Fifth Third Bancorp (FITB) 10-Q5 Aug 222022 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2022	Jul. 31, 2022
Entity Listings [Line Items]
Document Type	10-Q
Document Period End Date	Jun. 30, 2022
Entity File Number	001-33653
Entity Registrant Name	FIFTH THIRD BANCORP
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-0854434
Entity Address, Address Line One	38 Fountain Square Plaza
Entity Address, City or Town	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45263
City Area Code	800
Local Phone Number	972-3030
Entity 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		686,189,548
Amendment Flag	false
Entity Central Index Key	0000035527
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Common Stock, Without Par Value
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, Without Par Value
Trading Symbol	FITB
Security Exchange Name	NASDAQ
Series I Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I
Trading Symbol	FITBI
Security Exchange Name	NASDAQ
Class B Preferred stock, Series A
Entity Listings [Line Items]
Title of 12(b) Security	6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A
Trading Symbol	FITBP
Security Exchange Name	NASDAQ
Series K Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	4.95% Non-Cumulative Perpetual Preferred Stock, Series K
Trading Symbol	FITBO
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks		$ 3,437	$ 2,994
Other short-term Investments	[1]	7,419	34,572
Available-for-sale debt and other securities	[2]	52,837	38,110
Held-to-maturity securities	[3]	5	8
Trading debt securities		293	512
Equity securities		326	376
Loans and leases held for sale	[4]	2,542	4,415
Portfolio loans and leases	[1],[5]	118,823	112,050
Allowance for loan and lease losses	[1]	(2,014)	(1,892)
Portfolio loans and leases, net		116,809	110,158
Bank premises and equipment	[6]	2,118	2,120
Operating lease equipment		600	616
Goodwill		4,926	4,514
Intangible assets		194	156
Servicing rights		1,582	1,121
Other assets	[1]	13,694	11,444
Total Assets		206,782	211,116
Deposits:
Noninterest-bearing deposits		60,859	65,088
Interest-bearing deposits		100,315	104,236
Total deposits		161,174	169,324
Federal funds purchased		711	281
Other short-term borrowings		7,057	980
Accrued taxes, interest and expenses		1,683	2,233
Other liabilities	[1]	6,197	4,267
Long-term debt	[1]	10,990	11,821
Total Liabilities		187,812	188,906
Equity
Common stock	[7]	2,051	2,051
Preferred stock	[8]	2,116	2,116
Capital surplus		3,636	3,624
Retained earnings		20,818	20,236
Accumulated other comprehensive (loss) income		(2,644)	1,207
Treasury stock	[7]	(7,007)	(7,024)
Total Equity		18,970	22,210
Total Liabilities and Equity		$ 206,782	$ 211,116

[1]Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.[2]Amortized cost of $56,140 and $36,941 at June 30, 2022 and December 31, 2021, respectively.[3]Fair value of $5 and $8 at June 30, 2022 and December 31, 2021, respectively.[4]Includes $1,406 and $1,023 of residential mortgage loans held for sale measured at fair value at June 30, 2022 and December 31, 2021, respectively.[5]Includes $133 and $154 of residential mortgage loans measured at fair value at June 30, 2022 and December 31, 2021, respectively.[6]Includes $24 of bank premises and equipment held for sale at both June 30, 2022 and December 31, 2021.[7] Common shares: Stated value $ 2.22 per share; authorized 2,000,000,000; outstanding at June 30, 2022 – 686,151,599 (excludes 237,740,982 treasury shares), December 31, 2021 – 682,777,664 (excludes 241,114,917 treasury shares).

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Other short-term Investments	[1]	$ 7,419	$ 34,572
Portfolio loans and leases	[1],[2]	118,823	112,050
ALLL	[1]	(2,014)	(1,892)
Other assets	[1]	13,694	11,444
Other liabilities	[1]	6,197	4,267
Long-term debt	[1]	10,990	11,821
Available-for-sale debt and other securities, amortized cost		56,140	36,941
Held-to-maturity securities		5	8
Bank premises and equipment held for sale		$ 24	$ 24
Common stock, par value (in dollars per share)		$ 2.22	$ 2.22
Common stock, shares authorized (in shares)		2,000,000,000	2,000,000,000
Common stock, outstanding (in shares)		686,151,599	682,777,664
Treasury stock, shares (in shares)		237,740,982	241,114,917
Preferred stock, authorized (in shares)		500,000	500,000
Preferred stock, unissued (in shares)		422,000	422,000
Preferred stock, liquidation preference per share (in dollars per share)		$ 25,000	$ 25,000
Preferred Class B
Preferred stock, authorized (in shares)		500,000	500,000
Preferred stock, unissued (in shares)		300,000	300,000
Preferred stock, liquidation preference per share (in dollars per share)		$ 1,000	$ 1,000
Residential Mortgage
ALLL		$ (248)	$ (235)
Loans held for sale		1,406	1,023
Loans measured at FV		133	154
Variable Interest Entity, Primary Beneficiary \| Automobile And Solar Loan
Other short-term Investments		21	24
Portfolio loans and leases		267	322
ALLL		(3)	(2)
Other assets		2	2
Other liabilities		10	1
Long-term debt		$ 200	$ 263

[1]Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.[2]Includes $133 and $154 of residential mortgage loans measured at fair value at June 30, 2022 and December 31, 2021, respectively.

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest Income
Interest and fees on loans and leases	$ 1,081	$ 1,035	$ 2,062	$ 2,064
Interest on securities	369	279	663	543
Interest on other short-term investments	14	9	27	17
Total interest income	1,464	1,323	2,752	2,624
Interest Expense
Interest on deposits	25	15	36	36
Interest on federal funds purchased	1	0	1	0
Interest on other short-term borrowings	12	0	13	1
Interest on long-term debt	87	100	168	202
Total interest expense	125	115	218	239
Net Interest Income	1,339	1,208	2,534	2,385
Provision for (benefit from) credit losses	179	(115)	224	(288)
Net Interest Income After Provision for (Benefit from) Credit Losses	1,160	1,323	2,310	2,673
Noninterest Income
Service charges on deposits	154	149	306	292
Wealth and asset management revenue	140	145	289	288
Commercial banking revenue	137	160	272	313
Card and processing revenue	105	102	201	196
Leasing business revenue	56	61	118	148
Mortgage banking net revenue	31	64	83	149
Other noninterest income	85	49	138	92
Securities (losses) gains, net	(32)	10	(47)	13
Securities (losses) gains, net – non-qualifying hedges on mortgage servicing rights	0	1	(1)	(1)
Total noninterest income	676	741	1,359	1,490
Noninterest Expense
Compensation and benefits	584	638	1,295	1,343
Technology and communications	98	94	199	187
Net occupancy expense	75	77	152	156
Equipment expense	36	34	72	68
Leasing business expense	31	33	63	68
Marketing expense	28	20	52	43
Card and processing expense	20	20	38	50
Other noninterest expense	240	237	463	454
Total noninterest expense	1,112	1,153	2,334	2,369
Income Before Income Taxes	724	911	1,335	1,794
Applicable income tax expense	162	202	279	391
Net Income	562	709	1,056	1,403
Dividends on preferred stock	36	35	56	55
Net Income Available to Common Shareholders	$ 526	$ 674	$ 1,000	$ 1,348
Shares Disclosures
Earnings per share - basic (in dollars per share)	$ 0.76	$ 0.95	$ 1.45	$ 1.89
Earnings per share - diluted (in dollars per share)	$ 0.76	$ 0.94	$ 1.44	$ 1.87
Average common shares outstanding - basic (in shares)	689,018,541	708,832,787	688,282,355	711,617,331
Average common shares outstanding - diluted (in shares)	694,804,715	718,084,745	695,519,583	720,740,176

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net Income	$ 562	$ 709	$ 1,056	$ 1,403
Net unrealized (losses) gains on available-for-sale debt securities:
Unrealized holding (losses) gains arising during period	(1,506)	235	(3,435)	(466)
Reclassification adjustment for net (gains) losses included in net income	0	(5)	(2)	7
Net unrealized (losses) gains on cash flow hedge derivatives:
Unrealized holding (losses) gains arising during period	2	9	(310)	(55)
Reclassification adjustment for net gains included in net income	(45)	(58)	(106)	(115)
Defined benefit pension plans, net:
Net actuarial loss arising during the year	(1)	(1)	(1)	(1)
Reclassification of amounts to net periodic benefit costs	2	2	3	3
Other comprehensive (loss) income, net of tax	(1,548)	182	(3,851)	(627)
Comprehensive (Loss) Income	$ (986)	$ 891	$ (2,795)	$ 776

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($) $ in Millions	Total	Series H Preferred Stock	Series I Preferred Stock	Series J Preferred Stock	Series K Preferred Stock	Series L Preferred Stock	Class B, Series A Preferred Stock	Common Stock	Preferred Stock	Capital Surplus	Retained Earnings	Retained Earnings Series H Preferred Stock	Retained Earnings Series I Preferred Stock	Retained Earnings Series J Preferred Stock	Retained Earnings Series K Preferred Stock	Retained Earnings Series L Preferred Stock	Retained Earnings Class B, Series A Preferred Stock	Accumulated Other Comprehensive (Loss) Income	Treasury Stock
Balance at Dec. 31, 2020	$ 23,111							$ 2,051	$ 2,116	$ 3,635	$ 18,384							$ 2,601	$ (5,676)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,403										1,403
Other comprehensive income (loss), net of tax	(627)																	(627)
Cash dividends declared:
Common stock	(387)										(387)
Preferred stock		$ (15)	$ (15)	$ (5)	$ (6)	$ (8)	$ (6)					$ (15)	$ (15)	$ (5)	$ (6)	$ (8)	$ (6)
Shares acquired for treasury	(527)																		(527)
Impact of stock transactions under stock compensation plans, net	9									(33)									42
Other	(1)										(2)								1
Balance at Jun. 30, 2021	22,926							2,051	2,116	3,602	19,343							1,974	(6,160)
Balance at Mar. 31, 2021	22,595							2,051	2,116	3,592	18,863							1,792	(5,819)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	709										709
Other comprehensive income (loss), net of tax	182																	182
Cash dividends declared:
Common stock	(192)										(192)
Preferred stock		(15)	(7)	(3)	(3)	(4)	(3)					(15)	(7)	(3)	(3)	(4)	(3)
Shares acquired for treasury	(347)																		(347)
Impact of stock transactions under stock compensation plans, net	15									10									5
Other	(1)										(2)								1
Balance at Jun. 30, 2021	22,926							2,051	2,116	3,602	19,343							1,974	(6,160)
Balance at Dec. 31, 2021	22,210							2,051	2,116	3,624	20,236							1,207	(7,024)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,056										1,056
Other comprehensive income (loss), net of tax	(3,851)																	(3,851)
Cash dividends declared:
Common stock	(418)										(418)
Preferred stock		(15)	(15)	(6)	(6)	(8)	(6)					(15)	(15)	(6)	(6)	(8)	(6)
Impact of stock transactions under stock compensation plans, net	29									12									17
Balance at Jun. 30, 2022	18,970							2,051	2,116	3,636	20,818							(2,644)	(7,007)
Balance at Mar. 31, 2022	20,177							2,051	2,116	3,615	20,501							(1,096)	(7,010)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	562										562
Other comprehensive income (loss), net of tax	(1,548)																	(1,548)
Cash dividends declared:
Common stock	(209)										(209)
Preferred stock		$ (15)	$ (8)	$ (3)	$ (3)	$ (4)	$ (3)					$ (15)	$ (8)	$ (3)	$ (3)	$ (4)	$ (3)
Impact of stock transactions under stock compensation plans, net	24									21									3
Balance at Jun. 30, 2022	$ 18,970							$ 2,051	$ 2,116	$ 3,636	$ 20,818							$ (2,644)	$ (7,007)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Common stock, per share (in dollars per share)	$ 0.30	$ 0.27	$ 0.60	$ 0.54
Series H Preferred Stock
Preferred stock, per share (in dollars per share)	637.50	637.50	637.50	637.50
Series I Preferred Stock
Preferred stock, per share (in dollars per share)	414.06	414.06	828.12	828.12
Series J Preferred Stock
Preferred stock, per share (in dollars per share)	261.40	210.44	470.87	421.94
Series K Preferred Stock
Preferred stock, per share (in dollars per share)	309.38	309.38	618.75	618.75
Series L Preferred Stock
Preferred stock, per share (in dollars per share)	281.25	281.25	562.50	562.50
Class B, Series A Preferred Stock
Preferred stock, per share (in dollars per share)	$ 15	$ 15	$ 30	$ 30

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities
Net Income	$ 1,056	$ 1,403
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (benefit from) credit losses	224	(288)
Depreciation, amortization and accretion	218	243
Stock-based compensation expense	107	79
Provision for (benefit from) deferred income taxes	6	(239)
Securities losses (gains), net	52	(9)
MSR fair value adjustment	(169)	50
Net gains on sales of loans and fair value adjustments on loans held for sale	(68)	(176)
Net (gains) losses on disposition and impairment of bank premises and equipment and operating lease equipment	(4)	21
Proceeds from sales of loans held for sale	6,463	7,974
Loans originated or purchased for sale, net of repayments	(5,022)	(8,899)
Dividends representing return on equity investments	17	20
Net change in:
Equity and trading debt securities	215	(163)
Other assets	357	232
Accrued taxes, interest and expenses and other liabilities	(807)	(125)
Net Cash Provided by Operating Activities	2,645	123
Proceeds from sales:
AFS securities and other investments	3,259	1,454
Loans and leases	94	436
Bank premises and equipment	1	17
Proceeds from repayments / maturities of AFS and HTM securities and other investments	2,776	2,948
Purchases:
AFS securities and other investments	(25,335)	(5,825)
Bank premises and equipment	(143)	(126)
MSRs	(191)	(109)
Proceeds from settlement of BOLI	31	15
Proceeds from sales and dividends representing return of equity investments	45	29
Net cash received for divestitures	46	0
Net cash paid on acquisitions	(918)	0
Net change in:
Other short-term investments and federal funds sold	27,156	990
Portfolio loans and leases	(6,155)	582
Operating lease equipment	(39)	(23)
Net Cash Provided by Investing Activities	627	388
Financing Activities
Net change in deposits	(8,151)	3,202
Net change in other short-term borrowings and federal funds purchased	6,507	14
Dividends paid on common and preferred stock	(472)	(444)
Proceeds from issuance of long-term debt	1,007	44
Repayment of long-term debt	(1,642)	(2,585)
Repurchases of treasury stock and related forward contract	0	(527)
Other	(78)	(77)
Net Cash Used in Financing Activities	(2,829)	(373)
Increase in Cash and Due from Banks	443	138
Cash and Due from Banks at Beginning of Period	2,994	3,147
Cash and Due from Banks at End of Period	$ 3,437	$ 3,285

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of the Bancorp and its majority-owned subsidiaries and VIEs in which the Bancorp has been determined to be the primary beneficiary. Other entities, including certain joint ventures in which the Bancorp has the ability to exercise significant influence over operating and financial policies of the investee, but upon which the Bancorp does not possess control, are accounted for by the equity method and not consolidated. The investments in those entities in which the Bancorp does not have the ability to exercise significant influence are generally carried at fair value unless the investment does not have a readily determinable fair value. The Bancorp accounts for equity investments without a readily determinable fair value using the measurement alternative to fair value, representing the cost of the investment minus any impairment recorded and plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer. Intercompany transactions and balances among consolidated entities have been eliminated. In the opinion of management, the unaudited Condensed Consolidated Financial Statements include all adjustments, which consist of normal recurring accruals, necessary to present fairly the results for the periods presented. In accordance with U.S. GAAP and the rules and regulations of the SEC for interim financial information, these statements do not include certain information and footnote disclosures required for complete annual financial statements and it is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the Bancorp’s Annual Report on Form 10-K. The results of operations, comprehensive income and changes in equity for the three and six months ended June 30, 2022 and 2021 and the cash flows for the six months ended June 30, 2022 and 2021 are not necessarily indicative of the results to be expected for the full year. Financial information as of December 31, 2021 has been derived from the Bancorp’s Annual Report on Form 10-K. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
Supplemental Cash Flow Information	Jun. 30, 2022
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Cash payments related to interest and income taxes in addition to non-cash investing and financing activities are presented in the following table for the six months ended June 30: ($ in millions) 2022 2021 Cash Payments: Interest $ 205 256 Income taxes 52 336 Transfers: Portfolio loans and leases to loans and leases held for sale $ 73 337 Loans and leases held for sale to portfolio loans and leases 403 20 Portfolio loans and leases to OREO 3 9 Bank premises and equipment to OREO 18 17 Supplemental Disclosures: Net additions to lease liabilities under operating leases $ 77 31 Net additions to lease liabilities under finance leases 15 25

Accounting and Reporting Develo

Accounting and Reporting Developments	6 Months Ended
Accounting and Reporting Developments	Jun. 30, 2022
Accounting Policies [Abstract]
Accounting and Reporting Developments	Accounting and Reporting Developments Standards Adopted in 2022 The Bancorp adopted the following new accounting standard during the six months ended June 30, 2022: ASU 2020-06 – Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Equity’s Own Equity In August 2020, the FASB issued ASU 2020-06, which simplified the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The Bancorp adopted the amended guidance on January 1, 2022 using the modified retrospective transition method. The adoption did not have a material impact on the Bancorp’s Condensed Consolidated Financial Statements. Significant Accounting Standards Issued but Not Yet Adopted The following significant accounting standards were issued but not yet adopted by the Bancorp as of June 30, 2022: ASU 2021-08 – Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, the FASB issued ASU 2021-08, which provided guidance on the accounting for revenue contracts with customers which are acquired in a business combination. The amendments generally state that an acquirer accounts for an acquired revenue contract with a customer as if it had originated the contract. The amendments also provide certain practical expedients for acquirers when recognizing and measuring acquired contract assets and liabilities. The amended guidance is effective for the Bancorp on January 1, 2023, with early adoption permitted, and is to be applied prospectively to business combinations occurring on or after the adoption date. The amended guidance may be applied retrospectively to the beginning of the fiscal year of adoption if early adopted in an interim period. ASU 2022-01 – Derivatives and Hedging (Topic 815): Fair Value Hedging-Portfolio Layer Method In March 2022, the FASB issued ASU 2022-01, which clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets and renames the last-of-layer method the portfolio layer method. Under current guidance, the last-of-layer method enables an entity to apply fair value hedging to a stated amount of a closed portfolio of prepayable financial assets without having to consider prepayment risk or credit risk when measuring those assets. ASU 2022-01 expands the scope of this guidance to allow entities to apply the portfolio layer method to portfolios of all financial assets, including both prepayable and nonprepayable financial assets. It allows entities to designate multiple layers within a single closed portfolio as individual hedged items. Further, ASU 2022-01 clarifies that the fair value basis adjustments should be adjusted at the portfolio level and should not be allocated to individual assets within the portfolio. The amended guidance is effective for the Bancorp on January 1, 2023 with early adoption permitted. Upon adoption, the Bancorp may designate multiple hedged layers of a single closed portfolio on a prospective basis. The amendments related to the fair value basis adjustments should be applied on a modified retrospective basis by recording a cumulative effect adjustment to retained earnings as of the beginning of the year of adoption. The Bancorp may elect to apply the disclosure requirements prospectively or retrospectively. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements. ASU 2022-02 – Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued ASU 2022-02, which eliminates the accounting guidance on troubled debt restructurings for creditors in ASC 310-40 and requires entities to evaluate all receivable modifications under ASC 310-20 to determine whether a modification made to a borrower results in a new loan or a continuation of the existing loan. The amended guidance adds enhanced disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. The amended guidance also requires disclosure of current period gross charge-offs by year of origination within the vintage disclosures required by ASC 326. The amended guidance is effective for the Bancorp on January 1, 2023 with early adoption permitted. The amendments on TDR disclosures and vintage disclosures should be adopted prospectively. The elimination of the TDR guidance may be adopted either prospectively or using a modified retrospective transition method. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements. ASU 2022-03 – Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions In June 2022, the FASB issued ASU 2022-03, which clarifies the guidance in ASC 820 on the fair value measurement of an equity security that is subject to contractual sale restrictions, stating that such restrictions are not considered part of the unit of account of the security and therefore are not considered in measuring fair value. The amended guidance also requires disclosure of the fair value of equity securities subject to contractual sale restrictions and certain additional information about those restrictions. The amended guidance is effective for the Bancorp on January 1, 2024, with early adoption permitted, and is to be applied prospectively. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements. Reference Rate Reform and LIBOR Transition In March 2020, the FASB issued ASU 2020-04, which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments in the ASU apply only to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued

Investment Securities

Investment Securities	6 Months Ended
Investment Securities	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The following tables provide the amortized cost, unrealized gains and losses and fair value for the major categories of the available-for-sale debt and other securities and held-to-maturity securities portfolios as of: June 30, 2022 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 2,185 — (92) 2,093 Obligations of states and political subdivisions securities 18 — — 18 Mortgage-backed securities: Agency residential mortgage-backed securities 12,603 3 (667) 11,939 Agency commercial mortgage-backed securities 28,742 21 (1,890) 26,873 Non-agency commercial mortgage-backed securities 5,111 — (341) 4,770 Asset-backed securities and other debt securities 6,675 5 (342) 6,338 Other securities (a) 806 — — 806 Total available-for-sale debt and other securities $ 56,140 29 (3,332) 52,837 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 3 — — 3 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 5 — — 5 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdi ngs of $315, $489 and $2, r espectively, at June 30, 2022, that are carried at cost. December 31, 2021 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 85 1 — 86 Obligations of states and political subdivisions securities 18 — — 18 Mortgage-backed securities: Agency residential mortgage-backed securities 8,432 368 (18) 8,782 Agency commercial mortgage-backed securities 18,236 784 (69) 18,951 Non-agency commercial mortgage-backed securities 4,364 128 (13) 4,479 Asset-backed securities and other debt securities 5,287 32 (44) 5,275 Other securities (a) 519 — — 519 Total available-for-sale debt and other securities $ 36,941 1,313 (144) 38,110 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 6 — — 6 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 8 — — 8 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $30, $486 and $3, respectively, at December 31, 2021, that are carried at cost. The following table provides the fair value of trading debt securities and equity securities as of: ($ in millions) June 30, December 31, Trading debt securities $ 293 512 Equity securities 326 376 The amounts reported in the preceding tables exclude accrued interest receivable on investment securities of $120 million and $82 million at June 30, 2022 and December 31, 2021, respectively, which is presented as a component of other assets in the Condensed Consolidated Balance Sheets. The Bancorp uses investment securities as a means of managing interest rate risk, providing collateral for pledging purposes and for liquidity risk management. As part of managing interest rate risk, the Bancorp acquires securities as a component of its MSR non-qualifying hedging strategy, with net gains or losses recorded in securities (losses) gains, net – non-qualifying hedges on mortgage servicing rights in the Condensed Consolidated Statements of Income. The following table presents the components of net securities gains and losses recognized in the Condensed Consolidated Statements of Income, including those recognized related to the Bancorp’s non-qualifying hedging strategy for MSRs: For the three months ended June 30, For the six months ended ($ in millions) 2022 2021 2022 2021 Available-for-sale debt and other securities: Realized gains $ 9 7 12 8 Realized losses (9) — (9) (10) Impairment losses — — — (7) Net realized gains (losses) on available-for-sale debt and other securities $ — 7 3 (9) Trading debt securities: Net realized (losses) gains — 1 (1) (1) Net unrealized gains (losses) — (8) 11 1 Net trading debt securities gains (losses) $ — (7) 10 — Equity securities: Net realized gains — 1 1 4 Net unrealized (losses) gains (32) 10 (62) 17 Net equity securities (losses) gains $ (32) 11 (61) 21 Total (losses) gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (a) $ (32) 11 (48) 12 (a) Excludes $1 and $4 of net securities losses for the three and six months ended June 30, 2022, respectively, and $1 and $3 of net securities losses for the three and six months ended June 30, 2021, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These losses are included in commercial banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income. In the first quarter of 2021, the Bancorp recognized $7 million of impairment losses on its available-for-sale debt and other securities, included in securities (losses) gains, net, in the Condensed Consolidated Statements of Income. These losses related to certain securities in unrealized loss positions that the Bancorp intended to sell prior to recovery of their amortized cost bases. The Bancorp did not consider these losses to be credit-related. At both June 30, 2022 and December 31, 2021, the Bancorp completed its evaluation of the available-for-sale debt and other securities in an unrealized loss position and did not recognize an allowance for credit losses. The Bancorp did not recognize provision expense related to available-for-sale debt and other securities in an unrealized loss position during both the three and six months ended June 30, 2022 and 2021. At June 30, 2022 and December 31, 2021, investment securities with a fair value o f $10.2 billion and $11.2 billion, respectively, were pledged to secure borrowings, public deposits, trust funds, derivative contracts and for other purposes as required or permitted by law. The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of June 30, 2022 are shown in the following table: ($ in millions) Available-for-Sale Debt and Other Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value Debt securities: (a) Due in 1 year or less $ 436 435 — — Due after 1 year through 5 years 11,890 11,538 3 3 Due after 5 years through 10 years 30,490 28,663 — — Due after 10 years 12,518 11,395 2 2 Other securities 806 806 — — Total $ 56,140 52,837 5 5 (a) Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties. The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of: Less than 12 months 12 months or more Total ($ in millions) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized June 30, 2022 U.S. Treasury and federal agencies securities $ 1,914 (92) — — 1,914 (92) Obligations of states and political subdivisions securities 1 — — — 1 — Agency residential mortgage-backed securities 11,515 (637) 141 (30) 11,656 (667) Agency commercial mortgage-backed securities 23,554 (1,675) 1,037 (215) 24,591 (1,890) Non-agency commercial mortgage-backed securities 4,693 (341) 1 — 4,694 (341) Asset-backed securities and other debt securities 5,374 (330) 480 (12) 5,854 (342) Total $ 47,051 (3,075) 1,659 (257) 48,710 (3,332) December 31, 2021 Agency residential mortgage-backed securities $ 935 (10) 161 (8) 1,096 (18) Agency commercial mortgage-backed securities 2,886 (49) 424 (20) 3,310 (69) Non-agency commercial mortgage-backed securities 1,052 (13) — — 1,052 (13) Asset-backed securities and other debt securities 2,870 (34) 367 (10) 3,237 (44) Total $ 7,743 (106) 952 (38) 8,695 (144) At June 30, 2022 and December 31, 2021, $34 million and $2 million, respectively, of unrealized losses in the available-for-sale debt and other securities portfolio were related to non-rated securities.

Loans and Leases

Loans and Leases	6 Months Ended
Loans and Leases	Jun. 30, 2022
Receivables [Abstract]
Loans and Leases	Loans and Leases The Bancorp diversifies its loan and lease portfolio by offering a variety of loan and lease products with various payment terms and rate structures. The Bancorp’s commercial loan and lease portfolio consists of lending to various industry types. Management periodically reviews the performance of its loan and lease products to evaluate whether they are performing within acceptable interest rate and credit risk levels and changes are made to underwriting policies and procedures as needed. The Bancorp maintains an allowance to absorb loan and lease losses that are expected to be incurred over the remaining contractual terms of the related loans and leases. For further information on credit quality and the ALLL, refer to Note 6. The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of: ($ in millions) June 30, December 31, Loans and leases held for sale: Commercial and industrial loans $ 3 7 Commercial mortgage loans — 13 Commercial leases 1 1 Residential mortgage loans 2,538 4,394 Total loans and leases held for sale $ 2,542 4,415 Portfolio loans and leases: Commercial and industrial loans (a) $ 56,095 51,659 Commercial mortgage loans 10,748 10,316 Commercial construction loans 5,357 5,241 Commercial leases 2,850 3,052 Total commercial loans and leases $ 75,050 70,268 Residential mortgage loans $ 17,566 16,397 Home equity 3,906 4,084 Indirect secured consumer loans 17,017 16,783 Credit card 1,763 1,766 Other consumer loans 3,521 2,752 Total consumer loans $ 43,773 41,782 Total portfolio loans and leases $ 118,823 112,050 (a) Includes $371 million and $1.3 billion as of June 30, 2022 and December 31, 2021, respectively, related to the SBA’s Paycheck Protection Program. Portfolio loans and leases are recorded net of unearned income, which totaled $242 million and $244 million as of June 30, 2022 and December 31, 2021, respectively. Additionally, portfolio loans and leases are recorded net of unamortized premiums and discounts, deferred direct loan origination fees and costs and fair value adjustments (associated with acquired loans or loans designated as fair value upon origination), which totaled a net premium of $452 million and $498 million as of June 30, 2022 and December 31, 2021, respectively. The amortized cost basis of loans and leases excludes accrued interest receivable of $356 million and $332 million at June 30, 2022 and December 31, 2021, respectively, which is presented as a component of other assets in the Condensed Consolidated Balance Sheets. The Bancorp’s FHLB and FRB borrowings are primarily secured by loans. The Bancorp had loans of $16.6 billion and $15.3 billion as of June 30, 2022 and December 31, 2021, respectively, pledged at the FHLB, and loans of $55.8 billion and $50.9 billion at June 30, 2022 and December 31, 2021, respectively, pledged at the FRB. The following table presents a summary of the total loans and leases owned by the Bancorp as of: Carrying Value 90 Days Past Due and Still Accruing (a) ($ in millions) June 30, December 31, June 30, December 31, Commercial and industrial loans $ 56,098 51,666 6 17 Commercial mortgage loans 10,748 10,329 — 1 Commercial construction loans 5,357 5,241 — 1 Commercial leases 2,851 3,053 1 — Residential mortgage loans 20,104 20,791 8 72 Home equity 3,906 4,084 2 1 Indirect secured consumer loans 17,017 16,783 8 9 Credit card 1,763 1,766 13 15 Other consumer loans 3,521 2,752 1 1 Total loans and leases $ 121,365 116,465 39 117 Less: Loans and leases held for sale 2,542 4,415 Total portfolio loans and leases $ 118,823 112,050 (a) Excludes government guaranteed residential mortgage loans. The following table presents a summary of net charge-offs (recoveries): For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Commercial and industrial loans $ 33 13 42 40 Commercial mortgage loans — 6 (1) 8 Commercial construction loans 3 — 3 — Commercial leases — (2) — (2) Residential mortgage loans (1) — (1) (1) Home equity — (1) (1) (1) Indirect secured consumer loans 5 — 13 9 Credit card 14 20 27 45 Other consumer loans 8 8 14 17 Total net charge-offs $ 62 44 96 115 The Bancorp engages in commercial lease products primarily related to the financing of commercial equipment. Leases are classified as sales-type if the Bancorp transfers control of the underlying asset to the lessee. The Bancorp classifies leases that do not meet any of the criteria for a sales-type lease as a direct financing lease if the present value of the sum of the lease payments and any residual value guaranteed by the lessee and/or any other third party equals or exceeds substantially all of the fair value of the underlying asset and the collection of the lease payments and residual value guarantee is probable. The following table presents the components of the net investment in leases as of: ($ in millions) (a) June 30, December 31, 2021 Net investment in direct financing leases: Lease payment receivable (present value) $ 718 886 Unguaranteed residual assets (present value) 135 147 Net premium on acquired leases 1 1 Net investment in sales-type leases: Lease payment receivable (present value) 1,688 1,678 Unguaranteed residual assets (present value) 62 55 (a) Excludes $246 and $285 of leveraged leases at June 30, 2022 and December 31, 2021, respectively. Interest income recognized in the Condensed Consolidated Statements of Income for the three and six months ended June 30, 2022 was $7 million and $15 million, respectively, for direct financing leases and $12 million and $23 million, respectively, for sales-type leases. For the three and six months ended June 30, 2021, interest income recognized was $11 million and $23 million, respectively, for direct financing leases and $10 million and $20 million, respectively, for sales-type leases. The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows: As of June 30, 2022 ($ in millions) Direct Financing Sales-Type Leases Remainder of 2022 $ 118 266 2023 212 452 2024 152 363 2025 111 305 2026 83 172 2027 45 123 Thereafter 44 131 Total undiscounted cash flows $ 765 1,812 Less: Difference between undiscounted cash flows and discounted cash flows 47 124 Present value of lease payments (recognized as lease receivables) $ 718 1,688 The lease residual value represents the present value of the estimated fair value of the leased equipment at the end of the lease. The Bancorp performs quarterly reviews of residual values associated with its leasing portfolio considering factors such as the subject equipment, structure of the transaction, industry, prior experience with the lessee and other factors that impact the residual value to assess for impairment. The Bancorp maintained an allowance of $15 million at both June 30, 2022 and December 31, 2021 to cover the losses that are expected to be incurred over the remaining contractual terms of the related leases, including the potential losses related to the residual value, in the net investment in leases. Refer to Note 6 for additional information on credit quality and the ALLL.

Credit Quality and the Allowanc

Credit Quality and the Allowance for Loan and Lease Losses	6 Months Ended
Credit Quality and the Allowance for Loan and Lease Losses	Jun. 30, 2022
Receivables [Abstract]
Credit Quality and the Allowance for Loan and Lease Losses	Credit Quality and the Allowance for Loan and Lease Losses The Bancorp disaggregates ALLL balances and transactions in the ALLL by portfolio segment. Credit quality related disclosures for loans and leases are further disaggregated by class. Allowance for Loan and Lease Losses The following tables summarize transactions in the ALLL by portfolio segment: For the three months ended June 30, 2022 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,110 239 559 1,908 Losses charged off (a) (37) — (53) (90) Recoveries of losses previously charged off (a) 1 1 26 28 Provision for loan and lease losses 91 8 69 168 Balance, end of period $ 1,165 248 601 2,014 (a) The Bancorp recorded $7 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the three months ended June 30, 2021 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,329 247 632 2,208 Losses charged off (a) (45) (1) (57) (103) Recoveries of losses previously charged off (a) 28 1 30 59 Benefit from loan and lease losses (88) (12) (31) (131) Balance, end of period $ 1,224 235 574 2,033 (a) The Bancorp recorded $8 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the six months ended June 30, 2022 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,102 235 555 1,892 Losses charged off (a) (48) (1) (105) (154) Recoveries of losses previously charged off (a) 4 2 52 58 Provision for loan and lease losses 107 12 99 218 Balance, end of period $ 1,165 248 601 2,014 (a) The Bancorp recorded $15 i n both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the six months ended June 30, 2021 ($ in millions) Commercial Residential Mortgage Consumer Total Balance, beginning of period $ 1,456 294 703 2,453 Losses charged off (a) (81) (2) (128) (211) Recoveries of losses previously charged off (a) 35 3 58 96 Benefit from loan and lease losses (186) (60) (59) (305) Balance, end of period $ 1,224 235 574 2,033 (a) The Bancorp recorded $18 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment: As of June 30, 2022 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 65 52 44 161 Collectively evaluated 1,100 196 557 1,853 Total ALLL $ 1,165 248 601 2,014 Portfolio loans and leases: (b) Individually evaluated $ 576 563 310 1,449 Collectively evaluated 74,474 16,870 25,897 117,241 Total portfolio loans and leases $ 75,050 17,433 26,207 118,690 (a) Includes $2 related to commercial leveraged leases at June 30, 2022. (b) Excludes $133 of residential mortgage loans measured at fair value and includes $246 of commercial leveraged leases, net of unearned income at June 30, 2022. As of December 31, 2021 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 77 46 41 164 Collectively evaluated 1,025 189 514 1,728 Total ALLL $ 1,102 235 555 1,892 Portfolio loans and leases: (b) Individually evaluated $ 579 460 313 1,352 Collectively evaluated 69,689 15,783 25,072 110,544 Total portfolio loans and leases $ 70,268 16,243 25,385 111,896 (a) Includes $2 related to commercial leveraged leases at December 31, 2021. (b) Excludes $154 of residential mortgage loans measured at fair value and includes $285 of commercial leveraged leases, net of unearned income at December 31, 2021. CREDIT RISK PROFILE Commercial Portfolio Segment For purposes of monitoring the credit quality and risk characteristics of its commercial portfolio segment, the Bancorp disaggregates the segment into the following classes: commercial and industrial, commercial mortgage owner-occupied, commercial mortgage nonowner-occupied, commercial construction and commercial leases. To facilitate the monitoring of credit quality within the commercial portfolio segment, the Bancorp utilizes the following categories of credit grades: pass, special mention, substandard, doubtful and loss. The five categories, which are derived from standard regulatory rating definitions, are assigned upon initial approval of credit to borrowers and updated periodically thereafter. Pass ratings, which are assigned to those borrowers that do not have identified potential or well-defined weaknesses and for which there is a high likelihood of orderly repayment, are updated at least annually based on the size and credit characteristics of the borrower. All other categories are updated on a quarterly basis during the month preceding the end of the calendar quarter. The Bancorp assigns a special mention rating to loans and leases that have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the loan or lease or the Bancorp’s credit position. The Bancorp assigns a substandard rating to loans and leases that are inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged. Substandard loans and leases have well-defined weaknesses or weaknesses that could jeopardize the orderly repayment of the debt. Loans and leases in this grade also are characterized by the distinct possibility that the Bancorp will sustain some loss if the deficiencies noted are not addressed and corrected. The Bancorp assigns a doubtful rating to loans and leases that have all the attributes of a substandard rating with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors that may work to the advantage of and strengthen the credit quality of the loan or lease, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors may include a proposed merger or acquisition, liquidation proceeding, capital injection, perfecting liens on additional collateral or refinancing plans. Loans and leases classified as loss are considered uncollectible and are charged off in the period in which they are determined to be uncollectible. Because loans and leases in this category are fully charged off, they are not included in the following tables. For loans and leases that are collectively evaluated, the Bancorp utilizes models to forecast expected credit losses over a reasonable and supportable forecast period based on the probability of a loan or lease defaulting, the expected balance at the estimated date of default and the expected loss percentage given a default. For the commercial portfolio segment, the estimates for probability of default are primarily based on internal ratings assigned to each commercial borrower on a 13-point scale and historical observations of how those ratings migrate to a default over time in the context of macroeconomic conditions. For loans with available credit, the estimate of the expected balance at the time of default considers expected utilization rates, which are primarily based on macroeconomic conditions and the utilization history of similar borrowers under those economic conditions. The estimates for loss severity are primarily based on collateral type and coverage levels and the susceptibility of those characteristics to changes in macroeconomic conditions. For more information about the Bancorp’s processes for developing these models, estimating credit losses for periods beyond the reasonable and supportable forecast period and for estimating credit losses for individually evaluated loans, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021. The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk grade: As of June 30, 2022 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2022 2021 2020 2019 2018 Prior Total Commercial and industrial loans: Pass $ 2,282 4,003 1,443 717 407 680 43,532 — 53,064 Special mention 21 41 53 90 44 24 680 — 953 Substandard 52 61 46 19 10 188 1,682 — 2,058 Doubtful — — — — — — 20 — 20 Total commercial and industrial loans $ 2,355 4,105 1,542 826 461 892 45,914 — 56,095 Commercial mortgage owner-occupied loans: Pass $ 738 926 597 302 228 373 1,394 — 4,558 Special mention 9 54 19 50 15 4 77 — 228 Substandard 18 7 49 39 22 55 87 — 277 Doubtful — — — — — — — — — Total commercial mortgage owner- occupied loans $ 765 987 665 391 265 432 1,558 — 5,063 Commercial mortgage nonowner-occupied loans: Pass $ 693 488 587 569 261 257 2,046 — 4,901 Special mention 4 72 2 7 — 15 212 — 312 Substandard 76 150 18 4 3 10 211 — 472 Doubtful — — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 773 710 607 580 264 282 2,469 — 5,685 Commercial construction loans: Pass $ 60 24 93 12 36 7 4,656 — 4,888 Special mention — — — — — — 177 — 177 Substandard — — — — — 2 290 — 292 Doubtful — — — — — — — — — Total commercial construction loans $ 60 24 93 12 36 9 5,123 — 5,357 Commercial leases: Pass $ 258 794 363 235 185 875 — — 2,710 Special mention — 19 7 7 19 43 — — 95 Substandard — 6 3 8 12 16 — — 45 Doubtful — — — — — — — — — Total commercial leases $ 258 819 373 250 216 934 — — 2,850 Total commercial loans and leases: Pass $ 4,031 6,235 3,083 1,835 1,117 2,192 51,628 — 70,121 Special mention 34 186 81 154 78 86 1,146 — 1,765 Substandard 146 224 116 70 47 271 2,270 — 3,144 Doubtful — — — — — — 20 — 20 Total commercial loans and leases $ 4,211 6,645 3,280 2,059 1,242 2,549 55,064 — 75,050 As of December 31, 2021 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2021 2020 2019 2018 2017 Prior Total Commercial and industrial loans: Pass $ 4,266 2,291 1,198 552 356 752 39,486 — 48,901 Special mention 37 22 12 29 22 5 665 — 792 Substandard 19 52 36 69 52 115 1,623 — 1,966 Doubtful — — — — — — — — — Total commercial and industrial loans $ 4,322 2,365 1,246 650 430 872 41,774 — 51,659 Commercial mortgage owner-occupied loans: Pass $ 1,082 804 471 296 183 331 1,141 — 4,308 Special mention — 31 46 17 2 40 69 — 205 Substandard 22 38 3 12 3 27 91 — 196 Doubtful — — — — — — — — — Total commercial mortgage owner-occupied loans $ 1,104 873 520 325 188 398 1,301 — 4,709 Commercial mortgage nonowner-occupied loans: Pass $ 635 733 595 284 141 302 1,977 — 4,667 Special mention 89 12 11 5 7 9 162 — 295 Substandard 160 78 4 3 9 3 388 — 645 Doubtful — — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 884 823 610 292 157 314 2,527 — 5,607 Commercial construction loans: Pass $ 50 69 11 37 — 9 4,488 — 4,664 Special mention — 39 — — — — 193 — 232 Substandard 17 — — — — — 328 — 345 Doubtful — — — — — — — — — Total commercial construction loans $ 67 108 11 37 — 9 5,009 — 5,241 Commercial leases: Pass $ 1,019 436 284 231 233 776 — — 2,979 Special mention 4 4 5 9 — 8 — — 30 Substandard 7 3 8 10 13 2 — — 43 Doubtful — — — — — — — — — Total commercial leases $ 1,030 443 297 250 246 786 — — 3,052 Total commercial loans and leases: Pass $ 7,052 4,333 2,559 1,400 913 2,170 47,092 — 65,519 Special mention 130 108 74 60 31 62 1,089 — 1,554 Substandard 225 171 51 94 77 147 2,430 — 3,195 Doubtful — — — — — — — — — Total commercial loans and leases $ 7,407 4,612 2,684 1,554 1,021 2,379 50,611 — 70,268 Age Analysis of Past Due Commercial Loans and Leases The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class: Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of June 30, 2022 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans (b) $ 55,952 105 38 143 56,095 6 Commercial mortgage owner-occupied loans 5,050 11 2 13 5,063 — Commercial mortgage nonowner-occupied loans 5,685 — — — 5,685 — Commercial construction loans 5,356 — 1 1 5,357 — Commercial leases 2,842 5 3 8 2,850 1 Total portfolio commercial loans and leases $ 74,885 121 44 165 75,050 7 (a) Includes accrual and nonaccrual loans and leases. (b) Includes loans related to the SBA’s Paycheck Protection Program of which $16 were 30-89 days past due and $5 were 90 days or more past due. Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of December 31, 2021 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans (b) $ 51,549 61 49 110 51,659 17 Commercial mortgage owner-occupied loans 4,701 4 4 8 4,709 1 Commercial mortgage nonowner-occupied loans 5,606 — 1 1 5,607 — Commercial construction loans 5,241 — — — 5,241 1 Commercial leases 3,035 16 1 17 3,052 — Total portfolio commercial loans and leases $ 70,132 81 55 136 70,268 19 (a) Includes accrual and nonaccrual loans and leases. (b) Includes loans related to the SBA’s Paycheck Protection Program, of which $20 were 30-89 days past due and $6 were 90 days or more past due. Residential Mortgage and Consumer Portfolio Segments For purposes of monitoring the credit quality and risk characteristics of its consumer portfolio segment, the Bancorp disaggregates the segment into the following classes: home equity, indirect secured consumer loans, credit card and other consumer loans. The Bancorp’s residential mortgage portfolio segment is also a separate class. The Bancorp considers repayment performance as the best indicator of credit quality for residential mortgage and consumer loans, which includes both the delinquency status and performing versus nonperforming status of the loans. The delinquency status of all residential mortgage and consumer loans and the performing versus nonperforming status are presented in the following table. Loans and leases which received payment deferrals or forbearances as part of the Bancorp’s COVID-19 customer relief programs are generally not reported as delinquent during the forbearance or deferral period if the loan or lease was less than 30 days past due at March 1, 2020 (the effective date of the COVID-19 national emergency declaration) unless the loan or lease subsequently becomes delinquent according to its modified terms. Refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021 for additional information. For collectively evaluated loans in the consumer and residential mortgage portfolio segments, the Bancorp’s expected credit loss models primarily utilize the borrower’s FICO score and delinquency history in combination with macroeconomic conditions when estimating the probability of default. The estimates for loss severity are primarily based on collateral type and coverage levels and the susceptibility of those characteristics to changes in macroeconomic conditions. The expected balance at the estimated date of default is also particularly significant for portfolio classes which generally have longer terms (such as residential mortgage loans and home equity) and portfolio classes containing a high concentration of loans with revolving privileges (such as home equity). The estimate of the expected balance at the time of default considers expected prepayment and utilization rates where applicable, which are primarily based on macroeconomic conditions and the utilization history of similar borrowers under those economic conditions. Refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021 for additional information about the Bancorp’s process for developing these models and its process for estimating credit losses for periods beyond the reasonable and supportable forecast period. The following tables present the amortized cost basis of the Bancorp’s residential mortgage and consumer portfolio segments, by class and vintage, disaggregated by both age and performing versus nonperforming status: As of June 30, 2022 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2022 2021 2020 2019 2018 Prior Total Residential mortgage loans: Performing: Current (a) $ 2,264 5,648 3,134 1,123 380 4,757 — — 17,306 30-89 days past due — — 1 1 2 12 — — 16 90 days or more past due — — — 1 — 7 — — 8 Total performing 2,264 5,648 3,135 1,125 382 4,776 — — 17,330 Nonperforming — 1 3 3 5 91 — — 103 Total residential mortgage loans (b) $ 2,264 5,649 3,138 1,128 387 4,867 — — 17,433 Home equity: Performing: Current $ 4 2 5 10 14 98 3,663 14 3,810 30-89 days past due — — — — — 2 20 — 22 90 days or more past due — — — — — 2 — — 2 Total performing 4 2 5 10 14 102 3,683 14 3,834 Nonperforming — — — — — 8 63 1 72 Total home equity $ 4 2 5 10 14 110 3,746 15 3,906 Indirect secured consumer loans: Performing: Current $ 3,868 7,092 3,295 1,641 617 377 — — 16,890 30-89 days past due 10 32 21 20 12 6 — — 101 90 days or more past due 1 2 2 1 1 1 — — 8 Total performing 3,879 7,126 3,318 1,662 630 384 — — 16,999 Nonperforming — 1 7 4 3 3 — — 18 Total indirect secured consumer loans $ 3,879 7,127 3,325 1,666 633 387 — — 17,017 Credit card: Performing: Current $ — — — — — — 1,710 — 1,710 30-89 days past due — — — — — — 17 — 17 90 days or more past due — — — — — — 13 — 13 Total performing — — — — — — 1,740 — 1,740 Nonperforming — — — — — — 23 — 23 Total credit card $ — — — — — — 1,763 — 1,763 Other consumer loans: Performing: Current $ 847 691 435 218 142 174 974 19 3,500 30-89 days past due 1 4 2 2 2 2 4 1 18 90 days or more past due — — — 1 — — — — 1 Total performing 848 695 437 221 144 176 978 20 3,519 Nonperforming — — — — — 1 1 — 2 Total other consumer loans $ 848 695 437 221 144 177 979 20 3,521 Total residential mortgage and consumer loans: Performing: Current $ 6,983 13,433 6,869 2,992 1,153 5,406 6,347 33 43,216 30-89 days past due 11 36 24 23 16 22 41 1 174 90 days or more past due 1 2 2 3 1 10 13 — 32 Total performing 6,995 13,471 6,895 3,018 1,170 5,438 6,401 34 43,422 Nonperforming — 2 10 7 8 103 87 1 218 Total residential mortgage and consumer loans (b) $ 6,995 13,473 6,905 3,025 1,178 5,541 6,488 35 43,640 (a) Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of June 30, 2022, $71 of these loans were 30-89 days past due and $150 were 90 days or more past due. The Bancorp recognized $1 of losses during both the three and six months ended June 30, 2022 due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $133 of residential mortgage loans measured at fair value at June 30, 2022. As of December 31, 2021 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2021 2020 2019 2018 2017 Prior Total Residential mortgage loans: Performing: Current (a) $ 5,886 3,309 1,294 418 954 4,261 — — 16,122 30-89 days past due 1 1 1 1 1 13 — — 18 90 days or more past due — 2 4 3 9 52 — — 70 Total performing 5,887 3,312 1,299 422 964 4,326 — — 16,210 Nonperforming — — 1 — 2 30 — — 33 Total residential mortgage loans (b) $ 5,887 3,312 1,300 422 966 4,356 — — 16,243 Home equity: Performing: Current $ 2 6 13 18 2 113 3,815 12 3,981 30-89 days past due — — — — — 3 22 — 25 90 days or more past due — — — — — 1 — — 1 Total performing 2 6 13 18 2 117 3,837 12 4,007 Nonperforming — — — — — 9 67 1 77 Total home equity $ 2 6 13 18 2 126 3,904 13 4,084 Indirect secured consumer loans: Performing: Current $ 8,732 4,206 2,221 902 389 194 — — 16,644 30-89 days past due 26 24 25 17 8 3 — — 103 90 days or more past due 2 2 2 2 1 — — — 9 Total performing 8,760 4,232 2,248 921 398 197 — — 16,756 Nonperforming — 12 5 5 3 2 — — 27 Total indirect secured consumer loans $ 8,760 4,244 2,253 926 401 199 — — 16,783 Credit card: Performing: Current $ — — — — — — 1,710 — 1,710 30-89 days past due — — — — — — 18 — 18 90 days or more past due — — — — — — 15 — 15 Total performing — — — — — — 1,743 — 1,743 Nonperforming — — — — — — 23 — 23 Total credit card $ — — — — — — 1,766 — 1,766 Other consumer loans: Performing: Current $ 692 530 275 174 105 47 913 — 2,736 30-89 days past due 3 2 3 2 1 — 2 1 14 90 days or more past due — — 1 — — — — — 1 Total performing 695 532 279 176 106 47 915 1 2,751 Nonperforming — — — — — — 1 — 1 Total other consumer loans $ 695 532 279 176 106 47 916 1 2,752 Total residential mortgage and consumer loans: Performing: Current $ 15,312 8,051 3,803 1,512 1,450 4,615 6,438 12 41,193 30-89 days past due 30 27 29 20 10 19 42 1 178 90 days or more past due 2 4 7 5 10 53 15 — 96 Total performing 15,344 8,082 3,839 1,537 1,470 4,687 6,495 13 41,467 Nonperforming — 12 6 5 5 41 91 1 161 Total residential mortgage and consumer loans (b) $ 15,344 8,094 3,845 1,542 1,475 4,728 6,586 14 41,628 (a) Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of December 31, 2021, $49 of these loans were 30-89 days past due and $139 were 90 days or more past due. The Bancorp recognized an immaterial amount and $1 of losses during the three and six months ended June 30, 2021 due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $154 of residential mortgage loans measured at fair value at December 31, 2021. Collateral-Dependent Loans and Leases The Bancorp considers a loan or lease to be collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. When a loan or lease is collateral-dependent, its fair value is generally based on the fair value less cost to sell of the underlying collateral. The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of: ($ in millions) June 30, December 31, Commercial loans and leases: Commercial and industrial loans $ 476 467 Commercial mortgage owner-occupied loans 13 22 Commercial mortgage nonowner-occupied loans 29 31 Commercial construction loans 53 56 Commercial leases 5 3 Total commercial loans and leases $ 576 579 Residential mortgage loans 59 60 Consumer loans: Home equity 52 58 Indirect secured consumer loans 6 8 Total consumer loans $ 58 66 Total portfolio loans and leases $ 693 705 Nonperforming Assets Nonperforming assets include nonaccrual loans and leases for which ultimate collectability of the full amount of the principal and/or interest is uncertain; restructured commercial, credit card and consumer loans which do not meet the requirements to be classified as a performing asset; and certain other assets, including OREO and other repossessed property. The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of: June 30, 2022 December 31, 2021 ($ in millions) With an ALLL No Related Total With an ALLL No Related Total Commercial loans and leases: Commercial and industrial loans $ 164 104 268 151 128 279 Commercial mortgage owner-occupied loans 10 10 20 10 13 23 Commercial mortgage nonowner-occupied loans 25 — 25 22 3 25 Commercial construction loans 1 3 4 6 — 6 Commercial leases — 2 2 3 1 4 Total nonaccrual portfolio commercial loans and leases $ 200 119 319 192 145 337 Residential mortgage loans 61 44 105 14 19 33 Consumer loans: Home equity 50 22 72 53 24 77 Indirect secured consumer loans 14 4 18 21 6 27 Credit card 23 — 23 23 — 23 Other consumer loans 2 — 2 1 — 1 Total nonaccrual portfolio consumer loans $ 89 26 115 98 30 128 Total nonaccrual portfolio loans and leases (a)(b) $ 350 189 539 304 194 498 OREO and other repossessed property — 20 20 — 29 29 Total nonperforming portfolio assets (a)(b) $ 350 209 559 304 223 527 (a) Excludes an immaterial amount and $15 of nonaccrual loans held for sale as of June 30, 2022 and December 31, 2021, respectively. (b) Includes $15 and $26 of nonaccrual government insured commercial loans whose repayments are insured by the SBA as of June 30, 2022 and December 31, 2021, respectively, of which $9 and $11 are restructured nonaccrual government insured commercial loans as of June 30, 2022 and December 31, 2021, respectively. The Bancorp recognized an immaterial amount of interest income on nonaccrual loans and leases for both the three and six months ended June 30, 2022 and 2021. The Bancorp’s amortized cost basis of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction was $167 million and $84 million as of June 30, 2022 and December 31, 2021, respectively. Troubled Debt Restructurings A loan is accounted for as a TDR if the Bancorp, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider. TDRs include concessions granted under reorganization, arrangement or other provisions of the Federal Bankruptcy Act. Within each of the Bancorp’s loan classes, TDRs typically involve either a reduction of the stated interest rate of the loan, an extension of the loan’s maturity date with a stated rate lower than the current market rate for a new loan with similar risk, or in limited circumstances, a reduction of the principal balance of the loan or the loan’s accrued interest. Modifying the terms of a loan may result in an increase or decrease to the ALLL depending upon the terms modified, the method used to measure the ALLL for a loan prior to modification, the extent of collateral, and whether any charge-offs were recorded on the loan before or at the time of modification. Refer to the ALLL section of Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021 for information on the Bancorp’s ALLL methodology. Upon modification of a loan, the Bancorp measures the expected credit loss as either the difference between the amortized cost of the loan and the fair value of collateral less cost to sell or the difference between the estimated future cash flows expected to be collected on the modified loan, discounted at the original effective yield of the loan, and the carrying value of the loan. The resulting measurement may result in the need for minimal or no allowance regardless of which is used because it is probable that all cash flows will be collected under the modified terms of the loan. In addition, if the stated interest rate was increased in a TDR that is not collateral-dependent, the cash flows on the modified loan, using the pre-modification interest rate as the discount rate, often exceed the amortized cost basis of the loan. Conversely, upon a modification that reduces the stated interest rate on a loan that is not collateral-dependent, the Bancorp recognizes an increase to the ALLL. If a TDR involves a reduction of the principal balance of the loan or the loan’s accrued interest, that amount is charged off to the ALLL. Loans discharged in a Chapter 7 bankruptcy and not reaffirmed by the borrower are treated as nonaccrual collateral-dependent loans with a charge-off recognized to reduce the carrying values of such loans to the fair value of the related collateral less costs to sell. Certain loan modifications which were made in response to the COVID-19 pandemic were not evaluated for classification as a TDR. Refer to the Regulatory Developments Related to the COVID-19 Pandemic section of Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021 for additional information. The Bancorp had commitments to lend additional funds to borrowers whose terms have been modified in a TDR, consisting of line of credit and letter of credit commitments of $135 million and $60 million, respectively, as of June 30, 2022 compared to $121 million and $66 million, respectively, as of December 31, 2021. The following tables provide a summary of portfolio loans, by class, modified in a TDR by the Bancorp during the three months ended: June 30, 2022 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 20 $ 74 — — Commercial mortgage owner-occupied loans 1 — — — Commercial mortgage nonowner-occupied loans 3 23 — — Commercial construction loans 2 4 (3) — Residential mortgage loans 478 73 4 — Consumer loans: Home equity 72 3 (1) — Indirect secured consumer loans 777 14 1 — Credit card 1,193 6 3 — Total portfolio loans 2,546 $ 197 4 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. June 30, 2021 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 7 $ 25 — — Residential mortgage loans 124 23 1 — Consumer loans: Home equity 39 2 — — Indirect secured consumer loans 450 8 — — Credit card 1,373 8 1 — Total portfolio loans 1,993 $ 66 2 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. The following tables provide a summary of loans and leases, by class, modified in a TDR by the Bancorp during the six months ended: June 30, 2022 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 50 $ 165 13 — Commercial mortgage owner-occupied loans 6 4 (1) — Commercial mortgage nonowner-occupied loans 3 23 — — Commercial construction loans 2 4 (3) — Residential mortgage loans 738 115 7 — Consumer loans: Home equity 124 10 (2) — Indirect secured consumer loans 2,051 41 1 — Credit card 2,314 12 5 — Total portfolio loans 5,288 $ 374 20 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. June 30, 2021 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 26 $ 31 1 — Commercial mortgage owner-occupied loans 1 4 — — Commercial mortgage nonowner-occupied loans 3 25 — — Residential mortgage loans 302 59 2 — Consumer loans: Home equity 97 5 (1) — Indirect secured consumer loans 2,193 51 1 — Credit card 3,168 18 4 — Total portfolio loans 5,790 $ 193 7 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. The Bancorp considers TDRs that become 90 days or more past due under the modified terms as subsequently defaulted. For commercial loans not subject to individual evaluation for an ALLL, the applicable commercial models are applied for purposes of determining the ALLL as well as qualitatively assessing whether those loans are reasonably expected to be further restructured prior to their maturity date and, if so, the impact such a restructuring would have on the remaining contractual life of the loans. When a residential mortgage, home equity, indirect secured consumer or other consumer loan that has been modified in a TDR subsequently defaults, the present value of expected cash flows used in the measurement of the expected credit loss is generally limited to the expected net proceeds from the sale of the loan’s underlying collateral and any resulting collateral shortfall is reflected as a charge-off or an increase in ALLL. The Bancorp recognizes an ALLL for the entire balance of the credit card loans modified in a TDR that subsequently default. The fol

Bank Premises and Equipment

Bank Premises and Equipment	6 Months Ended
Bank Premises and Equipment	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Bank Premises and Equipment	Bank Premises and Equipment The following table provides a summary of bank premises and equipment as of: ($ in millions) June 30, December 31, Equipment $ 2,422 2,392 Buildings (a) 1,660 1,668 Land and improvements (a) 648 645 Leasehold improvements 526 517 Construction in progress (a) 93 84 Bank premises and equipment held for sale: Land and improvements 18 18 Buildings 6 6 Accumulated depreciation and amortization (3,255) (3,210) Total bank premises and equipment $ 2,118 2,120 (a) Buildings, land and improvements and construction in progress included $33 and $39 associated with parcels of undeveloped land intended for future branch expansion at June 30, 2022 and December 31, 2021, respectively. The Bancorp monitors changing customer preferences associated with the channels it uses for banking transactions to evaluate the efficiency, competitiveness and quality of the customer service experience in its consumer distribution network. As part of this ongoing assessment, the Bancorp may determine that it is no longer fully committed to maintaining full-service banking centers at certain locations. Similarly, the Bancorp may also determine that it is no longer fully committed to building banking centers on certain parcels of land which had previously been held for future branch expansion. The Bancorp closed a total of 41 banking centers throughout its footprint during the six months ended June 30, 2022. The Bancorp performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. Impairment losses associated with such assessments and lower of cost or market adjustments were $1 million and $2 million for the three months ended June 30, 2022 and 2021, respectively, and $1 million and $4 million for the six months ended June 30, 2022 and 2021, respectively. The recognized impairment losses were recorded in other noninterest income in the Condensed Consolidated Statements of Income.

Operating Lease Equipment

Operating Lease Equipment	6 Months Ended
Operating Lease Equipment	Jun. 30, 2022
Leases [Abstract]
Operating Lease Equipment	Operating Lease Equipment Operating lease equipment was $600 million and $616 million at June 30, 2022 and December 31, 2021, respectively, net of accumulated depreciation of $328 million and $304 million at June 30, 2022 and December 31, 2021, respectively. The Bancorp recorded lease income of $36 million and $39 million relating to lease payments for operating leases in leasing business revenue in the Condensed Consolidated Statements of Income during the three months ended June 30, 2022 and 2021, respectively, and $72 million and $78 million during the six months ended June 30, 2022 and 2021, respectively. Depreciation expense related to operating lease equipment was $30 million and $31 million during the three months ended June 30, 2022 and 2021, respectively, and $59 million and $64 million during the six months ended June 30, 2022 and 2021, respectively. The Bancorp received payments of $72 million and $80 million related to operating leases during the six months ended June 30, 2022 and 2021, respectively. The Bancorp performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. As a result of these recoverability assessments, the Bancorp recognized an immaterial amount of impairment losses associated with operating lease assets during both the three months ended June 30, 2022 and 2021, and recognized $2 million and $25 million of impairment losses during the six months ended June 30, 2022 and 2021, respectively. The recognized impairment losses were recorded in leasing business revenue in the Condensed Consolidated Statements of Income. The following table presents future lease payments receivable from operating leases for the remainder of 2022 through 2027 and thereafter: As of June 30, 2022 ($ in millions) Undiscounted Remainder of 2022 $ 69 2023 119 2024 83 2025 57 2026 35 2027 15 Thereafter 19 Total operating lease payments $ 397

Lease Obligations - Lessee

Lease Obligations - Lessee	6 Months Ended
Lease Obligations - Lessee	Jun. 30, 2022
Leases [Abstract]
Lease Obligations - Lessee	Lease Obligations – Lessee The Bancorp leases certain banking centers, ATM sites, land for owned buildings and equipment. The Bancorp’s lease agreements typically do not contain any residual value guarantees or any material restrictive covenants. For more information on the accounting for lease obligations, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021. The following table provides a summary of lease assets and lease liabilities as of: ($ in millions) Condensed Consolidated Balance Sheets Caption June 30, December 31, Assets Operating lease right-of-use assets Other assets $ 469 427 Finance lease right-of-use assets Bank premises and equipment 151 145 Total right-of-use assets (a) $ 620 572 Liabilities Operating lease liabilities Accrued taxes, interest and expenses $ 561 520 Finance lease liabilities Long-term debt 154 149 Total lease liabilities $ 715 669 (a) Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $227 and $56, respectively, as of June 30, 2022, and $198 and $47, respectively, as of December 31, 2021. The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the six months ended 2022 2021 2022 2021 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 5 4 9 9 Interest on lease liabilities Interest on long-term debt 1 1 2 2 Total finance lease costs $ 6 5 11 11 Operating lease cost Net occupancy expense $ 21 19 40 39 Short-term lease cost Net occupancy expense — — 1 1 Variable lease cost Net occupancy expense 7 8 14 16 Sublease income Net occupancy expense (1) — (1) (1) Total operating lease costs $ 27 27 54 55 Total lease costs $ 33 32 65 66 The Bancorp performs impairment assessments for ROU assets when events or changes in circumstances indicate that their carrying values may not be recoverable. In addition to the lease costs disclosed in the table above, the Bancorp recognized $1 million and $2 million of impairment losses and termination charges for the ROU assets related to certain operating leases during the three months ended June 30, 2022 and 2021, respectively, and $2 million during both the six months ended June 30, 2022 and 2021. The recognized losses were recorded in net occupancy expense in the Condensed Consolidated Statements of Income. The following table presents undiscounted cash flows for both operating leases and finance leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of June 30, 2022 ($ in millions) Operating Finance Total Remainder of 2022 $ 46 10 56 2023 86 19 105 2024 78 19 97 2025 70 13 83 2026 61 8 69 2027 54 8 62 Thereafter 259 119 378 Total undiscounted cash flows $ 654 196 850 Less: Difference between undiscounted cash flows and discounted cash flows 93 42 135 Present value of lease liabilities $ 561 154 715 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: June 30, December 31, Weighted-average remaining lease term (years): Operating leases 9.83 8.92 Finance leases 15.30 14.70 Weighted-average discount rate: Operating leases 2.93 % 2.88 Finance leases 2.81 2.74 The following table presents information related to lease transactions for the six months ended June 30: ($ in millions) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 44 44 Operating cash flows from finance leases 2 2 Financing cash flows from finance leases 10 9 Gains on sale-leaseback transactions 4 2 (a) The cash flows related to the short-term and variable lease payments are not included in the amounts in the table as they were not included in the measurement of lease liabilities.
Lease Obligations - Lessee	Lease Obligations – Lessee The Bancorp leases certain banking centers, ATM sites, land for owned buildings and equipment. The Bancorp’s lease agreements typically do not contain any residual value guarantees or any material restrictive covenants. For more information on the accounting for lease obligations, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021. The following table provides a summary of lease assets and lease liabilities as of: ($ in millions) Condensed Consolidated Balance Sheets Caption June 30, December 31, Assets Operating lease right-of-use assets Other assets $ 469 427 Finance lease right-of-use assets Bank premises and equipment 151 145 Total right-of-use assets (a) $ 620 572 Liabilities Operating lease liabilities Accrued taxes, interest and expenses $ 561 520 Finance lease liabilities Long-term debt 154 149 Total lease liabilities $ 715 669 (a) Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $227 and $56, respectively, as of June 30, 2022, and $198 and $47, respectively, as of December 31, 2021. The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the six months ended 2022 2021 2022 2021 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 5 4 9 9 Interest on lease liabilities Interest on long-term debt 1 1 2 2 Total finance lease costs $ 6 5 11 11 Operating lease cost Net occupancy expense $ 21 19 40 39 Short-term lease cost Net occupancy expense — — 1 1 Variable lease cost Net occupancy expense 7 8 14 16 Sublease income Net occupancy expense (1) — (1) (1) Total operating lease costs $ 27 27 54 55 Total lease costs $ 33 32 65 66 The Bancorp performs impairment assessments for ROU assets when events or changes in circumstances indicate that their carrying values may not be recoverable. In addition to the lease costs disclosed in the table above, the Bancorp recognized $1 million and $2 million of impairment losses and termination charges for the ROU assets related to certain operating leases during the three months ended June 30, 2022 and 2021, respectively, and $2 million during both the six months ended June 30, 2022 and 2021. The recognized losses were recorded in net occupancy expense in the Condensed Consolidated Statements of Income. The following table presents undiscounted cash flows for both operating leases and finance leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of June 30, 2022 ($ in millions) Operating Finance Total Remainder of 2022 $ 46 10 56 2023 86 19 105 2024 78 19 97 2025 70 13 83 2026 61 8 69 2027 54 8 62 Thereafter 259 119 378 Total undiscounted cash flows $ 654 196 850 Less: Difference between undiscounted cash flows and discounted cash flows 93 42 135 Present value of lease liabilities $ 561 154 715 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: June 30, December 31, Weighted-average remaining lease term (years): Operating leases 9.83 8.92 Finance leases 15.30 14.70 Weighted-average discount rate: Operating leases 2.93 % 2.88 Finance leases 2.81 2.74 The following table presents information related to lease transactions for the six months ended June 30: ($ in millions) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 44 44 Operating cash flows from finance leases 2 2 Financing cash flows from finance leases 10 9 Gains on sale-leaseback transactions 4 2 (a) The cash flows related to the short-term and variable lease payments are not included in the amounts in the table as they were not included in the measurement of lease liabilities.

Goodwill

Goodwill	6 Months Ended
Goodwill	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Business combinations entered into by the Bancorp typically result in the recognition of goodwill. Acquisition activity includes acquisitions in the respective period in addition to purchase accounting adjustments related to previous acquisitions. Changes in the net carrying amount of goodwill, by reporting unit, for the six months ended June 30, 2022 and the year ended December 31, 2021 were as follows: ($ in millions) Commercial Branch Consumer Wealth General Total Goodwill $ 2,730 2,047 215 231 — 5,223 Accumulated impairment losses (750) — (215) — — (965) Net carrying value as of December 31, 2020 $ 1,980 2,047 — 231 — 4,258 Acquisition activity — 256 — — — 256 Net carrying value as of December 31, 2021 $ 1,980 2,303 — 231 — 4,514 Acquisition activity — (1) — — 452 (a) 451 Sale of businesses (34) — — (5) — (39) Net carrying value as of June 30, 2022 $ 1,946 2,302 — 226 452 4,926 (a) Due to the timing of a business acquisition, the Bancorp is in the process of completing its analysis of the allocation of the goodwill across its business segments, therefore goodwill is presented as part of General Corporate and Other as of June 30, 2022.

Intangible Assets

Intangible Assets	6 Months Ended
Intangible Assets	Jun. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Intangible Assets Intangible assets consist of core deposit intangibles, developed technology, customer relationships, operating leases, non-compete agreements, trade names and books of business. Intangible assets are amortized on either a straight-line or an accelerated basis over their estimated useful lives and, based on the type of intangible asset, the amortization expense may be recorded in either leasing business revenue or other noninterest expense in the Condensed Consolidated Statements of Income. The increase in the gross carrying amount of intangible assets from the year ended December 31, 2021 reflects acquisition activity during the second quarter of 2022, which included the recognition of $44 million in developed technology, $12 million in customer relationships, $7 million in trade name and $3 million of backlog. These assets will be amortized over their remaining useful life, which was estimated to be 5, 12, 5 and 5 years, respectively, at the time of acquisition. The details of the Bancorp’s intangible assets are shown in the following table: ($ in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount As of June 30, 2022 Core deposit intangibles $ 229 (168) 61 Developed technology 106 (8) 98 Customer relationships 30 (6) 24 Operating leases 9 (8) 1 Other 14 (4) 10 Total intangible assets $ 388 (194) 194 As of December 31, 2021 Core deposit intangibles $ 229 (153) 76 Developed technology 62 (3) 59 Customer relationships 25 (7) 18 Operating leases 11 (9) 2 Other 4 (3) 1 Total intangible assets $ 331 (175) 156 As of June 30, 2022, all of the Bancorp’s intangible assets were being amortized. Amortization expense recognized on intangible assets was $11 million and $10 million for the three months ended June 30, 2022 and 2021, respectively, and $23 million and $22 million for the six months ended June 30, 2022 and 2021, respectively. The Bancorp’s projections of amortization expense shown in the following table are based on existing asset balances as of June 30, 2022. Future amortization expense may vary from these projections. Estimated amortization expense for the remainder of 2022 through 2026 is as follows: ($ in millions) Total Remainder of 2022 $ 25 2023 43 2024 35 2025 28 2026 22

Variable Interest Entities

Variable Interest Entities	6 Months Ended
Variable Interest Entities	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities The Bancorp, in the normal course of business, engages in a variety of activities that involve VIEs, which are legal entities that lack sufficient equity at risk to finance their activities without additional subordinated financial support or the equity investors of the entities as a group lack any of the characteristics of a controlling interest. The Bancorp evaluates its interest in certain entities to determine if these entities meet the definition of a VIE and whether the Bancorp is the primary beneficiary and should consolidate the entity based on the variable interests it held both at inception and when there is a change in circumstances that requires a reconsideration. If the Bancorp is determined to be the primary beneficiary of a VIE, it must account for the VIE as a consolidated subsidiary. If the Bancorp is determined not to be the primary beneficiary of a VIE but holds a variable interest in the entity, such variable interests are accounted for under the equity method of accounting or other accounting standards as appropriate. Consolidated VIEs The Bancorp has consolidated VIEs related to an automobile loan securitization and a solar loan securitization where it has determined that it is the primary beneficiary. The following table provides a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets for the consolidated VIE as of: ($ in millions) June 30, December 31, Assets: Other short-term investments $ 21 24 Indirect secured consumer loans 219 322 Other consumer loans 48 — ALLL (3) (2) Other assets 2 2 Total assets $ 287 346 Liabilities: Other liabilities $ 10 1 Long-term debt 200 263 Total liabilities $ 210 264 As a result of a business acquisition in the second quarter of 2022, the Bancorp acquired interests in a previously completed securitization transaction in which solar loans were transferred to a bankruptcy remote trust which was deemed to be a VIE. Additionally, the Bancorp previously completed a securitization transaction in which the Bancorp transferred certain consumer automobile loans to a bankruptcy remote trust which was deemed to be a VIE. In each of these securitization transactions, the primary purposes of the VIEs were to issue asset-backed securities with varying levels of credit subordination and payment priority, as well as residual interests, and to provide access to liquidity for originated loans. The Bancorp retained residual interests in the VIEs and, therefore, has an obligation to absorb losses and a right to receive benefits from the VIEs that could potentially be significant to the VIEs. In addition, the Bancorp retained servicing rights for the underlying loans and, therefore, holds the power to direct the activities of the VIEs that most significantly impact the economic performance of the VIEs. As a result, the Bancorp concluded that it is the primary beneficiary of the VIEs and has consolidated these VIEs. The assets of the VIEs are restricted to the settlement of the asset-backed securities and other obligations of the VIEs. The third-party holders of the asset-backed notes do not have recourse to the general assets of the Bancorp. The economic performance of the VIEs is most significantly impacted by the performance of the underlying loans. The principal risks to which the VIEs are exposed include credit risk and prepayment risk. The credit and prepayment risks are managed through credit enhancements in the form of reserve accounts, overcollateralization, excess interest on the loans and the subordination of certain classes of asset-backed securities to other classes. Non-consolidated VIEs The following tables provide a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets related to non-consolidated VIEs for which the Bancorp holds an interest, but is not the primary beneficiary of the VIE, as well as the Bancorp’s maximum exposure to losses associated with its interests in the entities as of: June 30, 2022 ($ in millions) Total Total Maximum CDC investments $ 1,730 582 1,730 Private equity investments 165 — 301 Loans provided to VIEs 3,807 — 5,548 Lease pool entities 66 — 66 Solar loan securitizations 11 — 11 December 31, 2021 ($ in millions) Total Total Maximum CDC investments $ 1,705 580 1,705 Private equity investments 133 — 257 Loans provided to VIEs 3,386 — 4,873 Lease pool entities 68 — 68 CDC investments CDC, a wholly-owned indirect subsidiary of the Bancorp, was created to invest in projects to create affordable housing and revitalize business and residential areas. CDC generally co-invests with other unrelated companies and/or individuals and typically makes investments in a separate legal entity that owns the property under development. The entities are usually formed as limited partnerships and LLCs and CDC typically invests as a limited partner/investor member in the form of equity contributions. The economic performance of the VIEs is driven by the performance of their underlying investment projects as well as the VIEs’ ability to operate in compliance with the rules and regulations necessary for the qualification of tax credits generated by equity investments. The Bancorp has determined that it is not the primary beneficiary of these VIEs because it lacks the power to direct the activities that most significantly impact the economic performance of the underlying project or the VIEs’ ability to operate in compliance with the rules and regulations necessary for the qualification of tax credits generated by equity investments. This power is held by the managing members who exercise full and exclusive control of the operations of the VIEs. For information regarding the Bancorp’s accounting for these investments, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021. The Bancorp’s funding requirements are limited to its invested capital and any additional unfunded commitments for future equity contributions. The Bancorp’s maximum exposure to loss as a result of its involvement with the VIEs is limited to the carrying amounts of the investments, including the unfunded commitments. The carrying amounts of these investments, which are included in other assets in the Condensed Consolidated Balance Sheets, and the liabilities related to the unfunded commitments, which are included in other liabilities in the Condensed Consolidated Balance Sheets, are included in the previous tables for all periods presented. The Bancorp has no other liquidity arrangements or obligations to purchase assets of the VIEs that would expose the Bancorp to a loss. In certain arrangements, the general partner/managing member of the VIE has guaranteed a level of projected tax credits to be received by the limited partners/investor members, thereby minimizing a portion of the Bancorp’s risk. The Bancorp’s CDC investments included $1.5 billion and $1.4 billion of investments in affordable housing tax credits recognized in other assets in the Condensed Consolidated Balance Sheets at June 30, 2022 and December 31, 2021, respectively. The unfunded commitments related to these investments were $574 million and $573 million at June 30, 2022 and December 31, 2021, respectively. The unfunded commitments as of June 30, 2022 are expected to be funded from 2022 to 2039. The Bancorp has accounted for all of its qualifying LIHTC investments using the proportional amortization method of accounting. The following table summarizes the impact to the Condensed Consolidated Statements of Income related to these investments: Condensed Consolidated Statements of Income Caption (a) For the three months ended June 30, For the six months ended June 30, ($ in millions) 2022 2021 2022 2021 Proportional amortization Applicable income tax expense $ 42 43 77 87 Tax credits and other benefits Applicable income tax expense (50) (50) (91) (101) (a) The Bancorp did not recognize impairment losses resulting from the forfeiture or ineligibility of tax credits or other circumstances during both the three and six months ended June 30, 2022 and 2021. Private equity investments The Bancorp invests as a limited partner in private equity investments which provide the Bancorp an opportunity to obtain higher rates of return on invested capital, while also providing strategic opportunities in certain cases. Each of the limited partnerships has an unrelated third-party general partner responsible for appointing the fund manager. The Bancorp has not been appointed fund manager for any of these private equity investments. The funds finance primarily all of their activities from the partners’ capital contributions and investment returns. The Bancorp has determined that it is not the primary beneficiary of the funds because it does not have the obligation to absorb the funds’ expected losses or the right to receive the funds’ expected residual returns that could potentially be significant to the funds and lacks the power to direct the activities that most significantly impact the economic performance of the funds. The Bancorp, as a limited partner, does not have substantive participating or substantive kick-out rights over the general partner. Therefore, the Bancorp accounts for its investments in these limited partnerships under the equity method of accounting. The Bancorp is exposed to losses arising from the negative performance of the underlying investments in the private equity investments. As a limited partner, the Bancorp’s maximum exposure to loss is limited to the carrying amounts of the investments plus unfunded commitments. The carrying amounts of these investments, which are included in other assets in the Condensed Consolidated Balance Sheets, are presented in previous tables. Also, at June 30, 2022 and December 31, 2021, the Bancorp’s unfunded commitment amounts to the private equity funds were $136 million and $124 million, respectively. As part of previous commitments, the Bancorp made capital contributions to private equity investments of $12 million and $6 million during the three months ended June 30, 2022 and 2021, respectively, and $21 million and $7 million during the six months ended June 30, 2022 and 2021, respectively. Loans provided to VIEs The Bancorp has provided funding to certain unconsolidated VIEs sponsored by third parties. These VIEs are generally established to finance certain consumer and small business loans originated by third parties. The entities are primarily funded through the issuance of a loan from the Bancorp or a syndication through which the Bancorp is involved. The sponsor/administrator of the entities is responsible for servicing the underlying assets in the VIEs. Because the sponsor/administrator, not the Bancorp, holds the servicing responsibilities, which include the establishment and employment of default mitigation policies and procedures, the Bancorp does not hold the power to direct the activities that most significantly impact the economic performance of the entity and, therefore, is not the primary beneficiary. The principal risk to which these entities are exposed is credit risk related to the underlying assets. The Bancorp’s maximum exposure to loss is equal to the carrying amounts of the loans and unfunded commitments to the VIEs. The Bancorp’s outstanding loans to these VIEs are included in commercial loans in Note 5. As of June 30, 2022 and December 31, 2021, the Bancorp’s unfunded commitments to these entities were $1.7 billion and $1.5 billion, respectively . The loans and unfunded commitments to these VIEs are included in the Bancorp’s overall analysis of the ALLL and reserve for unfunded commitments, respectively. The Bancorp does not provide any implicit or explicit liquidity guarantees or principal value guarantees to these VIEs. Lease pool entities The Bancorp is a co-investor with other unrelated leasing companies in three LLCs designed for the purpose of purchasing pools of residual interests in leases which have been originated or purchased by the other investing member. For each LLC, the leasing company is the managing member and has full authority over the day-to-day operations of the entity. While the Bancorp holds more than 50% of the equity interests in each LLC, the operating agreements require both members to consent to significant corporate actions, such as liquidating the entity or removing the manager. In addition, the Bancorp has a preference with regards to distributions such that all of the Bancorp’s equity contribution for each pool must be distributed, plus a pre-defined rate of return, before the other member may receive distributions. The leasing company is also entitled to the return of its investment plus a pre-defined rate of return before any residual profits are distributed to the members. The lease pool entities are primarily subject to risk of losses on the lease residuals purchased. The Bancorp has determined that it is not the primary beneficiary of these VIEs because it does not have the power to direct the activities that most significantly impact the economic performance of the entities. This power is held by the leasing company, who as managing member controls the servicing of the leases and collection of the proceeds on the residual interests. Solar loan securitizations

Sales of Receivables and Servic

Sales of Receivables and Servicing Rights	6 Months Ended
Sales of Receivables and Servicing Rights	Jun. 30, 2022
Transfers and Servicing [Abstract]
Sales of Receivables and Servicing Rights	Sales of Receivables and Servicing Rights Residential Mortgage Loan Sales The Bancorp sold fixed and adjustable-rate residential mortgage loans during the three and six months ended June 30, 2022 and 2021. In those sales, the Bancorp obtained servicing responsibilities and provided certain standard representations and warranties; however, the investors have no recourse to the Bancorp’s other assets for failure of debtors to pay when due. The Bancorp receives servicing fees based on a percentage of the outstanding balance. The Bancorp identifies classes of servicing assets based on financial asset type and interest rates. Information related to residential mortgage loan sales and the Bancorp’s mortgage banking activity, which is included in mortgage banking net revenue in the Condensed Consolidated Statements of Income, is as follows: For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Residential mortgage loan sales (a) $ 3,103 4,416 6,502 7,626 Origination fees and gains on loan sales 23 81 49 170 Gross mortgage servicing fees 81 59 149 117 (a) Represents the unpaid principal balance at the time of the sale. Servicing Rights The Bancorp measures all of its mortgage servicing rights at fair value with changes in fair value reported in mortgage banking net revenue in the Condensed Consolidated Statements of Income. The following table presents changes in the servicing rights related to residential mortgage loans for the six months ended June 30: ($ in millions) 2022 2021 Balance, beginning of period $ 1,121 656 Servicing rights originated 101 103 Servicing rights purchased 191 109 Changes in fair value: Due to changes in inputs or assumptions (a) 275 103 Other changes in fair value (b) (106) (153) Balance, end of period $ 1,582 818 (a) Primarily reflects changes in prepayment speed and OAS assumptions which are updated based on market interest rates. (b) Primarily reflects changes due to realized cash flows and the passage of time. The Bancorp maintains a non-qualifying hedging strategy to manage a portion of the risk associated with changes in the value of the MSR portfolio. This strategy may include the purchase of free-standing derivatives and various available-for-sale debt and trading debt securities. The interest income, mark-to-market adjustments and gain or loss from sale activities associated with these portfolios are expected to economically hedge a portion of the change in value of the MSR portfolio caused by fluctuating OAS, earnings rates and prepayment speeds. The fair value of the servicing asset is based on the present value of expected future cash flows. The following table presents activity related to valuations of the MSR portfolio and the impact of the non-qualifying hedging strategy: For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Securities (losses) gains, net – non-qualifying hedges on mortgage servicing rights $ — 1 (1) (1) Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio (a) (103) 46 (284) (88) MSR fair value adjustment due to changes in inputs or assumptions (a) 84 (49) 275 103 (a) Included in mortgage banking net revenue in the Condensed Consolidated Statements of Income. The key economic assumptions used in measuring the servicing rights related to residential mortgage loans that continued to be held by the Bancorp at the date of sale, securitization or purchase resulting from transactions completed during the three months ended June 30, 2022 and 2021 were as follows: June 30, 2022 June 30, 2021 Weighted- Prepayment OAS Weighted- Prepayment OAS Fixed-rate 7.6 8.4 % 795 5.9 12.3 % 610 Adjustable-rate 2.9 27.3 789 — — — At June 30, 2022 and December 31, 2021, the Bancorp serviced $100.5 billion and $89.2 billion, respectively, of residential mortgage loans for other investors. The value of MSRs that continue to be held by the Bancorp is subject to credit, prepayment and interest rate risks on the sold financial assets. At June 30, 2022, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows: ($ in millions) (a) Prepayment OAS Fair Value Weighted- Impact of Adverse Change OAS Impact of Adverse Change on Fair Value Rate 10% 20% 50% 10% 20% Fixed-rate $ 1,576 9.0 5.3 % $ (36) (68) (152) 796 $ (51) (98) Adjustable-rate 6 4.9 20.3 (1) (1) (2) 1,204 — — (a) The impact of the weighted-average default rate on the current fair value of residual cash flows for all scenarios is immaterial. These sensitivities are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on these variations in the assumptions typically cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. The Bancorp believes that variations of these levels are reasonably possible; however, there is the potential that adverse changes in key assumptions could be even greater. Also, in the previous table, the effect of a variation in a particular assumption on the fair value of the interests that continue to be held by the Bancorp is calculated without changing any other assumption; in reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which might magnify or counteract these sensitivities.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
Derivative Financial Instruments	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Bancorp maintains an overall risk management strategy that incorporates the use of derivative instruments to reduce certain risks related to interest rate, prepayment and foreign currency volatility. Additionally, the Bancorp holds derivative instruments for the benefit of its commercial customers and for other business purposes. The Bancorp does not enter into unhedged speculative derivative positions. The Bancorp’s interest rate risk management strategy involves modifying the repricing characteristics of certain financial instruments so that changes in interest rates do not adversely affect the Bancorp’s net interest margin and cash flows. Derivative instruments that the Bancorp may use as part of its interest rate risk management strategy include interest rate swaps, interest rate floors, interest rate caps, forward contracts, forward starting interest rate swaps, options, swaptions and TBA securities. Interest rate swap contracts are exchanges of interest payments, such as fixed-rate payments for floating-rate payments, based on a stated notional amount and maturity date. Interest rate floors protect against declining rates, while interest rate caps protect against rising interest rates. Forward contracts are contracts in which the buyer agrees to purchase, and the seller agrees to make delivery of, a specific financial instrument at a predetermined price or yield. Options provide the purchaser with the right, but not the obligation, to purchase or sell a contracted item during a specified period at an agreed-upon price. Swaptions are financial instruments granting the owner the right, but not the obligation, to enter into or cancel a swap. Prepayment volatility arises mostly from changes in fair value of the largely fixed-rate MSR portfolio, mortgage loans and mortgage-backed securities. The Bancorp may enter into various free-standing derivatives (principal-only swaps, interest rate swaptions, interest rate floors, mortgage options, TBA securities and interest rate swaps) to economically hedge prepayment volatility. Principal-only swaps are total return swaps based on changes in the value of the underlying mortgage principal-only trust. TBA securities are a forward purchase agreement for a mortgage-backed securities trade whereby the terms of the security are undefined at the time the trade is made. Foreign currency volatility occurs as the Bancorp enters into certain loans denominated in foreign currencies. Derivative instruments that the Bancorp may use to economically hedge these foreign denominated loans include foreign exchange swaps and forward contracts. The Bancorp also enters into derivative contracts (including foreign exchange contracts, commodity contracts and interest rate contracts) for the benefit of commercial customers and other business purposes. The Bancorp economically hedges significant exposures related to these free-standing derivatives by entering into offsetting third-party contracts with approved, reputable and independent counterparties with substantially matching terms and currencies. Credit risk arises from the possible inability of counterparties to meet the terms of their contracts. The Bancorp’s exposure is limited to the replacement value of the contracts rather than the notional, principal or contract amounts. Credit risk is minimized through credit approvals, limits, counterparty collateral and monitoring procedures. The fair value of derivative instruments is presented on a gross basis, even when the derivative instruments are subject to master netting arrangements. Derivative instruments with a positive fair value are reported in other assets in the Condensed Consolidated Balance Sheets while derivative instruments with a negative fair value are reported in other liabilities in the Condensed Consolidated Balance Sheets. Cash collateral payables and receivables associated with the derivative instruments are not added to or netted against the fair value amounts with the exception of certain variation margin payments that are considered legal settlements of the derivative contracts. For derivative contracts cleared through certain central clearing parties who have modified their rules to treat variation margin payments as settlements, the variation margin payments are applied to net the fair value of the respective derivative contracts. The Bancorp’s derivative assets include certain contractual features in which the Bancorp requires the counterparties to provide collateral in the form of cash and securities to offset changes in the fair value of the derivatives, including changes in the fair value due to credit risk of the counterparty. As of June 30, 2022 and December 31, 2021, the balance of collateral held by the Bancorp for derivative assets was $1.3 billion and $1.1 billion, respectively. For derivative contracts cleared through certain central clearing parties whose rules treat variation margin payments as settlements of the derivative contract, the payments for variation margin of $956 million and $771 million as of June 30, 2022 and December 31, 2021, respectively, were applied to reduce the respective derivative contracts and were also not included in the total amount of collateral held. As of June 30, 2022 and December 31, 2021, the credit component negatively impacting the fair value of derivative assets associated with customer accommodation contracts was $11 million and $20 million, respectively. In measuring the fair value of derivative liabilities, the Bancorp considers its own credit risk, taking into consideration collateral maintenance requirements of certain derivative counterparties and the duration of instruments with counterparties that do not require collateral maintenance. When necessary, the Bancorp posts collateral primarily in the form of cash and securities to offset changes in fair value of the derivatives, including changes in fair value due to the Bancorp’s credit risk. As of June 30, 2022 and December 31, 2021, the balance of collateral posted by the Bancorp for derivative liabilities was $2.2 billion and $1.3 billion, respectively. Additionally, as of June 30, 2022 and December 31, 2021, $518 million and $570 million, respectively, of variation margin payments were applied to the respective derivative contracts to reduce the Bancorp’s derivative liabilities and were also not included in the total amount of collateral posted. Certain of the Bancorp’s derivative liabilities contain credit-risk related contingent features that could result in the requirement to post additional collateral upon the occurrence of specified events. As of both June 30, 2022 and December 31, 2021, the fair value of the additional collateral that could be required to be posted as a result of the credit-risk-related contingent features being triggered was immaterial to the Bancorp’s Condensed Consolidated Financial Statements. The posting of collateral has been determined to remove the need for further consideration of credit risk. As a result, the Bancorp determined that the impact of the Bancorp’s credit risk to the valuation of its derivative liabilities was immaterial to the Bancorp’s Condensed Consolidated Financial Statements. The Bancorp holds certain derivative instruments that qualify for hedge accounting treatment and are designated as either fair value hedges or cash flow hedges. Derivative instruments that do not qualify for hedge accounting treatment, or for which hedge accounting is not established, are held as free-standing derivatives. All customer accommodation derivatives are held as free-standing derivatives. The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of: Fair Value June 30, 2022 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 2,955 175 47 Total fair value hedges 175 47 Cash flow hedges: Interest rate floors related to C&I loans 3,000 22 — Interest rate swaps related to C&I loans 18,000 4 13 Interest rate swaps related to commercial mortgage and commercial construction loans 4,000 — 26 Total cash flow hedges 26 39 Total derivatives designated as qualifying hedging instruments 201 86 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives - risk management and other business purposes: Interest rate contracts related to MSR portfolio 3,875 77 18 Forward contracts related to residential mortgage loans held for sale (b) 2,381 11 9 Swap associated with the sale of Visa, Inc. Class B Shares 3,196 — 199 Foreign exchange contracts 176 3 — Interest-only strips 50 4 — Interest rate contracts for collateral management 12,000 2 1 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 97 227 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 77,211 510 992 Interest rate lock commitments 916 12 1 Commodity contracts 15,160 2,783 2,591 TBA securities 75 — — Foreign exchange contracts 25,127 532 482 Total free-standing derivatives – customer accommodation 3,837 4,066 Total derivatives not designated as qualifying hedging instruments 3,934 4,293 Total $ 4,135 4,379 (a) Derivative assets and liabilities are presented net of variation margin of $494 and $25, respectively. (b) Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments. Fair Value December 31, 2021 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 1,955 393 2 Interest rate swaps related to available-for-sale debt and other securities 445 7 — Total fair value hedges 400 2 Cash flow hedges: Interest rate floors related to C&I loans 3,000 122 — Interest rate swaps related to C&I loans 8,000 — 1 Interest rate swaps related to commercial mortgage and commercial construction loans 4,000 — — Total cash flow hedges 122 1 Total derivatives designated as qualifying hedging instruments 522 3 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives – risk management and other business purposes: Interest rate contracts related to MSR portfolio 6,260 140 — Forward contracts related to residential mortgage loans held for sale (b) 1,952 2 2 Swap associated with the sale of Visa, Inc. Class B Shares 3,545 — 214 Foreign exchange contracts 158 — 1 Interest rate contracts for collateral management 12,000 5 4 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 147 221 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 76,061 578 232 Interest rate lock commitments 673 12 — Commodity contracts 12,376 1,326 1,260 TBA securities 55 — — Foreign exchange contracts 23,148 323 297 Total free-standing derivatives – customer accommodation 2,239 1,789 Total derivatives not designated as qualifying hedging instruments 2,386 2,010 Total $ 2,908 2,013 (a) Derivative assets and liabilities are presented net of variation margin of $104 and $472, respectively. (b) Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments. Fair Value Hedges The Bancorp may enter into interest rate swaps to convert its fixed-rate funding to floating-rate or to hedge the exposure to changes in fair value of a recognized asset attributable to changes in the benchmark interest rate. Decisions to enter into these interest rate swaps are made primarily through consideration of the asset/liability mix of the Bancorp, the desired asset/liability sensitivity and interest rate levels. As of June 30, 2022, certain interest rate swaps met the criteria required to qualify for the shortcut method of accounting that permits the assumption of perfect offset. For all designated fair value hedges of interest rate risk as of June 30, 2022 that were not accounted for under the shortcut method of accounting, the Bancorp performed an assessment of hedge effectiveness using regression analysis with changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk recorded in the same income statement line in current period net income. The following table reflects the changes in fair value of interest rate contracts, designated as fair value hedges and the changes in fair value of the related hedged items attributable to the risk being hedged, as well as the line items in the Condensed Consolidated Statements of Income in which the corresponding gains or losses are recorded: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Long-term debt: Change in fair value of interest rate swaps hedging long-term debt Interest on long-term debt $ (111) 46 (263) (99) Change in fair value of hedged long-term debt attributable to the risk being hedged Interest on long-term debt 111 (46) 263 99 Available-for-sale debt and other securities: Change in fair value of interest rate swaps hedging available-for-sale debt and other securities Interest on securities — — 8 — Change in fair value of hedged available-for-sale debt and other securities attributable to the risk being hedged Interest on securities — — (8) — The following amounts were recorded in the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of: ($ in millions) Condensed Consolidated June 30, December 31, Long-term debt: Carrying amount of the hedged items Long-term debt $ 3,072 2,339 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Long-term debt 133 396 Available-for-sale debt and other securities: Carrying amount of the hedged items (a) Available-for-sale debt and other securities — 465 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Available-for-sale debt and other securities — (8) Cumulative amount of fair value hedging adjustments remaining for hedged items for which hedge accounting has been discontinued Available-for-sale debt and other securities (15) — (a) The carrying amount represents the amortized cost basis of the hedged items (which excludes unrealized gains and losses) plus the fair value hedging adjustments. Cash Flow Hedges The Bancorp may enter into interest rate swaps to convert floating-rate assets and liabilities to fixed rates or to hedge certain forecasted transactions for the variability in cash flows attributable to the contractually specified interest rate. The assets or liabilities may be grouped in circumstances where they share the same risk exposure that the Bancorp desires to hedge. The Bancorp may also enter into interest rate caps and floors to limit cash flow variability of floating-rate assets and liabilities. As of June 30, 2022, all hedges designated as cash flow hedges were assessed for effectiveness using regression analysis. The entire change in the fair value of the interest rate swap included in the assessment of hedge effectiveness is recorded in AOCI and reclassified from AOCI to current period earnings when the hedged item affects earnings. As of June 30, 2022, the maximum length of time over which the Bancorp is hedging its exposure to the variability in future cash flows is 114 months. Reclassified gains and losses on interest rate contracts related to commercial and industrial loans are recorded within interest income in the Condensed Consolidated Statements of Income. As of June 30, 2022 and December 31, 2021, respectively, $63 million of net deferred losses, net of tax, and $353 million of net deferred gains, net of tax, on cash flow hedges were recorded in AOCI in the Condensed Consolidated Balance Sheets. As of June 30, 2022, $77 million in net unrealized losses, net of tax, recorded in AOCI are expected to be reclassified into earnings during the next 12 months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations or the addition of other hedges subsequent to June 30, 2022. During both the three and six months ended June 30, 2022 and 2021, there were no gains or losses reclassified from AOCI into earnings associated with the discontinuance of cash flow hedges because it was probable that the original forecasted transaction would no longer occur by the end of the originally specified time period or within the additional period of time as defined by U.S. GAAP. The following table presents the pre-tax net (losses) gains recorded in the Condensed Consolidated Statements of Income and in the Condensed Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges: For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Amount of pre-tax net (losses) gains recognized in OCI $ 2 11 (405) (70) Amount of pre-tax net gains reclassified from OCI into net income 58 73 136 146 Free-Standing Derivative Instruments – Risk Management and Other Business Purposes As part of its overall risk management strategy relative to its mortgage banking activity, the Bancorp may enter into various free-standing derivatives (principal-only swaps, interest rate swaptions, interest rate floors, mortgage options, TBA securities and interest rate swaps) to economically hedge changes in fair value of its largely fixed-rate MSR portfolio. Principal-only swaps hedge the spread between mortgage rates and LIBOR because these swaps appreciate in value as a result of tightening spreads. Principal-only swaps also provide prepayment protection by increasing in value when prepayment speeds increase, as opposed to MSRs that lose value in a faster prepayment environment. Receive fixed/pay floating interest rate swaps and swaptions increase in value when interest rates do not increase as quickly as expected. The Bancorp enters into forward contracts and mortgage options to economically hedge the change in fair value of certain residential mortgage loans held for sale due to changes in interest rates. These contracts generally settle within one year or less. IRLCs issued on residential mortgage loan commitments that will be held for sale are also considered free-standing derivative instruments and the interest rate exposure on these commitments is economically hedged primarily with forward contracts. Revaluation gains and losses from free-standing derivatives related to mortgage banking activity are recorded as a component of mortgage banking net revenue in the Condensed Consolidated Statements of Income. In conjunction with the sale of Visa, Inc. Class B Shares in 2009, the Bancorp entered into a total return swap in which the Bancorp will make or receive payments based on subsequent changes in the conversion rate of the Class B Shares into Class A Shares. This total return swap is accounted for as a free-standing derivative. Refer to Note 22 for further discussion of significant inputs and assumptions used in the valuation of this instrument. The Bancorp entered into certain interest rate swap contracts for the purpose of managing its collateral positions across two central clearing parties. These interest rate swaps were perfectly offsetting positions that allowed the Bancorp to lower the cash posted as required initial margin at the clearing parties, which reduced its credit exposure to the clearing parties. Given that all relevant terms for these interest rate swaps are offsetting, these trades create no additional market risk for the Bancorp. As part of the LIBOR to SOFR transition, the Bancorp received certain interest rate swap contracts from the two central clearing parties that are moving from an Effective Federal Funds Rate discounting curve to a SOFR discounting curve. The purpose of these interest rate swaps was to neutralize the impact on collateral requirements due to the change in discounting curves implemented by the central clearing parties. The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Interest rate contracts: Forward contracts related to residential mortgage loans held for sale Mortgage banking net revenue $ (31) (58) 2 9 Interest rate contracts related to MSR portfolio Mortgage banking net revenue (103) 46 (284) (88) Foreign exchange contracts: Foreign exchange contracts for risk management purposes Other noninterest income 5 (3) 3 (5) Equity contracts: Swap associated with sale of Visa, Inc. Class B Shares Other noninterest income (18) (37) (29) (50) Free-Standing Derivative Instruments – Customer Accommodation The majority of the free-standing derivative instruments the Bancorp enters into are for the benefit of its commercial customers. These derivative contracts are not designated against specific assets or liabilities on the Condensed Consolidated Balance Sheets or to forecasted transactions and, therefore, do not qualify for hedge accounting. These instruments include foreign exchange derivative contracts entered into for the benefit of commercial customers involved in international trade to hedge their exposure to foreign currency fluctuations and commodity contracts to hedge such items as natural gas and various other derivative contracts. The Bancorp may economically hedge significant exposures related to these derivative contracts entered into for the benefit of customers by entering into offsetting contracts with approved, reputable, independent counterparties with substantially matching terms. The Bancorp hedges its interest rate exposure on commercial customer transactions by executing offsetting swap agreements with primary dealers. Revaluation gains and losses on interest rate, foreign exchange, commodity and other commercial customer derivative contracts are recorded as a component of commercial banking revenue or other noninterest income in the Condensed Consolidated Statements of Income. The Bancorp enters into risk participation agreements, under which the Bancorp assumes credit exposure relating to certain underlying interest rate derivative contracts. The Bancorp only enters into these risk participation agreements in instances in which the Bancorp has participated in the loan that the underlying interest rate derivative contract was designed to hedge. The Bancorp will make payments under these agreements if a customer defaults on its obligation to perform under the terms of the underlying interest rate derivative contract. The total notional amount of the risk participation agreements was $3.7 billion and $3.8 billion at June 30, 2022 and December 31, 2021, respectively, and the fair value was a liability of $8 million at both June 30, 2022 and December 31, 2021 which is included in other liabilities in the Condensed Consolidated Balance Sheets. As of June 30, 2022, the risk participation agreements had a weighted-average remaining life of 3.3 years. The Bancorp’s maximum exposure in the risk participation agreements is contingent on the fair value of the underlying interest rate derivative contracts in an asset position at the time of default. The Bancorp monitors the credit risk associated with the underlying customers in the risk participation agreements through the same risk grading system currently utilized for establishing loss reserves in its loan and lease portfolio. Risk ratings of the notional amount of risk participation agreements under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 3,687 3,733 Special mention — 13 Substandard 34 34 Total $ 3,721 3,780 The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Interest rate contracts: Interest rate contracts for customers (contract revenue) Commercial banking revenue $ 10 12 26 19 Interest rate contracts for customers (credit portion of fair value adjustment) Other noninterest expense 3 1 9 16 Interest rate lock commitments Mortgage banking net revenue 11 57 11 89 Commodity contracts: Commodity contracts for customers (contract revenue) Commercial banking revenue 9 6 18 11 Commodity contracts for customers (credit portion of fair value adjustment) Other noninterest expense (1) (1) (2) — Foreign exchange contracts: Foreign exchange contracts for customers (contract revenue) Commercial banking revenue 20 16 36 30 Foreign exchange contracts for customers (contract revenue) Other noninterest income 8 (2) 10 (1) Foreign exchange contracts for customers (credit portion of fair value adjustment) Other noninterest expense (2) — (2) — Offsetting Derivative Financial Instruments The Bancorp’s derivative transactions are generally governed by ISDA Master Agreements and similar arrangements, which include provisions governing the setoff of assets and liabilities between the parties. When the Bancorp has more than one outstanding derivative transaction with a single counterparty, the setoff provisions contained within these agreements generally allow the non-defaulting party the right to reduce its liability to the defaulting party by amounts eligible for setoff, including the collateral received as well as eligible offsetting transactions with that counterparty, irrespective of the currency, place of payment or booking office. The Bancorp’s policy is to present its derivative assets and derivative liabilities on the Condensed Consolidated Balance Sheets on a gross basis, even when provisions allowing for setoff are in place. However, for derivative contracts cleared through certain central clearing parties who have modified their rules to treat variation margin payments as settlements, the fair value of the respective derivative contracts is reported net of the variation margin payments. Collateral amounts included in the tables below consist primarily of cash and highly rated government-backed securities and do not include variation margin payments for derivative contracts with legal rights of setoff for both periods shown. The following table provides a summary of offsetting derivative financial instruments: Gross Amount Recognized in the Condensed Consolidated Balance Sheets (a) Gross Amounts Not Offset in the Derivatives Collateral (b) Net Amount As of June 30, 2022 Derivative assets $ 4,123 (1,587) (475) 2,061 Derivative liabilities 4,378 (1,587) (1,195) 1,596 As of December 31, 2021 Derivative assets $ 2,896 (837) (548) 1,511 Derivative liabilities 2,013 (837) (712) 464 (a) Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements. (b) Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Condensed Consolidated Balance Sheets were excluded from this table.

Other Short-Term Borrowings

Other Short-Term Borrowings	6 Months Ended
Other Short-Term Borrowings	Jun. 30, 2022
Short-Term Debt [Abstract]
Other Short-Term Borrowings	Other Short-Term Borrowings Borrowings with original maturities of one year or less are classified as short-term. The following table presents a summary of the Bancorp’s other short-term borrowings as of: ($ in millions) June 30, December 31, FHLB advances $ 6,250 — Securities sold under repurchase agreements 449 544 Derivative collateral 358 436 Total other short-term borrowings $ 7,057 980 The Bancorp’s securities sold under repurchase agreements are accounted for as secured borrowings and are collateralized by securities included in available-for-sale debt and other securities in the Condensed Consolidated Balance Sheets. These securities are subject to changes in market value and, therefore, the Bancorp may increase or decrease the level of securities pledged as collateral based upon these movements in market value. As of both June 30, 2022 and December 31, 2021, all securities sold under repurchase agreements were secured by agency residential mortgage-backed securities and the repurchase agreements had an overnight remaining contractual maturity.

Long-Term Debt

Long-Term Debt	6 Months Ended
Long-Term Debt	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt On April 25, 2022, the Bancorp issued and sold $1 billion of fixed-rate/floating-rate senior notes. $400 million of the notes will bear interest at a rate of 4.055% per annum to, but excluding, April 25, 2027, followed by an interest rate of compounded SOFR plus 1.355% until maturity on April 25, 2028. The remaining $600 million of the notes will bear interest at a rate of 4.337% per annum to, but excluding, April 25, 2032, followed by an interest rate of compounded SOFR plus 1.660% until maturity on April 25, 2033. The Bancorp entered into interest rate swaps designated as fair value hedges to convert the fixed-rate periods of the notes to floating rates of one-month LIBOR plus 1.239% and one-month LIBOR plus 1.543% for the notes due April 25, 2028 and the notes due April 25, 2033, respectively. Each tranche of notes is redeemable in whole at par plus accrued and unpaid interest one year prior to its maturity date, or may be wholly or partially redeemed 30 days or 90 days prior to maturity for the 2028 notes and the 2033 notes, respectively. For further information on a subsequent event related to long-term debt, refer to Note 24.

Commitments, Contingent Liabili

Commitments, Contingent Liabilities and Guarantees	6 Months Ended
Commitments, Contingent Liabilities and Guarantees	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingent Liabilities and Guarantees	Commitments, Contingent Liabilities and Guarantees The Bancorp, in the normal course of business, enters into financial instruments and various agreements to meet the financing needs of its customers. The Bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks, provide funding, equipment and locations for its operations and invest in its communities. These instruments and agreements involve, to varying degrees, elements of credit risk, counterparty risk and market risk in excess of the amounts recognized in the Condensed Consolidated Balance Sheets. The creditworthiness of counterparties for all instruments and agreements is evaluated on a case-by-case basis in accordance with the Bancorp’s credit policies. The Bancorp’s significant commitments, contingent liabilities and guarantees in excess of the amounts recognized in the Condensed Consolidated Balance Sheets are discussed in the following sections. Commitments The Bancorp has certain commitments to make future payments under contracts. The following table reflects a summary of significant commitments as of: ($ in millions) June 30, December 31, Commitments to extend credit $ 81,093 80,641 Forward contracts related to residential mortgage loans held for sale 2,381 1,952 Letters of credit 2,053 1,953 Capital commitments for private equity investments 136 124 Purchase obligations 135 160 Capital expenditures 82 78 Commitments to extend credit Commitments to extend credit are agreements to lend, typically having fixed expiration dates or other termination clauses that may require payment of a fee. Since many of the commitments to extend credit may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash flow requirements. The Bancorp is exposed to credit risk in the event of nonperformance by the counterparty for the amount of the contract. Fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and the Bancorp’s exposure is limited to the replacement value of those commitments. As of June 30, 2022 and December 31, 2021, the Bancorp had a reserve for unfunded commitments, including letters of credit, totaling $188 million and $182 million, respectively, included in other liabilities in the Condensed Consolidated Balance Sheets. The Bancorp monitors the credit risk associated with commitments to extend credit using the same standard regulatory risk rating systems utilized for its loan and lease portfolio. Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 79,286 78,298 Special mention 658 1,058 Substandard 1,149 1,285 Total commitments to extend credit $ 81,093 80,641 Letters of credit Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and expire as summarized in the following table as of June 30, 2022: ($ in millions) Less than 1 year (a) $ 992 1 - 5 years (a) 1,060 Over 5 years 1 Total letters of credit $ 2,053 (a) Includes $1 and $3 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire in less than 1 year and between 1 - 5 years, respectively. Standby letters of credit accounted for approximately 99% of total letters of credit at both June 30, 2022 and December 31, 2021 and are considered guarantees in accordance with U.S. GAAP. Approximately 68% and 71% of the total standby letters of credit were collateralized as of June 30, 2022 and December 31, 2021, respectively. In the event of nonperformance by the customers, the Bancorp has rights to the underlying collateral, which can include commercial real estate, physical plant and property, inventory, receivables, cash and marketable securities. The reserve related to these standby letters of credit, which was included in the total reserve for unfunded commitments, was $25 million and $24 million at June 30, 2022 and December 31, 2021, respectively. The Bancorp monitors the credit risk associated with letters of credit using the same standard regulatory risk rating systems utilized for its loan and lease portfolio. Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 1,877 1,778 Special mention 41 40 Substandard 135 135 Total letters of credit $ 2,053 1,953 At June 30, 2022 and December 31, 2021, the Bancorp had outstanding letters of credit that were supporting certain securities issued as VRDNs. The Bancorp facilitates financing for its commercial customers, which consist of companies and municipalities, by marketing the VRDNs to investors. The VRDNs pay interest to holders at a rate of interest that fluctuates based upon market demand. The VRDNs generally have long-term maturity dates, but can be tendered by the holder for purchase at par value upon proper advance notice. When the VRDNs are tendered, a remarketing agent generally finds another investor to purchase the VRDNs to keep the securities outstanding in the market. As of June 30, 2022 and December 31, 2021, total VRDNs, of which FTS was the remarketing agent for all, were $441 million and $464 million, respectively. As remarketing agent, FTS is responsible for actively remarketing VRDNs to other investors when they have been tendered. If another investor is not identified, FTS may choose to purchase the VRDNs into inventory at its discretion while it continues to remarket them. If FTS purchases the VRDNs into inventory, it can subsequently tender back the VRDNs to the issuer’s trustee with proper advance notice. The Bancorp issued letters of credit, as a credit enhancement, to $113 million and $118 million of the VRDNs remarketed by FTS at June 30, 2022 and December 31, 2021, respectively. These letters of credit are included in the total letters of credit balance provided in the previous tables. The Bancorp held an immaterial amount and $1 million of these VRDNs in its portfolio and classified them as trading debt securities at June 30, 2022 and December 31, 2021, respectively. Forward contracts related to residential mortgage loans held for sale The Bancorp enters into forward contracts to economically hedge the change in fair value of certain residential mortgage loans held for sale due to changes in interest rates. The outstanding notional amounts of these forward contracts are included in the summary of significant commitments table for all periods presented. Other commitments The Bancorp has entered into a limited number of agreements for work related to banking center construction and to purchase goods or services. Contingent Liabilities Legal claims There are legal claims pending against the Bancorp and its subsidiaries that have arisen in the normal course of business. Refer to Note 18 for additional information regarding these proceedings. Guarantees The Bancorp has performance obligations upon the occurrence of certain events under financial guarantees provided in certain contractual arrangements as discussed in the following sections. Residential mortgage loans sold with representation and warranty provisions Conforming residential mortgage loans sold to unrelated third parties are generally sold with representation and warranty provisions. A contractual liability arises only in the event of a breach of these representations and warranties and, in general, only when a loss results from the breach. The Bancorp may be required to repurchase any previously sold loan, or indemnify or make whole the investor or insurer for which the representation or warranty of the Bancorp proves to be inaccurate, incomplete or misleading. For more information on how the Bancorp establishes the residential mortgage repurchase reserve, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021. As of both June 30, 2022 and December 31, 2021, the Bancorp maintained reserves related to loans sold with representation and warranty provisions totaling $9 million, included in other liabilities in the Condensed Consolidated Balance Sheets. The Bancorp uses the best information available when estimating its mortgage representation and warranty reserve; however, the estimation process is inherently uncertain and imprecise and, accordingly, losses in excess of the amounts reserved as of June 30, 2022 are reasonably possible. The Bancorp currently estimates that it is reasonably possible that it could incur losses related to mortgage representation and warranty provisions in an amount up to approximately $10 million in excess of amounts reserved. This estimate was derived by modifying the key assumptions to reflect management’s judgment regarding reasonably possible adverse changes to those assumptions. The actual repurchase losses could vary significantly from the recorded mortgage representation and warranty reserve or this estimate of reasonably possible losses, depending on the outcome of various factors, including those previously discussed. For both the three months ended June 30, 2022 and 2021, the Bancorp paid an immaterial amount in the form of make-whole payments and repurchased $15 million and $9 million, respectively, in outstanding principal of loans to satisfy investor demands. For the six months ended June 30, 2022 and 2021, the Bancorp paid an immaterial amount and $1 million, respectively, in the form of make-whole payments and repurchased $28 million and $19 million, respectively, in outstanding principal of loans to satisfy investor demands. Total repurchase demand requests during the three months ended June 30, 2022 and 2021 were $21 million and $18 million, respectively. Total repurchase demand requests during the six months ended June 30, 2022 and 2021 were $44 million and $28 million, respectively. Total outstanding repurchase demand inventory was $12 million and $18 million at June 30, 2022 and December 31, 2021, respectively. Margin accounts FTS, an indirect wholly-owned subsidiary of the Bancorp, guarantees the collection of all margin account balances held by its brokerage clearing agent for the benefit of its customers. FTS is responsible for payment to its brokerage clearing agent for any loss, liability, damage, cost or expense incurred as a result of customers failing to comply with margin or margin maintenance calls on all margin accounts. The margin account balances held by the brokerage clearing agent were $8 million and $20 million at June 30, 2022 and December 31, 2021, respectively. In the event of customer default, FTS has rights to the underlying collateral provided. Given the existence of the underlying collateral provided and negligible historical credit losses, the Bancorp does not maintain a loss reserve related to the margin accounts. Long-term borrowing obligations The Bancorp had certain fully and unconditionally guaranteed long-term borrowing obligations issued by wholly-owned issuing trust entities of $62 million at both June 30, 2022 and December 31, 2021. Visa litigation The Bancorp, as a member bank of Visa prior to Visa’s reorganization and IPO (the “IPO”) of its Class A common shares (the “Class A Shares”) in 2008, had certain indemnification obligations pursuant to Visa’s certificate of incorporation and bylaws and in accordance with its membership agreements. In accordance with Visa’s bylaws prior to the IPO, the Bancorp could have been required to indemnify Visa for the Bancorp’s proportional share of losses based on the pre-IPO membership interests. As part of its reorganization and IPO, the Bancorp’s indemnification obligation was modified to include only certain known or anticipated litigation (the “Covered Litigation”) as of the date of the restructuring. This modification triggered a requirement for the Bancorp to recognize a liability equal to the fair value of the indemnification liability. In conjunction with the IPO, the Bancorp received 10.1 million of Visa’s Class B common shares (the “Class B Shares”) based on the Bancorp’s membership percentage in Visa prior to the IPO. The Class B Shares are not transferable (other than to another member bank) until the later of the third anniversary of the IPO closing or the date on which the Covered Litigation has been resolved; therefore, the Bancorp’s Class B Shares were classified in other assets and accounted for at their carryover basis of $0. Visa deposited $3 billion of the proceeds from the IPO into a litigation escrow account, established for the purpose of funding judgments in, or settlements of, the Covered Litigation. Since then, when Visa’s litigation committee determined that the escrow account was insufficient, Visa issued additional Class A Shares and deposited the proceeds from the sale of the Class A Shares into the litigation escrow account. When Visa funded the litigation escrow account, the Class B Shares were subjected to dilution through an adjustment in the conversion rate of Class B Shares into Class A Shares. In 2009, the Bancorp completed the sale of Visa, Inc. Class B Shares and entered into a total return swap in which the Bancorp will make or receive payments based on subsequent changes in the conversion rate of the Class B Shares into Class A Shares. The swap terminates on the later of the third anniversary of Visa’s IPO or the date on which the Covered Litigation is settled. Refer to Note 22 for additional information on the valuation of the swap. The counterparty to the swap as a result of its ownership of the Class B Shares will be impacted by dilutive adjustments to the conversion rate of the Class B Shares into Class A Shares caused by any Covered Litigation losses in excess of the litigation escrow account. If actual judgments in, or settlements of, the Covered Litigation significantly exceed current expectations, then additional funding by Visa of the litigation escrow account and the resulting dilution of the Class B Shares could result in a scenario where the Bancorp’s ultimate exposure associated with the Covered Litigation (the “Visa Litigation Exposure”) exceeds the value of the Class B Shares owned by the swap counterparty (the “Class B Value”). In the event the Bancorp concludes that it is probable that the Visa Litigation Exposure exceeds the Class B Value, the Bancorp would record a litigation reserve liability and a corresponding amount of other noninterest expense for the amount of the excess. Any such litigation reserve liability would be separate and distinct from the fair value derivative liability associated with the total return swap. As of the date of the Bancorp’s sale of the Visa Class B Shares and through June 30, 2022, the Bancorp has concluded that it is not probable that the Visa Litigation Exposure will exceed the Class B value. Based on this determination, upon the sale of Class B Shares, the Bancorp reversed its net Visa litigation reserve liability and recognized a free-standing derivative liability associated with the total return swap. The fair value of the swap liability was $199 million at June 30, 2022 and $214 million at December 31, 2021. Refer to Note 14 and Note 22 for further information. After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows: Period ($ in millions) Visa Bancorp Cash Q2 2010 $ 500 20 Q4 2010 800 35 Q2 2011 400 19 Q1 2012 1,565 75 Q3 2012 150 6 Q3 2014 450 18 Q2 2018 600 26 Q3 2019 300 12 Q4 2021 250 11 Q2 2022 600 (a) (a) The Bancorp made a cash payment of $25 million to the swap counterparty on July 15, 2022 as a result of the Visa escrow funding in the second quarter of 2022.

Legal and Regulatory Proceeding

Legal and Regulatory Proceedings	6 Months Ended
Legal and Regulatory Proceedings	Jun. 30, 2022
Loss Contingency [Abstract]
Legal and Regulatory Proceedings	Legal and Regulatory Proceedings Litigation Visa/MasterCard Merchant Interchange Litigation In April 2006, the Bancorp was added as a defendant in a consolidated antitrust class action lawsuit originally filed against Visa®, MasterCard® and several other major financial institutions in the United States District Court for the Eastern District of New York (In re: Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, Case No. 5-MD-1720). The plaintiffs, merchants operating commercial businesses throughout the U.S. and trade associations, claimed that the interchange fees charged by card-issuing banks were unreasonable and sought injunctive relief and unspecified damages. In addition to being a named defendant, the Bancorp is currently also subject to a possible indemnification obligation of Visa as discussed in Note 17 and has also entered into judgment and loss sharing agreements with Visa, MasterCard and certain other named defendants. In October 2012, the parties to the litigation entered into a settlement agreement that was initially approved by the trial court but reversed by the U.S. Second Circuit Court of Appeals and remanded to the district court for further proceedings. More than 500 of the merchants who requested exclusion from the class filed separate federal lawsuits against Visa, MasterCard and certain other defendants alleging similar antitrust violations. These individual federal lawsuits were transferred to the United States District Court for the Eastern District of New York. While the Bancorp is only named as a defendant in one of the individual federal lawsuits, it may have obligations pursuant to indemnification arrangements and/or the judgment or loss sharing agreements noted above. On September 17, 2018, the defendants in the consolidated class action signed a second settlement agreement (the “Amended Settlement Agreement”) resolving the claims seeking monetary damages by the proposed plaintiffs’ class (the “Plaintiff Damages Class”) and superseding the original settlement agreement entered into in October 2012. The Amended Settlement Agreement included, among other terms, a release from participating class members for liability for claims that accrue no later than five years after the Amended Settlement Agreement becomes final. The Amended Settlement Agreement provided for a total payment by all defendants of approximately $6.24 billion, composed of approximately $5.34 billion held in escrow plus an additional $900 million in new funds. Pursuant to the terms of the Settlement Agreement, $700 million of the additional $900 million has been returned to the defendants due to the level of opt-outs from the class. The Bancorp’s allocated share of the settlement is within existing reserves, including funds maintained in escrow. On December 13, 2019, the Court entered an order granting final approval for the settlement, which is currently pending appeal. The settlement does not resolve the claims of the separate proposed plaintiffs’ class seeking injunctive relief or the claims of merchants who have opted out of the proposed class settlement and are pursuing, or may in the future decide to pursue, private lawsuits. On September 27, 2021, the Court entered an order certifying a class of merchants pursuing claims for injunctive relief. The ultimate outcome in this matter, including the timing of resolution, remains uncertain. Refer to Note 17 for further information. Klopfenstein v. Fifth Third Bank On August 3, 2012, William Klopfenstein and Adam McKinney filed a lawsuit against Fifth Third Bank in the United States District Court for the Northern District of Ohio (Klopfenstein et al. v. Fifth Third Bank), alleging that the 120% APR that Fifth Third disclosed on its Early Access program was misleading. Early Access is a deposit-advance program offered to eligible customers with checking accounts. The plaintiffs sought to represent a nationwide class of customers who used the Early Access program and repaid their cash advances within 30 days. On October 31, 2012, the case was transferred to the United States District Court for the Southern District of Ohio. In 2013, four similar putative class action lawsuits were filed against Fifth Third Bank in federal courts throughout the country (Lori and Danielle Laskaris v. Fifth Third Bank, Janet Fyock v. Fifth Third Bank, Jesse McQuillen v. Fifth Third Bank, and Brian Harrison v. Fifth Third Bank). Those four lawsuits were transferred to the Southern District of Ohio and consolidated with the original lawsuit as In re: Fifth Third Early Access Cash Advance Litigation (Case No. 1:12-CV-851). On behalf of a putative class, the plaintiffs sought unspecified monetary and statutory damages, injunctive relief, punitive damages, attorneys’ fees, and pre- and post-judgment interest. On March 30, 2015, the court dismissed all claims alleged in the consolidated lawsuit except a claim under the TILA. On May 28, 2019, the Sixth Circuit Court of Appeals reversed the dismissal of plaintiffs’ breach of contract claim and remanded for further proceedings. The plaintiffs’ claimed damages for the alleged breach of contract claim exceed $280 million, plus interest under Ohio law. On March 26, 2021, the trial court granted plaintiffs’ motion for class certification. The court has set a trial date in April 2023. Helton v. Fifth Third Bank On August 31, 2015, trust beneficiaries filed an action against Fifth Third Bank, as trustee, in the Probate Court for Hamilton County, Ohio (Helen Clarke Helton, et al. v. Fifth Third Bank, Case No. 2015003814). The plaintiffs alleged breach of the duty to diversify, breach of the duty of impartiality, breach of trust/fiduciary duty, and unjust enrichment, based on Fifth Third’s alleged failure to diversify assets held in two trusts for the plaintiffs’ benefit. The lawsuit sought over $800 million in alleged damages, attorneys’ fees, removal of Fifth Third as trustee, and injunctive relief. On April 20, 2018, the Court denied plaintiffs’ motion for summary judgment and granted summary judgment to Fifth Third, dismissing the case in its entirety. On December 18, 2019, the Ohio Court of Appeals affirmed the Probate Court’s dismissal of all of plaintiffs’ claims based upon allegations of Fifth Third’s alleged failure to diversify assets held in two trusts for plaintiffs’ benefit. The appeals court reversed summary judgment on one claim related to Fifth Third’s alleged unjust enrichment through its receipt of certain fees in managing the trusts. The Court of Appeals remanded the case to the Probate Court for further consideration of the lone surviving claim, which comprises a small fraction of the damages originally sought by plaintiffs in the lawsuit. Plaintiffs filed an appeal to the Ohio Supreme Court, seeking review of the decision from the Ohio Court of Appeals. On April 14, 2020, the Ohio Supreme Court announced its denial of plaintiffs’ request for review, and subsequently denied plaintiffs’ request for reconsideration. Thereafter, the case returned to the trial court for further adjudication of the lone surviving claim. On July 28, 2021 the trial court issued an order granting summary judgment to Fifth Third on a portion of plaintiffs’ unjust enrichment claim, leaving the remainder of the claim to be resolved at trial. Plaintiffs appealed the order granting partial summary judgment on the unjust enrichment claim. Plaintiffs abandoned the remainder of the unjust enrichment claim on appeal and the trial court has vacated the trial date. On March 30, 2022, the appellate court affirmed the trial court’s grant of summary judgment. Bureau of Consumer Financial Protection v. Fifth Third Bank, National Association On March 9, 2020, the CFPB filed a lawsuit against Fifth Third in the United States District Court for the Northern District of Illinois entitled CFPB v. Fifth Third Bank, National Association, Case No. 1:20-CV-1683 (N.D. Ill.) (ABW), alleging violations of the Consumer Financial Protection Act, TILA, and Truth in Savings Act related to Fifth Third’s alleged opening of unspecified numbers of allegedly unauthorized credit card, savings, checking, online banking and early access accounts from 2010 through 2016. The CFPB seeks unspecified amounts of civil monetary penalties as well as unspecified customer remediation. On February 12, 2021, the court granted Fifth Third’s motion to transfer venue to the United States District Court for the Southern District of Ohio. The case is currently in discovery and no trial date has been set. Shareholder Litigation On April 7, 2020, Plaintiff Lee Christakis filed a putative class action lawsuit against Fifth Third Bancorp, Fifth Third Chairman and former Chief Executive Officer Greg D. Carmichael, and former Fifth Third Chief Financial Officer Tayfun Tuzun in the U.S. District Court for the Northern District of Illinois entitled Lee Christakis, individually and on behalf of all others similarly situated v. Fifth Third Bancorp, et al., Case No. 1:20-cv-2176 (N.D. Ill). The case brings two claims for violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, alleging that the Defendants made material misstatements and omissions in connection with the alleged unauthorized opening of credit card, savings, checking, online banking and early access accounts from 2010 through 2016. The plaintiff seeks certification of a class, unspecified damages, attorneys’ fees and costs. On June 29, 2020, the Court appointed Heavy & General Laborers’ Local 472 & 172 Pension and Annuity Funds as lead plaintiff, and Robins Geller Rudman & Dowd LLP as lead counsel for the plaintiff. On September 14, 2020, the lead plaintiff filed its amended consolidated complaint. On April 27, 2021, the Court granted the defendants’ motion to dismiss without prejudice, and provided the plaintiff with leave to amend to attempt to cure the deficiencies. On October 8, 2021, the plaintiff filed an amended complaint. On May 25, 2022, the Court granted defendants’ motion to dismiss the amended complaint with prejudice. The plaintiff did not appeal that decision and the case is now concluded. On July 31, 2020, a second putative shareholder class action lawsuit captioned Dr. Steven Fox, individually and on behalf of all others similarly situated v. Fifth Third Bancorp, et al., Case No. 2020CH05219 was filed on behalf of former shareholders of MB Financial, Inc. in the Cook County, Illinois Circuit Court. The suit brings claims for violation of Sections 11 and 12(a)(2) of the Securities Act of 1933, alleging that the Bancorp and certain of its officers and directors made material misstatements and omissions regarding the alleged improper cross-selling strategy in filings made in connection with the Bancorp’s merger with MB Financial, Inc. On March 19, 2021, the trial court denied the defendants’ motion to dismiss. The case is currently in discovery and no trial date has been set. In addition, shareholder derivative lawsuits have been filed seeking monetary damages on behalf of the Bancorp alleging certain claims against various officers and directors relating to an alleged improper cross-selling strategy. Five lawsuits have been consolidated into a single action pending in the U.S. District Court for the Northern District of Illinois captioned In re Fifth Third Bancorp Derivative Litigation, Case No. 1:20-cv-04115. Those cases consist of: (1) Pemberton v. Carmichael, et al., Case No. 20-cv-4115 (filed July 13, 2020); (2) Meyer v. Carmichael, et al., Case No. 20-cv-4244 (filed July 17, 2020); (3) Cox v. Carmichael, et al., Case No. 20-cv-4660 (filed August 7, 2020); (4) Hansen v. Carmichael, et al., Case No. 20-cv-5339 (filed September 10, 2020); and (5) Reese v. Carmichael, et al., Case No. 1:21-cv-01631 (filed November 4, 2020 originally as Case No. 20-cv-866 in the Southern District of Ohio). On March 31, 2022, the district court granted the defendants’ motion to dismiss those cases without prejudice. On April 29, 2022, plaintiffs filed an amended complaint. Also separately pending in the Hamilton County, Ohio Court of Common Pleas is Sandys v. Carmichael, et al., Case No. A2004539 (filed December 28, 2020) and The City of Miami Firefighters’ and Police Officers’ Retirement Trust v. Carmichael, et al., Case No. A2200330 (filed January 27, 2022). On April 18, 2022, the Sandys shareholder voluntarily dismissed the lawsuit without prejudice. The Court stayed the case brought by The City of Miami Firefighters’ and Police Officers’ Retirement Trust on June 9, 2022 in favor of the In re Fifth Third Bancorp Derivative Litigation pending in federal court. The Bancorp has also received several shareholder demands under Ohio Rev. Code § 1701.37(c) and lawsuits have been filed arising out of the same. Finally, the Bancorp has received shareholder demands that the Bancorp’s Board of Directors investigate and commence a civil action for failure to detect and/or prevent the alleged illegal cross-selling strategy. Other litigation The Bancorp and its subsidiaries are not parties to any other material litigation. However, there are other litigation matters that arise in the normal course of business. While it is impossible to ascertain the ultimate resolution or range of financial liability with respect to these contingent matters, management believes that the resulting liability, if any, from these other actions would not have a material effect upon the Bancorp’s consolidated financial position, results of operations or cash flows. Governmental Investigations and Proceedings The Bancorp and/or its affiliates are or may become involved in information-gathering requests, reviews, investigations and proceedings (both formal and informal) by various governmental regulatory agencies and law enforcement authorities, including but not limited to the FRB, OCC, CFPB, SEC, FINRA, U.S. Department of Justice, etc., as well as state and other governmental authorities and self-regulatory bodies regarding their respective businesses. Additional matters will likely arise from time to time. Any of these matters may result in material adverse consequences or reputational harm to the Bancorp, its affiliates and/or their respective directors, officers and other personnel, including adverse judgments, findings, settlements, fines, penalties, orders, injunctions or other actions, amendments and/or restatements of the Bancorp’s SEC filings and/or financial statements, as applicable, and/or determinations of material weaknesses in our disclosure controls and procedures. Investigations by regulatory authorities may from time to time result in civil or criminal referrals to law enforcement. Additionally, in some cases, regulatory authorities may take supervisory actions that are considered to be confidential supervisory information which may not be publicly disclosed. Reasonably Possible Losses in Excess of Accruals The Bancorp and its subsidiaries are parties to numerous claims and lawsuits as well as threatened or potential actions or claims concerning matters arising from the conduct of its business activities. The outcome of claims or litigation and the timing of ultimate resolution are inherently difficult to predict. The following factors, among others, contribute to this lack of predictability: claims often include significant legal uncertainties, damages alleged by plaintiffs are often unspecified or overstated, discovery may not have started or may not be complete and material facts may be disputed or unsubstantiated. As a result of these factors, the Bancorp is not always able to provide an estimate of the range of reasonably possible outcomes for each claim. An accrual for a potential litigation loss is established when information related to the loss contingency indicates both that a loss is probable and that the amount of loss can be reasonably estimated. Any such accrual is adjusted from time to time thereafter as appropriate to reflect changes in circumstances. The Bancorp also determines, when possible (due to the uncertainties described above), estimates of reasonably possible losses or ranges of reasonably possible losses, in excess of amounts accrued. Under U.S. GAAP, an event is “reasonably possible” if “the chance of the future event or events occurring is more than remote but less than likely” and an event is “remote” if “the chance of the future event or events occurring is slight.” Thus, references to the upper end of the range of reasonably possible loss for cases in which the Bancorp is able to estimate a range of reasonably possible loss mean the upper end of the range of loss for cases for which the Bancorp believes the risk of loss is more than slight. For matters where the Bancorp is able to estimate such possible losses or ranges of possible losses, the Bancorp currently estimates that it is reasonably possible that it could incur losses related to legal and regulatory proceedings, in an aggregate amount up to approximately $60 million in excess of amounts accrued, with it also being reasonably possible that no losses will be incurred in these matters. The estimates included in this amount are based on the Bancorp’s analysis of currently available information, and as new information is obtained the Bancorp may change its estimates. For these matters and others where an unfavorable outcome is reasonably possible but not probable, there may be a range of possible losses in excess of the established accrual that cannot be estimated. Based on information currently available, advice of counsel, available insurance coverage and established accruals, the Bancorp believes that the eventual outcome of the actions against the Bancorp and/or its subsidiaries, including the matters described above, will not, individually or in the aggregate, have a material adverse effect on the Bancorp’s consolidated financial position. However, in the event of unexpected future developments, it is possible that the ultimate resolution of those matters, if unfavorable, may be material to the Bancorp’s results of operations for any particular period, depending, in part, upon the size of the loss or liability imposed and the operating results for the applicable period.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe applicable income tax expense was $162 million and $202 million for the three months ended June 30, 2022 and 2021, respectively, and $279 million and $391 million for the six months ended June 30, 2022 and 2021, respectively. The effective tax rates for the three months ended June 30, 2022 and 2021 were 22.4% and 22.1%, respectively, and 20.9% and 21.8% for the six months ended June 30, 2022 and 2021, respectively. While it is reasonably possible that the amount of the unrecognized tax benefits with respect to certain of the Bancorp’s uncertain tax positions could increase or decrease during the next twelve months, the Bancorp believes it is unlikely that its unrecognized tax benefits will change by a material amount during the next twelve months.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
Accumulated Other Comprehensive Income	Jun. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The tables below present the activity of the components of OCI and AOCI for the three months ended: Total OCI Total AOCI June 30, 2022 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding losses on available-for-sale debt securities arising during period $ (1,964) 458 (1,506) Reclassification adjustment for net gains on available-for-sale debt securities included in net income — — — Net unrealized losses on available-for-sale debt securities (1,964) 458 (1,506) (1,040) (1,506) (2,546) Unrealized holding gains on cash flow hedge derivatives arising during period 2 — 2 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (58) 13 (45) Net unrealized losses on cash flow hedge derivatives (56) 13 (43) (20) (43) (63) Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 2 — 2 Defined benefit pension plans, net 1 — 1 (32) 1 (31) Other — — — (4) — (4) Total $ (2,019) 471 (1,548) (1,096) (1,548) (2,644) Total OCI Total AOCI June 30, 2021 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding gains on available-for-sale debt securities arising during period $ 306 (71) 235 Reclassification adjustment for net gains on available-for-sale debt securities included in net income (7) 2 (5) Net unrealized gains on available-for-sale debt securities 299 (69) 230 1,242 230 1,472 Unrealized holding gains on cash flow hedge derivatives arising during period 11 (2) 9 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (73) 15 (58) Net unrealized gains on cash flow hedge derivatives (62) 13 (49) 597 (49) 548 Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 3 (1) 2 Defined benefit pension plans, net 2 (1) 1 (43) 1 (42) Other — — — (4) — (4) Total $ 239 (57) 182 1,792 182 1,974 The tables below present the activity of the components of OCI and AOCI for the six months ended: Total OCI Total AOCI June 30, 2022 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding losses on available-for-sale debt securities arising during period $ (4,469) 1,034 (3,435) Reclassification adjustment for net gains on available-for-sale debt securities included in net income (3) 1 (2) Net unrealized losses on available-for-sale debt securities (4,472) 1,035 (3,437) 891 (3,437) (2,546) Unrealized holding losses on cash flow hedge derivatives arising during period (405) 95 (310) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (136) 30 (106) Net unrealized losses on cash flow hedge derivatives (541) 125 (416) 353 (416) (63) Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 3 — 3 Defined benefit pension plans, net 2 — 2 (33) 2 (31) Other — — — (4) — (4) Total $ (5,011) 1,160 (3,851) 1,207 (3,851) (2,644) Total OCI Total AOCI June 30, 2021 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding losses on available-for-sale debt securities arising during period $ (609) 143 (466) Reclassification adjustment for net losses on available-for-sale debt securities included in net income 9 (2) 7 Net unrealized gains on available-for-sale debt securities (600) 141 (459) 1,931 (459) 1,472 Unrealized holding losses on cash flow hedge derivatives arising during period (70) 15 (55) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (146) 31 (115) Net unrealized gains on cash flow hedge derivatives (216) 46 (170) 718 (170) 548 Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 4 (1) 3 Defined benefit pension plans, net 3 (1) 2 (44) 2 (42) Other — — — (4) — (4) Total $ (813) 186 (627) 2,601 (627) 1,974 The table below presents reclassifications out of AOCI: Condensed Consolidated Statements of Income Caption For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Net unrealized (losses) gains on available-for-sale debt securities: (b) Net gains (losses) included in net income Securities (losses) gains, net $ — 7 3 (9) Income before income taxes — 7 3 (9) Applicable income tax expense — (2) (1) 2 Net income — 5 2 (7) Net unrealized (losses) gains on cash flow hedge derivatives: (b) Interest rate contracts related to C&I, commercial mortgage and commercial construction loans Interest and fees on loans and leases 58 73 136 146 Income before income taxes 58 73 136 146 Applicable income tax expense (13) (15) (30) (31) Net income 45 58 106 115 Net periodic benefit costs: (b) Amortization of net actuarial loss Compensation and benefits (a) (1) (2) (2) (3) Settlements Compensation and benefits (a) (1) (1) (1) (1) Income before income taxes (2) (3) (3) (4) Applicable income tax expense — 1 — 1 Net income (2) (2) (3) (3) Total reclassifications for the period Net income $ 43 61 105 105 (a) This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 22 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021 for further information. (b) Amounts in parentheses indicate reductions to net income.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following tables provide the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share: 2022 2021 For the three months ended June 30, (in millions, except per share data) Income Average Per Share Income Average Per Share Earnings Per Share: Net income available to common shareholders $ 526 $ 674 Less: Income allocated to participating securities 1 1 Net income allocated to common shareholders $ 525 689 $ 0.76 $ 673 709 $ 0.95 Earnings Per Diluted Share: Net income available to common shareholders $ 526 $ 674 Effect of dilutive securities: Stock-based awards — 6 — 9 Net income available to common shareholders plus assumed conversions $ 526 $ 674 Less: Income allocated to participating securities 1 1 Net income allocated to common shareholders plus assumed conversions $ 525 695 $ 0.76 $ 673 718 $ 0.94 2022 2021 For the six months ended June 30, (in millions, except per share data) Income Average Shares Per Share Amount Income Average Shares Per Share Amount Earnings Per Share: Net income available to common shareholders $ 1,000 $ 1,348 Less: Income allocated to participating securities 1 4 Net income allocated to common shareholders $ 999 688 $ 1.45 $ 1,344 712 $ 1.89 Earnings Per Diluted Share: Net income available to common shareholders $ 1,000 $ 1,348 Effect of dilutive securities: Stock-based awards — 8 — 9 Net income available to common shareholders plus assumed conversions $ 1,000 $ 1,348 Less: Income allocated to participating securities 1 4 Net income allocated to common shareholders plus assumed conversions $ 999 696 $ 1.44 $ 1,344 721 $ 1.87 Shares are excluded from the computation of earnings per diluted share when their inclusion has an anti-dilutive effect on earnings per share. The diluted earnings per share computation for the three and six months ended June 30, 2022 excludes 3 million and 2 million shares, respectively, of stock-based awards because their inclusion would have been anti-dilutive. The diluted earnings per share computation for both the three and six months ended June 30, 2021 excludes an immaterial amount of stock-based awards because their inclusion would have been anti-dilutive.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Bancorp measures certain financial assets and liabilities at fair value in accordance with U.S. GAAP, which defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP also establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the instrument’s fair value measurement. For more information regarding the fair value hierarchy, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables summarize assets and liabilities measured at fair value on a recurring basis as of: Fair Value Measurements Using June 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 2,093 — — 2,093 Obligations of states and political subdivisions securities — 18 — 18 Mortgage-backed securities: Agency residential mortgage-backed securities — 11,939 — 11,939 Agency commercial mortgage-backed securities — 26,873 — 26,873 Non-agency commercial mortgage-backed securities — 4,770 — 4,770 Asset-backed securities and other debt securities — 6,338 — 6,338 Available-for-sale debt and other securities (a) 2,093 49,938 — 52,031 Trading debt securities: U.S. Treasury and federal agencies securities 9 21 — 30 Obligations of states and political subdivisions securities — 25 — 25 Agency residential mortgage-backed securities — 15 — 15 Asset-backed securities and other debt securities — 223 — 223 Trading debt securities 9 284 — 293 Equity securities 316 10 — 326 Residential mortgage loans held for sale — 1,406 — 1,406 Residential mortgage loans (b) — — 133 133 Servicing rights — — 1,582 1,582 Derivative assets: Interest rate contracts 11 789 17 817 Foreign exchange contracts — 535 — 535 Commodity contracts 49 2,734 — 2,783 Derivative assets (c) 60 4,058 17 4,135 Total assets $ 2,478 55,696 1,732 59,906 Liabilities: Derivative liabilities: Interest rate contracts $ 9 1,089 9 1,107 Foreign exchange contracts — 482 — 482 Equity contracts — — 199 199 Commodity contracts 519 2,072 — 2,591 Derivative liabilities (d) 528 3,643 208 4,379 Short positions: U.S. Treasury and federal agencies securities 62 — — 62 Asset-backed securities and other debt securities — 141 — 141 Short positions (d) 62 141 — 203 Total liabilities $ 590 3,784 208 4,582 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $315, $489 and $2, respectively, at June 30, 2022. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets. Fair Value Measurements Using December 31, 2021 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 86 — — 86 Obligations of states and political subdivisions securities — 18 — 18 Mortgage-backed securities: Agency residential mortgage-backed securities — 8,782 — 8,782 Agency commercial mortgage-backed securities — 18,951 — 18,951 Non-agency commercial mortgage-backed securities — 4,479 — 4,479 Asset-backed securities and other debt securities — 5,275 — 5,275 Available-for-sale debt and other securities (a) 86 37,505 — 37,591 Trading debt securities: U.S. Treasury and federal agencies securities 72 12 — 84 Obligations of states and political subdivisions securities — 32 — 32 Agency residential mortgage-backed securities — 105 — 105 Asset-backed securities and other debt securities — 291 — 291 Trading debt securities 72 440 — 512 Equity securities 365 11 — 376 Residential mortgage loans held for sale — 1,023 — 1,023 Residential mortgage loans (b) — — 154 154 Servicing rights — — 1,121 1,121 Derivative assets: Interest rate contracts 2 1,245 12 1,259 Foreign exchange contracts — 323 — 323 Commodity contracts 26 1,300 — 1,326 Derivative assets (c) 28 2,868 12 2,908 Total assets $ 551 41,847 1,287 43,685 Liabilities: Derivative liabilities: Interest rate contracts $ 2 231 8 241 Foreign exchange contracts — 298 — 298 Equity contracts — — 214 214 Commodity contracts 285 975 — 1,260 Derivative liabilities (d) 287 1,504 222 2,013 Short positions: U.S. Treasury and federal agencies securities 96 — — 96 Asset-backed securities and other debt securities — 201 — 201 Short positions (d) 96 201 — 297 Total liabilities $ 383 1,705 222 2,310 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $30, $486 and $3, respectively, at December 31, 2021. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets. The following is a description of the valuation methodologies used for significant instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy. Available-for-sale debt and other securities, trading debt securities and equity securities Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include U.S. Treasury securities and equity securities. If quoted market prices are not available, then fair values are estimated using pricing models which primarily utilize quoted prices of securities with similar characteristics. Level 2 securities may include federal agencies securities, obligations of states and political subdivisions securities, agency residential mortgage-backed securities, agency and non-agency commercial mortgage-backed securities, asset-backed securities and other debt securities and equity securities. These securities are generally valued using a market approach based on observable prices of securities with similar characteristics. Residential mortgage loans held for sale For residential mortgage loans held for sale for which the fair value election has been made, fair value is estimated based upon mortgage-backed securities prices and spreads to those prices or, for certain ARM loans, DCF models that may incorporate the anticipated portfolio composition, credit spreads of asset-backed securities with similar collateral and market conditions. The anticipated portfolio composition includes the effect of interest rate spreads and discount rates due to loan characteristics such as the state in which the loan was originated, the loan amount and the ARM margin. Residential mortgage loans held for sale that are valued based on mortgage-backed securities prices are classified within Level 2 of the valuation hierarchy as the valuation is based on external pricing for similar instruments. ARM loans classified as held for sale are also classified within Level 2 of the valuation hierarchy due to the use of observable inputs in the DCF model. These observable inputs include interest rate spreads from agency mortgage-backed securities market rates and observable discount rates. Residential mortgage loans For residential mortgage loans for which the fair value election has been made, and that are reclassified from held for sale to held for investment, the fair value estimation is based on mortgage-backed securities prices, interest rate risk and an internally developed credit component. Therefore, these loans are transferred from Level 2 to Level 3 of the valuation hierarchy. An adverse change in the loss rate or severity assumption would result in a decrease in fair value of the related loans. Servicing rights MSRs do not trade in an active, open market with readily observable prices. While sales of MSRs do occur, the precise terms and conditions typically are not readily available. Accordingly, the Bancorp estimates the fair value of MSRs using internal OAS models with certain unobservable inputs, primarily prepayment speed assumptions, OAS and weighted-average lives, resulting in a classification within Level 3 of the valuation hierarchy. Refer to Note 13 for further information on the assumptions used in the valuation of the Bancorp’s MSRs. Derivatives Exchange-traded derivatives valued using quoted prices and certain over-the-counter derivatives valued using active bids are classified within Level 1 of the valuation hierarchy. Most of the Bancorp’s derivative contracts are valued using DCF or other models that incorporate current market interest rates, credit spreads assigned to the derivative counterparties and other market parameters and, therefore, are classified within Level 2 of the valuation hierarchy. Such derivatives include basic and structured interest rate, foreign exchange and commodity swaps and options. Derivatives that are valued based upon models with significant unobservable market parameters are classified within Level 3 of the valuation hierarchy. At June 30, 2022 and December 31, 2021, derivatives classified as Level 3, which are valued using models containing unobservable inputs, consisted primarily of a total return swap associated with the Bancorp’s sale of Visa, Inc. Class B Shares as well as IRLCs, which utilize internally generated loan closing rate assumptions as a significant unobservable input in the valuation process. Under the terms of the total return swap, the Bancorp will make or receive payments based on subsequent changes in the conversion rate of the Visa, Inc. Class B Shares into Class A Shares. Additionally, the Bancorp will make a quarterly payment based on Visa’s stock price and the conversion rate of the Visa, Inc. Class B Shares into Class A Shares until the date on which the Covered Litigation is settled. The fair value of the total return swap was calculated using a DCF model based on unobservable inputs consisting of management’s estimate of the probability of certain litigation scenarios, the timing of the resolution of the Covered Litigation and Visa litigation loss estimates in excess, or shortfall, of the Bancorp’s proportional share of escrow funds. An increase in the loss estimate or a delay in the resolution of the Covered Litigation would result in an increase in the fair value of the derivative liability; conversely, a decrease in the loss estimate or an acceleration of the resolution of the Covered Litigation would result in a decrease in the fair value of the derivative liability. Refer to Note 17 for additional information on the Covered Litigation. The net asset fair value of the Bancorp’s IRLCs at June 30, 2022 was $11 million. Immediate decreases in current interest rates of 25 bps and 50 bps would result in increases in the fair value of the IRLCs of approximately $7 million and $13 million, respectively. Immediate increases of current interest rates of 25 bps and 50 bps would result in decreases in the fair value of the IRLCs of approximately $8 million and $17 million, respectively. The decrease in fair value of IRLCs due to immediate 10% and 20% adverse changes in the assumed loan closing rates would be approximately $1 million and $2 million, respectively, and the increase in fair value due to immediate 10% and 20% favorable changes in the assumed loan closing rates would be approximately $1 million and $2 million, respectively. These sensitivities are hypothetical and should be used with caution, as changes in fair value based on a variation in assumptions typically cannot be extrapolated because the relationship of the change in assumptions to the change in fair value may not be linear. Short positions Where quoted prices are available in an active market, short positions are classified within Level 1 of the valuation hierarchy. Level 1 securities include U.S. Treasury securities. If quoted market prices are not available, then fair values are estimated using pricing models which primarily utilize quoted prices of securities with similar characteristics and therefore are classified within Level 2 of the valuation hierarchy. Level 2 securities include asset-backed and other debt securities. The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended June 30, 2022 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 145 1,444 (2) (198) 1,389 Total gains (losses) (realized/unrealized): (b) Included in earnings (7) 32 12 (18) 19 Purchases/originations/acquisitions — 106 4 — 110 Settlements (6) — (6) 17 5 Transfers into Level 3 (c) 1 — — — 1 Balance, end of period $ 133 1,582 8 (199) 1,524 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2022 $ (7) 65 12 (18) 52 (a) Net interest rate derivatives include derivative assets and liabilities of $17 and $9, respectively, as of June 30, 2022. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2022. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended June 30, 2021 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 153 784 30 (195) 772 Total (losses) gains (realized/unrealized): (b) Included in earnings — (122) 57 (37) (102) Purchases/originations — 156 — — 156 Settlements (12) — (56) 19 (49) Transfers into Level 3 (c) 10 — — — 10 Balance, end of period $ 151 818 31 (213) 787 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2021 $ — (56) 37 (37) (56) (a) Net interest rate derivatives include derivative assets and liabilities of $39 and $8, respectively, as of June 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the six months ended June 30, 2022 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 154 1,121 4 (214) 1,065 Total gains (losses) (realized/unrealized): (b) Included in earnings (13) 169 13 (29) 140 Purchases/originations/acquisitions — 292 2 — 294 Settlements (15) — (11) 44 18 Transfers into Level 3 (c) 7 — — — 7 Balance, end of period $ 133 1,582 8 (199) 1,524 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2022 $ (13) 267 13 (29) 238 (a) Net interest rate derivatives include derivative assets and liabilities of $17 and $9, respectively, as of June 30, 2022. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2022. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the six months ended June 30, 2021 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 161 656 53 (201) 669 Total (losses) gains (realized/unrealized): (b) Included in earnings (1) (50) 91 (50) (10) Purchases/originations — 212 (1) — 211 Settlements (29) — (112) 38 (103) Transfers into Level 3 (c) 20 — — — 20 Balance, end of period $ 151 818 31 (213) 787 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2021 $ (1) 69 40 (50) 58 (a) Net interest rate derivatives include derivative assets and liabilities of $39 and $8, respectively, as of June 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. The total gains and losses included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Mortgage banking net revenue $ 36 (66) 167 39 Commercial banking revenue 1 1 2 1 Other noninterest income (18) (37) (29) (50) Total gains (losses) $ 19 (102) 140 (10) The total gains and losses included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at June 30, 2022 and 2021 were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Mortgage banking net revenue $ 69 (20) 265 107 Commercial banking revenue 1 1 2 1 Other noninterest income (18) (37) (29) (50) Total gains (losses) $ 52 (56) 238 58 The following tables present information as of June 30, 2022 and 2021 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a recurring basis: As of June 30, 2022 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 133 Loss rate model Interest rate risk factor (19.2) - 4.4% (8.3) % (a) Credit risk factor — - 23.3% 0.2 % (a) (Fixed) 5.3 % (b) Servicing rights 1,582 DCF Prepayment speed — - 100% (Adjustable) 20.3 % (b) (Fixed) 796 (b) OAS (bps) 615 - 1,513 (Adjustable) 1,204 (b) IRLCs, net 11 DCF Loan closing rates 34.5 - 98.5% 86.9 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (199) DCF Timing of the resolution Q3 2023 - Q3 2026 Q4 2024 (d) (a) Unobservable inputs were weighted by the relative carrying value of the instruments. (b) Unobservable inputs were weighted by the relative unpaid principal balance of the instruments. (c) Unobservable inputs were weighted by the relative notional amount of the instruments. (d) Unobservable inputs were weighted by the probability of the final funding date of the instruments. As of June 30, 2021 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 151 Loss rate model Interest rate risk factor (9.2) - 9.0 % 1.1 % (a) Credit risk factor — - 24.8 % 0.5 % (a) (Fixed) 14.5 % (b) Servicing rights 818 DCF Prepayment speed — - 100.0 % (Adjustable) 21.6 % (b) (Fixed) 542 (b) OAS (bps) 406 - 1,587 (Adjustable) 978 (b) IRLCs, net 39 DCF Loan closing rates 10.0 - 97.2 % 76.5 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (213) DCF Timing of the resolution Q1 2023 - Q1 2025 Q4 2023 (d) (a) Unobservable inputs were weighted by the relative carrying value of the instruments. (b) Unobservable inputs were weighted by the relative unpaid principal balance of the instruments. (c) Unobservable inputs were weighted by the relative notional amount of the instruments. (d) Unobservable inputs were weighted by the probability of the final funding date of the instruments. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Certain assets and liabilities are measured at fair value on a nonrecurring basis. These assets and liabilities are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment. The following tables provide the fair value hierarchy and carrying amount of all assets that were held as of June 30, 2022 and 2021, and for which a nonrecurring fair value adjustment was recorded during the three and six months ended June 30, 2022 and 2021, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period. Fair Value Measurements Using Total (Losses) Gains As of June 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended June 30, 2022 For the six months ended June 30, 2022 Commercial loans and leases $ — — 180 180 (15) (47) Consumer and residential mortgage loans — — 115 115 — — OREO — — 2 2 — 1 Bank premises and equipment — — 2 2 (1) (1) Operating lease equipment — — 5 5 — (2) Private equity investments — 9 — 9 (1) (7) Total $ — 9 304 313 (17) (56) Fair Value Measurements Using Total (Losses) Gains As of June 30, 2021 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended June 30, 2021 For the six months ended June 30, 2021 Commercial loans held for sale $ — — 2 2 — 1 Commercial loans and leases — — 313 313 (39) (44) Consumer and residential mortgage loans — — 140 140 1 (1) OREO — — 6 6 — (6) Bank premises and equipment — — 7 7 (1) (2) Operating lease equipment — — 34 34 — (25) Private equity investments — 1 — 1 — — Total $ — 1 502 503 (39) (77) The following tables present information as of June 30, 2022 and 2021 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured on a nonrecurring basis: As of June 30, 2022 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans and leases $ 180 Appraised value Collateral value NM NM Consumer and residential mortgage loans 115 Appraised value Collateral value NM NM OREO 2 Appraised value Appraised value NM NM Bank premises and equipment 2 Appraised value Appraised value NM NM Operating lease equipment 5 Appraised value Appraised value NM NM As of June 30, 2021 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans held for sale $ 2 Comparable company analysis Market comparable transactions NM NM Commercial loans and leases 313 Appraised value Collateral value NM NM Consumer and residential mortgage loans 140 Appraised value Collateral value NM NM OREO 6 Appraised value Appraised value NM NM Bank premises and equipment 7 Appraised value Appraised value NM NM Operating lease equipment 34 Appraised value Appraised value NM NM Commercial loans held for sale The Bancorp estimated the fair value of certain commercial loans held for sale resulting in positive fair value adjustments of an immaterial amount during both the three and six months ended June 30, 2021. These valuations were based on quoted prices for similar assets in active markets (Level 2 of the valuation hierarchy), appraisals of the underlying collateral or by applying unobservable inputs such as an estimated market discount to the unpaid principal balance of the loans or the appraised values of the assets (Level 3 of the valuation hierarchy). The Bancorp recognized losses of an immaterial amount and gains of $1 million during the three and six months ended June 30, 2021, respectively. Portfolio loans and leases During the three and six months ended June 30, 2022 and 2021, the Bancorp recorded nonrecurring impairment adjustments to certain collateral-dependent portfolio loans and leases. When a loan is collateral-dependent, the fair value of the loan is generally based on the fair value less cost to sell of the underlying collateral supporting the loan and therefore these loans were classified within Level 3 of the valuation hierarchy. In cases where the amortized cost basis of the loan or lease exceeds the estimated net realizable value of the collateral, then an ALLL is recognized, or a charge-off once the remaining amount is considered uncollectible. OREO During the three and six months ended June 30, 2022 and 2021, the Bancorp recorded nonrecurring adjustments to certain commercial and residential real estate properties and branch-related real estate no longer intended to be used for banking purposes classified as OREO and measured at the lower of carrying amount or fair value. These nonrecurring losses were primarily due to declines in real estate values of the properties recorded in OREO. These losses include an immaterial amount in losses recorded as charge-offs on new OREO properties transferred from loans, during both the three and six months ended June 30, 2022, compared to an immaterial amount and $6 million in losses during the three and six months ended June 30, 2021, respectively. These losses also included an immaterial amount recorded as negative fair value adjustments and $1 million recorded as positive fair value adjustments on OREO for the three and six months ended June 30, 2022, respectively, and an immaterial amount recorded as negative fair value adjustments for both the three and six months ended June 30, 2021, recorded in other noninterest expense or other noninterest income in the Condensed Consolidated Statements of Income subsequent to their transfer into OREO. The fair value amounts are generally based on appraisals of the property values, resulting in a classification within Level 3 of the valuation hierarchy. In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized. The previous tables reflect the fair value measurements of the properties before deducting the estimated costs to sell. Bank premises and equipment The Bancorp performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. These properties were written down to their lower of cost or market values. At least annually thereafter, the Bancorp will review these properties for market fluctuations. The fair value amounts were generally based on appraisals of the property values, resulting in a classification within Level 3 of the valuation hierarchy. For further information on bank premises and equipment, refer to Note 7. Operating lease equipment The Bancorp performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. When evaluating whether an individual asset is impaired, the Bancorp considers the current fair value of the asset, the changes in overall market demand for the asset and the rate of change in advancements associated with technological improvements that impact the demand for the specific asset under review. As part of this ongoing assessment, the Bancorp determined that the carrying values of certain operating lease equipment were not recoverable and, as a result, the Bancorp recorded an impairment loss equal to the amount by which the carrying value of the assets exceeded the fair value. The fair value amounts were generally based on appraised values of the assets, resulting in a classification within Level 3 of the valuation hierarchy. Private equity investments The Bancorp accounts for its private equity investments using the measurement alternative to fair value, except for those accounted for under the equity method of accounting. Under the measurement alternative, the Bancorp carries each investment at its cost basis minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. The Bancorp recognized gains of an immaterial amount and $4 million during the three and six months ended June 30, 2022, respectively, and gains of an immaterial amount during both the three and six months ended June 30, 2021, resulting from observable price changes. The carrying value of the Bancorp’s private equity investments still held as of June 30, 2022 includes a cumulative $72 million of positive adjustments as a result of observable price changes since January 1, 2018. Because these adjustments are based on observable transactions in inactive markets, they are classified in Level 2 of the fair value hierarchy. For private equity investments which are accounted for using the measurement alternative to fair value, the Bancorp qualitatively evaluates each investment quarterly to determine if impairment may exist. If necessary, the Bancorp then measures impairment by estimating the value of its investment and comparing that to the investment’s carrying value, whether or not the Bancorp considers the impairment to be temporary. These valuations are typically developed using a DCF method, but other methods may be used if more appropriate for the circumstances. These valuations are based on unobservable inputs and therefore are classified in Level 3 of the fair value hierarchy. The Bancorp recognized impairment charges of $1 million and $11 million for the three and six months ended June 30, 2022, respectively, and impairment charges of an immaterial amount for both the three and six months ended June 30, 2021. The carrying value of the Bancorp’s private equity investments still held as of June 30, 2022 includes a cumulative $35 million of impairment charges recognized since adoption of the measurement alternative to fair value on January 1, 2018. Fair Value Option The Bancorp elected to measure certain residential mortgage loans held for sale under the fair value option as allowed under U.S. GAAP. Electing to measure residential mortgage loans held for sale at fair value reduces certain timing differences and better matches changes in the value of these assets with changes in the value of derivatives used as economic hedges for these assets. Management’s intent to sell residential mortgage loans classified as held for sale may change over time due to such factors as changes in the overall liquidity in markets or changes in characteristics specific to certain loans held for sale. Consequently, these loans may be reclassified to loans held for investment and maintained in the Bancorp’s loan portfolio. In such cases, the loans will continue to be measured at fair value. Fair value changes recognized in earnings for residential mortgage loans held at June 30, 2022 and 2021 for which the fair value option was elected, as well as the changes in fair value of the underlying IRLCs, included losses of $9 million and gains of $59 million, respectively. These losses and gains are reported in mortgage banking net revenue in the Condensed Consolidated Statements of Income. Valuation adjustments related to instrument-specific credit risk for residential mortgage loans measured at fair value negatively impacted the fair value of those loans by an immaterial amount at both June 30, 2022 and December 31, 2021. Interest on loans measured at fair value is accrued as it is earned using the effective interest method and is reported as interest income in the Condensed Consolidated Statements of Income. The following table summarizes the difference between the fair value and the unpaid principal balance for residential mortgage loans measured at fair value as of: June 30, 2022 ($ in millions) Aggregate Fair Value Aggregate Unpaid Principal Balance Difference Residential mortgage loans measured at fair value $ 1,539 1,530 9 Past due loans of 90 days or more — — — Nonaccrual loans 3 3 — December 31, 2021 Residential mortgage loans measured at fair value $ 1,177 1,149 28 Past due loans of 90 days or more 3 3 — Nonaccrual loans — — — The Bancorp may invest in certain hybrid financial instruments with embe

Business Segments

Business Segments	6 Months Ended
Business Segments	Jun. 30, 2022
Segment Reporting [Abstract]
Business Segments	Business Segments The Bancorp reports on four business segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth and Asset Management. Results of the Bancorp’s business segments are presented based on its management structure and management accounting practices. The structure and accounting practices are specific to the Bancorp; therefore, the financial results of the Bancorp’s business segments are not necessarily comparable with similar information for other financial institutions. The Bancorp refines its methodologies from time to time as management’s accounting practices and businesses change. The Bancorp manages interest rate risk centrally at the corporate level. By employing an FTP methodology, the business segments are insulated from most benchmark interest rate volatility, enabling them to focus on serving customers through the origination of loans and acceptance of deposits. The FTP methodology assigns charge and credit rates to classes of assets and liabilities, respectively, based on the estimated amount and timing of the cash flows for each transaction. Assigning the FTP rate based on matching the duration of cash flows allocates interest income and interest expense to each business segment so its resulting net interest income is insulated from future changes in benchmark interest rates. The Bancorp’s FTP methodology also allocates the contribution to net interest income of the asset-generating and deposit-providing businesses on a duration-adjusted basis to better attribute the driver of the performance. As the asset and liability durations are not perfectly matched, the residual impact of the FTP methodology is captured in General Corporate and Other. The charge and credit rates are determined using the FTP rate curve, which is based on an estimate of Fifth Third’s marginal borrowing cost in the wholesale funding markets. The FTP curve is constructed using the U.S. swap curve, brokered CD pricing and unsecured debt pricing. The Bancorp adjusts the FTP charge and credit rates as dictated by changes in interest rates for various interest-earning assets and interest-bearing liabilities and by the review of behavioral assumptions, such as prepayment rates on interest-earning assets and the estimated durations for indeterminate-lived deposits. Key assumptions, including the credit rates provided for deposit accounts, are reviewed annually. Credit rates for deposit products and charge rates for loan products may be reset more frequently in response to changes in market conditions. The Bancorp’s methodology for allocating provision for credit losses to the business segments includes charges or benefits associated with changes in criticized commercial loan levels in addition to actual net charge-offs experienced by the loans and leases owned by each business segment. Provision for credit losses attributable to loan and lease growth and changes in ALLL factors is captured in General Corporate and Other. The financial results of the business segments include allocations for shared services and headquarters expenses. Additionally, the business segments form synergies by taking advantage of relationship depth opportunities and funding operations by accessing the capital markets as a collective unit. The following is a description of each of the Bancorp’s business segments and the products and services they provide to their respective client bases. Commercial Banking offers credit intermediation, cash management and financial services to large and middle-market businesses and government and professional customers. In addition to the traditional lending and depository offerings, Commercial Banking products and services include global cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing and syndicated finance. Branch Banking provides a full range of deposit and loan products to individuals and small businesses through 1,080 full-service banking centers. Branch Banking offers depository and loan products, such as checking and savings accounts, home equity loans and lines of credit, credit cards and loans for automobiles and other personal financing needs, as well as products designed to meet the specific needs of small businesses, including cash management services. Consumer Lending includes the Bancorp’s residential mortgage, automobile and other indirect lending activities. Residential mortgage activities within Consumer Lending include the origination, retention and servicing of residential mortgage loans, sales and securitizations of those loans and all associated hedging activities. Residential mortgages are primarily originated through a dedicated sales force and through third-party correspondent lenders. Automobile and other indirect lending activities include extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers and marine dealers, in addition to home improvement and solar energy installation loans originated through a network of contractors and installers. Wealth and Asset Management provides a full range of wealth management services for individuals, companies and not-for-profit organizations. Wealth and Asset Management is made up of three main businesses: FTS, an indirect wholly-owned subsidiary of the Bancorp; Fifth Third Private Bank; and Fifth Third Institutional Services. FTS offers full-service retail brokerage services to individual clients and broker-dealer services to the institutional marketplace. Fifth Third Private Bank offers wealth management strategies to high net worth and ultra-high net worth clients through wealth planning, investment management, banking, insurance, trust and estate services. Fifth Third Institutional Services provides advisory services for institutional clients including middle market businesses, non-profits, states and municipalities. The following tables present the results of operations and assets by business segment for the three months ended: June 30, 2022 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 516 554 114 53 102 — 1,339 Provision for credit losses 85 20 4 — 70 — 179 Net interest income after provision for credit losses $ 431 534 110 53 32 — 1,160 Noninterest income: Service charges on deposits $ 92 62 — — — — 154 Wealth and asset management revenue 1 51 — 132 — (44) (a) 140 Commercial banking revenue 136 2 — — (1) — 137 Card and processing revenue 18 83 — 1 3 — 105 Leasing business revenue 56 (c) — — — — — 56 Mortgage banking net revenue — 1 30 — — — 31 Other noninterest income (b) 42 20 3 (1) 21 — 85 Securities losses, net — — — — (32) — (32) Securities losses, net – non-qualifying hedges on MSRs — — — — — — — Total noninterest income $ 345 219 33 132 (9) (44) 676 Noninterest expense: Compensation and benefits $ 142 158 60 56 168 — 584 Technology and communications 2 1 4 — 91 — 98 Net occupancy expense (d) 9 49 2 3 12 — 75 Equipment expense 7 10 — — 19 — 36 Leasing business expense 31 — — — — — 31 Marketing expense 1 12 1 — 14 — 28 Card and processing expense 2 19 — — (1) — 20 Other noninterest expense 224 209 79 78 (306) (44) 240 Total noninterest expense $ 418 458 146 137 (3) (44) 1,112 Income (loss) before income taxes $ 358 295 (3) 48 26 — 724 Applicable income tax expense (benefit) 64 62 (1) 10 27 — 162 Net income (loss) $ 294 233 (2) 38 (1) — 562 Total goodwill $ 1,946 2,302 — 226 452 (e) — 4,926 Total assets $ 80,424 90,520 32,802 13,062 (10,026) (c) — 206,782 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes $1 of impairment charges for bank premises and equipment recorded in Branch Banking. For more information, refer to Note 7 and Note 22. (c) Includes bank premises and equipment of $24 classified as held for sale. For more information, refer to Note 7. (d) Includes $1 of impairment losses and termination charges for ROU assets related to certain operating leases. For more information, refer to Note 9. (e) Due to the timing of a business acquisition, the Bancorp is in the process of completing its analysis of the allocation of the goodwill across its business segments, therefore goodwill is presented as part of General Corporate and Other as of June 30, 2022 . June 30, 2021 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 376 301 142 21 368 — 1,208 (Benefit from) provision for credit losses (151) 25 — — 11 — (115) Net interest income after (benefit from) provision for credit losses $ 527 276 142 21 357 — 1,323 Noninterest income: Service charges on deposits $ 92 57 — — — — 149 Wealth and asset management revenue 1 52 — 138 — (46) (a) 145 Commercial banking revenue 156 3 — 1 — — 160 Card and processing revenue 15 84 — 1 2 — 102 Leasing business revenue 61 — — — — — 61 Mortgage banking net revenue — 3 60 1 — — 64 Other noninterest income (b) 30 25 2 2 (10) — 49 Securities gains, net — — — — 10 — 10 Securities gains, net – non-qualifying hedges on MSRs — — 1 — — — 1 Total noninterest income $ 355 224 63 143 2 (46) 741 Noninterest expense: Compensation and benefits $ 136 158 61 49 234 — 638 Technology and communications 4 1 3 — 86 — 94 Net occupancy expense (c) 8 49 3 4 13 — 77 Equipment expense 7 9 — — 18 — 34 Leasing business expense 33 — — — — — 33 Marketing expense 2 7 1 — 10 — 20 Card and processing expense 2 19 — — (1) — 20 Other noninterest expense 207 207 95 78 (304) (46) 237 Total noninterest expense $ 399 450 163 131 56 (46) 1,153 Income before income taxes $ 483 50 42 33 303 — 911 Applicable income tax expense 90 10 9 7 86 — 202 Net income $ 393 40 33 26 217 — 709 Total goodwill $ 1,981 2,047 — 231 — — 4,259 Total assets $ 68,851 87,646 33,215 10,881 4,797 (d) — 205,390 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $2 recorded in Branch Banking for bank premises and equipment. For more information, refer to Note 7 and Note 22. (c) Includes impairment losses and termination charges of $2 for ROU assets related to certain operating leases. For more information, refer to Note 9. (d) Includes bank premises and equipment of $25 classified as held for sale. For more information, refer to Note 7. The following tables present the results of operations and assets by business segment for the six months ended: June 30, 2022 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 1,006 972 246 88 222 — 2,534 Provision for credit losses 56 39 10 — 119 — 224 Net interest income after provision for credit losses $ 950 933 236 88 103 — 2,310 Noninterest income: Service charges on deposits $ 188 119 — — (1) — 306 Wealth and asset management revenue 1 102 — 274 — (88) (a) 289 Commercial banking revenue 269 4 — — (1) — 272 Card and processing revenue 33 162 — 1 5 — 201 Leasing business revenue 118 (c) — — — — — 118 Mortgage banking net revenue — 3 79 1 — — 83 Other noninterest income (b) 64 44 6 — 24 — 138 Securities losses, net — — — — (47) — (47) Securities losses, net – non-qualifying hedges on MSRs — — (1) — — — (1) Total noninterest income $ 673 434 84 276 (20) (88) 1,359 Noninterest expense: Compensation and benefits $ 310 334 116 116 419 — 1,295 Technology and communications 7 2 6 — 184 — 199 Net occupancy expense (e) 18 95 5 6 28 — 152 Equipment expense 14 18 — — 40 — 72 Leasing business expense 63 — — — — — 63 Marketing expense 2 22 2 1 25 — 52 Card and processing expense 4 36 — — (2) — 38 Other noninterest expense 448 438 160 157 (652) (88) 463 Total noninterest expense $ 866 945 289 280 42 (88) 2,334 Income before income taxes $ 757 422 31 84 41 — 1,335 Applicable income tax expense 137 89 6 18 29 — 279 Net income $ 620 333 25 66 12 — 1,056 Total goodwill $ 1,946 2,302 — 226 452 (f) — 4,926 Total assets $ 80,424 90,520 32,802 13,062 (10,026) (d) — 206,782 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes $1 of impairment charges for bank premises and equipment recorded in Branch Banking. For more information, refer to Note 7 and Note 22. (c) Includes impairment charges of $2 for operating lease equipment. For more information, refer to Note 8 and Note 22. (d) Includes bank premises and equipment of $24 classified as held for sale. For more information, refer to Note 7. (e) Includes $2 of impairment losses and termination charges for ROU assets related to certain operating leases. For more information, refer to Note 9. (f) Due to the timing of a business acquisition, the Bancorp is in the process of completing its analysis of the allocation of the goodwill across its business segments, therefore goodwill is presented as part of General Corporate and Other as of June 30, 2022. June 30, 2021 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 741 596 269 42 737 — 2,385 (Benefit from) provision for credit losses (227) 66 8 (1) (134) — (288) Net interest income after (benefit from) provision for credit losses $ 968 530 261 43 871 — 2,673 Noninterest income: Service charges on deposits $ 181 111 — — — — 292 Wealth and asset management revenue 1 102 — 274 — (89) (a) 288 Commercial banking revenue 307 5 — 1 — — 313 Card and processing revenue 29 161 — 1 5 — 196 Leasing business revenue 148 (c) — — — — — 148 Mortgage banking net revenue — 5 142 2 — — 149 Other noninterest income (b) 42 45 4 3 (2) — 92 Securities gains, net 7 — — — 6 — 13 Securities losses, net – non-qualifying hedges on MSRs — — (1) — — — (1) Total noninterest income $ 715 429 145 281 9 (89) 1,490 Noninterest expense: Compensation and benefits $ 292 328 127 103 493 — 1,343 Technology and communications 7 2 5 — 173 — 187 Net occupancy expense (d) 17 96 5 7 31 — 156 Equipment expense 13 19 — — 36 — 68 Leasing business expense 68 — — — — — 68 Marketing expense 3 15 1 1 23 — 43 Card and processing expense 3 49 — — (2) — 50 Other noninterest expense 416 430 186 156 (645) (89) 454 Total noninterest expense $ 819 939 324 267 109 (89) 2,369 Income before income taxes $ 864 20 82 57 771 — 1,794 Applicable income tax expense 160 4 17 12 198 — 391 Net income $ 704 16 65 45 573 — 1,403 Total goodwill $ 1,981 2,047 — 231 — — 4,259 Total assets $ 68,851 87,646 33,215 10,881 4,797 (e) — 205,390 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $3 and $1 for branches and land recorded in Branch Banking and General Corporate and Other, respectively. For more information, refer to Note 7 and Note 22. (c) Includes impairment charges of $25 for operating lease equipment. For more information, refer to Note 8 and Note 22. (d) Includes impairment losses and termination charges of $2 for ROU assets related to certain operating leases. For more information, refer to Note 9. (e) Includes bank premises and equipment of $25 classified as held for sale. For more information, refer to Note 7.

Subsequent Event

Subsequent Event	6 Months Ended
Subsequent Event	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventOn July 28, 2022, the Bancorp issued and sold $1 billion of fixed-rate/floating-rate senior notes which will mature on July 28, 2030. The senior notes bear a fixed rate interest of 4.772% per annum to, but excluding, July 28, 2029. From, and including July 28, 2029 until, but excluding July 28, 2030, the senior notes will have an interest rate of compounded SOFR plus 2.127%. The Bancorp entered into interest rate swaps designated as fair value hedges to convert the fixed-rate period of the notes to a floating rate of compounded SOFR plus 2.132%. The senior notes are redeemable in whole at par plus accrued and unpaid interest one year prior to its maturity date, or may be wholly or partially redeemed 60 days prior to maturity.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of the Bancorp and its majority-owned subsidiaries and VIEs in which the Bancorp has been determined to be the primary beneficiary. Other entities, including certain joint ventures in which the Bancorp has the ability to exercise significant influence over operating and financial policies of the investee, but upon which the Bancorp does not possess control, are accounted for by the equity method and not consolidated. The investments in those entities in which the Bancorp does not have the ability to exercise significant influence are generally carried at fair value unless the investment does not have a readily determinable fair value. The Bancorp accounts for equity investments without a readily determinable fair value using the measurement alternative to fair value, representing the cost of the investment minus any impairment recorded and plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer. Intercompany transactions and balances among consolidated entities have been eliminated. In the opinion of management, the unaudited Condensed Consolidated Financial Statements include all adjustments, which consist of normal recurring accruals, necessary to present fairly the results for the periods presented. In accordance with U.S. GAAP and the rules and regulations of the SEC for interim financial information, these statements do not include certain information and footnote disclosures required for complete annual financial statements and it is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the Bancorp’s Annual Report on Form 10-K. The results of operations, comprehensive income and changes in equity for the three and six months ended June 30, 2022 and 2021 and the cash flows for the six months ended June 30, 2022 and 2021 are not necessarily indicative of the results to be expected for the full year. Financial information as of December 31, 2021 has been derived from the Bancorp’s Annual Report on Form 10-K. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Standards Adopted in 2022, Significant Accounting Standards Issued but Not Yet Adopted and Reference Rate Reform and LIBOR Transition	Standards Adopted in 2022 The Bancorp adopted the following new accounting standard during the six months ended June 30, 2022: ASU 2020-06 – Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Equity’s Own Equity In August 2020, the FASB issued ASU 2020-06, which simplified the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The Bancorp adopted the amended guidance on January 1, 2022 using the modified retrospective transition method. The adoption did not have a material impact on the Bancorp’s Condensed Consolidated Financial Statements. Significant Accounting Standards Issued but Not Yet Adopted The following significant accounting standards were issued but not yet adopted by the Bancorp as of June 30, 2022: ASU 2021-08 – Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, the FASB issued ASU 2021-08, which provided guidance on the accounting for revenue contracts with customers which are acquired in a business combination. The amendments generally state that an acquirer accounts for an acquired revenue contract with a customer as if it had originated the contract. The amendments also provide certain practical expedients for acquirers when recognizing and measuring acquired contract assets and liabilities. The amended guidance is effective for the Bancorp on January 1, 2023, with early adoption permitted, and is to be applied prospectively to business combinations occurring on or after the adoption date. The amended guidance may be applied retrospectively to the beginning of the fiscal year of adoption if early adopted in an interim period. ASU 2022-01 – Derivatives and Hedging (Topic 815): Fair Value Hedging-Portfolio Layer Method In March 2022, the FASB issued ASU 2022-01, which clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets and renames the last-of-layer method the portfolio layer method. Under current guidance, the last-of-layer method enables an entity to apply fair value hedging to a stated amount of a closed portfolio of prepayable financial assets without having to consider prepayment risk or credit risk when measuring those assets. ASU 2022-01 expands the scope of this guidance to allow entities to apply the portfolio layer method to portfolios of all financial assets, including both prepayable and nonprepayable financial assets. It allows entities to designate multiple layers within a single closed portfolio as individual hedged items. Further, ASU 2022-01 clarifies that the fair value basis adjustments should be adjusted at the portfolio level and should not be allocated to individual assets within the portfolio. The amended guidance is effective for the Bancorp on January 1, 2023 with early adoption permitted. Upon adoption, the Bancorp may designate multiple hedged layers of a single closed portfolio on a prospective basis. The amendments related to the fair value basis adjustments should be applied on a modified retrospective basis by recording a cumulative effect adjustment to retained earnings as of the beginning of the year of adoption. The Bancorp may elect to apply the disclosure requirements prospectively or retrospectively. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements. ASU 2022-02 – Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued ASU 2022-02, which eliminates the accounting guidance on troubled debt restructurings for creditors in ASC 310-40 and requires entities to evaluate all receivable modifications under ASC 310-20 to determine whether a modification made to a borrower results in a new loan or a continuation of the existing loan. The amended guidance adds enhanced disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. The amended guidance also requires disclosure of current period gross charge-offs by year of origination within the vintage disclosures required by ASC 326. The amended guidance is effective for the Bancorp on January 1, 2023 with early adoption permitted. The amendments on TDR disclosures and vintage disclosures should be adopted prospectively. The elimination of the TDR guidance may be adopted either prospectively or using a modified retrospective transition method. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements. ASU 2022-03 – Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions In June 2022, the FASB issued ASU 2022-03, which clarifies the guidance in ASC 820 on the fair value measurement of an equity security that is subject to contractual sale restrictions, stating that such restrictions are not considered part of the unit of account of the security and therefore are not considered in measuring fair value. The amended guidance also requires disclosure of the fair value of equity securities subject to contractual sale restrictions and certain additional information about those restrictions. The amended guidance is effective for the Bancorp on January 1, 2024, with early adoption permitted, and is to be applied prospectively. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements. Reference Rate Reform and LIBOR Transition In March 2020, the FASB issued ASU 2020-04, which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments in the ASU apply only to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
Supplemental Cash Flow Information (Tables)	Jun. 30, 2022
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Noncash Investing and Financing Activities	Cash payments related to interest and income taxes in addition to non-cash investing and financing activities are presented in the following table for the six months ended June 30: ($ in millions) 2022 2021 Cash Payments: Interest $ 205 256 Income taxes 52 336 Transfers: Portfolio loans and leases to loans and leases held for sale $ 73 337 Loans and leases held for sale to portfolio loans and leases 403 20 Portfolio loans and leases to OREO 3 9 Bank premises and equipment to OREO 18 17 Supplemental Disclosures: Net additions to lease liabilities under operating leases $ 77 31 Net additions to lease liabilities under finance leases 15 25

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
Investment Securities (Tables)	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	The following tables provide the amortized cost, unrealized gains and losses and fair value for the major categories of the available-for-sale debt and other securities and held-to-maturity securities portfolios as of: June 30, 2022 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 2,185 — (92) 2,093 Obligations of states and political subdivisions securities 18 — — 18 Mortgage-backed securities: Agency residential mortgage-backed securities 12,603 3 (667) 11,939 Agency commercial mortgage-backed securities 28,742 21 (1,890) 26,873 Non-agency commercial mortgage-backed securities 5,111 — (341) 4,770 Asset-backed securities and other debt securities 6,675 5 (342) 6,338 Other securities (a) 806 — — 806 Total available-for-sale debt and other securities $ 56,140 29 (3,332) 52,837 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 3 — — 3 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 5 — — 5 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdi ngs of $315, $489 and $2, r espectively, at June 30, 2022, that are carried at cost. December 31, 2021 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 85 1 — 86 Obligations of states and political subdivisions securities 18 — — 18 Mortgage-backed securities: Agency residential mortgage-backed securities 8,432 368 (18) 8,782 Agency commercial mortgage-backed securities 18,236 784 (69) 18,951 Non-agency commercial mortgage-backed securities 4,364 128 (13) 4,479 Asset-backed securities and other debt securities 5,287 32 (44) 5,275 Other securities (a) 519 — — 519 Total available-for-sale debt and other securities $ 36,941 1,313 (144) 38,110 Held-to-maturity securities: Obligations of states and political subdivisions securities $ 6 — — 6 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 8 — — 8 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $30, $486 and $3, respectively, at December 31, 2021, that are carried at cost. The following table provides the fair value of trading debt securities and equity securities as of: ($ in millions) June 30, December 31, Trading debt securities $ 293 512 Equity securities 326 376
Realized Gains and Losses Recognized in Income from Investment Securities	The following table presents the components of net securities gains and losses recognized in the Condensed Consolidated Statements of Income, including those recognized related to the Bancorp’s non-qualifying hedging strategy for MSRs: For the three months ended June 30, For the six months ended ($ in millions) 2022 2021 2022 2021 Available-for-sale debt and other securities: Realized gains $ 9 7 12 8 Realized losses (9) — (9) (10) Impairment losses — — — (7) Net realized gains (losses) on available-for-sale debt and other securities $ — 7 3 (9) Trading debt securities: Net realized (losses) gains — 1 (1) (1) Net unrealized gains (losses) — (8) 11 1 Net trading debt securities gains (losses) $ — (7) 10 — Equity securities: Net realized gains — 1 1 4 Net unrealized (losses) gains (32) 10 (62) 17 Net equity securities (losses) gains $ (32) 11 (61) 21 Total (losses) gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (a) $ (32) 11 (48) 12 (a) Excludes $1 and $4 of net securities losses for the three and six months ended June 30, 2022, respectively, and $1 and $3 of net securities losses for the three and six months ended June 30, 2021, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These losses are included in commercial banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income.
Contractual Maturity Schedule	The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of June 30, 2022 are shown in the following table: ($ in millions) Available-for-Sale Debt and Other Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value Debt securities: (a) Due in 1 year or less $ 436 435 — — Due after 1 year through 5 years 11,890 11,538 3 3 Due after 5 years through 10 years 30,490 28,663 — — Due after 10 years 12,518 11,395 2 2 Other securities 806 806 — — Total $ 56,140 52,837 5 5 (a) Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.
Fair Value and Gross Unrealized Loss of Securities Available for Sale	The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of: Less than 12 months 12 months or more Total ($ in millions) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized June 30, 2022 U.S. Treasury and federal agencies securities $ 1,914 (92) — — 1,914 (92) Obligations of states and political subdivisions securities 1 — — — 1 — Agency residential mortgage-backed securities 11,515 (637) 141 (30) 11,656 (667) Agency commercial mortgage-backed securities 23,554 (1,675) 1,037 (215) 24,591 (1,890) Non-agency commercial mortgage-backed securities 4,693 (341) 1 — 4,694 (341) Asset-backed securities and other debt securities 5,374 (330) 480 (12) 5,854 (342) Total $ 47,051 (3,075) 1,659 (257) 48,710 (3,332) December 31, 2021 Agency residential mortgage-backed securities $ 935 (10) 161 (8) 1,096 (18) Agency commercial mortgage-backed securities 2,886 (49) 424 (20) 3,310 (69) Non-agency commercial mortgage-backed securities 1,052 (13) — — 1,052 (13) Asset-backed securities and other debt securities 2,870 (34) 367 (10) 3,237 (44) Total $ 7,743 (106) 952 (38) 8,695 (144)

Loans and Leases (Tables)

Loans and Leases (Tables)	6 Months Ended
Loans and Leases (Tables)	Jun. 30, 2022
Receivables [Abstract]
Loans and Leases Classified by Primary Purpose	The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of: ($ in millions) June 30, December 31, Loans and leases held for sale: Commercial and industrial loans $ 3 7 Commercial mortgage loans — 13 Commercial leases 1 1 Residential mortgage loans 2,538 4,394 Total loans and leases held for sale $ 2,542 4,415 Portfolio loans and leases: Commercial and industrial loans (a) $ 56,095 51,659 Commercial mortgage loans 10,748 10,316 Commercial construction loans 5,357 5,241 Commercial leases 2,850 3,052 Total commercial loans and leases $ 75,050 70,268 Residential mortgage loans $ 17,566 16,397 Home equity 3,906 4,084 Indirect secured consumer loans 17,017 16,783 Credit card 1,763 1,766 Other consumer loans 3,521 2,752 Total consumer loans $ 43,773 41,782 Total portfolio loans and leases $ 118,823 112,050
Total Loans and Leases Owned by the Bancorp	The following table presents a summary of the total loans and leases owned by the Bancorp as of: Carrying Value 90 Days Past Due and Still Accruing (a) ($ in millions) June 30, December 31, June 30, December 31, Commercial and industrial loans $ 56,098 51,666 6 17 Commercial mortgage loans 10,748 10,329 — 1 Commercial construction loans 5,357 5,241 — 1 Commercial leases 2,851 3,053 1 — Residential mortgage loans 20,104 20,791 8 72 Home equity 3,906 4,084 2 1 Indirect secured consumer loans 17,017 16,783 8 9 Credit card 1,763 1,766 13 15 Other consumer loans 3,521 2,752 1 1 Total loans and leases $ 121,365 116,465 39 117 Less: Loans and leases held for sale 2,542 4,415 Total portfolio loans and leases $ 118,823 112,050 (a) Excludes government guaranteed residential mortgage loans. The following table presents a summary of net charge-offs (recoveries): For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Commercial and industrial loans $ 33 13 42 40 Commercial mortgage loans — 6 (1) 8 Commercial construction loans 3 — 3 — Commercial leases — (2) — (2) Residential mortgage loans (1) — (1) (1) Home equity — (1) (1) (1) Indirect secured consumer loans 5 — 13 9 Credit card 14 20 27 45 Other consumer loans 8 8 14 17 Total net charge-offs $ 62 44 96 115
Investment in Lease Financing	The following table presents the components of the net investment in leases as of: ($ in millions) (a) June 30, December 31, 2021 Net investment in direct financing leases: Lease payment receivable (present value) $ 718 886 Unguaranteed residual assets (present value) 135 147 Net premium on acquired leases 1 1 Net investment in sales-type leases: Lease payment receivable (present value) 1,688 1,678 Unguaranteed residual assets (present value) 62 55 (a) Excludes $246 and $285 of leveraged leases at June 30, 2022 and December 31, 2021, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity	The following table presents undiscounted cash flows for both direct financing and sales-type leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows: As of June 30, 2022 ($ in millions) Direct Financing Sales-Type Leases Remainder of 2022 $ 118 266 2023 212 452 2024 152 363 2025 111 305 2026 83 172 2027 45 123 Thereafter 44 131 Total undiscounted cash flows $ 765 1,812 Less: Difference between undiscounted cash flows and discounted cash flows 47 124 Present value of lease payments (recognized as lease receivables) $ 718 1,688

Credit Quality and the Allowa_2

Credit Quality and the Allowance for Loan and Lease Losses (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Summary of Transactions in the ALLL	Allowance for Loan and Lease Losses The following tables summarize transactions in the ALLL by portfolio segment: For the three months ended June 30, 2022 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,110 239 559 1,908 Losses charged off (a) (37) — (53) (90) Recoveries of losses previously charged off (a) 1 1 26 28 Provision for loan and lease losses 91 8 69 168 Balance, end of period $ 1,165 248 601 2,014 (a) The Bancorp recorded $7 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the three months ended June 30, 2021 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,329 247 632 2,208 Losses charged off (a) (45) (1) (57) (103) Recoveries of losses previously charged off (a) 28 1 30 59 Benefit from loan and lease losses (88) (12) (31) (131) Balance, end of period $ 1,224 235 574 2,033 (a) The Bancorp recorded $8 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the six months ended June 30, 2022 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,102 235 555 1,892 Losses charged off (a) (48) (1) (105) (154) Recoveries of losses previously charged off (a) 4 2 52 58 Provision for loan and lease losses 107 12 99 218 Balance, end of period $ 1,165 248 601 2,014 (a) The Bancorp recorded $15 i n both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the six months ended June 30, 2021 ($ in millions) Commercial Residential Mortgage Consumer Total Balance, beginning of period $ 1,456 294 703 2,453 Losses charged off (a) (81) (2) (128) (211) Recoveries of losses previously charged off (a) 35 3 58 96 Benefit from loan and lease losses (186) (60) (59) (305) Balance, end of period $ 1,224 235 574 2,033 (a) The Bancorp recorded $18 in both losses charged off and recoveries of losses previously charged off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment	The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment: As of June 30, 2022 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 65 52 44 161 Collectively evaluated 1,100 196 557 1,853 Total ALLL $ 1,165 248 601 2,014 Portfolio loans and leases: (b) Individually evaluated $ 576 563 310 1,449 Collectively evaluated 74,474 16,870 25,897 117,241 Total portfolio loans and leases $ 75,050 17,433 26,207 118,690 (a) Includes $2 related to commercial leveraged leases at June 30, 2022. (b) Excludes $133 of residential mortgage loans measured at fair value and includes $246 of commercial leveraged leases, net of unearned income at June 30, 2022. As of December 31, 2021 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 77 46 41 164 Collectively evaluated 1,025 189 514 1,728 Total ALLL $ 1,102 235 555 1,892 Portfolio loans and leases: (b) Individually evaluated $ 579 460 313 1,352 Collectively evaluated 69,689 15,783 25,072 110,544 Total portfolio loans and leases $ 70,268 16,243 25,385 111,896 (a) Includes $2 related to commercial leveraged leases at December 31, 2021. (b) Excludes $154 of residential mortgage loans measured at fair value and includes $285 of commercial leveraged leases, net of unearned income at December 31, 2021.
Loan and Leases Balances by Credit Quality Indicator	The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk grade: As of June 30, 2022 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2022 2021 2020 2019 2018 Prior Total Commercial and industrial loans: Pass $ 2,282 4,003 1,443 717 407 680 43,532 — 53,064 Special mention 21 41 53 90 44 24 680 — 953 Substandard 52 61 46 19 10 188 1,682 — 2,058 Doubtful — — — — — — 20 — 20 Total commercial and industrial loans $ 2,355 4,105 1,542 826 461 892 45,914 — 56,095 Commercial mortgage owner-occupied loans: Pass $ 738 926 597 302 228 373 1,394 — 4,558 Special mention 9 54 19 50 15 4 77 — 228 Substandard 18 7 49 39 22 55 87 — 277 Doubtful — — — — — — — — — Total commercial mortgage owner- occupied loans $ 765 987 665 391 265 432 1,558 — 5,063 Commercial mortgage nonowner-occupied loans: Pass $ 693 488 587 569 261 257 2,046 — 4,901 Special mention 4 72 2 7 — 15 212 — 312 Substandard 76 150 18 4 3 10 211 — 472 Doubtful — — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 773 710 607 580 264 282 2,469 — 5,685 Commercial construction loans: Pass $ 60 24 93 12 36 7 4,656 — 4,888 Special mention — — — — — — 177 — 177 Substandard — — — — — 2 290 — 292 Doubtful — — — — — — — — — Total commercial construction loans $ 60 24 93 12 36 9 5,123 — 5,357 Commercial leases: Pass $ 258 794 363 235 185 875 — — 2,710 Special mention — 19 7 7 19 43 — — 95 Substandard — 6 3 8 12 16 — — 45 Doubtful — — — — — — — — — Total commercial leases $ 258 819 373 250 216 934 — — 2,850 Total commercial loans and leases: Pass $ 4,031 6,235 3,083 1,835 1,117 2,192 51,628 — 70,121 Special mention 34 186 81 154 78 86 1,146 — 1,765 Substandard 146 224 116 70 47 271 2,270 — 3,144 Doubtful — — — — — — 20 — 20 Total commercial loans and leases $ 4,211 6,645 3,280 2,059 1,242 2,549 55,064 — 75,050 As of December 31, 2021 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2021 2020 2019 2018 2017 Prior Total Commercial and industrial loans: Pass $ 4,266 2,291 1,198 552 356 752 39,486 — 48,901 Special mention 37 22 12 29 22 5 665 — 792 Substandard 19 52 36 69 52 115 1,623 — 1,966 Doubtful — — — — — — — — — Total commercial and industrial loans $ 4,322 2,365 1,246 650 430 872 41,774 — 51,659 Commercial mortgage owner-occupied loans: Pass $ 1,082 804 471 296 183 331 1,141 — 4,308 Special mention — 31 46 17 2 40 69 — 205 Substandard 22 38 3 12 3 27 91 — 196 Doubtful — — — — — — — — — Total commercial mortgage owner-occupied loans $ 1,104 873 520 325 188 398 1,301 — 4,709 Commercial mortgage nonowner-occupied loans: Pass $ 635 733 595 284 141 302 1,977 — 4,667 Special mention 89 12 11 5 7 9 162 — 295 Substandard 160 78 4 3 9 3 388 — 645 Doubtful — — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 884 823 610 292 157 314 2,527 — 5,607 Commercial construction loans: Pass $ 50 69 11 37 — 9 4,488 — 4,664 Special mention — 39 — — — — 193 — 232 Substandard 17 — — — — — 328 — 345 Doubtful — — — — — — — — — Total commercial construction loans $ 67 108 11 37 — 9 5,009 — 5,241 Commercial leases: Pass $ 1,019 436 284 231 233 776 — — 2,979 Special mention 4 4 5 9 — 8 — — 30 Substandard 7 3 8 10 13 2 — — 43 Doubtful — — — — — — — — — Total commercial leases $ 1,030 443 297 250 246 786 — — 3,052 Total commercial loans and leases: Pass $ 7,052 4,333 2,559 1,400 913 2,170 47,092 — 65,519 Special mention 130 108 74 60 31 62 1,089 — 1,554 Substandard 225 171 51 94 77 147 2,430 — 3,195 Doubtful — — — — — — — — — Total commercial loans and leases $ 7,407 4,612 2,684 1,554 1,021 2,379 50,611 — 70,268 The following tables present the amortized cost basis of the Bancorp’s residential mortgage and consumer portfolio segments, by class and vintage, disaggregated by both age and performing versus nonperforming status: As of June 30, 2022 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2022 2021 2020 2019 2018 Prior Total Residential mortgage loans: Performing: Current (a) $ 2,264 5,648 3,134 1,123 380 4,757 — — 17,306 30-89 days past due — — 1 1 2 12 — — 16 90 days or more past due — — — 1 — 7 — — 8 Total performing 2,264 5,648 3,135 1,125 382 4,776 — — 17,330 Nonperforming — 1 3 3 5 91 — — 103 Total residential mortgage loans (b) $ 2,264 5,649 3,138 1,128 387 4,867 — — 17,433 Home equity: Performing: Current $ 4 2 5 10 14 98 3,663 14 3,810 30-89 days past due — — — — — 2 20 — 22 90 days or more past due — — — — — 2 — — 2 Total performing 4 2 5 10 14 102 3,683 14 3,834 Nonperforming — — — — — 8 63 1 72 Total home equity $ 4 2 5 10 14 110 3,746 15 3,906 Indirect secured consumer loans: Performing: Current $ 3,868 7,092 3,295 1,641 617 377 — — 16,890 30-89 days past due 10 32 21 20 12 6 — — 101 90 days or more past due 1 2 2 1 1 1 — — 8 Total performing 3,879 7,126 3,318 1,662 630 384 — — 16,999 Nonperforming — 1 7 4 3 3 — — 18 Total indirect secured consumer loans $ 3,879 7,127 3,325 1,666 633 387 — — 17,017 Credit card: Performing: Current $ — — — — — — 1,710 — 1,710 30-89 days past due — — — — — — 17 — 17 90 days or more past due — — — — — — 13 — 13 Total performing — — — — — — 1,740 — 1,740 Nonperforming — — — — — — 23 — 23 Total credit card $ — — — — — — 1,763 — 1,763 Other consumer loans: Performing: Current $ 847 691 435 218 142 174 974 19 3,500 30-89 days past due 1 4 2 2 2 2 4 1 18 90 days or more past due — — — 1 — — — — 1 Total performing 848 695 437 221 144 176 978 20 3,519 Nonperforming — — — — — 1 1 — 2 Total other consumer loans $ 848 695 437 221 144 177 979 20 3,521 Total residential mortgage and consumer loans: Performing: Current $ 6,983 13,433 6,869 2,992 1,153 5,406 6,347 33 43,216 30-89 days past due 11 36 24 23 16 22 41 1 174 90 days or more past due 1 2 2 3 1 10 13 — 32 Total performing 6,995 13,471 6,895 3,018 1,170 5,438 6,401 34 43,422 Nonperforming — 2 10 7 8 103 87 1 218 Total residential mortgage and consumer loans (b) $ 6,995 13,473 6,905 3,025 1,178 5,541 6,488 35 43,640 (a) Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of June 30, 2022, $71 of these loans were 30-89 days past due and $150 were 90 days or more past due. The Bancorp recognized $1 of losses during both the three and six months ended June 30, 2022 due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $133 of residential mortgage loans measured at fair value at June 30, 2022. As of December 31, 2021 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2021 2020 2019 2018 2017 Prior Total Residential mortgage loans: Performing: Current (a) $ 5,886 3,309 1,294 418 954 4,261 — — 16,122 30-89 days past due 1 1 1 1 1 13 — — 18 90 days or more past due — 2 4 3 9 52 — — 70 Total performing 5,887 3,312 1,299 422 964 4,326 — — 16,210 Nonperforming — — 1 — 2 30 — — 33 Total residential mortgage loans (b) $ 5,887 3,312 1,300 422 966 4,356 — — 16,243 Home equity: Performing: Current $ 2 6 13 18 2 113 3,815 12 3,981 30-89 days past due — — — — — 3 22 — 25 90 days or more past due — — — — — 1 — — 1 Total performing 2 6 13 18 2 117 3,837 12 4,007 Nonperforming — — — — — 9 67 1 77 Total home equity $ 2 6 13 18 2 126 3,904 13 4,084 Indirect secured consumer loans: Performing: Current $ 8,732 4,206 2,221 902 389 194 — — 16,644 30-89 days past due 26 24 25 17 8 3 — — 103 90 days or more past due 2 2 2 2 1 — — — 9 Total performing 8,760 4,232 2,248 921 398 197 — — 16,756 Nonperforming — 12 5 5 3 2 — — 27 Total indirect secured consumer loans $ 8,760 4,244 2,253 926 401 199 — — 16,783 Credit card: Performing: Current $ — — — — — — 1,710 — 1,710 30-89 days past due — — — — — — 18 — 18 90 days or more past due — — — — — — 15 — 15 Total performing — — — — — — 1,743 — 1,743 Nonperforming — — — — — — 23 — 23 Total credit card $ — — — — — — 1,766 — 1,766 Other consumer loans: Performing: Current $ 692 530 275 174 105 47 913 — 2,736 30-89 days past due 3 2 3 2 1 — 2 1 14 90 days or more past due — — 1 — — — — — 1 Total performing 695 532 279 176 106 47 915 1 2,751 Nonperforming — — — — — — 1 — 1 Total other consumer loans $ 695 532 279 176 106 47 916 1 2,752 Total residential mortgage and consumer loans: Performing: Current $ 15,312 8,051 3,803 1,512 1,450 4,615 6,438 12 41,193 30-89 days past due 30 27 29 20 10 19 42 1 178 90 days or more past due 2 4 7 5 10 53 15 — 96 Total performing 15,344 8,082 3,839 1,537 1,470 4,687 6,495 13 41,467 Nonperforming — 12 6 5 5 41 91 1 161 Total residential mortgage and consumer loans (b) $ 15,344 8,094 3,845 1,542 1,475 4,728 6,586 14 41,628 (a) Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of December 31, 2021, $49 of these loans were 30-89 days past due and $139 were 90 days or more past due. The Bancorp recognized an immaterial amount and $1 of losses during the three and six months ended June 30, 2021 due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $154 of residential mortgage loans measured at fair value at December 31, 2021.
Summary by Age and Class of the Recorded Investment in Delinquencies Included in the Bancorp's Portfolio of Loans and Leases	The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class: Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of June 30, 2022 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans (b) $ 55,952 105 38 143 56,095 6 Commercial mortgage owner-occupied loans 5,050 11 2 13 5,063 — Commercial mortgage nonowner-occupied loans 5,685 — — — 5,685 — Commercial construction loans 5,356 — 1 1 5,357 — Commercial leases 2,842 5 3 8 2,850 1 Total portfolio commercial loans and leases $ 74,885 121 44 165 75,050 7 (a) Includes accrual and nonaccrual loans and leases. (b) Includes loans related to the SBA’s Paycheck Protection Program of which $16 were 30-89 days past due and $5 were 90 days or more past due. Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of December 31, 2021 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans (b) $ 51,549 61 49 110 51,659 17 Commercial mortgage owner-occupied loans 4,701 4 4 8 4,709 1 Commercial mortgage nonowner-occupied loans 5,606 — 1 1 5,607 — Commercial construction loans 5,241 — — — 5,241 1 Commercial leases 3,035 16 1 17 3,052 — Total portfolio commercial loans and leases $ 70,132 81 55 136 70,268 19 (a) Includes accrual and nonaccrual loans and leases. (b) Includes loans related to the SBA’s Paycheck Protection Program, of which $20 were 30-89 days past due and $6 were 90 days or more past due.
Summary of the Amortized Cost Basis of the Bancorp's Collateral Dependent Loans	The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of: ($ in millions) June 30, December 31, Commercial loans and leases: Commercial and industrial loans $ 476 467 Commercial mortgage owner-occupied loans 13 22 Commercial mortgage nonowner-occupied loans 29 31 Commercial construction loans 53 56 Commercial leases 5 3 Total commercial loans and leases $ 576 579 Residential mortgage loans 59 60 Consumer loans: Home equity 52 58 Indirect secured consumer loans 6 8 Total consumer loans $ 58 66 Total portfolio loans and leases $ 693 705
Summary of the Bancorp's Nonperforming Loans and Leases by Class	The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of: June 30, 2022 December 31, 2021 ($ in millions) With an ALLL No Related Total With an ALLL No Related Total Commercial loans and leases: Commercial and industrial loans $ 164 104 268 151 128 279 Commercial mortgage owner-occupied loans 10 10 20 10 13 23 Commercial mortgage nonowner-occupied loans 25 — 25 22 3 25 Commercial construction loans 1 3 4 6 — 6 Commercial leases — 2 2 3 1 4 Total nonaccrual portfolio commercial loans and leases $ 200 119 319 192 145 337 Residential mortgage loans 61 44 105 14 19 33 Consumer loans: Home equity 50 22 72 53 24 77 Indirect secured consumer loans 14 4 18 21 6 27 Credit card 23 — 23 23 — 23 Other consumer loans 2 — 2 1 — 1 Total nonaccrual portfolio consumer loans $ 89 26 115 98 30 128 Total nonaccrual portfolio loans and leases (a)(b) $ 350 189 539 304 194 498 OREO and other repossessed property — 20 20 — 29 29 Total nonperforming portfolio assets (a)(b) $ 350 209 559 304 223 527 (a) Excludes an immaterial amount and $15 of nonaccrual loans held for sale as of June 30, 2022 and December 31, 2021, respectively. (b) Includes $15 and $26 of nonaccrual government insured commercial loans whose repayments are insured by the SBA as of June 30, 2022 and December 31, 2021, respectively, of which $9 and $11 are restructured nonaccrual government insured commercial loans as of June 30, 2022 and December 31, 2021, respectively.
Summary of Loans Modified in a TDR	The following tables provide a summary of portfolio loans, by class, modified in a TDR by the Bancorp during the three months ended: June 30, 2022 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 20 $ 74 — — Commercial mortgage owner-occupied loans 1 — — — Commercial mortgage nonowner-occupied loans 3 23 — — Commercial construction loans 2 4 (3) — Residential mortgage loans 478 73 4 — Consumer loans: Home equity 72 3 (1) — Indirect secured consumer loans 777 14 1 — Credit card 1,193 6 3 — Total portfolio loans 2,546 $ 197 4 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. June 30, 2021 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 7 $ 25 — — Residential mortgage loans 124 23 1 — Consumer loans: Home equity 39 2 — — Indirect secured consumer loans 450 8 — — Credit card 1,373 8 1 — Total portfolio loans 1,993 $ 66 2 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. The following tables provide a summary of loans and leases, by class, modified in a TDR by the Bancorp during the six months ended: June 30, 2022 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 50 $ 165 13 — Commercial mortgage owner-occupied loans 6 4 (1) — Commercial mortgage nonowner-occupied loans 3 23 — — Commercial construction loans 2 4 (3) — Residential mortgage loans 738 115 7 — Consumer loans: Home equity 124 10 (2) — Indirect secured consumer loans 2,051 41 1 — Credit card 2,314 12 5 — Total portfolio loans 5,288 $ 374 20 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR. June 30, 2021 ($ in millions) Number of Loans Modified in a TDR During the Period (a) Amortized Cost Basis Increase Charge-offs Commercial loans: Commercial and industrial loans 26 $ 31 1 — Commercial mortgage owner-occupied loans 1 4 — — Commercial mortgage nonowner-occupied loans 3 25 — — Residential mortgage loans 302 59 2 — Consumer loans: Home equity 97 5 (1) — Indirect secured consumer loans 2,193 51 1 — Credit card 3,168 18 4 — Total portfolio loans 5,790 $ 193 7 — (a) Represents number of loans post-modification and excludes loans previously modified in a TDR.
Summary of Subsequent Defaults	The following tables provide a summary of TDRs that subsequently defaulted during the three months ended June 30, 2022 and 2021 and were within 12 months of the restructuring date: June 30, 2022 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 1 $ — Commercial construction loans 1 2 Residential mortgage loans 77 10 Consumer loans: Home equity 8 — Indirect secured consumer loans 34 1 Credit card 67 — Total portfolio loans 188 $ 13 (a) Excludes all loans held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. June 30, 2021 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 1 $ — Residential mortgage loans 16 2 Consumer loans: Home equity 5 — Indirect secured consumer loans 32 — Credit card 11 — Total portfolio loans 65 $ 2 (a) Excludes all loans held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. The following tables provide a summary of TDRs that subsequently defaulted during the six months ended June 30, 2022 and 2021 and were within 12 months of the restructuring date: June 30, 2022 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 7 $ — Commercial construction loans 1 2 Residential mortgage loans 106 13 Consumer loans: Home equity 15 1 Indirect secured consumer loans 59 1 Credit card 172 1 Total portfolio loans 360 $ 18 (a) Excludes all loans held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool. June 30, 2021 ($ in millions) (a) Number of Amortized Commercial loans: Commercial and industrial loans 1 $ — Commercial mortgage nonowner-occupied loans 1 25 Residential mortgage loans 51 7 Consumer loans: Home equity 17 1 Indirect secured consumer loans 58 1 Credit card 34 — Total portfolio loans 162 $ 34 (a) Excludes all loans held for sale and loans acquired with deteriorated credit quality which were accounted for within a pool.

Bank Premises and Equipment (Ta

Bank Premises and Equipment (Tables)	6 Months Ended
Bank Premises and Equipment (Tables)	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Summary of Bank Premises and Equipment	The following table provides a summary of bank premises and equipment as of: ($ in millions) June 30, December 31, Equipment $ 2,422 2,392 Buildings (a) 1,660 1,668 Land and improvements (a) 648 645 Leasehold improvements 526 517 Construction in progress (a) 93 84 Bank premises and equipment held for sale: Land and improvements 18 18 Buildings 6 6 Accumulated depreciation and amortization (3,255) (3,210) Total bank premises and equipment $ 2,118 2,120 (a) Buildings, land and improvements and construction in progress included $33 and $39 associated with parcels of undeveloped land intended for future branch expansion at June 30, 2022 and December 31, 2021, respectively.

Operating Lease Equipment (Tabl

Operating Lease Equipment (Tables)	6 Months Ended
Operating Lease Equipment (Tables)	Jun. 30, 2022
Leases [Abstract]
Future Lease Payments Receivable from Operating Leases	The following table presents future lease payments receivable from operating leases for the remainder of 2022 through 2027 and thereafter: As of June 30, 2022 ($ in millions) Undiscounted Remainder of 2022 $ 69 2023 119 2024 83 2025 57 2026 35 2027 15 Thereafter 19 Total operating lease payments $ 397

Lease Obligations - Lessee (Tab

Lease Obligations - Lessee (Tables)	6 Months Ended
Lease Obligations - Lessee (Tables)	Jun. 30, 2022
Leases [Abstract]
Lease Assets and Lease Liabilities	The following table provides a summary of lease assets and lease liabilities as of: ($ in millions) Condensed Consolidated Balance Sheets Caption June 30, December 31, Assets Operating lease right-of-use assets Other assets $ 469 427 Finance lease right-of-use assets Bank premises and equipment 151 145 Total right-of-use assets (a) $ 620 572 Liabilities Operating lease liabilities Accrued taxes, interest and expenses $ 561 520 Finance lease liabilities Long-term debt 154 149 Total lease liabilities $ 715 669 (a) Operating and finance lease right-of-use assets are recorded net of accumulated amortization of $227 and $56, respectively, as of June 30, 2022, and $198 and $47, respectively, as of December 31, 2021.
Components of Lease Costs, Weighted-Average Lease Term and Discount Rate	The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the six months ended 2022 2021 2022 2021 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 5 4 9 9 Interest on lease liabilities Interest on long-term debt 1 1 2 2 Total finance lease costs $ 6 5 11 11 Operating lease cost Net occupancy expense $ 21 19 40 39 Short-term lease cost Net occupancy expense — — 1 1 Variable lease cost Net occupancy expense 7 8 14 16 Sublease income Net occupancy expense (1) — (1) (1) Total operating lease costs $ 27 27 54 55 Total lease costs $ 33 32 65 66 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: June 30, December 31, Weighted-average remaining lease term (years): Operating leases 9.83 8.92 Finance leases 15.30 14.70 Weighted-average discount rate: Operating leases 2.93 % 2.88 Finance leases 2.81 2.74 The following table presents information related to lease transactions for the six months ended June 30: ($ in millions) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 44 44 Operating cash flows from finance leases 2 2 Financing cash flows from finance leases 10 9 Gains on sale-leaseback transactions 4 2 (a) The cash flows related to the short-term and variable lease payments are not included in the amounts in the table as they were not included in the measurement of lease liabilities.
Undiscounted Cash Flows for Operating Leases	The following table presents undiscounted cash flows for both operating leases and finance leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of June 30, 2022 ($ in millions) Operating Finance Total Remainder of 2022 $ 46 10 56 2023 86 19 105 2024 78 19 97 2025 70 13 83 2026 61 8 69 2027 54 8 62 Thereafter 259 119 378 Total undiscounted cash flows $ 654 196 850 Less: Difference between undiscounted cash flows and discounted cash flows 93 42 135 Present value of lease liabilities $ 561 154 715
Undiscounted Cash Flows for Finance Leases	The following table presents undiscounted cash flows for both operating leases and finance leases for the remainder of 2022 through 2027 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of June 30, 2022 ($ in millions) Operating Finance Total Remainder of 2022 $ 46 10 56 2023 86 19 105 2024 78 19 97 2025 70 13 83 2026 61 8 69 2027 54 8 62 Thereafter 259 119 378 Total undiscounted cash flows $ 654 196 850 Less: Difference between undiscounted cash flows and discounted cash flows 93 42 135 Present value of lease liabilities $ 561 154 715

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
Goodwill (Tables)	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the Net Carrying Amount of Goodwill by Reporting Segment	Changes in the net carrying amount of goodwill, by reporting unit, for the six months ended June 30, 2022 and the year ended December 31, 2021 were as follows: ($ in millions) Commercial Branch Consumer Wealth General Total Goodwill $ 2,730 2,047 215 231 — 5,223 Accumulated impairment losses (750) — (215) — — (965) Net carrying value as of December 31, 2020 $ 1,980 2,047 — 231 — 4,258 Acquisition activity — 256 — — — 256 Net carrying value as of December 31, 2021 $ 1,980 2,303 — 231 — 4,514 Acquisition activity — (1) — — 452 (a) 451 Sale of businesses (34) — — (5) — (39) Net carrying value as of June 30, 2022 $ 1,946 2,302 — 226 452 4,926 (a) Due to the timing of a business acquisition, the Bancorp is in the process of completing its analysis of the allocation of the goodwill across its business segments, therefore goodwill is presented as part of General Corporate and Other as of June 30, 2022.

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
Intangible Assets (Tables)	Jun. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	The details of the Bancorp’s intangible assets are shown in the following table: ($ in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount As of June 30, 2022 Core deposit intangibles $ 229 (168) 61 Developed technology 106 (8) 98 Customer relationships 30 (6) 24 Operating leases 9 (8) 1 Other 14 (4) 10 Total intangible assets $ 388 (194) 194 As of December 31, 2021 Core deposit intangibles $ 229 (153) 76 Developed technology 62 (3) 59 Customer relationships 25 (7) 18 Operating leases 11 (9) 2 Other 4 (3) 1 Total intangible assets $ 331 (175) 156
Estimated Amortization Expense	Estimated amortization expense for the remainder of 2022 through 2026 is as follows: ($ in millions) Total Remainder of 2022 $ 25 2023 43 2024 35 2025 28 2026 22

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
Variable Interest Entities (Tables)	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation of VIEs	The following table provides a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets for the consolidated VIE as of: ($ in millions) June 30, December 31, Assets: Other short-term investments $ 21 24 Indirect secured consumer loans 219 322 Other consumer loans 48 — ALLL (3) (2) Other assets 2 2 Total assets $ 287 346 Liabilities: Other liabilities $ 10 1 Long-term debt 200 263 Total liabilities $ 210 264
Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses	The following tables provide a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets related to non-consolidated VIEs for which the Bancorp holds an interest, but is not the primary beneficiary of the VIE, as well as the Bancorp’s maximum exposure to losses associated with its interests in the entities as of: June 30, 2022 ($ in millions) Total Total Maximum CDC investments $ 1,730 582 1,730 Private equity investments 165 — 301 Loans provided to VIEs 3,807 — 5,548 Lease pool entities 66 — 66 Solar loan securitizations 11 — 11 December 31, 2021 ($ in millions) Total Total Maximum CDC investments $ 1,705 580 1,705 Private equity investments 133 — 257 Loans provided to VIEs 3,386 — 4,873 Lease pool entities 68 — 68
Investments in Qualified Affordable Housing Tax Credits	The following table summarizes the impact to the Condensed Consolidated Statements of Income related to these investments: Condensed Consolidated Statements of Income Caption (a) For the three months ended June 30, For the six months ended June 30, ($ in millions) 2022 2021 2022 2021 Proportional amortization Applicable income tax expense $ 42 43 77 87 Tax credits and other benefits Applicable income tax expense (50) (50) (91) (101) (a) The Bancorp did not recognize impairment losses resulting from the forfeiture or ineligibility of tax credits or other circumstances during both the three and six months ended June 30, 2022 and 2021.

Sales of Receivables and Serv_2

Sales of Receivables and Servicing Rights (Tables)	6 Months Ended
Sales of Receivables and Servicing Rights (Tables)	Jun. 30, 2022
Transfers and Servicing [Abstract]
Activity Related to Mortgage Banking Net Revenue	Information related to residential mortgage loan sales and the Bancorp’s mortgage banking activity, which is included in mortgage banking net revenue in the Condensed Consolidated Statements of Income, is as follows: For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Residential mortgage loan sales (a) $ 3,103 4,416 6,502 7,626 Origination fees and gains on loan sales 23 81 49 170 Gross mortgage servicing fees 81 59 149 117 (a) Represents the unpaid principal balance at the time of the sale.
Changes in Servicing Assets	The following table presents changes in the servicing rights related to residential mortgage loans for the six months ended June 30: ($ in millions) 2022 2021 Balance, beginning of period $ 1,121 656 Servicing rights originated 101 103 Servicing rights purchased 191 109 Changes in fair value: Due to changes in inputs or assumptions (a) 275 103 Other changes in fair value (b) (106) (153) Balance, end of period $ 1,582 818 (a) Primarily reflects changes in prepayment speed and OAS assumptions which are updated based on market interest rates. (b) Primarily reflects changes due to realized cash flows and the passage of time.
Activity Related to the MSR Portfolio	The following table presents activity related to valuations of the MSR portfolio and the impact of the non-qualifying hedging strategy: For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Securities (losses) gains, net – non-qualifying hedges on mortgage servicing rights $ — 1 (1) (1) Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio (a) (103) 46 (284) (88) MSR fair value adjustment due to changes in inputs or assumptions (a) 84 (49) 275 103 (a) Included in mortgage banking net revenue in the Condensed Consolidated Statements of Income.
Servicing Assets and Residual Interests Economic Assumptions	The key economic assumptions used in measuring the servicing rights related to residential mortgage loans that continued to be held by the Bancorp at the date of sale, securitization or purchase resulting from transactions completed during the three months ended June 30, 2022 and 2021 were as follows: June 30, 2022 June 30, 2021 Weighted- Prepayment OAS Weighted- Prepayment OAS Fixed-rate 7.6 8.4 % 795 5.9 12.3 % 610 Adjustable-rate 2.9 27.3 789 — — —
Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions	At June 30, 2022, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows: ($ in millions) (a) Prepayment OAS Fair Value Weighted- Impact of Adverse Change OAS Impact of Adverse Change on Fair Value Rate 10% 20% 50% 10% 20% Fixed-rate $ 1,576 9.0 5.3 % $ (36) (68) (152) 796 $ (51) (98) Adjustable-rate 6 4.9 20.3 (1) (1) (2) 1,204 — — (a) The impact of the weighted-average default rate on the current fair value of residual cash flows for all scenarios is immaterial.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
Derivative Financial Instruments (Tables)	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of: Fair Value June 30, 2022 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 2,955 175 47 Total fair value hedges 175 47 Cash flow hedges: Interest rate floors related to C&I loans 3,000 22 — Interest rate swaps related to C&I loans 18,000 4 13 Interest rate swaps related to commercial mortgage and commercial construction loans 4,000 — 26 Total cash flow hedges 26 39 Total derivatives designated as qualifying hedging instruments 201 86 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives - risk management and other business purposes: Interest rate contracts related to MSR portfolio 3,875 77 18 Forward contracts related to residential mortgage loans held for sale (b) 2,381 11 9 Swap associated with the sale of Visa, Inc. Class B Shares 3,196 — 199 Foreign exchange contracts 176 3 — Interest-only strips 50 4 — Interest rate contracts for collateral management 12,000 2 1 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 97 227 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 77,211 510 992 Interest rate lock commitments 916 12 1 Commodity contracts 15,160 2,783 2,591 TBA securities 75 — — Foreign exchange contracts 25,127 532 482 Total free-standing derivatives – customer accommodation 3,837 4,066 Total derivatives not designated as qualifying hedging instruments 3,934 4,293 Total $ 4,135 4,379 (a) Derivative assets and liabilities are presented net of variation margin of $494 and $25, respectively. (b) Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments. Fair Value December 31, 2021 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 1,955 393 2 Interest rate swaps related to available-for-sale debt and other securities 445 7 — Total fair value hedges 400 2 Cash flow hedges: Interest rate floors related to C&I loans 3,000 122 — Interest rate swaps related to C&I loans 8,000 — 1 Interest rate swaps related to commercial mortgage and commercial construction loans 4,000 — — Total cash flow hedges 122 1 Total derivatives designated as qualifying hedging instruments 522 3 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives – risk management and other business purposes: Interest rate contracts related to MSR portfolio 6,260 140 — Forward contracts related to residential mortgage loans held for sale (b) 1,952 2 2 Swap associated with the sale of Visa, Inc. Class B Shares 3,545 — 214 Foreign exchange contracts 158 — 1 Interest rate contracts for collateral management 12,000 5 4 Interest rate contracts for LIBOR transition 2,372 — — Total free-standing derivatives – risk management and other business purposes 147 221 Free-standing derivatives – customer accommodation: Interest rate contracts (a) 76,061 578 232 Interest rate lock commitments 673 12 — Commodity contracts 12,376 1,326 1,260 TBA securities 55 — — Foreign exchange contracts 23,148 323 297 Total free-standing derivatives – customer accommodation 2,239 1,789 Total derivatives not designated as qualifying hedging instruments 2,386 2,010 Total $ 2,908 2,013 (a) Derivative assets and liabilities are presented net of variation margin of $104 and $472, respectively. (b) Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments.
Net Gains (Losses) Recognized in the Income Statement Related to Derivatives in Fair Value Hedging Relationships	The following table reflects the changes in fair value of interest rate contracts, designated as fair value hedges and the changes in fair value of the related hedged items attributable to the risk being hedged, as well as the line items in the Condensed Consolidated Statements of Income in which the corresponding gains or losses are recorded: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Long-term debt: Change in fair value of interest rate swaps hedging long-term debt Interest on long-term debt $ (111) 46 (263) (99) Change in fair value of hedged long-term debt attributable to the risk being hedged Interest on long-term debt 111 (46) 263 99 Available-for-sale debt and other securities: Change in fair value of interest rate swaps hedging available-for-sale debt and other securities Interest on securities — — 8 — Change in fair value of hedged available-for-sale debt and other securities attributable to the risk being hedged Interest on securities — — (8) — The following amounts were recorded in the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of: ($ in millions) Condensed Consolidated June 30, December 31, Long-term debt: Carrying amount of the hedged items Long-term debt $ 3,072 2,339 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Long-term debt 133 396 Available-for-sale debt and other securities: Carrying amount of the hedged items (a) Available-for-sale debt and other securities — 465 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Available-for-sale debt and other securities — (8) Cumulative amount of fair value hedging adjustments remaining for hedged items for which hedge accounting has been discontinued Available-for-sale debt and other securities (15) — (a) The carrying amount represents the amortized cost basis of the hedged items (which excludes unrealized gains and losses) plus the fair value hedging adjustments.
Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges	The following table presents the pre-tax net (losses) gains recorded in the Condensed Consolidated Statements of Income and in the Condensed Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges: For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Amount of pre-tax net (losses) gains recognized in OCI $ 2 11 (405) (70) Amount of pre-tax net gains reclassified from OCI into net income 58 73 136 146
Schedule of Price Risk Derivatives	The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Interest rate contracts: Forward contracts related to residential mortgage loans held for sale Mortgage banking net revenue $ (31) (58) 2 9 Interest rate contracts related to MSR portfolio Mortgage banking net revenue (103) 46 (284) (88) Foreign exchange contracts: Foreign exchange contracts for risk management purposes Other noninterest income 5 (3) 3 (5) Equity contracts: Swap associated with sale of Visa, Inc. Class B Shares Other noninterest income (18) (37) (29) (50)
Risk Ratings of the Notional Amount of Risk Participation Agreements	Risk ratings of the notional amount of risk participation agreements under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 3,687 3,733 Special mention — 13 Substandard 34 34 Total $ 3,721 3,780
Net Gains (Losses) Recognized in the Income Statement Related to Free-Standing Derivative Instruments Used For Customer Accommodation	The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table: Condensed Consolidated For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Interest rate contracts: Interest rate contracts for customers (contract revenue) Commercial banking revenue $ 10 12 26 19 Interest rate contracts for customers (credit portion of fair value adjustment) Other noninterest expense 3 1 9 16 Interest rate lock commitments Mortgage banking net revenue 11 57 11 89 Commodity contracts: Commodity contracts for customers (contract revenue) Commercial banking revenue 9 6 18 11 Commodity contracts for customers (credit portion of fair value adjustment) Other noninterest expense (1) (1) (2) — Foreign exchange contracts: Foreign exchange contracts for customers (contract revenue) Commercial banking revenue 20 16 36 30 Foreign exchange contracts for customers (contract revenue) Other noninterest income 8 (2) 10 (1) Foreign exchange contracts for customers (credit portion of fair value adjustment) Other noninterest expense (2) — (2) —
Offsetting Derivative Financial Instruments	The following table provides a summary of offsetting derivative financial instruments: Gross Amount Recognized in the Condensed Consolidated Balance Sheets (a) Gross Amounts Not Offset in the Derivatives Collateral (b) Net Amount As of June 30, 2022 Derivative assets $ 4,123 (1,587) (475) 2,061 Derivative liabilities 4,378 (1,587) (1,195) 1,596 As of December 31, 2021 Derivative assets $ 2,896 (837) (548) 1,511 Derivative liabilities 2,013 (837) (712) 464 (a) Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements. (b) Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Condensed Consolidated Balance Sheets were excluded from this table.

Other Short-Term Borrowings (Ta

Other Short-Term Borrowings (Tables)	6 Months Ended
Other Short-Term Borrowings (Tables)	Jun. 30, 2022
Short-Term Debt [Abstract]
Summary of Other Short-Term Borrowings	The following table presents a summary of the Bancorp’s other short-term borrowings as of: ($ in millions) June 30, December 31, FHLB advances $ 6,250 — Securities sold under repurchase agreements 449 544 Derivative collateral 358 436 Total other short-term borrowings $ 7,057 980

Commitments, Contingent Liabi_2

Commitments, Contingent Liabilities and Guarantees (Tables)	6 Months Ended
Commitments, Contingent Liabilities and Guarantees (Tables)	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Summary of Significant Commitments	The following table reflects a summary of significant commitments as of: ($ in millions) June 30, December 31, Commitments to extend credit $ 81,093 80,641 Forward contracts related to residential mortgage loans held for sale 2,381 1,952 Letters of credit 2,053 1,953 Capital commitments for private equity investments 136 124 Purchase obligations 135 160 Capital expenditures 82 78
Credit Risk Associated with Commitments	Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 79,286 78,298 Special mention 658 1,058 Substandard 1,149 1,285 Total commitments to extend credit $ 81,093 80,641
Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party	Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and expire as summarized in the following table as of June 30, 2022: ($ in millions) Less than 1 year (a) $ 992 1 - 5 years (a) 1,060 Over 5 years 1 Total letters of credit $ 2,053 (a) Includes $1 and $3 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire in less than 1 year and between 1 - 5 years, respectively.
Credit Risk Associated with Letters of Credit	Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of: ($ in millions) June 30, December 31, Pass $ 1,877 1,778 Special mention 41 40 Substandard 135 135 Total letters of credit $ 2,053 1,953
Visa Funding and Bancorp Cash Payments	After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows: Period ($ in millions) Visa Bancorp Cash Q2 2010 $ 500 20 Q4 2010 800 35 Q2 2011 400 19 Q1 2012 1,565 75 Q3 2012 150 6 Q3 2014 450 18 Q2 2018 600 26 Q3 2019 300 12 Q4 2021 250 11 Q2 2022 600 (a) (a) The Bancorp made a cash payment of $25 million to the swap counterparty on July 15, 2022 as a result of the Visa escrow funding in the second quarter of 2022.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
Accumulated Other Comprehensive Income (Tables)	Jun. 30, 2022
Equity [Abstract]
Activity of the Components of Other Comprehensive Income and Accumulated Other Comprehensive Income	The tables below present the activity of the components of OCI and AOCI for the three months ended: Total OCI Total AOCI June 30, 2022 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding losses on available-for-sale debt securities arising during period $ (1,964) 458 (1,506) Reclassification adjustment for net gains on available-for-sale debt securities included in net income — — — Net unrealized losses on available-for-sale debt securities (1,964) 458 (1,506) (1,040) (1,506) (2,546) Unrealized holding gains on cash flow hedge derivatives arising during period 2 — 2 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (58) 13 (45) Net unrealized losses on cash flow hedge derivatives (56) 13 (43) (20) (43) (63) Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 2 — 2 Defined benefit pension plans, net 1 — 1 (32) 1 (31) Other — — — (4) — (4) Total $ (2,019) 471 (1,548) (1,096) (1,548) (2,644) Total OCI Total AOCI June 30, 2021 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding gains on available-for-sale debt securities arising during period $ 306 (71) 235 Reclassification adjustment for net gains on available-for-sale debt securities included in net income (7) 2 (5) Net unrealized gains on available-for-sale debt securities 299 (69) 230 1,242 230 1,472 Unrealized holding gains on cash flow hedge derivatives arising during period 11 (2) 9 Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (73) 15 (58) Net unrealized gains on cash flow hedge derivatives (62) 13 (49) 597 (49) 548 Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 3 (1) 2 Defined benefit pension plans, net 2 (1) 1 (43) 1 (42) Other — — — (4) — (4) Total $ 239 (57) 182 1,792 182 1,974 The tables below present the activity of the components of OCI and AOCI for the six months ended: Total OCI Total AOCI June 30, 2022 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding losses on available-for-sale debt securities arising during period $ (4,469) 1,034 (3,435) Reclassification adjustment for net gains on available-for-sale debt securities included in net income (3) 1 (2) Net unrealized losses on available-for-sale debt securities (4,472) 1,035 (3,437) 891 (3,437) (2,546) Unrealized holding losses on cash flow hedge derivatives arising during period (405) 95 (310) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (136) 30 (106) Net unrealized losses on cash flow hedge derivatives (541) 125 (416) 353 (416) (63) Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 3 — 3 Defined benefit pension plans, net 2 — 2 (33) 2 (31) Other — — — (4) — (4) Total $ (5,011) 1,160 (3,851) 1,207 (3,851) (2,644) Total OCI Total AOCI June 30, 2021 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding losses on available-for-sale debt securities arising during period $ (609) 143 (466) Reclassification adjustment for net losses on available-for-sale debt securities included in net income 9 (2) 7 Net unrealized gains on available-for-sale debt securities (600) 141 (459) 1,931 (459) 1,472 Unrealized holding losses on cash flow hedge derivatives arising during period (70) 15 (55) Reclassification adjustment for net gains on cash flow hedge derivatives included in net income (146) 31 (115) Net unrealized gains on cash flow hedge derivatives (216) 46 (170) 718 (170) 548 Net actuarial loss arising during the year (1) — (1) Reclassification of amounts to net periodic benefit costs 4 (1) 3 Defined benefit pension plans, net 3 (1) 2 (44) 2 (42) Other — — — (4) — (4) Total $ (813) 186 (627) 2,601 (627) 1,974
Reclassification Out of Accumulated Other Comprehensive Income to Net Income	The table below presents reclassifications out of AOCI: Condensed Consolidated Statements of Income Caption For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Net unrealized (losses) gains on available-for-sale debt securities: (b) Net gains (losses) included in net income Securities (losses) gains, net $ — 7 3 (9) Income before income taxes — 7 3 (9) Applicable income tax expense — (2) (1) 2 Net income — 5 2 (7) Net unrealized (losses) gains on cash flow hedge derivatives: (b) Interest rate contracts related to C&I, commercial mortgage and commercial construction loans Interest and fees on loans and leases 58 73 136 146 Income before income taxes 58 73 136 146 Applicable income tax expense (13) (15) (30) (31) Net income 45 58 106 115 Net periodic benefit costs: (b) Amortization of net actuarial loss Compensation and benefits (a) (1) (2) (2) (3) Settlements Compensation and benefits (a) (1) (1) (1) (1) Income before income taxes (2) (3) (3) (4) Applicable income tax expense — 1 — 1 Net income (2) (2) (3) (3) Total reclassifications for the period Net income $ 43 61 105 105 (a) This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 22 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2021 for further information. (b) Amounts in parentheses indicate reductions to net income.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	The following tables provide the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share: 2022 2021 For the three months ended June 30, (in millions, except per share data) Income Average Per Share Income Average Per Share Earnings Per Share: Net income available to common shareholders $ 526 $ 674 Less: Income allocated to participating securities 1 1 Net income allocated to common shareholders $ 525 689 $ 0.76 $ 673 709 $ 0.95 Earnings Per Diluted Share: Net income available to common shareholders $ 526 $ 674 Effect of dilutive securities: Stock-based awards — 6 — 9 Net income available to common shareholders plus assumed conversions $ 526 $ 674 Less: Income allocated to participating securities 1 1 Net income allocated to common shareholders plus assumed conversions $ 525 695 $ 0.76 $ 673 718 $ 0.94 2022 2021 For the six months ended June 30, (in millions, except per share data) Income Average Shares Per Share Amount Income Average Shares Per Share Amount Earnings Per Share: Net income available to common shareholders $ 1,000 $ 1,348 Less: Income allocated to participating securities 1 4 Net income allocated to common shareholders $ 999 688 $ 1.45 $ 1,344 712 $ 1.89 Earnings Per Diluted Share: Net income available to common shareholders $ 1,000 $ 1,348 Effect of dilutive securities: Stock-based awards — 8 — 9 Net income available to common shareholders plus assumed conversions $ 1,000 $ 1,348 Less: Income allocated to participating securities 1 4 Net income allocated to common shareholders plus assumed conversions $ 999 696 $ 1.44 $ 1,344 721 $ 1.87

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables summarize assets and liabilities measured at fair value on a recurring basis as of: Fair Value Measurements Using June 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 2,093 — — 2,093 Obligations of states and political subdivisions securities — 18 — 18 Mortgage-backed securities: Agency residential mortgage-backed securities — 11,939 — 11,939 Agency commercial mortgage-backed securities — 26,873 — 26,873 Non-agency commercial mortgage-backed securities — 4,770 — 4,770 Asset-backed securities and other debt securities — 6,338 — 6,338 Available-for-sale debt and other securities (a) 2,093 49,938 — 52,031 Trading debt securities: U.S. Treasury and federal agencies securities 9 21 — 30 Obligations of states and political subdivisions securities — 25 — 25 Agency residential mortgage-backed securities — 15 — 15 Asset-backed securities and other debt securities — 223 — 223 Trading debt securities 9 284 — 293 Equity securities 316 10 — 326 Residential mortgage loans held for sale — 1,406 — 1,406 Residential mortgage loans (b) — — 133 133 Servicing rights — — 1,582 1,582 Derivative assets: Interest rate contracts 11 789 17 817 Foreign exchange contracts — 535 — 535 Commodity contracts 49 2,734 — 2,783 Derivative assets (c) 60 4,058 17 4,135 Total assets $ 2,478 55,696 1,732 59,906 Liabilities: Derivative liabilities: Interest rate contracts $ 9 1,089 9 1,107 Foreign exchange contracts — 482 — 482 Equity contracts — — 199 199 Commodity contracts 519 2,072 — 2,591 Derivative liabilities (d) 528 3,643 208 4,379 Short positions: U.S. Treasury and federal agencies securities 62 — — 62 Asset-backed securities and other debt securities — 141 — 141 Short positions (d) 62 141 — 203 Total liabilities $ 590 3,784 208 4,582 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $315, $489 and $2, respectively, at June 30, 2022. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets. Fair Value Measurements Using December 31, 2021 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 86 — — 86 Obligations of states and political subdivisions securities — 18 — 18 Mortgage-backed securities: Agency residential mortgage-backed securities — 8,782 — 8,782 Agency commercial mortgage-backed securities — 18,951 — 18,951 Non-agency commercial mortgage-backed securities — 4,479 — 4,479 Asset-backed securities and other debt securities — 5,275 — 5,275 Available-for-sale debt and other securities (a) 86 37,505 — 37,591 Trading debt securities: U.S. Treasury and federal agencies securities 72 12 — 84 Obligations of states and political subdivisions securities — 32 — 32 Agency residential mortgage-backed securities — 105 — 105 Asset-backed securities and other debt securities — 291 — 291 Trading debt securities 72 440 — 512 Equity securities 365 11 — 376 Residential mortgage loans held for sale — 1,023 — 1,023 Residential mortgage loans (b) — — 154 154 Servicing rights — — 1,121 1,121 Derivative assets: Interest rate contracts 2 1,245 12 1,259 Foreign exchange contracts — 323 — 323 Commodity contracts 26 1,300 — 1,326 Derivative assets (c) 28 2,868 12 2,908 Total assets $ 551 41,847 1,287 43,685 Liabilities: Derivative liabilities: Interest rate contracts $ 2 231 8 241 Foreign exchange contracts — 298 — 298 Equity contracts — — 214 214 Commodity contracts 285 975 — 1,260 Derivative liabilities (d) 287 1,504 222 2,013 Short positions: U.S. Treasury and federal agencies securities 96 — — 96 Asset-backed securities and other debt securities — 201 — 201 Short positions (d) 96 201 — 297 Total liabilities $ 383 1,705 222 2,310 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $30, $486 and $3, respectively, at December 31, 2021. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs	The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended June 30, 2022 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 145 1,444 (2) (198) 1,389 Total gains (losses) (realized/unrealized): (b) Included in earnings (7) 32 12 (18) 19 Purchases/originations/acquisitions — 106 4 — 110 Settlements (6) — (6) 17 5 Transfers into Level 3 (c) 1 — — — 1 Balance, end of period $ 133 1,582 8 (199) 1,524 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2022 $ (7) 65 12 (18) 52 (a) Net interest rate derivatives include derivative assets and liabilities of $17 and $9, respectively, as of June 30, 2022. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2022. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended June 30, 2021 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 153 784 30 (195) 772 Total (losses) gains (realized/unrealized): (b) Included in earnings — (122) 57 (37) (102) Purchases/originations — 156 — — 156 Settlements (12) — (56) 19 (49) Transfers into Level 3 (c) 10 — — — 10 Balance, end of period $ 151 818 31 (213) 787 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2021 $ — (56) 37 (37) (56) (a) Net interest rate derivatives include derivative assets and liabilities of $39 and $8, respectively, as of June 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the six months ended June 30, 2022 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 154 1,121 4 (214) 1,065 Total gains (losses) (realized/unrealized): (b) Included in earnings (13) 169 13 (29) 140 Purchases/originations/acquisitions — 292 2 — 294 Settlements (15) — (11) 44 18 Transfers into Level 3 (c) 7 — — — 7 Balance, end of period $ 133 1,582 8 (199) 1,524 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2022 $ (13) 267 13 (29) 238 (a) Net interest rate derivatives include derivative assets and liabilities of $17 and $9, respectively, as of June 30, 2022. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2022. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the six months ended June 30, 2021 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 161 656 53 (201) 669 Total (losses) gains (realized/unrealized): (b) Included in earnings (1) (50) 91 (50) (10) Purchases/originations — 212 (1) — 211 Settlements (29) — (112) 38 (103) Transfers into Level 3 (c) 20 — — — 20 Balance, end of period $ 151 818 31 (213) 787 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at June 30, 2021 $ (1) 69 40 (50) 58 (a) Net interest rate derivatives include derivative assets and liabilities of $39 and $8, respectively, as of June 30, 2021. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2021. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
Total Gains and Losses Included in Earnings for Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs	The total gains and losses included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Mortgage banking net revenue $ 36 (66) 167 39 Commercial banking revenue 1 1 2 1 Other noninterest income (18) (37) (29) (50) Total gains (losses) $ 19 (102) 140 (10) The total gains and losses included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at June 30, 2022 and 2021 were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the six months ended ($ in millions) 2022 2021 2022 2021 Mortgage banking net revenue $ 69 (20) 265 107 Commercial banking revenue 1 1 2 1 Other noninterest income (18) (37) (29) (50) Total gains (losses) $ 52 (56) 238 58
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Input, Recurring	The following tables present information as of June 30, 2022 and 2021 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a recurring basis: As of June 30, 2022 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 133 Loss rate model Interest rate risk factor (19.2) - 4.4% (8.3) % (a) Credit risk factor — - 23.3% 0.2 % (a) (Fixed) 5.3 % (b) Servicing rights 1,582 DCF Prepayment speed — - 100% (Adjustable) 20.3 % (b) (Fixed) 796 (b) OAS (bps) 615 - 1,513 (Adjustable) 1,204 (b) IRLCs, net 11 DCF Loan closing rates 34.5 - 98.5% 86.9 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (199) DCF Timing of the resolution Q3 2023 - Q3 2026 Q4 2024 (d) (a) Unobservable inputs were weighted by the relative carrying value of the instruments. (b) Unobservable inputs were weighted by the relative unpaid principal balance of the instruments. (c) Unobservable inputs were weighted by the relative notional amount of the instruments. (d) Unobservable inputs were weighted by the probability of the final funding date of the instruments. As of June 30, 2021 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 151 Loss rate model Interest rate risk factor (9.2) - 9.0 % 1.1 % (a) Credit risk factor — - 24.8 % 0.5 % (a) (Fixed) 14.5 % (b) Servicing rights 818 DCF Prepayment speed — - 100.0 % (Adjustable) 21.6 % (b) (Fixed) 542 (b) OAS (bps) 406 - 1,587 (Adjustable) 978 (b) IRLCs, net 39 DCF Loan closing rates 10.0 - 97.2 % 76.5 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (213) DCF Timing of the resolution Q1 2023 - Q1 2025 Q4 2023 (d) (a) Unobservable inputs were weighted by the relative carrying value of the instruments. (b) Unobservable inputs were weighted by the relative unpaid principal balance of the instruments. (c) Unobservable inputs were weighted by the relative notional amount of the instruments. (d) Unobservable inputs were weighted by the probability of the final funding date of the instruments.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis	The following tables provide the fair value hierarchy and carrying amount of all assets that were held as of June 30, 2022 and 2021, and for which a nonrecurring fair value adjustment was recorded during the three and six months ended June 30, 2022 and 2021, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period. Fair Value Measurements Using Total (Losses) Gains As of June 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended June 30, 2022 For the six months ended June 30, 2022 Commercial loans and leases $ — — 180 180 (15) (47) Consumer and residential mortgage loans — — 115 115 — — OREO — — 2 2 — 1 Bank premises and equipment — — 2 2 (1) (1) Operating lease equipment — — 5 5 — (2) Private equity investments — 9 — 9 (1) (7) Total $ — 9 304 313 (17) (56) Fair Value Measurements Using Total (Losses) Gains As of June 30, 2021 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended June 30, 2021 For the six months ended June 30, 2021 Commercial loans held for sale $ — — 2 2 — 1 Commercial loans and leases — — 313 313 (39) (44) Consumer and residential mortgage loans — — 140 140 1 (1) OREO — — 6 6 — (6) Bank premises and equipment — — 7 7 (1) (2) Operating lease equipment — — 34 34 — (25) Private equity investments — 1 — 1 — — Total $ — 1 502 503 (39) (77)
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Input, Nonrecurring	The following tables present information as of June 30, 2022 and 2021 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured on a nonrecurring basis: As of June 30, 2022 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans and leases $ 180 Appraised value Collateral value NM NM Consumer and residential mortgage loans 115 Appraised value Collateral value NM NM OREO 2 Appraised value Appraised value NM NM Bank premises and equipment 2 Appraised value Appraised value NM NM Operating lease equipment 5 Appraised value Appraised value NM NM As of June 30, 2021 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans held for sale $ 2 Comparable company analysis Market comparable transactions NM NM Commercial loans and leases 313 Appraised value Collateral value NM NM Consumer and residential mortgage loans 140 Appraised value Collateral value NM NM OREO 6 Appraised value Appraised value NM NM Bank premises and equipment 7 Appraised value Appraised value NM NM Operating lease equipment 34 Appraised value Appraised value NM NM
Difference Between the Fair Value and the Unpaid Principal Balance for Loans	The following table summarizes the difference between the fair value and the unpaid principal balance for residential mortgage loans measured at fair value as of: June 30, 2022 ($ in millions) Aggregate Fair Value Aggregate Unpaid Principal Balance Difference Residential mortgage loans measured at fair value $ 1,539 1,530 9 Past due loans of 90 days or more — — — Nonaccrual loans 3 3 — December 31, 2021 Residential mortgage loans measured at fair value $ 1,177 1,149 28 Past due loans of 90 days or more 3 3 — Nonaccrual loans — — —
Carrying Amounts and Estimated Fair Values for Certain Financial Instruments	The following tables summarize the carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments measured at fair value on a recurring basis: Net Carrying Fair Value Measurements Using Total As of June 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 3,437 3,437 — — 3,437 Other short-term investments 7,419 7,419 — — 7,419 Other securities 806 — 806 — 806 Held-to-maturity securities 5 — — 5 5 Loans and leases held for sale 1,136 — — 1,144 1,144 Portfolio loans and leases: Commercial loans and leases 73,885 — — 73,863 73,863 Consumer and residential mortgage loans 42,791 — — 42,252 42,252 Total portfolio loans and leases, net $ 116,676 — — 116,115 116,115 Financial liabilities: Deposits $ 161,174 — 161,134 — 161,134 Federal funds purchased 711 711 — — 711 Other short-term borrowings 7,057 — 7,050 — 7,050 Long-term debt 10,857 10,470 411 — 10,881 Net Carrying Fair Value Measurements Using Total As of December 31, 2021 ($ in millions) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 2,994 2,994 — — 2,994 Other short-term investments 34,572 34,572 — — 34,572 Other securities 519 — 519 — 519 Held-to-maturity securities 8 — — 8 8 Loans and leases held for sale 3,392 — — 3,405 3,405 Portfolio loans and leases: Commercial loans and leases 69,166 — — 69,924 69,924 Consumer and residential mortgage loans 40,838 — — 41,632 41,632 Total portfolio loans and leases, net $ 110,004 — — 111,556 111,556 Financial liabilities: Deposits $ 169,324 — 169,316 — 169,316 Federal funds purchased 281 281 — — 281 Other short-term borrowings 980 — 980 — 980 Long-term debt 11,425 12,091 387 — 12,478

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
Business Segments (Tables)	Jun. 30, 2022
Segment Reporting [Abstract]
Results of Operations and Assets by Segment	The following tables present the results of operations and assets by business segment for the three months ended: June 30, 2022 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 516 554 114 53 102 — 1,339 Provision for credit losses 85 20 4 — 70 — 179 Net interest income after provision for credit losses $ 431 534 110 53 32 — 1,160 Noninterest income: Service charges on deposits $ 92 62 — — — — 154 Wealth and asset management revenue 1 51 — 132 — (44) (a) 140 Commercial banking revenue 136 2 — — (1) — 137 Card and processing revenue 18 83 — 1 3 — 105 Leasing business revenue 56 (c) — — — — — 56 Mortgage banking net revenue — 1 30 — — — 31 Other noninterest income (b) 42 20 3 (1) 21 — 85 Securities losses, net — — — — (32) — (32) Securities losses, net – non-qualifying hedges on MSRs — — — — — — — Total noninterest income $ 345 219 33 132 (9) (44) 676 Noninterest expense: Compensation and benefits $ 142 158 60 56 168 — 584 Technology and communications 2 1 4 — 91 — 98 Net occupancy expense (d) 9 49 2 3 12 — 75 Equipment expense 7 10 — — 19 — 36 Leasing business expense 31 — — — — — 31 Marketing expense 1 12 1 — 14 — 28 Card and processing expense 2 19 — — (1) — 20 Other noninterest expense 224 209 79 78 (306) (44) 240 Total noninterest expense $ 418 458 146 137 (3) (44) 1,112 Income (loss) before income taxes $ 358 295 (3) 48 26 — 724 Applicable income tax expense (benefit) 64 62 (1) 10 27 — 162 Net income (loss) $ 294 233 (2) 38 (1) — 562 Total goodwill $ 1,946 2,302 — 226 452 (e) — 4,926 Total assets $ 80,424 90,520 32,802 13,062 (10,026) (c) — 206,782 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes $1 of impairment charges for bank premises and equipment recorded in Branch Banking. For more information, refer to Note 7 and Note 22. (c) Includes bank premises and equipment of $24 classified as held for sale. For more information, refer to Note 7. (d) Includes $1 of impairment losses and termination charges for ROU assets related to certain operating leases. For more information, refer to Note 9. (e) Due to the timing of a business acquisition, the Bancorp is in the process of completing its analysis of the allocation of the goodwill across its business segments, therefore goodwill is presented as part of General Corporate and Other as of June 30, 2022 . June 30, 2021 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 376 301 142 21 368 — 1,208 (Benefit from) provision for credit losses (151) 25 — — 11 — (115) Net interest income after (benefit from) provision for credit losses $ 527 276 142 21 357 — 1,323 Noninterest income: Service charges on deposits $ 92 57 — — — — 149 Wealth and asset management revenue 1 52 — 138 — (46) (a) 145 Commercial banking revenue 156 3 — 1 — — 160 Card and processing revenue 15 84 — 1 2 — 102 Leasing business revenue 61 — — — — — 61 Mortgage banking net revenue — 3 60 1 — — 64 Other noninterest income (b) 30 25 2 2 (10) — 49 Securities gains, net — — — — 10 — 10 Securities gains, net – non-qualifying hedges on MSRs — — 1 — — — 1 Total noninterest income $ 355 224 63 143 2 (46) 741 Noninterest expense: Compensation and benefits $ 136 158 61 49 234 — 638 Technology and communications 4 1 3 — 86 — 94 Net occupancy expense (c) 8 49 3 4 13 — 77 Equipment expense 7 9 — — 18 — 34 Leasing business expense 33 — — — — — 33 Marketing expense 2 7 1 — 10 — 20 Card and processing expense 2 19 — — (1) — 20 Other noninterest expense 207 207 95 78 (304) (46) 237 Total noninterest expense $ 399 450 163 131 56 (46) 1,153 Income before income taxes $ 483 50 42 33 303 — 911 Applicable income tax expense 90 10 9 7 86 — 202 Net income $ 393 40 33 26 217 — 709 Total goodwill $ 1,981 2,047 — 231 — — 4,259 Total assets $ 68,851 87,646 33,215 10,881 4,797 (d) — 205,390 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $2 recorded in Branch Banking for bank premises and equipment. For more information, refer to Note 7 and Note 22. (c) Includes impairment losses and termination charges of $2 for ROU assets related to certain operating leases. For more information, refer to Note 9. (d) Includes bank premises and equipment of $25 classified as held for sale. For more information, refer to Note 7. The following tables present the results of operations and assets by business segment for the six months ended: June 30, 2022 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 1,006 972 246 88 222 — 2,534 Provision for credit losses 56 39 10 — 119 — 224 Net interest income after provision for credit losses $ 950 933 236 88 103 — 2,310 Noninterest income: Service charges on deposits $ 188 119 — — (1) — 306 Wealth and asset management revenue 1 102 — 274 — (88) (a) 289 Commercial banking revenue 269 4 — — (1) — 272 Card and processing revenue 33 162 — 1 5 — 201 Leasing business revenue 118 (c) — — — — — 118 Mortgage banking net revenue — 3 79 1 — — 83 Other noninterest income (b) 64 44 6 — 24 — 138 Securities losses, net — — — — (47) — (47) Securities losses, net – non-qualifying hedges on MSRs — — (1) — — — (1) Total noninterest income $ 673 434 84 276 (20) (88) 1,359 Noninterest expense: Compensation and benefits $ 310 334 116 116 419 — 1,295 Technology and communications 7 2 6 — 184 — 199 Net occupancy expense (e) 18 95 5 6 28 — 152 Equipment expense 14 18 — — 40 — 72 Leasing business expense 63 — — — — — 63 Marketing expense 2 22 2 1 25 — 52 Card and processing expense 4 36 — — (2) — 38 Other noninterest expense 448 438 160 157 (652) (88) 463 Total noninterest expense $ 866 945 289 280 42 (88) 2,334 Income before income taxes $ 757 422 31 84 41 — 1,335 Applicable income tax expense 137 89 6 18 29 — 279 Net income $ 620 333 25 66 12 — 1,056 Total goodwill $ 1,946 2,302 — 226 452 (f) — 4,926 Total assets $ 80,424 90,520 32,802 13,062 (10,026) (d) — 206,782 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes $1 of impairment charges for bank premises and equipment recorded in Branch Banking. For more information, refer to Note 7 and Note 22. (c) Includes impairment charges of $2 for operating lease equipment. For more information, refer to Note 8 and Note 22. (d) Includes bank premises and equipment of $24 classified as held for sale. For more information, refer to Note 7. (e) Includes $2 of impairment losses and termination charges for ROU assets related to certain operating leases. For more information, refer to Note 9. (f) Due to the timing of a business acquisition, the Bancorp is in the process of completing its analysis of the allocation of the goodwill across its business segments, therefore goodwill is presented as part of General Corporate and Other as of June 30, 2022. June 30, 2021 ($ in millions) Commercial Branch Consumer Wealth General Eliminations Total Net interest income $ 741 596 269 42 737 — 2,385 (Benefit from) provision for credit losses (227) 66 8 (1) (134) — (288) Net interest income after (benefit from) provision for credit losses $ 968 530 261 43 871 — 2,673 Noninterest income: Service charges on deposits $ 181 111 — — — — 292 Wealth and asset management revenue 1 102 — 274 — (89) (a) 288 Commercial banking revenue 307 5 — 1 — — 313 Card and processing revenue 29 161 — 1 5 — 196 Leasing business revenue 148 (c) — — — — — 148 Mortgage banking net revenue — 5 142 2 — — 149 Other noninterest income (b) 42 45 4 3 (2) — 92 Securities gains, net 7 — — — 6 — 13 Securities losses, net – non-qualifying hedges on MSRs — — (1) — — — (1) Total noninterest income $ 715 429 145 281 9 (89) 1,490 Noninterest expense: Compensation and benefits $ 292 328 127 103 493 — 1,343 Technology and communications 7 2 5 — 173 — 187 Net occupancy expense (d) 17 96 5 7 31 — 156 Equipment expense 13 19 — — 36 — 68 Leasing business expense 68 — — — — — 68 Marketing expense 3 15 1 1 23 — 43 Card and processing expense 3 49 — — (2) — 50 Other noninterest expense 416 430 186 156 (645) (89) 454 Total noninterest expense $ 819 939 324 267 109 (89) 2,369 Income before income taxes $ 864 20 82 57 771 — 1,794 Applicable income tax expense 160 4 17 12 198 — 391 Net income $ 704 16 65 45 573 — 1,403 Total goodwill $ 1,981 2,047 — 231 — — 4,259 Total assets $ 68,851 87,646 33,215 10,881 4,797 (e) — 205,390 (a) Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income. (b) Includes impairment charges of $3 and $1 for branches and land recorded in Branch Banking and General Corporate and Other, respectively. For more information, refer to Note 7 and Note 22. (c) Includes impairment charges of $25 for operating lease equipment. For more information, refer to Note 8 and Note 22. (d) Includes impairment losses and termination charges of $2 for ROU assets related to certain operating leases. For more information, refer to Note 9. (e) Includes bank premises and equipment of $25 classified as held for sale. For more information, refer to Note 7.

Supplemental Cash Flow (Details

Supplemental Cash Flow (Details) - USD ($) $ in Millions	6 Months Ended
Supplemental Cash Flow (Details) - USD ($) $ in Millions	Jun. 30, 2022	Jun. 30, 2021
Cash Payments:
Interest	$ 205	$ 256
Income taxes	52	336
Transfers:
Portfolio loans and leases to loans and leases held for sale	73	337
Loans and leases held for sale to portfolio loans and leases	403	20
Portfolio loans and leases to OREO	3	9
Bank premises and equipment to OREO	18	17
Supplemental Disclosures:
Net additions to lease liabilities under operating leases	77	31
Net additions to lease liabilities under finance leases	$ 15	$ 25

Investment Securities - Investm

Investment Securities - Investment Securities (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Available-for-sale debt and other securities:
Amortized Cost		$ 56,140	$ 36,941
Unrealized Gains		29	1,313
Unrealized Losses		(3,332)	(144)
Fair Value	[1]	52,837	38,110
Held-to-maturity securities:
Amortized Cost		5	8
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		5	8
Trading debt securities		293	512
Equity securities		326	376
U.S. Treasury and federal agencies securities
Available-for-sale debt and other securities:
Amortized Cost		2,185	85
Unrealized Gains		0	1
Unrealized Losses		(92)	0
Fair Value		2,093	86
Obligations of states and political subdivisions securities
Available-for-sale debt and other securities:
Amortized Cost		18	18
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		18	18
Held-to-maturity securities:
Amortized Cost		3	6
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		3	6
Agency mortgage-backed securities \| Residential mortgage backed securities
Available-for-sale debt and other securities:
Amortized Cost		12,603	8,432
Unrealized Gains		3	368
Unrealized Losses		(667)	(18)
Fair Value		11,939	8,782
Agency mortgage-backed securities \| Commercial mortgage-backed securities
Available-for-sale debt and other securities:
Amortized Cost		28,742	18,236
Unrealized Gains		21	784
Unrealized Losses		(1,890)	(69)
Fair Value		26,873	18,951
Non-agency mortgage-backed securities \| Commercial mortgage-backed securities
Available-for-sale debt and other securities:
Amortized Cost		5,111	4,364
Unrealized Gains		0	128
Unrealized Losses		(341)	(13)
Fair Value		4,770	4,479
Asset-backed securities and other debt securities
Available-for-sale debt and other securities:
Amortized Cost		6,675	5,287
Unrealized Gains		5	32
Unrealized Losses		(342)	(44)
Fair Value		6,338	5,275
Held-to-maturity securities:
Amortized Cost		2	2
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		2	2
Other securities
Available-for-sale debt and other securities:
Amortized Cost		806	519
Unrealized Gains		0	0
Unrealized Losses		0	0
Fair Value		806	519
FHLB, restricted stock holdings		315	30
FRB, restricted stock holdings		489	486
DTCC, restricted stock holdings		$ 2	$ 3

[1]Amortized cost of $56,140 and $36,941 at June 30, 2022 and December 31, 2021, respectively.

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Accrued interest receivables on investment securities	$ 120			$ 120		$ 82
Impairment losses	0	$ 0	$ 7	0	$ 7
Securities with a fair value, pledged as collateral	10,200			10,200		11,200
Investment Holdings [Line Items]
Unrealized losses	3,332			3,332		144
Non-rated Securities
Investment Holdings [Line Items]
Unrealized losses	$ 34			$ 34		$ 2

Investment Securities - Gains a

Investment Securities - Gains and Losses Recognized in Income from Securities (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Available-for-sale debt and other securities:
Realized gains	$ 9	$ 7		$ 12	$ 8
Realized losses	(9)	0		(9)	(10)
Impairment losses	0	0	$ (7)	0	(7)
Net realized gains (losses) on available-for-sale debt and other securities	0	7		3	(9)
Trading debt securities:
Net realized (losses) gains	0	1		(1)	(1)
Net unrealized gains (losses)	0	(8)		11	1
Net trading debt securities gains (losses)	0	(7)		10	0
Equity securities:
Net realized gains	0	1		1	4
Net unrealized (losses) gains	(32)	10		(62)	17
Net equity securities (losses) gains	(32)	11		(61)	21
Total (losses) gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities	(32)	11		(48)	12
Commercial Banking Revenue and Wealth and Asset Management Revenue
Investment Holdings [Line Items]
Securities gains (losses)	$ (1)	$ (1)		$ (4)	$ (3)

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Available-for-Sale Debt and Held-to-Maturity Securities (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Available-for-Sale Debt and Other, Amortized Cost
Due in 1 year or less		$ 436
Due after 1 year through 5 years		11,890
Due after 5 years through 10 years		30,490
Due after 10 years		12,518
Other securities		806
Amortized Cost		56,140	$ 36,941
Available-for-Sale Debt and Other, Fair Value
Due in 1 year or less		435
Due after 1 year through 5 years		11,538
Due after 5 years through 10 years		28,663
Due after 10 years		11,395
Other securities		806
Fair Value	[1]	52,837	38,110
Held-to-Maturity, Amortized Cost
Due in 1 year or less		0
Due after 1 year through 5 years		3
Due after 5 years through 10 years		0
Due after 10 years		2
Other securities		0
Amortized Cost		5	8
Held-to-Maturity, Fair Value
Due in 1 year or less		0
Due after 1 year through 5 years		3
Due after 5 years through 10 years		0
Due after 10 years		2
Other securities		0
Fair Value		$ 5	$ 8

[1]Amortized cost of $56,140 and $36,941 at June 30, 2022 and December 31, 2021, respectively.

Investment Securities - Fair Va

Investment Securities - Fair Value and Gross Unrealized Losses on Available-for-Sale Debt Securities (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value
Less than 12 months	$ 47,051	$ 7,743
12 months or more	1,659	952
Total	48,710	8,695
Unrealized Losses
Less than 12 months	(3,075)	(106)
12 months or more	(257)	(38)
Total	(3,332)	(144)
Obligations of states and political subdivisions securities
Fair Value
Less than 12 months	1
12 months or more	0
Total	1
Unrealized Losses
Less than 12 months	0
12 months or more	0
Total	0
U.S. Treasury and federal agencies securities
Fair Value
Less than 12 months	1,914
12 months or more	0
Total	1,914
Unrealized Losses
Less than 12 months	(92)
12 months or more	0
Total	(92)
Agency mortgage-backed securities \| Residential mortgage backed securities
Fair Value
Less than 12 months	11,515	935
12 months or more	141	161
Total	11,656	1,096
Unrealized Losses
Less than 12 months	(637)	(10)
12 months or more	(30)	(8)
Total	(667)	(18)
Agency mortgage-backed securities \| Commercial mortgage-backed securities
Fair Value
Less than 12 months	23,554	2,886
12 months or more	1,037	424
Total	24,591	3,310
Unrealized Losses
Less than 12 months	(1,675)	(49)
12 months or more	(215)	(20)
Total	(1,890)	(69)
Non-agency mortgage-backed securities \| Commercial mortgage-backed securities
Fair Value
Less than 12 months	4,693	1,052
12 months or more	1	0
Total	4,694	1,052
Unrealized Losses
Less than 12 months	(341)	(13)
12 months or more	0	0
Total	(341)	(13)
Asset-backed securities and other debt securities
Fair Value
Less than 12 months	5,374	2,870
12 months or more	480	367
Total	5,854	3,237
Unrealized Losses
Less than 12 months	(330)	(34)
12 months or more	(12)	(10)
Total	$ (342)	$ (44)

Loans and Leases - Loans and Le

Loans and Leases - Loans and Leases Classified by Primary Purpose (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Loans and leases held for sale:
Loans and leases held for sale	[1]	$ 2,542	$ 4,415
Portfolio loans and leases:
Commercial and industrial loans		56,095	51,659
Commercial mortgage loans		10,748	10,316
Commercial construction loans		5,357	5,241
Commercial leases		2,850	3,052
Residential mortgage loans		17,566	16,397
Home equity		3,906	4,084
Indirect secured consumer loans		17,017	16,783
Credit card		1,763	1,766
Other consumer loans		3,521	2,752
Loans and Leases		116,809	110,158
Total portfolio loans and leases	[2],[3]	118,823	112,050
Residential mortgage loans
Loans and leases held for sale:
Loans and leases held for sale		2,538	4,394
Commercial
Portfolio loans and leases:
Loans and Leases		75,050	70,268
Commercial \| Commercial and industrial loans
Loans and leases held for sale:
Loans and leases held for sale		3	7
Portfolio loans and leases:
Loans and Leases		56,095	51,659
Loans and leases related to SBA Paycheck Protection Program of CARES Act		371	1,300
Commercial \| Commercial mortgage loans
Loans and leases held for sale:
Loans and leases held for sale		0	13
Commercial \| Commercial leases
Loans and leases held for sale:
Loans and leases held for sale		1	1
Portfolio loans and leases:
Loans and Leases		2,850	3,052
Consumer
Portfolio loans and leases:
Loans and Leases		$ 43,773	$ 41,782

[1]Includes $1,406 and $1,023 of residential mortgage loans held for sale measured at fair value at June 30, 2022 and December 31, 2021, respectively.[2]Includes $133 and $154 of residential mortgage loans measured at fair value at June 30, 2022 and December 31, 2021, respectively.[3]Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Loans and Leases - Additional I

Loans and Leases - Additional Information (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
Accounts, Notes, Loans and Financing Receivable
Unearned income	$ 242			$ 242				$ 244
Net premium	452			452				498
Accrued interest receivable	356			356				332
Direct financing lease - interest income	7		$ 11	15		$ 23
Sales type lease - interest income	12		10	23		20
Allowance for loan and lease losses	2,014	[1]	$ 2,033	2,014	[1]	$ 2,033	$ 1,908	1,892	[1]	$ 2,208	$ 2,453
Federal Home Loan Bank Advances
Accounts, Notes, Loans and Financing Receivable
Loans pledged	16,600			16,600				15,300
FRB Loan
Accounts, Notes, Loans and Financing Receivable
Loans pledged	55,800			55,800				50,900
Commercial Leases
Accounts, Notes, Loans and Financing Receivable
Allowance for loan and lease losses	$ 15			$ 15				$ 15

[1]Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Loans and Leases - Total Loans

Loans and Leases - Total Loans and Leases Managed by the Bancorp (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		$ 121,365	$ 116,465
90 Days Past Due and Still Accruing		39	117
Loans and leases held for sale	[1]	2,542	4,415
Total portfolio loans and leases	[2],[3]	118,823	112,050
Residential mortgage loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		20,104	20,791
90 Days Past Due and Still Accruing		8	72
Commercial \| Commercial and industrial loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		56,098	51,666
90 Days Past Due and Still Accruing		6	17
Commercial \| Commercial mortgage loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		10,748	10,329
90 Days Past Due and Still Accruing		0	1
Commercial \| Commercial construction loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		5,357	5,241
90 Days Past Due and Still Accruing		0	1
Commercial \| Commercial leases
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		2,851	3,053
90 Days Past Due and Still Accruing		1	0
Consumer \| Home equity
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		3,906	4,084
90 Days Past Due and Still Accruing		2	1
Consumer \| Indirect secured consumer loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		17,017	16,783
90 Days Past Due and Still Accruing		8	9
Consumer \| Credit card
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		1,763	1,766
90 Days Past Due and Still Accruing		13	15
Consumer \| Other consumer loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		3,521	2,752
90 Days Past Due and Still Accruing		$ 1	$ 1

[1]Includes $1,406 and $1,023 of residential mortgage loans held for sale measured at fair value at June 30, 2022 and December 31, 2021, respectively.[2]Includes $133 and $154 of residential mortgage loans measured at fair value at June 30, 2022 and December 31, 2021, respectively.[3]Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Loans and Leases - Net Charge-O

Loans and Leases - Net Charge-Offs (Recoveries) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	$ 62	$ 44	$ 96	$ 115
Residential mortgage loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	(1)	0	(1)	(1)
Commercial \| Commercial and industrial loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	33	13	42	40
Commercial \| Commercial mortgage loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	0	6	(1)	8
Commercial \| Commercial construction loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	3	0	3	0
Commercial \| Commercial leases
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	0	(2)	0	(2)
Consumer \| Home equity
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	0	(1)	(1)	(1)
Consumer \| Indirect secured consumer loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	5	0	13	9
Consumer \| Credit card
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	14	20	27	45
Consumer \| Other consumer loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	$ 8	$ 8	$ 14	$ 17

Loans and Leases - Components o

Loans and Leases - Components of Net Investment in Leases (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Net investment in sales-type leases:
Leveraged leases	$ 246	$ 285
Direct Financing Leases
Net investment in direct financing leases:
Lease payment receivable (present value)	718	886
Unguaranteed residual assets (present value)	135	147
Net premium on acquired leases	1	1
Sales-Type Leases
Net investment in sales-type leases:
Lease payment receivable (present value)	1,688	1,678
Unguaranteed residual assets (present value)	$ 62	$ 55

Loans and Leases - Undiscounted

Loans and Leases - Undiscounted Cash Flows (Details) $ in Millions	Jun. 30, 2022 USD ($)
Direct Financing Leases
Accounts, Notes, Loans and Financing Receivable
Remainder of 2022	$ 118
2023	212
2024	152
2025	111
2026	83
2027	45
Thereafter	44
Total undiscounted cash flows	765
Less: Difference between undiscounted cash flows and discounted cash flows	47
Present value of lease payments (recognized as lease receivables)	718
Sales-Type Leases
Accounts, Notes, Loans and Financing Receivable
Remainder of 2022	266
2023	452
2024	363
2025	305
2026	172
2027	123
Thereafter	131
Total undiscounted cash flows	1,812
Less: Difference between undiscounted cash flows and discounted cash flows	124
Present value of lease payments (recognized as lease receivables)	$ 1,688

Credit Quality and the Allowa_3

Credit Quality and the Allowance for Loan and Lease Losses - Summary of Transactions in the ALLL by Portfolio Segment (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]
Balance, beginning of period	$ 1,908		$ 2,208	$ 1,892	[1]	$ 2,453
Losses charged-off	(90)		(103)	(154)		(211)
Recoveries of losses previously charged-off	28		59	58		96
(Benefit from) provision for loan and lease losses	168		(131)	218		(305)
Balance, end of period	2,014	[1]	2,033	2,014	[1]	2,033
Other Consumer Loans, Point of Sale
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Losses charged-off	(7)		(8)	(15)		(18)
Recoveries of losses previously charged-off	7		8	15		18
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,110		1,329	1,102		1,456
Losses charged-off	(37)		(45)	(48)		(81)
Recoveries of losses previously charged-off	1		28	4		35
(Benefit from) provision for loan and lease losses	91		(88)	107		(186)
Balance, end of period	1,165		1,224	1,165		1,224
Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	239		247	235		294
Losses charged-off	0		(1)	(1)		(2)
Recoveries of losses previously charged-off	1		1	2		3
(Benefit from) provision for loan and lease losses	8		(12)	12		(60)
Balance, end of period	248		235	248		235
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	559		632	555		703
Losses charged-off	(53)		(57)	(105)		(128)
Recoveries of losses previously charged-off	26		30	52		58
(Benefit from) provision for loan and lease losses	69		(31)	99		(59)
Balance, end of period	$ 601		$ 574	$ 601		$ 574

[1]Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Credit Quality and the Allowa_4

Credit Quality and the Allowance for Loan and Lease Losses - Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment (Details) - USD ($) $ in Millions	Jun. 30, 2022		Mar. 31, 2022	Dec. 31, 2021		Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	$ 161			$ 164
Collectively evaluated	1,853			1,728
Total ALLL	2,014	[1]	$ 1,908	1,892	[1]	$ 2,033	$ 2,208	$ 2,453
Individually evaluated	1,449			1,352
Collectively evaluated	117,241			110,544
Total portfolio loans and leases	118,690			111,896
Leveraged leases	246			285
Commercial Leveraged Leases
Financing Receivable, Allowance for Credit Loss [Line Items]
Total ALLL	2			2
Leveraged leases	246			285
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	65			77
Collectively evaluated	1,100			1,025
Total ALLL	1,165		1,110	1,102		1,224	1,329	1,456
Individually evaluated	576			579
Collectively evaluated	74,474			69,689
Total portfolio loans and leases	75,050			70,268
Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	52			46
Collectively evaluated	196			189
Total ALLL	248		239	235		235	247	294
Individually evaluated	563			460
Collectively evaluated	16,870			15,783
Total portfolio loans and leases	17,433			16,243
Residential mortgage loans	133			154		151
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	44			41
Collectively evaluated	557			514
Total ALLL	601		$ 559	555		$ 574	$ 632	$ 703
Individually evaluated	310			313
Collectively evaluated	25,897			25,072
Total portfolio loans and leases	$ 26,207			$ 25,385

[1]Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Credit Quality and the Allowa_5

Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Credit Risk Profile of the Bancorp's Commercial Portfolio Segment by Class (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Modifications
Portfolio loans and leases, net	$ 116,809	$ 110,158
Commercial
Financing Receivable, Modifications
Year One	4,211	7,407
Year Two	6,645	4,612
Year Three	3,280	2,684
Year Four	2,059	1,554
Year Five	1,242	1,021
Prior	2,549	2,379
Revolving Loans	55,064	50,611
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	75,050	70,268
Commercial \| Pass
Financing Receivable, Modifications
Year One	4,031	7,052
Year Two	6,235	4,333
Year Three	3,083	2,559
Year Four	1,835	1,400
Year Five	1,117	913
Prior	2,192	2,170
Revolving Loans	51,628	47,092
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	70,121	65,519
Commercial \| Special mention
Financing Receivable, Modifications
Year One	34	130
Year Two	186	108
Year Three	81	74
Year Four	154	60
Year Five	78	31
Prior	86	62
Revolving Loans	1,146	1,089
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	1,765	1,554
Commercial \| Substandard
Financing Receivable, Modifications
Year One	146	225
Year Two	224	171
Year Three	116	51
Year Four	70	94
Year Five	47	77
Prior	271	147
Revolving Loans	2,270	2,430
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	3,144	3,195
Commercial \| Doubtful
Financing Receivable, Modifications
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans	20	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	20	0
Commercial \| Commercial and industrial loans
Financing Receivable, Modifications
Year One	2,355	4,322
Year Two	4,105	2,365
Year Three	1,542	1,246
Year Four	826	650
Year Five	461	430
Prior	892	872
Revolving Loans	45,914	41,774
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	56,095	51,659
Commercial \| Commercial and industrial loans \| Pass
Financing Receivable, Modifications
Year One	2,282	4,266
Year Two	4,003	2,291
Year Three	1,443	1,198
Year Four	717	552
Year Five	407	356
Prior	680	752
Revolving Loans	43,532	39,486
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	53,064	48,901
Commercial \| Commercial and industrial loans \| Special mention
Financing Receivable, Modifications
Year One	21	37
Year Two	41	22
Year Three	53	12
Year Four	90	29
Year Five	44	22
Prior	24	5
Revolving Loans	680	665
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	953	792
Commercial \| Commercial and industrial loans \| Substandard
Financing Receivable, Modifications
Year One	52	19
Year Two	61	52
Year Three	46	36
Year Four	19	69
Year Five	10	52
Prior	188	115
Revolving Loans	1,682	1,623
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	2,058	1,966
Commercial \| Commercial and industrial loans \| Doubtful
Financing Receivable, Modifications
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans	20	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	20	0
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
Year One	765	1,104
Year Two	987	873
Year Three	665	520
Year Four	391	325
Year Five	265	188
Prior	432	398
Revolving Loans	1,558	1,301
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	5,063	4,709
Commercial \| Commercial mortgage owner-occupied loans \| Pass
Financing Receivable, Modifications
Year One	738	1,082
Year Two	926	804
Year Three	597	471
Year Four	302	296
Year Five	228	183
Prior	373	331
Revolving Loans	1,394	1,141
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	4,558	4,308
Commercial \| Commercial mortgage owner-occupied loans \| Special mention
Financing Receivable, Modifications
Year One	9	0
Year Two	54	31
Year Three	19	46
Year Four	50	17
Year Five	15	2
Prior	4	40
Revolving Loans	77	69
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	228	205
Commercial \| Commercial mortgage owner-occupied loans \| Substandard
Financing Receivable, Modifications
Year One	18	22
Year Two	7	38
Year Three	49	3
Year Four	39	12
Year Five	22	3
Prior	55	27
Revolving Loans	87	91
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	277	196
Commercial \| Commercial mortgage owner-occupied loans \| Doubtful
Financing Receivable, Modifications
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	0	0
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Year One	773	884
Year Two	710	823
Year Three	607	610
Year Four	580	292
Year Five	264	157
Prior	282	314
Revolving Loans	2,469	2,527
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	5,685	5,607
Commercial \| Commercial mortgage nonowner-occupied loans \| Pass
Financing Receivable, Modifications
Year One	693	635
Year Two	488	733
Year Three	587	595
Year Four	569	284
Year Five	261	141
Prior	257	302
Revolving Loans	2,046	1,977
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	4,901	4,667
Commercial \| Commercial mortgage nonowner-occupied loans \| Special mention
Financing Receivable, Modifications
Year One	4	89
Year Two	72	12
Year Three	2	11
Year Four	7	5
Year Five	0	7
Prior	15	9
Revolving Loans	212	162
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	312	295
Commercial \| Commercial mortgage nonowner-occupied loans \| Substandard
Financing Receivable, Modifications
Year One	76	160
Year Two	150	78
Year Three	18	4
Year Four	4	3
Year Five	3	9
Prior	10	3
Revolving Loans	211	388
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	472	645
Commercial \| Commercial mortgage nonowner-occupied loans \| Doubtful
Financing Receivable, Modifications
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	0	0
Commercial \| Commercial construction loans
Financing Receivable, Modifications
Year One	60	67
Year Two	24	108
Year Three	93	11
Year Four	12	37
Year Five	36	0
Prior	9	9
Revolving Loans	5,123	5,009
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	5,357	5,241
Commercial \| Commercial construction loans \| Pass
Financing Receivable, Modifications
Year One	60	50
Year Two	24	69
Year Three	93	11
Year Four	12	37
Year Five	36	0
Prior	7	9
Revolving Loans	4,656	4,488
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	4,888	4,664
Commercial \| Commercial construction loans \| Special mention
Financing Receivable, Modifications
Year One	0	0
Year Two	0	39
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans	177	193
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	177	232
Commercial \| Commercial construction loans \| Substandard
Financing Receivable, Modifications
Year One	0	17
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	2	0
Revolving Loans	290	328
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	292	345
Commercial \| Commercial construction loans \| Doubtful
Financing Receivable, Modifications
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	0	0
Commercial \| Commercial leases
Financing Receivable, Modifications
Year One	258	1,030
Year Two	819	443
Year Three	373	297
Year Four	250	250
Year Five	216	246
Prior	934	786
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	2,850	3,052
Commercial \| Commercial leases \| Pass
Financing Receivable, Modifications
Year One	258	1,019
Year Two	794	436
Year Three	363	284
Year Four	235	231
Year Five	185	233
Prior	875	776
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	2,710	2,979
Commercial \| Commercial leases \| Special mention
Financing Receivable, Modifications
Year One	0	4
Year Two	19	4
Year Three	7	5
Year Four	7	9
Year Five	19	0
Prior	43	8
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	95	30
Commercial \| Commercial leases \| Substandard
Financing Receivable, Modifications
Year One	0	7
Year Two	6	3
Year Three	3	8
Year Four	8	10
Year Five	12	13
Prior	16	2
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	45	43
Commercial \| Commercial leases \| Doubtful
Financing Receivable, Modifications
Year One	0	0
Year Two	0	0
Year Three	0	0
Year Four	0	0
Year Five	0	0
Prior	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	0	0
Portfolio loans and leases, net	$ 0	$ 0

Credit Quality and the Allowa_6

Credit Quality and the Allowance for Loan and Lease Losses - Summary of Recorded Investment in Portfolio Loans and Leases by Age and Class (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	$ 116,809	$ 110,158
Commercial
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	75,050	70,268
90 Days Past Due and Still Accruing	7	19
Commercial \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	74,885	70,132
Commercial \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	165	136
Commercial \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	121	81
Commercial \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	44	55
Commercial \| Commercial and industrial loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	56,095	51,659
90 Days Past Due and Still Accruing	6	17
Loans and leases related to SBA Paycheck Protection Program of CARES Act	371	1,300
Commercial \| Commercial and industrial loans \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	55,952	51,549
Commercial \| Commercial and industrial loans \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	143	110
Commercial \| Commercial and industrial loans \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	105	61
Loans and leases related to SBA Paycheck Protection Program of CARES Act	16	20
Commercial \| Commercial and industrial loans \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	38	49
Loans and leases related to SBA Paycheck Protection Program of CARES Act	5	6
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,063	4,709
90 Days Past Due and Still Accruing	0	1
Commercial \| Commercial mortgage owner-occupied loans \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,050	4,701
Commercial \| Commercial mortgage owner-occupied loans \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	13	8
Commercial \| Commercial mortgage owner-occupied loans \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	11	4
Commercial \| Commercial mortgage owner-occupied loans \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	2	4
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,685	5,607
90 Days Past Due and Still Accruing	0	0
Commercial \| Commercial mortgage nonowner-occupied loans \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,685	5,606
Commercial \| Commercial mortgage nonowner-occupied loans \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	0	1
Commercial \| Commercial mortgage nonowner-occupied loans \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	0	0
Commercial \| Commercial mortgage nonowner-occupied loans \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	0	1
Commercial \| Commercial construction loans
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,357	5,241
90 Days Past Due and Still Accruing	0	1
Commercial \| Commercial construction loans \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5,356	5,241
Commercial \| Commercial construction loans \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	1	0
Commercial \| Commercial construction loans \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	0	0
Commercial \| Commercial construction loans \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	1	0
Commercial \| Commercial leases
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	2,850	3,052
90 Days Past Due and Still Accruing	1	0
Commercial \| Commercial leases \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	2,842	3,035
Commercial \| Commercial leases \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	8	17
Commercial \| Commercial leases \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	5	16
Commercial \| Commercial leases \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	$ 3	$ 1

Credit Quality and the Allowa_7

Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Credit Risk Profile of the Bancorp's Residential Mortgage and Consumer Portfolio Segments by Class (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, Modifications
Total	[1],[2]	$ 118,823		$ 118,823		$ 112,050
Residential Mortgage
Financing Receivable, Modifications
Residential mortgage loans		133	$ 151	133	$ 151	154
Residential Mortgage \| Federal Housing Administration Loan
Financing Receivable, Modifications
Losses due to claim denials and curtailments		1	$ 0	1	$ 1
Residential Mortgage \| 30-89 days past due \| Federal Housing Administration Loan
Financing Receivable, Modifications
Total		71		71		49
Residential Mortgage \| 90 days or more past due \| Federal Housing Administration Loan
Financing Receivable, Modifications
Total		150		150		139
Residential Mortgage \| Residential mortgage loans
Financing Receivable, Modifications
Year One		2,264		2,264		5,887
Year Two		5,649		5,649		3,312
Year Three		3,138		3,138		1,300
Year Four		1,128		1,128		422
Year Five		387		387		966
Prior		4,867		4,867		4,356
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		17,433		17,433		16,243
Residential Mortgage \| Residential mortgage loans \| Performing
Financing Receivable, Modifications
Year One		2,264		2,264		5,887
Year Two		5,648		5,648		3,312
Year Three		3,135		3,135		1,299
Year Four		1,125		1,125		422
Year Five		382		382		964
Prior		4,776		4,776		4,326
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		17,330		17,330		16,210
Residential Mortgage \| Residential mortgage loans \| Performing \| Current
Financing Receivable, Modifications
Year One		2,264		2,264		5,886
Year Two		5,648		5,648		3,309
Year Three		3,134		3,134		1,294
Year Four		1,123		1,123		418
Year Five		380		380		954
Prior		4,757		4,757		4,261
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		17,306		17,306		16,122
Residential Mortgage \| Residential mortgage loans \| Performing \| 30-89 days past due
Financing Receivable, Modifications
Year One		0		0		1
Year Two		0		0		1
Year Three		1		1		1
Year Four		1		1		1
Year Five		2		2		1
Prior		12		12		13
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		16		16		18
Residential Mortgage \| Residential mortgage loans \| Performing \| 90 days or more past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		2
Year Three		0		0		4
Year Four		1		1		3
Year Five		0		0		9
Prior		7		7		52
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		8		8		70
Residential Mortgage \| Residential mortgage loans \| Nonperforming
Financing Receivable, Modifications
Year One		0		0		0
Year Two		1		1		0
Year Three		3		3		1
Year Four		3		3		0
Year Five		5		5		2
Prior		91		91		30
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		103		103		33
Consumer \| Home equity
Financing Receivable, Modifications
Year One		4		4		2
Year Two		2		2		6
Year Three		5		5		13
Year Four		10		10		18
Year Five		14		14		2
Prior		110		110		126
Revolving Loans		3,746		3,746		3,904
Revolving Loans Converted to Term Loans		15		15		13
Total		3,906		3,906		4,084
Consumer \| Home equity \| Performing
Financing Receivable, Modifications
Year One		4		4		2
Year Two		2		2		6
Year Three		5		5		13
Year Four		10		10		18
Year Five		14		14		2
Prior		102		102		117
Revolving Loans		3,683		3,683		3,837
Revolving Loans Converted to Term Loans		14		14		12
Total		3,834		3,834		4,007
Consumer \| Home equity \| Performing \| Current
Financing Receivable, Modifications
Year One		4		4		2
Year Two		2		2		6
Year Three		5		5		13
Year Four		10		10		18
Year Five		14		14		2
Prior		98		98		113
Revolving Loans		3,663		3,663		3,815
Revolving Loans Converted to Term Loans		14		14		12
Total		3,810		3,810		3,981
Consumer \| Home equity \| Performing \| 30-89 days past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		2		2		3
Revolving Loans		20		20		22
Revolving Loans Converted to Term Loans		0		0		0
Total		22		22		25
Consumer \| Home equity \| Performing \| 90 days or more past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		2		2		1
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		2		2		1
Consumer \| Home equity \| Nonperforming
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		8		8		9
Revolving Loans		63		63		67
Revolving Loans Converted to Term Loans		1		1		1
Total		72		72		77
Consumer \| Indirect secured consumer loans
Financing Receivable, Modifications
Year One		3,879		3,879		8,760
Year Two		7,127		7,127		4,244
Year Three		3,325		3,325		2,253
Year Four		1,666		1,666		926
Year Five		633		633		401
Prior		387		387		199
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		17,017		17,017		16,783
Consumer \| Indirect secured consumer loans \| Performing
Financing Receivable, Modifications
Year One		3,879		3,879		8,760
Year Two		7,126		7,126		4,232
Year Three		3,318		3,318		2,248
Year Four		1,662		1,662		921
Year Five		630		630		398
Prior		384		384		197
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		16,999		16,999		16,756
Consumer \| Indirect secured consumer loans \| Performing \| Current
Financing Receivable, Modifications
Year One		3,868		3,868		8,732
Year Two		7,092		7,092		4,206
Year Three		3,295		3,295		2,221
Year Four		1,641		1,641		902
Year Five		617		617		389
Prior		377		377		194
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		16,890		16,890		16,644
Consumer \| Indirect secured consumer loans \| Performing \| 30-89 days past due
Financing Receivable, Modifications
Year One		10		10		26
Year Two		32		32		24
Year Three		21		21		25
Year Four		20		20		17
Year Five		12		12		8
Prior		6		6		3
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		101		101		103
Consumer \| Indirect secured consumer loans \| Performing \| 90 days or more past due
Financing Receivable, Modifications
Year One		1		1		2
Year Two		2		2		2
Year Three		2		2		2
Year Four		1		1		2
Year Five		1		1		1
Prior		1		1		0
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		8		8		9
Consumer \| Indirect secured consumer loans \| Nonperforming
Financing Receivable, Modifications
Year One		0		0		0
Year Two		1		1		12
Year Three		7		7		5
Year Four		4		4		5
Year Five		3		3		3
Prior		3		3		2
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		18		18		27
Consumer \| Credit card
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		1,763		1,763		1,766
Revolving Loans Converted to Term Loans		0		0		0
Total		1,763		1,763		1,766
Consumer \| Credit card \| Performing
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		1,740		1,740		1,743
Revolving Loans Converted to Term Loans		0		0		0
Total		1,740		1,740		1,743
Consumer \| Credit card \| Performing \| Current
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		1,710		1,710		1,710
Revolving Loans Converted to Term Loans		0		0		0
Total		1,710		1,710		1,710
Consumer \| Credit card \| Performing \| 30-89 days past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		17		17		18
Revolving Loans Converted to Term Loans		0		0		0
Total		17		17		18
Consumer \| Credit card \| Performing \| 90 days or more past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		13		13		15
Revolving Loans Converted to Term Loans		0		0		0
Total		13		13		15
Consumer \| Credit card \| Nonperforming
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		23		23		23
Revolving Loans Converted to Term Loans		0		0		0
Total		23		23		23
Consumer \| Other consumer loans
Financing Receivable, Modifications
Year One		848		848		695
Year Two		695		695		532
Year Three		437		437		279
Year Four		221		221		176
Year Five		144		144		106
Prior		177		177		47
Revolving Loans		979		979		916
Revolving Loans Converted to Term Loans		20		20		1
Total		3,521		3,521		2,752
Consumer \| Other consumer loans \| Performing
Financing Receivable, Modifications
Year One		848		848		695
Year Two		695		695		532
Year Three		437		437		279
Year Four		221		221		176
Year Five		144		144		106
Prior		176		176		47
Revolving Loans		978		978		915
Revolving Loans Converted to Term Loans		20		20		1
Total		3,519		3,519		2,751
Consumer \| Other consumer loans \| Performing \| Current
Financing Receivable, Modifications
Year One		847		847		692
Year Two		691		691		530
Year Three		435		435		275
Year Four		218		218		174
Year Five		142		142		105
Prior		174		174		47
Revolving Loans		974		974		913
Revolving Loans Converted to Term Loans		19		19		0
Total		3,500		3,500		2,736
Consumer \| Other consumer loans \| Performing \| 30-89 days past due
Financing Receivable, Modifications
Year One		1		1		3
Year Two		4		4		2
Year Three		2		2		3
Year Four		2		2		2
Year Five		2		2		1
Prior		2		2		0
Revolving Loans		4		4		2
Revolving Loans Converted to Term Loans		1		1		1
Total		18		18		14
Consumer \| Other consumer loans \| Performing \| 90 days or more past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		1
Year Four		1		1		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total		1		1		1
Consumer \| Other consumer loans \| Nonperforming
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		0
Year Three		0		0		0
Year Four		0		0		0
Year Five		0		0		0
Prior		1		1		0
Revolving Loans		1		1		1
Revolving Loans Converted to Term Loans		0		0		0
Total		2		2		1
Residential Mortgage and Consumer
Financing Receivable, Modifications
Year One		6,995		6,995		15,344
Year Two		13,473		13,473		8,094
Year Three		6,905		6,905		3,845
Year Four		3,025		3,025		1,542
Year Five		1,178		1,178		1,475
Prior		5,541		5,541		4,728
Revolving Loans		6,488		6,488		6,586
Revolving Loans Converted to Term Loans		35		35		14
Total		43,640		43,640		41,628
Residential Mortgage and Consumer \| Performing
Financing Receivable, Modifications
Year One		6,995		6,995		15,344
Year Two		13,471		13,471		8,082
Year Three		6,895		6,895		3,839
Year Four		3,018		3,018		1,537
Year Five		1,170		1,170		1,470
Prior		5,438		5,438		4,687
Revolving Loans		6,401		6,401		6,495
Revolving Loans Converted to Term Loans		34		34		13
Total		43,422		43,422		41,467
Residential Mortgage and Consumer \| Performing \| Current
Financing Receivable, Modifications
Year One		6,983		6,983		15,312
Year Two		13,433		13,433		8,051
Year Three		6,869		6,869		3,803
Year Four		2,992		2,992		1,512
Year Five		1,153		1,153		1,450
Prior		5,406		5,406		4,615
Revolving Loans		6,347		6,347		6,438
Revolving Loans Converted to Term Loans		33		33		12
Total		43,216		43,216		41,193
Residential Mortgage and Consumer \| Performing \| 30-89 days past due
Financing Receivable, Modifications
Year One		11		11		30
Year Two		36		36		27
Year Three		24		24		29
Year Four		23		23		20
Year Five		16		16		10
Prior		22		22		19
Revolving Loans		41		41		42
Revolving Loans Converted to Term Loans		1		1		1
Total		174		174		178
Residential Mortgage and Consumer \| Performing \| 90 days or more past due
Financing Receivable, Modifications
Year One		1		1		2
Year Two		2		2		4
Year Three		2		2		7
Year Four		3		3		5
Year Five		1		1		10
Prior		10		10		53
Revolving Loans		13		13		15
Revolving Loans Converted to Term Loans		0		0		0
Total		32		32		96
Residential Mortgage and Consumer \| Nonperforming
Financing Receivable, Modifications
Year One		0		0		0
Year Two		2		2		12
Year Three		10		10		6
Year Four		7		7		5
Year Five		8		8		5
Prior		103		103		41
Revolving Loans		87		87		91
Revolving Loans Converted to Term Loans		1		1		1
Total		$ 218		$ 218		$ 161

[1]Includes $133 and $154 of residential mortgage loans measured at fair value at June 30, 2022 and December 31, 2021, respectively.[2]Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Credit Quality and the Allowa_8

Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Amortized Cost Basis of the Bancorp's Collateral Dependent Loans (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Impaired
Total portfolio loans and leases	$ 693	$ 705
Commercial
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	576	579
Commercial \| Commercial and industrial loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	476	467
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	13	22
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	29	31
Commercial \| Commercial construction loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	53	56
Commercial \| Commercial leases
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	5	3
Residential Mortgage
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	59	60
Consumer
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	58	66
Consumer \| Home equity
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	52	58
Consumer \| Indirect secured consumer loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	$ 6	$ 8

Credit Quality and the Allowa_9

Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Bancorp's Nonaccrual Loans and Leases by Class (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Modifications
With an ALLL		$ 350	$ 304
No Related ALLL		209	223
Total		559	527
Loans and leases held for sale	[1]	2,542	4,415
Total portfolio loans and leases	[2],[3]	118,823	112,050
Nonperforming
Financing Receivable, Modifications
Loans and leases held for sale		0	15
Nonperforming \| Government Insured
Financing Receivable, Modifications
Total portfolio loans and leases		15	26
Restructured nonaccrual loans and leases		9	11
Commercial
Financing Receivable, Modifications
With an ALLL		200	192
No Related ALLL		119	145
Total		319	337
Commercial \| Commercial and industrial loans
Financing Receivable, Modifications
With an ALLL		164	151
No Related ALLL		104	128
Total		268	279
Loans and leases held for sale		3	7
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
With an ALLL		10	10
No Related ALLL		10	13
Total		20	23
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
With an ALLL		25	22
No Related ALLL		0	3
Total		25	25
Commercial \| Commercial construction loans
Financing Receivable, Modifications
With an ALLL		1	6
No Related ALLL		3	0
Total		4	6
Commercial \| Commercial leases
Financing Receivable, Modifications
With an ALLL		0	3
No Related ALLL		2	1
Total		2	4
Loans and leases held for sale		1	1
Residential Mortgage
Financing Receivable, Modifications
With an ALLL		61	14
No Related ALLL		44	19
Total		105	33
Consumer
Financing Receivable, Modifications
With an ALLL		89	98
No Related ALLL		26	30
Total		115	128
Consumer \| Home equity
Financing Receivable, Modifications
With an ALLL		50	53
No Related ALLL		22	24
Total		72	77
Total portfolio loans and leases		3,906	4,084
Consumer \| Home equity \| Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		72	77
Consumer \| Indirect secured consumer loans
Financing Receivable, Modifications
With an ALLL		14	21
No Related ALLL		4	6
Total		18	27
Total portfolio loans and leases		17,017	16,783
Consumer \| Indirect secured consumer loans \| Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		18	27
Consumer \| Credit card
Financing Receivable, Modifications
With an ALLL		23	23
No Related ALLL		0	0
Total		23	23
Total portfolio loans and leases		1,763	1,766
Consumer \| Credit card \| Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		23	23
Consumer \| Other consumer loans
Financing Receivable, Modifications
With an ALLL		2	1
No Related ALLL		0	0
Total		2	1
Total portfolio loans and leases		3,521	2,752
Consumer \| Other consumer loans \| Nonperforming
Financing Receivable, Modifications
Total portfolio loans and leases		2	1
Nonaccrual Portfolio Loans and Leases
Financing Receivable, Modifications
With an ALLL		350	304
No Related ALLL		189	194
Total		539	498
OREO and Other Repossessed Assets
Financing Receivable, Modifications
With an ALLL		0	0
No Related ALLL		20	29
Total		$ 20	$ 29

[1]Includes $1,406 and $1,023 of residential mortgage loans held for sale measured at fair value at June 30, 2022 and December 31, 2021, respectively.[2]Includes $133 and $154 of residential mortgage loans measured at fair value at June 30, 2022 and December 31, 2021, respectively.[3]Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Credit Quality and the Allow_10

Credit Quality and the Allowance for Loan and Lease Losses - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Mortgage loans in process of foreclosure amount	$ 167	$ 84
Line of credit commitments for modified troubled debt restructurings	135	121
Letter of credit commitments for modified troubled debt restructurings	$ 60	$ 66

Credit Quality and the Allow_11

Credit Quality and the Allowance for Loan and Lease Losses - Summary of Loans Modified in a TDR (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period \| loan	2,546	1,993	5,288	5,790
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 197	$ 66	$ 374	$ 193
Financing Receivable, Change in Method, Credit Loss Expense (Reversal)	4	2	20	7
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Commercial \| Commercial and industrial loans
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period \| loan	20	7	50	26
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 74	$ 25	$ 165	$ 31
Financing Receivable, Change in Method, Credit Loss Expense (Reversal)	0	0	13	1
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period \| loan	1		6	1
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 0		$ 4	$ 4
Financing Receivable, Change in Method, Credit Loss Expense (Reversal)	0		(1)	0
Charge-offs Recognized Upon Modification	$ 0		$ 0	$ 0
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period \| loan	3		3	3
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 23		$ 23	$ 25
Financing Receivable, Change in Method, Credit Loss Expense (Reversal)	0		0	0
Charge-offs Recognized Upon Modification	$ 0		$ 0	$ 0
Commercial \| Commercial construction loans
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period \| loan	2		2
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 4		$ 4
Financing Receivable, Change in Method, Credit Loss Expense (Reversal)	(3)		(3)
Charge-offs Recognized Upon Modification	$ 0		$ 0
Residential Mortgage
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period \| loan	478	124	738	302
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 73	$ 23	$ 115	$ 59
Financing Receivable, Change in Method, Credit Loss Expense (Reversal)	4	1	7	2
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Consumer \| Home equity
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period \| loan	72	39	124	97
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 3	$ 2	$ 10	$ 5
Financing Receivable, Change in Method, Credit Loss Expense (Reversal)	(1)	0	(2)	(1)
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Consumer \| Indirect secured consumer loans
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period \| loan	777	450	2,051	2,193
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 14	$ 8	$ 41	$ 51
Financing Receivable, Change in Method, Credit Loss Expense (Reversal)	1	0	1	1
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0
Consumer \| Credit card
Financing Receivable, Modifications
Number of Loans Modified in a TDR During the Period \| loan	1,193	1,373	2,314	3,168
Amortized Cost Basis of Loans Modified in a TDR During the Period	$ 6	$ 8	$ 12	$ 18
Financing Receivable, Change in Method, Credit Loss Expense (Reversal)	3	1	5	4
Charge-offs Recognized Upon Modification	$ 0	$ 0	$ 0	$ 0

Credit Quality and the Allow_12

Credit Quality and the Allowance for Loan and Lease Losses - Summary of 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, Modifications
Number of Contracts \| contract	188	65	360	162
Amortized Cost \| $	$ 13	$ 2	$ 18	$ 34
Commercial \| Commercial and industrial loans
Financing Receivable, Modifications
Number of Contracts \| contract	1	1	7	1
Amortized Cost \| $	$ 0	$ 0	$ 0	$ 0
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Number of Contracts \| contract				1
Amortized Cost \| $				$ 25
Commercial \| Commercial construction loans
Financing Receivable, Modifications
Number of Contracts \| contract	1		1
Amortized Cost \| $	$ 2		$ 2
Residential Mortgage
Financing Receivable, Modifications
Number of Contracts \| contract	77	16	106	51
Amortized Cost \| $	$ 10	$ 2	$ 13	$ 7
Consumer \| Home equity
Financing Receivable, Modifications
Number of Contracts \| contract	8	5	15	17
Amortized Cost \| $	$ 0	$ 0	$ 1	$ 1
Consumer \| Indirect secured consumer loans
Financing Receivable, Modifications
Number of Contracts \| contract	34	32	59	58
Amortized Cost \| $	$ 1	$ 0	$ 1	$ 1
Consumer \| Credit card
Financing Receivable, Modifications
Number of Contracts \| contract	67	11	172	34
Amortized Cost \| $	$ 0	$ 0	$ 1	$ 0

Bank Premises and Equipment - S

Bank Premises and Equipment - Summary of Bank Premises and Equipment (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization		$ (3,255)	$ (3,210)
Total bank premises and equipment	[1]	2,118	2,120
Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross		2,422	2,392
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross		1,660	1,668
Land and and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross		648	645
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross		526	517
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross		93	84
Land and improvements held for sale
Property, Plant and Equipment [Line Items]
Property and equipment, gross		18	18
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross		6	6
Other property
Property, Plant and Equipment [Line Items]
Land improvements		$ 33	$ 39

[1]Includes $24 of bank premises and equipment held for sale at both June 30, 2022 and December 31, 2021.

Bank Premises and Equipment - A

Bank Premises and Equipment - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) branch	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) branch	Jun. 30, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Impairment losses on bank premises \| $	$ 1	$ 2	$ 1	$ 4
Closed in 2022
Property, Plant and Equipment [Line Items]
Number of branches held for sale \| branch	41		41

Operating Lease Equipment - Add

Operating Lease Equipment - 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
Leases [Abstract]
Operating lease equipment	$ 600		$ 600		$ 616
Accumulated depreciation	328		328		$ 304
Operating lease income	36	$ 39	72	$ 78
Depreciation expense	30	31	59	64
Operating lease payments received			72	80
Impairment losses of operating lease equipment	$ 0	$ 0	$ 2	$ 25

Operating Lease Equipment - Fut

Operating Lease Equipment - Future Lease Payments Receivable (Details) $ in Millions	Jun. 30, 2022 USD ($)
Leases [Abstract]
Remainder of 2022	$ 69
2023	119
2024	83
2025	57
2026	35
2027	15
Thereafter	19
Total operating lease payments	$ 397

Lease Obligations - Lessee - Le

Lease Obligations - Lessee - Lease Assets and Lease Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right-of-use assets	$ 469	$ 427
Operating lease right-of-use assets [Extensible List]	Other assets	Other assets
Finance lease right-of-use assets	$ 151	$ 145
Finance lease, right-of-use assets [Extensible List]	Bank premises and equipment	Bank premises and equipment
Total right-of-use assets	$ 620	$ 572
Operating lease liabilities	$ 561	$ 520
Operating lease liabilities [Extensible List]	Accrued Liabilities [Member]	Accrued Liabilities [Member]
Finance lease liabilities	$ 154	$ 149
Finance lease liabilities [Extensible List]	Long-term debt	Long-term debt
Total lease liabilities	$ 715	$ 669
Operating lease right of use asset, accumulated amortization	227	198
Finance lease right of use asset, accumulated amortization	$ 56	$ 47

Lease Obligations - Lessee - _2

Lease Obligations - Lessee - Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Amortization of ROU assets	$ 5	$ 4	$ 9	$ 9
Interest on lease liabilities	1	1	2	2
Total finance lease costs	6	5	11	11
Operating lease cost	21	19	40	39
Short-term lease cost	0	0	1	1
Variable lease cost	7	8	14	16
Sublease income	(1)	0	(1)	(1)
Total operating lease costs	27	27	54	55
Total lease costs	33	32	65	66
Impairment losses and termination charges	$ 1	$ 2	$ 2	$ 2

Lease Obligations - Lessee - Un

Lease Obligations - Lessee - Undiscounted Cash Flows (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Operating Leases
Remainder of 2022	$ 46
2023	86
2024	78
2025	70
2026	61
2027	54
Thereafter	259
Total undiscounted cash flows	654
Less: Difference between undiscounted cash flows and discounted cash flows	93
Present value of lease liabilities	561	$ 520
Finance Leases
Remainder of 2022	10
2023	19
2024	19
2025	13
2026	8
2027	8
Thereafter	119
Total undiscounted cash flows	196
Less: Difference between undiscounted cash flows and discounted cash flows	42
Present value of lease liabilities	154	$ 149
Total
Remainder of 2022	56
2023	105
2024	97
2025	83
2026	69
2027	62
Thereafter	378
Total undiscounted cash flows	850
Less: Difference between undiscounted cash flows and discounted cash flows	135
Present value of lease liabilities	$ 715

Lease Obligations - Lessee - Ot

Lease Obligations - Lessee - Other Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Leases [Abstract]
Operating leases, weighted average remaining lease term	9 years 9 months 29 days		8 years 11 months 1 day
Finance leases, weighted average remaining lease term	15 years 3 months 18 days		14 years 8 months 12 days
Operating leases, weighted average discount rate	2.93%		2.88%
Finance leases, weighted average discount rate	2.81%		2.74%
Cash paid for amounts included in the measurement of lease liabilities:(a)
Operating cash flows from operating leases	$ 44	$ 44
Operating cash flows from finance leases	2	2
Financing cash flows from finance leases	10	9
Gains on sale-leaseback transactions	$ 4	$ 2

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
Goodwill (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill
Goodwill			$ 5,223
Accumulated impairment losses			(965)
Goodwill [Roll Forward]
Net carrying value, beginning of period	$ 4,514	$ 4,258
Acquisition activity	451	256
Sale of businesses	(39)
Net carrying value, end of period	4,926	4,514
Operating Segments \| Commercial Banking
Goodwill
Goodwill			2,730
Accumulated impairment losses			(750)
Goodwill [Roll Forward]
Net carrying value, beginning of period	1,980	1,980
Acquisition activity	0	0
Sale of businesses	(34)
Net carrying value, end of period	1,946	1,980
Operating Segments \| Branch Banking
Goodwill
Goodwill			2,047
Accumulated impairment losses			0
Goodwill [Roll Forward]
Net carrying value, beginning of period	2,303	2,047
Acquisition activity	(1)	256
Sale of businesses	0
Net carrying value, end of period	2,302	2,303
Operating Segments \| Consumer Lending
Goodwill
Goodwill			215
Accumulated impairment losses			(215)
Goodwill [Roll Forward]
Net carrying value, beginning of period	0	0
Acquisition activity	0	0
Sale of businesses	0
Net carrying value, end of period	0	0
Operating Segments \| Wealth and Asset Management
Goodwill
Goodwill			231
Accumulated impairment losses			0
Goodwill [Roll Forward]
Net carrying value, beginning of period	231	231
Acquisition activity	0	0
Sale of businesses	(5)
Net carrying value, end of period	226	231
General Corporate and Other
Goodwill
Goodwill			0
Accumulated impairment losses			$ 0
Goodwill [Roll Forward]
Net carrying value, beginning of period	0	0
Acquisition activity	452	0
Sale of businesses	0
Net carrying value, end of period	$ 452	$ 0

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Finite-Lived Intangible Assets
Amortization expense	$ 11	$ 10	$ 23	$ 22
Developed technology
Finite-Lived Intangible Assets
Intangible assets acquired	$ 44
Estimated remaining useful life	5 years
Customer relationships
Finite-Lived Intangible Assets
Intangible assets acquired	$ 12
Estimated remaining useful life	12 years
Trade Names
Finite-Lived Intangible Assets
Intangible assets acquired	$ 7
Estimated remaining useful life	5 years
Backlog
Finite-Lived Intangible Assets
Intangible assets acquired	$ 3
Estimated remaining useful life	5 years

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 388	$ 331
Accumulated Amortization	(194)	(175)
Net Carrying Amount	194	156
Core deposit intangibles
Finite-Lived Intangible Assets
Gross Carrying Amount	229	229
Accumulated Amortization	(168)	(153)
Net Carrying Amount	61	76
Developed technology
Finite-Lived Intangible Assets
Gross Carrying Amount	106	62
Accumulated Amortization	(8)	(3)
Net Carrying Amount	98	59
Customer relationships
Finite-Lived Intangible Assets
Gross Carrying Amount	30	25
Accumulated Amortization	(6)	(7)
Net Carrying Amount	24	18
Operating leases
Finite-Lived Intangible Assets
Gross Carrying Amount	9	11
Accumulated Amortization	(8)	(9)
Net Carrying Amount	1	2
Other
Finite-Lived Intangible Assets
Gross Carrying Amount	14	4
Accumulated Amortization	(4)	(3)
Net Carrying Amount	$ 10	$ 1

Intangible Assets - Estimated A

Intangible Assets - Estimated Amortization Expense (Details) $ in Millions	Jun. 30, 2022 USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Remainder of 2022	$ 25
2023	43
2024	35
2025	28
2026	$ 22

Variable Interest Entities - Cl

Variable Interest Entities - Classifications of Consolidated VIE Assets, Liabilities and Noncontrolling Interest Included in the Bancorp's Consolidated Balance Sheets (Details) - USD ($) $ in Millions		Jun. 30, 2022		Mar. 31, 2022	Dec. 31, 2021		Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Assets
Other short-term Investments	[1]	$ 7,419			$ 34,572
ALLL		(2,014)	[1]	$ (1,908)	(1,892)	[1]	$ (2,033)	$ (2,208)	$ (2,453)
Other assets	[1]	13,694			11,444
Total Assets		206,782			211,116
Liabilities
Other liabilities	[1]	6,197			4,267
Long-term debt	[1]	10,990			11,821
Total Liabilities		187,812			188,906
Variable Interest Entity, Primary Beneficiary \| Automobile And Solar Loan
Assets
Other short-term Investments		21			24
Indirect secured consumer loans		219			322
Other consumer loans		48			0
ALLL		(3)			(2)
Other assets		2			2
Total Assets		287			346
Liabilities
Other liabilities		10			1
Long-term debt		200			263
Total Liabilities		$ 210			$ 264

[1]Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.

Variable Interest Entities - As

Variable Interest Entities - Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Variable Interest Entity
Total Assets	$ 206,782	$ 211,116
Total Liabilities	187,812	188,906
Variable Interest Entity, Not Primary Beneficiary \| CDC investments
Variable Interest Entity
Total Assets	1,730	1,705
Total Liabilities	582	580
Maximum Exposure	1,730	1,705
Variable Interest Entity, Not Primary Beneficiary \| Private equity investments
Variable Interest Entity
Total Assets	165	133
Total Liabilities	0	0
Maximum Exposure	301	257
Variable Interest Entity, Not Primary Beneficiary \| Loans provided to VIEs
Variable Interest Entity
Total Assets	3,807	3,386
Total Liabilities	0	0
Maximum Exposure	5,548	4,873
Variable Interest Entity, Not Primary Beneficiary \| Lease pool entities
Variable Interest Entity
Total Assets	66	68
Total Liabilities	0	0
Maximum Exposure	66	$ 68
Variable Interest Entity, Not Primary Beneficiary \| Solar loan securitizations
Variable Interest Entity
Total Assets	11
Total Liabilities	0
Maximum Exposure	$ 11

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($) investment	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) investment	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Variable Interest Entity
Assets	$ 206,782		$ 206,782		$ 211,116
LLCs designed for the purpose of purchasing pools of residual interests in leases
Variable Interest Entity
Number of co-investments \| investment	3		3
Ownership percentage (more than)	50%		50%
Variable Interest Entity, Not Primary Beneficiary \| Loans provided to VIEs
Variable Interest Entity
Unfunded commitment amounts			$ 1,700		1,500
Variable Interest Entity, Not Primary Beneficiary \| CDC investments
Variable Interest Entity
Assets	$ 1,730		1,730		1,705
Risk retention interests	1,730		1,730		1,705
Variable Interest Entity, Not Primary Beneficiary \| CDC investments \| Qualified Affordable Housing Tax Credits
Variable Interest Entity
Assets	1,500		1,500		1,400
Unfunded commitments in qualifying LIHTC investments	574		$ 574		573
Variable Interest Entity, Not Primary Beneficiary \| CDC investments \| Qualified Affordable Housing Tax Credits \| Lower limit
Variable Interest Entity
Unfunded commitments, year expected to be funded			2022
Variable Interest Entity, Not Primary Beneficiary \| CDC investments \| Qualified Affordable Housing Tax Credits \| Upper limit
Variable Interest Entity
Unfunded commitments, year expected to be funded			2039
Variable Interest Entity, Not Primary Beneficiary \| Private equity investments
Variable Interest Entity
Assets	165		$ 165		133
Unfunded commitment amounts			136		124
Capital contribution to private equity investments	12	$ 6	21	$ 7
Risk retention interests	301		301		$ 257
Variable Interest Entity, Not Primary Beneficiary \| Solar loan securitizations
Variable Interest Entity
Assets	11		11
Risk retention interests	$ 11		$ 11

Variable Interest Entities - In

Variable Interest Entities - Investments in Qualified Affordable Housing Tax Credits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Affordable Housing Investments
Variable Interest Entity [Line Items]
Impairment losses	$ 0	$ 0	$ 0	$ 0
Applicable income tax expense
Variable Interest Entity [Line Items]
Proportional amortization	42	43	77	87
Tax credits and other benefits	$ (50)	$ (50)	$ (91)	$ (101)

Sales of Receivables and Serv_3

Sales of Receivables and Servicing Rights - Activity Related to Mortgage Banking Net Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Transfers and Servicing [Abstract]
Residential mortgage loan sales	$ 3,103	$ 4,416	$ 6,502	$ 7,626
Origination fees and gains on loan sales	23	81	49	170
Gross mortgage servicing fees	$ 81	$ 59	$ 149	$ 117

Sales of Receivables and Serv_4

Sales of Receivables and Servicing Rights - Changes in the Servicing Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance, beginning of period			$ 1,121	$ 656
Servicing rights originated			101	103
Servicing rights purchased			191	109
Changes in fair value: Due to changes in inputs or assumptions	$ 84	$ (49)	275	103
Changes in fair value: Other changes in fair value			(106)	(153)
Balance, end of period	$ 1,582	$ 818	$ 1,582	$ 818

Sales of Receivables and Serv_5

Sales of Receivables and Servicing Rights - Activity Related to the MSR Portfolio (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Transfers and Servicing of Financial Assets [Abstract]
Securities (losses) gains, net – non-qualifying hedges on mortgage servicing rights	$ 0	$ 1	$ (1)	$ (1)
Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio	(103)	46	(284)	(88)
MSR fair value adjustments due to changes in inputs or assumptions	$ 84	$ (49)	$ 275	$ 103

Sales of Receivables and Serv_6

Sales of Receivables and Servicing Rights - Servicing Rights and Residual Interests Economic Assumptions (Details)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Fixed-rate
Schedule of Servicing Assets at Amortized Value
Weighted- Average Life (in years)	7 years 7 months 6 days	5 years 10 months 24 days
Prepayment Speed (annual) (as a percent)	8.40%	12.30%
OAS (bps)	7.95%	61,000%
Adjustable-rate
Schedule of Servicing Assets at Amortized Value
Weighted- Average Life (in years)	2 years 10 months 24 days	0 years
Prepayment Speed (annual) (as a percent)	27.30%	0%
OAS (bps)	7.89%	0%

Sales of Receivables and Serv_7

Sales of Receivables and Servicing Rights - Additional Information (Details) - USD ($) $ in Billions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Transfers and Servicing [Abstract]
Servicing of residential mortgage loans for other investors	$ 100.5	$ 89.2

Sales of Receivables and Serv_8

Sales of Receivables and Servicing Rights - Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Fixed-rate
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption
Fair Value	$ 1,576
Weighted- Average Life (in years)	9 years
Prepayment Speed Assumption, Rate (as a percent)	5.30%
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 10%	$ (36)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 20%	(68)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 50%	$ (152)
OAS Speed Assumption, OAS (bps)	7.96%
OAS Spread Assumption, Impact of Adverse Change on Fair Value 10%	$ (51)
OAS Spread Assumption, Impact of Adverse Change on Fair Value 20%	(98)
Adjustable-rate
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption
Fair Value	$ 6
Weighted- Average Life (in years)	4 years 10 months 24 days
Prepayment Speed Assumption, Rate (as a percent)	20.30%
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 10%	$ (1)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 20%	(1)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 50%	$ (2)
OAS Speed Assumption, OAS (bps)	12.04%
OAS Spread Assumption, Impact of Adverse Change on Fair Value 10%	$ 0
OAS Spread Assumption, Impact of Adverse Change on Fair Value 20%	$ 0

Derivative Financial Instrume_3

Derivative Financial Instruments - 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
Derivative
Amount of variation margin payment applied to derivative asset contracts	$ 956		$ 956		$ 771
Valuation adjustments related to the credit risk associated with counterparties of customer accommodation derivative contracts	11		11		20
Derivatives	1,596		1,596		464
Amount of variation margin payment applied to derivative liability contracts	518		518		570
Gain or losses reclassified from AOCI into earnings associated with the discontinuance of cash flow hedges	0	$ 0	0	$ 0
Notional amount of the risk participations agreements	3,721		3,721		3,780
Interest rate contracts \| Credit Risk
Derivative
Fair value of risk participation agreements	8		$ 8		8
Weighted-average remaining life			3 years 3 months 18 days
Cash Flow Hedging \| Interest rate contracts
Derivative
Maximum length of time of hedging exposure			114 months
Deferred gain (loss), net of tax, on cash flow hedges recorded in accumulated other comprehensive income	(63)		$ (63)		353
Net deferred gain (loss), net of tax, recorded in AOCI are expected to be reclassified into earnings	(77)		(77)
Total collateral
Derivative
Derivatives	1,300		1,300		1,100
Derivatives	$ 2,200		$ 2,200		$ 1,300

Derivative Financial Instrume_4

Derivative Financial Instruments - Notional Amounts and Fair Values for All Derivative Instruments Included in the Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value
Derivative Assets	$ 4,135	$ 2,908
Derivative Liabilities	4,379	2,013
Amount of variation margin payment applied to derivative asset contracts	956	771
Amount of variation margin payment applied to derivative liability contracts	518	570
Designated as Hedging Instrument \| Accumulated Net Gain (Loss) from Designated or Qualifying Hedges
Derivatives, Fair Value
Derivative Assets	201	522
Derivative Liabilities	86	3
Designated as Hedging Instrument \| Fair Value Hedging \| Accumulated Net Gain (Loss) from Designated or Qualifying Hedges
Derivatives, Fair Value
Derivative Assets	175	400
Derivative Liabilities	47	2
Designated as Hedging Instrument \| Fair Value Hedging \| Interest rate swap \| Accumulated Net Gain (Loss) from Designated or Qualifying Hedges \| Available-for-sale debt and other securities
Derivatives, Fair Value
Notional Amount		445
Derivative Assets		7
Derivative Liabilities		0
Designated as Hedging Instrument \| Fair Value Hedging \| Interest rate swap \| Accumulated Net Gain (Loss) from Designated or Qualifying Hedges \| Long-term debt
Derivatives, Fair Value
Notional Amount	2,955	1,955
Derivative Assets	175	393
Derivative Liabilities	47	2
Designated as Hedging Instrument \| Cash Flow Hedging \| Accumulated Net Gain (Loss) from Designated or Qualifying Hedges
Derivatives, Fair Value
Derivative Assets	26	122
Derivative Liabilities	39	1
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate swap \| Accumulated Net Gain (Loss) from Designated or Qualifying Hedges \| Commercial and industrial
Derivatives, Fair Value
Notional Amount	18,000	8,000
Derivative Assets	4	0
Derivative Liabilities	13	1
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate swap \| Accumulated Net Gain (Loss) from Designated or Qualifying Hedges \| Commercial Mortgage and Commercial Construction
Derivatives, Fair Value
Notional Amount	4,000	4,000
Derivative Assets	0	0
Derivative Liabilities	26	0
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate floor \| Accumulated Net Gain (Loss) from Designated or Qualifying Hedges \| Commercial and industrial
Derivatives, Fair Value
Notional Amount	3,000	3,000
Derivative Assets	22	122
Derivative Liabilities	0	0
Not Designated as Hedging Instrument
Derivatives, Fair Value
Derivative Assets	3,934	2,386
Derivative Liabilities	4,293	2,010
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes
Derivatives, Fair Value
Derivative Assets	97	147
Derivative Liabilities	227	221
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Interest rate contracts related to MSR portfolio
Derivatives, Fair Value
Notional Amount	3,875	6,260
Derivative Assets	77	140
Derivative Liabilities	18	0
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Forward contracts related to residential mortgage loans held for sale \| Loans held for sale
Derivatives, Fair Value
Notional Amount	2,381	1,952
Derivative Assets	11	2
Derivative Liabilities	9	2
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Swap
Derivatives, Fair Value
Notional Amount	3,196	3,545
Derivative Assets	0	0
Derivative Liabilities	199	214
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Foreign exchange contracts
Derivatives, Fair Value
Notional Amount	176	158
Derivative Assets	3	0
Derivative Liabilities	0	1
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Interest-only strips
Derivatives, Fair Value
Notional Amount	50
Derivative Assets	4
Derivative Liabilities	0
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Interest rate contracts for collateral management
Derivatives, Fair Value
Notional Amount	12,000	12,000
Derivative Assets	2	5
Derivative Liabilities	1	4
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Interest rate contracts for LIBOR transition
Derivatives, Fair Value
Notional Amount	2,372	2,372
Derivative Assets	0	0
Derivative Liabilities	0	0
Not Designated as Hedging Instrument \| Customer Accommodation
Derivatives, Fair Value
Derivative Assets	3,837	2,239
Derivative Liabilities	4,066	1,789
Not Designated as Hedging Instrument \| Customer Accommodation \| Foreign exchange contracts
Derivatives, Fair Value
Notional Amount	25,127	23,148
Derivative Assets	532	323
Derivative Liabilities	482	297
Not Designated as Hedging Instrument \| Customer Accommodation \| Interest rate contracts
Derivatives, Fair Value
Notional Amount	77,211	76,061
Derivative Assets	510	578
Derivative Liabilities	992	232
Amount of variation margin payment applied to derivative asset contracts	494	104
Amount of variation margin payment applied to derivative liability contracts	25	472
Not Designated as Hedging Instrument \| Customer Accommodation \| Interest rate lock commitments
Derivatives, Fair Value
Notional Amount	916	673
Derivative Assets	12	12
Derivative Liabilities	1	0
Not Designated as Hedging Instrument \| Customer Accommodation \| Commodity contracts
Derivatives, Fair Value
Notional Amount	15,160	12,376
Derivative Assets	2,783	1,326
Derivative Liabilities	2,591	1,260
Not Designated as Hedging Instrument \| Customer Accommodation \| TBA securities
Derivatives, Fair Value
Notional Amount	75	55
Derivative Assets	0	0
Derivative Liabilities	$ 0	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Change in the Fair Value for Interest Rate Contracts and the Related Hedged Items (Details) - Fair Value Hedging - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Long-term debt
Derivatives, Fair Value
Carrying amount of the hedged items	$ 3,072		$ 3,072		$ 2,339
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items	133		133		396
Available-for-sale debt and other securities
Derivatives, Fair Value
Carrying amount of the hedged items	0		0		465
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items	0		0		(8)
Cumulative amount of fair value hedging adjustments remaining for hedged items for which hedge accounting has been discontinued	(15)		(15)		$ 0
Interest rate contracts \| Interest on long-term debt
Derivatives, Fair Value
Change in fair value of interest rate swaps hedging financial instrument	(111)	$ 46	(263)	$ (99)
Change in fair value of hedged financial instrument attributable to the risk being hedged	111	(46)	263	99
Interest rate contracts \| Interest on securities
Derivatives, Fair Value
Change in fair value of interest rate swaps hedging financial instrument	0	0	8	0
Change in fair value of hedged financial instrument attributable to the risk being hedged	$ 0	$ 0	$ (8)	$ 0

Derivative Financial Instrume_6

Derivative Financial Instruments - Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges (Details) - Cash Flow Hedging - Interest Income (Expense) Net - 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]
Amount of pre-tax net (losses) gains recognized in OCI	$ 2	$ 11	$ (405)	$ (70)
Amount of pre-tax net gains reclassified from OCI into net income	$ 58	$ 73	$ 136	$ 146

Derivative Financial Instrume_7

Derivative Financial Instruments - Net Gains (Losses) Recorded in the Condensed Consolidated Statements of Income Relating to Free-Standing Derivative Instruments Used for Risk Management and Other Business Purposes (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)
Net gains (losses) recorded in earnings	$ (103)	$ 46	$ (284)	$ (88)
Forward contracts related to residential mortgage loans held for sale \| Mortgage banking net revenue \| Residential mortgages held for sale
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(31)	(58)	2	9
Interest rate contracts \| Mortgage banking net revenue \| MSR portfolio
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(103)	46	(284)	(88)
Foreign exchange contracts \| Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	5	(3)	3	(5)
Equity contracts \| Other noninterest income \| Swap
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ (18)	$ (37)	$ (29)	$ (50)

Derivative Financial Instrume_8

Derivative Financial Instruments - Risk Ratings of the Notional Amount of Risk Participation Agreements (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value
Notional amount of the risk participations agreements	$ 3,721	$ 3,780
Pass
Derivatives, Fair Value
Notional amount of the risk participations agreements	3,687	3,733
Special mention
Derivatives, Fair Value
Notional amount of the risk participations agreements	0	13
Substandard
Derivatives, Fair Value
Notional amount of the risk participations agreements	$ 34	$ 34

Derivative Financial Instrume_9

Derivative Financial Instruments - Net Gains (Losses) Recorded in the Consolidated Statements of Income Relating to Free-Standing Derivative Instruments Used For Customer Accommodation (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)
Net gains (losses) recorded in earnings	$ (103)	$ 46	$ (284)	$ (88)
Interest rate contracts \| Contract revenue \| Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	10	12	26	19
Interest rate contracts \| Credit portion of fair value adjustment \| Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	3	1	9	16
Interest rate contracts \| Interest rate lock commitments \| Mortgage banking net revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	11	57	11	89
Commodity contracts \| Contract revenue \| Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	9	6	18	11
Commodity contracts \| Credit portion of fair value adjustment \| Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(1)	(1)	(2)	0
Foreign exchange contracts \| Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	5	(3)	3	(5)
Foreign exchange contracts \| Contract revenue \| Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	20	16	36	30
Foreign exchange contracts \| Contract revenue \| Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	8	(2)	10	(1)
Foreign exchange contracts \| Credit portion of fair value adjustment \| Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ (2)	$ 0	$ (2)	$ 0

Derivative Financial Instrum_10

Derivative Financial Instruments - Offsetting Derivative Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative assets
Gross Amount Recognized in the Condensed Consolidated Balance Sheets	$ 4,123	$ 2,896
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Derivatives	(1,587)	(837)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral	(475)	(548)
Net Amount	2,061	1,511
Derivative liabilities
Gross Amount Recognized in the Condensed Consolidated Balance Sheets	4,378	2,013
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Derivatives	(1,587)	(837)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral	(1,195)	(712)
Net Amount	$ 1,596	$ 464

Other Short-Term Borrowings (De

Other Short-Term Borrowings (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Short-Term Debt [Abstract]
FHLB advances	$ 6,250	$ 0
Securities sold under repurchase agreements	449	544
Derivative collateral	358	436
Other short-term borrowings	$ 7,057	$ 980

Long-Term Debt (Details)

Long-Term Debt (Details) - Parent Company - Senior Notes $ in Millions	Apr. 25, 2022 USD ($)
Fixed Rate/Floating Rate Senior Notes Due April 2028 And 2033
Subsequent Event [Line Items]
Principal amount	$ 1,000
Fixed Rate/Floating Rate Senior Notes Due April 2028 And 2033 \| One year prior to maturity date
Subsequent Event [Line Items]
Redemption period	1 year
Fixed Rate/Floating Rate 4.055 Percent Senior Notes Due April 2028
Subsequent Event [Line Items]
Principal amount	$ 400
Interest rate	4.055%
Fixed Rate/Floating Rate 4.055 Percent Senior Notes Due April 2028 \| 30 days or 90 days prior to maturity date
Subsequent Event [Line Items]
Redemption period	30 days
Fixed Rate/Floating Rate 4.055 Percent Senior Notes Due April 2028 \| SOFR
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	1.355%
Fixed Rate/Floating Rate 4.055 Percent Senior Notes Due April 2028 \| LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	1.239%
Fixed Rate/Floating Rate 4.337 Percent Senior Notes Due April 2033
Subsequent Event [Line Items]
Principal amount	$ 600
Interest rate	4.337%
Fixed Rate/Floating Rate 4.337 Percent Senior Notes Due April 2033 \| 30 days or 90 days prior to maturity date
Subsequent Event [Line Items]
Redemption period	90 days
Fixed Rate/Floating Rate 4.337 Percent Senior Notes Due April 2033 \| SOFR
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	1.66%
Fixed Rate/Floating Rate 4.337 Percent Senior Notes Due April 2033 \| LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	1.543%

Commitments, Contingent Liabi_3

Commitments, Contingent Liabilities and Guarantees - Summary of Significant Commitments (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Commitments to extend credit
Long-term Purchase Commitment
Commitments	$ 81,093	$ 80,641
Forward contracts related to residential mortgage loans held for sale
Long-term Purchase Commitment
Commitments	2,381	1,952
Letters of credit
Long-term Purchase Commitment
Commitments	2,053	1,953
Capital commitments for private equity investments
Long-term Purchase Commitment
Commitments	136	124
Purchase obligations
Long-term Purchase Commitment
Commitments	135	160
Capital expenditures
Long-term Purchase Commitment
Commitments	$ 82	$ 78

Commitments, Contingent Liabi_4

Commitments, Contingent Liabilities and Guarantees - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2019	Sep. 30, 2018	Dec. 31, 2014	Dec. 31, 2012	Jun. 30, 2012	Sep. 30, 2011	Dec. 31, 2010	Sep. 30, 2010	Dec. 31, 2008
Loss Contingencies
Margin account balance held by the brokerage clearing agent	$ 8		$ 8		$ 20
Visa
Loss Contingencies
Fair value of liability	199		199		214
Visa IPO, shares of Visa's Class B common stock received														10.1
Visa Class B shares carryover basis														$ 0
Escrow deposit	600		600		250	$ 300	$ 600	$ 450	$ 150	$ 1,565	$ 400	$ 800	$ 500	$ 3,000
Residential mortgage loans
Loss Contingencies
Fair value of liability	10		10
Make-Whole payments	0	$ 0	0	$ 1
Repurchased outstanding principal	15	9	28	19
Repurchase demand request	21	$ 18	44	$ 28
Outstanding repurchase demand inventory	12		12		18
Secured Debt
Loss Contingencies
Fully and unconditionally guaranteed certain long-term borrowing obligations issued by wholly-owned issuing trust entities	62		62		62
Standby Letters of Credit
Loss Contingencies
Reserve for unfunded commitments	$ 25		$ 25		$ 24
Standby letters of credit as a percentage of total letters of credit	99%		99%		99%
Standby Letters of Credit \| Secured Debt
Loss Contingencies
Standby letters of credit as a percentage of total letters of credit	68%		68%		71%
Variable Rate Demand Note
Loss Contingencies
Total variable rate demand notes	$ 441		$ 441		$ 464
Letters of credit issued related to variable rate demand notes	113		113		118
Variable Rate Demand Note \| Trading Securities
Loss Contingencies
Total variable rate demand notes	0		0		1
Other Liabilities
Loss Contingencies
Reserve for unfunded commitments	188		188		182
Other Liabilities \| Residential mortgage loans
Loss Contingencies
Outstanding balances on residential mortgage loans sold with representation and warranty provisions	$ 9		$ 9		$ 9

Commitments, Contingent Liabi_5

Commitments, Contingent Liabilities and Guarantees - Risk Rating Under the Risk Rating System (Details) - Commitments to extend credit - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Line of Credit Facility
Commitments	$ 81,093	$ 80,641
Pass
Line of Credit Facility
Commitments	79,286	78,298
Special mention
Line of Credit Facility
Commitments	658	1,058
Substandard
Line of Credit Facility
Commitments	$ 1,149	$ 1,285

Commitments, Contingent Liabi_6

Commitments, Contingent Liabilities and Guarantees - Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party (Details) - Letters of credit $ in Millions	Jun. 30, 2022 USD ($)
Line of Credit Facility
Commitments	$ 2,053
Less than 1 year
Line of Credit Facility
Commitments	992
Less than 1 year \| Commercial
Line of Credit Facility
Commitments	1
1 - 5 years
Line of Credit Facility
Commitments	1,060
1 - 5 years \| Commercial
Line of Credit Facility
Commitments	3
Over 5 years
Line of Credit Facility
Commitments	$ 1

Commitments, Contingent Liabi_7

Commitments, Contingent Liabilities and Guarantees - Letters of Credit (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	$ 2,053	$ 1,953
Pass
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	1,877	1,778
Special mention
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	41	40
Substandard
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	$ 135	$ 135

Commitments, Contingent Liabi_8

Commitments, Contingent Liabilities and Guarantees - Visa Funding and Bancorp Cash Payments (Details) - USD ($) $ in Millions		3 Months Ended
	Jul. 15, 2022	Dec. 31, 2021	Sep. 30, 2019	Jun. 30, 2018	Sep. 30, 2014	Sep. 30, 2012	Mar. 31, 2012	Jun. 30, 2011	Dec. 31, 2010	Jun. 30, 2010	Jun. 30, 2022	Dec. 31, 2019	Sep. 30, 2018	Dec. 31, 2014	Dec. 31, 2012	Jun. 30, 2012	Sep. 30, 2011	Sep. 30, 2010	Dec. 31, 2008
Visa Funding
Loss Contingencies
Escrow Deposit		$ 250							$ 800		$ 600	$ 300	$ 600	$ 450	$ 150	$ 1,565	$ 400	$ 500	$ 3,000
Bancorp Cash Payment
Loss Contingencies
Cash Payment Amount		$ 11	$ 12	$ 26	$ 18	$ 6	$ 75	$ 19	$ 35	$ 20
Bancorp Cash Payment \| Subsequent Event
Loss Contingencies
Cash Payment Amount	$ 25

Legal and Regulatory Proceedi_2

Legal and Regulatory Proceedings (Details) $ in Millions					12 Months Ended
Legal and Regulatory Proceedings (Details) $ in Millions	May 28, 2019 USD ($)	Sep. 17, 2018 USD ($)	Mar. 27, 2017 merchant	Aug. 31, 2015 USD ($)	Dec. 31, 2013 class_action	Jun. 30, 2022 USD ($)	Nov. 04, 2020 class_action	Apr. 07, 2020 class_action	Dec. 18, 2019 claim	Aug. 03, 2012
Loss Contingencies
Apr percentage allegedly misleading										120%
Number of putative class actions filed \| class_action					4
Damages sought	$ 280
Amount in excess of amounts reserved						$ 60
Helton v Fifth Third Bank
Loss Contingencies
Damages sought				$ 800
Number of pending claims \| claim									1
Shareholder Litigation, Lee Christakis
Loss Contingencies
Number of pending claims \| class_action								2
Shareholder Derivative Lawsuit
Loss Contingencies
Number of pending claims \| class_action							5
Class Action Settlement
Loss Contingencies
Total payment by all defendants		$ 6,240
Amount awarded to other party, escrow		5,340
Amount awarded to other party, additional		900
Escrow funds returned to defendants		$ 700
Federal Lawsuits
Loss Contingencies
Number of merchants requesting exclusion \| merchant			500

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Applicable income tax expense	$ 162	$ 202	$ 279	$ 391
Effective income tax rate	22.40%	22.10%	20.90%	21.80%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Activity in AOCI (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) [Line Items]
Other comprehensive income (loss), pre-tax activity	$ (2,019)	$ 239	$ (5,011)	$ (813)
Other comprehensive income (loss), tax effect	471	(57)	1,160	186
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	20,177	22,595	22,210	23,111
Other comprehensive (loss) income, net of tax	(1,548)	182	(3,851)	(627)
Balance	18,970	22,926	18,970	22,926
AOCI
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(1,096)	1,792	1,207	2,601
Other comprehensive (loss) income, net of tax	(1,548)	182	(3,851)	(627)
Balance	(2,644)	1,974	(2,644)	1,974
Available-for-sale debt securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity	(1,964)	306	(4,469)	(609)
Other comprehensive income (loss), before reclassifications, tax effect	458	(71)	1,034	143
Other comprehensive income (loss), before reclassifications, net activity	(1,506)	235	(3,435)	(466)
Reclassification adjustment, pre-tax activity	0	(7)	(3)	9
Reclassification adjustment, tax effect	0	2	1	(2)
Reclassification adjustment, net activity	0	(5)	(2)	7
Other comprehensive income (loss), pre-tax activity	(1,964)	299	(4,472)	(600)
Other comprehensive income (loss), tax effect	458	(69)	1,035	141
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(1,040)	1,242	891	1,931
Other comprehensive (loss) income, net of tax	(1,506)	230	(3,437)	(459)
Balance	(2,546)	1,472	(2,546)	1,472
Cash flow hedge derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity	2	11	(405)	(70)
Other comprehensive income (loss), before reclassifications, tax effect	0	(2)	95	15
Other comprehensive income (loss), before reclassifications, net activity	2	9	(310)	(55)
Reclassification adjustment, pre-tax activity	(58)	(73)	(136)	(146)
Reclassification adjustment, tax effect	13	15	30	31
Reclassification adjustment, net activity	(45)	(58)	(106)	(115)
Other comprehensive income (loss), pre-tax activity	(56)	(62)	(541)	(216)
Other comprehensive income (loss), tax effect	13	13	125	46
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(20)	597	353	718
Other comprehensive (loss) income, net of tax	(43)	(49)	(416)	(170)
Balance	(63)	548	(63)	548
Defined benefit pension plants, net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity	(1)	(1)	(1)	(1)
Other comprehensive income (loss), before reclassifications, tax effect	0	0	0	0
Other comprehensive income (loss), before reclassifications, net activity	(1)	(1)	(1)
Reclassification adjustment, pre-tax activity	2	3	3	4
Reclassification adjustment, tax effect	0	(1)	0	(1)
Reclassification adjustment, net activity	2	2	3	3
Other comprehensive income (loss), pre-tax activity	1	2	2	3
Other comprehensive income (loss), tax effect	0	(1)	0	(1)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(32)	(43)	(33)	(44)
Other comprehensive (loss) income, net of tax	1	1	2	2
Balance	(31)	(42)	(31)	(42)
Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), pre-tax activity	0	0	0	0
Other comprehensive income (loss), tax effect	0	0	0	0
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance	(4)	(4)	(4)	(4)
Other comprehensive (loss) income, net of tax	0	0	0	0
Balance	$ (4)	$ (4)	$ (4)	$ (4)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Reclassification Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Securities (losses) gains, net	$ (32)	$ 10	$ (47)	$ 13
Interest and fees on loans and leases	1,081	1,035	2,062	2,064
Compensation and benefits	584	638	1,295	1,343
Income (loss) before income taxes	724	911	1,335	1,794
Applicable income tax expense	(162)	(202)	(279)	(391)
Net income	562	709	1,056	1,403
Reclassification out of AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net income	43	61	105	105
Reclassification out of AOCI \| Available-for-sale debt securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Securities (losses) gains, net	0	7	3	(9)
Income (loss) before income taxes	0	7	3	(9)
Applicable income tax expense	0	(2)	(1)	2
Net income	0	5	2	(7)
Reclassification out of AOCI \| Net unrealized gains on cash flow hedge
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest and fees on loans and leases	58	73	136	146
Income (loss) before income taxes	58	73	136	146
Applicable income tax expense	(13)	(15)	(30)	(31)
Net income	45	58	106	115
Reclassification out of AOCI \| Net periodic benefit costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income (loss) before income taxes	(2)	(3)	(3)	(4)
Applicable income tax expense	0	1	0	1
Net income	(2)	(2)	(3)	(3)
Reclassification out of AOCI \| Amortization of net actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Compensation and benefits	(1)	(2)	(2)	(3)
Reclassification out of AOCI \| Settlements
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Compensation and benefits	$ (1)	$ (1)	$ (1)	$ (1)

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share:
Net income available to common shareholders	$ 526	$ 674	$ 1,000	$ 1,348
Less: Income allocated to participating securities	1	1	1	4
Net income allocated to common shareholders	$ 525	$ 673	$ 999	$ 1,344
Average shares	689,018,541	708,832,787	688,282,355	711,617,331
Earnings per share (in dollars per share)	$ 0.76	$ 0.95	$ 1.45	$ 1.89
Earnings Per Diluted Share:
Net income available to common shareholders	$ 526	$ 674	$ 1,000	$ 1,348
Stock-based awards	0	0	0	0
Less: Income allocated to participating securities	1	1	1	4
Net income allocated to common shareholders	$ 525	$ 673	$ 999	$ 1,344
Average shares, stock based awards	6,000,000	9,000,000	8,000,000	9,000,000
Average shares	694,804,715	718,084,745	695,519,583	720,740,176
Earnings per diluted share (in dollars per share)	$ 0.76	$ 0.94	$ 1.44	$ 1.87

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Anti-dilutive securities	3	0	2	0

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Assets:
Available-for-sale debt and other securities	[1]	$ 52,837	$ 38,110
Equity securities		326	376
Derivative assets		4,123	2,896
Liabilities:
Derivative liabilities		4,378	2,013
Residential Mortgage
Assets:
Residential mortgage loans		133	154	$ 151
U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		2,093	86
Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		18	18
Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		6,338	5,275
Other securities
Assets:
Available-for-sale debt and other securities		806	519
Liabilities:
FHLB, restricted stock holdings		315	30
FRB, restricted stock holdings		489	486
DTCC, restricted stock holdings		2	3
Level 3 \| Interest rate contracts
Assets:
Derivative assets		17		39
Liabilities:
Derivative liabilities		9		$ 8
Recurring
Assets:
Available-for-sale debt and other securities		52,031	37,591
Trading debt securities		293	512
Equity securities		326	376
Residential mortgage loans held for sale		1,406	1,023
Derivative assets		4,135	2,908
Total assets		59,906	43,685
Liabilities:
Derivative liabilities		4,379	2,013
Short positions		203	297
Total liabilities		4,582	2,310
Recurring \| Interest rate contracts
Assets:
Derivative assets		817	1,259
Liabilities:
Derivative liabilities		1,107	241
Recurring \| Foreign exchange contracts
Assets:
Derivative assets		535	323
Liabilities:
Derivative liabilities		482	298
Recurring \| Equity contracts
Liabilities:
Derivative liabilities		199	214
Recurring \| Commodity contracts
Assets:
Derivative assets		2,783	1,326
Liabilities:
Derivative liabilities		2,591	1,260
Recurring \| Servicing rights
Assets:
Servicing rights		1,582	1,121
Recurring \| Residential Mortgage
Assets:
Residential mortgage loans		133	154
Recurring \| U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		2,093	86
Trading debt securities		30	84
Liabilities:
Short positions		62	96
Recurring \| Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		18	18
Trading debt securities		25	32
Recurring \| Agency mortgage-backed securities \| Residential Mortgage
Assets:
Available-for-sale debt and other securities		11,939	8,782
Trading debt securities		15	105
Recurring \| Agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities		26,873	18,951
Recurring \| Non-agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities		4,770	4,479
Recurring \| Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		6,338	5,275
Trading debt securities		223	291
Liabilities:
Short positions		141	201
Recurring \| Level 1
Assets:
Available-for-sale debt and other securities		2,093	86
Trading debt securities		9	72
Equity securities		316	365
Residential mortgage loans held for sale		0	0
Derivative assets		60	28
Total assets		2,478	551
Liabilities:
Derivative liabilities		528	287
Short positions		62	96
Total liabilities		590	383
Recurring \| Level 1 \| Interest rate contracts
Assets:
Derivative assets		11	2
Liabilities:
Derivative liabilities		9	2
Recurring \| Level 1 \| Foreign exchange contracts
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring \| Level 1 \| Equity contracts
Liabilities:
Derivative liabilities		0	0
Recurring \| Level 1 \| Commodity contracts
Assets:
Derivative assets		49	26
Liabilities:
Derivative liabilities		519	285
Recurring \| Level 1 \| Servicing rights
Assets:
Servicing rights		0	0
Recurring \| Level 1 \| Residential Mortgage
Assets:
Residential mortgage loans		0	0
Recurring \| Level 1 \| U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		2,093	86
Trading debt securities		9	72
Liabilities:
Short positions		62	96
Recurring \| Level 1 \| Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Recurring \| Level 1 \| Agency mortgage-backed securities \| Residential Mortgage
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Recurring \| Level 1 \| Agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities		0	0
Recurring \| Level 1 \| Non-agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities		0	0
Recurring \| Level 1 \| Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Liabilities:
Short positions		0	0
Recurring \| Level 2
Assets:
Available-for-sale debt and other securities		49,938	37,505
Trading debt securities		284	440
Equity securities		10	11
Residential mortgage loans held for sale		1,406	1,023
Derivative assets		4,058	2,868
Total assets		55,696	41,847
Liabilities:
Derivative liabilities		3,643	1,504
Short positions		141	201
Total liabilities		3,784	1,705
Recurring \| Level 2 \| Interest rate contracts
Assets:
Derivative assets		789	1,245
Liabilities:
Derivative liabilities		1,089	231
Recurring \| Level 2 \| Foreign exchange contracts
Assets:
Derivative assets		535	323
Liabilities:
Derivative liabilities		482	298
Recurring \| Level 2 \| Equity contracts
Liabilities:
Derivative liabilities		0	0
Recurring \| Level 2 \| Commodity contracts
Assets:
Derivative assets		2,734	1,300
Liabilities:
Derivative liabilities		2,072	975
Recurring \| Level 2 \| Servicing rights
Assets:
Servicing rights		0	0
Recurring \| Level 2 \| Residential Mortgage
Assets:
Residential mortgage loans		0	0
Recurring \| Level 2 \| U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		21	12
Liabilities:
Short positions		0	0
Recurring \| Level 2 \| Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		18	18
Trading debt securities		25	32
Recurring \| Level 2 \| Agency mortgage-backed securities \| Residential Mortgage
Assets:
Available-for-sale debt and other securities		11,939	8,782
Trading debt securities		15	105
Recurring \| Level 2 \| Agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities		26,873	18,951
Recurring \| Level 2 \| Non-agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities		4,770	4,479
Recurring \| Level 2 \| Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		6,338	5,275
Trading debt securities		223	291
Liabilities:
Short positions		141	201
Recurring \| Level 3
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Equity securities		0	0
Residential mortgage loans held for sale		0	0
Derivative assets		17	12
Total assets		1,732	1,287
Liabilities:
Derivative liabilities		208	222
Short positions		0	0
Total liabilities		208	222
Recurring \| Level 3 \| Interest rate contracts
Assets:
Derivative assets		17	12
Liabilities:
Derivative liabilities		9	8
Recurring \| Level 3 \| Foreign exchange contracts
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring \| Level 3 \| Equity contracts
Liabilities:
Derivative liabilities		199	214
Recurring \| Level 3 \| Commodity contracts
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring \| Level 3 \| Servicing rights
Assets:
Servicing rights		1,582	1,121
Recurring \| Level 3 \| Residential Mortgage
Assets:
Residential mortgage loans		133	154
Recurring \| Level 3 \| U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Liabilities:
Short positions		0	0
Recurring \| Level 3 \| Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Recurring \| Level 3 \| Agency mortgage-backed securities \| Residential Mortgage
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Recurring \| Level 3 \| Agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities		0	0
Recurring \| Level 3 \| Non-agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities		0	0
Recurring \| Level 3 \| Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities		0	0
Trading debt securities		0	0
Liabilities:
Short positions		$ 0	$ 0

[1]Amortized cost of $56,140 and $36,941 at June 30, 2022 and December 31, 2021, respectively.

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Net fair value of the interest rate lock commitments	$ 11		$ 11
Change in the fair value of the interest rate lock commitments, due to decrease in current interest rates of 25 bps	7		7
Change in the fair value of the interest rate lock commitments, due to decrease in current interest rates of 50 bps	13		13
Change in the fair value of the interest rate lock commitments, due to increase in current interest rates of 25 bps	8		8
Change in the fair value of the interest rate lock commitments, due to increase in current interest rates of 50 bps	17		17
Change in fair value of interest rate lock commitments, due to 10% adverse changes in the assumed loan closing rates	1		1
Change in fair value of interest rate lock commitments, due to 20% adverse changes in the assumed loan closing rates	2		2
Change in fair value of interest rate lock commitments, due to 10% favorable changes in the assumed loan closing rates	1		1
Change in fair value of interest rate lock commitments, due to 20% favorable changes in the assumed loan closing rates	2		2
Gain resulting from observable price changes	0	$ 0	4	$ 0
Private equity, cumulative observable price change	72		72
Private equity, impairment	1	0	11	0
Private equity, cumulative impairment	35		35
Fair value of embedded derivatives					$ 89
Gain on embedded derivatives	0		11	1
Loss on embedded derivatives		8
Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value changes included in earnings for instruments for which the fair value option was elected			(9)	59
Commercial loans held for sale \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value gains (losses)		0		1
Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value adjustment	0	0	1	0
Other Real Estate Owned \| Transfer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value gains (losses)	$ 0	$ 0	$ 0	$ (6)

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (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
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation
Derivative assets	$ 4,123		$ 4,123		$ 2,896
Derivative liabilities	4,378		4,378		$ 2,013
Unrealized gains or losses included in other comprehensive income for instruments still held	0	$ 0	0	$ 0
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	1,389	772	1,065	669
Total (losses) gains (realized/unrealized) included in earnings	19	(102)	140	(10)
Purchases/originations/acquisitions	110	156	294	211
Settlements	5	(49)	18	(103)
Transfers into Level 3	1	10	7	20
Balance, end of period	1,524	787	1,524	787
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	52	(56)	238	58
Interest rate contracts \| Level 3
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation
Derivative assets	17	39	17	39
Derivative liabilities	9	8	9	8
Servicing Rights
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	1,444	784	1,121	656
Total (losses) gains (realized/unrealized) included in earnings	32	(122)	169	(50)
Purchases/originations/acquisitions	106	156	292	212
Settlements	0	0	0	0
Transfers into Level 3	0	0	0	0
Balance, end of period	1,582	818	1,582	818
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	65	(56)	267	69
Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	(2)	30	4	53
Total (losses) gains (realized/unrealized) included in earnings	12	57	13	91
Purchases/originations/acquisitions	4	0	2	(1)
Settlements	(6)	(56)	(11)	(112)
Transfers into Level 3	0	0	0	0
Balance, end of period	8	31	8	31
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	12	37	13	40
Equity Derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	(198)	(195)	(214)	(201)
Total (losses) gains (realized/unrealized) included in earnings	(18)	(37)	(29)	(50)
Purchases/originations/acquisitions	0	0	0	0
Settlements	17	19	44	38
Transfers into Level 3	0	0	0	0
Balance, end of period	(199)	(213)	(199)	(213)
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	(18)	(37)	(29)	(50)
Residential Mortgage Loans
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	145	153	154	161
Total (losses) gains (realized/unrealized) included in earnings	(7)	0	(13)	(1)
Purchases/originations/acquisitions	0	0	0	0
Settlements	(6)	(12)	(15)	(29)
Transfers into Level 3	1	10	7	20
Balance, end of period	133	151	133	151
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	$ (7)	$ 0	$ (13)	$ (1)

Fair Value Measurements - Total

Fair Value Measurements - Total Gains and Losses Included in Earnings for Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Details) - Level 3 - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	$ 19	$ (102)	$ 140	$ (10)
Mortgage banking net revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	36	(66)	167	39
Commercial banking revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	1	1	2	1
Other noninterest income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	$ (18)	$ (37)	$ (29)	$ (50)

Fair Value Measurements - Tot_2

Fair Value Measurements - Total Gains and Losses Included in Earning Attributable to Changes in Unrealized Gains and Losses Related to Level 3 Assets and Liabilities Still Held at Year End (Details) - Level 3 - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	$ 52	$ (56)	$ 238	$ 58
Mortgage banking net revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	69	(20)	265	107
Commercial banking revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	1	1	2	1
Other noninterest income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	$ (18)	$ (37)	$ (29)	$ (50)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable Level 3 Inputs Recurring Basis) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative assets	$ 4,123		$ 2,896
Derivative liabilities	(4,378)		(2,013)
Servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Servicing rights	$ 1,582	$ 818
Servicing rights \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	0%	0%
OAS (bps)	6.15%	4.06%
Servicing rights \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	100%	100%
OAS (bps)	15.13%	15.87%
Servicing rights \| Fixed \| Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	5.30%	14.50%
OAS (bps)	7.96%	5.42%
Servicing rights \| Adjustable \| Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	20.30%	21.60%
OAS (bps)	12.04%	9.78%
IRLCs, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative assets	$ 11	$ 39
IRLCs, net \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	34.50%	10%
IRLCs, net \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	98.50%	97.20%
IRLCs, net \| Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	86.90%	76.50%
Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative liabilities	$ (199)	$ (213)
Swap \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Timing of the resolution of the Covered Litigation	Sep. 30, 2023	Mar. 31, 2023
Swap \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Timing of the resolution of the Covered Litigation	Sep. 30, 2026	Mar. 31, 2025
Swap \| Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Timing of the resolution of the Covered Litigation	Dec. 31, 2024	Dec. 31, 2023
Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loans measured at FV	$ 133	$ 151	$ 154
Residential Mortgage \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	(19.20%)	(9.20%)
Credit risk factor	0%	0%
Residential Mortgage \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	4.40%	9%
Credit risk factor	23.30%	24.80%
Residential Mortgage \| Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	(8.30%)	1.10%
Credit risk factor	0.20%	0.50%

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 313	$ 503	$ 313	$ 503
Total (Losses) Gains	(17)	(39)	(56)	(77)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	9	1	9	1
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	304	502	304	502
Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	115	140	115	140
Total (Losses) Gains	0	1	0	(1)
Consumer \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Consumer \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Consumer \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	115	140	115	140
Commercial loans held for sale \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		2		2
Total (Losses) Gains		0		1
Commercial loans held for sale \| Commercial \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		0		0
Commercial loans held for sale \| Commercial \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		0		0
Commercial loans held for sale \| Commercial \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		2		2
Commercial loans and leases \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	180	313	180	313
Total (Losses) Gains	(15)	(39)	(47)	(44)
Commercial loans and leases \| Commercial \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Commercial loans and leases \| Commercial \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Commercial loans and leases \| Commercial \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	180	313	180	313
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	6	2	6
Total (Losses) Gains	0	0	1	(6)
OREO \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
OREO \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
OREO \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	6	2	6
Property and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	7	2	7
Total (Losses) Gains	(1)	(1)	(1)	(2)
Property and equipment \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Property and equipment \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Property and equipment \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	7	2	7
Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	5	34	5	34
Total (Losses) Gains	0	0	(2)	(25)
Operating lease equipment \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Operating lease equipment \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Operating lease equipment \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	5	34	5	34
Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	9	1	9	1
Total (Losses) Gains	(1)	0	(7)	0
Private equity investments \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Private equity investments \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	9	1	9	1
Private equity investments \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable Level 3 Inputs Nonrecurring Basis) (Details) - Nonrecurring - USD ($) $ in Millions	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 313	$ 503
Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	115	140
Commercial loans held for sale \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		2
Commercial loans and leases \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	180	313
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	6
Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	7
Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	5	34
Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	9	1
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	304	502
Level 3 \| Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	115	140
Level 3 \| Commercial loans held for sale \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		2
Level 3 \| Commercial loans and leases \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	180	313
Level 3 \| OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	6
Level 3 \| Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	7
Level 3 \| Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	5	34
Level 3 \| Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0
Level 3 \| Comparable Company Analysis \| Commercial loans held for sale \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value		2
Level 3 \| Appraised Value \| Commercial loans and leases \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	180	313
Level 3 \| Appraised Value \| Consumer and residential mortgage loans \| Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	115	140
Level 3 \| Appraised Value \| OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	6
Level 3 \| Appraised Value \| Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	2	7
Level 3 \| Appraised Value \| Operating lease equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 5	$ 34

Fair Value Measurements - Diffe

Fair Value Measurements - Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance for Residential Mortgage Loans Measured at Fair Value (Details) - Residential mortgage loans - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Aggregate fair value
Loans measured at fair value	$ 1,539	$ 1,177
Past due loans of 90 days or more	0	3
Non accrual loans	3	0
Aggregate unpaid principal balance
Loans measured at fair value	1,530	1,149
Past due loans of 90 days or more	0	3
Non accrual loans	3	0
Difference
Loans measured at fair value	9	28
Past due loans of 90 days or more	0	0
Non accrual loans	$ 0	$ 0

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Amounts and Estimated Fair Values for Certain Financial Instruments (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Financial assets:
Cash and due from banks		$ 3,437	$ 2,994
Other short-term investments	[1]	7,419	34,572
Held-to-maturity securities		5	8
Loans and leases held for sale	[2]	2,542	4,415
Total portfolio loans and leases, net		116,809	110,158
Financial liabilities:
Deposits		161,174	169,324
Federal funds purchased		711	281
Other short-term borrowings		7,057	980
Long-term debt	[1]	10,990	11,821
Commercial
Financial assets:
Total portfolio loans and leases, net		75,050	70,268
Consumer
Financial assets:
Total portfolio loans and leases, net		43,773	41,782
Net Carrying Amount
Financial assets:
Cash and due from banks		3,437	2,994
Other short-term investments		7,419	34,572
Other securities		806	519
Held-to-maturity securities		5	8
Loans and leases held for sale		1,136	3,392
Total portfolio loans and leases, net		116,676	110,004
Financial liabilities:
Deposits		161,174	169,324
Federal funds purchased		711	281
Other short-term borrowings		7,057	980
Long-term debt		10,857	11,425
Net Carrying Amount \| Commercial
Financial assets:
Total portfolio loans and leases, net		73,885	69,166
Net Carrying Amount \| Consumer
Financial assets:
Total portfolio loans and leases, net		42,791	40,838
Total Fair Value
Financial assets:
Cash and due from banks		3,437	2,994
Other short-term investments		7,419	34,572
Other securities		806	519
Held-to-maturity securities		5	8
Loans and leases held for sale		1,144	3,405
Total portfolio loans and leases, net		116,115	111,556
Financial liabilities:
Deposits		161,134	169,316
Federal funds purchased		711	281
Other short-term borrowings		7,050	980
Long-term debt		10,881	12,478
Total Fair Value \| Commercial
Financial assets:
Total portfolio loans and leases, net		73,863	69,924
Total Fair Value \| Consumer
Financial assets:
Total portfolio loans and leases, net		42,252	41,632
Total Fair Value \| Level 1
Financial assets:
Cash and due from banks		3,437	2,994
Other short-term investments		7,419	34,572
Other securities		0	0
Held-to-maturity securities		0	0
Loans and leases held for sale		0	0
Total portfolio loans and leases, net		0	0
Financial liabilities:
Deposits		0	0
Federal funds purchased		711	281
Other short-term borrowings		0	0
Long-term debt		10,470	12,091
Total Fair Value \| Level 1 \| Commercial
Financial assets:
Total portfolio loans and leases, net		0	0
Total Fair Value \| Level 1 \| Consumer
Financial assets:
Total portfolio loans and leases, net		0	0
Total Fair Value \| Level 2
Financial assets:
Cash and due from banks		0	0
Other short-term investments		0	0
Other securities		806	519
Held-to-maturity securities		0	0
Loans and leases held for sale		0	0
Total portfolio loans and leases, net		0	0
Financial liabilities:
Deposits		161,134	169,316
Federal funds purchased		0	0
Other short-term borrowings		7,050	980
Long-term debt		411	387
Total Fair Value \| Level 2 \| Commercial
Financial assets:
Total portfolio loans and leases, net		0	0
Total Fair Value \| Level 2 \| Consumer
Financial assets:
Total portfolio loans and leases, net		0	0
Total Fair Value \| Level 3
Financial assets:
Cash and due from banks		0	0
Other short-term investments		0	0
Other securities		0	0
Held-to-maturity securities		5	8
Loans and leases held for sale		1,144	3,405
Total portfolio loans and leases, net		116,115	111,556
Financial liabilities:
Deposits		0	0
Federal funds purchased		0	0
Other short-term borrowings		0	0
Long-term debt		0	0
Total Fair Value \| Level 3 \| Commercial
Financial assets:
Total portfolio loans and leases, net		73,863	69,924
Total Fair Value \| Level 3 \| Consumer
Financial assets:
Total portfolio loans and leases, net		$ 42,252	$ 41,632

[1]Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.[2]Includes $1,406 and $1,023 of residential mortgage loans held for sale measured at fair value at June 30, 2022 and December 31, 2021, respectively.

Business Segments - Narrative (

Business Segments - Narrative (Details)	6 Months Ended
Business Segments - Narrative (Details)	Jun. 30, 2022 segment center
Segment Reporting Information
Number of business segments \| segment	4
Branch Banking
Segment Reporting Information
Full-service banking centers \| center	1,080

Business Segments - Results of

Business Segments - Results of Operations and Average Assets by Segment (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	Dec. 31, 2020
Segment Reporting Information
Total goodwill	$ 4,926	$ 4,259	$ 4,926	$ 4,259	$ 4,514	$ 4,258
Total assets	206,782	205,390	206,782	205,390
Net interest income	1,339	1,208	2,534	2,385
Provision for (benefit from) credit losses	179	(115)	224	(288)
Net Interest Income After Provision for (Benefit from) Credit Losses	1,160	1,323	2,310	2,673
Noninterest Income
Service charges on deposits	154	149	306	292
Wealth and asset management revenue	140	145	289	288
Commercial banking revenue	137	160	272	313
Card and processing revenue	105	102	201	196
Leasing business revenue	56	61	118	148
Mortgage banking net revenue	31	64	83	149
Other noninterest income	85	49	138	92
Securities losses, net	(32)	10	(47)	13
Securities losses, net – non-qualifying hedges on MSRs	0	1	(1)	(1)
Total noninterest income	676	741	1,359	1,490
Noninterest Expense
Compensation and benefits	584	638	1,295	1,343
Technology and communications	98	94	199	187
Net occupancy expense	75	77	152	156
Equipment expense	36	34	72	68
Leasing business expense	31	33	63	68
Marketing expense	28	20	52	43
Card and processing expense	20	20	38	50
Other noninterest expense	240	237	463	454
Total noninterest expense	1,112	1,153	2,334	2,369
Income (loss) before income taxes	724	911	1,335	1,794
Applicable income tax expense (benefit)	162	202	279	391
Net Income	562	709	1,056	1,403
Impairment losses on bank premises	1	2	1	4
Impairment losses of operating lease equipment	0	0	2	25
Impairment losses and termination charges	1	2	2	2
Bank premises and equipment held for sale	24		24		24
Operating Segments \| Commercial Banking
Segment Reporting Information
Total goodwill	1,946	1,981	1,946	1,981	1,980	1,980
Total assets	80,424	68,851	80,424	68,851
Net interest income	516	376	1,006	741
Provision for (benefit from) credit losses	85	(151)	56	(227)
Net Interest Income After Provision for (Benefit from) Credit Losses	431	527	950	968
Noninterest Income
Service charges on deposits	92	92	188	181
Wealth and asset management revenue	1	1	1	1
Commercial banking revenue	136	156	269	307
Card and processing revenue	18	15	33	29
Leasing business revenue	56	61	118	148
Mortgage banking net revenue	0	0	0	0
Other noninterest income	42	30	64	42
Securities losses, net	0	0	0	7
Securities losses, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	345	355	673	715
Noninterest Expense
Compensation and benefits	142	136	310	292
Technology and communications	2	4	7	7
Net occupancy expense	9	8	18	17
Equipment expense	7	7	14	13
Leasing business expense	31	33	63	68
Marketing expense	1	2	2	3
Card and processing expense	2	2	4	3
Other noninterest expense	224	207	448	416
Total noninterest expense	418	399	866	819
Income (loss) before income taxes	358	483	757	864
Applicable income tax expense (benefit)	64	90	137	160
Net Income	294	393	620	704
Impairment losses of operating lease equipment			2	25
Operating Segments \| Branch Banking
Segment Reporting Information
Total goodwill	2,302	2,047	2,302	2,047	2,303	2,047
Total assets	90,520	87,646	90,520	87,646
Net interest income	554	301	972	596
Provision for (benefit from) credit losses	20	25	39	66
Net Interest Income After Provision for (Benefit from) Credit Losses	534	276	933	530
Noninterest Income
Service charges on deposits	62	57	119	111
Wealth and asset management revenue	51	52	102	102
Commercial banking revenue	2	3	4	5
Card and processing revenue	83	84	162	161
Leasing business revenue	0	0	0	0
Mortgage banking net revenue	1	3	3	5
Other noninterest income	20	25	44	45
Securities losses, net	0	0	0	0
Securities losses, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	219	224	434	429
Noninterest Expense
Compensation and benefits	158	158	334	328
Technology and communications	1	1	2	2
Net occupancy expense	49	49	95	96
Equipment expense	10	9	18	19
Leasing business expense	0	0	0	0
Marketing expense	12	7	22	15
Card and processing expense	19	19	36	49
Other noninterest expense	209	207	438	430
Total noninterest expense	458	450	945	939
Income (loss) before income taxes	295	50	422	20
Applicable income tax expense (benefit)	62	10	89	4
Net Income	233	40	333	16
Impairment losses on bank premises	1	2	1	3
Operating Segments \| Consumer Lending
Segment Reporting Information
Total goodwill	0	0	0	0	0	0
Total assets	32,802	33,215	32,802	33,215
Net interest income	114	142	246	269
Provision for (benefit from) credit losses	4	0	10	8
Net Interest Income After Provision for (Benefit from) Credit Losses	110	142	236	261
Noninterest Income
Service charges on deposits	0	0	0	0
Wealth and asset management revenue	0	0	0	0
Commercial banking revenue	0	0	0	0
Card and processing revenue	0	0	0	0
Leasing business revenue	0	0	0	0
Mortgage banking net revenue	30	60	79	142
Other noninterest income	3	2	6	4
Securities losses, net	0	0	0	0
Securities losses, net – non-qualifying hedges on MSRs	0	1	(1)	(1)
Total noninterest income	33	63	84	145
Noninterest Expense
Compensation and benefits	60	61	116	127
Technology and communications	4	3	6	5
Net occupancy expense	2	3	5	5
Equipment expense	0	0	0	0
Leasing business expense	0	0	0	0
Marketing expense	1	1	2	1
Card and processing expense	0	0	0	0
Other noninterest expense	79	95	160	186
Total noninterest expense	146	163	289	324
Income (loss) before income taxes	(3)	42	31	82
Applicable income tax expense (benefit)	(1)	9	6	17
Net Income	(2)	33	25	65
Operating Segments \| Wealth and Asset Management
Segment Reporting Information
Total goodwill	226	231	226	231	$ 231	$ 231
Total assets	13,062	10,881	13,062	10,881
Net interest income	53	21	88	42
Provision for (benefit from) credit losses	0	0	0	(1)
Net Interest Income After Provision for (Benefit from) Credit Losses	53	21	88	43
Noninterest Income
Service charges on deposits	0	0	0	0
Wealth and asset management revenue	132	138	274	274
Commercial banking revenue	0	1	0	1
Card and processing revenue	1	1	1	1
Leasing business revenue	0	0	0	0
Mortgage banking net revenue	0	1	1	2
Other noninterest income	(1)	2	0	3
Securities losses, net	0	0	0	0
Securities losses, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	132	143	276	281
Noninterest Expense
Compensation and benefits	56	49	116	103
Technology and communications	0	0	0	0
Net occupancy expense	3	4	6	7
Equipment expense	0	0	0	0
Leasing business expense	0	0	0	0
Marketing expense	0	0	1	1
Card and processing expense	0	0	0	0
Other noninterest expense	78	78	157	156
Total noninterest expense	137	131	280	267
Income (loss) before income taxes	48	33	84	57
Applicable income tax expense (benefit)	10	7	18	12
Net Income	38	26	66	45
General Corporate and Other
Segment Reporting Information
Total goodwill	452	0	452	0
Total assets	(10,026)	4,797	(10,026)	4,797
Net interest income	102	368	222	737
Provision for (benefit from) credit losses	70	11	119	(134)
Net Interest Income After Provision for (Benefit from) Credit Losses	32	357	103	871
Noninterest Income
Service charges on deposits	0	0	(1)	0
Wealth and asset management revenue	0	0	0	0
Commercial banking revenue	(1)	0	(1)	0
Card and processing revenue	3	2	5	5
Leasing business revenue	0	0	0	0
Mortgage banking net revenue	0	0	0	0
Other noninterest income	21	(10)	24	(2)
Securities losses, net	(32)	10	(47)	6
Securities losses, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	(9)	2	(20)	9
Noninterest Expense
Compensation and benefits	168	234	419	493
Technology and communications	91	86	184	173
Net occupancy expense	12	13	28	31
Equipment expense	19	18	40	36
Leasing business expense	0	0	0	0
Marketing expense	14	10	25	23
Card and processing expense	(1)	(1)	(2)	(2)
Other noninterest expense	(306)	(304)	(652)	(645)
Total noninterest expense	(3)	56	42	109
Income (loss) before income taxes	26	303	41	771
Applicable income tax expense (benefit)	27	86	29	198
Net Income	(1)	217	12	573
Impairment losses on bank premises				1
Bank premises and equipment held for sale	24	25	24	25
Eliminations
Segment Reporting Information
Total goodwill	0	0	0	0
Total assets	0	0	0	0
Net interest income	0	0	0	0
Provision for (benefit from) credit losses	0	0	0	0
Net Interest Income After Provision for (Benefit from) Credit Losses	0	0	0	0
Noninterest Income
Service charges on deposits	0	0	0	0
Wealth and asset management revenue	(44)	(46)	(88)	(89)
Commercial banking revenue	0	0	0	0
Card and processing revenue	0	0	0	0
Leasing business revenue	0	0	0	0
Mortgage banking net revenue	0	0	0	0
Other noninterest income	0	0	0	0
Securities losses, net	0	0	0	0
Securities losses, net – non-qualifying hedges on MSRs	0	0	0	0
Total noninterest income	(44)	(46)	(88)	(89)
Noninterest Expense
Compensation and benefits	0	0	0	0
Technology and communications	0	0	0	0
Net occupancy expense	0	0	0	0
Equipment expense	0	0	0	0
Leasing business expense	0	0	0	0
Marketing expense	0	0	0	0
Card and processing expense	0	0	0	0
Other noninterest expense	(44)	(46)	(88)	(89)
Total noninterest expense	(44)	(46)	(88)	(89)
Income (loss) before income taxes	0	0	0	0
Applicable income tax expense (benefit)	0	0	0	0
Net Income	$ 0	$ 0	$ 0	$ 0

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event - Parent Company - Senior Notes $ in Millions	Jul. 28, 2022 USD ($)
Fixed Rate/Floating Rate Senior Notes Due July 2030
Subsequent Event [Line Items]
Principal amount	$ 1,000
Fixed Rate/Floating Rate Senior Notes Due July 2030 \| One year prior to maturity date
Subsequent Event [Line Items]
Redemption period	1 year
Fixed Rate/Floating Rate Senior Notes Due July 2030 \| 60 days prior to maturity date
Subsequent Event [Line Items]
Redemption period	60 days
Fixed Rate/Floating Rate Senior Notes Due July 2030 \| SOFR
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	2.127%
Fixed Rate/Floating Rate Senior Notes Due July 2030 \| SOFR \| Interest rate swap
Subsequent Event [Line Items]
Basis spread on variable rate (as a percent)	2.132%
Fixed Rate 4.772 Percent Senior Notes Due July 2030
Subsequent Event [Line Items]
Interest rate	4.772%