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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, 2020
Jun. 30, 2020
Dec. 31, 2019
Financing Receivable, Modifications      
Total [1],[2] $ 115,053 $ 115,053 $ 109,558
Total loans and leases 112,357 112,357 108,356
Performing      
Financing Receivable, Modifications      
Total loans and leases     39,196
Nonperforming      
Financing Receivable, Modifications      
Total loans and leases     221
Residential mortgage loans      
Financing Receivable, Modifications      
Residential mortgage loans 185 185 183
Residential Mortgage      
Financing Receivable, Modifications      
Residential mortgage loans 185 185 183
Residential Mortgage | Federal Housing Administration Loan      
Financing Receivable, Modifications      
Losses due to claim denials and curtailments 1 2  
Residential Mortgage | 30-89 days past due | Federal Housing Administration Loan      
Financing Receivable, Modifications      
Past due 89 89 94
Residential Mortgage | 90 days or more past due | Federal Housing Administration Loan      
Financing Receivable, Modifications      
Past due 223 223 261
Residential Mortgage | Residential mortgage loans      
Financing Receivable, Modifications      
2020 1,666 1,666  
2019 2,575 2,575  
2018 1,165 1,165  
2017 2,149 2,149  
2016 2,907 2,907  
Prior 5,810 5,810  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 16,272 16,272  
Total loans and leases     16,541
Past due     169
Residential Mortgage | Residential mortgage loans | 30-89 days past due      
Financing Receivable, Modifications      
Past due     27
Residential Mortgage | Residential mortgage loans | 90 days or more past due      
Financing Receivable, Modifications      
Past due     142
Residential Mortgage | Residential mortgage loans | Performing      
Financing Receivable, Modifications      
2020 1,666 1,666  
2019 2,575 2,575  
2018 1,165 1,165  
2017 2,147 2,147  
2016 2,904 2,904  
Prior 5,736 5,736  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 16,193 16,193  
Total loans and leases     16,450
Residential Mortgage | Residential mortgage loans | Performing | Current      
Financing Receivable, Modifications      
2020 1,666 1,666  
2019 2,570 2,570  
2018 1,160 1,160  
2017 2,137 2,137  
2016 2,897 2,897  
Prior 5,677 5,677  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 16,107 16,107  
Residential Mortgage | Residential mortgage loans | Performing | 30-89 days past due      
Financing Receivable, Modifications      
2020 0 0  
2019 4 4  
2018 3 3  
2017 5 5  
2016 3 3  
Prior 17 17  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 32 32  
Residential Mortgage | Residential mortgage loans | Performing | 90 days or more past due      
Financing Receivable, Modifications      
2020 0 0  
2019 1 1  
2018 2 2  
2017 5 5  
2016 4 4  
Prior 42 42  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 54 54  
Residential Mortgage | Residential mortgage loans | Nonperforming      
Financing Receivable, Modifications      
2020 0 0  
2019 0 0  
2018 0 0  
2017 2 2  
2016 3 3  
Prior 74 74  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 79 79  
Total loans and leases     91
Consumer      
Financing Receivable, Modifications      
Total 39,619 39,619 39,600
Consumer | Home equity      
Financing Receivable, Modifications      
2020 9 9  
2019 30 30  
2018 37 37  
2017 3 3  
2016 1 1  
Prior 162 162  
Revolving Loans Amortized Cost Basis 5,430 5,430  
Revolving Loans Converted to Term Loans Amortized Cost Basis 9 9  
Total 5,681 5,681  
Total loans and leases     6,083
Past due     118
Consumer | Home equity | 30-89 days past due      
Financing Receivable, Modifications      
Past due     61
Consumer | Home equity | 90 days or more past due      
Financing Receivable, Modifications      
Past due     57
Consumer | Home equity | Performing      
Financing Receivable, Modifications      
2020 9 9  
2019 30 30  
2018 37 37  
2017 3 3  
2016 1 1  
Prior 152 152  
Revolving Loans Amortized Cost Basis 5,347 5,347  
Revolving Loans Converted to Term Loans Amortized Cost Basis 9 9  
Total 5,588 5,588  
Total loans and leases     5,989
Consumer | Home equity | Performing | Current      
Financing Receivable, Modifications      
2020 9 9  
2019 30 30  
2018 37 37  
2017 3 3  
2016 1 1  
Prior 150 150  
Revolving Loans Amortized Cost Basis 5,317 5,317  
Revolving Loans Converted to Term Loans Amortized Cost Basis 8 8  
Total 5,555 5,555  
Consumer | Home equity | Performing | 30-89 days past due      
Financing Receivable, Modifications      
2020 0 0  
2019 0 0  
2018 0 0  
2017 0 0  
2016 0 0  
Prior 2 2  
Revolving Loans Amortized Cost Basis 30 30  
Revolving Loans Converted to Term Loans Amortized Cost Basis 1 1  
Total 33 33  
Consumer | Home equity | Performing | 90 days or more past due      
Financing Receivable, Modifications      
2020 0 0  
2019 0 0  
2018 0 0  
2017 0 0  
2016 0 0  
Prior 0 0  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 0 0  
Consumer | Home equity | Nonperforming      
Financing Receivable, Modifications      
2020 0 0  
2019 0 0  
2018 0 0  
2017 0 0  
2016 0 0  
Prior 10 10  
Revolving Loans Amortized Cost Basis 83 83  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 93 93  
Total loans and leases     94
Consumer | Indirect secured consumer loans      
Financing Receivable, Modifications      
2020 3,333 3,333  
2019 4,704 4,704  
2018 2,188 2,188  
2017 1,192 1,192  
2016 575 575  
Prior 403 403  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 12,395 12,395  
Total loans and leases     11,538
Past due     149
Consumer | Indirect secured consumer loans | 30-89 days past due      
Financing Receivable, Modifications      
Past due     132
Consumer | Indirect secured consumer loans | 90 days or more past due      
Financing Receivable, Modifications      
Past due     17
Consumer | Indirect secured consumer loans | Performing      
Financing Receivable, Modifications      
2020 3,333 3,333  
2019 4,701 4,701  
2018 2,186 2,186  
2017 1,189 1,189  
2016 573 573  
Prior 400 400  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 12,382 12,382  
Total loans and leases     11,531
Consumer | Indirect secured consumer loans | Performing | Current      
Financing Receivable, Modifications      
2020 3,328 3,328  
2019 4,673 4,673  
2018 2,160 2,160  
2017 1,173 1,173  
2016 565 565  
Prior 392 392  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 12,291 12,291  
Consumer | Indirect secured consumer loans | Performing | 30-89 days past due      
Financing Receivable, Modifications      
2020 4 4  
2019 25 25  
2018 23 23  
2017 14 14  
2016 7 7  
Prior 6 6  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 79 79  
Consumer | Indirect secured consumer loans | Performing | 90 days or more past due      
Financing Receivable, Modifications      
2020 1 1  
2019 3 3  
2018 3 3  
2017 2 2  
2016 1 1  
Prior 2 2  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 12 12  
Consumer | Indirect secured consumer loans | Nonperforming      
Financing Receivable, Modifications      
2020 0 0  
2019 3 3  
2018 2 2  
2017 3 3  
2016 2 2  
Prior 3 3  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 13 13  
Total loans and leases     7
Consumer | Credit card      
Financing Receivable, Modifications      
2020 0 0  
2019 0 0  
2018 0 0  
2017 0 0  
2016 0 0  
Prior 0 0  
Revolving Loans Amortized Cost Basis 2,211 2,211  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 2,211 2,211  
Total loans and leases     2,532
Past due     98
Consumer | Credit card | 30-89 days past due      
Financing Receivable, Modifications      
Past due     50
Consumer | Credit card | 90 days or more past due      
Financing Receivable, Modifications      
Past due     48
Consumer | Credit card | Performing      
Financing Receivable, Modifications      
2020 0 0  
2019 0 0  
2018 0 0  
2017 0 0  
2016 0 0  
Prior 0 0  
Revolving Loans Amortized Cost Basis 2,185 2,185  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 2,185 2,185  
Total loans and leases     2,505
Consumer | Credit card | Performing | Current      
Financing Receivable, Modifications      
2020 0 0  
2019 0 0  
2018 0 0  
2017 0 0  
2016 0 0  
Prior 0 0  
Revolving Loans Amortized Cost Basis 2,119 2,119  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 2,119 2,119  
Consumer | Credit card | Performing | 30-89 days past due      
Financing Receivable, Modifications      
2020 0 0  
2019 0 0  
2018 0 0  
2017 0 0  
2016 0 0  
Prior 0 0  
Revolving Loans Amortized Cost Basis 30 30  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 30 30  
Consumer | Credit card | Performing | 90 days or more past due      
Financing Receivable, Modifications      
2020 0 0  
2019 0 0  
2018 0 0  
2017 0 0  
2016 0 0  
Prior 0 0  
Revolving Loans Amortized Cost Basis 36 36  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 36 36  
Consumer | Credit card | Nonperforming      
Financing Receivable, Modifications      
2020 0 0  
2019 0 0  
2018 0 0  
2017 0 0  
2016 0 0  
Prior 0 0  
Revolving Loans Amortized Cost Basis 26 26  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 26 26  
Total loans and leases     27
Consumer | Other consumer loans      
Financing Receivable, Modifications      
2020 482 482  
2019 732 732  
2018 541 541  
2017 223 223  
2016 41 41  
Prior 37 37  
Revolving Loans Amortized Cost Basis 818 818  
Revolving Loans Converted to Term Loans Amortized Cost Basis 1 1  
Total 2,875 2,875  
Total loans and leases     2,723
Past due     21
Consumer | Other consumer loans | 30-89 days past due      
Financing Receivable, Modifications      
Past due     18
Consumer | Other consumer loans | 90 days or more past due      
Financing Receivable, Modifications      
Past due     3
Consumer | Other consumer loans | Performing      
Financing Receivable, Modifications      
2020 482 482  
2019 732 732  
2018 541 541  
2017 223 223  
2016 41 41  
Prior 37 37  
Revolving Loans Amortized Cost Basis 816 816  
Revolving Loans Converted to Term Loans Amortized Cost Basis 1 1  
Total 2,873 2,873  
Total loans and leases     2,721
Consumer | Other consumer loans | Performing | Current      
Financing Receivable, Modifications      
2020 481 481  
2019 727 727  
2018 538 538  
2017 221 221  
2016 41 41  
Prior 37 37  
Revolving Loans Amortized Cost Basis 814 814  
Revolving Loans Converted to Term Loans Amortized Cost Basis 1 1  
Total 2,860 2,860  
Consumer | Other consumer loans | Performing | 30-89 days past due      
Financing Receivable, Modifications      
2020 1 1  
2019 4 4  
2018 3 3  
2017 2 2  
2016 0 0  
Prior 0 0  
Revolving Loans Amortized Cost Basis 2 2  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 12 12  
Consumer | Other consumer loans | Performing | 90 days or more past due      
Financing Receivable, Modifications      
2020 0 0  
2019 1 1  
2018 0 0  
2017 0 0  
2016 0 0  
Prior 0 0  
Revolving Loans Amortized Cost Basis 0 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 1 1  
Consumer | Other consumer loans | Nonperforming      
Financing Receivable, Modifications      
2020 0 0  
2019 0 0  
2018 0 0  
2017 0 0  
2016 0 0  
Prior 0 0  
Revolving Loans Amortized Cost Basis 2 2  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0 0  
Total 2 2  
Total loans and leases     2
Residential Mortgage and Consumer      
Financing Receivable, Modifications      
2020 5,490 5,490  
2019 8,041 8,041  
2018 3,931 3,931  
2017 3,567 3,567  
2016 3,524 3,524  
Prior 6,412 6,412  
Revolving Loans Amortized Cost Basis 8,459 8,459  
Revolving Loans Converted to Term Loans Amortized Cost Basis 10 10  
Total $ 39,434 $ 39,434  
Total loans and leases     39,417
Past due     555
Residential Mortgage and Consumer | 30-89 days past due      
Financing Receivable, Modifications      
Past due     288
Residential Mortgage and Consumer | 90 days or more past due      
Financing Receivable, Modifications      
Past due     $ 267
[1] Includes $185 and $183 of residential mortgage loans measured at fair value at June 30, 2020 and December 31, 2019, respectively.
[2] Includes $66 and $74 of other short-term investments, $1,032 and $1,354 of portfolio loans and leases, $(14) and $(7) of ALLL, $7 and $8 of other assets, $2 and $2 of other liabilities, and $933 and $1,253 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2020 and December 31, 2019, respectively. For further information refer to Note 13.