Truist Financial (TFC) 10-Q 3 May 21 2021 Q1 Quarterly report Financial data

Cover

Cover	3 Months Ended
	Mar. 31, 2021shares
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Entity File Number	1-10853
Entity Registrant Name	TRUIST FINANCIAL CORPORATION
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	1,344,845,174
Entity Central Index Key	0000092230
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Transition Report	false
Entity Incorporation, State or Country Code	NC
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 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 Preferred Stock
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
Series O Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TFC.PO
Security Exchange Name	NYSE
Series R Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares each representing 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TFC.PR
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Assets
Cash and Due from Banks	$ 5,097	$ 5,029
Interest-bearing deposits with banks	27,035	13,839
Securities borrowed or purchased under resale agreements	1,349	1,745
Trading assets at fair value	5,094	3,872
AFS securities at fair value	123,807	120,788
LHFS (including $5,465 and $4,955 at fair value, respectively)	5,668	6,059
Loans and leases	291,511	299,734
ALLL	(5,662)	(5,835)
Loans and leases, net of ALLL	285,849	293,899
Premises and equipment	3,787	3,870
Goodwill	24,356	24,447
CDI and other intangible assets	2,825	2,984
MSRs at fair value	2,365	2,023
Other assets (including $3,801 and $4,891 at fair value, respectively)	30,305	30,673
Identifiable assets (period end)	517,537	509,228
Liabilities
Noninterest-bearing deposits	136,555	127,629
Interest-bearing deposits	259,007	253,448
Short-term borrowings (including $1,313 and $1,115 at fair value, respectively)	5,889	6,092
Long-term debt	37,753	39,597
Other liabilities (including $704 and $555 at fair value, respectively)	10,457	11,550
Total liabilities	449,661	438,316
Shareholders’ Equity
Preferred stock, $5 par value, liquidation preference of $25,000 per share	7,124	8,048
Common stock, $5 par value	6,724	6,745
Additional paid-in capital	35,360	35,843
Retained earnings	20,184	19,455
AOCI, net of deferred income taxes	(1,516)	716
Noncontrolling interests	0	105
Total shareholders’ equity	67,876	70,912
Total liabilities and shareholders’ equity	$ 517,537	$ 509,228
Common shares outstanding	1,344,845	1,348,961
Common shares authorized	2,000,000	2,000,000
Preferred shares outstanding	107	280
Preferred shares authorized	5,000	5,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Loans Held for Sale, Fair Value	$ 5,465	$ 4,955
MSRs at fair value	2,365	2,023
Other Assets, Fair Value Disclosure	3,801	4,891
Short-term borrowings, fair value	1,313	1,115
Other Liabilities, Fair Value Disclosure	$ 704	$ 555
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, 2021	Mar. 31, 2020
Interest Income
Interest and fees on loans and leases	$ 3,002	$ 3,776
Interest on securities	443	494
Interest on other earning assets	49	156
Total interest income	3,494	4,426
Interest Expense
Interest on deposits	47	421
Interest on long-term debt	148	272
Interest on other borrowings	14	83
Total interest expense	209	776
Net Interest Income	3,285	3,650
Provision for credit losses	48	893
Net Interest Income After Provision for Credit Losses	3,237	2,757
Noninterest Income
Noninterest income	2,197	1,961
Noninterest Expense
Personnel expense	2,142	1,972
Professional fees and outside processing	350	247
Net occupancy expense	209	221
Software expense	210	210
Amortization of intangibles	144	165
Equipment expense	113	116
Marketing and customer development	66	84
Operating lease depreciation	50	71
Loan-related expense	54	62
Regulatory costs	25	29
Merger-related and restructuring charges	141	107
Loss (gain) on early extinguishment of debt	(3)	0
Other expense	109	147
Total noninterest expense	3,610	3,431
Earnings
Income before income taxes	1,824	1,287
Provision for income taxes	351	224
Net income	1,473	1,063
Noncontrolling interests	(4)	3
Net income available to the bank holding company	1,477	1,060
Preferred stock dividends and other	143	74
Net income available to common shareholders	$ 1,334	$ 986
Basic EPS	$ 0.99	$ 0.73
Diluted EPS	$ 0.98	$ 0.73
Basic weighted average shares outstanding (in shares)	1,345,666	1,344,372
Diluted weighted average shares outstanding (in shares)	1,358,932	1,357,545
Insurance income
Noninterest Income
Noninterest income	$ 626	$ 549
Wealth management income
Noninterest Income
Noninterest income	341	332
Service charges on deposits
Noninterest Income
Noninterest income	258	305
Residential mortgage income
Noninterest Income
Noninterest income	100	245
Investment banking and trading income
Noninterest Income
Noninterest income	340	118
Card and payment related fees
Noninterest Income
Noninterest income	200	187
Lending related fees
Noninterest Income
Noninterest income	100	67
Operating lease income
Noninterest Income
Noninterest income	68	77
Commercial real estate related income
Noninterest Income
Noninterest income	43	44
Income from bank-owned life insurance
Noninterest Income
Noninterest income	50	44
Securities gains (losses)
Noninterest Income
Noninterest income	0	(2)
Other income (loss)
Noninterest Income
Noninterest income	$ 71	$ (5)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 1,473	$ 1,063
OCI, net of tax:
Net change in net pension and postretirement costs	35	15
Net change in cash flow hedges	36	11
Net change in AFS securities	(2,304)	1,721
Other, net	1	(5)
Total OCI, net of tax	(2,232)	1,742
Total comprehensive income	(759)	2,805
Income Tax Effect of Items Included in OCI:
Net change in net pension and postretirement costs	11	5
Net change in cash flow hedges	11	3
Net change in AFS securities	(707)	527
Total income taxes related to OCI	$ (685)	$ 535

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, 2019	$ 66,558	$ 6,711	$ 5,102	$ 35,609	$ 19,806	$ (844)	$ 174
Beginning balance (in shares) at Dec. 31, 2019		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	(500)		(503)		3
Cash dividends declared on common stock	(605)				(605)
Cash dividends declared on preferred stock	(77)				(77)
Equity-based compensation expense	79			79
Cumulative effect adjustment for new accounting standards	(2,109)				(2,109)
Other, net	(10)			0	0		(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
Beginning balance at Dec. 31, 2020	$ 70,912	$ 6,745	8,048	35,843	19,455	716	105
Beginning balance (in shares) at Dec. 31, 2020	1,348,961	1,348,961
Add (Deduct):
Net income	$ 1,473				1,477		(4)
OCI	(2,232)					(2,232)
Stock transactions:
Issued in connection with equity awards, net	(84)	$ 27		(111)
Issued in connection with equity awards, net (in shares)		5,388
Repurchase of common stock (in shares)		(9,504)
Repurchase of common stock	(506)	$ (48)		(458)
Redemption of preferred stock	(950)		(924)		(26)
Cash dividends declared on common stock	(605)				(605)
Cash dividends declared on preferred stock	(117)				(117)
Equity-based compensation expense	86			86
Other, net	(101)						(101)
Ending balance at Mar. 31, 2021	$ 67,876	$ 6,724	$ 7,124	$ 35,360	$ 20,184	$ (1,516)	$ 0
Ending balance (in shares) at Mar. 31, 2021	1,344,845	1,344,845

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash Flows From Operating Activities:
Net income	$ 1,473	$ 1,063
Adjustments to reconcile net income to net cash from operating activities:
Provision for credit losses	48	893
Depreciation	201	234
Amortization of intangibles	144	165
Equity-based compensation expense	86	79
Securities (gains) losses	0	2
Net change in operating assets and liabilities:
LHFS	(510)	2,898
MSRs	(342)	480
Pension asset	(452)	(336)
Derivative assets and liabilities	1,060	(1,728)
Trading assets	(1,222)	1,870
Other assets and other liabilities	(915)	(1,590)
Other, net	396	598
Net cash from operating activities	(33)	4,628
Cash Flows From Investing Activities:
Proceeds from sales of AFS securities	60	1,506
Proceeds from maturities, calls and paydowns of AFS securities	8,862	2,513
Purchases of AFS securities	(15,601)	(4,029)
Originations and purchases of loans and leases, net of sales and principal collected	8,249	(18,024)
Net cash received (paid) for FHLB stock	40	(651)
Net cash paid for premises and equipment	(99)	(464)
Net cash received (paid) for mergers, acquisitions and divestitures	1,130	(62)
Other, net	478	(304)
Net cash from investing activities	3,119	(19,515)
Cash Flows From Financing Activities:
Net change in deposits	14,489	15,474
Net change in short-term borrowings	(203)	(5,522)
Proceeds from issuance of long-term debt	1,299	24,288
Repayment of long-term debt	(3,032)	(782)
Repurchase of common stock	(506)	0
Redemption of preferred stock	(950)	(500)
Cash dividends paid on common stock	(605)	(605)
Cash dividends paid on preferred stock	(117)	(77)
Other, net	(197)	(106)
Net cash from financing activities	10,178	32,170
Net Change in Cash and Cash Equivalents	13,264	17,283
Cash and Cash Equivalents, January 1	18,868	19,065
Cash and Cash Equivalents, March 31	32,132	36,348
Supplemental Disclosure of Cash Flow Information:
Net cash paid (received) during the period for interest expense	248	758
Net cash paid (received) during the period for income taxes	$ 28	$ 11

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2021
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 annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. The information contained in the financial statements and notes included in the Annual Report on Form 10-K for the year ended December 31, 2020 should be referred to in connection with these unaudited interim consolidated financial statements. There were no 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, 2020 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. Changes in Accounting Principles and Effects of New Accounting Pronouncements There were no standards adopted during the current year that had a material effect on the Company’s financial statements, and no standards not yet adopted by the Company that are expected to have a material effect on the Company’s financial statements.

Securities Financing Activities

Securities Financing Activities	3 Months Ended
	Mar. 31, 2021
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 Company monitors collateral values daily and calls for additional collateral to be provided as warranted under the respective agreements. At March 31, 2021 and December 31, 2020, the total market value of collateral held was $1.3 billion and $1.7 billion, of which amounts repledged were immaterial at March 31, 2021 and $27 million at December 31, 2020. The following table presents securities borrowed or purchased under resale agreements: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Securities purchased under resale agreements $ 705 $ 1,158 Securities borrowed 644 587 Total securities borrowed or purchased under resale agreements $ 1,349 $ 1,745 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, 2021 December 31, 2020 (Dollars in millions) Overnight and Continuous Up to 30 days Total Overnight and Continuous Up to 30 days Total U.S. Treasury $ 244 $ 13 $ 257 $ 305 $ 31 $ 336 GSE 1 20 21 45 9 54 Agency MBS - residential 675 109 784 442 6 448 Corporate and other debt securities 218 213 431 204 179 383 Total securities sold under agreements to repurchase $ 1,138 $ 355 $ 1,493 $ 996 $ 225 $ 1,221 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, 2021
Investments, Debt and Equity Securities [Abstract]
Securities	Investment Securities The following tables summarize the Company’s AFS securities: March 31, 2021 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 1,763 $ 19 $ 14 $ 1,768 GSE 1,839 64 — 1,903 Agency MBS - residential 117,401 1,273 2,223 116,451 Agency MBS - commercial 3,174 41 38 3,177 States and political subdivisions 440 38 2 476 Other 31 1 — 32 Total AFS securities $ 124,648 $ 1,436 $ 2,277 $ 123,807 December 31, 2020 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 1,721 $ 25 $ — $ 1,746 GSE 1,840 77 — 1,917 Agency MBS - residential 111,589 1,975 23 113,541 Agency MBS - commercial 2,987 72 2 3,057 States and political subdivisions 447 47 1 493 Other 34 — — 34 Total AFS securities $ 118,618 $ 2,196 $ 26 $ 120,788 Certain securities issued by FNMA and FHLMC exceeded 10 percent of shareholders’ equity at March 31, 2021. The FNMA investments had total amortized cost and fair value of $33.6 billion and $33.0 billion, respectively. The FHLMC investments had total amortized cost and fair value of $33.7 billion and $32.9 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, 2021 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 $ 250 $ 1,513 $ — $ — $ 1,763 $ 250 $ 1,518 $ — $ — $ 1,768 GSE 340 1,430 — 69 1,839 346 1,485 — 72 1,903 Agency MBS - residential — 1 389 117,011 117,401 — 1 402 116,048 116,451 Agency MBS - commercial — 1 12 3,161 3,174 — 2 12 3,163 3,177 States and political subdivisions 39 110 100 191 440 40 114 112 210 476 Other 1 6 — 24 31 1 6 — 25 32 Total AFS securities $ 630 $ 3,061 $ 501 $ 120,456 $ 124,648 $ 637 $ 3,126 $ 526 $ 119,518 $ 123,807 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, 2021 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: U.S. Treasury $ 704 $ 14 $ — $ — $ 704 $ 14 GSE 3 — — — 3 — Agency MBS - residential 71,675 2,221 165 2 71,840 2,223 Agency MBS - commercial 2,080 38 3 — 2,083 38 States and political subdivisions 42 1 32 1 74 2 Total $ 74,504 $ 2,274 $ 200 $ 3 $ 74,704 $ 2,277 Less than 12 months 12 months or more Total December 31, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: U.S. Treasury $ 17 $ — $ — $ — $ 17 $ — Agency MBS - residential 4,028 21 203 2 4,231 23 Agency MBS - commercial 463 2 4 — 467 2 States and political subdivisions 20 — 32 1 52 1 Other 6 — — — 6 — Total $ 4,534 $ 23 $ 239 $ 3 $ 4,773 $ 26 At March 31, 2021, 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 following table presents gross securities gains and losses recognized in earnings: Three Months Ended March 31, 2021 2020 Gross realized gains $ — $ — Gross realized losses — (2) Securities gains (losses), net $ — $ (2)

Loans and ACL

Loans and ACL	3 Months Ended
	Mar. 31, 2021
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. The past due status of loans that received a deferral under the CARES Act is generally frozen during the deferral period. In certain limited circumstances, accommodation programs result in the delinquency status being reset to current. Accruing March 31, 2021 Current 30-89 Days Past Due 90 Days Or More Past Due Nonperforming Total Commercial: Commercial and industrial $ 134,850 $ 117 $ 14 $ 451 $ 135,432 CRE 25,832 9 — 58 25,899 Commercial construction 6,542 4 — 13 6,559 Lease financing 4,825 35 — 23 4,883 Consumer: Residential mortgage 42,456 577 975 290 44,298 Residential home equity and direct 25,068 82 11 172 25,333 Indirect auto 25,950 328 2 158 26,438 Indirect other 10,579 45 1 6 10,631 Student 5,885 556 1,037 — 7,478 Credit card 4,493 35 32 — 4,560 Total $ 286,480 $ 1,788 $ 2,072 $ 1,171 $ 291,511 Accruing December 31, 2020 Current 30-89 Days Past Due 90 Days Or More Past Due Nonperforming Total Commercial: Commercial and industrial $ 137,726 $ 83 $ 13 $ 532 $ 138,354 CRE 26,506 14 — 75 26,595 Commercial construction 6,472 5 — 14 6,491 Lease financing 5,206 6 — 28 5,240 Consumer: Residential mortgage 45,333 782 841 316 47,272 Residential home equity and direct 25,751 98 10 205 26,064 Indirect auto 25,498 495 2 155 26,150 Indirect other 11,102 68 2 5 11,177 Student 5,823 618 1,111 — 7,552 Credit card 4,759 51 29 — 4,839 Total $ 294,176 $ 2,220 $ 2,008 $ 1,330 $ 299,734 The following table presents the amortized cost basis of loans by origination year and credit quality indicator: March 31, 2021 Amortized Cost Basis by Origination Year Revolving Credit Loans Converted to Term Other (1) 2021 2020 2019 2018 2017 Prior Total Commercial: Commercial and industrial: Pass $ 9,085 $ 28,582 $ 17,269 $ 11,717 $ 6,896 $ 12,834 $ 42,694 $ — $ (608) $ 128,469 Special mention 73 480 466 325 93 255 1,778 — — 3,470 Substandard 132 364 444 331 119 364 1,289 — (1) 3,042 Nonperforming 7 39 57 41 24 99 183 — 1 451 Total 9,297 29,465 18,236 12,414 7,132 13,552 45,944 — (608) 135,432 CRE: Pass 987 4,110 6,311 4,138 2,582 3,267 561 — (63) 21,893 Special mention 39 125 546 337 85 146 — — — 1,278 Substandard 84 418 843 606 304 410 5 — — 2,670 Nonperforming 2 1 — 1 9 45 — — — 58 Total 1,112 4,654 7,700 5,082 2,980 3,868 566 — (63) 25,899 Commercial construction: Pass 315 1,132 2,166 1,570 177 113 594 — 4 6,071 Special mention — — 187 50 1 — 2 — — 240 Substandard 2 62 42 65 63 1 — — — 235 Nonperforming — 1 2 — 7 — 2 — 1 13 Total 317 1,195 2,397 1,685 248 114 598 — 5 6,559 Lease financing: Pass 268 1,327 937 677 658 910 — — (66) 4,711 Special mention — — 34 16 3 8 — — — 61 Substandard — — 33 7 3 45 — — — 88 Nonperforming — 2 4 2 10 5 — — — 23 Total 268 1,329 1,008 702 674 968 — — (66) 4,883 Consumer: Residential mortgage: Performing 2,055 8,040 5,729 3,137 3,687 21,240 — — 120 44,008 Nonperforming — 2 14 20 13 241 — — — 290 Total 2,055 8,042 5,743 3,157 3,700 21,481 — — 120 44,298 Residential home equity and direct: Performing 1,375 3,944 2,721 1,190 387 653 11,448 3,413 30 25,161 Nonperforming — 2 5 2 1 7 57 96 2 172 Total 1,375 3,946 2,726 1,192 388 660 11,505 3,509 32 25,333 Indirect auto: Performing 2,881 9,678 6,664 3,528 2,043 1,335 — — 151 26,280 Nonperforming — 22 52 40 26 24 — — (6) 158 Total 2,881 9,700 6,716 3,568 2,069 1,359 — — 145 26,438 Indirect other: Performing 952 3,923 2,542 1,467 703 1,011 — — 27 10,625 Nonperforming — 2 1 1 — 2 — — — 6 Total 952 3,925 2,543 1,468 703 1,013 — — 27 10,631 Student — 24 104 89 75 7,200 — — (14) 7,478 Credit card — — — — — — 4,525 35 — 4,560 Total $ 18,257 $ 62,280 $ 47,173 $ 29,357 $ 17,969 $ 50,215 $ 63,138 $ 3,544 $ (422) $ 291,511 December 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 $ 34,858 $ 18,881 $ 13,312 $ 7,713 $ 5,174 $ 8,888 $ 42,780 $ 231 $ (579) $ 131,258 Special mention 471 434 343 98 120 157 1,808 5 (1) 3,435 Substandard 461 445 339 121 144 256 1,353 12 (2) 3,129 Nonperforming 38 92 48 29 25 61 233 4 2 532 Total 35,828 19,852 14,042 7,961 5,463 9,362 46,174 252 (580) 138,354 CRE: Pass 4,563 6,600 4,427 2,752 1,473 2,096 617 — (69) 22,459 Special mention 171 599 585 116 77 141 — — — 1,689 Substandard 410 776 438 281 182 280 5 — — 2,372 Nonperforming 1 15 1 9 6 43 — — — 75 Total 5,145 7,990 5,451 3,158 1,738 2,560 622 — (69) 26,595 Commercial construction: Pass 1,052 2,141 1,889 232 27 110 534 — 2 5,987 Special mention — 108 64 1 — — 2 — — 175 Substandard 70 106 73 59 6 1 — — — 315 Nonperforming 1 3 — 7 — — — 3 — 14 Total 1,123 2,358 2,026 299 33 111 536 3 2 6,491 Lease financing: Pass 1,377 1,139 775 746 241 760 — — 27 5,065 Special mention 1 39 20 5 — 7 — — — 72 Substandard — 34 3 4 3 31 — — — 75 Nonperforming 2 5 3 9 4 5 — — — 28 Total 1,380 1,217 801 764 248 803 — — 27 5,240 Consumer: Residential mortgage: Performing 8,197 6,729 3,735 4,374 5,424 18,333 — — 164 46,956 Nonperforming 3 13 16 13 14 257 — — — 316 Total 8,200 6,742 3,751 4,387 5,438 18,590 — — 164 47,272 Residential home equity and direct: Performing 4,513 3,126 1,416 481 214 557 13,886 1,619 47 25,859 Nonperforming 1 4 2 1 1 7 87 101 1 205 Total 4,514 3,130 1,418 482 215 564 13,973 1,720 48 26,064 Indirect auto: Performing 10,270 7,436 4,015 2,401 1,220 506 — — 147 25,995 Nonperforming 13 50 44 27 15 12 — — (6) 155 Total 10,283 7,486 4,059 2,428 1,235 518 — — 141 26,150 Indirect other: Performing 4,433 3,019 1,706 826 431 718 — — 39 11,172 Nonperforming 1 1 1 — — 2 — — — 5 Total 4,434 3,020 1,707 826 431 720 — — 39 11,177 Student 22 110 95 81 64 7,185 — — (5) 7,552 Credit card — — — — — — 4,802 37 — 4,839 Total $ 70,929 $ 51,905 $ 33,350 $ 20,386 $ 14,865 $ 40,413 $ 66,107 $ 2,012 $ (233) $ 299,734 (1) Includes certain deferred fees and costs, unapplied payments, and other adjustments. ACL The following tables present activity in the ACL: (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 (Dollars in millions) Balance at Jan 1, 2021 Charge-Offs Recoveries Provision (Benefit) Other (2) Balance at Mar 31, 2021 Commercial: Commercial and industrial $ 2,156 $ (73) $ 19 $ (11) $ — $ 2,091 CRE 573 (4) 1 (26) — 544 Commercial construction 81 (2) 1 (3) — 77 Lease financing 48 (6) — 3 — 45 Consumer: Residential mortgage 368 (11) 2 (16) — 343 Residential home equity and direct 714 (55) 18 30 — 707 Indirect auto 1,198 (105) 22 61 — 1,176 Indirect other 208 (17) 6 (10) — 187 Student 130 (3) — 2 2 131 Credit card 359 (40) 9 33 — 361 ALLL 5,835 (316) 78 63 2 5,662 RUFC 364 — — (15) — 349 ACL $ 6,199 $ (316) $ 78 $ 48 $ 2 $ 6,011 (1) Balance is prior to the adoption of CECL. (2) Includes the adoption of CECL, the ALLL for PCD acquisitions, and other activity. The commercial ALLL decreased $101 million as of March 31, 2021 compared to December 31, 2020 due to lower loan balances and improving economic conditions. The consumer ALLL decreased $74 million as of March 31, 2021 compared to December 31, 2020. The decrease reflects lower loan balances primarily in the mortgage and indirect other portfolios and improved economic conditions. The RUFC decreased $15 million as of March 31, 2021 compared to December 31, 2020. The decrease reflects a change in the composition of unfunded commitments and the improving economic forecast. Truist’s ACL estimate represents management’s best estimate of expected credit losses related to the loan and lease portfolio, including unfunded commitments, at the balance sheet date. This estimate incorporates both quantitatively-derived 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, unemployment trends, US real GDP, corporate credit spreads, rental rates, property values, the primary 30-year mortgage rate, home price indices and used car prices. The primary economic forecast incorporates a third -party baseline forecast that is adjusted to reflect Truist’s interest rate outlook. Management also considered multiple third-party macro-economic forecasts that reflected a range of possible outcomes in order to capture uncertainty in the economic environment caused by the pandemic. The economic forecast shaping the ACL estimate at March 31, 2021 included a GDP recovery to pre-pandemic levels in the third quarter of 2021 with an improving unemployment rate to the mid-single-digits through the end of 2021 followed by continued improvement through the remainder of the 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 March 31, 2021 ACL estimate includes qualitative adjustments to address limitations in modeled results with respect to forecasted economic conditions that are well outside of historic economic ranges used to develop the models. These adjustments give consideration to other risks in the portfolio, including the impact of government relief programs, stimulus and client accommodations, that are not directly considered in the quantitative models. PCD Loan Activity For PCD loans, the initial estimate of expected credit losses is recognized in the ALLL on the date of acquisition using the same methodology as other loans held for investment. The following table provides a summary of purchased student loans with credit deterioration at acquisition: Three Months Ended March 31, 2021 Par value $ 122 ALLL at acquisition (2) Non-credit premium (discount) — Purchase price $ 120 NPAs The following table provides a summary of nonperforming loans, excluding LHFS. Interest income recognized on nonperforming loans HFI was $10 million and $8 million for the three months ended March 31, 2021 and 2020, respectively. March 31, 2021 December 31, 2020 Recorded Investment Recorded Investment (Dollars in millions) Without an ALLL With an ALLL Without an ALLL With an ALLL Commercial: Commercial and industrial $ 104 $ 347 $ 82 $ 450 CRE 36 22 63 12 Commercial construction — 13 — 14 Lease financing — 23 — 28 Consumer: Residential mortgage 3 287 4 312 Residential home equity and direct 2 170 2 203 Indirect auto 1 157 1 154 Indirect other — 6 — 5 Total $ 146 $ 1,025 $ 152 $ 1,178 The following table presents a summary of nonperforming assets and residential mortgage loans in the process of foreclosure. (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Nonperforming loans and leases HFI $ 1,171 $ 1,330 Nonperforming LHFS 72 5 Foreclosed real estate 18 20 Other foreclosed property 38 32 Total nonperforming assets $ 1,299 $ 1,387 Residential mortgage loans in the process of foreclosure $ 128 $ 140 TDRs The following table presents a summary of TDRs: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Performing TDRs: Commercial: Commercial and industrial $ 142 $ 78 CRE 47 47 Lease financing 59 60 Consumer: Residential mortgage 733 648 Residential home equity and direct 109 88 Indirect auto 399 392 Indirect other 7 6 Student 8 5 Credit card 35 37 Total performing TDRs 1,539 1,361 Nonperforming TDRs 207 164 Total TDRs $ 1,746 $ 1,525 ALLL attributable to TDRs $ 278 $ 260 The primary reason loan modifications were classified as TDRs is summarized in the tables below. New TDR balances represent the recorded investment at the end of the quarter in which the modification was made. The prior quarter balance represents recorded investment at the beginning 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. March 31, 2021 Type of Modification Prior Quarter Loan Balance ALLL at Period End Rate Structure Newly designated TDRs: Commercial: Commercial and industrial $ 27 $ 93 $ 135 $ 12 CRE — 10 12 1 Consumer: Residential mortgage 53 93 145 4 Residential home equity and direct 2 25 28 1 Indirect auto 19 33 56 8 Indirect other 1 1 1 — Student — 3 3 — Credit card 4 — 4 2 Re-modification of previously designated TDRs 14 14 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 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 $14 million and $21 million for the three months ended March 31, 2021 and 2020, respectively. Payment default is defined as movement of the TDR to nonperforming status, foreclosure, or charge-off, whichever occurs first. 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, 2021 Dec 31, 2020 Unearned income, discounts and net deferred loan fees and costs $ 1,926 $ 2,219

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Other Intangible Assets	Goodwill and Other Intangible Assets The Company performed a qualitative assessment of current events and circumstances during the first quarter of 2021, including macroeconomic and market factors, industry and banking sector events, Truist specific performance indicators, and a comparison of management’s forecast and assumptions to those used in its October 1, 2020 quantitative impairment test, 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, 2021, and therefore no triggering event occurred that required a quantitative goodwill impairment test. See “Note 1. Basis of Presentation” and “Note 7. Goodwill and Other Intangible Assets” in Truist’s Annual Report on Form 10-K for the year ended December 31, 2020 for additional information. The changes in the carrying amount of goodwill attributable to operating segments are reflected in the table below. The adjustments for 2021 to CB&W reflect the divestiture of certain businesses. Refer to “Note 17. Operating Segments” for additional information on segments. (Dollars in millions) CB&W C&CB IH Total Goodwill, January 1, 2020 $ 14,040 $ 8,125 $ 1,989 $ 24,154 Mergers and acquisitions — — 450 450 Adjustments and other 1,801 (1,958) — (157) Goodwill, December 31, 2020 15,841 6,167 2,439 24,447 Mergers and acquisitions — — 13 13 Adjustments and other (124) 8 12 (104) Goodwill, March 31, 2021 $ 15,717 $ 6,175 $ 2,464 $ 24,356 The following table, which excludes fully amortized intangibles, presents information for identifiable intangible assets: March 31, 2021 December 31, 2020 (Dollars in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount CDI $ 2,600 $ (947) $ 1,653 $ 2,600 $ (852) $ 1,748 Other, primarily client relationship intangibles 2,155 (983) 1,172 2,217 (981) 1,236 Total $ 4,755 $ (1,930) $ 2,825 $ 4,817 $ (1,833) $ 2,984

Loan Servicing

Loan Servicing	3 Months Ended
	Mar. 31, 2021
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, 2021 Dec 31, 2020 UPB of residential mortgage loan servicing portfolio $ 228,636 $ 239,034 UPB of residential mortgage loans serviced for others, primarily agency conforming fixed rate 179,836 188,341 Mortgage loans sold with recourse 304 328 Maximum recourse exposure from mortgage loans sold with recourse liability 188 201 Indemnification, recourse and repurchase reserves 90 93 As of / For the Three Months Ended March 31, 2021 2020 UPB of residential mortgage loans sold from LHFS $ 9,489 $ 12,669 Pre-tax gains recognized on mortgage loans sold and held for sale 119 188 Servicing fees recognized from mortgage loans serviced for others 141 169 Approximate weighted average servicing fee on the outstanding balance of residential mortgage loans serviced for others 0.31 % 0.31 % Weighted average interest rate on mortgage loans serviced for others 3.76 4.02 The following table presents a roll forward of the carrying value of residential MSRs recorded at fair value: Three Months Ended March 31, 2021 2020 Residential MSRs, carrying value, January 1 $ 1,778 $ 2,371 Additions 174 178 Change in fair value due to changes in valuation inputs or assumptions: Prepayment speeds 219 (522) OAS 141 45 Servicing costs — — Realization of expected net servicing cash flows, passage of time and other (209) (148) Residential MSRs, carrying value, March 31 $ 2,103 $ 1,924 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, 2021 December 31, 2020 Range Weighted Average Range Weighted Average (Dollars in millions) Min Max Min Max Prepayment speed 8.8 % 28.6 % 13.0 % 12.8 % 30.8 % 15.4 % Effect on fair value of a 10% increase $ (100) $ (89) Effect on fair value of a 20% increase (191) (171) OAS 2.7 % 15.0 % 5.3 % 3.5 % 13.7 % 7.3 % Effect on fair value of a 10% increase $ (45) $ (45) Effect on fair value of a 20% increase (87) (88) Composition of loans serviced for others: Fixed-rate residential mortgage loans 98.9 % 98.8 % Adjustable-rate residential mortgage loans 1.1 1.2 Total 100.0 % 100.0 % Weighted average life 5.4 years 4.8 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, 2021 Dec 31, 2020 UPB of CRE mortgages serviced for others $ 37,089 $ 36,670 CRE mortgages serviced for others covered by recourse provisions 9,604 9,019 Maximum recourse exposure from CRE mortgages sold with recourse liability 2,754 2,624 Recorded reserves related to recourse exposure 18 18 CRE mortgages originated during the year-to-date period 1,305 6,739 Commercial MSRs at fair value 262 245

Other Assets and Liabilites

Other Assets and Liabilites	3 Months Ended
	Mar. 31, 2021
Other Assets [Abstract]
Other Assets and Liabilities 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. The following tables present additional information on leases, excluding leases related to the lease financing businesses: March 31, 2021 December 31, 2020 (Dollars in millions) Operating Leases Finance Leases Operating Leases Finance Leases ROU assets $ 1,277 $ 31 $ 1,333 $ 36 Lease liabilities 1,812 38 1,896 42 Weighted average remaining term 6.8 years 6.2 years 6.9 years 6.3 years Weighted average discount rate 2.4 % 4.2 % 2.4 % 4.8 % Three Months Ended March 31, 2021 2020 Operating lease costs $ 85 $ 96 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, 2021 Dec 31, 2020 Assets held under operating leases (1) $ 1,976 $ 2,144 Accumulated depreciation (458) (517) Net $ 1,518 $ 1,627 (1) Includes certain land parcels subject to operating leases that have indefinite lives. The carrying value of assets previously under operating leases was immaterial. Bank-Owned Life Insurance Bank-owned life insurance consists of life insurance policies held on certain teammates 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 $6.5 billion at March 31, 2021 and December 31, 2020.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Debt Disclosure	Borrowings The following table presents a summary of short-term borrowings: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Federal funds purchased $ 130 $ 79 Securities sold under agreements to repurchase 1,493 1,221 FHLB advances 2,000 2,649 Collateral in excess of derivative exposures 367 385 Master notes 578 621 Other short-term borrowings 1,321 1,137 Total short-term borrowings $ 5,889 $ 6,092 The following table presents a summary of long-term debt: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Truist Financial Corporation: Fixed rate senior notes $ 15,191 $ 15,984 Floating rate senior notes 600 900 Fixed rate subordinated notes 1,277 1,283 Capital notes 617 615 Structured notes (1) 109 108 Truist Bank: Fixed rate senior notes 11,170 11,907 Floating rate senior notes 1,451 1,567 Fixed rate subordinated notes 5,128 5,142 FHLB advances 874 878 Other long-term debt (2) 1,139 1,014 Nonbank subsidiaries: Other long-term debt (3) 197 199 Total long-term debt $ 37,753 $ 39,597 (1) Consist of notes with various terms that include fixed or floating rate interest or returns that are linked to an equity index. (2) Includes debt associated with finance leases, tax credit investments, and other. (3) Includes debt associated with structured real estate leases. The Company does not consolidate certain wholly-owned trusts which were formed for the sole purpose of issuing trust preferred securities. The proceeds from the trust preferred securities issuances were invested in capital notes of the Parent Company. The Parent Company’s obligations constitute a full and unconditional guarantee of the trust preferred securities.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Stock The following table presents the dividends declared per share of common stock: Three Months Ended March 31, 2021 2020 Cash dividends declared per share $ 0.45 $ 0.45 Share Repurchase Activity In December 2020, Truist announced the Board of Directors had authorized the repurchase of up to $2.0 billion of common stock beginning in the first quarter of 2021 to optimize Truist’s capital position. During the first quarter of 2021, the Company repurchased $506 million of common stock, which represented 9.5 million shares, through a combination of open market and accelerated share repurchases. Repurchased shares revert to the status of authorized and unissued shares upon repurchase. At March 31, 2021, Truist had remaining authorization to repurchase up to $1.5 billion of common stock under the Board approved repurchase plan. Preferred Stock During the first quarter of 2021, the Company redeemed all 18,000 outstanding shares of its perpetual preferred stock series F and the corresponding depositary shares representing fractional interests in such series for $450 million, and all 20,000 outstanding shares of its perpetual preferred stock series G and the corresponding depositary shares representing fractional interests in such series for $500 million. In April 2021, the Company announced the redemption of all 18,600 outstanding shares of its perpetual preferred stock series H and the corresponding depositary shares representing fractional interests in such series for $465 million.

AOCI

AOCI	3 Months Ended
	Mar. 31, 2021
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, 2021 and 2020 Pension and OPEB Costs Cash Flow Hedges AFS Securities Other, net Total 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 AOCI balance, January 1, 2021 $ (875) $ (64) $ 1,654 $ 1 $ 716 OCI before reclassifications, net of tax 28 — (2,408) 1 (2,379) Amounts reclassified from AOCI: Before tax 9 47 136 — 192 Tax effect 2 11 32 — 45 Amounts reclassified, net of tax 7 36 104 — 147 Total OCI, net of tax 35 36 (2,304) 1 (2,232) AOCI balance, March 31, 2021 $ (840) $ (28) $ (650) $ 2 $ (1,516) Primary income statement location of amounts reclassified from AOCI Other expense Net interest income and Other expense Securities gains (losses) and Net interest income Net interest income

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesFor the three months ended March 31, 2021 and 2020, the provision for income taxes was $351 million and $224 million, respectively, representing effective tax rates of 19.2 percent and 17.4 percent, respectively. The higher effective tax rate for the three months ended March 31, 2021 was primarily due to higher pre-tax income and discrete tax expenses due to the divestiture of certain businesses 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, 2021
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, Income Statement Location 2021 2020 Service cost Personnel expense $ 158 $ 118 Interest cost Other expense 79 78 Estimated return on plan assets Other expense (249) (216) Amortization and other Other expense 8 19 Net periodic (benefit) cost $ (4) $ (1) 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 $387 million were made to the Truist pension plan during the three months ended March 31, 2021. There are no required contributions for the remainder of 2021.

Commitment and Contingencies

Commitment and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure	Commitments and Contingencies Truist utilizes a variety of financial instruments to meet the financing needs of clients and to mitigate exposure to risks. 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. Tax Credit and Certain Equity Investments The Company invests in certain affordable housing projects throughout its market area as a means of supporting local communities. Truist receives tax credits related to these investments, for which the Company typically acts as a limited partner and therefore does not exert control over the operating or financial policies of the partnerships. The following table summarizes certain tax credit and certain equity investments: (Dollars in millions) Balance Sheet Location Mar 31, 2021 Dec 31, 2020 Investments in affordable housing projects: Carrying amount Other assets $ 3,753 $ 3,823 Amount of future funding commitments included in carrying amount Other liabilities 983 1,057 Lending exposure NA 544 546 Renewable energy investments: Carrying amount Other assets 160 167 Amount of future funding commitments not included in carrying amount NA 72 76 Private equity and certain other equity method investments: Carrying amount Other assets 1,569 1,574 Amount of future funding commitments not included in carrying amount NA 438 471 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, (Dollars in millions) Income Statement Location 2021 2020 Tax credits: Investments in affordable housing projects Provision for income taxes $ 120 $ 117 Other community development investments Provision for income taxes 23 22 Renewable energy investments NA (1) 39 — Amortization and other changes in carrying amount: Investments in affordable housing projects Provision for income taxes $ 119 $ 114 Other community development investments Other noninterest income 19 20 Renewable energy investments Other noninterest income — — (1) Tax credits received for these investments are recorded as a reduction to the carrying value of these investments. 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, 2021 December 31, 2020 Commitments to extend, originate, or purchase credit $ 195,882 $ 186,731 Residential mortgage loans sold with recourse 304 328 CRE mortgages serviced for others covered by recourse provisions 9,604 9,019 Letters of credit 5,077 5,066 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 Company provides senior financing to the VIE in the form of demand notes to fund the purchase of the reference assets. Reference assets are fixed income instruments primarily composed of syndicated bank loans. 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 associated 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, 2021, the Company’s Consolidated Balance Sheet reflected $1.5 billion of assets and $66 million of other liabilities of the VIEs. At December 31, 2020, the Company’s Consolidated Balance Sheet reflected $1.3 billion of assets and $41 million of other liabilities of the VIEs. Assets at March 31, 2021 and December 31, 2020 include $1.3 billion in trading loans and bonds. 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 TRS contracts and the related VIEs, see “Note 15. Derivative Financial Instruments.” 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 Company’s letters of credit from the FHLB can be 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. The following table provides the total carrying amount of pledged assets by asset type: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Pledged securities $ 24,174 $ 24,974 Pledged loans: FRB 76,006 75,615 FHLB 68,551 69,994 Unused borrowing capacity: FRB 53,844 52,831 FHLB 51,921 52,274 Litigation and Regulatory Matters Truist and/or its subsidiaries are routinely parties to numerous legal proceedings, including private, civil litigation, 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, as well as statutory antitrust, securities, and consumer protection claims. The ultimate resolution of any proceeding 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. 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 accrued. Accruals for legal matters are based on management’s best judgment after consultation with counsel and others. The Company estimates reasonably possible losses, in excess of amounts accrued, of up to approximately $200 million as of March 31, 2021. This estimate 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 estimate will change from time to time and actual losses may vary significantly from this estimate. As a result, the Company does not believe that an estimate of reasonably possible losses can be made for certain matters. Such matters are not reflected in the estimate provided herein. The following is a description of a certain legal proceeding 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, and on May 29, 2020, it filed a renewed motion to compel arbitration of the claims of some of the class members. On February 9, 2021, the trial court denied both motions as premature but held that the issues could be raised again after the conclusion of discovery, which is currently underway. The Company believes that the claims are without merit.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2021
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 are observable in active markets • Level 3: Valuations derived from valuation techniques in which one or more significant inputs are unobservable The following tables present fair value information for assets and liabilities measured at fair value on a recurring basis: March 31, 2021 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 767 $ — $ 767 $ — $ — GSE 191 — 191 — — Agency MBS - residential 1,220 — 1,220 — — Agency MBS - commercial 31 — 31 — — States and political subdivisions 77 — 77 — — Corporate and other debt securities 1,008 — 1,008 — — Loans 1,543 — 1,543 — — Other 257 226 31 — — Total trading assets 5,094 226 4,868 — — AFS securities: U.S. Treasury 1,768 — 1,768 — — GSE 1,903 — 1,903 — — Agency MBS - residential 116,451 — 116,451 — — Agency MBS - commercial 3,177 — 3,177 — — States and political subdivisions 476 — 476 — — Other 32 — 32 — — Total AFS securities 123,807 — 123,807 — — LHFS at fair value 5,465 — 5,465 — — MSRs at fair value 2,365 — — 2,365 — Other assets: Derivative assets 2,926 666 4,068 47 (1,855) Equity securities 875 807 68 — — Total assets $ 140,532 $ 1,699 $ 138,276 $ 2,412 $ (1,855) Liabilities: Derivative liabilities $ 704 $ 283 $ 3,184 $ 57 $ (2,820) Securities sold short 1,313 12 1,301 — — Total liabilities $ 2,017 $ 295 $ 4,485 $ 57 $ (2,820) December 31, 2020 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 793 $ — $ 793 $ — $ — GSE 164 — 164 — — Agency MBS - residential 599 — 599 — — Agency MBS - commercial 21 — 21 — — States and political subdivisions 34 — 34 — — Corporate and other debt securities 545 — 545 — — Loans 1,586 — 1,586 — — Other 130 123 7 — — Total trading assets 3,872 123 3,749 — — AFS securities: U.S. Treasury 1,746 — 1,746 — — GSE 1,917 — 1,917 — — Agency MBS - residential 113,541 — 113,541 — — Agency MBS - commercial 3,057 — 3,057 — — States and political subdivisions 493 — 493 — — Other 34 — 34 — — Total AFS securities 120,788 — 120,788 — — LHFS at fair value 4,955 — 4,955 — — MSRs at fair value 2,023 — — 2,023 — Other assets: Derivative assets 3,837 752 4,903 186 (2,004) Equity securities 1,054 996 58 — — Total assets $ 136,529 $ 1,871 $ 134,453 $ 2,209 $ (2,004) Liabilities: Derivative liabilities $ 555 $ 386 $ 3,263 $ 14 $ (3,108) Securities sold short 1,115 3 1,112 — — Total liabilities $ 1,670 $ 389 $ 4,375 $ 14 $ (3,108) (1) Refer to “Note 15. Derivative Financial Instruments” for additional discussion on netting adjustments. At March 31, 2021 and December 31, 2020, investments totaling $371 million and $387 million, respectively, have been excluded from the table above as they are valued based on net asset value as a practical expedient. These investments primarily consist of certain SBIC funds. For additional information on 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, 2020. Activity for Level 3 assets and liabilities is summarized below: Three Months Ended Non-agency MBS MSRs Net Derivatives Private Equity Investments 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) — — — Issuances — 187 155 — Settlements (9) (129) (142) (21) Balance at March 31, 2020 $ 298 $ 2,150 $ 143 $ 448 Balance at January 1, 2021 $ — $ 2,023 $ 172 $ — Total realized and unrealized gains (losses): Included in earnings — 374 (164) — Issuances — 192 96 — Settlements — (224) (114) — Balance at March 31, 2021 $ — $ 2,365 $ (10) $ — Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held at March 31, 2021 $ — $ 374 $ (45) $ — Primary income statement location of realized gains (losses) included in earnings Securities gains (losses) Residential mortgage income and Commercial real estate related income Residential mortgage income and Commercial real estate related income Other income During 2020, Truist sold non-agency MBS previously categorized as Level 3 that represented ownership interests in various tranches of Re-REMIC trusts. Additionally during 2020, as a result of a change in control of the funds’ manager, the Company deconsolidated certain SBIC funds for which it had previously concluded that it was the primary beneficiary. Refer to “Note 6. 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, 2021 December 31, 2020 (Dollars in millions) Fair Value UPB Difference Fair Value UPB Difference Trading loans $ 1,543 $ 1,532 $ 11 $ 1,586 $ 1,619 $ (33) LHFS at fair value 5,465 5,407 58 4,955 4,736 219 Nonrecurring Fair Value Measurements The following table provides information about certain assets measured at fair value on a nonrecurring basis still held as of period end. The carrying values represent end of period values, which approximate the fair value measurements that occurred on the various measurement dates throughout the period. These assets are considered to be Level 3 assets. (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Carrying value: LHFS $ 160 $ 979 Loans and leases 181 142 Other 129 92 The following table provides information about valuation adjustments for certain assets measured at fair value on a nonrecurring basis. The valuation adjustments represent the amounts recorded during the period regardless of whether the asset is still held at period end. Three Months Ended March 31, 2021 2020 Valuation adjustments: LHFS $ (16) $ (25) Loans and leases (30) (7) Other (95) (88) LHFS with valuation adjustments in the table above consisted primarily of residential mortgages and commercial loans that were valued using market prices and measured at the lower of cost or market. LHFS as of December 31, 2020 includes the small ticket loan and lease portfolio that was sold during the first quarter of 2021. The table above excludes $43 million and $125 million of LHFS carried at cost at March 31, 2021 and December 31, 2020, respectively, that did not require a valuation adjustment during the period. The remainder of LHFS is carried at fair value. The Company held $72 million in nonperforming LHFS at March 31, 2021 and $5 million of nonperforming LHFS at December 31, 2020. LHFS that were 90 days or more past due and still accruing interest were not material at March 31, 2021. Loans and leases consists of larger commercial loans and leases that do not share similar risk characteristics that are collateral dependent and may be subject to liquidity adjustments. Refer to “Note 1. Basis of Presentation” in Truist’s Annual Report on Form 10-K for the year ended December 31, 2020 for additional discussion of individually evaluated loans and leases. Other includes foreclosed real estate, other foreclosed property, ROU assets, premises and equipment, and OREO, and consists primarily of residential homes, commercial properties, vacant lots, and automobiles. ROU assets are measured based on the fair value of the assets, which considers the potential for sublease income. The remaining assets are measured at the lower of cost or fair value, less costs to sell. 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 instruments. Values obtained relate to trading 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 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, 2021 December 31, 2020 (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 $ 285,849 $ 288,956 $ 293,899 $ 295,461 Financial liabilities: Time deposits Level 2 19,192 19,314 21,941 22,095 Long-term debt Level 2 37,753 38,060 39,597 40,864 The carrying value of the RUFC, which approximates the fair value of unfunded commitments, was $349 million and $364 million at March 31, 2021 and December 31, 2020, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2021
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, 2021 and December 31, 2020. March 31, 2021 December 31, 2020 Notional Amount Fair Value Notional Amount Fair Value (Dollars in millions) Assets Liabilities Assets Liabilities Fair value hedges: Interest rate contracts: Swaps hedging AFS securities $ 19,809 $ — $ — $ 17,765 $ — $ — Not designated as hedges: Client-related and other risk management: Interest rate contracts: Swaps 154,617 2,394 (843) 156,338 3,399 (862) Options 25,598 39 (15) 25,386 45 (18) Forward commitments 4,033 17 (8) 4,847 9 (11) Other 2,091 — — 2,573 — — Equity contracts 28,298 1,702 (2,189) 31,152 1,856 (2,297) Credit contracts: Loans and leases 1,120 — (4) 1,056 — (5) Risk participation agreements 7,743 1 (10) 7,802 1 (13) Total return swaps 1,355 3 (30) 1,296 13 (33) Foreign exchange contracts 12,185 131 (105) 12,066 189 (219) Commodity 3,688 239 (232) 2,872 130 (124) Total 240,728 4,526 (3,436) 245,388 5,642 (3,582) Mortgage banking: Interest rate contracts: Swaps 686 — — 687 — — Interest rate lock commitments 6,371 47 (47) 8,609 186 (3) When issued securities, forward rate agreements and forward commitments 11,185 204 (17) 11,691 6 (73) Other 530 2 — 466 — — Total 18,772 253 (64) 21,453 192 (76) MSRs: Interest rate contracts: Swaps 26,510 — — 36,161 — (5) Options 101 2 — 101 — — When issued securities, forward rate agreements and forward commitments 2,008 — (24) 1,314 7 — Other 3,683 — — 760 — — Total 32,302 2 (24) 38,336 7 (5) Total derivatives not designated as hedges 291,802 4,781 (3,524) 305,177 5,841 (3,663) Total derivatives $ 311,611 4,781 (3,524) $ 322,942 5,841 (3,663) Gross amounts in the Consolidated Balance Sheets: Amounts subject to master netting arrangements (1,471) 1,471 (1,561) 1,561 Cash collateral (received) posted for amounts subject to master netting arrangements (384) 1,349 (443) 1,547 Net amount $ 2,926 $ (704) $ 3,837 $ (555) 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 Sheets: March 31, 2021 Gross Amount Amount Offset Net Amount in Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 3,931 $ (1,855) $ 2,076 $ (2) $ 2,074 Derivatives not subject to master netting arrangement or similar arrangement 467 — 467 — 467 Exchange traded derivatives 383 — 383 — 383 Total derivative assets $ 4,781 $ (1,855) $ 2,926 $ (2) $ 2,924 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (3,236) $ 2,815 $ (421) $ 43 $ (378) Derivatives not subject to master netting arrangement or similar arrangement (288) 5 (283) — (283) Total derivative liabilities $ (3,524) $ 2,820 $ (704) $ 43 $ (661) December 31, 2020 Gross Amount Amount Offset Net Amount in Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 4,383 $ (1,618) $ 2,765 $ (2) $ 2,763 Derivatives not subject to master netting arrangement or similar arrangement 705 — 705 (1) 704 Exchange traded derivatives 753 (386) 367 — 367 Total derivative assets $ 5,841 $ (2,004) $ 3,837 $ (3) $ 3,834 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (3,103) $ 2,722 $ (381) $ 35 $ (346) Derivatives not subject to master netting arrangement or similar arrangement (174) — (174) — (174) Exchange traded derivatives (386) 386 — — — Total derivative liabilities $ (3,663) $ 3,108 $ (555) $ 35 $ (520) The following table presents the carrying value of hedged items in fair value hedging relationships: March 31, 2021 December 31, 2020 Hedge Basis Adjustment Hedge Basis Adjustment (Dollars in millions) Hedged Asset / Liability Basis Items Currently Designated Discontinued Hedges Hedged Asset / Liability Basis Items Currently Designated Discontinued Hedges AFS securities (1) $ 101,804 $ (557) $ 48 $ 100,988 $ (33) $ 50 Loans and leases 463 — 17 470 — 18 Long-term debt 24,924 — 848 27,725 — 930 (1) The amortized cost of AFS securities was $103.2 billion at March 31, 2021 and $99.4 billion at December 31, 2020. 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) 2021 2020 Pre-tax gain (loss) recognized in OCI: Deposits $ — $ — Short-term borrowings — — Long-term debt — — Total $ — $ — Pre-tax gain (loss) reclassified from AOCI into interest expense: Deposits $ (1) $ (2) Short-term borrowings (5) (4) Long-term debt (5) (8) Total $ (11) $ (14) Pre-tax gain (loss) reclassified from AOCI into other expense: (1) Deposits $ (12) $ — Short-term borrowings (20) — Long-term debt (4) Total $ (36) $ — (1) Represents the accelerated amortization of amounts reclassified from AOCI, where management determined that the forecasted transaction is probable of not occurring. The following table summarizes the impact on net interest income related to fair value hedges: Three Months Ended March 31, (Dollars in millions) 2021 2020 AFS securities: Amounts related to interest settlements $ (11) $ — Recognized on derivatives 524 — Recognized on hedged items (526) (2) Net income (expense) recognized (13) (2) Loans and leases: Recognized on derivatives — (3) Recognized on hedged items (1) 2 Net income (expense) recognized (1) (1) Long-term debt: Amounts related to interest settlements — 16 Recognized on derivatives — 922 Recognized on hedged items 79 (922) Net income (expense) recognized 79 16 Net income (expense) recognized, total $ 65 $ 13 The following table presents information about the Company’s cash flow and fair value hedges: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Cash flow hedges: Net unrecognized after-tax gain (loss) on terminated hedges recorded in AOCI (to be recognized in earnings through 2022) $ (28) $ (64) 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 (24) (42) Fair value hedges: Unrecognized pre-tax net gain (loss) on terminated hedges (to be recognized as interest primarily through 2029) $ 783 $ 862 Portion of pre-tax net gain (loss) on terminated hedges to be recognized as a change in interest during the next 12 months 271 292 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 2021 2020 Client-related and other risk management: Interest rate contracts Investment banking and trading income and other income $ 102 $ (64) Foreign exchange contracts Investment banking and trading income and other income 26 107 Equity contracts Investment banking and trading income and other income (8) (10) Credit contracts Investment banking and trading income and other income (34) 459 Commodity contracts Investment banking and trading income 2 3 Mortgage banking: Interest rate contracts Residential mortgage income 91 (122) Interest rate contracts Commercial real estate related income (1) 2 MSRs: Interest rate contracts Residential mortgage income (333) 495 Interest rate contracts Commercial real estate related income (12) 20 Total $ (167) $ 890 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. 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. For additional information on the Company’s TRS contracts, see “Note 13. Commitments and Contingencies.” 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 counterparty experiences a loss on the derivative due to a failure to pay by the counterparty’s client. 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, 2021, 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 percent 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, 2021 Dec 31, 2020 Risk participation agreements: Maximum potential amount of exposure $ 503 $ 530 Total return swaps: Cash collateral held 345 374 The following table summarizes collateral positions with counterparties: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Dealer and other counterparties: Cash and other collateral received from counterparties $ 387 $ 446 Derivatives in a net gain position secured by collateral received 565 585 Unsecured positions in a net gain with counterparties after collateral postings 46 49 Cash collateral posted to dealer counterparties 1,392 1,524 Derivatives in a net loss position secured by collateral 1,484 1,604 Additional collateral that would have been posted had the Company’s credit ratings dropped below investment grade 3 3 Central counterparties clearing: Cash collateral, including initial margin, posted to central clearing parties 52 172 Derivatives in a net loss position 10 90 Derivatives in a net gain position 2 5 Securities pledged to central counterparties clearing 1,223 1,281

Computation of EPS

Computation of EPS	3 Months Ended
	Mar. 31, 2021
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, 2021 2020 Net income available to common shareholders $ 1,334 $ 986 Weighted average number of common shares 1,345,666 1,344,372 Effect of dilutive outstanding equity-based awards 13,266 13,173 Weighted average number of diluted common shares 1,358,932 1,357,545 Basic EPS $ 0.99 $ 0.73 Diluted EPS $ 0.98 $ 0.73 Anti-dilutive awards 376 1,725

Operating Segments

Operating Segments	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Operating Segments	Operating SegmentsTruist 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, 2020. The following table presents results by segment: Three Months Ended March 31, CB&W C&CB IH OT&C (1) Total 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Net interest income (expense) $ 1,752 $ 1,860 $ 1,208 $ 1,534 $ 24 $ 36 $ 301 $ 220 $ 3,285 $ 3,650 Net intersegment interest income (expense) 386 397 1 (211) (4) (11) (383) (175) — — Segment net interest income 2,138 2,257 1,209 1,323 20 25 (82) 45 3,285 3,650 Allocated provision for credit losses 100 437 (35) 399 1 1 (18) 56 48 893 Segment net interest income after provision 2,038 1,820 1,244 924 19 24 (64) (11) 3,237 2,757 Noninterest income 921 1,066 694 457 633 557 (51) (119) 2,197 1,961 Amortization of intangibles 79 100 38 42 26 18 1 5 144 165 Other noninterest expense 1,831 1,904 744 827 453 422 438 113 3,466 3,266 Income (loss) before income taxes 1,049 882 1,156 512 173 141 (554) (248) 1,824 1,287 Provision (benefit) for income taxes 246 207 248 91 42 36 (185) (110) 351 224 Segment net income (loss) $ 803 $ 675 $ 908 $ 421 $ 131 $ 105 $ (369) $ (138) $ 1,473 $ 1,063 Identifiable assets (period end) $ 159,352 $ 169,896 $ 182,459 $ 202,214 $ 8,062 $ 7,009 $ 167,664 $ 127,110 $ 517,537 $ 506,229 (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, 2021
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.

Securities Financing Activiti_2

Securities Financing Activities (Tables)	3 Months Ended
	Mar. 31, 2021
Offsetting [Abstract]
Schedule of Resale Agreements	The following table presents securities borrowed or purchased under resale agreements: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Securities purchased under resale agreements $ 705 $ 1,158 Securities borrowed 644 587 Total securities borrowed or purchased under resale agreements $ 1,349 $ 1,745
Schedule of Repurchase Agreements	The following table presents the Company’s related activity, by collateral type and remaining contractual maturity: March 31, 2021 December 31, 2020 (Dollars in millions) Overnight and Continuous Up to 30 days Total Overnight and Continuous Up to 30 days Total U.S. Treasury $ 244 $ 13 $ 257 $ 305 $ 31 $ 336 GSE 1 20 21 45 9 54 Agency MBS - residential 675 109 784 442 6 448 Corporate and other debt securities 218 213 431 204 179 383 Total securities sold under agreements to repurchase $ 1,138 $ 355 $ 1,493 $ 996 $ 225 $ 1,221

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Summary of AFS Securities	The following tables summarize the Company’s AFS securities: March 31, 2021 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 1,763 $ 19 $ 14 $ 1,768 GSE 1,839 64 — 1,903 Agency MBS - residential 117,401 1,273 2,223 116,451 Agency MBS - commercial 3,174 41 38 3,177 States and political subdivisions 440 38 2 476 Other 31 1 — 32 Total AFS securities $ 124,648 $ 1,436 $ 2,277 $ 123,807 December 31, 2020 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 1,721 $ 25 $ — $ 1,746 GSE 1,840 77 — 1,917 Agency MBS - residential 111,589 1,975 23 113,541 Agency MBS - commercial 2,987 72 2 3,057 States and political subdivisions 447 47 1 493 Other 34 — — 34 Total AFS securities $ 118,618 $ 2,196 $ 26 $ 120,788
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, 2021 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 $ 250 $ 1,513 $ — $ — $ 1,763 $ 250 $ 1,518 $ — $ — $ 1,768 GSE 340 1,430 — 69 1,839 346 1,485 — 72 1,903 Agency MBS - residential — 1 389 117,011 117,401 — 1 402 116,048 116,451 Agency MBS - commercial — 1 12 3,161 3,174 — 2 12 3,163 3,177 States and political subdivisions 39 110 100 191 440 40 114 112 210 476 Other 1 6 — 24 31 1 6 — 25 32 Total AFS securities $ 630 $ 3,061 $ 501 $ 120,456 $ 124,648 $ 637 $ 3,126 $ 526 $ 119,518 $ 123,807
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, 2021 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: U.S. Treasury $ 704 $ 14 $ — $ — $ 704 $ 14 GSE 3 — — — 3 — Agency MBS - residential 71,675 2,221 165 2 71,840 2,223 Agency MBS - commercial 2,080 38 3 — 2,083 38 States and political subdivisions 42 1 32 1 74 2 Total $ 74,504 $ 2,274 $ 200 $ 3 $ 74,704 $ 2,277 Less than 12 months 12 months or more Total December 31, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: U.S. Treasury $ 17 $ — $ — $ — $ 17 $ — Agency MBS - residential 4,028 21 203 2 4,231 23 Agency MBS - commercial 463 2 4 — 467 2 States and political subdivisions 20 — 32 1 52 1 Other 6 — — — 6 — Total $ 4,534 $ 23 $ 239 $ 3 $ 4,773 $ 26
Schedule of Realized Gain (Loss)	The following table presents gross securities gains and losses recognized in earnings: Three Months Ended March 31, 2021 2020 Gross realized gains $ — $ — Gross realized losses — (2) Securities gains (losses), net $ — $ (2)

Loans and ACL (Tables)

Loans and ACL (Tables)	3 Months Ended
	Mar. 31, 2021
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. The past due status of loans that received a deferral under the CARES Act is generally frozen during the deferral period. In certain limited circumstances, accommodation programs result in the delinquency status being reset to current. Accruing March 31, 2021 Current 30-89 Days Past Due 90 Days Or More Past Due Nonperforming Total Commercial: Commercial and industrial $ 134,850 $ 117 $ 14 $ 451 $ 135,432 CRE 25,832 9 — 58 25,899 Commercial construction 6,542 4 — 13 6,559 Lease financing 4,825 35 — 23 4,883 Consumer: Residential mortgage 42,456 577 975 290 44,298 Residential home equity and direct 25,068 82 11 172 25,333 Indirect auto 25,950 328 2 158 26,438 Indirect other 10,579 45 1 6 10,631 Student 5,885 556 1,037 — 7,478 Credit card 4,493 35 32 — 4,560 Total $ 286,480 $ 1,788 $ 2,072 $ 1,171 $ 291,511 Accruing December 31, 2020 Current 30-89 Days Past Due 90 Days Or More Past Due Nonperforming Total Commercial: Commercial and industrial $ 137,726 $ 83 $ 13 $ 532 $ 138,354 CRE 26,506 14 — 75 26,595 Commercial construction 6,472 5 — 14 6,491 Lease financing 5,206 6 — 28 5,240 Consumer: Residential mortgage 45,333 782 841 316 47,272 Residential home equity and direct 25,751 98 10 205 26,064 Indirect auto 25,498 495 2 155 26,150 Indirect other 11,102 68 2 5 11,177 Student 5,823 618 1,111 — 7,552 Credit card 4,759 51 29 — 4,839 Total $ 294,176 $ 2,220 $ 2,008 $ 1,330 $ 299,734
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, 2021 Amortized Cost Basis by Origination Year Revolving Credit Loans Converted to Term Other (1) 2021 2020 2019 2018 2017 Prior Total Commercial: Commercial and industrial: Pass $ 9,085 $ 28,582 $ 17,269 $ 11,717 $ 6,896 $ 12,834 $ 42,694 $ — $ (608) $ 128,469 Special mention 73 480 466 325 93 255 1,778 — — 3,470 Substandard 132 364 444 331 119 364 1,289 — (1) 3,042 Nonperforming 7 39 57 41 24 99 183 — 1 451 Total 9,297 29,465 18,236 12,414 7,132 13,552 45,944 — (608) 135,432 CRE: Pass 987 4,110 6,311 4,138 2,582 3,267 561 — (63) 21,893 Special mention 39 125 546 337 85 146 — — — 1,278 Substandard 84 418 843 606 304 410 5 — — 2,670 Nonperforming 2 1 — 1 9 45 — — — 58 Total 1,112 4,654 7,700 5,082 2,980 3,868 566 — (63) 25,899 Commercial construction: Pass 315 1,132 2,166 1,570 177 113 594 — 4 6,071 Special mention — — 187 50 1 — 2 — — 240 Substandard 2 62 42 65 63 1 — — — 235 Nonperforming — 1 2 — 7 — 2 — 1 13 Total 317 1,195 2,397 1,685 248 114 598 — 5 6,559 Lease financing: Pass 268 1,327 937 677 658 910 — — (66) 4,711 Special mention — — 34 16 3 8 — — — 61 Substandard — — 33 7 3 45 — — — 88 Nonperforming — 2 4 2 10 5 — — — 23 Total 268 1,329 1,008 702 674 968 — — (66) 4,883 Consumer: Residential mortgage: Performing 2,055 8,040 5,729 3,137 3,687 21,240 — — 120 44,008 Nonperforming — 2 14 20 13 241 — — — 290 Total 2,055 8,042 5,743 3,157 3,700 21,481 — — 120 44,298 Residential home equity and direct: Performing 1,375 3,944 2,721 1,190 387 653 11,448 3,413 30 25,161 Nonperforming — 2 5 2 1 7 57 96 2 172 Total 1,375 3,946 2,726 1,192 388 660 11,505 3,509 32 25,333 Indirect auto: Performing 2,881 9,678 6,664 3,528 2,043 1,335 — — 151 26,280 Nonperforming — 22 52 40 26 24 — — (6) 158 Total 2,881 9,700 6,716 3,568 2,069 1,359 — — 145 26,438 Indirect other: Performing 952 3,923 2,542 1,467 703 1,011 — — 27 10,625 Nonperforming — 2 1 1 — 2 — — — 6 Total 952 3,925 2,543 1,468 703 1,013 — — 27 10,631 Student — 24 104 89 75 7,200 — — (14) 7,478 Credit card — — — — — — 4,525 35 — 4,560 Total $ 18,257 $ 62,280 $ 47,173 $ 29,357 $ 17,969 $ 50,215 $ 63,138 $ 3,544 $ (422) $ 291,511 December 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 $ 34,858 $ 18,881 $ 13,312 $ 7,713 $ 5,174 $ 8,888 $ 42,780 $ 231 $ (579) $ 131,258 Special mention 471 434 343 98 120 157 1,808 5 (1) 3,435 Substandard 461 445 339 121 144 256 1,353 12 (2) 3,129 Nonperforming 38 92 48 29 25 61 233 4 2 532 Total 35,828 19,852 14,042 7,961 5,463 9,362 46,174 252 (580) 138,354 CRE: Pass 4,563 6,600 4,427 2,752 1,473 2,096 617 — (69) 22,459 Special mention 171 599 585 116 77 141 — — — 1,689 Substandard 410 776 438 281 182 280 5 — — 2,372 Nonperforming 1 15 1 9 6 43 — — — 75 Total 5,145 7,990 5,451 3,158 1,738 2,560 622 — (69) 26,595 Commercial construction: Pass 1,052 2,141 1,889 232 27 110 534 — 2 5,987 Special mention — 108 64 1 — — 2 — — 175 Substandard 70 106 73 59 6 1 — — — 315 Nonperforming 1 3 — 7 — — — 3 — 14 Total 1,123 2,358 2,026 299 33 111 536 3 2 6,491 Lease financing: Pass 1,377 1,139 775 746 241 760 — — 27 5,065 Special mention 1 39 20 5 — 7 — — — 72 Substandard — 34 3 4 3 31 — — — 75 Nonperforming 2 5 3 9 4 5 — — — 28 Total 1,380 1,217 801 764 248 803 — — 27 5,240 Consumer: Residential mortgage: Performing 8,197 6,729 3,735 4,374 5,424 18,333 — — 164 46,956 Nonperforming 3 13 16 13 14 257 — — — 316 Total 8,200 6,742 3,751 4,387 5,438 18,590 — — 164 47,272 Residential home equity and direct: Performing 4,513 3,126 1,416 481 214 557 13,886 1,619 47 25,859 Nonperforming 1 4 2 1 1 7 87 101 1 205 Total 4,514 3,130 1,418 482 215 564 13,973 1,720 48 26,064 Indirect auto: Performing 10,270 7,436 4,015 2,401 1,220 506 — — 147 25,995 Nonperforming 13 50 44 27 15 12 — — (6) 155 Total 10,283 7,486 4,059 2,428 1,235 518 — — 141 26,150 Indirect other: Performing 4,433 3,019 1,706 826 431 718 — — 39 11,172 Nonperforming 1 1 1 — — 2 — — — 5 Total 4,434 3,020 1,707 826 431 720 — — 39 11,177 Student 22 110 95 81 64 7,185 — — (5) 7,552 Credit card — — — — — — 4,802 37 — 4,839 Total $ 70,929 $ 51,905 $ 33,350 $ 20,386 $ 14,865 $ 40,413 $ 66,107 $ 2,012 $ (233) $ 299,734 (1) Includes certain deferred fees and costs, unapplied payments, and other adjustments.
Summary of Allowance for Credit Losses	The following tables present activity in the ACL: (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 (Dollars in millions) Balance at Jan 1, 2021 Charge-Offs Recoveries Provision (Benefit) Other (2) Balance at Mar 31, 2021 Commercial: Commercial and industrial $ 2,156 $ (73) $ 19 $ (11) $ — $ 2,091 CRE 573 (4) 1 (26) — 544 Commercial construction 81 (2) 1 (3) — 77 Lease financing 48 (6) — 3 — 45 Consumer: Residential mortgage 368 (11) 2 (16) — 343 Residential home equity and direct 714 (55) 18 30 — 707 Indirect auto 1,198 (105) 22 61 — 1,176 Indirect other 208 (17) 6 (10) — 187 Student 130 (3) — 2 2 131 Credit card 359 (40) 9 33 — 361 ALLL 5,835 (316) 78 63 2 5,662 RUFC 364 — — (15) — 349 ACL $ 6,199 $ (316) $ 78 $ 48 $ 2 $ 6,011 (1) Balance is prior to the adoption of CECL. (2) Includes the adoption of CECL, the ALLL for PCD acquisitions, and other activity.
Summary of purchased student loans with credit deterioration at acquisition	PCD Loan Activity For PCD loans, the initial estimate of expected credit losses is recognized in the ALLL on the date of acquisition using the same methodology as other loans held for investment. The following table provides a summary of purchased student loans with credit deterioration at acquisition: Three Months Ended March 31, 2021 Par value $ 122 ALLL at acquisition (2) Non-credit premium (discount) — Purchase price $ 120
Financing Receivable, Nonperforming	NPAs The following table provides a summary of nonperforming loans, excluding LHFS. Interest income recognized on nonperforming loans HFI was $10 million and $8 million for the three months ended March 31, 2021 and 2020, respectively. March 31, 2021 December 31, 2020 Recorded Investment Recorded Investment (Dollars in millions) Without an ALLL With an ALLL Without an ALLL With an ALLL Commercial: Commercial and industrial $ 104 $ 347 $ 82 $ 450 CRE 36 22 63 12 Commercial construction — 13 — 14 Lease financing — 23 — 28 Consumer: Residential mortgage 3 287 4 312 Residential home equity and direct 2 170 2 203 Indirect auto 1 157 1 154 Indirect other — 6 — 5 Total $ 146 $ 1,025 $ 152 $ 1,178
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, 2021 Dec 31, 2020 Nonperforming loans and leases HFI $ 1,171 $ 1,330 Nonperforming LHFS 72 5 Foreclosed real estate 18 20 Other foreclosed property 38 32 Total nonperforming assets $ 1,299 $ 1,387 Residential mortgage loans in the process of foreclosure $ 128 $ 140
Schedule of Performing and Nonperforming TDRs	TDRs The following table presents a summary of TDRs: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Performing TDRs: Commercial: Commercial and industrial $ 142 $ 78 CRE 47 47 Lease financing 59 60 Consumer: Residential mortgage 733 648 Residential home equity and direct 109 88 Indirect auto 399 392 Indirect other 7 6 Student 8 5 Credit card 35 37 Total performing TDRs 1,539 1,361 Nonperforming TDRs 207 164 Total TDRs $ 1,746 $ 1,525 ALLL attributable to TDRs $ 278 $ 260
Summary Of Primary Reason Loan Modifications Were Classified as TDRs	The primary reason loan modifications were classified as TDRs is summarized in the tables below. New TDR balances represent the recorded investment at the end of the quarter in which the modification was made. The prior quarter balance represents recorded investment at the beginning 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. March 31, 2021 Type of Modification Prior Quarter Loan Balance ALLL at Period End Rate Structure Newly designated TDRs: Commercial: Commercial and industrial $ 27 $ 93 $ 135 $ 12 CRE — 10 12 1 Consumer: Residential mortgage 53 93 145 4 Residential home equity and direct 2 25 28 1 Indirect auto 19 33 56 8 Indirect other 1 1 1 — Student — 3 3 — Credit card 4 — 4 2 Re-modification of previously designated TDRs 14 14 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
Selected Information About Loans And Leases Unearned	The following table presents additional information about loans and leases: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Unearned income, discounts and net deferred loan fees and costs $ 1,926 $ 2,219

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2020 $ 14,040 $ 8,125 $ 1,989 $ 24,154 Mergers and acquisitions — — 450 450 Adjustments and other 1,801 (1,958) — (157) Goodwill, December 31, 2020 15,841 6,167 2,439 24,447 Mergers and acquisitions — — 13 13 Adjustments and other (124) 8 12 (104) Goodwill, March 31, 2021 $ 15,717 $ 6,175 $ 2,464 $ 24,356
Identifiable Intangible Assets Subject to Amortization	The following table, which excludes fully amortized intangibles, presents information for identifiable intangible assets: March 31, 2021 December 31, 2020 (Dollars in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount CDI $ 2,600 $ (947) $ 1,653 $ 2,600 $ (852) $ 1,748 Other, primarily client relationship intangibles 2,155 (983) 1,172 2,217 (981) 1,236 Total $ 4,755 $ (1,930) $ 2,825 $ 4,817 $ (1,833) $ 2,984

Loan Servicing (Tables)

Loan Servicing (Tables)	3 Months Ended
	Mar. 31, 2021
Transfers and Servicing [Abstract]
Summary of Residential Mortgage Banking Activities	The following tables summarize residential mortgage servicing activities: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 UPB of residential mortgage loan servicing portfolio $ 228,636 $ 239,034 UPB of residential mortgage loans serviced for others, primarily agency conforming fixed rate 179,836 188,341 Mortgage loans sold with recourse 304 328 Maximum recourse exposure from mortgage loans sold with recourse liability 188 201 Indemnification, recourse and repurchase reserves 90 93 As of / For the Three Months Ended March 31, 2021 2020 UPB of residential mortgage loans sold from LHFS $ 9,489 $ 12,669 Pre-tax gains recognized on mortgage loans sold and held for sale 119 188 Servicing fees recognized from mortgage loans serviced for others 141 169 Approximate weighted average servicing fee on the outstanding balance of residential mortgage loans serviced for others 0.31 % 0.31 % Weighted average interest rate on mortgage loans serviced for others 3.76 4.02
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, 2021 2020 Residential MSRs, carrying value, January 1 $ 1,778 $ 2,371 Additions 174 178 Change in fair value due to changes in valuation inputs or assumptions: Prepayment speeds 219 (522) OAS 141 45 Servicing costs — — Realization of expected net servicing cash flows, passage of time and other (209) (148) Residential MSRs, carrying value, March 31 $ 2,103 $ 1,924
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, 2021 December 31, 2020 Range Weighted Average Range Weighted Average (Dollars in millions) Min Max Min Max Prepayment speed 8.8 % 28.6 % 13.0 % 12.8 % 30.8 % 15.4 % Effect on fair value of a 10% increase $ (100) $ (89) Effect on fair value of a 20% increase (191) (171) OAS 2.7 % 15.0 % 5.3 % 3.5 % 13.7 % 7.3 % Effect on fair value of a 10% increase $ (45) $ (45) Effect on fair value of a 20% increase (87) (88) Composition of loans serviced for others: Fixed-rate residential mortgage loans 98.9 % 98.8 % Adjustable-rate residential mortgage loans 1.1 1.2 Total 100.0 % 100.0 % Weighted average life 5.4 years 4.8 years
Summary of Commercial Mortgage Banking Activities	The following table summarizes commercial mortgage servicing activities for the periods presented: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 UPB of CRE mortgages serviced for others $ 37,089 $ 36,670 CRE mortgages serviced for others covered by recourse provisions 9,604 9,019 Maximum recourse exposure from CRE mortgages sold with recourse liability 2,754 2,624 Recorded reserves related to recourse exposure 18 18 CRE mortgages originated during the year-to-date period 1,305 6,739 Commercial MSRs at fair value 262 245

Other Assets and Liabilites (Ta

Other Assets and Liabilites (Tables)	3 Months Ended
	Mar. 31, 2021
Other Assets [Abstract]
Lessee, Operating Lease, Liability, Maturity	The following tables present additional information on leases, excluding leases related to the lease financing businesses: March 31, 2021 December 31, 2020 (Dollars in millions) Operating Leases Finance Leases Operating Leases Finance Leases ROU assets $ 1,277 $ 31 $ 1,333 $ 36 Lease liabilities 1,812 38 1,896 42 Weighted average remaining term 6.8 years 6.2 years 6.9 years 6.3 years Weighted average discount rate 2.4 % 4.2 % 2.4 % 4.8 % Three Months Ended March 31, 2021 2020 Operating lease costs $ 85 $ 96
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, 2021 Dec 31, 2020 Assets held under operating leases (1) $ 1,976 $ 2,144 Accumulated depreciation (458) (517) Net $ 1,518 $ 1,627 (1) Includes certain land parcels subject to operating leases that have indefinite lives.

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Short-term Debt	The following table presents a summary of short-term borrowings: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Federal funds purchased $ 130 $ 79 Securities sold under agreements to repurchase 1,493 1,221 FHLB advances 2,000 2,649 Collateral in excess of derivative exposures 367 385 Master notes 578 621 Other short-term borrowings 1,321 1,137 Total short-term borrowings $ 5,889 $ 6,092
Schedule of Long-Term Debt, Interest Rates and Maturity Dates	The following table presents a summary of long-term debt: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Truist Financial Corporation: Fixed rate senior notes $ 15,191 $ 15,984 Floating rate senior notes 600 900 Fixed rate subordinated notes 1,277 1,283 Capital notes 617 615 Structured notes (1) 109 108 Truist Bank: Fixed rate senior notes 11,170 11,907 Floating rate senior notes 1,451 1,567 Fixed rate subordinated notes 5,128 5,142 FHLB advances 874 878 Other long-term debt (2) 1,139 1,014 Nonbank subsidiaries: Other long-term debt (3) 197 199 Total long-term debt $ 37,753 $ 39,597 (1) Consist of notes with various terms that include fixed or floating rate interest or returns that are linked to an equity index. (2) Includes debt associated with finance leases, tax credit investments, and other. (3) Includes debt associated with structured real estate leases.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Summary of Cash Dividends Declared per Share	The following table presents the dividends declared per share of common stock: Three Months Ended March 31, 2021 2020 Cash dividends declared per share $ 0.45 $ 0.45

AOCI (Tables)

AOCI (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 and 2020 Pension and OPEB Costs Cash Flow Hedges AFS Securities Other, net Total 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 AOCI balance, January 1, 2021 $ (875) $ (64) $ 1,654 $ 1 $ 716 OCI before reclassifications, net of tax 28 — (2,408) 1 (2,379) Amounts reclassified from AOCI: Before tax 9 47 136 — 192 Tax effect 2 11 32 — 45 Amounts reclassified, net of tax 7 36 104 — 147 Total OCI, net of tax 35 36 (2,304) 1 (2,232) AOCI balance, March 31, 2021 $ (840) $ (28) $ (650) $ 2 $ (1,516) Primary income statement location of amounts reclassified from AOCI Other expense Net interest income and Other expense Securities gains (losses) and Net interest income Net interest income

Benefit Plans (Tables)

Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2021
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, Income Statement Location 2021 2020 Service cost Personnel expense $ 158 $ 118 Interest cost Other expense 79 78 Estimated return on plan assets Other expense (249) (216) Amortization and other Other expense 8 19 Net periodic (benefit) cost $ (4) $ (1)

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments and Contingencies	The following table summarizes certain tax credit and certain equity investments: (Dollars in millions) Balance Sheet Location Mar 31, 2021 Dec 31, 2020 Investments in affordable housing projects: Carrying amount Other assets $ 3,753 $ 3,823 Amount of future funding commitments included in carrying amount Other liabilities 983 1,057 Lending exposure NA 544 546 Renewable energy investments: Carrying amount Other assets 160 167 Amount of future funding commitments not included in carrying amount NA 72 76 Private equity and certain other equity method investments: Carrying amount Other assets 1,569 1,574 Amount of future funding commitments not included in carrying amount NA 438 471
Summary of Tax Credits and Amortization, Tax Credit Investment Activity	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, (Dollars in millions) Income Statement Location 2021 2020 Tax credits: Investments in affordable housing projects Provision for income taxes $ 120 $ 117 Other community development investments Provision for income taxes 23 22 Renewable energy investments NA (1) 39 — Amortization and other changes in carrying amount: Investments in affordable housing projects Provision for income taxes $ 119 $ 114 Other community development investments Other noninterest income 19 20 Renewable energy investments Other noninterest income — — (1) Tax credits received for these investments are recorded as a reduction to the carrying value of these investments.
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, 2021 December 31, 2020 Commitments to extend, originate, or purchase credit $ 195,882 $ 186,731 Residential mortgage loans sold with recourse 304 328 CRE mortgages serviced for others covered by recourse provisions 9,604 9,019 Letters of credit 5,077 5,066
Schedule of Pledged Assets	The following table provides the total carrying amount of pledged assets by asset type: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Pledged securities $ 24,174 $ 24,974 Pledged loans: FRB 76,006 75,615 FHLB 68,551 69,994 Unused borrowing capacity: FRB 53,844 52,831 FHLB 51,921 52,274

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 767 $ — $ 767 $ — $ — GSE 191 — 191 — — Agency MBS - residential 1,220 — 1,220 — — Agency MBS - commercial 31 — 31 — — States and political subdivisions 77 — 77 — — Corporate and other debt securities 1,008 — 1,008 — — Loans 1,543 — 1,543 — — Other 257 226 31 — — Total trading assets 5,094 226 4,868 — — AFS securities: U.S. Treasury 1,768 — 1,768 — — GSE 1,903 — 1,903 — — Agency MBS - residential 116,451 — 116,451 — — Agency MBS - commercial 3,177 — 3,177 — — States and political subdivisions 476 — 476 — — Other 32 — 32 — — Total AFS securities 123,807 — 123,807 — — LHFS at fair value 5,465 — 5,465 — — MSRs at fair value 2,365 — — 2,365 — Other assets: Derivative assets 2,926 666 4,068 47 (1,855) Equity securities 875 807 68 — — Total assets $ 140,532 $ 1,699 $ 138,276 $ 2,412 $ (1,855) Liabilities: Derivative liabilities $ 704 $ 283 $ 3,184 $ 57 $ (2,820) Securities sold short 1,313 12 1,301 — — Total liabilities $ 2,017 $ 295 $ 4,485 $ 57 $ (2,820) December 31, 2020 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 793 $ — $ 793 $ — $ — GSE 164 — 164 — — Agency MBS - residential 599 — 599 — — Agency MBS - commercial 21 — 21 — — States and political subdivisions 34 — 34 — — Corporate and other debt securities 545 — 545 — — Loans 1,586 — 1,586 — — Other 130 123 7 — — Total trading assets 3,872 123 3,749 — — AFS securities: U.S. Treasury 1,746 — 1,746 — — GSE 1,917 — 1,917 — — Agency MBS - residential 113,541 — 113,541 — — Agency MBS - commercial 3,057 — 3,057 — — States and political subdivisions 493 — 493 — — Other 34 — 34 — — Total AFS securities 120,788 — 120,788 — — LHFS at fair value 4,955 — 4,955 — — MSRs at fair value 2,023 — — 2,023 — Other assets: Derivative assets 3,837 752 4,903 186 (2,004) Equity securities 1,054 996 58 — — Total assets $ 136,529 $ 1,871 $ 134,453 $ 2,209 $ (2,004) Liabilities: Derivative liabilities $ 555 $ 386 $ 3,263 $ 14 $ (3,108) Securities sold short 1,115 3 1,112 — — Total liabilities $ 1,670 $ 389 $ 4,375 $ 14 $ (3,108) (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 Non-agency MBS MSRs Net Derivatives Private Equity Investments 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) — — — Issuances — 187 155 — Settlements (9) (129) (142) (21) Balance at March 31, 2020 $ 298 $ 2,150 $ 143 $ 448 Balance at January 1, 2021 $ — $ 2,023 $ 172 $ — Total realized and unrealized gains (losses): Included in earnings — 374 (164) — Issuances — 192 96 — Settlements — (224) (114) — Balance at March 31, 2021 $ — $ 2,365 $ (10) $ — Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held at March 31, 2021 $ — $ 374 $ (45) $ — Primary income statement location of realized gains (losses) included in earnings Securities gains (losses) 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, 2021 December 31, 2020 (Dollars in millions) Fair Value UPB Difference Fair Value UPB Difference Trading loans $ 1,543 $ 1,532 $ 11 $ 1,586 $ 1,619 $ (33) LHFS at fair value 5,465 5,407 58 4,955 4,736 219
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 still held as of period end. The carrying values represent end of period values, which approximate the fair value measurements that occurred on the various measurement dates throughout the period. These assets are considered to be Level 3 assets. (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Carrying value: LHFS $ 160 $ 979 Loans and leases 181 142 Other 129 92 The following table provides information about valuation adjustments for certain assets measured at fair value on a nonrecurring basis. The valuation adjustments represent the amounts recorded during the period regardless of whether the asset is still held at period end. Three Months Ended March 31, 2021 2020 Valuation adjustments: LHFS $ (16) $ (25) Loans and leases (30) (7) Other (95) (88)
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, 2021 December 31, 2020 (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 $ 285,849 $ 288,956 $ 293,899 $ 295,461 Financial liabilities: Time deposits Level 2 19,192 19,314 21,941 22,095 Long-term debt Level 2 37,753 38,060 39,597 40,864

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 and December 31, 2020. March 31, 2021 December 31, 2020 Notional Amount Fair Value Notional Amount Fair Value (Dollars in millions) Assets Liabilities Assets Liabilities Fair value hedges: Interest rate contracts: Swaps hedging AFS securities $ 19,809 $ — $ — $ 17,765 $ — $ — Not designated as hedges: Client-related and other risk management: Interest rate contracts: Swaps 154,617 2,394 (843) 156,338 3,399 (862) Options 25,598 39 (15) 25,386 45 (18) Forward commitments 4,033 17 (8) 4,847 9 (11) Other 2,091 — — 2,573 — — Equity contracts 28,298 1,702 (2,189) 31,152 1,856 (2,297) Credit contracts: Loans and leases 1,120 — (4) 1,056 — (5) Risk participation agreements 7,743 1 (10) 7,802 1 (13) Total return swaps 1,355 3 (30) 1,296 13 (33) Foreign exchange contracts 12,185 131 (105) 12,066 189 (219) Commodity 3,688 239 (232) 2,872 130 (124) Total 240,728 4,526 (3,436) 245,388 5,642 (3,582) Mortgage banking: Interest rate contracts: Swaps 686 — — 687 — — Interest rate lock commitments 6,371 47 (47) 8,609 186 (3) When issued securities, forward rate agreements and forward commitments 11,185 204 (17) 11,691 6 (73) Other 530 2 — 466 — — Total 18,772 253 (64) 21,453 192 (76) MSRs: Interest rate contracts: Swaps 26,510 — — 36,161 — (5) Options 101 2 — 101 — — When issued securities, forward rate agreements and forward commitments 2,008 — (24) 1,314 7 — Other 3,683 — — 760 — — Total 32,302 2 (24) 38,336 7 (5) Total derivatives not designated as hedges 291,802 4,781 (3,524) 305,177 5,841 (3,663) Total derivatives $ 311,611 4,781 (3,524) $ 322,942 5,841 (3,663) Gross amounts in the Consolidated Balance Sheets: Amounts subject to master netting arrangements (1,471) 1,471 (1,561) 1,561 Cash collateral (received) posted for amounts subject to master netting arrangements (384) 1,349 (443) 1,547 Net amount $ 2,926 $ (704) $ 3,837 $ (555)
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 Sheets: March 31, 2021 Gross Amount Amount Offset Net Amount in Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 3,931 $ (1,855) $ 2,076 $ (2) $ 2,074 Derivatives not subject to master netting arrangement or similar arrangement 467 — 467 — 467 Exchange traded derivatives 383 — 383 — 383 Total derivative assets $ 4,781 $ (1,855) $ 2,926 $ (2) $ 2,924 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (3,236) $ 2,815 $ (421) $ 43 $ (378) Derivatives not subject to master netting arrangement or similar arrangement (288) 5 (283) — (283) Total derivative liabilities $ (3,524) $ 2,820 $ (704) $ 43 $ (661) December 31, 2020 Gross Amount Amount Offset Net Amount in Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 4,383 $ (1,618) $ 2,765 $ (2) $ 2,763 Derivatives not subject to master netting arrangement or similar arrangement 705 — 705 (1) 704 Exchange traded derivatives 753 (386) 367 — 367 Total derivative assets $ 5,841 $ (2,004) $ 3,837 $ (3) $ 3,834 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (3,103) $ 2,722 $ (381) $ 35 $ (346) Derivatives not subject to master netting arrangement or similar arrangement (174) — (174) — (174) Exchange traded derivatives (386) 386 — — — Total derivative liabilities $ (3,663) $ 3,108 $ (555) $ 35 $ (520)
Schedule of Fair Value Hedging Basis Adjustments	The following table presents the carrying value of hedged items in fair value hedging relationships: March 31, 2021 December 31, 2020 Hedge Basis Adjustment Hedge Basis Adjustment (Dollars in millions) Hedged Asset / Liability Basis Items Currently Designated Discontinued Hedges Hedged Asset / Liability Basis Items Currently Designated Discontinued Hedges AFS securities (1) $ 101,804 $ (557) $ 48 $ 100,988 $ (33) $ 50 Loans and leases 463 — 17 470 — 18 Long-term debt 24,924 — 848 27,725 — 930 (1) The amortized cost of AFS securities was $103.2 billion at March 31, 2021 and $99.4 billion at December 31, 2020.
Impact of Derivatives on the Consolidated Statements of Income and Comprehensive Income	The following table summarizes amounts related to cash flow hedges, which consist of interest rate contracts. Three Months Ended March 31, (Dollars in millions) 2021 2020 Pre-tax gain (loss) recognized in OCI: Deposits $ — $ — Short-term borrowings — — Long-term debt — — Total $ — $ — Pre-tax gain (loss) reclassified from AOCI into interest expense: Deposits $ (1) $ (2) Short-term borrowings (5) (4) Long-term debt (5) (8) Total $ (11) $ (14) Pre-tax gain (loss) reclassified from AOCI into other expense: (1) Deposits $ (12) $ — Short-term borrowings (20) — Long-term debt (4) Total $ (36) $ — (1) Represents the accelerated amortization of amounts reclassified from AOCI, where management determined that the forecasted transaction is probable of not occurring. The following table summarizes the impact on net interest income related to fair value hedges: Three Months Ended March 31, (Dollars in millions) 2021 2020 AFS securities: Amounts related to interest settlements $ (11) $ — Recognized on derivatives 524 — Recognized on hedged items (526) (2) Net income (expense) recognized (13) (2) Loans and leases: Recognized on derivatives — (3) Recognized on hedged items (1) 2 Net income (expense) recognized (1) (1) Long-term debt: Amounts related to interest settlements — 16 Recognized on derivatives — 922 Recognized on hedged items 79 (922) Net income (expense) recognized 79 16 Net income (expense) recognized, total $ 65 $ 13 The following table presents information about the Company’s cash flow and fair value hedges: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Cash flow hedges: Net unrecognized after-tax gain (loss) on terminated hedges recorded in AOCI (to be recognized in earnings through 2022) $ (28) $ (64) 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 (24) (42) Fair value hedges: Unrecognized pre-tax net gain (loss) on terminated hedges (to be recognized as interest primarily through 2029) $ 783 $ 862 Portion of pre-tax net gain (loss) on terminated hedges to be recognized as a change in interest during the next 12 months 271 292 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 2021 2020 Client-related and other risk management: Interest rate contracts Investment banking and trading income and other income $ 102 $ (64) Foreign exchange contracts Investment banking and trading income and other income 26 107 Equity contracts Investment banking and trading income and other income (8) (10) Credit contracts Investment banking and trading income and other income (34) 459 Commodity contracts Investment banking and trading income 2 3 Mortgage banking: Interest rate contracts Residential mortgage income 91 (122) Interest rate contracts Commercial real estate related income (1) 2 MSRs: Interest rate contracts Residential mortgage income (333) 495 Interest rate contracts Commercial real estate related income (12) 20 Total $ (167) $ 890
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, 2021 Dec 31, 2020 Risk participation agreements: Maximum potential amount of exposure $ 503 $ 530 Total return swaps: Cash collateral held 345 374
Schedule of Derivative Instruments Summary of Collateral Positions with Counterparties	The following table summarizes collateral positions with counterparties: (Dollars in millions) Mar 31, 2021 Dec 31, 2020 Dealer and other counterparties: Cash and other collateral received from counterparties $ 387 $ 446 Derivatives in a net gain position secured by collateral received 565 585 Unsecured positions in a net gain with counterparties after collateral postings 46 49 Cash collateral posted to dealer counterparties 1,392 1,524 Derivatives in a net loss position secured by collateral 1,484 1,604 Additional collateral that would have been posted had the Company’s credit ratings dropped below investment grade 3 3 Central counterparties clearing: Cash collateral, including initial margin, posted to central clearing parties 52 172 Derivatives in a net loss position 10 90 Derivatives in a net gain position 2 5 Securities pledged to central counterparties clearing 1,223 1,281

Computation of EPS (Tables)

Computation of EPS (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 2020 Net income available to common shareholders $ 1,334 $ 986 Weighted average number of common shares 1,345,666 1,344,372 Effect of dilutive outstanding equity-based awards 13,266 13,173 Weighted average number of diluted common shares 1,358,932 1,357,545 Basic EPS $ 0.99 $ 0.73 Diluted EPS $ 0.98 $ 0.73 Anti-dilutive awards 376 1,725

Operating Segments (Tables)

Operating Segments (Tables)	3 Months Ended
	Mar. 31, 2021
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 OT&C (1) Total 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Net interest income (expense) $ 1,752 $ 1,860 $ 1,208 $ 1,534 $ 24 $ 36 $ 301 $ 220 $ 3,285 $ 3,650 Net intersegment interest income (expense) 386 397 1 (211) (4) (11) (383) (175) — — Segment net interest income 2,138 2,257 1,209 1,323 20 25 (82) 45 3,285 3,650 Allocated provision for credit losses 100 437 (35) 399 1 1 (18) 56 48 893 Segment net interest income after provision 2,038 1,820 1,244 924 19 24 (64) (11) 3,237 2,757 Noninterest income 921 1,066 694 457 633 557 (51) (119) 2,197 1,961 Amortization of intangibles 79 100 38 42 26 18 1 5 144 165 Other noninterest expense 1,831 1,904 744 827 453 422 438 113 3,466 3,266 Income (loss) before income taxes 1,049 882 1,156 512 173 141 (554) (248) 1,824 1,287 Provision (benefit) for income taxes 246 207 248 91 42 36 (185) (110) 351 224 Segment net income (loss) $ 803 $ 675 $ 908 $ 421 $ 131 $ 105 $ (369) $ (138) $ 1,473 $ 1,063 Identifiable assets (period end) $ 159,352 $ 169,896 $ 182,459 $ 202,214 $ 8,062 $ 7,009 $ 167,664 $ 127,110 $ 517,537 $ 506,229 (1) Includes financial data from business units below the quantitative and qualitative thresholds requiring disclosure.

Securities Financing Activiti_3

Securities Financing Activities - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Offsetting [Abstract]
Market Value of Collateral Held for Securities Borrowed and Securities Under Resell Agreements	$ 1,300	$ 1,700
Market Value of Collateral that Has Been Repledged		$ 27

Securities Purchased under Agre

Securities Purchased under Agreements to Resale & Securities Borrowed (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Offsetting [Abstract]
Securities purchased under resale agreements	$ 705	$ 1,158
Securities borrowed	644	587
Total securities borrowed or purchased under resale agreements	$ 1,349	$ 1,745

Securities Financing Activiti_4

Securities Financing Activities (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Offsetting Liabilities [Line Items]
Short-term Debt	$ 5,889	$ 6,092
Securities Sold under Agreements to Repurchase
Offsetting Liabilities [Line Items]
Short-term Debt	1,493	1,221
Securities Sold under Agreements to Repurchase | U.S. Treasury
Offsetting Liabilities [Line Items]
Short-term Debt	257	336
Securities Sold under Agreements to Repurchase | GSE
Offsetting Liabilities [Line Items]
Short-term Debt	21	54
Securities Sold under Agreements to Repurchase | Agency MBS - residential
Offsetting Liabilities [Line Items]
Short-term Debt	784	448
Securities Sold under Agreements to Repurchase | Corporate and other debt securities
Offsetting Liabilities [Line Items]
Short-term Debt	431	383
Securities Sold under Agreements to Repurchase | Overnight and Continuous
Offsetting Liabilities [Line Items]
Short-term Debt	1,138	996
Securities Sold under Agreements to Repurchase | Overnight and Continuous | U.S. Treasury
Offsetting Liabilities [Line Items]
Short-term Debt	244	305
Securities Sold under Agreements to Repurchase | Overnight and Continuous | GSE
Offsetting Liabilities [Line Items]
Short-term Debt	1	45
Securities Sold under Agreements to Repurchase | Overnight and Continuous | Agency MBS - residential
Offsetting Liabilities [Line Items]
Short-term Debt	675	442
Securities Sold under Agreements to Repurchase | Overnight and Continuous | Corporate and other debt securities
Offsetting Liabilities [Line Items]
Short-term Debt	218	204
Securities Sold under Agreements to Repurchase | Up to 30 days
Offsetting Liabilities [Line Items]
Short-term Debt	355	225
Securities Sold under Agreements to Repurchase | Up to 30 days | U.S. Treasury
Offsetting Liabilities [Line Items]
Short-term Debt	13	31
Securities Sold under Agreements to Repurchase | Up to 30 days | GSE
Offsetting Liabilities [Line Items]
Short-term Debt	20	9
Securities Sold under Agreements to Repurchase | Up to 30 days | Agency MBS - residential
Offsetting Liabilities [Line Items]
Short-term Debt	109	6
Securities Sold under Agreements to Repurchase | Up to 30 days | Corporate and other debt securities
Offsetting Liabilities [Line Items]
Short-term Debt	$ 213	$ 179

Investment Securities - Narrati

Investment Securities - Narrative (Details) $ in Millions	Mar. 31, 2021USD ($)
Debt Securities Exceeding Ten Percent of Stockholders Equity [Line Items]
Debt Securities, Available-for-sale, Allowance for Credit Loss	$ 0
FNMA investments
Debt Securities Exceeding Ten Percent of Stockholders Equity [Line Items]
Securities, amortized cost	33,600
Securities, fair value	33,000
FHLMC investments
Debt Securities Exceeding Ten Percent of Stockholders Equity [Line Items]
Securities, amortized cost	33,700
Securities, fair value	$ 32,900

Investment Securities - Amortiz

Investment Securities - Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
AFS securities
Amortized Cost	$ 124,648	$ 118,618
Gross Unrealized Gains	1,436	2,196
Gross Unrealized Losses	2,277	26
AFS securities, Fair Value	123,807	120,788
U.S. Treasury
AFS securities
Amortized Cost	1,763	1,721
Gross Unrealized Gains	19	25
Gross Unrealized Losses	14	0
AFS securities, Fair Value	1,768	1,746
GSE
AFS securities
Amortized Cost	1,839	1,840
Gross Unrealized Gains	64	77
Gross Unrealized Losses	0	0
AFS securities, Fair Value	1,903	1,917
Agency MBS | Agency MBS - residential
AFS securities
Amortized Cost	117,401	111,589
Gross Unrealized Gains	1,273	1,975
Gross Unrealized Losses	2,223	23
AFS securities, Fair Value	116,451	113,541
Agency MBS | Commercial Mortgage Backed Securities
AFS securities
Amortized Cost	3,174	2,987
Gross Unrealized Gains	41	72
Gross Unrealized Losses	38	2
AFS securities, Fair Value	3,177	3,057
States and political subdivisions
AFS securities
Amortized Cost	440	447
Gross Unrealized Gains	38	47
Gross Unrealized Losses	2	1
AFS securities, Fair Value	476	493
Other
AFS securities
Amortized Cost	31	34
Gross Unrealized Gains	1	0
Gross Unrealized Losses	0	0
AFS securities, Fair Value	$ 32	$ 34

Investment Securities - Amort_2

Investment Securities - Amortized Cost and Estimated Fair Value by Contractual Maturity (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
AFS, Amortized Cost
Due in one year or less	$ 630
Due after one year through five years	3,061
Due after five years through ten years	501
Due after ten years	120,456
Debt Securities, Available-for-sale, Amortized Cost, Total	124,648	$ 118,618
AFS, Fair Value
Due in one year or less	637
Due after one year through five years	3,126
Due after five years through ten years	526
Due after ten years	119,518
Debt Securities, Available-for-sale, Total	123,807	120,788
U.S. Treasury
AFS, Amortized Cost
Due in one year or less	250
Due after one year through five years	1,513
Due after five years through ten years	0
Due after ten years	0
Debt Securities, Available-for-sale, Amortized Cost, Total	1,763	1,721
AFS, Fair Value
Due in one year or less	250
Due after one year through five years	1,518
Due after five years through ten years	0
Due after ten years	0
Debt Securities, Available-for-sale, Total	1,768	1,746
GSE
AFS, Amortized Cost
Due in one year or less	340
Due after one year through five years	1,430
Due after five years through ten years	0
Due after ten years	69
Debt Securities, Available-for-sale, Amortized Cost, Total	1,839	1,840
AFS, Fair Value
Due in one year or less	346
Due after one year through five years	1,485
Due after five years through ten years	0
Due after ten years	72
Debt Securities, Available-for-sale, Total	1,903	1,917
Agency MBS | Agency MBS - residential
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	389
Due after ten years	117,011
Debt Securities, Available-for-sale, Amortized Cost, Total	117,401	111,589
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	402
Due after ten years	116,048
Debt Securities, Available-for-sale, Total	116,451	113,541
Agency MBS | Commercial 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	12
Due after ten years	3,161
Debt Securities, Available-for-sale, Amortized Cost, Total	3,174	2,987
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	12
Due after ten years	3,163
Debt Securities, Available-for-sale, Total	3,177	3,057
States and political subdivisions
AFS, Amortized Cost
Due in one year or less	39
Due after one year through five years	110
Due after five years through ten years	100
Due after ten years	191
Debt Securities, Available-for-sale, Amortized Cost, Total	440	447
AFS, Fair Value
Due in one year or less	40
Due after one year through five years	114
Due after five years through ten years	112
Due after ten years	210
Debt Securities, Available-for-sale, Total	476	493
Other
AFS, Amortized Cost
Due in one year or less	1
Due after one year through five years	6
Due after five years through ten years	0
Due after ten years	24
Debt Securities, Available-for-sale, Amortized Cost, Total	31	34
AFS, Fair Value
Due in one year or less	1
Due after one year through five years	6
Due after five years through ten years	0
Due after ten years	25
Debt Securities, Available-for-sale, Total	$ 32	$ 34

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, 2021	Dec. 31, 2020
AFS securities, Fair Value
Less than 12 months	$ 74,504	$ 4,534
12 months or more	200	239
Total	74,704	4,773
AFS securities, Unrealized Losses
Less than 12 months	2,274	23
12 months or more	3	3
Total	2,277	26
U.S. Treasury
AFS securities, Fair Value
Less than 12 months	704	17
12 months or more	0	0
Total	704	17
AFS securities, Unrealized Losses
Less than 12 months	14	0
12 months or more	0	0
Total	14	0
GSE
AFS securities, Fair Value
Less than 12 months	3
12 months or more	0
Total	3
AFS securities, Unrealized Losses
Less than 12 months	0
12 months or more	0
Total	0
Agency MBS | Agency MBS - residential
AFS securities, Fair Value
Less than 12 months	71,675	4,028
12 months or more	165	203
Total	71,840	4,231
AFS securities, Unrealized Losses
Less than 12 months	2,221	21
12 months or more	2	2
Total	2,223	23
Agency MBS | Commercial Mortgage Backed Securities
AFS securities, Fair Value
Less than 12 months	2,080	463
12 months or more	3	4
Total	2,083	467
AFS securities, Unrealized Losses
Less than 12 months	38	2
12 months or more	0	0
Total	38	2
States and political subdivisions
AFS securities, Fair Value
Less than 12 months	42	20
12 months or more	32	32
Total	74	52
AFS securities, Unrealized Losses
Less than 12 months	1	0
12 months or more	1	1
Total	$ 2	1
Other
AFS securities, Fair Value
Less than 12 months		6
12 months or more		0
Total		6
AFS securities, Unrealized Losses
Less than 12 months		0
12 months or more		0
Total		$ 0

Investments Securities - Gain (

Investments Securities - Gain (Loss) on Securities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Gain (Loss) on Securities [Line Items]
Gross realized gains	$ 0	$ 0
Gross realized losses	0	(2)
Noninterest income	2,197	1,961
Securities gains (losses)
Gain (Loss) on Securities [Line Items]
Noninterest income	$ 0	$ (2)

Loans and ACL - Narrative (Deta

Loans and ACL - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable
Financing Receivable, Nonaccrual, Interest Income	$ 10	$ 8
Modifications that defaulted during the period that had been classified as a TDR during the previous 12 months	14	$ 21
Commercial:
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)	(101)
Commitments to extend, originate, or purchase credit
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)	(15)
Consumer:
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)	$ (74)

Loans and ACL - Aging Analysis

Loans and ACL - Aging Analysis of Loans and Leases (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable [Line Items]
Current	$ 286,480	$ 294,176
30-89 Days Past Due	1,788	2,220
90 Days Or More Past Due	2,072	2,008
Nonperforming	1,171	1,330
Total	291,511	299,734
Commercial: | Commercial and industrial
Financing Receivable [Line Items]
Current	134,850	137,726
30-89 Days Past Due	117	83
90 Days Or More Past Due	14	13
Nonperforming	451	532
Total	135,432	138,354
Commercial: | CRE
Financing Receivable [Line Items]
Current	25,832	26,506
30-89 Days Past Due	9	14
90 Days Or More Past Due	0	0
Nonperforming	58	75
Total	25,899	26,595
Commercial: | Commercial construction
Financing Receivable [Line Items]
Current	6,542	6,472
30-89 Days Past Due	4	5
90 Days Or More Past Due	0	0
Nonperforming	13	14
Total	6,559	6,491
Commercial: | Lease financing
Financing Receivable [Line Items]
Current	4,825	5,206
30-89 Days Past Due	35	6
90 Days Or More Past Due	0	0
Nonperforming	23	28
Total	4,883	5,240
Consumer: | Residential mortgage
Financing Receivable [Line Items]
Current	42,456	45,333
30-89 Days Past Due	577	782
90 Days Or More Past Due	975	841
Nonperforming	290	316
Total	44,298	47,272
Consumer: | Residential home equity and direct
Financing Receivable [Line Items]
Current	25,068	25,751
30-89 Days Past Due	82	98
90 Days Or More Past Due	11	10
Nonperforming	172	205
Total	25,333	26,064
Consumer: | Indirect auto
Financing Receivable [Line Items]
Current	25,950	25,498
30-89 Days Past Due	328	495
90 Days Or More Past Due	2	2
Nonperforming	158	155
Total	26,438	26,150
Consumer: | Indirect other
Financing Receivable [Line Items]
Current	10,579	11,102
30-89 Days Past Due	45	68
90 Days Or More Past Due	1	2
Nonperforming	6	5
Total	10,631	11,177
Consumer: | Student
Financing Receivable [Line Items]
Current	5,885	5,823
30-89 Days Past Due	556	618
90 Days Or More Past Due	1,037	1,111
Nonperforming	0	0
Total	7,478	7,552
Credit card
Financing Receivable [Line Items]
Current	4,493	4,759
30-89 Days Past Due	35	51
90 Days Or More Past Due	32	29
Nonperforming	0	0
Total	$ 4,560	$ 4,839

Loans and ACL - Risk Rating (De

Loans and ACL - Risk Rating (Details) - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Financing Receivable
Loans and leases		$ 291,511	$ 299,734
Financing Receivable, Year One, Originated, Current Fiscal Year		18,257	70,929
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		62,280	51,905
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		47,173	33,350
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		29,357	20,386
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		17,969	14,865
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		50,215	40,413
Revolving Credit		63,138	66,107
Loans Converted to Term		3,544	2,012
Other (1)	[1]	(422)	(233)
Credit card
Financing Receivable
Loans and leases		4,560	4,839
Financing Receivable, Year One, Originated, Current Fiscal Year		0	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0	0
Revolving Credit		4,525	4,802
Loans Converted to Term		35	37
Other (1)	[1]	0	0
Commercial: | Commercial and industrial
Financing Receivable
Loans and leases		135,432	138,354
Financing Receivable, Year One, Originated, Current Fiscal Year		9,297	35,828
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		29,465	19,852
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		18,236	14,042
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		12,414	7,961
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		7,132	5,463
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		13,552	9,362
Revolving Credit		45,944	46,174
Loans Converted to Term		0	252
Other (1)	[1]	(608)	(580)
Commercial: | Commercial and industrial | Pass
Financing Receivable
Loans and leases		128,469	131,258
Financing Receivable, Year One, Originated, Current Fiscal Year		9,085	34,858
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		28,582	18,881
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		17,269	13,312
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		11,717	7,713
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		6,896	5,174
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		12,834	8,888
Revolving Credit		42,694	42,780
Loans Converted to Term		0	231
Other (1)	[1]	(608)	(579)
Commercial: | Commercial and industrial | Special mention
Financing Receivable
Loans and leases		3,470	3,435
Financing Receivable, Year One, Originated, Current Fiscal Year		73	471
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		480	434
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		466	343
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		325	98
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		93	120
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		255	157
Revolving Credit		1,778	1,808
Loans Converted to Term		0	5
Other (1)	[1]	0	(1)
Commercial: | Commercial and industrial | Substandard
Financing Receivable
Loans and leases		3,042	3,129
Financing Receivable, Year One, Originated, Current Fiscal Year		132	461
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		364	445
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		444	339
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		331	121
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		119	144
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		364	256
Revolving Credit		1,289	1,353
Loans Converted to Term		0	12
Other (1)	[1]	(1)	(2)
Commercial: | Commercial and industrial | Nonperforming
Financing Receivable
Loans and leases		451	532
Financing Receivable, Year One, Originated, Current Fiscal Year		7	38
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		39	92
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		57	48
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		41	29
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		24	25
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		99	61
Revolving Credit		183	233
Loans Converted to Term		0	4
Other (1)	[1]	1	2
Commercial: | CRE
Financing Receivable
Loans and leases		25,899	26,595
Financing Receivable, Year One, Originated, Current Fiscal Year		1,112	5,145
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		4,654	7,990
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		7,700	5,451
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		5,082	3,158
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		2,980	1,738
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		3,868	2,560
Revolving Credit		566	622
Loans Converted to Term		0	0
Other (1)	[1]	(63)	(69)
Commercial: | CRE | Pass
Financing Receivable
Loans and leases		21,893	22,459
Financing Receivable, Year One, Originated, Current Fiscal Year		987	4,563
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		4,110	6,600
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		6,311	4,427
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		4,138	2,752
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		2,582	1,473
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		3,267	2,096
Revolving Credit		561	617
Loans Converted to Term		0	0
Other (1)	[1]	(63)	(69)
Commercial: | CRE | Special mention
Financing Receivable
Loans and leases		1,278	1,689
Financing Receivable, Year One, Originated, Current Fiscal Year		39	171
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		125	599
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		546	585
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		337	116
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		85	77
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		146	141
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	0	0
Commercial: | CRE | Substandard
Financing Receivable
Loans and leases		2,670	2,372
Financing Receivable, Year One, Originated, Current Fiscal Year		84	410
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		418	776
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		843	438
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		606	281
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		304	182
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		410	280
Revolving Credit		5	5
Loans Converted to Term		0	0
Other (1)	[1]	0	0
Commercial: | CRE | Nonperforming
Financing Receivable
Loans and leases		58	75
Financing Receivable, Year One, Originated, Current Fiscal Year		2	1
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		1	15
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		0	1
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1	9
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		9	6
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		45	43
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	0	0
Commercial: | Commercial construction
Financing Receivable
Loans and leases		6,559	6,491
Financing Receivable, Year One, Originated, Current Fiscal Year		317	1,123
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		1,195	2,358
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		2,397	2,026
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1,685	299
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		248	33
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		114	111
Revolving Credit		598	536
Loans Converted to Term		0	3
Other (1)	[1]	5	2
Commercial: | Commercial construction | Pass
Financing Receivable
Loans and leases		6,071	5,987
Financing Receivable, Year One, Originated, Current Fiscal Year		315	1,052
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		1,132	2,141
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		2,166	1,889
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1,570	232
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		177	27
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		113	110
Revolving Credit		594	534
Loans Converted to Term		0	0
Other (1)	[1]	4	2
Commercial: | Commercial construction | Special mention
Financing Receivable
Loans and leases		240	175
Financing Receivable, Year One, Originated, Current Fiscal Year		0	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0	108
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		187	64
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		50	1
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0	0
Revolving Credit		2	2
Loans Converted to Term		0	0
Other (1)	[1]	0	0
Commercial: | Commercial construction | Substandard
Financing Receivable
Loans and leases		235	315
Financing Receivable, Year One, Originated, Current Fiscal Year		2	70
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		62	106
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		42	73
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		65	59
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		63	6
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		1	1
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	0	0
Commercial: | Commercial construction | Nonperforming
Financing Receivable
Loans and leases		13	14
Financing Receivable, Year One, Originated, Current Fiscal Year		0	1
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		1	3
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		2	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		0	7
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		7	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0	0
Revolving Credit		2	0
Loans Converted to Term		0	3
Other (1)	[1]	1	0
Commercial: | Lease financing
Financing Receivable
Loans and leases		4,883	5,240
Financing Receivable, Year One, Originated, Current Fiscal Year		268	1,380
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		1,329	1,217
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		1,008	801
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		702	764
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		674	248
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		968	803
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	(66)	27
Commercial: | Lease financing | Pass
Financing Receivable
Loans and leases		4,711	5,065
Financing Receivable, Year One, Originated, Current Fiscal Year		268	1,377
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		1,327	1,139
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		937	775
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		677	746
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		658	241
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		910	760
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	(66)	27
Commercial: | Lease financing | Special mention
Financing Receivable
Loans and leases		61	72
Financing Receivable, Year One, Originated, Current Fiscal Year		0	1
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0	39
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		34	20
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		16	5
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		3	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		8	7
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	0	0
Commercial: | Lease financing | Substandard
Financing Receivable
Loans and leases		88	75
Financing Receivable, Year One, Originated, Current Fiscal Year		0	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0	34
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		33	3
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		7	4
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		3	3
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		45	31
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	0	0
Commercial: | Lease financing | Nonperforming
Financing Receivable
Loans and leases		23	28
Financing Receivable, Year One, Originated, Current Fiscal Year		0	2
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		2	5
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		4	3
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		2	9
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		10	4
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		5	5
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	0	0
Consumer: | Residential mortgage
Financing Receivable
Loans and leases		44,298	47,272
Financing Receivable, Year One, Originated, Current Fiscal Year		2,055	8,200
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		8,042	6,742
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		5,743	3,751
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		3,157	4,387
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		3,700	5,438
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		21,481	18,590
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	120	164
Consumer: | Residential mortgage | Performing
Financing Receivable
Loans and leases		44,008	46,956
Financing Receivable, Year One, Originated, Current Fiscal Year		2,055	8,197
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		8,040	6,729
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		5,729	3,735
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		3,137	4,374
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		3,687	5,424
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		21,240	18,333
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	120	164
Consumer: | Residential mortgage | Nonperforming
Financing Receivable
Loans and leases		290	316
Financing Receivable, Year One, Originated, Current Fiscal Year		0	3
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		2	13
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		14	16
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		20	13
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		13	14
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		241	257
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	0	0
Consumer: | Residential home equity and direct
Financing Receivable
Loans and leases		25,333	26,064
Financing Receivable, Year One, Originated, Current Fiscal Year		1,375	4,514
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		3,946	3,130
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		2,726	1,418
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1,192	482
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		388	215
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		660	564
Revolving Credit		11,505	13,973
Loans Converted to Term		3,509	1,720
Other (1)	[1]	32	48
Consumer: | Residential home equity and direct | Performing
Financing Receivable
Loans and leases		25,161	25,859
Financing Receivable, Year One, Originated, Current Fiscal Year		1,375	4,513
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		3,944	3,126
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		2,721	1,416
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1,190	481
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		387	214
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		653	557
Revolving Credit		11,448	13,886
Loans Converted to Term		3,413	1,619
Other (1)	[1]	30	47
Consumer: | Residential home equity and direct | Nonperforming
Financing Receivable
Loans and leases		172	205
Financing Receivable, Year One, Originated, Current Fiscal Year		0	1
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		2	4
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		5	2
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		2	1
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1	1
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		7	7
Revolving Credit		57	87
Loans Converted to Term		96	101
Other (1)	[1]	2	1
Consumer: | Indirect auto
Financing Receivable
Loans and leases		26,438	26,150
Financing Receivable, Year One, Originated, Current Fiscal Year		2,881	10,283
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		9,700	7,486
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		6,716	4,059
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		3,568	2,428
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		2,069	1,235
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		1,359	518
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	145	141
Consumer: | Indirect auto | Performing
Financing Receivable
Loans and leases		26,280	25,995
Financing Receivable, Year One, Originated, Current Fiscal Year		2,881	10,270
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		9,678	7,436
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		6,664	4,015
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		3,528	2,401
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		2,043	1,220
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		1,335	506
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	151	147
Consumer: | Indirect auto | Nonperforming
Financing Receivable
Loans and leases		158	155
Financing Receivable, Year One, Originated, Current Fiscal Year		0	13
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		22	50
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		52	44
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		40	27
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		26	15
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		24	12
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	(6)	(6)
Consumer: | Indirect other
Financing Receivable
Loans and leases		10,631	11,177
Financing Receivable, Year One, Originated, Current Fiscal Year		952	4,434
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		3,925	3,020
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		2,543	1,707
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1,468	826
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		703	431
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		1,013	720
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	27	39
Consumer: | Indirect other | Performing
Financing Receivable
Loans and leases		10,625	11,172
Financing Receivable, Year One, Originated, Current Fiscal Year		952	4,433
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		3,923	3,019
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		2,542	1,706
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1,467	826
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		703	431
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		1,011	718
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	27	39
Consumer: | Indirect other | Nonperforming
Financing Receivable
Loans and leases		6	5
Financing Receivable, Year One, Originated, Current Fiscal Year		0	1
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		2	1
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		1	1
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		2	2
Revolving Credit		0	0
Loans Converted to Term		0	0
Other (1)	[1]	0	0
Consumer: | Student
Financing Receivable
Loans and leases		7,478	7,552
Financing Receivable, Year One, Originated, Current Fiscal Year		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		24
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		104
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		89
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		75
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		7,200
Revolving Credit		0
Loans Converted to Term		0
Other (1)	[1]	$ (14)
Consumer: | Student | Performing
Financing Receivable
Loans and leases			7,552
Financing Receivable, Year One, Originated, Current Fiscal Year			22
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year			110
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year			95
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year			81
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year			64
Financing Receivable, Originated, More than Five Years before Current Fiscal Year			7,185
Revolving Credit			0
Loans Converted to Term			0
Other (1)	[1]		$ (5)
[1]	Includes certain deferred fees and costs, unapplied payments, and other adjustments.

Loans and ACL - Allowance for C

Loans and ACL - Allowance for Credit Losses (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision for credit losses		$ 48	$ 893
Commercial: | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		2,156	560	[1]
Charge-Offs		(73)	(39)
Recoveries		19	17
Provision for credit losses		(11)	371
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	0	904
ACL, ending balance		2,091	1,813
Commercial: | CRE
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		573	150	[1]
Charge-Offs		(4)	(1)
Recoveries		1	0
Provision for credit losses		(26)	68
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	0	82
ACL, ending balance		544	299
Commercial: | Commercial construction
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		81	52	[1]
Charge-Offs		(2)	(3)
Recoveries		1	1
Provision for credit losses		(3)	22
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	0	16
ACL, ending balance		77	88
Commercial: | Lease financing
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		48	10	[1]
Charge-Offs		(6)	(2)
Recoveries		0	0
Provision for credit losses		3	(23)
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	0	94
ACL, ending balance		45	79
Consumer: | Residential mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		368	176	[1]
Charge-Offs		(11)	(11)
Recoveries		2	2
Provision for credit losses		(16)	(4)
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	0	264
ACL, ending balance		343	427
Consumer: | Residential home equity and direct
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		714	107	[1]
Charge-Offs		(55)	(68)
Recoveries		18	15
Provision for credit losses		30	102
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	0	451
ACL, ending balance		707	607
Consumer: | Indirect auto
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		1,198	304	[1]
Charge-Offs		(105)	(142)
Recoveries		22	23
Provision for credit losses		61	189
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	0	818
ACL, ending balance		1,176	1,192
Consumer: | Indirect other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		208	60	[1]
Charge-Offs		(17)	(18)
Recoveries		6	7
Provision for credit losses		(10)	12
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	0	152
ACL, ending balance		187	213
Consumer: | Student
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		130	0	[1]
Charge-Offs		(3)	(8)
Recoveries		0	0
Provision for credit losses		2	34
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	2	120
ACL, ending balance		131	146
Credit card
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		359	122	[1]
Charge-Offs		(40)	(53)
Recoveries		9	8
Provision for credit losses		33	95
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	0	175
ACL, ending balance		361	347
PCI
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance	[1]		8
Charge-Offs			0
Recoveries			0
Provision for credit losses			0
Allowance for Loan and Lease Losses, Adjustments, Other	[2]		(8)
ACL, ending balance			0
ALLL
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		5,835	1,549	[1]
Charge-Offs		(316)	(345)
Recoveries		78	73
Provision for credit losses		63	866
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	2	3,068
ACL, ending balance		5,662	5,211
RUFC
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		364	340	[1]
Charge-Offs		0	0
Recoveries		0	0
Provision for credit losses		(15)	27
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	0	33
ACL, ending balance		349	400
ACL
Financing Receivable, Allowance for Credit Loss [Roll Forward]
ACL, beginning balance		6,199	1,889	[1]
Charge-Offs		(316)	(345)
Recoveries		78	73
Provision for credit losses		48	893
Allowance for Loan and Lease Losses, Adjustments, Other	[2]	2	3,101
ACL, ending balance		$ 6,011	$ 5,611
[1]	Balance is prior to the adoption of CECL.
[2]	Includes the adoption of CECL, the ALLL for PCD acquisitions, and other activity.

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, 2021USD ($)
Financing Receivable
Par value	$ 122
ALLL at acquisition	(2)
Non-credit premium (discount)	0
Purchase price	$ 120

Loans and ACL - Nonperforming L

Loans and ACL - Nonperforming Loans (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	$ 146	$ 152
Recorded Investment With an ALLL	1,025	1,178
Commercial: | Commercial and industrial
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	104	82
Recorded Investment With an ALLL	347	450
Commercial: | CRE
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	36	63
Recorded Investment With an ALLL	22	12
Commercial: | Commercial construction
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	0	0
Recorded Investment With an ALLL	13	14
Commercial: | Lease financing
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	0	0
Recorded Investment With an ALLL	23	28
Consumer: | Residential mortgage
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	3	4
Recorded Investment With an ALLL	287	312
Consumer: | Residential home equity and direct
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	2	2
Recorded Investment With an ALLL	170	203
Consumer: | Indirect auto
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	1	1
Recorded Investment With an ALLL	157	154
Consumer: | Indirect other
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	0	0
Recorded Investment With an ALLL	$ 6	$ 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, 2021	Dec. 31, 2020
Financing Receivable
Nonperforming	$ 1,171	$ 1,330
Foreclosed real estate	18	20
Other foreclosed property	38	32
Total nonperforming assets	1,299	1,387
Residential mortgage loans in the process of foreclosure	128	140
LHFS
Financing Receivable
Nonperforming	$ 72	$ 5

Loans and ACL - Summary of TDRs

Loans and ACL - Summary of TDRs (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	$ 1,746	$ 1,525
ALLL attributable to TDRs	278	260
Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	1,539	1,361
Nonperforming TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	207	164
Commercial: | Commercial and industrial | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	142	78
Commercial: | CRE | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	47	47
Commercial: | Lease financing | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	59	60
Consumer: | Residential mortgage | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	733	648
Consumer: | Residential home equity and direct | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	109	88
Consumer: | Indirect auto | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	399	392
Consumer: | Indirect other | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	7	6
Consumer: | Student | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	8	5
Credit card | Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	$ 35	$ 37

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, 2021	Mar. 31, 2020
Newly Designated TDRs | Commercial: | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	$ 12	$ 2
Financing Receivable, Troubled Debt Restructuring, Premodification	135	36
Newly Designated TDRs | Commercial: | CRE
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	1	0
Financing Receivable, Troubled Debt Restructuring, Premodification	12	1
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	4	5
Financing Receivable, Troubled Debt Restructuring, Premodification	145	94
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	28	23
Newly Designated TDRs | Consumer: | Indirect auto
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	8	5
Financing Receivable, Troubled Debt Restructuring, Premodification	56	73
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	0
Financing Receivable, Troubled Debt Restructuring, Premodification	3	1
Newly Designated TDRs | Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
ALLL at Period End	2	3
Financing Receivable, Troubled Debt Restructuring, Premodification	4	10
Newly Designated TDRs | Rate | Commercial: | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	27	28
Newly Designated TDRs | Rate | Commercial: | CRE
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	0	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	53	77
Newly Designated TDRs | Rate | Consumer: | Residential home equity and direct
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	2	17
Newly Designated TDRs | Rate | Consumer: | Indirect auto
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	19	56
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	0
Newly Designated TDRs | Rate | Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	4	10
Newly Designated TDRs | Structure | Commercial: | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	93	3
Newly Designated TDRs | Structure | Commercial: | CRE
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	10	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	93	15
Newly Designated TDRs | Structure | Consumer: | Residential home equity and direct
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	25	5
Newly Designated TDRs | Structure | Consumer: | Indirect auto
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	33	14
Newly Designated TDRs | Structure | Consumer: | Indirect other
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	1	0
Newly Designated TDRs | Structure | Consumer: | Student
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	3	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	14	18
Re-Modification of Previously Designated TDRs | Structure
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	$ 14	$ 1

Loans and ACL - Selected Inform

Loans and ACL - Selected Information About Loans and Leases (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable [Line Items]
Unearned income, discounts and net deferred loan fees and costs	$ 1,926	$ 2,219

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Rollforward of Goodwill by Operating Segment (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 24,447	$ 24,154
Goodwill, Acquired During Period	13	450
Adjustments and other	(104)	(157)
Goodwill, Ending Balance	24,356	24,447
CB&W
Goodwill [Line Items]
Goodwill, Beginning Balance	15,841	14,040
Goodwill, Acquired During Period	0	0
Adjustments and other	(124)	1,801
Goodwill, Ending Balance	15,717	15,841
C&CB
Goodwill [Line Items]
Goodwill, Beginning Balance	6,167	8,125
Goodwill, Acquired During Period	0	0
Adjustments and other	8	(1,958)
Goodwill, Ending Balance	6,175	6,167
IH
Goodwill [Line Items]
Goodwill, Beginning Balance	2,439	1,989
Goodwill, Acquired During Period	13	450
Adjustments and other	12	0
Goodwill, Ending Balance	$ 2,464	$ 2,439

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Identifiable Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,755	$ 4,817
Accumulated Amortization	(1,930)	(1,833)
Net Carrying Amount	2,825	2,984
CDI
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,600	2,600
Accumulated Amortization	(947)	(852)
Net Carrying Amount	1,653	1,748
Other, primarily client relationship intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,155	2,217
Accumulated Amortization	(983)	(981)
Net Carrying Amount	$ 1,172	$ 1,236

Loan Servicing - Residential Mo

Loan Servicing - Residential Mortgage Banking Activities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Servicing fees recognized from mortgage loans serviced for others	$ 2,197	$ 1,961
Residential mortgage
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
UPB of residential mortgage loan servicing portfolio	228,636		$ 239,034
UPB of residential mortgage loans serviced for others, primarily agency conforming fixed rate	179,836		188,341
Mortgage loans sold with recourse	304		328
Maximum recourse exposure from mortgage loans sold with recourse liability	188		201
Indemnification, recourse and repurchase reserves	90		$ 93
UPB of residential mortgage loans sold from LHFS	9,489	12,669
Pre-tax gains recognized on mortgage loans sold and held for sale	$ 119	$ 188
Approximate weighted average servicing fee on the outstanding balance of residential mortgage loans serviced for others	0.31%	0.31%
Weighted average interest rate on mortgage loans serviced for others	3.76%	4.02%
Bank Servicing | Residential mortgage
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Servicing fees recognized from mortgage loans serviced for others	$ 141	$ 169

Loan Servicing - Analysis of Ac

Loan Servicing - Analysis of Activity in Residential MSRs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Servicing Asset at Fair Value, Amount [Roll Forward]
MSRs, carrying value, beginning balance	$ 2,023
MSRs, carrying value, ending balance	2,365
Residential MSRs
Servicing Asset at Fair Value, Amount [Roll Forward]
MSRs, carrying value, beginning balance	1,778	$ 2,371
Additions	174	178
Realization of expected net servicing cash flows, passage of time and other	(209)	(148)
MSRs, carrying value, ending balance	2,103	1,924
Change in fair value due to changes in valuation inputs or assumptions:
Prepayment speeds	219	(522)
OAS	141	45
Servicing costs	$ 0	$ 0

Loan Servicing - Residential MS

Loan Servicing - Residential MSR Sensitivity (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
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	8.80%	12.80%
OAS	2.70%	3.50%
Residential MSRs | Max
Servicing Assets at Fair Value [Line Items]
Prepayment speed	28.60%	30.80%
OAS	15.00%	13.70%
Residential MSRs | Weighted Average
Servicing Assets at Fair Value [Line Items]
Prepayment speed	13.00%	15.40%
Effect on fair value of a 10% increase	$ (100)	$ (89)
Effect on fair value of a 20% increase	$ (191)	$ (171)
OAS	5.30%	7.30%
Effect on fair value of a 10% increase	$ (45)	$ (45)
Effect on fair value of a 20% increase	$ (87)	$ (88)
Weighted average life	5 years 4 months 24 days	4 years 9 months 18 days
Fixed-rate residential mortgage loans
Servicing Assets at Fair Value [Line Items]
Composition of loans serviced for others	98.90%	98.80%
Adjustable-rate residential mortgage loans
Servicing Assets at Fair Value [Line Items]
Composition of loans serviced for others	1.10%	1.20%

Loan Servicing - Commercial Mor

Loan Servicing - Commercial Mortgage Banking Activities (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Servicing Assets at Fair Value [Line Items]
MSRs at fair value	$ 2,365	$ 2,023
CRE
Servicing Assets at Fair Value [Line Items]
UPB of CRE mortgages serviced for others	37,089	36,670
Mortgage loans sold with recourse	9,604	9,019
Maximum recourse exposure from CRE mortgages sold with recourse liability	2,754	2,624
Recorded reserves related to recourse exposure	18	18
CRE mortgages originated during the year-to-date period	1,305	6,739
MSRs at fair value	$ 262	$ 245

Other Assets and Liabilites - N

Other Assets and Liabilites - Narrative (Details) $ in Millions	Mar. 31, 2021USD ($)
Narrative [Abstract]
Bank-Owned Life Insurance	$ 6,500

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, 2021	Mar. 31, 2020	Dec. 31, 2020
Right of Use Assets
Right-of-Use Asset, Operating Leases	$ 1,277		$ 1,333
Right-of-Use Asset, Finance Leases	31		36
Operating Lease Liabilities, Payments Due
Total lease liabilities, Operating Leases	$ 1,812		$ 1,896
Weighted Average Remaining Lease Term, Operating Leases	6 years 9 months 18 days		6 years 10 months 24 days
Weighted Average Discount Rate, Percent, Operating Leases	2.40%		2.40%
Operating Lease, Cost	$ 85	$ 96
Finance Lease Liabilities, Payments, Due
Total lease liabilities, Finance Leases	$ 38		$ 42
Weighted Average Remaining Lease Term, Finance Leases	6 years 2 months 12 days		6 years 3 months 18 days
Weighted Average Discount Rate, Percent, Finance Leases	4.20%		4.80%

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, 2021	Dec. 31, 2020
Other Assets and Liabilities
Assets held under operating leases (1)	[1]	$ 1,976	$ 2,144
Accumulated depreciation		(458)	(517)
Net		$ 1,518	$ 1,627
[1]	(1) Includes certain land parcels subject to operating leases that have indefinite lives.

Borrowings - Short-term Borrowi

Borrowings - Short-term Borrowings (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Short-term Debt	$ 5,889	$ 6,092
Federal Funds Purchased
Short-term Debt [Line Items]
Short-term Debt	130	79
Securities Sold under Agreements to Repurchase
Short-term Debt [Line Items]
Short-term Debt	1,493	1,221
FHLB Advances
Short-term Debt [Line Items]
Short-term Debt	2,000	2,649
Dealer Collateral
Short-term Debt [Line Items]
Short-term Debt	367	385
Master Notes
Short-term Debt [Line Items]
Short-term Debt	578	621
Other Short-term Borrowings
Short-term Debt [Line Items]
Short-term Debt	$ 1,321	$ 1,137

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long Term Debt, Interest Rates and Maturity Dates (Details) - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount		$ 37,753	$ 39,597
Truist Financial Corporation | Senior notes | Fixed rate
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount		15,191	15,984
Truist Financial Corporation | Senior notes | Floating rate
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount		600	900
Truist Financial Corporation | Subordinated notes | Fixed rate
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount		1,277	1,283
Truist Financial Corporation | Capital Notes
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount		617	615
Truist Financial Corporation | Structured Notes
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount	[1]	109	108
Truist Bank | Senior notes | Fixed rate
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount		11,170	11,907
Truist Bank | Senior notes | Floating rate
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount		1,451	1,567
Truist Bank | Subordinated notes | Fixed rate
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount		5,128	5,142
Truist Bank | FHLB advances
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount		874	878
Truist Bank | Other long-term debt
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount	[2]	1,139	1,014
Nonbank | Other long-term debt
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount	[3]	$ 197	$ 199
[1]	Consist of notes with various terms that include fixed or floating rate interest or returns that are linked to an equity index.
[2]	Includes debt associated with finance leases, tax credit investments, and other.
[3]	Includes debt associated with structured real estate leases.

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Class of Stock [Line Items]
Repurchase of common stock		$ 506
Redemption of preferred stock		(950)	$ (500)
Common Stock
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount				$ 2,000
Repurchase of common stock		$ 506
Number of shares repurchased		9,500,000
Common stock, remaining dollar amount authorized for repurchase		$ 1,500
Series F
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares		18,000
Redemption of preferred stock		$ 450
Series G
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares		20,000
Redemption of preferred stock		$ 500
Series H | Subsequent Event
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares	18,600
Redemption of preferred stock	$ 465

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Cash Dividends Declared per Share (Details) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Equity [Abstract]
Cash dividends declared per share	$ 0.45	$ 0.45

AOCI (Details)

AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Amounts reclassified from AOCI:
OCI	$ (2,232)	$ 1,742
Pension and OPEB Costs
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	(875)	(1,122)
OCI before reclassifications, net of tax	28	0
Amounts reclassified from AOCI:
OCI	35	15
AOCI, ending balance	(840)	(1,107)
Pension and OPEB Costs | Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	9	20
Tax effect	2	5
Amounts reclassified, net of tax	7	15
Cash Flow Hedges
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	(64)	(101)
OCI before reclassifications, net of tax	0	0
Amounts reclassified from AOCI:
OCI	36	11
AOCI, ending balance	(28)	(90)
Cash Flow Hedges | Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	47	15
Tax effect	11	4
Amounts reclassified, net of tax	36	11
AFS Securities
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	1,654	380
OCI before reclassifications, net of tax	(2,408)	1,690
Amounts reclassified from AOCI:
OCI	(2,304)	1,721
AOCI, ending balance	(650)	2,101
AFS Securities | Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	136	41
Tax effect	32	10
Amounts reclassified, net of tax	104	31
Other, net
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	1	(1)
OCI before reclassifications, net of tax	1	(5)
Amounts reclassified from AOCI:
OCI	1	(5)
AOCI, ending balance	2	(6)
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	716	(844)
OCI before reclassifications, net of tax	(2,379)	1,685
Amounts reclassified from AOCI:
OCI	(2,232)	1,742
AOCI, ending balance	(1,516)	898
Total | Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	192	76
Tax effect	45	19
Amounts reclassified, net of tax	$ 147	$ 57

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Contingency [Line Items]
Provision for income taxes	$ 351	$ 224
Effective Income Tax Rate, Percent	19.20%	17.40%

Benefit Plans - Narrative (Deta

Benefit Plans - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discretionary contributions	$ 387

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, 2021	Mar. 31, 2020
Net periodic pension cost:
Service cost	$ 158	$ 118
Interest cost	79	78
Estimated return on plan assets	(249)	(216)
Net amortization and other	8	19
Net periodic (benefit) cost	$ (4)	$ (1)

Commitments and Contingencies -

Commitments and Contingencies - Narrative - (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Other Commitments [Line Items]
Other Liabilities	$ 10,457	$ 11,550
Trading assets at fair value	5,094	3,872
Variable Interest Entity & TRS Contracts
Other Commitments [Line Items]
VIE Assets	1,500	1,300
Other Liabilities	66	$ 41
Trading assets at fair value	1,300
Max
Loss Contingency [Abstract]
Loss Contingency, Range of Possible Loss, Portion Not Accrued	$ 200

Commitments and Contingencies_2

Commitments and Contingencies - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Investments in affordable housing projects
Tax Credit and Certain Equity Investments
Carrying amount	$ 3,753	$ 3,823
Amount of future funding commitments included in carrying amount	983	1,057
Lending exposure	544	546
Renewable Energy Investments
Tax Credit and Certain Equity Investments
Carrying amount	160	167
Amount of future funding commitments not included in carrying amount	72	76
Private equity and certain other equity method investments:
Tax Credit and Certain Equity Investments
Carrying amount	1,569	1,574
Amount of future funding commitments not included in carrying amount	$ 438	$ 471

Commitments and Contingencies_3

Commitments and Contingencies - Tax Credits and Amortization (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Investments in affordable housing projects
Income Tax Contingency [Line Items]
Investment tax credit		$ 120	$ 117
Amortization and other changes in carrying amount		119	114
Other Community Development Investment
Income Tax Contingency [Line Items]
Investment tax credit		23	22
Amortization and other changes in carrying amount		19	20
Renewable energy investments
Income Tax Contingency [Line Items]
Investment tax credit	[1]	39	0
Amortization and other changes in carrying amount		$ 0	$ 0
[1]	Tax credits received for these investments are recorded as a reduction to the carrying value of these investments

Commitments and Contingencies_4

Commitments and Contingencies - Off-Balance Sheet Financial Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Residential mortgage
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional amount	$ 304	$ 328
CRE
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional amount	9,604	9,019
Commitments to extend, originate, or purchase credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional amount	195,882	186,731
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional amount	$ 5,077	$ 5,066

Commitments and Contingencies_5

Commitments and Contingencies - Pledged Assets (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Pledged securities	$ 24,174	$ 24,974
Federal Reserve Bank Advances [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Pledged loans	76,006	75,615
Line of Credit Facility, Remaining Borrowing Capacity	53,844	52,831
FHLB Advances
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Pledged loans	68,551	69,994
Line of Credit Facility, Remaining Borrowing Capacity	$ 51,921	$ 52,274

Fair Value Disclosures - Narrat

Fair Value Disclosures - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Investments excluded from Fair Value Hierarchy, net asset value practical expedient	$ 371	$ 387
Loans Held-for-sale	5,465	4,955
Carrying value of unfunded commitments	349	364
Nonperforming
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Loans Held-for-sale	72	5
Carrying Amount
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Loans Held-for-sale	43	125
Level 3
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Loans Held-for-sale	$ 0	$ 0

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Assets
Trading assets		$ 5,094	$ 3,872
AFS securities		123,807	120,788
Loans Held for Sale, Fair Value		5,465	4,955
MSRs at fair value		2,365	2,023
Derivative Asset, Net		2,926	3,837
Derivative Asset, Gross		4,781	5,841
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		(1,855)	(2,004)
Equity securities		875	1,054
Total assets		140,532	136,529
Liabilities
Derivative liabilities		704	555
Derivative Liability, Gross		3,524	3,663
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset		(2,820)	(3,108)
Financial Instruments Sold, Not yet Purchased, at Fair Value		1,313	1,115
Total liabilities		2,017	1,670
Level 1
Assets
Trading assets		226	123
AFS securities		0	0
Loans Held for Sale, Fair Value		0	0
MSRs at fair value		0	0
Derivative Asset, Gross		666	752
Equity securities		807	996
Total assets		1,699	1,871
Liabilities
Derivative Liability, Gross		283	386
Financial Instruments Sold, Not yet Purchased, at Fair Value		12	3
Total liabilities		295	389
Level 2
Assets
Trading assets		4,868	3,749
AFS securities		123,807	120,788
Loans Held for Sale, Fair Value		5,465	4,955
MSRs at fair value		0	0
Derivative Asset, Gross		4,068	4,903
Equity securities		68	58
Total assets		138,276	134,453
Liabilities
Derivative Liability, Gross		3,184	3,263
Financial Instruments Sold, Not yet Purchased, at Fair Value		1,301	1,112
Total liabilities		4,485	4,375
Level 3
Assets
Trading assets		0	0
AFS securities		0	0
Loans Held for Sale, Fair Value		0	0
MSRs at fair value		2,365	2,023
Derivative Asset, Gross		47	186
Equity securities		0	0
Total assets		2,412	2,209
Liabilities
Derivative Liability, Gross		57	14
Financial Instruments Sold, Not yet Purchased, at Fair Value		0	0
Total liabilities		57	14
U.S. Treasury
Assets
Trading assets		767	793
AFS securities		1,768	1,746
U.S. Treasury | Level 1
Assets
Trading assets		0	0
AFS securities		0	0
U.S. Treasury | Level 2
Assets
Trading assets		767	793
AFS securities		1,768	1,746
U.S. Treasury | Level 3
Assets
Trading assets		0	0
AFS securities		0	0
GSE
Assets
Trading assets		191	164
AFS securities		1,903	1,917
GSE | Level 1
Assets
Trading assets		0	0
AFS securities		0	0
GSE | Level 2
Assets
Trading assets		191	164
AFS securities		1,903	1,917
GSE | Level 3
Assets
Trading assets		0	0
AFS securities		0	0
Agency MBS | Agency MBS - residential
Assets
Trading assets		1,220	599
AFS securities		116,451	113,541
Agency MBS | Commercial Mortgage Backed Securities
Assets
Trading assets		31	21
AFS securities		3,177	3,057
Agency MBS | Level 1 | Agency MBS - residential
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 | Agency MBS - residential
Assets
Trading assets		1,220	599
AFS securities		116,451	113,541
Agency MBS | Level 2 | Commercial Mortgage Backed Securities
Assets
Trading assets		31	21
AFS securities		3,177	3,057
Agency MBS | Level 3 | Agency MBS - residential
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		77	34
AFS securities		476	493
States and political subdivisions | Level 1
Assets
Trading assets		0	0
AFS securities		0	0
States and political subdivisions | Level 2
Assets
Trading assets		77	34
AFS securities		476	493
States and political subdivisions | Level 3
Assets
Trading assets		0	0
AFS securities		0	0
Corporate and other debt securities
Assets
Trading assets		1,008	545
Corporate and other debt securities | Level 1
Assets
Trading assets		0	0
Corporate and other debt securities | Level 2
Assets
Trading assets		1,008	545
Corporate and other debt securities | Level 3
Assets
Trading assets		0	0
Loans
Assets
Trading assets		1,543	1,586
Loans | Level 1
Assets
Trading assets		0	0
Loans | Level 2
Assets
Trading assets		1,543	1,586
Loans | Level 3
Assets
Trading assets		0	0
Other
Assets
Trading assets		257	130
AFS securities		32	34
Other | Level 1
Assets
Trading assets		226	123
AFS securities		0	0
Other | Level 2
Assets
Trading assets		31	7
AFS securities		32	34
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]	(1,855)	(2,004)
Liabilities
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	[1]	$ 2,820	$ 3,108
[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, 2021	Mar. 31, 2020
Non-agency MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 0	$ 368
Included in earnings	0	3
Included in unrealized net holding gains (losses) in OCI		(64)
Issuances	0	0
Settlements	0	(9)
Ending balance	0	298
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	0
MSRs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	2,023	2,618
Included in earnings	374	(526)
Included in unrealized net holding gains (losses) in OCI		0
Issuances	192	187
Settlements	(224)	(129)
Ending balance	2,365	2,150
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	374
Net Derivatives
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	172	19
Included in earnings	(164)	111
Included in unrealized net holding gains (losses) in OCI		0
Issuances	96	155
Settlements	(114)	(142)
Ending balance	(10)	143
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	(45)
Private Equity Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0	440
Included in earnings	0	2
Included in unrealized net holding gains (losses) in OCI		0
Issuances	0	0
Settlements	0	(21)
Ending balance	0	$ 448
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, 2021	Dec. 31, 2020
Fair Value Disclosures
Loans Held for Sale, Fair Value	$ 5,465	$ 4,955
UPB	5,407	4,736
Difference	58	219
Trading loans
Fair Value Disclosures
Fair Value	1,543	1,586
UPB	1,532	1,619
Difference	$ 11	$ (33)

Fair Value Disclosures - Measur

Fair Value Disclosures - Measured on a Nonrecurring Basis (Details) - Nonrecurring - Level 3 - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
LHFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value:	$ 160		$ 979
Valuation adjustments:	(16)	$ (25)
Loans and leases
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value:	181		142
Valuation adjustments:	(30)	(7)
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value:	129		$ 92
Valuation adjustments:	$ (95)	$ (88)

Fair Value Disclosures - Financ

Fair Value Disclosures - Financial Assets and Liabilities Not Recorded at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Financial assets:
Loans and leases HFI, net of ALLL	$ 285,849	$ 293,899
Financial liabilities:
Long-term debt	37,753	39,597
Carrying Amount
Financial assets:
Loans and leases HFI, net of ALLL	285,849	293,899
Financial liabilities:
Time deposits	19,192	21,941
Long-term debt	37,753	39,597
Fair Value | Level 2
Financial liabilities:
Time deposits	19,314	22,095
Long-term debt	38,060	40,864
Fair Value | Level 3
Financial assets:
Loans and leases HFI, net of ALLL	$ 288,956	$ 295,461

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Notional Amount		$ 311,611	$ 322,942
Amortized Cost		124,648	118,618
Cash flow hedges
Derivative [Line Items]
Notional Amount		0	0
Fair value hedges | AFS securities (1)
Derivative [Line Items]
Hedged Asset / Liability Basis	[1]	101,804	100,988
Amortized Cost		$ 103,200	$ 99,400
[1]	The amortized cost of AFS securities was $103.2 billion at March 31, 2021 and $99.4 billion at December 31, 2020.

Derivative Financial Instrume_4

Derivative Financial Instruments - Classifications and Hedging Relationships (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	$ 311,611	$ 322,942
Derivative Asset, Fair Value, Gross	4,781	5,841
Derivative Liability, Fair Value, Gross	(3,524)	(3,663)
Derivative Asset [Abstract]
Amounts subject to master netting arrangements	(1,471)	(1,561)
Cash collateral (received) posted for amounts subject to master netting arrangements	(384)	(443)
Net Amount in Consolidated Balance Sheets	2,926	3,837
Derivative Liability [Abstract]
Amounts subject to master netting arrangements	1,471	1,561
Cash collateral (received) posted for amounts subject to master netting arrangements	1,349	1,547
Net amount	(704)	(555)
Fair value hedges | Interest rate contracts | Swap | Municipal Bonds [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	19,809	17,765
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	0	0
Not designated as hedges
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	291,802	305,177
Derivative Asset, Fair Value, Gross	4,781	5,841
Derivative Liability, Fair Value, Gross	(3,524)	(3,663)
Not designated as hedges | Client-related and other risk management
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	240,728	245,388
Derivative Asset, Fair Value, Gross	4,526	5,642
Derivative Liability, Fair Value, Gross	(3,436)	(3,582)
Not designated as hedges | Client-related and other risk management | Interest rate contracts | Swap
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	154,617	156,338
Derivative Asset, Fair Value, Gross	2,394	3,399
Derivative Liability, Fair Value, Gross	(843)	(862)
Not designated as hedges | Client-related and other risk management | Interest rate contracts | Options
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	25,598	25,386
Derivative Asset, Fair Value, Gross	39	45
Derivative Liability, Fair Value, Gross	(15)	(18)
Not designated as hedges | Client-related and other risk management | Interest rate contracts | Forward commitments
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	4,033	4,847
Derivative Asset, Fair Value, Gross	17	9
Derivative Liability, Fair Value, Gross	(8)	(11)
Not designated as hedges | Client-related and other risk management | Interest rate contracts | Other
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	2,091	2,573
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	0	0
Not designated as hedges | Client-related and other risk management | Equity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	28,298	31,152
Derivative Asset, Fair Value, Gross	1,702	1,856
Derivative Liability, Fair Value, Gross	(2,189)	(2,297)
Not designated as hedges | Client-related and other risk management | Credit Contract | Loans and leases
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	1,120	1,056
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	(4)	(5)
Not designated as hedges | Client-related and other risk management | Credit Contract | Risk participation agreements
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	7,743	7,802
Derivative Asset, Fair Value, Gross	1	1
Derivative Liability, Fair Value, Gross	(10)	(13)
Not designated as hedges | Client-related and other risk management | Credit Contract | Total Return Swap
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	1,355	1,296
Derivative Asset, Fair Value, Gross	3	13
Derivative Liability, Fair Value, Gross	(30)	(33)
Not designated as hedges | Client-related and other risk management | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	12,185	12,066
Derivative Asset, Fair Value, Gross	131	189
Derivative Liability, Fair Value, Gross	(105)	(219)
Not designated as hedges | Client-related and other risk management | Commodity Contract
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	3,688	2,872
Derivative Asset, Fair Value, Gross	239	130
Derivative Liability, Fair Value, Gross	(232)	(124)
Not designated as hedges | Mortgage banking | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	18,772	21,453
Derivative Asset, Fair Value, Gross	253	192
Derivative Liability, Fair Value, Gross	(64)	(76)
Not designated as hedges | Mortgage banking | Interest rate contracts | Swap
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	686	687
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	0	0
Not designated as hedges | Mortgage banking | Interest rate contracts | Other
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	530	466
Derivative Asset, Fair Value, Gross	2	0
Derivative Liability, Fair Value, Gross	0	0
Not designated as hedges | Mortgage banking | Interest rate contracts | Interest rate lock commitments
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	6,371	8,609
Derivative Asset, Fair Value, Gross	47	186
Derivative Liability, Fair Value, Gross	(47)	(3)
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	11,185	11,691
Derivative Asset, Fair Value, Gross	204	6
Derivative Liability, Fair Value, Gross	(17)	(73)
Not designated as hedges | MSRs | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	32,302	38,336
Derivative Asset, Fair Value, Gross	2	7
Derivative Liability, Fair Value, Gross	(24)	(5)
Not designated as hedges | MSRs | Interest rate contracts | Swap
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	26,510	36,161
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	0	(5)
Not designated as hedges | MSRs | Interest rate contracts | Options
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	101	101
Derivative Asset, Fair Value, Gross	2	0
Derivative Liability, Fair Value, Gross	0	0
Not designated as hedges | MSRs | Interest rate contracts | Other
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	3,683	760
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	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	2,008	1,314
Derivative Asset, Fair Value, Gross	0	7
Derivative Liability, Fair Value, Gross	$ (24)	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Master Netting (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Derivative Asset [Abstract]
Derivative Asset, Fair Value, Gross	$ 4,781	$ 5,841
Amount Offset	(1,855)	(2,004)
Net Amount in Consolidated Balance Sheets	2,926	3,837
Derivative, Collateral, Obligation to Return Securities	(2)	(3)
Net Amount	2,924	3,834
Derivative Liability [Abstract]
Derivative Liability, Fair Value, Gross	(3,524)	(3,663)
Amount Offset	2,820	3,108
Net amount	(704)	(555)
Held/Pledged Financial Instruments	43	35
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(661)	(520)
Derivatives Subject to Master Netting Arrangements
Derivative Asset [Abstract]
Derivative Asset, Fair Value, Gross	3,931	4,383
Amount Offset	(1,855)	(1,618)
Net Amount in Consolidated Balance Sheets	2,076	2,765
Derivative, Collateral, Obligation to Return Securities	(2)	(2)
Net Amount	2,074	2,763
Derivative Liability [Abstract]
Derivative Liability, Fair Value, Gross	(3,236)	(3,103)
Amount Offset	2,815	2,722
Net amount	(421)	(381)
Held/Pledged Financial Instruments	43	35
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(378)	(346)
Derivatives Not Subject to Master Netting Arrangement
Derivative Asset [Abstract]
Derivative Asset, Fair Value, Gross	467	705
Amount Offset	0	0
Net Amount in Consolidated Balance Sheets	467	705
Derivative, Collateral, Obligation to Return Securities	0	(1)
Net Amount	467	704
Derivative Liability [Abstract]
Derivative Liability, Fair Value, Gross	(288)	(174)
Amount Offset	5	0
Net amount	(283)	(174)
Held/Pledged Financial Instruments	0	0
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(283)	(174)
Exchange Traded
Derivative Asset [Abstract]
Derivative Asset, Fair Value, Gross	383	753
Amount Offset	0	(386)
Net Amount in Consolidated Balance Sheets	383	367
Derivative, Collateral, Obligation to Return Securities	0	0
Net Amount	$ 383	367
Derivative Liability [Abstract]
Derivative Liability, Fair Value, Gross		(386)
Amount Offset		386
Net amount		0
Held/Pledged Financial Instruments		0
Derivative Liability, Fair Value, Amount Not Offset Against Collateral		$ 0

Derivative Financial Instrume_6

Derivative Financial Instruments - Fair Value Hedges Basis Adjusments (Details) - Fair Value Hedges - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
AFS securities (1)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Asset / Liability Basis	[1]	$ 101,804	$ 100,988
AFS securities (1) | Items Currently Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		(557)	(33)
AFS securities (1) | Discontinued Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		48	50
Loans and leases
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Asset / Liability Basis		463	470
Loans and leases | Items Currently Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		0	0
Loans and leases | Discontinued Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		17	18
Long-term debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Asset / Liability Basis		24,924	27,725
Long-term debt | Items Currently Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		0	0
Long-term debt | Discontinued Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		$ 848	$ 930
[1]	The amortized cost of AFS securities was $103.2 billion at March 31, 2021 and $99.4 billion at December 31, 2020.

Derivative Financial Instrume_7

Derivative Financial Instruments - Amounts Related to Cash Flow Hedges (Details) - Cash Flow Hedges - Interest Rate Contracts - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) recognized in OCI		$ 0	$ 0
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense		(11)	(14)
Other Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense		(36)	0
Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) recognized in OCI		0	0
Deposits | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense		(1)	(2)
Deposits | Other Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense	[1]	(12)	0
Short-term Debt
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) recognized in OCI		0	0
Short-term Debt | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense		(5)	(4)
Short-term Debt | Other Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense	[1]	(20)	0
Long-term debt
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) recognized in OCI		0	0
Long-term debt | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense		(5)	(8)
Long-term debt | Other Expense
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense		$ (4)
[1]	Represents the accelerated amortization of amounts reclassified from AOCI, where management determined that the forecasted transaction is probable of not occurring.

Derivative Financial Instrume_8

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, 2021	Mar. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized	$ 65	$ 13
AFS securities (1)
Derivative Instruments, Gain (Loss) [Line Items]
Amounts related to interest settlements	(11)	0
Recognized on derivatives	524	0
Recognized on hedged items	(526)	(2)
Net income (expense) recognized	(13)	(2)
Loans and leases
Derivative Instruments, Gain (Loss) [Line Items]
Recognized on derivatives	0	(3)
Recognized on hedged items	(1)	2
Net income (expense) recognized	(1)	(1)
Long-term debt
Derivative Instruments, Gain (Loss) [Line Items]
Amounts related to interest settlements	0	16
Recognized on derivatives	0	922
Recognized on hedged items	79	(922)
Net income (expense) recognized	$ 79	$ 16

Derivative Financial Instrume_9

Derivative Financial Instruments - Cash Flow and Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Cash flow hedges
Derivative [Line Items]
Net unrecognized after-tax gain (loss) on terminated hedges recorded in AOCI (to be recognized in earnings through 2022)	$ (28)	$ (64)
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	(24)	(42)
Fair Value Hedges
Derivative [Line Items]
Unrecognized pre-tax net gain (loss) on terminated hedges (to be recognized as interest primarily through 2029)	783	862
Portion of pre-tax net gain (loss) on terminated hedges to be recognized as a change in interest during the next 12 months	$ 271	$ 292

Derivative Financial Instrum_10

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, 2021	Mar. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	$ (167)	$ 890
Client-related and other risk management | Interest rate contracts | Investment banking and trading income and other income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	102	(64)
Client-related and other risk management | Foreign exchange contracts | Investment banking and trading income and other income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	26	107
Client-related and other risk management | Equity contracts | Investment banking and trading income and other income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	(8)	(10)
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	(34)	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	2	3
Mortgage banking | Interest rate contracts | Residential mortgage income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	91	(122)
Mortgage banking | Interest rate contracts | Commercial real estate related income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	(1)	2
MSRs | Interest rate contracts | Residential mortgage income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	(333)	495
MSRs | Interest rate contracts | Commercial real estate related income
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax Gain (Loss) Recognized in Income	$ (12)	$ 20

Derivative Financial Instrum_11

Derivative Financial Instruments - Risk Participation Agreements (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Risk Participation Agreements Sold
Credit Derivatives [Line Items]
Maximum potential amount of exposure	$ 503	$ 530
Total Return Swap
Credit Derivatives [Line Items]
Cash collateral held	$ 345	$ 374

Derivative Financial Instrum_12

Derivative Financial Instruments - Dealer Counterparties and Central Clearing Parties (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Credit Derivatives [Line Items]
Unsecured positions in a net gain with counterparties after collateral postings	$ 2,924	$ 3,834
Dealer Counterparties
Credit Derivatives [Line Items]
Cash and other collateral received from counterparties	387	446
Derivatives in a net gain position secured by collateral received	565	585
Unsecured positions in a net gain with counterparties after collateral postings	46	49
Cash collateral posted	1,392	1,524
Derivatives in a net loss position	1,484	1,604
Additional collateral that would have been posted had the Company’s credit ratings dropped below investment grade	3	3
Central Clearing Parties
Credit Derivatives [Line Items]
Derivatives in a net gain position secured by collateral received	2	5
Cash collateral posted	52	172
Derivatives in a net loss position	10	90
Securities pledged to central counterparties clearing	$ 1,223	$ 1,281

Computation of EPS (Details)

Computation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net income available to common shareholders	$ 1,334	$ 986
Weighted average number of common shares	1,345,666	1,344,372
Effect of dilutive outstanding equity-based awards	13,266	13,173
Weighted average number of diluted common shares	1,358,932	1,357,545
Basic EPS	$ 0.99	$ 0.73
Diluted EPS	$ 0.98	$ 0.73
Anti-dilutive awards	376	1,725

Operating Segments - Narrative

Operating Segments - Narrative (Details)	3 Months Ended
	Mar. 31, 2021numberOfSegments
Segment Reporting [Abstract]
Number of Major Reportable Business Segments	3

Operating Segments (Details)

Operating Segments (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		$ 3,285	$ 3,650
Allocated provision for credit losses		48	893
Segment net interest income after provision		3,237	2,757
Noninterest income		2,197	1,961
Amortization of intangibles		144	165
Other expense		109	147
Income before income taxes		1,824	1,287
Provision for income taxes		351	224
Net income		1,473	1,063
Identifiable assets (period end)		517,537		$ 509,228
CB&W
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		1,752	1,860
C&CB
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		1,208	1,534
IH
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		24	36
OT&C
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	[1]	301	220
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		3,285	3,650
Allocated provision for credit losses		48	893
Segment net interest income after provision		3,237	2,757
Noninterest income		2,197	1,961
Amortization of intangibles		144	165
Other expense		3,466	3,266
Income before income taxes		1,824	1,287
Provision for income taxes		351	224
Net income		1,473	1,063
Identifiable assets (period end)		517,537	506,229
Operating Segments | CB&W
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		2,138	2,257
Allocated provision for credit losses		100	437
Segment net interest income after provision		2,038	1,820
Noninterest income		921	1,066
Amortization of intangibles		79	100
Other expense		1,831	1,904
Income before income taxes		1,049	882
Provision for income taxes		246	207
Net income		803	675
Identifiable assets (period end)		159,352	169,896
Operating Segments | C&CB
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		1,209	1,323
Allocated provision for credit losses		(35)	399
Segment net interest income after provision		1,244	924
Noninterest income		694	457
Amortization of intangibles		38	42
Other expense		744	827
Income before income taxes		1,156	512
Provision for income taxes		248	91
Net income		908	421
Identifiable assets (period end)		182,459	202,214
Operating Segments | IH
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		20	25
Allocated provision for credit losses		1	1
Segment net interest income after provision		19	24
Noninterest income		633	557
Amortization of intangibles		26	18
Other expense		453	422
Income before income taxes		173	141
Provision for income taxes		42	36
Net income		131	105
Identifiable assets (period end)		8,062	7,009
Operating Segments | OT&C
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	[1]	(82)	45
Allocated provision for credit losses	[1]	(18)	56
Segment net interest income after provision	[1]	(64)	(11)
Noninterest income	[1]	(51)	(119)
Amortization of intangibles		1	5
Other expense	[1]	438	113
Income before income taxes	[1]	(554)	(248)
Provision for income taxes	[1]	(185)	(110)
Net income	[1]	(369)	(138)
Identifiable assets (period end)	[1]	167,664	127,110
Intersegment Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		0	0
Intersegment Eliminations | CB&W
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		386	397
Intersegment Eliminations | C&CB
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		1	(211)
Intersegment Eliminations | IH
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income		(4)	(11)
Intersegment Eliminations | OT&C
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	[1]	$ (383)	$ (175)
[1]	Includes financial data from business units below the quantitative and qualitative thresholds requiring disclosure.