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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
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2020
Dec. 31, 2019
Financing Receivable, Modifications      
With an ALLL $ 574 $ 574  
No Related ALLL 357 357  
Total 931 931  
Interest Income Recognized 12 39  
Nonaccrual portfolio loans and leases     $ 618
OREO and other repossessed personal property     62
Total nonperforming portfolio assets     680
Loans and leases held for sale [1] 2,323 2,323 1,400
Total portfolio loans and leases [2],[3] 110,731 110,731 109,558
Nonperforming      
Financing Receivable, Modifications      
Loans and leases held for sale 10 10 7
Restructured loans held for sale 1 1  
Nonperforming | Government Insured      
Financing Receivable, Modifications      
Total portfolio loans and leases 25 25 16
Restructured nonaccrual loans and leases 13 13 11
Commercial      
Financing Receivable, Modifications      
With an ALLL 468 468  
No Related ALLL 220 220  
Total 688 688  
Interest Income Recognized 2 7  
Nonaccrual portfolio loans and leases     397
Total portfolio loans and leases 71,250 71,250 69,958
Commercial | Commercial and industrial loans      
Financing Receivable, Modifications      
With an ALLL 354 354  
No Related ALLL 164 164  
Total 518 518  
Interest Income Recognized 2 6  
Nonaccrual portfolio loans and leases     338
Loans and leases held for sale 57 57 135
Total portfolio loans and leases 51,695 51,695  
Commercial | Commercial mortgage owner-occupied loans      
Financing Receivable, Modifications      
With an ALLL 17 17  
No Related ALLL 35 35  
Total 52 52  
Interest Income Recognized 0 0  
Nonaccrual portfolio loans and leases     29
Total portfolio loans and leases 4,804 4,804  
Commercial | Commercial mortgage nonowner-occupied loans      
Financing Receivable, Modifications      
With an ALLL 86 86  
No Related ALLL 16 16  
Total 102 102  
Interest Income Recognized 0 0  
Nonaccrual portfolio loans and leases     1
Total portfolio loans and leases 6,074 6,074  
Commercial | Commercial construction loans      
Financing Receivable, Modifications      
Nonaccrual portfolio loans and leases     1
Total portfolio loans and leases 5,656 5,656  
Commercial | Commercial leases      
Financing Receivable, Modifications      
With an ALLL 11 11  
No Related ALLL 5 5  
Total 16 16  
Interest Income Recognized 0 1  
Nonaccrual portfolio loans and leases     28
Total portfolio loans and leases 3,021 3,021  
Residential Mortgage      
Financing Receivable, Modifications      
With an ALLL 10 10  
No Related ALLL 59 59  
Total 69 69  
Interest Income Recognized 7 22  
Nonaccrual portfolio loans and leases     91
Consumer      
Financing Receivable, Modifications      
With an ALLL 96 96  
No Related ALLL 38 38  
Total 134 134  
Interest Income Recognized 3 10  
Nonaccrual portfolio loans and leases     130
Total portfolio loans and leases 39,481 39,481 39,600
Consumer | Home equity      
Financing Receivable, Modifications      
With an ALLL 58 58  
No Related ALLL 31 31  
Total 89 89  
Interest Income Recognized 2 7  
Nonaccrual portfolio loans and leases     94
Total portfolio loans and leases 5,455 5,455  
Consumer | Home equity | Nonperforming      
Financing Receivable, Modifications      
Total portfolio loans and leases 89 89  
Consumer | Indirect secured consumer loans      
Financing Receivable, Modifications      
With an ALLL 9 9  
No Related ALLL 7 7  
Total 16 16  
Interest Income Recognized 0 0  
Nonaccrual portfolio loans and leases     7
Total portfolio loans and leases 12,925 12,925  
Consumer | Indirect secured consumer loans | Nonperforming      
Financing Receivable, Modifications      
Total portfolio loans and leases 16 16  
Consumer | Credit card      
Financing Receivable, Modifications      
With an ALLL 26 26  
No Related ALLL 0 0  
Total 26 26  
Interest Income Recognized 1 3  
Nonaccrual portfolio loans and leases     27
Total portfolio loans and leases 2,087 2,087  
Consumer | Credit card | Nonperforming      
Financing Receivable, Modifications      
Total portfolio loans and leases 26 26  
Consumer | Other consumer loans      
Financing Receivable, Modifications      
With an ALLL 3 3  
No Related ALLL 0 0  
Total 3 3  
Interest Income Recognized 0 0  
Nonaccrual portfolio loans and leases     $ 2
Total portfolio loans and leases 2,856 2,856  
Consumer | Other consumer loans | Nonperforming      
Financing Receivable, Modifications      
Total portfolio loans and leases 3 3  
Nonaccrual Portfolio Loans and Leases      
Financing Receivable, Modifications      
With an ALLL 574 574  
No Related ALLL 317 317  
Total 891 891  
Interest Income Recognized 12 39  
OREO and Other Repossessed Assets      
Financing Receivable, Modifications      
With an ALLL 0 0  
No Related ALLL 40 40  
Total 40 40  
Interest Income Recognized $ 0 $ 0  
[1] Includes $1,472 and $1,264 of residential mortgage loans held for sale measured at fair value at September 30, 2020 and December 31, 2019, respectively.
[2] Includes $174 and $183 of residential mortgage loans measured at fair value at September 30, 2020 and December 31, 2019, respectively.
[3] Includes $61 and $74 of other short-term investments, $887 and $1,354 of portfolio loans and leases, $(9) and $(7) of ALLL, $5 and $8 of other assets, $2 and $2 of other liabilities, and $786 and $1,253 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2020 and December 31, 2019, respectively. For further information refer to Note 13.