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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
Dec. 31, 2020
Dec. 31, 2019
Financing Receivable, Modifications    
Total [1],[2] $ 108,782 $ 109,558
Total loans and leases 106,329 108,356
Commercial    
Financing Receivable, Modifications    
2020 10,665  
2019 4,149  
2018 2,839  
2017 1,767  
2016 1,369  
Prior 2,523  
Revolving Loans Amortized Cost Basis 45,685  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 68,997 69,958
Total loans and leases 68,997 69,958
Commercial | Pass    
Financing Receivable, Modifications    
2020 9,711  
2019 3,901  
2018 2,420  
2017 1,604  
2016 1,266  
Prior 2,300  
Revolving Loans Amortized Cost Basis 39,029  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 60,231  
Total loans and leases   66,143
Commercial | Special mention    
Financing Receivable, Modifications    
2020 448  
2019 142  
2018 205  
2017 61  
2016 43  
Prior 47  
Revolving Loans Amortized Cost Basis 3,388  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 4,334  
Total loans and leases   1,825
Commercial | Substandard    
Financing Receivable, Modifications    
2020 494  
2019 104  
2018 205  
2017 102  
2016 60  
Prior 176  
Revolving Loans Amortized Cost Basis 3,261  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 4,402  
Total loans and leases   1,944
Commercial | Doubtful    
Financing Receivable, Modifications    
2020 12  
2019 2  
2018 9  
2017 0  
2016 0  
Prior 0  
Revolving Loans Amortized Cost Basis 7  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 30  
Total loans and leases   46
Commercial | Commercial and industrial loans    
Financing Receivable, Modifications    
2020 7,227  
2019 2,272  
2018 1,397  
2017 806  
2016 515  
Prior 828  
Revolving Loans Amortized Cost Basis 36,620  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 49,665  
Total loans and leases 49,665 50,542
Commercial | Commercial and industrial loans | Pass    
Financing Receivable, Modifications    
2020 7,042  
2019 2,144  
2018 1,114  
2017 700  
2016 471  
Prior 703  
Revolving Loans Amortized Cost Basis 31,657  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 43,831  
Total loans and leases   47,671
Commercial | Commercial and industrial loans | Special mention    
Financing Receivable, Modifications    
2020 66  
2019 46  
2018 167  
2017 46  
2016 5  
Prior 21  
Revolving Loans Amortized Cost Basis 2,317  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 2,668  
Total loans and leases   1,423
Commercial | Commercial and industrial loans | Substandard    
Financing Receivable, Modifications    
2020 119  
2019 80  
2018 107  
2017 60  
2016 39  
Prior 104  
Revolving Loans Amortized Cost Basis 2,639  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 3,148  
Total loans and leases   1,406
Commercial | Commercial and industrial loans | Doubtful    
Financing Receivable, Modifications    
2020 0  
2019 2  
2018 9  
2017 0  
2016 0  
Prior 0  
Revolving Loans Amortized Cost Basis 7  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 18  
Total loans and leases   42
Commercial | Commercial mortgage owner-occupied loans    
Financing Receivable, Modifications    
2020 1,316  
2019 684  
2018 465  
2017 302  
2016 264  
Prior 467  
Revolving Loans Amortized Cost Basis 1,177  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 4,675  
Total loans and leases 4,675 4,880
Commercial | Commercial mortgage owner-occupied loans | Pass    
Financing Receivable, Modifications    
2020 1,047  
2019 655  
2018 416  
2017 288  
2016 249  
Prior 420  
Revolving Loans Amortized Cost Basis 1,025  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 4,100  
Total loans and leases   4,421
Commercial | Commercial mortgage owner-occupied loans | Special mention    
Financing Receivable, Modifications    
2020 58  
2019 12  
2018 16  
2017 7  
2016 2  
Prior 17  
Revolving Loans Amortized Cost Basis 64  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 176  
Total loans and leases   162
Commercial | Commercial mortgage owner-occupied loans | Substandard    
Financing Receivable, Modifications    
2020 211  
2019 17  
2018 33  
2017 7  
2016 13  
Prior 30  
Revolving Loans Amortized Cost Basis 88  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 399  
Total loans and leases   293
Commercial | Commercial mortgage owner-occupied loans | Doubtful    
Financing Receivable, Modifications    
2020 0  
2019 0  
2018 0  
2017 0  
2016 0  
Prior 0  
Revolving Loans Amortized Cost Basis 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 0  
Total loans and leases   4
Commercial | Commercial mortgage nonowner-occupied loans    
Financing Receivable, Modifications    
2020 1,315  
2019 750  
2018 614  
2017 269  
2016 261  
Prior 375  
Revolving Loans Amortized Cost Basis 2,343  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 5,927  
Total loans and leases 5,927 6,083
Commercial | Commercial mortgage nonowner-occupied loans | Pass    
Financing Receivable, Modifications    
2020 902  
2019 679  
2018 548  
2017 247  
2016 223  
Prior 341  
Revolving Loans Amortized Cost Basis 1,626  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 4,566  
Total loans and leases   5,866
Commercial | Commercial mortgage nonowner-occupied loans | Special mention    
Financing Receivable, Modifications    
2020 252  
2019 68  
2018 17  
2017 8  
2016 36  
Prior 9  
Revolving Loans Amortized Cost Basis 416  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 806  
Total loans and leases   135
Commercial | Commercial mortgage nonowner-occupied loans | Substandard    
Financing Receivable, Modifications    
2020 149  
2019 3  
2018 49  
2017 14  
2016 2  
Prior 25  
Revolving Loans Amortized Cost Basis 301  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 543  
Total loans and leases   82
Commercial | Commercial mortgage nonowner-occupied loans | Doubtful    
Financing Receivable, Modifications    
2020 12  
2019 0  
2018 0  
2017 0  
2016 0  
Prior 0  
Revolving Loans Amortized Cost Basis 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 12  
Total loans and leases   0
Commercial | Commercial construction loans    
Financing Receivable, Modifications    
2020 173  
2019 49  
2018 27  
2017 0  
2016 9  
Prior 12  
Revolving Loans Amortized Cost Basis 5,545  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 5,815  
Total loans and leases 5,815 5,090
Commercial | Commercial construction loans | Pass    
Financing Receivable, Modifications    
2020 98  
2019 49  
2018 27  
2017 0  
2016 9  
Prior 12  
Revolving Loans Amortized Cost Basis 4,721  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 4,916  
Total loans and leases   4,963
Commercial | Commercial construction loans | Special mention    
Financing Receivable, Modifications    
2020 67  
2019 0  
2018 0  
2017 0  
2016 0  
Prior 0  
Revolving Loans Amortized Cost Basis 591  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 658  
Total loans and leases   52
Commercial | Commercial construction loans | Substandard    
Financing Receivable, Modifications    
2020 8  
2019 0  
2018 0  
2017 0  
2016 0  
Prior 0  
Revolving Loans Amortized Cost Basis 233  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 241  
Total loans and leases   75
Commercial | Commercial construction loans | Doubtful    
Financing Receivable, Modifications    
2020 0  
2019 0  
2018 0  
2017 0  
2016 0  
Prior 0  
Revolving Loans Amortized Cost Basis 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 0  
Total loans and leases   0
Commercial | Commercial leases    
Financing Receivable, Modifications    
2020 634  
2019 394  
2018 336  
2017 390  
2016 320  
Prior 841  
Revolving Loans Amortized Cost Basis 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 2,915  
Total loans and leases 2,915 3,363
Commercial | Commercial leases | Pass    
Financing Receivable, Modifications    
2020 622  
2019 374  
2018 315  
2017 369  
2016 314  
Prior 824  
Revolving Loans Amortized Cost Basis 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 2,818  
Total loans and leases   3,222
Commercial | Commercial leases | Special mention    
Financing Receivable, Modifications    
2020 5  
2019 16  
2018 5  
2017 0  
2016 0  
Prior 0  
Revolving Loans Amortized Cost Basis 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 26  
Total loans and leases   53
Commercial | Commercial leases | Substandard    
Financing Receivable, Modifications    
2020 7  
2019 4  
2018 16  
2017 21  
2016 6  
Prior 17  
Revolving Loans Amortized Cost Basis 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total 71  
Total loans and leases   88
Commercial | Commercial leases | Doubtful    
Financing Receivable, Modifications    
2020 0  
2019 0  
2018 0  
2017 0  
2016 0  
Prior 0  
Revolving Loans Amortized Cost Basis 0  
Revolving Loans Converted to Term Loans Amortized Cost Basis 0  
Total $ 0  
Total loans and leases   $ 0
[1] Includes $161 and $183 of residential mortgage loans measured at fair value at December 31, 2020 and 2019, respectively.
[2] Includes $55 and $74 of other short-term investments, $756 and $1,354 of portfolio loans and leases, $(7) and $(7) of ALLL, $5 and $8 of other assets, $2 and $2 of other liabilities and $656 and $1,253 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2020 and 2019, respectively. For further information, refer to Note 13.