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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
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Financing Receivable, Modifications      
With an ALLL $ 361   $ 382
No Related ALLL 422   482
Total 783   864
Interest Income Recognized 21 $ 14  
Loans and leases held for sale [1] 5,477   4,741
Total portfolio loans and leases [2],[3] 108,855   108,782
Nonperforming      
Financing Receivable, Modifications      
Loans and leases held for sale 2   5
Restructured loans held for sale 20   1
Nonperforming | Government Insured      
Financing Receivable, Modifications      
Total portfolio loans and leases 30   29
Restructured nonaccrual loans and leases 16   17
Commercial      
Financing Receivable, Modifications      
With an ALLL 218   274
No Related ALLL 291   364
Total 509   638
Interest Income Recognized 11 2  
Total portfolio loans and leases 69,028   68,997
Commercial | Commercial and industrial loans      
Financing Receivable, Modifications      
With an ALLL 161   213
No Related ALLL 198   260
Total 359   473
Interest Income Recognized 5 1  
Loans and leases held for sale 71   230
Total portfolio loans and leases 49,094   49,665
Commercial | Commercial mortgage owner-occupied loans      
Financing Receivable, Modifications      
With an ALLL 15   20
No Related ALLL 57   60
Total 72   80
Interest Income Recognized 5 0  
Total portfolio loans and leases 4,752   4,675
Commercial | Commercial mortgage nonowner-occupied loans      
Financing Receivable, Modifications      
With an ALLL 34   34
No Related ALLL 36   43
Total 70   77
Interest Income Recognized 1 0  
Total portfolio loans and leases 5,729   5,927
Commercial | Commercial construction loans      
Financing Receivable, Modifications      
With an ALLL 2   1
No Related ALLL 0   0
Total 2   1
Interest Income Recognized 0 0  
Total portfolio loans and leases 6,198   5,815
Commercial | Commercial leases      
Financing Receivable, Modifications      
With an ALLL 6   6
No Related ALLL 0   1
Total 6   7
Interest Income Recognized 0 1  
Loans and leases held for sale 0   39
Total portfolio loans and leases 3,255   2,915
Residential Mortgage      
Financing Receivable, Modifications      
With an ALLL 5   11
No Related ALLL 51   49
Total 56   60
Interest Income Recognized 7 8  
Consumer      
Financing Receivable, Modifications      
With an ALLL 138   97
No Related ALLL 38   39
Total 176   136
Interest Income Recognized 3 4  
Total portfolio loans and leases 39,827   39,785
Consumer | Home equity      
Financing Receivable, Modifications      
With an ALLL 60   55
No Related ALLL 30   31
Total 90   86
Interest Income Recognized 2 3  
Total portfolio loans and leases 4,815   5,183
Consumer | Home equity | Nonperforming      
Financing Receivable, Modifications      
Total portfolio loans and leases 90   86
Consumer | Indirect secured consumer loans      
Financing Receivable, Modifications      
With an ALLL 45   8
No Related ALLL 8   8
Total 53   16
Interest Income Recognized 0 0  
Total portfolio loans and leases 14,336   13,653
Consumer | Indirect secured consumer loans | Nonperforming      
Financing Receivable, Modifications      
Total portfolio loans and leases 53   16
Consumer | Credit card      
Financing Receivable, Modifications      
With an ALLL 30   32
No Related ALLL 0   0
Total 30   32
Interest Income Recognized 1 1  
Total portfolio loans and leases 1,810   2,007
Consumer | Credit card | Nonperforming      
Financing Receivable, Modifications      
Total portfolio loans and leases 30   32
Consumer | Other consumer loans      
Financing Receivable, Modifications      
With an ALLL 3   2
No Related ALLL 0   0
Total 3   2
Interest Income Recognized 0 0  
Total portfolio loans and leases 3,090   3,014
Consumer | Other consumer loans | Nonperforming      
Financing Receivable, Modifications      
Total portfolio loans and leases 3   2
Nonaccrual Portfolio Loans and Leases      
Financing Receivable, Modifications      
With an ALLL 361   382
No Related ALLL 380   452
Total 741   834
Interest Income Recognized 21 14  
OREO and Other Repossessed Assets      
Financing Receivable, Modifications      
With an ALLL 0   0
No Related ALLL 42   30
Total 42   $ 30
Interest Income Recognized $ 0 $ 0  
[1] Includes $1,801 and $1,481 of residential mortgage loans held for sale measured at fair value and $9 and $0 of commercial loans held for sale measured at fair value at March 31, 2021 and December 31, 2020, respectively.
[2] Includes $153 and $161 of residential mortgage loans measured at fair value at March 31, 2021 and December 31, 2020, respectively.
[3] 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.