgage-backed securities held (e) $ 5,215 $ 48 Cash Flows - Six months ended June 30, 2020 Sales of loans (b) $ 3,529 $ 1,827 Repurchases of previously transferred loans (c) $ 195 $ 25 Servicing fees (d) $ 166 $ 64 Servicing advances recovered/(funded), net $ 19 $ (128) Cash flows on mortgage-backed securities held (e) $ 3,545 $ 51 (a) Represents cash flow information associated with both commercial mortgage loan transfers and servicing activities. (b) Gains/losses recognized on sales of loans were insignificant for the periods presented. (c) Includes both residential and commercial mortgage government insured or guaranteed loans eligible for repurchase through the exercise of our ROAP option, as well as residential mortgage loans repurchased due to alleged breaches of origination covenants or representations and warranties made to purchasers. (d) Includes contractually specified servicing fees, late charges and ancillary fees. (e) Represents cash flows on securities where we transferred to and/or service loans for a securitization SPE and we hold securities issued by that SPE. The carrying values of such securities held were $17.5 billion, $16.5 billion and $22.4 billion in residential mortgage-backed securities and $0.7 billion, $0.8 billion, and $0.9 billion in commercial mortgage-backed securities at June 30, 2021, December 31, 2020 and June 30, 2020. Table 58 presents information about the principal balances of transferred loans that we service and are not recorded on our Consolidated Balance Sheet. We would only experience a loss on these transferred loans if we were required to repurchase a loan, where the repurchase price exceeded the loan's fair value, due to a breach in representations and warranties or a loss sharing arrangement associated with our continuing involvement with these loans. The estimate of losses related to breaches in representations and warranties was insignificant at June 30, 2021. Table 58: Principal Balance, Delinquent Loans and Net Charge-offs Related to Serviced Loans For Others In millions Residential Mortgages Commercial Mortgages (a) June 30, 2021 Total principal balance $ 44,345 $ 41,036 Delinquent loans (b) $ 548 $ 62 December 31, 2020 Total principal balance $ 43,351 $ 40,790 Delinquent loans (b) $ 453 $ 136 Three months ended June 30, 2021 Net charge-offs (c) $ 1 $ 25 Three months ended June 30, 2020 Net charge-offs (c) $ 2 Six months ended June 30, 2021 Net charge-offs (c) $ 3 $ 178 Six months ended June 30, 2020 Net charge-offs (c) $ 10 $ 99 (a) Represents information at the securitization level in which we have sold loans and we are the servicer for the securitization. (b) Serviced delinquent loans are 90 days or more past due or are in process of foreclosure. (c) Net charge-offs for Residential mortgages represent credit losses less recoveries distributed and as reported to investors during the period. Net charge-offs for Commercial mortgages represent credit losses less recoveries distributed and as reported by the trustee for commercial mortgage-backed securitizations. Realized losses for Agency securitizations are not reflected as we do not manage the underlying real estate upon foreclosure and, as such, do not have access to loss information. Variable Interest Entities (VIEs) As discussed in Note 5 Loan Sale and Servicing Activities and Variable Interest Entities in Item 8 of our 2020 Form 10-K, we are involved with various entities in the normal course of business that are deemed to be VIEs. The following table provides a summary of non-consolidated VIEs with which we have significant continuing involvement but are not the primary beneficiary. We have excluded certain transactions with non-consolidated VIEs from the balances presented in Table 59 where we have determined that our continuing involvement is not significant. We do not consider our continuing involvement to be significant when it relates to a VIE where we only invest in securities issued by the VIE and were not involved in the design of the VIE or where no transfers have occurred between us and the VIE. In addition, where we only have lending arrangements in the normal course of business with entities that could be VIEs, we have excluded these transactions with non-consolidated entities from the balances presented in Table 59. These loans are included as part of the asset quality disclosures that we make in Note 4 Loans and Related Allowance for Credit Losses. Table 59: Non-Consolidated VIEs In millions PNC Risk of Loss (a) Carrying Value of Assets Carrying Value of Liabilities June 30, 2021 Mortgage-backed securitizations (b) $ 18,849 $ 18,849 (c) $ 1 Tax credit investments and other 3,813 3,891 (d) 1,787 (e) Total $ 22,662 $ 22,740 $ 1,788 December 31, 2020 Mortgage-backed securitizations (b) $ 18,207 $ 18,207 (c) $ 1 Tax credit investments and other 3,121 2,894 (d) 1,198 (e) Total $ 21,328 $ 21,101 $ 1,199 (a) Represents loans, investments and other assets related to non-consolidated VIEs, net of collateral (if applicable). The risk of loss excludes any potential tax recapture associated with tax credit investments. (b) Amounts reflect involvement with securitization SPEs where we transferred to and/or service loans for an SPE and we hold securities issued by that SPE. Values disclosed in the PNC Risk of Loss column represent our maximum exposure to loss for those securities’ holdings. (c) Included in Investment securities, Mortgage servicing rights and Other assets on our Consolidated Balance Sheet. (d) Included in Investment securities, Loans, Equity investments and Other assets on our Consolidated Balance Sheet. (e) Included in Deposits and Other liabilities on our Consolidated Balance Sheet. We make certain equity investments in various tax credit limited partnerships or LLCs. The purpose of these investments is to achieve a satisfactory return on capital and to assist us in achieving goals associated with the CRA. Within Income taxes, during both the six months ended June 30, 2021 and June 30, 2020, we recognized $0.1 billion or less of amortization, tax credits and other tax benefits associated with qualified investments in low income housing tax credits.

Goodwill and Mortgage Servicing

Goodwill and Mortgage Servicing Rights	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Mortgage Servicing Rights	G OODWILL AND M ORTGAGE S ERVICING R IGHTS Allocations of Goodwill by business segment during 2021 and 2020 follow: Table 60: Goodwill by Business Segment In millions Retail Banking Corporate & Institutional Banking Asset Management Group Total June 30, 2021 (a) $ 6,493 $ 4,274 $ 191 $ 10,958 December 31, 2020 $ 5,795 $ 3,374 $ 64 $ 9,233 (a) Includes $1.6 billion of goodwill from the BBVA acquisition. Goodwill increased during the six months ended June 30, 2021 primarily as a result of the acquisition of BBVA. Goodwill was recorded and allocated to each segment on a preliminary basis and is subject to change based on new information obtained related to the close date or reallocation of assets and liabilities to each segment. See Note 2 Acquisition and Divestiture Activities for additional information. We review goodwill in each of our reporting units for impairment at least annually, in the fourth quarter, or more frequently if events occur or circumstances have changed significantly from the annual test date. Based on the results of our analysis, there were no impairment charges related to goodwill in the first six months of 2021 or in 2020. Mortgage Servicing Rights We recognize the right to service mortgage loans for others as an intangible asset when the servicing income we receive is more than our projected servicing costs. MSRs are purchased or originated when loans are sold with servicing retained. MSRs totaled $1.8 billion and $1.2 billion at June 30, 2021 and December 31, 2020, respectively, and consisted of loan servicing contracts for commercial and residential mortgages measured at fair value. MSRs are subject to declines in value from actual or expected prepayment of the underlying loans and defaults, as well as market driven changes in interest rates. We manage this risk by economically hedging the fair value of MSRs with securities and derivative instruments which are expected to increase (or decrease) in value when the value of MSRs decreases (or increases). See the Sensitivity Analysis section of this Note 6 for more detail on our fair value measurement of MSRs. See Note 15 Fair Value and Note 6 Goodwill and Mortgage Servicing Rights in the Notes to Consolidated Financial Statements included in Item 8 of our 2020 Form 10-K for more detail on our fair value measurement and our accounting of MSRs. Changes in the commercial and residential MSRs follow: Table 61: Mortgage Servicing Rights Commercial MSRs Residential MSRs In millions 2021 2020 2021 2020 January 1 $ 569 $ 649 $ 673 $ 995 Additions: BBVA Acquisition 35 From loans sold with servicing retained 39 45 37 22 Purchases 21 23 372 61 Changes in fair value due to: Time and payoffs (a) (57) (61) (160) (82) Other (b) 110 (166) 154 (419) June 30 $ 682 $ 490 $ 1,111 $ 577 Related unpaid principal balance at June 30 $ 262,856 $ 228,985 $ 145,312 $ 122,043 Servicing advances at June 30 $ 473 $ 285 $ 134 $ 92 (a) Represents decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period. (b) Represents MSR value changes resulting primarily from market-driven changes in interest rates. Sensitivity Analysis The fair value of commercial and residential MSRs and significant inputs to the valuation models as of June 30, 2021 and December 31, 2020 are shown in Tables 62 and 63. The expected and actual rates of mortgage loan prepayments are significant factors driving the fair value. Management uses both internal proprietary models and a third-party model to estimate future commercial mortgage loan prepayments and a third-party model to estimate future residential mortgage loan prepayments. These models have been refined based on current market conditions and management judgment. Future interest rates are another important factor in the valuation of MSRs. Management utilizes market implied forward interest rates to estimate the future direction of mortgage and discount rates. The forward rates utilized are derived from the current yield curve for U.S. dollar interest rate swaps and are consistent with pricing of capital markets instruments. Changes in the shape and slope of the forward curve in future periods may result in volatility in the fair value estimate. A sensitivity analysis of the hypothetical effect on the fair value of MSRs to adverse changes in key assumptions is presented in Tables 62 and 63. These sensitivities do not include the impact of the related hedging activities. Changes in fair value generally cannot be extrapolated because the relationship of the change in the assumption to the change in fair value may not be linear. Also, the effect of a variation in a particular assumption on the fair value of the MSRs is calculated independently without changing any other assumption. In reality, changes in one factor may result in changes in another ( e.g. , changes in mortgage interest rates, which drive changes in prepayment rate estimates, could result in changes in the interest rate spread), which could either magnify or counteract the sensitivities. The following tables set forth the fair value of commercial and residential MSRs and the sensitivity analysis of the hypothetical effect on the fair value of MSRs to immediate adverse changes of 10% and 20% in those assumptions. Table 62: Commercial Mortgage Servicing Rights – Key Valuation Assumptions Dollars in millions June 30 December 31 Fair value $ 682 $ 569 Weighted-average life (years) 4.5 4.4 Weighted-average constant prepayment rate 5.20 % 4.87 % Decline in fair value from 10% adverse change $ 11 $ 9 Decline in fair value from 20% adverse change $ 20 $ 18 Effective discount rate 7.56 % 7.33 % Decline in fair value from 10% adverse change $ 19 $ 15 Decline in fair value from 20% adverse change $ 39 $ 31 Table 63: Residential Mortgage Servicing Rights – Key Valuation Assumptions Dollars in millions June 30 December 31 Fair value $ 1,111 $ 673 Weighted-average life (years) 5.5 3.8 Weighted-average constant prepayment rate 12.88 % 21.13 % Decline in fair value from 10% adverse change $ 49 $ 41 Decline in fair value from 20% adverse change $ 100 $ 82 Weighted-average option adjusted spread 881 bps 922 bps Decline in fair value from 10% adverse change $ 35 $ 20 Decline in fair value from 20% adverse change $ 68 $ 38 Fees from mortgage loan servicing, which includes contractually specified servicing fees, late fees and ancillary fees were $0.1 billion for the three months ended June 30, 2021 and 2020 and $0.2 billion for the six months ended June 30, 2021 and 2020. We also generate servicing fees from fee-based activities provided to others for which we do not have an associated servicing asset. Fees from commercial and residential MSRs are reported within Noninterest income on our Consolidated Income Statement in Corporate services and Residential mortgage, respectively.

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Leases	L EASES Table 64: Lessor Income Three months ended Six months ended In millions 2021 2020 2021 2020 Product Sales-type leases and direct financing leases (a) $ 61 $ 70 $ 123 $ 141 Operating leases (b) 20 25 40 52 Lessor income $ 81 $ 95 $ 163 $ 193 (a) Included in Loan interest income on the Consolidated Income Statement. (b) Included in Corporate services on the Consolidated Income Statement.
Leases	L EASES Table 64: Lessor Income Three months ended Six months ended In millions 2021 2020 2021 2020 Product Sales-type leases and direct financing leases (a) $ 61 $ 70 $ 123 $ 141 Operating leases (b) 20 25 40 52 Lessor income $ 81 $ 95 $ 163 $ 193 (a) Included in Loan interest income on the Consolidated Income Statement. (b) Included in Corporate services on the Consolidated Income Statement.

Commitments

Commitments	6 Months Ended
	Jun. 30, 2021
Commitments and Guarantees [Abstract]
Commitments	COMMITMENTSIn the normal course of business, we have various commitments outstanding, certain of which are not included on our Consolidated Balance Sheet. The following table presents our outstanding commitments to extend credit along with other commitments as of June 30, 2021 and December 31, 2020, respectively.Table 65: Commitments to Extend Credit and Other Commitments In millions June 30 December 31 Commitments to extend credit Commercial $ 176,396 $ 153,089 Home equity lines of credit 19,301 16,626 Credit card 35,092 31,019 Other 10,645 7,087 Total commitments to extend credit (a) 241,434 207,821 Net outstanding standby letters of credit (b) 9,803 9,053 Standby bond purchase agreements (c) 1,516 1,448 Other commitments (d) 3,064 2,046 Total commitments to extend credit and other commitments $ 255,817 $ 220,368 (a) Includes $28.3 billion from BBVA at June 30, 2021. (b) Net outstanding standby letters of credit include $3.7 billion and $3.8 billion at June 30, 2021 and December 31, 2020, respectively, which support remarketing programs. (c) We enter into standby bond purchase agreements to support municipal bond obligations. (d) Includes $1.5 billion and $1.1 billion related to investments in qualified affordable housing projects for June 30, 2021 and December 31, 2020, respectively. Commitments to Extend Credit Commitments to extend credit, or net unfunded loan commitments, represent arrangements to lend funds or provide liquidity subject to specified contractual conditions. These commitments generally have fixed expiration dates, may require payment of a fee, and generally contain termination clauses in the event the customer’s credit quality deteriorates. Net Outstanding Standby Letters of Credit We issue standby letters of credit and share in the risk of standby letters of credit issued by other financial institutions, in each case to support obligations of our customers to third parties, such as insurance requirements and the facilitation of transactions involving capital markets product execution. Approximately 96% of our net outstanding standby letters of credit were rated as Pass as of June 30, 2021, with the remainder rated as Criticized. An internal credit rating of Pass indicates the expected risk of loss is currently low, while a rating of Criticized indicates a higher degree of risk. If the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program, then upon a draw by a beneficiary, subject to the terms of the letter of credit, we would be obligated to make payment to them. The standby letters of credit outstanding on June 30, 2021 had terms ranging from less than one year to eight years. As of June 30, 2021, assets of $1.4 billion secured certain specifically identified standby letters of credit. In addition, a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers’ other obligations to us. The carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $0.1 billion at June 30, 2021 and is included in Other liabilities on our Consolidated Balance Sheet.

Total Equity and Other Comprehe

Total Equity and Other Comprehensive Income	6 Months Ended
	Jun. 30, 2021
Other Comprehensive Income [Abstract]
Total Equity and Other Comprehensive Income Disclosure	T OTAL E QUITY A ND O THER C OMPREHENSIVE I NCOME Table 66: Rollforward of Total Equity Shareholders’ Equity In millions Shares Common Capital Capital Retained Accumulated Treasury Non- Total Equity Three months ended Balance at March 31, 2020 (a) 424 $ 2,712 $ 3,994 $ 12,294 $ 41,885 $ 2,518 $ (14,140) $ 27 $ 49,290 Net income 3,648 7 3,655 Other comprehensive income, net of tax 551 551 Cash dividends declared - Common (491) (491) Cash dividends declared - Preferred (55) (55) Preferred stock discount accretion 1 (1) Common stock activity 11 11 Treasury stock activity 1 2 12 14 Other (18) (9) (27) Balance at June 30, 2020 (a) 425 $ 2,712 $ 3,995 $ 12,289 $ 44,986 $ 3,069 $ (14,128) $ 25 $ 52,948 Balance at March 31, 2021 (a) 425 $ 2,713 $ 3,518 $ 12,361 $ 48,113 $ 1,290 $ (14,146) $ 30 $ 53,879 Net income 1,091 12 1,103 Other comprehensive income, net of tax 173 173 Cash dividends declared - Common (492) (492) Cash dividends declared - Preferred (48) (48) Preferred stock discount accretion 1 (1) Common stock activity 12 12 Treasury stock activity 4 6 10 Other 32 16 48 Balance at June 30, 2021 (a) 425 $ 2,713 $ 3,519 $ 12,409 $ 48,663 $ 1,463 $ (14,140) $ 58 $ 54,685 Six months ended Balance at December 31, 2019 (a) 433 $ 2,712 $ 3,993 $ 12,376 $ 42,215 $ 799 $ (12,781) $ 29 $ 49,343 Cumulative effect of ASU 2016-13 adoption (b) (671) (671) Balance at January 1, 2020 (a) 433 $ 2,712 $ 3,993 $ 12,376 $ 41,544 $ 799 $ (12,781) $ 29 $ 48,672 Net income 4,556 14 4,570 Other comprehensive income (loss), net of tax 2,270 2,270 Cash dividends declared - Common (994) (994) Cash dividends declared - Preferred (118) (118) Preferred stock discount accretion 2 (2) Common stock activity 11 11 Treasury stock activity (8) 51 (1,347) (1,296) Other (149) (18) (167) Balance at June 30, 2020 (a) 425 $ 2,712 $ 3,995 $ 12,289 $ 44,986 $ 3,069 $ (14,128) $ 25 $ 52,948 Balance at December 31, 2020 (a) 424 $ 2,713 $ 3,517 $ 12,367 $ 46,848 $ 2,770 $ (14,205) $ 31 $ 54,041 Net income 2,907 22 2,929 Other comprehensive income, net of tax (1,307) (1,307) Cash dividends declared - Common (985) (985) Cash dividends declared - Preferred (105) (105) Preferred stock discount accretion 2 (2) Common stock activity 12 12 Treasury stock activity 1 73 65 138 Other (43) 5 (38) Balance at June 30, 2021 (a) 425 $ 2,713 $ 3,519 $ 12,409 $ 48,663 $ 1,463 $ (14,140) $ 58 $ 54,685 (a) The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation. (b) Represents the cumulative effect of adopting ASU 2016-13 - Financial Instruments - Credit Losses . Details of other comprehensive income (loss) are as follows: Table 67: Other Comprehensive Income (Loss) Three months ended June 30 Six months ended June 30 2021 2020 2021 2020 In millions Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Debt securities Net unrealized gains (losses) on securities $ 55 $ (13) $ 42 $ 579 $ (134) $ 445 $ (1,126) $ 265 $ (861) $ 2,241 $ (515) $ 1,726 Less: Net realized gains (losses) reclassified to 9 (2) 7 41 (9) 32 22 (5) 17 223 (51) 172 Net change 46 (11) 35 538 (125) 413 (1,148) 270 (878) 2,018 (464) 1,554 Cash flow hedge derivatives Net unrealized gains (losses) on cash flow 330 (78) 252 115 (27) 88 (310) 73 (237) 945 (217) 728 Less: Net realized gains (losses) reclassified to 108 (25) 83 103 (24) 79 243 (57) 186 148 (34) 114 Net change 222 (53) 169 12 (3) 9 (553) 130 (423) 797 (183) 614 Pension and other postretirement benefit Net pension and other postretirement benefit (43) 10 (33) (17) 4 (13) (13) 3 (10) (5) 1 (4) Net change (43) 10 (33) (17) 4 (13) (13) 3 (10) (5) 1 (4) Other Net unrealized gains (losses) on other transactions 2 2 2 (1) 1 1 3 4 10 (19) (9) Net change 2 2 2 (1) 1 1 3 4 10 (19) (9) Total other comprehensive income (loss) from 225 (52) 173 535 (125) 410 (1,713) 406 (1,307) 2,820 (665) 2,155 Total other comprehensive income (loss) from 182 (41) 141 148 (33) 115 Total other comprehensive income (loss) $ 225 $ (52) $ 173 $ 717 $ (166) $ 551 $ (1,713) $ 406 $ (1,307) $ 2,968 $ (698) $ 2,270 (a) Reclassifications for pre-tax debt securities and cash flow hedges are recorded in interest income and noninterest income on the Consolidated Income Statement. (b) Reclassifications include amortization of actuarial losses (gains) and amortization of prior period services costs (credits) which are recorded in noninterest expense on the Consolidated Income Statement. Table 68: Accumulated Other Comprehensive Income (Loss) Components In millions, after-tax Debt securities Cash flow hedge derivatives Pension and other postretirement benefit plan adjustments Other Accumulated other Comprehensive Income from Continuing Operations Accumulated other Comprehensive Income from Discontinued Operations Total Three months ended Balance at March 31, 2020 $ 2,208 $ 881 $ (399) $ (31) $ 2,659 $ (141) $ 2,518 Net activity 413 9 (13) 1 410 141 551 Balance at June 30, 2020 $ 2,621 $ 890 $ (412) $ (30) $ 3,069 $ 3,069 Balance at March 31, 2021 $ 1,549 $ 67 $ (322) $ (4) $ 1,290 $ 1,290 Net activity 35 169 (33) 2 173 173 Balance at June 30, 2021 $ 1,584 $ 236 $ (355) $ (2) $ 1,463 $ 1,463 Six months ended Balance at December 31, 2019 $ 1,067 $ 276 $ (408) $ (21) $ 914 $ (115) $ 799 Net activity 1,554 614 (4) (9) 2,155 115 2,270 Balance at June 30, 2020 $ 2,621 $ 890 $ (412) $ (30) $ 3,069 $ 3,069 Balance at December 31, 2020 $ 2,462 $ 659 $ (345) $ (6) $ 2,770 $ 2,770 Net activity (878) (423) (10) 4 (1,307) (1,307) Balance at June 30, 2021 $ 1,584 $ 236 $ (355) $ (2) $ 1,463 $ 1,463 The following table provides the dividends per share for PNC's common and preferred stock: Table 69: Dividends Per Share (a) Three months ended June 30 Six months ended June 30 2021 2020 2021 2020 Common Stock $ 1.15 $ 1.15 $ 2.30 $ 2.30 Preferred Stock Series B $ 0.45 $ 0.45 $ 0.90 $ 0.90 Series O $ 3,375 $ 3,375 Series P $ 1,532 $ 1,532 $ 3,063 $ 3,063 Series Q (b) $ 1,344 $ 2,688 Series R $ 2,425 $ 2,425 $ 2,425 $ 2,425 Series S $ 2,500 $ 2,500 $ 2,500 $ 2,500 (a) Dividends are payable quarterly other than Series O, Series R and Series S preferred stock, which are payable semiannually, with the Series O payable in different quarters from the Series R and Series S preferred stock. Beginning on August 1, dividends will be paid on the Series O on a quarterly basis (February 1, May 1, August 1, and November 1 of each year). (b) On September 1, 2020, PNC redeemed all 4,800 shares of its Series Q Preferred Stock, as well as all 19.2 million Depositary Shares representing fractional interest in such shares. On July 1, 2021, the PNC Board of Directors raised the quarterly cash dividend on common stock to $1.25 per share, an increase of 10 cents per share, or 9%, effective with the August 5, 2021 dividend payment.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings per Share	E ARNINGS P ER S HARE Table 70: Basic and Diluted Earnings Per Common Share Three months ended Six months ended In millions, except per share data 2021 2020 2021 2020 Basic Net income (loss) from continuing operations $ 1,103 $ (744) $ 2,929 $ 15 Less: Net income attributable to noncontrolling interests 12 7 22 14 Preferred stock dividends 48 55 105 118 Preferred stock discount accretion and redemptions 1 1 2 2 Net income (loss) from continuing operations attributable to common shareholders 1,042 (807) 2,800 (119) Less: Dividends and undistributed earnings allocated to nonvested restricted shares 5 1 13 4 Net income (loss) from continuing operations attributable to basic common shareholders $ 1,037 $ (808) $ 2,787 $ (123) Net income from discontinued operations attributable to common shareholders $ 4,399 $ 4,555 Less: Undistributed earnings allocated to nonvested restricted shares 21 22 Net income from discontinued operations attributable to basic common shareholders $ 4,378 $ 4,533 Basic weighted-average common shares outstanding 427 426 426 428 Basic earnings (loss) per common share from continuing operations (a) $ 2.43 $ (1.90) $ 6.54 $ (0.29) Basic earnings per common share from discontinued operations (a) $ 10.28 $ 10.60 Basic earnings per common share (b) $ 2.43 $ 8.40 $ 6.54 $ 10.33 Diluted Net income (loss) from continuing operations attributable to diluted common shareholders $ 1,037 $ (808) $ 2,787 $ (123) Net income from discontinued operations attributable to basic common shareholders $ 4,378 $ 4,533 Less: Impact of earnings per share dilution from discontinued operations 1 2 Net income from discontinued operations attributable to diluted common shareholders $ 4,377 $ 4,531 Basic weighted-average common shares outstanding 427 426 426 428 Dilutive potential common shares (c) 1 Diluted weighted-average common shares outstanding 427 426 427 428 Diluted earnings (loss) per common share from continuing operations (a) $ 2.43 $ (1.90) $ 6.53 $ (0.29) Diluted earnings per common share from discontinued operations (a) $ 10.28 $ 10.59 Diluted earnings per common share (b) $ 2.43 $ 8.40 $ 6.53 $ 10.32 (a) Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities). (b) For additional information on our policy for not allocating losses to participating securities, see the Earnings Per Common Share section of Note 1 Accounting Policies included in Item 8 of our 2020 Form 10-K.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2021
Fair Value [Abstract]
Fair Value	F AIR V ALUE Fair Value Measurement We measure certain financial assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset or the price that would be paid to transfer a liability on the measurement date, and is determined using an exit price in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The fair value hierarchy established by GAAP requires us to maximize the use of observable inputs when measuring fair value. For more information regarding the fair value hierarchy, see Note 15 Fair Value in Item 8 of our 2020 Form 10-K. Additionally, for more information regarding the fair value of assets and liabilities from our BBVA acquisition, see Note 2 Acquisition and Divestiture Activity in this Report. Assets and Liabilities Measured at Fair Value on a Recurring Basis For more information on the valuation methodologies used to measure assets and liabilities at fair value on a recurring basis, see Note 15 Fair Value in Item 8 of our 2020 Form 10-K. The following table summarizes our assets and liabilities measured at fair value on a recurring basis, including instruments for which we have elected the fair value option. Table 71: Fair Value Measurements – Recurring Basis Summary June 30, 2021 December 31, 2020 In millions Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Residential mortgage loans held for sale $ 1,385 $ 119 $ 1,504 $ 691 $ 163 $ 854 Commercial mortgage loans held for sale 165 52 217 305 57 362 Other consumer loans held for sale 239 239 Securities available for sale U.S. Treasury and government agencies $ 34,627 4,384 39,011 $ 16,675 4,036 20,711 Residential mortgage-backed Agency 67,314 67,314 48,911 48,911 Non-agency 86 1,237 1,323 136 1,365 1,501 Commercial mortgage-backed Agency 2,331 2,331 2,688 2,688 Non-agency 4,068 11 4,079 3,678 11 3,689 Asset-backed 5,522 175 5,697 4,951 199 5,150 Other 5,230 73 5,303 4,636 72 4,708 Total securities available for sale 34,627 88,935 1,496 125,058 16,675 69,036 1,647 87,358 Loans 748 979 1,727 718 647 1,365 Equity investments (a) 922 1,540 2,697 1,070 1,263 2,629 Residential mortgage servicing rights 1,111 1,111 673 673 Commercial mortgage servicing rights 682 682 569 569 Trading securities (b) 621 1,208 1,829 548 1,690 2,238 Financial derivatives (b) (c) 3 6,357 87 6,447 6,415 118 6,533 Other assets 450 104 554 373 81 454 Total assets (d) $ 36,623 $ 98,902 $ 6,305 $ 142,065 $ 18,666 $ 78,936 $ 5,137 $ 103,035 Liabilities Other borrowed funds $ 732 $ 76 $ 2 $ 810 $ 661 $ 44 $ 2 $ 707 Financial derivatives (c) (e) 3,519 200 3,719 2,483 273 2,756 Other liabilities 124 124 43 43 Total liabilities (f) $ 732 $ 3,595 $ 326 $ 4,653 $ 661 $ 2,527 $ 318 $ 3,506 (a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. (b) Included in Other assets on the Consolidated Balance Sheet. (c) Amounts at June 30, 2021 and December 31, 2020 are presented gross and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty. See Note 12 Financial Derivatives for additional information related to derivative offsetting. (d) Total assets at fair value as a percentage of total consolidated assets was 26% and 22% as of June 30, 2021 and December 31, 2020, respectively. Level 3 assets as a percentage of total assets at fair value was 4% and 5% at June 30, 2021 and December 31, 2020, respectively. Level 3 assets as a percentage of total consolidated assets was 1% at both June 30, 2021 and December 31, 2020. (e) Included in Other liabilities on the Consolidated Balance Sheet. (f) Total liabilities at fair value as a percentage of total consolidated liabilities was 1% at both June 30, 2021 and December 31, 2020. Level 3 liabilities as a percentage of total liabilities at fair value was 7% and 9% as of June 30, 2021 and December 31, 2020, respectively. Level 3 liabilities as a percentage of total consolidated liabilities was less than 1% at both June 30, 2021 and December 31, 2020. Table 72: Reconciliation of Level 3 Assets and Liabilities Three Months Ended June 30, 2021 Total realized / unrealized Unrealized Level 3 Instruments Only Fair Value Mar. 31, 2021 Included in Included Purchases Sales Issuances Settlements Transfers Transfers Impact from BBVA Acquisition Fair Assets Residential mortgage $ 165 $ (1) $ 3 $ (36) $ (12) $ 5 $ (5) (e) $ 119 Commercial mortgage 56 1 (6) 1 52 Other consumer loans $ 239 239 Securities available for sale Residential mortgage- 1,316 11 (90) 1,237 Commercial mortgage- 11 11 Asset-backed 194 $ 2 (21) 175 Other 72 1 2 (2) 73 Total securities 1,593 11 3 2 (113) 1,496 Loans 711 10 9 (3) (35) (5) (e) 292 979 $ 10 Equity investments 1,343 157 92 (52) 1,540 136 Residential mortgage 979 (141) 301 $ 24 (87) 35 1,111 (141) Commercial mortgage 701 (19) 8 21 (29) 682 (18) Financial derivatives 63 60 2 (43) 5 87 57 Total assets $ 5,611 $ 78 $ 3 $ 417 $ (97) $ 45 $ (318) $ 5 $ (10) $ 571 $ 6,305 $ 44 Liabilities Other borrowed funds $ 2 $ 2 Financial derivatives 227 $ 4 $ 1 $ (39) $ 7 200 $ 19 Other liabilities 73 28 $ 287 (264) 124 27 Total liabilities $ 302 $ 32 $ 1 $ 287 $ (303) $ 7 $ 326 $ 46 Net gains (losses) $ 46 (f) $ (2) (g) Three Months Ended June 30, 2020 Total realized / unrealized Unrealized gains/losses on assets and liabilities held on Consolidated Balance Sheet at June 30, 2020 Level 3 Instruments Only Fair Value Mar. 31, 2020 Included in Earnings Included in Other comprehensive income (b) Purchases Sales Issuances Settlements Transfers into Level 3 Transfers out of Level 3 Fair Value June 30, 2020 Assets Residential mortgage loans $ 4 $ 5 $ (1) $ (3) $ 83 $ 88 Commercial mortgage 60 60 Securities available for sale Residential mortgage- 1,442 $ 12 $ 123 (86) 1,491 Commercial mortgage-backed non-agency 19 19 Asset-backed 202 2 16 (10) 210 Other 73 2 (3) 72 Total securities 1,717 14 141 (99) 19 1,792 Loans 655 2 55 (5) (22) (d) $ (78) (e) 607 $ 2 Equity investments 1,220 (62) 42 (17) 1,183 (62) Residential mortgage 605 (40) 43 $ 12 (43) 577 (41) Commercial mortgage 477 1 4 34 (26) 490 1 Financial derivatives 135 50 4 (48) 141 84 Total assets $ 4,873 $ (35) $ 141 $ 153 $ (23) $ 46 $ (241) $ 102 $ (78) $ 4,938 $ (16) Liabilities Other borrowed funds $ 5 $ 13 $ (16) $ 2 Financial derivatives 185 $ 28 $ 1 (5) 209 $ 27 Other liabilities 72 4 26 (19) $ 2 85 (2) Total liabilities $ 262 $ 32 $ 1 $ 39 $ (40) $ 2 $ 296 $ 25 Net gains (losses) $ (67) (f) $ (41) (g) (continued from previous page) Six Months Ended June 30, 2021 Total realized / unrealized Unrealized gains / losses on assets and liabilities held on Consolidated Balance Sheet at June 30, 2021 (a) (c) Level 3 Instruments Only Fair Included in Included Purchases Sales Issuances Settlements Transfers Transfers Impact from BBVA Acquisition Fair Value June 30, 2021 Assets Residential mortgage $ 163 $ 38 $ (52) $ (28) $ 8 $ (10) (e) $ 119 Commercial mortgage 57 (6) 1 52 $ 1 Other consumer loans held for sale $ 239 239 Securities available for sale Residential mortgage- 1,365 $ 20 $ 16 (164) 1,237 Commercial mortgage- 11 11 Asset-backed 199 1 5 (30) 175 Other 72 1 3 (3) 73 Total securities 1,647 21 22 3 (197) 1,496 Loans 647 20 97 (6) (63) (d) (8) (e) 292 979 20 Equity investments 1,263 224 132 (79) 1,540 199 Residential mortgage 673 154 372 $ 37 (160) 35 1,111 154 Commercial mortgage 569 110 21 39 (57) 682 111 Financial derivatives 118 46 3 (85) 5 87 46 Total assets $ 5,137 $ 575 $ 22 $ 666 $ (143) $ 76 $ (589) $ 8 $ (18) $ 571 $ 6,305 $ 531 Liabilities Other borrowed funds $ 2 $ 1 $ (1) $ 2 Financial derivatives 273 $ (10) $ 3 (73) $ 7 200 $ (11) Other liabilities 43 63 317 (299) 124 31 Total liabilities $ 318 $ 53 $ 3 $ 318 $ (373) $ 7 $ 326 $ 20 Net gains (losses) $ 522 (f) $ 511 (g) Six Months Ended June 30, 2020 Total realized / unrealized Unrealized gains/losses on assets and liabilities held on Consolidated Balance Sheet at June 30, 2020 Level 3 Instruments Only Fair Included in Included Purchases Sales Issuances Settlements Transfers Transfers Fair Value June 30, 2020 Assets Residential mortgage loans $ 2 $ 7 $ (2) $ (3) $ 87 $ (3) (e) $ 88 Commercial mortgage 64 $ (1) (3) 60 $ (1) Securities available for sale Residential mortgage- 1,741 28 $ (99) (179) 1,491 Commercial mortgage- 19 19 Asset-backed 240 4 (13) (21) 210 Other 74 (3) 4 (3) 72 Total securities 2,055 32 (115) 4 (203) 19 1,792 Loans 300 13 71 (31) 340 (86) (e) 607 13 Equity investments 1,276 (131) 113 (75) 1,183 (125) Residential mortgage 995 (419) 61 $ 22 (82) 577 (420) Commercial mortgage 649 (166) 23 45 (61) 490 (166) Financial derivatives 54 151 6 (70) 141 158 Total assets $ 5,395 $ (521) $ (115) $ 285 $ (108) $ 67 $ (82) $ 106 $ (89) $ 4,938 $ (541) Liabilities Other borrowed funds $ 7 $ 25 $ (30) $ 2 Financial derivatives 200 $ 36 $ 2 (29) 209 $ 37 Other liabilities 137 6 37 (97) $ 2 85 (8) Total liabilities $ 344 $ 42 $ 2 $ 62 $ (156) $ 2 $ 296 $ 29 Net gains (losses) $ (563) (f) $ (570) (g) (a) Losses for assets are bracketed while losses for liabilities are not. (b) The difference in unrealized gains and losses for the period included in Other comprehensive income and changes in unrealized gains and losses for the period included in Other comprehensive income for securities available for sale held at the end of the reporting period were not significant. (c) The amount of the total gains or losses for the period included in earnings that is attributable to the change in unrealized gains or losses related to those assets and liabilities held at the end of the reporting period. (d) Upon adoption of ASU 2016-13 - Credit Losses , we discontinued the accounting for purchased impaired loans and elected the one-time fair value option election for some of these loans and certain nonperforming loans. (e) Residential mortgage loan transfers out of Level 3 are primarily driven by residential mortgage loans transferring to OREO as well as reclassification of mortgage loans held for sale to held for investment. (f) Net gains (losses) realized and unrealized included in earnings related to Level 3 assets and liabilities included amortization and accretion. The amortization and accretion amounts were included in Interest income on the Consolidated Income Statement and the remaining net gains (losses) realized and unrealized were included in Noninterest income on the Consolidated Income Statement. (g) Net unrealized gains (losses) related to assets and liabilities held at the end of the reporting period were included in Noninterest income on the Consolidated Income Statement. An instrument’s categorization within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. Changes from one quarter to the next related to the observability of inputs to a fair value measurement may result in a reclassification (transfer) of assets or liabilities between hierarchy levels. Quantitative information about the significant unobservable inputs within Level 3 recurring assets and liabilities follows: Table 73: Fair Value Measurements – Recurring Quantitative Information June 30, 2021 Level 3 Instruments Only Fair Value Valuation Techniques Unobservable Inputs Range (Weighted-Average) (a) Commercial mortgage loans held for sale $ 52 Discounted cash flow Spread over the benchmark curve (b) 620bps - 7,880bps (4,950bps) Other consumer loans held for sale 239 Consensus pricing (c) Loss severity 4.8% - 95.0% (5.6%) Residential mortgage-backed 1,237 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 30.7% (11.1%) Constant default rate 0.0% - 16.9% (4.7%) Loss severity 25.0% -95.7% (48.1%) Spread over the benchmark curve (b) 176bps weighted-average Asset-backed securities 175 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 40.0% (9.4%) Constant default rate 1.4% - 6.0% (2.9%) Loss severity 8.0% - 100.0% (54.5%) Spread over the benchmark curve (b) 197bps weighted-average Loans - Residential real estate 662 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (79.7%) Loss severity 0.0 % - 100.0% (9.6%) Discount rate 4.8% - 6.8% (5.1%) 125 Discounted cash flow Loss severity 8.0% weighted-average Discount rate 3.2% weighted-average Loans - Home equity 19 Consensus pricing (c) Cumulative default rate 3.6% -100.0% (83.9%) Loss severity 0.0% - 98.4% (29.6%) Discount rate 4.8% - 6.8% (6.2%) 173 Consensus pricing (c) Credit and liquidity discount 0.0% - 100.0% (35.7%) Equity investments 1,540 Multiple of adjusted earnings Multiple of earnings 4.0x - 28.7x (9.2x) Residential mortgage servicing rights 1,111 Discounted cash flow Constant prepayment rate 0.0% - 37.8% (12.9%) Spread over the benchmark curve (b) 362bps - 2,661bps (881bps) Commercial mortgage servicing rights 682 Discounted cash flow Constant prepayment rate 4.6% - 14.3% (5.2%) Discount rate 5.2% - 7.9% (7.6%) Financial derivatives - Swaps related to (182) Discounted cash flow Estimated conversion factor of Visa Class B shares into Class A shares 162.3% weighted-average Estimated annual growth rate of Visa Class A share price 16.0% Estimated length of litigation resolution date Q2 2022 Insignificant Level 3 assets, net of 146 Total Level 3 assets, net of liabilities (e) $ 5,979 December 31, 2020 Level 3 Instruments Only Fair Value Valuation Techniques Unobservable Inputs Range (Weighted-Average) (a) Commercial mortgage loans held for sale $ 57 Discounted cash flow Spread over the benchmark curve (b) 630bps - 5,275bps (3,406bps) Residential mortgage-backed 1,365 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 37.6% (8.6%) Constant default rate 0.0% - 12.2% (4.7%) Loss severity 25.0% - 95.7% (48.8%) Spread over the benchmark curve (b) 242bps weighted-average Asset-backed securities 199 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% -22.0% (7.4%) Constant default rate 1.0% - 6.0% (3.3%) Loss severity 30.0% - 100.0% (58.1%) Spread over the benchmark curve (b) 291bps weighted-average Loans - Residential real estate 434 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (82.1%) Loss severity 0.0% - 100.0% (11.2%) Discount rate 4.8% - 6.8% (5.1%) 132 Discounted cash flow Loss severity 8.0% weighted-average Discount rate 3.2% weighted-average Loans - Home equity 21 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (88.5%) Loss severity 0.0% -98.4% (33.3%) Discount rate 4.8% - 6.8% (6.3%) 60 Consensus pricing (c) Credit and Liquidity discount 17.5% -97.0% (57.7%) Equity investments 1,263 Multiple of adjusted earnings Multiple of earnings 5.0x - 15.9x (8.7x) Residential mortgage servicing rights 673 Discounted cash flow Constant prepayment rate 0.0% - 77.5% (21.1%) Spread over the benchmark curve (b) 325bps - 2,783bps (922bps) Commercial mortgage servicing rights 569 Discounted cash flow Constant prepayment rate 4.0% - 16.1% (4.9%) Discount rate 4.7% - 7.8% (7.3%) Financial derivatives - Swaps related to (252) Discounted cash flow Estimated conversion factor of Visa Class B shares into Class A shares 162.3% weighted-average Estimated annual growth rate of Visa Class A share price 16.0% Estimated length of litigation Q2 2022 Insignificant Level 3 assets, net of 298 Total Level 3 assets, net of liabilities (e) $ 4,819 (a) Unobservable inputs were weighted by the relative fair value of the instruments. (b) The assumed yield spread over the benchmark curve for each instrument is generally intended to incorporate non-interest rate risks, such as credit and liquidity risks. (c) Consensus pricing refers to fair value estimates that are generally internally developed using information such as dealer quotes or other third-party provided valuations or comparable asset prices. (d) Represents the aggregate amount of Level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant. The amount includes certain financial derivative assets and liabilities, trading securities, other securities, residential mortgage loans held for sale, other assets, other borrowed funds and other liabilities. (e) Consisted of total Level 3 assets of $6.3 billion and total Level 3 liabilities of $0.3 billion as of June 30, 2021 and $5.1 billion and $0.3 billion as of December 31, 2020, respectively. Financial Assets Accounted for at Fair Value on a Nonrecurring Basis We may be required to measure certain financial assets at fair value on a nonrecurring basis. These adjustments to fair value usually result from the application of lower of amortized cost or fair value accounting or write-downs of individual assets due to impairment and are included in Table 74. For more information regarding the valuation methodologies of our financial assets measured at fair value on a nonrecurring basis, see Note 15 Fair Value in Item 8 of our 2020 Form 10-K. Table 74: Fair Value Measurements – Nonrecurring (a) (b) (c) Fair Value Gains (Losses) Gains (Losses) In millions June 30 December 31 June 30 June 30 June 30 June 30 Assets Nonaccrual loans $ 266 $ 332 $ 5 $ (31) $ (4) $ (56) OREO and foreclosed assets 4 18 (1) (2) Long-lived assets 18 20 (9) (2) (11) (3) Total assets $ 288 $ 370 $ (4) $ (34) $ (15) $ (61) (a) All Level 3 for the periods presented. (b) Valuation techniques applied were fair value of property or collateral. (c) Unobservable inputs used were appraised value/sales price, broker opinions or projected income/required improvement costs. Additional quantitative information was not meaningful for the periods presented. Financial Instruments Accounted for under Fair Value Option We elect the fair value option to account for certain financial instruments. For more information on these financial instruments for which the fair value option election has been made, see Note 15 Fair Value in Item 8 of our 2020 Form 10-K. Fair values and aggregate unpaid principal balances of certain items for which we elected the fair value option follow: Table 75: Fair Value Option – Fair Value and Principal Balances June 30, 2021 December 31, 2020 In millions Fair Value Aggregate Unpaid Difference Fair Value Aggregate Unpaid Difference Assets Residential mortgage loans held for sale Accruing loans less than 90 days past due $ 1,451 $ 1,404 $ 47 $ 831 $ 793 $ 38 Accruing loans 90 days or more past due 3 3 4 4 Nonaccrual loans 50 59 (9) 20 24 (4) Total $ 1,504 $ 1,466 $ 38 $ 855 $ 821 $ 34 Commercial mortgage loans held for sale (a) Accruing loans less than 90 days past due $ 217 $ 234 $ (17) $ 357 $ 370 $ (13) Nonaccrual loans 5 6 (1) Total $ 217 $ 234 $ (17) $ 362 $ 376 $ (14) Other consumer loans held for sale Accruing loans less than 90 days past due $ 239 $ 252 $ (13) Accruing loans 90 days or more past due 1 (1) Total $ 239 $ 253 $ (14) Loans Accruing loans less than 90 days past due $ 714 $ 733 $ (19) $ 519 $ 530 $ (11) Accruing loans 90 days or more past due 290 308 (18) 283 295 (12) Nonaccrual loans 723 1,013 (290) 563 820 (257) Total $ 1,727 $ 2,054 $ (327) $ 1,365 $ 1,645 $ (280) Other assets $ 98 $ 102 $ (4) $ 81 $ 69 $ 12 Liabilities Other borrowed funds $ 26 $ 26 $ 32 $ 33 $ (1) (a) There were no accruing loans 90 days or more past due within this category at June 30, 2021 or December 31, 2020. The changes in fair value for items for which we elected the fair value option are as follows: Table 76: Fair Value Option – Changes in Fair Value (a) Gains (Losses) Gains (Losses) Three months ended Six months ended June 30 June 30 June 30 June 30 In millions 2021 2020 2021 2020 Assets Residential mortgage loans held for sale $ 57 $ 52 $ 73 $ 98 Commercial mortgage loans held for sale $ 26 $ 12 $ 46 $ 60 Loans $ 17 $ 8 $ 31 $ 26 Other assets $ 8 $ 9 $ 22 $ (27) (a) The impact on earnings of offsetting hedged items or hedging instruments is not reflected in these amounts. Additional Fair Value Information Related to Financial Instruments Not Recorded at Fair Value The following table presents the carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of all other financial instruments that are not recorded on our Consolidated Balance Sheet at fair value as of June 30, 2021 and December 31, 2020. For more information regarding the methods and assumptions used to estimate the fair values of financial instruments included in Table 77, see Note 15 Fair Value in Item 8 of our 2020 Form 10-K. Table 77: Additional Fair Value Information Related to Other Financial Instruments Carrying Fair Value In millions Amount Total Level 1 Level 2 Level 3 June 30, 2021 Assets Cash and due from banks $ 8,724 $ 8,724 $ 8,724 Interest-earning deposits with banks 72,447 72,447 $ 72,447 Securities held to maturity 1,489 1,598 891 484 $ 223 Net loans (excludes leases) 280,872 286,818 286,818 Other assets 4,342 4,103 4,038 65 Total assets $ 367,874 $ 373,690 $ 9,615 $ 76,969 $ 287,106 Liabilities Time deposits $ 19,885 $ 19,771 $ 19,771 Borrowed funds 34,003 34,740 33,084 $ 1,656 Unfunded lending related commitments 645 645 645 Other liabilities 428 428 428 Total liabilities $ 54,961 $ 55,584 $ 53,283 $ 2,301 December 31, 2020 Assets Cash and due from banks $ 7,017 $ 7,017 $ 7,017 Interest-earning deposits with banks 85,173 85,173 $ 85,173 Securities held to maturity 1,445 1,604 920 489 $ 195 Net loans (excludes leases) 228,788 233,688 233,688 Other assets 3,601 3,600 3,559 41 Total assets $ 326,024 $ 331,082 $ 7,937 $ 89,221 $ 233,924 Liabilities Time deposits $ 19,692 $ 19,662 $ 19,662 Borrowed funds 36,488 37,192 35,571 $ 1,621 Unfunded lending related commitments 584 584 584 Other liabilities 413 413 413 Total liabilities $ 57,177 $ 57,851 $ 55,646 $ 2,205 The aggregate fair values in Table 77 represent only a portion of the total market value of our assets and liabilities as, in accordance with the guidance related to fair values about financial instruments, we exclude the following: • financial instruments recorded at fair value on a recurring basis (as they are disclosed in Table 71), • investments accounted for under the equity method, • equity securities without a readily determinable fair value that apply for the alternative measurement approach to fair value under ASU 2016-01, • real and personal property, • lease financing, • loan customer relationships, • deposit customer intangibles, • mortgage servicing rights (MSRs), • retail branch networks, • fee-based businesses, such as asset management and brokerage, • trademarks and brand names, • trade receivables and payables due in one year or less, • deposit liabilities with no defined or contractual maturities under ASU 2016-01, and • insurance contracts.

Financial Derivatives

Financial Derivatives	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Derivatives	F INANCIAL D ERIVATIVES We use a variety of financial derivatives to both mitigate exposure to market (primarily interest rate) and credit risks inherent in our business activities, as well as to facilitate customer risk management activities. We manage these risks as part of our overall asset and liability management process and through our credit policies and procedures. Derivatives represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based on a notional amount and an underlying as specified in the contract. Derivative transactions are often measured in terms of notional amount, but this amount is generally not exchanged and it is not recorded on the balance sheet. The notional amount is the basis to which the underlying is applied to determine required payments under the derivative contract. The underlying is a referenced interest rate, security price, credit spread or other index. Residential and commercial real estate loan commitments associated with loans to be sold also qualify as derivative instruments. For more information regarding derivatives see Note 1 Accounting Policies and Note 16 Financial Derivatives in the Notes to Consolidated Financial Statements included in Item 8 of our 2020 Form 10-K. The following table presents the notional and gross fair value amounts of all derivative assets and liabilities held by us: Table 78: Total Gross Derivatives (a) June 30, 2021 December 31, 2020 In millions Notional / Asset Fair Liability Fair Notional / Asset Fair Liability Fair Derivatives used for hedging Interest rate contracts (d): Fair value hedges $ 25,293 $ 24,153 Cash flow hedges 35,405 $ 20 $ 13 22,875 $ 14 Foreign exchange contracts: Net investment hedges 1,100 33 1,075 $ 22 Total derivatives designated for hedging $ 61,798 $ 20 $ 46 $ 48,103 $ 14 $ 22 Derivatives not used for hedging Derivatives used for mortgage banking activities (e): Interest rate contracts: Swaps $ 32,917 $ 1 $ 50,511 Futures (f) 3,930 2,841 Mortgage-backed commitments 11,609 $ 104 58 11,288 $ 147 $ 77 Other 12,884 47 24 1,831 11 2 Total interest rate contracts 61,340 151 83 66,471 158 79 Derivatives used for customer-related activities: Interest rate contracts: Swaps 309,609 4,395 1,570 280,125 5,475 1,601 Futures (f) 981 1,235 Mortgage-backed commitments 4,236 10 8 4,178 11 14 Other 22,169 148 103 20,125 193 88 Total interest rate contracts 336,995 4,553 1,681 305,663 5,679 1,703 Commodity contracts: Swaps 8,535 1,207 1,223 6,149 350 323 Other 3,435 262 262 2,770 61 61 Total commodity contracts 11,970 1,469 1,485 8,919 411 384 Foreign exchange contracts and other 27,368 198 194 26,620 267 243 Total derivatives for customer-related activities 376,333 6,220 3,360 341,202 6,357 2,330 Derivatives used for other risk management activities: Foreign exchange contracts and other 13,639 56 230 10,931 4 325 Total derivatives not designated for hedging $ 451,312 $ 6,427 $ 3,673 $ 418,604 $ 6,519 $ 2,734 Total gross derivatives $ 513,110 $ 6,447 $ 3,719 $ 466,707 $ 6,533 $ 2,756 Less: Impact of legally enforceable master netting agreements 919 919 720 720 Less: Cash collateral received/paid 859 2,078 1,434 1,452 Total derivatives $ 4,669 $ 722 $ 4,379 $ 584 (a) Centrally cleared derivatives are settled in cash daily and result in no derivative asset or derivative liability being recognized on our Consolidated Balance Sheet . (b) Included in Other assets on our Consolidated Balance Sheet. (c) Included in Other liabilities on our Consolidated Balance Sheet. (d) Represents primarily swaps. (e) Includes both residential and commercial mortgage banking activities. (f) Futures contracts are settled in cash daily and result in no derivative asset or derivative liability being recognized on our Consolidated Balance Sheet. All derivatives are carried on our Consolidated Balance Sheet at fair value. Derivative balances are presented on the Consolidated Balance Sheet on a net basis taking into consideration the effects of legally enforceable master netting agreements and, when appropriate, any related cash collateral exchanged with counterparties. Further discussion regarding the offsetting rights associated with these legally enforceable master netting agreements is included in the Offsetting, Counterparty Credit Risk and Contingent Features section of this Note 12. Any nonperformance risk, including credit risk, is included in the determination of the estimated net fair value of the derivatives. Derivatives Designated As Hedging Instruments Certain derivatives used to manage interest rate and foreign exchange risk as part of our asset and liability risk management activities are designated as accounting hedges. Derivatives hedging the risks associated with changes in the fair value of assets or liabilities are considered fair value hedges, derivatives hedging the variability of expected future cash flows are considered cash flow hedges and derivatives hedging a net investment in a foreign subsidiary are considered net investment hedges. Designating derivatives as accounting hedges allows for gains and losses on those derivatives to be recognized in the same period and in the same income statement line item as the earnings impact of the hedged items. Fair Value Hedges We enter into receive-fixed, pay-variable interest rate swaps to hedge changes in the fair value of outstanding fixed-rate debt caused by fluctuations in market interest rates. We also enter into pay-fixed, receive-variable interest rate swaps and zero-coupon swaps to hedge changes in the fair value of fixed rate and zero-coupon investment securities caused by fluctuations in market interest rates. Gains and losses on the interest rate swaps designated in these hedge relationships, along with the offsetting gains and losses on the hedged items attributable to the hedged risk, are recognized in current earnings within the same income statement line item. Cash Flow Hedges We enter into receive-fixed, pay-variable interest rate swaps and interest rate caps and floors to modify the interest rate characteristics of designated commercial loans from variable to fixed in order to reduce the impact of changes in future cash flows due to market interest rate changes. We also periodically enter into forward purchase and sale contracts to hedge the variability of the consideration that will be paid or received related to the purchase or sale of investment securities. The forecasted purchase or sale is consummated upon gross settlement of the forward contract itself. For these cash flow hedges, gains and losses on the hedging instruments are recorded in AOCI and are then reclassified into earnings in the same period the hedged cash flows affect earnings and within the same income statement line as the hedged cash flows. In the 12 months that follow June 30, 2021, we expect to reclassify net derivative gains of $330 million pretax, or $254 million after-tax, from AOCI to interest income for these cash flow hedge strategies. This reclassified amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations, and the addition of other hedges subsequent to June 30, 2021. As of June 30, 2021, the maximum length of time over which forecasted transactions are hedged is ten years. Further detail regarding gains (losses) related to our fair value and cash flow hedge derivatives is presented in the following table: Table 79: Gains (Losses) Recognized on Fair Value and Cash Flow Hedges in the Consolidated Income Statement (a) (b) Location and Amount of Gains (Losses) Recognized in Income Interest Income Interest Expense Noninterest Income In millions Loans Investment Securities Borrowed Funds Other For the three months ended June 30, 2021 Total amounts on the Consolidated Income Statement $ 2,160 $ 469 $ 90 $ 468 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ 3 $ (106) Derivatives $ (2) $ 93 Amounts related to interest settlements on derivatives $ (1) $ 131 Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from AOCI $ 91 $ 16 $ 1 For the three months ended June 30, 2020 Total amounts on the Consolidated Income Statement $ 2,257 $ 527 $ 187 $ 271 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ 3 $ (80) Derivatives $ (2) $ 47 Amounts related to interest settlements on derivatives $ (2) $ 133 Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from AOCI $ 102 $ 1 For the six months ended June 30, 2021 Total amounts on the Consolidated Income Statement $ 4,156 $ 890 $ 185 $ 951 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ (5) $ 540 Derivatives $ 7 $ (571) Amounts related to interest settlements on derivatives $ (2) $ 265 Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from AOCI $ 191 $ 38 $ 14 For the six months ended June 30, 2020 Total amounts on the Consolidated Income Statement $ 4,737 $ 1,109 $ 501 $ 614 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ 237 $ (1,441) Derivatives $ (233) $ 1,386 Amounts related to interest settlements on derivatives $ (4) $ 192 Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from AOCI $ 144 $ 3 $ 1 (a) For all periods presented, there were no components of derivative gains or losses excluded from the assessment of hedge effectiveness for any of the fair value or cash flow hedge strategies. (b) All cash flow and fair value hedge derivatives were interest rate contracts for the periods presented. (c) Includes an insignificant amount of fair value hedge adjustments related to discontinued hedge relationships. Detail regarding the impact of fair value hedge accounting on the carrying value of the hedged items is presented in the following table: Table 80: Hedged Items - Fair Value Hedges June 30, 2021 December 31, 2020 In millions Carrying Value of the Hedged Items Cumulative Fair Value Hedge Adjustment included in the Carrying Value of Hedged Items (a) Carrying Value of the Hedged Items Cumulative Fair Value Hedge Adjustment included in the Carrying Value of Hedged Items (a) Investment securities - available for sale (b) $ 2,901 $ 23 $ 2,785 $ 30 Borrowed funds $ 25,512 $ 1,065 $ 25,797 $ 1,611 (a) Includes $(0.1) billion of fair value hedge adjustments primarily related to discontinued borrowed funds hedge relationships at both June 30, 2021 and December 31, 2020, respectively. (b) Carrying value shown represents amortized cost. Net Investment Hedges We enter into foreign currency forward contracts to hedge non-U.S. dollar net investments in foreign subsidiaries against adverse changes in foreign exchange rates. We assess whether the hedging relationship is highly effective in achieving offsetting changes in the value of the hedge and hedged item by qualitatively verifying that the critical terms of the hedge and hedged item match at the inception of the hedging relationship and on an ongoing basis. Net investment hedge derivatives are classified as foreign exchange contracts. There were no components of derivative gains or losses excluded from the assessment of the hedge effectiveness for all periods presented. Net gains (losses) on net investment hedge derivatives recognized in OCI were $(4) million and $(12) million for the three and six months ended June 30, 2021, compared with $5 million and $80 million for the same periods in 2020, respectively. Derivatives Not Designated As Hedging Instruments For additional information on derivatives not designated as hedging instruments under GAAP, see Note 16 Financial Derivatives in the Notes to Consolidated Financial Statements included in Item 8 of our 2020 Form 10-K. Further detail regarding the gains (losses) on derivatives not designated in hedging relationships is presented in the following table: Table 81: Gains (Losses) on Derivatives Not Designated for Hedging Three months ended Six months ended In millions 2021 2020 2021 2020 Derivatives used for mortgage banking activities: Interest rate contracts (a) $ 216 $ 125 $ (106) $ 779 Derivatives used for customer-related activities: Interest rate contracts 15 38 97 40 Foreign exchange contracts and other 43 29 65 40 Gains (losses) from customer-related activities (b) 58 67 162 80 Derivatives used for other risk management activities: Foreign exchange contracts and other (b) (29) (102) 19 105 Total gains (losses) from derivatives not designated as hedging instruments $ 245 $ 90 $ 75 $ 964 (a) Included in Residential mortgage, Corporate services and Other noninterest income on our Consolidated Income Statement. (b) Included in Other noninterest income on our Consolidated Income Statement. Offsetting, Counterparty Credit Risk and Contingent Features We generally utilize a net presentation on the Consolidated Balance Sheet for those derivative financial instruments entered into with counterparties under legally enforceable master netting agreements. The master netting agreements reduce credit risk by permitting the closeout netting of all outstanding derivative instruments under the master netting agreement with the same counterparty upon the occurrence of an event of default. The master netting agreement also may require the exchange of cash or marketable securities to collateralize either party’s net position. For additional information on derivative offsetting, counterparty credit risk and contingent features, see Note 16 Financial Derivatives in the Notes to Consolidated Financial Statements included in Item 8 of our 2020 Form 10-K. Table 82 shows the impact legally enforceable master netting agreements had on our derivative assets and derivative liabilities as of June 30, 2021 and December 31, 2020. The table includes cash collateral held or pledged under legally enforceable master netting agreements. The table also includes the fair value of any securities collateral held or pledged under legally enforceable master netting agreements. Cash and securities collateral amounts are included in the table only to the extent of the related net derivative fair values. Table 82: Derivative Assets and Liabilities Offsetting In millions Amounts Offset on the Securities Collateral Held/Pledged Under Master Netting Agreements Gross Fair Value Cash Net Net Amounts June 30, 2021 Derivative assets Interest rate contracts: Over-the-counter cleared $ 27 $ 27 $ 27 Over-the-counter 4,697 $ 556 $ 830 3,311 $ 388 2,923 Commodity contracts 1,469 250 15 1,204 1,204 Foreign exchange and other contracts 254 113 14 127 1 126 Total derivative assets $ 6,447 $ 919 $ 859 $ 4,669 (a) $ 389 $ 4,280 Derivative liabilities Interest rate contracts: Over-the-counter cleared $ 21 $ 21 $ 21 Over-the-counter 1,756 $ 597 $ 949 210 210 Commodity contracts 1,485 253 997 235 235 Foreign exchange and other contracts 457 69 132 256 256 Total derivative liabilities $ 3,719 $ 919 $ 2,078 $ 722 (b) $ 722 December 31, 2020 Derivative assets Interest rate contracts: Over-the-counter cleared $ 48 $ 48 $ 48 Over-the-counter 5,803 $ 430 $ 1,426 3,947 $ 531 3,416 Commodity contracts 411 209 4 198 198 Foreign exchange and other contracts 271 81 4 186 1 185 Total derivative assets $ 6,533 $ 720 $ 1,434 $ 4,379 (a) $ 532 $ 3,847 Derivative liabilities Interest rate contracts: Over-the-counter cleared $ 42 $ 42 $ 42 Over-the-counter 1,740 $ 462 $ 1,179 99 99 Commodity contracts 384 182 103 99 99 Foreign exchange and other contracts 590 76 170 344 344 Total derivative liabilities $ 2,756 $ 720 $ 1,452 $ 584 (b) $ 584 (a) Represents the net amount of derivative assets included in Other assets on our Consolidated Balance Sheet. (b) Represents the net amount of derivative liabilities included in Other liabilities on our Consolidated Balance Sheet. In addition to using master netting agreements and other collateral agreements to reduce credit risk associated with derivative instruments, we also seek to manage credit risk by evaluating credit ratings of counterparties and by using internal credit analysis, limits and monitoring procedures. At June 30, 2021, we held cash, U.S. government securities and mortgage-backed securities totaling $1.5 billion under master netting agreements and other collateral agreements to collateralize net derivative assets due from counterparties, and we pledged cash totaling $2.7 billion under these agreements to collateralize net derivative liabilities owed to counterparties and to meet initial margin requirements. These totals may differ from the amounts presented in the preceding offsetting table because these totals may include collateral exchanged under an agreement that does not qualify as a master netting agreement or because the total amount of collateral held or pledged exceeds the net derivative fair values with the counterparty as of the balance sheet date due to timing or other factors, such as initial margin. To the extent not netted against the derivative fair values under a master netting agreement, the receivable for cash pledged is included in Other assets and the obligation for cash held is included in Other liabilities on our Consolidated Balance Sheet. Securities held from counterparties are not recognized on our balance sheet. Likewise securities we have pledged to counterparties remain on our balance sheet.

Legal Proceedings

Legal Proceedings	6 Months Ended
	Jun. 30, 2021
Legal Proceedings [Abstract]
Legal Proceedings	L EGAL P ROCEEDINGS We establish accruals for legal proceedings, including litigation and regulatory and governmental investigations and inquiries, when information related to the loss contingencies represented by those matters indicates both that a loss is probable and that the amount of loss can be reasonably estimated. Any such accruals are adjusted thereafter as appropriate to reflect changed circumstances. When we are able to do so, we also determine estimates of possible losses or ranges of possible losses, whether in excess of any related accrued liability or where there is no accrued liability, for disclosed legal proceedings (“Disclosed Matters,” which are those matters disclosed in this Note 13 as well as those matters disclosed in Note 21 Legal Proceedings in Part II, Item 8 of our 2020 Form 10-K and in Note 13 Legal Proceedings in Part I, Item 1 of our first quarter 2021 Form 10-Q (such prior disclosure referred to as “Prior Disclosure”)). For Disclosed Matters where we are able to estimate such possible losses or ranges of possible losses, as of June 30, 2021, we estimate that it is reasonably possible that we could incur losses in excess of related accrued liabilities, if any, in an aggregate amount less than $100 million. The estimates included in this amount are based on our analysis of currently available information and are subject to significant judgment and a variety of assumptions and uncertainties. As new information is obtained we may change our estimates. Due to the inherent subjectivity of the assessments and unpredictability of outcomes of legal proceedings, any amounts accrued or included in this aggregate amount may not represent the ultimate loss to us from the legal proceedings in question. Thus, our exposure and ultimate losses may be higher, and possibly significantly so, than the amounts accrued or this aggregate amount. As a result of the types of factors described in Note 21 Legal Proceedings in Part II, Item 8 of our 2020 Form 10-K, we are unable, at this time, to estimate the losses that are reasonably possible to be incurred or ranges of such losses with respect to some of the matters disclosed, and the aggregate estimated amount provided above does not include an estimate for every Disclosed Matter. Therefore, as the estimated aggregate amount disclosed above does not include all of the Disclosed Matters, the amount disclosed above does not represent our maximum reasonably possible loss exposure for all of the Disclosed Matters. The estimated aggregate amount also does not reflect any of our exposure to matters not so disclosed, as discussed below under “Other.” We include in some of the descriptions of individual Disclosed Matters certain quantitative information related to the plaintiff’s claim against us as alleged in the plaintiff’s pleadings or other public filings or otherwise publicly available information. While information of this type may provide insight into the potential magnitude of a matter, it does not necessarily represent our estimate of reasonably possible loss or our judgment as to any currently appropriate accrual. Some of our exposure in Disclosed Matters may be offset by applicable insurance coverage. We do not consider the possible availability of insurance coverage in determining the amounts of any accruals (although we record the amount of related insurance recoveries that are deemed probable up to the amount of the accrual) or in determining any estimates of possible losses or ranges of possible losses. USAA Patent Infringement Litigation In June 2021, in United Services Automobile Association v. PNC Bank N.A. (Case No. 2:20-cv-319), pending in the United States District Court for the Eastern District of Texas (“the Texas case”), USAA filed an answer to PNC Bank’s counterclaims and asserted a counterclaim in reply seeking a declaratory judgment that two of the asserted PNC Bank patents are unenforceable due to inequitable conduct and unclean hands prosecution of the patents. In June 2021, in PNC Bank, N.A. v. United Services Automobile Association (Case No. 2:20-cv-1886), pending in the United States District Court for the Western District of Pennsylvania, the court stayed this case pending a decision on the motion to transfer filed by PNC Bank in the Texas case. In July 2021, USAA filed a third lawsuit ( United Services Automobile Association v. PNC Bank N.A. (Case No. 2:21-cv-246)) in the United States District Court for the Eastern District of Texas against PNC Bank for patent infringement. The complaint alleges that PNC’s mobile remote deposit capture systems, including its new versions, infringe three patents owned by the plaintiff. The plaintiff seeks, among other things, a judgment that PNC is infringing each of the patents, damages for willful infringement, and attorneys’ fees. Other Regulatory and Governmental Inquiries We are the subject of investigations, audits, examinations and other forms of regulatory and governmental inquiry covering a broad range of issues in our consumer, mortgage, brokerage, securities and other financial services businesses, as well as other aspects of our operations. In some cases, these inquiries are part of reviews of specified activities at multiple industry participants; in others, they are directed at PNC individually. From time to time, these inquiries have involved and may in the future involve or lead to regulatory enforcement actions and other administrative proceedings. These inquiries have also led to and may in the future lead to civil or criminal judicial proceedings. Some of these inquiries result in remedies including fines, penalties, restitution, or alterations in our business practices, and in additional expenses and collateral costs and other consequences. Such remedies and other consequences typically have not been material to us from a financial standpoint, but could be in the future. Even if not financially material, they may result in significant reputational harm or other adverse consequences. Our practice is to cooperate fully with regulatory and governmental investigations, audits and other inquiries, including those described in Prior Disclosure. Other In addition to the proceedings or other matters described in Prior Disclosure, PNC and persons to whom we may have indemnification obligations, in the normal course of business, are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted. We do not anticipate, at the present time, that the ultimate aggregate liability, if any, arising out of such other legal proceedings will have a material adverse effect on our financial position. However, we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations, whether in the proceedings or other matters described above or otherwise, will have a material adverse effect on our results of operations in any future reporting period, which will depend on, among other things, the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment Reporting	S EGMENT R EPORTING We have three reportable business segments: • Retail Banking • Corporate & Institutional Banking • Asset Management Group Results of individual businesses are presented based on our internal management reporting practices. There is no comprehensive, authoritative body of guidance for management accounting equivalent to GAAP; therefore, the financial results of our individual businesses are not necessarily comparable with similar information for any other company. We periodically refine our internal methodologies as management reporting practices are enhanced. To the extent significant and practicable, retrospective application of new methodologies is made to prior period reportable business segment results and disclosures to create comparability with the current period. Our business segment results for the three and six months ended June 30, 2021 reflect BBVA's business operations for the month of June 2021 and our balance sheet at June 30, 2021 includes BBVA's balances. Until conversion of bank systems and branches, PNC Bank and BBVA USA customers will continue to be served through their respective PNC Bank and BBVA USA branches, websites and mobile apps, financial advisors and relationship managers. Upon conversion, which is expected to occur in October 2021, there will be changes in the segmentation of BBVA customers as we integrate data to PNC applications, finalize the review of customer relationships and better align customers with PNC's products and services. See Note 2 Acquisition and Divestiture Activity for additional information on the acquisition of BBVA. During the second quarter of 2020, we divested our entire 22.4% investment in BlackRock, which had previously been reported as a separate business segment. See Note 2 Acquisition and Divestiture Activity for additional information. Total business segment financial results differ from total consolidated net income. These differences are reflected in the “Other” category in Table 83. “Other” includes residual activities that do not meet the criteria for disclosure as a separate reportable business, such as asset and liability management activities including net securities gains or losses, ACL for investment securities, certain trading activities, certain runoff consumer loan portfolios, private equity investments, intercompany eliminations, certain corporate overhead, tax adjustments that are not allocated to business segments, exited businesses and differences between business segment performance reporting and financial statement reporting (GAAP). The “Other” category also included our BlackRock held for sale asset for the three and six months ended June 30, 2020. Assets, revenue and earnings attributable to foreign activities were not material in the periods presented for comparison. Financial results are presented, to the extent practicable, as if each business operated on a stand-alone basis. Additionally, we have aggregated the results for corporate support functions within “Other” for financial reporting purposes. Net interest income in business segment results reflects our internal funds transfer pricing methodology. Assets receive a funding charge and liabilities and capital receive a funding credit based on a transfer pricing methodology that incorporates product repricing characteristics, tenor and other factors. We have allocated the ALLL and the allowance for unfunded lending related commitments based on the loan exposures within each business segment’s portfolio. Key reserve assumptions and estimation processes react to and are influenced by observed changes in loan portfolio performance experience, the financial strength of the borrower and economic conditions. Key reserve assumptions are periodically updated. Business Segment Results Table 83: Results of Businesses Three months ended June 30 Retail Banking Corporate & Asset Other Consolidated (a) 2021 Income Statement Net interest income $ 1,497 $ 1,083 $ 112 $ (111) $ 2,581 Noninterest income 706 867 244 269 2,086 Total revenue 2,203 1,950 356 158 4,667 Provision for (recapture of) credit losses 214 104 23 (39) 302 Depreciation and amortization 73 51 5 127 256 Other noninterest expense 1,604 762 214 214 2,794 Income (loss) from continuing operations before income taxes (benefit) and 312 1,033 114 (144) 1,315 Income taxes (benefit) from continuing operations 73 220 27 (108) 212 Net income (loss) from continuing operations 239 813 87 (36) 1,103 Less: Net income attributable to noncontrolling interests 7 4 1 12 Net income (loss) from continuing operations excluding noncontrolling $ 232 $ 809 $ 87 $ (37) $ 1,091 Average Assets $ 100,948 $ 181,770 $ 10,640 $ 211,071 $ 504,429 2020 Income Statement Net interest income $ 1,390 $ 1,052 $ 89 $ (4) $ 2,527 Noninterest income 585 726 204 34 1,549 Total revenue 1,975 1,778 293 30 4,076 Provision for credit losses 761 1,585 39 78 2,463 Depreciation and amortization 67 51 12 121 251 Other noninterest expense 1,430 619 205 10 2,264 Income (loss) from continuing operations before income taxes (benefit) and (283) (477) 37 (179) (902) Income taxes (benefit) from continuing operations (63) (122) 9 18 (158) Net income (loss) from continuing operations (220) (355) 28 (197) (744) Less: Net income attributable to noncontrolling interests 3 3 1 7 Net income (loss) from continuing operations excluding noncontrolling $ (223) $ (358) $ 28 $ (198) $ (751) Average Assets $ 102,103 $ 199,254 $ 7,958 $ 147,998 $ 457,313 (Continued from previous page) Six months ended June 30 Retail Corporate & Asset Other Consolidated (a) 2021 Income Statement Net interest income $ 2,859 $ 2,074 $ 205 $ (209) $ 4,929 Noninterest income 1,360 1,674 473 451 3,958 Total revenue 4,219 3,748 678 242 8,887 Provision for (recapture of) credit losses (43) (178) 14 (42) (249) Depreciation and amortization 136 98 9 247 490 Other noninterest expense 3,017 1,426 412 279 5,134 Income (loss) from continuing operations before income taxes (benefit) and 1,109 2,402 243 (242) 3,512 Income taxes (benefit) from continuing operations 256 528 57 (258) 583 Net income from continuing operations 853 1,874 186 16 2,929 Less: Net income attributable to noncontrolling interests 14 7 1 22 Net income from continuing operations excluding noncontrolling $ 839 $ 1,867 $ 186 $ 15 $ 2,907 Average Assets $ 96,942 $ 176,182 $ 9,761 $ 203,540 $ 486,425 2020 Income Statement Net interest income $ 2,846 $ 2,002 $ 177 $ 13 $ 5,038 Noninterest income 1,373 1,420 408 173 3,374 Total revenue 4,219 3,422 585 186 8,412 Provision for credit losses 1,206 2,043 42 86 3,377 Depreciation and amortization 124 99 23 245 491 Other noninterest expense 2,901 1,293 413 (40) 4,567 Income (loss) from continuing operations before income taxes (benefit) and (12) (13) 107 (105) (23) Income taxes (benefit) from continuing operations (1) (28) 25 (34) (38) Net income (loss) from continuing operations (11) 15 82 (71) 15 Less: Net income attributable to noncontrolling interests 11 3 14 Net income (loss) from continuing operations excluding noncontrolling $ (22) $ 12 $ 82 $ (71) $ 1 Average Assets $ 99,583 $ 185,878 $ 7,880 $ 141,533 $ 434,874 (a) There were no material intersegment revenues for the three and six months ended June 30, 2021 and 2020. Business Segment Products and Services Retail Banking provides deposit, lending, brokerage, insurance services, investment management and cash management products and services to consumer and small business customers. Our customers are serviced through our branch network, ATMs, call centers, online banking and mobile channels. The branch network is located primarily in markets across the Mid-Atlantic, Midwest, Southeast and Southwest. Our national expansion strategy is designed to grow customers with digitally-led banking and a thin branch network in markets outside of our existing retail branch network. Deposit products include checking, savings and money market accounts and certificates of deposit. Lending products include residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans and personal and small business loans and lines of credit. The residential mortgage loans are directly originated within our branch network and nationwide, and are typically underwritten to agency and/or third-party standards, and either sold, servicing retained or held on our balance sheet. Brokerage, investment management and cash management products and services include managed, education, retirement and trust accounts. Corporate & Institutional Banking provides lending, treasury management and capital markets-related products and services to mid-sized and large corporations, and government and not-for-profit entities. Lending products include secured and unsecured loans, letters of credit and equipment leases. The Treasury Management business provides payables, receivables, deposit and account services, liquidity and investments, and online and mobile banking products and services to our clients. Capital markets-related products and services include foreign exchange, derivatives, fixed income, securities underwriting, loan syndications, mergers and acquisitions advisory and equity capital markets advisory related services. We also provide commercial loan servicing and technology solutions for the commercial real estate finance industry. Products and services are provided nationally. Asset Management Group provides personal wealth management for high net worth and ultra high net worth clients and institutional asset management. The Asset Management group is composed of two distinct operating units: • Personal Wealth Management, inclusive of Hawthorn, provides products and services to individuals and their families including investment and retirement planning, customized investment management, private banking, and trust management and administration for individuals and their families. The business also provides multi-generational family planning including estate, financial, tax planning, fiduciary, investment management and consulting, private banking, personal administrative services, asset custody and customized performance reporting to ultra high net worth clients. • Institutional asset management provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and retirement plan fiduciary investment services to institutional clients including corporations, healthcare systems, insurance companies, unions, municipalities and non-profits.

Fee-Based Revenue from Contract

Fee-Based Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Fee-Based Revenue from Contracts with Customers	F EE - BASED R EVENUE FROM C ONTRACTS WITH C USTOMERS As more fully described in Note 24 Fee-based Revenue from Contracts with Customers in our 2020 Form 10-K, a subset of our noninterest income relates to certain fee-based revenue within the scope of ASC Topic 606 - Revenue from Contracts with Customers (Topic 606). Fee-based revenue within the scope of Topic 606 is recognized within our three reportable business segments: Retail Banking, Corporate & Institutional Banking and Asset Management Group. Interest income, income from lease contracts, fair value gains from financial instruments (including derivatives), income from mortgage servicing rights and guarantee products, letter of credit fees, non-refundable fees associated with acquiring or originating a loan and gains from the sale of financial assets are outside of the scope of Topic 606. The following tables present noninterest income within the scope of Topic 606 disaggregated by segment. A description of the fee-based revenue and how it is recognized for each segment’s principal services and products is included in our 2020 Form 10-K. Retail Banking Table 84: Retail Banking Noninterest Income Disaggregation Three months ended Six months ended In millions 2021 2020 2021 2020 Product Debit card fees $ 164 $ 120 $ 302 $ 249 Deposit account fees 117 73 225 231 Brokerage fees 109 86 211 179 Net credit card fees (a) 57 39 104 80 Merchant services 47 23 79 72 Other 68 52 125 108 Total in-scope noninterest income by product $ 562 $ 393 $ 1,046 $ 919 Reconciliation to total Retail Banking noninterest income Total in-scope noninterest income $ 562 $ 393 $ 1,046 $ 919 Total out-of-scope noninterest income (b) 144 192 314 454 Total Retail Banking noninterest income $ 706 $ 585 $ 1,360 $ 1,373 (a) Net credit card fees consists of interchange fees of $146 million and $102 million and credit card reward costs of $89 million and $63 million for the three months ended June 30, 2021 and 2020, respectively. Net credit card fees consists of interchange fees of $266 million and $220 million and credit card reward costs of $162 million and $140 million for the six months ended June 30, 2021 and June 30, 2020, respectively. (b) Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606. Corporate & Institutional Banking Table 85: Corporate & Institutional Banking Noninterest Income Disaggregation Three months ended Six months ended In millions 2021 2020 2021 2020 Product Treasury management fees $ 279 $ 218 $ 514 $ 434 Capital markets fees 232 187 424 362 Commercial mortgage banking activities 35 24 66 50 Other 18 17 47 37 Total in-scope noninterest income by product $ 564 $ 446 $ 1,051 $ 883 Reconciliation to total Corporate & Institutional Banking noninterest income Total in-scope noninterest income $ 564 $ 446 $ 1,051 $ 883 Total out-of-scope noninterest income (a) 303 280 623 537 Total Corporate & Institutional Banking noninterest income $ 867 $ 726 $ 1,674 $ 1,420 (a) Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606. Treasury Management Fees Corporate & Institutional Banking provides corporations with cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services and access to online/mobile information management and reporting services. Within Treasury Management, PNC Global Transfers (formerly BBVA Transfer Services, Inc.) provides wholesale money transfer processing capabilities throughout Mexico, Central America, South America and the Caribbean. Treasury management fees are primarily recognized over time as we perform these services. Asset Management Group Table 86: Asset Management Group Noninterest Income Disaggregation Three months ended Six months ended In millions 2021 2020 2021 2020 Customer Type Personal $ 185 $ 151 $ 358 $ 301 Institutional 56 48 109 99 Total in-scope noninterest income by customer type (a) $ 241 $ 199 $ 467 $ 400 Reconciliation to Asset Management Group noninterest income Total in-scope noninterest income $ 241 $ 199 $ 467 $ 400 Total out-of-scope noninterest income (b) 3 5 6 8 Total Asset Management Group noninterest income $ 244 $ 204 $ 473 $ 408 (a) Amounts include $239 million of Asset Management Fees and $2 million of Brokerage Fees for the three months ended June 30, 2021. Amounts include $465 million of Asset Management Fees and $2 million of Brokerage Fees for the six months ended June 30, 2021. As described in the "Asset Management Services and Brokerage Fees" narrative following this table 86, Brokerage Fees were assumed by the Asset Management Group as a result of the BBVA acquisition and reflect fee revenue for the month ended June 30, 2021. (b) Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606. Asset Management Services and Brokerage Fees Asset Management Group provides both personal wealth and institutional asset management services including investment management, custody services, retirement planning, family planning, trust management and retirement plan fiduciary investment services. As a result of the acquisition of BBVA, the Asset Management Group assumed approximately $5.4 billion of brokerage account client assets, resulting in $2 million of brokerage fee revenue, included in the table above for the month ended June 30, 2021. We recognize fee revenue over the term of the customer contract based on the value of assets under management at a point in time.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	S UBSEQUENT E VENTS

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Financial Statement Presentation	B USINESS PNC is one of the largest diversified financial services companies in the U.S. and is headquartered in Pittsburgh, Pennsylvania. Basis of Financial Statement Presentation Our consolidated financial statements include the accounts of the parent company and its subsidiaries, most of which are wholly-owned, certain partnership interests and VIEs. On June 1, 2021, we acquired BBVA, a U.S. financial holding company conducting its business operations primarily through its U.S. banking subsidiary, BBVA USA. Our results for the three and six months ended June 30, 2021 reflect BBVA's business operations for the month of June 2021 and our balance sheet at June 30, 2021 includes BBVA's balances. See Note 2 Acquisition and Divestiture Activity for additional information on this acquisition. We prepared these consolidated financial statements in accordance with GAAP. We have eliminated intercompany accounts and transactions. We have also reclassified certain prior year amounts to conform to the current period presentation, which did not have a material impact on our consolidated financial condition or results of operations. In our opinion, the unaudited interim consolidated financial statements reflect all normal, recurring adjustments needed to present fairly our results for the interim periods. The results of operations for interim periods are not necessarily indicative of the results that may be expected for the full year or any other interim period. We have also considered the impact of subsequent events on these consolidated financial statements. When preparing these unaudited interim consolidated financial statements, we have assumed that you have read the audited consolidated financial statements included in our 2020 Form 10-K. Reference is made to Note 1 Accounting Policies in our 2020 Form 10-K for a detailed description of significant accounting policies. These interim consolidated financial statements serve to update our 2020 Form 10-K and may not include all information and Notes necessary to constitute a complete set of financial statements. There have been no significant changes to our accounting policies as disclosed in our 2020 Form 10-K.
Use of Estimates	Use of Estimates We prepared these consolidated financial statements using financial information available at the time of preparation, which requires us to make estimates and assumptions that affect the amounts reported. Our most significant estimates pertain to the ACL and our fair value measurements, including for the BBVA acquisition. Actual results may differ from the estimates and the differences may be material to the consolidated financial statements.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Accounting Standards Update Description Financial Statement Impact Income Tax Simplification - ASU 2019-12 Issued December 2019 • Simplifies the accounting for income taxes by eliminating certain exceptions in ASC 740, Income Taxes , relating to the approach for intraperiod tax allocation, the recognition of deferred tax liabilities for outside basis differences and the methodology for calculating income taxes in an interim period. • Clarifies areas of the income tax guidance around franchise taxes partially based on income, step-ups in the tax basis of goodwill, and enacted changes in tax laws. • Specifies that an entity is no longer required to allocate the consolidated amount of current and deferred tax expense to a legal entity that is not subject to tax in its separate financial statements. • Adopted January 1, 2021. • The adoption of this standard did not impact our consolidated results of operations or our consolidated financial position. PNC will no longer allocate the consolidated amount of current and deferred income tax expense to certain qualifying stand-alone entities, which will impact the presentation of parent company tax expense subsequent to adoption. Accounting Standards Update Description Financial Statement Impact Reference Rate Reform - ASU 2020-04 Issued March 2020 Reference Rate Reform Scope - ASU 2021-01 Issued January 2021 • Provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform (codified in ASC 848). • Includes optional expedients related to contract modifications that allow an entity to account for modifications (if certain criteria are met) as if the modifications were only minor (assets within the scope of ASC 310, Receivables ), were not substantial (assets within the scope of ASC 470, Debt ) and/or did not result in remeasurements or reclassifications (assets within the scope of ASC 842, Leases , and other Topics) of the existing contract. • Includes optional expedients related to hedging relationships within the scope of ASC 815, Derivatives & Hedging , whereby changes to the critical terms of a hedging relationship do not require dedesignation if certain criteria are met. In addition, potential sources of ineffectiveness as a result of reference rate reform may be disregarded when performing some effectiveness assessments. • Includes optional expedients and exceptions for contract modifications and hedge accounting that apply to derivative instruments impacted by the market-wide discounting transition. • Allows for a one-time election to sell, transfer, or both sell and transfer debt securities classified as held to maturity that reference a rate affected by reference rate reform and that are classified as held to maturity before January 1, 2020. • Guidance in these ASUs are effective as of March 12, 2020 through December 31, 2022. • ASU 2020-04 was adopted March 12, 2020. ASU 2021-01 was retrospectively adopted October 1, 2020. • Refer to Note 1 Accounting Policies in the 2020 Form 10-K for more information on elections of optional expedients that occurred in 2020. • During the first quarter of 2021, we elected to apply certain optional expedients to derivative instruments that were modified in the first quarter due to the adoption of fallback language recommended by the ISDA to address the anticipated cessation of LIBOR. These optional expedients remove the requirement to remeasure contract modifications or dedesignate hedging relationships due to reference rate reform. • As of June 30, 2021, we have not yet elected to apply any optional expedients for contract modifications and hedging relationships to any other financial instruments. However, we plan to elect these optional expedients in the future. Accounting Standards Update Description Financial Statement Impact SEC Paragraph Amendments – ASU 2020-09 Issued October 2020 • Amends the financial disclosure requirements for guarantors and issuers of guaranteed securities registered or being registered, and issuers’ affiliates whose securities collateralize securities registered or being registered in Regulation S-X. • Improves disclosure requirements for both investors and registrants. • Provides investors with material information given the specific facts and circumstances, making the disclosures easier to understand and reducing the costs and burdens to registrants. • Adopted January 4, 2021. • In accordance with the requirements of this ASU, we included Exhibit 22 in the Exhibit Index of Item 6 of this Report to disclose PNC’s guarantee of the PNC Capital Trust C preferred securities.

Accounting Policies (Tables)

Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Accounting Standards Update Description Financial Statement Impact Income Tax Simplification - ASU 2019-12 Issued December 2019 • Simplifies the accounting for income taxes by eliminating certain exceptions in ASC 740, Income Taxes , relating to the approach for intraperiod tax allocation, the recognition of deferred tax liabilities for outside basis differences and the methodology for calculating income taxes in an interim period. • Clarifies areas of the income tax guidance around franchise taxes partially based on income, step-ups in the tax basis of goodwill, and enacted changes in tax laws. • Specifies that an entity is no longer required to allocate the consolidated amount of current and deferred tax expense to a legal entity that is not subject to tax in its separate financial statements. • Adopted January 1, 2021. • The adoption of this standard did not impact our consolidated results of operations or our consolidated financial position. PNC will no longer allocate the consolidated amount of current and deferred income tax expense to certain qualifying stand-alone entities, which will impact the presentation of parent company tax expense subsequent to adoption. Accounting Standards Update Description Financial Statement Impact Reference Rate Reform - ASU 2020-04 Issued March 2020 Reference Rate Reform Scope - ASU 2021-01 Issued January 2021 • Provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform (codified in ASC 848). • Includes optional expedients related to contract modifications that allow an entity to account for modifications (if certain criteria are met) as if the modifications were only minor (assets within the scope of ASC 310, Receivables ), were not substantial (assets within the scope of ASC 470, Debt ) and/or did not result in remeasurements or reclassifications (assets within the scope of ASC 842, Leases , and other Topics) of the existing contract. • Includes optional expedients related to hedging relationships within the scope of ASC 815, Derivatives & Hedging , whereby changes to the critical terms of a hedging relationship do not require dedesignation if certain criteria are met. In addition, potential sources of ineffectiveness as a result of reference rate reform may be disregarded when performing some effectiveness assessments. • Includes optional expedients and exceptions for contract modifications and hedge accounting that apply to derivative instruments impacted by the market-wide discounting transition. • Allows for a one-time election to sell, transfer, or both sell and transfer debt securities classified as held to maturity that reference a rate affected by reference rate reform and that are classified as held to maturity before January 1, 2020. • Guidance in these ASUs are effective as of March 12, 2020 through December 31, 2022. • ASU 2020-04 was adopted March 12, 2020. ASU 2021-01 was retrospectively adopted October 1, 2020. • Refer to Note 1 Accounting Policies in the 2020 Form 10-K for more information on elections of optional expedients that occurred in 2020. • During the first quarter of 2021, we elected to apply certain optional expedients to derivative instruments that were modified in the first quarter due to the adoption of fallback language recommended by the ISDA to address the anticipated cessation of LIBOR. These optional expedients remove the requirement to remeasure contract modifications or dedesignate hedging relationships due to reference rate reform. • As of June 30, 2021, we have not yet elected to apply any optional expedients for contract modifications and hedging relationships to any other financial instruments. However, we plan to elect these optional expedients in the future. Accounting Standards Update Description Financial Statement Impact SEC Paragraph Amendments – ASU 2020-09 Issued October 2020 • Amends the financial disclosure requirements for guarantors and issuers of guaranteed securities registered or being registered, and issuers’ affiliates whose securities collateralize securities registered or being registered in Regulation S-X. • Improves disclosure requirements for both investors and registrants. • Provides investors with material information given the specific facts and circumstances, making the disclosures easier to understand and reducing the costs and burdens to registrants. • Adopted January 4, 2021. • In accordance with the requirements of this ASU, we included Exhibit 22 in the Exhibit Index of Item 6 of this Report to disclose PNC’s guarantee of the PNC Capital Trust C preferred securities.

Acquisition and Divestiture A_2

Acquisition and Divestiture Activity (Tables)	6 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
Acquisition Consideration	The following table includes the preliminary fair value of the identifiable tangible and intangible assets and liabilities from BBVA: Table 35: Acquisition Consideration June 1, 2021 In millions Fair Value Fair value of acquisition consideration $ 11,480 Assets Cash and due from banks $ 969 Interest-earning deposits with banks 13,313 Loans held for sale 446 Investment securities – available for sale 18,358 Net loans 61,370 Equity investments 723 Mortgage servicing rights 35 Core deposit intangibles and other intangible assets 399 Other 3,531 Total assets $ 99,144 Liabilities Deposits $ 85,562 Borrowed funds 2,449 Accrued expenses and other liabilities 1,271 Total liabilities $ 89,282 Noncontrolling interests 22 Less: Net assets $ 9,840 Goodwill $ 1,640
Fair Value and Unpaid Principal Balance of Loans Acquired	Table 36: Fair Value and Unpaid Principal Balance of Loans from the BBVA Acquisition June 1, 2021 In millions Unpaid Principal Balance Fair Value Loans Commercial Commercial and industrial $ 29,864 $ 29,372 Commercial real estate 10,632 10,250 Equipment lease financing 48 48 Total commercial 40,544 39,670 Consumer Residential real estate 12,871 12,983 Home equity 2,430 2,417 Automobile 3,916 3,912 Credit card 820 758 Other consumer 1,688 1,630 Total consumer 21,725 21,700 Total $ 62,269 $ 61,370
Intangible Assets	Other intangible assets from the BBVA acquisition, as of June 1, 2021 consisted of the following: Table 37: Intangible Assets In millions Fair Value Weighted Life Amortization Method Residential mortgage servicing rights $ 35 5.5 (a) Core deposits $ 283 10.0 Accelerated Other 116 9.8 Straight-line Total core deposits and other $ 399 (a) Intangible asset accounted for at fair value.
BBVA Financial Results	The following table presents financial results of BBVA included in the Consolidated Statement of Income from the date of acquisition through June 30, 2021. Table 38: BBVA Financial Results In millions One month ended June 30, 2021 Net interest income $ 236 Noninterest income $ 80 Net income $ 153
Unaudited Pro Forma Results	Table 39: Unaudited Pro Forma Results Three months ended June 30 Six months ended June 30 In millions 2021 2020 2021 2020 Net interest income $ 2,984 $ 3,126 $ 5,975 $ 6,250 Noninterest income $ 2,258 $ 1,757 $ 4,354 $ 3,825 Net income $ 2,097 $ 3,327 $ 4,226 $ 851
PCD Loan Activity	Table 40: PCD Loan Activity June 1, 2021 In millions Principal Balance $ 10,253 ACL at acquisition (1,161) Non-credit premium 224 Purchase price $ 9,316
Consolidated Income Statement - Discontinued Operations	The following table summarizes the results from the discontinued operations of BlackRock included in the Consolidated Income Statement: Table 41: Consolidated Income Statement - Discontinued Operations Three months ended June 30 Six months ended June 30 In millions 2020 2020 Noninterest income $ 5,596 $ 5,777 Total revenue 5,596 5,777 Income from discontinued operations before income taxes and noncontrolling interests 5,596 5,777 Income taxes 1,197 1,222 Net income from discontinued operations $ 4,399 $ 4,555
Consolidated Statement of Cash Flows - Discontinued Operations	The following table summarizes the cash flows of discontinued operations of BlackRock included in the Consolidated Statement of Cash Flows: Table 42: Consolidated Statement of Cash Flows - Discontinued Operations Six months ended June 30 In millions 2020 Cash from discontinued operations Net cash provided (used) by operating activities of discontinued operations $ 74 Net cash provided by investing activities of discontinued operations $ 14,225

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2021
Investment Securities Disclosure [Abstract]
Investment Securities Summary	The following table summarizes our available for sale and held to maturity portfolios by major security type: Table 43: Investment Securities Summary June 30, 2021 (a) December 31, 2020 (a) In millions Amortized Unrealized Fair Amortized Unrealized Fair Gains Losses Gains Losses Securities Available for Sale U.S. Treasury and government agencies $ 38,564 $ 593 $ (146) $ 39,011 $ 19,821 $ 903 $ (13) $ 20,711 Residential mortgage-backed Agency 66,393 1,046 (125) 67,314 47,355 1,566 (10) 48,911 Non-agency 1,081 247 (5) 1,323 1,272 243 (14) 1,501 Commercial mortgage-backed Agency 2,263 71 (3) 2,331 2,571 119 (2) 2,688 Non-agency 4,033 59 (13) 4,079 3,678 78 (67) 3,689 Asset-backed 5,625 78 (6) 5,697 5,060 100 (10) 5,150 Other 5,060 244 (1) 5,303 4,415 293 4,708 Total securities available for sale (b) $ 123,019 $ 2,338 $ (299) $ 125,058 $ 84,172 $ 3,302 $ (116) $ 87,358 Securities Held to Maturity U.S. Treasury and government agencies $ 804 $ 87 $ 891 $ 795 $ 125 $ 920 Other 681 33 $ (7) 707 646 42 $ (3) 685 Total securities held to maturity (c) $ 1,485 $ 120 $ (7) $ 1,598 $ 1,441 $ 167 $ (3) $ 1,605 (a) The accrued interest associated with our available for sale portfolio totaled $311 million and $238 million at June 30, 2021 and December 31, 2020, respectively. These amounts are included in Other assets on the Consolidated Balance Sheet. (b) Amortized cost is presented net of allowance of $105 million and $79 million for securities available for sale at June 30, 2021 and December 31, 2020, respectively.
Gross Unrealized Loss and Fair Value of Securities Available for Sale Without an Allowance for Credit Losses	Table 44: Gross Unrealized Loss and Fair Value of Securities Available for Sale Without an Allowance for Credit Losses Unrealized loss position Unrealized loss position Total In millions Unrealized Fair Unrealized Fair Unrealized Fair June 30, 2021 U.S. Treasury and government agencies $ (146) $ 17,168 $ (146) $ 17,168 Residential mortgage-backed Agency (122) 24,527 $ (3) $ 442 (125) 24,969 Non-agency (5) 155 (5) 155 Commercial mortgage-backed Agency (2) 274 (1) 65 (3) 339 Non-agency (4) 710 (4) 710 Asset-backed (3) 793 (3) 386 (6) 1,179 Other (1) 196 (1) 196 Total securities available for sale $ (274) $ 42,958 $ (16) $ 1,758 $ (290) $ 44,716 December 31, 2020 U.S. Treasury and government agencies $ (13) $ 603 $ (13) $ 603 Residential mortgage-backed Agency (8) 3,152 $ (2) $ 82 (10) 3,234 Non-agency (7) 119 (7) 73 (14) 192 Commercial mortgage-backed Agency (2) 149 (2) 149 Non-agency (13) 972 (7) 714 (20) 1,686 Asset-backed (1) 339 (9) 706 (10) 1,045 Total securities available for sale $ (42) $ 5,185 $ (27) $ 1,724 $ (69) $ 6,909
Gains (losses) on Sales Of Securities Available for Sale	Information relating to gross realized securities gains and losses from the sales of securities is set forth in the following table: Table 45: Gains (Losses) on Sales of Securities Available for Sale Six months ended June 30 Gross Gains Gross Losses Net Gains Tax Expense 2021 $ 201 $ (166) $ 35 $ 7 2020 $ 224 $ (2) $ 222 $ 47
Contractual Maturity of Securities	The following table presents, by remaining contractual maturity, the amortized cost, fair value and weighted-average yield of debt securities at June 30, 2021: Table 46: Contractual Maturity of Debt Securities June 30, 2021 1 Year or Less After 1 Year After 5 Years After 10 Total Securities Available for Sale U.S. Treasury and government agencies $ 2,751 $ 22,506 $ 11,358 $ 1,949 $ 38,564 Residential mortgage-backed Agency 1 123 2,124 64,145 66,393 Non-agency 2 1,079 1,081 Commercial mortgage-backed Agency 64 520 804 875 2,263 Non-agency 174 210 3,649 4,033 Asset-backed 109 2,117 771 2,628 5,625 Other 616 2,031 1,625 788 5,060 Total securities available for sale at amortized cost $ 3,541 $ 27,471 $ 16,894 $ 75,113 $ 123,019 Fair value $ 3,562 $ 27,856 $ 17,091 $ 76,549 $ 125,058 Weighted-average yield, GAAP basis (a) 1.42 % 1.25 % 1.60 % 2.49 % 2.19 % Securities Held to Maturity U.S. Treasury and government agencies $ 199 $ 318 $ 287 $ 804 Other $ 80 424 98 79 681 Total securities held to maturity at amortized cost $ 80 $ 623 $ 416 $ 366 $ 1,485 Fair value $ 81 $ 651 $ 483 $ 383 $ 1,598 Weighted-average yield, GAAP basis (a) 3.24 % 2.95 % 3.91 % 2.61 % 3.16 % (a) Weighted-average yields are based on amortized cost with effective yields weighted for the contractual maturity of each security.
Fair Value of Securities Pledged and Accepted as Collateral	The following table presents the fair value of securities that have been either pledged to or accepted from others to collateralize outstanding borrowings: Table 47: Fair Value of Securities Pledged and Accepted as Collateral In millions June 30 December 31 Pledged to others $ 24,121 $ 22,841 Accepted from others: Permitted by contract or custom to sell or repledge $ 752 $ 683 Permitted amount repledged to others $ 752 $ 683

Loans and Related Allowance f_2

Loans and Related Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2021
Asset Quality [Abstract]
Summary Of The Classification Of Portfolio Segments	Commercial Consumer • Commercial and industrial • Residential real estate • Commercial real estate • Home equity • Equipment lease financing • Automobile • Credit card • Education • Other consumer
Analysis of Loan Portfolio	Table 48: Analysis of Loan Portfolio (a) (b) Accruing Dollars in millions Current or Less 30-59 60-89 90 Days Total Nonperforming Fair Value Total Loans June 30, 2021 Commercial Commercial and industrial $ 154,226 $ 72 $ 27 $ 45 $ 144 $ 930 $ 155,300 Commercial real estate 37,453 5 3 2 10 501 37,964 Equipment lease financing 6,354 3 4 7 15 6,376 Total commercial 198,033 80 34 47 161 1,446 199,640 Consumer Residential real estate 35,099 212 82 337 631 (c) 503 $ 613 36,846 Home equity 24,377 44 17 61 626 110 25,174 Automobile 17,239 98 20 3 121 191 17,551 Credit card 6,401 37 24 59 120 7 6,528 Education 2,591 46 22 67 135 (c) 2,726 Other consumer 6,172 31 16 14 61 6 6,239 Total consumer 91,879 468 181 480 1,129 1,333 723 95,064 Total $ 289,912 $ 548 $ 215 $ 527 $ 1,290 $ 2,779 $ 723 $ 294,704 Percentage of total loans 98.37 % 0.19 % 0.07 % 0.18 % 0.44 % 0.94 % 0.25 % 100.00 % December 31, 2020 Commercial Commercial and industrial $ 131,245 $ 106 $ 26 $ 30 $ 162 $ 666 $ 132,073 Commercial real estate 28,485 6 1 7 224 28,716 Equipment lease financing 6,345 31 5 36 33 6,414 Total commercial 166,075 143 32 30 205 923 167,203 Consumer Residential real estate 20,945 181 78 319 578 (c) 528 $ 509 22,560 Home equity 23,318 50 21 71 645 54 24,088 Automobile 13,863 134 34 12 180 175 14,218 Credit card 6,074 43 30 60 133 8 6,215 Education 2,785 55 29 77 161 (c) 2,946 Other consumer 4,656 14 10 11 35 7 4,698 Total consumer 71,641 477 202 479 1,158 1,363 563 74,725 Total $ 237,716 $ 620 $ 234 $ 509 $ 1,363 $ 2,286 $ 563 $ 241,928 Percentage of total loans 98.27 % 0.26 % 0.10 % 0.21 % 0.56 % 0.94 % 0.23 % 100.00 % (a) Amounts in table represent loans held for investment and do not include any associated valuation allowance. (b) The accrued interest associated with our loan portfolio totaled $0.8 billion and $0.7 billion at June 30, 2021 and December 31, 2020, respectively. These amounts are included in Other assets on the Consolidated Balance Sheet. (c) Past due loan amounts include government insured or guaranteed Residential real estate loans and Education loans totaling $0.4 billion and $0.1 billion at June 30, 2021. Comparable amounts at December 31, 2020 were $0.4 billion and $0.2 billion. (d) Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policies. Given that these loans are not accounted for at amortized cost, these loans have been excluded from the nonperforming loan population. (e) Includes unearned income, unamortized deferred fees and costs on originated loans, and premiums or discounts on purchased loans totaling $1.0 billion and $1.3 billion at June 30, 2021 and December 31, 2020, respectively. (f) Collateral dependent loans totaled $1.9 billion and $1.5 billion at June 30, 2021 and December 31, 2020, respectively.
Nonperforming Assets	The following table presents our nonperforming assets as of June 30, 2021 and December 31, 2020 , respectively: Table 49: Nonperforming Assets Dollars in millions June 30 December 31 Nonperforming loans Commercial $ 1,446 $ 923 Consumer (a) 1,333 1,363 Total nonperforming loans (b) 2,779 2,286 OREO and foreclosed assets 39 51 Total nonperforming assets $ 2,818 $ 2,337 Nonperforming loans to total loans 0.94 % 0.94 % Nonperforming assets to total loans, OREO and foreclosed assets 0.96 % 0.97 % Nonperforming assets to total assets 0.51 % 0.50 % (a) Excludes most unsecured consumer loans and lines of credit, which are charged off after 120 to 180 days past due and are not placed on nonperforming status. (b) Nonperforming loans for which there is no related ALLL totaled $1.0 billion at June 30, 2021 and primarily include loans with a fair value of collateral that exceeds the amortized cost basis. The comparable amount at December 31, 2020 was $0.8 billion.
Credit Quality Indicators By Loan Class	The following table presents credit quality indicators for the commercial loan classes: Table 50: Commercial Credit Quality Indicators (a) Term Loans by Origination Year June 30, 2021 - In millions 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial and industrial Pass Rated $ 20,084 $ 18,350 $ 13,729 $ 8,737 $ 7,980 $ 14,429 $ 62,892 $ 91 $ 146,292 Criticized 287 544 933 969 528 1,069 4,650 28 9,008 Total commercial and industrial 20,371 18,894 14,662 9,706 8,508 15,498 67,542 119 155,300 Commercial real estate Pass Rated 2,124 4,419 8,354 5,547 3,220 8,971 414 33,049 Criticized 131 297 960 677 745 2,055 50 4,915 Total commercial real estate 2,255 4,716 9,314 6,224 3,965 11,026 464 37,964 Equipment lease financing Pass Rated 636 1,306 1,097 816 616 1,647 6,118 Criticized 21 64 62 74 29 8 258 Total equipment lease financing 657 1,370 1,159 890 645 1,655 6,376 Total commercial $ 23,283 $ 24,980 $ 25,135 $ 16,820 $ 13,118 $ 28,179 $ 68,006 $ 119 $ 199,640 Term Loans by Origination Year December 31, 2020 - In millions 2020 2019 2018 2017 2016 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial and industrial Pass Rated $ 31,680 $ 13,340 $ 8,209 $ 5,956 $ 4,242 $ 7,141 $ 54,775 $ 53 $ 125,396 Criticized 339 702 578 334 224 351 4,130 19 6,677 Total commercial and industrial 32,019 14,042 8,787 6,290 4,466 7,492 58,905 72 132,073 Commercial real estate Pass Rated 3,709 6,268 3,426 2,841 2,341 6,792 218 25,595 Criticized 319 548 148 423 400 1,159 124 3,121 Total commercial real estate 4,028 6,816 3,574 3,264 2,741 7,951 342 28,716 Equipment lease financing Pass Rated 1,429 1,202 942 738 405 1,350 6,066 Criticized 78 92 86 39 22 31 348 Total equipment lease financing 1,507 1,294 1,028 777 427 1,381 6,414 Total commercial $ 37,554 $ 22,152 $ 13,389 $ 10,331 $ 7,634 $ 16,824 $ 59,247 $ 72 $ 167,203 (a) Loans in our commercial portfolio are classified as Pass Rated or Criticized based on the regulatory definitions, which are driven by the PD and LGD ratings that we assign. The Criticized classification includes loans that were rated special mention, substandard or doubtful as of June 30, 2021 and December 31, 2020. Residential Real Estate and Home Equity The following table presents credit quality indicators for the residential real estate loan class: Table 51: Residential Real Estate Credit Quality Indicators Term Loans by Origination Year June 30, 2021 - In millions 2021 2020 2019 2018 2017 Prior Total Loans PNC legacy Current estimated LTV ratios Greater than 100% $ 1 $ 16 $ 58 $ 18 $ 29 $ 194 $ 316 Greater than or equal to 80% to 100% 727 157 160 44 63 248 1,399 Less than 80% 5,578 6,464 2,527 704 1,298 4,661 21,232 Government insured or guaranteed loans 10 29 24 35 767 865 Total PNC legacy portfolio 6,306 6,647 2,774 790 1,425 5,870 23,812 Acquired loans Estimated LTV ratios (a) Greater than 100% 11 24 3 2 4 23 67 Greater than or equal to 80% to 100% 635 1,407 612 293 286 664 3,897 Less than 80% 1,158 2,094 843 330 414 3,581 8,420 No LTV ratio available 104 313 114 38 4 573 Government insured or guaranteed loans 1 4 14 11 10 37 77 Total acquired loans 1,909 3,842 1,586 674 718 4,305 13,034 Total residential real estate $ 8,215 $ 10,489 $ 4,360 $ 1,464 $ 2,143 $ 10,175 $ 36,846 Updated FICO scores Greater than or equal to 780 $ 4,691 $ 7,211 $ 2,922 $ 832 $ 1,361 $ 5,170 $ 22,187 720 to 779 2,667 2,213 870 287 422 1,838 8,297 660 to 719 252 530 299 163 143 913 2,300 Less than 660 29 110 101 90 99 872 1,301 No FICO score available 575 411 124 57 73 579 1,819 Government insured or guaranteed loans 1 14 44 35 45 803 942 Total residential real estate $ 8,215 $ 10,489 $ 4,360 $ 1,464 $ 2,143 $ 10,175 $ 36,846 Term Loans by Origination Year December 31, 2020 - In millions 2020 2019 2018 2017 2016 Prior Total Loans Current estimated LTV ratios Greater than 100% $ 3 $ 52 $ 26 $ 42 $ 41 $ 160 $ 324 Greater than or equal to 80% to 100% 495 422 127 156 124 307 1,631 Less than 80% 7,491 3,656 992 1,706 1,847 3,991 19,683 Government insured or guaranteed loans 7 28 27 38 57 765 922 Total residential real estate $ 7,996 $ 4,158 $ 1,172 $ 1,942 $ 2,069 $ 5,223 $ 22,560 Updated FICO scores Greater than or equal to 780 $ 5,425 $ 3,099 $ 814 $ 1,432 $ 1,538 $ 2,551 $ 14,859 720 to 779 2,268 820 220 340 335 818 4,801 660 to 719 252 161 76 98 92 475 1,154 Less than 660 40 48 33 31 41 485 678 No FICO score available 4 2 2 3 6 129 146 Government insured or guaranteed loans 7 28 27 38 57 765 922 Total residential real estate $ 7,996 $ 4,158 $ 1,172 $ 1,942 $ 2,069 $ 5,223 $ 22,560 (a) LTV ratios, inclusive of CLTV for first lien and certain subordinate lien positions, in the BBVA loan portfolio are calculated on a quarterly basis utilizing the real estate collateral values available at origination. These calculations will be refreshed to update the property values of real estate collateral and calculate an updated current estimated LTV ratio upon conversion of bank systems, which is expected to occur in October 2021. See Note 4 Loans and Related Allowance for Credit Losses included in Item 8 of our 2020 Form 10-K for additional information on how current estimated LTV ratios are calculated in the PNC legacy portfolio. The following table presents credit quality indicators for the home equity loan class: Table 52: Home Equity Credit Quality Indicators Term Loans by Origination Year June 30, 2021 - In millions 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Loans PNC legacy Current estimated LTV ratios Greater than 100% $ 20 $ 32 $ 9 $ 7 $ 100 $ 418 $ 203 $ 789 Greater than or equal to 80% to 100% $ 23 176 145 28 19 119 1,081 548 2,139 Less than 80% 205 2,866 1,432 441 652 3,677 6,406 4,149 19,828 Total PNC legacy portfolio 228 3,062 1,609 478 678 3,896 7,905 4,900 22,756 Acquired loans Estimated LTV ratios (a) Greater than 100% 3 68 71 Greater than or equal to 80% to 100% 1 5 3 2 1 16 578 1 607 Less than 80% 6 5 6 5 3 90 1,572 3 1,690 No LTV ratio available 4 45 1 50 Total acquired loans 7 10 9 7 4 113 2,263 5 2,418 Total home equity $ 235 $ 3,072 $ 1,618 $ 485 $ 682 $ 4,009 $ 10,168 $ 4,905 $ 25,174 Updated FICO scores Greater than or equal to 780 $ 132 $ 1,905 $ 897 $ 248 $ 436 $ 2,469 $ 6,028 $ 2,310 $ 14,425 720 to 779 78 818 434 125 143 779 2,469 1,239 6,085 660 to 719 20 297 222 72 71 410 1,168 690 2,950 Less than 660 3 50 64 38 31 339 412 575 1,512 No FICO score available 2 2 1 2 1 12 91 91 202 Total home equity $ 235 $ 3,072 $ 1,618 $ 485 $ 682 $ 4,009 $ 10,168 $ 4,905 $ 25,174 Term Loans by Origination Year December 31, 2020 - In millions 2020 2019 2018 2017 2016 Prior Revolving Loans Revolving Loans Converted to Term Total Loans Current estimated LTV ratios . Greater than 100% $ 8 $ 44 $ 18 $ 15 $ 9 $ 88 $ 580 $ 279 $ 1,041 Greater than or equal to 80% to 100% 517 320 59 42 25 158 1,781 591 3,493 Less than 80% 2,909 1,636 513 773 660 3,754 6,433 2,876 19,554 Total home equity $ 3,434 $ 2,000 $ 590 $ 830 $ 694 $ 4,000 $ 8,794 $ 3,746 $ 24,088 Updated FICO scores Greater than or equal to 780 $ 2,019 $ 1,094 $ 311 $ 525 $ 449 $ 2,467 $ 5,382 $ 1,480 $ 13,727 720 to 779 1,028 558 153 181 145 777 2,137 941 5,920 660 to 719 334 273 86 84 66 402 985 625 2,855 Less than 660 52 74 39 39 33 345 277 620 1,479 No FICO score available 1 1 1 1 1 9 13 80 107 Total home equity $ 3,434 $ 2,000 $ 590 $ 830 $ 694 $ 4,000 $ 8,794 $ 3,746 $ 24,088 (a) LTV ratios, inclusive of CLTV for first lien and certain subordinate lien positions, in the BBVA loan portfolio are calculated on a quarterly basis utilizing the real estate collateral values available at origination. These calculations will be refreshed to update the property values of real estate collateral and calculate an updated current estimated LTV ratio upon conversion of bank systems, which is expected to occur in October 2021. See Note 4 Loans and Related Allowance for Credit Losses included in Item 8 of our 2020 Form 10-K for additional information on how current estimated LTV ratios are calculated in the PNC legacy portfolio. The following table presents credit quality indicators for the automobile, credit card, education and other consumer loan classes: Table 53: Credit Quality Indicators for Automobile, Credit Card, Education and Other Consumer Loan Classes Term Loans by Origination Year June 30, 2021 - In millions 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Loans Updated FICO Scores Automobile FICO score greater than or equal to 780 $ 2,077 $ 1,816 $ 1,765 $ 730 $ 345 $ 170 $ 6,903 720 to 779 1,035 1,304 1,404 697 304 128 4,872 660 to 719 428 827 1,080 606 241 91 3,273 Less than 660 134 380 766 599 243 109 2,231 No FICO score available or required (a) 214 33 14 7 3 1 272 Total automobile $ 3,888 $ 4,360 $ 5,029 $ 2,639 $ 1,136 $ 499 $ 17,551 Credit card FICO score greater than or equal to 780 $ 1,754 $ 3 $ 1,757 720 to 779 1,805 10 1,815 660 to 719 1,841 25 1,866 Less than 660 912 37 949 No FICO score available or required (a) 137 4 141 Total credit card $ 6,449 $ 79 $ 6,528 Education FICO score greater than or equal to 780 $ 9 $ 66 $ 86 $ 70 $ 55 $ 438 $ 724 720 to 779 5 31 40 32 23 182 313 660 to 719 2 9 12 12 7 81 123 Less than 660 1 2 2 2 29 36 No FICO score available or required (a) 3 11 9 5 2 1 31 Education loans using FICO credit metric 19 118 149 121 89 731 1,227 Other internal credit metrics 1,499 1,499 Total education $ 19 $ 118 $ 149 $ 121 $ 89 $ 2,230 $ 2,726 Other consumer FICO score greater than or equal to 780 $ 133 $ 218 $ 201 $ 78 $ 26 $ 45 $ 235 $ 7 $ 943 720 to 779 160 258 259 110 27 28 214 3 1,059 660 to 719 120 198 243 134 29 18 162 1 905 Less than 660 32 81 115 85 19 12 53 1 398 No FICO score available or required (a) 82 9 1 1 1 44 138 Other consumer loans using FICO credit metric 527 764 819 408 101 104 708 12 3,443 Other internal credit metrics 54 36 27 25 26 112 2,496 20 2,796 Total other consumer $ 581 $ 800 $ 846 $ 433 $ 127 $ 216 $ 3,204 $ 32 $ 6,239 Term Loans by Origination Year December 31, 2020 - In millions 2020 2019 2018 2017 2016 Prior Revolving Loans Revolving Loans Converted to Term Total Loans Updated FICO Scores Automobile FICO score greater than or equal to 780 $ 1,807 $ 1,915 $ 807 $ 452 $ 246 $ 58 $ 5,285 720 to 779 1,098 1,581 789 381 167 44 4,060 660 to 719 617 1,222 684 288 109 31 2,951 Less than 660 192 776 598 240 87 29 1,922 Total automobile $ 3,714 $ 5,494 $ 2,878 $ 1,361 $ 609 $ 162 $ 14,218 Credit card FICO score greater than or equal to 780 $ 1,635 $ 3 $ 1,638 720 to 779 1,724 11 1,735 660 to 719 1,765 26 1,791 Less than 660 902 51 953 No FICO score available or required (a) 94 4 98 Total credit card $ 6,120 $ 95 $ 6,215 Education FICO score greater than or equal to 780 $ 34 $ 90 $ 74 $ 59 $ 50 $ 428 $ 735 720 to 779 24 46 38 28 20 190 346 660 to 719 15 15 14 9 6 90 149 Less than 660 3 2 3 2 2 37 49 No FICO score available or required (a) 16 10 6 3 1 36 Education loans using FICO credit metric 92 163 135 101 78 746 1,315 Other internal credit metrics 1,631 1,631 Total education $ 92 $ 163 $ 135 $ 101 $ 78 $ 2,377 $ 2,946 Other consumer FICO score greater than or equal to 780 $ 162 $ 187 $ 63 $ 21 $ 5 $ 42 $ 86 $ 1 $ 567 720 to 779 197 247 82 22 5 22 123 698 660 to 719 127 210 81 17 3 14 117 1 570 Less than 660 28 86 41 9 2 8 53 1 228 Other consumer loans using FICO credit metric 514 730 267 69 15 86 379 3 2,063 Other internal credit metrics 67 33 37 26 60 75 2,334 3 2,635 Total other consumer $ 581 $ 763 $ 304 $ 95 $ 75 $ 161 $ 2,713 $ 6 $ 4,698 (a) Loans with no FICO score available or required generally refers to new accounts issued to borrowers with limited credit history, accounts for which we cannot obtain an updated FICO score (e.g., recent profile changes), cards issued with a business name and/or cards secured by collateral. Management proactively assesses the risk and size of this loan category and, when necessary, takes actions to mitigate the credit risk.
Financial Impact and TDRs by Concession Type	Table 54: Financial Impact and TDRs by Concession Type (a) Pre-TDR Post-TDR Amortized Cost Basis (c) During the three months ended June 30, 2021 Number Principal Rate Other Total Commercial 11 $ 104 $ 82 $ 82 Consumer 1,386 23 $ 12 9 21 Total TDRs 1,397 $ 127 $ 12 $ 91 $ 103 During the six months ended June 30, 2021 Commercial 30 $ 197 $ 176 $ 176 Consumer 3,482 55 $ 28 21 49 Total TDRs 3,512 $ 252 $ 28 $ 197 $ 225 Pre-TDR Post-TDR Amortized Cost Basis (c) During the three months ended June 30, 2020 Number Principal Rate Other Total Commercial 29 $ 147 $ 33 $ 125 $ 158 Consumer 3,589 57 $ 19 35 54 Total TDRs 3,618 $ 204 $ 33 $ 19 $ 160 $ 212 During the six months ended June 30, 2020 Commercial 42 $ 209 $ 39 $ 162 $ 201 Consumer 7,156 93 $ 41 45 86 Total TDRs 7,198 $ 302 $ 39 $ 41 $ 207 $ 287 (a) Impact of partial charge-offs at TDR date is included in this table. (b) Represents the amortized cost basis of the loans as of the quarter end prior to TDR designation. (c) Represents the amortized cost basis of the TDRs as of the end of the quarter in which the TDR occurs.
Subsequently Defaulted TDRs	Table 55: Subsequently Defaulted TDRs In millions 2021 2020 Three months ended June 30 $ 14 $ 22 Six months ended June 30 $ 26 $ 37
Rollforward of Allowance for Credit Losses	Table 56: Rollforward of Allowance for Credit Losses Three months ended June 30 Six months ended June 30 2021 2020 2021 2020 In millions Commercial Consumer Total Commercial Consumer Total Commercial Consumer Total Commercial Consumer Total Allowance for loan and lease losses Beginning balance $ 3,083 $ 1,631 $ 4,714 $ 1,979 $ 1,965 $ 3,944 $ 3,337 $ 2,024 $ 5,361 $ 1,812 $ 930 $ 2,742 Adoption of ASU 2016-13 (a) (304) 767 463 Beginning balance, adjusted 3,083 1,631 4,714 1,979 1,965 3,944 3,337 2,024 5,361 1,508 1,697 3,205 Acquisition PCD reserves 828 287 1,115 828 287 1,115 Charge-offs (274) (154) (428) (122) (192) (314) (343) (328) (671) (205) (413) (618) Recoveries 34 88 122 15 63 78 52 167 219 39 131 170 Net (charge-offs) (b) (240) (66) (306) (107) (129) (236) (291) (161) (452) (166) (282) (448) Provision for (recapture of) credit 140 66 206 1,508 712 2,220 (64) (232) (296) 2,039 1,133 3,172 Other 1 1 2 2 (1) (1) Ending balance $ 3,812 $ 1,918 $ 5,730 $ 3,380 $ 2,548 $ 5,928 $ 3,812 $ 1,918 $ 5,730 $ 3,380 $ 2,548 $ 5,928 Allowance for unfunded lending related commitments (c) Beginning balance $ 403 $ 104 $ 507 $ 344 $ 106 $ 450 $ 485 $ 99 $ 584 $ 316 $ 2 $ 318 Adoption of ASU 2016-13 (a) 53 126 179 Beginning balance, adjusted 403 104 507 344 106 450 485 99 584 369 128 497 Acquisition PCD reserves 43 3 46 43 3 46 Provision for (recapture of) credit 87 5 92 204 8 212 5 10 15 179 (14) 165 Ending balance $ 533 $ 112 $ 645 $ 548 $ 114 $ 662 $ 533 $ 112 $ 645 $ 548 $ 114 $ 662 Allowance for credit losses at June 30 (d) $ 4,345 $ 2,030 $ 6,375 $ 3,928 $ 2,662 $ 6,590 $ 4,345 $ 2,030 $ 6,375 $ 3,928 $ 2,662 $ 6,590 (a) Represents the impact of adopting ASU 2016-13, Financial Instruments - Credit Losses on January 1, 2020 and our transition from an incurred loss methodology for our reserves to an expected credit loss methodology. (b) Amounts for the three and six months ended June 30, 2021 included $248 million attributable to BBVA, which primarily represents the charge-off of certain loans previously charged-off by BBVA, which were written up upon acquisition to unpaid principal balance as required by purchase accounting. (c) See Note 8 Commitments for additional information about the underlying commitments related to this allowance. (d) Represents the ALLL plus allowance for unfunded lending related commitments and excludes allowances for investment securities and other financial assets, which together totaled $138 million and $51 million at June 30, 2021 and June 30, 2020, respectively.

Loan Sale and Servicing Activ_2

Loan Sale and Servicing Activities and Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2021
Loan Sale and Servicing Activities and Variable Interest Entities [Abstract]
Cash Flows Associated with Loan Sale and Servicing Activities	The following table provides cash flows associated with our loan sale and servicing activities: Table 57: Cash Flows Associated with Loan Sale and Servicing Activities In millions Residential Commercial Cash Flows - Three months ended June 30, 2021 Sales of loans (b) $ 2,283 $ 735 Repurchases of previously transferred loans (c) $ 51 $ 9 Servicing fees (d) $ 83 $ 38 Servicing advances recovered/(funded), net $ (5) $ (26) Cash flows on mortgage-backed securities held (e) $ 2,660 $ 19 Cash Flows - Three months ended June 30, 2020 Sales of loans (b) $ 2,195 $ 1,334 Repurchases of previously transferred loans (c) $ 100 $ 10 Servicing fees (d) $ 81 $ 31 Servicing advances recovered/(funded), net $ 7 $ (140) Cash flows on mortgage-backed securities held (e) $ 2,184 $ 14 Cash Flows - Six months ended June 30, 2021 Sales of loans (b) $ 3,522 $ 1,723 Repurchases of previously transferred loans (c) $ 144 $ 42 Servicing fees (d) $ 165 $ 76 Servicing advances recovered/(funded), net $ 12 $ (36) Cash flows on mortgage-backed securities held (e) $ 5,215 $ 48 Cash Flows - Six months ended June 30, 2020 Sales of loans (b) $ 3,529 $ 1,827 Repurchases of previously transferred loans (c) $ 195 $ 25 Servicing fees (d) $ 166 $ 64 Servicing advances recovered/(funded), net $ 19 $ (128) Cash flows on mortgage-backed securities held (e) $ 3,545 $ 51 (a) Represents cash flow information associated with both commercial mortgage loan transfers and servicing activities. (b) Gains/losses recognized on sales of loans were insignificant for the periods presented. (c) Includes both residential and commercial mortgage government insured or guaranteed loans eligible for repurchase through the exercise of our ROAP option, as well as residential mortgage loans repurchased due to alleged breaches of origination covenants or representations and warranties made to purchasers. (d) Includes contractually specified servicing fees, late charges and ancillary fees.
Principal Balance, Delinquent Loans (Loans 90 Days or More Past Due), and Net Charge-Offs Related to Serviced Loans	Table 58: Principal Balance, Delinquent Loans and Net Charge-offs Related to Serviced Loans For Others In millions Residential Mortgages Commercial Mortgages (a) June 30, 2021 Total principal balance $ 44,345 $ 41,036 Delinquent loans (b) $ 548 $ 62 December 31, 2020 Total principal balance $ 43,351 $ 40,790 Delinquent loans (b) $ 453 $ 136 Three months ended June 30, 2021 Net charge-offs (c) $ 1 $ 25 Three months ended June 30, 2020 Net charge-offs (c) $ 2 Six months ended June 30, 2021 Net charge-offs (c) $ 3 $ 178 Six months ended June 30, 2020 Net charge-offs (c) $ 10 $ 99 (a) Represents information at the securitization level in which we have sold loans and we are the servicer for the securitization. (b) Serviced delinquent loans are 90 days or more past due or are in process of foreclosure. (c) Net charge-offs for Residential mortgages represent credit losses less recoveries distributed and as reported to investors during the period. Net charge-offs for Commercial mortgages represent credit losses less recoveries distributed and as reported by the trustee for commercial mortgage-backed securitizations. Realized losses for Agency securitizations are not reflected as we do not manage the underlying real estate upon foreclosure and, as such, do not have access to loss information.
Non-Consolidated VIEs	Table 59: Non-Consolidated VIEs In millions PNC Risk of Loss (a) Carrying Value of Assets Carrying Value of Liabilities June 30, 2021 Mortgage-backed securitizations (b) $ 18,849 $ 18,849 (c) $ 1 Tax credit investments and other 3,813 3,891 (d) 1,787 (e) Total $ 22,662 $ 22,740 $ 1,788 December 31, 2020 Mortgage-backed securitizations (b) $ 18,207 $ 18,207 (c) $ 1 Tax credit investments and other 3,121 2,894 (d) 1,198 (e) Total $ 21,328 $ 21,101 $ 1,199 (a) Represents loans, investments and other assets related to non-consolidated VIEs, net of collateral (if applicable). The risk of loss excludes any potential tax recapture associated with tax credit investments. (b) Amounts reflect involvement with securitization SPEs where we transferred to and/or service loans for an SPE and we hold securities issued by that SPE. Values disclosed in the PNC Risk of Loss column represent our maximum exposure to loss for those securities’ holdings. (c) Included in Investment securities, Mortgage servicing rights and Other assets on our Consolidated Balance Sheet. (d) Included in Investment securities, Loans, Equity investments and Other assets on our Consolidated Balance Sheet. (e) Included in Deposits and Other liabilities on our Consolidated Balance Sheet.

Goodwill and Mortgage Servici_2

Goodwill and Mortgage Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill by Business Segment	Allocations of Goodwill by business segment during 2021 and 2020 follow: Table 60: Goodwill by Business Segment In millions Retail Banking Corporate & Institutional Banking Asset Management Group Total June 30, 2021 (a) $ 6,493 $ 4,274 $ 191 $ 10,958 December 31, 2020 $ 5,795 $ 3,374 $ 64 $ 9,233
Mortgage Servicing Rights	Changes in the commercial and residential MSRs follow: Table 61: Mortgage Servicing Rights Commercial MSRs Residential MSRs In millions 2021 2020 2021 2020 January 1 $ 569 $ 649 $ 673 $ 995 Additions: BBVA Acquisition 35 From loans sold with servicing retained 39 45 37 22 Purchases 21 23 372 61 Changes in fair value due to: Time and payoffs (a) (57) (61) (160) (82) Other (b) 110 (166) 154 (419) June 30 $ 682 $ 490 $ 1,111 $ 577 Related unpaid principal balance at June 30 $ 262,856 $ 228,985 $ 145,312 $ 122,043 Servicing advances at June 30 $ 473 $ 285 $ 134 $ 92 (a) Represents decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period. (b) Represents MSR value changes resulting primarily from market-driven changes in interest rates.
Commercial Mortgage Loan Servicing Assets - Key Valuation Assumptions	The following tables set forth the fair value of commercial and residential MSRs and the sensitivity analysis of the hypothetical effect on the fair value of MSRs to immediate adverse changes of 10% and 20% in those assumptions. Table 62: Commercial Mortgage Servicing Rights – Key Valuation Assumptions Dollars in millions June 30 December 31 Fair value $ 682 $ 569 Weighted-average life (years) 4.5 4.4 Weighted-average constant prepayment rate 5.20 % 4.87 % Decline in fair value from 10% adverse change $ 11 $ 9 Decline in fair value from 20% adverse change $ 20 $ 18 Effective discount rate 7.56 % 7.33 % Decline in fair value from 10% adverse change $ 19 $ 15 Decline in fair value from 20% adverse change $ 39 $ 31
Residential Mortgage Loan Servicing Assets - Key Valuation Assumptions	The following tables set forth the fair value of commercial and residential MSRs and the sensitivity analysis of the hypothetical effect on the fair value of MSRs to immediate adverse changes of 10% and 20% in those assumptions. Table 63: Residential Mortgage Servicing Rights – Key Valuation Assumptions Dollars in millions June 30 December 31 Fair value $ 1,111 $ 673 Weighted-average life (years) 5.5 3.8 Weighted-average constant prepayment rate 12.88 % 21.13 % Decline in fair value from 10% adverse change $ 49 $ 41 Decline in fair value from 20% adverse change $ 100 $ 82 Weighted-average option adjusted spread 881 bps 922 bps Decline in fair value from 10% adverse change $ 35 $ 20 Decline in fair value from 20% adverse change $ 68 $ 38

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Components of Lease Income	Table 64: Lessor Income Three months ended Six months ended In millions 2021 2020 2021 2020 Product Sales-type leases and direct financing leases (a) $ 61 $ 70 $ 123 $ 141 Operating leases (b) 20 25 40 52 Lessor income $ 81 $ 95 $ 163 $ 193 (a) Included in Loan interest income on the Consolidated Income Statement. (b) Included in Corporate services on the Consolidated Income Statement.
Sales-type Lease, Lease Income	Table 64: Lessor Income Three months ended Six months ended In millions 2021 2020 2021 2020 Product Sales-type leases and direct financing leases (a) $ 61 $ 70 $ 123 $ 141 Operating leases (b) 20 25 40 52 Lessor income $ 81 $ 95 $ 163 $ 193 (a) Included in Loan interest income on the Consolidated Income Statement. (b) Included in Corporate services on the Consolidated Income Statement.
Direct Financing Lease, Lease Income	Table 64: Lessor Income Three months ended Six months ended In millions 2021 2020 2021 2020 Product Sales-type leases and direct financing leases (a) $ 61 $ 70 $ 123 $ 141 Operating leases (b) 20 25 40 52 Lessor income $ 81 $ 95 $ 163 $ 193 (a) Included in Loan interest income on the Consolidated Income Statement. (b) Included in Corporate services on the Consolidated Income Statement.

Commitments (Tables)

Commitments (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Guarantees [Abstract]
Commitments to Extend Credit and Other Commitments	Table 65: Commitments to Extend Credit and Other Commitments In millions June 30 December 31 Commitments to extend credit Commercial $ 176,396 $ 153,089 Home equity lines of credit 19,301 16,626 Credit card 35,092 31,019 Other 10,645 7,087 Total commitments to extend credit (a) 241,434 207,821 Net outstanding standby letters of credit (b) 9,803 9,053 Standby bond purchase agreements (c) 1,516 1,448 Other commitments (d) 3,064 2,046 Total commitments to extend credit and other commitments $ 255,817 $ 220,368 (a) Includes $28.3 billion from BBVA at June 30, 2021. (b) Net outstanding standby letters of credit include $3.7 billion and $3.8 billion at June 30, 2021 and December 31, 2020, respectively, which support remarketing programs. (c) We enter into standby bond purchase agreements to support municipal bond obligations.

Total Equity and Other Compre_2

Total Equity and Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2021
Other Comprehensive Income [Abstract]
Rollforward of Total Equity	Activity in total equity for the three and six months ended June 30, 2021 and 2020 is as follows: Table 66: Rollforward of Total Equity Shareholders’ Equity In millions Shares Common Capital Capital Retained Accumulated Treasury Non- Total Equity Three months ended Balance at March 31, 2020 (a) 424 $ 2,712 $ 3,994 $ 12,294 $ 41,885 $ 2,518 $ (14,140) $ 27 $ 49,290 Net income 3,648 7 3,655 Other comprehensive income, net of tax 551 551 Cash dividends declared - Common (491) (491) Cash dividends declared - Preferred (55) (55) Preferred stock discount accretion 1 (1) Common stock activity 11 11 Treasury stock activity 1 2 12 14 Other (18) (9) (27) Balance at June 30, 2020 (a) 425 $ 2,712 $ 3,995 $ 12,289 $ 44,986 $ 3,069 $ (14,128) $ 25 $ 52,948 Balance at March 31, 2021 (a) 425 $ 2,713 $ 3,518 $ 12,361 $ 48,113 $ 1,290 $ (14,146) $ 30 $ 53,879 Net income 1,091 12 1,103 Other comprehensive income, net of tax 173 173 Cash dividends declared - Common (492) (492) Cash dividends declared - Preferred (48) (48) Preferred stock discount accretion 1 (1) Common stock activity 12 12 Treasury stock activity 4 6 10 Other 32 16 48 Balance at June 30, 2021 (a) 425 $ 2,713 $ 3,519 $ 12,409 $ 48,663 $ 1,463 $ (14,140) $ 58 $ 54,685 Six months ended Balance at December 31, 2019 (a) 433 $ 2,712 $ 3,993 $ 12,376 $ 42,215 $ 799 $ (12,781) $ 29 $ 49,343 Cumulative effect of ASU 2016-13 adoption (b) (671) (671) Balance at January 1, 2020 (a) 433 $ 2,712 $ 3,993 $ 12,376 $ 41,544 $ 799 $ (12,781) $ 29 $ 48,672 Net income 4,556 14 4,570 Other comprehensive income (loss), net of tax 2,270 2,270 Cash dividends declared - Common (994) (994) Cash dividends declared - Preferred (118) (118) Preferred stock discount accretion 2 (2) Common stock activity 11 11 Treasury stock activity (8) 51 (1,347) (1,296) Other (149) (18) (167) Balance at June 30, 2020 (a) 425 $ 2,712 $ 3,995 $ 12,289 $ 44,986 $ 3,069 $ (14,128) $ 25 $ 52,948 Balance at December 31, 2020 (a) 424 $ 2,713 $ 3,517 $ 12,367 $ 46,848 $ 2,770 $ (14,205) $ 31 $ 54,041 Net income 2,907 22 2,929 Other comprehensive income, net of tax (1,307) (1,307) Cash dividends declared - Common (985) (985) Cash dividends declared - Preferred (105) (105) Preferred stock discount accretion 2 (2) Common stock activity 12 12 Treasury stock activity 1 73 65 138 Other (43) 5 (38) Balance at June 30, 2021 (a) 425 $ 2,713 $ 3,519 $ 12,409 $ 48,663 $ 1,463 $ (14,140) $ 58 $ 54,685 (a) The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation. (b) Represents the cumulative effect of adopting ASU 2016-13 - Financial Instruments - Credit Losses
Other Comprehensive Income (Loss)	Details of other comprehensive income (loss) are as follows: Table 67: Other Comprehensive Income (Loss) Three months ended June 30 Six months ended June 30 2021 2020 2021 2020 In millions Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Debt securities Net unrealized gains (losses) on securities $ 55 $ (13) $ 42 $ 579 $ (134) $ 445 $ (1,126) $ 265 $ (861) $ 2,241 $ (515) $ 1,726 Less: Net realized gains (losses) reclassified to 9 (2) 7 41 (9) 32 22 (5) 17 223 (51) 172 Net change 46 (11) 35 538 (125) 413 (1,148) 270 (878) 2,018 (464) 1,554 Cash flow hedge derivatives Net unrealized gains (losses) on cash flow 330 (78) 252 115 (27) 88 (310) 73 (237) 945 (217) 728 Less: Net realized gains (losses) reclassified to 108 (25) 83 103 (24) 79 243 (57) 186 148 (34) 114 Net change 222 (53) 169 12 (3) 9 (553) 130 (423) 797 (183) 614 Pension and other postretirement benefit Net pension and other postretirement benefit (43) 10 (33) (17) 4 (13) (13) 3 (10) (5) 1 (4) Net change (43) 10 (33) (17) 4 (13) (13) 3 (10) (5) 1 (4) Other Net unrealized gains (losses) on other transactions 2 2 2 (1) 1 1 3 4 10 (19) (9) Net change 2 2 2 (1) 1 1 3 4 10 (19) (9) Total other comprehensive income (loss) from 225 (52) 173 535 (125) 410 (1,713) 406 (1,307) 2,820 (665) 2,155 Total other comprehensive income (loss) from 182 (41) 141 148 (33) 115 Total other comprehensive income (loss) $ 225 $ (52) $ 173 $ 717 $ (166) $ 551 $ (1,713) $ 406 $ (1,307) $ 2,968 $ (698) $ 2,270 (a) Reclassifications for pre-tax debt securities and cash flow hedges are recorded in interest income and noninterest income on the Consolidated Income Statement. (b) Reclassifications include amortization of actuarial losses (gains) and amortization of prior period services costs (credits) which are recorded in noninterest expense on the Consolidated Income Statement.
Accumulated Other Comprehensive Income (Loss) Components	Table 68: Accumulated Other Comprehensive Income (Loss) Components In millions, after-tax Debt securities Cash flow hedge derivatives Pension and other postretirement benefit plan adjustments Other Accumulated other Comprehensive Income from Continuing Operations Accumulated other Comprehensive Income from Discontinued Operations Total Three months ended Balance at March 31, 2020 $ 2,208 $ 881 $ (399) $ (31) $ 2,659 $ (141) $ 2,518 Net activity 413 9 (13) 1 410 141 551 Balance at June 30, 2020 $ 2,621 $ 890 $ (412) $ (30) $ 3,069 $ 3,069 Balance at March 31, 2021 $ 1,549 $ 67 $ (322) $ (4) $ 1,290 $ 1,290 Net activity 35 169 (33) 2 173 173 Balance at June 30, 2021 $ 1,584 $ 236 $ (355) $ (2) $ 1,463 $ 1,463 Six months ended Balance at December 31, 2019 $ 1,067 $ 276 $ (408) $ (21) $ 914 $ (115) $ 799 Net activity 1,554 614 (4) (9) 2,155 115 2,270 Balance at June 30, 2020 $ 2,621 $ 890 $ (412) $ (30) $ 3,069 $ 3,069 Balance at December 31, 2020 $ 2,462 $ 659 $ (345) $ (6) $ 2,770 $ 2,770 Net activity (878) (423) (10) 4 (1,307) (1,307) Balance at June 30, 2021 $ 1,584 $ 236 $ (355) $ (2) $ 1,463 $ 1,463
Dividends Declared	The following table provides the dividends per share for PNC's common and preferred stock: Table 69: Dividends Per Share (a) Three months ended June 30 Six months ended June 30 2021 2020 2021 2020 Common Stock $ 1.15 $ 1.15 $ 2.30 $ 2.30 Preferred Stock Series B $ 0.45 $ 0.45 $ 0.90 $ 0.90 Series O $ 3,375 $ 3,375 Series P $ 1,532 $ 1,532 $ 3,063 $ 3,063 Series Q (b) $ 1,344 $ 2,688 Series R $ 2,425 $ 2,425 $ 2,425 $ 2,425 Series S $ 2,500 $ 2,500 $ 2,500 $ 2,500 (a) Dividends are payable quarterly other than Series O, Series R and Series S preferred stock, which are payable semiannually, with the Series O payable in different quarters from the Series R and Series S preferred stock. Beginning on August 1, dividends will be paid on the Series O on a quarterly basis (February 1, May 1, August 1, and November 1 of each year). (b) On September 1, 2020, PNC redeemed all 4,800 shares of its Series Q Preferred Stock, as well as all 19.2 million Depositary Shares representing fractional interest in such shares.

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Basic and Diluted Earnings per Common Share	Table 70: Basic and Diluted Earnings Per Common Share Three months ended Six months ended In millions, except per share data 2021 2020 2021 2020 Basic Net income (loss) from continuing operations $ 1,103 $ (744) $ 2,929 $ 15 Less: Net income attributable to noncontrolling interests 12 7 22 14 Preferred stock dividends 48 55 105 118 Preferred stock discount accretion and redemptions 1 1 2 2 Net income (loss) from continuing operations attributable to common shareholders 1,042 (807) 2,800 (119) Less: Dividends and undistributed earnings allocated to nonvested restricted shares 5 1 13 4 Net income (loss) from continuing operations attributable to basic common shareholders $ 1,037 $ (808) $ 2,787 $ (123) Net income from discontinued operations attributable to common shareholders $ 4,399 $ 4,555 Less: Undistributed earnings allocated to nonvested restricted shares 21 22 Net income from discontinued operations attributable to basic common shareholders $ 4,378 $ 4,533 Basic weighted-average common shares outstanding 427 426 426 428 Basic earnings (loss) per common share from continuing operations (a) $ 2.43 $ (1.90) $ 6.54 $ (0.29) Basic earnings per common share from discontinued operations (a) $ 10.28 $ 10.60 Basic earnings per common share (b) $ 2.43 $ 8.40 $ 6.54 $ 10.33 Diluted Net income (loss) from continuing operations attributable to diluted common shareholders $ 1,037 $ (808) $ 2,787 $ (123) Net income from discontinued operations attributable to basic common shareholders $ 4,378 $ 4,533 Less: Impact of earnings per share dilution from discontinued operations 1 2 Net income from discontinued operations attributable to diluted common shareholders $ 4,377 $ 4,531 Basic weighted-average common shares outstanding 427 426 426 428 Dilutive potential common shares (c) 1 Diluted weighted-average common shares outstanding 427 426 427 428 Diluted earnings (loss) per common share from continuing operations (a) $ 2.43 $ (1.90) $ 6.53 $ (0.29) Diluted earnings per common share from discontinued operations (a) $ 10.28 $ 10.59 Diluted earnings per common share (b) $ 2.43 $ 8.40 $ 6.53 $ 10.32 (a) Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities). (b) For additional information on our policy for not allocating losses to participating securities, see the Earnings Per Common Share section of Note 1 Accounting Policies included in Item 8 of our 2020 Form 10-K.

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value [Abstract]
Fair Value Measurements - Recurring Basis Summary	Table 71: Fair Value Measurements – Recurring Basis Summary June 30, 2021 December 31, 2020 In millions Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Residential mortgage loans held for sale $ 1,385 $ 119 $ 1,504 $ 691 $ 163 $ 854 Commercial mortgage loans held for sale 165 52 217 305 57 362 Other consumer loans held for sale 239 239 Securities available for sale U.S. Treasury and government agencies $ 34,627 4,384 39,011 $ 16,675 4,036 20,711 Residential mortgage-backed Agency 67,314 67,314 48,911 48,911 Non-agency 86 1,237 1,323 136 1,365 1,501 Commercial mortgage-backed Agency 2,331 2,331 2,688 2,688 Non-agency 4,068 11 4,079 3,678 11 3,689 Asset-backed 5,522 175 5,697 4,951 199 5,150 Other 5,230 73 5,303 4,636 72 4,708 Total securities available for sale 34,627 88,935 1,496 125,058 16,675 69,036 1,647 87,358 Loans 748 979 1,727 718 647 1,365 Equity investments (a) 922 1,540 2,697 1,070 1,263 2,629 Residential mortgage servicing rights 1,111 1,111 673 673 Commercial mortgage servicing rights 682 682 569 569 Trading securities (b) 621 1,208 1,829 548 1,690 2,238 Financial derivatives (b) (c) 3 6,357 87 6,447 6,415 118 6,533 Other assets 450 104 554 373 81 454 Total assets (d) $ 36,623 $ 98,902 $ 6,305 $ 142,065 $ 18,666 $ 78,936 $ 5,137 $ 103,035 Liabilities Other borrowed funds $ 732 $ 76 $ 2 $ 810 $ 661 $ 44 $ 2 $ 707 Financial derivatives (c) (e) 3,519 200 3,719 2,483 273 2,756 Other liabilities 124 124 43 43 Total liabilities (f) $ 732 $ 3,595 $ 326 $ 4,653 $ 661 $ 2,527 $ 318 $ 3,506 (a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. (b) Included in Other assets on the Consolidated Balance Sheet. (c) Amounts at June 30, 2021 and December 31, 2020 are presented gross and are not reduced by the impact of legally enforceable master netting agreements that allow us to net positive and negative positions and cash collateral held or placed with the same counterparty. See Note 12 Financial Derivatives for additional information related to derivative offsetting. (d) Total assets at fair value as a percentage of total consolidated assets was 26% and 22% as of June 30, 2021 and December 31, 2020, respectively. Level 3 assets as a percentage of total assets at fair value was 4% and 5% at June 30, 2021 and December 31, 2020, respectively. Level 3 assets as a percentage of total consolidated assets was 1% at both June 30, 2021 and December 31, 2020. (e) Included in Other liabilities on the Consolidated Balance Sheet. (f) Total liabilities at fair value as a percentage of total consolidated liabilities was 1% at both June 30, 2021 and December 31, 2020. Level 3 liabilities as a percentage of total liabilities at fair value was 7% and 9% as of June 30, 2021 and December 31, 2020, respectively. Level 3 liabilities as a percentage of total consolidated liabilities was less than 1% at both June 30, 2021 and December 31, 2020.
Reconciliation of Level 3 Assets and Liabilities	Reconciliations of assets and liabilities measured at fair value on a recurring basis using Level 3 inputs for the six months ended June 30, 2021 and 2020 follow: Table 72: Reconciliation of Level 3 Assets and Liabilities Three Months Ended June 30, 2021 Total realized / unrealized Unrealized Level 3 Instruments Only Fair Value Mar. 31, 2021 Included in Included Purchases Sales Issuances Settlements Transfers Transfers Impact from BBVA Acquisition Fair Assets Residential mortgage $ 165 $ (1) $ 3 $ (36) $ (12) $ 5 $ (5) (e) $ 119 Commercial mortgage 56 1 (6) 1 52 Other consumer loans $ 239 239 Securities available for sale Residential mortgage- 1,316 11 (90) 1,237 Commercial mortgage- 11 11 Asset-backed 194 $ 2 (21) 175 Other 72 1 2 (2) 73 Total securities 1,593 11 3 2 (113) 1,496 Loans 711 10 9 (3) (35) (5) (e) 292 979 $ 10 Equity investments 1,343 157 92 (52) 1,540 136 Residential mortgage 979 (141) 301 $ 24 (87) 35 1,111 (141) Commercial mortgage 701 (19) 8 21 (29) 682 (18) Financial derivatives 63 60 2 (43) 5 87 57 Total assets $ 5,611 $ 78 $ 3 $ 417 $ (97) $ 45 $ (318) $ 5 $ (10) $ 571 $ 6,305 $ 44 Liabilities Other borrowed funds $ 2 $ 2 Financial derivatives 227 $ 4 $ 1 $ (39) $ 7 200 $ 19 Other liabilities 73 28 $ 287 (264) 124 27 Total liabilities $ 302 $ 32 $ 1 $ 287 $ (303) $ 7 $ 326 $ 46 Net gains (losses) $ 46 (f) $ (2) (g) Three Months Ended June 30, 2020 Total realized / unrealized Unrealized gains/losses on assets and liabilities held on Consolidated Balance Sheet at June 30, 2020 Level 3 Instruments Only Fair Value Mar. 31, 2020 Included in Earnings Included in Other comprehensive income (b) Purchases Sales Issuances Settlements Transfers into Level 3 Transfers out of Level 3 Fair Value June 30, 2020 Assets Residential mortgage loans $ 4 $ 5 $ (1) $ (3) $ 83 $ 88 Commercial mortgage 60 60 Securities available for sale Residential mortgage- 1,442 $ 12 $ 123 (86) 1,491 Commercial mortgage-backed non-agency 19 19 Asset-backed 202 2 16 (10) 210 Other 73 2 (3) 72 Total securities 1,717 14 141 (99) 19 1,792 Loans 655 2 55 (5) (22) (d) $ (78) (e) 607 $ 2 Equity investments 1,220 (62) 42 (17) 1,183 (62) Residential mortgage 605 (40) 43 $ 12 (43) 577 (41) Commercial mortgage 477 1 4 34 (26) 490 1 Financial derivatives 135 50 4 (48) 141 84 Total assets $ 4,873 $ (35) $ 141 $ 153 $ (23) $ 46 $ (241) $ 102 $ (78) $ 4,938 $ (16) Liabilities Other borrowed funds $ 5 $ 13 $ (16) $ 2 Financial derivatives 185 $ 28 $ 1 (5) 209 $ 27 Other liabilities 72 4 26 (19) $ 2 85 (2) Total liabilities $ 262 $ 32 $ 1 $ 39 $ (40) $ 2 $ 296 $ 25 Net gains (losses) $ (67) (f) $ (41) (g) Six Months Ended June 30, 2021 Total realized / unrealized Unrealized gains / losses on assets and liabilities held on Consolidated Balance Sheet at June 30, 2021 (a) (c) Level 3 Instruments Only Fair Included in Included Purchases Sales Issuances Settlements Transfers Transfers Impact from BBVA Acquisition Fair Value June 30, 2021 Assets Residential mortgage $ 163 $ 38 $ (52) $ (28) $ 8 $ (10) (e) $ 119 Commercial mortgage 57 (6) 1 52 $ 1 Other consumer loans held for sale $ 239 239 Securities available for sale Residential mortgage- 1,365 $ 20 $ 16 (164) 1,237 Commercial mortgage- 11 11 Asset-backed 199 1 5 (30) 175 Other 72 1 3 (3) 73 Total securities 1,647 21 22 3 (197) 1,496 Loans 647 20 97 (6) (63) (d) (8) (e) 292 979 20 Equity investments 1,263 224 132 (79) 1,540 199 Residential mortgage 673 154 372 $ 37 (160) 35 1,111 154 Commercial mortgage 569 110 21 39 (57) 682 111 Financial derivatives 118 46 3 (85) 5 87 46 Total assets $ 5,137 $ 575 $ 22 $ 666 $ (143) $ 76 $ (589) $ 8 $ (18) $ 571 $ 6,305 $ 531 Liabilities Other borrowed funds $ 2 $ 1 $ (1) $ 2 Financial derivatives 273 $ (10) $ 3 (73) $ 7 200 $ (11) Other liabilities 43 63 317 (299) 124 31 Total liabilities $ 318 $ 53 $ 3 $ 318 $ (373) $ 7 $ 326 $ 20 Net gains (losses) $ 522 (f) $ 511 (g) Six Months Ended June 30, 2020 Total realized / unrealized Unrealized gains/losses on assets and liabilities held on Consolidated Balance Sheet at June 30, 2020 Level 3 Instruments Only Fair Included in Included Purchases Sales Issuances Settlements Transfers Transfers Fair Value June 30, 2020 Assets Residential mortgage loans $ 2 $ 7 $ (2) $ (3) $ 87 $ (3) (e) $ 88 Commercial mortgage 64 $ (1) (3) 60 $ (1) Securities available for sale Residential mortgage- 1,741 28 $ (99) (179) 1,491 Commercial mortgage- 19 19 Asset-backed 240 4 (13) (21) 210 Other 74 (3) 4 (3) 72 Total securities 2,055 32 (115) 4 (203) 19 1,792 Loans 300 13 71 (31) 340 (86) (e) 607 13 Equity investments 1,276 (131) 113 (75) 1,183 (125) Residential mortgage 995 (419) 61 $ 22 (82) 577 (420) Commercial mortgage 649 (166) 23 45 (61) 490 (166) Financial derivatives 54 151 6 (70) 141 158 Total assets $ 5,395 $ (521) $ (115) $ 285 $ (108) $ 67 $ (82) $ 106 $ (89) $ 4,938 $ (541) Liabilities Other borrowed funds $ 7 $ 25 $ (30) $ 2 Financial derivatives 200 $ 36 $ 2 (29) 209 $ 37 Other liabilities 137 6 37 (97) $ 2 85 (8) Total liabilities $ 344 $ 42 $ 2 $ 62 $ (156) $ 2 $ 296 $ 29 Net gains (losses) $ (563) (f) $ (570) (g) (a) Losses for assets are bracketed while losses for liabilities are not. (b) The difference in unrealized gains and losses for the period included in Other comprehensive income and changes in unrealized gains and losses for the period included in Other comprehensive income for securities available for sale held at the end of the reporting period were not significant. (c) The amount of the total gains or losses for the period included in earnings that is attributable to the change in unrealized gains or losses related to those assets and liabilities held at the end of the reporting period. (d) Upon adoption of ASU 2016-13 - Credit Losses , we discontinued the accounting for purchased impaired loans and elected the one-time fair value option election for some of these loans and certain nonperforming loans. (e) Residential mortgage loan transfers out of Level 3 are primarily driven by residential mortgage loans transferring to OREO as well as reclassification of mortgage loans held for sale to held for investment. (f) Net gains (losses) realized and unrealized included in earnings related to Level 3 assets and liabilities included amortization and accretion. The amortization and accretion amounts were included in Interest income on the Consolidated Income Statement and the remaining net gains (losses) realized and unrealized were included in Noninterest income on the Consolidated Income Statement. (g) Net unrealized gains (losses) related to assets and liabilities held at the end of the reporting period were included in Noninterest income on the Consolidated Income Statement.
Fair Value Measurements - Recurring Quantitative Information	Quantitative information about the significant unobservable inputs within Level 3 recurring assets and liabilities follows: Table 73: Fair Value Measurements – Recurring Quantitative Information June 30, 2021 Level 3 Instruments Only Fair Value Valuation Techniques Unobservable Inputs Range (Weighted-Average) (a) Commercial mortgage loans held for sale $ 52 Discounted cash flow Spread over the benchmark curve (b) 620bps - 7,880bps (4,950bps) Other consumer loans held for sale 239 Consensus pricing (c) Loss severity 4.8% - 95.0% (5.6%) Residential mortgage-backed 1,237 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 30.7% (11.1%) Constant default rate 0.0% - 16.9% (4.7%) Loss severity 25.0% -95.7% (48.1%) Spread over the benchmark curve (b) 176bps weighted-average Asset-backed securities 175 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 40.0% (9.4%) Constant default rate 1.4% - 6.0% (2.9%) Loss severity 8.0% - 100.0% (54.5%) Spread over the benchmark curve (b) 197bps weighted-average Loans - Residential real estate 662 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (79.7%) Loss severity 0.0 % - 100.0% (9.6%) Discount rate 4.8% - 6.8% (5.1%) 125 Discounted cash flow Loss severity 8.0% weighted-average Discount rate 3.2% weighted-average Loans - Home equity 19 Consensus pricing (c) Cumulative default rate 3.6% -100.0% (83.9%) Loss severity 0.0% - 98.4% (29.6%) Discount rate 4.8% - 6.8% (6.2%) 173 Consensus pricing (c) Credit and liquidity discount 0.0% - 100.0% (35.7%) Equity investments 1,540 Multiple of adjusted earnings Multiple of earnings 4.0x - 28.7x (9.2x) Residential mortgage servicing rights 1,111 Discounted cash flow Constant prepayment rate 0.0% - 37.8% (12.9%) Spread over the benchmark curve (b) 362bps - 2,661bps (881bps) Commercial mortgage servicing rights 682 Discounted cash flow Constant prepayment rate 4.6% - 14.3% (5.2%) Discount rate 5.2% - 7.9% (7.6%) Financial derivatives - Swaps related to (182) Discounted cash flow Estimated conversion factor of Visa Class B shares into Class A shares 162.3% weighted-average Estimated annual growth rate of Visa Class A share price 16.0% Estimated length of litigation resolution date Q2 2022 Insignificant Level 3 assets, net of 146 Total Level 3 assets, net of liabilities (e) $ 5,979 December 31, 2020 Level 3 Instruments Only Fair Value Valuation Techniques Unobservable Inputs Range (Weighted-Average) (a) Commercial mortgage loans held for sale $ 57 Discounted cash flow Spread over the benchmark curve (b) 630bps - 5,275bps (3,406bps) Residential mortgage-backed 1,365 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% - 37.6% (8.6%) Constant default rate 0.0% - 12.2% (4.7%) Loss severity 25.0% - 95.7% (48.8%) Spread over the benchmark curve (b) 242bps weighted-average Asset-backed securities 199 Priced by a third-party vendor using a discounted cash flow pricing model Constant prepayment rate 1.0% -22.0% (7.4%) Constant default rate 1.0% - 6.0% (3.3%) Loss severity 30.0% - 100.0% (58.1%) Spread over the benchmark curve (b) 291bps weighted-average Loans - Residential real estate 434 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (82.1%) Loss severity 0.0% - 100.0% (11.2%) Discount rate 4.8% - 6.8% (5.1%) 132 Discounted cash flow Loss severity 8.0% weighted-average Discount rate 3.2% weighted-average Loans - Home equity 21 Consensus pricing (c) Cumulative default rate 3.6% - 100.0% (88.5%) Loss severity 0.0% -98.4% (33.3%) Discount rate 4.8% - 6.8% (6.3%) 60 Consensus pricing (c) Credit and Liquidity discount 17.5% -97.0% (57.7%) Equity investments 1,263 Multiple of adjusted earnings Multiple of earnings 5.0x - 15.9x (8.7x) Residential mortgage servicing rights 673 Discounted cash flow Constant prepayment rate 0.0% - 77.5% (21.1%) Spread over the benchmark curve (b) 325bps - 2,783bps (922bps) Commercial mortgage servicing rights 569 Discounted cash flow Constant prepayment rate 4.0% - 16.1% (4.9%) Discount rate 4.7% - 7.8% (7.3%) Financial derivatives - Swaps related to (252) Discounted cash flow Estimated conversion factor of Visa Class B shares into Class A shares 162.3% weighted-average Estimated annual growth rate of Visa Class A share price 16.0% Estimated length of litigation Q2 2022 Insignificant Level 3 assets, net of 298 Total Level 3 assets, net of liabilities (e) $ 4,819 (a) Unobservable inputs were weighted by the relative fair value of the instruments. (b) The assumed yield spread over the benchmark curve for each instrument is generally intended to incorporate non-interest rate risks, such as credit and liquidity risks. (c) Consensus pricing refers to fair value estimates that are generally internally developed using information such as dealer quotes or other third-party provided valuations or comparable asset prices. (d) Represents the aggregate amount of Level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant. The amount includes certain financial derivative assets and liabilities, trading securities, other securities, residential mortgage loans held for sale, other assets, other borrowed funds and other liabilities. (e) Consisted of total Level 3 assets of $6.3 billion and total Level 3 liabilities of $0.3 billion as of June 30, 2021 and $5.1 billion and $0.3 billion as of December 31, 2020, respectively.
Fair Value Measurements - Nonrecurring	Assets measured at fair value on a nonrecurring basis follow: Table 74: Fair Value Measurements – Nonrecurring (a) (b) (c) Fair Value Gains (Losses) Gains (Losses) In millions June 30 December 31 June 30 June 30 June 30 June 30 Assets Nonaccrual loans $ 266 $ 332 $ 5 $ (31) $ (4) $ (56) OREO and foreclosed assets 4 18 (1) (2) Long-lived assets 18 20 (9) (2) (11) (3) Total assets $ 288 $ 370 $ (4) $ (34) $ (15) $ (61) (a) All Level 3 for the periods presented. (b) Valuation techniques applied were fair value of property or collateral. (c) Unobservable inputs used were appraised value/sales price, broker opinions or projected income/required improvement costs. Additional quantitative information was not meaningful for the periods presented.
Fair Value Option - Fair Value and Principal Balances	Fair values and aggregate unpaid principal balances of certain items for which we elected the fair value option follow: Table 75: Fair Value Option – Fair Value and Principal Balances June 30, 2021 December 31, 2020 In millions Fair Value Aggregate Unpaid Difference Fair Value Aggregate Unpaid Difference Assets Residential mortgage loans held for sale Accruing loans less than 90 days past due $ 1,451 $ 1,404 $ 47 $ 831 $ 793 $ 38 Accruing loans 90 days or more past due 3 3 4 4 Nonaccrual loans 50 59 (9) 20 24 (4) Total $ 1,504 $ 1,466 $ 38 $ 855 $ 821 $ 34 Commercial mortgage loans held for sale (a) Accruing loans less than 90 days past due $ 217 $ 234 $ (17) $ 357 $ 370 $ (13) Nonaccrual loans 5 6 (1) Total $ 217 $ 234 $ (17) $ 362 $ 376 $ (14) Other consumer loans held for sale Accruing loans less than 90 days past due $ 239 $ 252 $ (13) Accruing loans 90 days or more past due 1 (1) Total $ 239 $ 253 $ (14) Loans Accruing loans less than 90 days past due $ 714 $ 733 $ (19) $ 519 $ 530 $ (11) Accruing loans 90 days or more past due 290 308 (18) 283 295 (12) Nonaccrual loans 723 1,013 (290) 563 820 (257) Total $ 1,727 $ 2,054 $ (327) $ 1,365 $ 1,645 $ (280) Other assets $ 98 $ 102 $ (4) $ 81 $ 69 $ 12 Liabilities Other borrowed funds $ 26 $ 26 $ 32 $ 33 $ (1) (a) There were no accruing loans 90 days or more past due within this category at June 30, 2021 or December 31, 2020.
Fair Value Option - Changes in Fair Value	The changes in fair value for items for which we elected the fair value option are as follows: Table 76: Fair Value Option – Changes in Fair Value (a) Gains (Losses) Gains (Losses) Three months ended Six months ended June 30 June 30 June 30 June 30 In millions 2021 2020 2021 2020 Assets Residential mortgage loans held for sale $ 57 $ 52 $ 73 $ 98 Commercial mortgage loans held for sale $ 26 $ 12 $ 46 $ 60 Loans $ 17 $ 8 $ 31 $ 26 Other assets $ 8 $ 9 $ 22 $ (27) (a) The impact on earnings of offsetting hedged items or hedging instruments is not reflected in these amounts.
Additional Fair Value Information Related to Other Financial Instruments	Table 77: Additional Fair Value Information Related to Other Financial Instruments Carrying Fair Value In millions Amount Total Level 1 Level 2 Level 3 June 30, 2021 Assets Cash and due from banks $ 8,724 $ 8,724 $ 8,724 Interest-earning deposits with banks 72,447 72,447 $ 72,447 Securities held to maturity 1,489 1,598 891 484 $ 223 Net loans (excludes leases) 280,872 286,818 286,818 Other assets 4,342 4,103 4,038 65 Total assets $ 367,874 $ 373,690 $ 9,615 $ 76,969 $ 287,106 Liabilities Time deposits $ 19,885 $ 19,771 $ 19,771 Borrowed funds 34,003 34,740 33,084 $ 1,656 Unfunded lending related commitments 645 645 645 Other liabilities 428 428 428 Total liabilities $ 54,961 $ 55,584 $ 53,283 $ 2,301 December 31, 2020 Assets Cash and due from banks $ 7,017 $ 7,017 $ 7,017 Interest-earning deposits with banks 85,173 85,173 $ 85,173 Securities held to maturity 1,445 1,604 920 489 $ 195 Net loans (excludes leases) 228,788 233,688 233,688 Other assets 3,601 3,600 3,559 41 Total assets $ 326,024 $ 331,082 $ 7,937 $ 89,221 $ 233,924 Liabilities Time deposits $ 19,692 $ 19,662 $ 19,662 Borrowed funds 36,488 37,192 35,571 $ 1,621 Unfunded lending related commitments 584 584 584 Other liabilities 413 413 413 Total liabilities $ 57,177 $ 57,851 $ 55,646 $ 2,205

Financial Derivatives (Tables)

Financial Derivatives (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Total Gross Derivatives	The following table presents the notional and gross fair value amounts of all derivative assets and liabilities held by us: Table 78: Total Gross Derivatives (a) June 30, 2021 December 31, 2020 In millions Notional / Asset Fair Liability Fair Notional / Asset Fair Liability Fair Derivatives used for hedging Interest rate contracts (d): Fair value hedges $ 25,293 $ 24,153 Cash flow hedges 35,405 $ 20 $ 13 22,875 $ 14 Foreign exchange contracts: Net investment hedges 1,100 33 1,075 $ 22 Total derivatives designated for hedging $ 61,798 $ 20 $ 46 $ 48,103 $ 14 $ 22 Derivatives not used for hedging Derivatives used for mortgage banking activities (e): Interest rate contracts: Swaps $ 32,917 $ 1 $ 50,511 Futures (f) 3,930 2,841 Mortgage-backed commitments 11,609 $ 104 58 11,288 $ 147 $ 77 Other 12,884 47 24 1,831 11 2 Total interest rate contracts 61,340 151 83 66,471 158 79 Derivatives used for customer-related activities: Interest rate contracts: Swaps 309,609 4,395 1,570 280,125 5,475 1,601 Futures (f) 981 1,235 Mortgage-backed commitments 4,236 10 8 4,178 11 14 Other 22,169 148 103 20,125 193 88 Total interest rate contracts 336,995 4,553 1,681 305,663 5,679 1,703 Commodity contracts: Swaps 8,535 1,207 1,223 6,149 350 323 Other 3,435 262 262 2,770 61 61 Total commodity contracts 11,970 1,469 1,485 8,919 411 384 Foreign exchange contracts and other 27,368 198 194 26,620 267 243 Total derivatives for customer-related activities 376,333 6,220 3,360 341,202 6,357 2,330 Derivatives used for other risk management activities: Foreign exchange contracts and other 13,639 56 230 10,931 4 325 Total derivatives not designated for hedging $ 451,312 $ 6,427 $ 3,673 $ 418,604 $ 6,519 $ 2,734 Total gross derivatives $ 513,110 $ 6,447 $ 3,719 $ 466,707 $ 6,533 $ 2,756 Less: Impact of legally enforceable master netting agreements 919 919 720 720 Less: Cash collateral received/paid 859 2,078 1,434 1,452 Total derivatives $ 4,669 $ 722 $ 4,379 $ 584 (a) Centrally cleared derivatives are settled in cash daily and result in no derivative asset or derivative liability being recognized on our Consolidated Balance Sheet . (b) Included in Other assets on our Consolidated Balance Sheet. (c) Included in Other liabilities on our Consolidated Balance Sheet. (d) Represents primarily swaps. (e) Includes both residential and commercial mortgage banking activities. (f) Futures contracts are settled in cash daily and result in no derivative asset or derivative liability being recognized on our Consolidated Balance Sheet.
Schedule of Fair Value and Cash Flow Hedges	Further detail regarding gains (losses) related to our fair value and cash flow hedge derivatives is presented in the following table: Table 79: Gains (Losses) Recognized on Fair Value and Cash Flow Hedges in the Consolidated Income Statement (a) (b) Location and Amount of Gains (Losses) Recognized in Income Interest Income Interest Expense Noninterest Income In millions Loans Investment Securities Borrowed Funds Other For the three months ended June 30, 2021 Total amounts on the Consolidated Income Statement $ 2,160 $ 469 $ 90 $ 468 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ 3 $ (106) Derivatives $ (2) $ 93 Amounts related to interest settlements on derivatives $ (1) $ 131 Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from AOCI $ 91 $ 16 $ 1 For the three months ended June 30, 2020 Total amounts on the Consolidated Income Statement $ 2,257 $ 527 $ 187 $ 271 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ 3 $ (80) Derivatives $ (2) $ 47 Amounts related to interest settlements on derivatives $ (2) $ 133 Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from AOCI $ 102 $ 1 For the six months ended June 30, 2021 Total amounts on the Consolidated Income Statement $ 4,156 $ 890 $ 185 $ 951 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ (5) $ 540 Derivatives $ 7 $ (571) Amounts related to interest settlements on derivatives $ (2) $ 265 Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from AOCI $ 191 $ 38 $ 14 For the six months ended June 30, 2020 Total amounts on the Consolidated Income Statement $ 4,737 $ 1,109 $ 501 $ 614 Gains (losses) on fair value hedges recognized on: Hedged items (c) $ 237 $ (1,441) Derivatives $ (233) $ 1,386 Amounts related to interest settlements on derivatives $ (4) $ 192 Gains (losses) on cash flow hedges (d): Amount of derivative gains (losses) reclassified from AOCI $ 144 $ 3 $ 1 (a) For all periods presented, there were no components of derivative gains or losses excluded from the assessment of hedge effectiveness for any of the fair value or cash flow hedge strategies. (b) All cash flow and fair value hedge derivatives were interest rate contracts for the periods presented. (c) Includes an insignificant amount of fair value hedge adjustments related to discontinued hedge relationships.
Schedule of Fair Value Hedges	Detail regarding the impact of fair value hedge accounting on the carrying value of the hedged items is presented in the following table: Table 80: Hedged Items - Fair Value Hedges June 30, 2021 December 31, 2020 In millions Carrying Value of the Hedged Items Cumulative Fair Value Hedge Adjustment included in the Carrying Value of Hedged Items (a) Carrying Value of the Hedged Items Cumulative Fair Value Hedge Adjustment included in the Carrying Value of Hedged Items (a) Investment securities - available for sale (b) $ 2,901 $ 23 $ 2,785 $ 30 Borrowed funds $ 25,512 $ 1,065 $ 25,797 $ 1,611 (a) Includes $(0.1) billion of fair value hedge adjustments primarily related to discontinued borrowed funds hedge relationships at both June 30, 2021 and December 31, 2020, respectively. (b) Carrying value shown represents amortized cost.
Gains (Losses) on Derivatives Not Designated as Hedging Instruments under GAAP	Further detail regarding the gains (losses) on derivatives not designated in hedging relationships is presented in the following table: Table 81: Gains (Losses) on Derivatives Not Designated for Hedging Three months ended Six months ended In millions 2021 2020 2021 2020 Derivatives used for mortgage banking activities: Interest rate contracts (a) $ 216 $ 125 $ (106) $ 779 Derivatives used for customer-related activities: Interest rate contracts 15 38 97 40 Foreign exchange contracts and other 43 29 65 40 Gains (losses) from customer-related activities (b) 58 67 162 80 Derivatives used for other risk management activities: Foreign exchange contracts and other (b) (29) (102) 19 105 Total gains (losses) from derivatives not designated as hedging instruments $ 245 $ 90 $ 75 $ 964 (a) Included in Residential mortgage, Corporate services and Other noninterest income on our Consolidated Income Statement. (b) Included in Other noninterest income on our Consolidated Income Statement.
Derivative Assets And Liabilities Offsetting	Table 82: Derivative Assets and Liabilities Offsetting In millions Amounts Offset on the Securities Collateral Held/Pledged Under Master Netting Agreements Gross Fair Value Cash Net Net Amounts June 30, 2021 Derivative assets Interest rate contracts: Over-the-counter cleared $ 27 $ 27 $ 27 Over-the-counter 4,697 $ 556 $ 830 3,311 $ 388 2,923 Commodity contracts 1,469 250 15 1,204 1,204 Foreign exchange and other contracts 254 113 14 127 1 126 Total derivative assets $ 6,447 $ 919 $ 859 $ 4,669 (a) $ 389 $ 4,280 Derivative liabilities Interest rate contracts: Over-the-counter cleared $ 21 $ 21 $ 21 Over-the-counter 1,756 $ 597 $ 949 210 210 Commodity contracts 1,485 253 997 235 235 Foreign exchange and other contracts 457 69 132 256 256 Total derivative liabilities $ 3,719 $ 919 $ 2,078 $ 722 (b) $ 722 December 31, 2020 Derivative assets Interest rate contracts: Over-the-counter cleared $ 48 $ 48 $ 48 Over-the-counter 5,803 $ 430 $ 1,426 3,947 $ 531 3,416 Commodity contracts 411 209 4 198 198 Foreign exchange and other contracts 271 81 4 186 1 185 Total derivative assets $ 6,533 $ 720 $ 1,434 $ 4,379 (a) $ 532 $ 3,847 Derivative liabilities Interest rate contracts: Over-the-counter cleared $ 42 $ 42 $ 42 Over-the-counter 1,740 $ 462 $ 1,179 99 99 Commodity contracts 384 182 103 99 99 Foreign exchange and other contracts 590 76 170 344 344 Total derivative liabilities $ 2,756 $ 720 $ 1,452 $ 584 (b) $ 584 (a) Represents the net amount of derivative assets included in Other assets on our Consolidated Balance Sheet. (b) Represents the net amount of derivative liabilities included in Other liabilities on our Consolidated Balance Sheet.

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Results of Businesses	Table 83: Results of Businesses Three months ended June 30 Retail Banking Corporate & Asset Other Consolidated (a) 2021 Income Statement Net interest income $ 1,497 $ 1,083 $ 112 $ (111) $ 2,581 Noninterest income 706 867 244 269 2,086 Total revenue 2,203 1,950 356 158 4,667 Provision for (recapture of) credit losses 214 104 23 (39) 302 Depreciation and amortization 73 51 5 127 256 Other noninterest expense 1,604 762 214 214 2,794 Income (loss) from continuing operations before income taxes (benefit) and 312 1,033 114 (144) 1,315 Income taxes (benefit) from continuing operations 73 220 27 (108) 212 Net income (loss) from continuing operations 239 813 87 (36) 1,103 Less: Net income attributable to noncontrolling interests 7 4 1 12 Net income (loss) from continuing operations excluding noncontrolling $ 232 $ 809 $ 87 $ (37) $ 1,091 Average Assets $ 100,948 $ 181,770 $ 10,640 $ 211,071 $ 504,429 2020 Income Statement Net interest income $ 1,390 $ 1,052 $ 89 $ (4) $ 2,527 Noninterest income 585 726 204 34 1,549 Total revenue 1,975 1,778 293 30 4,076 Provision for credit losses 761 1,585 39 78 2,463 Depreciation and amortization 67 51 12 121 251 Other noninterest expense 1,430 619 205 10 2,264 Income (loss) from continuing operations before income taxes (benefit) and (283) (477) 37 (179) (902) Income taxes (benefit) from continuing operations (63) (122) 9 18 (158) Net income (loss) from continuing operations (220) (355) 28 (197) (744) Less: Net income attributable to noncontrolling interests 3 3 1 7 Net income (loss) from continuing operations excluding noncontrolling $ (223) $ (358) $ 28 $ (198) $ (751) Average Assets $ 102,103 $ 199,254 $ 7,958 $ 147,998 $ 457,313 (Continued from previous page) Six months ended June 30 Retail Corporate & Asset Other Consolidated (a) 2021 Income Statement Net interest income $ 2,859 $ 2,074 $ 205 $ (209) $ 4,929 Noninterest income 1,360 1,674 473 451 3,958 Total revenue 4,219 3,748 678 242 8,887 Provision for (recapture of) credit losses (43) (178) 14 (42) (249) Depreciation and amortization 136 98 9 247 490 Other noninterest expense 3,017 1,426 412 279 5,134 Income (loss) from continuing operations before income taxes (benefit) and 1,109 2,402 243 (242) 3,512 Income taxes (benefit) from continuing operations 256 528 57 (258) 583 Net income from continuing operations 853 1,874 186 16 2,929 Less: Net income attributable to noncontrolling interests 14 7 1 22 Net income from continuing operations excluding noncontrolling $ 839 $ 1,867 $ 186 $ 15 $ 2,907 Average Assets $ 96,942 $ 176,182 $ 9,761 $ 203,540 $ 486,425 2020 Income Statement Net interest income $ 2,846 $ 2,002 $ 177 $ 13 $ 5,038 Noninterest income 1,373 1,420 408 173 3,374 Total revenue 4,219 3,422 585 186 8,412 Provision for credit losses 1,206 2,043 42 86 3,377 Depreciation and amortization 124 99 23 245 491 Other noninterest expense 2,901 1,293 413 (40) 4,567 Income (loss) from continuing operations before income taxes (benefit) and (12) (13) 107 (105) (23) Income taxes (benefit) from continuing operations (1) (28) 25 (34) (38) Net income (loss) from continuing operations (11) 15 82 (71) 15 Less: Net income attributable to noncontrolling interests 11 3 14 Net income (loss) from continuing operations excluding noncontrolling $ (22) $ 12 $ 82 $ (71) $ 1 Average Assets $ 99,583 $ 185,878 $ 7,880 $ 141,533 $ 434,874 (a) There were no material intersegment revenues for the three and six months ended June 30, 2021 and 2020.

Fee-Based Revenue from Contra_2

Fee-Based Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Retail Banking Noninterest Income Disaggregation	Table 84: Retail Banking Noninterest Income Disaggregation Three months ended Six months ended In millions 2021 2020 2021 2020 Product Debit card fees $ 164 $ 120 $ 302 $ 249 Deposit account fees 117 73 225 231 Brokerage fees 109 86 211 179 Net credit card fees (a) 57 39 104 80 Merchant services 47 23 79 72 Other 68 52 125 108 Total in-scope noninterest income by product $ 562 $ 393 $ 1,046 $ 919 Reconciliation to total Retail Banking noninterest income Total in-scope noninterest income $ 562 $ 393 $ 1,046 $ 919 Total out-of-scope noninterest income (b) 144 192 314 454 Total Retail Banking noninterest income $ 706 $ 585 $ 1,360 $ 1,373 (a) Net credit card fees consists of interchange fees of $146 million and $102 million and credit card reward costs of $89 million and $63 million for the three months ended June 30, 2021 and 2020, respectively. Net credit card fees consists of interchange fees of $266 million and $220 million and credit card reward costs of $162 million and $140 million for the six months ended June 30, 2021 and June 30, 2020, respectively. (b) Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606.
Corporate & Institutional Banking Noninterest Income Disaggregation	Table 85: Corporate & Institutional Banking Noninterest Income Disaggregation Three months ended Six months ended In millions 2021 2020 2021 2020 Product Treasury management fees $ 279 $ 218 $ 514 $ 434 Capital markets fees 232 187 424 362 Commercial mortgage banking activities 35 24 66 50 Other 18 17 47 37 Total in-scope noninterest income by product $ 564 $ 446 $ 1,051 $ 883 Reconciliation to total Corporate & Institutional Banking noninterest income Total in-scope noninterest income $ 564 $ 446 $ 1,051 $ 883 Total out-of-scope noninterest income (a) 303 280 623 537 Total Corporate & Institutional Banking noninterest income $ 867 $ 726 $ 1,674 $ 1,420 (a) Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606.
Asset Management Group Noninterest Income Disaggregation	Table 86: Asset Management Group Noninterest Income Disaggregation Three months ended Six months ended In millions 2021 2020 2021 2020 Customer Type Personal $ 185 $ 151 $ 358 $ 301 Institutional 56 48 109 99 Total in-scope noninterest income by customer type (a) $ 241 $ 199 $ 467 $ 400 Reconciliation to Asset Management Group noninterest income Total in-scope noninterest income $ 241 $ 199 $ 467 $ 400 Total out-of-scope noninterest income (b) 3 5 6 8 Total Asset Management Group noninterest income $ 244 $ 204 $ 473 $ 408 (a) Amounts include $239 million of Asset Management Fees and $2 million of Brokerage Fees for the three months ended June 30, 2021. Amounts include $465 million of Asset Management Fees and $2 million of Brokerage Fees for the six months ended June 30, 2021. As described in the "Asset Management Services and Brokerage Fees" narrative following this table 86, Brokerage Fees were assumed by the Asset Management Group as a result of the BBVA acquisition and reflect fee revenue for the month ended June 30, 2021. (b) Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606.

Acquisition and Divestiture A_3

Acquisition and Divestiture Activity (Narrative) (Details) - USD ($)	Jun. 01, 2021	May 31, 2020	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill			$ 10,958,000,000	$ 10,958,000,000			$ 9,233,000,000
Gain on disposition of business					$ 5,740,000,000
Goodwill impairment charge				0	0
ACL at acquisition			1,115,000,000	1,115,000,000
Total allowance			5,730,000,000	$ 5,730,000,000	5,928,000,000	$ 4,714,000,000	$ 5,361,000,000	$ 3,944,000,000	$ 2,742,000,000
BBVA USA Bancshares, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill impairment charge					$ 2,200,000,000
Core deposits
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Useful life				10 years
Non-PCD Loans
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total allowance			1,000,000,000	$ 1,000,000,000
Discontinued Operations, Disposed of by Sale | BlackRock, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposition of business		$ 4,300,000,000
Discontinued operations, number of shares contributed		500,000
Registered Secondary Offering | Discontinued Operations, Disposed of by Sale | BlackRock, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposition of business		$ 4,300,000,000
Sale of stock, number of shares issued in transaction (in shares)		31,600,000
Sale of stock, price per share (in dollars per share)		$ 420
Sale of stock, consideration received on transaction		$ 14,200,000,000
Payments of stock issuance costs		$ 200,000,000
BlackRock, Inc. | Discontinued Operations, Disposed of by Sale | BlackRock, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of stock, number of shares issued in transaction (in shares)		2,650,000
Sale of stock, price per share (in dollars per share)		$ 414.96
BBVA USA Bancshares, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Business combination, consideration transferred	$ 11,480,000,000
Acquisition costs			$ 111,000,000	117,000,000
Cumulative nonrecurring merger and integration costs				$ 124,000,000
Goodwill	1,640,000,000
ACL at acquisition	1,161,000,000
Total loans and leases	61,370,000,000
BBVA USA Bancshares, Inc. | Fair Value
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total loans and leases	61,370,000,000
BBVA USA Bancshares, Inc. | Carrying Amount
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total loans and leases	62,269,000,000
BBVA USA Bancshares, Inc. | Non-PCD Loans | Fair Value
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total loans and leases	52,100,000,000
BBVA USA Bancshares, Inc. | Non-PCD Loans | Carrying Amount
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total loans and leases	52,000,000,000
BBVA USA Bancshares, Inc. | Purchased Impaired Loans | Fair Value
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total loans and leases	9,300,000,000
BBVA USA Bancshares, Inc. | Purchased Impaired Loans | Carrying Amount
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total loans and leases	$ 10,300,000,000

Acquisition and Divestiture A_4

Acquisition and Divestiture Activity (Acquisition Consideration) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 01, 2021	Dec. 31, 2020
Liabilities
Goodwill	$ 10,958,000		$ 9,233,000
BBVA USA Bancshares, Inc.
Business Acquisition [Line Items]
Fair value of acquisition consideration		$ 11,480,000
Assets
Cash and due from banks		969,000
Interest-earning deposits with banks		13,313,000
Loans held for sale		446,000
Investment securities – available for sale		18,358,000
Net loans		61,370,000
Equity investments		723,000
Mortgage servicing rights		35,000
Core deposit intangibles and other intangible assets		399,000
Other		3,531,000
Total assets		99,144,000
Liabilities
Deposits		85,562,000
Borrowed funds		2,449,000
Accrued expenses and other liabilities		1,271,000
Total liabilities		89,282,000
Noncontrolling interests		22,000
Less: Net assets		9,840,000
Goodwill		$ 1,640,000

Acquisition and Divestiture A_5

Acquisition and Divestiture Activity (Fair Value and Unpaid Principal Balance of Loans Acquired) (Details) - BBVA USA Bancshares, Inc. $ in Thousands	Jun. 01, 2021USD ($)
Business Acquisition [Line Items]
Net loans	$ 61,370,000
Carrying Amount
Business Acquisition [Line Items]
Net loans	62,269,000
Fair Value
Business Acquisition [Line Items]
Net loans	61,370,000
Total commercial | Carrying Amount
Business Acquisition [Line Items]
Net loans	40,544,000
Total commercial | Fair Value
Business Acquisition [Line Items]
Net loans	39,670,000
Total commercial | Commercial and industrial | Carrying Amount
Business Acquisition [Line Items]
Net loans	29,864,000
Total commercial | Commercial and industrial | Fair Value
Business Acquisition [Line Items]
Net loans	29,372,000
Total commercial | Commercial real estate | Carrying Amount
Business Acquisition [Line Items]
Net loans	10,632,000
Total commercial | Commercial real estate | Fair Value
Business Acquisition [Line Items]
Net loans	10,250,000
Total commercial | Equipment lease financing | Carrying Amount
Business Acquisition [Line Items]
Net loans	48,000
Total commercial | Equipment lease financing | Fair Value
Business Acquisition [Line Items]
Net loans	48,000
Total consumer | Carrying Amount
Business Acquisition [Line Items]
Net loans	21,725,000
Total consumer | Fair Value
Business Acquisition [Line Items]
Net loans	21,700,000
Total consumer | Residential real estate | Carrying Amount
Business Acquisition [Line Items]
Net loans	12,871,000
Total consumer | Residential real estate | Fair Value
Business Acquisition [Line Items]
Net loans	12,983,000
Total consumer | Home equity | Carrying Amount
Business Acquisition [Line Items]
Net loans	2,430,000
Total consumer | Home equity | Fair Value
Business Acquisition [Line Items]
Net loans	2,417,000
Total consumer | Automobile | Carrying Amount
Business Acquisition [Line Items]
Net loans	3,916,000
Total consumer | Automobile | Fair Value
Business Acquisition [Line Items]
Net loans	3,912,000
Total consumer | Credit card | Carrying Amount
Business Acquisition [Line Items]
Net loans	820,000
Total consumer | Credit card | Fair Value
Business Acquisition [Line Items]
Net loans	758,000
Total consumer | Other consumer | Carrying Amount
Business Acquisition [Line Items]
Net loans	1,688,000
Total consumer | Other consumer | Fair Value
Business Acquisition [Line Items]
Net loans	$ 1,630,000

Acquisition and Divestiture A_6

Acquisition and Divestiture Activity (Intangible Assets) (Details) $ in Thousands	Jun. 01, 2021USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 399,000
Mortgage Servicing Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 35,000
Weighted Life (years)	5 years 6 months
Core deposits
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 283,000
Weighted Life (years)	10 years
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 116,000
Weighted Life (years)	9 years 9 months 18 days

Acquisition and Divestiture A_7

Acquisition and Divestiture Activity (BBVA Financial Results) (Details) - BBVA USA Bancshares, Inc. $ in Thousands	1 Months Ended
	Jun. 30, 2021USD ($)
Business Acquisition [Line Items]
Net interest income	$ 236,000
Noninterest income	80,000
Net income	$ 153,000

Acquisition and Divestiture A_8

Acquisition and Divestiture Activity ( Unaudited Pro Forma Results) (Details) - BBVA USA Bancshares, Inc. - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Business Acquisition [Line Items]
Net interest income	$ 2,984,000	$ 3,126,000	$ 5,975,000	$ 6,250,000
Noninterest income	2,258,000	1,757,000	4,354,000	3,825,000
Net income	$ 2,097,000	$ 3,327,000	$ 4,226,000	$ 851,000

Acquisition and Divestiture A_9

Acquisition and Divestiture Activity (PCD Loan Activity) (Details) - USD ($) $ in Millions	Jun. 01, 2021	Jun. 30, 2021	Jun. 30, 2021
Business Acquisition [Line Items]
ACL at acquisition		$ (1,115)	$ (1,115)
BBVA USA Bancshares, Inc.
Business Acquisition [Line Items]
Principal Balance	$ 10,253
ACL at acquisition	(1,161)
Non-credit premium	224
Purchase price	$ 9,316

Acquisition and Divestiture _10

Acquisition and Divestiture Activity (Consolidated Income Statement - Discontinued Operations) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations before income taxes and noncontrolling interests		$ 5,596		$ 5,777
Income taxes		1,197		1,222
Net income from discontinued operations		4,399		4,555
BlackRock, Inc. | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Noninterest income		5,596		5,777
Total revenue		5,596		5,777
Income from discontinued operations before income taxes and noncontrolling interests		5,596		5,777
Income taxes		1,197		1,222
Net income from discontinued operations		$ 4,399		$ 4,555

Acquisition and Divestiture _11

Acquisition and Divestiture Activity (Consolidated Statement of Cash Flows - Discontinued Operations) (Details) - BlackRock, Inc. - Discontinued Operations, Disposed of by Sale $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided (used) by operating activities of discontinued operations	$ 74
Net cash provided by investing activities of discontinued operations	$ 14,225

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020
Schedule of Investments [Line Items]
Net unsettled investment purchases	$ 300	$ 300	$ 300
Provision for credit losses on investment securities	0	26
Investment securities, allowance for credit loss	108	108
Federal National Mortgage Association Certificates and Obligations (FNMA)
Schedule of Investments [Line Items]
Debt securities amortized cost amount of debt securities exceeds 10 percent of shareholders equity	32,300	32,300
Fair value of debt securities of a single issuer that exceeds 10 percent of shareholders equity	33,200	33,200
Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans
Schedule of Investments [Line Items]
Debt securities amortized cost amount of debt securities exceeds 10 percent of shareholders equity	22,500	22,500
Fair value of debt securities of a single issuer that exceeds 10 percent of shareholders equity	$ 22,600	$ 22,600

Investment Securities (Summary)

Investment Securities (Summary) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Securities available for sale debt securities, amortized cost	$ 123,019	$ 84,172
Securities available for sale debt securities, unrealized gains	2,338	3,302
Securities available for sale debt securities, unrealized losses	(299)	(116)
Investment securities – available for sale	125,058	87,358
Held to maturity securities, amortized cost	1,485	1,441
Held-to-maturity securities, unrealized gains	120	167
Held-to-maturity securities, unrealized losses	(7)	(3)
Held-to-maturity securities, fair value	1,598	1,605
Debt securities, available-for-sale, accrued interest	311	238
Debt securities, available-for-sale, allowance for credit loss	$ 105	$ 79
Credit Concentration Risk | Fitch, AAA or AA Rating | Held-to-maturity Securities
Debt Securities, Held-to-maturity [Abstract]
Concentration risk, percentage	84.00%	85.00%
U.S. Treasury and government agencies
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Securities available for sale debt securities, amortized cost	$ 38,564	$ 19,821
Securities available for sale debt securities, unrealized gains	593	903
Securities available for sale debt securities, unrealized losses	(146)	(13)
Investment securities – available for sale	39,011	20,711
Held to maturity securities, amortized cost	804	795
Held-to-maturity securities, unrealized gains	87	125
Held-to-maturity securities, fair value	891	920
Residential mortgage-backed | Mortgage-backed Securities Agency
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Securities available for sale debt securities, amortized cost	66,393	47,355
Securities available for sale debt securities, unrealized gains	1,046	1,566
Securities available for sale debt securities, unrealized losses	(125)	(10)
Investment securities – available for sale	67,314	48,911
Residential mortgage-backed | Mortgage-backed Securities Non-agency
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Securities available for sale debt securities, amortized cost	1,081	1,272
Securities available for sale debt securities, unrealized gains	247	243
Securities available for sale debt securities, unrealized losses	(5)	(14)
Investment securities – available for sale	1,323	1,501
Commercial mortgage-backed | Mortgage-backed Securities Agency
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Securities available for sale debt securities, amortized cost	2,263	2,571
Securities available for sale debt securities, unrealized gains	71	119
Securities available for sale debt securities, unrealized losses	(3)	(2)
Investment securities – available for sale	2,331	2,688
Commercial mortgage-backed | Mortgage-backed Securities Non-agency
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Securities available for sale debt securities, amortized cost	4,033	3,678
Securities available for sale debt securities, unrealized gains	59	78
Securities available for sale debt securities, unrealized losses	(13)	(67)
Investment securities – available for sale	4,079	3,689
Asset-backed
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Securities available for sale debt securities, amortized cost	5,625	5,060
Securities available for sale debt securities, unrealized gains	78	100
Securities available for sale debt securities, unrealized losses	(6)	(10)
Investment securities – available for sale	5,697	5,150
Other
Debt Securities, Available-for-sale and Held-to-maturity [Abstract]
Securities available for sale debt securities, amortized cost	5,060	4,415
Securities available for sale debt securities, unrealized gains	244	293
Securities available for sale debt securities, unrealized losses	(1)
Investment securities – available for sale	5,303	4,708
Held to maturity securities, amortized cost	681	646
Held-to-maturity securities, unrealized gains	33	42
Held-to-maturity securities, unrealized losses	(7)	(3)
Held-to-maturity securities, fair value	$ 707	$ 685

Investment Securities (Gross Un

Investment Securities (Gross Unrealized Loss and Fair Value of Securities Available for Sale Without an Allowance for Credit Losses) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	$ (274)	$ (42)
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months - fair value	42,958	5,185
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(16)	(27)
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer - fair value	1,758	1,724
Debt securities, available-for-sale, unrealized loss position, accumulated loss	(290)	(69)
Debt securities, available-for-sale, unrealized loss position	44,716	6,909
U.S. Treasury and government agencies
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	(146)	(13)
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months - fair value	17,168	603
Debt securities, available-for-sale, unrealized loss position, accumulated loss	(146)	(13)
Debt securities, available-for-sale, unrealized loss position	17,168	603
Residential mortgage-backed | Mortgage-backed Securities Agency
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	(122)	(8)
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months - fair value	24,527	3,152
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(3)	(2)
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer - fair value	442	82
Debt securities, available-for-sale, unrealized loss position, accumulated loss	(125)	(10)
Debt securities, available-for-sale, unrealized loss position	24,969	3,234
Residential mortgage-backed | Mortgage-backed Securities Non-agency
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss		(7)
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months - fair value		119
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(5)	(7)
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer - fair value	155	73
Debt securities, available-for-sale, unrealized loss position, accumulated loss	(5)	(14)
Debt securities, available-for-sale, unrealized loss position	155	192
Commercial mortgage-backed | Mortgage-backed Securities Agency
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	(2)
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months - fair value	274
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(1)	(2)
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer - fair value	65	149
Debt securities, available-for-sale, unrealized loss position, accumulated loss	(3)	(2)
Debt securities, available-for-sale, unrealized loss position	339	149
Commercial mortgage-backed | Mortgage-backed Securities Non-agency
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss		(13)
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months - fair value		972
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(4)	(7)
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer - fair value	710	714
Debt securities, available-for-sale, unrealized loss position, accumulated loss	(4)	(20)
Debt securities, available-for-sale, unrealized loss position	710	1,686
Asset-backed
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	(3)	(1)
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months - fair value	793	339
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(3)	(9)
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer - fair value	386	706
Debt securities, available-for-sale, unrealized loss position, accumulated loss	(6)	(10)
Debt securities, available-for-sale, unrealized loss position	1,179	$ 1,045
Other
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	(1)
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months - fair value	196
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss
Debt securities, available-for-sale, unrealized loss position, accumulated loss	(1)
Debt securities, available-for-sale, unrealized loss position	$ 196

Investment Securities (Gains (L

Investment Securities (Gains (Losses) on Sales of Securities Available for Sale) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Investment Securities Disclosure [Abstract]
Gross Gains	$ 201	$ 224
Gross Losses	(166)	(2)
Net Gains	35	222
Tax Expense	$ 7	$ 47

Investment Securities (Contract

Investment Securities (Contractual Maturity of Securities) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Debt Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	$ 3,541
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	27,471
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	16,894
Available for Sale Securities, Amortized Cost, After 10 years	75,113
Securities available for sale debt securities, amortized cost	123,019	$ 84,172
Available-for-sale Securities, Fair value, 1 year or less	3,562
Available-for-sale Securities, Fair value, After 1 year through 5 years	27,856
Available-for-sale Securities, Fair value, After 5 years through 10 years	17,091
Available-for-sale Securities, Fair value, After 10 years	76,549
Available-for-sale securities, fair value	$ 125,058	87,358
Weighted-average yield, GAAP basis, available for sale securities	2.19%
Held to Maturity Securities, Amortized Cost, 1 year or less	$ 80
Held to Maturity Securities, Amortized Cost, After 1 year through 5 years	623
Held to Maturity Securities, Amortized Cost, After 5 years through 10 years	416
Held to Maturity Securities, Amortized Cost, After 10 years	366
Held to maturity securities, amortized cost	1,485	1,441
Held-to-maturity Securities, Fair Value, 1 year or less	81
Held-to-maturity Securities, Fair Value, After 1 year through 5 years	651
Held-to-maturity Securities, Fair Value, After 5 years through 10 years	483
Held-to-maturity Securities, Fair Value, After 10 years	383
Held-to-maturity Securities, Debt Maturities, Fair Value, Total	$ 1,598	$ 1,605
Weighted-average yield, GAAP basis, held to maturity securities	3.16%
1 Year or Less
Debt Securities [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	1.42%
Weighted-average yield, GAAP basis, held to maturity securities	3.24%
After 1 Year through 5 Years
Debt Securities [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	1.25%
Weighted-average yield, GAAP basis, held to maturity securities	2.95%
After 5 Years through 10 Years
Debt Securities [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	1.60%
Weighted-average yield, GAAP basis, held to maturity securities	3.91%
After 10 Years
Debt Securities [Line Items]
Weighted-average yield, GAAP basis, available for sale securities	2.49%
Weighted-average yield, GAAP basis, held to maturity securities	2.61%
U.S. Treasury and government agencies
Debt Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	$ 2,751
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	22,506
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	11,358
Available for Sale Securities, Amortized Cost, After 10 years	1,949
Securities available for sale debt securities, amortized cost	38,564
Held to Maturity Securities, Amortized Cost, After 1 year through 5 years	199
Held to Maturity Securities, Amortized Cost, After 5 years through 10 years	318
Held to Maturity Securities, Amortized Cost, After 10 years	287
Held to maturity securities, amortized cost	804
Residential mortgage-backed | Mortgage-backed Securities Agency
Debt Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	1
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	123
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	2,124
Available for Sale Securities, Amortized Cost, After 10 years	64,145
Securities available for sale debt securities, amortized cost	66,393
Residential mortgage-backed | Mortgage-backed Securities Non-agency
Debt Securities [Line Items]
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	2
Available for Sale Securities, Amortized Cost, After 10 years	1,079
Securities available for sale debt securities, amortized cost	1,081
Commercial mortgage-backed | Mortgage-backed Securities Agency
Debt Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	64
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	520
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	804
Available for Sale Securities, Amortized Cost, After 10 years	875
Securities available for sale debt securities, amortized cost	2,263
Commercial mortgage-backed | Mortgage-backed Securities Non-agency
Debt Securities [Line Items]
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	174
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	210
Available for Sale Securities, Amortized Cost, After 10 years	3,649
Securities available for sale debt securities, amortized cost	4,033
Asset-backed
Debt Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	109
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	2,117
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	771
Available for Sale Securities, Amortized Cost, After 10 years	2,628
Securities available for sale debt securities, amortized cost	5,625
Other
Debt Securities [Line Items]
Available for Sale Securities, Amortized Cost, 1 year or less	616
Available for Sale Securities, Amortized Cost, After 1 year through 5 years	2,031
Available for Sale Securities, Amortized Cost, After 5 years through 10 years	1,625
Available for Sale Securities, Amortized Cost, After 10 years	788
Securities available for sale debt securities, amortized cost	5,060
Held to Maturity Securities, Amortized Cost, 1 year or less	80
Held to Maturity Securities, Amortized Cost, After 1 year through 5 years	424
Held to Maturity Securities, Amortized Cost, After 5 years through 10 years	98
Held to Maturity Securities, Amortized Cost, After 10 years	79
Held to maturity securities, amortized cost	$ 681

Investment Securities (Fair Val

Investment Securities (Fair Value of Securities Pledged and Accepted as Collateral) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Investment Securities Disclosure [Abstract]
Pledged to others	$ 24,121	$ 22,841
Permitted by contract or custom to sell or repledge	752	683
Permitted amount repledged to others	$ 752	$ 683

Loans and Related Allowance f_3

Loans and Related Allowance for Credit Losses (Analysis of Loan Portfolio) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	$ 294,704	$ 241,928
Percentage of total loans, past due	100.00%	100.00%
Unearned income, unamortized deferred fees and costs on originated loans, and premiums or discounts on purchased loans	$ 1,000	$ 1,300
Collateral Dependent
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	1,900	1,500
Other assets
Financing Receivable, Past Due [Line Items]
Accrued interest on loan portfolio	800	700
Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	$ 289,912	$ 237,716
Percentage of total loans, past due	98.37%	98.27%
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	$ 548	$ 620
Percentage of total loans, past due	0.19%	0.26%
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	$ 215	$ 234
Percentage of total loans, past due	0.07%	0.10%
90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	$ 527	$ 509
Percentage of total loans, past due	0.18%	0.21%
Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	$ 1,290	$ 1,363
Percentage of total loans, past due	0.44%	0.56%
Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	$ 2,779	$ 2,286
Percentage of total loans, past due	0.94%	0.94%
Fair Value Option Nonaccrual Loans
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	$ 723	$ 563
Percentage of total loans, nonaccrual, past due	0.25%	0.23%
Total commercial
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	$ 199,640	$ 167,203
Total commercial | Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	198,033	166,075
Total commercial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	80	143
Total commercial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	34	32
Total commercial | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	47	30
Total commercial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	161	205
Total commercial | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	1,446	923
Total consumer
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	95,064	74,725
Total consumer | Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	91,879	71,641
Total consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	468	477
Total consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	181	202
Total consumer | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	480	479
Total consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	1,129	1,158
Total consumer | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	1,333	1,363
Total consumer | Fair Value Option Nonaccrual Loans
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	723	563
Commercial and industrial | Total commercial
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	155,300	132,073
Commercial and industrial | Total commercial | Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	154,226	131,245
Commercial and industrial | Total commercial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	72	106
Commercial and industrial | Total commercial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	27	26
Commercial and industrial | Total commercial | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	45	30
Commercial and industrial | Total commercial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	144	162
Commercial and industrial | Total commercial | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	930	666
Commercial real estate | Total commercial
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	37,964	28,716
Commercial real estate | Total commercial | Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	37,453	28,485
Commercial real estate | Total commercial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	5	6
Commercial real estate | Total commercial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	3	1
Commercial real estate | Total commercial | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	2
Commercial real estate | Total commercial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	10	7
Commercial real estate | Total commercial | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	501	224
Equipment lease financing | Total commercial
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	6,376	6,414
Equipment lease financing | Total commercial | Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	6,354	6,345
Equipment lease financing | Total commercial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	3	31
Equipment lease financing | Total commercial | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	4	5
Equipment lease financing | Total commercial | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	7	36
Equipment lease financing | Total commercial | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	15	33
Residential real estate
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	36,846	22,560
Residential real estate | Government insured or guaranteed loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	942	922
Residential real estate | Total consumer
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	36,846	22,560
Residential real estate | Total consumer | Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	35,099	20,945
Residential real estate | Total consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	212	181
Residential real estate | Total consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	82	78
Residential real estate | Total consumer | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	337	319
Residential real estate | Total consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	631	578
Residential real estate | Total consumer | Total Past Due | Government insured or guaranteed loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	400	400
Residential real estate | Total consumer | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	503	528
Residential real estate | Total consumer | Fair Value Option Nonaccrual Loans
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	613	509
Home equity
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	25,174	24,088
Home equity | Total consumer
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	25,174	24,088
Home equity | Total consumer | Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	24,377	23,318
Home equity | Total consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	44	50
Home equity | Total consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	17	21
Home equity | Total consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	61	71
Home equity | Total consumer | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	626	645
Home equity | Total consumer | Fair Value Option Nonaccrual Loans
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	110	54
Automobile | Total consumer
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	17,551	14,218
Automobile | Total consumer | Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	17,239	13,863
Automobile | Total consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	98	134
Automobile | Total consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	20	34
Automobile | Total consumer | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	3	12
Automobile | Total consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	121	180
Automobile | Total consumer | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	191	175
Credit card | Total consumer
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	6,528	6,215
Credit card | Total consumer | Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	6,401	6,074
Credit card | Total consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	37	43
Credit card | Total consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	24	30
Credit card | Total consumer | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	59	60
Credit card | Total consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	120	133
Credit card | Total consumer | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	7	8
Education
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	2,726	2,946
Education | Total consumer
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	2,726	2,946
Education | Total consumer | Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	2,591	2,785
Education | Total consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	46	55
Education | Total consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	22	29
Education | Total consumer | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	67	77
Education | Total consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	135	161
Education | Total consumer | Total Past Due | Government insured or guaranteed loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	100	200
Other consumer
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	6,239	4,698
Other consumer | Total consumer
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	6,239	4,698
Other consumer | Total consumer | Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	6,172	4,656
Other consumer | Total consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	31	14
Other consumer | Total consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	16	10
Other consumer | Total consumer | 90 Days Or More Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	14	11
Other consumer | Total consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans, past due	61	35
Other consumer | Total consumer | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Total loans, before allowance for credit loss	$ 6	$ 7

Loans and Related Allowance f_4

Loans and Related Allowance for Credit Losses (Narrative) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)portfolio_segment	Dec. 31, 2020USD ($)	Jun. 30, 2020USD ($)
Number of portfolio segments | portfolio_segment	2
Financing receivable, threshold period past due, subsequently defaulted	60 days
Allowance for credit loss	$ 6,375		$ 6,590
Increase (decrease) in allowance for credit loss	400
Performing Financial Instruments
Troubled debt restructurings (TDRs)	700	$ 700
TDRs | Nonperforming loans
Troubled debt restructurings (TDRs)	800	900
Federal Reserve Bank
Loans pledged as collateral for the ability to borrow	45,500	30,100
Federal Home Loan Bank
Loans pledged as collateral for the ability to borrow	$ 78,500	$ 69,000

Loans and Related Allowance f_5

Loans and Related Allowance for Credit Losses (Nonperforming Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Nonperforming loans, without allowance for credit losses	$ 1,000	$ 800
Minimum
Threshold period of financing receivable past due, writeoff	120 days
Maximum
Threshold period of financing receivable past due, writeoff	180 days
Nonperforming loans
Nonaccrual loans	$ 2,779	2,286
OREO and foreclosed assets	39	51
Total nonperforming assets	$ 2,818	$ 2,337
Nonperforming loans to total loans	0.94%	0.94%
Nonperforming assets to total loans, OREO and foreclosed assets	0.96%	0.97%
Nonperforming assets to total assets	0.51%	0.50%
Total commercial | Nonperforming loans
Nonaccrual loans	$ 1,446	$ 923
Total consumer | Nonperforming loans
Nonaccrual loans	$ 1,333	$ 1,363

Loans and Related Allowance f_6

Loans and Related Allowance for Credit Losses (Commercial Lending Asset Quality Indicators) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 294,704	$ 241,928
Total commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	23,283	37,554
Financing receivable, originated in year one	24,980	22,152
Financing receivable, originated in year two	25,135	13,389
Financing receivable, originated in year three	16,820	10,331
Financing receivable, originated in year four	13,118	7,634
Prior	28,179	16,824
Revolving Loans	68,006	59,247
Revolving Loans Converted to Term	119	72
Total Loans	199,640	167,203
Total commercial | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	20,371	32,019
Financing receivable, originated in year one	18,894	14,042
Financing receivable, originated in year two	14,662	8,787
Financing receivable, originated in year three	9,706	6,290
Financing receivable, originated in year four	8,508	4,466
Prior	15,498	7,492
Revolving Loans	67,542	58,905
Revolving Loans Converted to Term	119	72
Total Loans	155,300	132,073
Total commercial | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	2,255	4,028
Financing receivable, originated in year one	4,716	6,816
Financing receivable, originated in year two	9,314	3,574
Financing receivable, originated in year three	6,224	3,264
Financing receivable, originated in year four	3,965	2,741
Prior	11,026	7,951
Revolving Loans	464	342
Total Loans	37,964	28,716
Total commercial | Equipment lease financing
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	657	1,507
Financing receivable, originated in year one	1,370	1,294
Financing receivable, originated in year two	1,159	1,028
Financing receivable, originated in year three	890	777
Financing receivable, originated in year four	645	427
Prior	1,655	1,381
Total Loans	6,376	6,414
Pass Rated | Total commercial | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	20,084	31,680
Financing receivable, originated in year one	18,350	13,340
Financing receivable, originated in year two	13,729	8,209
Financing receivable, originated in year three	8,737	5,956
Financing receivable, originated in year four	7,980	4,242
Prior	14,429	7,141
Revolving Loans	62,892	54,775
Revolving Loans Converted to Term	91	53
Total Loans	146,292	125,396
Pass Rated | Total commercial | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	2,124	3,709
Financing receivable, originated in year one	4,419	6,268
Financing receivable, originated in year two	8,354	3,426
Financing receivable, originated in year three	5,547	2,841
Financing receivable, originated in year four	3,220	2,341
Prior	8,971	6,792
Revolving Loans	414	218
Total Loans	33,049	25,595
Pass Rated | Total commercial | Equipment lease financing
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	636	1,429
Financing receivable, originated in year one	1,306	1,202
Financing receivable, originated in year two	1,097	942
Financing receivable, originated in year three	816	738
Financing receivable, originated in year four	616	405
Prior	1,647	1,350
Total Loans	6,118	6,066
Criticized | Total commercial | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	287	339
Financing receivable, originated in year one	544	702
Financing receivable, originated in year two	933	578
Financing receivable, originated in year three	969	334
Financing receivable, originated in year four	528	224
Prior	1,069	351
Revolving Loans	4,650	4,130
Revolving Loans Converted to Term	28	19
Total Loans	9,008	6,677
Criticized | Total commercial | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	131	319
Financing receivable, originated in year one	297	548
Financing receivable, originated in year two	960	148
Financing receivable, originated in year three	677	423
Financing receivable, originated in year four	745	400
Prior	2,055	1,159
Revolving Loans	50	124
Total Loans	4,915	3,121
Criticized | Total commercial | Equipment lease financing
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	21	78
Financing receivable, originated in year one	64	92
Financing receivable, originated in year two	62	86
Financing receivable, originated in year three	74	39
Financing receivable, originated in year four	29	22
Prior	8	31
Total Loans	$ 258	$ 348

Loans and Related Allowance f_7

Loans and Related Allowance for Credit Losses (Home Equity and Residential Real Estate Credit Quality Indicators) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 294,704	$ 241,928
Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	235	3,434
Financing receivable, originated in year one	3,072	2,000
Financing receivable, originated in year two	1,618	590
Financing receivable, originated in year three	485	830
Financing receivable, originated in year four	682	694
Prior	4,009	4,000
Revolving Loans	10,168	8,794
Revolving Loans Converted to Term	4,905	3,746
Total Loans	25,174	24,088
Home equity | Acquired Loans Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	7
Financing receivable, originated in year one	10
Financing receivable, originated in year two	9
Financing receivable, originated in year three	7
Financing receivable, originated in year four	4
Prior	113
Revolving Loans	2,263
Revolving Loans Converted to Term	5
Total Loans	2,418
Home equity | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	228
Financing receivable, originated in year one	3,062
Financing receivable, originated in year two	1,609
Financing receivable, originated in year three	478
Financing receivable, originated in year four	678
Prior	3,896
Revolving Loans	7,905
Revolving Loans Converted to Term	4,900
Total Loans	22,756
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	8,215	7,996
Financing receivable, originated in year one	10,489	4,158
Financing receivable, originated in year two	4,360	1,172
Financing receivable, originated in year three	1,464	1,942
Financing receivable, originated in year four	2,143	2,069
Prior	10,175	5,223
Total Loans	36,846	22,560
Residential real estate | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	6,306
Financing receivable, originated in year one	6,647
Financing receivable, originated in year two	2,774
Financing receivable, originated in year three	790
Financing receivable, originated in year four	1,425
Prior	5,870
Total Loans	23,812
Residential real estate | Acquired Loans Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	1,909
Financing receivable, originated in year one	3,842
Financing receivable, originated in year two	1,586
Financing receivable, originated in year three	674
Financing receivable, originated in year four	718
Prior	4,305
Total Loans	13,034
Greater than or equal to 780 | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	132	2,019
Financing receivable, originated in year one	1,905	1,094
Financing receivable, originated in year two	897	311
Financing receivable, originated in year three	248	525
Financing receivable, originated in year four	436	449
Prior	2,469	2,467
Revolving Loans	6,028	5,382
Revolving Loans Converted to Term	2,310	1,480
Total Loans	14,425	13,727
Greater than or equal to 780 | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	4,691	5,425
Financing receivable, originated in year one	7,211	3,099
Financing receivable, originated in year two	2,922	814
Financing receivable, originated in year three	832	1,432
Financing receivable, originated in year four	1,361	1,538
Prior	5,170	2,551
Total Loans	22,187	14,859
720 to 779 | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	78	1,028
Financing receivable, originated in year one	818	558
Financing receivable, originated in year two	434	153
Financing receivable, originated in year three	125	181
Financing receivable, originated in year four	143	145
Prior	779	777
Revolving Loans	2,469	2,137
Revolving Loans Converted to Term	1,239	941
Total Loans	6,085	5,920
720 to 779 | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	2,667	2,268
Financing receivable, originated in year one	2,213	820
Financing receivable, originated in year two	870	220
Financing receivable, originated in year three	287	340
Financing receivable, originated in year four	422	335
Prior	1,838	818
Total Loans	8,297	4,801
660 to 719 | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	20	334
Financing receivable, originated in year one	297	273
Financing receivable, originated in year two	222	86
Financing receivable, originated in year three	72	84
Financing receivable, originated in year four	71	66
Prior	410	402
Revolving Loans	1,168	985
Revolving Loans Converted to Term	690	625
Total Loans	2,950	2,855
660 to 719 | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	252	252
Financing receivable, originated in year one	530	161
Financing receivable, originated in year two	299	76
Financing receivable, originated in year three	163	98
Financing receivable, originated in year four	143	92
Prior	913	475
Total Loans	2,300	1,154
Less than 660 | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	3	52
Financing receivable, originated in year one	50	74
Financing receivable, originated in year two	64	39
Financing receivable, originated in year three	38	39
Financing receivable, originated in year four	31	33
Prior	339	345
Revolving Loans	412	277
Revolving Loans Converted to Term	575	620
Total Loans	1,512	1,479
Less than 660 | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	29	40
Financing receivable, originated in year one	110	48
Financing receivable, originated in year two	101	33
Financing receivable, originated in year three	90	31
Financing receivable, originated in year four	99	41
Prior	872	485
Total Loans	1,301	678
No FICO score available | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	2	1
Financing receivable, originated in year one	2	1
Financing receivable, originated in year two	1	1
Financing receivable, originated in year three	2	1
Financing receivable, originated in year four	1	1
Prior	12	9
Revolving Loans	91	13
Revolving Loans Converted to Term	91	80
Total Loans	202	107
No FICO score available | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	575	4
Financing receivable, originated in year one	411	2
Financing receivable, originated in year two	124	2
Financing receivable, originated in year three	57	3
Financing receivable, originated in year four	73	6
Prior	579	129
Total Loans	1,819	146
Government insured or guaranteed loans | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	1	7
Financing receivable, originated in year one	14	28
Financing receivable, originated in year two	44	27
Financing receivable, originated in year three	35	38
Financing receivable, originated in year four	45	57
Prior	803	765
Total Loans	942	922
Government insured or guaranteed loans | Residential real estate | Acquired Loans Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	1
Financing receivable, originated in year one	4
Financing receivable, originated in year two	14
Financing receivable, originated in year three	11
Financing receivable, originated in year four	10
Prior	37
Total Loans	77
Government insured or guaranteed loans | Residential real estate | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in year one	10
Financing receivable, originated in year two	29
Financing receivable, originated in year three	24
Financing receivable, originated in year four	35
Prior	767
Total Loans	865
Greater than 100% | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year		8
Financing receivable, originated in year one		44
Financing receivable, originated in year two		18
Financing receivable, originated in year three		15
Financing receivable, originated in year four		9
Prior		88
Revolving Loans		580
Revolving Loans Converted to Term		279
Total Loans		1,041
Greater than 100% | Home equity | Acquired Loans Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	3
Revolving Loans	68
Total Loans	71
Greater than 100% | Home equity | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in year one	20
Financing receivable, originated in year two	32
Financing receivable, originated in year three	9
Financing receivable, originated in year four	7
Prior	100
Revolving Loans	418
Revolving Loans Converted to Term	203
Total Loans	789
Greater than 100% | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year		3
Financing receivable, originated in year one		52
Financing receivable, originated in year two		26
Financing receivable, originated in year three		42
Financing receivable, originated in year four		41
Prior		160
Total Loans		324
Greater than 100% | Residential real estate | Acquired Loans Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	11
Financing receivable, originated in year one	24
Financing receivable, originated in year two	3
Financing receivable, originated in year three	2
Financing receivable, originated in year four	4
Prior	23
Total Loans	67
Greater than 100% | Residential real estate | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	1
Financing receivable, originated in year one	16
Financing receivable, originated in year two	58
Financing receivable, originated in year three	18
Financing receivable, originated in year four	29
Prior	194
Total Loans	316
Greater than or equal to 80% to 100% | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year		517
Financing receivable, originated in year one		320
Financing receivable, originated in year two		59
Financing receivable, originated in year three		42
Financing receivable, originated in year four		25
Prior		158
Revolving Loans		1,781
Revolving Loans Converted to Term		591
Total Loans		3,493
Greater than or equal to 80% to 100% | Home equity | Acquired Loans Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	1
Financing receivable, originated in year one	5
Financing receivable, originated in year two	3
Financing receivable, originated in year three	2
Financing receivable, originated in year four	1
Prior	16
Revolving Loans	578
Revolving Loans Converted to Term	1
Total Loans	607
Greater than or equal to 80% to 100% | Home equity | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	23
Financing receivable, originated in year one	176
Financing receivable, originated in year two	145
Financing receivable, originated in year three	28
Financing receivable, originated in year four	19
Prior	119
Revolving Loans	1,081
Revolving Loans Converted to Term	548
Total Loans	2,139
Greater than or equal to 80% to 100% | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year		495
Financing receivable, originated in year one		422
Financing receivable, originated in year two		127
Financing receivable, originated in year three		156
Financing receivable, originated in year four		124
Prior		307
Total Loans		1,631
Greater than or equal to 80% to 100% | Residential real estate | Acquired Loans Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	635
Financing receivable, originated in year one	1,407
Financing receivable, originated in year two	612
Financing receivable, originated in year three	293
Financing receivable, originated in year four	286
Prior	664
Total Loans	3,897
Greater than or equal to 80% to 100% | Residential real estate | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	727
Financing receivable, originated in year one	157
Financing receivable, originated in year two	160
Financing receivable, originated in year three	44
Financing receivable, originated in year four	63
Prior	248
Total Loans	1,399
Less than 80% | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year		2,909
Financing receivable, originated in year one		1,636
Financing receivable, originated in year two		513
Financing receivable, originated in year three		773
Financing receivable, originated in year four		660
Prior		3,754
Revolving Loans		6,433
Revolving Loans Converted to Term		2,876
Total Loans		19,554
Less than 80% | Home equity | Acquired Loans Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	6
Financing receivable, originated in year one	5
Financing receivable, originated in year two	6
Financing receivable, originated in year three	5
Financing receivable, originated in year four	3
Prior	90
Revolving Loans	1,572
Revolving Loans Converted to Term	3
Total Loans	1,690
Less than 80% | Home equity | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	205
Financing receivable, originated in year one	2,866
Financing receivable, originated in year two	1,432
Financing receivable, originated in year three	441
Financing receivable, originated in year four	652
Prior	3,677
Revolving Loans	6,406
Revolving Loans Converted to Term	4,149
Total Loans	19,828
Less than 80% | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year		7,491
Financing receivable, originated in year one		3,656
Financing receivable, originated in year two		992
Financing receivable, originated in year three		1,706
Financing receivable, originated in year four		1,847
Prior		3,991
Total Loans		$ 19,683
Less than 80% | Residential real estate | Acquired Loans Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	1,158
Financing receivable, originated in year one	2,094
Financing receivable, originated in year two	843
Financing receivable, originated in year three	330
Financing receivable, originated in year four	414
Prior	3,581
Total Loans	8,420
Less than 80% | Residential real estate | Financial Asset Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	5,578
Financing receivable, originated in year one	6,464
Financing receivable, originated in year two	2,527
Financing receivable, originated in year three	704
Financing receivable, originated in year four	1,298
Prior	4,661
Total Loans	21,232
No LTV ratio available | Home equity | Acquired Loans Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	4
Revolving Loans	45
Revolving Loans Converted to Term	1
Total Loans	50
No LTV ratio available | Residential real estate | Acquired Loans Portfolio
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	104
Financing receivable, originated in year one	313
Financing receivable, originated in year two	114
Financing receivable, originated in year three	38
Financing receivable, originated in year four	4
Total Loans	$ 573

Loans and Related Allowance f_8

Loans and Related Allowance for Credit Losses (Credit Quality Indicators for Automobile, Credit Card, Education and Other Consumer Loan Classes) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 294,704	$ 241,928
Automobile | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	3,888	3,714
Financing receivable, originated in year one	4,360	5,494
Financing receivable, originated in year two	5,029	2,878
Financing receivable, originated in year three	2,639	1,361
Financing receivable, originated in year four	1,136	609
Prior	499	162
Total Loans	17,551	14,218
Automobile | Greater than or equal to 780 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	2,077	1,807
Financing receivable, originated in year one	1,816	1,915
Financing receivable, originated in year two	1,765	807
Financing receivable, originated in year three	730	452
Financing receivable, originated in year four	345	246
Prior	170	58
Total Loans	6,903	5,285
Automobile | 720 to 779 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	1,035	1,098
Financing receivable, originated in year one	1,304	1,581
Financing receivable, originated in year two	1,404	789
Financing receivable, originated in year three	697	381
Financing receivable, originated in year four	304	167
Prior	128	44
Total Loans	4,872	4,060
Automobile | 660 to 719 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	428	617
Financing receivable, originated in year one	827	1,222
Financing receivable, originated in year two	1,080	684
Financing receivable, originated in year three	606	288
Financing receivable, originated in year four	241	109
Prior	91	31
Total Loans	3,273	2,951
Automobile | Less than 660 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	134	192
Financing receivable, originated in year one	380	776
Financing receivable, originated in year two	766	598
Financing receivable, originated in year three	599	240
Financing receivable, originated in year four	243	87
Prior	109	29
Total Loans	2,231	1,922
Automobile | No FICO score available or required | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	214
Financing receivable, originated in year one	33
Financing receivable, originated in year two	14
Financing receivable, originated in year three	7
Financing receivable, originated in year four	3
Prior	1
Total Loans	272
Credit card | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	6,449	6,120
Revolving Loans Converted to Term	79	95
Total Loans	6,528	6,215
Credit card | Greater than or equal to 780 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	1,754	1,635
Revolving Loans Converted to Term	3	3
Total Loans	1,757	1,638
Credit card | 720 to 779 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	1,805	1,724
Revolving Loans Converted to Term	10	11
Total Loans	1,815	1,735
Credit card | 660 to 719 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	1,841	1,765
Revolving Loans Converted to Term	25	26
Total Loans	1,866	1,791
Credit card | Less than 660 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	912	902
Revolving Loans Converted to Term	37	51
Total Loans	949	953
Credit card | No FICO score available or required | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	137	94
Revolving Loans Converted to Term	4	4
Total Loans	141	98
Education
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	19	92
Financing receivable, originated in year one	118	163
Financing receivable, originated in year two	149	135
Financing receivable, originated in year three	121	101
Financing receivable, originated in year four	89	78
Prior	2,230	2,377
Total Loans	2,726	2,946
Education | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	19	92
Financing receivable, originated in year one	118	163
Financing receivable, originated in year two	149	135
Financing receivable, originated in year three	121	101
Financing receivable, originated in year four	89	78
Prior	731	746
Total Loans	1,227	1,315
Education | Greater than or equal to 780 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	9	34
Financing receivable, originated in year one	66	90
Financing receivable, originated in year two	86	74
Financing receivable, originated in year three	70	59
Financing receivable, originated in year four	55	50
Prior	438	428
Total Loans	724	735
Education | 720 to 779 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	5	24
Financing receivable, originated in year one	31	46
Financing receivable, originated in year two	40	38
Financing receivable, originated in year three	32	28
Financing receivable, originated in year four	23	20
Prior	182	190
Total Loans	313	346
Education | 660 to 719 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	2	15
Financing receivable, originated in year one	9	15
Financing receivable, originated in year two	12	14
Financing receivable, originated in year three	12	9
Financing receivable, originated in year four	7	6
Prior	81	90
Total Loans	123	149
Education | Less than 660 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year		3
Financing receivable, originated in year one	1	2
Financing receivable, originated in year two	2	3
Financing receivable, originated in year three	2	2
Financing receivable, originated in year four	2	2
Prior	29	37
Total Loans	36	49
Education | No FICO score available or required | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	3	16
Financing receivable, originated in year one	11	10
Financing receivable, originated in year two	9	6
Financing receivable, originated in year three	5	3
Financing receivable, originated in year four	2
Prior	1	1
Total Loans	31	36
Education | Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	1,499	1,631
Total Loans	1,499	1,631
Other consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	581	581
Financing receivable, originated in year one	800	763
Financing receivable, originated in year two	846	304
Financing receivable, originated in year three	433	95
Financing receivable, originated in year four	127	75
Prior	216	161
Revolving Loans	3,204	2,713
Revolving Loans Converted to Term	32	6
Total Loans	6,239	4,698
Other consumer | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	527	514
Financing receivable, originated in year one	764	730
Financing receivable, originated in year two	819	267
Financing receivable, originated in year three	408	69
Financing receivable, originated in year four	101	15
Prior	104	86
Revolving Loans	708	379
Revolving Loans Converted to Term	12	3
Total Loans	3,443	2,063
Other consumer | Greater than or equal to 780 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	133	162
Financing receivable, originated in year one	218	187
Financing receivable, originated in year two	201	63
Financing receivable, originated in year three	78	21
Financing receivable, originated in year four	26	5
Prior	45	42
Revolving Loans	235	86
Revolving Loans Converted to Term	7	1
Total Loans	943	567
Other consumer | 720 to 779 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	160	197
Financing receivable, originated in year one	258	247
Financing receivable, originated in year two	259	82
Financing receivable, originated in year three	110	22
Financing receivable, originated in year four	27	5
Prior	28	22
Revolving Loans	214	123
Revolving Loans Converted to Term	3
Total Loans	1,059	698
Other consumer | 660 to 719 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	120	127
Financing receivable, originated in year one	198	210
Financing receivable, originated in year two	243	81
Financing receivable, originated in year three	134	17
Financing receivable, originated in year four	29	3
Prior	18	14
Revolving Loans	162	117
Revolving Loans Converted to Term	1	1
Total Loans	905	570
Other consumer | Less than 660 | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	32	28
Financing receivable, originated in year one	81	86
Financing receivable, originated in year two	115	41
Financing receivable, originated in year three	85	9
Financing receivable, originated in year four	19	2
Prior	12	8
Revolving Loans	53	53
Revolving Loans Converted to Term	1	1
Total Loans	398	228
Other consumer | No FICO score available or required | Using FICO Credit Metric
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	82
Financing receivable, originated in year one	9
Financing receivable, originated in year two	1
Financing receivable, originated in year three	1
Prior	1
Revolving Loans	44
Total Loans	138
Other consumer | Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, originated in current year	54	67
Financing receivable, originated in year one	36	33
Financing receivable, originated in year two	27	37
Financing receivable, originated in year three	25	26
Financing receivable, originated in year four	26	60
Prior	112	75
Revolving Loans	2,496	2,334
Revolving Loans Converted to Term	20	3
Total Loans	$ 2,796	$ 2,635

Loans and Related Allowance f_9

Loans and Related Allowance for Credit Losses (Financial Impact and TDRs by Concession Type) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	1,397	3,618	3,512	7,198
Pre-TDR Amortized Cost Basis	$ 127	$ 204	$ 252	$ 302
Post-TDR Amortized Cost Basis	103	212	225	287
Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Amortized Cost Basis	12	19	28	41
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Amortized Cost Basis	$ 91	160	$ 197	207
Principal Forgiveness
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Amortized Cost Basis		$ 33		$ 39
Total commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	11	29	30	42
Pre-TDR Amortized Cost Basis	$ 104	$ 147	$ 197	$ 209
Post-TDR Amortized Cost Basis	82	158	176	201
Total commercial | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Amortized Cost Basis	$ 82	125	$ 176	162
Total commercial | Principal Forgiveness
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Amortized Cost Basis		$ 33		$ 39
Total consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	1,386	3,589	3,482	7,156
Pre-TDR Amortized Cost Basis	$ 23	$ 57	$ 55	$ 93
Post-TDR Amortized Cost Basis	21	54	49	86
Total consumer | Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Amortized Cost Basis	12	19	28	41
Total consumer | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Post-TDR Amortized Cost Basis	$ 9	$ 35	$ 21	$ 45

Loans and Related Allowance _10

Loans and Related Allowance for Credit Losses (Subsequently Defaulted TDRs) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
TDRs
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost - Subsequently Defaulted TDRs	$ 14	$ 22	$ 26	$ 37

Loans and Related Allowance _11

Loans and Related Allowance for Credit Losses (Rollforward of Allowance for Credit Losses of Loans and Leases) (Details) - USD ($) $ in Millions	Jun. 01, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		$ 4,714	$ 3,944	$ 5,361	$ 2,742
Acquisition PCD reserves		1,115		1,115
Charge-offs		(428)	(314)	(671)	(618)
Recoveries		122	78	219	170
Net (charge-offs)		(306)	(236)	(452)	(448)
Provision for (recapture of) credit losses		206	2,220	(296)	3,172
Other		1		2	(1)
Ending balance		5,730	5,928	5,730	5,928
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		507	450	584	318
Acquisition PCD reserves		46		46
Provision for (recapture of) credit losses		92	212	15	165
Ending balance		645	662	645	662
Allowance for credit loss		6,375	6,590	6,375	6,590
Allowances for investment securities and other financial assets		138	51	138	51
BBVA USA Bancshares, Inc.
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Acquisition PCD reserves	$ 1,161
Net (charge-offs)		(248)		(248)
Total commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		3,083	1,979	3,337	1,812
Acquisition PCD reserves		828		828
Charge-offs		(274)	(122)	(343)	(205)
Recoveries		34	15	52	39
Net (charge-offs)		(240)	(107)	(291)	(166)
Provision for (recapture of) credit losses		140	1,508	(64)	2,039
Other		1		2	(1)
Ending balance		3,812	3,380	3,812	3,380
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		403	344	485	316
Acquisition PCD reserves		43		43
Provision for (recapture of) credit losses		87	204	5	179
Ending balance		533	548	533	548
Allowance for credit loss		4,345	3,928	4,345	3,928
Total consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		1,631	1,965	2,024	930
Acquisition PCD reserves		287		287
Charge-offs		(154)	(192)	(328)	(413)
Recoveries		88	63	167	131
Net (charge-offs)		(66)	(129)	(161)	(282)
Provision for (recapture of) credit losses		66	712	(232)	1,133
Ending balance		1,918	2,548	1,918	2,548
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		104	106	99	2
Acquisition PCD reserves		3		3
Provision for (recapture of) credit losses		5	8	10	(14)
Ending balance		112	114	112	114
Allowance for credit loss		2,030	2,662	2,030	2,662
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance					463
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance					179
Cumulative Effect, Period of Adoption, Adjustment | Total commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance					(304)
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance					53
Cumulative Effect, Period of Adoption, Adjustment | Total consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance					767
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance					126
Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		4,714	3,944	5,361	3,205
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		507	450	584	497
Cumulative Effect, Period of Adoption, Adjusted Balance | Total commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		3,083	1,979	3,337	1,508
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		403	344	485	369
Cumulative Effect, Period of Adoption, Adjusted Balance | Total consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		1,631	1,965	2,024	1,697
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance		$ 104	$ 106	$ 99	$ 128

Loan Sale and Servicing Activ_3

Loan Sale and Servicing Activities and Variable Interest Entities (Cash Flows Associated with Loan Sale and Servicing Activities) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Residential mortgage loans held for sale
Cash flows from sales of loans	$ 2,283	$ 2,195	$ 3,522	$ 3,529
Cash flows from repurchases of previously transferred loans	51	100	144	195
Cash flows from servicing fees	83	81	165	166
Cash flows from servicing advances recovered/(funded), net	(5)	7	12	19
Cash flows on mortgage-backed securities held	2,660	2,184	5,215	3,545
Carrying value of mortgage-backed securities held	17,500	22,400	17,500	22,400	$ 16,500
Commercial mortgage loans held for sale
Cash flows from sales of loans	735	1,334	1,723	1,827
Cash flows from repurchases of previously transferred loans	9	10	42	25
Cash flows from servicing fees	38	31	76	64
Cash flows from servicing advances recovered/(funded), net	(26)	(140)	(36)	(128)
Cash flows on mortgage-backed securities held	19	14	48	51
Carrying value of mortgage-backed securities held	$ 700	$ 900	$ 700	$ 900	$ 800

Loan Sale and Servicing Activ_4

Loan Sale and Servicing Activities and Variable Interest Entities (Principal Balance, Delinquent Loans (Loans 90 Days or More Past Due), and Net Charge-Offs Related to Serviced Loans) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Residential mortgage loans held for sale
Total principal balance	$ 44,345		$ 44,345		$ 43,351
Delinquent loans	548		548		453
Net charge-offs	1	$ 2	3	$ 10
Commercial mortgage loans held for sale
Total principal balance	41,036		41,036		40,790
Delinquent loans	62		62		$ 136
Net charge-offs	$ 25		$ 178	$ 99

Loan Sale and Servicing Activ_5

Loan Sale and Servicing Activities and Variable Interest Entities (Non-Consolidated VIEs) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
PNC Risk of Loss	$ 22,662	$ 21,328
Carrying Value of Assets Owned by PNC	554,212	466,679
Carrying Value of Liabilities Owned by PNC	499,527	412,638
Variable Interest Entity, Primary Beneficiary
Carrying Value of Assets Owned by PNC	22,740	21,101
Carrying Value of Liabilities Owned by PNC	1,788	1,199
Variable Interest Entity, Primary Beneficiary | Mortgage-Backed Securitizations
PNC Risk of Loss	18,849	18,207
Carrying Value of Assets Owned by PNC	18,849	18,207
Carrying Value of Liabilities Owned by PNC	1	1
Variable Interest Entity, Primary Beneficiary | Tax Credit Investments And Other
PNC Risk of Loss	3,813	3,121
Carrying Value of Assets Owned by PNC	3,891	2,894
Carrying Value of Liabilities Owned by PNC	$ 1,787	$ 1,198

Loan Sale and Servicing Activ_6

Loan Sale and Servicing Activities and Variable Interest Entities Loan Sale and Servicing Activities and Variable Interest Entities (Narrative) (Details) - USD ($) $ in Billions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Low Income Housing Tax Credit Investments
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortization, tax credits, and other tax benefits recognized low income housing tax credit investments (less than)	$ 0.1	$ 0.1

Goodwill and Mortgage Servici_3

Goodwill and Mortgage Servicing Rights (Goodwill by Business Segment) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 01, 2021	Dec. 31, 2020
Goodwill [Line Items]
Goodwill	$ 10,958,000		$ 9,233,000
BBVA USA Bancshares, Inc.
Goodwill [Line Items]
Goodwill		$ 1,640,000
Retail Banking
Goodwill [Line Items]
Goodwill	6,493,000		5,795,000
Corporate & Institutional Banking
Goodwill [Line Items]
Goodwill	4,274,000		3,374,000
Asset Management Group
Goodwill [Line Items]
Goodwill	$ 191,000		$ 64,000

Goodwill Mortgage Servicing Rig

Goodwill Mortgage Servicing Rights (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment charge			$ 0	$ 0
Mortgage servicing rights	$ 1,793,000,000		1,793,000,000		$ 1,242,000,000
Fees from mortgage and other loan servicing	$ 100,000,000	$ 100,000,000	$ 200,000,000	$ 200,000,000

Goodwill and Mortgage Servici_4

Goodwill and Mortgage Servicing Rights (Mortgage Servicing Rights) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Servicing Asset at Fair Value, Amount [Roll Forward]
Mortgage servicing rights, beginning balance	$ 1,242
Mortgage servicing rights, ending balance	1,793
Mortgage Servicing Rights | Commercial real estate
Servicing Asset at Fair Value, Amount [Roll Forward]
Mortgage servicing rights, beginning balance	569	$ 649
Mortgage servicing rights, ending balance	682	490
Unpaid principal balance of loans serviced for others at end of period	262,856	228,985
Servicing advances	473	285
Mortgage Servicing Rights | Commercial real estate | Time and Payoffs
Servicing Asset at Fair Value, Amount [Roll Forward]
Changes in Fair Value	(57)	(61)
Mortgage Servicing Rights | Commercial real estate | Other
Servicing Asset at Fair Value, Amount [Roll Forward]
Changes in Fair Value	110	(166)
Mortgage Servicing Rights | Commercial real estate | From loans sold with servicing retained
Servicing Asset at Fair Value, Amount [Roll Forward]
Additions	39	45
Mortgage Servicing Rights | Commercial real estate | Purchases
Servicing Asset at Fair Value, Amount [Roll Forward]
Additions	21	23
Mortgage Servicing Rights | Residential mortgage loans held for sale
Servicing Asset at Fair Value, Amount [Roll Forward]
Mortgage servicing rights, beginning balance	673	995
Mortgage servicing rights, ending balance	1,111	577
Unpaid principal balance of loans serviced for others at end of period	145,312	122,043
Servicing advances	134	92
Mortgage Servicing Rights | Residential mortgage loans held for sale | Time and Payoffs
Servicing Asset at Fair Value, Amount [Roll Forward]
Changes in Fair Value	(160)	(82)
Mortgage Servicing Rights | Residential mortgage loans held for sale | Other
Servicing Asset at Fair Value, Amount [Roll Forward]
Changes in Fair Value	154	(419)
Mortgage Servicing Rights | Residential mortgage loans held for sale | From loans sold with servicing retained
Servicing Asset at Fair Value, Amount [Roll Forward]
Additions	37	22
Mortgage Servicing Rights | Residential mortgage loans held for sale | Purchases
Servicing Asset at Fair Value, Amount [Roll Forward]
Additions	372	$ 61
Mortgage Servicing Rights | Residential mortgage loans held for sale | BBVA USA Bancshares, Inc.
Servicing Asset at Fair Value, Amount [Roll Forward]
Additions	$ 35

Goodwill Mortgage Servicing R_2

Goodwill Mortgage Servicing Rights (Commercial and Residential Mortgage Loan Servicing Assets - Key Valuation Assumptions) (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
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	$ 1,793	$ 1,242
Mortgage Servicing Rights | Commercial real estate
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	$ 682	$ 569	$ 490	$ 649
Weighted-average life (years)	4 years 6 months	4 years 4 months 24 days
Decline in fair value from 10% adverse change in prepayment rate	$ 11	$ 9
Decline in fair value from 20% adverse change in prepayment rate	20	18
Decline in fair value from 10% adverse change in interest rate	19	15
Decline in fair value from 20% adverse change in interest rate	39	31
Mortgage Servicing Rights | Residential mortgage loans held for sale
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	$ 1,111	$ 673	$ 577	$ 995
Weighted-average life (years)	5 years 6 months	3 years 9 months 18 days
Decline in fair value from 10% adverse change in prepayment rate	$ 49	$ 41
Decline in fair value from 20% adverse change in prepayment rate	$ 100	$ 82
Spread over the benchmark curve	8.81%	9.22%
Decline in fair value from 10% adverse change in adjusted spread	$ 35	$ 20
Decline in fair value from 20% adverse change in adjusted spread	$ 68	$ 38
Mortgage Servicing Rights | Measurement Input, Constant Prepayment Rate | Commercial real estate
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]
Servicing asset, measurement input	0.0520	0.0487
Mortgage Servicing Rights | Measurement Input, Constant Prepayment Rate | Residential mortgage loans held for sale
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]
Servicing asset, measurement input	0.1288	0.2113
Mortgage Servicing Rights | Measurement Input, Discount Rate | Commercial real estate
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]
Servicing asset, measurement input	0.0756	0.0733

Leases (Lessor Income) (Details

Leases (Lessor Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Sales-type leases and direct financing leases	$ 61	$ 70	$ 123	$ 141
Operating leases	20	25	40	52
Lessor income	$ 81	$ 95	$ 163	$ 193

Commitments (Other Commitments)

Commitments (Other Commitments) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Other Commitments [Line Items]
Commitments	$ 255,817	$ 220,368
Liability Related To Investments In Low Income Housing Tax Credits	1,500	1,100
Commitments to extend credit
Other Commitments [Line Items]
Commitments	241,434	207,821
Commitments to extend credit | BBVA USA Bancshares, Inc.
Other Commitments [Line Items]
Commitments	28,300
Commitments to extend credit | Total commercial
Other Commitments [Line Items]
Commitments	176,396	153,089
Commitments to extend credit | Home equity lines of credit
Other Commitments [Line Items]
Commitments	19,301	16,626
Commitments to extend credit | Credit card
Other Commitments [Line Items]
Commitments	35,092	31,019
Commitments to extend credit | Other
Other Commitments [Line Items]
Commitments	10,645	7,087
Standby letters of credit
Other Commitments [Line Items]
Commitments	9,803	9,053
Standby letters of credit | Remarketing Programs
Other Commitments [Line Items]
Commitments	3,700	3,800
Standby bond purchase agreements
Other Commitments [Line Items]
Commitments	1,516	1,448
Other commitments
Other Commitments [Line Items]
Commitments	$ 3,064	$ 2,046

Commitments (Narrative) (Detail

Commitments (Narrative) (Details) $ in Billions	6 Months Ended
	Jun. 30, 2021USD ($)
Minimum
Loss Contingencies [Line Items]
Standby letter of credit, term	1 year
Maximum
Loss Contingencies [Line Items]
Standby letter of credit, term	8 years
Standby letters of credit
Loss Contingencies [Line Items]
Internal credit ratings (as a percentage of portfolio) - Pass	96.00%
Standby letters of credit - Assets securing certain specifically identified standby letters of credit	$ 1.4
Standby letters of credit and participations in standby letters of credit - Liability carrying amount	$ 0.1

Total Equity and Other Compre_3

Total Equity and Other Comprehensive Income (Narrative) (Details) - Subsequent Event	Jul. 01, 2021$ / shares
Cash dividends declared, Common, per share (in dollars per share)	$ 1.25
Increase in quarterly cash dividend on common stock	$ 0.10
Increase in quarterly cash dividend on common stock, percentage	9.00%

Total Equity and Other Compre_4

Total Equity and Other Comprehensive Income (Rollforward of Total Equity) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2020
Common Stock [Abstract]
Equity, Beginning Balance	$ 53,879	$ 49,290	$ 54,041	$ 49,343
Accounting Standards Update [Extensible List]					us-gaap:AccountingStandardsUpdate201613Member
Net income	1,103	3,655	2,929	4,570
Other comprehensive income (loss), net of tax	173	551	(1,307)	2,270
Dividends, Cash [Abstract]
Common	(492)	(491)	(985)	(994)
Preferred	(48)	(55)	(105)	(118)
Preferred stock discount accretion
Common stock activity	12	11	12	11
Treasury stock activity	10	14	138	(1,296)
Other	48	(27)	(38)	(167)
Equity, Ending Balance	54,685	52,948	54,685	52,948	$ 49,343
Par value less than $.5 million at each date	$ 0.5	$ 0.5	$ 0.5	0.5	0.5	$ 0.5
Cumulative Effect, Period of Adoption, Adjustment
Common Stock [Abstract]
Equity, Beginning Balance				(671)
Dividends, Cash [Abstract]
Equity, Ending Balance					(671)
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock [Abstract]
Equity, Beginning Balance				$ 48,672
Dividends, Cash [Abstract]
Equity, Ending Balance					$ 48,672
Common Stock
Common Stock [Abstract]
Beginning Balance (in shares)	425	424	424	433
Treasury stock activity, shares		1	1	(8)
Ending Balance, (in shares)	425	425	425	425	433
Equity, Beginning Balance	$ 2,713	$ 2,712	$ 2,713	$ 2,712
Dividends, Cash [Abstract]
Equity, Ending Balance	2,713	2,712	2,713	$ 2,712	$ 2,712
Common Stock | Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock [Abstract]
Beginning Balance (in shares)				433
Ending Balance, (in shares)					433
Equity, Beginning Balance				$ 2,712
Dividends, Cash [Abstract]
Equity, Ending Balance					$ 2,712
Capital Surplus - Preferred Stock
Common Stock [Abstract]
Equity, Beginning Balance	3,518	3,994	3,517	3,993
Dividends, Cash [Abstract]
Preferred stock discount accretion	1	1	2	2
Equity, Ending Balance	3,519	3,995	3,519	3,995	3,993
Capital Surplus - Preferred Stock | Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock [Abstract]
Equity, Beginning Balance				3,993
Dividends, Cash [Abstract]
Equity, Ending Balance					3,993
Capital Surplus - Common Stock and Other
Common Stock [Abstract]
Equity, Beginning Balance	12,361	12,294	12,367	12,376
Dividends, Cash [Abstract]
Common stock activity	12	11	12	11
Treasury stock activity	4	2	73	51
Other	32	(18)	(43)	(149)
Equity, Ending Balance	12,409	12,289	12,409	12,289	12,376
Capital Surplus - Common Stock and Other | Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock [Abstract]
Equity, Beginning Balance				12,376
Dividends, Cash [Abstract]
Equity, Ending Balance					12,376
Retained Earnings
Common Stock [Abstract]
Equity, Beginning Balance	48,113	41,885	46,848	42,215
Net income	1,091	3,648	2,907	4,556
Dividends, Cash [Abstract]
Common	(492)	(491)	(985)	(994)
Preferred	(48)	(55)	(105)	(118)
Preferred stock discount accretion	(1)	(1)	(2)	(2)
Equity, Ending Balance	48,663	44,986	48,663	44,986	42,215
Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment
Common Stock [Abstract]
Equity, Beginning Balance				(671)
Dividends, Cash [Abstract]
Equity, Ending Balance					(671)
Retained Earnings | Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock [Abstract]
Equity, Beginning Balance				41,544
Dividends, Cash [Abstract]
Equity, Ending Balance					41,544
Accumulated Other Comprehensive Income (Loss)
Common Stock [Abstract]
Equity, Beginning Balance	1,290	2,518	2,770	799
Other comprehensive income (loss), net of tax	173	551	(1,307)	2,270
Dividends, Cash [Abstract]
Equity, Ending Balance	1,463	3,069	1,463	3,069	799
Accumulated Other Comprehensive Income (Loss) | Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock [Abstract]
Equity, Beginning Balance				799
Dividends, Cash [Abstract]
Equity, Ending Balance					799
Treasury Stock
Common Stock [Abstract]
Equity, Beginning Balance	(14,146)	(14,140)	(14,205)	(12,781)
Dividends, Cash [Abstract]
Treasury stock activity	6	12	65	(1,347)
Equity, Ending Balance	(14,140)	(14,128)	(14,140)	(14,128)	(12,781)
Treasury Stock | Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock [Abstract]
Equity, Beginning Balance				(12,781)
Dividends, Cash [Abstract]
Equity, Ending Balance					(12,781)
Non- controlling Interests
Common Stock [Abstract]
Equity, Beginning Balance	30	27	31	29
Net income	12	7	22	14
Dividends, Cash [Abstract]
Other	16	(9)	5	(18)
Equity, Ending Balance	$ 58	$ 25	$ 58	25	29
Non- controlling Interests | Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock [Abstract]
Equity, Beginning Balance				$ 29
Dividends, Cash [Abstract]
Equity, Ending Balance					$ 29

Total Equity and Other Compre_5

Total Equity and Other Comprehensive Income (Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax [Abstract]
Net unrealized gains (losses) on securities, pre-tax	$ 55	$ 579	$ (1,126)	$ 2,241
Less: Net realized gains (losses) reclassified to earnings	9	41	22	223
Net increase (decrease), pre-tax	46	538	(1,148)	2,018
Other Comprehensive Income (Loss), Available-for-sale Securities, before Reclassification Adjustments, Tax [Abstract]
Net unrealized gains (losses) on securities, tax effect	(13)	(134)	265	(515)
Less: Net realized gains (losses) reclassified to earnings, tax effect	(2)	(9)	(5)	(51)
Effect of income taxes	(11)	(125)	270	(464)
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, After Reclassification Adjustments, after Tax [Abstract]
Net unrealized gains (losses) on securities, after tax	42	445	(861)	1,726
Less: Net realized gains (losses) reclassified to earnings, after tax	7	32	17	172
Net increase (decrease), after-tax	35	413	(878)	1,554
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax [Abstract]
Net unrealized gains (losses) on cash flow hedges, pre-tax	330	115	(310)	945
Less: Net realized gains (losses) reclassified to earnings, pre-tax	108	103	243	148
Net increase (decrease), pre-tax	222	12	(553)	797
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax [Abstract]
Net unrealized gains (losses) on cash flow hedges, tax effect	(78)	(27)	73	(217)
Less: Net realized gains (losses) reclassified to earnings, tax effect	(25)	(24)	(57)	(34)
Effect of income taxes	(53)	(3)	130	(183)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax [Abstract]
Net unrealized gains (losses) on cash flow hedges, after tax	252	88	(237)	728
Less: Net realized gains (losses) reclassified to earnings, after tax	83	79	186	114
Net increase (decrease), after-tax	169	9	(423)	614
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax [Abstract]
Net pension and other postretirement benefit plan activity and other reclassified to earnings, pre-tax	(43)	(17)	(13)	(5)
Net increase (decrease), pre-tax	(43)	(17)	(13)	(5)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax [Abstract]
Net pension and other postretirement benefit plan activity and other reclassified to earnings, tax effect	10	4	3	1
Effect of income taxes	10	4	3	1
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax [Abstract]
Net pension and other postretirement benefit plan activity and other reclassified to earnings, after-tax	(33)	(13)	(10)	(4)
Net increase (decrease), after-tax	(33)	(13)	(10)	(4)
Other Comprehensive Income Other Adjustments [Abstract]
Net unrealized gains (losses) on other transactions, pre-tax		2	1	10
Net increase (decrease), pre-tax		2	1	10
Net unrealized gains (losses) on other transactions, tax effect	2	(1)	3	(19)
Effect of income taxes	2	(1)	3	(19)
Net unrealized gains (losses) on other transactions, after tax	2	1	4	(9)
Net increase (decrease), after-tax	2	1	4	(9)
Other comprehensive income (loss), before tax and net of reclassifications into Net income	225	717	(1,713)	2,968
Total other comprehensive income (loss), tax effect	(52)	(166)	406	(698)
Other comprehensive income (loss), after tax and net of reclassifications into Net income	173	551	(1,307)	2,270
Continuing Operations
Other Comprehensive Income Other Adjustments [Abstract]
Net unrealized gains (losses) on other transactions, pre-tax		2	1	10
Other comprehensive income (loss), before tax and net of reclassifications into Net income	225	535	(1,713)	2,820
Total other comprehensive income (loss), tax effect	(52)	(125)	406	(665)
Other comprehensive income (loss), after tax and net of reclassifications into Net income	$ 173	410	(1,307)	2,155
Discontinued Operations
Other Comprehensive Income Other Adjustments [Abstract]
Other comprehensive income (loss), before tax and net of reclassifications into Net income		182		148
Total other comprehensive income (loss), tax effect		(41)		(33)
Other comprehensive income (loss), after tax and net of reclassifications into Net income		$ 141		$ 115

Total Equity and Other Compre_6

Total Equity and Other Comprehensive Income (Accumulated Other Comprehensive Income (Loss) Components) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance	$ 53,879	$ 49,290	$ 54,041	$ 49,343
Other comprehensive income (loss), net of tax	173	551	(1,307)	2,270
Equity, Ending Balance	54,685	52,948	54,685	52,948
Continuing Operations
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), net of tax	173	410	(1,307)	2,155
Discontinued Operations
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), net of tax		141		115
Debt securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance	1,549	2,208	2,462	1,067
Other comprehensive income (loss), net of tax	35	413	(878)	1,554
Equity, Ending Balance	1,584	2,621	1,584	2,621
Cash flow hedge derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance	67	881	659	276
Other comprehensive income (loss), net of tax	169	9	(423)	614
Equity, Ending Balance	236	890	236	890
Pension and  other postretirement benefit plan adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance	(322)	(399)	(345)	(408)
Other comprehensive income (loss), net of tax	(33)	(13)	(10)	(4)
Equity, Ending Balance	(355)	(412)	(355)	(412)
Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance	(4)	(31)	(6)	(21)
Other comprehensive income (loss), net of tax	2	1	4	(9)
Equity, Ending Balance	(2)	(30)	(2)	(30)
Total
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance	1,290	2,518	2,770	799
Other comprehensive income (loss), net of tax	173	551	(1,307)	2,270
Equity, Ending Balance	1,463	3,069	1,463	3,069
Total | Continuing Operations
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance	1,290	2,659	2,770	914
Other comprehensive income (loss), net of tax	173	410	(1,307)	2,155
Equity, Ending Balance	1,463	3,069	1,463	3,069
Total | Discontinued Operations
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equity, Beginning Balance		(141)		(115)
Other comprehensive income (loss), net of tax		141		115
Equity, Ending Balance

Total Equity and Other Compre_7

Total Equity and Other Comprehensive Income (Dividends per Share) (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Sep. 01, 2020
Class of Stock [Line Items]
Common stock held in treasury at cost (shares)	118,000,000		118,000,000		119,000,000
Common Stock
Class of Stock [Line Items]
Cash dividends declared, Common, per share (in dollars per share)	$ 1.15	$ 1.15	$ 2.30	$ 2.30
Series B
Class of Stock [Line Items]
Cash dividends declared, Preferred, per share (in dollars per share)	0.45	0.45	0.90	0.90
Series O
Class of Stock [Line Items]
Cash dividends declared, Preferred, per share (in dollars per share)			3,375	3,375
Series P
Class of Stock [Line Items]
Cash dividends declared, Preferred, per share (in dollars per share)	1,532	1,532	3,063	3,063
Series Q
Class of Stock [Line Items]
Cash dividends declared, Preferred, per share (in dollars per share)		1,344		2,688
Treasury stock, preferred (shares)						4,800
Series R
Class of Stock [Line Items]
Cash dividends declared, Preferred, per share (in dollars per share)	2,425	2,425	2,425	2,425
Series S
Class of Stock [Line Items]
Cash dividends declared, Preferred, per share (in dollars per share)	$ 2,500	$ 2,500	$ 2,500	$ 2,500
Depositary Shares
Class of Stock [Line Items]
Common stock held in treasury at cost (shares)						19,200,000

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net income (loss) from continuing operations	$ 1,103	$ (744)	$ 2,929	$ 15
Net income attributable to noncontrolling interests	12	7	22	14
Preferred stock dividends	48	55	105	118
Preferred stock discount accretion and redemptions	1	1	2	2
Net income (loss) from continuing operations attributable to common shareholders	1,042	(807)	2,800	(119)
Less: Dividends and undistributed earnings allocated to nonvested restricted shares	5	1	13	4
Net income (loss) from continuing operations attributable to basic common shareholders	$ 1,037	(808)	$ 2,787	(123)
Net income from discontinued operations attributable to common shareholders		4,399		4,555
Less: Undistributed earnings allocated to nonvested restricted shares		21		22
Net income from discontinued operations attributable to basic common shareholders		$ 4,378		$ 4,533
Basic weighted-average common shares outstanding (in shares)	427	426	426	428
Basic earnings (loss) per common share from continuing operations (in dollars per share)	$ 2.43	$ (1.90)	$ 6.54	$ (0.29)
Basic earnings per common share from discontinued operations (in dollars per share)		10.28		10.60
Basic earnings per common share (in dollars per share)	$ 2.43	$ 8.40	$ 6.54	$ 10.33
Net income (loss) from continuing operations attributable to diluted common shareholders	$ 1,037	$ (808)	$ 2,787	$ (123)
Less: Impact of earnings per share dilution from discontinued operations		1		2
Net income from discontinued operations attributable to diluted common shareholders		$ 4,377		$ 4,531
Dilutive potential common shares (in shares)			1
Diluted weighted-average common shares outstanding (in shares)	427	426	427	428
Diluted earnings (loss) per common share from continuing operations (in dollars per share)	$ 2.43	$ (1.90)	$ 6.53	$ (0.29)
Diluted earnings per common share from discontinued operations (in dollars per share)		10.28		10.59
Diluted earnings per common share (in dollars per share)	$ 2.43	$ 8.40	$ 6.53	$ 10.32

Fair Value (Recurring Fair Valu

Fair Value (Recurring Fair Value Measurements) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Assets
Investment securities – available for sale	$ 125,058	$ 87,358
Mortgage servicing rights	1,793	1,242
Financial derivatives	4,669	4,379
Liabilities
Financial derivatives	$ 722	$ 584
Assets At Fair Value | Assets, Total | Assets
Liabilities
Concentration risk, percentage	26.00%	22.00%
Level 3 Assets | Assets, Total | Assets
Liabilities
Concentration risk, percentage	4.00%	5.00%
Level 3 Assets | Assets | Assets
Liabilities
Concentration risk, percentage	1.00%	1.00%
Liabilities At Fair Value | Liabilities, Total | Liability
Liabilities
Concentration risk, percentage	1.00%	1.00%
Level Three Liabilities | Liabilities, Total | Liability
Liabilities
Concentration risk, percentage	7.00%	9.00%
Level Three Liabilities | Liability | Liability
Liabilities
Concentration risk, percentage	1.00%	1.00%
Fair Value, Recurring
Assets
Investment securities – available for sale	$ 125,058	$ 87,358
Loans	1,727	1,365
Equity investments	2,697	2,629
Trading securities	1,829	2,238
Financial derivatives	6,447	6,533
Other assets	554	454
Total Assets	142,065	103,035
Liabilities
Other borrowed funds	810	707
Financial derivatives	3,719	2,756
Other liabilities	124	43
Total liabilities	4,653	3,506
Level 1 | Fair Value, Recurring
Assets
Investment securities – available for sale	34,627	16,675
Equity investments	922	1,070
Trading securities	621	548
Financial derivatives	3
Other assets	450	373
Total Assets	36,623	18,666
Liabilities
Other borrowed funds	732	661
Total liabilities	732	661
Level 2 | Fair Value, Recurring
Assets
Investment securities – available for sale	88,935	69,036
Loans	748	718
Trading securities	1,208	1,690
Financial derivatives	6,357	6,415
Other assets	104	81
Total Assets	98,902	78,936
Liabilities
Other borrowed funds	76	44
Financial derivatives	3,519	2,483
Total liabilities	3,595	2,527
Level 3 | Fair Value, Recurring
Assets
Investment securities – available for sale	1,496	1,647
Loans	979	647
Equity investments	1,540	1,263
Financial derivatives	87	118
Total Assets	6,305	5,137
Liabilities
Other borrowed funds	2	2
Financial derivatives	200	273
Other liabilities	124	43
Total liabilities	326	318
Residential mortgage loans held for sale | Fair Value, Recurring
Assets
Loans held for sale	1,504	854
Residential mortgage loans held for sale | Level 2 | Fair Value, Recurring
Assets
Loans held for sale	1,385	691
Residential mortgage loans held for sale | Level 3 | Fair Value, Recurring
Assets
Loans held for sale	119	163
Commercial mortgage loans held for sale | Fair Value, Recurring
Assets
Loans held for sale	217	362
Commercial mortgage loans held for sale | Level 2 | Fair Value, Recurring
Assets
Loans held for sale	165	305
Commercial mortgage loans held for sale | Level 3 | Fair Value, Recurring
Assets
Loans held for sale	52	57
Other consumer loans held for sale | Fair Value, Recurring
Assets
Loans held for sale	239
Other consumer loans held for sale | Level 3 | Fair Value, Recurring
Assets
Loans held for sale	239
U.S. Treasury and government agencies | Fair Value, Recurring
Assets
Investment securities – available for sale	39,011	20,711
U.S. Treasury and government agencies | Level 1 | Fair Value, Recurring
Assets
Investment securities – available for sale	34,627	16,675
U.S. Treasury and government agencies | Level 2 | Fair Value, Recurring
Assets
Investment securities – available for sale	4,384	4,036
Residential mortgage-backed | Mortgage-backed Securities Agency | Fair Value, Recurring
Assets
Investment securities – available for sale	67,314	48,911
Residential mortgage-backed | Mortgage-backed Securities Non-agency | Fair Value, Recurring
Assets
Investment securities – available for sale	1,323	1,501
Residential mortgage-backed | Level 2 | Mortgage-backed Securities Agency | Fair Value, Recurring
Assets
Investment securities – available for sale	67,314	48,911
Residential mortgage-backed | Level 2 | Mortgage-backed Securities Non-agency | Fair Value, Recurring
Assets
Investment securities – available for sale	86	136
Residential mortgage-backed | Level 3 | Mortgage-backed Securities Non-agency | Fair Value, Recurring
Assets
Investment securities – available for sale	1,237	1,365
Commercial mortgage-backed | Mortgage-backed Securities Agency | Fair Value, Recurring
Assets
Investment securities – available for sale	2,331	2,688
Commercial mortgage-backed | Mortgage-backed Securities Non-agency | Fair Value, Recurring
Assets
Investment securities – available for sale	4,079	3,689
Commercial mortgage-backed | Level 2 | Mortgage-backed Securities Agency | Fair Value, Recurring
Assets
Investment securities – available for sale	2,331	2,688
Commercial mortgage-backed | Level 2 | Mortgage-backed Securities Non-agency | Fair Value, Recurring
Assets
Investment securities – available for sale	4,068	3,678
Commercial mortgage-backed | Level 3 | Mortgage-backed Securities Non-agency | Fair Value, Recurring
Assets
Investment securities – available for sale	11	11
Asset-backed | Fair Value, Recurring
Assets
Investment securities – available for sale	5,697	5,150
Asset-backed | Level 2 | Fair Value, Recurring
Assets
Investment securities – available for sale	5,522	4,951
Asset-backed | Level 3 | Fair Value, Recurring
Assets
Investment securities – available for sale	175	199
Other | Fair Value, Recurring
Assets
Investment securities – available for sale	5,303	4,708
Other | Level 2 | Fair Value, Recurring
Assets
Investment securities – available for sale	5,230	4,636
Other | Level 3 | Fair Value, Recurring
Assets
Investment securities – available for sale	73	72
Residential mortgage servicing rights | Fair Value, Recurring
Assets
Mortgage servicing rights	1,111	673
Residential mortgage servicing rights | Level 3 | Fair Value, Recurring
Assets
Mortgage servicing rights	1,111	673
Commercial mortgage servicing rights | Fair Value, Recurring
Assets
Mortgage servicing rights	682	569
Commercial mortgage servicing rights | Level 3 | Fair Value, Recurring
Assets
Mortgage servicing rights	$ 682	$ 569

Fair Value (Reconciliation of R

Fair Value (Reconciliation of Recurring Fair Value Measurements) (Details) - Fair Value, Recurring - Level 3 - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 5,611	$ 4,873	$ 5,137	$ 5,395
Included in Earnings	78	(35)	575	(521)
Included in other comprehensive income	3	141	22	(115)
Purchases	417	153	666	285
Sales	(97)	(23)	(143)	(108)
Issuances	45	46	76	67
Settlements	(318)	(241)	(589)	(82)
Transfers into Level 3	5	102	8	106
Transfers out of Level 3	(10)	(78)	(18)	(89)
Impact from BBVA Acquisition	571		571
Ending Balance	6,305	4,938	6,305	4,938
Unrealized gains/losses on assets held on Consolidated Balance Sheet	44	(16)	531	(541)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	302	262	318	344
Included in Earnings	32	32	53	42
Purchases
Sales	1	1	3	2
Issuances	287	39	318	62
Settlements	(303)	(40)	(373)	(156)
Transfers into Level 3				2
Transfers out of Level 3		2
Impact from BBVA Acquisition	7		7
Ending Balance	326	296	326	296
Unrealized gains/losses on liabilities held on Consolidated Balance Sheet	46	25	20	29
Fair Value Additional Information [Abstract]
Net gains (losses) included in earnings (realized and unrealized) relating to Level 3 assets and liabilities	46	(67)	522	(563)
Net unrealized gains (losses) relating to Level 3 assets and liabilities	(2)	(41)	511	(570)
Loans held for sale | Residential mortgage loans held for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	165	4	163	2
Included in Earnings	(1)
Purchases	3	5	38	7
Sales	(36)	(1)	(52)	(2)
Settlements	(12)	(3)	(28)	(3)
Transfers into Level 3	5	83	8	87
Transfers out of Level 3	(5)		(10)	(3)
Ending Balance	119	88	119	88
Loans held for sale | Commercial mortgage loans held for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	56	60	57	64
Included in Earnings	1			(1)
Sales	(6)		(6)
Settlements	1		1	(3)
Ending Balance	52	60	52	60
Unrealized gains/losses on assets held on Consolidated Balance Sheet			1	(1)
Loans held for sale | Other consumer loans held for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance
Impact from BBVA Acquisition	239		239
Ending Balance	239		239
Securities available for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	1,593	1,717	1,647	2,055
Included in Earnings	11	14	21	32
Included in other comprehensive income	3	141	22	(115)
Purchases	2		3	4
Sales
Settlements	(113)	(99)	(197)	(203)
Transfers into Level 3		19		19
Ending Balance	1,496	1,792	1,496	1,792
Securities available for sale | Residential mortgage-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	1,316	1,442	1,365	1,741
Included in Earnings	11	12	20	28
Included in other comprehensive income		123	16	(99)
Settlements	(90)	(86)	(164)	(179)
Ending Balance	1,237	1,491	1,237	1,491
Securities available for sale | Commercial mortgage-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	11		11
Transfers into Level 3		19		19
Ending Balance	11	19	11	19
Securities available for sale | Asset-backed
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	194	202	199	240
Included in Earnings		2	1	4
Included in other comprehensive income	2	16	5	(13)
Purchases
Settlements	(21)	(10)	(30)	(21)
Ending Balance	175	210	175	210
Securities available for sale | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	72	73	72	74
Included in Earnings
Included in other comprehensive income	1	2	1	(3)
Purchases	2		3	4
Settlements	(2)	(3)	(3)	(3)
Ending Balance	73	72	73	72
Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	711	655	647	300
Included in Earnings	10	2	20	13
Purchases	9	55	97	71
Sales	(3)	(5)	(6)	(31)
Issuances
Settlements	(35)	(22)	(63)	340
Transfers out of Level 3	(5)	(78)	(8)	(86)
Impact from BBVA Acquisition	292		292
Ending Balance	979	607	979	607
Unrealized gains/losses on assets held on Consolidated Balance Sheet	10	2	20	13
Equity investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	1,343	1,220	1,263	1,276
Included in Earnings	157	(62)	224	(131)
Purchases	92	42	132	113
Sales	(52)	(17)	(79)	(75)
Impact from BBVA Acquisition
Ending Balance	1,540	1,183	1,540	1,183
Unrealized gains/losses on assets held on Consolidated Balance Sheet	136	(62)	199	(125)
Mortgage Servicing Rights | Residential mortgage loans held for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	979	605	673	995
Included in Earnings	(141)	(40)	154	(419)
Purchases	301	43	372	61
Issuances	24	12	37	22
Settlements	(87)	(43)	(160)	(82)
Impact from BBVA Acquisition	35		35
Ending Balance	1,111	577	1,111	577
Unrealized gains/losses on assets held on Consolidated Balance Sheet	(141)	(41)	154	(420)
Mortgage Servicing Rights | Commercial mortgage loans held for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	701	477	569	649
Included in Earnings	(19)	1	110	(166)
Purchases	8	4	21	23
Issuances	21	34	39	45
Settlements	(29)	(26)	(57)	(61)
Impact from BBVA Acquisition
Ending Balance	682	490	682	490
Unrealized gains/losses on assets held on Consolidated Balance Sheet	(18)	1	111	(166)
Financial derivatives
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	63	135	118	54
Included in Earnings	60	50	46	151
Purchases	2	4	3	6
Settlements	(43)	(48)	(85)	(70)
Impact from BBVA Acquisition	5		5
Ending Balance	87	141	87	141
Unrealized gains/losses on assets held on Consolidated Balance Sheet	57	84	46	158
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	227	185	273	200
Included in Earnings	4	28	(10)	36
Sales	1	1	3	2
Issuances
Settlements	(39)	(5)	(73)	(29)
Impact from BBVA Acquisition	7		7
Ending Balance	200	209	200	209
Unrealized gains/losses on liabilities held on Consolidated Balance Sheet	19	27	(11)	37
Other borrowed funds
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	2	5	2	7
Issuances		13	1	25
Settlements		(16)	(1)	(30)
Ending Balance	2	2	2	2
Other liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	73	72	43	137
Included in Earnings	28	4	63	6
Issuances	287	26	317	37
Settlements	(264)	(19)	(299)	(97)
Transfers into Level 3				2
Transfers out of Level 3		2
Ending Balance	124	85	124	85
Unrealized gains/losses on liabilities held on Consolidated Balance Sheet	$ 27	$ (2)	$ 31	$ (8)

Fair Value (Fair Value Measurem

Fair Value (Fair Value Measurements- Recurring Quantitative Information) (Details) - Fair Value, Recurring $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 142,065	$ 103,035
Financial and nonfinancial liabilities, fair value disclosure	(4,653)	(3,506)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	6,305	5,137
Financial and nonfinancial liabilities, fair value disclosure	(326)	(318)
Total recurring assets net of recurring liabilities - fair value	5,979	4,819
Level 3 | Loans held for sale | Commercial mortgage loans held for sale | Discounted Cash Flow, Spread Over the Benchmark Curve
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 52	$ 57
Level 3 | Loans held for sale | Commercial mortgage loans held for sale | Discounted cash flow | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Spread over the benchmark curve	6.20%	6.30%
Level 3 | Loans held for sale | Commercial mortgage loans held for sale | Discounted cash flow | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Spread over the benchmark curve	78.80%	52.75%
Level 3 | Loans held for sale | Commercial mortgage loans held for sale | Discounted cash flow | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Spread over the benchmark curve	49.50%	34.06%
Level 3 | Loans held for sale | Other consumer loans held for sale | Consensus Pricing
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 239
Level 3 | Securities available for sale | Residential mortgage-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 1,237	$ 1,365
Level 3 | Securities available for sale | Residential mortgage-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Spread over the benchmark curve	1.76%	2.42%
Level 3 | Securities available for sale | Asset-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 175	$ 199
Level 3 | Securities available for sale | Asset-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Spread over the benchmark curve	1.97%	2.91%
Level 3 | Loans - Residential real estate | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 125	$ 132
Level 3 | Loans - Residential real estate | Consensus Pricing
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 662	$ 434
Level 3 | Loans - Residential real estate | Consensus Pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cumulative default rate	3.60%	3.60%
Level 3 | Loans - Residential real estate | Consensus Pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cumulative default rate	100.00%	100.00%
Level 3 | Loans - Residential real estate | Consensus Pricing | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cumulative default rate	79.70%	82.10%
Level 3 | Loans - Residential real estate | Consensus Pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit and liquidity discount		17.50%
Level 3 | Loans - Residential real estate | Consensus Pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit and liquidity discount		97.00%
Level 3 | Loans - Residential real estate | Consensus Pricing | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit and liquidity discount		57.70%
Level 3 | Loans - Home equity | Consensus Pricing
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 19	$ 21
Level 3 | Loans - Home equity | Consensus Pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cumulative default rate	3.60%	3.60%
Level 3 | Loans - Home equity | Consensus Pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cumulative default rate	100.00%	100.00%
Level 3 | Loans - Home equity | Consensus Pricing | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cumulative default rate	83.90%	88.50%
Level 3 | Loans - Home equity | Consensus Pricing
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 173	$ 60
Level 3 | Loans - Home equity | Consensus Pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit and liquidity discount	0.00%
Level 3 | Loans - Home equity | Consensus Pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit and liquidity discount	100.00%
Level 3 | Loans - Home equity | Consensus Pricing | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit and liquidity discount	35.70%
Level 3 | Equity investments | Multiple of adjusted earnings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 1,540	$ 1,263
Level 3 | Equity investments | Multiple of adjusted earnings | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Multiple of earnings	0.040	0.050
Level 3 | Equity investments | Multiple of adjusted earnings | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Multiple of earnings	0.287	0.159
Level 3 | Equity investments | Multiple of adjusted earnings | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Multiple of earnings	0.092	0.087
Level 3 | Mortgage Servicing Rights | Commercial mortgage loans held for sale | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 682	$ 569
Level 3 | Mortgage Servicing Rights | Residential mortgage loans held for sale | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 1,111	$ 673
Level 3 | Mortgage Servicing Rights | Residential mortgage loans held for sale | Discounted cash flow | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Spread over the benchmark curve	3.62%	3.25%
Level 3 | Mortgage Servicing Rights | Residential mortgage loans held for sale | Discounted cash flow | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Spread over the benchmark curve	26.61%	27.83%
Level 3 | Mortgage Servicing Rights | Residential mortgage loans held for sale | Discounted cash flow | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Spread over the benchmark curve	8.81%	9.22%
Level 3 | Financial derivatives | Visa Class B Swap | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial and nonfinancial liabilities, fair value disclosure	$ (182)	$ (252)
Estimated growth rate of Visa Class A share price	16.00%	16.00%
Level 3 | Financial derivatives | Visa Class B Swap | Discounted cash flow | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated conversion factor of Class B shares into Class A shares	162.30%	162.30%
Level 3 | Insignificant Assets, Net of Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets - fair value	$ 146	$ 298
Measurement Input, Constant Prepayment Rate | Level 3 | Securities available for sale | Residential mortgage-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.010	0.010
Measurement Input, Constant Prepayment Rate | Level 3 | Securities available for sale | Residential mortgage-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.307	0.376
Measurement Input, Constant Prepayment Rate | Level 3 | Securities available for sale | Residential mortgage-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.111	0.086
Measurement Input, Constant Prepayment Rate | Level 3 | Securities available for sale | Asset-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.010	0.010
Measurement Input, Constant Prepayment Rate | Level 3 | Securities available for sale | Asset-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.400	0.220
Measurement Input, Constant Prepayment Rate | Level 3 | Securities available for sale | Asset-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.094	0.074
Measurement Input, Constant Prepayment Rate | Level 3 | Mortgage Servicing Rights | Commercial mortgage loans held for sale | Discounted cash flow | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.046	0.040
Measurement Input, Constant Prepayment Rate | Level 3 | Mortgage Servicing Rights | Commercial mortgage loans held for sale | Discounted cash flow | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.143	0.161
Measurement Input, Constant Prepayment Rate | Level 3 | Mortgage Servicing Rights | Commercial mortgage loans held for sale | Discounted cash flow | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.052	0.049
Measurement Input, Constant Prepayment Rate | Level 3 | Mortgage Servicing Rights | Residential mortgage loans held for sale | Discounted cash flow | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0	0
Measurement Input, Constant Prepayment Rate | Level 3 | Mortgage Servicing Rights | Residential mortgage loans held for sale | Discounted cash flow | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.378	0.775
Measurement Input, Constant Prepayment Rate | Level 3 | Mortgage Servicing Rights | Residential mortgage loans held for sale | Discounted cash flow | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.129	0.211
Measurement Input, Constant Default Rate | Level 3 | Securities available for sale | Residential mortgage-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0	0
Measurement Input, Constant Default Rate | Level 3 | Securities available for sale | Residential mortgage-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.169	0.122
Measurement Input, Constant Default Rate | Level 3 | Securities available for sale | Residential mortgage-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.047	0.047
Measurement Input, Constant Default Rate | Level 3 | Securities available for sale | Asset-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.014	0.010
Measurement Input, Constant Default Rate | Level 3 | Securities available for sale | Asset-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.060	0.060
Measurement Input, Constant Default Rate | Level 3 | Securities available for sale | Asset-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.029	0.033
Measurement Input, Loss Severity | Level 3 | Loans held for sale | Other consumer loans held for sale | Consensus Pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.048
Measurement Input, Loss Severity | Level 3 | Loans held for sale | Other consumer loans held for sale | Consensus Pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.950
Measurement Input, Loss Severity | Level 3 | Loans held for sale | Other consumer loans held for sale | Consensus Pricing | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.056
Measurement Input, Loss Severity | Level 3 | Securities available for sale | Residential mortgage-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.250	0.250
Measurement Input, Loss Severity | Level 3 | Securities available for sale | Residential mortgage-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.957	0.957
Measurement Input, Loss Severity | Level 3 | Securities available for sale | Residential mortgage-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.481	0.488
Measurement Input, Loss Severity | Level 3 | Securities available for sale | Asset-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.080	0.300
Measurement Input, Loss Severity | Level 3 | Securities available for sale | Asset-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	1	1
Measurement Input, Loss Severity | Level 3 | Securities available for sale | Asset-backed | Priced By A Third Party Vendor Using Discounted Cash Flow Pricing Model | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, measurement input	0.545	0.581
Measurement Input, Loss Severity | Level 3 | Loans - Residential real estate | Discounted cash flow | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.080	0.080
Measurement Input, Loss Severity | Level 3 | Loans - Residential real estate | Consensus Pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0	0
Measurement Input, Loss Severity | Level 3 | Loans - Residential real estate | Consensus Pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	1	1
Measurement Input, Loss Severity | Level 3 | Loans - Residential real estate | Consensus Pricing | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.096	0.112
Measurement Input, Loss Severity | Level 3 | Loans - Home equity | Consensus Pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0	0
Measurement Input, Loss Severity | Level 3 | Loans - Home equity | Consensus Pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.984	0.984
Measurement Input, Loss Severity | Level 3 | Loans - Home equity | Consensus Pricing | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.296	0.333
Measurement Input, Discount Rate | Level 3 | Loans - Residential real estate | Discounted cash flow | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.032	0.032
Measurement Input, Discount Rate | Level 3 | Loans - Residential real estate | Consensus Pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.048	0.048
Measurement Input, Discount Rate | Level 3 | Loans - Residential real estate | Consensus Pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.068	0.068
Measurement Input, Discount Rate | Level 3 | Loans - Residential real estate | Consensus Pricing | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.051	0.051
Measurement Input, Discount Rate | Level 3 | Loans - Home equity | Consensus Pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.048	0.048
Measurement Input, Discount Rate | Level 3 | Loans - Home equity | Consensus Pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.068	0.068
Measurement Input, Discount Rate | Level 3 | Loans - Home equity | Consensus Pricing | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, measurement input	0.062	0.063
Measurement Input, Discount Rate | Level 3 | Mortgage Servicing Rights | Commercial mortgage loans held for sale | Discounted cash flow | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.052	0.047
Measurement Input, Discount Rate | Level 3 | Mortgage Servicing Rights | Commercial mortgage loans held for sale | Discounted cash flow | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.079	0.078
Measurement Input, Discount Rate | Level 3 | Mortgage Servicing Rights | Commercial mortgage loans held for sale | Discounted cash flow | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing asset, measurement input	0.076	0.073

Fair Value (Nonrecurring Fair V

Fair Value (Nonrecurring Fair Value Measurements) (Details) - Fair Value, Nonrecurring - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	$ 288		$ 288		$ 370
Nonrecurring Assets - Gains (Losses)	(4)	$ (34)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Gains (Losses)			(15)	$ (61)
Level 3 | Nonaccrual loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	266		266		332
Nonrecurring Assets - Gains (Losses)	5	(31)	(4)	(56)
Level 3 | OREO and foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	4		4		18
Nonrecurring Assets - Gains (Losses)		(1)		(2)
Level 3 | Long-lived assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Assets - Fair Value	18		18		$ 20
Nonrecurring Assets - Gains (Losses)	$ (9)	$ (2)	$ (11)	$ (3)

Fair Value (Fair Value Option -

Fair Value (Fair Value Option - Fair Value and Principal Balances) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Other assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	$ 98	$ 81
Aggregate unpaid principal balance of assets for which fair value option was elected	102	69
Fair value option aggregate difference assets	(4)	12
Other borrowed funds
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value of liabilities for which fair value option was elected	26	32
Aggregate unpaid principal balance, other borrowed funds	26	33
Difference, Other borrowed funds		(1)
Residential mortgage loans held for sale | Loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	1,504	855
Aggregate unpaid principal balance of assets for which fair value option was elected	1,466	821
Fair value option aggregate difference assets	38	34
Residential mortgage loans held for sale | Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	1,727	1,365
Aggregate unpaid principal balance of assets for which fair value option was elected	2,054	1,645
Fair value option aggregate difference assets	(327)	(280)
Residential mortgage loans held for sale | Accruing loans less than 90 days past due | Loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	1,451	831
Aggregate unpaid principal balance of assets for which fair value option was elected	1,404	793
Fair value option aggregate difference assets	47	38
Residential mortgage loans held for sale | Accruing loans less than 90 days past due | Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	714	519
Aggregate unpaid principal balance of assets for which fair value option was elected	733	530
Fair value option aggregate difference assets	(19)	(11)
Residential mortgage loans held for sale | Accruing loans 90 days or more past due | Loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	3	4
Aggregate unpaid principal balance of assets for which fair value option was elected	3	4
Residential mortgage loans held for sale | Accruing loans 90 days or more past due | Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	290	283
Aggregate unpaid principal balance of assets for which fair value option was elected	308	295
Fair value option aggregate difference assets	(18)	(12)
Residential mortgage loans held for sale | Nonaccrual loans | Loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	50	20
Aggregate unpaid principal balance of assets for which fair value option was elected	59	24
Fair value option aggregate difference assets	(9)	(4)
Residential mortgage loans held for sale | Nonaccrual loans | Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	723	563
Aggregate unpaid principal balance of assets for which fair value option was elected	1,013	820
Fair value option aggregate difference assets	(290)	(257)
Commercial real estate | Loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	217	362
Aggregate unpaid principal balance of assets for which fair value option was elected	234	376
Fair value option aggregate difference assets	(17)	(14)
Commercial real estate | Accruing loans less than 90 days past due | Loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	217	357
Aggregate unpaid principal balance of assets for which fair value option was elected	234	370
Fair value option aggregate difference assets	(17)	(13)
Commercial real estate | Nonaccrual loans | Loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets		5
Aggregate unpaid principal balance of assets for which fair value option was elected		6
Fair value option aggregate difference assets		$ (1)
Other consumer loans held for sale | Loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	239
Aggregate unpaid principal balance of assets for which fair value option was elected	253
Fair value option aggregate difference assets	(14)
Other consumer loans held for sale | Accruing loans less than 90 days past due | Loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets	239
Aggregate unpaid principal balance of assets for which fair value option was elected	252
Fair value option aggregate difference assets	(13)
Other consumer loans held for sale | Accruing loans 90 days or more past due | Loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value - assets
Aggregate unpaid principal balance of assets for which fair value option was elected	1
Fair value option aggregate difference assets	$ (1)

Fair Value (Fair Value Option_2

Fair Value (Fair Value Option - Changes in Fair Value) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Loans held for sale | Residential mortgage loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) - FVO: changes in fair value	$ 57	$ 52	$ 73	$ 98
Loans held for sale | Commercial mortgage loans held for sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) - FVO: changes in fair value	26	12	46	60
Loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) - FVO: changes in fair value	17	8	31	26
Other assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (losses) - FVO: changes in fair value	$ 8	$ 9	$ 22	$ (27)

Fair Value (Additional Fair Val

Fair Value (Additional Fair Value Information Related To Financial Instruments) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Financial Instruments, Financial Assets, Balance Sheet Groupings
Securities held to maturity	$ 1,598	$ 1,605
Carrying Amount
Financial Instruments, Financial Assets, Balance Sheet Groupings
Cash and due from banks	8,724	7,017
Interest-earning deposits with banks	72,447	85,173
Securities held to maturity	1,489	1,445
Net loans (excludes leases)	280,872	228,788
Other assets	4,342	3,601
Total assets	367,874	326,024
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Time deposits	19,885	19,692
Borrowed funds	34,003	36,488
Unfunded loan commitments and letters of credit	645	584
Other liabilities	428	413
Total liabilities	54,961	57,177
Fair Value
Financial Instruments, Financial Assets, Balance Sheet Groupings
Cash and due from banks	8,724	7,017
Interest-earning deposits with banks	72,447	85,173
Securities held to maturity	1,598	1,604
Net loans (excludes leases)	286,818	233,688
Other assets	4,103	3,600
Total assets	373,690	331,082
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Time deposits	19,771	19,662
Borrowed funds	34,740	37,192
Unfunded loan commitments and letters of credit	645	584
Other liabilities	428	413
Total liabilities	55,584	57,851
Fair Value | Level 1
Financial Instruments, Financial Assets, Balance Sheet Groupings
Cash and due from banks	8,724	7,017
Securities held to maturity	891	920
Total assets	9,615	7,937
Fair Value | Level 2
Financial Instruments, Financial Assets, Balance Sheet Groupings
Interest-earning deposits with banks	72,447	85,173
Securities held to maturity	484	489
Other assets	4,038	3,559
Total assets	76,969	89,221
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Time deposits	19,771	19,662
Borrowed funds	33,084	35,571
Other liabilities	428	413
Total liabilities	53,283	55,646
Fair Value | Level 3
Financial Instruments, Financial Assets, Balance Sheet Groupings
Securities held to maturity	223	195
Net loans (excludes leases)	286,818	233,688
Other assets	65	41
Total assets	287,106	233,924
Financial Instruments, Financial Liabilities, Balance Sheet Groupings
Borrowed funds	1,656	1,621
Unfunded loan commitments and letters of credit	645	584
Total liabilities	$ 2,301	$ 2,205

Financial Derivatives (Total De

Financial Derivatives (Total Derivatives) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Derivative, notional amount	$ 513,110	$ 466,707
Derivative asset, fair value	6,447	6,533
Derivative liability, fair value	3,719	2,756
Derivative asset, fair value offset amount	919	720
Derivative liability, fair value offset amount	919	720
Derivative asset, cash collateral	859	1,434
Derivative liability, cash collateral	2,078	1,452
Derivative asset, net fair value	4,669	4,379
Derivative liability, net fair value	722	584
Commodity contracts:
Derivative [Line Items]
Derivative asset, fair value	1,469	411
Derivative liability, fair value	1,485	384
Derivative asset, cash collateral	15	4
Derivative liability, cash collateral	997	103
Foreign exchange contracts and other
Derivative [Line Items]
Derivative asset, fair value	254	271
Derivative liability, fair value	457	590
Derivative asset, cash collateral	14	4
Derivative liability, cash collateral	132	170
Designated as Hedging Instruments under GAAP
Derivative [Line Items]
Derivative, notional amount	61,798	48,103
Derivative asset, fair value	20	14
Derivative liability, fair value	46	22
Designated as Hedging Instruments under GAAP | Fair value hedges | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	25,293	24,153
Designated as Hedging Instruments under GAAP | Cash flow hedges | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	35,405	22,875
Derivative asset, fair value	20	14
Derivative liability, fair value	13
Designated as Hedging Instruments under GAAP | Net investment hedges | Foreign exchange contracts:
Derivative [Line Items]
Derivative, notional amount	1,100	1,075
Derivative asset, fair value
Derivative liability, fair value	33	22
Not Designated as Hedging Instrument under GAAP
Derivative [Line Items]
Derivative, notional amount	451,312	418,604
Derivative asset, fair value	6,427	6,519
Derivative liability, fair value	3,673	2,734
Not Designated as Hedging Instrument under GAAP | Mortgage Banking | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	61,340	66,471
Derivative asset, fair value	151	158
Derivative liability, fair value	83	79
Not Designated as Hedging Instrument under GAAP | Mortgage Banking | Swaps | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	32,917	50,511
Derivative asset, fair value
Derivative liability, fair value	1
Not Designated as Hedging Instrument under GAAP | Mortgage Banking | Futures | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	3,930	2,841
Not Designated as Hedging Instrument under GAAP | Mortgage Banking | Mortgage-backed commitments | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	11,609	11,288
Derivative asset, fair value	104	147
Derivative liability, fair value	58	77
Not Designated as Hedging Instrument under GAAP | Mortgage Banking | Other | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	12,884	1,831
Derivative asset, fair value	47	11
Derivative liability, fair value	24	2
Not Designated as Hedging Instrument under GAAP | Customer Contracts
Derivative [Line Items]
Derivative, notional amount	376,333	341,202
Derivative asset, fair value	6,220	6,357
Derivative liability, fair value	3,360	2,330
Not Designated as Hedging Instrument under GAAP | Customer Contracts | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	336,995	305,663
Derivative asset, fair value	4,553	5,679
Derivative liability, fair value	1,681	1,703
Not Designated as Hedging Instrument under GAAP | Customer Contracts | Commodity contracts:
Derivative [Line Items]
Derivative, notional amount	11,970	8,919
Derivative asset, fair value	1,469	411
Derivative liability, fair value	1,485	384
Not Designated as Hedging Instrument under GAAP | Customer Contracts | Foreign exchange contracts and other
Derivative [Line Items]
Derivative, notional amount	27,368	26,620
Derivative asset, fair value	198	267
Derivative liability, fair value	194	243
Not Designated as Hedging Instrument under GAAP | Customer Contracts | Swaps | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	309,609	280,125
Derivative asset, fair value	4,395	5,475
Derivative liability, fair value	1,570	1,601
Not Designated as Hedging Instrument under GAAP | Customer Contracts | Swaps | Commodity contracts:
Derivative [Line Items]
Derivative, notional amount	8,535	6,149
Derivative asset, fair value	1,207	350
Derivative liability, fair value	1,223	323
Not Designated as Hedging Instrument under GAAP | Customer Contracts | Futures | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	981	1,235
Not Designated as Hedging Instrument under GAAP | Customer Contracts | Mortgage-backed commitments | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	4,236	4,178
Derivative asset, fair value	10	11
Derivative liability, fair value	8	14
Not Designated as Hedging Instrument under GAAP | Customer Contracts | Other | Interest Rate Contracts
Derivative [Line Items]
Derivative, notional amount	22,169	20,125
Derivative asset, fair value	148	193
Derivative liability, fair value	103	88
Not Designated as Hedging Instrument under GAAP | Customer Contracts | Other | Commodity contracts:
Derivative [Line Items]
Derivative, notional amount	3,435	2,770
Derivative asset, fair value	262	61
Derivative liability, fair value	262	61
Not Designated as Hedging Instrument under GAAP | Other Risk Management Activity | Foreign exchange contracts and other
Derivative [Line Items]
Derivative, notional amount	13,639	10,931
Derivative asset, fair value	56	4
Derivative liability, fair value	$ 230	$ 325

Financial Derivatives (Narrativ

Financial Derivatives (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative [Line Items]
Cash and securities held to collateralize net derivative assets	$ 1,500,000,000		$ 1,500,000,000
Cash and securities pledged to collateralize net derivative liabilities	2,700,000,000		2,700,000,000
Derivative, net liability position, aggregate fair value	2,600,000,000		2,600,000,000
Collateral already posted, aggregate fair value	2,200,000,000		2,200,000,000
Maximum amount of collateral PNC would have been required to post if the credit-risk-related contingent features underlying these agreements had been triggered	400,000,000		400,000,000
Cash flow hedges | Interest Rate Contracts
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within twelve months			330,000,000
Cash flow hedge gain (loss) to be reclassified within twelve months, net of tax			$ 254,000,000
Maximum length of time hedged in cash flow hedge			10 years
Net investment hedges | Foreign exchange contracts:
Derivative [Line Items]
Derivative instruments, gain (loss) reclassified from accumulated oci into income, effective portion, net	(4,000,000)	$ 5,000,000	$ (12,000,000)	$ 80,000,000
Gain loss from components excluded from assessment of net investment hedge effectiveness net	$ 0	$ 0	$ 0	$ 0

Financial Derivatives (Gains (L

Financial Derivatives (Gains (Losses) Recognized on Fair Value and Cash Flow Hedges in the Consolidated Income Statement) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Loans	$ 2,160	$ 2,257	$ 4,156	$ 4,737
Investment Securities	469	527	890	1,109
Borrowed Funds	90	187	185	501
Noninterest income	2,086	1,549	3,958	3,374
Other
Derivative Instruments, Gain (Loss) [Line Items]
Noninterest income	468	271	951	614
Fair value hedges | Designated as Hedging Instrument | Investment Securities | Interest Income
Derivative Instruments, Gain (Loss) [Line Items]
Hedged items	3	3	(5)	237
Derivatives	(2)	(2)	7	(233)
Amounts related to interest settlements on derivatives	(1)	(2)	(2)	(4)
Fair value hedges | Designated as Hedging Instrument | Borrowed Funds | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Hedged items	(106)	(80)	540	(1,441)
Derivatives	93	47	(571)	1,386
Amounts related to interest settlements on derivatives	131	133	265	192
Cash flow hedges | Designated as Hedging Instrument | Loans | Interest Income
Derivative Instruments, Gain (Loss) [Line Items]
Amount of derivative gains (losses) reclassified from AOCI	91	102	191	144
Cash flow hedges | Designated as Hedging Instrument | Investment Securities | Interest Income
Derivative Instruments, Gain (Loss) [Line Items]
Amount of derivative gains (losses) reclassified from AOCI	16	1	38	3
Cash flow hedges | Designated as Hedging Instrument | Other | Noninterest Income
Derivative Instruments, Gain (Loss) [Line Items]
Amount of derivative gains (losses) reclassified from AOCI	$ 1		$ 14	$ 1

Financial Derivatives (Impact o

Financial Derivatives (Impact of Fair Value Hedge Accounting on the Carrying Value of Hedged Items) (Details) - Fair value hedges - Designated as Hedging Instruments under GAAP - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Investment Securities
Derivative Instruments, Gain (Loss) [Line Items]
Carrying Value of the Hedged Items	$ 2,901	$ 2,785
Cumulative Fair Value Hedge Adjustment included in the Carrying Value of Hedged Items	23	30
Borrowed Funds
Derivative Instruments, Gain (Loss) [Line Items]
Carrying Value of the Hedged Items	25,512	25,797
Cumulative Fair Value Hedge Adjustment included in the Carrying Value of Hedged Items	1,065	1,611
Borrowed Funds Discontinued Relationships
Derivative Instruments, Gain (Loss) [Line Items]
Cumulative fair value hedge adjustment included in carrying value of hedged items	$ (100)	$ (100)

Financial Derivatives (Gains _2

Financial Derivatives (Gains (Losses) on Derivatives Not Designated As Hedging Instruments under GAAP) (Details) - Not Designated as Hedging Instrument - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	$ 245	$ 90	$ 75	$ 964
Mortgage Banking | Interest Rate Contracts
Derivative [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	216	125	(106)	779
Customer Contracts
Derivative [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	58	67	162	80
Customer Contracts | Interest Rate Contracts
Derivative [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	15	38	97	40
Customer Contracts | Foreign exchange contracts and other
Derivative [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	43	29	65	40
Other Risk Management Activity | Foreign exchange contracts and other
Derivative [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	$ (29)	$ (102)	$ 19	$ 105

Financial Derivatives (Derivati

Financial Derivatives (Derivative Assets and Liabilities Offsetting) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Offsetting Derivative Assets [Abstract]
Derivative asset, gross fair value	$ 6,447	$ 6,533
Derivative Asset, Fair Value Offset Amount	919	720
Derivative asset, cash collateral	859	1,434
Derivative Asset, Net	4,669	4,379
Derivative Asset, Securities Collateral Held Under Master Netting Agreements	389	532
Derivative Asset, Fair Value, Amount Offset Against Collateral	4,280	3,847
Offsetting Derivative Liabilities [Abstract]
Derivative liability, gross fair value	3,719	2,756
Derivative liability, fair value offset amount	919	720
Derivative liability, cash collateral	2,078	1,452
Derivative liability, net	722	584
Derivative liability, fair value of collateral
Derivative liability, fair value, amount offset against collateral	722	584
Interest Rate Contracts | Over-the-counter cleared
Offsetting Derivative Assets [Abstract]
Derivative asset, gross fair value	27	48
Derivative Asset, Net	27	48
Derivative Asset, Fair Value, Amount Offset Against Collateral	27	48
Offsetting Derivative Liabilities [Abstract]
Derivative liability, gross fair value	21	42
Derivative liability, net	21	42
Derivative liability, fair value, amount offset against collateral	21	42
Interest Rate Contracts | Over-the-counter
Offsetting Derivative Assets [Abstract]
Derivative asset, gross fair value	4,697	5,803
Derivative Asset, Fair Value Offset Amount	556	430
Derivative asset, cash collateral	830	1,426
Derivative Asset, Net	3,311	3,947
Derivative Asset, Securities Collateral Held Under Master Netting Agreements	388	531
Derivative Asset, Fair Value, Amount Offset Against Collateral	2,923	3,416
Offsetting Derivative Liabilities [Abstract]
Derivative liability, gross fair value	1,756	1,740
Derivative liability, fair value offset amount	597	462
Derivative liability, cash collateral	949	1,179
Derivative liability, net	210	99
Derivative liability, fair value, amount offset against collateral	210	99
Commodity contracts:
Offsetting Derivative Assets [Abstract]
Derivative asset, gross fair value	1,469	411
Derivative Asset, Fair Value Offset Amount	250	209
Derivative asset, cash collateral	15	4
Derivative Asset, Net	1,204	198
Derivative Asset, Fair Value, Amount Offset Against Collateral	1,204	198
Offsetting Derivative Liabilities [Abstract]
Derivative liability, gross fair value	1,485	384
Derivative liability, fair value offset amount	253	182
Derivative liability, cash collateral	997	103
Derivative liability, net	235	99
Derivative liability, fair value, amount offset against collateral	235	99
Foreign exchange contracts and other
Offsetting Derivative Assets [Abstract]
Derivative asset, gross fair value	254	271
Derivative Asset, Fair Value Offset Amount	113	81
Derivative asset, cash collateral	14	4
Derivative Asset, Net	127	186
Derivative Asset, Securities Collateral Held Under Master Netting Agreements	1	1
Derivative Asset, Fair Value, Amount Offset Against Collateral	126	185
Offsetting Derivative Liabilities [Abstract]
Derivative liability, gross fair value	457	590
Derivative liability, fair value offset amount	69	76
Derivative liability, cash collateral	132	170
Derivative liability, net	256	344
Derivative liability, fair value, amount offset against collateral	$ 256	$ 344

Legal Proceedings (Narrative) (

Legal Proceedings (Narrative) (Details) $ in Millions	Jun. 30, 2021USD ($)
SEC Schedule, 12-09, Reserve, Legal | Maximum
Loss Contingencies [Line Items]
Range of possible loss not accrued	$ 100

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details)	6 Months Ended
	Jun. 30, 2021segmentoperating_unit	Jun. 30, 2020
Segment Reporting [Abstract]
Segment reporting, number of segments | segment	3
Number of distinct operating units | operating_unit	2
BlackRock, Inc. | Discontinued Operations, Disposed of by Sale
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		22.40%

Segment Reporting (Segment Repo

Segment Reporting (Segment Reporting Table) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Net interest income	$ 2,581	$ 2,527	$ 4,929	$ 5,038
Noninterest income	2,086	1,549	3,958	3,374
Total revenue	4,667	4,076	8,887	8,412
Provision for (recapture of) credit losses	302	2,463	(249)	3,377
Depreciation and amortization	256	251	490	491
Other noninterest expense	2,794	2,264	5,134	4,567
Income (loss) from continuing operations before income taxes and noncontrolling interests	1,315	(902)	3,512	(23)
Income taxes (benefit)	212	(158)	583	(38)
Net income (loss) from continuing operations	1,103	(744)	2,929	15
Less: Net income attributable to noncontrolling interests	12	7	22	14
Net income (loss) from continuing operations excluding noncontrolling interests	1,091	(751)	2,907	1
Average Assets	504,429	457,313	486,425	434,874
Retail Banking
Segment Reporting Information [Line Items]
Net interest income			2,859	2,846
Noninterest income	706	585	1,360	1,373
Total revenue			4,219	4,219
Provision for (recapture of) credit losses			(43)	1,206
Depreciation and amortization			136	124
Other noninterest expense			3,017	2,901
Income (loss) from continuing operations before income taxes and noncontrolling interests			1,109	(12)
Average Assets			96,942	99,583
Retail Banking | Operating Segments
Segment Reporting Information [Line Items]
Net interest income	1,497	1,390
Noninterest income	706	585
Total revenue	2,203	1,975
Provision for (recapture of) credit losses	214	761
Depreciation and amortization	73	67
Other noninterest expense	1,604	1,430
Income (loss) from continuing operations before income taxes and noncontrolling interests	312	(283)
Income taxes (benefit)	73	(63)	256	(1)
Net income (loss) from continuing operations	239	(220)	853	(11)
Less: Net income attributable to noncontrolling interests	7	3	14	11
Net income (loss) from continuing operations excluding noncontrolling interests	232	(223)	839	(22)
Average Assets	100,948	102,103
Corporate & Institutional Banking
Segment Reporting Information [Line Items]
Net interest income			2,074	2,002
Noninterest income	867	726	1,674	1,420
Total revenue			3,748	3,422
Provision for (recapture of) credit losses			(178)	2,043
Depreciation and amortization			98	99
Other noninterest expense			1,426	1,293
Income (loss) from continuing operations before income taxes and noncontrolling interests			2,402	(13)
Average Assets			176,182	185,878
Corporate & Institutional Banking | Operating Segments
Segment Reporting Information [Line Items]
Net interest income	1,083	1,052
Noninterest income	867	726
Total revenue	1,950	1,778
Provision for (recapture of) credit losses	104	1,585
Depreciation and amortization	51	51
Other noninterest expense	762	619
Income (loss) from continuing operations before income taxes and noncontrolling interests	1,033	(477)
Income taxes (benefit)	220	(122)	528	(28)
Net income (loss) from continuing operations	813	(355)	1,874	15
Less: Net income attributable to noncontrolling interests	4	3	7	3
Net income (loss) from continuing operations excluding noncontrolling interests	809	(358)	1,867	12
Average Assets	181,770	199,254
Asset Management Group
Segment Reporting Information [Line Items]
Net interest income			205	177
Noninterest income	244	204	473	408
Total revenue			678	585
Provision for (recapture of) credit losses			14	42
Depreciation and amortization			9	23
Other noninterest expense			412	413
Income (loss) from continuing operations before income taxes and noncontrolling interests			243	107
Average Assets			9,761	7,880
Asset Management Group | Operating Segments
Segment Reporting Information [Line Items]
Net interest income	112	89
Noninterest income	244	204
Total revenue	356	293
Provision for (recapture of) credit losses	23	39
Depreciation and amortization	5	12
Other noninterest expense	214	205
Income (loss) from continuing operations before income taxes and noncontrolling interests	114	37
Income taxes (benefit)	27	9	57	25
Net income (loss) from continuing operations	87	28	186	82
Less: Net income attributable to noncontrolling interests
Net income (loss) from continuing operations excluding noncontrolling interests	87	28	186	82
Average Assets	10,640	7,958
Other
Segment Reporting Information [Line Items]
Net interest income	(111)	(4)	(209)	13
Noninterest income	269	34	451	173
Total revenue	158	30	242	186
Provision for (recapture of) credit losses	(39)	78	(42)	86
Depreciation and amortization	127	121	247	245
Other noninterest expense	214	10	279	(40)
Income (loss) from continuing operations before income taxes and noncontrolling interests	(144)	(179)	(242)	(105)
Income taxes (benefit)	(108)	18	(258)	(34)
Net income (loss) from continuing operations	(36)	(197)	16	(71)
Less: Net income attributable to noncontrolling interests	1	1	1
Net income (loss) from continuing operations excluding noncontrolling interests	(37)	(198)	15	(71)
Average Assets	$ 211,071	$ 147,998	$ 203,540	$ 141,533

Fee-Based Revenue from Contra_3

Fee-Based Revenue from Contracts with Customers - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)segment	Jun. 30, 2020USD ($)
Business Acquisition [Line Items]
Segment reporting, number of segments | segment			3
Noninterest income	$ 2,086	$ 1,549	$ 3,958	$ 3,374
Asset Management Fees
Business Acquisition [Line Items]
Noninterest income	239		465
Brokerage fees
Business Acquisition [Line Items]
Noninterest income	2		2
BBVA USA Bancshares, Inc.
Business Acquisition [Line Items]
Brokerage account client assets	$ 5,400		5,400
BBVA USA Bancshares, Inc. | Brokerage fees
Business Acquisition [Line Items]
Noninterest income			$ 2

Fee-Based Revenue from Contra_4

Fee-Based Revenue from Contracts with Customers - Retail Banking Noninterest Income Disaggregation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Noninterest income	$ 2,086	$ 1,549	$ 3,958	$ 3,374
Brokerage fees
Disaggregation of Revenue [Line Items]
Noninterest income	2		2
Retail Banking
Disaggregation of Revenue [Line Items]
Noninterest income	706	585	1,360	1,373
Retail Banking | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	562	393	1,046	919
Retail Banking | Out-of-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	144	192	314	454
Retail Banking | Debit card fees | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	164	120	302	249
Retail Banking | Deposit account fees | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	117	73	225	231
Retail Banking | Brokerage fees | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	109	86	211	179
Retail Banking | Net credit card fees | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	57	39	104	80
Interchange fees	146	102	266	220
Credit card reward costs	89	63	162	140
Retail Banking | Merchant services | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	47	23	79	72
Retail Banking | Other | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	$ 68	$ 52	$ 125	$ 108

Fee-Based Revenue from Contra_5

Fee-Based Revenue from Contracts with Customers - Corporate & Institutional Banking Noninterest Income Disaggregation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Noninterest income	$ 2,086	$ 1,549	$ 3,958	$ 3,374
Corporate & Institutional Banking
Disaggregation of Revenue [Line Items]
Noninterest income	867	726	1,674	1,420
Corporate & Institutional Banking | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	564	446	1,051	883
Corporate & Institutional Banking | Out-of-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	303	280	623	537
Corporate & Institutional Banking | Treasury management fees | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	279	218	514	434
Corporate & Institutional Banking | Capital markets fees | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	232	187	424	362
Corporate & Institutional Banking | Commercial mortgage banking activities | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	35	24	66	50
Corporate & Institutional Banking | Other | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	$ 18	$ 17	$ 47	$ 37

Fee-Based Revenue from Contra_6

Fee-Based Revenue from Contracts with Customers - Asset Management Group Noninterest Income Disaggregation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Noninterest income	$ 2,086	$ 1,549	$ 3,958	$ 3,374
Asset Management Group
Disaggregation of Revenue [Line Items]
Noninterest income	244	204	473	408
Asset Management Group | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	241	199	467	400
Asset Management Group | Out-of-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	3	5	6	8
Asset Management Group | Personal | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	185	151	358	301
Asset Management Group | Institutional | In-Scope
Disaggregation of Revenue [Line Items]
Noninterest income	$ 56	$ 48	$ 109	$ 99

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - Senior Notes - 3.250% Senior Notes Due September 3, 2021	Aug. 04, 2021USD ($)
Subsequent Event [Line Items]
Redemption of debt	$ 500,000,000
Interest rate	3.25%
Debt instrument, redemption price per principal amount	$ 1,000