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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
Other Preferred Stock
[1]
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred Stock
Preferred Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Capital Surplus
Capital Surplus
Cumulative Effect, Period of Adoption, Adjusted Balance
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
Retained Earnings
Other Preferred Stock
[1]
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Total Bancorp Shareholders’ Equity
Total Bancorp Shareholders’ Equity
Series H Preferred Stock
Total Bancorp Shareholders’ Equity
Series I Preferred Stock
Total Bancorp Shareholders’ Equity
Series J Preferred Stock
Total Bancorp Shareholders’ Equity
Series K Preferred Stock
Total Bancorp Shareholders’ Equity
Series L Preferred Stock
Total Bancorp Shareholders’ Equity
Class B, Series A Preferred Stock
Total Bancorp Shareholders’ Equity
Other Preferred Stock
[1]
Total Bancorp Shareholders’ Equity
Cumulative Effect, Period of Adoption, Adjustment
Total Bancorp Shareholders’ Equity
Cumulative Effect, Period of Adoption, Adjusted Balance
Non- Controlling Interests
Non- Controlling Interests
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning Balance at Dec. 31, 2018 $ 16,250               $ 10 $ 16,260 $ 2,051 $ 2,051 $ 1,331 $ 1,331 $ 2,873 $ 2,873 $ 16,578               $ 10 $ 16,588 $ (112) $ (112) $ (6,471) $ (6,471) $ 16,250               $ 10 $ 16,260 $ 0 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                                                    
Net Income 1,778                               1,778                           1,778                      
Other comprehensive income, net of tax 1,747                                                   1,747       1,747                      
Cash dividends declared:                                                                                    
Common stock (518)                               (518)                           (518)                      
Preferred stock   $ (15) $ (23) $ (15)     $ (1) $ (6)                   $ (15) $ (23) $ (15)     $ (1) $ (6)               $ (15) $ (23) $ (15)     $ (1) $ (6)        
Shares acquired for treasury (1,463)                                                       (1,463)   (1,463)                      
Issuance of preferred stock 242                       242                                   242                      
Conversion of outstanding preferred stock issued by a Bancorp subsidiary 0                       197                                   197                   (197)  
Impact of MB Financial, Inc. acquisition 3,356                           712                           2,447   3,159                   197  
Impact of stock transactions under stock compensation plans, net 59                           5   1                       53   59                      
Other 3                           (1)   (3)                       7   3                      
Ending Balance at Sep. 30, 2019 21,404                   2,051   1,770   3,589   17,786                   1,635   (5,427)   21,404                   0  
Beginning Balance at Jun. 30, 2019 20,671                   2,051   1,331   3,572   17,431                   1,178   (5,089)   20,474                   197  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                                                    
Net Income 549                               549                           549                      
Other comprehensive income, net of tax 457                                                   457       457                      
Cash dividends declared:                                                                                    
Common stock (175)                               (175)                           (175)                      
Preferred stock     (8) (7)     (1) $ (3)                     (8) (7)     (1) $ (3)                 (8) (7)     (1) $ (3)        
Shares acquired for treasury (350)                                                     (350)   (350)                      
Issuance of preferred stock 242                       242                                   242                      
Conversion of outstanding preferred stock issued by a Bancorp subsidiary 0                       197                                   197                   (197)  
Impact of stock transactions under stock compensation plans, net 24                           17                           7   24                      
Other 5                                                     5   5                      
Ending Balance at Sep. 30, 2019 21,404                   2,051   1,770   3,589   17,786                   1,635   (5,427)   21,404                   0  
Beginning Balance at Dec. 31, 2019 21,203               $ (472) [2] $ 20,731 2,051 $ 2,051 1,770 $ 1,770 3,599 $ 3,599 18,315               $ (472) [2] $ 17,843 1,192 $ 1,192 (5,724) $ (5,724) 21,203               $ (472) [2] $ 20,731 0 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                                                    
Net Income 823                               823                           823                      
Other comprehensive income, net of tax 1,639                                                   1,639       1,639                      
Cash dividends declared:                                                                                    
Common stock (585)                               (585)                           (585)                      
Preferred stock   $ (15) (23) (10) $ (9) $ (3) (9)                     $ (15) (23) (10) $ (9) $ (3) (9)                 $ (15) (23) (10) $ (9) $ (3) (9)          
Issuance of preferred stock 346                       346                                   346                      
Impact of stock transactions under stock compensation plans, net 66                           25                           41   66                      
Other 0                               (2)                       2   0                      
Ending Balance at Sep. 30, 2020 22,951                   2,051   2,116   3,624   18,010                   2,831   (5,681)   22,951                   0  
Beginning Balance at Jun. 30, 2020 22,335                   2,051   1,770   3,603   17,643                   2,951   (5,683)   22,335                   0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                                                    
Net Income 581                               581                           581                      
Other comprehensive income, net of tax (120)                                                   (120)       (120)                      
Cash dividends declared:                                                                                    
Common stock (195)                               (195)                           (195)                      
Preferred stock     $ (7) $ (3) $ (3) $ (3) $ (3)                       $ (7) $ (3) $ (3) $ (3) $ (3)                   $ (7) $ (3) $ (3) $ (3) $ (3)          
Issuance of preferred stock 346                       346                                   346                      
Impact of stock transactions under stock compensation plans, net 23                           21                           2   23                      
Ending Balance at Sep. 30, 2020 $ 22,951                   $ 2,051   $ 2,116   $ 3,624   $ 18,010                   $ 2,831   $ (5,681)   $ 22,951                   $ 0  
[1] Dividends declared for Perpetual Preferred Stock, Series C, of MB Financial, Inc., a subsidiary of the Bancorp.
[2] Related to the adoption of ASU 2016-13 as of January 1, 2020. Refer to Note 4 for additional information.