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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
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Financing Receivable, Modifications      
Total [1],[2] $ 108,855   $ 108,782
Residential Mortgage      
Financing Receivable, Modifications      
Residential mortgage loans 153 $ 185 161
Residential Mortgage | Federal Housing Administration Loan      
Financing Receivable, Modifications      
Losses due to claim denials and curtailments 1 $ 1  
Residential Mortgage | 30-89 days past due | Federal Housing Administration Loan      
Financing Receivable, Modifications      
Past due 87   103
Residential Mortgage | 90 days or more past due | Federal Housing Administration Loan      
Financing Receivable, Modifications      
Past due 302   242
Residential Mortgage | Residential mortgage loans      
Financing Receivable, Modifications      
Year One 1,194   4,008
Year Two 3,995   2,135
Year Three 1,918   834
Year Four 702   1,647
Year Five 1,432   2,312
Prior 6,382   4,831
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 15,623   15,767
Residential Mortgage | Residential mortgage loans | Performing      
Financing Receivable, Modifications      
Year One 1,194   4,007
Year Two 3,995   2,135
Year Three 1,918   832
Year Four 701   1,645
Year Five 1,429   2,309
Prior 6,330   4,779
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 15,567   15,707
Residential Mortgage | Residential mortgage loans | Performing | Current      
Financing Receivable, Modifications      
Year One 1,194   4,006
Year Two 3,993   2,128
Year Three 1,912   827
Year Four 697   1,635
Year Five 1,419   2,301
Prior 6,262   4,719
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 15,477   15,616
Residential Mortgage | Residential mortgage loans | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 0   1
Year Two 1   1
Year Three 1   3
Year Four 1   3
Year Five 3   1
Prior 11   12
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 17   21
Residential Mortgage | Residential mortgage loans | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 1   6
Year Three 5   2
Year Four 3   7
Year Five 7   7
Prior 57   48
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 73   70
Residential Mortgage | Residential mortgage loans | Nonperforming      
Financing Receivable, Modifications      
Year One 0   1
Year Two 0   0
Year Three 0   2
Year Four 1   2
Year Five 3   3
Prior 52   52
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 56   60
Consumer      
Financing Receivable, Modifications      
Total 39,827   39,785
Consumer | Home equity      
Financing Receivable, Modifications      
Year One 0   11
Year Two 9   24
Year Three 21   30
Year Four 26   4
Year Five 3   2
Prior 160   168
Revolving Loans Amortized Cost Basis 4,586   4,933
Revolving Loans Converted to Term Loans Amortized Cost Basis 10   11
Total 4,815   5,183
Consumer | Home equity | Performing      
Financing Receivable, Modifications      
Year One 0   11
Year Two 9   24
Year Three 21   30
Year Four 26   4
Year Five 3   2
Prior 149   158
Revolving Loans Amortized Cost Basis 4,508   4,858
Revolving Loans Converted to Term Loans Amortized Cost Basis 9   10
Total 4,725   5,097
Consumer | Home equity | Performing | Current      
Financing Receivable, Modifications      
Year One 0   11
Year Two 9   24
Year Three 21   30
Year Four 26   4
Year Five 3   2
Prior 146   153
Revolving Loans Amortized Cost Basis 4,488   4,825
Revolving Loans Converted to Term Loans Amortized Cost Basis 9   10
Total 4,702   5,059
Consumer | Home equity | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 2   3
Revolving Loans Amortized Cost Basis 20   33
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 22   36
Consumer | Home equity | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 1   2
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 1   2
Consumer | Home equity | Nonperforming      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 11   10
Revolving Loans Amortized Cost Basis 78   75
Revolving Loans Converted to Term Loans Amortized Cost Basis 1   1
Total 90   86
Consumer | Indirect secured consumer loans      
Financing Receivable, Modifications      
Year One 2,313   6,653
Year Two 5,960   3,800
Year Three 3,381   1,716
Year Four 1,490   882
Year Five 736   382
Prior 456   220
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 14,336   13,653
Consumer | Indirect secured consumer loans | Performing      
Financing Receivable, Modifications      
Year One 2,313   6,652
Year Two 5,929   3,795
Year Three 3,375   1,712
Year Four 1,483   879
Year Five 731   380
Prior 452   219
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 14,283   13,637
Consumer | Indirect secured consumer loans | Performing | Current      
Financing Receivable, Modifications      
Year One 2,312   6,626
Year Two 5,909   3,752
Year Three 3,347   1,678
Year Four 1,463   860
Year Five 721   372
Prior 445   214
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 14,197   13,502
Consumer | Indirect secured consumer loans | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 1   25
Year Two 18   41
Year Three 26   31
Year Four 18   17
Year Five 9   7
Prior 6   4
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 78   125
Consumer | Indirect secured consumer loans | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   1
Year Two 2   2
Year Three 2   3
Year Four 2   2
Year Five 1   1
Prior 1   1
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 8   10
Consumer | Indirect secured consumer loans | Nonperforming      
Financing Receivable, Modifications      
Year One 0   1
Year Two 31   5
Year Three 6   4
Year Four 7   3
Year Five 5   2
Prior 4   1
Revolving Loans Amortized Cost Basis 0   0
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 53   16
Consumer | Credit card      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving Loans Amortized Cost Basis 1,810   2,007
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 1,810   2,007
Consumer | Credit card | Performing      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving Loans Amortized Cost Basis 1,780   1,975
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 1,780   1,975
Consumer | Credit card | Performing | Current      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving Loans Amortized Cost Basis 1,737   1,914
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 1,737   1,914
Consumer | Credit card | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving Loans Amortized Cost Basis 18   30
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 18   30
Consumer | Credit card | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving Loans Amortized Cost Basis 25   31
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 25   31
Consumer | Credit card | Nonperforming      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving Loans Amortized Cost Basis 30   32
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 30   32
Consumer | Other consumer loans      
Financing Receivable, Modifications      
Year One 312   885
Year Two 822   553
Year Three 456   441
Year Four 405   180
Year Five 159   32
Prior 64   41
Revolving Loans Amortized Cost Basis 872   881
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   1
Total 3,090   3,014
Consumer | Other consumer loans | Performing      
Financing Receivable, Modifications      
Year One 312   885
Year Two 821   553
Year Three 456   441
Year Four 405   180
Year Five 159   32
Prior 63   40
Revolving Loans Amortized Cost Basis 871   880
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   1
Total 3,087   3,012
Consumer | Other consumer loans | Performing | Current      
Financing Receivable, Modifications      
Year One 312   883
Year Two 819   546
Year Three 451   437
Year Four 402   178
Year Five 157   32
Prior 62   40
Revolving Loans Amortized Cost Basis 869   878
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   1
Total 3,072   2,995
Consumer | Other consumer loans | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 0   2
Year Two 2   5
Year Three 4   4
Year Four 3   2
Year Five 2   0
Prior 1   0
Revolving Loans Amortized Cost Basis 2   2
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 14   15
Consumer | Other consumer loans | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   2
Year Three 1   0
Year Four 0   0
Year Five 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   2
Consumer | Other consumer loans | Nonperforming      
Financing Receivable, Modifications      
Year One 0   0
Year Two 1   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 1   1
Revolving Loans Amortized Cost Basis 1   1
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 3   2
Residential Mortgage and Consumer      
Financing Receivable, Modifications      
Year One 3,819   11,557
Year Two 10,786   6,512
Year Three 5,776   3,021
Year Four 2,623   2,713
Year Five 2,330   2,728
Prior 7,062   5,260
Revolving Loans Amortized Cost Basis 7,268   7,821
Revolving Loans Converted to Term Loans Amortized Cost Basis 10   12
Total 39,674   39,624
Residential Mortgage and Consumer | Performing      
Financing Receivable, Modifications      
Year One 3,819   11,555
Year Two 10,754   6,507
Year Three 5,770   3,015
Year Four 2,615   2,708
Year Five 2,322   2,723
Prior 6,994   5,196
Revolving Loans Amortized Cost Basis 7,159   7,713
Revolving Loans Converted to Term Loans Amortized Cost Basis 9   11
Total 39,442   39,428
Residential Mortgage and Consumer | Performing | Current      
Financing Receivable, Modifications      
Year One 3,818   11,526
Year Two 10,730   6,450
Year Three 5,731   2,972
Year Four 2,588   2,677
Year Five 2,300   2,707
Prior 6,915   5,126
Revolving Loans Amortized Cost Basis 7,094   7,617
Revolving Loans Converted to Term Loans Amortized Cost Basis 9   11
Total 39,185   39,086
Residential Mortgage and Consumer | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 1   28
Year Two 21   47
Year Three 31   38
Year Four 22   22
Year Five 14   8
Prior 20   19
Revolving Loans Amortized Cost Basis 40   65
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 149   227
Residential Mortgage and Consumer | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   1
Year Two 3   10
Year Three 8   5
Year Four 5   9
Year Five 8   8
Prior 59   51
Revolving Loans Amortized Cost Basis 25   31
Revolving Loans Converted to Term Loans Amortized Cost Basis 0   0
Total 108   115
Residential Mortgage and Consumer | Nonperforming      
Financing Receivable, Modifications      
Year One 0   2
Year Two 32   5
Year Three 6   6
Year Four 8   5
Year Five 8   5
Prior 68   64
Revolving Loans Amortized Cost Basis 109   108
Revolving Loans Converted to Term Loans Amortized Cost Basis 1   1
Total $ 232   $ 196
[1] Includes $153 and $161 of residential mortgage loans measured at fair value at March 31, 2021 and December 31, 2020, respectively.
[2] Includes $54 and $55 of other short-term investments, $633 and $756 of portfolio loans and leases, $(5) and $(7) of ALLL, $4 and $5 of other assets, $1 and $2 of other liabilities, and $540 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.