Truist Financial (TFC) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2020	Apr. 30, 2020
Entity Listings [Line Items]
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Entity File Number	1-10853
Entity Registrant Name	TRUIST FINANCIAL CORPORATION
Entity Incorporation, State or Country Code	NC
Entity Tax Identification Number	56-0939887
Entity Address, Address Line One	214 North Tryon Street
Entity Address, City or Town	Charlotte,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28202
City Area Code	(336)
Local Phone Number	733-2000
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		1,347,468,353
Entity Central Index Key	0000092230
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Transition Report	false
Document Quarterly Report	true
Common Stock, $5 par value
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, $5 par value
Trading Symbol	TFC
Security Exchange Name	NYSE
Series F Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares each representing 1/1,000th interest in a share of Series F Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TFC.PF
Security Exchange Name	NYSE
Series G Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares each representing 1/1,000th interest in a share of Series G Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TFC.PG
Security Exchange Name	NYSE
Series H Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares each representing 1/1,000th interest in a share of Series H Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TFC.PH
Security Exchange Name	NYSE
Series I
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares each representing 1/4,000th interest in a share of Series I Perpetual Preferred Stock
Trading Symbol	TFC.PI
Security Exchange Name	NYSE
Series J
Entity Listings [Line Items]
Title of 12(b) Security	5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities each representing 1/100th interest in a share of Series J Perpetual Preferred Stock
Trading Symbol	TFC.PJ
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and Due from Banks	$ 5,312	$ 4,084
Interest-bearing deposits with banks	31,036	14,981
Securities borrowed or purchased under resale agreements	1,796	1,417
Trading Assets	3,863	5,733
AFS securities at fair value	78,398	74,727
LHFS (including $3,655 and $5,673 at fair value, respectively)	4,810	8,373
Loans and leases	319,229	299,842
ALLL	(5,211)	(1,549)
Loans and leases, net of ALLL	314,018	298,293
Premises and equipment	3,999	3,712
Goodwill	23,927	24,154
CDI and other intangible assets	3,168	3,142
MSRs (including $2,150 and $2,618 at fair value, respectively)	2,150	2,630
Other assets (including $5,129 and $3,310 at fair value, respectively)	33,752	31,832
Total assets	506,229	473,078
Liabilities
Noninterest-bearing deposits	97,618	92,405
Interest-bearing deposits	252,561	242,322
Short-term borrowings	12,696	18,218
Long-term debt	65,662	41,339
Other liabilities (including $1,849 and $1,440 at fair value, respectively)	11,631	12,236
Total liabilities	440,168	406,520
Shareholders' Equity
Preferred stock, $5 par value, liquidation preference of $25,000 per share	4,599	5,102
Common stock, $5 par value	6,737	6,711
Additional paid-in capital	35,584	35,609
Retained earnings	18,076	19,806
AOCI, net of deferred income taxes	898	(844)
Noncontrolling interests	167	174
Total shareholders' equity	66,061	66,558
Total liabilities and shareholders' equity	$ 506,229	$ 473,078
Common shares outstanding	1,347,461	1,342,166
Common shares authorized	2,000,000	2,000,000
Preferred shares outstanding	140	145
Preferred shares authorized	5,000	5,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
LHFS at fair value	$ 3,655	$ 5,673
MSRs at fair value	2,150	2,618
Other Assets, Fair Value Disclosure	5,129	3,310
Other Liabilities, Fair Value Disclosure	$ 1,849	$ 1,440
Preferred stock, par value (in dollars per share)	$ 5	$ 5
Preferred stock, liquidation preference (in dollars per share)	25,000	25,000
Common stock, par value (in dollars per share)	$ 5	$ 5

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest Income
Interest and fees on loans and leases	$ 3,776	$ 1,839
Interest on securities	494	302
Interest on other earning assets	156	32
Total interest income	4,426	2,173
Interest Expense
Interest on deposits	421	253
Interest on long-term debt	272	192
Interest on other borrowings	83	32
Total interest expense	776	477
Net Interest Income	3,650	1,696
Provision for credit losses	893	155
Net Interest Income After Provision for Credit Losses	2,757	1,541
Noninterest Income
Noninterest income	1,961	1,202
Noninterest Expense
Personnel expense	1,972	1,087
Net occupancy expense	221	122
Professional fees and outside processing	247	86
Software expense	210	72
Equipment expense	116	65
Marketing and customer development	84	27
Operating lease depreciation	71	29
Loan-related expense	62	25
Amortization of intangibles	165	32
Regulatory costs	29	18
Merger-related and restructuring charges	107	80
Other expense	147	125
Total noninterest expense	3,431	1,768
Earnings
Income before income taxes	1,287	975
Provision for income taxes	224	177
Net income	1,063	798
Noncontrolling interests	3	6
Dividends on preferred stock	74	43
Net income available to common shareholders	$ 986	$ 749
Basic EPS	$ 0.73	$ 0.98
Diluted EPS	$ 0.73	$ 0.97
Basic weighted average shares outstanding (in shares)	1,344,372	764,135
Diluted weighted average shares outstanding (in shares)	1,357,545	774,071
Insurance income
Noninterest Income
Noninterest income	$ 549	$ 510
Service charges on deposits
Noninterest Income
Noninterest income	305	171
Wealth management income
Noninterest Income
Noninterest income	332	162
Card and payment related fees
Noninterest Income
Noninterest income	187	128
Residential mortgage income
Noninterest Income
Noninterest income	245	49
Investment banking and trading income
Noninterest Income
Noninterest income	118	27
Operating lease income
Noninterest Income
Noninterest income	77	35
Income from bank-owned life insurance
Noninterest Income
Noninterest income	44	28
Lending related fees
Noninterest Income
Noninterest income	67	25
Commercial real estate related income
Noninterest Income
Noninterest income	44	14
Securities gains (losses)
Noninterest Income
Noninterest income	(2)	0
Other income (loss)
Noninterest Income
Noninterest income	$ (5)	$ 53

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 1,063	$ 798
OCI, net of tax:
Change in unrecognized net pension and postretirement costs	15	17
Change in unrealized net gains (losses) on cash flow hedges	11	(34)
Change in unrealized net gains (losses) on AFS securities	1,721	309
Other, net	(5)	2
Total OCI, net of tax	1,742	294
Total comprehensive income	2,805	1,092
Income Tax Effect of Items Included in OCI:
Change in unrecognized net pension and postretirement costs	5	6
Change in unrealized net gains (losses) on cash flow hedges	3	(11)
Change in unrealized net gains (losses) on AFS securities	527	95
Other, net	$ 0	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Millions	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Retained Earnings	AOCI	Noncontrolling Interests
Beginning balance at Dec. 31, 2018	$ 30,178	$ 3,817	$ 3,053	$ 6,849	$ 18,118	$ (1,715)	$ 56
Beginning balance (in shares) at Dec. 31, 2018		763,326
Add (Deduct):
Net income	798				792		6
OCI	294					294
Stock transactions:
Issued in connection with equity awards, net	(28)	$ 13		(41)
Issued in connection with equity awards, net (in shares)		2,594
Cash dividends declared on common stock	(309)				(309)
Cash dividends declared on preferred stock	(43)				(43)
Equity-based compensation expense	32			32
Other, net	(39)			3	(40)		(2)
Ending balance at Mar. 31, 2019	30,883	$ 3,830	3,053	6,843	18,518	(1,421)	60
Ending balance (in shares) at Mar. 31, 2019		765,920
Beginning balance at Dec. 31, 2019	$ 66,558	$ 6,711	5,102	35,609	19,806	(844)	174
Beginning balance (in shares) at Dec. 31, 2019	1,342,166	1,342,166
Add (Deduct):
Net income	$ 1,063				1,060		3
OCI	1,742					1,742
Stock transactions:
Issued in connection with equity awards, net	(80)	$ 26		(104)	(2)
Issued in connection with equity awards, net (in shares)		5,295
Redemption of preferred stock	(503)		(503)
Cash dividends declared on common stock	(605)				(605)
Cash dividends declared on preferred stock	(74)				(74)
Equity-based compensation expense	79			79
Cumulative effect adjustment for new accounting standards	(2,109)				(2,109)
Other, net	(10)						(10)
Ending balance at Mar. 31, 2020	$ 66,061	$ 6,737	$ 4,599	$ 35,584	$ 18,076	$ 898	$ 167
Ending balance (in shares) at Mar. 31, 2020	1,347,461	1,347,461

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Flows From Operating Activities:
Net income	$ 1,063	$ 798
Adjustments to reconcile net income to net cash from operating activities:
Provision for credit losses	893	155
Depreciation	234	105
Amortization of intangibles	165	32
Equity-based compensation expense	79	32
(Gain) loss on securities, net	2	0
Net change in operating assets and liabilities:
LHFS	2,898	77
MSRs	480	73
Pension asset	(336)	(561)
Trading assets	1,870	(1,133)
Other assets and other liabilities	(3,318)	(445)
Other, net	598	122
Net cash from operating activities	4,628	(745)
Cash Flows From Investing Activities:
Proceeds from sales of AFS securities	1,506	1,797
Proceeds from maturities, calls and paydowns of AFS securities	2,513	861
Purchases of AFS securities	(4,029)	(3,525)
Proceeds from maturities, calls and paydowns of HTM securities	0	450
Originations and purchases of loans and leases, net of sales and principal collected	(18,024)	(193)
Net cash received (paid) for FHLB stock	(651)	76
Net cash received (paid) for securities borrowed or purchased under resale agreements	(379)	(109)
Net cash paid for premises and equipment	(464)	(34)
Net cash received (paid) for mergers, acquisitions and divestitures	(62)	0
Other, net	75	91
Net cash from investing activities	(19,515)	(586)
Cash Flows From Financing Activities:
Net change in deposits	15,474	(1,432)
Net change in short-term borrowings	(5,522)	1,127
Proceeds from issuance of long-term debt	24,288	2,015
Repayment of long-term debt	(782)	(1,103)
Redemption of preferred stock	(503)	0
Cash dividends paid on common stock	(605)	(309)
Cash dividends paid on preferred stock	(74)	(43)
Other, net	(106)	(48)
Net cash from financing activities	32,170	207
Net Change in Cash and Cash Equivalents	17,283	(1,124)
Cash and Cash Equivalents, January 1	19,065	3,844
Cash and Cash Equivalents, March 31	36,348	2,720
Supplemental Disclosure of Cash Flow Information:
Net cash paid (received) during the period for interest expense	758	419
Net cash paid (received) during the period for income taxes	$ 11	$ 62

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation General See the Glossary of Defined Terms at the beginning of this Report for terms used herein. These consolidated financial statements and notes are presented in accordance with the instructions for Form 10-Q and, therefore, do not include all information and notes necessary for a complete presentation of financial position, results of operations and cash flow activity required in accordance with GAAP. In the opinion of management, all normal recurring adjustments necessary for a fair statement of the consolidated financial position and consolidated results of operations have been made. The year-end consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. The information contained in the financial statements and notes included in the Annual Report on Form 10-K for the year ended December 31, 2019 should be referred to in connection with these unaudited interim consolidated financial statements. The Company updated its accounting policies in connection with the recently adopted accounting standards. There were no other significant changes to the Company’s accounting policies from those disclosed in the Annual Report on Form 10-K for the year ended December 31, 2019 that could have a material effect on the Company’s financial statements. Reclassifications Certain amounts reported in prior periods' consolidated financial statements have been reclassified to conform to the current presentation. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change include the determination of the ACL; determination of fair value for financial instruments; valuation of MSRs; goodwill, intangible assets and other purchase accounting related adjustments; benefit plan obligations and expenses; and tax assets, liabilities and expense. Investment Securities The Company invests in various debt securities primarily as a store of liquidity and as part of the overall ALM process to optimize income and market performance over an entire interest rate cycle. Investments in debt securities that are not held for trading purposes are classified as HTM or AFS. Truist does not currently have securities classified as HTM. Interest income on securities is recognized in income on an accrual basis. Premiums and discounts are amortized into interest income using the effective interest method over the contractual life of the security. As prepayments are received, a proportionate amount of the related premium or discount is recognized in income so that the effective interest rate on the remaining portion of the security continues unchanged. Debt securities that may be sold to meet liquidity needs arising from unanticipated deposit and loan fluctuations, changes in regulatory capital requirements or unforeseen changes in market conditions are classified as AFS. AFS securities are reported at estimated fair value, with unrealized gains and losses reported in AOCI, net of deferred income taxes, in the Shareholders' equity section of the Consolidated Balance Sheets. Gains or losses realized from the sale of AFS securities are determined by specific identification and are included in noninterest income. An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis. AFS debt securities in an unrealized loss position are evaluated at the balance sheet date to determine whether such losses are credit-related. Credit losses are measured on an individual basis and recognized in an ACL. Changes in expected credit losses are recognized in the Provision for credit losses in the Consolidated Statements of Income. At March 31, 2020, no ACL was established for AFS securities. Cash flow modeling is used to evaluate non-agency MBS in an unrealized loss position for potential credit impairment. These models give consideration to macroeconomic factors applied to current security default rates, prepayment rates, recovery rates and security-level performance. Municipal securities are evaluated for impairment using a municipal bond credit scoring tool that leverages historical municipal market data to estimate probability of default and loss given default at the issuer level. U.S. Treasury securities, government guaranteed securities, and other securities issued by GSEs are either explicitly or implicitly guaranteed by the US government, are highly rated by rating agencies and have a long history of no credit losses. No expected credit losses have been recorded for these securities. Loans and Leases The Company's accounting methods for loans differ depending on whether the loans are originated or purchased, and if purchased, whether or not the loans reflect credit deterioration since the date of origination such that at the date of acquisition there is more than an insignificant deterioration in credit. Originated Loans and Leases Loans and leases that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balances net of any unearned income, charge-offs, and unamortized fees and costs. The net amount of nonrefundable loan origination fees and certain direct costs associated with the lending process are deferred and amortized to interest income over the contractual lives of the loans using the effective interest method. Purchased Loans Purchased loans are recorded at their fair value at the acquisition date. The estimated fair values incorporate adjustments related to expected credit losses, prevailing market interest rates for comparable assets and liquidity-related adjustments. Fair values for purchased loans are based on a discounted cash flow methodology that considers credit loss expectations, market interest rates and other market factors such as liquidity from the perspective of a market participant. Loans are grouped together according to similar characteristics and treated in the aggregate when applying various valuation techniques. The probability of default, loss given default and prepayment assumptions are the key factors driving credit losses which are embedded into the estimated cash flows. These assumptions are informed by internal data on loan characteristics, historical loss experience, and current and forecasted economic conditions. The interest and liquidity component of the estimate was determined by discounting interest and principal cash flows through the expected life of the underlying loans. The discount rates used for loans are based on current market rates for new originations of comparable loans and include adjustments for liquidity. The discount rates do not include a factor for credit losses as that has been included as a reduction to the estimated cash flows. Beginning January 1, 2020, purchased loans are evaluated upon acquisition and classified as either PCD, which indicates that the loan reflects more-than-insignificant deterioration in credit quality since origination, or non-PCD. Truist considers a variety of factors in connection with the identification of more-than-insignificant deterioration in credit quality, including but not limited to risk grades, delinquency, nonperforming status, previous troubled debt restructurings or bankruptcies and other qualitative factors that indicate deterioration in credit quality since origination. For PCD loans, an initial ALLL is determined using the same methodology as other loans held for investment and recognized as an adjustment to the acquisition price of the asset; thus, the sum of the loans’ purchase price and initial ALLL estimate represents the initial amortized cost basis. The difference between the initial amortized cost basis and the par value is the non-credit discount or premium. For non-PCD loans, the difference between the fair value and the par value is considered the fair value mark. The ALLL for non-PCD loans is recorded with a corresponding charge to the provision for credit losses in the Consolidated Statements of Income. Subsequent changes in the ALLL related to PCD and non-PCD loans are recognized in the provision for credit losses. The non-credit discount or premium related to PCD loans, and the fair value mark on non-PCD loans, is amortized or accreted to interest income over the contractual life of the loans using the effective interest method for amortizing loans, and using a straight-line approach for interest-only loans and loans with revolving privileges. In the event of prepayment, unamortized discounts or premiums are recognized in interest income. TDRs Modifications to a borrower's debt agreement are considered TDRs if a concession is granted for economic or legal reasons related to a borrower's financial difficulties that otherwise would not be considered. TDRs are undertaken in order to improve the likelihood of recovery on the loan and may take the form of modifications made with the stated interest rate lower than the current market rate for new debt with similar risk, other modifications to the structure of the loan that fall outside of normal underwriting policies and procedures, or in certain limited circumstances, forgiveness of principal or interest. A restructuring that results in only a delay in payments that is insignificant is not considered an economic concession. In accordance with the CARES Act, Truist implemented loan modification programs in response to the COVID-19 pandemic in order to provide borrowers with flexibility with respect to repayment terms. These loan modifications are not considered TDRs to the extent that the borrower was impacted by the COVID-19 pandemic and was less than 30 days past due at December 31, 2019, or in certain circumstances, at the time that the COVID-19 loan modification program was implemented, unless the loan was previously classified as a TDR. TDRs can remain nonperforming, move to nonperforming, or continue on performing status, depending on the individual facts and circumstances of the borrower and an evaluation as to whether the borrower will be able to repay the loan based on the modified terms. The evaluation of the borrower's ability to repay the loan is based on a current, well-documented credit analysis. In circumstances where the TDR involves charging off a portion of the loan balance, Truist classifies these TDRs as nonperforming. The decision to maintain a commercial TDR on performing status is based on a current, well documented credit evaluation of the borrower's financial condition and prospects for repayment under the modified terms. This evaluation includes consideration of the borrower's current capacity to pay, which among other things may include a review of the borrower's current financial statements, an analysis of cash flow available to pay debt obligations, and an evaluation of secondary sources of payment from the borrower and any guarantors. This evaluation also includes an evaluation of the borrower's current willingness to pay, which may include a review of past payment history, an evaluation of the borrower's willingness to provide information on a timely basis, and consideration of offers from the borrower to provide additional collateral or guarantor support. The credit evaluation may also include review of cash flow projections, consideration of the adequacy of collateral to cover all principal and interest and trends indicating improving profitability and collectability of receivables. The evaluation of mortgage and retail loans includes an evaluation of the client's debt-to-income ratio, credit report, property value, loan vintage, and certain other client-specific factors that impact their ability to make timely principal and interest payments on the loan. TDR classification may be removed due to the passage of time if the loan: (1) did not include a forgiveness of principal or interest, (2) has performed in accordance with the modified terms (generally a minimum of six months), (3) was reported as a TDR over a year-end reporting period, and (4) reflected an interest rate on the modified loan that was no less than a market rate at the date of modification. TDR classification may also be removed for an accruing loan upon the occurrence of a subsequent non-concessionary modification granted at market terms and within current underwriting guidelines. NPAs NPAs include NPLs and foreclosed property. Foreclosed property consists of real estate and other assets acquired as a result of clients' loan defaults. Truist's policies for placing loans on nonperforming status conform to guidelines prescribed by bank regulatory authorities. Truist classifies loans and leases as past due when the payment of principal and interest based upon contractual terms is greater than 30 days delinquent or if one payment is past due. Payment deferrals as a result of the COVID-19 pandemic do not result in a loan becoming past due. The following table summarizes the delinquency thresholds that are used in evaluating nonperforming classification and the timing of charge-offs: (number of days) Placed on Nonperforming (1) Charged-off Commercial: Commercial and industrial 90 (2) 90 (2) CRE 90 (2) 90 (2) Commercial construction 90 (2) 90 (2) Lease financing 90 (2) 90 (2) Consumer: Residential mortgage (3) 90 to 180 90 to 210 Residential home equity and direct (3) 90 to 120 90 to 180 Indirect auto (3) 90 120 Indirect other (3) 90 to 120 120 to 180 Student (4) NA 120 to 180 Credit card NA 90 to 180 (1) Loans may be returned to performing status when they become current as to both principal and interest and concern no longer exists as to the collectability of principal and interest, generally indicated by 180 days of sustained payment performance. (2) Or when it is probable that principal or interest is not fully collectible, whichever occurs first. (3) Depends on product type, loss mitigation status, status of the government guaranty, if applicable, and certain other product-specific factors. (4) Government guaranteed student loans are not placed on nonperforming status and are generally not charged-off regardless of delinquency status because collection of principal and interest is reasonably assured. When commercial loans are placed on nonperforming status, a charge-off is recorded, as applicable, to decrease the carrying value of such loans to the estimated recoverable amount. Consumer and credit card loans are subject to charge-off at a specified delinquency date consistent with regulatory guidelines. Certain past due loans may remain on performing status if management determines that it does not have concern over the collectability of principal and interest. Generally, when loans are placed on nonperforming status, accrued interest receivable is reversed against interest income in the current period and amortization of deferred loan fees and expenses for originated loans, and fair value marks for purchased loans, is suspended. For commercial loans and certain consumer loans, payments received for interest and lending fees thereafter are applied as a reduction to the remaining principal balance as long as concern exists as to the ultimate collection of the principal. Interest income on nonperforming loans is recognized after the principal has been reduced to zero. If and when borrowers demonstrate the ability to repay a loan classified as nonperforming in accordance with its contractual terms, the loan may be returned to performing status upon meeting all regulatory, accounting and internal policy requirements. Accrued interest is included in Other assets in the Consolidated Balance Sheets. Accrued interest receivable balances are not considered in connection with the ACL estimation process, as such amounts are generally reversed against interest income when the loan is placed in nonperforming status. Assets acquired as a result of foreclosure are subsequently carried at the lower of cost or net realizable value. Net realizable value equals fair value less estimated selling costs. Any excess of cost over net realizable value at the time of foreclosure is charged to the ALLL. NPAs are subject to periodic revaluations of the collateral underlying impaired loans and foreclosed real estate. The periodic revaluations are generally based on the appraised value of the property and may include additional liquidity adjustments based upon the expected retention period. Truist's policies require that valuations be updated at least annually and that upon foreclosure, the valuation must not be more than six months old, otherwise an update is required. Any subsequent changes in value as well as gains or losses from the disposition on these assets are recognized in Other noninterest expense in the Consolidated Statements of Income. For additional information on the Company’s loan and lease activities, see "Note 5. Loans and ACL.” ACL The ACL includes the ALLL and RUFC. The ACL represents management's best estimate of expected future credit losses related to loan and lease portfolios and off-balance sheet lending commitments at the balance sheet date. The ALLL is a valuation account that is deducted from or added to the loans’ amortized cost basis to present the net amount expected to be collected on loans. The entire amount of the ACL is available to absorb losses on any loan category or lending-related commitment. Loan or lease balances deemed to be uncollectible are charged off against the ALLL. Expected recoveries of amounts previously charged off are incorporated into the ALLL estimate, with such amounts capped at the aggregate of amounts previously charged off. Changes to the ACL are made by charges to the Provision for credit losses, which is reflected in the Consolidated Statements of Income. The RUFC is recorded in Other liabilities on the Consolidated Balance Sheets. Portfolio segments represent the level at which Truist develops and documents a systematic methodology to determine its ACL. Truist’s loan and lease portfolio consists of three portfolio segments; commercial, consumer and credit card. The expected credit loss models are generally developed one level below the portfolio segment level. In certain instances, loans are further disaggregated by similar risk characteristics, such as business sector, client type, funding type, type of collateral, whether loan payments are interest-only and whether interest rates are fixed or variable. Loans and leases that do not share similar risk characteristics and significant loans that are considered collateral-dependent are individually evaluated. For these loans, the ALLL is determined through review of data specific to the borrower and related collateral, if any. The commercial portfolio segment models use a risk rating approach to estimate the ALLL. The consumer and credit card models use a delinquency-based approach to estimate the ALLL. In addition to these quantitatively calculated components, the ALLL includes qualitatively calculated components. Truist maintains a collectively calculated ALLL for loans with similar risk characteristics. The collectively calculated ALLL is estimated using relevant available information from internal and external sources relating to past events, current conditions, and reasonable and supportable forecasts. Truist maintains quantitative models to forecast expected credit losses. The credit loss forecasting models use portfolio balances, macroeconomic scenarios, portfolio composition and loan attributes as the primary inputs. Historical loss experience provides the basis for the estimation of the ACL and includes periods covering complete economic cycles. The historical loss data is adjusted for loan and lease specific risk characteristics such as differences in environmental conditions. Expected losses are estimated through contractual maturity unless the borrower has a right to renew that is not cancellable or it is reasonably expected that the loan will be modified as a TDR. The Scenario Committee provides guidance, selection, and approval for enterprise-sanctioned macroeconomic scenarios, including the macroeconomic forecasts for use in the ACL process. Forecasted economic conditions are developed using third party macroeconomic scenarios adjusted based on management’s expectations over a reasonable and supportable forecast period of two years. Assumptions revert to long term historic averages gradually over a one year period. Macroeconomic factors used in estimating the expected losses vary by loan portfolio and include employment factors, estimated collateral values and market indicators as described by portfolio segment below. A qualitative allowance which incorporates management’s judgement is also included in the estimation of expected future loan and lease losses. This allowance is used to capture risks in the portfolio such as considerations with respect to the impact of current economic events, the outcomes of which are uncertain. These events may include, but are not limited to, political conditions, legislation that may directly or indirectly affect the banking industry and economic conditions affecting specific geographical areas and industries in which Truist conducts business. Expected credit losses for loans that do not share risk characteristics with other financial assets, or significant loans that are considered collateral-dependent, are calculated on an individual basis. Such estimates may be based on an evaluation of the fair value of the underlying collateral or in certain circumstances the present value of expected cash flows discounted at the loan's effective interest as described further below by portfolio segment. The methodology for determining the RUFC is inherently similar to that used to determine the funded component of the ALLL and is measured over the period there is a contractual obligation to extend credit that is not unconditionally cancellable. The RUFC is adjusted for factors specific to binding commitments, including the probability of funding and exposure at default. The ACL is monitored by the ACL Committee. The ACL Committee recommends adjustments where necessary based on portfolio performance and other items that may impact credit risk and approves the ACL estimate. The following provides a description of accounting policies, methodologies and credit quality indicators related to each of the portfolio segments: Commercial The majority of loans in the commercial lending portfolio are assigned risk ratings based on an assessment of conditions that affect the borrower's ability to meet contractual obligations under the loan agreement. This process includes reviewing borrowers' financial information, historical payment experience, credit documentation, public information, and other information specific to each borrower. Risk ratings are reviewed on an annual basis, or more frequently for many relationships based on the policy requirements regarding various risk characteristics. While this review is largely focused on the borrower's ability to repay the loan, Truist also considers the capacity and willingness of a loan's guarantors to support the loan as a secondary source of repayment. When a guarantor exhibits the documented capacity and willingness to support the loan, Truist may consider extending the loan maturity and/or temporarily deferring principal payments if the ultimate collection of both principal and interest is not in question. In these cases, Truist may determine the loan is not impaired due to the documented capacity and willingness of the guarantor to repay the loan. Loans are considered impaired when the borrower (or guarantor in certain circumstances) does not have the cash flow capacity or willingness to service the debt according to contractual terms, or it does not appear reasonable to assume that the borrower will continue to pay according to the contractual agreement. The following table summarizes risk ratings that Truist uses to monitor credit quality in its commercial portfolio: Risk Rating Description Pass Loans not considered to be problem credits Special Mention Loans that have a potential weakness deserving management's close attention Substandard Loans for which a well-defined weakness has been identified that may put full collection of contractual cash flows at risk Nonperforming Loans for which full collection of principal and interest is not considered probable Loans are generally pooled one level below the portfolio segment for the collectively calculated ALLL based on factors such as business sector, project and property type, line of business, collateral, loan type, obligor exposure, and risk grade or score. Commercial loss forecasting models are expected loss frameworks that use macroeconomic scenarios and current portfolio attributes as inputs. The models forecast probability of default, exposure at default and loss given default. The primary macroeconomic drivers for the commercial portfolios include unemployment, U.S. real GDP, corporate credit spreads, rental rates and property values. Truist's policy is to review and individually evaluate the reserve for all nonperforming lending relationships and TDRs with an outstanding balance of $5 million or more, as such lending relationships do not typically share similar risk characteristics with others. Truist has elected the collateral dependent practical expedient; therefore, individually evaluated reserves are based on current economic forecasts, the present value of expected cash flows discounted at the loan's effective interest rate or the value of collateral, which is generally based on appraisals, recent sales of foreclosed properties and/or relevant property-specific market information. Loans are considered collateral dependent where it is probable that Truist will be unable to collect principal and interest according to the contractual terms of the agreement and repayment is expected to be provided substantially by the sale or continued operation of the underlying collateral. Commercial loans are typically secured by real estate, business equipment, inventories and other types of collateral. Consumer and Credit Card The majority of the ALLL related to the consumer and credit card lending portfolios is calculated on a collective basis. Loans are pooled one level below the portfolio segment for the collectively calculated ALLL based on factors such as collateral, loan type, line of business and sales channel. Consumer portfolio models are expected loss frameworks that use macroeconomic scenarios and current portfolio attributes as inputs. The models forecast probability of default, exposure at default and loss given default. The primary macroeconomic drivers for the consumer portfolios include unemployment trends, home price indices and used car prices. Residential mortgages and revolving home equity lines of credit are generally collateralized by one-to-four-family residential real estate, typically have loan-to-collateral value ratios of 80% or less at origination, and are made to borrowers in good credit standing. The indirect auto and indirect other portfolios include secured indirect installment loans to consumers for the purchase of new and used automobiles, boats and recreational vehicles. The student loan portfolio is composed of securitized government-guaranteed student loans and certain private student loans originated by third parties. The government guarantee mitigates substantially all of the risk related to principal and interest repayment for this component of the portfolio. Private student loans are purchased from third-party originators with credit enhancements that partially mitigate the Company’s credit exposure. The credit card portfolio and other arrangements within the indirect other portfolio are generally unsecured and actively managed. Truist uses performing status to monitor credit quality in its consumer and credit card portfolios. Delinquency status is the primary factor considered in determining whether a loan should be classified as nonperforming. The ALLL for loans classified as a TDR is based on a discounted expected cash flow analyses and a combination of historical experience for TDRs and management judgment. Expected recoveries for consumer and credit card loans are included in the estimation of the ALLL based on historical experience, when a loan returns to accruing status, or when the fair market value of the collateral has increased. Changes in Accounting Principles and Effects of New Accounting Pronouncements Standard Description Effects on the Financial Statements Standards Adopted January 1, 2020 Credit Losses Replaces the incurred loss impairment methodology with an expected credit loss methodology and requires consideration of a broader range of information to determine credit loss estimates. Financial assets measured at amortized cost are presented at the net amount expected to be collected by using an allowance for credit losses. Purchased credit deteriorated loans receive an allowance for expected credit losses. Any credit impairment on AFS debt securities for which the fair value is less than cost is recorded through an allowance for expected credit losses. The standard also requires expanded disclosures related to credit losses and asset quality. Truist adopted this standard using the modified retrospective approach. Simplifying the Test for Goodwill Impairment Simplifies the subsequent measurement of goodwill, by eliminating the second step from the goodwill impairment test. The amendments require an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. The standard requires an entity to recognize an impairment charge for the amount by which a reporting unit's carrying amount exceeds its fair value, with the loss limited to the total amount of goodwill allocated to that reporting unit. The standard must be applied on a prospective basis. The standard does not currently have an impact on the Company’s consolidated financial statements; however, if subsequent to adoption, the carrying amount of a reporting unit exceeds its respective fair value, the Company would be required to recognize an impairment charge for the amount that the carrying value exceeds the fair value up to the amount of the goodwill assigned to the reporting unit.

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Business Combination Disclosure	Business Combinations Effective December 6, 2019, the Company completed its previously announced Merger with SunTrust. The Merger was accounted for as a business combination. Accordingly, the assets acquired and liabilities assumed were recorded at their fair values as of the Merger 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 acquired assets and liabilities are subject to adjustment until all necessary information related to the valuation process has been received. Adjustments must be finalized within one year of the closing date of the Merger. The Company’s purchase price allocation is considered preliminary as certain estimates related to the acquired operating lease portfolio, certain leveraged leases, structured real estate investments and certain other assets are subject to continuing refinement. Immaterial amounts of the intangible assets recognized are deductible for income tax purposes. For additional information, see “Note 2. Business Combinations” of the Annual Report on Form 10-K for the year ended December 31, 2019. The following table sets forth a preliminary allocation of Merger consideration to the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed of SunTrust as of December 6, 2019: (Dollars in millions) UPB Fair Value Fair value of Merger consideration $ 33,547 Assets Cash and due from banks 1,621 Interest-bearing deposits with banks 4,668 Securities borrowed or purchased under resale agreements 1,191 Trading assets 5,710 AFS securities 30,986 LHFS 3,741 Loans and leases: Commercial and industrial $ 68,687 67,101 CRE 9,509 9,357 Commercial Construction 2,136 2,096 Commercial Leases 3,967 3,882 Mortgage Loans 28,191 27,180 Home Equity and Direct Lending 15,917 15,628 Indirect Auto 12,373 12,203 Indirect Other 4,678 4,445 Student Lending 6,867 6,657 Credit Card 2,518 2,500 PCI 3,652 3,126 Total loans and leases $ 158,495 154,175 Premises and equipment 1,575 CDI and other intangible assets 2,700 MSRs 1,605 Other assets 13,771 Total assets 221,743 Liabilities and Equity Deposits (170,633) Short-term borrowings (6,837) Long-term debt (19,457) Other liabilities (5,224) Total liabilities (202,151) Noncontrolling interest (108) Less: Net assets 19,484 Goodwill $ 14,063 For a description of the methods used to determine the fair values of significant assets and liabilities, see “Note 2. Business Combinations” of the Annual Report on Form 10-K for the year ended December 31, 2019. Branch Divestitures In connection with the Merger, on November 8, 2019, BB&T and SunTrust announced that, subject to closing and other customary closing conditions, First Horizon Bank, a wholly owned subsidiary of First Horizon National Corporation, entered into an agreement to acquire 30 branches located in North Carolina, Virginia and Georgia from SunTrust Bank, a wholly owned subsidiary of SunTrust, to satisfy regulatory requirements in connection with the Merger. There are approximately $400 million in loans and leases and $2.4 billion in deposits that will be divested as part of this transaction, which is expected to close in 2020.

Securities Financing Activities

Securities Financing Activities	3 Months Ended
	Mar. 31, 2020
Offsetting [Abstract]
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure	Securities Financing Activities Securities purchased under resale agreements are primarily collateralized by U.S. government or agency securities and are carried at the amounts at which the securities will be subsequently sold, plus accrued interest. Securities borrowed are primarily collateralized by corporate securities. The Company borrows securities and purchases securities under agreements to resell as part of its securities financing activities. On the acquisition date of these securities, the Company and the related counterparty agree on the amount of collateral required to secure the principal amount loaned under these arrangements. The following table presents securities borrowed or purchased under resale agreements: (Dollars in millions) March 31, 2020 December 31, 2019 Securities purchased under resale agreements $ 1,295 $ 986 Securities borrowed 501 431 Total securities borrowed or purchased under resale agreements $ 1,796 $ 1,417 For securities sold under agreements to repurchase, the Company would be obligated to provide additional collateral in the event of a significant decline in fair value of the collateral pledged. This risk is managed by monitoring the liquidity and credit quality of the collateral, as well as the maturity profile of the transactions. Refer to "Note 13. Commitments and Contingencies" for additional information related to pledged securities. Securities sold under agreements to repurchase are accounted for as secured borrowings. The following table presents the Company’s related activity, by collateral type and remaining contractual maturity: March 31, 2020 December 31, 2019 (Dollars in millions) Overnight and Continuous Up to 30 days Total Overnight and Continuous Up to 30 days 30-90 days Total U.S. Treasury $ 230 $ — $ 230 $ 115 $ 35 $ — $ 150 GSE 171 4 175 87 37 — 124 Agency MBS - residential 575 145 720 928 41 100 1,069 Corporate and other debt securities 192 212 404 310 316 — 626 Total securities sold under agreements to repurchase $ 1,168 $ 361 $ 1,529 $ 1,440 $ 429 $ 100 $ 1,969 There were no securities financing transactions subject to legally enforceable master netting arrangements that were eligible for balance sheet netting for the periods presented.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Securities	Investment Securities The following tables summarize the Company's AFS securities: March 31, 2020 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 2,272 $ 47 $ — $ 2,319 GSE 1,846 87 — 1,933 Agency MBS - residential 69,307 2,468 22 71,753 Agency MBS - commercial 1,489 31 1 1,519 States and political subdivisions 513 34 8 539 Non-agency MBS 185 127 14 298 Other 38 — 1 37 Total AFS securities $ 75,650 $ 2,794 $ 46 $ 78,398 December 31, 2019 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 2,275 $ 7 $ 6 $ 2,276 GSE 1,847 34 — 1,881 Agency MBS - residential 67,983 411 158 68,236 Agency MBS - commercial 1,335 13 7 1,341 States and political subdivisions 557 34 6 585 Non-agency MBS 190 178 — 368 Other 40 — — 40 Total AFS securities $ 74,227 $ 677 $ 177 $ 74,727 Certain securities issued by FNMA and FHLMC exceeded 10% of shareholders' equity at March 31, 2020. The FNMA investments had total amortized cost and fair value of $15.4 billion and $15.9 billion, respectively. The FHLMC investments had total amortized cost and fair value of $11.3 billion and $11.7 billion, respectively. The amortized cost and estimated fair value of the securities portfolio by contractual maturity are shown in the following table. The expected life of MBS may differ from contractual maturities because borrowers may have the right to prepay their obligations with or without penalties. Amortized Cost Fair Value March 31, 2020 Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years Total Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years Total AFS securities: U.S. Treasury $ 1,381 $ 876 $ 15 $ — $ 2,272 $ 1,399 $ 903 $ 17 $ — $ 2,319 GSE — 1,769 — 77 1,846 — 1,853 — 80 1,933 Agency MBS - residential — 1 556 68,750 69,307 — 1 570 71,182 71,753 Agency MBS - commercial — 2 9 1,478 1,489 — 2 10 1,507 1,519 States and political subdivisions 39 114 151 209 513 39 116 163 221 539 Non-agency MBS — — — 185 185 — — — 298 298 Other 2 6 1 29 38 2 6 1 28 37 Total AFS securities $ 1,422 $ 2,768 $ 732 $ 70,728 $ 75,650 $ 1,440 $ 2,881 $ 761 $ 73,316 $ 78,398 The following tables present the fair values and gross unrealized losses of investments based on the length of time that individual securities have been in a continuous unrealized loss position: Less than 12 months 12 months or more Total March 31, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: GSE $ 3 $ — $ — $ — $ 3 $ — Agency MBS - residential 1,147 13 262 9 1,409 22 Agency MBS - commercial 66 — 35 1 101 1 States and political subdivisions 96 1 121 7 217 8 Non-agency MBS 42 14 — — 42 14 Other 36 1 — — 36 1 Total $ 1,390 $ 29 $ 418 $ 17 $ 1,808 $ 46 Less than 12 months 12 months or more Total December 31, 2019 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: U.S. Treasury $ 702 $ 6 $ — $ — $ 702 $ 6 GSE 6 — — — 6 — Agency MBS - residential 20,328 145 1,326 13 21,654 158 Agency MBS - commercial 545 5 124 2 669 7 States and political subdivisions 65 1 144 5 209 6 Total $ 21,646 $ 157 $ 1,594 $ 20 $ 23,240 $ 177 At March 31, 2020, no ACL was established for AFS securities. Substantially all of the unrealized losses on the securities portfolio were the result of changes in market interest rates compared to the date the securities were acquired rather than the credit quality of the issuers or underlying loans. The majority of the unrealized loss on states and political subdivisions securities was the result of fair value hedge basis adjustments that are a component of amortized cost. The unrealized loss on non-agency MBS was due to a wider discount relative to previous periods on the Re-REMIC tranches to the underlying securities rather than credit. At March 31, 2020, the Company did not intend to sell these securities nor was it more-likely-than-not that the Company would be required to sell these securities before their anticipated recovery or maturity. The following table presents gross securities gains and losses recognized in earnings: Three Months Ended March 31, 2020 2019 Gross realized gains $ — $ 22 Gross realized losses (2) (22) Securities gains (losses), net $ (2) $ —

Loans and ACL

Loans and ACL	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Loans and ACL	Loans and ACL The following tables present loans and leases HFI by aging category. Government guaranteed loans are not placed on nonaccrual status regardless of delinquency because collection of principal and interest is reasonably assured. Accruing March 31, 2020 Current 30-89 Days Past Due 90 Days Or More Past Due Nonperforming Total Commercial: Commercial and industrial $ 148,451 $ 262 $ 5 $ 443 $ 149,161 CRE 27,505 8 1 18 27,532 Commercial construction 6,612 16 — 2 6,630 Lease financing 5,949 8 — 27 5,984 Consumer: Residential mortgage 51,559 679 610 248 53,096 Residential home equity and direct 27,293 156 10 170 27,629 Indirect auto 24,489 521 11 125 25,146 Indirect other 10,903 74 2 1 10,980 Student 6,110 593 1,068 — 7,771 Credit card 5,202 57 41 — 5,300 Total $ 314,073 $ 2,374 $ 1,748 $ 1,034 $ 319,229 Accruing December 31, 2019 Current 30-89 Days Past Due 90 Days Or More Past Due Nonperforming Total Commercial: Commercial and industrial $ 129,873 $ 94 $ 1 $ 212 $ 130,180 CRE 26,817 5 — 10 26,832 Commercial construction 6,204 1 — — 6,205 Lease financing 6,112 2 — 8 6,122 Consumer: Residential mortgage 50,975 498 543 55 52,071 Residential home equity and direct 26,846 122 9 67 27,044 Indirect auto 23,771 560 11 100 24,442 Indirect other 11,011 85 2 2 11,100 Student 5,905 650 188 — 6,743 Credit card 5,541 56 22 — 5,619 PCI 2,126 140 1,218 — 3,484 Total $ 295,181 $ 2,213 $ 1,994 $ 454 $ 299,842 The following table presents the amortized cost basis of loans by origination year and credit quality indicator: March 31, 2020 Amortized Cost Basis by Origination Year Revolving Credit Loans Converted to Term Other (1) 2020 2019 2018 2017 2016 Prior Total Commercial: Commercial and industrial: Pass $ 7,366 $ 25,371 $ 15,536 $ 9,849 $ 6,598 $ 14,904 $ 66,420 $ 11 $ (843) $ 145,212 Special mention 93 170 161 66 143 101 1,010 — — 1,744 Substandard 53 216 126 74 87 296 926 1 (17) 1,762 Nonperforming 3 52 94 34 48 85 97 1 29 443 Total 7,515 25,809 15,917 10,023 6,876 15,386 68,453 13 (831) 149,161 CRE: Pass 2,013 8,252 6,166 3,479 2,262 4,066 713 — (92) 26,859 Special mention 1 44 102 12 65 115 — — — 339 Substandard 17 94 23 39 29 114 — — — 316 Nonperforming — 2 4 3 — 8 1 — — 18 Total 2,031 8,392 6,295 3,533 2,356 4,303 714 — (92) 27,532 Commercial construction: Pass 342 1,921 2,164 745 153 381 729 1 4 6,440 Special mention — 5 37 — — — — — — 42 Substandard 3 5 35 56 40 4 3 — — 146 Nonperforming — 1 — 1 — — — — — 2 Total 345 1,932 2,236 802 193 385 732 1 4 6,630 Lease financing: Pass 255 1,864 1,154 1,056 381 1,221 — — (44) 5,887 Special mention — 8 3 3 3 — — — — 17 Substandard — 3 — 15 2 33 — — — 53 Nonperforming — — 1 15 2 9 — — — 27 Total 255 1,875 1,158 1,089 388 1,263 — — (44) 5,984 Consumer: Residential mortgage: Performing 1,800 8,480 5,595 6,168 6,985 23,587 — — 233 52,848 Nonperforming — 4 8 7 8 221 — — — 248 Total 1,800 8,484 5,603 6,175 6,993 23,808 — — 233 53,096 Residential home equity and direct: Performing 1,296 4,436 2,164 834 420 789 15,553 1,874 93 27,459 Nonperforming — 4 4 1 1 8 63 94 (5) 170 Total 1,296 4,440 2,168 835 421 797 15,616 1,968 88 27,629 Indirect auto: Performing 2,799 9,725 5,548 3,571 2,070 1,166 — — 142 25,021 Nonperforming — 32 39 29 19 19 — — (13) 125 Total 2,799 9,757 5,587 3,600 2,089 1,185 — — 129 25,146 Indirect other: Performing 1,027 4,319 2,587 1,294 676 1,009 — — 67 10,979 Nonperforming — — — — — 1 — — — 1 Total 1,027 4,319 2,587 1,294 676 1,010 — — 67 10,980 Student: Performing 21 122 110 91 75 7,357 — — (5) 7,771 Nonperforming — — — — — — — — — — Total 21 122 110 91 75 7,357 — — (5) 7,771 Credit card — — — — — — 5,268 35 (3) 5,300 Total $ 17,089 $ 65,130 $ 41,661 $ 27,442 $ 20,067 $ 55,494 $ 90,783 $ 2,017 $ (454) $ 319,229 (1) Includes certain deferred fees and costs, unapplied payments and other adjustments. The following table presents the carrying amount of loans by risk rating and performing status. Student loans are excluded as there is nominal risk of credit loss due to government guarantees or other credit enhancements. PCI loans were excluded because their related ALLL is determined by loan pool performance, and credit card loans were excluded as these loans are charged-off rather than reclassifying these loans to nonperforming: December 31, 2019 (Dollars in millions) Commercial & Industrial CRE Commercial Construction Lease Financing Commercial: Pass $ 127,229 $ 26,393 $ 6,037 $ 6,039 Special mention 1,264 145 37 19 Substandard 1,475 284 131 56 Nonperforming 212 10 — 8 Total $ 130,180 $ 26,832 $ 6,205 $ 6,122 December 31, 2019 Residential Mortgage Residential home equity and direct Indirect auto Indirect Other Consumer: Performing $ 52,016 $ 26,977 $ 24,342 $ 11,098 Nonperforming 55 67 100 2 Total $ 52,071 $ 27,044 $ 24,442 $ 11,100 ACL The following tables present activity in the ACL: (Dollars in millions) Balance at Jan 1, 2019 Charge-Offs Recoveries Provision (Benefit) Other Balance at Mar 31, 2019 Commercial: Commercial and industrial $ 546 $ (17) $ 6 $ 13 $ — $ 548 CRE 142 (8) — 18 — 152 Commercial construction 48 — 1 (5) — 44 Lease financing 11 (1) — 1 — 11 Consumer: Residential mortgage 232 (5) 1 (3) — 225 Residential home equity and direct 104 (20) 6 13 — 103 Indirect auto 298 (92) 13 81 — 300 Indirect other 58 (17) 4 13 — 58 Credit card 110 (24) 6 20 — 112 PCI 9 — — (1) — 8 ALLL 1,558 (184) 37 150 — 1,561 RUFC 93 — — 5 — 98 ACL $ 1,651 $ (184) $ 37 $ 155 $ — $ 1,659 (Dollars in millions) Balance at Jan 1, 2020 (1) Charge-Offs Recoveries Provision (Benefit) Other (2) Balance at Mar 31, 2020 Commercial: Commercial and industrial $ 560 $ (39) $ 17 $ 371 $ 904 1,813 CRE 150 (1) — 68 82 299 Commercial construction 52 (3) 1 22 16 88 Lease financing 10 (2) — (23) 94 79 Consumer: Residential mortgage 176 (11) 2 (4) 264 427 Residential home equity and direct 107 (68) 15 102 451 607 Indirect auto 304 (142) 23 189 818 1,192 Indirect other 60 (18) 7 12 152 213 Student — (8) — 34 120 146 Credit card 122 (53) 8 95 175 347 PCI 8 — — — (8) — ALLL 1,549 (345) 73 866 3,068 5,211 RUFC 340 — — 27 33 400 ACL $ 1,889 $ (345) $ 73 $ 893 $ 3,101 $ 5,611 (1) Balance is prior to the adoption of CECL. (2) Other activity includes the adoption of CECL, the ALLL for PCD acquisitions and other activity. The adoption of CECL increased the ALLL $3.1 billion. The following discussion of the changes in the factors that influenced Truist’s ACL estimate and the reasons for those changes excludes the impact at adoption and other ACL activity. The commercial ALLL increased $411 million primarily driven by a more pessimistic outlook with respect to future economic conditions driven by the COVID-19 pandemic and specific consideration of the risks associated with exposures to certain industries, including oil and gas, hospitality, and airlines, as well as lending to small businesses. Loan growth, which was primarily driven by draws on existing credit facilities, was also a significant contributor to the increase in the allowance for the quarter. The consumer ALLL increased $130 million, which reflects the impact of the more pessimistic outlook described above. The increase was also attributable to higher expected losses in the nonprime auto lending portfolio, in part the result of a decline in used auto pricing, and certain unsecured lending portfolios. The $50 million increase in ALLL for credit card reflected risks associated with COVID-19 and the deteriorating economic outlook. The RUFC decreased $9 million after giving consideration to the impact of CECL at adoption and certain other adjustments related to the sale of unfunded commitments to third-parties. The net decrease in the RUFC reflects lower levels of unfunded commitments that resulted from draws on existing credit facilities that occurred during the quarter. Truist’s ACL estimate represents management’s best estimate of expected credit losses related to the loan and lease portfolio at the balance sheet date. This estimate incorporates both quantitatively modeled output, as well as qualitative components that represent expected losses not otherwise captured by the models. The quantitative models have been designed to estimate losses using macro-economic forecasts over a reasonable and supportable forecast period, which management has determined to be two years, followed by a reversion to long-term historical loss conditions over a one-year period. These macro-economic forecasts include a number of key economic variables utilized in loss forecasting that include, but are not limited to, the US unemployment rate, US unemployment claims rate, US real GDP, Home Price Index, US Central Bank Policy Interest Rate and Manheim Index. The primary economic forecast incorporated into the quantitative model output is a third-party consensus baseline forecast that is adjusted to incorporate Truist’s interest rate outlook. Since this forecast reflects conditions prior to quarter end, management evaluates whether additional economic forecasts are necessary to appropriately estimate expected losses, with any resulting adjustments being considered in connection with the qualitative component of the ACL. The uncertainty related to the COVID-19 pandemic prompted frequent revisions to macro-economic forecasts through the end of the quarter. Management considered multiple macro-economic forecasts that reflected a range of possible outcomes, including a third-party baseline estimate prepared close to quarter end, in order to capture the changing severity of the pandemic and expectations related to the economic disruption associated with the pandemic. The economic assumptions shaping the ACL estimate at March 31, 2020 generally consisted of a sharp economic decline, including a very sharp initial GDP contraction and sharp home price decline, followed by a slow recovery through 2021. The forecast also includes a sharp and generally sustained decline in used car values and a significant spike in unemployment followed by a sustained high-single-digit level of unemployment through the two-year reasonable and supportable period. Quantitative models have certain limitations with respect to estimating expected losses in times of rapidly changing macro-economic forecasts. As a result, management believes that the qualitative component of the ACL, which incorporates management’s expert judgment related to expected future credit losses, will continue to represent a significant portion of the ACL for the foreseeable future. The following table provides a summary of purchased student loans with credit deterioration at acquisition: Three Months Ended March 31, 2020 Par value $ 242 ALLL at acquisition (3) Non-credit premium (discount) 1 Purchase price $ 240 The following table provides a summary of nonperforming loans, excluding LHFS. Interest income recognized on nonperforming loans HFI was $8 million for the three months ended March 31, 2020. Recorded Investment Three Months Ended March 31, 2020 Without an ALLL With an ALLL Commercial: Commercial and industrial $ 136 $ 307 CRE 1 17 Commercial construction — 2 Lease financing 15 12 Consumer: Residential mortgage 3 245 Residential home equity and direct 1 169 Indirect auto — 125 Indirect other — 1 Total $ 156 $ 878 The following table sets forth certain information regarding impaired loans, excluding PCI and LHFS, that were individually evaluated for impairment. This table excludes guaranteed student loans and guaranteed residential mortgages for which there was nominal risk of principal loss due to the government guarantee or other credit enhancements. UPB Recorded Investment Related ALLL Average Recorded Investment Interest Income Recognized As of / For The Year Ended December 31, 2019 Without an ALLL With an ALLL Commercial: Commercial and industrial $ 339 $ 124 $ 167 $ 20 $ 298 $ 6 CRE 29 3 26 2 71 1 Commercial construction 39 — 38 7 5 — Lease financing 18 7 2 — 2 — Consumer: Residential mortgage 650 92 527 42 799 34 Residential home equity and direct 76 24 37 5 65 3 Indirect auto 367 9 349 64 334 53 Indirect other 5 — 5 1 4 — Credit card 31 — 31 12 28 1 Total $ 1,554 $ 259 $ 1,182 $ 153 $ 1,606 $ 98 TDRs The following table presents a summary of TDRs: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Performing TDRs: Commercial: Commercial and industrial $ 65 $ 47 CRE 7 6 Commercial construction 36 37 Lease financing 1 — Consumer: Residential mortgage 513 470 Residential home equity and direct 66 51 Indirect auto 350 333 Indirect other 5 5 Student 1 — Credit card 35 31 Total performing TDRs 1,079 980 Nonperforming TDRs 121 82 Total TDRs $ 1,200 $ 1,062 ALLL attributable to TDRs $ 159 $ 132 The primary reason loan modifications were classified as TDRs is summarized below. Balances represent the recorded investment at the end of the quarter in which the modification was made. Rate modifications consist of TDRs made with below market interest rates, including those that also have modifications of loan structures. As of / for the Three Months Ended March 31, 2020 Type of Modification Prior Quarter Loan Balance ALLL at Period End Rate Structure Newly designated TDRs: Commercial: Commercial and industrial $ 28 $ 3 $ 36 $ 2 CRE 1 — 1 — Lease financing 1 — 1 — Consumer: Residential mortgage 77 15 94 5 Residential home equity and direct 17 5 23 1 Indirect auto 56 14 73 5 Indirect other 1 — 1 — Student — 1 1 — Credit card 10 — 10 3 Re-modification of previously designated TDRs 18 1 As of / for the Three Months Ended March 31, 2019 Type of Modification Prior Quarter Loan Balance ALLL at Period End Rate Structure Newly designated TDRs: Commercial: Commercial and industrial $ 26 $ 3 $ 19 $ 3 CRE 1 — 3 — Consumer: Residential mortgage 73 8 75 6 Residential home equity and direct 3 1 3 1 Indirect auto 47 1 51 11 Indirect other 1 — 1 — Credit card 6 — 6 3 Re-modification of previously designated TDRs 23 5 Charge-offs and forgiveness of principal and interest for TDRs were immaterial for all periods presented. The re-default balance for modifications that had been classified as TDRs during the previous 12 months that experienced a payment default was $21 million and $18 million for the three months ended March 31, 2020 and 2019, respectively. Payment default is defined as movement of the TDR to nonperforming status, foreclosure or charge-off, whichever occurs first. NPLs and Foreclosed Property The following table presents a summary of nonperforming assets and residential mortgage loans in the process of foreclosure: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Nonperforming loans and leases HFI (1) $ 1,034 $ 454 Nonperforming LHFS 41 107 Foreclosed real estate 63 82 Other foreclosed property 39 41 Total nonperforming assets $ 1,177 $ 684 Residential mortgage loans in the process of foreclosure $ 300 $ 409 (1) Beginning January 1, 2020, nonperforming loans and leases include certain assets previously classified as PCI. Unearned Income, Discounts and Net Deferred Loan Fees and Costs The following table presents additional information about loans and leases: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Unearned income, discounts and net deferred loan fees and costs, excluding PCI $ 3,140 $ 4,069

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Other Intangible Assets	Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill attributable to operating segments are reflected in the table below. The adjustments for 2020 include measurement period adjustments to the fair value of acquired assets and liabilities and the reallocation net assets to the underlying reporting units. Adjustments to the fair value of acquired assets include a $193 million reduction in the fair value mark for loans and leases, and a $165 million increase in CDI and other intangibles, each recorded to goodwill net of deferred taxes. Adjustments to the reallocation of net assets to Truist's reporting units include updates to the estimated operating results, and the finalization of corporate expense allocations based on the various drivers that Truist applies in allocating such costs. Refer to “Note 2. Business Combinations” and “Note 17. Operating Segments” for additional information. (Dollars in millions) CB&W C&CB IH Total Goodwill, January 1, 2019 $ 3,906 $ 3,938 $ 1,974 $ 9,818 Mergers and acquisitions 10,134 4,187 21 14,342 Adjustments — — (6) (6) Goodwill, December 31, 2019 $ 14,040 $ 8,125 $ 1,989 $ 24,154 Mergers and acquisitions — — 31 31 Adjustments 1,483 (1,741) — (258) Goodwill, March 31, 2020 $ 15,523 $ 6,384 $ 2,020 $ 23,927 The following table, which excludes fully amortized intangibles, presents information for identifiable intangible assets: Weighted Average Remaining Amortization Period March 31, 2020 December 31, 2019 (Dollars in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount CDI 9.3 years $ 2,599 $ (485) $ 2,114 $ 2,474 $ (365) $ 2,109 Other, primarily client relationship intangibles 11.2 1,873 (819) 1,054 1,808 (775) 1,033 Total $ 4,472 $ (1,304) $ 3,168 $ 4,282 $ (1,140) $ 3,142 Truist performed a qualitative assessment of current events and circumstances, including the effects of the COVID-19 pandemic, concluding that it was not more-likely-than-not that the fair value of one or more of its reporting units is below its respective carrying amount as of March 31, 2020, and therefore no triggering event occurred that required a quantitative goodwill impairment test.

Loan Servicing

Loan Servicing	3 Months Ended
	Mar. 31, 2020
Transfers and Servicing [Abstract]
Loan Servicing	Loan Servicing The Company acquires servicing rights and retains servicing rights for certain of its sales or securitizations of residential mortgages and commercial loans. Servicing rights on residential and commercial mortgages are capitalized by the Company as MSRs on the Consolidated Balance Sheets. Income earned by the Company on its residential MSRs is derived primarily from contractually specified mortgage servicing fees and late fees, net of curtailment costs. Income earned by the Company on its commercial mortgage servicing rights is derived primarily from contractually specified servicing fees and other ancillary fees. Residential Mortgage Activities The following tables summarize residential mortgage servicing activities: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 UPB of residential mortgage loan servicing portfolio $ 276,304 $ 279,558 UPB of residential mortgage loans serviced for others, primarily agency conforming fixed rate 219,979 219,347 Mortgage loans sold with recourse 395 371 Maximum recourse exposure from mortgage loans sold with recourse liability 241 212 Indemnification, recourse and repurchase reserves 66 44 As of / For the Three Months Ended March 31, 2020 2019 UPB of residential mortgage loans sold from LHFS $ 12,669 $ 1,300 Pre-tax gains recognized on mortgage loans sold and held for sale 188 17 Servicing fees recognized from mortgage loans serviced for others 169 61 Approximate weighted average servicing fee on the outstanding balance of residential mortgage loans serviced for others 0.31 % 0.28 % Weighted average interest rate on mortgage loans serviced for others 4.02 4.06 The following table presents a roll forward of the carrying value of residential MSRs recorded at fair value: Three Months Ended March 31, 2020 2019 Residential MSRs, carrying value, January 1 $ 2,371 $ 957 Other additions 178 15 Change in fair value due to changes in valuation inputs or assumptions: Prepayment speeds (522) (55) OAS 45 4 Servicing costs — — Realization of expected net servicing cash flows, passage of time and other (148) (33) Residential MSRs, carrying value, March 31 $ 1,924 $ 888 The sensitivity of the fair value of the Company's residential MSRs to changes in key assumptions is presented in the following table: March 31, 2020 December 31, 2019 Range Weighted Average Range Weighted Average (Dollars in millions) Min Max Min Max Prepayment speed 9.4 % 19.0 % 11.2 % 8.4 % 18.6 % 9.6 % Effect on fair value of a 10% increase $ (104) $ (102) Effect on fair value of a 20% increase (198) (195) OAS 2.8 % 12.8 % 5.9 % 4.0 % 13.5 % 6.7 % Effect on fair value of a 10% increase $ (39) $ (54) Effect on fair value of a 20% increase (76) (106) Composition of loans serviced for others: Fixed-rate residential mortgage loans 98.6 % 98.5 % Adjustable-rate residential mortgage loans 1.4 1.5 Total 100.0 % 100.0 % Weighted average life 4.3 years 5.4 years The sensitivity calculations above are hypothetical and should not be considered to be predictive of future performance. As indicated, changes in fair value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in the above table, the effect of an adverse variation in one assumption on the fair value of the MSRs is calculated without changing any other assumption; while in reality, changes in one factor may result in changes in another, which may magnify or counteract the effect of the change. See "Note 14. Fair Value Disclosures" for additional information on the valuation techniques used. Commercial Mortgage Activities The following table summarizes commercial mortgage servicing activities for the periods presented: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 UPB of CRE mortgages serviced for others $ 71,391 $ 70,404 CRE mortgages serviced for others covered by recourse provisions 8,592 8,676 Maximum recourse exposure from CRE mortgages sold with recourse liability 2,490 2,479 Recorded reserves related to recourse exposure 18 13 CRE mortgages originated during the year-to-date period 1,271 8,062 Commercial MSRs at fair value 226 247

Other Assets and Liabilites

Other Assets and Liabilites	3 Months Ended
	Mar. 31, 2020
Other Assets [Abstract]
Other Assets Disclosure	Other Assets and Liabilities Lessee Operating and Finance Leases The Company leases certain assets, consisting primarily of real estate, and assesses at contract inception whether a contract is, or contains, a lease. At March 31, 2020, the Company had an immaterial amount of operating leases that had not yet commenced. The following table presents additional information on leases, and excludes assets related to the lease financing businesses: March 31, 2020 Operating Leases Finance Leases ROU assets $ 1,773 $ 43 Maturities of lease liabilities: 2020 $ 334 $ 10 2021 382 11 2022 337 11 2023 284 7 2024 237 5 2025 78 1 Thereafter 671 12 Total lease payments 2,323 57 Less: imputed interest 244 6 Total lease liabilities $ 2,079 $ 51 Weighted average remaining term 7.5 years 7.4 years Weighted average discount rate 2.6 % 4.1 % Three Months Ended March 31, 2020 2019 Operating lease costs $ 96 $ 49 Lessor Operating Leases The Company’s two primary lessor businesses are equipment financing and structured real estate with income recorded in Operating lease income on the Consolidated Statements of Income. The following table presents a summary of assets under operating leases and activity related to assets under operating leases. This table excludes subleases on assets included in premises and equipment. (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Assets held under operating leases (1) $ 2,126 $ 2,236 Accumulated depreciation (443) (391) Net $ 1,683 $ 1,845 (1) Includes certain land parcels subject to operating leases that have indefinite lives. The residual value of assets no longer under operating leases was immaterial. Bank-Owned Life Insurance Bank-owned life insurance consists of life insurance policies held on certain employees for which the Company is the beneficiary. These policies provide the Company an efficient form of funding for retirement and other employee benefits costs. The carrying value of bank-owned life insurance was $6.4 billion at March 31, 2020 and December 31, 2019.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity Common Stock Dividends The following table presents the dividends declared related to common stock. For information related to preferred stock dividends, see Note12. Shareholders’ Equity of the Annual Report on Form 10-K for the year ended December 31, 2019. Three Months Ended March 31, 2020 2019 Cash dividends declared per share $ 0.450 $ 0.405 Preferred Stock

AOCI

AOCI	3 Months Ended
	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
AOCI	AOCI AOCI includes the after-tax change in unrecognized net costs related to defined benefit pension and OPEB plans as well as unrealized gains and losses on cash flow hedges and AFS securities. Three Months Ended March 31, 2020 and 2019 Pension and OPEB Costs Cash Flow Hedges AFS Securities Other, net Total AOCI balance, January 1, 2019 $ (1,164) $ (31) $ (500) $ (20) $ (1,715) OCI before reclassifications, net of tax — (30) 314 2 286 Amounts reclassified from AOCI: Before tax 23 (5) (6) — 12 Tax effect 6 (1) (1) — 4 Amounts reclassified, net of tax 17 (4) (5) — 8 Total OCI, net of tax 17 (34) 309 2 294 AOCI balance, March 31, 2019 $ (1,147) $ (65) $ (191) $ (18) $ (1,421) AOCI balance, January 1, 2020 $ (1,122) $ (101) $ 380 $ (1) $ (844) OCI before reclassifications, net of tax — — 1,690 (5) 1,685 Amounts reclassified from AOCI: Before tax 20 15 41 — 76 Tax effect 5 4 10 — 19 Amounts reclassified, net of tax 15 11 31 — 57 Total OCI, net of tax 15 11 1,721 (5) 1,742 AOCI balance, March 31, 2020 $ (1,107) $ (90) $ 2,101 $ (6) $ 898 Primary income statement location of amounts reclassified from AOCI Other expense Net interest income Net interest income Net interest income

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesFor the three months ended March 31, 2020 and 2019, the provision for income taxes was $224 million and $177 million, respectively, representing effective tax rates of 17.4% and 18.2%, respectively. The lower effective tax rate for the three months ended March 31, 2020 was primarily due to higher income tax credits earned in the current year. The Company calculated the provision for income taxes by applying the estimated annual effective tax rate to year-to-date pre-tax income and adjusting for discrete items that occurred during the period.

Benefit Plans

Benefit Plans	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans The components of net periodic benefit cost for defined benefit pension plans are summarized in the following table: Three Months Ended March 31, Location 2020 2019 Service cost Personnel expense $ 118 $ 54 Interest cost Other expense 78 57 Estimated return on plan assets Other expense (216) (113) Amortization and other Other expense 19 25 Net periodic benefit cost $ (1) $ 23 Truist makes contributions to the qualified pension plans in amounts between the minimum required for funding and the maximum deductible for federal income tax purposes. Discretionary contributions totaling $305 million were made to the Truist pension plan during the three months ended March 31, 2020. There are no required contributions for the remainder of 2020, though Truist may elect to make additional discretionary contributions.

Commitment and Contingencies

Commitment and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Tax Credit and Certain Equity Investments Truist utilizes a variety of financial instruments to meet the financing needs of clients and to reduce exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit, letters of credit and financial guarantees and derivatives. Truist also has commitments to fund certain affordable housing investments and contingent liabilities related to certain sold loans. The following table summarizes certain tax credit, private equity, and certain other equity method investments. (Dollars in millions) Balance Sheet Location Mar 31, 2020 Dec 31, 2019 Investments in affordable housing projects: Carrying amount Other assets $ 3,776 $ 3,684 Amount of future funding commitments included in carrying amount Other liabilities 1,154 1,271 Lending exposure 540 647 Renewable energy investments: Carrying amount Other assets 107 81 Amount of future funding commitments not included in carrying amount N/A 211 246 Private equity and certain other equity method investments: Carrying amount Other assets 1,597 1,556 Amount of future funding commitments not included in carrying amount N/A 378 331 The following table presents a summary of tax credits and amortization associated with the Company's tax credit investment activity: Three Months Ended March 31, Income Statement Location 2020 2019 Tax credits: Investments in affordable housing projects Provision for income taxes $ 117 $ 79 Other community development investments Provision for income taxes 22 — Amortization and other changes in carrying amount: Investments in affordable housing projects Provision for income taxes $ 114 $ 69 Other community development investments Other noninterest income 20 — Renewable energy investments Other noninterest income — — Letters of Credit and Financial Guarantees In the normal course of business, Truist utilizes certain financial instruments to meet the financing needs of clients and to mitigate exposure to risks. Such financial instruments include commitments to extend credit and certain contractual agreements, including standby letters of credit and financial guarantee arrangements. The following is a summary of selected notional amounts of off-balance sheet financial instruments: (Dollars in millions) March 31, 2020 December 31, 2019 Commitments to extend, originate or purchase credit $ 159,924 $ 177,598 Residential mortgage loans sold with recourse 395 371 CRE mortgages serviced for others covered by recourse provisions 8,592 8,676 Letters of credit 5,050 5,181 Total Return Swaps The Company facilitates matched book TRS transactions on behalf of clients, whereby a VIE purchases reference assets identified by a client and the Company enters into a TRS with the VIE, with a mirror-image TRS facing the client. The TRS contract between the VIE and the Company hedges the Company's exposure to the TRS contract with its third party client. The Company provides senior financing to the VIE in the form of demand notes to fund the purchase of the reference assets. The TRS contracts pass through interest and other cash flows on the reference assets to the third party clients, along with exposing those clients to decreases in value on the assets and providing them with the rights to appreciation on the assets. The terms of the TRS contracts require the third parties to post initial margin collateral, as well as ongoing margin as the fair values of the underlying reference assets change. The Company concluded that the VIEs should be consolidated because the Company has (i) the power to direct the activities that most significantly impact the economic performance of the VIE and (ii) the obligation to absorb losses, and the right to receive benefits, that could potentially be significant. At March 31, 2020, the Company’s Consolidated Balance Sheet reflected $2.1 billion of assets and $153 million of other liabilities of the VIEs. At December 31, 2019, the Company’s Consolidated Balance Sheet reflected $2.7 billion of assets and $116 million of other liabilities of the VIEs. Assets at March 31, 2020 and December 31, 2019 include $1.4 billion and $2.6 billion in trading loans, respectively. The activities of the VIEs are restricted to buying and selling the reference assets and the risks/benefits of any such assets owned by the VIEs are passed to the third party clients via the TRS contracts. For additional information on the Company’s TRS contracts and its involvement with these VIEs, see "Note 15. Derivative Financial Instruments.” Other Commitments The Company entered into an agreement to purchase its new headquarters building in Charlotte, North Carolina for $456 million. The purchase closed in March 2020. Pledged Assets Certain assets were pledged to secure municipal deposits, securities sold under agreements to repurchase, certain derivative agreements, and borrowings or borrowing capacity, as well as for other purposes as required or permitted by law. Assets pledged to the FHLB and FRB are subject to applicable asset discounts when determining borrowing capacity. The Company obtains secured financing and letters of credit from the FRB and FHLB, the latter of which is used to secure various client deposits, including public fund relationships. Excluding assets related to employee benefit plans, the majority of the agreements governing the pledged assets do not permit the other party to sell or repledge the collateral. Additional assets were pledged to the FRB of Richmond in the first quarter of 2020. The following table provides the total carrying amount of pledged assets by asset type. (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Pledged securities $ 10,404 $ 11,283 Pledged loans: FRB 71,786 30,238 FHLB 79,009 80,816 Unused borrowing capacity: FRB 49,652 21,169 FHLB 21,677 37,303 Litigation and Regulatory Matters Truist and/or its subsidiaries are routinely parties to numerous legal proceedings, including private, civil litigations and regulatory investigations, arising from the ordinary conduct of its regular business activities. The matters range from individual actions involving a single plaintiff to class action lawsuits with multiple class members and can involve claims for substantial amounts. Investigations involve both formal and informal proceedings, by both governmental agencies and self-regulatory organizations. These legal proceedings are at varying stages of adjudication, arbitration or investigation and may consist of a variety of claims, including common law tort and contract claims and statutory antitrust, securities and consumer protection claims, and the ultimate resolution of any proceedings is uncertain and inherently difficult to predict. It is possible that the ultimate resolution of these matters, if unfavorable, may be material to the consolidated financial position, consolidated results of operations, or consolidated cash flows of Truist. In accordance with the provisions of U.S. GAAP for contingencies, Truist establishes accruals for legal matters when potential losses associated with the actions become probable and the amount of loss can be reasonably estimated. There is no assurance that the ultimate resolution of these matters will not significantly exceed the amounts that Truist has currently accrued. On a quarterly basis, Truist evaluates its outstanding legal proceedings to assess litigation accruals and adjust such accruals upwards or downward, as appropriate, based on management’s best judgment after consultation with counsel and others, as warranted. The Company’s estimate of reasonably possible losses, in excess of amounts accrued, ranges from zero to approximately $200 million as of March 31, 2020. This estimated range is based upon currently available information and involves considerable judgment, given that claims often include significant legal uncertainties, damages alleged by plaintiffs are often unspecified or overstated, discovery may not have started or may not be complete, and material facts may be disputed or unsubstantiated, among other factors. In addition, the matters underlying this estimated range will change from time to time, and actual losses may vary significantly from this estimate. For the same reasons stated above, we do not believe that an estimate of reasonably possible losses can be made for certain matters and therefore such matters are not reflected in the range provided here. The following is a description of certain legal proceedings in which Truist is involved: Bickerstaff v. SunTrust Bank This class action case was filed in the Fulton County State Court on July 12, 2010, and an amended complaint was filed on August 9, 2010. Plaintiff asserts that all overdraft fees charged to his account which related to debit card and ATM transactions are actually interest charges and therefore subject to the usury laws of Georgia. Plaintiff has brought claims for violations of civil and criminal usury laws, conversion, and money had and received. On October 6, 2017, the trial court granted plaintiff's motion for class certification and defined the class as “Every Georgia citizen who had or has one or more accounts with SunTrust Bank and who, from July 12, 2006, to October 6, 2017 (i) had at least one overdraft of $500.00 or less resulting from an ATM or debit card transaction (the “Transaction”); (ii) paid any Overdraft Fees as a result of the Transaction; and (iii) did not receive a refund of those Fees” and the granting of a certified class was affirmed on appeal. On April 8, 2020, the Company filed a motion seeking to narrow the scope of this class. Discovery has commenced. The Company believes that the claims are without merit.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures Recurring Fair Value Measurements Accounting standards define fair value as the price that would be received on the measurement date to sell an asset or the price paid to transfer a liability in the principal or most advantageous market available to the entity in an orderly transaction between market participants, with a three level measurement hierarchy: • Level 1: Quoted prices for identical instruments in active markets • Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets • Level 3: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable The following tables present fair value information for assets and liabilities measured at fair value on a recurring basis: March 31, 2020 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 630 $ — $ 630 $ — $ — GSE 343 — 343 — — Agency MBS - residential 601 — 601 — — Agency MBS - commercial 58 — 58 — — States and political subdivisions 43 — 43 — — Corporate and other debt securities 536 — 536 — — Loans 1,569 — 1,569 — — Other 83 78 5 — — Total trading assets 3,863 78 3,785 — — AFS securities: U.S. Treasury 2,319 — 2,319 — — GSE 1,933 — 1,933 — — Agency MBS - residential 71,753 — 71,753 — — Agency MBS - commercial 1,519 — 1,519 — — States and political subdivisions 539 — 539 — — Non-agency MBS 298 — — 298 — Other 37 — 37 — — Total AFS securities 78,398 — 78,100 298 — LHFS at fair value 3,655 — 3,655 — — MSRs at fair value 2,150 — — 2,150 — Other assets: Derivative assets 4,040 548 6,746 177 (3,431) Equity securities 641 603 38 — — Private equity investments 448 — — 448 — Total assets $ 93,195 $ 1,229 $ 92,324 $ 3,073 $ (3,431) Liabilities: Derivative liabilities $ 764 $ 674 $ 3,234 $ 34 $ (3,178) Securities sold short 1,085 — 1,085 — — Total liabilities $ 1,849 $ 674 $ 4,319 $ 34 $ (3,178) December 31, 2019 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 227 $ — $ 227 $ — $ — GSE 296 — 296 — — Agency MBS - residential 497 — 497 — — Agency MBS - commercial 68 — 68 — — States and political subdivisions 82 — 82 — — Non-agency MBS 277 — 277 — — Corporate and other debt securities 1,204 — 1,204 — — Loans 2,948 — 2,948 — — Other 134 90 44 — — Total trading assets 5,733 90 5,643 — — AFS securities: U.S. Treasury 2,276 — 2,276 — — GSE 1,881 — 1,881 — — Agency MBS - residential 68,236 — 68,236 — — Agency MBS - commercial 1,341 — 1,341 — — States and political subdivisions 585 — 585 — — Non-agency MBS 368 — — 368 — Other 40 — 40 — — Total AFS securities 74,727 — 74,359 368 — LHFS 5,673 — 5,673 — — MSRs 2,618 — — 2,618 — Other assets: Derivative assets 2,053 606 3,620 34 (2,207) Equity securities 817 815 2 — — Private equity investments 440 — — 440 — Total assets $ 92,061 $ 1,511 $ 89,297 $ 3,460 $ (2,207) Liabilities: Derivative liabilities $ 366 $ 204 $ 3,117 $ 15 $ (2,970) Securities sold short 1,074 18 1,056 — — Total liabilities $ 1,440 $ 222 $ 4,173 $ 15 $ (2,970) (1) Refer to "Note 15. Derivative Financial Instruments" for additional discussion on netting adjustments. For a description of the valuation techniques and significant inputs for Level 2 and Level 3 assets and liabilities that are measured at fair value on a recurring basis, see “Note 18. Fair Value Disclosures” of the Annual Report on Form 10-K for the year ended December 31, 2019. Activity for Level 3 assets and liabilities is summarized below: Three Months Ended Trading Securities Non-agency MBS MSRs Net Derivatives Private Equity Investments Balance at January 1, 2019 $ 3 $ 391 $ 1,108 $ 12 $ 393 Total realized and unrealized gains (losses): Included in earnings — 2 (54) 8 23 Included in unrealized net holding gains (losses) in OCI — 1 — — — Purchases 15 — — — 7 Issuances — — 22 17 — Sales (7) — — — (33) Settlements — (8) (40) (30) (2) Balance at March 31, 2019 $ 11 $ 386 $ 1,036 $ 7 $ 388 Balance at January 1, 2020 $ — $ 368 $ 2,618 $ 19 $ 440 Total realized and unrealized gains (losses): Included in earnings — 3 (526) 111 2 Included in unrealized net holding gains (losses) in OCI — (64) — — — Purchases — — — — 27 Issuances — — 187 155 — Sales — — — — — Settlements — (9) (129) (142) (21) Balance at March 31, 2020 $ — $ 298 $ 2,150 $ 143 $ 448 Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held at March 31, 2020 $ — $ 3 $ (526) $ 154 $ — Primary income statement location of realized gains (losses) included in earnings Interest income Interest income Residential mortgage income and Commercial real estate related income Residential mortgage income and Commercial real estate related income Other income The non-agency MBS categorized as Level 3 represent ownership interests in various tranches of Re-REMIC trusts. These securities are valued at a discount, which is unobservable in the market, to the fair value of the underlying securities owned by the trusts. The Re-REMIC tranches do not have an active market and therefore are categorized as Level 3. At March 31, 2020, the fair value of Re-REMIC non-agency MBS represented a discount of 38.7% to the fair value of the underlying securities owned by the Re-REMIC trusts due to market conditions at March 31, 2020 that reflected wider discounts relative to previous periods. The majority of private equity investments are in SBIC qualified funds, which primarily focus on equity and subordinated debt investments in privately-held middle market companies. The majority of these VIE investments are not redeemable and distributions are received as the underlying assets of the funds liquidate. The timing of distributions, which are expected to occur on various dates on an approximately ratable basis through 2030, is uncertain and dependent on various events such as recapitalizations, refinance transactions and ownership changes among others. As of March 31, 2020, restrictions on the ability to sell the investments include, but are not limited to, consent of a majority member or general partner approval for transfer of ownership. These investments are spread over numerous privately-held middle market companies, and thus the sensitivity to a change in fair value for any single investment is limited. The significant unobservable inputs for these investments are EBITDA multiples that ranged from 6x to 14x, with a weighted average of 8x, at March 31, 2020. Refer to "Note 7. Loan Servicing" for additional information on valuation techniques and inputs for MSRs. Fair Value Option The following table details the fair value and UPB of LHFS that were elected to be measured at fair value. Trading loans, included in other trading assets, were also elected to be measured at fair value. March 31, 2020 December 31, 2019 (Dollars in millions) Fair Value UPB Difference Fair Value UPB Difference Trading loans $ 1,569 $ 1,891 $ (322) $ 2,948 $ 2,982 $ (34) LHFS at fair value 3,655 3,485 170 5,673 5,563 110 Nonrecurring Fair Value Measurements The following table provides information about certain assets measured at fair value on a nonrecurring basis. The carrying values represent end of period values, which approximate the fair value measurements that occurred on the various measurement dates throughout the period. The valuation adjustments represent the amounts recorded during the period regardless of whether the asset is still held at period end. These assets are considered to be Level 3 assets (excludes PCI). 2020 2019 As of / For The Three Months Ended March 31, Carrying Value Valuation Adjustments Carrying Value Valuation Adjustments LHFS $ 427 $ (25) $ — $ — Loans and leases 101 (7) 154 (18) Foreclosed real estate 63 (73) 33 (63) At March 31, 2020, LHFS consisted primarily of residential mortgages and commercial loans that were valued using market prices and measured at the lower of cost or market. The table above excludes $728 million of LHFS carried at cost at March 31, 2020. Excluding government guaranteed loans, the Company held $41 million in nonperforming LHFS at March 31, 2020 and $107 million of nonperforming LHFS at December 31, 2019. LHFS that were 90 days or more past due and still accruing interest were not material at March 31, 2020. Loans and leases are primarily collateral dependent and may be subject to liquidity adjustments. Refer to “Note 1. Basis of Presentation” for additional discussion of individually evaluated loans and leases. Foreclosed real estate is measured at the lower of cost or fair value less costs to sell and consists primarily of residential homes, commercial properties, and vacant lots. Financial Instruments Not Recorded at Fair Value For financial instruments not recorded at fair value, estimates of fair value are based on relevant market data and information about the instrument. Values obtained relate to one trading unit without regard to any premium or discount that may result from concentrations of ownership, possible tax ramifications, estimated transaction costs that may result from bulk sales or the relationship between various instruments. An active market does not exist for certain financial instruments. Fair value estimates for these instruments are based on current economic conditions, currency and interest rate risk characteristics, loss experience and other factors. Many of these estimates involve uncertainties and matters of significant judgment and cannot be determined with precision. Therefore, the fair value estimates in many instances cannot be substantiated by comparison to independent markets. In addition, changes in assumptions could significantly affect these fair value estimates. Financial assets and liabilities not recorded at fair value are summarized below: March 31, 2020 December 31, 2019 (Dollars in millions) Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Loans and leases HFI, net of ALLL Level 3 $ 314,018 $ 314,838 $ 298,293 $ 298,586 Financial liabilities: Time deposits Level 2 35,539 35,821 35,896 35,885 Long-term debt Level 2 65,662 64,998 41,339 42,051 The carrying value of unfunded commitments was $400 million and $373 million at March 31, 2020 and December 31, 2019, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Impact of Derivatives on the Consolidated Balance Sheets The following table presents the gross notional amounts and estimated fair value of derivative instruments employed by the Company. Truist held no cash flow hedges as of March 31, 2020 and December 31, 2019. March 31, 2020 December 31, 2019 Notional Amount Fair Value Notional Amount Fair Value (Dollars in millions) Assets Liabilities Assets Liabilities Fair value hedges: Interest rate contracts: Swaps hedging long-term debt $ 23,701 $ 577 $ — $ 23,701 $ 113 $ (25) Options hedging long-term debt 3,407 — (5) 3,407 — (2) Swaps hedging commercial loans 44 — — 44 — — Total 27,152 577 (5) 27,152 113 (27) Not designated as hedges: Client-related and other risk management: Interest rate contracts: Swaps 150,165 4,029 (1,026) 144,473 1,817 (673) Options 24,997 59 (23) 25,938 28 (19) Forward commitments 10,902 140 (147) 7,907 6 (7) Other 2,483 — — 1,807 — — Equity contracts 39,452 1,483 (1,781) 38,426 1,988 (2,307) Credit contracts: Loans and leases 1,179 18 (22) 894 — (34) Risk participation agreements 6,829 — (9) 6,696 — (2) Total return swaps 1,924 318 (4) 2,531 27 (11) Trading 677 5 (5) — — — Foreign exchange contracts 13,192 242 (259) 12,986 144 (164) Commodity 2,800 346 (342) 2,659 67 (65) Total 254,600 6,640 (3,618) 244,317 4,077 (3,282) Mortgage banking: Interest rate contracts: Swaps 300 — — 535 — — Interest rate lock commitments 7,605 177 (22) 4,427 34 (2) When issued securities, forward rate agreements and forward commitments 10,855 27 (224) 11,997 10 (18) Other 668 6 — 603 2 — Total 19,428 210 (246) 17,562 46 (20) MSRs: Interest rate contracts: Swaps 21,142 — — 19,196 — — Options 1,684 15 (19) 1,519 22 (2) When issued securities, forward rate agreements and forward commitments 1,224 29 (54) 5,560 2 (5) Other 739 — — 567 — — Total 24,789 44 (73) 26,842 24 (7) Total derivatives not designated as hedges 298,817 6,894 (3,937) 288,721 4,147 (3,309) Total derivatives $ 325,969 7,471 (3,942) $ 315,873 4,260 (3,336) Gross amounts in the Consolidated Balance Sheets: Amounts subject to master netting arrangements (1,988) 1,988 (1,708) 1,708 Cash collateral (received) posted for amounts subject to master netting arrangements (1,443) 1,190 (499) 1,262 Net amount $ 4,040 $ (764) $ 2,053 $ (366) The following table presents the offsetting of derivative instruments including financial instrument collateral related to legally enforceable master netting agreements and amounts held or pledged as collateral. U.S. GAAP does not permit netting of non-cash collateral balances in the consolidated balance sheet: March 31, 2020 Gross Amount Net Amount Presented in the Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 6,333 $ (2,897) $ 3,436 $ (24) $ 3,412 Derivatives not subject to master netting arrangement or similar arrangement 590 — 590 (1) 589 Exchange traded derivatives 548 (534) 14 — 14 Total derivative assets $ 7,471 $ (3,431) $ 4,040 $ (25) $ 4,015 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (3,100) $ 2,644 $ (456) $ 3 $ (453) Derivatives not subject to master netting arrangement or similar arrangement (168) — (168) 13 (155) Exchange traded derivatives (674) 534 (140) — (140) Total derivative liabilities $ (3,942) $ 3,178 $ (764) $ 16 $ (748) December 31, 2019 Gross Amount Net Amount Presented in the Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 3,516 $ (2,003) $ 1,513 $ (17) $ 1,496 Derivatives not subject to master netting arrangement or similar arrangement 138 — 138 (1) 137 Exchange traded derivatives 606 (204) 402 — 402 Total derivative assets $ 4,260 $ (2,207) $ 2,053 $ (18) $ 2,035 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (2,939) $ 2,761 $ (178) $ 22 $ (156) Derivatives not subject to master netting arrangement or similar arrangement (193) 5 (188) 11 (177) Exchange traded derivatives (204) 204 — — — Total derivative liabilities $ (3,336) $ 2,970 $ (366) $ 33 $ (333) The following table presents the carrying value of hedged items in fair value hedging relationships: March 31, 2020 December 31, 2019 Hedge Basis Adjustment Hedge Basis Adjustment (Dollars in millions) Hedged Asset / Liability Basis Items Currently Designated Items No Longer Designated Hedged Asset / Liability Basis Items Currently Designated Items No Longer Designated AFS securities $ 433 $ — $ 56 $ 473 $ — $ 65 Loans and leases 518 6 14 528 3 15 Long-term debt 29,980 1,098 22 28,557 174 23 Impact of Derivatives on the Consolidated Statements of Income and Comprehensive Income Derivatives Designated as Hedging Instruments under GAAP No portion of the change in fair value of derivatives designated as hedges has been excluded from effectiveness testing. The following table summarizes amounts related to cash flow hedges, which consist of interest rate contracts. Three Months Ended March 31, (Dollars in millions) 2020 2019 Pre-tax gain (loss) recognized in OCI: Deposits $ — $ (10) Short-term borrowings — (10) Long-term debt — (20) Total $ — $ (40) Pre-tax gain (loss) reclassified from AOCI into interest expense: Deposits $ (2) 2 Short-term borrowings (4) 1 Long-term debt (8) 2 Total $ (14) $ 5 The following table summarizes the impact on net interest income related to fair value hedges: Three Months Ended March 31, (Dollars in millions) 2020 2019 AFS securities: Amounts related to interest settlements $ — $ — Recognized on derivatives — (7) Recognized on hedged items (2) 5 Net income (expense) recognized (2) (2) Loans and leases: Amounts related to interest settlements — — Recognized on derivatives (3) (8) Recognized on hedged items 2 8 Net income (expense) recognized (1) — Long-term debt: Amounts related to interest settlements 16 (22) Recognized on derivatives 922 116 Recognized on hedged items (922) (108) Net income (expense) recognized 16 (14) Net income (expense) recognized, total $ 13 $ (16) The following table presents information about the Company's cash flow and fair value hedges: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Cash flow hedges: Net unrecognized after-tax gain (loss) on active hedges recorded in AOCI $ — $ — Net unrecognized after-tax gain (loss) on terminated hedges recorded in AOCI (to be recognized in earnings through 2022) (90) (101) Estimated portion of net after-tax gain (loss) on active and terminated hedges to be reclassified from AOCI into earnings during the next 12 months (34) (37) Fair value hedges: Unrecognized pre-tax net gain (loss) on terminated hedges (to be recognized as interest primarily through 2029) $ (48) $ (57) Portion of pre-tax net gain (loss) on terminated hedges to be recognized as a change in interest during the next 12 months (4) (6) Derivatives Not Designated as Hedging Instruments under GAAP The Company also enters into derivatives that are not designated as accounting hedges under GAAP to economically hedge certain risks as well as in a trading capacity with its clients. The following table presents pre-tax gain (loss) recognized in income for derivative instruments not designated as hedges: Three Months Ended March 31, (Dollars in millions) Income Statement Location 2020 2019 Client-related and other risk management: Interest rate contracts Investment banking and trading income and other income $ (64) $ 10 Foreign exchange contracts Investment banking and trading income 107 2 Equity contracts Investment banking and trading income and other income (10) — Credit contracts Investment banking and trading income and other income 459 — Commodity contracts Investment banking and trading income 3 — Mortgage banking: Interest rate contracts Residential mortgage income (122) (15) Interest rate contracts Commercial real estate related income 2 — MSRs: Interest rate contracts Residential mortgage income 495 54 Interest rate contracts Commercial real estate related income 20 — Total $ 890 $ 51 Credit Derivative Instruments As part of the Company’s corporate investment banking business, the Company enters into contracts that are, in form or substance, written guarantees; specifically, credit default swaps, risk participations and TRS. The Company accounts for these contracts as derivatives. The Company has entered into TRS contracts on loans. The Company’s TRS business consists of matched trades, such that when the Company pays depreciation on one TRS, it receives the same amount on the matched TRS. To mitigate its credit risk, the Company typically receives initial margin from the counterparty upon entering into the TRS and variation margin if the fair value of the underlying reference assets deteriorates. Truist has entered into risk participation agreements to share the credit exposure with other financial institutions on client-related interest rate derivative contracts. Under these agreements, the Company has guaranteed payment to a dealer counterparty in the event the dealer experiences a loss on the derivative, such as an interest rate swap, due to a failure to pay by the client, on that derivative. The Company manages its payment risk on its risk participations by monitoring the creditworthiness of the underlying client through the normal credit review process that the Company would have performed had it entered into a derivative directly with the obligors. At March 31, 2020, the remaining terms on these risk participations ranged from less than one year to 10 years. The potential future exposure represents the Company’s maximum estimated exposure to written risk participations, as measured by projecting a maximum value of the guaranteed derivative instruments based on scenario simulations and assuming 100% default by all obligors on the maximum value. The following table presents additional information related to interest rate derivative risk participation agreements and total return swaps: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Risk participation agreements: Maximum potential amount of exposure $ 410 $ 291 Total return swaps: Cash collateral held 783 653 The following table summarizes collateral positions with counterparties: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Dealer and other counterparties: Cash and other collateral received from counterparties $ 1,467 $ 514 Derivatives in a net gain position secured by collateral received 1,581 615 Unsecured positions in a net gain with counterparties after collateral postings 114 101 Cash collateral posted to dealer counterparties 1,005 1,255 Derivatives in a net loss position secured by collateral received 1,052 1,300 Additional collateral that would have been posted had the Company's credit ratings dropped below investment grade 13 12 Central counterparties clearing: Cash collateral, including initial margin, posted to central clearing parties 220 30 Derivatives in a net loss position 199 31 Derivatives in a net gain position 5 — Securities pledged to central counterparties clearing 663 513

Computation of EPS

Computation of EPS	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Computation of EPS	Computation of EPS Basic and diluted EPS calculations are presented in the following table: Three Months Ended March 31, 2020 2019 Net income available to common shareholders $ 986 $ 749 Weighted average number of common shares 1,344,372 764,135 Effect of dilutive outstanding equity-based awards 13,173 9,936 Weighted average number of diluted common shares 1,357,545 774,071 Basic EPS $ 0.73 $ 0.98 Diluted EPS $ 0.73 $ 0.97 Anti-dilutive awards 1,725 —

Operating Segments

Operating Segments	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Operating Segments	Operating Segments Truist operates and measures business activity across three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings, with functional activities included in Other, Treasury, and Corporate. The Company's business segment structure is based on the manner in which financial information is evaluated by management as well as the products and services provided or the type of client served. For additional information, see Note 21. Operating Segments of the Annual Report on Form 10-K for the year ended December 31, 2019. The following table presents results by segment: Three Months Ended March 31, CB&W C&CB IH 2020 2019 2020 2019 2020 2019 Net interest income (expense) $ 1,860 $ 828 $ 1,534 $ 739 $ 36 $ 34 Net intersegment interest income (expense) 388 193 (194) (105) (11) (11) Segment net interest income 2,248 1,021 1,340 634 25 23 Allocated provision for credit losses 437 131 399 20 1 3 Segment net interest income after provision 1,811 890 941 614 24 20 Noninterest income 1,072 507 460 244 557 515 Noninterest expense 1,993 882 886 315 440 417 Income (loss) before income taxes 890 515 515 543 141 118 Provision (benefit) for income taxes 209 125 92 113 36 30 Segment net income (loss) $ 681 $ 390 $ 423 $ 430 $ 105 $ 88 Identifiable assets (period end) $ 168,356 $ 75,873 $ 203,363 $ 85,911 $ 7,009 $ 6,376 OT&C (1) Total 2020 2019 2020 2019 Net interest income (expense) $ 220 $ 95 $ 3,650 $ 1,696 Net intersegment interest income (expense) (183) (77) — — Segment net interest income 37 18 3,650 1,696 Allocated provision for credit losses 56 1 893 155 Segment net interest income after provision (19) 17 2,757 1,541 Noninterest income (128) (64) 1,961 1,202 Noninterest expense 112 154 3,431 1,768 Income (loss) before income taxes (259) (201) 1,287 975 Provision (benefit) for income taxes (113) (91) 224 177 Segment net income (loss) $ (146) $ (110) $ 1,063 $ 798 Identifiable assets (period end) $ 127,501 $ 59,523 $ 506,229 $ 227,683 (1) Includes financial data from business units below the quantitative and qualitative thresholds requiring disclosure.

Basis of Presentation (Policy)

Basis of Presentation (Policy)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reclassifications	Reclassifications Certain amounts reported in prior periods' consolidated financial statements have been reclassified to conform to the current presentation.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change include the determination of the ACL; determination of fair value for financial instruments; valuation of MSRs; goodwill, intangible assets and other purchase accounting related adjustments; benefit plan obligations and expenses; and tax assets, liabilities and expense.
Investment Securities	Investment Securities The Company invests in various debt securities primarily as a store of liquidity and as part of the overall ALM process to optimize income and market performance over an entire interest rate cycle. Investments in debt securities that are not held for trading purposes are classified as HTM or AFS. Truist does not currently have securities classified as HTM. Interest income on securities is recognized in income on an accrual basis. Premiums and discounts are amortized into interest income using the effective interest method over the contractual life of the security. As prepayments are received, a proportionate amount of the related premium or discount is recognized in income so that the effective interest rate on the remaining portion of the security continues unchanged. Debt securities that may be sold to meet liquidity needs arising from unanticipated deposit and loan fluctuations, changes in regulatory capital requirements or unforeseen changes in market conditions are classified as AFS. AFS securities are reported at estimated fair value, with unrealized gains and losses reported in AOCI, net of deferred income taxes, in the Shareholders' equity section of the Consolidated Balance Sheets. Gains or losses realized from the sale of AFS securities are determined by specific identification and are included in noninterest income. An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis. AFS debt securities in an unrealized loss position are evaluated at the balance sheet date to determine whether such losses are credit-related. Credit losses are measured on an individual basis and recognized in an ACL. Changes in expected credit losses are recognized in the Provision for credit losses in the Consolidated Statements of Income. At March 31, 2020, no ACL was established for AFS securities. Cash flow modeling is used to evaluate non-agency MBS in an unrealized loss position for potential credit impairment. These models give consideration to macroeconomic factors applied to current security default rates, prepayment rates, recovery rates and security-level performance. Municipal securities are evaluated for impairment using a municipal bond credit scoring tool that leverages historical municipal market data to estimate probability of default and loss given default at the issuer level. U.S. Treasury securities, government guaranteed securities, and other securities issued by GSEs are either explicitly or implicitly guaranteed by the US government, are highly rated by rating agencies and have a long history of no credit losses. No expected credit losses have been recorded for these securities.
Loans and Leases	Loans and Leases The Company's accounting methods for loans differ depending on whether the loans are originated or purchased, and if purchased, whether or not the loans reflect credit deterioration since the date of origination such that at the date of acquisition there is more than an insignificant deterioration in credit. Originated Loans and Leases Loans and leases that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balances net of any unearned income, charge-offs, and unamortized fees and costs. The net amount of nonrefundable loan origination fees and certain direct costs associated with the lending process are deferred and amortized to interest income over the contractual lives of the loans using the effective interest method. Purchased Loans Purchased loans are recorded at their fair value at the acquisition date. The estimated fair values incorporate adjustments related to expected credit losses, prevailing market interest rates for comparable assets and liquidity-related adjustments. Fair values for purchased loans are based on a discounted cash flow methodology that considers credit loss expectations, market interest rates and other market factors such as liquidity from the perspective of a market participant. Loans are grouped together according to similar characteristics and treated in the aggregate when applying various valuation techniques. The probability of default, loss given default and prepayment assumptions are the key factors driving credit losses which are embedded into the estimated cash flows. These assumptions are informed by internal data on loan characteristics, historical loss experience, and current and forecasted economic conditions. The interest and liquidity component of the estimate was determined by discounting interest and principal cash flows through the expected life of the underlying loans. The discount rates used for loans are based on current market rates for new originations of comparable loans and include adjustments for liquidity. The discount rates do not include a factor for credit losses as that has been included as a reduction to the estimated cash flows. Beginning January 1, 2020, purchased loans are evaluated upon acquisition and classified as either PCD, which indicates that the loan reflects more-than-insignificant deterioration in credit quality since origination, or non-PCD. Truist considers a variety of factors in connection with the identification of more-than-insignificant deterioration in credit quality, including but not limited to risk grades, delinquency, nonperforming status, previous troubled debt restructurings or bankruptcies and other qualitative factors that indicate deterioration in credit quality since origination. For PCD loans, an initial ALLL is determined using the same methodology as other loans held for investment and recognized as an adjustment to the acquisition price of the asset; thus, the sum of the loans’ purchase price and initial ALLL estimate represents the initial amortized cost basis. The difference between the initial amortized cost basis and the par value is the non-credit discount or premium. For non-PCD loans, the difference between the fair value and the par value is considered the fair value mark. The ALLL for non-PCD loans is recorded with a corresponding charge to the provision for credit losses in the Consolidated Statements of Income. Subsequent changes in the ALLL related to PCD and non-PCD loans are recognized in the provision for credit losses. The non-credit discount or premium related to PCD loans, and the fair value mark on non-PCD loans, is amortized or accreted to interest income over the contractual life of the loans using the effective interest method for amortizing loans, and using a straight-line approach for interest-only loans and loans with revolving privileges. In the event of prepayment, unamortized discounts or premiums are recognized in interest income. TDRs Modifications to a borrower's debt agreement are considered TDRs if a concession is granted for economic or legal reasons related to a borrower's financial difficulties that otherwise would not be considered. TDRs are undertaken in order to improve the likelihood of recovery on the loan and may take the form of modifications made with the stated interest rate lower than the current market rate for new debt with similar risk, other modifications to the structure of the loan that fall outside of normal underwriting policies and procedures, or in certain limited circumstances, forgiveness of principal or interest. A restructuring that results in only a delay in payments that is insignificant is not considered an economic concession. In accordance with the CARES Act, Truist implemented loan modification programs in response to the COVID-19 pandemic in order to provide borrowers with flexibility with respect to repayment terms. These loan modifications are not considered TDRs to the extent that the borrower was impacted by the COVID-19 pandemic and was less than 30 days past due at December 31, 2019, or in certain circumstances, at the time that the COVID-19 loan modification program was implemented, unless the loan was previously classified as a TDR. TDRs can remain nonperforming, move to nonperforming, or continue on performing status, depending on the individual facts and circumstances of the borrower and an evaluation as to whether the borrower will be able to repay the loan based on the modified terms. The evaluation of the borrower's ability to repay the loan is based on a current, well-documented credit analysis. In circumstances where the TDR involves charging off a portion of the loan balance, Truist classifies these TDRs as nonperforming. The decision to maintain a commercial TDR on performing status is based on a current, well documented credit evaluation of the borrower's financial condition and prospects for repayment under the modified terms. This evaluation includes consideration of the borrower's current capacity to pay, which among other things may include a review of the borrower's current financial statements, an analysis of cash flow available to pay debt obligations, and an evaluation of secondary sources of payment from the borrower and any guarantors. This evaluation also includes an evaluation of the borrower's current willingness to pay, which may include a review of past payment history, an evaluation of the borrower's willingness to provide information on a timely basis, and consideration of offers from the borrower to provide additional collateral or guarantor support. The credit evaluation may also include review of cash flow projections, consideration of the adequacy of collateral to cover all principal and interest and trends indicating improving profitability and collectability of receivables. The evaluation of mortgage and retail loans includes an evaluation of the client's debt-to-income ratio, credit report, property value, loan vintage, and certain other client-specific factors that impact their ability to make timely principal and interest payments on the loan. TDR classification may be removed due to the passage of time if the loan: (1) did not include a forgiveness of principal or interest, (2) has performed in accordance with the modified terms (generally a minimum of six months), (3) was reported as a TDR over a year-end reporting period, and (4) reflected an interest rate on the modified loan that was no less than a market rate at the date of modification. TDR classification may also be removed for an accruing loan upon the occurrence of a subsequent non-concessionary modification granted at market terms and within current underwriting guidelines.
NPAs	NPAs NPAs include NPLs and foreclosed property. Foreclosed property consists of real estate and other assets acquired as a result of clients' loan defaults. Truist's policies for placing loans on nonperforming status conform to guidelines prescribed by bank regulatory authorities. Truist classifies loans and leases as past due when the payment of principal and interest based upon contractual terms is greater than 30 days delinquent or if one payment is past due. Payment deferrals as a result of the COVID-19 pandemic do not result in a loan becoming past due. The following table summarizes the delinquency thresholds that are used in evaluating nonperforming classification and the timing of charge-offs: (number of days) Placed on Nonperforming (1) Charged-off Commercial: Commercial and industrial 90 (2) 90 (2) CRE 90 (2) 90 (2) Commercial construction 90 (2) 90 (2) Lease financing 90 (2) 90 (2) Consumer: Residential mortgage (3) 90 to 180 90 to 210 Residential home equity and direct (3) 90 to 120 90 to 180 Indirect auto (3) 90 120 Indirect other (3) 90 to 120 120 to 180 Student (4) NA 120 to 180 Credit card NA 90 to 180 (1) Loans may be returned to performing status when they become current as to both principal and interest and concern no longer exists as to the collectability of principal and interest, generally indicated by 180 days of sustained payment performance. (2) Or when it is probable that principal or interest is not fully collectible, whichever occurs first. (3) Depends on product type, loss mitigation status, status of the government guaranty, if applicable, and certain other product-specific factors. (4) Government guaranteed student loans are not placed on nonperforming status and are generally not charged-off regardless of delinquency status because collection of principal and interest is reasonably assured. When commercial loans are placed on nonperforming status, a charge-off is recorded, as applicable, to decrease the carrying value of such loans to the estimated recoverable amount. Consumer and credit card loans are subject to charge-off at a specified delinquency date consistent with regulatory guidelines. Certain past due loans may remain on performing status if management determines that it does not have concern over the collectability of principal and interest. Generally, when loans are placed on nonperforming status, accrued interest receivable is reversed against interest income in the current period and amortization of deferred loan fees and expenses for originated loans, and fair value marks for purchased loans, is suspended. For commercial loans and certain consumer loans, payments received for interest and lending fees thereafter are applied as a reduction to the remaining principal balance as long as concern exists as to the ultimate collection of the principal. Interest income on nonperforming loans is recognized after the principal has been reduced to zero. If and when borrowers demonstrate the ability to repay a loan classified as nonperforming in accordance with its contractual terms, the loan may be returned to performing status upon meeting all regulatory, accounting and internal policy requirements. Accrued interest is included in Other assets in the Consolidated Balance Sheets. Accrued interest receivable balances are not considered in connection with the ACL estimation process, as such amounts are generally reversed against interest income when the loan is placed in nonperforming status. Assets acquired as a result of foreclosure are subsequently carried at the lower of cost or net realizable value. Net realizable value equals fair value less estimated selling costs. Any excess of cost over net realizable value at the time of foreclosure is charged to the ALLL. NPAs are subject to periodic revaluations of the collateral underlying impaired loans and foreclosed real estate. The periodic revaluations are generally based on the appraised value of the property and may include additional liquidity adjustments based upon the expected retention period. Truist's policies require that valuations be updated at least annually and that upon foreclosure, the valuation must not be more than six months old, otherwise an update is required. Any subsequent changes in value as well as gains or losses from the disposition on these assets are recognized in Other noninterest expense in the Consolidated Statements of Income. For additional information on the Company’s loan and lease activities, see "Note 5. Loans and ACL.”
ACL	ACL The ACL includes the ALLL and RUFC. The ACL represents management's best estimate of expected future credit losses related to loan and lease portfolios and off-balance sheet lending commitments at the balance sheet date. The ALLL is a valuation account that is deducted from or added to the loans’ amortized cost basis to present the net amount expected to be collected on loans. The entire amount of the ACL is available to absorb losses on any loan category or lending-related commitment. Loan or lease balances deemed to be uncollectible are charged off against the ALLL. Expected recoveries of amounts previously charged off are incorporated into the ALLL estimate, with such amounts capped at the aggregate of amounts previously charged off. Changes to the ACL are made by charges to the Provision for credit losses, which is reflected in the Consolidated Statements of Income. The RUFC is recorded in Other liabilities on the Consolidated Balance Sheets. Portfolio segments represent the level at which Truist develops and documents a systematic methodology to determine its ACL. Truist’s loan and lease portfolio consists of three portfolio segments; commercial, consumer and credit card. The expected credit loss models are generally developed one level below the portfolio segment level. In certain instances, loans are further disaggregated by similar risk characteristics, such as business sector, client type, funding type, type of collateral, whether loan payments are interest-only and whether interest rates are fixed or variable. Loans and leases that do not share similar risk characteristics and significant loans that are considered collateral-dependent are individually evaluated. For these loans, the ALLL is determined through review of data specific to the borrower and related collateral, if any. The commercial portfolio segment models use a risk rating approach to estimate the ALLL. The consumer and credit card models use a delinquency-based approach to estimate the ALLL. In addition to these quantitatively calculated components, the ALLL includes qualitatively calculated components. Truist maintains a collectively calculated ALLL for loans with similar risk characteristics. The collectively calculated ALLL is estimated using relevant available information from internal and external sources relating to past events, current conditions, and reasonable and supportable forecasts. Truist maintains quantitative models to forecast expected credit losses. The credit loss forecasting models use portfolio balances, macroeconomic scenarios, portfolio composition and loan attributes as the primary inputs. Historical loss experience provides the basis for the estimation of the ACL and includes periods covering complete economic cycles. The historical loss data is adjusted for loan and lease specific risk characteristics such as differences in environmental conditions. Expected losses are estimated through contractual maturity unless the borrower has a right to renew that is not cancellable or it is reasonably expected that the loan will be modified as a TDR. The Scenario Committee provides guidance, selection, and approval for enterprise-sanctioned macroeconomic scenarios, including the macroeconomic forecasts for use in the ACL process. Forecasted economic conditions are developed using third party macroeconomic scenarios adjusted based on management’s expectations over a reasonable and supportable forecast period of two years. Assumptions revert to long term historic averages gradually over a one year period. Macroeconomic factors used in estimating the expected losses vary by loan portfolio and include employment factors, estimated collateral values and market indicators as described by portfolio segment below. A qualitative allowance which incorporates management’s judgement is also included in the estimation of expected future loan and lease losses. This allowance is used to capture risks in the portfolio such as considerations with respect to the impact of current economic events, the outcomes of which are uncertain. These events may include, but are not limited to, political conditions, legislation that may directly or indirectly affect the banking industry and economic conditions affecting specific geographical areas and industries in which Truist conducts business. Expected credit losses for loans that do not share risk characteristics with other financial assets, or significant loans that are considered collateral-dependent, are calculated on an individual basis. Such estimates may be based on an evaluation of the fair value of the underlying collateral or in certain circumstances the present value of expected cash flows discounted at the loan's effective interest as described further below by portfolio segment. The methodology for determining the RUFC is inherently similar to that used to determine the funded component of the ALLL and is measured over the period there is a contractual obligation to extend credit that is not unconditionally cancellable. The RUFC is adjusted for factors specific to binding commitments, including the probability of funding and exposure at default. The ACL is monitored by the ACL Committee. The ACL Committee recommends adjustments where necessary based on portfolio performance and other items that may impact credit risk and approves the ACL estimate. The following provides a description of accounting policies, methodologies and credit quality indicators related to each of the portfolio segments: Commercial The majority of loans in the commercial lending portfolio are assigned risk ratings based on an assessment of conditions that affect the borrower's ability to meet contractual obligations under the loan agreement. This process includes reviewing borrowers' financial information, historical payment experience, credit documentation, public information, and other information specific to each borrower. Risk ratings are reviewed on an annual basis, or more frequently for many relationships based on the policy requirements regarding various risk characteristics. While this review is largely focused on the borrower's ability to repay the loan, Truist also considers the capacity and willingness of a loan's guarantors to support the loan as a secondary source of repayment. When a guarantor exhibits the documented capacity and willingness to support the loan, Truist may consider extending the loan maturity and/or temporarily deferring principal payments if the ultimate collection of both principal and interest is not in question. In these cases, Truist may determine the loan is not impaired due to the documented capacity and willingness of the guarantor to repay the loan. Loans are considered impaired when the borrower (or guarantor in certain circumstances) does not have the cash flow capacity or willingness to service the debt according to contractual terms, or it does not appear reasonable to assume that the borrower will continue to pay according to the contractual agreement. The following table summarizes risk ratings that Truist uses to monitor credit quality in its commercial portfolio: Risk Rating Description Pass Loans not considered to be problem credits Special Mention Loans that have a potential weakness deserving management's close attention Substandard Loans for which a well-defined weakness has been identified that may put full collection of contractual cash flows at risk Nonperforming Loans for which full collection of principal and interest is not considered probable Loans are generally pooled one level below the portfolio segment for the collectively calculated ALLL based on factors such as business sector, project and property type, line of business, collateral, loan type, obligor exposure, and risk grade or score. Commercial loss forecasting models are expected loss frameworks that use macroeconomic scenarios and current portfolio attributes as inputs. The models forecast probability of default, exposure at default and loss given default. The primary macroeconomic drivers for the commercial portfolios include unemployment, U.S. real GDP, corporate credit spreads, rental rates and property values. Truist's policy is to review and individually evaluate the reserve for all nonperforming lending relationships and TDRs with an outstanding balance of $5 million or more, as such lending relationships do not typically share similar risk characteristics with others. Truist has elected the collateral dependent practical expedient; therefore, individually evaluated reserves are based on current economic forecasts, the present value of expected cash flows discounted at the loan's effective interest rate or the value of collateral, which is generally based on appraisals, recent sales of foreclosed properties and/or relevant property-specific market information. Loans are considered collateral dependent where it is probable that Truist will be unable to collect principal and interest according to the contractual terms of the agreement and repayment is expected to be provided substantially by the sale or continued operation of the underlying collateral. Commercial loans are typically secured by real estate, business equipment, inventories and other types of collateral. Consumer and Credit Card The majority of the ALLL related to the consumer and credit card lending portfolios is calculated on a collective basis. Loans are pooled one level below the portfolio segment for the collectively calculated ALLL based on factors such as collateral, loan type, line of business and sales channel. Consumer portfolio models are expected loss frameworks that use macroeconomic scenarios and current portfolio attributes as inputs. The models forecast probability of default, exposure at default and loss given default. The primary macroeconomic drivers for the consumer portfolios include unemployment trends, home price indices and used car prices. Residential mortgages and revolving home equity lines of credit are generally collateralized by one-to-four-family residential real estate, typically have loan-to-collateral value ratios of 80% or less at origination, and are made to borrowers in good credit standing. The indirect auto and indirect other portfolios include secured indirect installment loans to consumers for the purchase of new and used automobiles, boats and recreational vehicles. The student loan portfolio is composed of securitized government-guaranteed student loans and certain private student loans originated by third parties. The government guarantee mitigates substantially all of the risk related to principal and interest repayment for this component of the portfolio. Private student loans are purchased from third-party originators with credit enhancements that partially mitigate the Company’s credit exposure. The credit card portfolio and other arrangements within the indirect other portfolio are generally unsecured and actively managed. Truist uses performing status to monitor credit quality in its consumer and credit card portfolios. Delinquency status is the primary factor considered in determining whether a loan should be classified as nonperforming. The ALLL for loans classified as a TDR is based on a discounted expected cash flow analyses and a combination of historical experience for TDRs and management judgment. Expected recoveries for consumer and credit card loans are included in the estimation of the ALLL based on historical experience, when a loan returns to accruing status, or when the fair market value of the collateral has increased.
Changes in Accounting Principles and Effects of New Accounting Pronouncements	Changes in Accounting Principles and Effects of New Accounting Pronouncements Standard Description Effects on the Financial Statements Standards Adopted January 1, 2020 Credit Losses Replaces the incurred loss impairment methodology with an expected credit loss methodology and requires consideration of a broader range of information to determine credit loss estimates. Financial assets measured at amortized cost are presented at the net amount expected to be collected by using an allowance for credit losses. Purchased credit deteriorated loans receive an allowance for expected credit losses. Any credit impairment on AFS debt securities for which the fair value is less than cost is recorded through an allowance for expected credit losses. The standard also requires expanded disclosures related to credit losses and asset quality. Truist adopted this standard using the modified retrospective approach. Simplifying the Test for Goodwill Impairment Simplifies the subsequent measurement of goodwill, by eliminating the second step from the goodwill impairment test. The amendments require an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. The standard requires an entity to recognize an impairment charge for the amount by which a reporting unit's carrying amount exceeds its fair value, with the loss limited to the total amount of goodwill allocated to that reporting unit. The standard must be applied on a prospective basis. The standard does not currently have an impact on the Company’s consolidated financial statements; however, if subsequent to adoption, the carrying amount of a reporting unit exceeds its respective fair value, the Company would be required to recognize an impairment charge for the amount that the carrying value exceeds the fair value up to the amount of the goodwill assigned to the reporting unit.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Loans and Leases Past Due Policies	The following table summarizes the delinquency thresholds that are used in evaluating nonperforming classification and the timing of charge-offs: (number of days) Placed on Nonperforming (1) Charged-off Commercial: Commercial and industrial 90 (2) 90 (2) CRE 90 (2) 90 (2) Commercial construction 90 (2) 90 (2) Lease financing 90 (2) 90 (2) Consumer: Residential mortgage (3) 90 to 180 90 to 210 Residential home equity and direct (3) 90 to 120 90 to 180 Indirect auto (3) 90 120 Indirect other (3) 90 to 120 120 to 180 Student (4) NA 120 to 180 Credit card NA 90 to 180 (1) Loans may be returned to performing status when they become current as to both principal and interest and concern no longer exists as to the collectability of principal and interest, generally indicated by 180 days of sustained payment performance. (2) Or when it is probable that principal or interest is not fully collectible, whichever occurs first. (3) Depends on product type, loss mitigation status, status of the government guaranty, if applicable, and certain other product-specific factors. (4) Government guaranteed student loans are not placed on nonperforming status and are generally not charged-off regardless of delinquency status because collection of principal and interest is reasonably assured.
Summary of Commercial Loans and Leases Risk Ratings	The following table summarizes risk ratings that Truist uses to monitor credit quality in its commercial portfolio: Risk Rating Description Pass Loans not considered to be problem credits Special Mention Loans that have a potential weakness deserving management's close attention Substandard Loans for which a well-defined weakness has been identified that may put full collection of contractual cash flows at risk Nonperforming Loans for which full collection of principal and interest is not considered probable
Changes in Accounting Principles and Effects of New Accounting Pronouncements	Changes in Accounting Principles and Effects of New Accounting Pronouncements Standard Description Effects on the Financial Statements Standards Adopted January 1, 2020 Credit Losses Replaces the incurred loss impairment methodology with an expected credit loss methodology and requires consideration of a broader range of information to determine credit loss estimates. Financial assets measured at amortized cost are presented at the net amount expected to be collected by using an allowance for credit losses. Purchased credit deteriorated loans receive an allowance for expected credit losses. Any credit impairment on AFS debt securities for which the fair value is less than cost is recorded through an allowance for expected credit losses. The standard also requires expanded disclosures related to credit losses and asset quality. Truist adopted this standard using the modified retrospective approach. Simplifying the Test for Goodwill Impairment Simplifies the subsequent measurement of goodwill, by eliminating the second step from the goodwill impairment test. The amendments require an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. The standard requires an entity to recognize an impairment charge for the amount by which a reporting unit's carrying amount exceeds its fair value, with the loss limited to the total amount of goodwill allocated to that reporting unit. The standard must be applied on a prospective basis. The standard does not currently have an impact on the Company’s consolidated financial statements; however, if subsequent to adoption, the carrying amount of a reporting unit exceeds its respective fair value, the Company would be required to recognize an impairment charge for the amount that the carrying value exceeds the fair value up to the amount of the goodwill assigned to the reporting unit.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table sets forth a preliminary allocation of Merger consideration to the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed of SunTrust as of December 6, 2019: (Dollars in millions) UPB Fair Value Fair value of Merger consideration $ 33,547 Assets Cash and due from banks 1,621 Interest-bearing deposits with banks 4,668 Securities borrowed or purchased under resale agreements 1,191 Trading assets 5,710 AFS securities 30,986 LHFS 3,741 Loans and leases: Commercial and industrial $ 68,687 67,101 CRE 9,509 9,357 Commercial Construction 2,136 2,096 Commercial Leases 3,967 3,882 Mortgage Loans 28,191 27,180 Home Equity and Direct Lending 15,917 15,628 Indirect Auto 12,373 12,203 Indirect Other 4,678 4,445 Student Lending 6,867 6,657 Credit Card 2,518 2,500 PCI 3,652 3,126 Total loans and leases $ 158,495 154,175 Premises and equipment 1,575 CDI and other intangible assets 2,700 MSRs 1,605 Other assets 13,771 Total assets 221,743 Liabilities and Equity Deposits (170,633) Short-term borrowings (6,837) Long-term debt (19,457) Other liabilities (5,224) Total liabilities (202,151) Noncontrolling interest (108) Less: Net assets 19,484 Goodwill $ 14,063

Securities Financing Activiti_2

Securities Financing Activities (Tables)	3 Months Ended
	Mar. 31, 2020
Offsetting [Abstract]
Schedule of Resale Agreements	The following table presents securities borrowed or purchased under resale agreements: (Dollars in millions) March 31, 2020 December 31, 2019 Securities purchased under resale agreements $ 1,295 $ 986 Securities borrowed 501 431 Total securities borrowed or purchased under resale agreements $ 1,796 $ 1,417
Schedule of Repurchase Agreements	The following table presents the Company’s related activity, by collateral type and remaining contractual maturity: March 31, 2020 December 31, 2019 (Dollars in millions) Overnight and Continuous Up to 30 days Total Overnight and Continuous Up to 30 days 30-90 days Total U.S. Treasury $ 230 $ — $ 230 $ 115 $ 35 $ — $ 150 GSE 171 4 175 87 37 — 124 Agency MBS - residential 575 145 720 928 41 100 1,069 Corporate and other debt securities 192 212 404 310 316 — 626 Total securities sold under agreements to repurchase $ 1,168 $ 361 $ 1,529 $ 1,440 $ 429 $ 100 $ 1,969

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Summary of AFS Securities	The following tables summarize the Company's AFS securities: March 31, 2020 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 2,272 $ 47 $ — $ 2,319 GSE 1,846 87 — 1,933 Agency MBS - residential 69,307 2,468 22 71,753 Agency MBS - commercial 1,489 31 1 1,519 States and political subdivisions 513 34 8 539 Non-agency MBS 185 127 14 298 Other 38 — 1 37 Total AFS securities $ 75,650 $ 2,794 $ 46 $ 78,398 December 31, 2019 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 2,275 $ 7 $ 6 $ 2,276 GSE 1,847 34 — 1,881 Agency MBS - residential 67,983 411 158 68,236 Agency MBS - commercial 1,335 13 7 1,341 States and political subdivisions 557 34 6 585 Non-agency MBS 190 178 — 368 Other 40 — — 40 Total AFS securities $ 74,227 $ 677 $ 177 $ 74,727
Schedule of Amortized Cost and Estimated Fair Value by Contractual Maturity	The amortized cost and estimated fair value of the securities portfolio by contractual maturity are shown in the following table. The expected life of MBS may differ from contractual maturities because borrowers may have the right to prepay their obligations with or without penalties. Amortized Cost Fair Value March 31, 2020 Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years Total Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years Total AFS securities: U.S. Treasury $ 1,381 $ 876 $ 15 $ — $ 2,272 $ 1,399 $ 903 $ 17 $ — $ 2,319 GSE — 1,769 — 77 1,846 — 1,853 — 80 1,933 Agency MBS - residential — 1 556 68,750 69,307 — 1 570 71,182 71,753 Agency MBS - commercial — 2 9 1,478 1,489 — 2 10 1,507 1,519 States and political subdivisions 39 114 151 209 513 39 116 163 221 539 Non-agency MBS — — — 185 185 — — — 298 298 Other 2 6 1 29 38 2 6 1 28 37 Total AFS securities $ 1,422 $ 2,768 $ 732 $ 70,728 $ 75,650 $ 1,440 $ 2,881 $ 761 $ 73,316 $ 78,398
Schedule of Fair Values and Gross Unrealized Losses	The following tables present the fair values and gross unrealized losses of investments based on the length of time that individual securities have been in a continuous unrealized loss position: Less than 12 months 12 months or more Total March 31, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: GSE $ 3 $ — $ — $ — $ 3 $ — Agency MBS - residential 1,147 13 262 9 1,409 22 Agency MBS - commercial 66 — 35 1 101 1 States and political subdivisions 96 1 121 7 217 8 Non-agency MBS 42 14 — — 42 14 Other 36 1 — — 36 1 Total $ 1,390 $ 29 $ 418 $ 17 $ 1,808 $ 46 Less than 12 months 12 months or more Total December 31, 2019 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: U.S. Treasury $ 702 $ 6 $ — $ — $ 702 $ 6 GSE 6 — — — 6 — Agency MBS - residential 20,328 145 1,326 13 21,654 158 Agency MBS - commercial 545 5 124 2 669 7 States and political subdivisions 65 1 144 5 209 6 Total $ 21,646 $ 157 $ 1,594 $ 20 $ 23,240 $ 177
Schedule of Realized Gain (Loss)	The following table presents gross securities gains and losses recognized in earnings: Three Months Ended March 31, 2020 2019 Gross realized gains $ — $ 22 Gross realized losses (2) (22) Securities gains (losses), net $ (2) $ —

Loans and ACL (Tables)

Loans and ACL (Tables)	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Aging Analysis of Past Due Loans and Leases	The following tables present loans and leases HFI by aging category. Government guaranteed loans are not placed on nonaccrual status regardless of delinquency because collection of principal and interest is reasonably assured. Accruing March 31, 2020 Current 30-89 Days Past Due 90 Days Or More Past Due Nonperforming Total Commercial: Commercial and industrial $ 148,451 $ 262 $ 5 $ 443 $ 149,161 CRE 27,505 8 1 18 27,532 Commercial construction 6,612 16 — 2 6,630 Lease financing 5,949 8 — 27 5,984 Consumer: Residential mortgage 51,559 679 610 248 53,096 Residential home equity and direct 27,293 156 10 170 27,629 Indirect auto 24,489 521 11 125 25,146 Indirect other 10,903 74 2 1 10,980 Student 6,110 593 1,068 — 7,771 Credit card 5,202 57 41 — 5,300 Total $ 314,073 $ 2,374 $ 1,748 $ 1,034 $ 319,229 Accruing December 31, 2019 Current 30-89 Days Past Due 90 Days Or More Past Due Nonperforming Total Commercial: Commercial and industrial $ 129,873 $ 94 $ 1 $ 212 $ 130,180 CRE 26,817 5 — 10 26,832 Commercial construction 6,204 1 — — 6,205 Lease financing 6,112 2 — 8 6,122 Consumer: Residential mortgage 50,975 498 543 55 52,071 Residential home equity and direct 26,846 122 9 67 27,044 Indirect auto 23,771 560 11 100 24,442 Indirect other 11,011 85 2 2 11,100 Student 5,905 650 188 — 6,743 Credit card 5,541 56 22 — 5,619 PCI 2,126 140 1,218 — 3,484 Total $ 295,181 $ 2,213 $ 1,994 $ 454 $ 299,842
Schedule of Carrying Amounts by Risk Rating	The following table presents the amortized cost basis of loans by origination year and credit quality indicator: March 31, 2020 Amortized Cost Basis by Origination Year Revolving Credit Loans Converted to Term Other (1) 2020 2019 2018 2017 2016 Prior Total Commercial: Commercial and industrial: Pass $ 7,366 $ 25,371 $ 15,536 $ 9,849 $ 6,598 $ 14,904 $ 66,420 $ 11 $ (843) $ 145,212 Special mention 93 170 161 66 143 101 1,010 — — 1,744 Substandard 53 216 126 74 87 296 926 1 (17) 1,762 Nonperforming 3 52 94 34 48 85 97 1 29 443 Total 7,515 25,809 15,917 10,023 6,876 15,386 68,453 13 (831) 149,161 CRE: Pass 2,013 8,252 6,166 3,479 2,262 4,066 713 — (92) 26,859 Special mention 1 44 102 12 65 115 — — — 339 Substandard 17 94 23 39 29 114 — — — 316 Nonperforming — 2 4 3 — 8 1 — — 18 Total 2,031 8,392 6,295 3,533 2,356 4,303 714 — (92) 27,532 Commercial construction: Pass 342 1,921 2,164 745 153 381 729 1 4 6,440 Special mention — 5 37 — — — — — — 42 Substandard 3 5 35 56 40 4 3 — — 146 Nonperforming — 1 — 1 — — — — — 2 Total 345 1,932 2,236 802 193 385 732 1 4 6,630 Lease financing: Pass 255 1,864 1,154 1,056 381 1,221 — — (44) 5,887 Special mention — 8 3 3 3 — — — — 17 Substandard — 3 — 15 2 33 — — — 53 Nonperforming — — 1 15 2 9 — — — 27 Total 255 1,875 1,158 1,089 388 1,263 — — (44) 5,984 Consumer: Residential mortgage: Performing 1,800 8,480 5,595 6,168 6,985 23,587 — — 233 52,848 Nonperforming — 4 8 7 8 221 — — — 248 Total 1,800 8,484 5,603 6,175 6,993 23,808 — — 233 53,096 Residential home equity and direct: Performing 1,296 4,436 2,164 834 420 789 15,553 1,874 93 27,459 Nonperforming — 4 4 1 1 8 63 94 (5) 170 Total 1,296 4,440 2,168 835 421 797 15,616 1,968 88 27,629 Indirect auto: Performing 2,799 9,725 5,548 3,571 2,070 1,166 — — 142 25,021 Nonperforming — 32 39 29 19 19 — — (13) 125 Total 2,799 9,757 5,587 3,600 2,089 1,185 — — 129 25,146 Indirect other: Performing 1,027 4,319 2,587 1,294 676 1,009 — — 67 10,979 Nonperforming — — — — — 1 — — — 1 Total 1,027 4,319 2,587 1,294 676 1,010 — — 67 10,980 Student: Performing 21 122 110 91 75 7,357 — — (5) 7,771 Nonperforming — — — — — — — — — — Total 21 122 110 91 75 7,357 — — (5) 7,771 Credit card — — — — — — 5,268 35 (3) 5,300 Total $ 17,089 $ 65,130 $ 41,661 $ 27,442 $ 20,067 $ 55,494 $ 90,783 $ 2,017 $ (454) $ 319,229 (1) Includes certain deferred fees and costs, unapplied payments and other adjustments. The following table presents the carrying amount of loans by risk rating and performing status. Student loans are excluded as there is nominal risk of credit loss due to government guarantees or other credit enhancements. PCI loans were excluded because their related ALLL is determined by loan pool performance, and credit card loans were excluded as these loans are charged-off rather than reclassifying these loans to nonperforming: December 31, 2019 (Dollars in millions) Commercial & Industrial CRE Commercial Construction Lease Financing Commercial: Pass $ 127,229 $ 26,393 $ 6,037 $ 6,039 Special mention 1,264 145 37 19 Substandard 1,475 284 131 56 Nonperforming 212 10 — 8 Total $ 130,180 $ 26,832 $ 6,205 $ 6,122 December 31, 2019 Residential Mortgage Residential home equity and direct Indirect auto Indirect Other Consumer: Performing $ 52,016 $ 26,977 $ 24,342 $ 11,098 Nonperforming 55 67 100 2 Total $ 52,071 $ 27,044 $ 24,442 $ 11,100
Summary of Allowance for Credit Losses	The following tables present activity in the ACL: (Dollars in millions) Balance at Jan 1, 2019 Charge-Offs Recoveries Provision (Benefit) Other Balance at Mar 31, 2019 Commercial: Commercial and industrial $ 546 $ (17) $ 6 $ 13 $ — $ 548 CRE 142 (8) — 18 — 152 Commercial construction 48 — 1 (5) — 44 Lease financing 11 (1) — 1 — 11 Consumer: Residential mortgage 232 (5) 1 (3) — 225 Residential home equity and direct 104 (20) 6 13 — 103 Indirect auto 298 (92) 13 81 — 300 Indirect other 58 (17) 4 13 — 58 Credit card 110 (24) 6 20 — 112 PCI 9 — — (1) — 8 ALLL 1,558 (184) 37 150 — 1,561 RUFC 93 — — 5 — 98 ACL $ 1,651 $ (184) $ 37 $ 155 $ — $ 1,659 (Dollars in millions) Balance at Jan 1, 2020 (1) Charge-Offs Recoveries Provision (Benefit) Other (2) Balance at Mar 31, 2020 Commercial: Commercial and industrial $ 560 $ (39) $ 17 $ 371 $ 904 1,813 CRE 150 (1) — 68 82 299 Commercial construction 52 (3) 1 22 16 88 Lease financing 10 (2) — (23) 94 79 Consumer: Residential mortgage 176 (11) 2 (4) 264 427 Residential home equity and direct 107 (68) 15 102 451 607 Indirect auto 304 (142) 23 189 818 1,192 Indirect other 60 (18) 7 12 152 213 Student — (8) — 34 120 146 Credit card 122 (53) 8 95 175 347 PCI 8 — — — (8) — ALLL 1,549 (345) 73 866 3,068 5,211 RUFC 340 — — 27 33 400 ACL $ 1,889 $ (345) $ 73 $ 893 $ 3,101 $ 5,611 (1) Balance is prior to the adoption of CECL. (2) Other activity includes the adoption of CECL, the ALLL for PCD acquisitions and other activity.
Summary of purchased student loans with credit deterioration at acquisition	The following table provides a summary of purchased student loans with credit deterioration at acquisition: Three Months Ended March 31, 2020 Par value $ 242 ALLL at acquisition (3) Non-credit premium (discount) 1 Purchase price $ 240
Summary of nonperforming loans, excluding LHFS	The following table provides a summary of nonperforming loans, excluding LHFS. Interest income recognized on nonperforming loans HFI was $8 million for the three months ended March 31, 2020. Recorded Investment Three Months Ended March 31, 2020 Without an ALLL With an ALLL Commercial: Commercial and industrial $ 136 $ 307 CRE 1 17 Commercial construction — 2 Lease financing 15 12 Consumer: Residential mortgage 3 245 Residential home equity and direct 1 169 Indirect auto — 125 Indirect other — 1 Total $ 156 $ 878
Schedule of Loans Individually Evaluated for Impairment	The following table sets forth certain information regarding impaired loans, excluding PCI and LHFS, that were individually evaluated for impairment. This table excludes guaranteed student loans and guaranteed residential mortgages for which there was nominal risk of principal loss due to the government guarantee or other credit enhancements. UPB Recorded Investment Related ALLL Average Recorded Investment Interest Income Recognized As of / For The Year Ended December 31, 2019 Without an ALLL With an ALLL Commercial: Commercial and industrial $ 339 $ 124 $ 167 $ 20 $ 298 $ 6 CRE 29 3 26 2 71 1 Commercial construction 39 — 38 7 5 — Lease financing 18 7 2 — 2 — Consumer: Residential mortgage 650 92 527 42 799 34 Residential home equity and direct 76 24 37 5 65 3 Indirect auto 367 9 349 64 334 53 Indirect other 5 — 5 1 4 — Credit card 31 — 31 12 28 1 Total $ 1,554 $ 259 $ 1,182 $ 153 $ 1,606 $ 98
Schedule of Performing and Nonperforming TDRs	TDRs The following table presents a summary of TDRs: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Performing TDRs: Commercial: Commercial and industrial $ 65 $ 47 CRE 7 6 Commercial construction 36 37 Lease financing 1 — Consumer: Residential mortgage 513 470 Residential home equity and direct 66 51 Indirect auto 350 333 Indirect other 5 5 Student 1 — Credit card 35 31 Total performing TDRs 1,079 980 Nonperforming TDRs 121 82 Total TDRs $ 1,200 $ 1,062 ALLL attributable to TDRs $ 159 $ 132
Summary Of Primary Reason Loan Modifications Were Classified as TDRs	The primary reason loan modifications were classified as TDRs is summarized below. Balances represent the recorded investment at the end of the quarter in which the modification was made. Rate modifications consist of TDRs made with below market interest rates, including those that also have modifications of loan structures. As of / for the Three Months Ended March 31, 2020 Type of Modification Prior Quarter Loan Balance ALLL at Period End Rate Structure Newly designated TDRs: Commercial: Commercial and industrial $ 28 $ 3 $ 36 $ 2 CRE 1 — 1 — Lease financing 1 — 1 — Consumer: Residential mortgage 77 15 94 5 Residential home equity and direct 17 5 23 1 Indirect auto 56 14 73 5 Indirect other 1 — 1 — Student — 1 1 — Credit card 10 — 10 3 Re-modification of previously designated TDRs 18 1 As of / for the Three Months Ended March 31, 2019 Type of Modification Prior Quarter Loan Balance ALLL at Period End Rate Structure Newly designated TDRs: Commercial: Commercial and industrial $ 26 $ 3 $ 19 $ 3 CRE 1 — 3 — Consumer: Residential mortgage 73 8 75 6 Residential home equity and direct 3 1 3 1 Indirect auto 47 1 51 11 Indirect other 1 — 1 — Credit card 6 — 6 3 Re-modification of previously designated TDRs 23 5
Selected Information About Nonperforming Assets	The following table presents a summary of nonperforming assets and residential mortgage loans in the process of foreclosure: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Nonperforming loans and leases HFI (1) $ 1,034 $ 454 Nonperforming LHFS 41 107 Foreclosed real estate 63 82 Other foreclosed property 39 41 Total nonperforming assets $ 1,177 $ 684 Residential mortgage loans in the process of foreclosure $ 300 $ 409
Selected Information About Loans And Leases Unearned	The following table presents additional information about loans and leases: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Unearned income, discounts and net deferred loan fees and costs, excluding PCI $ 3,140 $ 4,069

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amounts of Goodwill Attributable to Operating Segments	(Dollars in millions) CB&W C&CB IH Total Goodwill, January 1, 2019 $ 3,906 $ 3,938 $ 1,974 $ 9,818 Mergers and acquisitions 10,134 4,187 21 14,342 Adjustments — — (6) (6) Goodwill, December 31, 2019 $ 14,040 $ 8,125 $ 1,989 $ 24,154 Mergers and acquisitions — — 31 31 Adjustments 1,483 (1,741) — (258) Goodwill, March 31, 2020 $ 15,523 $ 6,384 $ 2,020 $ 23,927
Identifiable Intangible Assets Subject to Amortization	The following table, which excludes fully amortized intangibles, presents information for identifiable intangible assets: Weighted Average Remaining Amortization Period March 31, 2020 December 31, 2019 (Dollars in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount CDI 9.3 years $ 2,599 $ (485) $ 2,114 $ 2,474 $ (365) $ 2,109 Other, primarily client relationship intangibles 11.2 1,873 (819) 1,054 1,808 (775) 1,033 Total $ 4,472 $ (1,304) $ 3,168 $ 4,282 $ (1,140) $ 3,142

Loan Servicing (Tables)

Loan Servicing (Tables)	3 Months Ended
	Mar. 31, 2020
Transfers and Servicing [Abstract]
Summary of Residential Mortgage Banking Activities	The following tables summarize residential mortgage servicing activities: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 UPB of residential mortgage loan servicing portfolio $ 276,304 $ 279,558 UPB of residential mortgage loans serviced for others, primarily agency conforming fixed rate 219,979 219,347 Mortgage loans sold with recourse 395 371 Maximum recourse exposure from mortgage loans sold with recourse liability 241 212 Indemnification, recourse and repurchase reserves 66 44 As of / For the Three Months Ended March 31, 2020 2019 UPB of residential mortgage loans sold from LHFS $ 12,669 $ 1,300 Pre-tax gains recognized on mortgage loans sold and held for sale 188 17 Servicing fees recognized from mortgage loans serviced for others 169 61 Approximate weighted average servicing fee on the outstanding balance of residential mortgage loans serviced for others 0.31 % 0.28 % Weighted average interest rate on mortgage loans serviced for others 4.02 4.06
Analysis of Activity in Residential MSRs	The following table presents a roll forward of the carrying value of residential MSRs recorded at fair value: Three Months Ended March 31, 2020 2019 Residential MSRs, carrying value, January 1 $ 2,371 $ 957 Other additions 178 15 Change in fair value due to changes in valuation inputs or assumptions: Prepayment speeds (522) (55) OAS 45 4 Servicing costs — — Realization of expected net servicing cash flows, passage of time and other (148) (33) Residential MSRs, carrying value, March 31 $ 1,924 $ 888
Residential MSRs Sensitivity	The sensitivity of the fair value of the Company's residential MSRs to changes in key assumptions is presented in the following table: March 31, 2020 December 31, 2019 Range Weighted Average Range Weighted Average (Dollars in millions) Min Max Min Max Prepayment speed 9.4 % 19.0 % 11.2 % 8.4 % 18.6 % 9.6 % Effect on fair value of a 10% increase $ (104) $ (102) Effect on fair value of a 20% increase (198) (195) OAS 2.8 % 12.8 % 5.9 % 4.0 % 13.5 % 6.7 % Effect on fair value of a 10% increase $ (39) $ (54) Effect on fair value of a 20% increase (76) (106) Composition of loans serviced for others: Fixed-rate residential mortgage loans 98.6 % 98.5 % Adjustable-rate residential mortgage loans 1.4 1.5 Total 100.0 % 100.0 % Weighted average life 4.3 years 5.4 years
Summary of Commercial Mortgage Banking Activities	The following table summarizes commercial mortgage servicing activities for the periods presented: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 UPB of CRE mortgages serviced for others $ 71,391 $ 70,404 CRE mortgages serviced for others covered by recourse provisions 8,592 8,676 Maximum recourse exposure from CRE mortgages sold with recourse liability 2,490 2,479 Recorded reserves related to recourse exposure 18 13 CRE mortgages originated during the year-to-date period 1,271 8,062 Commercial MSRs at fair value 226 247

Other Assets and Liabilites (Ta

Other Assets and Liabilites (Tables)	3 Months Ended
	Mar. 31, 2020
Other Assets and Liabilities
Lessee, Operating Lease, Liability, Maturity	The following table presents additional information on leases, and excludes assets related to the lease financing businesses: March 31, 2020 Operating Leases Finance Leases ROU assets $ 1,773 $ 43 Maturities of lease liabilities: 2020 $ 334 $ 10 2021 382 11 2022 337 11 2023 284 7 2024 237 5 2025 78 1 Thereafter 671 12 Total lease payments 2,323 57 Less: imputed interest 244 6 Total lease liabilities $ 2,079 $ 51 Weighted average remaining term 7.5 years 7.4 years Weighted average discount rate 2.6 % 4.1 % Three Months Ended March 31, 2020 2019 Operating lease costs $ 96 $ 49
Schedule of Assets Held Under Operating Leases and Related Activities	The following table presents a summary of assets under operating leases and activity related to assets under operating leases. This table excludes subleases on assets included in premises and equipment. (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Assets held under operating leases (1) $ 2,126 $ 2,236 Accumulated depreciation (443) (391) Net $ 1,683 $ 1,845 (1) Includes certain land parcels subject to operating leases that have indefinite lives.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Summary of Cash Dividends Declared per Share	The following table presents the dividends declared related to common stock. For information related to preferred stock dividends, see Note12. Shareholders’ Equity of the Annual Report on Form 10-K for the year ended December 31, 2019. Three Months Ended March 31, 2020 2019 Cash dividends declared per share $ 0.450 $ 0.405

AOCI (Tables)

AOCI (Tables)	3 Months Ended
	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Changes in AOCI	AOCI includes the after-tax change in unrecognized net costs related to defined benefit pension and OPEB plans as well as unrealized gains and losses on cash flow hedges and AFS securities. Three Months Ended March 31, 2020 and 2019 Pension and OPEB Costs Cash Flow Hedges AFS Securities Other, net Total AOCI balance, January 1, 2019 $ (1,164) $ (31) $ (500) $ (20) $ (1,715) OCI before reclassifications, net of tax — (30) 314 2 286 Amounts reclassified from AOCI: Before tax 23 (5) (6) — 12 Tax effect 6 (1) (1) — 4 Amounts reclassified, net of tax 17 (4) (5) — 8 Total OCI, net of tax 17 (34) 309 2 294 AOCI balance, March 31, 2019 $ (1,147) $ (65) $ (191) $ (18) $ (1,421) AOCI balance, January 1, 2020 $ (1,122) $ (101) $ 380 $ (1) $ (844) OCI before reclassifications, net of tax — — 1,690 (5) 1,685 Amounts reclassified from AOCI: Before tax 20 15 41 — 76 Tax effect 5 4 10 — 19 Amounts reclassified, net of tax 15 11 31 — 57 Total OCI, net of tax 15 11 1,721 (5) 1,742 AOCI balance, March 31, 2020 $ (1,107) $ (90) $ 2,101 $ (6) $ 898 Primary income statement location of amounts reclassified from AOCI Other expense Net interest income Net interest income Net interest income

Benefit Plans (Tables)

Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	The components of net periodic benefit cost for defined benefit pension plans are summarized in the following table: Three Months Ended March 31, Location 2020 2019 Service cost Personnel expense $ 118 $ 54 Interest cost Other expense 78 57 Estimated return on plan assets Other expense (216) (113) Amortization and other Other expense 19 25 Net periodic benefit cost $ (1) $ 23

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments and Contingencies	The following table summarizes certain tax credit, private equity, and certain other equity method investments. (Dollars in millions) Balance Sheet Location Mar 31, 2020 Dec 31, 2019 Investments in affordable housing projects: Carrying amount Other assets $ 3,776 $ 3,684 Amount of future funding commitments included in carrying amount Other liabilities 1,154 1,271 Lending exposure 540 647 Renewable energy investments: Carrying amount Other assets 107 81 Amount of future funding commitments not included in carrying amount N/A 211 246 Private equity and certain other equity method investments: Carrying amount Other assets 1,597 1,556 Amount of future funding commitments not included in carrying amount N/A 378 331
Summary of Income Tax Contingencies	The following table presents a summary of tax credits and amortization associated with the Company's tax credit investment activity: Three Months Ended March 31, Income Statement Location 2020 2019 Tax credits: Investments in affordable housing projects Provision for income taxes $ 117 $ 79 Other community development investments Provision for income taxes 22 — Amortization and other changes in carrying amount: Investments in affordable housing projects Provision for income taxes $ 114 $ 69 Other community development investments Other noninterest income 20 — Renewable energy investments Other noninterest income — —
Schedule of Off-Balance Sheet	The following is a summary of selected notional amounts of off-balance sheet financial instruments: (Dollars in millions) March 31, 2020 December 31, 2019 Commitments to extend, originate or purchase credit $ 159,924 $ 177,598 Residential mortgage loans sold with recourse 395 371 CRE mortgages serviced for others covered by recourse provisions 8,592 8,676 Letters of credit 5,050 5,181
Schedule of Pledged Assets	The following table provides the total carrying amount of pledged assets by asset type. (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Pledged securities $ 10,404 $ 11,283 Pledged loans: FRB 71,786 30,238 FHLB 79,009 80,816 Unused borrowing capacity: FRB 49,652 21,169 FHLB 21,677 37,303

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present fair value information for assets and liabilities measured at fair value on a recurring basis: March 31, 2020 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 630 $ — $ 630 $ — $ — GSE 343 — 343 — — Agency MBS - residential 601 — 601 — — Agency MBS - commercial 58 — 58 — — States and political subdivisions 43 — 43 — — Corporate and other debt securities 536 — 536 — — Loans 1,569 — 1,569 — — Other 83 78 5 — — Total trading assets 3,863 78 3,785 — — AFS securities: U.S. Treasury 2,319 — 2,319 — — GSE 1,933 — 1,933 — — Agency MBS - residential 71,753 — 71,753 — — Agency MBS - commercial 1,519 — 1,519 — — States and political subdivisions 539 — 539 — — Non-agency MBS 298 — — 298 — Other 37 — 37 — — Total AFS securities 78,398 — 78,100 298 — LHFS at fair value 3,655 — 3,655 — — MSRs at fair value 2,150 — — 2,150 — Other assets: Derivative assets 4,040 548 6,746 177 (3,431) Equity securities 641 603 38 — — Private equity investments 448 — — 448 — Total assets $ 93,195 $ 1,229 $ 92,324 $ 3,073 $ (3,431) Liabilities: Derivative liabilities $ 764 $ 674 $ 3,234 $ 34 $ (3,178) Securities sold short 1,085 — 1,085 — — Total liabilities $ 1,849 $ 674 $ 4,319 $ 34 $ (3,178) December 31, 2019 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 227 $ — $ 227 $ — $ — GSE 296 — 296 — — Agency MBS - residential 497 — 497 — — Agency MBS - commercial 68 — 68 — — States and political subdivisions 82 — 82 — — Non-agency MBS 277 — 277 — — Corporate and other debt securities 1,204 — 1,204 — — Loans 2,948 — 2,948 — — Other 134 90 44 — — Total trading assets 5,733 90 5,643 — — AFS securities: U.S. Treasury 2,276 — 2,276 — — GSE 1,881 — 1,881 — — Agency MBS - residential 68,236 — 68,236 — — Agency MBS - commercial 1,341 — 1,341 — — States and political subdivisions 585 — 585 — — Non-agency MBS 368 — — 368 — Other 40 — 40 — — Total AFS securities 74,727 — 74,359 368 — LHFS 5,673 — 5,673 — — MSRs 2,618 — — 2,618 — Other assets: Derivative assets 2,053 606 3,620 34 (2,207) Equity securities 817 815 2 — — Private equity investments 440 — — 440 — Total assets $ 92,061 $ 1,511 $ 89,297 $ 3,460 $ (2,207) Liabilities: Derivative liabilities $ 366 $ 204 $ 3,117 $ 15 $ (2,970) Securities sold short 1,074 18 1,056 — — Total liabilities $ 1,440 $ 222 $ 4,173 $ 15 $ (2,970) (1) Refer to "Note 15. Derivative Financial Instruments" for additional discussion on netting adjustments.
Rollforward of Level 3 Assets and Liabilities	Activity for Level 3 assets and liabilities is summarized below: Three Months Ended Trading Securities Non-agency MBS MSRs Net Derivatives Private Equity Investments Balance at January 1, 2019 $ 3 $ 391 $ 1,108 $ 12 $ 393 Total realized and unrealized gains (losses): Included in earnings — 2 (54) 8 23 Included in unrealized net holding gains (losses) in OCI — 1 — — — Purchases 15 — — — 7 Issuances — — 22 17 — Sales (7) — — — (33) Settlements — (8) (40) (30) (2) Balance at March 31, 2019 $ 11 $ 386 $ 1,036 $ 7 $ 388 Balance at January 1, 2020 $ — $ 368 $ 2,618 $ 19 $ 440 Total realized and unrealized gains (losses): Included in earnings — 3 (526) 111 2 Included in unrealized net holding gains (losses) in OCI — (64) — — — Purchases — — — — 27 Issuances — — 187 155 — Sales — — — — — Settlements — (9) (129) (142) (21) Balance at March 31, 2020 $ — $ 298 $ 2,150 $ 143 $ 448 Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held at March 31, 2020 $ — $ 3 $ (526) $ 154 $ — Primary income statement location of realized gains (losses) included in earnings Interest income Interest income Residential mortgage income and Commercial real estate related income Residential mortgage income and Commercial real estate related income Other income
Fair Value and UPB of LHFS	The following table details the fair value and UPB of LHFS that were elected to be measured at fair value. Trading loans, included in other trading assets, were also elected to be measured at fair value. March 31, 2020 December 31, 2019 (Dollars in millions) Fair Value UPB Difference Fair Value UPB Difference Trading loans $ 1,569 $ 1,891 $ (322) $ 2,948 $ 2,982 $ (34) LHFS at fair value 3,655 3,485 170 5,673 5,563 110
Assets Measured at Fair Value on a Nonrecurring Basis	The following table provides information about certain assets measured at fair value on a nonrecurring basis. The carrying values represent end of period values, which approximate the fair value measurements that occurred on the various measurement dates throughout the period. The valuation adjustments represent the amounts recorded during the period regardless of whether the asset is still held at period end. These assets are considered to be Level 3 assets (excludes PCI). 2020 2019 As of / For The Three Months Ended March 31, Carrying Value Valuation Adjustments Carrying Value Valuation Adjustments LHFS $ 427 $ (25) $ — $ — Loans and leases 101 (7) 154 (18) Foreclosed real estate 63 (73) 33 (63)
Carrying Amounts and Fair Value of Financial Assets and Liabilities Not Recorded at Fair Value	Financial assets and liabilities not recorded at fair value are summarized below: March 31, 2020 December 31, 2019 (Dollars in millions) Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Loans and leases HFI, net of ALLL Level 3 $ 314,018 $ 314,838 $ 298,293 $ 298,586 Financial liabilities: Time deposits Level 2 35,539 35,821 35,896 35,885 Long-term debt Level 2 65,662 64,998 41,339 42,051

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the gross notional amounts and estimated fair value of derivative instruments employed by the Company. Truist held no cash flow hedges as of March 31, 2020 and December 31, 2019. March 31, 2020 December 31, 2019 Notional Amount Fair Value Notional Amount Fair Value (Dollars in millions) Assets Liabilities Assets Liabilities Fair value hedges: Interest rate contracts: Swaps hedging long-term debt $ 23,701 $ 577 $ — $ 23,701 $ 113 $ (25) Options hedging long-term debt 3,407 — (5) 3,407 — (2) Swaps hedging commercial loans 44 — — 44 — — Total 27,152 577 (5) 27,152 113 (27) Not designated as hedges: Client-related and other risk management: Interest rate contracts: Swaps 150,165 4,029 (1,026) 144,473 1,817 (673) Options 24,997 59 (23) 25,938 28 (19) Forward commitments 10,902 140 (147) 7,907 6 (7) Other 2,483 — — 1,807 — — Equity contracts 39,452 1,483 (1,781) 38,426 1,988 (2,307) Credit contracts: Loans and leases 1,179 18 (22) 894 — (34) Risk participation agreements 6,829 — (9) 6,696 — (2) Total return swaps 1,924 318 (4) 2,531 27 (11) Trading 677 5 (5) — — — Foreign exchange contracts 13,192 242 (259) 12,986 144 (164) Commodity 2,800 346 (342) 2,659 67 (65) Total 254,600 6,640 (3,618) 244,317 4,077 (3,282) Mortgage banking: Interest rate contracts: Swaps 300 — — 535 — — Interest rate lock commitments 7,605 177 (22) 4,427 34 (2) When issued securities, forward rate agreements and forward commitments 10,855 27 (224) 11,997 10 (18) Other 668 6 — 603 2 — Total 19,428 210 (246) 17,562 46 (20) MSRs: Interest rate contracts: Swaps 21,142 — — 19,196 — — Options 1,684 15 (19) 1,519 22 (2) When issued securities, forward rate agreements and forward commitments 1,224 29 (54) 5,560 2 (5) Other 739 — — 567 — — Total 24,789 44 (73) 26,842 24 (7) Total derivatives not designated as hedges 298,817 6,894 (3,937) 288,721 4,147 (3,309) Total derivatives $ 325,969 7,471 (3,942) $ 315,873 4,260 (3,336) Gross amounts in the Consolidated Balance Sheets: Amounts subject to master netting arrangements (1,988) 1,988 (1,708) 1,708 Cash collateral (received) posted for amounts subject to master netting arrangements (1,443) 1,190 (499) 1,262 Net amount $ 4,040 $ (764) $ 2,053 $ (366)
Netting of Financial Instruments - Derivatives	The following table presents the offsetting of derivative instruments including financial instrument collateral related to legally enforceable master netting agreements and amounts held or pledged as collateral. U.S. GAAP does not permit netting of non-cash collateral balances in the consolidated balance sheet: March 31, 2020 Gross Amount Net Amount Presented in the Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 6,333 $ (2,897) $ 3,436 $ (24) $ 3,412 Derivatives not subject to master netting arrangement or similar arrangement 590 — 590 (1) 589 Exchange traded derivatives 548 (534) 14 — 14 Total derivative assets $ 7,471 $ (3,431) $ 4,040 $ (25) $ 4,015 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (3,100) $ 2,644 $ (456) $ 3 $ (453) Derivatives not subject to master netting arrangement or similar arrangement (168) — (168) 13 (155) Exchange traded derivatives (674) 534 (140) — (140) Total derivative liabilities $ (3,942) $ 3,178 $ (764) $ 16 $ (748) December 31, 2019 Gross Amount Net Amount Presented in the Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 3,516 $ (2,003) $ 1,513 $ (17) $ 1,496 Derivatives not subject to master netting arrangement or similar arrangement 138 — 138 (1) 137 Exchange traded derivatives 606 (204) 402 — 402 Total derivative assets $ 4,260 $ (2,207) $ 2,053 $ (18) $ 2,035 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (2,939) $ 2,761 $ (178) $ 22 $ (156) Derivatives not subject to master netting arrangement or similar arrangement (193) 5 (188) 11 (177) Exchange traded derivatives (204) 204 — — — Total derivative liabilities $ (3,336) $ 2,970 $ (366) $ 33 $ (333)
Schedule of Fair Value Hedging Basis Adjustments	The following table presents the carrying value of hedged items in fair value hedging relationships: March 31, 2020 December 31, 2019 Hedge Basis Adjustment Hedge Basis Adjustment (Dollars in millions) Hedged Asset / Liability Basis Items Currently Designated Items No Longer Designated Hedged Asset / Liability Basis Items Currently Designated Items No Longer Designated AFS securities $ 433 $ — $ 56 $ 473 $ — $ 65 Loans and leases 518 6 14 528 3 15 Long-term debt 29,980 1,098 22 28,557 174 23
Impact of Derivatives on the Consolidated Statements of Income and Comprehensive Income	The following table presents pre-tax gain (loss) recognized in income for derivative instruments not designated as hedges: Three Months Ended March 31, (Dollars in millions) Income Statement Location 2020 2019 Client-related and other risk management: Interest rate contracts Investment banking and trading income and other income $ (64) $ 10 Foreign exchange contracts Investment banking and trading income 107 2 Equity contracts Investment banking and trading income and other income (10) — Credit contracts Investment banking and trading income and other income 459 — Commodity contracts Investment banking and trading income 3 — Mortgage banking: Interest rate contracts Residential mortgage income (122) (15) Interest rate contracts Commercial real estate related income 2 — MSRs: Interest rate contracts Residential mortgage income 495 54 Interest rate contracts Commercial real estate related income 20 — Total $ 890 $ 51
Derivatives Credit Risk - Risk Participation Agreements	The following table presents additional information related to interest rate derivative risk participation agreements and total return swaps: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Risk participation agreements: Maximum potential amount of exposure $ 410 $ 291 Total return swaps: Cash collateral held 783 653
Schedule of Derivative Instruments Summary of Collateral Positions with Counterparties	The following table summarizes collateral positions with counterparties: (Dollars in millions) Mar 31, 2020 Dec 31, 2019 Dealer and other counterparties: Cash and other collateral received from counterparties $ 1,467 $ 514 Derivatives in a net gain position secured by collateral received 1,581 615 Unsecured positions in a net gain with counterparties after collateral postings 114 101 Cash collateral posted to dealer counterparties 1,005 1,255 Derivatives in a net loss position secured by collateral received 1,052 1,300 Additional collateral that would have been posted had the Company's credit ratings dropped below investment grade 13 12 Central counterparties clearing: Cash collateral, including initial margin, posted to central clearing parties 220 30 Derivatives in a net loss position 199 31 Derivatives in a net gain position 5 — Securities pledged to central counterparties clearing 663 513

Computation of EPS (Tables)

Computation of EPS (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Basic and Diluted EPS	Basic and diluted EPS calculations are presented in the following table: Three Months Ended March 31, 2020 2019 Net income available to common shareholders $ 986 $ 749 Weighted average number of common shares 1,344,372 764,135 Effect of dilutive outstanding equity-based awards 13,173 9,936 Weighted average number of diluted common shares 1,357,545 774,071 Basic EPS $ 0.73 $ 0.98 Diluted EPS $ 0.73 $ 0.97 Anti-dilutive awards 1,725 —

Operating Segments (Tables)

Operating Segments (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents results by segment: Three Months Ended March 31, CB&W C&CB IH 2020 2019 2020 2019 2020 2019 Net interest income (expense) $ 1,860 $ 828 $ 1,534 $ 739 $ 36 $ 34 Net intersegment interest income (expense) 388 193 (194) (105) (11) (11) Segment net interest income 2,248 1,021 1,340 634 25 23 Allocated provision for credit losses 437 131 399 20 1 3 Segment net interest income after provision 1,811 890 941 614 24 20 Noninterest income 1,072 507 460 244 557 515 Noninterest expense 1,993 882 886 315 440 417 Income (loss) before income taxes 890 515 515 543 141 118 Provision (benefit) for income taxes 209 125 92 113 36 30 Segment net income (loss) $ 681 $ 390 $ 423 $ 430 $ 105 $ 88 Identifiable assets (period end) $ 168,356 $ 75,873 $ 203,363 $ 85,911 $ 7,009 $ 6,376 OT&C (1) Total 2020 2019 2020 2019 Net interest income (expense) $ 220 $ 95 $ 3,650 $ 1,696 Net intersegment interest income (expense) (183) (77) — — Segment net interest income 37 18 3,650 1,696 Allocated provision for credit losses 56 1 893 155 Segment net interest income after provision (19) 17 2,757 1,541 Noninterest income (128) (64) 1,961 1,202 Noninterest expense 112 154 3,431 1,768 Income (loss) before income taxes (259) (201) 1,287 975 Provision (benefit) for income taxes (113) (91) 224 177 Segment net income (loss) $ (146) $ (110) $ 1,063 $ 798 Identifiable assets (period end) $ 127,501 $ 59,523 $ 506,229 $ 227,683 (1) Includes financial data from business units below the quantitative and qualitative thresholds requiring disclosure.

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - CECL impact on Allowance for Credit Losses $ in Millions	Jan. 01, 2020USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Loan and Lease Losses, Period Increase (Decrease)	$ 3,100
PCD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Loan and Lease Losses, Period Increase (Decrease)	378
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in Retained Earnings	$ 2,100

Basis of Presentation -Summary

Basis of Presentation -Summary of Loans and Leases Policies (Details)	3 Months Ended
	Mar. 31, 2020
Commercial: | Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days
Threshold Period Past Due for Charge-off of Loans	90 days
Commercial: | CRE
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days
Threshold Period Past Due for Charge-off of Loans	90 days
Commercial: | Commercial construction
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days
Threshold Period Past Due for Charge-off of Loans	90 days
Commercial: | Lease financing
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days
Threshold Period Past Due for Charge-off of Loans	90 days
Consumer: | Residential Mortgage | Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days
Threshold Period Past Due for Charge-off of Loans	90 days
Consumer: | Residential Mortgage | Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	180 days
Threshold Period Past Due for Charge-off of Loans	210 days
Consumer: | Residential home equity and direct | Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days
Threshold Period Past Due for Charge-off of Loans	90 days
Consumer: | Residential home equity and direct | Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	120 days
Threshold Period Past Due for Charge-off of Loans	180 days
Consumer: | Indirect auto
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days
Threshold Period Past Due for Charge-off of Loans	120 days
Consumer: | Indirect other | Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days
Threshold Period Past Due for Charge-off of Loans	120 days
Consumer: | Indirect other | Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	120 days
Threshold Period Past Due for Charge-off of Loans	180 days
Consumer: | Student | Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Charge-off of Loans	120 days
Consumer: | Student | Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Charge-off of Loans	180 days
Credit card | Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Charge-off of Loans	90 days
Credit card | Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Charge-off of Loans	180 days

Business Combinations - Narativ

Business Combinations - Narative (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Loans and leases	$ 319,229	$ 299,842
Divestiture [Member]
Business Acquisition [Line Items]
Loans and leases	400
Deposits	$ 2,400

Business Combinations - Assets

Business Combinations - Assets Acquired and Liabilities Asssumed (Details) - USD ($) $ in Millions	Dec. 06, 2019	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Less: Net assets	$ 19,484
Goodwill		$ 23,927	$ 24,154	$ 9,818
SunTrust Banks Inc.
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	33,547
Trading assets	5,710
AFS securities	30,986
LHFS	3,741
UPB	158,495
Loans	154,175
Premises and equipment	1,575
CDI and other intangible assets	2,700
MSRs	1,605
Other assets	13,771
Total assets	221,743
Deposits	(170,633)
Short-term borrowings	(6,837)
Long-term debt	(19,457)
Other liabilities	(5,224)
Total liabilities	(202,151)
Noncontrolling interest	(108)
Less: Net assets	19,484
Goodwill	14,063
SunTrust Banks Inc. | Cash and Cash Equivalents
Business Acquisition [Line Items]
Cash and Equivalents	1,621
SunTrust Banks Inc. | Interest-bearing Deposits
Business Acquisition [Line Items]
Cash and Equivalents	4,668
SunTrust Banks Inc. | Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell
Business Acquisition [Line Items]
Cash and Equivalents	1,191
SunTrust Banks Inc. | Commercial and industrial
Business Acquisition [Line Items]
UPB	68,687
Loans	67,101
SunTrust Banks Inc. | CRE
Business Acquisition [Line Items]
UPB	9,509
Loans	9,357
SunTrust Banks Inc. | Lease financing
Business Acquisition [Line Items]
UPB	3,967
Loans	3,882
SunTrust Banks Inc. | Residential Mortgage
Business Acquisition [Line Items]
UPB	28,191
Loans	27,180
SunTrust Banks Inc. | Residential home equity and direct
Business Acquisition [Line Items]
UPB	15,917
Loans	15,628
SunTrust Banks Inc. | Commercial construction
Business Acquisition [Line Items]
UPB	2,136
Loans	2,096
SunTrust Banks Inc. | Indirect auto
Business Acquisition [Line Items]
UPB	12,373
Loans	12,203
SunTrust Banks Inc. | Indirect other
Business Acquisition [Line Items]
UPB	4,678
Loans	4,445
SunTrust Banks Inc. | Student
Business Acquisition [Line Items]
UPB	6,867
Loans	6,657
SunTrust Banks Inc. | Credit card
Business Acquisition [Line Items]
UPB	2,518
Loans	2,500
SunTrust Banks Inc. | PCI
Business Acquisition [Line Items]
UPB	3,652
Loans	$ 3,126

Securities Financing Activiti_3

Securities Financing Activities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Offsetting [Abstract]
Securities Purchased under Agreements to Resell	$ 1,295	$ 986
Securities Borrowed	501	431
Securities borrowed or purchased under resale agreements	1,796	1,417
Offsetting Liabilities [Line Items]
Short-term borrowings	12,696	18,218
Securities Sold under Agreements to Repurchase
Offsetting Liabilities [Line Items]
Short-term borrowings	1,529	1,969
Securities Sold under Agreements to Repurchase | U.S. Treasury
Offsetting Liabilities [Line Items]
Short-term borrowings	230	150
Securities Sold under Agreements to Repurchase | US Government-sponsored Enterprises Debt Securities [Member]
Offsetting Liabilities [Line Items]
Short-term borrowings	175	124
Securities Sold under Agreements to Repurchase | Residential Mortgage Backed Securities
Offsetting Liabilities [Line Items]
Short-term borrowings	720	1,069
Securities Sold under Agreements to Repurchase | Corporate Debt Securities
Offsetting Liabilities [Line Items]
Short-term borrowings	404	626
Securities Sold under Agreements to Repurchase | Maturity Overnight
Offsetting Liabilities [Line Items]
Short-term borrowings	1,168	1,440
Securities Sold under Agreements to Repurchase | Maturity Overnight | U.S. Treasury
Offsetting Liabilities [Line Items]
Short-term borrowings	230	115
Securities Sold under Agreements to Repurchase | Maturity Overnight | US Government-sponsored Enterprises Debt Securities [Member]
Offsetting Liabilities [Line Items]
Short-term borrowings	171	87
Securities Sold under Agreements to Repurchase | Maturity Overnight | Residential Mortgage Backed Securities
Offsetting Liabilities [Line Items]
Short-term borrowings	575	928
Securities Sold under Agreements to Repurchase | Maturity Overnight | Corporate Debt Securities
Offsetting Liabilities [Line Items]
Short-term borrowings	192	310
Securities Sold under Agreements to Repurchase | Maturity Less than 30 Days
Offsetting Liabilities [Line Items]
Short-term borrowings	361	429
Securities Sold under Agreements to Repurchase | Maturity Less than 30 Days | U.S. Treasury
Offsetting Liabilities [Line Items]
Short-term borrowings	0	35
Securities Sold under Agreements to Repurchase | Maturity Less than 30 Days | US Government-sponsored Enterprises Debt Securities [Member]
Offsetting Liabilities [Line Items]
Short-term borrowings	4	37
Securities Sold under Agreements to Repurchase | Maturity Less than 30 Days | Residential Mortgage Backed Securities
Offsetting Liabilities [Line Items]
Short-term borrowings	145	41
Securities Sold under Agreements to Repurchase | Maturity Less than 30 Days | Corporate Debt Securities
Offsetting Liabilities [Line Items]
Short-term borrowings	$ 212	316
Securities Sold under Agreements to Repurchase | Maturity 30 to 90 Days
Offsetting Liabilities [Line Items]
Short-term borrowings		100
Securities Sold under Agreements to Repurchase | Maturity 30 to 90 Days | U.S. Treasury
Offsetting Liabilities [Line Items]
Short-term borrowings		0
Securities Sold under Agreements to Repurchase | Maturity 30 to 90 Days | US Government-sponsored Enterprises Debt Securities [Member]
Offsetting Liabilities [Line Items]
Short-term borrowings		0
Securities Sold under Agreements to Repurchase | Maturity 30 to 90 Days | Residential Mortgage Backed Securities
Offsetting Liabilities [Line Items]
Short-term borrowings		100
Securities Sold under Agreements to Repurchase | Maturity 30 to 90 Days | Corporate Debt Securities
Offsetting Liabilities [Line Items]
Short-term borrowings		$ 0

Investment Securities - Narrati

Investment Securities - Narrative (Details) $ in Millions	Mar. 31, 2020USD ($)
FNMA investments
Debt Securities Exceeding Ten Percent of Stockholders Equity [Line Items]
Securities, amortized cost	$ 15,400
Securities, fair value	15,900
FHLMC investments
Debt Securities Exceeding Ten Percent of Stockholders Equity [Line Items]
Securities, amortized cost	11,300
Securities, fair value	$ 11,700

Investment Securities - Amortiz

Investment Securities - Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
AFS securities
Amortized Cost	$ 75,650	$ 74,227
Gross Unrealized Gains	2,794	677
Gross Unrealized Losses	46	177
AFS securities, Fair Value	78,398	74,727
U.S. Treasury
AFS securities
Amortized Cost	2,272	2,275
Gross Unrealized Gains	47	7
Gross Unrealized Losses	0	6
AFS securities, Fair Value	2,319	2,276
US Government-sponsored Enterprises Debt Securities [Member]
AFS securities
Amortized Cost	1,846	1,847
Gross Unrealized Gains	87	34
Gross Unrealized Losses	0	0
AFS securities, Fair Value	1,933	1,881
Agency MBS | Residential Mortgage Backed Securities
AFS securities
Amortized Cost	69,307	67,983
Gross Unrealized Gains	2,468	411
Gross Unrealized Losses	22	158
AFS securities, Fair Value	71,753	68,236
Agency MBS | Commercial Mortgage Backed Securities
AFS securities
Amortized Cost	1,489	1,335
Gross Unrealized Gains	31	13
Gross Unrealized Losses	1	7
AFS securities, Fair Value	1,519	1,341
States and political subdivisions
AFS securities
Amortized Cost	513	557
Gross Unrealized Gains	34	34
Gross Unrealized Losses	8	6
AFS securities, Fair Value	539	585
Non-agency MBS
AFS securities
Amortized Cost	185	190
Gross Unrealized Gains	127	178
Gross Unrealized Losses	14	0
AFS securities, Fair Value	298	368
Other
AFS securities
Amortized Cost	38	40
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1	0
AFS securities, Fair Value	$ 37	$ 40

Investment Securities - Amort_2

Investment Securities - Amortized Cost and Estimated Fair Value by Contractual Maturity (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
AFS, Amortized Cost
Due in one year or less	$ 1,422
Due after one year through five years	2,768
Due after five years through ten years	732
Due after ten years	70,728
Debt Securities, Available-for-sale, Amortized Cost	75,650	$ 74,227
Debt Securities, Available-for-sale, Amortized Cost, Total	75,650	74,227
AFS, Fair Value
Due in one year or less	1,440
Due after one year through five years	2,881
Due after five years through ten years	761
Due after ten years	73,316
AFS securities, Fair Value	78,398	74,727
Debt Securities, Available-for-sale, Total	78,398	74,727
U.S. Treasury
AFS, Amortized Cost
Due in one year or less	1,381
Due after one year through five years	876
Due after five years through ten years	15
Due after ten years	0
Debt Securities, Available-for-sale, Amortized Cost	2,272	2,275
Debt Securities, Available-for-sale, Amortized Cost, Total	2,272	2,275
AFS, Fair Value
Due in one year or less	1,399
Due after one year through five years	903
Due after five years through ten years	17
Due after ten years	0
AFS securities, Fair Value	2,319	2,276
Debt Securities, Available-for-sale, Total	2,319	2,276
US Government-sponsored Enterprises Debt Securities [Member]
AFS, Amortized Cost
Due in one year or less	0
Due after one year through five years	1,769
Due after five years through ten years	0
Due after ten years	77
Debt Securities, Available-for-sale, Amortized Cost	1,846	1,847
Debt Securities, Available-for-sale, Amortized Cost, Total	1,846	1,847
AFS, Fair Value
Due in one year or less	0
Due after one year through five years	1,853
Due after five years through ten years	0
Due after ten years	80
AFS securities, Fair Value	1,933	1,881
Debt Securities, Available-for-sale, Total	1,933	1,881
States and political subdivisions
AFS, Amortized Cost
Due in one year or less	39
Due after one year through five years	114
Due after five years through ten years	151
Due after ten years	209
Debt Securities, Available-for-sale, Amortized Cost	513	557
Debt Securities, Available-for-sale, Amortized Cost, Total	513	557
AFS, Fair Value
Due in one year or less	39
Due after one year through five years	116
Due after five years through ten years	163
Due after ten years	221
AFS securities, Fair Value	539	585
Debt Securities, Available-for-sale, Total	539	585
Non-agency MBS
AFS, Amortized Cost
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	185
Debt Securities, Available-for-sale, Amortized Cost	185	190
Debt Securities, Available-for-sale, Amortized Cost, Total	185	190
AFS, Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	298
AFS securities, Fair Value	298	368
Debt Securities, Available-for-sale, Total	298	368
Agency MBS | Residential Mortgage Backed Securities
AFS, Amortized Cost
Due in one year or less	0
Due after one year through five years	1
Due after five years through ten years	556
Due after ten years	68,750
Debt Securities, Available-for-sale, Amortized Cost	69,307	67,983
Debt Securities, Available-for-sale, Amortized Cost, Total	69,307	67,983
AFS, Fair Value
Due in one year or less	0
Due after one year through five years	1
Due after five years through ten years	570
Due after ten years	71,182
AFS securities, Fair Value	71,753	68,236
Debt Securities, Available-for-sale, Total	71,753	68,236
Agency MBS | Commercial Mortgage Backed Securities
AFS, Amortized Cost
Due in one year or less	0
Due after one year through five years	2
Due after five years through ten years	9
Due after ten years	1,478
Debt Securities, Available-for-sale, Amortized Cost	1,489	1,335
Debt Securities, Available-for-sale, Amortized Cost, Total	1,489	1,335
AFS, Fair Value
Due in one year or less	0
Due after one year through five years	2
Due after five years through ten years	10
Due after ten years	1,507
AFS securities, Fair Value	1,519	1,341
Debt Securities, Available-for-sale, Total	1,519	1,341
Other
AFS, Amortized Cost
Due in one year or less	2
Due after one year through five years	6
Due after five years through ten years	1
Due after ten years	29
Debt Securities, Available-for-sale, Amortized Cost	38	40
Debt Securities, Available-for-sale, Amortized Cost, Total	38	40
AFS, Fair Value
Due in one year or less	2
Due after one year through five years	6
Due after five years through ten years	1
Due after ten years	28
AFS securities, Fair Value	37	40
Debt Securities, Available-for-sale, Total	$ 37	$ 40

Investment Securities - Gross U

Investment Securities - Gross Unrealized Losses and Fair Values of Investments in Continuous Unrealized Loss Positions (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
AFS securities, Fair Value
Less than 12 months	$ 1,390	$ 21,646
12 months or more	418	1,594
Total	1,808	23,240
AFS securities, Unrealized Losses
Less than 12 months	29	157
12 months or more	17	20
Total	46	177
U.S. Treasury
AFS securities, Fair Value
Less than 12 months		702
12 months or more		0
Total		702
AFS securities, Unrealized Losses
Less than 12 months		6
12 months or more		0
Total		6
US Government-sponsored Enterprises Debt Securities [Member]
AFS securities, Fair Value
Less than 12 months	3	6
12 months or more	0	0
Total	3	6
AFS securities, Unrealized Losses
Less than 12 months	0	0
12 months or more	0	0
Total	0	0
Agency MBS | Residential Mortgage Backed Securities
AFS securities, Fair Value
Less than 12 months	1,147	20,328
12 months or more	262	1,326
Total	1,409	21,654
AFS securities, Unrealized Losses
Less than 12 months	13	145
12 months or more	9	13
Total	22	158
Agency MBS | Commercial Mortgage Backed Securities
AFS securities, Fair Value
Less than 12 months	66	545
12 months or more	35	124
Total	101	669
AFS securities, Unrealized Losses
Less than 12 months	0	5
12 months or more	1	2
Total	1	7
States and political subdivisions
AFS securities, Fair Value
Less than 12 months	96	65
12 months or more	121	144
Total	217	209
AFS securities, Unrealized Losses
Less than 12 months	1	1
12 months or more	7	5
Total	8	$ 6
Non-agency MBS
AFS securities, Fair Value
Less than 12 months	42
12 months or more	0
Total	42
AFS securities, Unrealized Losses
Less than 12 months	14
12 months or more	0
Total	14
Other
AFS securities, Fair Value
Less than 12 months	36
12 months or more	0
Total	36
AFS securities, Unrealized Losses
Less than 12 months	1
12 months or more	0
Total	$ 1

Investments Securities - Gain (

Investments Securities - Gain (Loss) on Securities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Gain (Loss) on Securities [Line Items]
Gross realized gains	$ 0	$ 22
Gross realized losses	(2)	(22)
Securities gains (losses), net	$ (2)	$ 0

Loans and ACL - Narrative (Deta

Loans and ACL - Narrative (Details) - USD ($) $ in Millions	Jan. 01, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Receivables [Abstract]
Modifications that defaulted during the period that had been classified as a TDR during the previous 12 months		$ 21	$ 18
Financing Receivable
Interest Income Recognized		8		$ 98
CECL impact on Allowance for Credit Losses
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)	$ 3,100
Commercial:
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)		411
Credit card
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)		50
Interest Income Recognized				$ 1
Credit card | CECL impact on Allowance for Credit Losses
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)		175
Commitments to extend, originate or purchase credit
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)		(9)
Commitments to extend, originate or purchase credit | CECL impact on Allowance for Credit Losses
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)		33
Consumer:
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)		$ 130

Loans and ACL - Aging Analysis

Loans and ACL - Aging Analysis of Loans and Leases (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable [Line Items]
Current	$ 314,073	$ 295,181
30-89 Days Past Due	2,374	2,213
90 Days Or More Past Due	1,748	1,994
Nonperforming	1,034	454
Total	319,229	299,842
Commercial: | Commercial and industrial
Financing Receivable [Line Items]
Current	148,451	129,873
30-89 Days Past Due	262	94
90 Days Or More Past Due	5	1
Nonperforming	443	212
Total	149,161	130,180
Commercial: | CRE
Financing Receivable [Line Items]
Current	27,505	26,817
30-89 Days Past Due	8	5
90 Days Or More Past Due	1	0
Nonperforming	18	10
Total	27,532	26,832
Commercial: | Commercial construction
Financing Receivable [Line Items]
Current	6,612	6,204
30-89 Days Past Due	16	1
90 Days Or More Past Due	0	0
Nonperforming	2	0
Total	6,630	6,205
Commercial: | Lease financing
Financing Receivable [Line Items]
Current	5,949	6,112
30-89 Days Past Due	8	2
90 Days Or More Past Due	0	0
Nonperforming	27	8
Total	5,984	6,122
Consumer: | Residential Mortgage
Financing Receivable [Line Items]
Current	51,559	50,975
30-89 Days Past Due	679	498
90 Days Or More Past Due	610	543
Nonperforming	248	55
Total	53,096	52,071
Consumer: | Residential home equity and direct
Financing Receivable [Line Items]
Current	27,293	26,846
30-89 Days Past Due	156	122
90 Days Or More Past Due	10	9
Nonperforming	170	67
Total	27,629	27,044
Consumer: | Indirect auto
Financing Receivable [Line Items]
Current	24,489	23,771
30-89 Days Past Due	521	560
90 Days Or More Past Due	11	11
Nonperforming	125	100
Total	25,146	24,442
Consumer: | Indirect other
Financing Receivable [Line Items]
Current	10,903	11,011
30-89 Days Past Due	74	85
90 Days Or More Past Due	2	2
Nonperforming	1	2
Total	10,980	11,100
Consumer: | Student
Financing Receivable [Line Items]
Current	6,110	5,905
30-89 Days Past Due	593	650
90 Days Or More Past Due	1,068	188
Nonperforming	0	0
Total	7,771	6,743
Credit card
Financing Receivable [Line Items]
Current	5,202	5,541
30-89 Days Past Due	57	56
90 Days Or More Past Due	41	22
Nonperforming	0	0
Total	$ 5,300	5,619
PCI
Financing Receivable [Line Items]
Current		2,126
30-89 Days Past Due		140
90 Days Or More Past Due		1,218
Nonperforming		0
Total		$ 3,484

Loans and ACL - Risk Rating (De

Loans and ACL - Risk Rating (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable
Loans and leases	$ 319,229	$ 299,842
2020	17,089
2019	65,130
2018	41,661
2017	27,442
2016	20,067
Prior	55,494
Revolving Credit	90,783
Loans Converted to Term	2,017
Other (1)	(454)
Credit card
Financing Receivable
Loans and leases	5,300
2020	0
2019	0
2018	0
2017	0
2016	0
Prior	0
Revolving Credit	5,268
Loans Converted to Term	35
Other (1)	(3)
Commercial: | Commercial & Industrial
Financing Receivable
Loans and leases	149,161	130,180
2020	7,515
2019	25,809
2018	15,917
2017	10,023
2016	6,876
Prior	15,386
Revolving Credit	68,453
Loans Converted to Term	13
Other (1)	(831)
Commercial: | Commercial & Industrial | Pass
Financing Receivable
Loans and leases	145,212	127,229
2020	7,366
2019	25,371
2018	15,536
2017	9,849
2016	6,598
Prior	14,904
Revolving Credit	66,420
Loans Converted to Term	11
Other (1)	(843)
Commercial: | Commercial & Industrial | Special mention
Financing Receivable
Loans and leases	1,744	1,264
2020	93
2019	170
2018	161
2017	66
2016	143
Prior	101
Revolving Credit	1,010
Loans Converted to Term	0
Other (1)	0
Commercial: | Commercial & Industrial | Substandard
Financing Receivable
Loans and leases	1,762	1,475
2020	53
2019	216
2018	126
2017	74
2016	87
Prior	296
Revolving Credit	926
Loans Converted to Term	1
Other (1)	(17)
Commercial: | Commercial & Industrial | Nonperforming
Financing Receivable
Loans and leases	443	212
2020	3
2019	52
2018	94
2017	34
2016	48
Prior	85
Revolving Credit	97
Loans Converted to Term	1
Other (1)	29
Commercial: | CRE
Financing Receivable
Loans and leases	27,532	26,832
2020	2,031
2019	8,392
2018	6,295
2017	3,533
2016	2,356
Prior	4,303
Revolving Credit	714
Loans Converted to Term	0
Other (1)	(92)
Commercial: | CRE | Pass
Financing Receivable
Loans and leases	26,859	26,393
2020	2,013
2019	8,252
2018	6,166
2017	3,479
2016	2,262
Prior	4,066
Revolving Credit	713
Loans Converted to Term	0
Other (1)	(92)
Commercial: | CRE | Special mention
Financing Receivable
Loans and leases	339	145
2020	1
2019	44
2018	102
2017	12
2016	65
Prior	115
Revolving Credit	0
Loans Converted to Term	0
Other (1)	0
Commercial: | CRE | Substandard
Financing Receivable
Loans and leases	316	284
2020	17
2019	94
2018	23
2017	39
2016	29
Prior	114
Revolving Credit	0
Loans Converted to Term	0
Other (1)	0
Commercial: | CRE | Nonperforming
Financing Receivable
Loans and leases	18	10
2020	0
2019	2
2018	4
2017	3
2016	0
Prior	8
Revolving Credit	1
Loans Converted to Term	0
Other (1)	0
Commercial: | Commercial construction
Financing Receivable
Loans and leases	6,630	6,205
2020	345
2019	1,932
2018	2,236
2017	802
2016	193
Prior	385
Revolving Credit	732
Loans Converted to Term	1
Other (1)	4
Commercial: | Commercial construction | Pass
Financing Receivable
Loans and leases	6,440	6,037
2020	342
2019	1,921
2018	2,164
2017	745
2016	153
Prior	381
Revolving Credit	729
Loans Converted to Term	1
Other (1)	4
Commercial: | Commercial construction | Special mention
Financing Receivable
Loans and leases	42	37
2020	0
2019	5
2018	37
2017	0
2016	0
Prior	0
Revolving Credit	0
Loans Converted to Term	0
Other (1)	0
Commercial: | Commercial construction | Substandard
Financing Receivable
Loans and leases	146	131
2020	3
2019	5
2018	35
2017	56
2016	40
Prior	4
Revolving Credit	3
Loans Converted to Term	0
Other (1)	0
Commercial: | Commercial construction | Nonperforming
Financing Receivable
Loans and leases	2	0
2020	0
2019	1
2018	0
2017	1
2016	0
Prior	0
Revolving Credit	0
Loans Converted to Term	0
Other (1)	0
Commercial: | Lease Financing
Financing Receivable
Loans and leases	5,984	6,122
2020	255
2019	1,875
2018	1,158
2017	1,089
2016	388
Prior	1,263
Revolving Credit	0
Loans Converted to Term	0
Other (1)	(44)
Commercial: | Lease Financing | Pass
Financing Receivable
Loans and leases	5,887	6,039
2020	255
2019	1,864
2018	1,154
2017	1,056
2016	381
Prior	1,221
Revolving Credit	0
Loans Converted to Term	0
Other (1)	(44)
Commercial: | Lease Financing | Special mention
Financing Receivable
Loans and leases	17	19
2020	0
2019	8
2018	3
2017	3
2016	3
Prior	0
Revolving Credit	0
Loans Converted to Term	0
Other (1)	0
Commercial: | Lease Financing | Substandard
Financing Receivable
Loans and leases	53	56
2020	0
2019	3
2018	0
2017	15
2016	2
Prior	33
Revolving Credit	0
Loans Converted to Term	0
Other (1)	0
Commercial: | Lease Financing | Nonperforming
Financing Receivable
Loans and leases	27	8
2020	0
2019	0
2018	1
2017	15
2016	2
Prior	9
Revolving Credit	0
Loans Converted to Term	0
Other (1)	0
Consumer: | Residential Mortgage
Financing Receivable
Loans and leases	53,096	52,071
2020	1,800
2019	8,484
2018	5,603
2017	6,175
2016	6,993
Prior	23,808
Revolving Credit	0
Loans Converted to Term	0
Other (1)	233
Consumer: | Residential Mortgage | Performing
Financing Receivable
Loans and leases	52,848	52,016
2020	1,800
2019	8,480
2018	5,595
2017	6,168
2016	6,985
Prior	23,587
Revolving Credit	0
Loans Converted to Term	0
Other (1)	233
Consumer: | Residential Mortgage | Nonperforming
Financing Receivable
Loans and leases	248	55
2020	0
2019	4
2018	8
2017	7
2016	8
Prior	221
Revolving Credit	0
Loans Converted to Term	0
Other (1)	0
Consumer: | Residential home equity and direct
Financing Receivable
Loans and leases	27,629	27,044
2020	1,296
2019	4,440
2018	2,168
2017	835
2016	421
Prior	797
Revolving Credit	15,616
Loans Converted to Term	1,968
Other (1)	88
Consumer: | Residential home equity and direct | Performing
Financing Receivable
Loans and leases	27,459	26,977
2020	1,296
2019	4,436
2018	2,164
2017	834
2016	420
Prior	789
Revolving Credit	15,553
Loans Converted to Term	1,874
Other (1)	93
Consumer: | Residential home equity and direct | Nonperforming
Financing Receivable
Loans and leases	170	67
2020	0
2019	4
2018	4
2017	1
2016	1
Prior	8
Revolving Credit	63
Loans Converted to Term	94
Other (1)	(5)
Consumer: | Indirect auto
Financing Receivable
Loans and leases	25,146	24,442
2020	2,799
2019	9,757
2018	5,587
2017	3,600
2016	2,089
Prior	1,185
Revolving Credit	0
Loans Converted to Term	0
Other (1)	129
Consumer: | Indirect auto | Performing
Financing Receivable
Loans and leases	25,021	24,342
2020	2,799
2019	9,725
2018	5,548
2017	3,571
2016	2,070
Prior	1,166
Revolving Credit	0
Loans Converted to Term	0
Other (1)	142
Consumer: | Indirect auto | Nonperforming
Financing Receivable
Loans and leases	125	100
2020	0
2019	32
2018	39
2017	29
2016	19
Prior	19
Revolving Credit	0
Loans Converted to Term	0
Other (1)	(13)
Consumer: | Indirect Other
Financing Receivable
Loans and leases	10,980	11,100
2020	1,027
2019	4,319
2018	2,587
2017	1,294
2016	676
Prior	1,010
Revolving Credit	0
Loans Converted to Term	0
Other (1)	67
Consumer: | Indirect Other | Performing
Financing Receivable
Loans and leases	10,979	11,098
2020	1,027
2019	4,319
2018	2,587
2017	1,294
2016	676
Prior	1,009
Revolving Credit	0
Loans Converted to Term	0
Other (1)	67
Consumer: | Indirect Other | Nonperforming
Financing Receivable
Loans and leases	1	2
2020	0
2019	0
2018	0
2017	0
2016	0
Prior	1
Revolving Credit	0
Loans Converted to Term	0
Other (1)	0
Consumer: | Student
Financing Receivable
Loans and leases	7,771	$ 6,743
2020	21
2019	122
2018	110
2017	91
2016	75
Prior	7,357
Revolving Credit	0
Loans Converted to Term	0
Other (1)	(5)
Consumer: | Student | Performing
Financing Receivable
Loans and leases	7,771
2020	21
2019	122
2018	110
2017	91
2016	75
Prior	7,357
Revolving Credit	0
Loans Converted to Term	0
Other (1)	(5)
Consumer: | Student | Nonperforming
Financing Receivable
Loans and leases	0
2020	0
2019	0
2018	0
2017	0
2016	0
Prior	0
Revolving Credit	0
Loans Converted to Term	0
Other (1)	$ 0

Loans and ACL - Allowance for C

Loans and ACL - Allowance for Credit Losses (Details) - USD ($) $ in Millions	Jan. 01, 2020	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision for credit losses		$ 893	$ 155
CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)	$ 3,100
Commercial:
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		411
Commercial: | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	560	560	546
Charge-Offs		(39)	(17)
Recoveries		17	6
Provision for credit losses		371	13
ACL, ending balance		1,813	548
Commercial: | Commercial and industrial | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		904
Commercial: | CRE
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	150	150	142
Charge-Offs		(1)	(8)
Recoveries		0	0
Provision for credit losses		68	18
ACL, ending balance		299	152
Commercial: | CRE | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		82
Commercial: | Commercial construction
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	52	52	48
Charge-Offs		(3)	0
Recoveries		1	1
Provision for credit losses		22	(5)
ACL, ending balance		88	44
Commercial: | Commercial construction | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		16
Commercial: | Lease financing
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	10	10	11
Charge-Offs		(2)	(1)
Recoveries		0	0
Provision for credit losses		(23)	1
ACL, ending balance		79	11
Commercial: | Lease financing | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		94
Consumer:
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		130
Consumer: | Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	176	176	232
Charge-Offs		(11)	(5)
Recoveries		2	1
Provision for credit losses		(4)	(3)
ACL, ending balance		427	225
Consumer: | Residential Mortgage | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		264
Consumer: | Residential home equity and direct
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	107	107	104
Charge-Offs		(68)	(20)
Recoveries		15	6
Provision for credit losses		102	13
ACL, ending balance		607	103
Consumer: | Residential home equity and direct | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		451
Consumer: | Indirect auto
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	304	304	298
Charge-Offs		(142)	(92)
Recoveries		23	13
Provision for credit losses		189	81
ACL, ending balance		1,192	300
Consumer: | Indirect auto | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		818
Consumer: | Indirect other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	60	60	58
Charge-Offs		(18)	(17)
Recoveries		7	4
Provision for credit losses		12	13
ACL, ending balance		213	58
Consumer: | Indirect other | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		152
Consumer: | Student
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	0	0
Charge-Offs		(8)
Recoveries		0
Provision for credit losses		34
ACL, ending balance		146
Consumer: | Student | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		120
Credit card
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	122	122	110
Charge-Offs		(53)	(24)
Recoveries		8	6
Provision for credit losses		95	20
Other (2)		50
ACL, ending balance		347	112
Credit card | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		175
PCI
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	8	8	9
Charge-Offs		0	0
Recoveries		0	0
Provision for credit losses		0	(1)
ACL, ending balance		0	8
PCI | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		(8)
ALLL
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	1,549	1,549	1,558
Charge-Offs		(345)	(184)
Recoveries		73	37
Provision for credit losses		866	150
ACL, ending balance		5,211	1,561
ALLL | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		3,068
RUFC
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	340	340	93
Charge-Offs		0	0
Recoveries		0	0
Provision for credit losses		27	5
Other (2)		(9)
ACL, ending balance		400	98
RUFC | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		33
ACL
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	$ 1,889	1,889	1,651
Charge-Offs		(345)	(184)
Recoveries		73	37
Provision for credit losses		893	155
ACL, ending balance		5,611	$ 1,659
ACL | CECL impact on Allowance for Credit Losses
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Other (2)		$ 3,101

Loans and ACL - Summary of Purc

Loans and ACL - Summary of Purchased Student Loans With Credit Deterioration (Details) - Consumer: - Student $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Financing Receivable
Financing Receivable, Purchased with Credit Deterioration, Amount at Purchase Price	$ 240
Financing Receivable, Purchased with Credit Deterioration, Allowance for Credit Loss at Acquisition Date	(3)
Financing Receivable, Purchased with Credit Deterioration, Discount (Premium)	1
Financing Receivable, Purchased with Credit Deterioration, Amount at Par Value	$ 242

Loans and ACL - Individually Ev

Loans and ACL - Individually Evaluated for Impairment (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
UPB		$ 1,554
Recorded Investment Without an ALLL	$ 156	259
Recorded Investment With an ALLL	878	1,182
Related ALLL		153
Average Recorded Investment		1,606
Interest Income Recognized	8	98
Commercial: | Commercial and industrial
Financing Receivable, Impaired [Line Items]
UPB		339
Recorded Investment Without an ALLL	136	124
Recorded Investment With an ALLL	307	167
Related ALLL		20
Average Recorded Investment		298
Interest Income Recognized		6
Commercial: | CRE
Financing Receivable, Impaired [Line Items]
UPB		29
Recorded Investment Without an ALLL	1	3
Recorded Investment With an ALLL	17	26
Related ALLL		2
Average Recorded Investment		71
Interest Income Recognized		1
Commercial: | Commercial construction
Financing Receivable, Impaired [Line Items]
UPB		39
Recorded Investment Without an ALLL	0	0
Recorded Investment With an ALLL	2	38
Related ALLL		7
Average Recorded Investment		5
Interest Income Recognized		0
Commercial: | Lease financing
Financing Receivable, Impaired [Line Items]
UPB		18
Recorded Investment Without an ALLL	15	7
Recorded Investment With an ALLL	12	2
Related ALLL		0
Average Recorded Investment		2
Interest Income Recognized		0
Consumer: | Residential Mortgage
Financing Receivable, Impaired [Line Items]
UPB		650
Recorded Investment Without an ALLL	3	92
Recorded Investment With an ALLL	245	527
Related ALLL		42
Average Recorded Investment		799
Interest Income Recognized		34
Consumer: | Residential home equity and direct
Financing Receivable, Impaired [Line Items]
UPB		76
Recorded Investment Without an ALLL	1	24
Recorded Investment With an ALLL	169	37
Related ALLL		5
Average Recorded Investment		65
Interest Income Recognized		3
Consumer: | Indirect auto
Financing Receivable, Impaired [Line Items]
UPB		367
Recorded Investment Without an ALLL	0	9
Recorded Investment With an ALLL	125	349
Related ALLL		64
Average Recorded Investment		334
Interest Income Recognized		53
Consumer: | Indirect other
Financing Receivable, Impaired [Line Items]
UPB		5
Recorded Investment Without an ALLL	0	0
Recorded Investment With an ALLL	$ 1	5
Related ALLL		1
Average Recorded Investment		4
Interest Income Recognized		0
Credit card
Financing Receivable, Impaired [Line Items]
UPB		31
Recorded Investment Without an ALLL		0
Recorded Investment With an ALLL		31
Related ALLL		12
Average Recorded Investment		28
Interest Income Recognized		$ 1

Loans and ACL - Summary of TDRs

Loans and ACL - Summary of TDRs (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	$ 1,200	$ 1,062
ALLL attributable to TDRs	159	132
Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	1,079	980
Nonperforming TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	121	82
Commercial: | Commercial and industrial | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	65	47
Commercial: | CRE | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	7	6
Commercial: | Commercial construction | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	36	37
Commercial: | Lease financing | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	1	0
Consumer: | Residential Mortgage | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	513	470
Consumer: | Residential home equity and direct | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	66	51
Consumer: | Indirect auto | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	350	333
Consumer: | Indirect other | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	5	5
Consumer: | Student | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	1	0
Credit card | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	$ 35	$ 31

Loans and ACL - Types of Modifi

Loans and ACL - Types of Modifications and Impact to Allowance (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Newly Designated TDRs | Commercial: | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	$ 2	$ 3
Financing Receivable, Troubled Debt Restructuring, Premodification	36	19
Newly Designated TDRs | Commercial: | CRE
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	0	0
Financing Receivable, Troubled Debt Restructuring, Premodification	1	3
Newly Designated TDRs | Commercial: | Lease financing
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	0
Financing Receivable, Troubled Debt Restructuring, Premodification	1
Newly Designated TDRs | Consumer: | Residential Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	5	6
Financing Receivable, Troubled Debt Restructuring, Premodification	94	75
Newly Designated TDRs | Consumer: | Residential home equity and direct
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	1	1
Financing Receivable, Troubled Debt Restructuring, Premodification	23	3
Newly Designated TDRs | Consumer: | Indirect auto
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	5	11
Financing Receivable, Troubled Debt Restructuring, Premodification	73	51
Newly Designated TDRs | Consumer: | Indirect other
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	0	0
Financing Receivable, Troubled Debt Restructuring, Premodification	1	1
Newly Designated TDRs | Consumer: | Student
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	0
Financing Receivable, Troubled Debt Restructuring, Premodification	1
Newly Designated TDRs | Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	3	3
Financing Receivable, Troubled Debt Restructuring, Premodification	10	6
Newly Designated TDRs | Rate | Commercial: | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	28	26
Newly Designated TDRs | Rate | Commercial: | CRE
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	1	1
Newly Designated TDRs | Rate | Commercial: | Lease financing
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	1
Newly Designated TDRs | Rate | Consumer: | Residential Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	77	73
Newly Designated TDRs | Rate | Consumer: | Residential home equity and direct
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	17	3
Newly Designated TDRs | Rate | Consumer: | Indirect auto
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	56	47
Newly Designated TDRs | Rate | Consumer: | Indirect other
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	1	1
Newly Designated TDRs | Rate | Consumer: | Student
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	0
Newly Designated TDRs | Rate | Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	10	6
Newly Designated TDRs | Structure | Commercial: | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	3	3
Newly Designated TDRs | Structure | Commercial: | CRE
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	0	0
Newly Designated TDRs | Structure | Commercial: | Lease financing
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	0
Newly Designated TDRs | Structure | Consumer: | Residential Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	15	8
Newly Designated TDRs | Structure | Consumer: | Residential home equity and direct
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	5	1
Newly Designated TDRs | Structure | Consumer: | Indirect auto
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	14	1
Newly Designated TDRs | Structure | Consumer: | Indirect other
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	0	0
Newly Designated TDRs | Structure | Consumer: | Student
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	1
Newly Designated TDRs | Structure | Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	0	0
Re-Modification of Previously Designated TDRs | Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	18	23
Re-Modification of Previously Designated TDRs | Structure
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	$ 1	$ 5

Loans and ACL - Summary of Nonp

Loans and ACL - Summary of Nonperforming Assets and Residential Mortgage Loans in the Process of Foreclosure (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Nonperforming	$ 1,034	$ 454
Other Real Estate, Foreclosed Assets, and Repossessed Assets	63	82
Total nonperforming assets	1,177	684
Residential mortgage loans in the process of foreclosure	300	409
LHFS
Financing Receivable, Impaired [Line Items]
Nonperforming	41	107
Other Property [Member]
Financing Receivable, Impaired [Line Items]
Other Real Estate, Foreclosed Assets, and Repossessed Assets	$ 39	$ 41

Loans and ACL - Selected Inform

Loans and ACL - Selected Information About Loans and Leases (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable [Line Items]
Loans and Leases Receivable, Deferred Income	$ 3,140	$ 4,069

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Goodwill Adjustments [Line Items]
Adjustments	$ (258)	$ (6)
Financing Receivable [Member]
Goodwill Adjustments [Line Items]
Adjustments	193
CDI
Goodwill Adjustments [Line Items]
Adjustments	$ 165

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Rollforward of Goodwill by Operating Segment (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 24,154	$ 9,818
Goodwill, Acquired During Period	31	14,342
Adjustments	(258)	(6)
Goodwill, Ending Balance	23,927	24,154
CB-Retail
Goodwill [Line Items]
Goodwill, Beginning Balance	14,040	3,906
Goodwill, Acquired During Period	0	10,134
Adjustments	1,483	0
Goodwill, Ending Balance	15,523	14,040
CB-Commercial
Goodwill [Line Items]
Goodwill, Beginning Balance	8,125	3,938
Goodwill, Acquired During Period	0	4,187
Adjustments	(1,741)	0
Goodwill, Ending Balance	6,384	8,125
IH
Goodwill [Line Items]
Goodwill, Beginning Balance	1,989	1,974
Goodwill, Acquired During Period	31	21
Adjustments	0	(6)
Goodwill, Ending Balance	$ 2,020	$ 1,989

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Identifiable Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,472	$ 4,282
Accumulated Amortization	(1,304)	(1,140)
Net Carrying Amount	3,168	3,142
CDI
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,599	2,474
Accumulated Amortization	(485)	(365)
Net Carrying Amount	2,114	2,109
Other, primarily client relationship intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,873	1,808
Accumulated Amortization	(819)	(775)
Net Carrying Amount	$ 1,054	$ 1,033

Loan Servicing - Residential Mo

Loan Servicing - Residential Mortgage Banking Activities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Servicing fees recognized from mortgage loans serviced for others	$ 1,961	$ 1,202
Residential Mortgage
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
UPB of residential mortgage loan servicing portfolio	276,304		$ 279,558
UPB of residential mortgage loans serviced for others, primarily agency conforming fixed rate	219,979		219,347
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	395		371
Maximum recourse exposure from mortgage loans sold with recourse liability	241		212
Indemnification, recourse and repurchase reserves	66		$ 44
UPB of residential mortgage loans sold from LHFS	12,669	1,300
Pre-tax gains recognized on mortgage loans sold and held for sale	$ 188	$ 17
Approximate weighted average servicing fee on the outstanding balance of residential mortgage loans serviced for others	0.31%	0.28%
Weighted average interest rate on mortgage loans serviced for others	4.02%	4.06%
Bank Servicing | Residential Mortgage
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Servicing fees recognized from mortgage loans serviced for others	$ 169	$ 61

Loan Servicing - Analysis of Ac

Loan Servicing - Analysis of Activity in Residential MSRs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Servicing Asset at Fair Value, Amount [Roll Forward]
MSRs, carrying value, beginning balance	$ 2,618
Change in fair value due to changes in valuation inputs or assumptions:
MSRs, carrying value, ending balance	2,150
Residential MSRs
Servicing Asset at Fair Value, Amount [Roll Forward]
MSRs, carrying value, beginning balance	2,371	$ 957
Other additions	178	15
Change in fair value due to changes in valuation inputs or assumptions:
Prepayment speeds	(522)	(55)
OAS	45	4
Servicing costs	0	0
Realization of expected net servicing cash flows, passage of time and other	(148)	(33)
MSRs, carrying value, ending balance	$ 1,924	$ 888

Loan Servicing - Residential MS

Loan Servicing - Residential MSR Sensitivity (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Residential MSRs
Servicing Assets at Fair Value [Line Items]
Composition of loans serviced for others	100.00%	100.00%
Residential MSRs | Min
Servicing Assets at Fair Value [Line Items]
Prepayment speed	9.40%	8.40%
OAS	2.80%	4.00%
Residential MSRs | Max
Servicing Assets at Fair Value [Line Items]
Prepayment speed	19.00%	18.60%
OAS	12.80%	13.50%
Residential MSRs | Weighted Average
Servicing Assets at Fair Value [Line Items]
Prepayment speed	11.20%	9.60%
Effect on fair value of a 10% increase	$ (104)	$ (102)
Effect on fair value of a 20% increase	$ (198)	$ (195)
OAS	5.90%	6.70%
Effect on fair value of a 10% increase	$ (39)	$ (54)
Effect on fair value of a 20% increase	$ (76)	$ (106)
Weighted average life	4 years 3 months 18 days	5 years 4 months 24 days
Fixed-rate residential mortgage loans
Servicing Assets at Fair Value [Line Items]
Composition of loans serviced for others	98.60%	98.50%
Adjustable-rate residential mortgage loans
Servicing Assets at Fair Value [Line Items]
Composition of loans serviced for others	1.40%	1.50%

Loan Servicing - Commercial Mor

Loan Servicing - Commercial Mortgage Banking Activities (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Servicing Assets at Fair Value [Line Items]
MSRs at fair value	$ 2,150	$ 2,618
CRE
Servicing Assets at Fair Value [Line Items]
UPB of CRE mortgages serviced for others	71,391	70,404
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	8,592	8,676
Maximum recourse exposure from CRE mortgages sold with recourse liability	2,490	2,479
Recorded reserves related to recourse exposure	18	13
CRE mortgages originated during the year-to-date period	1,271	8,062
MSRs at fair value	$ 226	$ 247

Other Assets and Liabilites - N

Other Assets and Liabilites - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Narrative [Abstract]
Bank-Owned Life Insurance	$ 6,400	$ 6,400

Other Assets and Liabilites - S

Other Assets and Liabilites - Schedule of Right of Use Assets and Future Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Right of Use Assets
Right-of-Use Asset, Operating Leases	$ 1,773
Right-of-Use Asset, Finance Leases	43
Operating Lease Liabilities, Payments Due
2020	334
2021	382
2022	337
2023	284
2024	237
2025	78
Thereafter	671
Total lease payments, Operating Leases	2,323
Less: imputed interest, Operating Leases	244
Total lease liabilities, Operating Leases	$ 2,079
Weighted Average Remaining Lease Term, Operating Leases	7 years 6 months
Weighted Average Discount Rate, Percent, Operating Leases	2.60%
Finance Lease Liabilities, Payments, Due
2020	$ 10
2021	11
2022	11
2023	7
2024	5
2025	1
Thereafter	12
Total lease payments, Finance Leases	57
Less: imputed interest, Finance Leases	6
Total lease liabilities, Finance Leases	$ 51
Weighted Average Remaining Lease Term, Finance Leases	7 years 4 months 24 days
Weighted Average Discount Rate, Percent, Finance Leases	4.10%
Operating Lease, Cost	$ 96	$ 49

Other Assets and Liabilites -_2

Other Assets and Liabilites - Schedule of Assets Held Under Operating Leases and Related Activities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Other Assets and Liabilities
Assets held under operating leases (1)	$ 2,126	$ 2,236
Accumulated depreciation	(443)	(391)
Net	$ 1,683	$ 1,845

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)shares
Class of Stock [Line Items]
Preferred Stock, Value, Redeemed	$ (503)
Series K
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares | shares	5
Preferred Stock, Value, Redeemed	$ 500

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Cash Dividends Declared per Share (Details) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.450	$ 0.405

AOCI (Details)

AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Amounts reclassified from AOCI:
OCI	$ 1,742	$ 294
Pension and OPEB Costs
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	(1,122)	(1,164)
OCI before reclassifications, net of tax	0	0
Amounts reclassified from AOCI:
OCI	15	17
AOCI, ending balance	(1,107)	(1,147)
Pension and OPEB Costs | Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	20	23
Tax effect	5	6
Amounts reclassified, net of tax	15	17
Cash Flow Hedges
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	(101)	(31)
OCI before reclassifications, net of tax	0	(30)
Amounts reclassified from AOCI:
OCI	11	(34)
AOCI, ending balance	(90)	(65)
Cash Flow Hedges | Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	15	(5)
Tax effect	4	(1)
Amounts reclassified, net of tax	11	(4)
AFS Securities
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	380	(500)
OCI before reclassifications, net of tax	1,690	314
Amounts reclassified from AOCI:
OCI	1,721	309
AOCI, ending balance	2,101	(191)
AFS Securities | Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	41	(6)
Tax effect	10	(1)
Amounts reclassified, net of tax	31	(5)
Other, net
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	(1)	(20)
OCI before reclassifications, net of tax	(5)	2
Amounts reclassified from AOCI:
OCI	(5)	2
AOCI, ending balance	(6)	(18)
Other, net | Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	0	0
Tax effect	0	0
Amounts reclassified, net of tax	0	0
Total
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	(844)	(1,715)
OCI before reclassifications, net of tax	1,685	286
Amounts reclassified from AOCI:
OCI	1,742	294
AOCI, ending balance	898	(1,421)
Total | Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	76	12
Tax effect	19	4
Amounts reclassified, net of tax	$ 57	$ 8

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Contingency [Line Items]
Provision for income taxes	$ 224	$ 177
Effective Income Tax Rate, Percent	17.40%	18.20%

Benefit Plans - Narrative (Deta

Benefit Plans - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Qualified Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discretionary contributions	$ 305

Benefit Plans - Summary of the

Benefit Plans - Summary of the Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net periodic pension cost:
Service cost	$ 118	$ 54
Interest cost	78	57
Estimated return on plan assets	(216)	(113)
Amortization and other	19	25
Net periodic benefit cost	$ (1)	$ 23

Commitment and Contingencies -

Commitment and Contingencies - Narrative - (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Other Commitments [Line Items]
Assets	$ 506,229	$ 473,078
Other Liabilities	11,631	12,236
Trading Assets	3,863	5,733
Variable Interest Entity, Primary Beneficiary [Member]
Other Commitments [Line Items]
Assets	2,100	2,700
Other Liabilities	153	116
Trading Assets	1,400	$ 2,600
Buildings and building improvements
Loss Contingency [Abstract]
Buildings and Improvements, Gross	456
Min
Loss Contingency [Abstract]
Loss Contingency, Range of Possible Loss, Portion Not Accrued	0
Max
Loss Contingency [Abstract]
Loss Contingency, Range of Possible Loss, Portion Not Accrued	$ 200

Commitments and Contingencies -

Commitments and Contingencies - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Investments in affordable housing projects
Tax Credit, Private Equity and Other Equity Method Investments
Carrying amount	$ 3,776	$ 3,684
Amount of future funding commitments included in carrying amount	1,154	1,271
Lending exposure	540	647
Renewable Energy Investments
Tax Credit, Private Equity and Other Equity Method Investments
Carrying amount	107	81
Amount of future funding commitments not included in carrying amount	211	246
Private equity investments
Tax Credit, Private Equity and Other Equity Method Investments
Carrying amount	1,597	1,556
Amount of future funding commitments not included in carrying amount	$ 378	$ 331

Commitments and Contingencies_2

Commitments and Contingencies - Tax Credits and Amortization (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Investments in affordable housing projects
Income Tax Contingency [Line Items]
Investment tax credit	$ 117	$ 79
Amortization and other changes in carrying amount	114	69
Other Community Development Investment
Income Tax Contingency [Line Items]
Investment tax credit	22	0
Amortization and other changes in carrying amount	20	0
Renewable Energy Partnership
Income Tax Contingency [Line Items]
Amortization and other changes in carrying amount	$ 0	$ 0

Commitments and Contingencies_3

Commitments and Contingencies - Off-Balance Sheet Financial Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Residential Mortgage
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 395	$ 371
CRE
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	8,592	8,676
Commitments to extend, originate or purchase credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	159,924	177,598
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 5,050	$ 5,181

Commitments and Contingencies_4

Commitments and Contingencies - Pledged Assets (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Pledged securities	$ 10,404	$ 11,283
Federal Reserve Bank Advances [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Pledged loans	71,786	30,238
Line of Credit Facility, Remaining Borrowing Capacity	49,652	21,169
FHLB Advances
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Pledged loans	79,009	80,816
Line of Credit Facility, Remaining Borrowing Capacity	$ 21,677	$ 37,303

Fair Value Disclosures - Narrat

Fair Value Disclosures - Narrative (Details) $ in Millions	Mar. 31, 2020USD ($)Multiple	Dec. 31, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
LHFS at fair value	$ 3,655	$ 5,673
Unfunded Commitments Deferred Non Yield Related Loan Fees And Standby Letters Of Credit Carrying Value	400	373
Nonperforming
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
LHFS at fair value	41	107
Carrying Amount
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
LHFS at fair value	728
Level 3
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
LHFS at fair value	$ 0	$ 0
Private Equity Investments | Minimum | EBITDA Multiple
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Unobservable inputs, EBITDA multiples | Multiple	6
Private Equity Investments | Maximum | EBITDA Multiple
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Unobservable inputs, EBITDA multiples	14
Private Equity Investments | Weighted average | EBITDA Multiple
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Unobservable inputs, EBITDA multiples | Multiple	8
Re-REMIC | Non-agency MBS | Level 3
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Difference between fair value of securities held and the fair value of the underlying securities, percentage	38.70%

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Assets
Trading assets		$ 3,863	$ 5,733
AFS securities		78,398	74,727
LHFS at fair value		3,655	5,673
MSRs at fair value		2,150	2,618
Derivative Asset, Net		4,040	2,053
Derivative Asset, Gross		7,471	4,260
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		(3,431)	(2,207)
Equity securities		641	817
Private equity investments		448	440
Total assets		93,195	92,061
Liabilities
Net Amount Presented in the Consolidated Balance Sheets		764	366
Derivative Liability, Gross		3,942	3,336
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset		(3,178)	(2,970)
Securities sold short		1,085	1,074
Total liabilities		1,849	1,440
Level 1
Assets
Trading assets		78	90
AFS securities		0	0
LHFS at fair value		0	0
MSRs at fair value		0	0
Derivative Asset, Gross		548	606
Equity securities		603	815
Private equity investments		0	0
Total assets		1,229	1,511
Liabilities
Derivative Liability, Gross		674	204
Securities sold short		0	18
Total liabilities		674	222
Level 2
Assets
Trading assets		3,785	5,643
AFS securities		78,100	74,359
LHFS at fair value		3,655	5,673
MSRs at fair value		0	0
Derivative Asset, Gross		6,746	3,620
Equity securities		38	2
Private equity investments		0	0
Total assets		92,324	89,297
Liabilities
Derivative Liability, Gross		3,234	3,117
Securities sold short		1,085	1,056
Total liabilities		4,319	4,173
Level 3
Assets
Trading assets		0	0
AFS securities		298	368
LHFS at fair value		0	0
MSRs at fair value		2,150	2,618
Derivative Asset, Gross		177	34
Equity securities		0	0
Private equity investments		448	440
Total assets		3,073	3,460
Liabilities
Derivative Liability, Gross		34	15
Securities sold short		0	0
Total liabilities		34	15
U.S. Treasury
Assets
Trading assets		630	227
AFS securities		2,319	2,276
U.S. Treasury | Level 1
Assets
Trading assets		0	0
AFS securities		0	0
U.S. Treasury | Level 2
Assets
Trading assets		630	227
AFS securities		2,319	2,276
U.S. Treasury | Level 3
Assets
Trading assets		0	0
AFS securities		0	0
GSE
Assets
Trading assets		343	296
AFS securities		1,933	1,881
GSE | Level 1
Assets
Trading assets		0	0
AFS securities		0	0
GSE | Level 2
Assets
Trading assets		343	296
AFS securities		1,933	1,881
GSE | Level 3
Assets
Trading assets		0	0
AFS securities		0	0
Agency MBS | Residential Mortgage Backed Securities
Assets
Trading assets		601	497
AFS securities		71,753	68,236
Agency MBS | Commercial Mortgage Backed Securities
Assets
Trading assets		58	68
AFS securities		1,519	1,341
Agency MBS | Level 1 | Residential Mortgage Backed Securities
Assets
Trading assets		0	0
AFS securities		0	0
Agency MBS | Level 1 | Commercial Mortgage Backed Securities
Assets
Trading assets		0	0
AFS securities		0	0
Agency MBS | Level 2 | Residential Mortgage Backed Securities
Assets
Trading assets		601	497
AFS securities		71,753	68,236
Agency MBS | Level 2 | Commercial Mortgage Backed Securities
Assets
Trading assets		58	68
AFS securities		1,519	1,341
Agency MBS | Level 3 | Residential Mortgage Backed Securities
Assets
Trading assets		0	0
AFS securities		0	0
Agency MBS | Level 3 | Commercial Mortgage Backed Securities
Assets
Trading assets		0	0
AFS securities		0	0
States and political subdivisions
Assets
Trading assets		43	82
AFS securities		539	585
States and political subdivisions | Level 1
Assets
Trading assets		0	0
AFS securities		0	0
States and political subdivisions | Level 2
Assets
Trading assets		43	82
AFS securities		539	585
States and political subdivisions | Level 3
Assets
Trading assets		0	0
AFS securities		0	0
Non-agency MBS
Assets
Trading assets			277
AFS securities		298	368
Non-agency MBS | Level 1
Assets
Trading assets			0
AFS securities		0	0
Non-agency MBS | Level 2
Assets
Trading assets			277
AFS securities		0	0
Non-agency MBS | Level 3
Assets
Trading assets			0
AFS securities		298	368
Corporate Debt Securities
Assets
Trading assets		536	1,204
Corporate Debt Securities | Level 1
Assets
Trading assets		0	0
Corporate Debt Securities | Level 2
Assets
Trading assets		536	1,204
Corporate Debt Securities | Level 3
Assets
Trading assets		0	0
Loans
Assets
Trading assets		1,569	2,948
Loans | Level 1
Assets
Trading assets		0	0
Loans | Level 2
Assets
Trading assets		1,569	2,948
Loans | Level 3
Assets
Trading assets		0	0
Other
Assets
Trading assets		83	134
AFS securities		37	40
Other | Level 1
Assets
Trading assets		78	90
AFS securities		0	0
Other | Level 2
Assets
Trading assets		5	44
AFS securities		37	40
Other | Level 3
Assets
Trading assets		0	0
AFS securities		0	0
Fair Value, Concentration of Credit Risk, Master Netting Arrangements
Assets
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	[1]	(3,431)	(2,207)
Liabilities
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	[1]	$ 3,178	$ 2,970
[1]	Refer to "Note 15. Derivative Financial Instruments" for additional discussion on netting adjustments.

Fair Value Disclosures - Rollfo

Fair Value Disclosures - Rollforward of Level 3 Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Trading Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 0	$ 3
Included in earnings	0	0
Included in unrealized net holding gains (losses) in OCI	0	0
Purchases	0	15
Issuances	0	0
Sales	0	(7)
Settlements	0	0
Ending balance	0	11
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	0
Non-agency MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	368	391
Included in earnings	3	2
Included in unrealized net holding gains (losses) in OCI	(64)	1
Purchases	0	0
Issuances	0	0
Sales	0	0
Settlements	(9)	(8)
Ending balance	298	386
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	3
MSRs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	2,618	1,108
Included in earnings	(526)	(54)
Included in unrealized net holding gains (losses) in OCI	0	0
Purchases	0	0
Issuances	187	22
Sales	0	0
Settlements	(129)	(40)
Ending balance	2,150	1,036
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	(526)
Net Derivatives
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	19	12
Included in earnings	111	8
Included in unrealized net holding gains (losses) in OCI	0	0
Purchases	0	0
Issuances	155	17
Sales	0	0
Settlements	(142)	(30)
Ending balance	143	7
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	154
Private Equity Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	440	393
Included in earnings	2	23
Included in unrealized net holding gains (losses) in OCI	0	0
Purchases	27	7
Issuances	0	0
Sales	0	(33)
Settlements	(21)	(2)
Ending balance	448	$ 388
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	$ 0

Fair Value Disclosures - Loans

Fair Value Disclosures - Loans Held for Sale (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value Disclosures
Fair Value	$ 3,655	$ 5,673
UPB	3,485	5,563
Difference	170	110
Trading Loans
Fair Value Disclosures
Fair Value	1,569	2,948
UPB	1,891	2,982
Difference	$ (322)	$ (34)

Fair Value Disclosures - Measur

Fair Value Disclosures - Measured on a Nonrecurring Basis (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
LHFS at fair value	$ 3,655		$ 5,673
Carrying Value	5,129		3,310
Carrying value	4,810		8,373
Unfunded Commitments Deferred Non Yield Related Loan Fees And Standby Letters Of Credit Carrying Value	400		373
Nonperforming
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
LHFS at fair value	41		107
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
LHFS at fair value	0		$ 0
LHFS | Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
LHFS at fair value	427	$ 0
Valuation Adjustments	(25)	0
Loans and leases | Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	101	154
Valuation Adjustments	(7)	(18)
Foreclosed real estate | Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value	63	33
Valuation Adjustments	$ (73)	$ (63)

Fair Value Disclosures - Financ

Fair Value Disclosures - Financial Assets and Liabilities Not Recorded at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financial assets:
Loans and leases HFI, net of ALLL	$ 314,018	$ 298,293
Financial liabilities:
Long-term debt	65,662	41,339
Carrying Amount
Financial assets:
Loans and leases HFI, net of ALLL	314,018	298,293
Financial liabilities:
Time deposits	35,539	35,896
Long-term debt	65,662	41,339
Fair Value | Level 2
Financial liabilities:
Time deposits	35,821	35,885
Long-term debt	64,998	42,051
Fair Value | Level 3
Financial assets:
Loans and leases HFI, net of ALLL	$ 314,838	$ 298,586

Derivative Financial Instrume_3

Derivative Financial Instruments - Classifications and Hedging Relationships (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	$ 325,969	$ 315,873
Fair Value, Gain	7,471	4,260
Gross amount	(3,942)	(3,336)
Derivative Asset [Abstract]
Amounts subject to master netting arrangements	(1,988)	(1,708)
Cash collateral (received) posted for amounts subject to master netting arrangements	(1,443)	(499)
Net Amount Presented in the Consolidated Balance Sheets	4,040	2,053
Derivative Liability [Abstract]
Amounts subject to master netting arrangements	1,988	1,708
Cash collateral (received) posted for amounts subject to master netting arrangements	1,190	1,262
Net amount	(764)	(366)
Fair value hedges | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	27,152	27,152
Fair Value, Gain	577	113
Gross amount	(5)	(27)
Fair value hedges | Interest rate contracts | Swap | Long-term debt
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	23,701	23,701
Fair Value, Gain	577	113
Gross amount	0	(25)
Fair value hedges | Interest rate contracts | Swap | Commercial Loan [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	44	44
Fair Value, Gain	0	0
Gross amount	0	0
Fair value hedges | Interest rate contracts | Options | Long-term debt
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	3,407	3,407
Fair Value, Gain	0	0
Gross amount	(5)	(2)
Not designated as hedges
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	298,817	288,721
Fair Value, Gain	6,894	4,147
Gross amount	(3,937)	(3,309)
Not designated as hedges | Client-related and other risk management
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	254,600	244,317
Fair Value, Gain	6,640	4,077
Gross amount	(3,618)	(3,282)
Not designated as hedges | Client-related and other risk management | Interest rate contracts | Swap
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	150,165	144,473
Fair Value, Gain	4,029	1,817
Gross amount	(1,026)	(673)
Not designated as hedges | Client-related and other risk management | Interest rate contracts | Options
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	24,997	25,938
Fair Value, Gain	59	28
Gross amount	(23)	(19)
Not designated as hedges | Client-related and other risk management | Interest rate contracts | Forward commitments
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	10,902	7,907
Fair Value, Gain	140	6
Gross amount	(147)	(7)
Not designated as hedges | Client-related and other risk management | Interest rate contracts | Other
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	2,483	1,807
Fair Value, Gain	0	0
Gross amount	0	0
Not designated as hedges | Client-related and other risk management | Equity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	39,452	38,426
Fair Value, Gain	1,483	1,988
Gross amount	(1,781)	(2,307)
Not designated as hedges | Client-related and other risk management | Credit Contract | Other
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	677	0
Fair Value, Gain	5	0
Gross amount	(5)	0
Not designated as hedges | Client-related and other risk management | Credit Contract | Loans and leases
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	1,179	894
Fair Value, Gain	18	0
Gross amount	(22)	(34)
Not designated as hedges | Client-related and other risk management | Credit Contract | Risk participation agreements
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	6,829	6,696
Fair Value, Gain	0	0
Gross amount	(9)	(2)
Not designated as hedges | Client-related and other risk management | Credit Contract | Total Return Swap
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	1,924	2,531
Fair Value, Gain	318	27
Gross amount	(4)	(11)
Not designated as hedges | Client-related and other risk management | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	13,192	12,986
Fair Value, Gain	242	144
Gross amount	(259)	(164)
Not designated as hedges | Client-related and other risk management | Commodity Contract
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	2,800	2,659
Fair Value, Gain	346	67
Gross amount	(342)	(65)
Not designated as hedges | Mortgage banking | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	19,428	17,562
Fair Value, Gain	210	46
Gross amount	(246)	(20)
Not designated as hedges | Mortgage banking | Interest rate contracts | Swap
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	300	535
Fair Value, Gain	0	0
Gross amount	0	0
Not designated as hedges | Mortgage banking | Interest rate contracts | Other
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	668	603
Fair Value, Gain	6	2
Gross amount	0	0
Not designated as hedges | Mortgage banking | Interest rate contracts | Interest rate lock commitments
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	7,605	4,427
Fair Value, Gain	177	34
Gross amount	(22)	(2)
Not designated as hedges | Mortgage banking | Interest rate contracts | When issued securities, forward rate agreements and forward commitments
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	10,855	11,997
Fair Value, Gain	27	10
Gross amount	(224)	(18)
Not designated as hedges | MSRs | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	24,789	26,842
Fair Value, Gain	44	24
Gross amount	(73)	(7)
Not designated as hedges | MSRs | Interest rate contracts | Swap
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	21,142	19,196
Fair Value, Gain	0	0
Gross amount	0	0
Not designated as hedges | MSRs | Interest rate contracts | Options
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	1,684	1,519
Fair Value, Gain	15	22
Gross amount	(19)	(2)
Not designated as hedges | MSRs | Interest rate contracts | Other
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	739	567
Fair Value, Gain	0	0
Gross amount	0	0
Not designated as hedges | MSRs | Interest rate contracts | When issued securities, forward rate agreements and forward commitments
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	1,224	5,560
Fair Value, Gain	29	2
Gross amount	$ (54)	$ (5)

Derivative Financial Instrume_4

Derivative Financial Instruments - Master Netting (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative Asset [Abstract]
Derivative Asset, Gross	$ 7,471	$ 4,260
Amount Offset	(3,431)	(2,207)
Net Amount Presented in the Consolidated Balance Sheets	4,040	2,053
Derivative, Collateral, Obligation to Return Securities	(25)	(18)
Net Amountl	4,015	2,035
Derivative Liability [Abstract]
Gross amount	(3,942)	(3,336)
Amount Offset	3,178	2,970
Net amount	(764)	(366)
Held/Pledged Financial Instruments	16	33
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(748)	(333)
Derivatives Subject to Master Netting Arrangements
Derivative Asset [Abstract]
Derivative Asset, Gross	6,333	3,516
Amount Offset	(2,897)	(2,003)
Net Amount Presented in the Consolidated Balance Sheets	3,436	1,513
Derivative, Collateral, Obligation to Return Securities	(24)	(17)
Net Amountl	3,412	1,496
Derivative Liability [Abstract]
Gross amount	(3,100)	(2,939)
Amount Offset	2,644	2,761
Net amount	(456)	(178)
Held/Pledged Financial Instruments	3	22
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(453)	(156)
Derivatives Not Subject to Master Netting Arrangement
Derivative Asset [Abstract]
Derivative Asset, Gross	590	138
Amount Offset	0	0
Net Amount Presented in the Consolidated Balance Sheets	590	138
Derivative, Collateral, Obligation to Return Securities	(1)	(1)
Net Amountl	589	137
Derivative Liability [Abstract]
Gross amount	(168)	(193)
Amount Offset	0	5
Net amount	(168)	(188)
Held/Pledged Financial Instruments	13	11
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(155)	(177)
Exchange Traded
Derivative Asset [Abstract]
Derivative Asset, Gross	548	606
Amount Offset	(534)	(204)
Net Amount Presented in the Consolidated Balance Sheets	14	402
Derivative, Collateral, Obligation to Return Securities	0	0
Net Amountl	14	402
Derivative Liability [Abstract]
Gross amount	(674)	(204)
Amount Offset	534	204
Net amount	(140)	0
Held/Pledged Financial Instruments	0	0
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	$ (140)	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Fair Value Hedges Basis Adjusments (Details) - Fair Value Hedges - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
AFS securities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Asset / Liability Basis	$ 433	$ 473
AFS securities | Items Currently Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment	0	0
AFS securities | Items No Longer Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment	56	65
Loans and leases
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Asset / Liability Basis	518	528
Loans and leases | Items Currently Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment	6	3
Loans and leases | Items No Longer Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment	14	15
Long-term debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Asset / Liability Basis	29,980	28,557
Long-term debt | Items Currently Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment	1,098	174
Long-term debt | Items No Longer Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment	$ 22	$ 23

Derivative Financial Instrume_6

Derivative Financial Instruments - Amounts Related to Cash Flow Hedges (Details) - Cash Flow Hedges - Interest Rate Contracts - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) recognized in OCI	$ 0	$ (40)
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into interest expense	(14)	5
Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) recognized in OCI	0	(10)
Deposits | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into interest expense	(2)	2
Short-term Debt
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) recognized in OCI	0	(10)
Short-term Debt | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into interest expense	(4)	1
Long-term debt
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) recognized in OCI	0	(20)
Long-term debt | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into interest expense	$ (8)	$ 2

Derivative Financial Instrume_7

Derivative Financial Instruments - Amounts Related to Fair Value Hedges (Details) - Fair Value Hedges - Interest Rate Contracts - Net interest income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized	$ 13	$ (16)
AFS securities
Derivative Instruments, Gain (Loss) [Line Items]
Amounts related to interest settlements	0	0
Recognized on derivatives	0	(7)
Recognized on hedged items	(2)	5
Net income (expense) recognized	(2)	(2)
Loans and leases
Derivative Instruments, Gain (Loss) [Line Items]
Amounts related to interest settlements	0	0
Recognized on derivatives	(3)	(8)
Recognized on hedged items	2	8
Net income (expense) recognized	(1)	0
Long-term debt
Derivative Instruments, Gain (Loss) [Line Items]
Amounts related to interest settlements	16	(22)
Recognized on derivatives	922	116
Recognized on hedged items	(922)	(108)
Net income (expense) recognized	$ 16	$ (14)

Derivative Financial Instrume_8

Derivative Financial Instruments - Cash Flow and Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Cash flow hedges
Derivative [Line Items]
Net unrecognized after-tax gain (loss) on active hedges recorded in AOCI	$ 0	$ 0
Net unrecognized after-tax gain (loss) on terminated hedges recorded in AOCI (to be recognized in earnings through 2022)	(90)	(101)
Estimated portion of net after-tax gain (loss) on active and terminated hedges to be reclassified from AOCI into earnings during the next 12 months	(34)	(37)
Fair Value Hedges
Derivative [Line Items]
Unrecognized pre-tax net gain (loss) on terminated hedges (to be recognized as interest primarily through 2029)	(48)	(57)
Portion of pre-tax net gain (loss) on terminated hedges to be recognized as a change in interest during the next 12 months	$ (4)	$ (6)

Derivative Financial Instrume_9

Derivative Financial Instruments - Amounts Related to Derivative Instruments Not Designated as Hedges (Details) - Not designated as hedges - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	$ 890	$ 51
Client-related and other risk management | Interest rate contracts | Investment banking and trading income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	(64)	10
Client-related and other risk management | Foreign exchange contracts | Investment banking and trading income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	107	2
Client-related and other risk management | Equity contracts | Investment banking and trading income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	(10)	0
Client-related and other risk management | Credit Contract | Investment banking and trading income and other income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income		0
Client-related and other risk management | Credit Contract | Investment banking and trading income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	459
Client-related and other risk management | Commodity Contract | Investment banking and trading income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	3	0
Mortgage banking | Interest rate contracts | Residential mortgage income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	(122)	(15)
Mortgage banking | Interest rate contracts | Commercial real estate related income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	2	0
MSRs | Interest rate contracts | Residential mortgage income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	495	54
MSRs | Interest rate contracts | Commercial real estate related income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	$ 20	$ 0

Derivative Financial Instrum_10

Derivative Financial Instruments - Risk Participation Agreements (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Total Return Swap
Credit Derivatives [Line Items]
Collateral Already Posted, Aggregate Fair Value	$ 783	$ 653
Risk Participation Agreements Sold
Credit Derivatives [Line Items]
Maximum potential amount of exposure	$ 410	$ 291

Derivative Financial Instrum_11

Derivative Financial Instruments - Dealer Counterparties and Central Clearing Parties (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Credit Derivatives [Line Items]
Unsecured positions in a net gain with counterparties after collateral postings	$ 4,015	$ 2,035
Dealer Counterparties
Credit Derivatives [Line Items]
Cash and other collateral received from counterparties	1,467	514
Derivatives in a net gain position secured by collateral received	1,581	615
Unsecured positions in a net gain with counterparties after collateral postings	114	101
Cash collateral posted	1,005	1,255
Derivatives in a net loss position	1,052	1,300
Additional collateral that would have been posted had the Company's credit ratings dropped below investment grade	13	12
Central Clearing Parties
Credit Derivatives [Line Items]
Derivatives in a net gain position secured by collateral received	5	0
Cash collateral posted	220	30
Derivatives in a net loss position	199	31
Securities pledged to central counterparties clearing	$ 663	$ 513

Computation of EPS (Details)

Computation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net income available to common shareholders	$ 986	$ 749
Weighted average number of common shares	1,344,372	764,135
Effect of dilutive outstanding equity-based awards	13,173	9,936
Weighted average number of diluted common shares	1,357,545	774,071
Basic EPS	$ 0.73	$ 0.98
Diluted EPS	$ 0.73	$ 0.97
Anti-dilutive awards	1,725	0

Operating Segments - Narrative

Operating Segments - Narrative (Details)	3 Months Ended
	Mar. 31, 2020numberOfSegments
Segment Reporting [Abstract]
Number of Major Reportable Business Segments	3

Operating Segments (Details)

Operating Segments (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		$ 3,650	$ 1,696
Allocated provision for credit losses		893	155
Segment net interest income after provision		2,757	1,541
Noninterest income		1,961	1,202
Total noninterest expense		3,431	1,768
Income before income taxes		1,287	975
Provision for income taxes		224	177
Net income		1,063	798
Identifiable assets (period end)		506,229		$ 473,078
CB-Retail
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		1,860	828
CB-Commercial
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		1,534	739
IH
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		36	34
OT&C
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	[1]	220	95
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		3,650	1,696
Allocated provision for credit losses		893	155
Segment net interest income after provision		2,757	1,541
Noninterest income		1,961	1,202
Total noninterest expense		3,431	1,768
Income before income taxes		1,287	975
Provision for income taxes		224	177
Net income		1,063	798
Identifiable assets (period end)		506,229	227,683
Operating Segments | CB-Retail
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		2,248	1,021
Allocated provision for credit losses		437	131
Segment net interest income after provision		1,811	890
Noninterest income		1,072	507
Total noninterest expense		1,993	882
Income before income taxes		890	515
Provision for income taxes		209	125
Net income		681	390
Identifiable assets (period end)		168,356	75,873
Operating Segments | CB-Commercial
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		1,340	634
Allocated provision for credit losses		399	20
Segment net interest income after provision		941	614
Noninterest income		460	244
Total noninterest expense		886	315
Income before income taxes		515	543
Provision for income taxes		92	113
Net income		423	430
Identifiable assets (period end)		203,363	85,911
Operating Segments | IH
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		25	23
Allocated provision for credit losses		1	3
Segment net interest income after provision		24	20
Noninterest income		557	515
Total noninterest expense		440	417
Income before income taxes		141	118
Provision for income taxes		36	30
Net income		105	88
Identifiable assets (period end)		7,009	6,376
Operating Segments | OT&C
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	[1]	37	18
Allocated provision for credit losses	[1]	56	1
Segment net interest income after provision	[1]	(19)	17
Noninterest income	[1]	(128)	(64)
Total noninterest expense	[1]	112	154
Income before income taxes	[1]	(259)	(201)
Provision for income taxes	[1]	(113)	(91)
Net income	[1]	(146)	(110)
Identifiable assets (period end)		127,501	59,523
Intersegment Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		0	0
Intersegment Eliminations | CB-Retail
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		388	193
Intersegment Eliminations | CB-Commercial
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		(194)	(105)
Intersegment Eliminations | IH
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		(11)	(11)
Intersegment Eliminations | OT&C
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	[1]	$ (183)	$ (77)
[1]	Includes financial data from business units below the quantitative and qualitative thresholds requiring disclosure.