XML 79 R63.htm IDEA: XBRL DOCUMENT v3.21.2
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Transactions in the ALLL by Portfolio Segment (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period $ 2,208 $ 2,348 $ 2,453 [1] $ 1,202
Losses charged-off (103) (163) (211) (322)
Recoveries of losses previously charged-off 59 33 96 70
Provision (benefit) from loan and lease losses (131) 478 (305) 1,103
Balance, end of period 2,033 [1] 2,696 2,033 [1] 2,696
Cumulative Effect, Period of Adoption, Adjustment | ASU 2016-13        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period       643
Other Consumer Loans, Point of Sale        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Losses charged-off (8) (9) (18) (22)
Recoveries of losses previously charged-off 8 9 18 22
Commercial        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period 1,329 1,313 1,456 710
Losses charged-off (45) (81) (81) (142)
Recoveries of losses previously charged-off 28 3 35 7
Provision (benefit) from loan and lease losses (88) 267 (186) 767
Balance, end of period 1,224 1,502 1,224 1,502
Initial recognition of ALLL on PCD loans       31
Commercial | Cumulative Effect, Period of Adoption, Adjustment | ASU 2016-13        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period       160
Residential Mortgage        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period 247 260 294 73
Losses charged-off (1) (2) (2) (4)
Recoveries of losses previously charged-off 1 1 3 2
Provision (benefit) from loan and lease losses (12) 68 (60) 60
Balance, end of period 235 327 235 327
Initial recognition of ALLL on PCD loans   1   2
Residential Mortgage | Cumulative Effect, Period of Adoption, Adjustment | ASU 2016-13        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period       196
Consumer        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period 632 775 703 298
Losses charged-off (57) (80) (128) (176)
Recoveries of losses previously charged-off 30 29 58 61
Provision (benefit) from loan and lease losses (31) 143 (59) 276
Balance, end of period $ 574 867 $ 574 867
Initial recognition of ALLL on PCD loans       1
Consumer | Cumulative Effect, Period of Adoption, Adjustment | ASU 2016-13        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period       408
Unallocated        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period       121
Losses charged-off       0
Recoveries of losses previously charged-off       0
Provision (benefit) from loan and lease losses       0
Balance, end of period   $ 0   0
Unallocated | Cumulative Effect, Period of Adoption, Adjustment | ASU 2016-13        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period       $ (121)
[1] Includes $33 and $55 of other short-term investments, $455 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $3 and $5 of other assets, $1 and $2 of other liabilities, and $400 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 11.