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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Statement of Comprehensive Income [Abstract]        
Net income for the period $ 354 $ 66 $ 676 $ 80
Other comprehensive income (loss), net of tax:        
Net unrealized holding gains (losses) on investment securities 34 94 (130) 242
Net unrealized gains (losses) on other noninterest-bearing investments 1 (8) 3 (6)
Net unrealized holding gains on derivative instruments 3 7 0 76
Reclassification adjustment for increase in interest income recognized in earnings on derivative instruments (11) (10) (23) (13)
Reclassification to earnings for termination of pension plan 0 13 0 13
Other comprehensive income (loss) 27 96 (150) 312
Comprehensive income $ 381 $ 162 $ 526 $ 392