Capital One Financial (COF) 10-Q 29 Jul 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2022 shares
Entity Information [Line Items]
Document Type	10-Q
Document Period End Date	Jun. 30, 2022
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-13300
Entity Registrant Name	CAPITAL ONE FINANCIAL CORP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	54-1719854
Entity Address, Address Line One	1680 Capital One Drive,
Entity Address, City or Town	McLean,
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22102
City Area Code	703
Local Phone Number	720-1000
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	383,817,721
Entity Central Index Key	0000927628
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Common Stock (par value $.01 per share)
Entity Information [Line Items]
Title of 12(b) Security	Common Stock (par value $.01 per share)
Trading Symbol	COF
Security Exchange Name	NYSE
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I
Trading Symbol	COF PRI
Security Exchange Name	NYSE
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series J
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series J
Trading Symbol	COF PRJ
Security Exchange Name	NYSE
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K
Trading Symbol	COF PRK
Security Exchange Name	NYSE
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series L
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series L
Trading Symbol	COF PRL
Security Exchange Name	NYSE
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N
Trading Symbol	COF PRN
Security Exchange Name	NYSE
0.800% Senior Notes Due 2024
Entity Information [Line Items]
Title of 12(b) Security	0.800% Senior Notes Due 2024
Trading Symbol	COF24
Security Exchange Name	NYSE
1.650% Senior Notes Due 2029
Entity Information [Line Items]
Title of 12(b) Security	1.650% Senior Notes Due 2029
Trading Symbol	COF29
Security Exchange Name	NYSE

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest income:
Loans, including loans held for sale	$ 6,605	$ 5,753	$ 12,972	$ 11,607
Investment securities	435	370	837	761
Other	55	16	70	32
Total interest income	7,095	6,139	13,879	12,400
Interest expense:
Deposits	293	237	511	506
Securitized debt obligations	65	28	94	60
Senior and subordinated notes	194	122	325	251
Other borrowings	26	9	35	18
Total interest expense	578	396	965	835
Net interest income	6,517	5,743	12,914	11,565
Provision (benefit) for credit losses	1,085	(1,160)	1,762	(1,983)
Net interest income after provision for credit losses	5,432	6,903	11,152	13,548
Non-interest income:
Interchange fees, net	1,201	1,016	2,234	1,833
Service charges and other customer-related fees	415	384	815	736
Other	99	231	442	353
Total non-interest income	1,715	1,631	3,491	2,922
Non-interest expense:
Salaries and associate benefits	1,946	1,781	3,972	3,628
Occupancy and equipment	481	523	994	995
Marketing	1,003	620	1,921	1,121
Professional services	458	341	855	633
Communications and data processing	339	315	678	617
Amortization of Intangible Assets	14	5	28	11
Other	342	381	686	701
Total non-interest expense	4,583	3,966	9,134	7,706
Income from continuing operations before income taxes	2,564	4,568	5,509	8,764
Income tax provision	533	1,031	1,075	1,900
Income from continuing operations, net of tax	2,031	3,537	4,434	6,864
Income (loss) from discontinued operations, net of tax	0	(1)	0	(3)
Net income	2,031	3,536	4,434	6,861
Dividends and undistributed earnings allocated to participating securities	(25)	(30)	(53)	(58)
Preferred stock dividends	(57)	(60)	(114)	(121)
Net income available to common stockholders	$ 1,949	$ 3,446	$ 4,267	$ 6,682
Basic earnings per common share:
Net income from continuing operations	$ 4.98	$ 7.65	$ 10.65	$ 14.70
Net income (loss) per basic common share	4.98	7.65	10.65	14.70
Diluted earnings per common share:
Net income from continuing operations	4.96	7.62	10.61	14.65
Net income (loss) per diluted common share	$ 4.96	$ 7.62	$ 10.61	$ 14.65

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net Income	$ 2,031		$ 3,536		$ 4,434	$ 6,861
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) on securities available for sale	(2,288)		51		(5,541)	(1,097)
Net unrealized losses on hedging relationships	(483)		(51)		(1,692)	(632)
Foreign currency translation adjustments	(52)		9		(57)	28
Other	0		0		0	(1)
Other comprehensive income (loss), net of tax	(2,823)		9		(7,290)	(1,702)
Comprehensive income (loss)	$ (792)	$ (2,064)	$ 3,545	$ 1,614	$ (2,856)	$ 5,159

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Cash and cash equivalents:
Cash and due from banks	$ 4,825	$ 4,164
Interest-bearing deposits and other short-term investments	16,728	17,582
Total cash and cash equivalents	21,553	21,746
Restricted cash for securitization investors	697	308
Securities available for sale (amortized cost of $0.0 billion and $94.9 billion and allowance for credit losses of $0 million and $1 million as of June 30, 2022 and December 31, 2021, respectively)	83,022	95,261
Loans held for investment:
Total loans held for investment	296,384	277,340
Allowance for credit losses	(11,491)	(11,430)
Net loans held for investment	284,893	265,910
Loans held for sale ($767 million and $1.0 billion carried at fair value as of June 30, 2022 and December 31, 2021, respectively)	875	5,888
Premises and equipment, net	4,238	4,210
Interest receivable	1,611	1,460
Goodwill	14,778	14,782
Other assets	28,621	22,816
Total assets	440,288	432,381
Liabilities:
Interest payable	333	281
Deposits [Abstract]
Non-interest-bearing deposits	37,004	38,043
Interest-bearing deposits	270,881	272,937
Total deposits	307,885	310,980
Securitized debt obligations	17,466	14,994
Other debt:
Federal funds purchased and securities loaned or sold under agreements to repurchase	440	820
Senior and subordinated notes	30,489	27,219
Other borrowings	10,543	53
Total other debt	41,472	28,092
Other liabilities	19,722	17,005
Total liabilities	386,878	371,352
Commitments, contingencies and guarantees (see Note 13)
Stockholders’ equity:
Preferred stock (par value $0.01 per share; 50,000,000 shares authorized; 4,975,000 shares issued and outstanding as of both June 30, 2022 and December 31, 2021)	0	0
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 688,277,408 and 685,057,944 shares issued as of June 30, 2022 and December 31, 2021, respectively; 383,817,721 and 413,858,537 shares outstanding as of June 30, 2022 and December 31, 2021, respectively)	7	7
Additional paid-in capital, net	34,425	34,112
Retained earnings	54,836	51,006
Accumulated other comprehensive income (loss)	(6,916)	374
Treasury stock, at cost (par value $0.01 per share; 304,459,687 and 271,199,407 shares as of June 30, 2022 and December 31, 2021, respectively)	(28,942)	(24,470)
Total stockholders’ equity	53,410	61,029
Total liabilities and stockholders’ equity	440,288	432,381
Unsecuritized loans held for investment
Loans held for investment:
Total loans held for investment	271,339	252,468
Loans held in consolidated trusts
Loans held for investment:
Total loans held for investment	25,045	24,872
Total assets	27,534	26,458
Other debt:
Total liabilities	$ 18,124	$ 15,256

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Securities available for sale, amortized cost	$ 89,933	$ 94,871
Securities available for sale, allowance for credit loss	(3)	(1)
Loans Held-for-sale, Fair Value Disclosure	$ 767	$ 1,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	4,975,000	4,975,000
Preferred stock, shares outstanding	4,975,000	4,975,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	688,277,408	685,057,944
Common stock, shares outstanding	383,817,721	413,858,537
Treasury stock, par value (in dollars per share)	$ 0.01	$ 0.01
Treasury stock, shares	304,459,687	271,199,407

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Millions		Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning balance (shares) at Dec. 31, 2020			4,975,000	679,932,837
Beginning balance at Dec. 31, 2020		$ 60,204	$ 0	$ 7	$ 33,480	$ 40,088	$ 3,494	$ (16,865)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		1,614				3,325	(1,711)
Dividends, common stock (shares)	[1]			13,356
Dividends, common stock	[1]	(184)		$ 0	1	(185)
Dividends, preferred stock		(61)				(61)
Purchases of treasury stock		(575)						(575)
Issuances of common stock and restricted stock, net of forfeitures (shares)				2,531,966
Issuances of common stock and restricted stock, net of forfeitures		60		$ 0	60
Exercises of stock options (shares)				283,398
Exercises of stock options		19		$ 0	19
Compensation expense for restricted stock units and stock options		111			111
Ending balance (shares) at Mar. 31, 2021			4,975,000	682,761,557
Ending balance at Mar. 31, 2021		61,188	$ 0	$ 7	33,671	43,167	1,783	(17,440)
Beginning balance (shares) at Dec. 31, 2020			4,975,000	679,932,837
Beginning balance at Dec. 31, 2020		60,204	$ 0	$ 7	33,480	40,088	3,494	(16,865)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		5,159
Ending balance (shares) at Jun. 30, 2021			6,650,000	683,559,818
Ending balance at Jun. 30, 2021		64,624	$ 0	$ 7	35,472	46,461	1,792	(19,108)
Beginning balance (shares) at Mar. 31, 2021			4,975,000	682,761,557
Beginning balance at Mar. 31, 2021		61,188	$ 0	$ 7	33,671	43,167	1,783	(17,440)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		3,545				3,536	9
Dividends, common stock (shares)				4,954
Dividends, common stock		(181)		$ 0	1	(182)
Dividends, preferred stock		(60)				(60)
Purchases of treasury stock		(1,668)						(1,668)
Issuances of common stock and restricted stock, net of forfeitures (shares)				583,779
Issuances of common stock and restricted stock, net of forfeitures		60		$ 0	60
Exercises of stock options (shares)				209,528
Exercises of stock options		15		$ 0	15
Issuances of preferred stock (shares)			1,675,000
Issuances of preferred stock		1,641	$ 0		1,641
Compensation expense for restricted stock units and stock options		84			84
Ending balance (shares) at Jun. 30, 2021			6,650,000	683,559,818
Ending balance at Jun. 30, 2021		64,624	$ 0	$ 7	35,472	46,461	1,792	(19,108)
Beginning balance (shares) at Dec. 31, 2021			4,975,000	685,057,944
Beginning balance at Dec. 31, 2021		61,029	$ 0	$ 7	34,112	51,006	374	(24,470)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		(2,064)				2,403	(4,467)
Dividends, common stock (shares)				18,408
Dividends, common stock		(251)		$ 0	2	(253)
Dividends, preferred stock		(57)				(57)
Purchases of treasury stock		(2,484)						(2,484)
Issuances of common stock and restricted stock, net of forfeitures (shares)				2,517,691
Issuances of common stock and restricted stock, net of forfeitures		68		$ 0	68
Exercises of stock options (shares)				7,809
Exercises of stock options		1		$ 0	1
Compensation expense for restricted stock units and stock options		103			103
Ending balance (shares) at Mar. 31, 2022			4,975,000	687,601,852
Ending balance at Mar. 31, 2022		56,345	$ 0	$ 7	34,286	53,099	(4,093)	(26,954)
Beginning balance (shares) at Dec. 31, 2021			4,975,000	685,057,944
Beginning balance at Dec. 31, 2021		61,029	$ 0	$ 7	34,112	51,006	374	(24,470)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		(2,856)
Ending balance (shares) at Jun. 30, 2022			4,975,000	688,277,408
Ending balance at Jun. 30, 2022		53,410	$ 0	$ 7	34,425	54,836	(6,916)	(28,942)
Beginning balance (shares) at Mar. 31, 2022			4,975,000	687,601,852
Beginning balance at Mar. 31, 2022		56,345	$ 0	$ 7	34,286	53,099	(4,093)	(26,954)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		(792)				2,031	(2,823)
Dividends, common stock (shares)	[1]			4,083
Dividends, common stock	[1]	(236)		$ 0	1	(237)
Dividends, preferred stock		(57)				(57)
Purchases of treasury stock		(1,988)						(1,988)
Issuances of common stock and restricted stock, net of forfeitures (shares)				671,473
Issuances of common stock and restricted stock, net of forfeitures		70		$ 0	70
Compensation expense for restricted stock units and stock options		68			68
Ending balance (shares) at Jun. 30, 2022			4,975,000	688,277,408
Ending balance at Jun. 30, 2022		$ 53,410	$ 0	$ 7	$ 34,425	$ 54,836	$ (6,916)	$ (28,942)
[1]We declared dividends per share on our common stock of $0.60 and $0.40 in the second quarter of 2022 and 2021,respectively, and $1.20 and $0.80 in the first six months of 2022 and

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Dividend per share on common stock declared (in dollars per share)	$ 0.60	$ 0.40	$ 1.20	$ 0.80

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities:
Income from continuing operations, net of tax	$ 4,434	$ 6,864
Income (loss) from discontinued operations, net of tax	0	(3)
Net income	4,434	6,861
Adjustments to reconcile net income (loss) to net cash from operating activities:
Provision (benefit) for credit losses	1,762	(1,983)
Depreciation and amortization, net	1,623	1,714
Deferred tax provision (benefit)	(11)	574
Net securities losses (gains)	6	(4)
Gain on sales of loans	(181)	(5)
Stock-based compensation expense	172	206
Other (including (gains) and losses from equity investments)	20	38
Loans held for sale:
Originations and purchases	(4,040)	(3,233)
Proceeds from sales and paydowns	4,354	3,707
Changes in operating assets and liabilities:
Changes in interest receivable	(151)	99
Changes in other assets	(5,578)	(3,183)
Changes in interest payable	52	(51)
Changes in other liabilities	414	957
Net change from discontinued operations	(1)	(3)
Net cash from operating activities	2,875	5,694
Securities available for sale:
Purchases	(7,698)	(18,185)
Proceeds from paydowns and maturities	10,129	14,142
Proceeds from sales	2,240	595
Loans:
Net changes in loans originated as held for investment	(17,352)	(5,160)
Principal recoveries of loans previously charged off	1,092	1,308
Net purchases of premises and equipment	(423)	(341)
Net cash from acquisition activities	0	(24)
Net cash used in other investing activities	(490)	(26)
Net cash used in investing activities	(12,502)	(7,691)
Financing activities:
Changes in deposits	(2,913)	945
Issuance of securitized debt obligations	6,483	0
Maturities and paydowns of securitized debt obligations	(3,593)	(1,773)
Issuance of senior and subordinated notes and long-term FHLB advances	17,528	0
Maturities and paydowns of senior and subordinated notes and long-term FHLB advances	(2,357)	(2,085)
Changes in other borrowings	(391)	161
Common stock:
Net proceeds from issuances	138	120
Dividends paid	(487)	(365)
Preferred stock:
Net proceeds from issuances	0	1,641
Dividends paid	(114)	(121)
Purchases of treasury stock	(4,472)	(2,243)
Proceeds from share-based payment activities	1	34
Net cash from (used in) financing activities	9,823	(3,686)
Changes in cash, cash equivalents and restricted cash for securitization investors	196	(5,683)
Cash, cash equivalents and restricted cash for securitization investors, beginning of the period	22,054	40,771
Cash, cash equivalents and restricted cash for securitization investors, end of the period	22,250	35,088
Non-cash items:
Net transfers from loans held for investment to loans held for sale	775	4,575
Interest paid	969	1,145
Income tax paid	$ 473	$ 1,013

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 1—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company Capital One Financial Corporation, a Delaware corporation established in 1994 and headquartered in McLean, Virginia, is a diversified financial services holding company with banking and non-banking subsidiaries. Capital One Financial Corporation and its subsidiaries (the “Company” or “Capital One”) offer a broad array of financial products and services to consumers, small businesses and commercial clients through digital channels, branch locations, Cafés and other distribution channels. As of June 30, 2022, our principal subsidiaries included: • Capital One Bank (USA), National Association (“COBNA”), which offers credit card products along with other lending products and consumer services; and • Capital One, National Association (“CONA”), which offers a broad spectrum of banking products and financial services to consumers, small businesses and commercial clients. The Company is hereafter collectively referred to as “we,” “us” or “our.” COBNA and CONA are collectively referred to as the “Banks.” We also offer products outside of the United States of America (“U.S.”) principally through Capital One (Europe) plc (“COEP”), an indirect subsidiary of COBNA organized and located in the United Kingdom (“U.K.”), and through a branch of COBNA in Canada. COEP has authority, among other things, to provide credit card loans. Our branch of COBNA in Canada also has the authority to provide credit card loans. Our principal operations are organized for management reporting purposes into three major business segments, which are defined primarily based on the products and services provided or the types of customer served: Credit Card, Consumer Banking and Commercial Banking. We provide details on our business segments, the integration of recent acquisitions, if any, into our business segments and the allocation methodologies and accounting policies used to derive our business segment results in “Note 12—Business Segments and Revenue from Contracts with Customers.” Basis of Presentation and Use of Estimates The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (“U.S. GAAP”). The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and in the related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgments, actual amounts or results could differ from these estimates. In the opinion of management, all normal, recurring adjustments have been included for a fair statement of this interim financial information. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements, and related notes thereto, included in Capital One Financial Corporation’s 2021 Annual Report on Form 10-K (“2021 Form 10-K”). Newly Adopted Accounting Standards During the Six Months Ended June 30, 2022 Standard Guidance Adoption Timing and Financial Statement Impacts Fair Value Hedging ASU No. 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layering Method Issued March 2022 The amendments in this ASU establish the portfolio-layer method which provides flexibility to achieve fair value hedge accounting for multiple hedged layers within a single closed portfolio of financial assets. We adopted this guidance in the second quarter of 2022 using the prospective method of adoption. Our adoption of this standard did not have an impact on our consolidated financial statements as any designation of portfolio layer method hedges would be applied prospectively.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investment Securities	NOTE 2—INVESTMENT SECURITIES Our investment securities portfolio consists of the following: U.S. government-sponsored enterprise or agency (“Agency”) and non-agency residential mortgage-backed securities (“RMBS”), Agency commercial mortgage-backed securities (“CMBS”), U.S. Treasury securities and other securities. Agency securities include Government National Mortgage Association (“Ginnie Mae”) guaranteed securities, Federal National Mortgage Association (“Fannie Mae”) and Federal Home Loan Mortgage Corporation (“Freddie Mac”) issued securities. The carrying value of our investments in Agency and U.S. Treasury securities represented 97% and 96% of our total investment securities portfolio as of June 30, 2022 and December 31, 2021 respectively. The table below presents the amortized cost, allowance for credit losses, gross unrealized gains and losses, and fair value aggregated by major security type as of June 30, 2022 and December 31, 2021. Accrued interest receivable of $204 million and $207 million as of June 30, 2022 and December 31, 2021, respectively, is not included in the table below. Table 2.1: Investment Securities Available for Sale June 30, 2022 (Dollars in millions) Amortized Allowance Gross Gross Fair Investment securities available for sale: U.S. Treasury securities $ 8,664 $ 0 $ 4 $ (44) $ 8,624 RMBS: Agency 71,215 0 93 (6,603) 64,705 Non-agency 687 (3) 140 (2) 822 Total RMBS 71,902 (3) 233 (6,605) 65,527 Agency CMBS 8,060 0 8 (494) 7,574 Other securities (1) 1,307 0 1 (11) 1,297 Total investment securities available for sale $ 89,933 $ (3) $ 246 $ (7,154) $ 83,022 December 31, 2021 (Dollars in millions) Amortized Allowance Gross Gross Fair Investment securities available for sale: U.S. Treasury securities $ 9,419 $ 0 $ 23 $ 0 $ 9,442 RMBS: Agency 72,593 0 958 (931) 72,620 Non-agency 792 (1) 205 0 996 Total RMBS 73,385 (1) 1,163 (931) 73,616 Agency CMBS 9,237 0 195 (63) 9,369 Other securities (1) 2,830 0 6 (2) 2,834 Total investment securities available for sale $ 94,871 $ (1) $ 1,387 $ (996) $ 95,261 __________ (1) Includes $566 million and $2.0 billion of asset-backed securities (“ABS”) as of June 30, 2022 and December 31, 2021 respectively. The remaining amount is primarily comprised of supranational bonds and foreign government bonds. Investment Securities in a Gross Unrealized Loss Position The table below provides the gross unrealized losses and fair value of our securities available for sale aggregated by major security type and the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2022 and December 31, 2021. The amounts include securities available for sale without an allowance for credit losses. Table 2.2: Securities in a Gross Unrealized Loss Position June 30, 2022 Less than 12 Months 12 Months or Longer Total (Dollars in millions) Fair Value Gross Fair Value Gross Fair Value Gross Investment securities available for sale without an allowance for credit losses: U.S. Treasury securities $ 4,098 $ (44) $ 0 $ 0 $ 4,098 $ (44) RMBS: Agency 45,363 (4,001) 16,238 (2,602) 61,601 (6,603) Non-agency 19 (1) 0 0 19 (1) Total RMBS 45,382 (4,002) 16,238 (2,602) 61,620 (6,604) Agency CMBS 5,929 (345) 1,201 (149) 7,130 (494) Other securities (1) 957 (11) 0 0 957 (11) Total investment securities available for sale in a gross unrealized loss position without an allowance for credit losses (2) $ 56,366 $ (4,402) $ 17,439 $ (2,751) $ 73,805 $ (7,153) December 31, 2021 Less than 12 Months 12 Months or Longer Total (Dollars in millions) Fair Value Gross Fair Value Gross Fair Value Gross Investment securities available for sale without an allowance for credit losses: RMBS: Agency $ 37,492 $ (632) $ 8,606 $ (299) $ 46,098 $ (931) Non-agency 3 0 1 0 4 0 Total RMBS 37,495 (632) 8,607 (299) 46,102 (931) Agency CMBS 2,999 (36) 803 (27) 3,802 (63) Other securities (1) 1,207 (2) 0 0 1,207 (2) Total investment securities available for sale in a gross unrealized loss position without an allowance for credit losses (2) $ 41,701 $ (670) $ 9,410 $ (326) $ 51,111 $ (996) __________ (1) Includes primarily ABS, foreign government bonds, and supranational bonds. (2) Consists of approxima tely 2,500 and 740 se cur ities in gross unrealized loss positions as of June 30, 2022 and December 31, 2021, respectively. Maturities and Yields of Investment Securities The table below summarizes, as of June 30, 2022, the fair value of our investment securities by major security type and contractual maturity as well as the total fair value, amortized cost and weighted-average yields of our investment securities by contractual maturity. Because borrowers may have the right to call or prepay certain obligations, the expected maturities of our securities are likely to differ from the scheduled contractual maturities presented below. The weighted-average yield below represents the effective yield for the investment securities and is calculated based on the amortized cost of each security. Table 2.3: Contractual Maturities and Weighted-Average Yields of Securities June 30, 2022 (Dollars in millions) Due in Due > 1 Year Due > 5 Years Due > 10 Years Total Fair value of securities available for sale: U.S. Treasury securities $ 3,893 $ 4,731 $ 0 $ 0 $ 8,624 RMBS (1) : Agency 0 106 1,100 63,499 64,705 Non-agency 0 0 0 822 822 Total RMBS 0 106 1,100 64,321 65,527 Agency CMBS (1) 285 1,897 3,690 1,702 7,574 Other securities 221 835 241 0 1,297 Total securities available for sale $ 4,399 $ 7,569 $ 5,031 $ 66,023 $ 83,022 Amortized cost of securities available for sale $ 4,399 $ 7,705 $ 5,365 $ 72,464 $ 89,933 Weighted-average yield for securities available for sale 0.83 % 1.27 % 2.02 % 2.09 % 1.95 % __________ (1) As of June 30, 2022, the weighted-average expected maturities of RMBS and Agency CMBS were 6.7 years and 5.4 years, respectively. Net Securities Gains or Losses and Proceeds from Sales For the three and six months ended June 30, 2022, total proceeds from sales of our securities were $1.8 billion and $2.2 billion , respectively, with losses of $6 million for both periods, respectively. Total proceeds from sales of our securities were $595 million, with gains of $4 million for the six months ended June 30, 2021. We had no sales of securities for the three months ended June 30, 2021. Securities Pledged and Received We pledged investment securities totaling $20.0 billion and $20.8 billion as of June 30, 2022 and December 31, 2021, respectively. These securities are primarily pledged to secure Public Funds deposits and Federal Home Loan Banks (“FHLB”) advances, as well as for other purposes as required or permitted by law. We accepted pledges of securities with a fair value of approximately $28 million and $1 million as of June 30, 2022 and December 31, 2021, respectively, related to our derivative transactions.

Loans

Loans	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Loans	NOTE 3—LOANS Our loan portfolio consists of loans held for investment, including loans held in our consolidated trusts, and loans held for sale. We further divide our loans held for investment into three portfolio segments: credit card, consumer banking and commercial banking. Credit card loans consist of domestic and international credit card loans. Consumer banking loans consist of auto and retail banking loans. Commercial banking loans consist of commercial and multifamily real estate as well as commercial and industrial loans. The information presented in this section excludes loans held for sale, which are carried at either fair value (if we elect the fair value option) or at the lower of cost or fair value. Accrued interest receivable of $1.4 billion and $1.2 billion as of June 30, 2022 and December 31, 2021, respectively, is not included in the tables in this note. The table below presents the composition and aging analysis of our loans held for investment portfolio as of June 30, 2022 and December 31, 2021. The delinquency aging includes all past due loans, both performing and nonperforming. Table 3.1: Loan Portfolio Composition and Aging Analysis June 30, 2022 Delinquent Loans (Dollars in millions) Current 30-59 60-89 > 90 Days Total Total Credit Card: Domestic credit card $ 112,297 $ 896 $ 615 $ 1,196 $ 2,707 $ 115,004 International card businesses 5,655 82 48 91 221 5,876 Total credit card 117,952 978 663 1,287 2,928 120,880 Consumer Banking: Auto 76,030 2,566 1,084 246 3,896 79,926 Retail banking 1,576 10 1 18 29 1,605 Total consumer banking 77,606 2,576 1,085 264 3,925 81,531 Commercial Banking: Commercial and multifamily real estate 37,507 212 70 56 338 37,845 Commercial and industrial 55,780 225 44 79 348 56,128 Total commercial banking 93,287 437 114 135 686 93,973 Total loans (1) $ 288,845 $ 3,991 $ 1,862 $ 1,686 $ 7,539 $ 296,384 % of Total loans 97.46 % 1.34 % 0.63 % 0.57 % 2.54 % 100.00 % December 31, 2021 Delinquent Loans (Dollars in millions) Current 30-59 60-89 > 90 Days Total Total Credit Card: Domestic credit card $ 106,312 $ 773 $ 528 $ 1,110 $ 2,411 $ 108,723 International card businesses 5,836 77 50 86 213 6,049 Total credit card 112,148 850 578 1,196 2,624 114,772 Consumer Banking: Auto 72,221 2,385 933 240 3,558 75,779 Retail banking 1,807 35 7 18 60 1,867 Total consumer banking 74,028 2,420 940 258 3,618 77,646 December 31, 2021 Delinquent Loans (Dollars in millions) Current 30-59 60-89 > 90 Days Total Total Commercial Banking: Commercial and multifamily real estate 35,100 92 35 35 162 35,262 Commercial and industrial 49,379 139 103 39 281 49,660 Total commercial banking 84,479 231 138 74 443 84,922 Total loans (1) $ 270,655 $ 3,501 $ 1,656 $ 1,528 $ 6,685 $ 277,340 % of Total loans 97.59 % 1.26 % 0.60 % 0.55 % 2.41 % 100.00 % __________ (1) Loans include unamortized premiums and discounts, and unamortized deferred fees and costs totaling $1.4 billion as of both June 30, 2022 and December 31, 2021. The following table presents our loans held for investment that are 90 days or more past due that continue to accrue interest, loans that are classified as nonperforming and loans that are classified as nonperforming without an allowance as of June 30, 2022 and December 31, 2021. Nonperforming loans generally include loans that have been placed on nonaccrual status. Table 3.2: 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans June 30, 2022 December 31, 2021 (Dollars in millions) > 90 Days and Accruing Nonperforming Loans (1) Nonperforming > 90 Days and Accruing Nonperforming Loans (1) Nonperforming Credit Card: Domestic credit card $ 1,196 N/A $ 0 $ 1,110 N/A $ 0 International card businesses 88 $ 8 0 82 $ 10 0 Total credit card 1,284 8 0 1,192 10 0 Consumer Banking: Auto 0 398 0 0 344 0 Retail banking 0 42 8 0 47 4 Total consumer banking 0 440 8 0 391 4 Commercial Banking: Commercial and multifamily real estate 20 294 266 3 383 268 Commercial and industrial 0 361 214 0 316 257 Total commercial banking 20 655 480 3 699 525 Total $ 1,304 $ 1,103 $ 488 $ 1,195 $ 1,100 $ 529 % of Total loans held for investment 0.44 % 0.37 % 0.16 % 0.43 % 0.40 % 0.19 % __________ Credit Quality Indicators We closely monitor economic conditions and loan performance trends to assess and manage our exposure to credit risk. We discuss these risks and our credit quality indicator for each portfolio segment below. Credit Card Our credit card loan portfolio is highly diversified across millions of accounts and numerous geographies without significant individual exposure. We therefore generally manage credit risk based on portfolios with common risk characteristics. The risk in our credit card loan portfolio correlates to broad economic trends, such as unemployment rates and the U.S. Real Gross Domestic Product (“GDP”) Rate, as well as consumers’ financial condition, all of which can have a material effect on credit performance. The key indicator we assess in monitoring the credit quality and risk of our credit card loan portfolio is delinquency trends, including an analysis of loan migration between delinquency categories over time. The table below presents our credit card portfolio by delinquency status as of June 30, 2022 and December 31, 2021. Table 3.3: Credit Card Delinquency Status June 30, 2022 December 31, 2021 (Dollars in millions) Revolving Loans Revolving Loans Converted to Term Total Revolving Loans Revolving Loans Converted to Term Total Credit Card: Domestic credit card: Current $ 112,027 $ 270 $ 112,297 $ 105,985 $ 327 $ 106,312 30-59 days 884 12 896 760 13 773 60-89 days 607 8 615 519 9 528 Greater than 90 days 1,186 10 1,196 1,100 10 1,110 Total domestic credit card 114,704 300 115,004 108,364 359 108,723 International card businesses: Current 5,621 34 5,655 5,795 41 5,836 30-59 days 79 3 82 73 4 77 60-89 days 45 3 48 47 3 50 Greater than 90 days 88 3 91 82 4 86 Total international card businesses 5,833 43 5,876 5,997 52 6,049 Total credit card $ 120,537 $ 343 $ 120,880 $ 114,361 $ 411 $ 114,772 Consumer Banking Our consumer banking loan portfolio consists of auto and retail banking loans. Similar to our credit card loan portfolio, the risk in our consumer banking loan portfolio correlates to broad economic trends as well as consumers’ financial condition, all of which can have a material effect on credit performance. The key indicator we monitor when assessing the credit quality and risk of our auto loan portfolio is borrower credit scores as they measure the creditworthiness of borrowers. Delinquency trends are the key indicator we assess in monitoring the credit quality and risk of our retail banking loan portfolio. The table below presents our consumer banking portfolio of loans held for investment by credit quality indicator as of June 30, 2022 and December 31, 2021. We present our auto loan portfolio by FICO scores at origination and our retail banking loan portfolio by delinquency status, which includes all past due loans, both performing and nonperforming. Table 3.4: Consumer Banking Portfolio by Credit Quality Indicator June 30, 2022 Term Loans by Vintage Year (Dollars in millions) 2022 2021 2020 2019 2018 Prior Total Term Loans Revolving Loans Revolving Loans Converted to Term Total Auto — At origination FICO scores: (1) Greater than 660 $ 12,004 $ 17,114 $ 6,768 $ 3,519 $ 1,615 $ 740 $ 41,760 $ 0 $ 0 $ 41,760 621-660 3,982 6,134 2,874 1,566 757 381 15,694 0 0 15,694 620 or below 4,799 7,877 4,927 2,831 1,312 726 22,472 0 0 22,472 Total auto 20,785 31,125 14,569 7,916 3,684 1,847 79,926 0 0 79,926 Retail banking—Delinquency status: Current 126 173 99 150 141 555 1,244 326 6 1,576 30-59 days 0 0 0 0 0 1 1 9 0 10 60-89 days 0 0 0 0 0 0 0 1 0 1 Greater than 90 days 0 0 1 0 3 9 13 4 1 18 Total retail banking (2) 126 173 100 150 144 565 1,258 340 7 1,605 Total consumer banking $ 20,911 $ 31,298 $ 14,669 $ 8,066 $ 3,828 $ 2,412 $ 81,184 $ 340 $ 7 $ 81,531 December 31, 2021 Term Loans by Vintage Year (Dollars in millions) 2021 2020 2019 2018 2017 Prior Total Term Loans Revolving Loans Revolving Loans Converted to Term Total Auto — At origination FICO scores: (1) Greater than 660 $ 20,758 $ 8,630 $ 4,739 $ 2,394 $ 1,153 $ 301 $ 37,975 $ 0 $ 0 $ 37,975 621-660 7,456 3,721 2,109 1,084 537 157 15,064 0 0 15,064 620 or below 9,522 6,336 3,767 1,840 949 326 22,740 0 0 22,740 Total auto 37,736 18,687 10,615 5,318 2,639 784 75,779 0 0 75,779 Retail banking—Delinquency status: Current 285 171 172 161 176 491 1,456 345 6 1,807 30-59 days 0 2 2 7 0 1 12 23 0 35 60-89 days 0 4 0 0 0 2 6 1 0 7 Greater than 90 days 0 1 0 1 1 9 12 4 2 18 Total retail banking (2) 285 178 174 169 177 503 1,486 373 8 1,867 Total consumer banking $ 38,021 $ 18,865 $ 10,789 $ 5,487 $ 2,816 $ 1,287 $ 77,265 $ 373 $ 8 $ 77,646 __________ (1) Amounts represent period-end loans held for investment in each credit score category. Auto credit scores generally represent average FICO scores obtained from three credit bureaus at the time of application and are not refreshed thereafter. Balances for which no credit score is available or the credit score is invalid are included in the 620 or below category. (2) Includes Paycheck Protection Program (“PPP”) loans of $73 million and $232 million as of June 30, 2022 and December 31, 2021, respectively. Commercial Banking The key credit quality indicator for our commercial loan portfolios is our internal risk ratings. We assign internal risk ratings to loans based on relevant information about the ability of the borrowers to repay their debt. In determining the risk rating of a particular loan, some of the factors considered are the borrower’s current financial condition, historical and projected future credit performance, prospects for support from financially responsible guarantors, the estimated realizable value of any collateral and current economic trends. The scale based on our internal risk rating system is as follows: • Noncriticized: Loans that have not been designated as criticized, frequently referred to as “pass” loans. • Criticized performing: Loans in which the financial condition of the obligor is stressed, affecting earnings, cash flows or collateral values. The borrower currently has adequate capacity to meet near-term obligations; however, the stress, left unabated, may result in deterioration of the repayment prospects at some future date. • Criticized nonperforming: Loans that are not adequately protected by the current net worth and paying capacity of the obligor or the collateral pledged, if any. Loans classified as criticized nonperforming have a well-defined weakness, or weaknesses, which jeopardize the full repayment of the debt. These loans are characterized by the distinct possibility that we will sustain a credit loss if the deficiencies are not corrected and are generally placed on nonaccrual status. We use our internal risk rating system for regulatory reporting, determining the frequency of credit exposure reviews, and evaluating and determining the allowance for credit losses for commercial loans. Generally, loans that are designated as criticized performing and criticized nonperforming are reviewed quarterly by management to determine if they are appropriately classified/rated and whether any impairment exists. Noncriticized loans are also generally reviewed, at least annually, to determine the appropriate risk rating. In addition, we evaluate the risk rating during the renewal process of any loan or if a loan becomes past due. The following table presents our commercial banking portfolio of loans held for investment by internal risk ratings as of June 30, 2022 and December 31, 2021. The internal risk rating status includes all past due loans, both performing and nonperforming. Table 3.5: Commercial Banking Portfolio by Internal Risk Ratings June 30, 2022 Term Loans by Vintage Year (Dollars in millions) 2022 2021 2020 2019 2018 Prior Total Term Loans Revolving Loans Revolving Loans Converted to Term Total Internal risk rating: (1) Commercial and multifamily real estate Noncriticized $ 5,997 $ 4,866 $ 1,769 $ 2,602 $ 1,825 $ 3,443 $ 20,502 $ 14,144 $ 25 $ 34,671 Criticized performing 289 241 271 385 269 1,374 2,829 51 0 2,880 Criticized nonperforming 103 0 5 7 19 160 294 0 0 294 Total commercial and multifamily real estate 6,389 5,107 2,045 2,994 2,113 4,977 23,625 14,195 25 37,845 Commercial and industrial Noncriticized 11,980 8,692 5,339 4,115 2,244 4,046 36,416 17,229 33 53,678 Criticized performing 518 227 276 381 172 97 1,671 418 0 2,089 Criticized nonperforming 95 40 20 93 42 18 308 53 0 361 Total commercial and industrial 12,593 8,959 5,635 4,589 2,458 4,161 38,395 17,700 33 56,128 Total commercial banking (2) $ 18,982 $ 14,066 $ 7,680 $ 7,583 $ 4,571 $ 9,138 $ 62,020 $ 31,895 $ 58 $ 93,973 December 31, 2021 Term Loans by Vintage Year (Dollars in millions) 2021 2020 2019 2018 2017 Prior Total Term Loans Revolving Loans Revolving Loans Converted to Term Total Internal risk rating: (1) Commercial and multifamily real estate Noncriticized $ 6,590 $ 2,924 $ 3,393 $ 2,401 $ 793 $ 3,538 $ 19,639 $ 12,286 $ 0 $ 31,925 Criticized performing 248 195 329 317 261 1,478 2,828 101 25 2,954 Criticized nonperforming 0 0 88 20 9 266 383 0 0 383 Total commercial and multifamily real estate 6,838 3,119 3,810 2,738 1,063 5,282 22,850 12,387 25 35,262 Commercial and industrial Noncriticized 12,662 7,039 5,506 2,750 1,730 3,033 32,720 14,310 59 47,089 Criticized performing 279 188 838 207 120 167 1,799 456 0 2,255 Criticized nonperforming 32 52 85 93 6 10 278 38 0 316 Total commercial and industrial 12,973 7,279 6,429 3,050 1,856 3,210 34,797 14,804 59 49,660 Total commercial banking (2) $ 19,811 $ 10,398 $ 10,239 $ 5,788 $ 2,919 $ 8,492 $ 57,647 $ 27,191 $ 84 $ 84,922 __________ (1) Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by bank regulatory authorities. (2) Includes PPP loans of $37 million and $102 million as of June 30, 2022 and December 31, 2021, respectively. Troubled Debt Restructurings As part of our loss mitigation efforts, we may provide short-term (one to twelve months) or long-term (greater than twelve months) modifications to a borrower experiencing financial difficulty to improve long-term collectability of the loan and to avoid the need for repossession or foreclosure of collateral. We consider the impact of all loan modifications, whether or not that modification is classified as a troubled debt restructuring (“TDR”), when estimating the credit quality of our loan portfolio and establishing allowance levels. For our Commercial Banking customers, loan modifications are also considered in the assignment of an internal risk rating. Additional guidance issued by the Federal Banking Agencies and contained in the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) provided banking organizations with TDR relief for loan modifications to certain qualifying borrowers impacted by the COVID-19 pandemic. The guidance in the CARES Act expired on January 1, 2022 at which time we also concurrently ceased applying the additional guidance issued by the Federal Banking Agencies. Total recorded TDRs were $2.2 billion and $1.6 billion as of June 30, 2022 and December 31, 2021, respectively. TDRs classified as performing in our credit card and consumer banking loan portfolios totaled $1.3 billion and $1.1 billion as of June 30, 2022 and December 31, 2021, respectively. TDRs classified as performing in our commercial banking loan portfolio totaled $333 million and $192 million as of June 30, 2022 and December 31, 2021, respectively. Commitments to lend additional funds on loans modified in a TDR totaled $166 million and $168 million as of June 30, 2022 and December 31, 2021, respectively. The following tables present the major modification types, amortized cost amounts and financial effects of loans modified in a TDR during the three and six months ended June 30, 2022 and 2021. Table 3.6: Troubled Debt Restructurings Three Months Ended June 30, 2022 Reduced Interest Rate Term Extension (Dollars in millions) Total Loans Modified (1) % of TDR Activity (2) Average Rate Reduction % of TDR Activity (2) Average Term Extension (Months) Credit Card: Domestic credit card $ 57 100 % 15.56 % N/A N/A International card businesses 30 100 27.65 N/A N/A Total credit card 87 100 19.70 N/A N/A Consumer Banking: Auto 280 49 8.56 97 % 4 Total consumer banking 280 49 8.56 97 4 Commercial Banking: Commercial and multifamily real estate 133 N/A N/A 91 14 Commercial and industrial 129 N/A N/A 33 13 Total commercial banking 262 N/A N/A 62 14 Total $ 629 Six Months Ended June 30, 2022 Reduced Interest Rate Term Extension (Dollars in millions) Total Loans Modified (1) % of TDR Activity (2) Average Rate Reduction % of TDR Activity (2) Average Term Extension (Months) Credit Card: Domestic credit card $ 119 100 % 15.09 % N/A N/A International card businesses 64 100 27.83 N/A N/A Total credit card 183 100 19.54 N/A N/A Consumer Banking: Auto 519 52 8.68 97 % 4 Retail banking 1 N/A N/A 100 12 Total consumer banking 520 52 8.68 97 4 Commercial Banking: Commercial and multifamily real estate 264 4 0.29 77 13 Commercial and industrial 167 N/A N/A 45 12 Total commercial banking 431 2 0.29 64 13 Total $ 1,134 Three Months Ended June 30, 2021 Reduced Interest Rate Term Extension (Dollars in millions) Total Loans Modified (1) % of TDR Activity (2) Average Rate Reduction % of TDR Activity (2) Average Term Extension (Months) Credit Card: Domestic credit card $ 33 100 % 16.07 % N/A N/A International card businesses 27 100 27.45 N/A N/A Total credit card 60 100 21.22 N/A N/A Consumer Banking: Auto 65 39 8.62 91 % 4 Retail banking 1 N/A N/A 100 41 Total consumer banking 66 38 8.62 91 4 Commercial Banking: Commercial and industrial 34 N/A N/A 56 17 Total commercial banking 34 N/A N/A 56 17 Total $ 160 Six Months Ended June 30, 2021 Reduced Interest Rate Term Extension (Dollars in millions) Total Loans Modified (1) % of TDR Activity (2) Average Rate Reduction % of TDR Activity (2) Average Term Extension (Months) Credit Card: Domestic credit card $ 77 100 % 16.10 % N/A N/A International card businesses 66 100 27.62 N/A N/A Total credit card 143 100 21.43 N/A N/A Consumer Banking: Auto 180 36 8.87 94 % 3 Retail banking 1 31 3.77 69 28 Total consumer banking 181 36 8.85 94 3 Commercial Banking: Commercial and multifamily real estate 20 N/A N/A 100 14 Commercial and industrial 78 N/A N/A 38 8 Total commercial banking 98 N/A N/A 51 11 Total $ 422 __________ (1) Represents the amortized cost of total loans modified in TDR at the end of the period in which they were modified. As not every modification type is included in the table above, the total percentage of TDR activity may not add up to 100%. Some loans may receive more than one type of modification. (2) Due to multiple modification types granted to some troubled borrowers, percentages may total more than 100% for certain loan types. Subsequent Defaults of Completed TDR Modifications The following table presents the type, number and amortized cost of loans modified in a TDR that experienced a default during the period and had completed a modification event in the twelve months prior to the default. A default occurs if the loan is either 90 days or more delinquent, has been charged off as of the end of the period presented or has been reclassified from accrual to nonaccrual status. Table 3.7: TDR—Subsequent Defaults Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (Dollars in millions) Number of Contracts Amount Number of Contracts Amount Number of Contracts Amount Number of Contracts Amount Credit Card: Domestic credit card 8,012 $ 17 4,226 $ 8 14,024 $ 28 9,360 $ 18 International card businesses 19,611 20 14,827 23 36,118 39 32,029 51 Total credit card 27,623 37 19,053 31 50,142 67 41,389 69 Consumer Banking: Auto 3,539 63 2,271 35 5,510 96 4,302 64 Retail banking 0 0 3 0 0 0 8 0 Total consumer banking 3,539 63 2,274 35 5,510 96 4,310 64 Commercial Banking: Commercial and multifamily real estate 0 0 1 50 0 0 1 50 Commercial and industrial 2 4 6 82 3 35 6 82 Total commercial banking 2 4 7 132 3 35 7 132 Total 31,164 $ 104 21,334 $ 198 55,655 $ 198 45,706 $ 265 Loans Pledged We pledged loan collateral of $10.2 billion and $10.3 billion to secure a portion of of our FHLB borrowing capacity of $18.7 billion and $19.7 billion as of June 30, 2022 and December 31, 2021, respectively. We also pledged loan collateral of $34.5 billion and $26.5 billion to secure our Federal Reserve Discount Window borrowing capacity of $22.1 billion and $19.6 billion as of June 30, 2022 and December 31, 2021, respectively. In addition to loans pledged, we have securitized a portion of our credit card and auto loan portfolios. See “Note 5—Variable Interest Entities and Securitizations” for additional information. Revolving Loans Converted to Term Loans For the three and six months ended June 30, 2022, we converted $41 million and $332 million of revolving loans to term loans, respectively, primarily in our domestic credit card and commercial banking loan portfolios. For the three and six months ended June 30, 2021, we converted $38 million and $135 million of revolving loans to term loans, respectively, primarily in our domestic credit card and commercial banking loan portfolios.

Allowance for Credit Losses and

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments	6 Months Ended
	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Allowance for Credit Losses and Reserve for Unfunded Lending Commitment	NOTE 4—ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR UNFUNDED LENDING COMMITMENTS Our allowance for credit losses represents management’s current estimate of expected credit losses over the contractual terms of our loans held for investment as of each balance sheet date. Expected recoveries of amounts previously charged off or expected to be charged off are recognized within the allowance. Significant judgment is applied in our estimation of lifetime credit losses. When developing an estimate of expected credit losses, we use both quantitative and qualitative methods in considering all available information relevant to assessing collectability. This may include internal information, external information or a combination of both relating to past events, current conditions, and reasonable and supportable forecasts. Management will consider and may qualitatively adjust for conditions, changes and trends in loan portfolios that may not be captured in modeled results. These adjustments are referred to as qualitative factors and represent management’s judgment of the imprecision and risks inherent in the processes and assumptions used in establishing the allowance for credit losses. We have unfunded lending commitments in our Commercial Banking business that are not unconditionally cancellable by us and for which we estimate expected credit losses in establishing a reserve. This reserve is measured using the same measurement objectives as the allowance for loans held for investment. We build or release the reserve for unfunded lending commitments through the provision for credit losses in our consolidated statements of income, and the related reserve for unfunded lending commitments is included in other liabilities on our consolidated balance sheets. See “Note 1—Summary of Significant Accounting Policies” in our 2021 Form 10-K for further discussion of the methodology and policy for determining our allowance for credit losses for each of our loan portfolio segments, as well as information on our reserve for unfunded lending commitments. Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity The table below summarizes changes in the allowance for credit losses and reserve for unfunded lending commitments by portfolio segment for the three and six months ended June 30, 2022 and 2021. Our allowance for credit losses increased by $61 million to $11.5 billion as of June 30, 2022 from December 31, 2021. Table 4.1: Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity Three Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Allowance for credit losses: Balance as of March 31, 2022 $ 8,280 $ 1,902 $ 1,126 $ 11,308 Charge-offs (1,009) (331) (43) (1,383) Recoveries (1) 331 195 12 538 Net charge-offs (678) (136) (31) (845) Provision (benefit) for credit losses 581 281 183 1,045 Allowance build (release) for credit losses (97) 145 152 200 Other changes (2) (17) 0 0 (17) Balance as of June 30, 2022 8,166 2,047 1,278 11,491 Reserve for unfunded lending commitments: Balance as of March 31, 2022 0 0 200 200 Provision for losses on unfunded lending commitments 0 0 39 39 Balance as of June 30, 2022 0 0 239 239 Combined allowance and reserve as of June 30, 2022 $ 8,166 $ 2,047 $ 1,517 $ 11,730 Six Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Allowance for credit losses: Balance as of December 31, 2021 $ 8,345 $ 1,918 $ 1,167 $ 11,430 Charge-offs (1,964) (680) (60) (2,704) Recoveries (1) 679 398 15 1,092 Net charge-offs (1,285) (282) (45) (1,612) Provision (benefit) for credit losses 1,126 411 156 1,693 Allowance build (release) for credit losses (159) 129 111 81 Other changes (2) (20) 0 0 (20) Balance as of June 30, 2022 8,166 2,047 1,278 11,491 Reserve for unfunded lending commitments: Balance as of December 31, 2021 0 0 165 165 Provision for losses on unfunded lending commitments 0 0 74 74 Balance as of June 30, 2022 0 0 239 239 Combined allowance and reserve as of June 30, 2022 $ 8,166 $ 2,047 $ 1,517 $ 11,730 Three Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Allowance for credit losses: Balance as of March 31, 2021 $ 10,072 $ 2,498 $ 1,447 $ 14,017 Charge-offs (967) (260) (8) (1,235) Recoveries (1) 396 271 27 694 Net recoveries (charge-offs) (571) 11 19 (541) Provision (benefit) for credit losses (635) (306) (196) (1,137) Allowance build (release) for credit losses (1,206) (295) (177) (1,678) Other changes (2) 7 0 0 7 Balance as of June 30, 2021 8,873 2,203 1,270 12,346 Reserve for unfunded lending commitments: Balance as of March 31, 2021 0 0 187 187 Provision (benefit) for losses on unfunded lending commitments 0 0 (23) (23) Balance as of June 30, 2021 0 0 164 164 Combined allowance and reserve as of June 30, 2021 $ 8,873 $ 2,203 $ 1,434 $ 12,510 Six Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Allowance for credit losses: Balance as of December 31, 2020 $ 11,191 $ 2,715 $ 1,658 $ 15,564 Charge-offs (1,960) (602) (27) (2,589) Recoveries (1) 756 522 30 1,308 Net recoveries (charge-offs) (1,204) (80) 3 (1,281) Provision (benefit) for credit losses (1,127) (432) (391) (1,950) Allowance build (release) for credit losses (2,331) (512) (388) (3,231) Other changes (2) 13 0 0 13 Balance as of June 30, 2021 8,873 2,203 1,270 12,346 Six Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Reserve for unfunded lending commitments: Balance as of December 31, 2020 0 0 195 195 Provision (benefit) for losses on unfunded lending commitments 0 0 (31) (31) Balance as of June 30, 2021 0 0 164 164 Combined allowance and reserve as of June 30, 2021 $ 8,873 $ 2,203 $ 1,434 $ 12,510 __________ (1) The amount and timing of recoveries are impacted by our collection strategies, which are based on customer behavior and risk profile and include direct customer communications, repossession of collateral, the periodic sale of charged off loans as well as additional strategies, such as litigation. (2) Represents foreign currency translation adjustments. Credit Card Partnership Loss Sharing Arrangements We have certain credit card partnership agreements that are presented within our consolidated financial statements on a net basis, in which our partner agrees to share a portion of the credit losses on the underlying loan portfolio. The expected reimbursements from these partners are netted against our allowance for credit losses. Our methodology for estimating reimbursements is consistent with the methodology we use to estimate the allowance for credit losses on our credit card loan receivables. These expected reimbursements result in reductions to net charge-offs and the provision for credit losses. See “Note 1—Summary of Significant Accounting Policies” in our 2021 Form 10-K for further discussion of our credit card partnership agreements. The table below summarizes the changes in the estimated reimbursements from these partners for the three and six months ended June 30, 2022 and 2021. Table 4.2: Summary of Credit Card Partnership Loss Sharing Arrangements Impacts Three Months Ended June 30, (Dollars in millions) 2022 2021 Estimated reimbursements from partners, beginning of period $ 1,366 $ 2,005 Amounts due from partners which reduced net charge-offs (119) (128) Amounts expected to become due from (to) partners which reduced (increased) provision for credit losses 55 (166) Estimated reimbursements from partners, end of period $ 1,302 $ 1,711 Six Months Ended June 30, (Dollars in millions) 2022 2021 Estimated reimbursements from partners, beginning of period $ 1,450 $ 2,159 Amounts due from partners which reduced net charge-offs (226) (269) Amounts expected to become due from (to) partners which reduced (increased) provision for credit losses 78 (179) Estimated reimbursements from partners, end of period $ 1,302 $ 1,711

Variable Interest Entities and

Variable Interest Entities and Securitizations	6 Months Ended
	Jun. 30, 2022
Variable Interest Entities and Securitization [Abstract]
Variable Interest Entities and Securitizations	NOTE 5—VARIABLE INTEREST ENTITIES AND SECURITIZATIONS In the normal course of business, we enter into various types of transactions with entities that are considered to be variable interest entities (“VIEs”). Our primary involvement with VIEs is related to our securitization transactions in which we transfer assets to securitization trusts. We primarily securitize credit card and auto loans, which has provided a source of funding for us and enabled us to transfer a certain portion of the economic risk of the loans or related debt securities to third parties. The entity that has a controlling financial interest in a VIE is referred to as the primary beneficiary and is required to consolidate the VIE. The majority of the VIEs in which we are involved have been consolidated in our financial statements. Summary of Consolidated and Unconsolidated VIEs The assets of our consolidated VIEs primarily consist of cash, loan receivables and the related allowance for credit losses, which we report on our consolidated balance sheets under restricted cash for securitization investors, loans held in consolidated trusts and allowance for credit losses, respectively. The assets of a particular VIE are the primary source of funds to settle its obligations. Creditors of these VIEs typically do not have recourse to our general credit. Liabilities primarily consist of debt securities issued by the VIEs, which we report under securitized debt obligations on our consolidated balance sheets. For unconsolidated VIEs, we present the carrying amount of assets and liabilities reflected on our consolidated balance sheets and our maximum exposure to loss. Our maximum exposure to loss is estimated based on the unlikely event that all of the assets in the VIEs become worthless and we are required to meet the maximum amount of any remaining funding obligations. The tables below present a summary of VIEs in which we had continuing involvement or held a significant variable interest, aggregated based on VIEs with similar characteristics as of June 30, 2022 and December 31, 2021. We separately present information for consolidated and unconsolidated VIEs. Table 5.1: Carrying Amount of Consolidated and Unconsolidated VIEs June 30, 2022 Consolidated Unconsolidated (Dollars in millions) Carrying Amount of Assets Carrying Amount of Liabilities Carrying Amount of Assets Carrying Amount of Liabilities Maximum Exposure to Loss Securitization-Related VIEs: (1) Credit card loan securitizations (2) $ 21,065 $ 14,851 $ 0 $ 0 $ 0 Auto loan securitizations 3,878 3,243 0 0 0 Total securitization-related VIEs 24,943 18,094 0 0 0 Other VIEs: (3) Affordable housing entities 260 20 4,774 1,499 4,774 Entities that provide capital to low-income and rural communities 2,331 10 0 0 0 Other 0 0 355 0 355 Total other VIEs 2,591 30 5,129 1,499 5,129 Total VIEs $ 27,534 $ 18,124 $ 5,129 $ 1,499 $ 5,129 December 31, 2021 Consolidated Unconsolidated (Dollars in millions) Carrying Amount of Assets Carrying Amount of Liabilities Carrying Amount of Assets Carrying Amount of Liabilities Maximum Exposure to Loss Securitization-Related VIEs: (1) Credit card loan securitizations (2) $ 21,569 $ 13,016 $ 0 $ 0 $ 0 Auto loan securitizations 2,552 2,187 0 0 0 Total securitization-related VIEs 24,121 15,203 0 0 0 December 31, 2021 Consolidated Unconsolidated (Dollars in millions) Carrying Amount of Assets Carrying Amount of Liabilities Carrying Amount of Assets Carrying Amount of Liabilities Maximum Exposure to Loss Other VIEs: (3) Affordable housing entities 263 27 4,774 1,454 4,774 Entities that provide capital to low-income and rural communities 2,074 26 0 0 0 Other 0 0 383 0 383 Total other VIEs 2,337 53 5,157 1,454 5,157 Total VIEs $ 26,458 $ 15,256 $ 5,157 $ 1,454 $ 5,157 __________ (1) Excludes insignificant VIEs from previously exited businesses. (2) Represents the carrying amount of assets and liabilities of the VIE, which includes the seller’s interest and repurchased notes held by other related parties. (3) In certain investment structures, we consolidate a VIE which in turn holds as its primary asset an investment in an unconsolidated VIE. In these instances, we disclose the carrying amount of assets and liabilities on our consolidated balance sheets as unconsolidated VIEs to avoid duplicating our exposure, as the unconsolidated VIEs are generally the operating entities generating the exposure. The carrying amount of assets and liabilities included in the unconsolidated VIE columns above related to these investment structures were $2.2 billion of assets and $548 million of liabilities as of June 30, 2022, and $2.2 billion of assets and $568 million of liabilities as of December 31, 2021. Securitization-Related VIEs In a securitization transaction, assets are transferred to a trust, which generally meets the definition of a VIE. We engage in securitization activities as an issuer and an investor. Our primary securitization issuance activity includes credit card and auto securitizations, conducted through securitization trusts which we consolidate. Our continuing involvement in these securitization transactions mainly consists of acting as the primary servicer and holding certain retained interests. In our multifamily agency business, we originate multifamily commercial real estate loans and transfer them to government-sponsored enterprises (“GSEs”) who may, in turn, securitize them. We retain the related mortgage servicing rights (“MSRs”) and service the transferred loans pursuant to the guidelines set forth by the GSEs. As an investor, we hold primarily RMBS, CMBS, and ABS in our investment securities portfolio, which represent variable interests in the respective securitization trusts from which those securities were issued. We do not consolidate the securitization trusts employed in these transactions as we do not have the power to direct the activities that most significantly impact the economic performance of these securitization trusts. We exclude these VIEs from the tables within this note because we do not consider our continuing involvement with these VIEs to be significant as we either invest in securities issued by the VIE and were not involved in the design of the VIE or no transfers have occurred between the VIE and us. Our maximum exposure to loss as a result of our involvement with these VIEs is the carrying value of the MSRs and investment securities on our consolidated balance sheets as well as our contractual obligations under loss sharing arrangements. See “Note 6—Goodwill and Other Intangible Assets” for information related to our MSRs associated with these securitizations and “Note 2—Investment Securities” for more information on the securities held in our investment securities portfolio. In addition, where we have certain lending arrangements in the normal course of business with entities that could be VIEs, we have also excluded these VIEs from the tables presented in this note. See “Note 3—Loans” for additional information regarding our lending arrangements in the normal course of business. The table below presents our continuing involvement in certain securitization-related VIEs as of June 30, 2022 and December 31, 2021. Table 5.2: Continuing Involvement in Securitization-Related VIEs (Dollars in millions) Credit Card Auto June 30, 2022: Securities held by third-party investors $ 14,226 $ 3,240 Receivables in the trusts 21,343 3,702 Cash balance of spread or reserve accounts 0 18 Retained interests Yes Yes Servicing retained Yes Yes December 31, 2021: Securities held by third-party investors $ 12,808 $ 2,186 Receivables in the trust 22,454 2,418 Cash balance of spread or reserve accounts 0 13 Retained interests Yes Yes Servicing retained Yes Yes Credit Card Securitizations We securitize a portion of our credit card loans which provides a source of funding for us. Credit card securitizations involve the transfer of credit card receivables to securitization trusts. These trusts then issue debt securities collateralized by the transferred receivables to third-party investors. We hold certain retained interests in our credit card securitizations and continue to service the receivables in these trusts. We consolidate these trusts because we are deemed to be the primary beneficiary as we have the power to direct the activities that most significantly impact the economic performance of the trusts, and the right to receive benefits or the obligation to absorb losses that could potentially be significant to the trusts. Auto Securitizations Similar to our credit card securitizations, we securitize a portion of our auto loans which provides a source of funding for us. Auto securitizations involve the transfer of auto loans to securitization trusts. These trusts then issue debt securities collateralized by the transferred loans to third-party investors. We hold certain retained interests and continue to service the loans in these trusts. We consolidate these trusts because we are deemed to be the primary beneficiary as we have the power to direct the activities that most significantly impact the economic performance of the trusts, and the right to receive benefits or the obligation to absorb losses that could potentially be significant to the trusts. Other VIEs Affordable Housing Entities As part of our community reinvestment initiatives, we invest in private investment funds that make equity investments in multifamily affordable housing properties. We receive affordable housing tax credits for these investments. The activities of these entities are financed with a combination of invested equity capital and debt. We account for certain investments in qualified affordable housing projects using the proportional amortization method if certain criteria are met. The proportional amortization method amortizes the cost of the investment over the period in which the investor expects to receive tax credits and other tax benefits, and the resulting amortization is recognized as a component of income tax expense attributable to continuing operations. For the six months ended June 30, 2022 and June 30, 2021, we recognized amortization of $322 million and $317 million, respectively, and tax credits of $467 million and $423 million, respectively, associated with these investments within income tax provision. The carrying value of our equity investments in these qualified affordable housing projects was $4.8 billion and $4.7 billion as of June 30, 2022 and December 31, 2021, respectively. We are periodically required to provide additional financial or other support during the period of the investments. Our liability for these unfunded commitments was $1.7 billion as of both June 30, 2022 and December 31, 2021, and is largely expected to be paid from 2022 to 2024. For those investment funds considered to be VIEs, we are not required to consolidate them if we do not have the power to direct the activities that most significantly impact the economic performance of those entities. We record our interests in these unconsolidated VIEs in loans held for investment, other assets and other liabilities on our consolidated balance sheets. Our maximum exposure to these entities is limited to our variable interests in the entities which consisted of assets of approximately $4.8 billion as of both June 30, 2022 and December 31, 2021. The creditors of the VIEs have no recourse to our general credit and we do not provide additional financial or other support other than during the period that we are contractually required to provide it. The total assets of the unconsolidated VIE investment funds were approximately $12.2 billion and $11.9 billion as of June 30, 2022 and December 31, 2021, respectively. Entities that Provide Capital to Low-Income and Rural Communities We hold variable interests in entities (“Investor Entities”) that invest in community development entities (“CDEs”) that provide debt financing to businesses and non-profit entities in low-income and rural communities. Variable interests in the CDEs held by the consolidated Investor Entities are also our variable interests. The activities of the Investor Entities are financed with a combination of invested equity capital and debt. The activities of the CDEs are financed solely with invested equity capital. We receive federal and state tax credits for these investments. We consolidate the VIEs in which we have the power to direct the activities that most significantly impact the VIE’s economic performance and where we have the obligation to absorb losses or right to receive benefits that could be potentially significant to the VIE. We consolidate other investments and CDEs that are not considered to be VIEs, but where we hold a controlling financial interest. The assets of the VIEs that we consolidated, which totaled approximately $2.3 billion and $2.1 billion as of June 30, 2022 and December 31, 2021, respectively, are reflected on our consolidated balance sheets in cash, loans held for investment, and other assets. The liabilities are reflected in other liabilities. The creditors of the VIEs have no recourse to our general credit. We have not provided additional financial or other support other than during the period that we are contractually required to provide it. Other We hold variable interests in other VIEs, including companies that promote renewable energy sources and other equity method investments. We are not required to consolidate these VIEs because we do not have the power to direct the activities that most significantly impact their economic performance. Our maximum exposure to these VIEs is limited to the investments on our consolidated balance sheets of $355 million and $383 million as of June 30, 2022 and December 31, 2021, respectively. The creditors of the other VIEs have no recourse to our general credit. We have not provided additional financial or other support other than during the period that we are contractually required to provide it.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	NOTE 6—GOODWILL AND OTHER INTANGIBLE ASSETS The table below presents our goodwill, other intangible assets and MSRs as of June 30, 2022 and December 31, 2021. Goodwill is presented separately, while other intangible assets and MSRs are included in other assets on our consolidated balance sheets. Table 6.1: Components of Goodwill, Other Intangible Assets and MSRs June 30, 2022 (Dollars in millions) Carrying Amount of Assets Accumulated Amortization Net Carrying Amount Goodwill $ 14,778 N/A $ 14,778 Other intangible assets: Purchased credit card relationship (“PCCR”) intangibles 29 $ (13) 16 Other (1) 213 (146) 67 Total other intangible assets 242 (159) 83 Total goodwill and other intangible assets $ 15,020 $ (159) $ 14,861 Commercial MSRs (2) $ 650 $ (215) $ 435 December 31, 2021 (Dollars in millions) Carrying Amount of Assets Accumulated Amortization Net Carrying Amount Goodwill $ 14,782 N/A $ 14,782 Other intangible assets: Purchased credit card relationship (“PCCR”) intangibles 29 $ (10) 19 Other (1) 213 (121) 92 Total other intangible assets 242 (131) 111 Total goodwill and other intangible assets $ 15,024 $ (131) $ 14,893 Commercial MSRs (2) $ 622 $ (202) $ 420 __________ (1) Primarily consists of intangibles for sponsorship, customer and merchant relationships, partnership, trade names and other customer contract intangibles. (2) Commercial MSRs are accounted for under the amortization method on our consolidated balance sheets. Amortization expense for amortizable intangible assets, which is presented separately in our consolidated statements of income, totaled $14 million and $28 million for the three and six months ended June 30, 2022, respectively, and $5 million and $11 million for the three and six months ended June 30, 2021, respectively. Goodwill The following table presents changes in carrying amount of goodwill by each of our business segments as of June 30, 2022 and December 31, 2021. Table 6.2: Goodwill by Business Segments (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Balance as of December 31, 2021 $ 5,087 $ 4,645 $ 5,050 $ 14,782 Other adjustments (1) (8) 0 4 (4) Balance as of June 30, 2022 $ 5,079 $ 4,645 $ 5,054 $ 14,778 __________ (1) Represents foreign currency translation adjustments and measurement period adjustments on prior period acquisitions.

Deposits and Borrowings

Deposits and Borrowings	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Deposits and Borrowings	NOTE 7—DEPOSITS AND BORROWINGS Our deposits represent our largest source of funding for our assets and operations, and include checking accounts, money market deposits, negotiable order of withdrawals, savings deposits and time deposits. We also use a variety of other funding sources including short-term borrowings, senior and subordinated notes, securitized debt obligations and other borrowings. Securitized debt obligations are presented separately on our consolidated balance sheets, as they represent obligations of consolidated securitization trusts, while federal funds purchased and securities loaned or sold under agreements to repurchase, senior and subordinated notes and other borrowings, including FHLB advances, are included in other debt on our consolidated balance sheets. Our total short-term borrowings generally consist of federal funds purchased and securities loaned or sold under agreements to repurchase. Our long-term debt consists of borrowings with an original contractual maturity of greater than one year. The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of June 30, 2022 and December 31, 2021. The carrying value presented below for these borrowings includes unamortized debt premiums and discounts, net of debt issuance costs and fair value hedge accounting adjustments. Table 7.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt (Dollars in millions) June 30, 2022 December 31, 2021 Deposits: Non-interest-bearing deposits $ 37,004 $ 38,043 Interest-bearing deposits (1) 270,881 272,937 Total deposits $ 307,885 $ 310,980 Short-term borrowings: Federal funds purchased and securities loaned or sold under agreements to repurchase $ 440 $ 820 Total short-term borrowings $ 440 $ 820 June 30, 2022 December 31, 2021 (Dollars in millions) Maturity Dates Stated Interest Rates Weighted-Average Interest Rate Carrying Value Carrying Value Long-term debt: Securitized debt obligations 2022-2028 0.32% - 3.49% 2.02% $ 17,466 $ 14,994 Senior and subordinated notes: Fixed unsecured senior debt (2) 2022-2033 0.80 - 5.27 3.23 23,444 19,975 Floating unsecured senior debt 2022-2025 1.96 - 2.86 2.28 1,835 1,709 Total unsecured senior debt 3.16 25,279 21,684 Fixed unsecured subordinated debt 2023-2032 2.36 - 4.20 3.52 5,210 5,535 Total senior and subordinated notes 30,489 27,219 Other long-term borrowings: FHLB advances 2023 1.62 - 1.77 1.70 10,500 0 Finance lease liabilities 2022-2031 0.30 - 9.91 3.65 43 53 Total other long-term borrowings 10,543 53 Total long-term debt $ 58,498 $ 42,266 Total short-term borrowings and long-term debt $ 58,938 $ 43,086 __________ (1) Includes $2.1 billion and $1.8 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of June 30, 2022 and December 31, 2021, respectively. (2) Includes $1.2 billion and $1.4 billion of EUR-denominated unsecured notes as of June 30, 2022 and December 31, 2021, respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	NOTE 8—DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Use of Derivatives and Accounting for Derivatives We regularly enter into derivative transactions to support our overall risk management activities. Our primary market risks stem from the impact on our earnings and economic value of equity due to changes in interest rates and, to a lesser extent, changes in foreign exchange rates. We manage our interest rate sensitivity by employing several techniques, which include changing the duration and re-pricing characteristics of various assets and liabilities by using interest rate derivatives. We also use foreign currency derivatives to limit our earnings and capital exposures to foreign exchange risk by hedging exposures denominated in foreign currencies. We primarily use interest rate and foreign currency swaps to hedge, but we may also use a variety of other derivative instruments, including caps, floors, options, futures and forward contracts, to manage our interest rate and foreign exchange risks. We designate these risk management derivatives as either qualifying accounting hedges or free-standing derivatives. Qualifying accounting hedges are further designated as fair value hedges, cash flow hedges or net investment hedges. Free-standing derivatives are economic hedges that do not qualify for hedge accounting. We also offer interest rate, commodity, foreign currency derivatives and other contracts as an accommodation to our customers within our Commercial Banking business. We enter into these derivatives with our customers primarily to help them manage their interest rate risks, hedge their energy and other commodities exposures, and manage foreign currency fluctuations. We then enter into derivative contracts with counterparties to economically hedge substantially all of our subsequent exposures. See below for additional information on our use of derivatives and how we account for them: • Fair Value Hedges: We designate derivatives as fair value hedges when they are used to manage our exposure to changes in the fair value of certain financial assets and liabilities, which fluctuate in value as a result of movements in interest rates. Changes in the fair value of derivatives designated as fair value hedges are presented in the same line item in our consolidated statements of income as the earnings effect of the hedged items. Our fair value hedges primarily consist of interest rate swaps that are intended to modify our exposure to interest rate risk on various fixed-rate financial assets and liabilities. • Cash Flow Hedges: We designate derivatives as cash flow hedges when they are used to manage our exposure to variability in cash flows related to forecasted transactions. Changes in the fair value of derivatives designated as cash flow hedges are recorded as a component of accumulated other comprehensive income (“AOCI”). Those amounts are reclassified into earnings in the same period during which the forecasted transactions impact earnings and presented in the same line item in our consolidated statements of income as the earnings effect of the hedged items. Our cash flow hedges use interest rate swaps and floors that are intended to hedge the variability in interest receipts or interest payments on some of our variable-rate financial assets or liabilities. We also enter into foreign currency forward contracts to hedge our exposure to variability in cash flows related to intercompany borrowings denominated in foreign currencies. • Net Investment Hedges: We use net investment hedges to manage the foreign currency exposure related to our net investments in foreign operations that have functional currencies other than the U.S. dollar. Changes in the fair value of net investment hedges are recorded in the translation adjustment component of AOCI, offsetting the translation gain or loss from those foreign operations. We execute net investment hedges using foreign currency forward contracts to hedge the translation exposure of the net investment in our foreign operations under the forward method. • Free-Standing Derivatives: Our free-standing derivatives primarily consist of our customer accommodation derivatives and other economic hedges. The customer accommodation derivatives and the related offsetting contracts are mainly interest rate, commodity and foreign currency contracts. The other free-standing derivatives are primarily used to economically hedge the risk of changes in the fair value of our commercial mortgage loan origination and purchase commitments as well as other interests held. Changes in the fair value of free-standing derivatives are recorded in earnings as a component of other non-interest income. Derivatives Counterparty Credit Risk Counterparty Types Derivative instruments contain an element of credit risk that stems from the potential failure of a counterparty to perform according to the terms of the contract, including making payments due upon maturity of certain derivative instruments. We execute our derivative contracts primarily in over-the-counter (“OTC”) markets. We also execute interest rate and commodity futures in the exchange-traded derivative markets. Our OTC derivatives consist of both trades cleared through central counterparty clearinghouses (“CCPs”) and uncleared bilateral contracts. The Chicago Mercantile Exchange (“CME”), the Intercontinental Exchange (“ICE”) and the LCH Group (“LCH”) are our CCPs for our centrally cleared contracts. In our uncleared bilateral contracts, we enter into agreements directly with our derivative counterparties. Counterparty Credit Risk Management We manage the counterparty credit risk associated with derivative instruments by entering into legally enforceable master netting agreements, where applicable, and exchanging collateral with our counterparties, typically in the form of cash or high-quality liquid securities. We exchange collateral in two primary forms: variation margin, which mitigates the risk of changes in value due to daily market movements and is exchanged daily, and initial margin, which mitigates the risk of potential future exposure of a derivative and is exchanged at the outset of a transaction and adjusted daily. We exchange variation margin and initial margin on our cleared derivatives. For uncleared bilateral derivatives, we exchange variation margin, and from September 2021 we exchange initial margin on any new trades executed after September 1, 2021, where such trades are in scope for initial margin. The amount of collateral exchanged for variation margin is dependent upon the fair value of the derivative instruments as well as the fair value of the pledged collateral and will vary over time as market variables change. The amount of the initial margin exchanged is dependent upon 1) the calculation of initial margin exposure, as prescribed by 1(a) the U.S. prudential regulators’ margin rules for uncleared derivatives (“PR Rules”) or 1(b) the CCPs for cleared derivatives and 2) the fair value of the pledged collateral; it will vary over time as market variables change. When valuing collateral, an estimate of the variation in price and liquidity over time is subtracted in the form of a “haircut” to discount the value of the collateral pledged. Our exposure to derivative counterparty credit risk, at any point in time, is equal to the amount reported as a derivative asset on our balance sheet. The fair value of our derivatives is adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and any associated collateral received or pledged. See Table 8.3 for our net exposure associated with derivatives. The terms under which we collateralize our exposures differ between cleared exposures and uncleared bilateral exposures. • CCPs : We clear eligible OTC derivatives with CCPs as part of our regulatory requirements. We also clear exchange-traded instruments, like futures, with CCPs. Futures commission merchants (“FCMs”) serve as the intermediary between CCPs and us. CCPs require that we post initial and variation margin through our FCMs to mitigate the risk of non-payment or default. Initial margin is required by CCPs as collateral against potential losses on our exchange-traded and cleared derivative contracts and variation margin is exchanged on a daily basis to account for mark-to-market changes in those derivative contracts. For CME, ICE and LCH-cleared OTC derivatives, variation margin cash payments are required to be characterized as settlements. Our FCM agreements governing these derivative transactions include provisions that may require us to post additional collateral under certain circumstances. • Bilateral Counterparties : We enter into master netting agreements and collateral agreements with bilateral derivative counterparties, where applicable, to mitigate the risk of default. These bilateral agreements typically provide the right to offset exposure with the same counterparty and require the party in a net liability position to post collateral. Agreements with certain bilateral counterparties require both parties to maintain collateral in the event the fair values of uncleared derivatives exceed established exposure thresholds. Certain of these bilateral agreements include provisions requiring that our debt maintain a credit rating of investment grade or above by each of the major credit rating agencies. In the event of a downgrade of our debt credit rating below investment grade, some of our counterparties would have the right to terminate their derivative contract and close out existing positions. Credit Risk Valuation Adjustments We record counterparty credit valuation adjustments (“CVAs”) on our derivative assets to reflect the credit quality of our counterparties. We consider collateral and legally enforceable master netting agreements that mitigate our credit exposure to each counterparty in determining CVAs, which may be adjusted due to changes in the fair values of the derivative contracts, collateral, and creditworthiness of the counterparty. We also record debit valuation adjustments (“DVAs”) to adjust the fair values of our derivative liabilities to reflect the impact of our own credit quality. Balance Sheet Presentation The following table summarizes the notional amounts and fair values of our derivative instruments as of June 30, 2022 and December 31, 2021, which are segregated by derivatives that are designated as accounting hedges and those that are not, and are further segregated by type of contract within those two categories. The total derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and any associated cash collateral received or pledged. Derivative assets and liabilities are included in other assets and other liabilities, respectively, on our consolidated balance sheets, and their related gains or losses are included in operating activities as changes in other assets and other liabilities in the consolidated statements of cash flows. Table 8.1: Derivative Assets and Liabilities at Fair Value June 30, 2022 December 31, 2021 Notional or Contractual Amount Derivative (1) Notional or Contractual Amount Derivative (1) (Dollars in millions) Assets Liabilities Assets Liabilities Derivatives designated as accounting hedges: Interest rate contracts: Fair value hedges $ 60,231 $ 162 $ 14 $ 49,659 $ 2 $ 3 Cash flow hedges 55,900 133 245 52,400 244 16 Total interest rate contracts 116,131 295 259 102,059 246 19 Foreign exchange contracts: Fair value hedges 1,311 0 192 1,421 13 0 Cash flow hedges 1,936 25 4 4,679 24 20 Net investment hedges 4,092 293 0 3,459 43 0 Total foreign exchange contracts 7,339 318 196 9,559 80 20 Total derivatives designated as accounting hedges 123,470 613 455 111,618 326 39 Derivatives not designated as accounting hedges: Customer accommodation: Interest rate contracts 85,971 427 1,257 71,724 620 194 Commodity contracts 31,172 3,335 2,858 22,021 1,669 1,561 Foreign exchange and other contracts 4,382 87 74 3,779 40 42 Total customer accommodation 121,525 3,849 4,189 97,524 2,329 1,797 Other interest rate exposures (2) 1,405 32 19 1,899 33 25 Other contracts 2,025 6 0 2,028 2 7 Total derivatives not designated as accounting hedges 124,955 3,887 4,208 101,451 2,364 1,829 Total derivatives $ 248,425 $ 4,500 $ 4,663 $ 213,069 $ 2,690 $ 1,868 Less: netting adjustment (3) (1,067) (1,395) (542) (544) Total derivative assets/liabilities $ 3,433 $ 3,268 $ 2,148 $ 1,324 __________ (1) Does not reflect $8 million and $11 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of June 30, 2022 and December 31, 2021 , respectively. Non-performance risk is included in derivative assets and liabilities, which are part of other assets and other liabilities on the consolidated balance sheets, and is offset through non-interest income in the consolidated statements of income. (2) Other interest rate exposures include commercial mortgage-related derivatives and interest rate swaps. (3) Represents balance sheet netting of derivative assets and liabilities, and related payables and receivables for cash collateral held or placed with the same counterparty. The following table summarizes the carrying value of our hedged assets and liabilities in fair value hedges and the associated cumulative basis adjustments included in those carrying values, excluding basis adjustments related to foreign currency risk, as of June 30, 2022 and December 31, 2021. Table 8.2: Hedged Items in Fair Value Hedging Relationships June 30, 2022 December 31, 2021 Carrying Amount Assets/(Liabilities) Cumulative Amount of Basis Adjustments Included in the Carrying Amount Carrying Amount Assets/(Liabilities) Cumulative Amount of Basis Adjustments Included in the Carrying Amount (Dollars in millions) Total Assets/(Liabilities) Discontinued-Hedging Relationships Total Assets/(Liabilities) Discontinued-Hedging Relationships Line item on our consolidated balance sheets in which the hedged item is included: Investment securities available for sale (1)(2) $ 7,875 $ 24 $ 239 $ 10,327 $ 286 $ 295 Interest-bearing deposits (10,936) 142 (1) (7,361) (47) (1) Securitized debt obligations (13,173) 472 0 (11,155) 49 3 Senior and subordinated notes (26,660) 780 (616) (22,777) (531) (708) __________ (1) These amounts include the amortized cost basis of our investment securities designated in hedging relationships for which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. The amortized cost basis of this portfolio was $238 million and $247 million, the amount of the designated hedged items was $225 million and $225 million, and the cumulative basis adjustments associated with these hedges was $11 million and $3 million as of June 30, 2022 and December 31, 2021, respectively. (2) Carrying value represents amortized cost. Balance Sheet Offsetting of Financial Assets and Liabilities Derivative contracts and repurchase agreements that we execute bilaterally in the OTC market are generally governed by enforceable master netting agreements where we generally have the right to offset exposure with the same counterparty. Either counterparty can generally request to net settle all contracts through a single payment upon default on, or termination of, any one contract. We elect to offset the derivative assets and liabilities under master netting agreements for balance sheet presentation where a right of setoff exists. For derivative contracts entered into under master netting agreements for which we have not been able to confirm the enforceability of the setoff rights, or those not subject to master netting agreements, we do not offset our derivative positions for balance sheet presentation. The following table presents the gross and net fair values of our derivative assets, derivative liabilities, resale and repurchase agreements and the related offsetting amounts permitted under U.S. GAAP as of June 30, 2022 and December 31, 2021. The table also includes cash and non-cash collateral received or pledged in accordance with such arrangements. The amount of collateral presented, however, is limited to the amount of the related net derivative fair values or outstanding balances; therefore, instances of over-collateralization are excluded. Table 8.3: Offsetting of Financial Assets and Financial Liabilities Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts as Recognized Securities Collateral Held Under Master Netting Agreements Net Exposure (Dollars in millions) Financial Instruments Cash Collateral Received As of June 30, 2022 Derivative assets (1) $ 4,500 $ (485) $ (582) $ 3,433 $ 0 $ 3,433 As of December 31, 2021 Derivative assets (1) 2,690 (252) (290) 2,148 0 2,148 Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts as Recognized Securities Collateral Pledged Under Master Netting Agreements Net Exposure (Dollars in millions) Financial Instruments Cash Collateral Pledged As of June 30, 2022 Derivative liabilities (1) $ 4,663 $ (485) $ (910) $ 3,268 $ 0 $ 3,268 Repurchase agreements (2) 440 0 0 440 (440) 0 As of December 31, 2021 Derivative liabilities (1) 1,868 (252) (292) 1,324 0 1,324 Repurchase agreements (2) 820 0 0 820 (820) 0 __________ (1) We received cash collateral from derivative counterparties totaling $725 million and $377 million as of June 30, 2022 and December 31, 2021, respectively. We also received securities from derivative counterparties with a fair value of $28 million for June 30, 2022 and approximately $1 million for December 31, 2021, respectively, which we have the ability to re-pledge. We posted $4.3 billion and $2.0 billion of cash collateral as of June 30, 2022 and December 31, 2021, respectively. (2) Under our customer repurchase agreements, which mature the next business day, we pledged collateral with a fair value of $449 million and $836 million as of June 30, 2022 and December 31, 2021, respectively, primarily consisting of agency RMBS securities. Income Statement and AOCI Presentation Fair Value and Cash Flow Hedges The net gains (losses) recognized in our consolidated statements of income related to derivatives in fair value and cash flow hedging relationships are presented below for the three and six months ended June 30, 2022 and 2021. Table 8.4: Effects of Fair Value and Cash Flow Hedge Accounting Three Months Ended June 30, 2022 Net Interest Income Non-Interest Income (Dollars in millions) Investment Securities Loans, Including Loans Held for Sale Other Interest-bearing Deposits Securitized Debt Obligations Senior and Subordinated Notes Other Total amounts presented in our consolidated statements of income $ 435 $ 6,605 $ 55 $ (293) $ (65) $ (194) $ 99 Fair value hedging relationships: Interest rate and foreign exchange contracts: Interest recognized on derivatives $ 8 $ 0 $ 0 $ 21 $ 6 $ 13 $ 0 Gains (losses) recognized on derivatives 36 0 0 (73) (119) (376) (74) Gains (losses) recognized on hedged items (1) (61) 0 0 74 120 413 73 Excluded component of fair value hedges (2) 0 0 0 0 0 0 0 Net income (expense) recognized on fair value hedges $ (17) $ 0 $ 0 $ 22 $ 7 $ 50 $ (1) Three Months Ended June 30, 2022 Net Interest Income Non-Interest Income (Dollars in millions) Investment Securities Loans, Including Loans Held for Sale Other Interest-bearing Deposits Securitized Debt Obligations Senior and Subordinated Notes Other Cash flow hedging relationships: (3) Interest rate contracts: Realized gains reclassified from AOCI into net income $ 0 $ 63 $ 0 $ 0 $ 0 $ 0 $ 0 Foreign exchange contracts: Realized gains (losses) reclassified from AOCI into net income (4) 0 0 (1) 0 0 0 0 Net income (expense) recognized on cash flow hedges $ 0 $ 63 $ (1) $ 0 $ 0 $ 0 $ 0 Six Months Ended June 30, 2022 Net Interest Income Non-Interest Income (Dollars in millions) Investment Securities Loans, Including Loans Held for Sale Other Interest-bearing Deposits Securitized Debt Obligations Senior and Subordinated Notes Other Total amounts presented in our consolidated statements of income $ 837 $ 12,972 $ 70 $ (511) $ (94) $ (325) $ 442 Fair value hedging relationships: Interest rate and foreign exchange contracts: Interest recognized on derivatives $ 0 $ 0 $ 0 $ 42 $ 33 $ 51 $ 0 Gains (losses) recognized on derivatives 211 0 0 (188) (424) (1,232) (112) Gains (losses) recognized on hedged items (1) (262) 0 0 189 423 1,309 111 Excluded component of fair value hedges (2) 0 0 0 0 0 (1) 0 Net income (expense) recognized on fair value hedges $ (51) $ 0 $ 0 $ 43 $ 32 $ 127 $ (1) Cash flow hedging relationships: (3) Interest rate contracts: Realized gains reclassified from AOCI into net income $ 0 $ 190 $ 0 $ 0 $ 0 $ 0 $ 0 Foreign exchange contracts: Realized gains (losses) reclassified from AOCI into net income (4) 0 0 (1) 0 0 0 0 Net income (expense) recognized on cash flow hedges $ 0 $ 190 $ (1) $ 0 $ 0 $ 0 $ 0 Three Months Ended June 30, 2021 Net Interest Income Non-Interest Income (Dollars in millions) Investment Securities Loans, Including Loans Held for Sale Other Interest-bearing Deposits Securitized Debt Obligations Senior and Subordinated Notes Other Total amounts presented in our consolidated statements of income $ 370 $ 5,753 $ 16 $ (237) $ (28) $ (122) $ 231 Fair value hedging relationships: Interest rate and foreign exchange contracts: Interest recognized on derivatives $ (25) $ 0 $ 0 $ 34 $ 30 $ 56 $ 0 Gains (losses) recognized on derivatives 11 0 0 (31) (17) 0 16 Gains (losses) recognized on hedged items (1) (18) 0 0 31 11 33 (16) Excluded component of fair value hedges (2) 0 0 0 0 0 0 0 Net income (expense) recognized on fair value hedges $ (32) $ 0 $ 0 $ 34 $ 24 $ 89 $ 0 Cash flow hedging relationships: (3) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income $ 11 $ 234 $ 0 $ 0 $ 0 $ 0 $ 0 Foreign exchange contracts: Realized gains (losses) reclassified from AOCI into net income (4) 0 0 0 0 0 0 1 Net income (expense) recognized on cash flow hedges $ 11 $ 234 $ 0 $ 0 $ 0 $ 0 $ 1 Six Months Ended June 30, 2021 Net Interest Income Non-Interest Income (Dollars in millions) Investment Securities Loans, Including Loans Held for Sale Other Interest-bearing Deposits Securitized Debt Obligations Senior and Subordinated Notes Other Total amounts presented in our consolidated statements of income $ 761 $ 11,607 $ 32 $ (506) $ (60) $ (251) $ 353 Fair value hedging relationships: Interest rate and foreign exchange contracts: Interest recognized on derivatives $ (50) $ 0 $ 0 $ 70 $ 63 $ 118 $ 0 Gains (losses) recognized on derivatives 111 0 0 (89) (97) (336) (45) Gains (losses) recognized on hedged items (1) (123) 0 0 89 86 401 45 Excluded component of fair value hedges (2) 0 0 0 0 0 (1) 0 Net income (expense) recognized on fair value hedges $ (62) $ 0 $ 0 $ 70 $ 52 $ 182 $ 0 Cash flow hedging relationships: (3) Interest rate contracts: Realized gains reclassified from AOCI into net income $ 20 $ 460 $ 0 $ 0 $ 0 $ 0 $ 0 Foreign exchange contracts: Realized gains (losses) reclassified from AOCI into net income (4) 0 0 1 0 0 0 1 Net income (expense) recognized on cash flow hedges $ 20 $ 460 $ 1 $ 0 $ 0 $ 0 $ 1 _________ (1) Includes amortization benefit of $17 million and $34 million for the three and six months ended June 30, 2022, respectively, and amortization benefit of $22 million and $44 million for the three and six months ended June 30, 2021, respectively, related to basis adjustments on discontinued hedges. (2) Changes in fair values of cross-currency swaps attributable to changes in cross-currency basis spreads are excluded from the assessment of hedge effectiveness and recorded in other comprehensive income. The initial value of the excluded component is recognized in earnings over the life of the swap under the amortization approach. (3) See “Note 9—Stockholders’ Equity” for the effects of cash flow and net investment hedges on AOCI and amounts reclassified to net income, net of tax. (4) We recognized a gain of $31 million and $18 million for the three and six months ended June 30, 2022, respectively, and a gain of $77 million and $162 million for the three and six months ended June 30, 2021, respectively, on foreign exchange contracts reclassified from AOCI. These amounts were largely offset by the foreign currency transaction gains (losses) on our foreign currency denominated intercompany funding included in other non-interest income on our consolidated statements of income. In the next 12 months, we expect to reclassify into earnings a net after-tax loss of $431 million recorded in AOCI as of June 30, 2022. This amount will offset the cash flows associated with hedged forecasted transactions. The maximum length of time over which forecasted transactions were hedged was approximately 5.7 years as of June 30, 2022. The amount we expect to reclassify into earnings may change as a result of changes in market conditions and ongoing actions taken as part of our overall risk management strategy. Free-Standing Derivatives The net impacts to our consolidated statements of income related to free-standing derivatives are presented below for the three and six months ended June 30, 2022 and 2021. These gains or losses are recognized in other non-interest income on our consolidated statements of income. Table 8.5: Gains (Losses) on Free-Standing Derivatives Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2022 2021 2022 2021 Gains (losses) recognized in other non-interest income: Customer accommodation: Interest rate contracts $ 11 $ 8 $ 20 $ 18 Commodity contracts 11 4 17 9 Foreign exchange and other contracts 3 4 4 8 Total customer accommodation 25 16 41 35 Other interest rate exposures (12) (27) 14 (16) Other contracts (7) (1) (5) (1) Total $ 6 $ (12) $ 50 $ 18

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Stockholders' Equity	NOTE 9—STOCKHOLDERS’ EQUITY Preferred Stock The following table summarizes our preferred stock outstanding as of June 30, 2022 and December 31, 2021. Table 9.1: Preferred Stock Outstanding (1) Redeemable by Issuer Beginning Per Annum Dividend Rate Dividend Frequency Liquidation Preference per Share Total Shares Outstanding Carrying Value Series Description Issuance Date June 30, 2022 December 31, 2021 Series I 5.000% September 11, 2019 December 1, 2024 5.000% Quarterly $ 1,000 1,500,000 $ 1,462 $ 1,462 Series J 4.800% January 31, 2020 June 1, 2025 4.800 Quarterly 1,000 1,250,000 1,209 1,209 Series K 4.625% September 17, 2020 December 1, 2025 4.625 Quarterly 1,000 125,000 122 122 Series L 4.375% May 4, 2021 September 1, 2026 4.375 Quarterly 1,000 675,000 652 652 Series M 3.950% Fixed Rate Reset June 10, 2021 September 1, 2026 3.950% through 8/31/2026; resets 9/1/2026 and every subsequent 5 year anniversary at 5-Year Treasury Rate +3.157% Quarterly 1,000 1,000,000 988 988 Series N 4.250% July 29, 2021 September 1, 2026 4.250% Quarterly 1,000 425,000 412 412 Total $ 4,845 $ 4,845 __________ (1) Except for Series M , ownership is held in the form of depositary shares, each representing a 1/40th interest in a share of fixed-rate non-cumulative perpetual preferred stock. Accumulated Other Comprehensive Income AOCI primarily consists of accumulated net unrealized gains or losses associated with securities available for sale, changes in fair value of derivatives in hedging relationships and foreign currency translation adjustments. The following table includes the changes in AOCI by component for the three and six months ended June 30, 2022, and 2021. Table 9.2: AOCI Three Months Ended June 30, 2022 (Dollars in millions) Securities Available for Sale Hedging Relationships (1) Foreign Currency Translation Adjustments (2) Other Total AOCI as of March 31, 2022 $ (2,956) $ (1,091) $ (26) $ (20) $ (4,093) Other comprehensive income (loss) before reclassifications (2,293) (412) (52) 0 (2,757) Amounts reclassified from AOCI into earnings 5 (71) 0 0 (66) Other comprehensive income (loss), net of tax (2,288) (483) (52) 0 (2,823) AOCI as of June 30, 2022 $ (5,244) $ (1,574) $ (78) $ (20) $ (6,916) Six Months Ended June 30, 2022 (Dollars in millions) Securities Available for Sale Hedging Relationships (1) Foreign Currency Translation Adjustments (2) Other Total AOCI as of December 31, 2021 $ 297 $ 118 $ (21) $ (20) $ 374 Other comprehensive income (loss) before reclassifications (5,546) (1,535) (57) 0 (7,138) Amounts reclassified from AOCI into earnings 5 (157) 0 0 (152) Other comprehensive income (loss), net of tax (5,541) (1,692) (57) 0 (7,290) AOCI as of June 30, 2022 $ (5,244) $ (1,574) $ (78) $ (20) $ (6,916) Three Months Ended June 30, 2021 (Dollars in millions) Securities Available for Sale Hedging Relationships (1) Foreign Currency Translation Adjustments (2) Other Total AOCI as of March 31, 2021 $ 1,038 $ 781 $ (12) $ (24) $ 1,783 Other comprehensive income (loss) before reclassifications 51 193 9 0 253 Amounts reclassified from AOCI into earnings 0 (244) 0 0 (244) Other comprehensive income (loss), net of tax 51 (51) 9 0 9 AOCI as of June 30, 2021 $ 1,089 $ 730 $ (3) $ (24) $ 1,792 Six Months Ended June 30, 2021 (Dollars in millions) Securities Available for Sale Hedging Relationships (1) Foreign Currency Translation Adjustments (2) Other Total AOCI as of December 31, 2020 $ 2,186 $ 1,362 $ (31) $ (23) $ 3,494 Other comprehensive income (loss) before reclassifications (1,094) (145) 28 0 (1,211) Amounts reclassified from AOCI into earnings (3) (487) 0 (1) (491) Other comprehensive income (loss), net of tax (1,097) (632) 28 (1) (1,702) AOCI as of June 30, 2021 $ 1,089 $ 730 $ (3) $ (24) $ 1,792 __________ (1) Includes amounts related to cash flow hedges as well as the excluded component of cross-currency swaps designated as fair value hedges. (2) Includes other comprehensive gains of $174 million and $222 million for the three and six months ended June 30, 2022, respectively, and other comprehensive loss of $13 million and $34 million for the three and six months ended June 30, 2021, respectively, from hedging instruments designated as net investment hedges. The following table presents amounts reclassified from each component of AOCI to our consolidated statements of income for the three and six months ended June 30, 2022 and 2021. Table 9.3: Reclassifications from AOCI (Dollars in millions) Three Months Ended June 30, Six Months Ended June 30, AOCI Components Affected Income Statement Line Item 2022 2021 2022 2021 Securities available for sale: Non-interest income (loss) $ (6) $ 0 $ (6) $ 4 Income tax provision (benefit) (1) 0 (1) 1 Net income (loss) (5) 0 (5) 3 (Dollars in millions) Three Months Ended June 30, Six Months Ended June 30, AOCI Components Affected Income Statement Line Item 2022 2021 2022 2021 Hedging relationships: Interest rate contracts: Interest income 63 245 190 480 Foreign exchange contracts: Interest income (1) 0 (1) 1 Interest expense 0 (1) (1) (2) Non-interest income 31 77 18 162 Income from continuing operations before income taxes 93 321 206 641 Income tax provision 22 77 49 154 Net income 71 244 157 487 Other: Non-interest income and non-interest expense 0 0 0 1 Net income 0 0 0 1 Total reclassifications $ 66 $ 244 $ 152 $ 491 The table below summarizes other comprehensive income (loss) activity and the related tax impact for the three and six months ended June 30, 2022 and 2021. Table 9.4: Other Comprehensive Income (Loss) Three Months Ended June 30, 2022 2021 (Dollars in millions) Before Provision After Before Provision After Other comprehensive income (loss): Net unrealized gains (losses) on securities available for sale $ (3,012) $ (724) $ (2,288) $ 66 $ 15 $ 51 Net unrealized losses on hedging relationships (634) (151) (483) (68) (17) (51) Foreign currency translation adjustments (1) 4 56 (52) 4 (5) 9 Other 0 0 0 0 0 0 Other comprehensive income (loss) $ (3,642) $ (819) $ (2,823) $ 2 $ (7) $ 9 Six Months Ended June 30, 2022 2021 (Dollars in millions) Before Provision After Before Provision After Other comprehensive income (loss): Net unrealized losses on securities available for sale $ (7,299) $ (1,758) $ (5,541) $ (1,446) $ (349) $ (1,097) Net unrealized losses on hedging relationships (2,227) (535) (1,692) (834) (202) (632) Foreign currency translation adjustments (1) 14 71 (57) 17 (11) 28 Other 0 0 0 (1) 0 (1) Other comprehensive loss $ (9,512) $ (2,222) $ (7,290) $ (2,264) $ (562) $ (1,702) __________ (1) Includes the impact of hedging instruments designated as net investment hedges.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share	NOTE 10—EARNINGS PER COMMON SHARE The following table sets forth the computation of basic and diluted earnings per common share. Table 10.1: Computation of Basic and Diluted Earnings per Common Share Three Months Ended June 30, Six Months Ended June 30, (Dollars and shares in millions, except per share data) 2022 2021 2022 2021 Income from continuing operations, net of tax $ 2,031 $ 3,537 $ 4,434 $ 6,864 Income (loss) from discontinued operations, net of tax 0 (1) 0 (3) Net income 2,031 3,536 4,434 6,861 Dividends and undistributed earnings allocated to participating securities (25) (30) (53) (58) Preferred stock dividends (57) (60) (114) (121) Net income available to common stockholders $ 1,949 $ 3,446 $ 4,267 $ 6,682 Total weighted-average basic common shares outstanding 391.2 450.6 400.8 454.6 Effect of dilutive securities: (1) Stock options 0.4 0.8 0.4 0.8 Other contingently issuable shares 1.0 0.9 1.1 0.8 Total effect of dilutive securities 1.4 1.7 1.5 1.6 Total weighted-average diluted common shares outstanding 392.6 452.3 402.3 456.2 Basic earnings per common share: Net income from continuing operations $ 4.98 $ 7.65 $ 10.65 $ 14.70 Net income per basic common share $ 4.98 $ 7.65 $ 10.65 $ 14.70 Diluted earnings per common share: (1) Net income from continuing operations $ 4.96 $ 7.62 $ 10.61 $ 14.65 Net income per diluted common share $ 4.96 $ 7.62 $ 10.61 $ 14.65 __________ (1) Excluded from the computation of diluted earnings per share were awards of 37 thousand shares and awards of 19 thousand for the three and six months ended June 30, 2022, respectively, because their inclusion would be anti-dilutive. There were no shares excluded from the computation of dilutive earnings per share for the three months ended June 30, 2021. For the six months ended June 30, 2021 , awards of 51 thousand shares were excluded from the computation of diluted earnings per share.

Fair Value Measurement

Fair Value Measurement	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurement	NOTE 11—FAIR VALUE MEASUREMENT Fair value, also referred to as an exit price, is defined as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The fair value accounting guidance provides a three-level fair value hierarchy for classifying financial instruments. This hierarchy is based on the markets in which the assets or liabilities trade and whether the inputs to the valuation techniques used to measure fair value are observable or unobservable. The fair value measurement of a financial asset or liability is assigned a level based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are described below: Level 1: Valuation is based on quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Valuation is based on observable market-based inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Valuation is generated from techniques that use significant assumptions not observable in the market. Valuation techniques include pricing models, discounted cash flow (“DCF”) methodologies or similar techniques. The accounting guidance for fair value measurements requires that we maximize the use of observable inputs and minimize the use of unobservable inputs in determining fair value. The accounting guidance provides for the irrevocable option to elect, on a contract-by-contract basis, to measure certain financial assets and liabilities at fair value at inception of the contract and record any subsequent changes in fair value in earnings. The determination and classification of financial instruments in the fair value hierarchy is performed at the end of each reporting period. We consider all available information, including observable market data, indications of market liquidity and orderliness, and our understanding of the valuation techniques and significant inputs. For additional information on the valuation techniques used in estimating the fair value of our financial assets and liabilities on a recurring basis, see “Note 16—Fair Value Measurement” in our 2021 Form 10-K . Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table displays our assets and liabilities measured on our consolidated balance sheets at fair value on a recurring basis as of June 30, 2022 and December 31, 2021. Table 11.1: Assets and Liabilities Measured at Fair Value on a Recurring Basis June 30, 2022 Fair Value Measurements Using Netting Adjustments (1) (Dollars in millions) Level 1 Level 2 Level 3 Total Assets: Securities available for sale: U.S. Treasury securities $ 8,624 $ 0 $ 0 — $ 8,624 RMBS 0 65,287 240 — 65,527 CMBS 0 7,561 13 — 7,574 Other securities 191 1,106 0 — 1,297 Total securities available for sale 8,815 73,954 253 — 83,022 Loans held for sale 0 767 0 — 767 Other assets: Derivative assets (2) 792 3,577 131 $ (1,067) 3,433 Other (3) 441 3 37 — 481 Total assets $ 10,048 $ 78,301 $ 421 $ (1,067) $ 87,703 Liabilities: Other liabilities: Derivative liabilities (2) $ 1,416 $ 3,104 $ 143 $ (1,395) $ 3,268 Total liabilities $ 1,416 $ 3,104 $ 143 $ (1,395) $ 3,268 December 31, 2021 Fair Value Measurements Using Netting Adjustments (1) (Dollars in millions) Level 1 Level 2 Level 3 Total Assets: Securities available for sale: U.S. Treasury securities $ 9,442 $ 0 $ 0 — $ 9,442 RMBS 0 73,358 258 — 73,616 CMBS 0 9,360 9 — 9,369 Other securities 206 2,628 0 — 2,834 Total securities available for sale 9,648 85,346 267 — 95,261 Loans held for sale 0 1,026 0 — 1,026 Other assets: Derivative assets (2) 406 2,200 84 $ (542) 2,148 Other (3) 526 6 41 — 573 Total assets $ 10,580 $ 88,578 $ 392 $ (542) $ 99,008 Liabilities: Other liabilities: Derivative liabilities (2) $ 838 $ 965 $ 65 $ (544) $ 1,324 Total liabilities $ 838 $ 965 $ 65 $ (544) $ 1,324 __________ (1) Represents balance sheet netting of derivative assets and liabilities, and related payables and receivables for cash collateral held or placed with the same counterparty. See “Note 8—Derivative Instruments and Hedging Activities” for additional information. (2) Does not reflect $8 million and $11 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of June 30, 2022 and December 31, 2021, respectively. Non-performance risk is included in derivative assets and liabilities, which are part of other assets and other liabilities on the consolidated balance sheets, and is recorded through non-interest income in the consolidated statements of income. (3) As of June 30, 2022 and December 31, 2021, other includes retained interests in securitizations o f $37 million and $41 million, deferred compensation plan assets of $432 million and $490 million, and equity securities of $12 million (including unrealiz ed loss of $19 million) and $42 million (including unrealized loss of $36 million), respectively. Level 3 Recurring Fair Value Rollforward The table below presents a reconciliation for all assets and liabilities measured and recognized at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2022 and 2021. Generally, transfers into Level 3 were primarily driven by the usage of unobservable assumptions in the pricing of these financial instruments as evidenced by wider pricing variations among pricing vendors and transfers out of Level 3 were primarily driven by the usage of assumptions corroborated by market observable information as evidenced by tighter pricing among multiple pricing sources. Table 11.2: Level 3 Recurring Fair Value Rollforward Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended June 30, 2022 Total Gains (Losses) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2022 (1) (Dollars in millions) Balance, April 1, 2022 Included in Net Income (1) Included in OCI Purchases Sales Issuances Settlements Transfers Transfers Balance, June 30, 2022 Securities available for sale: (2) RMBS $ 211 $ 3 $ (8) $ 0 $ 0 $ 0 $ (15) $ 72 $ (23) $ 240 $ 2 CMBS 21 0 (1) 0 0 0 (4) 0 (3) 13 0 Total securities available for sale 232 3 (9) 0 0 0 (19) 72 (26) 253 2 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended June 30, 2022 Total Gains (Losses) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2022 (1) (Dollars in millions) Balance, April 1, 2022 Included in Net Income (1) Included in OCI Purchases Sales Issuances Settlements Transfers Transfers Balance, June 30, 2022 Other assets: Retained interests in securitizations 39 (2) 0 0 0 0 0 0 0 37 (2) Net derivative assets (liabilities) (3) 22 (46) 0 0 0 8 4 0 0 (12) (18) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Six Months Ended June 30, 2022 Total Gains (Losses) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2022 (1) (Dollars in millions) Balance, January 1, 2022 Included in Net Income (1) Included in OCI Purchases Sales Issuances Settlements Transfers Transfers Balance, June 30, 2022 Securities available for sale: (2) RMBS $ 258 $ 13 $ (20) $ 0 $ 0 $ 0 $ (43) $ 84 $ (52) $ 240 $ 5 CMBS 9 0 (1) 0 0 0 (5) 13 (3) 13 (1) Total securities available for sale 267 13 (21) 0 0 0 (48) 97 (55) 253 4 Other assets: Retained interests in securitizations 41 (4) 0 0 0 0 0 0 0 37 (4) Net derivative assets (liabilities) (3) 19 (41) 0 0 0 36 2 (28) 0 (12) (38) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended June 30, 2021 Total Gains (Losses) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2021 (1) (Dollars in millions) Balance, April 1, 2021 Included in Net Income (1) Included in OCI Purchases Sales Issuances Settlements Transfers Transfers Balance, June 30, 2021 Securities available for sale: (2) RMBS $ 326 $ 4 $ 2 $ 0 $ 0 $ 0 $ (25) $ 45 $ (63) $ 289 $ 4 CMBS 10 0 0 0 0 0 0 0 (1) 9 0 Total securities available for sale 336 4 2 0 0 0 (25) 45 (64) 298 4 Other assets: Retained interests in securitizations 50 (4) 0 0 0 0 0 0 0 46 (4) Net derivative assets (liabilities) (3) 34 11 0 0 0 (16) (15) 6 (1) 19 11 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Six Months Ended June 30, 2021 Total Gains (Losses) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2021 (1) (Dollars in millions) Balance, January 1, 2021 Included in Net Income (1) Included in OCI Purchases Sales Issuances Settlements Transfers Transfers Balance, June 30, 2021 Securities available for sale: (2) RMBS $ 328 $ 11 $ 4 $ 0 $ 0 $ 0 $ (51) $ 84 $ (87) $ 289 $ 8 CMBS 111 0 (2) 0 0 0 (6) 0 (94) 9 0 Total securities available for sale 439 11 2 0 0 0 (57) 84 (181) 298 8 Other assets: Retained interests in securitizations 55 (9) 0 0 0 0 0 0 0 46 (9) Net derivative assets (liabilities) (3) 31 (10) 0 0 0 22 (29) 6 (1) 19 8 _________ (1) Realized gains (losses) on securities available for sale are included in net securities gains (losses) and retained interests in securitizations are reported as a component of non-interest income in our consolidated statements of income. Gains (losses) on derivatives are included as a component of net interest income or non-interest income in our consolidated statements of income. (2) For the three and six months ended June 30, 2022 included in OCI related to Level 3 securities available for sale still held as of June 30, 2022 were net unrealized losses of $11 million and $20 million . For the three and six months ended June 30, 2021, included in OCI related to Level 3 securities available for sale still held as of June 30, 2021 were net unrealized losses of $1 million and net unrealized gains of $2 million, respectively. (3) Includes derivative assets and liabilities of $131 million and $143 million, respectively, as of June 30, 2022 and $129 million and $110 million, respectively, as of June 30, 2021. Significant Level 3 Fair Value Asset and Liability Inputs Generally, uncertainties in fair value measurements of financial instruments, such as changes in unobservable inputs, may have a significant impact on fair value. Certain of these unobservable inputs will, in isolation, have a directionally consistent impact on the fair value of the instrument for a given change in that input. Alternatively, the fair value of the instrument may move in an opposite direction for a given change in another input. In general, an increase in the discount rate, default rates, loss severity or credit spreads, in isolation, would result in a decrease in the fair value measurement. In addition, an increase in default rates would generally be accompanied by a decrease in recovery rates, slower prepayment rates and an increase in liquidity spreads, and would lead to a decrease in the fair value measurement. Techniques and Inputs for Level 3 Fair Value Measureme nts The following table presents the significant unobservable inputs used to determine the fair values of our Level 3 financial instruments on a recurring basis. We utilize multiple vendor pricing services to obtain fair value for our securities. Several of our vendor pricing services are only able to provide unobservable input information for a limited number of securities due to software licensing restrictions. Other vendor pricing services are able to provide unobservable input information for all securities for which they provide a valuation. As a result, the unobservable input information for the securities available for sale presented below represents a composite summary of all information we are able to obtain. The unobservable input information for all other Level 3 financial instruments is based on the assumptions used in our internal valuation models. Table 11.3: Quantitative Information about Level 3 Fair Value Measurements Quantitative Information about Level 3 Fair Value Measurements (Dollars in millions) Fair Value at Significant Significant Range Weighted Average (1) Securities available for sale: RMBS $ 240 Discounted cash flows (vendor pricing) Yield 0-14% 6-25% 0-11% 30-80% 5% 10% 2% 61% CMBS 13 Discounted cash flows (vendor pricing) Yield 2-4% 4% Other assets: Retained interests in securitizations (2) 37 Discounted cash flows Life of receivables (months) 30-37 9-18% 4-8% 1-3% 80-291% N/A Net derivative assets (liabilities) (12) Discounted cash flows Swap rates 3% 3% Quantitative Information about Level 3 Fair Value Measurements (Dollars in millions) Fair Value at Significant Significant Range Weighted Average (1) Securities available for sale: RMBS $ 258 Discounted cash flows (vendor pricing) Yield 0-21% 5-40% 1-11% 30-100% 3% 11% 2% 65% CMBS 9 Discounted cash flows (vendor pricing) Yield 1-2% 1% Other assets: Retained interests in securitizations (2) 41 Discounted cash flows Life of receivables (months) 29-36 9-18% 2-8% 3-4% 72-151% N/A Net derivative assets (liabilities) 19 Discounted cash flows Swap rates 1-2% 2% __________ (1) Weighted averages are calculated by using the product of the input multiplied by the relative fair value of the instruments. (2) Due to the nature of the various mortgage securitization structures in which we have retained interests, it is not meaningful to present a consolidated weighted average for the significant unobservable inputs. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis We are required to measure and recognize certain assets at fair value on a nonrecurring basis on the consolidated balance sheets. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, from the application of lower of cost or fair value accounting or when we evaluate for impairment). The following table presents the carrying value of the assets measured at fair value on a nonrecurring basis and still held as of June 30, 2022 and December 31, 2021, and for which a nonrecurring fair value measurement was recorded during the six and twelve months then ended. Table 11.4: Nonrecurring Fair Value Measurements June 30, 2022 Estimated Fair Value Hierarchy Total (Dollars in millions) Level 2 Level 3 Loans held for investment $ 0 $ 205 $ 205 Loans held for sale 91 0 91 Other assets (1) 0 91 91 Total $ 91 $ 296 $ 387 December 31, 2021 Estimated Fair Value Hierarchy Total (Dollars in millions) Level 2 Level 3 Loans held for investment $ 0 $ 194 $ 194 Loans held for sale 118 0 118 Other assets (1) 0 325 325 Total $ 118 $ 519 $ 637 __________ (1) As of June 30, 2022, other assets included investments accounted for under measurement alternative of $1 million, repossessed assets of $52 million and long-lived assets held for sale of $38 million. As of December 31, 2021, other assets included equity method investments of $50 million, investments accounted for under measurement alternative of $29 million, repossessed assets of $40 million and long-lived assets held for sale of $206 million. In the above table, loans held for investment are generally valued based in part on the estimated fair value of the underlying collateral and the non-recoverable rate, which is considered to be a significant unobservable input. The non-recoverable rate ranged fro m 0% to 100%, with a weighted average of 20%, a nd from 0% to 100%, with a weighted average of 13%, as of June 30, 2022 and December 31, 2021, respectively. The weighted average non-recoverable rate is calculated based on the estimated market value of the underlying collateral. The significant unobservable inputs and related quantitative information related to fair value of the other assets are not meaningful to disclose as they vary significantly across properties and collateral. The following table presents total nonrecurring fair value measurements for the period, included in earnings, attributable to the change in fair value relating to assets that are still held at June 30, 2022 and 2021. Table 11.5: Nonrecurring Fair Value Measurements Included in Earnings Total Gains (Losses) Six Months Ended June 30, (Dollars in millions) 2022 2021 Loans held for investment $ 31 $ (97) Loans held for sale (6) 0 Other assets (1) (28) (61) Total $ (3) $ (158) __________ (1) Other assets include fair value adjustments related to repossessed assets, long-lived assets held for sale and equity investments accounted for under the measurement alternative. Fair Value of Financial Instruments The following table presents the carrying value and estimated fair value, including the level within the fair value hierarchy, of our financial instruments that are not measured at fair value on a recurring basis on our consolidated balance sheets as of June 30, 2022 and December 31, 2021. Table 11.6: Fair Value of Financial Instruments June 30, 2022 Carrying Estimated Estimated Fair Value Hierarchy (Dollars in millions) Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 21,553 $ 21,553 $ 4,825 $ 16,728 $ 0 Restricted cash for securitization investors 697 697 697 0 0 Net loans held for investment 284,893 287,254 0 0 287,254 Loans held for sale 108 110 0 110 0 Interest receivable 1,611 1,611 0 1,611 0 Other investments (1) 1,735 1,735 0 1,735 0 Financial liabilities: Deposits with defined maturities 22,225 22,026 0 22,026 0 Securitized debt obligations 17,466 17,446 0 17,446 0 Senior and subordinated notes 30,489 30,152 0 30,152 0 Federal funds purchased and securities loaned or sold under agreements to repurchase 440 440 0 440 0 Other borrowings (2) 10,500 10,501 0 10,501 0 Interest payable 333 333 0 333 0 December 31, 2021 Carrying Estimated Estimated Fair Value Hierarchy (Dollars in millions) Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 21,746 $ 21,746 $ 4,164 $ 17,582 $ 0 Restricted cash for securitization investors 308 308 308 0 0 Net loans held for investment 265,910 270,508 0 0 270,508 Loans held for sale 4,862 5,091 0 5,091 0 Interest receivable 1,460 1,460 0 1,460 0 Other investments (1) 1,344 1,344 0 1,344 0 Financial liabilities: Deposits with defined maturities 17,923 18,062 0 18,062 0 Securitized debt obligations 14,994 15,122 0 15,122 0 Senior and subordinated notes 27,219 27,842 0 27,842 0 Federal funds purchased and securities loaned or sold under agreements to repurchase 820 820 0 820 0 Interest payable 281 281 0 281 0 __________ (1) Other investments include FHLB and Federal Reserve stock. These investments are included in other assets on our consolidated balance sheets. (2) Other borrowings exclude capital lease obligations.

Business Segments and Revenue f

Business Segments and Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Business Segments and Revenue from Contracts with Customers	NOTE 12—BUSINESS SEGMENTS AND REVENUE FROM CONTRACTS WITH CUSTOMERS Our principal operations are organized into three major business segments, which are defined primarily based on the products and services provided or the types of customers served: Credit Card, Consumer Banking and Commercial Banking. The operations of acquired businesses have been integrated into or managed as a part of our existing business segments. Certain activities that are not part of a segment, such as management of our corporate investment portfolio, asset/liability management by our centralized Corporate Treasury group and residual tax expense or benefit to arrive at the consolidated effective tax rate that is not assessed to our primary business segments, are included in the Other category. Basis of Presentation We report the results of each of our business segments on a continuing operations basis. The results of our individual businesses reflect the manner in which management evaluates performance and makes decisions about funding our operations and allocating resources. Business Segment Reporting Methodology The results of our business segments are intended to present each segment as if it were a stand-alone business. Our internal management and reporting process used to derive our segment results employs various allocation methodologies, including funds transfer pricing, to assign certain balance sheet assets, deposits and other liabilities and their related revenue and expenses directly or indirectly attributable to each business segment. Our funds transfer pricing process provides a funds credit for sources of funds, such as deposits generated by our Consumer Banking and Commercial Banking businesses, and a funds charge for the use of funds by each segment. Due to the integrated nature of our business segments, estimates and judgments have been made in allocating certain revenue and expense items. Transactions between segments are based on specific criteria or approximate third-party rates. We regularly assess the assumptions, methodologies and reporting classifications used for segment reporting, which may result in the implementation of refinements or changes in future periods. We provide additional information on the allocation methodologies used to derive our business segment results in “Note 17—Business Segments and Revenue from Contracts with Customers” in our 2021 Form 10-K. Segment Results and Reconciliation We may periodically change our business segments or reclassify business segment results based on modifications to our management reporting methodologies or changes in organizational alignment. The following table presents our business segment results for the three and six months ended June 30, 2022 and 2021, selected balance sheet data as of June 30, 2022 and 2021, and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, loans held for investment and deposits. Table 12.1: Segment Results and Reconciliation Three Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Net interest income (loss) $ 3,899 $ 2,147 $ 635 $ (164) $ 6,517 Non-interest income (loss) 1,410 96 272 (63) 1,715 Total net revenue (loss) (2) 5,309 2,243 907 (227) 8,232 Provision for credit losses 581 281 222 1 1,085 Non-interest expense 2,771 1,286 485 41 4,583 Income (loss) from continuing operations before income taxes 1,957 676 200 (269) 2,564 Income tax provision (benefit) 466 160 48 (141) 533 Income (loss) from continuing operations, net of tax $ 1,491 $ 516 $ 152 $ (128) $ 2,031 Loans held for investment $ 120,880 $ 81,531 $ 93,973 $ 0 $ 296,384 Deposits 0 255,904 38,844 13,137 307,885 Six Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Net interest income (loss) $ 7,738 $ 4,260 $ 1,242 $ (326) $ 12,914 Non-interest income (loss) 2,868 201 549 (127) 3,491 Total net revenue (loss) (2) 10,606 4,461 1,791 (453) 16,405 Provision (benefit) for credit losses 1,126 411 230 (5) 1,762 Non-interest expense 5,554 2,522 973 85 9,134 Income (loss) from continuing operations before income taxes 3,926 1,528 588 (533) 5,509 Income tax provision (benefit) 935 362 140 (362) 1,075 Income (loss) from continuing operations, net of tax $ 2,991 $ 1,166 $ 448 $ (171) $ 4,434 Loans held for investment $ 120,880 $ 81,531 $ 93,973 $ 0 $ 296,384 Deposits 0 255,904 38,844 13,137 307,885 Three Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Net interest income (loss) $ 3,217 $ 2,101 $ 460 $ (35) $ 5,743 Non-interest income (loss) 1,253 144 257 (23) 1,631 Total net revenue (loss) (2) 4,470 2,245 717 (58) 7,374 Provision (benefit) for credit losses (635) (306) (219) 0 (1,160) Non-interest expense 2,263 1,123 417 163 3,966 Income (loss) from continuing operations before income taxes 2,842 1,428 519 (221) 4,568 Income tax provision (benefit) 672 337 123 (101) 1,031 Income (loss) from continuing operations, net of tax $ 2,170 $ 1,091 $ 396 $ (120) $ 3,537 Loans held for investment $ 101,017 $ 74,759 $ 73,821 $ 0 $ 249,597 Deposits 0 251,155 42,973 12,180 306,308 Six Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Net interest income (loss) $ 6,589 $ 4,131 $ 980 $ (135) $ 11,565 Non-interest income (loss) 2,282 285 497 (142) 2,922 Total net revenue (loss) (2) 8,871 4,416 1,477 (277) 14,487 Provision (benefit) for credit losses (1,127) (432) (422) (2) (1,983) Non-interest expense 4,398 2,240 836 232 7,706 Income (loss) from continuing operations before income taxes 5,600 2,608 1,063 (507) 8,764 Income tax provision (benefit) 1,325 615 251 (291) 1,900 Income (loss) from continuing operations, net of tax $ 4,275 $ 1,993 $ 812 $ (216) $ 6,864 Loans held for investment $ 101,017 $ 74,759 $ 73,821 $ 0 $ 249,597 Deposits 0 251,155 42,973 12,180 306,308 __________ (1) Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reductions to the Other category. (2) Total net revenue was reduced by $211 million and $403 million in the three and six months ended June 30, 2022, respectively, and $175 million and $355 million in the three and six months ended June 30, 2021, respectively, for credit card finance charges and fees charged off as uncollectible. Revenue from Contracts with Customers The majority of our revenue from contracts with customers consists of interchange fees, service charges and other customer-related fees, and other contract revenue. Interchange fees are primarily from our Credit Card business and are recognized upon settlement with the interchange networks, net of rewards earned by customers. Service charges and other customer-related fees within our Consumer Banking business are primarily related to fees earned on consumer deposit accounts for account maintenance and various transaction-based services such as automated teller machine (“ATM”) usage. Service charges and other customer-related fees within our Commercial Banking business are mostly related to fees earned on treasury management and capital markets services. Other contract revenue in our Credit Card business consists primarily of revenue from our partnership arrangements. Other contract revenue in our Consumer Banking business consists primarily of revenue earned on certain marketing and promotional events from our auto dealers. Revenue from contracts with customers is included in non-interest income in our consolidated statements of income. The following table presents revenue from contracts with customers and a reconciliation to non-interest income by business segment for the three and six months ended June 30, 2022 and 2021. Table 12.2: Revenue from Contracts with Customers and Reconciliation to Segment Results Three Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Contract revenue: Interchange fees, net (2) $ 1,093 $ 80 $ 28 $ 0 $ 1,201 Service charges and other customer-related fees 0 21 63 0 84 Other 98 21 3 0 122 Total contract revenue 1,191 122 94 0 1,407 Revenue (reduction) from other sources 219 (26) 178 (63) 308 Total non-interest income (loss) $ 1,410 $ 96 $ 272 $ (63) $ 1,715 Six Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Contract revenue: Interchange fees, net (2) $ 2,030 $ 151 $ 52 $ 1 $ 2,234 Service charges and other customer-related fees 0 47 128 (1) 174 Other 193 38 1 0 232 Total contract revenue 2,223 236 181 0 2,640 Revenue (reduction) from other sources 645 (35) 368 (127) 851 Total non-interest income (loss) $ 2,868 $ 201 $ 549 $ (127) $ 3,491 Three Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Contract revenue: Interchange fees, net (2) $ 925 $ 67 $ 24 $ 0 $ 1,016 Service charges and other customer-related fees 0 45 66 0 111 Other 94 19 1 0 114 Total contract revenue 1,019 131 91 0 1,241 Revenue (reduction) from other sources 234 13 166 (23) 390 Total non-interest income (loss) $ 1,253 $ 144 $ 257 $ (23) $ 1,631 Six Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Contract revenue: Interchange fees, net (2) $ 1,668 $ 124 $ 41 $ 0 $ 1,833 Service charges and other customer-related fees 0 89 116 0 205 Other 164 38 2 0 204 Total contract revenue 1,832 251 159 0 2,242 Revenue (reduction) from other sources 450 34 338 (142) 680 Total non-interest income (loss) $ 2,282 $ 285 $ 497 $ (142) $ 2,922 __________ (1) Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reductions to the Other category. (2) Interchange fees are presented net of customer reward expenses.

Commitments, Contingencies, Gua

Commitments, Contingencies, Guarantees, and Others	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies, Guarantees and Others	NOTE 13—COMMITMENTS, CONTINGENCIES, GUARANTEES AND OTHERS Commitments to Lend Our unfunded lending commitments primarily consist of credit card lines, loan commitments to customers of both our Commercial Banking and Consumer Banking businesses, as well as standby and commercial letters of credit. These commitments, other than credit card lines, are legally binding conditional agreements that have fixed expirations or termination dates and specified interest rates and purposes. The contractual amount of these commitments represents the maximum possible credit risk to us should the counterparty draw upon the commitment. We generally manage the potential risk of unfunded lending commitments by limiting the total amount of arrangements, monitoring the size and maturity structure of these portfolios and applying the same credit standards for all of our credit activities. For unused credit card lines, we have not experienced and do not anticipate that all of our customers will access their entire available line at any given point in time. Commitments to extend credit other than credit card lines generally require customers to maintain certain credit standards. Collateral requirements and loan-to-value (“LTV”) ratios are the same as those for funded transactions and are established based on management’s credit assessment of the customer. These commitments may expire without being drawn upon; therefore, the total commitment amount does not necessarily represent future funding requirements. We also issue letters of credit, such as financial standby, performance standby and commercial letters of credit, to meet the financing needs of our customers. Standby letters of credit are conditional commitments issued by us to guarantee the performance of a customer to a third party in a borrowing arrangement. Commercial letters of credit are short-term commitments issued primarily to facilitate trade finance activities for customers and are generally collateralized by the goods being shipped to the customer. These collateral requirements are similar to those for funded transactions and are established based on management’s credit assessment of the customer. Management conducts regular reviews of all outstanding letters of credit and the results of these reviews are considered in assessing the adequacy of reserves for unfunded lending commitments. The following table presents the contractual amount and carrying value of our unfunded lending commitments as of June 30, 2022 and December 31, 2021. The carrying value represents our reserve and deferred revenue on legally binding commitments. Table 13.1: Unfunded Lending Commitments Contractual Amount Carrying Value (Dollars in millions) June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 Credit card lines $ 352,863 $ 368,508 N/A N/A Other loan commitments (1) 48,493 44,572 $ 193 $ 125 Standby letters of credit and commercial letters of credit (2) 1,504 1,419 31 24 Total unfunded lending commitments $ 402,860 $ 414,499 $ 224 $ 149 __________ (1) Includes $4.4 billion and $3.9 billion of advised lines of credit as of June 30, 2022 and December 31, 2021, respectively. (2) These financial guarantees have expiration dates that range from 2022 to 2027 as of June 30, 2022. Loss Sharing Agreements Within our Commercial Banking business, we originate multifamily commercial real estate loans with the intent to sell them to the GSEs. We enter into loss sharing agreements with the GSEs upon the sale of the loans. Beginning January 1, 2020, we elected the fair value option on new loss sharing agreements. Unrealized gains and losses are recorded in other non-interest income in our consolidated statements of income. For those loss sharing agreements entered into as of and prior to December 31, 2019, we amortize the liability recorded at inception into non-interest income as we are released from risk of payment under the loss sharing agreement and record our estimate of expected credit losses each period in provision for credit losses in our consolidated statements of income. The liability recognized on our consolidated balance sheets for these loss sharing agreements was $88 million and $90 million as of June 30, 2022 and December 31, 2021, respectively. See “Note 4—Allowance for Credit Losses and Reserve for Unfunded Lending Commitments” for more information related to our credit card partnership loss sharing arrangements. Litigation In accordance with the current accounting standards for loss contingencies, we establish reserves for litigation-related matters that arise from the ordinary course of our business activities when it is probable that a loss associated with a claim or proceeding has been incurred and the amount of the loss can be reasonably estimated. None of the amounts we currently have recorded individually or in the aggregate are considered to be material to our financial condition. Litigation claims and proceedings of all types are subject to many uncertain factors that generally cannot be predicted with assurance. Below we provide a description of potentially material legal proceedings and claims. For some of the matters disclosed below, we are able to estimate reasonably possible losses above existing reserves, and for other disclosed matters, such an estimate is not possible at this time. For those matters below where an estimate is possible, management currently estimates the reasonably possible future losses beyond our reserves as of June 30, 2022 are approximately $200 million. Our reserve and reasonably possible loss estimates involve considerable judgment and reflect that there is still significant uncertainty regarding numerous factors that may impact the ultimate loss levels. Notwithstanding, our attempt to estimate a reasonably possible range of loss beyond our current accrual levels for some litigation matters based on current information, it is possible that actual future losses will exceed both the current accrual level and the range of reasonably possible losses disclosed here. Given the inherent uncertainties involved in these matters, especially those involving governmental agencies, and the very large or indeterminate damages sought in some of these matters, there is significant uncertainty as to the ultimate liability we may incur from these litigation matters and an adverse outcome in one or more of these matters could be material to our results of operations or cash flows for any particular reporting period. Interchange In 2005, a putative class of retail merchants filed antitrust lawsuits against MasterCard and Visa and several issuing banks, including Capital One, seeking both injunctive relief and monetary damages for an alleged conspiracy by defendants to fix the level of interchange fees. Other merchants have asserted similar claims in separate lawsuits, and while these separate cases did not name any issuing banks, Visa, MasterCard and issuers, including Capital One, have entered settlement and judgment sharing agreements allocating the liabilities of any judgment or settlement arising from all interchange-related cases. The lawsuits were consolidated before the U.S. District Court for the Eastern District of New York for certain purposes and were settled in 2012. The class settlement, however, was invalidated by the United States Court of Appeals for the Second Circuit in June 2016, and the suit was bifurcated into separate class actions seeking injunctive and monetary relief, respectively. In addition, numerous merchant groups opted out of the 2012 settlement and have pursued their own claims. The claims by the injunctive relief class have not been resolved, but the settlement of $5.5 billion for the monetary damages class received final approval from the trial court, and has been appealed to the U.S. Court of Appeals for the Second Circuit. Visa and MasterCard have also settled a number of the opt-out cases, which required non-material payments from issuing banks, including Capital One. Visa created a litigation escrow account following its initial public offering of stock in 2008 that funds settlements for its member banks, and any settlements related to MasterCard-allocated losses have either already been paid or are reflected in our reserves. Cybersecurity Incident On July 29, 2019, we announced that on March 22 and 23, 2019 an outside individual gained unauthorized access to our systems. This individual obtained certain types of personal information relating to people who had applied for our credit card products and to our credit card customers (the “Cybersecurity Incident”). As a result of the Cybersecurity Incident, we are subject to numerous legal proceedings and other inquiries and could be the subject of additional proceedings and inquiries in the future. Consumer class actions . We were named as a defendant in approximately 75 putative consumer class action cases (primarily in U.S. courts with cases also in Canadian courts) alleging harm from the Cybersecurity Incident and seeking various remedies, including monetary and injunctive relief. The lawsuits allege breach of contract, negligence, violations of various privacy laws and a variety of other legal causes of action. The U.S. consumer class actions have been consolidated for pretrial proceedings before a multi-district litigation (“MDL”) panel in the U.S. District Court for the Eastern District of Virginia, Alexandria Division. In the third quarter of 2020, the MDL court denied in part and granted in part Capital One’s motion to dismiss and permitted pretrial discovery to continue. In the fourth quarter of 2021, the parties agreed to a settlement of the U.S. consumer class action cases for an amount within existing reserves. The parties are in the process of seeking the required court approval of the class settlement. In the second quarter of 2022, a trial court in British Columbia preliminarily certified a class of all impacted Canadian consumers except those in Quebec, which under Canadian law would allow the case to proceed with discovery on a classwide basis. The preliminary certification decision has been appealed. Securities class action . The Company and certain officers have also been named as defendants in a putative class action pending in the MDL alleging violations of certain federal securities laws in connection with statements and alleged omissions in securities filings relating to our information security standards and practices. The complaint seeks certification of a class of all persons who purchased or otherwise acquired Capital One securities from July 23, 2015 to July 29, 2019, as well as unspecified monetary damages, costs and other relief. The Company’s motion to dismiss the case is pending. Governmental inquiries . We have received inquiries and requests for information relating to the Cybersecurity Incident from Congress, federal regulators, relevant Canadian regulators, the Department of Justice, and the offices of approximately fourteen state Attorneys General. We have cooperated with these offices and responded to their inquiries. In August 2020, we entered into consent orders with the Federal Reserve and the OCC resulting from regulatory reviews of the Cybersecurity Incident and relating to ongoing enhancements of our cybersecurity and operational risk management processes. We paid an $80 million penalty to the U.S. Treasury as part of the OCC agreement. The Federal Reserve agreement did not contain a monetary penalty. Taxi Medallion Finance Investigations Beginning in 2019, we have received subpoenas from the New York Attorney General’s office and from the U.S. Attorney’s Office for the Southern District of New York, Civil and Criminal Divisions, relating to investigations of the taxi medallion finance industry we exited beginning in 2015. The subpoenas seek, among other things, information regarding our lending counterparties and practices. We have cooperated with these investigations. U.K. PPI Litigation In the U.K., we previously sold payment protection insurance (“PPI”). For several years leading up to the claims submission deadline of August 29, 2019 (as set by the U.K. Financial Conduct Authority), we received customer complaints and regulatory claims relating to PPI. COEP has materially resolved the PPI complaints and regulatory claims received prior to the deadline. Some of the claimants in the U.K. PPI regulatory claims process have subsequently initiated legal proceedings, seeking additional redress. We are responding to these proceedings as we receive them. Other Pending and Threatened Litigation In addition, we are commonly subject to various pending and threatened legal actions relating to the conduct of our normal business activities. In the opinion of management, the ultimate aggregate liability, if any, arising out of all such other pending or threatened legal actions is not expected to be material to our consolidated financial position or our results of operations.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (“U.S. GAAP”).
Use of Estimates	The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and in the related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgments, actual amounts or results could differ from these estimates. In the opinion of management, all normal, recurring adjustments have been included for a fair statement of this interim financial information.
New Accounting Standards	Newly Adopted Accounting Standards During the Six Months Ended June 30, 2022

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Policies)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Balance Sheet Offsetting of Financial Assets and Liabilities	Balance Sheet Offsetting of Financial Assets and Liabilities Derivative contracts and repurchase agreements that we execute bilaterally in the OTC market are generally governed by enforceable master netting agreements where we generally have the right to offset exposure with the same counterparty. Either counterparty can generally request to net settle all contracts through a single payment upon default on, or termination of, any one contract. We elect to offset the derivative assets and liabilities under master netting agreements for balance sheet presentation where a right of setoff exists. For derivative contracts entered into under master netting agreements for which we have not been able to confirm the enforceability of the setoff rights, or those not subject to master netting agreements, we do not offset our derivative positions for balance sheet presentation.

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-Sale Securities	The table below presents the amortized cost, allowance for credit losses, gross unrealized gains and losses, and fair value aggregated by major security type as of June 30, 2022 and December 31, 2021. Accrued interest receivable of $204 million and $207 million as of June 30, 2022 and December 31, 2021, respectively, is not included in the table below. Table 2.1: Investment Securities Available for Sale June 30, 2022 (Dollars in millions) Amortized Allowance Gross Gross Fair Investment securities available for sale: U.S. Treasury securities $ 8,664 $ 0 $ 4 $ (44) $ 8,624 RMBS: Agency 71,215 0 93 (6,603) 64,705 Non-agency 687 (3) 140 (2) 822 Total RMBS 71,902 (3) 233 (6,605) 65,527 Agency CMBS 8,060 0 8 (494) 7,574 Other securities (1) 1,307 0 1 (11) 1,297 Total investment securities available for sale $ 89,933 $ (3) $ 246 $ (7,154) $ 83,022 December 31, 2021 (Dollars in millions) Amortized Allowance Gross Gross Fair Investment securities available for sale: U.S. Treasury securities $ 9,419 $ 0 $ 23 $ 0 $ 9,442 RMBS: Agency 72,593 0 958 (931) 72,620 Non-agency 792 (1) 205 0 996 Total RMBS 73,385 (1) 1,163 (931) 73,616 Agency CMBS 9,237 0 195 (63) 9,369 Other securities (1) 2,830 0 6 (2) 2,834 Total investment securities available for sale $ 94,871 $ (1) $ 1,387 $ (996) $ 95,261 __________ (1) Includes $566 million and $2.0 billion of asset-backed securities (“ABS”) as of June 30, 2022 and December 31, 2021 respectively. The remaining amount is primarily comprised of supranational bonds and foreign government bonds.
Schedule of Available-for-Sale Securities in Gross Unrealized Loss Position	The table below provides the gross unrealized losses and fair value of our securities available for sale aggregated by major security type and the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2022 and December 31, 2021. The amounts include securities available for sale without an allowance for credit losses. Table 2.2: Securities in a Gross Unrealized Loss Position June 30, 2022 Less than 12 Months 12 Months or Longer Total (Dollars in millions) Fair Value Gross Fair Value Gross Fair Value Gross Investment securities available for sale without an allowance for credit losses: U.S. Treasury securities $ 4,098 $ (44) $ 0 $ 0 $ 4,098 $ (44) RMBS: Agency 45,363 (4,001) 16,238 (2,602) 61,601 (6,603) Non-agency 19 (1) 0 0 19 (1) Total RMBS 45,382 (4,002) 16,238 (2,602) 61,620 (6,604) Agency CMBS 5,929 (345) 1,201 (149) 7,130 (494) Other securities (1) 957 (11) 0 0 957 (11) Total investment securities available for sale in a gross unrealized loss position without an allowance for credit losses (2) $ 56,366 $ (4,402) $ 17,439 $ (2,751) $ 73,805 $ (7,153) December 31, 2021 Less than 12 Months 12 Months or Longer Total (Dollars in millions) Fair Value Gross Fair Value Gross Fair Value Gross Investment securities available for sale without an allowance for credit losses: RMBS: Agency $ 37,492 $ (632) $ 8,606 $ (299) $ 46,098 $ (931) Non-agency 3 0 1 0 4 0 Total RMBS 37,495 (632) 8,607 (299) 46,102 (931) Agency CMBS 2,999 (36) 803 (27) 3,802 (63) Other securities (1) 1,207 (2) 0 0 1,207 (2) Total investment securities available for sale in a gross unrealized loss position without an allowance for credit losses (2) $ 41,701 $ (670) $ 9,410 $ (326) $ 51,111 $ (996) __________ (1) Includes primarily ABS, foreign government bonds, and supranational bonds. (2) Consists of approxima tely 2,500 and 740 se cur ities in gross unrealized loss positions as of June 30, 2022 and December 31, 2021, respectively.
Schedule of Contractual Maturities for Securities	The table below summarizes, as of June 30, 2022, the fair value of our investment securities by major security type and contractual maturity as well as the total fair value, amortized cost and weighted-average yields of our investment securities by contractual maturity. Because borrowers may have the right to call or prepay certain obligations, the expected maturities of our securities are likely to differ from the scheduled contractual maturities presented below. The weighted-average yield below represents the effective yield for the investment securities and is calculated based on the amortized cost of each security. Table 2.3: Contractual Maturities and Weighted-Average Yields of Securities June 30, 2022 (Dollars in millions) Due in Due > 1 Year Due > 5 Years Due > 10 Years Total Fair value of securities available for sale: U.S. Treasury securities $ 3,893 $ 4,731 $ 0 $ 0 $ 8,624 RMBS (1) : Agency 0 106 1,100 63,499 64,705 Non-agency 0 0 0 822 822 Total RMBS 0 106 1,100 64,321 65,527 Agency CMBS (1) 285 1,897 3,690 1,702 7,574 Other securities 221 835 241 0 1,297 Total securities available for sale $ 4,399 $ 7,569 $ 5,031 $ 66,023 $ 83,022 Amortized cost of securities available for sale $ 4,399 $ 7,705 $ 5,365 $ 72,464 $ 89,933 Weighted-average yield for securities available for sale 0.83 % 1.27 % 2.02 % 2.09 % 1.95 % __________ (1) As of June 30, 2022, the weighted-average expected maturities of RMBS and Agency CMBS were 6.7 years and 5.4 years, respectively.

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Loan Portfolio Composition and Aging Analysis	The table below presents the composition and aging analysis of our loans held for investment portfolio as of June 30, 2022 and December 31, 2021. The delinquency aging includes all past due loans, both performing and nonperforming. Table 3.1: Loan Portfolio Composition and Aging Analysis June 30, 2022 Delinquent Loans (Dollars in millions) Current 30-59 60-89 > 90 Days Total Total Credit Card: Domestic credit card $ 112,297 $ 896 $ 615 $ 1,196 $ 2,707 $ 115,004 International card businesses 5,655 82 48 91 221 5,876 Total credit card 117,952 978 663 1,287 2,928 120,880 Consumer Banking: Auto 76,030 2,566 1,084 246 3,896 79,926 Retail banking 1,576 10 1 18 29 1,605 Total consumer banking 77,606 2,576 1,085 264 3,925 81,531 Commercial Banking: Commercial and multifamily real estate 37,507 212 70 56 338 37,845 Commercial and industrial 55,780 225 44 79 348 56,128 Total commercial banking 93,287 437 114 135 686 93,973 Total loans (1) $ 288,845 $ 3,991 $ 1,862 $ 1,686 $ 7,539 $ 296,384 % of Total loans 97.46 % 1.34 % 0.63 % 0.57 % 2.54 % 100.00 % December 31, 2021 Delinquent Loans (Dollars in millions) Current 30-59 60-89 > 90 Days Total Total Credit Card: Domestic credit card $ 106,312 $ 773 $ 528 $ 1,110 $ 2,411 $ 108,723 International card businesses 5,836 77 50 86 213 6,049 Total credit card 112,148 850 578 1,196 2,624 114,772 Consumer Banking: Auto 72,221 2,385 933 240 3,558 75,779 Retail banking 1,807 35 7 18 60 1,867 Total consumer banking 74,028 2,420 940 258 3,618 77,646 December 31, 2021 Delinquent Loans (Dollars in millions) Current 30-59 60-89 > 90 Days Total Total Commercial Banking: Commercial and multifamily real estate 35,100 92 35 35 162 35,262 Commercial and industrial 49,379 139 103 39 281 49,660 Total commercial banking 84,479 231 138 74 443 84,922 Total loans (1) $ 270,655 $ 3,501 $ 1,656 $ 1,528 $ 6,685 $ 277,340 % of Total loans 97.59 % 1.26 % 0.60 % 0.55 % 2.41 % 100.00 % __________ (1) Loans include unamortized premiums and discounts, and unamortized deferred fees and costs totaling $1.4 billion as of both June 30, 2022 and December 31, 2021.
90 Plus Day Delinquent Loans Accruing Interest and Nonperforming Loans	The following table presents our loans held for investment that are 90 days or more past due that continue to accrue interest, loans that are classified as nonperforming and loans that are classified as nonperforming without an allowance as of June 30, 2022 and December 31, 2021. Nonperforming loans generally include loans that have been placed on nonaccrual status. Table 3.2: 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans June 30, 2022 December 31, 2021 (Dollars in millions) > 90 Days and Accruing Nonperforming Loans (1) Nonperforming > 90 Days and Accruing Nonperforming Loans (1) Nonperforming Credit Card: Domestic credit card $ 1,196 N/A $ 0 $ 1,110 N/A $ 0 International card businesses 88 $ 8 0 82 $ 10 0 Total credit card 1,284 8 0 1,192 10 0 Consumer Banking: Auto 0 398 0 0 344 0 Retail banking 0 42 8 0 47 4 Total consumer banking 0 440 8 0 391 4 Commercial Banking: Commercial and multifamily real estate 20 294 266 3 383 268 Commercial and industrial 0 361 214 0 316 257 Total commercial banking 20 655 480 3 699 525 Total $ 1,304 $ 1,103 $ 488 $ 1,195 $ 1,100 $ 529 % of Total loans held for investment 0.44 % 0.37 % 0.16 % 0.43 % 0.40 % 0.19 % __________
Financing Receivable, Allowance for Credit Loss [Line Items]
TDR Disclosures	The following tables present the major modification types, amortized cost amounts and financial effects of loans modified in a TDR during the three and six months ended June 30, 2022 and 2021. Table 3.6: Troubled Debt Restructurings Three Months Ended June 30, 2022 Reduced Interest Rate Term Extension (Dollars in millions) Total Loans Modified (1) % of TDR Activity (2) Average Rate Reduction % of TDR Activity (2) Average Term Extension (Months) Credit Card: Domestic credit card $ 57 100 % 15.56 % N/A N/A International card businesses 30 100 27.65 N/A N/A Total credit card 87 100 19.70 N/A N/A Consumer Banking: Auto 280 49 8.56 97 % 4 Total consumer banking 280 49 8.56 97 4 Commercial Banking: Commercial and multifamily real estate 133 N/A N/A 91 14 Commercial and industrial 129 N/A N/A 33 13 Total commercial banking 262 N/A N/A 62 14 Total $ 629 Six Months Ended June 30, 2022 Reduced Interest Rate Term Extension (Dollars in millions) Total Loans Modified (1) % of TDR Activity (2) Average Rate Reduction % of TDR Activity (2) Average Term Extension (Months) Credit Card: Domestic credit card $ 119 100 % 15.09 % N/A N/A International card businesses 64 100 27.83 N/A N/A Total credit card 183 100 19.54 N/A N/A Consumer Banking: Auto 519 52 8.68 97 % 4 Retail banking 1 N/A N/A 100 12 Total consumer banking 520 52 8.68 97 4 Commercial Banking: Commercial and multifamily real estate 264 4 0.29 77 13 Commercial and industrial 167 N/A N/A 45 12 Total commercial banking 431 2 0.29 64 13 Total $ 1,134 Three Months Ended June 30, 2021 Reduced Interest Rate Term Extension (Dollars in millions) Total Loans Modified (1) % of TDR Activity (2) Average Rate Reduction % of TDR Activity (2) Average Term Extension (Months) Credit Card: Domestic credit card $ 33 100 % 16.07 % N/A N/A International card businesses 27 100 27.45 N/A N/A Total credit card 60 100 21.22 N/A N/A Consumer Banking: Auto 65 39 8.62 91 % 4 Retail banking 1 N/A N/A 100 41 Total consumer banking 66 38 8.62 91 4 Commercial Banking: Commercial and industrial 34 N/A N/A 56 17 Total commercial banking 34 N/A N/A 56 17 Total $ 160 Six Months Ended June 30, 2021 Reduced Interest Rate Term Extension (Dollars in millions) Total Loans Modified (1) % of TDR Activity (2) Average Rate Reduction % of TDR Activity (2) Average Term Extension (Months) Credit Card: Domestic credit card $ 77 100 % 16.10 % N/A N/A International card businesses 66 100 27.62 N/A N/A Total credit card 143 100 21.43 N/A N/A Consumer Banking: Auto 180 36 8.87 94 % 3 Retail banking 1 31 3.77 69 28 Total consumer banking 181 36 8.85 94 3 Commercial Banking: Commercial and multifamily real estate 20 N/A N/A 100 14 Commercial and industrial 78 N/A N/A 38 8 Total commercial banking 98 N/A N/A 51 11 Total $ 422 __________ (1) Represents the amortized cost of total loans modified in TDR at the end of the period in which they were modified. As not every modification type is included in the table above, the total percentage of TDR activity may not add up to 100%. Some loans may receive more than one type of modification. (2) Due to multiple modification types granted to some troubled borrowers, percentages may total more than 100% for certain loan types. either 90 days or more delinquent, has been charged off as of the end of the period presented or has been reclassified from accrual to nonaccrual status. Table 3.7: TDR—Subsequent Defaults Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (Dollars in millions) Number of Contracts Amount Number of Contracts Amount Number of Contracts Amount Number of Contracts Amount Credit Card: Domestic credit card 8,012 $ 17 4,226 $ 8 14,024 $ 28 9,360 $ 18 International card businesses 19,611 20 14,827 23 36,118 39 32,029 51 Total credit card 27,623 37 19,053 31 50,142 67 41,389 69 Consumer Banking: Auto 3,539 63 2,271 35 5,510 96 4,302 64 Retail banking 0 0 3 0 0 0 8 0 Total consumer banking 3,539 63 2,274 35 5,510 96 4,310 64 Commercial Banking: Commercial and multifamily real estate 0 0 1 50 0 0 1 50 Commercial and industrial 2 4 6 82 3 35 6 82 Total commercial banking 2 4 7 132 3 35 7 132 Total 31,164 $ 104 21,334 $ 198 55,655 $ 198 45,706 $ 265
Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Credit Quality Indicator	The table below presents our credit card portfolio by delinquency status as of June 30, 2022 and December 31, 2021. Table 3.3: Credit Card Delinquency Status June 30, 2022 December 31, 2021 (Dollars in millions) Revolving Loans Revolving Loans Converted to Term Total Revolving Loans Revolving Loans Converted to Term Total Credit Card: Domestic credit card: Current $ 112,027 $ 270 $ 112,297 $ 105,985 $ 327 $ 106,312 30-59 days 884 12 896 760 13 773 60-89 days 607 8 615 519 9 528 Greater than 90 days 1,186 10 1,196 1,100 10 1,110 Total domestic credit card 114,704 300 115,004 108,364 359 108,723 International card businesses: Current 5,621 34 5,655 5,795 41 5,836 30-59 days 79 3 82 73 4 77 60-89 days 45 3 48 47 3 50 Greater than 90 days 88 3 91 82 4 86 Total international card businesses 5,833 43 5,876 5,997 52 6,049 Total credit card $ 120,537 $ 343 $ 120,880 $ 114,361 $ 411 $ 114,772
Consumer Banking
Financing Receivable, Allowance for Credit Loss [Line Items]
Credit Quality Indicator	The table below presents our consumer banking portfolio of loans held for investment by credit quality indicator as of June 30, 2022 and December 31, 2021. We present our auto loan portfolio by FICO scores at origination and our retail banking loan portfolio by delinquency status, which includes all past due loans, both performing and nonperforming. Table 3.4: Consumer Banking Portfolio by Credit Quality Indicator June 30, 2022 Term Loans by Vintage Year (Dollars in millions) 2022 2021 2020 2019 2018 Prior Total Term Loans Revolving Loans Revolving Loans Converted to Term Total Auto — At origination FICO scores: (1) Greater than 660 $ 12,004 $ 17,114 $ 6,768 $ 3,519 $ 1,615 $ 740 $ 41,760 $ 0 $ 0 $ 41,760 621-660 3,982 6,134 2,874 1,566 757 381 15,694 0 0 15,694 620 or below 4,799 7,877 4,927 2,831 1,312 726 22,472 0 0 22,472 Total auto 20,785 31,125 14,569 7,916 3,684 1,847 79,926 0 0 79,926 Retail banking—Delinquency status: Current 126 173 99 150 141 555 1,244 326 6 1,576 30-59 days 0 0 0 0 0 1 1 9 0 10 60-89 days 0 0 0 0 0 0 0 1 0 1 Greater than 90 days 0 0 1 0 3 9 13 4 1 18 Total retail banking (2) 126 173 100 150 144 565 1,258 340 7 1,605 Total consumer banking $ 20,911 $ 31,298 $ 14,669 $ 8,066 $ 3,828 $ 2,412 $ 81,184 $ 340 $ 7 $ 81,531 December 31, 2021 Term Loans by Vintage Year (Dollars in millions) 2021 2020 2019 2018 2017 Prior Total Term Loans Revolving Loans Revolving Loans Converted to Term Total Auto — At origination FICO scores: (1) Greater than 660 $ 20,758 $ 8,630 $ 4,739 $ 2,394 $ 1,153 $ 301 $ 37,975 $ 0 $ 0 $ 37,975 621-660 7,456 3,721 2,109 1,084 537 157 15,064 0 0 15,064 620 or below 9,522 6,336 3,767 1,840 949 326 22,740 0 0 22,740 Total auto 37,736 18,687 10,615 5,318 2,639 784 75,779 0 0 75,779 Retail banking—Delinquency status: Current 285 171 172 161 176 491 1,456 345 6 1,807 30-59 days 0 2 2 7 0 1 12 23 0 35 60-89 days 0 4 0 0 0 2 6 1 0 7 Greater than 90 days 0 1 0 1 1 9 12 4 2 18 Total retail banking (2) 285 178 174 169 177 503 1,486 373 8 1,867 Total consumer banking $ 38,021 $ 18,865 $ 10,789 $ 5,487 $ 2,816 $ 1,287 $ 77,265 $ 373 $ 8 $ 77,646 __________ (1) Amounts represent period-end loans held for investment in each credit score category. Auto credit scores generally represent average FICO scores obtained from three credit bureaus at the time of application and are not refreshed thereafter. Balances for which no credit score is available or the credit score is invalid are included in the 620 or below category. (2) Includes Paycheck Protection Program (“PPP”) loans of $73 million and $232 million as of June 30, 2022 and December 31, 2021, respectively.
Commercial Banking
Financing Receivable, Allowance for Credit Loss [Line Items]
Credit Quality Indicator	The following table presents our commercial banking portfolio of loans held for investment by internal risk ratings as of June 30, 2022 and December 31, 2021. The internal risk rating status includes all past due loans, both performing and nonperforming. Table 3.5: Commercial Banking Portfolio by Internal Risk Ratings June 30, 2022 Term Loans by Vintage Year (Dollars in millions) 2022 2021 2020 2019 2018 Prior Total Term Loans Revolving Loans Revolving Loans Converted to Term Total Internal risk rating: (1) Commercial and multifamily real estate Noncriticized $ 5,997 $ 4,866 $ 1,769 $ 2,602 $ 1,825 $ 3,443 $ 20,502 $ 14,144 $ 25 $ 34,671 Criticized performing 289 241 271 385 269 1,374 2,829 51 0 2,880 Criticized nonperforming 103 0 5 7 19 160 294 0 0 294 Total commercial and multifamily real estate 6,389 5,107 2,045 2,994 2,113 4,977 23,625 14,195 25 37,845 Commercial and industrial Noncriticized 11,980 8,692 5,339 4,115 2,244 4,046 36,416 17,229 33 53,678 Criticized performing 518 227 276 381 172 97 1,671 418 0 2,089 Criticized nonperforming 95 40 20 93 42 18 308 53 0 361 Total commercial and industrial 12,593 8,959 5,635 4,589 2,458 4,161 38,395 17,700 33 56,128 Total commercial banking (2) $ 18,982 $ 14,066 $ 7,680 $ 7,583 $ 4,571 $ 9,138 $ 62,020 $ 31,895 $ 58 $ 93,973 December 31, 2021 Term Loans by Vintage Year (Dollars in millions) 2021 2020 2019 2018 2017 Prior Total Term Loans Revolving Loans Revolving Loans Converted to Term Total Internal risk rating: (1) Commercial and multifamily real estate Noncriticized $ 6,590 $ 2,924 $ 3,393 $ 2,401 $ 793 $ 3,538 $ 19,639 $ 12,286 $ 0 $ 31,925 Criticized performing 248 195 329 317 261 1,478 2,828 101 25 2,954 Criticized nonperforming 0 0 88 20 9 266 383 0 0 383 Total commercial and multifamily real estate 6,838 3,119 3,810 2,738 1,063 5,282 22,850 12,387 25 35,262 Commercial and industrial Noncriticized 12,662 7,039 5,506 2,750 1,730 3,033 32,720 14,310 59 47,089 Criticized performing 279 188 838 207 120 167 1,799 456 0 2,255 Criticized nonperforming 32 52 85 93 6 10 278 38 0 316 Total commercial and industrial 12,973 7,279 6,429 3,050 1,856 3,210 34,797 14,804 59 49,660 Total commercial banking (2) $ 19,811 $ 10,398 $ 10,239 $ 5,788 $ 2,919 $ 8,492 $ 57,647 $ 27,191 $ 84 $ 84,922 __________ (1) Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by bank regulatory authorities. (2) Includes PPP loans of $37 million and $102 million as of June 30, 2022 and December 31, 2021, respectively.

Allowance for Credit Losses a_2

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments (Tables)	6 Months Ended
	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Allowance for Credit Losses on Financing Receivables	The table below summarizes changes in the allowance for credit losses and reserve for unfunded lending commitments by portfolio segment for the three and six months ended June 30, 2022 and 2021. Our allowance for credit losses increased by $61 million to $11.5 billion as of June 30, 2022 from December 31, 2021. Table 4.1: Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity Three Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Allowance for credit losses: Balance as of March 31, 2022 $ 8,280 $ 1,902 $ 1,126 $ 11,308 Charge-offs (1,009) (331) (43) (1,383) Recoveries (1) 331 195 12 538 Net charge-offs (678) (136) (31) (845) Provision (benefit) for credit losses 581 281 183 1,045 Allowance build (release) for credit losses (97) 145 152 200 Other changes (2) (17) 0 0 (17) Balance as of June 30, 2022 8,166 2,047 1,278 11,491 Reserve for unfunded lending commitments: Balance as of March 31, 2022 0 0 200 200 Provision for losses on unfunded lending commitments 0 0 39 39 Balance as of June 30, 2022 0 0 239 239 Combined allowance and reserve as of June 30, 2022 $ 8,166 $ 2,047 $ 1,517 $ 11,730 Six Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Allowance for credit losses: Balance as of December 31, 2021 $ 8,345 $ 1,918 $ 1,167 $ 11,430 Charge-offs (1,964) (680) (60) (2,704) Recoveries (1) 679 398 15 1,092 Net charge-offs (1,285) (282) (45) (1,612) Provision (benefit) for credit losses 1,126 411 156 1,693 Allowance build (release) for credit losses (159) 129 111 81 Other changes (2) (20) 0 0 (20) Balance as of June 30, 2022 8,166 2,047 1,278 11,491 Reserve for unfunded lending commitments: Balance as of December 31, 2021 0 0 165 165 Provision for losses on unfunded lending commitments 0 0 74 74 Balance as of June 30, 2022 0 0 239 239 Combined allowance and reserve as of June 30, 2022 $ 8,166 $ 2,047 $ 1,517 $ 11,730 Three Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Allowance for credit losses: Balance as of March 31, 2021 $ 10,072 $ 2,498 $ 1,447 $ 14,017 Charge-offs (967) (260) (8) (1,235) Recoveries (1) 396 271 27 694 Net recoveries (charge-offs) (571) 11 19 (541) Provision (benefit) for credit losses (635) (306) (196) (1,137) Allowance build (release) for credit losses (1,206) (295) (177) (1,678) Other changes (2) 7 0 0 7 Balance as of June 30, 2021 8,873 2,203 1,270 12,346 Reserve for unfunded lending commitments: Balance as of March 31, 2021 0 0 187 187 Provision (benefit) for losses on unfunded lending commitments 0 0 (23) (23) Balance as of June 30, 2021 0 0 164 164 Combined allowance and reserve as of June 30, 2021 $ 8,873 $ 2,203 $ 1,434 $ 12,510 Six Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Allowance for credit losses: Balance as of December 31, 2020 $ 11,191 $ 2,715 $ 1,658 $ 15,564 Charge-offs (1,960) (602) (27) (2,589) Recoveries (1) 756 522 30 1,308 Net recoveries (charge-offs) (1,204) (80) 3 (1,281) Provision (benefit) for credit losses (1,127) (432) (391) (1,950) Allowance build (release) for credit losses (2,331) (512) (388) (3,231) Other changes (2) 13 0 0 13 Balance as of June 30, 2021 8,873 2,203 1,270 12,346 Six Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Reserve for unfunded lending commitments: Balance as of December 31, 2020 0 0 195 195 Provision (benefit) for losses on unfunded lending commitments 0 0 (31) (31) Balance as of June 30, 2021 0 0 164 164 Combined allowance and reserve as of June 30, 2021 $ 8,873 $ 2,203 $ 1,434 $ 12,510 __________ (1) The amount and timing of recoveries are impacted by our collection strategies, which are based on customer behavior and risk profile and include direct customer communications, repossession of collateral, the periodic sale of charged off loans as well as additional strategies, such as litigation. (2) Represents foreign currency translation adjustments.
Schedule of Loss Sharing Arrangement Impact	The table below summarizes the changes in the estimated reimbursements from these partners for the three and six months ended June 30, 2022 and 2021. Table 4.2: Summary of Credit Card Partnership Loss Sharing Arrangements Impacts Three Months Ended June 30, (Dollars in millions) 2022 2021 Estimated reimbursements from partners, beginning of period $ 1,366 $ 2,005 Amounts due from partners which reduced net charge-offs (119) (128) Amounts expected to become due from (to) partners which reduced (increased) provision for credit losses 55 (166) Estimated reimbursements from partners, end of period $ 1,302 $ 1,711 Six Months Ended June 30, (Dollars in millions) 2022 2021 Estimated reimbursements from partners, beginning of period $ 1,450 $ 2,159 Amounts due from partners which reduced net charge-offs (226) (269) Amounts expected to become due from (to) partners which reduced (increased) provision for credit losses 78 (179) Estimated reimbursements from partners, end of period $ 1,302 $ 1,711

Variable Interest Entities an_2

Variable Interest Entities and Securitizations (Tables)	6 Months Ended
	Jun. 30, 2022
Variable Interest Entities and Securitization [Abstract]
Carrying Amount of Assets and Liabilities of Variable Interest Entities	The tables below present a summary of VIEs in which we had continuing involvement or held a significant variable interest, aggregated based on VIEs with similar characteristics as of June 30, 2022 and December 31, 2021. We separately present information for consolidated and unconsolidated VIEs. Table 5.1: Carrying Amount of Consolidated and Unconsolidated VIEs June 30, 2022 Consolidated Unconsolidated (Dollars in millions) Carrying Amount of Assets Carrying Amount of Liabilities Carrying Amount of Assets Carrying Amount of Liabilities Maximum Exposure to Loss Securitization-Related VIEs: (1) Credit card loan securitizations (2) $ 21,065 $ 14,851 $ 0 $ 0 $ 0 Auto loan securitizations 3,878 3,243 0 0 0 Total securitization-related VIEs 24,943 18,094 0 0 0 Other VIEs: (3) Affordable housing entities 260 20 4,774 1,499 4,774 Entities that provide capital to low-income and rural communities 2,331 10 0 0 0 Other 0 0 355 0 355 Total other VIEs 2,591 30 5,129 1,499 5,129 Total VIEs $ 27,534 $ 18,124 $ 5,129 $ 1,499 $ 5,129 December 31, 2021 Consolidated Unconsolidated (Dollars in millions) Carrying Amount of Assets Carrying Amount of Liabilities Carrying Amount of Assets Carrying Amount of Liabilities Maximum Exposure to Loss Securitization-Related VIEs: (1) Credit card loan securitizations (2) $ 21,569 $ 13,016 $ 0 $ 0 $ 0 Auto loan securitizations 2,552 2,187 0 0 0 Total securitization-related VIEs 24,121 15,203 0 0 0 December 31, 2021 Consolidated Unconsolidated (Dollars in millions) Carrying Amount of Assets Carrying Amount of Liabilities Carrying Amount of Assets Carrying Amount of Liabilities Maximum Exposure to Loss Other VIEs: (3) Affordable housing entities 263 27 4,774 1,454 4,774 Entities that provide capital to low-income and rural communities 2,074 26 0 0 0 Other 0 0 383 0 383 Total other VIEs 2,337 53 5,157 1,454 5,157 Total VIEs $ 26,458 $ 15,256 $ 5,157 $ 1,454 $ 5,157 __________ (1) Excludes insignificant VIEs from previously exited businesses. (2) Represents the carrying amount of assets and liabilities of the VIE, which includes the seller’s interest and repurchased notes held by other related parties. (3) In certain investment structures, we consolidate a VIE which in turn holds as its primary asset an investment in an unconsolidated VIE. In these instances, we disclose the carrying amount of assets and liabilities on our consolidated balance sheets as unconsolidated VIEs to avoid duplicating our exposure, as the unconsolidated VIEs are generally the operating entities generating the exposure. The carrying amount of assets and liabilities included in the unconsolidated VIE columns above related to these investment structures were $2.2 billion of assets and $548 million of liabilities as of June 30, 2022, and $2.2 billion of assets and $568 million of liabilities as of December 31, 2021.
External Debt and Receivable Balances of Securitization Programs	The table below presents our continuing involvement in certain securitization-related VIEs as of June 30, 2022 and December 31, 2021. Table 5.2: Continuing Involvement in Securitization-Related VIEs (Dollars in millions) Credit Card Auto June 30, 2022: Securities held by third-party investors $ 14,226 $ 3,240 Receivables in the trusts 21,343 3,702 Cash balance of spread or reserve accounts 0 18 Retained interests Yes Yes Servicing retained Yes Yes December 31, 2021: Securities held by third-party investors $ 12,808 $ 2,186 Receivables in the trust 22,454 2,418 Cash balance of spread or reserve accounts 0 13 Retained interests Yes Yes Servicing retained Yes Yes

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Components of Goodwill, Intangible Assets and MSRs	The table below presents our goodwill, other intangible assets and MSRs as of June 30, 2022 and December 31, 2021. Goodwill is presented separately, while other intangible assets and MSRs are included in other assets on our consolidated balance sheets. Table 6.1: Components of Goodwill, Other Intangible Assets and MSRs June 30, 2022 (Dollars in millions) Carrying Amount of Assets Accumulated Amortization Net Carrying Amount Goodwill $ 14,778 N/A $ 14,778 Other intangible assets: Purchased credit card relationship (“PCCR”) intangibles 29 $ (13) 16 Other (1) 213 (146) 67 Total other intangible assets 242 (159) 83 Total goodwill and other intangible assets $ 15,020 $ (159) $ 14,861 Commercial MSRs (2) $ 650 $ (215) $ 435 December 31, 2021 (Dollars in millions) Carrying Amount of Assets Accumulated Amortization Net Carrying Amount Goodwill $ 14,782 N/A $ 14,782 Other intangible assets: Purchased credit card relationship (“PCCR”) intangibles 29 $ (10) 19 Other (1) 213 (121) 92 Total other intangible assets 242 (131) 111 Total goodwill and other intangible assets $ 15,024 $ (131) $ 14,893 Commercial MSRs (2) $ 622 $ (202) $ 420 __________ (1) Primarily consists of intangibles for sponsorship, customer and merchant relationships, partnership, trade names and other customer contract intangibles.
Goodwill by Business Segments	Goodwill The following table presents changes in carrying amount of goodwill by each of our business segments as of June 30, 2022 and December 31, 2021. Table 6.2: Goodwill by Business Segments (Dollars in millions) Credit Card Consumer Banking Commercial Banking Total Balance as of December 31, 2021 $ 5,087 $ 4,645 $ 5,050 $ 14,782 Other adjustments (1) (8) 0 4 (4) Balance as of June 30, 2022 $ 5,079 $ 4,645 $ 5,054 $ 14,778 __________

Deposits and Borrowings (Tables

Deposits and Borrowings (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Components of Deposits, Short-Term Borrowings and Long-Term Debt	The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of June 30, 2022 and December 31, 2021. The carrying value presented below for these borrowings includes unamortized debt premiums and discounts, net of debt issuance costs and fair value hedge accounting adjustments. Table 7.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt (Dollars in millions) June 30, 2022 December 31, 2021 Deposits: Non-interest-bearing deposits $ 37,004 $ 38,043 Interest-bearing deposits (1) 270,881 272,937 Total deposits $ 307,885 $ 310,980 Short-term borrowings: Federal funds purchased and securities loaned or sold under agreements to repurchase $ 440 $ 820 Total short-term borrowings $ 440 $ 820 June 30, 2022 December 31, 2021 (Dollars in millions) Maturity Dates Stated Interest Rates Weighted-Average Interest Rate Carrying Value Carrying Value Long-term debt: Securitized debt obligations 2022-2028 0.32% - 3.49% 2.02% $ 17,466 $ 14,994 Senior and subordinated notes: Fixed unsecured senior debt (2) 2022-2033 0.80 - 5.27 3.23 23,444 19,975 Floating unsecured senior debt 2022-2025 1.96 - 2.86 2.28 1,835 1,709 Total unsecured senior debt 3.16 25,279 21,684 Fixed unsecured subordinated debt 2023-2032 2.36 - 4.20 3.52 5,210 5,535 Total senior and subordinated notes 30,489 27,219 Other long-term borrowings: FHLB advances 2023 1.62 - 1.77 1.70 10,500 0 Finance lease liabilities 2022-2031 0.30 - 9.91 3.65 43 53 Total other long-term borrowings 10,543 53 Total long-term debt $ 58,498 $ 42,266 Total short-term borrowings and long-term debt $ 58,938 $ 43,086 __________ (1) Includes $2.1 billion and $1.8 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of June 30, 2022 and December 31, 2021, respectively. (2) Includes $1.2 billion and $1.4 billion of EUR-denominated unsecured notes as of June 30, 2022 and December 31, 2021, respectively.

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets and Liabilities at Fair Value	The following table summarizes the notional amounts and fair values of our derivative instruments as of June 30, 2022 and December 31, 2021, which are segregated by derivatives that are designated as accounting hedges and those that are not, and are further segregated by type of contract within those two categories. The total derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and any associated cash collateral received or pledged. Derivative assets and liabilities are included in other assets and other liabilities, respectively, on our consolidated balance sheets, and their related gains or losses are included in operating activities as changes in other assets and other liabilities in the consolidated statements of cash flows. Table 8.1: Derivative Assets and Liabilities at Fair Value June 30, 2022 December 31, 2021 Notional or Contractual Amount Derivative (1) Notional or Contractual Amount Derivative (1) (Dollars in millions) Assets Liabilities Assets Liabilities Derivatives designated as accounting hedges: Interest rate contracts: Fair value hedges $ 60,231 $ 162 $ 14 $ 49,659 $ 2 $ 3 Cash flow hedges 55,900 133 245 52,400 244 16 Total interest rate contracts 116,131 295 259 102,059 246 19 Foreign exchange contracts: Fair value hedges 1,311 0 192 1,421 13 0 Cash flow hedges 1,936 25 4 4,679 24 20 Net investment hedges 4,092 293 0 3,459 43 0 Total foreign exchange contracts 7,339 318 196 9,559 80 20 Total derivatives designated as accounting hedges 123,470 613 455 111,618 326 39 Derivatives not designated as accounting hedges: Customer accommodation: Interest rate contracts 85,971 427 1,257 71,724 620 194 Commodity contracts 31,172 3,335 2,858 22,021 1,669 1,561 Foreign exchange and other contracts 4,382 87 74 3,779 40 42 Total customer accommodation 121,525 3,849 4,189 97,524 2,329 1,797 Other interest rate exposures (2) 1,405 32 19 1,899 33 25 Other contracts 2,025 6 0 2,028 2 7 Total derivatives not designated as accounting hedges 124,955 3,887 4,208 101,451 2,364 1,829 Total derivatives $ 248,425 $ 4,500 $ 4,663 $ 213,069 $ 2,690 $ 1,868 Less: netting adjustment (3) (1,067) (1,395) (542) (544) Total derivative assets/liabilities $ 3,433 $ 3,268 $ 2,148 $ 1,324 __________ (1) Does not reflect $8 million and $11 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of June 30, 2022 and December 31, 2021 , respectively. Non-performance risk is included in derivative assets and liabilities, which are part of other assets and other liabilities on the consolidated balance sheets, and is offset through non-interest income in the consolidated statements of income. (2) Other interest rate exposures include commercial mortgage-related derivatives and interest rate swaps. (3) Represents balance sheet netting of derivative assets and liabilities, and related payables and receivables for cash collateral held or placed with the same counterparty.
Hedged Item in Fair Value Hedging Relationship	The following table summarizes the carrying value of our hedged assets and liabilities in fair value hedges and the associated cumulative basis adjustments included in those carrying values, excluding basis adjustments related to foreign currency risk, as of June 30, 2022 and December 31, 2021. Table 8.2: Hedged Items in Fair Value Hedging Relationships June 30, 2022 December 31, 2021 Carrying Amount Assets/(Liabilities) Cumulative Amount of Basis Adjustments Included in the Carrying Amount Carrying Amount Assets/(Liabilities) Cumulative Amount of Basis Adjustments Included in the Carrying Amount (Dollars in millions) Total Assets/(Liabilities) Discontinued-Hedging Relationships Total Assets/(Liabilities) Discontinued-Hedging Relationships Line item on our consolidated balance sheets in which the hedged item is included: Investment securities available for sale (1)(2) $ 7,875 $ 24 $ 239 $ 10,327 $ 286 $ 295 Interest-bearing deposits (10,936) 142 (1) (7,361) (47) (1) Securitized debt obligations (13,173) 472 0 (11,155) 49 3 Senior and subordinated notes (26,660) 780 (616) (22,777) (531) (708) __________ (1) These amounts include the amortized cost basis of our investment securities designated in hedging relationships for which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. The amortized cost basis of this portfolio was $238 million and $247 million, the amount of the designated hedged items was $225 million and $225 million, and the cumulative basis adjustments associated with these hedges was $11 million and $3 million as of June 30, 2022 and December 31, 2021, respectively. (2) Carrying value represents amortized cost.
Offsetting Assets	The following table presents the gross and net fair values of our derivative assets, derivative liabilities, resale and repurchase agreements and the related offsetting amounts permitted under U.S. GAAP as of June 30, 2022 and December 31, 2021. The table also includes cash and non-cash collateral received or pledged in accordance with such arrangements. The amount of collateral presented, however, is limited to the amount of the related net derivative fair values or outstanding balances; therefore, instances of over-collateralization are excluded. Table 8.3: Offsetting of Financial Assets and Financial Liabilities Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts as Recognized Securities Collateral Held Under Master Netting Agreements Net Exposure (Dollars in millions) Financial Instruments Cash Collateral Received As of June 30, 2022 Derivative assets (1) $ 4,500 $ (485) $ (582) $ 3,433 $ 0 $ 3,433 As of December 31, 2021 Derivative assets (1) 2,690 (252) (290) 2,148 0 2,148 Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts as Recognized Securities Collateral Pledged Under Master Netting Agreements Net Exposure (Dollars in millions) Financial Instruments Cash Collateral Pledged As of June 30, 2022 Derivative liabilities (1) $ 4,663 $ (485) $ (910) $ 3,268 $ 0 $ 3,268 Repurchase agreements (2) 440 0 0 440 (440) 0 As of December 31, 2021 Derivative liabilities (1) 1,868 (252) (292) 1,324 0 1,324 Repurchase agreements (2) 820 0 0 820 (820) 0 __________ (1) We received cash collateral from derivative counterparties totaling $725 million and $377 million as of June 30, 2022 and December 31, 2021, respectively. We also received securities from derivative counterparties with a fair value of $28 million for June 30, 2022 and approximately $1 million for December 31, 2021, respectively, which we have the ability to re-pledge. We posted $4.3 billion and $2.0 billion of cash collateral as of June 30, 2022 and December 31, 2021, respectively. (2) Under our customer repurchase agreements, which mature the next business day, we pledged collateral with a fair value of $449 million and $836 million as of June 30, 2022 and December 31, 2021, respectively, primarily consisting of agency RMBS securities.
Offsetting Liabilities	The following table presents the gross and net fair values of our derivative assets, derivative liabilities, resale and repurchase agreements and the related offsetting amounts permitted under U.S. GAAP as of June 30, 2022 and December 31, 2021. The table also includes cash and non-cash collateral received or pledged in accordance with such arrangements. The amount of collateral presented, however, is limited to the amount of the related net derivative fair values or outstanding balances; therefore, instances of over-collateralization are excluded. Table 8.3: Offsetting of Financial Assets and Financial Liabilities Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts as Recognized Securities Collateral Held Under Master Netting Agreements Net Exposure (Dollars in millions) Financial Instruments Cash Collateral Received As of June 30, 2022 Derivative assets (1) $ 4,500 $ (485) $ (582) $ 3,433 $ 0 $ 3,433 As of December 31, 2021 Derivative assets (1) 2,690 (252) (290) 2,148 0 2,148 Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts as Recognized Securities Collateral Pledged Under Master Netting Agreements Net Exposure (Dollars in millions) Financial Instruments Cash Collateral Pledged As of June 30, 2022 Derivative liabilities (1) $ 4,663 $ (485) $ (910) $ 3,268 $ 0 $ 3,268 Repurchase agreements (2) 440 0 0 440 (440) 0 As of December 31, 2021 Derivative liabilities (1) 1,868 (252) (292) 1,324 0 1,324 Repurchase agreements (2) 820 0 0 820 (820) 0 __________ (1) We received cash collateral from derivative counterparties totaling $725 million and $377 million as of June 30, 2022 and December 31, 2021, respectively. We also received securities from derivative counterparties with a fair value of $28 million for June 30, 2022 and approximately $1 million for December 31, 2021, respectively, which we have the ability to re-pledge. We posted $4.3 billion and $2.0 billion of cash collateral as of June 30, 2022 and December 31, 2021, respectively. (2) Under our customer repurchase agreements, which mature the next business day, we pledged collateral with a fair value of $449 million and $836 million as of June 30, 2022 and December 31, 2021, respectively, primarily consisting of agency RMBS securities.
Effects of Fair Value and Cash Flow Hedge Accounting	The net gains (losses) recognized in our consolidated statements of income related to derivatives in fair value and cash flow hedging relationships are presented below for the three and six months ended June 30, 2022 and 2021. Table 8.4: Effects of Fair Value and Cash Flow Hedge Accounting Three Months Ended June 30, 2022 Net Interest Income Non-Interest Income (Dollars in millions) Investment Securities Loans, Including Loans Held for Sale Other Interest-bearing Deposits Securitized Debt Obligations Senior and Subordinated Notes Other Total amounts presented in our consolidated statements of income $ 435 $ 6,605 $ 55 $ (293) $ (65) $ (194) $ 99 Fair value hedging relationships: Interest rate and foreign exchange contracts: Interest recognized on derivatives $ 8 $ 0 $ 0 $ 21 $ 6 $ 13 $ 0 Gains (losses) recognized on derivatives 36 0 0 (73) (119) (376) (74) Gains (losses) recognized on hedged items (1) (61) 0 0 74 120 413 73 Excluded component of fair value hedges (2) 0 0 0 0 0 0 0 Net income (expense) recognized on fair value hedges $ (17) $ 0 $ 0 $ 22 $ 7 $ 50 $ (1) Three Months Ended June 30, 2022 Net Interest Income Non-Interest Income (Dollars in millions) Investment Securities Loans, Including Loans Held for Sale Other Interest-bearing Deposits Securitized Debt Obligations Senior and Subordinated Notes Other Cash flow hedging relationships: (3) Interest rate contracts: Realized gains reclassified from AOCI into net income $ 0 $ 63 $ 0 $ 0 $ 0 $ 0 $ 0 Foreign exchange contracts: Realized gains (losses) reclassified from AOCI into net income (4) 0 0 (1) 0 0 0 0 Net income (expense) recognized on cash flow hedges $ 0 $ 63 $ (1) $ 0 $ 0 $ 0 $ 0 Six Months Ended June 30, 2022 Net Interest Income Non-Interest Income (Dollars in millions) Investment Securities Loans, Including Loans Held for Sale Other Interest-bearing Deposits Securitized Debt Obligations Senior and Subordinated Notes Other Total amounts presented in our consolidated statements of income $ 837 $ 12,972 $ 70 $ (511) $ (94) $ (325) $ 442 Fair value hedging relationships: Interest rate and foreign exchange contracts: Interest recognized on derivatives $ 0 $ 0 $ 0 $ 42 $ 33 $ 51 $ 0 Gains (losses) recognized on derivatives 211 0 0 (188) (424) (1,232) (112) Gains (losses) recognized on hedged items (1) (262) 0 0 189 423 1,309 111 Excluded component of fair value hedges (2) 0 0 0 0 0 (1) 0 Net income (expense) recognized on fair value hedges $ (51) $ 0 $ 0 $ 43 $ 32 $ 127 $ (1) Cash flow hedging relationships: (3) Interest rate contracts: Realized gains reclassified from AOCI into net income $ 0 $ 190 $ 0 $ 0 $ 0 $ 0 $ 0 Foreign exchange contracts: Realized gains (losses) reclassified from AOCI into net income (4) 0 0 (1) 0 0 0 0 Net income (expense) recognized on cash flow hedges $ 0 $ 190 $ (1) $ 0 $ 0 $ 0 $ 0 Three Months Ended June 30, 2021 Net Interest Income Non-Interest Income (Dollars in millions) Investment Securities Loans, Including Loans Held for Sale Other Interest-bearing Deposits Securitized Debt Obligations Senior and Subordinated Notes Other Total amounts presented in our consolidated statements of income $ 370 $ 5,753 $ 16 $ (237) $ (28) $ (122) $ 231 Fair value hedging relationships: Interest rate and foreign exchange contracts: Interest recognized on derivatives $ (25) $ 0 $ 0 $ 34 $ 30 $ 56 $ 0 Gains (losses) recognized on derivatives 11 0 0 (31) (17) 0 16 Gains (losses) recognized on hedged items (1) (18) 0 0 31 11 33 (16) Excluded component of fair value hedges (2) 0 0 0 0 0 0 0 Net income (expense) recognized on fair value hedges $ (32) $ 0 $ 0 $ 34 $ 24 $ 89 $ 0 Cash flow hedging relationships: (3) Interest rate contracts: Realized gains (losses) reclassified from AOCI into net income $ 11 $ 234 $ 0 $ 0 $ 0 $ 0 $ 0 Foreign exchange contracts: Realized gains (losses) reclassified from AOCI into net income (4) 0 0 0 0 0 0 1 Net income (expense) recognized on cash flow hedges $ 11 $ 234 $ 0 $ 0 $ 0 $ 0 $ 1 Six Months Ended June 30, 2021 Net Interest Income Non-Interest Income (Dollars in millions) Investment Securities Loans, Including Loans Held for Sale Other Interest-bearing Deposits Securitized Debt Obligations Senior and Subordinated Notes Other Total amounts presented in our consolidated statements of income $ 761 $ 11,607 $ 32 $ (506) $ (60) $ (251) $ 353 Fair value hedging relationships: Interest rate and foreign exchange contracts: Interest recognized on derivatives $ (50) $ 0 $ 0 $ 70 $ 63 $ 118 $ 0 Gains (losses) recognized on derivatives 111 0 0 (89) (97) (336) (45) Gains (losses) recognized on hedged items (1) (123) 0 0 89 86 401 45 Excluded component of fair value hedges (2) 0 0 0 0 0 (1) 0 Net income (expense) recognized on fair value hedges $ (62) $ 0 $ 0 $ 70 $ 52 $ 182 $ 0 Cash flow hedging relationships: (3) Interest rate contracts: Realized gains reclassified from AOCI into net income $ 20 $ 460 $ 0 $ 0 $ 0 $ 0 $ 0 Foreign exchange contracts: Realized gains (losses) reclassified from AOCI into net income (4) 0 0 1 0 0 0 1 Net income (expense) recognized on cash flow hedges $ 20 $ 460 $ 1 $ 0 $ 0 $ 0 $ 1 _________ (1) Includes amortization benefit of $17 million and $34 million for the three and six months ended June 30, 2022, respectively, and amortization benefit of $22 million and $44 million for the three and six months ended June 30, 2021, respectively, related to basis adjustments on discontinued hedges. (2) Changes in fair values of cross-currency swaps attributable to changes in cross-currency basis spreads are excluded from the assessment of hedge effectiveness and recorded in other comprehensive income. The initial value of the excluded component is recognized in earnings over the life of the swap under the amortization approach. (3) See “Note 9—Stockholders’ Equity” for the effects of cash flow and net investment hedges on AOCI and amounts reclassified to net income, net of tax. (4) We recognized a gain of $31 million and $18 million for the three and six months ended June 30, 2022, respectively, and a gain of $77 million and $162 million for the three and six months ended June 30, 2021, respectively, on foreign exchange contracts reclassified from AOCI. These amounts were largely offset by the foreign currency transaction gains (losses) on our foreign currency denominated intercompany funding included in other non-interest income on our consolidated statements of income.
Gains (Losses) on Free-Standing Derivatives	The net impacts to our consolidated statements of income related to free-standing derivatives are presented below for the three and six months ended June 30, 2022 and 2021. These gains or losses are recognized in other non-interest income on our consolidated statements of income. Table 8.5: Gains (Losses) on Free-Standing Derivatives Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2022 2021 2022 2021 Gains (losses) recognized in other non-interest income: Customer accommodation: Interest rate contracts $ 11 $ 8 $ 20 $ 18 Commodity contracts 11 4 17 9 Foreign exchange and other contracts 3 4 4 8 Total customer accommodation 25 16 41 35 Other interest rate exposures (12) (27) 14 (16) Other contracts (7) (1) (5) (1) Total $ 6 $ (12) $ 50 $ 18

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of Preferred Stock	The following table summarizes our preferred stock outstanding as of June 30, 2022 and December 31, 2021. Table 9.1: Preferred Stock Outstanding (1) Redeemable by Issuer Beginning Per Annum Dividend Rate Dividend Frequency Liquidation Preference per Share Total Shares Outstanding Carrying Value Series Description Issuance Date June 30, 2022 December 31, 2021 Series I 5.000% September 11, 2019 December 1, 2024 5.000% Quarterly $ 1,000 1,500,000 $ 1,462 $ 1,462 Series J 4.800% January 31, 2020 June 1, 2025 4.800 Quarterly 1,000 1,250,000 1,209 1,209 Series K 4.625% September 17, 2020 December 1, 2025 4.625 Quarterly 1,000 125,000 122 122 Series L 4.375% May 4, 2021 September 1, 2026 4.375 Quarterly 1,000 675,000 652 652 Series M 3.950% Fixed Rate Reset June 10, 2021 September 1, 2026 3.950% through 8/31/2026; resets 9/1/2026 and every subsequent 5 year anniversary at 5-Year Treasury Rate +3.157% Quarterly 1,000 1,000,000 988 988 Series N 4.250% July 29, 2021 September 1, 2026 4.250% Quarterly 1,000 425,000 412 412 Total $ 4,845 $ 4,845 __________ (1) Except for Series M , ownership is held in the form of depositary shares, each representing a 1/40th interest in a share of fixed-rate non-cumulative perpetual preferred stock.
Change in AOCI Gain (Loss) by Component (Net of Tax)	The following table includes the changes in AOCI by component for the three and six months ended June 30, 2022, and 2021. Table 9.2: AOCI Three Months Ended June 30, 2022 (Dollars in millions) Securities Available for Sale Hedging Relationships (1) Foreign Currency Translation Adjustments (2) Other Total AOCI as of March 31, 2022 $ (2,956) $ (1,091) $ (26) $ (20) $ (4,093) Other comprehensive income (loss) before reclassifications (2,293) (412) (52) 0 (2,757) Amounts reclassified from AOCI into earnings 5 (71) 0 0 (66) Other comprehensive income (loss), net of tax (2,288) (483) (52) 0 (2,823) AOCI as of June 30, 2022 $ (5,244) $ (1,574) $ (78) $ (20) $ (6,916) Six Months Ended June 30, 2022 (Dollars in millions) Securities Available for Sale Hedging Relationships (1) Foreign Currency Translation Adjustments (2) Other Total AOCI as of December 31, 2021 $ 297 $ 118 $ (21) $ (20) $ 374 Other comprehensive income (loss) before reclassifications (5,546) (1,535) (57) 0 (7,138) Amounts reclassified from AOCI into earnings 5 (157) 0 0 (152) Other comprehensive income (loss), net of tax (5,541) (1,692) (57) 0 (7,290) AOCI as of June 30, 2022 $ (5,244) $ (1,574) $ (78) $ (20) $ (6,916) Three Months Ended June 30, 2021 (Dollars in millions) Securities Available for Sale Hedging Relationships (1) Foreign Currency Translation Adjustments (2) Other Total AOCI as of March 31, 2021 $ 1,038 $ 781 $ (12) $ (24) $ 1,783 Other comprehensive income (loss) before reclassifications 51 193 9 0 253 Amounts reclassified from AOCI into earnings 0 (244) 0 0 (244) Other comprehensive income (loss), net of tax 51 (51) 9 0 9 AOCI as of June 30, 2021 $ 1,089 $ 730 $ (3) $ (24) $ 1,792 Six Months Ended June 30, 2021 (Dollars in millions) Securities Available for Sale Hedging Relationships (1) Foreign Currency Translation Adjustments (2) Other Total AOCI as of December 31, 2020 $ 2,186 $ 1,362 $ (31) $ (23) $ 3,494 Other comprehensive income (loss) before reclassifications (1,094) (145) 28 0 (1,211) Amounts reclassified from AOCI into earnings (3) (487) 0 (1) (491) Other comprehensive income (loss), net of tax (1,097) (632) 28 (1) (1,702) AOCI as of June 30, 2021 $ 1,089 $ 730 $ (3) $ (24) $ 1,792 __________ (1) Includes amounts related to cash flow hedges as well as the excluded component of cross-currency swaps designated as fair value hedges. (2) Includes other comprehensive gains of $174 million and $222 million for the three and six months ended June 30, 2022, respectively, and other comprehensive loss of $13 million and $34 million for the three and six months ended June 30, 2021, respectively, from hedging instruments designated as net investment hedges.
Reclassifications from AOCI	The following table presents amounts reclassified from each component of AOCI to our consolidated statements of income for the three and six months ended June 30, 2022 and 2021. Table 9.3: Reclassifications from AOCI (Dollars in millions) Three Months Ended June 30, Six Months Ended June 30, AOCI Components Affected Income Statement Line Item 2022 2021 2022 2021 Securities available for sale: Non-interest income (loss) $ (6) $ 0 $ (6) $ 4 Income tax provision (benefit) (1) 0 (1) 1 Net income (loss) (5) 0 (5) 3 (Dollars in millions) Three Months Ended June 30, Six Months Ended June 30, AOCI Components Affected Income Statement Line Item 2022 2021 2022 2021 Hedging relationships: Interest rate contracts: Interest income 63 245 190 480 Foreign exchange contracts: Interest income (1) 0 (1) 1 Interest expense 0 (1) (1) (2) Non-interest income 31 77 18 162 Income from continuing operations before income taxes 93 321 206 641 Income tax provision 22 77 49 154 Net income 71 244 157 487 Other: Non-interest income and non-interest expense 0 0 0 1 Net income 0 0 0 1 Total reclassifications $ 66 $ 244 $ 152 $ 491
Components of Other Comprehensive Income (Loss) and Related Tax Impact	The table below summarizes other comprehensive income (loss) activity and the related tax impact for the three and six months ended June 30, 2022 and 2021. Table 9.4: Other Comprehensive Income (Loss) Three Months Ended June 30, 2022 2021 (Dollars in millions) Before Provision After Before Provision After Other comprehensive income (loss): Net unrealized gains (losses) on securities available for sale $ (3,012) $ (724) $ (2,288) $ 66 $ 15 $ 51 Net unrealized losses on hedging relationships (634) (151) (483) (68) (17) (51) Foreign currency translation adjustments (1) 4 56 (52) 4 (5) 9 Other 0 0 0 0 0 0 Other comprehensive income (loss) $ (3,642) $ (819) $ (2,823) $ 2 $ (7) $ 9 Six Months Ended June 30, 2022 2021 (Dollars in millions) Before Provision After Before Provision After Other comprehensive income (loss): Net unrealized losses on securities available for sale $ (7,299) $ (1,758) $ (5,541) $ (1,446) $ (349) $ (1,097) Net unrealized losses on hedging relationships (2,227) (535) (1,692) (834) (202) (632) Foreign currency translation adjustments (1) 14 71 (57) 17 (11) 28 Other 0 0 0 (1) 0 (1) Other comprehensive loss $ (9,512) $ (2,222) $ (7,290) $ (2,264) $ (562) $ (1,702) __________ (1) Includes the impact of hedging instruments designated as net investment hedges.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Common Share	The following table sets forth the computation of basic and diluted earnings per common share. Table 10.1: Computation of Basic and Diluted Earnings per Common Share Three Months Ended June 30, Six Months Ended June 30, (Dollars and shares in millions, except per share data) 2022 2021 2022 2021 Income from continuing operations, net of tax $ 2,031 $ 3,537 $ 4,434 $ 6,864 Income (loss) from discontinued operations, net of tax 0 (1) 0 (3) Net income 2,031 3,536 4,434 6,861 Dividends and undistributed earnings allocated to participating securities (25) (30) (53) (58) Preferred stock dividends (57) (60) (114) (121) Net income available to common stockholders $ 1,949 $ 3,446 $ 4,267 $ 6,682 Total weighted-average basic common shares outstanding 391.2 450.6 400.8 454.6 Effect of dilutive securities: (1) Stock options 0.4 0.8 0.4 0.8 Other contingently issuable shares 1.0 0.9 1.1 0.8 Total effect of dilutive securities 1.4 1.7 1.5 1.6 Total weighted-average diluted common shares outstanding 392.6 452.3 402.3 456.2 Basic earnings per common share: Net income from continuing operations $ 4.98 $ 7.65 $ 10.65 $ 14.70 Net income per basic common share $ 4.98 $ 7.65 $ 10.65 $ 14.70 Diluted earnings per common share: (1) Net income from continuing operations $ 4.96 $ 7.62 $ 10.61 $ 14.65 Net income per diluted common share $ 4.96 $ 7.62 $ 10.61 $ 14.65 __________ (1) Excluded from the computation of diluted earnings per share were awards of 37 thousand shares and awards of 19 thousand for the three and six months ended June 30, 2022, respectively, because their inclusion would be anti-dilutive. There were no shares excluded from the computation of dilutive earnings per share for the three months ended June 30, 2021. For the six months ended June 30, 2021 , awards of 51 thousand shares were excluded from the computation of diluted earnings per share.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table displays our assets and liabilities measured on our consolidated balance sheets at fair value on a recurring basis as of June 30, 2022 and December 31, 2021. Table 11.1: Assets and Liabilities Measured at Fair Value on a Recurring Basis June 30, 2022 Fair Value Measurements Using Netting Adjustments (1) (Dollars in millions) Level 1 Level 2 Level 3 Total Assets: Securities available for sale: U.S. Treasury securities $ 8,624 $ 0 $ 0 — $ 8,624 RMBS 0 65,287 240 — 65,527 CMBS 0 7,561 13 — 7,574 Other securities 191 1,106 0 — 1,297 Total securities available for sale 8,815 73,954 253 — 83,022 Loans held for sale 0 767 0 — 767 Other assets: Derivative assets (2) 792 3,577 131 $ (1,067) 3,433 Other (3) 441 3 37 — 481 Total assets $ 10,048 $ 78,301 $ 421 $ (1,067) $ 87,703 Liabilities: Other liabilities: Derivative liabilities (2) $ 1,416 $ 3,104 $ 143 $ (1,395) $ 3,268 Total liabilities $ 1,416 $ 3,104 $ 143 $ (1,395) $ 3,268 December 31, 2021 Fair Value Measurements Using Netting Adjustments (1) (Dollars in millions) Level 1 Level 2 Level 3 Total Assets: Securities available for sale: U.S. Treasury securities $ 9,442 $ 0 $ 0 — $ 9,442 RMBS 0 73,358 258 — 73,616 CMBS 0 9,360 9 — 9,369 Other securities 206 2,628 0 — 2,834 Total securities available for sale 9,648 85,346 267 — 95,261 Loans held for sale 0 1,026 0 — 1,026 Other assets: Derivative assets (2) 406 2,200 84 $ (542) 2,148 Other (3) 526 6 41 — 573 Total assets $ 10,580 $ 88,578 $ 392 $ (542) $ 99,008 Liabilities: Other liabilities: Derivative liabilities (2) $ 838 $ 965 $ 65 $ (544) $ 1,324 Total liabilities $ 838 $ 965 $ 65 $ (544) $ 1,324 __________ (1) Represents balance sheet netting of derivative assets and liabilities, and related payables and receivables for cash collateral held or placed with the same counterparty. See “Note 8—Derivative Instruments and Hedging Activities” for additional information. (2) Does not reflect $8 million and $11 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of June 30, 2022 and December 31, 2021, respectively. Non-performance risk is included in derivative assets and liabilities, which are part of other assets and other liabilities on the consolidated balance sheets, and is recorded through non-interest income in the consolidated statements of income. (3) As of June 30, 2022 and December 31, 2021, other includes retained interests in securitizations o f $37 million and $41 million, deferred compensation plan assets of $432 million and $490 million, and equity securities of $12 million (including unrealiz ed loss of $19 million) and $42 million (including unrealized loss of $36 million), respectively.
Schedule of Level 3 Inputs Reconciliation	The table below presents a reconciliation for all assets and liabilities measured and recognized at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2022 and 2021. Generally, transfers into Level 3 were primarily driven by the usage of unobservable assumptions in the pricing of these financial instruments as evidenced by wider pricing variations among pricing vendors and transfers out of Level 3 were primarily driven by the usage of assumptions corroborated by market observable information as evidenced by tighter pricing among multiple pricing sources. Table 11.2: Level 3 Recurring Fair Value Rollforward Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended June 30, 2022 Total Gains (Losses) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2022 (1) (Dollars in millions) Balance, April 1, 2022 Included in Net Income (1) Included in OCI Purchases Sales Issuances Settlements Transfers Transfers Balance, June 30, 2022 Securities available for sale: (2) RMBS $ 211 $ 3 $ (8) $ 0 $ 0 $ 0 $ (15) $ 72 $ (23) $ 240 $ 2 CMBS 21 0 (1) 0 0 0 (4) 0 (3) 13 0 Total securities available for sale 232 3 (9) 0 0 0 (19) 72 (26) 253 2 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended June 30, 2022 Total Gains (Losses) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2022 (1) (Dollars in millions) Balance, April 1, 2022 Included in Net Income (1) Included in OCI Purchases Sales Issuances Settlements Transfers Transfers Balance, June 30, 2022 Other assets: Retained interests in securitizations 39 (2) 0 0 0 0 0 0 0 37 (2) Net derivative assets (liabilities) (3) 22 (46) 0 0 0 8 4 0 0 (12) (18) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Six Months Ended June 30, 2022 Total Gains (Losses) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2022 (1) (Dollars in millions) Balance, January 1, 2022 Included in Net Income (1) Included in OCI Purchases Sales Issuances Settlements Transfers Transfers Balance, June 30, 2022 Securities available for sale: (2) RMBS $ 258 $ 13 $ (20) $ 0 $ 0 $ 0 $ (43) $ 84 $ (52) $ 240 $ 5 CMBS 9 0 (1) 0 0 0 (5) 13 (3) 13 (1) Total securities available for sale 267 13 (21) 0 0 0 (48) 97 (55) 253 4 Other assets: Retained interests in securitizations 41 (4) 0 0 0 0 0 0 0 37 (4) Net derivative assets (liabilities) (3) 19 (41) 0 0 0 36 2 (28) 0 (12) (38) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended June 30, 2021 Total Gains (Losses) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2021 (1) (Dollars in millions) Balance, April 1, 2021 Included in Net Income (1) Included in OCI Purchases Sales Issuances Settlements Transfers Transfers Balance, June 30, 2021 Securities available for sale: (2) RMBS $ 326 $ 4 $ 2 $ 0 $ 0 $ 0 $ (25) $ 45 $ (63) $ 289 $ 4 CMBS 10 0 0 0 0 0 0 0 (1) 9 0 Total securities available for sale 336 4 2 0 0 0 (25) 45 (64) 298 4 Other assets: Retained interests in securitizations 50 (4) 0 0 0 0 0 0 0 46 (4) Net derivative assets (liabilities) (3) 34 11 0 0 0 (16) (15) 6 (1) 19 11 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Six Months Ended June 30, 2021 Total Gains (Losses) Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of June 30, 2021 (1) (Dollars in millions) Balance, January 1, 2021 Included in Net Income (1) Included in OCI Purchases Sales Issuances Settlements Transfers Transfers Balance, June 30, 2021 Securities available for sale: (2) RMBS $ 328 $ 11 $ 4 $ 0 $ 0 $ 0 $ (51) $ 84 $ (87) $ 289 $ 8 CMBS 111 0 (2) 0 0 0 (6) 0 (94) 9 0 Total securities available for sale 439 11 2 0 0 0 (57) 84 (181) 298 8 Other assets: Retained interests in securitizations 55 (9) 0 0 0 0 0 0 0 46 (9) Net derivative assets (liabilities) (3) 31 (10) 0 0 0 22 (29) 6 (1) 19 8 _________ (1) Realized gains (losses) on securities available for sale are included in net securities gains (losses) and retained interests in securitizations are reported as a component of non-interest income in our consolidated statements of income. Gains (losses) on derivatives are included as a component of net interest income or non-interest income in our consolidated statements of income. (2) For the three and six months ended June 30, 2022 included in OCI related to Level 3 securities available for sale still held as of June 30, 2022 were net unrealized losses of $11 million and $20 million . For the three and six months ended June 30, 2021, included in OCI related to Level 3 securities available for sale still held as of June 30, 2021 were net unrealized losses of $1 million and net unrealized gains of $2 million, respectively. (3) Includes derivative assets and liabilities of $131 million and $143 million, respectively, as of June 30, 2022 and $129 million and $110 million, respectively, as of June 30, 2021.
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis Quantitative Information	The following table presents the significant unobservable inputs used to determine the fair values of our Level 3 financial instruments on a recurring basis. We utilize multiple vendor pricing services to obtain fair value for our securities. Several of our vendor pricing services are only able to provide unobservable input information for a limited number of securities due to software licensing restrictions. Other vendor pricing services are able to provide unobservable input information for all securities for which they provide a valuation. As a result, the unobservable input information for the securities available for sale presented below represents a composite summary of all information we are able to obtain. The unobservable input information for all other Level 3 financial instruments is based on the assumptions used in our internal valuation models. Table 11.3: Quantitative Information about Level 3 Fair Value Measurements Quantitative Information about Level 3 Fair Value Measurements (Dollars in millions) Fair Value at Significant Significant Range Weighted Average (1) Securities available for sale: RMBS $ 240 Discounted cash flows (vendor pricing) Yield 0-14% 6-25% 0-11% 30-80% 5% 10% 2% 61% CMBS 13 Discounted cash flows (vendor pricing) Yield 2-4% 4% Other assets: Retained interests in securitizations (2) 37 Discounted cash flows Life of receivables (months) 30-37 9-18% 4-8% 1-3% 80-291% N/A Net derivative assets (liabilities) (12) Discounted cash flows Swap rates 3% 3% Quantitative Information about Level 3 Fair Value Measurements (Dollars in millions) Fair Value at Significant Significant Range Weighted Average (1) Securities available for sale: RMBS $ 258 Discounted cash flows (vendor pricing) Yield 0-21% 5-40% 1-11% 30-100% 3% 11% 2% 65% CMBS 9 Discounted cash flows (vendor pricing) Yield 1-2% 1% Other assets: Retained interests in securitizations (2) 41 Discounted cash flows Life of receivables (months) 29-36 9-18% 2-8% 3-4% 72-151% N/A Net derivative assets (liabilities) 19 Discounted cash flows Swap rates 1-2% 2% __________ (1) Weighted averages are calculated by using the product of the input multiplied by the relative fair value of the instruments. (2) Due to the nature of the various mortgage securitization structures in which we have retained interests, it is not meaningful to present a consolidated weighted average for the significant unobservable inputs.
Schedule of Assets Measured at Fair Value on Nonrecurring Basis	The following table presents the carrying value of the assets measured at fair value on a nonrecurring basis and still held as of June 30, 2022 and December 31, 2021, and for which a nonrecurring fair value measurement was recorded during the six and twelve months then ended. Table 11.4: Nonrecurring Fair Value Measurements June 30, 2022 Estimated Fair Value Hierarchy Total (Dollars in millions) Level 2 Level 3 Loans held for investment $ 0 $ 205 $ 205 Loans held for sale 91 0 91 Other assets (1) 0 91 91 Total $ 91 $ 296 $ 387 December 31, 2021 Estimated Fair Value Hierarchy Total (Dollars in millions) Level 2 Level 3 Loans held for investment $ 0 $ 194 $ 194 Loans held for sale 118 0 118 Other assets (1) 0 325 325 Total $ 118 $ 519 $ 637 __________ (1) As of June 30, 2022, other assets included investments accounted for under measurement alternative of $1 million, repossessed assets of $52 million and long-lived assets held for sale of $38 million. As of December 31, 2021, other assets included equity method investments of $50 million, investments accounted for under measurement alternative of $29 million, repossessed assets of $40 million and long-lived assets held for sale of $206 million.
Schedule of Earnings Related to Assets Measured at Fair Value on Nonrecurring Basis	The following table presents total nonrecurring fair value measurements for the period, included in earnings, attributable to the change in fair value relating to assets that are still held at June 30, 2022 and 2021. Table 11.5: Nonrecurring Fair Value Measurements Included in Earnings Total Gains (Losses) Six Months Ended June 30, (Dollars in millions) 2022 2021 Loans held for investment $ 31 $ (97) Loans held for sale (6) 0 Other assets (1) (28) (61) Total $ (3) $ (158) __________ (1) Other assets include fair value adjustments related to repossessed assets, long-lived assets held for sale and equity investments accounted for under the measurement alternative.
Schedule of Fair Value of Financial Instruments	The following table presents the carrying value and estimated fair value, including the level within the fair value hierarchy, of our financial instruments that are not measured at fair value on a recurring basis on our consolidated balance sheets as of June 30, 2022 and December 31, 2021. Table 11.6: Fair Value of Financial Instruments June 30, 2022 Carrying Estimated Estimated Fair Value Hierarchy (Dollars in millions) Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 21,553 $ 21,553 $ 4,825 $ 16,728 $ 0 Restricted cash for securitization investors 697 697 697 0 0 Net loans held for investment 284,893 287,254 0 0 287,254 Loans held for sale 108 110 0 110 0 Interest receivable 1,611 1,611 0 1,611 0 Other investments (1) 1,735 1,735 0 1,735 0 Financial liabilities: Deposits with defined maturities 22,225 22,026 0 22,026 0 Securitized debt obligations 17,466 17,446 0 17,446 0 Senior and subordinated notes 30,489 30,152 0 30,152 0 Federal funds purchased and securities loaned or sold under agreements to repurchase 440 440 0 440 0 Other borrowings (2) 10,500 10,501 0 10,501 0 Interest payable 333 333 0 333 0 December 31, 2021 Carrying Estimated Estimated Fair Value Hierarchy (Dollars in millions) Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 21,746 $ 21,746 $ 4,164 $ 17,582 $ 0 Restricted cash for securitization investors 308 308 308 0 0 Net loans held for investment 265,910 270,508 0 0 270,508 Loans held for sale 4,862 5,091 0 5,091 0 Interest receivable 1,460 1,460 0 1,460 0 Other investments (1) 1,344 1,344 0 1,344 0 Financial liabilities: Deposits with defined maturities 17,923 18,062 0 18,062 0 Securitized debt obligations 14,994 15,122 0 15,122 0 Senior and subordinated notes 27,219 27,842 0 27,842 0 Federal funds purchased and securities loaned or sold under agreements to repurchase 820 820 0 820 0 Interest payable 281 281 0 281 0 __________ (1) Other investments include FHLB and Federal Reserve stock. These investments are included in other assets on our consolidated balance sheets. (2) Other borrowings exclude capital lease obligations.

Business Segments and Revenue_2

Business Segments and Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Results and Reconciliation	The following table presents our business segment results for the three and six months ended June 30, 2022 and 2021, selected balance sheet data as of June 30, 2022 and 2021, and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, loans held for investment and deposits. Table 12.1: Segment Results and Reconciliation Three Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Net interest income (loss) $ 3,899 $ 2,147 $ 635 $ (164) $ 6,517 Non-interest income (loss) 1,410 96 272 (63) 1,715 Total net revenue (loss) (2) 5,309 2,243 907 (227) 8,232 Provision for credit losses 581 281 222 1 1,085 Non-interest expense 2,771 1,286 485 41 4,583 Income (loss) from continuing operations before income taxes 1,957 676 200 (269) 2,564 Income tax provision (benefit) 466 160 48 (141) 533 Income (loss) from continuing operations, net of tax $ 1,491 $ 516 $ 152 $ (128) $ 2,031 Loans held for investment $ 120,880 $ 81,531 $ 93,973 $ 0 $ 296,384 Deposits 0 255,904 38,844 13,137 307,885 Six Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Net interest income (loss) $ 7,738 $ 4,260 $ 1,242 $ (326) $ 12,914 Non-interest income (loss) 2,868 201 549 (127) 3,491 Total net revenue (loss) (2) 10,606 4,461 1,791 (453) 16,405 Provision (benefit) for credit losses 1,126 411 230 (5) 1,762 Non-interest expense 5,554 2,522 973 85 9,134 Income (loss) from continuing operations before income taxes 3,926 1,528 588 (533) 5,509 Income tax provision (benefit) 935 362 140 (362) 1,075 Income (loss) from continuing operations, net of tax $ 2,991 $ 1,166 $ 448 $ (171) $ 4,434 Loans held for investment $ 120,880 $ 81,531 $ 93,973 $ 0 $ 296,384 Deposits 0 255,904 38,844 13,137 307,885 Three Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Net interest income (loss) $ 3,217 $ 2,101 $ 460 $ (35) $ 5,743 Non-interest income (loss) 1,253 144 257 (23) 1,631 Total net revenue (loss) (2) 4,470 2,245 717 (58) 7,374 Provision (benefit) for credit losses (635) (306) (219) 0 (1,160) Non-interest expense 2,263 1,123 417 163 3,966 Income (loss) from continuing operations before income taxes 2,842 1,428 519 (221) 4,568 Income tax provision (benefit) 672 337 123 (101) 1,031 Income (loss) from continuing operations, net of tax $ 2,170 $ 1,091 $ 396 $ (120) $ 3,537 Loans held for investment $ 101,017 $ 74,759 $ 73,821 $ 0 $ 249,597 Deposits 0 251,155 42,973 12,180 306,308 Six Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Net interest income (loss) $ 6,589 $ 4,131 $ 980 $ (135) $ 11,565 Non-interest income (loss) 2,282 285 497 (142) 2,922 Total net revenue (loss) (2) 8,871 4,416 1,477 (277) 14,487 Provision (benefit) for credit losses (1,127) (432) (422) (2) (1,983) Non-interest expense 4,398 2,240 836 232 7,706 Income (loss) from continuing operations before income taxes 5,600 2,608 1,063 (507) 8,764 Income tax provision (benefit) 1,325 615 251 (291) 1,900 Income (loss) from continuing operations, net of tax $ 4,275 $ 1,993 $ 812 $ (216) $ 6,864 Loans held for investment $ 101,017 $ 74,759 $ 73,821 $ 0 $ 249,597 Deposits 0 251,155 42,973 12,180 306,308 __________ (1) Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reductions to the Other category. (2) Total net revenue was reduced by $211 million and $403 million in the three and six months ended June 30, 2022, respectively, and $175 million and $355 million in the three and six months ended June 30, 2021, respectively, for credit card finance charges and fees charged off as uncollectible.
Disaggregation of Revenue	The following table presents revenue from contracts with customers and a reconciliation to non-interest income by business segment for the three and six months ended June 30, 2022 and 2021. Table 12.2: Revenue from Contracts with Customers and Reconciliation to Segment Results Three Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Contract revenue: Interchange fees, net (2) $ 1,093 $ 80 $ 28 $ 0 $ 1,201 Service charges and other customer-related fees 0 21 63 0 84 Other 98 21 3 0 122 Total contract revenue 1,191 122 94 0 1,407 Revenue (reduction) from other sources 219 (26) 178 (63) 308 Total non-interest income (loss) $ 1,410 $ 96 $ 272 $ (63) $ 1,715 Six Months Ended June 30, 2022 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Contract revenue: Interchange fees, net (2) $ 2,030 $ 151 $ 52 $ 1 $ 2,234 Service charges and other customer-related fees 0 47 128 (1) 174 Other 193 38 1 0 232 Total contract revenue 2,223 236 181 0 2,640 Revenue (reduction) from other sources 645 (35) 368 (127) 851 Total non-interest income (loss) $ 2,868 $ 201 $ 549 $ (127) $ 3,491 Three Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Contract revenue: Interchange fees, net (2) $ 925 $ 67 $ 24 $ 0 $ 1,016 Service charges and other customer-related fees 0 45 66 0 111 Other 94 19 1 0 114 Total contract revenue 1,019 131 91 0 1,241 Revenue (reduction) from other sources 234 13 166 (23) 390 Total non-interest income (loss) $ 1,253 $ 144 $ 257 $ (23) $ 1,631 Six Months Ended June 30, 2021 (Dollars in millions) Credit Card Consumer Banking Commercial Banking (1) Other (1) Consolidated Total Contract revenue: Interchange fees, net (2) $ 1,668 $ 124 $ 41 $ 0 $ 1,833 Service charges and other customer-related fees 0 89 116 0 205 Other 164 38 2 0 204 Total contract revenue 1,832 251 159 0 2,242 Revenue (reduction) from other sources 450 34 338 (142) 680 Total non-interest income (loss) $ 2,282 $ 285 $ 497 $ (142) $ 2,922 __________ (1) Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reductions to the Other category. (2) Interchange fees are presented net of customer reward expenses.

Commitments, Contingencies, G_2

Commitments, Contingencies, Guarantees, and Others (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Letter of Credit and Other Loan Commitments	The following table presents the contractual amount and carrying value of our unfunded lending commitments as of June 30, 2022 and December 31, 2021. The carrying value represents our reserve and deferred revenue on legally binding commitments. Table 13.1: Unfunded Lending Commitments Contractual Amount Carrying Value (Dollars in millions) June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 Credit card lines $ 352,863 $ 368,508 N/A N/A Other loan commitments (1) 48,493 44,572 $ 193 $ 125 Standby letters of credit and commercial letters of credit (2) 1,504 1,419 31 24 Total unfunded lending commitments $ 402,860 $ 414,499 $ 224 $ 149 __________ (1) Includes $4.4 billion and $3.9 billion of advised lines of credit as of June 30, 2022 and December 31, 2021, respectively. (2) These financial guarantees have expiration dates that range from 2022 to 2027 as of June 30, 2022.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Segments (Details)	6 Months Ended
	Jun. 30, 2022 segment
Accounting Policies [Abstract]
Number of operating segments	3

Investment Securities Additiona

Investment Securities Additional Information (Details) - USD ($) $ in Millions			3 Months Ended		6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Accrued interest receivable	$ 204	$ 207
Proceeds from sales			$ 1,800	$ 0	$ 2,240	$ 595
Debt Securities, Available-for-sale, Realized Gain (Loss)			(6)		(6)	$ 4
Security Owned and Pledged as Collateral, Fair Value	20,000	20,800	20,000		20,000
Securities Received as Collateral	$ 28	$ 1	$ 28		$ 28

Investment Securities - Investm

Investment Securities - Investment Available for Sale (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 89,933	$ 94,871
Allowance for Credit Losses	(3)	(1)
Gross Unrealized Gains	246	1,387
Gross Unrealized Losses	(7,154)	(996)
Securities available for sale	83,022	95,261
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	8,664	9,419
Allowance for Credit Losses	0	0
Gross Unrealized Gains	4	23
Gross Unrealized Losses	(44)	0
Securities available for sale	8,624	9,442
RMBS, Agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	71,215	72,593
Allowance for Credit Losses	0	0
Gross Unrealized Gains	93	958
Gross Unrealized Losses	(6,603)	(931)
Securities available for sale	64,705	72,620
RMBS, Non-agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	687	792
Allowance for Credit Losses	(3)	(1)
Gross Unrealized Gains	140	205
Gross Unrealized Losses	(2)	0
Securities available for sale	822	996
RMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	71,902	73,385
Allowance for Credit Losses	(3)	(1)
Gross Unrealized Gains	233	1,163
Gross Unrealized Losses	(6,605)	(931)
Securities available for sale	65,527	73,616
CMBS, Agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	8,060	9,237
Allowance for Credit Losses	0	0
Gross Unrealized Gains	8	195
Gross Unrealized Losses	(494)	(63)
Securities available for sale	7,574	9,369
Other securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,307	2,830
Allowance for Credit Losses	0	0
Gross Unrealized Gains	1	6
Gross Unrealized Losses	(11)	(2)
Securities available for sale	1,297	2,834
Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Securities available for sale	$ 566	$ 2,000
US Treasury and Agency securities | Available-for-sale securities | Government Contracts Concentration Risk
Debt Securities, Available-for-sale [Line Items]
Percentage of portfolio	97%	96%

Investment Securities - Securit

Investment Securities - Securities in Gross Unrealized Loss Position (Details) $ in Millions	Jun. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	$ 56,366	$ 41,701
Fair Value - 12 Months or Longer	17,439	9,410
Fair Value - Total	73,805	51,111
Gross Unrealized Loss - Less than 12 Months	(4,402)	(670)
Gross Unrealized Loss - 12 Months or Longer	(2,751)	(326)
Gross Unrealized Loss - Total	$ (7,153)	$ (996)
Number of securities in gross unrealized loss positions | security	2,500	740
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	$ 4,098
Fair Value - 12 Months or Longer	0
Fair Value - Total	4,098
Gross Unrealized Loss - Less than 12 Months	(44)
Gross Unrealized Loss - 12 Months or Longer	0
Gross Unrealized Loss - Total	(44)
RMBS, Agency
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	45,363	$ 37,492
Fair Value - 12 Months or Longer	16,238	8,606
Fair Value - Total	61,601	46,098
Gross Unrealized Loss - Less than 12 Months	(4,001)	(632)
Gross Unrealized Loss - 12 Months or Longer	(2,602)	(299)
Gross Unrealized Loss - Total	(6,603)	(931)
RMBS, Non-agency
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	19	3
Fair Value - 12 Months or Longer	0	1
Fair Value - Total	19	4
Gross Unrealized Loss - Less than 12 Months	(1)	0
Gross Unrealized Loss - 12 Months or Longer	0	0
Gross Unrealized Loss - Total	(1)	0
RMBS
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	45,382	37,495
Fair Value - 12 Months or Longer	16,238	8,607
Fair Value - Total	61,620	46,102
Gross Unrealized Loss - Less than 12 Months	(4,002)	(632)
Gross Unrealized Loss - 12 Months or Longer	(2,602)	(299)
Gross Unrealized Loss - Total	(6,604)	(931)
CMBS, Agency
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	5,929	2,999
Fair Value - 12 Months or Longer	1,201	803
Fair Value - Total	7,130	3,802
Gross Unrealized Loss - Less than 12 Months	(345)	(36)
Gross Unrealized Loss - 12 Months or Longer	(149)	(27)
Gross Unrealized Loss - Total	(494)	(63)
Other securities
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	957	1,207
Fair Value - 12 Months or Longer	0	0
Fair Value - Total	957	1,207
Gross Unrealized Loss - Less than 12 Months	(11)	(2)
Gross Unrealized Loss - 12 Months or Longer	0	0
Gross Unrealized Loss - Total	$ (11)	$ (2)

Investment Securities - Contrac

Investment Securities - Contractual Maturities and Weighted-Average Yields of Securities (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Securities available for sale
Due in 1 year or less	$ 4,399
Due after 1 year through 5 years	7,569
Due after 5 years through 10 years	5,031
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	66,023
Securities available for sale	83,022	$ 95,261
Amortized cost of securities available for sale
Due in 1 year or less	4,399
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost	7,705
Due after 5 years through 10 years	5,365
Due > 10 Years	72,464
Amortized Cost	$ 89,933
Weighted average yield for securities available for sale
Due in 1 Year or Less	0.83%
Due > 1 Year through 5 Years	1.27%
Due > 5 Years through 10 Years	2.02%
Due > 10 Years	2.09%
Total weighted average yield	1.95%
U.S. Treasury securities
Securities available for sale
Due in 1 year or less	$ 3,893
Due after 1 year through 5 years	4,731
Due after 5 years through 10 years	0
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	0
Securities available for sale	8,624	9,442
RMBS, Agency
Securities available for sale
Due in 1 year or less	0
Due after 1 year through 5 years	106
Due after 5 years through 10 years	1,100
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	63,499
Securities available for sale	64,705	72,620
RMBS, Non-agency
Securities available for sale
Due in 1 year or less	0
Due after 1 year through 5 years	0
Due after 5 years through 10 years	0
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	822
Securities available for sale	822	996
RMBS
Securities available for sale
Due in 1 year or less	0
Due after 1 year through 5 years	106
Due after 5 years through 10 years	1,100
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	64,321
Securities available for sale	$ 65,527	73,616
Weighted average yield for securities available for sale
Weighted-average expected life	6 years 8 months 12 days
CMBS, Agency
Securities available for sale
Due in 1 year or less	$ 285
Due after 1 year through 5 years	1,897
Due after 5 years through 10 years	3,690
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	1,702
Securities available for sale	$ 7,574	9,369
Weighted average yield for securities available for sale
Weighted-average expected life	5 years 4 months 24 days
Other securities
Securities available for sale
Due in 1 year or less	$ 221
Due after 1 year through 5 years	835
Due after 5 years through 10 years	241
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	0
Securities available for sale	$ 1,297	$ 2,834

Loans - Additional Information

Loans - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable	$ 1,400		$ 1,400		$ 1,200
TDRs	2,200		2,200		1,600
Commitments to lend on loans modified in TDRs	166		166		168
Federal Home Loan banks
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans Pledged as Collateral	10,200		10,200		10,300
Line of Credit Facility, Remaining Borrowing Capacity	18,700		18,700		19,700
Federal Reserve Discount Window
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans Pledged as Collateral	34,500		34,500		26,500
Line of Credit Facility, Remaining Borrowing Capacity	22,100		22,100		19,600
Credit Card and Consumer Banking | Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
TDRs	1,300		1,300		1,100
Commercial Banking | Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
TDRs	333		333		$ 192
Domestic credit card: | Domestic Credit Card and Commercial Banking Portfolios [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans converted to term during period	$ 41	$ 38	$ 332	$ 135

Loans - Loan Portfolio Composit

Loans - Loan Portfolio Composition and Aging Analysis (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Current	$ 288,845	$ 270,655
Total	$ 296,384	$ 277,340
Current, percentage of total loans	97.46%	97.59%
Percentage of total loans	100%	100%
Unamortized premiums and discounts, deferred fees and costs	$ 1,400	$ 1,400
Credit Card
Financing Receivable, Past Due [Line Items]
Current	117,952	112,148
Total	120,880	114,772
Consumer Banking
Financing Receivable, Past Due [Line Items]
Current	77,606	74,028
Total	81,531	77,646
Consumer Banking | Auto
Financing Receivable, Past Due [Line Items]
Current	76,030	72,221
Total	79,926	75,779
Consumer Banking | Retail banking
Financing Receivable, Past Due [Line Items]
Current	1,576	1,807
Total	1,605	1,867
Commercial Banking
Financing Receivable, Past Due [Line Items]
Current	93,287	84,479
Total	93,973	84,922
Commercial Banking | Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
Current	37,507	35,100
Total	37,845	35,262
Commercial Banking | Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Current	55,780	49,379
Total	$ 56,128	$ 49,660
30-59 days
Financing Receivable, Past Due [Line Items]
Past due, percentage of total loans	1.34%	1.26%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 3,991	$ 3,501
30-59 days | Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	978	850
30-59 days | Consumer Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	2,576	2,420
30-59 days | Consumer Banking | Auto
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	2,566	2,385
30-59 days | Consumer Banking | Retail banking
Financing Receivable, Past Due [Line Items]
Total	10	35
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	10	35
30-59 days | Commercial Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	437	231
30-59 days | Commercial Banking | Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	212	92
30-59 days | Commercial Banking | Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 225	$ 139
60-89 days
Financing Receivable, Past Due [Line Items]
Past due, percentage of total loans	0.63%	0.60%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 1,862	$ 1,656
60-89 days | Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	663	578
60-89 days | Consumer Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1,085	940
60-89 days | Consumer Banking | Auto
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1,084	933
60-89 days | Consumer Banking | Retail banking
Financing Receivable, Past Due [Line Items]
Total	1	7
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1	7
60-89 days | Commercial Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	114	138
60-89 days | Commercial Banking | Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	70	35
60-89 days | Commercial Banking | Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 44	$ 103
Greater than 90 days
Financing Receivable, Past Due [Line Items]
Past due, percentage of total loans	0.57%	0.55%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 1,686	$ 1,528
Greater than 90 days | Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1,287	1,196
Greater than 90 days | Consumer Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	264	258
Greater than 90 days | Consumer Banking | Auto
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	246	240
Greater than 90 days | Consumer Banking | Retail banking
Financing Receivable, Past Due [Line Items]
Total	18	18
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	18	18
Greater than 90 days | Commercial Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	135	74
Greater than 90 days | Commercial Banking | Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	56	35
Greater than 90 days | Commercial Banking | Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 79	$ 39
Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Past due total, percentage of total loans	2.54%	2.41%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 7,539	$ 6,685
Financial Asset, Past Due | Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	2,928	2,624
Financial Asset, Past Due | Consumer Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	3,925	3,618
Financial Asset, Past Due | Consumer Banking | Auto
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	3,896	3,558
Financial Asset, Past Due | Consumer Banking | Retail banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	29	60
Financial Asset, Past Due | Commercial Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	686	443
Financial Asset, Past Due | Commercial Banking | Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	338	162
Financial Asset, Past Due | Commercial Banking | Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	348	281
Domestic credit card: | Credit Card
Financing Receivable, Past Due [Line Items]
Current	112,297	106,312
Total	115,004	108,723
Domestic credit card: | 30-59 days | Credit Card
Financing Receivable, Past Due [Line Items]
Total	896	773
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	896	773
Domestic credit card: | 60-89 days | Credit Card
Financing Receivable, Past Due [Line Items]
Total	615	528
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	615	528
Domestic credit card: | Greater than 90 days | Credit Card
Financing Receivable, Past Due [Line Items]
Total	1,196	1,110
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1,196	1,110
Domestic credit card: | Financial Asset, Past Due | Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	2,707	2,411
International card businesses: | Credit Card
Financing Receivable, Past Due [Line Items]
Current	5,655	5,836
Total	5,876	6,049
International card businesses: | 30-59 days | Credit Card
Financing Receivable, Past Due [Line Items]
Total	82	77
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	82	77
International card businesses: | 60-89 days | Credit Card
Financing Receivable, Past Due [Line Items]
Total	48	50
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	48	50
International card businesses: | Greater than 90 days | Credit Card
Financing Receivable, Past Due [Line Items]
Total	91	86
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	91	86
International card businesses: | Financial Asset, Past Due | Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 221	$ 213

Loans - 90+ Day Delinquent Loan

Loans - 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	$ 1,304		$ 1,304		$ 1,195
Nonperforming Loans	1,103		1,103		1,100
Nonperforming Loans Without an Allowance	$ 488		$ 488		$ 529
Percentage, 90 Days Past Due and Accruing	0.44%		0.44%		0.43%
Percentage, Nonperforming Loans	0.37%		0.37%		0.40%
Percentage, Nonperforming Loans Without an Allowance	0.16%		0.16%		0.19%
Interest income for loans classified as nonperforming	$ 1	$ 3	$ 11	$ 8
Credit Card
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	1,284		1,284		$ 1,192
Nonperforming Loans	8		8		10
Nonperforming Loans Without an Allowance	0		0		0
Credit Card | Domestic credit card:
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	1,196		1,196		1,110
Nonperforming Loans Without an Allowance	0		0		0
Credit Card | International card businesses:
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	88		88		82
Nonperforming Loans	8		8		10
Nonperforming Loans Without an Allowance	0		0		0
Consumer Banking
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	0		0		0
Nonperforming Loans	440		440		391
Nonperforming Loans Without an Allowance	8		8		4
Consumer Banking | Auto
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	0		0		0
Nonperforming Loans	398		398		344
Nonperforming Loans Without an Allowance	0		0		0
Consumer Banking | Retail banking
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	0		0		0
Nonperforming Loans	42		42		47
Nonperforming Loans Without an Allowance	8		8		4
Commercial Banking
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	20		20		3
Nonperforming Loans	655		655		699
Nonperforming Loans Without an Allowance	480		480		525
Commercial Banking | Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	20		20		3
Nonperforming Loans	294		294		383
Nonperforming Loans Without an Allowance	266		266		268
Commercial Banking | Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	0		0		0
Nonperforming Loans	361		361		316
Nonperforming Loans Without an Allowance	$ 214		$ 214		$ 257

Loans - Credit Card Delinquency

Loans - Credit Card Delinquency Status (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 296,384	$ 277,340
Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	120,537	114,361
Revolving loans converted to term	343	411
Total	120,880	114,772
Domestic credit card: | Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	114,704	108,364
Revolving loans converted to term	300	359
Total	115,004	108,723
International card businesses: | Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	5,833	5,997
Revolving loans converted to term	43	52
Total	5,876	6,049
Current | Domestic credit card: | Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	112,027	105,985
Revolving loans converted to term	270	327
Total	112,297	106,312
Current | International card businesses: | Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	5,621	5,795
Revolving loans converted to term	34	41
Total	5,655	5,836
30-59 days | Domestic credit card: | Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	884	760
Revolving loans converted to term	12	13
Total	896	773
30-59 days | International card businesses: | Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	79	73
Revolving loans converted to term	3	4
Total	82	77
60-89 days | Domestic credit card: | Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	607	519
Revolving loans converted to term	8	9
Total	615	528
60-89 days | International card businesses: | Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	45	47
Revolving loans converted to term	3	3
Total	48	50
Greater than 90 days | Domestic credit card: | Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	1,186	1,100
Revolving loans converted to term	10	10
Total	1,196	1,110
Greater than 90 days | International card businesses: | Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	88	82
Revolving loans converted to term	3	4
Total	$ 91	$ 86

Loans - Consumer Banking Portfo

Loans - Consumer Banking Portfolio by Credit Quality Indicator (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 296,384	$ 277,340
Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	20,911	38,021
Term loans by vintage year two	31,298	18,865
Term loans by vintage year three	14,669	10,789
Term loans by vintage year four	8,066	5,487
Term loans by vintage year five	3,828	2,816
Term loans by vintage after year five	2,412	1,287
Total term loans	81,184	77,265
Revolving loans	340	373
Revolving loans converted to term	7	8
Total	81,531	77,646
Auto | Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	20,785	37,736
Term loans by vintage year two	31,125	18,687
Term loans by vintage year three	14,569	10,615
Term loans by vintage year four	7,916	5,318
Term loans by vintage year five	3,684	2,639
Term loans by vintage after year five	1,847	784
Total term loans	79,926	75,779
Revolving loans	0	0
Revolving loans converted to term	0	0
Total	79,926	75,779
Retail banking | Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	126	285
Term loans by vintage year two	173	178
Term loans by vintage year three	100	174
Term loans by vintage year four	150	169
Term loans by vintage year five	144	177
Term loans by vintage after year five	565	503
Total term loans	1,258	1,486
Revolving loans	340	373
Revolving loans converted to term	7	8
Total	1,605	1,867
PPP loans	73	232
Current | Retail banking | Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	126	285
Term loans by vintage year two	173	171
Term loans by vintage year three	99	172
Term loans by vintage year four	150	161
Term loans by vintage year five	141	176
Term loans by vintage after year five	555	491
Total term loans	1,244	1,456
Revolving loans	326	345
Revolving loans converted to term	6	6
Total	1,576	1,807
30-59 days | Retail banking | Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	0	0
Term loans by vintage year two	0	2
Term loans by vintage year three	0	2
Term loans by vintage year four	0	7
Term loans by vintage year five	0	0
Term loans by vintage after year five	1	1
Total term loans	1	12
Revolving loans	9	23
Revolving loans converted to term	0	0
Total	10	35
60-89 days | Retail banking | Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	0	0
Term loans by vintage year two	0	4
Term loans by vintage year three	0	0
Term loans by vintage year four	0	0
Term loans by vintage year five	0	0
Term loans by vintage after year five	0	2
Total term loans	0	6
Revolving loans	1	1
Revolving loans converted to term	0	0
Total	1	7
Greater than 90 days | Retail banking | Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	0	0
Term loans by vintage year two	0	1
Term loans by vintage year three	1	0
Term loans by vintage year four	0	1
Term loans by vintage year five	3	1
Term loans by vintage after year five	9	9
Total term loans	13	12
Revolving loans	4	4
Revolving loans converted to term	1	2
Total	18	18
Greater than 660 | Auto | Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	12,004	20,758
Term loans by vintage year two	17,114	8,630
Term loans by vintage year three	6,768	4,739
Term loans by vintage year four	3,519	2,394
Term loans by vintage year five	1,615	1,153
Term loans by vintage after year five	740	301
Total term loans	41,760	37,975
Revolving loans	0	0
Revolving loans converted to term	0	0
Total	41,760	37,975
621-660 | Auto | Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	3,982	7,456
Term loans by vintage year two	6,134	3,721
Term loans by vintage year three	2,874	2,109
Term loans by vintage year four	1,566	1,084
Term loans by vintage year five	757	537
Term loans by vintage after year five	381	157
Total term loans	15,694	15,064
Revolving loans	0	0
Revolving loans converted to term	0	0
Total	15,694	15,064
620 or below | Auto | Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	4,799	9,522
Term loans by vintage year two	7,877	6,336
Term loans by vintage year three	4,927	3,767
Term loans by vintage year four	2,831	1,840
Term loans by vintage year five	1,312	949
Term loans by vintage after year five	726	326
Total term loans	22,472	22,740
Revolving loans	0	0
Revolving loans converted to term	0	0
Total	$ 22,472	$ 22,740

Loans - Commercial Banking_ Ris

Loans - Commercial Banking: Risk Profile by Internal Risk Rating (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 296,384	$ 277,340
Commercial Banking
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	18,982	19,811
Term loans by vintage year two	14,066	10,398
Term loans by vintage year three	7,680	10,239
Term loans by vintage year four	7,583	5,788
Term loans by vintage year five	4,571	2,919
Term loans by vintage after year five	9,138	8,492
Total term loans	62,020	57,647
Revolving loans	31,895	27,191
Revolving loans converted to term	58	84
Total	93,973	84,922
PPP loans	37	102
Commercial Banking | Commercial and multifamily real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	6,389	6,838
Term loans by vintage year two	5,107	3,119
Term loans by vintage year three	2,045	3,810
Term loans by vintage year four	2,994	2,738
Term loans by vintage year five	2,113	1,063
Term loans by vintage after year five	4,977	5,282
Total term loans	23,625	22,850
Revolving loans	14,195	12,387
Revolving loans converted to term	25	25
Total	37,845	35,262
Commercial Banking | Commercial and multifamily real estate | Noncriticized
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	5,997	6,590
Term loans by vintage year two	4,866	2,924
Term loans by vintage year three	1,769	3,393
Term loans by vintage year four	2,602	2,401
Term loans by vintage year five	1,825	793
Term loans by vintage after year five	3,443	3,538
Total term loans	20,502	19,639
Revolving loans	14,144	12,286
Revolving loans converted to term	25	0
Total	34,671	31,925
Commercial Banking | Commercial and multifamily real estate | Criticized | Criticized performing
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	289	248
Term loans by vintage year two	241	195
Term loans by vintage year three	271	329
Term loans by vintage year four	385	317
Term loans by vintage year five	269	261
Term loans by vintage after year five	1,374	1,478
Total term loans	2,829	2,828
Revolving loans	51	101
Revolving loans converted to term	0	25
Total	2,880	2,954
Commercial Banking | Commercial and multifamily real estate | Criticized | Criticized nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	103	0
Term loans by vintage year two	0	0
Term loans by vintage year three	5	88
Term loans by vintage year four	7	20
Term loans by vintage year five	19	9
Term loans by vintage after year five	160	266
Total term loans	294	383
Revolving loans	0	0
Revolving loans converted to term	0	0
Total	294	383
Commercial Banking | Commercial And Industrial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	12,593	12,973
Term loans by vintage year two	8,959	7,279
Term loans by vintage year three	5,635	6,429
Term loans by vintage year four	4,589	3,050
Term loans by vintage year five	2,458	1,856
Term loans by vintage after year five	4,161	3,210
Total term loans	38,395	34,797
Revolving loans	17,700	14,804
Revolving loans converted to term	33	59
Total	56,128	49,660
Commercial Banking | Commercial And Industrial [Member] | Noncriticized
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	11,980	12,662
Term loans by vintage year two	8,692	7,039
Term loans by vintage year three	5,339	5,506
Term loans by vintage year four	4,115	2,750
Term loans by vintage year five	2,244	1,730
Term loans by vintage after year five	4,046	3,033
Total term loans	36,416	32,720
Revolving loans	17,229	14,310
Revolving loans converted to term	33	59
Total	53,678	47,089
Commercial Banking | Commercial And Industrial [Member] | Criticized | Criticized performing
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	518	279
Term loans by vintage year two	227	188
Term loans by vintage year three	276	838
Term loans by vintage year four	381	207
Term loans by vintage year five	172	120
Term loans by vintage after year five	97	167
Total term loans	1,671	1,799
Revolving loans	418	456
Revolving loans converted to term	0	0
Total	2,089	2,255
Commercial Banking | Commercial And Industrial [Member] | Criticized | Criticized nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	95	32
Term loans by vintage year two	40	52
Term loans by vintage year three	20	85
Term loans by vintage year four	93	93
Term loans by vintage year five	42	6
Term loans by vintage after year five	18	10
Total term loans	308	278
Revolving loans	53	38
Revolving loans converted to term	0	0
Total	$ 361	$ 316

Loans - Trouble Debt Restructur

Loans - Trouble Debt Restructurings (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 629	$ 160	$ 1,134	$ 422
Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 87	$ 60	$ 183	$ 143
Credit Card | Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	100%	100%	100%	100%
Average Rate Reduction	19.70%	21.22%	19.54%	21.43%
Consumer Banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 280	$ 66	$ 520	$ 181
Consumer Banking | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	97%	91%	97%	94%
Average Term Extension (Months)	4 months	4 months	4 months	3 months
Consumer Banking | Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	49%	38%	52%	36%
Average Rate Reduction	8.56%	8.62%	8.68%	8.85%
Consumer Banking | Auto
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 280	$ 65	$ 519	$ 180
Consumer Banking | Auto | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	97%	91%	97%	94%
Average Term Extension (Months)	4 months	4 months	4 months	3 months
Consumer Banking | Auto | Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	49%	39%	52%	36%
Average Rate Reduction	8.56%	8.62%	8.68%	8.87%
Consumer Banking | Retail banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified		$ 1	$ 1	$ 1
Consumer Banking | Retail banking | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity		100%	100%	69%
Average Term Extension (Months)		41 months	12 months	28 months
Consumer Banking | Retail banking | Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity				31%
Average Rate Reduction				3.77%
Commercial Banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 262	$ 34	$ 431	$ 98
Commercial Banking | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	62%	56%	64%	51%
Average Term Extension (Months)	14 months	17 months	13 months	11 months
Commercial Banking | Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity			2%
Average Rate Reduction			0.29%
Commercial Banking | Commercial and multifamily real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 133		$ 264	$ 20
Commercial Banking | Commercial and multifamily real estate | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	91%		77%	100%
Average Term Extension (Months)	14 months		13 months	14 months
Commercial Banking | Commercial and multifamily real estate | Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity			4%
Average Rate Reduction			0.29%
Commercial Banking | Commercial And Industrial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 129	$ 34	$ 167	$ 78
Commercial Banking | Commercial And Industrial [Member] | Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	33%	56%	45%	38%
Average Term Extension (Months)	13 months	17 months	12 months	8 months
Domestic credit card: | Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 57	$ 33	$ 119	$ 77
Domestic credit card: | Credit Card | Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	100%	100%	100%	100%
Average Rate Reduction	15.56%	16.07%	15.09%	16.10%
International card businesses: | Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 30	$ 27	$ 64	$ 66
International card businesses: | Credit Card | Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	100%	100%	100%	100%
Average Rate Reduction	27.65%	27.45%	27.83%	27.62%

Loans - TDR - Subsequent Defaul

Loans - TDR - Subsequent Defaults (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) contract	Jun. 30, 2021 USD ($) contract	Jun. 30, 2022 USD ($) contract	Jun. 30, 2021 USD ($) contract
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	31,164	21,334	55,655	45,706
Total Loans | $	$ 104	$ 198	$ 198	$ 265
Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	27,623	19,053	50,142	41,389
Total Loans | $	$ 37	$ 31	$ 67	$ 69
Consumer Banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	3,539	2,274	5,510	4,310
Total Loans | $	$ 63	$ 35	$ 96	$ 64
Consumer Banking | Auto
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	3,539	2,271	5,510	4,302
Total Loans | $	$ 63	$ 35	$ 96	$ 64
Consumer Banking | Retail banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	3	0	8
Total Loans | $	$ 0	$ 0	$ 0	$ 0
Commercial Banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	2	7	3	7
Total Loans | $	$ 4	$ 132	$ 35	$ 132
Commercial Banking | Commercial And Industrial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	2	6	3	6
Total Loans | $	$ 4	$ 82	$ 35	$ 82
Commercial Banking | Commercial and multifamily real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	1	0	1
Total Loans | $	$ 0	$ 50	$ 0	$ 50
Domestic credit card: | Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	8,012	4,226	14,024	9,360
Total Loans | $	$ 17	$ 8	$ 28	$ 18
International card businesses: | Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	19,611	14,827	36,118	32,029
Total Loans | $	$ 20	$ 23	$ 39	$ 51

Allowance for Credit Losses a_3

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit loss	$ 11,491		$ 11,430
Allowance for credit losses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit loss	$ 11,491	$ 11,308	$ 11,430	$ 12,346	$ 14,017	$ 15,564

Allowance for Credit Losses a_4

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments - Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance			$ 11,430
Balance at the end of the period	$ 11,491		11,491
Provision (benefit) for credit losses	1,085	$ (1,160)	1,762	$ (1,983)
Other
Allowance for Credit Losses [Roll Forward]
Provision (benefit) for credit losses	1	0	(5)	(2)
Allowance for credit losses
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	11,308	14,017	11,430	15,564
Allowance build (release) for credit losses	200	(1,678)	81	(3,231)
Other changes	(17)	7	(20)	13
Balance at the end of the period	11,491	12,346	11,491	12,346
Financing Receivable, Allowance for Credit Loss, Writeoff	(1,383)	(1,235)	(2,704)	(2,589)
Recoveries	538	694	1,092	1,308
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(845)	(541)	(1,612)	(1,281)
Provision (benefit) for credit losses	1,045	(1,137)	1,693	(1,950)
Increase (Decrease) in Allowance for Credit Loss			61
Reserve for unfunded lending commitments
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	200	187	165	195
Balance at the end of the period	239	164	239	164
Provision (benefit) for credit losses	39	(23)	74	(31)
Combined allowance and reserve
Allowance for Credit Losses [Roll Forward]
Balance at the end of the period	11,730	12,510	11,730	12,510
Credit Card | Allowance for credit losses
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	8,280	10,072	8,345	11,191
Allowance build (release) for credit losses	(97)	(1,206)	(159)	(2,331)
Other changes	(17)	7	(20)	13
Balance at the end of the period	8,166	8,873	8,166	8,873
Financing Receivable, Allowance for Credit Loss, Writeoff	(1,009)	(967)	(1,964)	(1,960)
Recoveries	331	396	679	756
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(678)	(571)	(1,285)	(1,204)
Provision (benefit) for credit losses	581	(635)	1,126	(1,127)
Credit Card | Reserve for unfunded lending commitments
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	0	0	0	0
Balance at the end of the period	0	0	0	0
Provision (benefit) for credit losses	0	0	0	0
Credit Card | Combined allowance and reserve
Allowance for Credit Losses [Roll Forward]
Balance at the end of the period	8,166	8,873	8,166	8,873
Consumer Banking | Allowance for credit losses
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,902	2,498	1,918	2,715
Allowance build (release) for credit losses	145	(295)	129	(512)
Other changes	0	0	0	0
Balance at the end of the period	2,047	2,203	2,047	2,203
Financing Receivable, Allowance for Credit Loss, Writeoff	(331)	(260)	(680)	(602)
Recoveries	195	271	398	522
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(136)	11	(282)	(80)
Provision (benefit) for credit losses	281	(306)	411	(432)
Consumer Banking | Reserve for unfunded lending commitments
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	0	0	0	0
Balance at the end of the period	0	0	0	0
Provision (benefit) for credit losses	0	0	0	0
Consumer Banking | Combined allowance and reserve
Allowance for Credit Losses [Roll Forward]
Balance at the end of the period	2,047	2,203	2,047	2,203
Commercial Banking | Allowance for credit losses
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,126	1,447	1,167	1,658
Allowance build (release) for credit losses	152	(177)	111	(388)
Other changes	0	0	0	0
Balance at the end of the period	1,278	1,270	1,278	1,270
Financing Receivable, Allowance for Credit Loss, Writeoff	(43)	(8)	(60)	(27)
Recoveries	12	27	15	30
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(31)	19	(45)	3
Provision (benefit) for credit losses	183	(196)	156	(391)
Commercial Banking | Reserve for unfunded lending commitments
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	200	187	165	195
Balance at the end of the period	239	164	239	164
Provision (benefit) for credit losses	39	(23)	74	(31)
Commercial Banking | Combined allowance and reserve
Allowance for Credit Losses [Roll Forward]
Balance at the end of the period	$ 1,517	$ 1,434	$ 1,517	$ 1,434

Allowance for Credit Losses a_5

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments - Summary of Loss Sharing Arrangements (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses	$ 1,085	$ (1,160)	$ 1,762	$ (1,983)
Loss sharing agreements
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Expected reimbursement from loss sharing partners, beginning balance	1,366	2,005	1,450	2,159
Financing Receivable, Allowance for Credit Loss, Writeoff	(119)	(128)	(226)	(269)
Provision (benefit) for credit losses	55	(166)	78	(179)
Expected reimbursement from loss sharing partners, ending balance	$ 1,302	$ 1,711	$ 1,302	$ 1,711

Variable Interest Entities an_3

Variable Interest Entities and Securitizations - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Variable Interest Entity [Line Items]
Amortization method qualified affordable housing investments, amortization	$ 322	$ 317
Affordable housing tax credits	467	$ 423
Amortization method qualified affordable housing investments	4,800		$ 4,700
Qualified affordable housing investments, commitment	1,700		1,700
Carrying Amount of Assets	440,288		432,381
VIE, reporting entity involvement, maximum loss exposure	5,129		5,157
Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	5,129		5,157
Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	27,534		26,458
Affordable housing entities
Variable Interest Entity [Line Items]
VIE, reporting entity involvement, maximum loss exposure	4,774		4,774
Affordable housing entities | Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	4,774		4,774
Total assets of the unconsolidated VIE investment funds	12,200		11,900
Affordable housing entities | Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	260		263
Entities that provide capital to low-income and rural communities
Variable Interest Entity [Line Items]
VIE, reporting entity involvement, maximum loss exposure	0		0
Entities that provide capital to low-income and rural communities | Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0		0
Entities that provide capital to low-income and rural communities | Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	2,331		2,074
Other
Variable Interest Entity [Line Items]
VIE, reporting entity involvement, maximum loss exposure	355		383
Other | Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	355		383
Other | Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	$ 0		$ 0

Variable Interest Entities an_4

Variable Interest Entities and Securitizations - Carrying Amount of Consolidated and Unconsolidated VIEs (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	$ 5,129	$ 5,157
Carrying Amount of Assets	440,288	432,381
Carrying Amount of Liabilities	386,878	371,352
Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	27,534	26,458
Carrying Amount of Liabilities	18,124	15,256
Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	5,129	5,157
Carrying Amount of Liabilities	1,499	1,454
Affordable housing entities
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	4,774	4,774
VIE, nonconsolidated, carrying amount of assets included in certain investment structures	2,200	2,200
VIE, nonconsolidated, carrying amount of liabilities included in certain investment structures	548	568
Affordable housing entities | Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	260	263
Carrying Amount of Liabilities	20	27
Affordable housing entities | Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	4,774	4,774
Carrying Amount of Liabilities	1,499	1,454
Entities that provide capital to low-income and rural communities
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	0	0
Entities that provide capital to low-income and rural communities | Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	2,331	2,074
Carrying Amount of Liabilities	10	26
Entities that provide capital to low-income and rural communities | Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0	0
Carrying Amount of Liabilities	0	0
Other
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	355	383
Other | Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0	0
Carrying Amount of Liabilities	0	0
Other | Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	355	383
Carrying Amount of Liabilities	0	0
Total other VIEs
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	5,129	5,157
Total other VIEs | Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	2,591	2,337
Carrying Amount of Liabilities	30	53
Total other VIEs | Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	5,129	5,157
Carrying Amount of Liabilities	1,499	1,454
Credit card loan securitizations
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	0	0
Credit card loan securitizations | Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	21,065	21,569
Carrying Amount of Liabilities	14,851	13,016
Credit card loan securitizations | Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0	0
Carrying Amount of Liabilities	0	0
Auto loan securitizations
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	0	0
Auto loan securitizations | Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	3,878	2,552
Carrying Amount of Liabilities	3,243	2,187
Auto loan securitizations | Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0	0
Carrying Amount of Liabilities	0	0
Total securitization-related VIEs
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	0	0
Total securitization-related VIEs | Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	24,943	24,121
Carrying Amount of Liabilities	18,094	15,203
Total securitization-related VIEs | Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0	0
Carrying Amount of Liabilities	$ 0	$ 0

Variable Interest Entities an_5

Variable Interest Entities and Securitizations - Continuing Involvement in Securitization Related VIEs (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Credit Card
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Securities held by third-party investors, non-mortgage	$ 14,226	$ 12,808
Receivables in the trust, non-mortgage	21,343	22,454
Cash balance of spread or reserve accounts, non-mortgage	0	0
Auto
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Securities held by third-party investors, non-mortgage	3,240	2,186
Receivables in the trust, non-mortgage	3,702	2,418
Cash balance of spread or reserve accounts, non-mortgage	$ 18	$ 13

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 14	$ 5	$ 28	$ 11

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Components (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Schedule of Intangible Assets by Major Class [Line Items]
Goodwill, gross	$ 14,778	$ 14,782
Goodwill	14,778	14,782
Intangible assets, gross (excluding Goodwill)	242	242
Accumulated amortization	(159)	(131)
Intangible assets, net (excluding Goodwill)	83	111
Intangible assets gross including Goodwill	15,020	15,024
Total goodwill and other intangible assets, net carrying value	14,861	14,893
Commercial MSRs, gross	650	622
Commercial MSR, accumulated amortization	(215)	(202)
Total commercial MSRs	435	420
PCCR intangibles
Schedule of Intangible Assets by Major Class [Line Items]
Intangible assets, gross (excluding Goodwill)	29	29
Accumulated amortization	(13)	(10)
Intangible assets, net (excluding Goodwill)	16	19
Other intangible assets
Schedule of Intangible Assets by Major Class [Line Items]
Intangible assets, gross (excluding Goodwill)	213	213
Accumulated amortization	(146)	(121)
Intangible assets, net (excluding Goodwill)	$ 67	$ 92

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Goodwill Business Segments (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill	$ 14,778	$ 14,782
Other adjustments	(4)
Credit Card
Goodwill [Roll Forward]
Goodwill	5,079	5,087
Other adjustments	(8)
Consumer Banking
Goodwill [Roll Forward]
Goodwill	4,645	4,645
Other adjustments	0
Commercial Banking
Goodwill [Roll Forward]
Goodwill	5,054	$ 5,050
Other adjustments	$ 4

Deposits and Borrowings - Depos

Deposits and Borrowings - Deposits and Short-term Borrowings (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Deposits [Abstract]
Non-interest-bearing deposits	$ 37,004	$ 38,043
Interest-bearing deposits	270,881	272,937
Total deposits	307,885	310,980	$ 306,308
Short-term borrowings
Short-term borrowings	440	820
Time deposits, at or above FDIC insurance limit	2,100	1,800
Federal funds purchased and securities loaned or sold under agreements to repurchase
Short-term borrowings
Short-term borrowings	$ 440	$ 820

Deposits and Borrowings - Long-

Deposits and Borrowings - Long-Term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total long-term debt	$ 58,498	$ 42,266
Total short-term borrowings and long-term debt	58,938	43,086
EUR denominated unsecured notes	30,489	27,219
Euro
Debt Instrument [Line Items]
EUR denominated unsecured notes	$ 1,200	1,400
Securitized debt obligations
Debt Instrument [Line Items]
Weighted average interest rate	2.02%
Carrying value	$ 17,466	14,994
Total senior and subordinated notes
Debt Instrument [Line Items]
Carrying value	$ 30,489	27,219
Senior notes | Total unsecured senior debt
Debt Instrument [Line Items]
Weighted average interest rate	3.16%
Carrying value	$ 25,279	21,684
Senior notes | Fixed unsecured senior debt
Debt Instrument [Line Items]
Weighted average interest rate	3.23%
Carrying value	$ 23,444	19,975
Senior notes | Floating unsecured senior debt
Debt Instrument [Line Items]
Weighted average interest rate	2.28%
Carrying value	$ 1,835	1,709
Subordinated notes | Fixed unsecured subordinated debt
Debt Instrument [Line Items]
Weighted average interest rate	3.52%
Carrying value	$ 5,210	5,535
FHLB advances
Debt Instrument [Line Items]
Weighted average interest rate	1.70%
Carrying value	$ 10,500	0
Finance lease liabilities
Debt Instrument [Line Items]
Weighted average interest rate	3.65%
Carrying value	$ 43	53
Total other long-term borrowings
Debt Instrument [Line Items]
Carrying value	$ 10,543	$ 53
Minimum | Securitized debt obligations
Debt Instrument [Line Items]
Stated interest rates	0.32%
Minimum | Senior notes | Fixed unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	0.80%
Minimum | Senior notes | Floating unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	1.96%
Minimum | Subordinated notes | Fixed unsecured subordinated debt
Debt Instrument [Line Items]
Stated interest rates	2.36%
Minimum | FHLB advances
Debt Instrument [Line Items]
Stated interest rates	1.62%
Minimum | Finance lease liabilities
Debt Instrument [Line Items]
Stated interest rates	0.30%
Maximum | Securitized debt obligations
Debt Instrument [Line Items]
Stated interest rates	3.49%
Maximum | Senior notes | Fixed unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	5.27%
Maximum | Senior notes | Floating unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	2.86%
Maximum | Subordinated notes | Fixed unsecured subordinated debt
Debt Instrument [Line Items]
Stated interest rates	4.20%
Maximum | FHLB advances
Debt Instrument [Line Items]
Stated interest rates	1.77%
Maximum | Finance lease liabilities
Debt Instrument [Line Items]
Stated interest rates	9.91%

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Additional Information (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Loss (net after-tax) recorded in AOCI related to derivatives designated as cash flow hedges expected to be reclassified to earnings over the next 12 months	$ (431)
Maximum length of time over which forecasted transactions were hedged, years	5 years 8 months 12 days

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Derivative Assets and Liabilities at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Notional or contractual amount	$ 248,425	$ 213,069
Derivative assets, gross amount	4,500	2,690
Derivative liabilities, gross amount	(4,663)	(1,868)
Derivative asset, netting adjustments	(1,067)	(542)
Derivative liability, netting adjustments	(1,395)	(544)
Total derivative assets	3,433	2,148
Total derivative liabilities	3,268	1,324
Net valuation allowance on derivative assets and liabilities for non-performance risk	8	11
Derivatives designated as accounting hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	123,470	111,618
Derivative assets, gross amount	613	326
Derivative liabilities, gross amount	(455)	(39)
Derivatives designated as accounting hedges | Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional or contractual amount	116,131	102,059
Derivative assets, gross amount	295	246
Derivative liabilities, gross amount	(259)	(19)
Derivatives designated as accounting hedges | Interest rate contracts | Fair value hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	60,231	49,659
Derivative assets, gross amount	162	2
Derivative liabilities, gross amount	(14)	(3)
Derivatives designated as accounting hedges | Interest rate contracts | Cash flow hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	55,900	52,400
Derivative assets, gross amount	133	244
Derivative liabilities, gross amount	(245)	(16)
Derivatives designated as accounting hedges | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional or contractual amount	7,339	9,559
Derivative assets, gross amount	318	80
Derivative liabilities, gross amount	(196)	(20)
Derivatives designated as accounting hedges | Foreign exchange contracts | Fair value hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	1,311	1,421
Derivative assets, gross amount	0	13
Derivative liabilities, gross amount	(192)	0
Derivatives designated as accounting hedges | Foreign exchange contracts | Cash flow hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	1,936	4,679
Derivative assets, gross amount	25	24
Derivative liabilities, gross amount	(4)	(20)
Derivatives designated as accounting hedges | Foreign exchange contracts | Net investment hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	4,092	3,459
Derivative assets, gross amount	293	43
Derivative liabilities, gross amount	0	0
Derivatives not designated as accounting hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	124,955	101,451
Derivative assets, gross amount	3,887	2,364
Derivative liabilities, gross amount	(4,208)	(1,829)
Derivatives not designated as accounting hedges | Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	121,525	97,524
Derivative assets, gross amount	3,849	2,329
Derivative liabilities, gross amount	(4,189)	(1,797)
Derivatives not designated as accounting hedges | Interest rate contracts | Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	85,971	71,724
Derivative assets, gross amount	427	620
Derivative liabilities, gross amount	(1,257)	(194)
Derivatives not designated as accounting hedges | Interest rate contracts | Other interest rate exposures
Derivatives, Fair Value [Line Items]
Notional or contractual amount	1,405	1,899
Derivative assets, gross amount	32	33
Derivative liabilities, gross amount	(19)	(25)
Derivatives not designated as accounting hedges | Foreign exchange contracts | Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	4,382	3,779
Derivative assets, gross amount	87	40
Derivative liabilities, gross amount	(74)	(42)
Derivatives not designated as accounting hedges | Commodity contracts | Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	31,172	22,021
Derivative assets, gross amount	3,335	1,669
Derivative liabilities, gross amount	(2,858)	(1,561)
Derivatives not designated as accounting hedges | Other contracts
Derivatives, Fair Value [Line Items]
Notional or contractual amount	2,025	2,028
Derivative assets, gross amount	6	2
Derivative liabilities, gross amount	$ 0	$ (7)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Hedged Items in Fair Value Hedging Relationship (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Hedged Items In Fair Value Hedging Relationship [Line Items]
Hedged Assets, Fair Value Hedge, Cumulative Increase (Decrease)	$ (11)	$ 3
Hedged Assets, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	238
Prepayable Financial Asset Closed Portfolio, Last-of-Layer, Amortized Cost	225
Available-for-sale securities
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount of Assets	7,875	10,327
Hedged Assets, Fair Value Hedge, Cumulative Increase (Decrease)	24	286
Hedged Assets, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	239	295
Interest-bearing deposits
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount Of Liabilities	(10,936)	(7,361)
Hedged Liabilities, Fair Value Hedge, Cumulative Increase (Decrease)	142	(47)
Hedged Liabilities, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	(1)	(1)
Securitized debt obligations
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount Of Liabilities	(13,173)	(11,155)
Hedged Liabilities, Fair Value Hedge, Cumulative Increase (Decrease)	472	49
Hedged Liabilities, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	0	3
Senior and subordinated notes
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount Of Liabilities	(26,660)	(22,777)
Hedged Liabilities, Fair Value Hedge, Cumulative Increase (Decrease)	780	(531)
Hedged Liabilities, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	$ (616)	$ (708)

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Offsetting Assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative assets
Derivative assets, gross amount	$ 4,500	$ 2,690
Derivative assets, offsetting financial instruments	(485)	(252)
Derivative assets, offsetting cash collateral	(582)	(290)
Total derivative assets	3,433	2,148
Derivative assets, securities not netted	0	0
Net Exposure	3,433	2,148
Derivative, collateral, obligation to return cash	725	377
Derivative, collateral, obligation to return securities	28	1
Derivative, collateral, right to reclaim cash	$ 4,300	$ 2,000

Derivative Instruments and He_8

Derivative Instruments and Hedging Activities - Offsetting Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative liabilities
Derivative liabilities, gross amount	$ 4,663	$ 1,868
Derivative liabilities, offsetting financial instruments	(485)	(252)
Derivative liabilities, offsetting cash collateral	(910)	(292)
Total derivative liabilities	3,268	1,324
Derivative liabilities, securities collateral not netted	0	0
Net exposure	3,268	1,324
Repurchase agreements
Gross amounts	440	820
Repurchase agreements, securities sold, offset	0	0
Repurchase agreements, cash collateral pledged, offset	0	0
Net amounts as recognized	440	820
Repurchase agreements, securities collateral not netted	(440)	(820)
Net exposure	0	0
Derivative, collateral, obligation to return cash	725	377
Derivative, collateral, obligation to return securities	28	1
Derivative, collateral, right to reclaim cash	4,300	2,000
Securities sold under repurchase agreements, fair value of collateral	$ 449	$ 836

Derivative Instruments and He_9

Derivative Instruments and Hedging Activities - Effects of Fair Value and Cash Flow Hedge Accounting (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Interest and dividend income, securities	$ 435	$ 370	$ 837	$ 761
Interest and fee income, loans	6,605	5,753	12,972	11,607
Interest and dividend income, other	55	16	70	32
Deposits	(293)	(237)	(511)	(506)
Securitized debt obligations	(65)	(28)	(94)	(60)
Senior and subordinated notes	(194)	(122)	(325)	(251)
Non-interest income (loss)	99	231	442	353
Amortization expense (benefit)	(17)	(22)	(34)	(44)
Loss (net after-tax) recorded in AOCI related to derivatives designated as cash flow hedges expected to be reclassified to earnings over the next 12 months			$ 431
Maximum length of time over which forecasted transactions were hedged, years			5 years 8 months 12 days
Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Realized losses (gains) on foreign exchange contracts reclassified from AOCI	31	77	$ 18	162
Cash flow hedges | Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	11	0	20
Cash flow hedges | Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	63	234	190	460
Cash flow hedges | Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	(1)	0	(1)	1
Cash flow hedges | Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	0	0	0
Cash flow hedges | Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	0	0	0
Cash flow hedges | Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	0	0	0
Cash flow hedges | Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	1	0	1
Cash flow hedges | Interest rate contracts | Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	11	0	20
Cash flow hedges | Interest rate contracts | Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	63	234	190	460
Cash flow hedges | Interest rate contracts | Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges | Interest rate contracts | Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges | Interest rate contracts | Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges | Interest rate contracts | Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges | Interest rate contracts | Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges | Foreign exchange contracts | Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges | Foreign exchange contracts | Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges | Foreign exchange contracts | Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	(1)	0	(1)	1
Cash flow hedges | Foreign exchange contracts | Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges | Foreign exchange contracts | Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges | Foreign exchange contracts | Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges | Foreign exchange contracts | Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	1	0	1
Fair value hedges | Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	(17)	(32)	(51)	(62)
Fair value hedges | Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	0	0	0	0
Fair value hedges | Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	0	0	0	0
Fair value hedges | Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	22	34	43	70
Fair value hedges | Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	7	24	32	52
Fair value hedges | Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	50	89	127	182
Fair value hedges | Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	(1)	0	(1)	0
Fair value hedges | Interest rate contracts | Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	8	(25)	0	(50)
Gains (losses) recognized on derivatives	36	11	211	111
Gains (losses) recognized on hedged items	(61)	(18)	(262)	(123)
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Fair value hedges | Interest rate contracts | Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	0	0	0	0
Gains (losses) recognized on derivatives	0	0	0	0
Gains (losses) recognized on hedged items	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Fair value hedges | Interest rate contracts | Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	0	0	0	0
Gains (losses) recognized on derivatives	0	0	0	0
Gains (losses) recognized on hedged items	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Fair value hedges | Interest rate contracts | Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	21	34	42	70
Gains (losses) recognized on derivatives	(73)	(31)	(188)	(89)
Gains (losses) recognized on hedged items	74	31	189	89
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Fair value hedges | Interest rate contracts | Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	6	30	33	63
Gains (losses) recognized on derivatives	(119)	(17)	(424)	(97)
Gains (losses) recognized on hedged items	120	11	423	86
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Fair value hedges | Interest rate contracts | Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	13	56	51	118
Gains (losses) recognized on derivatives	(376)	0	(1,232)	(336)
Gains (losses) recognized on hedged items	413	33	1,309	401
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	(1)	(1)
Fair value hedges | Interest rate contracts | Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	0	0	0	0
Gains (losses) recognized on derivatives	(74)	16	(112)	(45)
Gains (losses) recognized on hedged items	73	(16)	111	45
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	$ 0	$ 0	$ 0	$ 0

Derivative Instruments and H_10

Derivative Instruments and Hedging Activities - Gains Losses on Freestanding Derivatives (Details) - Other non-interest income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	$ 6	$ (12)	$ 50	$ 18
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	25	16	41	35
Interest rate contracts | Customer accommodation
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	11	8	20	18
Interest rate contracts | Other interest rate exposures
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	(12)	(27)	14	(16)
Commodity contracts | Customer accommodation
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	11	4	17	9
Foreign exchange contracts | Customer accommodation
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	3	4	4	8
Other contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	$ (7)	$ (1)	$ (5)	$ (1)

Stockholders' Equity - Preferre

Stockholders' Equity - Preferred Stock Outstanding (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 4,845	$ 4,845
Series I Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	5%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of June 30, 2022	1,500,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 1,462	1,462
Series J Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.80%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of June 30, 2022	1,250,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 1,209	1,209
Series K Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.625%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of June 30, 2022	125,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 122	122
Series L Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.375%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of June 30, 2022	675,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 652	652
Series M Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	3.95%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of June 30, 2022	1,000,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 988	988
Preferred Stock, Dividend Payment Rate, Variable	5-Year Treasury Rate +3.157
Series N Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.25%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of June 30, 2022	425,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 412	$ 412

Stockholders' Equity - Accumula

Stockholders' Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance			$ 374
Other comprehensive income (loss), net of tax	$ (2,823)	$ 9	(7,290)	$ (1,702)
AOCI ending balance	(6,916)		(6,916)
Securities available for sale | Available-for-sale securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(2,956)	1,038	297	2,186
Other comprehensive income (loss) before reclassifications	(2,293)	51	(5,546)	(1,094)
Amounts reclassified from AOCI into earnings	5	0	5	(3)
Other comprehensive income (loss), net of tax	(2,288)	51	(5,541)	(1,097)
AOCI ending balance	(5,244)	1,089	(5,244)	1,089
Hedging Relationships
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(1,091)	781	118	1,362
Other comprehensive income (loss) before reclassifications	(412)	193	(1,535)	(145)
Amounts reclassified from AOCI into earnings	(71)	(244)	(157)	(487)
Other comprehensive income (loss), net of tax	(483)	(51)	(1,692)	(632)
AOCI ending balance	(1,574)	730	(1,574)	730
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(26)	(12)	(21)	(31)
Other comprehensive income (loss) before reclassifications	(52)	9	(57)	28
Amounts reclassified from AOCI into earnings	0	0	0	0
Other comprehensive income (loss), net of tax	(52)	9	(57)	28
AOCI ending balance	(78)	(3)	(78)	(3)
Other
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(20)	(24)	(20)	(23)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from AOCI into earnings	0	0	0	(1)
Other comprehensive income (loss), net of tax	0	0	0	(1)
AOCI ending balance	(20)	(24)	(20)	(24)
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(4,093)	1,783	374	3,494
Other comprehensive income (loss) before reclassifications	(2,757)	253	(7,138)	(1,211)
Amounts reclassified from AOCI into earnings	(66)	(244)	(152)	(491)
Other comprehensive income (loss), net of tax	(2,823)	9	(7,290)	(1,702)
AOCI ending balance	(6,916)	1,792	(6,916)	1,792
Net investment hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Other comprehensive gain (loss)	$ 174	$ (13)	$ 222	$ (34)

Stockholders' Equity - Reclassi

Stockholders' Equity - Reclassifications from AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income	$ 6,517	$ 5,743	$ 12,914	$ 11,565
Interest expense	578	396	965	835
Non-interest income (loss)	99	231	442	353
Income from continuing operations before income taxes	2,564	4,568	5,509	8,764
Income tax provision (benefit)	533	1,031	1,075	1,900
Net income	2,031	3,536	4,434	6,861
Accumulated other comprehensive income (loss)	(6,916)		(6,916)			$ 374
Other comprehensive income (loss), net of tax	(2,823)	9	(7,290)	(1,702)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	66	244	152	491
Securities available for sale | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-interest income (loss)	(6)	0	(6)	4
Income tax provision (benefit)	(1)	0	(1)	1
Net income	(5)	0	(5)	3
Hedging Relationships
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss)	(1,574)	730	(1,574)	730	$ (1,091)	118	$ 781	$ 1,362
Other comprehensive income (loss) before reclassifications	(412)	193	(1,535)	(145)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(71)	(244)	(157)	(487)
Other comprehensive income (loss), net of tax	(483)	(51)	(1,692)	(632)
Hedging Relationships | Interest rate contracts | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income	63	245	190	480
Hedging Relationships | Foreign exchange contracts | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income	(1)	0	(1)	1
Interest expense	0	(1)	(1)	(2)
Non-interest income (loss)	31	77	18	162
Income from continuing operations before income taxes	93	321	206	641
Income tax provision (benefit)	22	77	49	154
Net income	71	244	157	487
Foreign Currency Translation Adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss)	(78)	(3)	(78)	(3)	(26)	(21)	(12)	(31)
Other comprehensive income (loss) before reclassifications	(52)	9	(57)	28
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Other comprehensive income (loss), net of tax	(52)	9	(57)	28
Other
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss)	(20)	(24)	(20)	(24)	(20)	(20)	(24)	(23)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	(1)
Other comprehensive income (loss), net of tax	0	0	0	(1)
Other | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income from continuing operations before income taxes	0	0	0	1
Net income	0	0	0	1
Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss)	(6,916)	1,792	(6,916)	1,792	$ (4,093)	$ 374	$ 1,783	$ 3,494
Other comprehensive income (loss) before reclassifications	(2,757)	253	(7,138)	(1,211)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(66)	(244)	(152)	(491)
Other comprehensive income (loss), net of tax	$ (2,823)	$ 9	$ (7,290)	$ (1,702)

Stockholders' Equity - Other Co

Stockholders' Equity - Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Before Tax
Net unrealized gains (losses) on securities available for sale	$ (3,012)	$ 66	$ (7,299)	$ (1,446)
Net unrealized gains (losses) on hedging relationships	(634)	(68)	(2,227)	(834)
Foreign currency translation adjustments	4	4	14	17
Other	0	0	0	(1)
Other comprehensive income (loss), before tax	(3,642)	2	(9,512)	(2,264)
Provision (Benefit)
Net unrealized gains (losses) on securities available for sale	(724)	15	(1,758)	(349)
Net unrealized gains (losses) on hedging relationships	(151)	(17)	(535)	(202)
Foreign currency translation adjustments	56	(5)	71	(11)
Other	0	0	0	0
Other comprehensive income (loss), provision (benefit)	(819)	(7)	(2,222)	(562)
After Tax
Net unrealized gains (losses) on securities available for sale	(2,288)	51	(5,541)	(1,097)
Net unrealized gains (losses) on hedging relationships	(483)	(51)	(1,692)	(632)
Foreign currency translation adjustments	(52)	9	(57)	28
Other	0	0	0	(1)
Other comprehensive income (loss), net of tax	$ (2,823)	$ 9	$ (7,290)	$ (1,702)

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Award
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options excluded from the computation of diluted earnings per share (in shares)	37	0	19	51
Stock option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options excluded from the computation of diluted earnings per share (in shares)		0

Earnings Per Common Share - Com

Earnings Per Common Share - Computation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Income from continuing operations, net of tax	$ 2,031	$ 3,537	$ 4,434	$ 6,864
Income (loss) from discontinued operations, net of tax	0	(1)	0	(3)
Net income	2,031	3,536	4,434	6,861
Dividends and undistributed earnings allocated to participating securities	(25)	(30)	(53)	(58)
Preferred stock dividends	(57)	(60)	(114)	(121)
Net income available to common stockholders	$ 1,949	$ 3,446	$ 4,267	$ 6,682
Total weighted-average basic common shares outstanding	391.2	450.6	400.8	454.6
Effect of dilutive securities:
Stock options	0.4	0.8	0.4	0.8
Other contingently issuable shares	1	0.9	1.1	0.8
Total effect of dilutive securities	1.4	1.7	1.5	1.6
Total weighted Average Number of Shares Outstanding, Diluted, Total	392.6	452.3	402.3	456.2
Basic earnings per common share:
Net income from continuing operations	$ 4.98	$ 7.65	$ 10.65	$ 14.70
Net income (loss) per basic common share	4.98	7.65	10.65	14.70
Diluted earnings per common share:
Net income from continuing operations	4.96	7.62	10.61	14.65
Net income (loss) per diluted common share	$ 4.96	$ 7.62	$ 10.61	$ 14.65

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Details) - Appraisal value - Level 3 - Non-Recoverable Rate	Jun. 30, 2022	Dec. 31, 2021
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, measurement input	0%	0%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, measurement input	100%	100%
Weighted average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, measurement input	20%	13%

Fair Value Measurement - Assets

Fair Value Measurement - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Assets:
Securities available for sale	$ 83,022	$ 95,261
Loans Held-for-sale, Fair Value Disclosure	767	1,000
Derivative assets, gross amount	4,500	2,690
Derivative asset, netting adjustments	(1,067)	(542)
Derivative asset	3,433	2,148
Liabilities:
Derivative liabilities, gross amount	4,663	1,868
Derivative liability, netting adjustments	(1,395)	(544)
Derivative liability	3,268	1,324
Net valuation allowance	8	11
Level 1
Assets:
Loans Held-for-sale, Fair Value Disclosure	0	0
Level 2
Assets:
Loans Held-for-sale, Fair Value Disclosure	110	5,091
Level 3
Assets:
Loans Held-for-sale, Fair Value Disclosure	0	0
Recurring
Assets:
Securities available for sale	83,022	95,261
Loans Held-for-sale, Fair Value Disclosure	767	1,026
Derivative asset	3,433	2,148
Other assets	481	573
Total assets	87,703	99,008
Liabilities:
Derivative liability	3,268	1,324
Recurring | Level 1
Assets:
Securities available for sale	8,815	9,648
Loans Held-for-sale, Fair Value Disclosure	0	0
Derivative assets, gross amount	792	406
Other assets	441	526
Total assets	10,048	10,580
Other assets:
Deferred compensation plan assets	432	490
Liabilities:
Derivative liabilities, gross amount	1,416	838
Recurring | Level 2
Assets:
Securities available for sale	73,954	85,346
Loans Held-for-sale, Fair Value Disclosure	767	1,026
Derivative assets, gross amount	3,577	2,200
Other assets	3	6
Total assets	78,301	88,578
Liabilities:
Derivative liabilities, gross amount	3,104	965
Recurring | Level 3
Assets:
Securities available for sale	253	267
Loans Held-for-sale, Fair Value Disclosure	0	0
Derivative assets, gross amount	131	84	$ 129
Other assets	37	41
Total assets	421	392
Other assets:
Retained interests in securitizations	37	41
Liabilities:
Derivative liabilities, gross amount	143	65	$ 110
Recurring | Fair Value Inputs Level 1 And Level 2 [Member]
Other assets:
Equity securities	12	42
Liabilities:
Debt and Equity Securities, Unrealized Gain (Loss)	(19)	(36)
U.S. Treasury securities
Assets:
Securities available for sale	8,624	9,442
U.S. Treasury securities | Recurring
Assets:
Securities available for sale	8,624	9,442
U.S. Treasury securities | Recurring | Level 1
Assets:
Securities available for sale	8,624	9,442
U.S. Treasury securities | Recurring | Level 2
Assets:
Securities available for sale	0	0
U.S. Treasury securities | Recurring | Level 3
Assets:
Securities available for sale	0	0
RMBS
Assets:
Securities available for sale	65,527	73,616
RMBS | Recurring
Assets:
Securities available for sale	65,527	73,616
RMBS | Recurring | Level 1
Assets:
Securities available for sale	0	0
RMBS | Recurring | Level 2
Assets:
Securities available for sale	65,287	73,358
RMBS | Recurring | Level 3
Assets:
Securities available for sale	240	258
CMBS | Recurring
Assets:
Securities available for sale	7,574	9,369
CMBS | Recurring | Level 1
Assets:
Securities available for sale	0	0
CMBS | Recurring | Level 2
Assets:
Securities available for sale	7,561	9,360
CMBS | Recurring | Level 3
Assets:
Securities available for sale	13	9
Other securities
Assets:
Securities available for sale	1,297	2,834
Other securities | Recurring
Assets:
Securities available for sale	1,297	2,834
Other securities | Recurring | Level 1
Assets:
Securities available for sale	191	206
Other securities | Recurring | Level 2
Assets:
Securities available for sale	1,106	2,628
Other securities | Recurring | Level 3
Assets:
Securities available for sale	$ 0	$ 0

Fair Value Measurement - Level

Fair Value Measurement - Level 3 Recurring Fair Value Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Derivative, Fair Value, Net [Abstract]
Derivative assets, gross amount	$ 4,500		$ 4,500		$ 2,690
Derivative liabilities, gross amount	4,663		4,663		1,868
Recurring | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net Unrealized Gains (Losses) Included in OCI Related to Assets and Liabilities Still Held	(11)	$ (1)	(20)	$ 2
Derivative, Fair Value, Net [Abstract]
Beginning balance	22	34	19	31
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	(46)	11	(41)	(10)
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	8	(16)	36	22
Settlements	4	(15)	2	(29)
Transfers Into Level 3	0	6	(28)	6
Transfers Out of Level 3	0	(1)	0	(1)
Ending balance	(12)	19	(12)	19
Derivative assets, gross amount	131	129	131	129	84
Derivative liabilities, gross amount	143	110	143	110	$ 65
RMBS | Recurring | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	211	326	258	328
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	3	4	13	11
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	(8)	2	(20)	4
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(15)	(25)	(43)	(51)
Transfers Into Level 3	72	45	84	84
Transfers Out of Level 3	(23)	(63)	(52)	(87)
Ending balance	240	289	240	289
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	2	4	5	8
CMBS | Recurring | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	21	10	9	111
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	0	0	0	0
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	(1)	0	(1)	(2)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(4)	0	(5)	(6)
Transfers Into Level 3	0	0	13	0
Transfers Out of Level 3	(3)	(1)	(3)	(94)
Ending balance	13	9	13	9
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	0	0	(1)	0
Available-for-sale securities | Recurring | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	232	336	267	439
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	3	4	13	11
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	(9)	2	(21)	2
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(19)	(25)	(48)	(57)
Transfers Into Level 3	72	45	97	84
Transfers Out of Level 3	(26)	(64)	(55)	(181)
Ending balance	253	298	253	298
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	2	4	4	8
Retained interest in securitizations | Recurring | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	39	50	41	55
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	(2)	(4)	(4)	(9)
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Transfers Into Level 3	0	0	0	0
Transfers Out of Level 3	0	0	0	0
Ending balance	37	46	37	46
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	(2)	(4)	(4)	(9)
Net derivative assets (liabilities) | Recurring | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	$ (18)	$ 11	$ (38)	$ 8

Fair Value Measurement - Quanti

Fair Value Measurement - Quantitative Information about Level 3 Fair Value Measurements (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	$ 83,022	$ 95,261
Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	83,022	95,261
Recurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	253	267
Retained interests in securitizations	37	41
Net derivative assets (liabilities)	(12)	19	$ 22	$ 19	$ 34	$ 31
RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	65,527	73,616
RMBS | Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	65,527	73,616
RMBS | Recurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	240	258
CMBS | Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	7,574	9,369
CMBS | Recurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale	$ 13	$ 9
Yield | RMBS | Recurring | Level 3 | Discounted cash flows | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0	0
Yield | RMBS | Recurring | Level 3 | Discounted cash flows | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.14	0.21
Yield | RMBS | Recurring | Level 3 | Discounted cash flows | Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.05	0.03
Yield | CMBS | Recurring | Level 3 | Discounted cash flows | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.02	0.01
Yield | CMBS | Recurring | Level 3 | Discounted cash flows | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.04	0.02
Yield | CMBS | Recurring | Level 3 | Discounted cash flows | Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.04	0.01
Voluntary prepayment rate | Recurring | Level 3 | Discounted cash flows | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.09	0.09
Voluntary prepayment rate | Recurring | Level 3 | Discounted cash flows | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.18	0.18
Voluntary prepayment rate | RMBS | Recurring | Level 3 | Discounted cash flows | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.06	0.05
Voluntary prepayment rate | RMBS | Recurring | Level 3 | Discounted cash flows | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.25	0.40
Voluntary prepayment rate | RMBS | Recurring | Level 3 | Discounted cash flows | Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.10	0.11
Default rate | Recurring | Level 3 | Discounted cash flows | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.01	0.03
Default rate | Recurring | Level 3 | Discounted cash flows | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.03	0.04
Default rate | RMBS | Recurring | Level 3 | Discounted cash flows | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0	0.01
Default rate | RMBS | Recurring | Level 3 | Discounted cash flows | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.11	0.11
Default rate | RMBS | Recurring | Level 3 | Discounted cash flows | Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.02	0.02
Loss severity | Recurring | Level 3 | Discounted cash flows | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.80	0.72
Loss severity | Recurring | Level 3 | Discounted cash flows | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	2.91	1.51
Loss severity | RMBS | Recurring | Level 3 | Discounted cash flows | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.30	0.30
Loss severity | RMBS | Recurring | Level 3 | Discounted cash flows | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.80	1
Loss severity | RMBS | Recurring | Level 3 | Discounted cash flows | Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.61	0.65
Life of receivables (months) | Recurring | Level 3 | Discounted cash flows | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input, life of receivables	30 months	29 months
Life of receivables (months) | Recurring | Level 3 | Discounted cash flows | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input, life of receivables	37 months	36 months
Discount rate | Recurring | Level 3 | Discounted cash flows | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.04	0.02
Discount rate | Recurring | Level 3 | Discounted cash flows | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.08	0.08
Swap rates | Recurring | Level 3 | Discounted cash flows | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative assets (liabilities), measurement input	0.03	0.01
Swap rates | Recurring | Level 3 | Discounted cash flows | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative assets (liabilities), measurement input	0.03	0.02
Swap rates | Recurring | Level 3 | Discounted cash flows | Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative assets (liabilities), measurement input	0.03	0.02

Fair Value Measurement - Nonrec

Fair Value Measurement - Nonrecurring Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Held-for-sale, Fair Value Disclosure	$ 767	$ 1,000
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	0	0
Loans Held-for-sale, Fair Value Disclosure	110	5,091
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	287,254	270,508
Loans Held-for-sale, Fair Value Disclosure	0	0
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	205	194
Loans Held-for-sale, Fair Value Disclosure	91	118
Other assets	91	325
Total assets	387	637
Nonrecurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	0	0
Loans Held-for-sale, Fair Value Disclosure	91	118
Other assets	0	0
Total assets	91	118
Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	205	194
Loans Held-for-sale, Fair Value Disclosure	0	0
Other assets	91	325
Total assets	296	519
Equity investments subject to Impairment		50
Equity investments accounted for under measurement alternative	1	29
Foreclosed property and repossessed assets, fair value disclosure	52	40
Long lived assets held for sale	$ 38	$ 206

Fair Value Measurement - Nonr_2

Fair Value Measurement - Nonrecurring Fair Value Measurements Included in Earnings (Details) - Nonrecurring - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	$ 31	$ (97)
Loans held for sale	(6)	0
Other assets	(28)	(61)
Total	$ (3)	$ (158)

Fair Value Measurement - Fair V

Fair Value Measurement - Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financial assets:
Loans Held-for-sale, Fair Value Disclosure	$ 767	$ 1,000
Level 1
Financial assets:
Cash and cash equivalents	4,825	4,164
Restricted cash for securitization investors	697	308
Net loans held for investment	0	0
Loans Held-for-sale, Fair Value Disclosure	0	0
Interest receivable	0	0
Other investments	0	0
Financial liabilities:
Deposits with defined maturities	0	0
Securitized debt obligations	0	0
Senior and subordinated notes	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Other borrowings	0
Interest payable	0	0
Level 2
Financial assets:
Cash and cash equivalents	16,728	17,582
Restricted cash for securitization investors	0	0
Net loans held for investment	0	0
Loans Held-for-sale, Fair Value Disclosure	110	5,091
Interest receivable	1,611	1,460
Other investments	1,735	1,344
Financial liabilities:
Deposits with defined maturities	22,026	18,062
Securitized debt obligations	17,446	15,122
Senior and subordinated notes	30,152	27,842
Federal funds purchased and securities loaned or sold under agreements to repurchase	440	820
Other borrowings	10,501
Interest payable	333	281
Level 3
Financial assets:
Cash and cash equivalents	0	0
Restricted cash for securitization investors	0	0
Net loans held for investment	287,254	270,508
Loans Held-for-sale, Fair Value Disclosure	0	0
Interest receivable	0	0
Other investments	0	0
Financial liabilities:
Deposits with defined maturities	0	0
Securitized debt obligations	0	0
Senior and subordinated notes	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Other borrowings	0
Interest payable	0	0
Carrying Value
Financial assets:
Cash and cash equivalents	21,553	21,746
Restricted cash for securitization investors	697	308
Net loans held for investment	284,893	265,910
Loans Held-for-sale, Fair Value Disclosure	108	4,862
Interest receivable	1,611	1,460
Other investments	1,735	1,344
Financial liabilities:
Deposits with defined maturities	22,225	17,923
Securitized debt obligations	17,466	14,994
Senior and subordinated notes	30,489	27,219
Federal funds purchased and securities loaned or sold under agreements to repurchase	440	820
Other borrowings	10,500
Interest payable	333	281
Estimated Fair Value
Financial assets:
Cash and cash equivalents	21,553	21,746
Restricted cash for securitization investors	697	308
Net loans held for investment	287,254	270,508
Loans Held-for-sale, Fair Value Disclosure	110	5,091
Interest receivable	1,611	1,460
Other investments	1,735	1,344
Financial liabilities:
Deposits with defined maturities	22,026	18,062
Securitized debt obligations	17,446	15,122
Senior and subordinated notes	30,152	27,842
Federal funds purchased and securities loaned or sold under agreements to repurchase	440	820
Other borrowings	10,501
Interest payable	$ 333	$ 281

Business Segments and Revenue_3

Business Segments and Revenue from Contracts with Customers - Additional Information (Details)	6 Months Ended
	Jun. 30, 2022 segment
Segment Reporting Information [Line Items]
Number of operating segments	3

Business Segments and Revenue_4

Business Segments and Revenue from Contracts with Customers - Segment Results and Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net interest income (loss)	$ 6,517	$ 5,743	$ 12,914	$ 11,565
Non-interest income (loss)	1,715	1,631	3,491	2,922
Total net revenue (loss)	8,232	7,374	16,405	14,487
Provision (benefit) for credit losses	1,085	(1,160)	1,762	(1,983)
Non-interest expense	4,583	3,966	9,134	7,706
Income from continuing operations before income taxes	2,564	4,568	5,509	8,764
Income tax provision	533	1,031	1,075	1,900
Income (loss) from continuing operations, net of tax	2,031	3,537	4,434	6,864
Total loans held for investment	296,384	249,597	296,384	249,597	$ 277,340
Total Deposits	307,885	306,308	307,885	306,308	$ 310,980
Uncollectible portion of billed finance charges and fees	211	175	403	355
Operating segments | Credit Card
Segment Reporting Information [Line Items]
Net interest income (loss)	3,899	3,217	7,738	6,589
Non-interest income (loss)	1,410	1,253	2,868	2,282
Total net revenue (loss)	5,309	4,470	10,606	8,871
Provision (benefit) for credit losses	581	(635)	1,126	(1,127)
Non-interest expense	2,771	2,263	5,554	4,398
Income from continuing operations before income taxes	1,957	2,842	3,926	5,600
Income tax provision	466	672	935	1,325
Income (loss) from continuing operations, net of tax	1,491	2,170	2,991	4,275
Total loans held for investment	120,880	101,017	120,880	101,017
Total Deposits	0	0	0	0
Operating segments | Consumer Banking
Segment Reporting Information [Line Items]
Net interest income (loss)	2,147	2,101	4,260	4,131
Non-interest income (loss)	96	144	201	285
Total net revenue (loss)	2,243	2,245	4,461	4,416
Provision (benefit) for credit losses	281	(306)	411	(432)
Non-interest expense	1,286	1,123	2,522	2,240
Income from continuing operations before income taxes	676	1,428	1,528	2,608
Income tax provision	160	337	362	615
Income (loss) from continuing operations, net of tax	516	1,091	1,166	1,993
Total loans held for investment	81,531	74,759	81,531	74,759
Total Deposits	255,904	251,155	255,904	251,155
Operating segments | Commercial Banking
Segment Reporting Information [Line Items]
Net interest income (loss)	635	460	1,242	980
Non-interest income (loss)	272	257	549	497
Total net revenue (loss)	907	717	1,791	1,477
Provision (benefit) for credit losses	222	(219)	230	(422)
Non-interest expense	485	417	973	836
Income from continuing operations before income taxes	200	519	588	1,063
Income tax provision	48	123	140	251
Income (loss) from continuing operations, net of tax	152	396	448	812
Total loans held for investment	93,973	73,821	93,973	73,821
Total Deposits	38,844	42,973	38,844	42,973
Other
Segment Reporting Information [Line Items]
Net interest income (loss)	(164)	(35)	(326)	(135)
Non-interest income (loss)	(63)	(23)	(127)	(142)
Total net revenue (loss)	(227)	(58)	(453)	(277)
Provision (benefit) for credit losses	1	0	(5)	(2)
Non-interest expense	41	163	85	232
Income from continuing operations before income taxes	(269)	(221)	(533)	(507)
Income tax provision	(141)	(101)	(362)	(291)
Income (loss) from continuing operations, net of tax	(128)	(120)	(171)	(216)
Total loans held for investment	0	0	0	0
Total Deposits	$ 13,137	$ 12,180	$ 13,137	$ 12,180

Business Segments and Revenue_5

Business Segments and Revenue from Contracts with Customers - Revenue from Contracts with Customers (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total contract revenue	$ 1,407	$ 1,241	$ 2,640	$ 2,242
Revenue (reduction) from other sources	308	390	851	680
Non-interest income (loss)	1,715	1,631	3,491	2,922
Operating segments | Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	1,191	1,019	2,223	1,832
Revenue (reduction) from other sources	219	234	645	450
Non-interest income (loss)	1,410	1,253	2,868	2,282
Operating segments | Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	122	131	236	251
Revenue (reduction) from other sources	(26)	13	(35)	34
Non-interest income (loss)	96	144	201	285
Operating segments | Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	94	91	181	159
Revenue (reduction) from other sources	178	166	368	338
Non-interest income (loss)	272	257	549	497
Other
Disaggregation of Revenue [Line Items]
Total contract revenue	0	0	0	0
Revenue (reduction) from other sources	(63)	(23)	(127)	(142)
Non-interest income (loss)	(63)	(23)	(127)	(142)
Interchange fees, net
Disaggregation of Revenue [Line Items]
Total contract revenue	1,201	1,016	2,234	1,833
Interchange fees, net | Operating segments | Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	1,093	925	2,030	1,668
Interchange fees, net | Operating segments | Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	80	67	151	124
Interchange fees, net | Operating segments | Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	28	24	52	41
Interchange fees, net | Other
Disaggregation of Revenue [Line Items]
Total contract revenue	0	0	1	0
Service charges and other customer-related fees
Disaggregation of Revenue [Line Items]
Total contract revenue	84	111	174	205
Service charges and other customer-related fees | Operating segments | Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	0	0	0	0
Service charges and other customer-related fees | Operating segments | Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	21	45	47	89
Service charges and other customer-related fees | Operating segments | Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	63	66	128	116
Service charges and other customer-related fees | Other
Disaggregation of Revenue [Line Items]
Total contract revenue	0	0	(1)	0
Other
Disaggregation of Revenue [Line Items]
Total contract revenue	122	114	232	204
Other | Operating segments | Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	98	94	193	164
Other | Operating segments | Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	21	19	38	38
Other | Operating segments | Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	3	1	1	2
Other | Other
Disaggregation of Revenue [Line Items]
Total contract revenue	$ 0	$ 0	$ 0	$ 0

Commitments, Contingencies, G_3

Commitments, Contingencies, Guarantees, and Others - Unfunded Lending Commitments: Contractual Amount and Carrying Value (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Unfunded lending commitments, contractual amount	$ 402,860	$ 414,499
Off-balance sheet lending commitment, carrying value	224	149
Credit Card
Loss Contingencies [Line Items]
Unused commitments to extend credit, contractual amount	352,863	368,508
Other excluding credit card
Loss Contingencies [Line Items]
Unused commitments to extend credit, contractual amount	48,493	44,572
Off-balance sheet lending commitment, carrying value	193	125
Advised line of credit	4,400	3,900
Letter of credit
Loss Contingencies [Line Items]
Standby letters of credit and commercial letters of credit, contractual amount	1,504	1,419
Off-balance sheet lending commitment, carrying value	$ 31	$ 24

Commitments, Contingencies, G_4

Commitments, Contingencies, Guarantees, and Others - Loss Sharing and UK PPI (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Loss sharing agreements
Loss Contingencies [Line Items]
Guarantee obligation	$ 88	$ 90

Commitments, Contingencies, G_5

Commitments, Contingencies, Guarantees, and Others - Litigation (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) claim
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 200
Interchange litigation | Pending litigation
Loss Contingencies [Line Items]
Litigation settlement, attributable to reporting entity and third party	$ 5,500
Cybersecurity Incident
Loss Contingencies [Line Items]
Number of consumer class action cases filed for Cybersecurity Incident | claim	75
Penalty Paid to the US Treasury	$ 80