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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 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Financing Receivable, Modifications          
With an ALLL $ 351   $ 351   $ 382
No Related ALLL 306   306   482
Total 657   657   864
Loans and leases held for sale [1] 5,730   5,730   4,741
Total portfolio loans and leases [2],[3] 107,733   107,733   108,782
Nonperforming          
Financing Receivable, Modifications          
Loans and leases held for sale 13   13   5
Restructured loans held for sale 27   27   1
Nonperforming | Government Insured          
Financing Receivable, Modifications          
Total portfolio loans and leases 26   26   29
Restructured nonaccrual loans and leases 13   13   17
Commercial          
Financing Receivable, Modifications          
With an ALLL 221   221   274
No Related ALLL 188   188   364
Total 409   409   638
Interest Income Recognized 8 $ 3 18 $ 5  
Total portfolio loans and leases 67,020   67,020   68,997
Commercial | Commercial and industrial loans          
Financing Receivable, Modifications          
With an ALLL 181   181   213
No Related ALLL 167   167   260
Total 348   348   473
Interest Income Recognized 4 3 9 4  
Loans and leases held for sale 11   11   230
Total portfolio loans and leases 47,564   47,564   49,665
Commercial | Commercial mortgage owner-occupied loans          
Financing Receivable, Modifications          
With an ALLL 11   11   20
No Related ALLL 17   17   60
Total 28   28   80
Interest Income Recognized 2 0 7 0  
Total portfolio loans and leases 4,757   4,757   4,675
Commercial | Commercial mortgage nonowner-occupied loans          
Financing Receivable, Modifications          
With an ALLL 23   23   34
No Related ALLL 1   1   43
Total 24   24   77
Interest Income Recognized 2 0 2 0  
Total portfolio loans and leases 5,590   5,590   5,927
Commercial | Commercial construction loans          
Financing Receivable, Modifications          
With an ALLL 0   0   1
No Related ALLL 0   0   0
Total 0   0   1
Loans and leases held for sale 2   2   0
Total portfolio loans and leases 5,871   5,871   5,815
Commercial | Commercial leases          
Financing Receivable, Modifications          
With an ALLL 6   6   6
No Related ALLL 3   3   1
Total 9   9   7
Interest Income Recognized 0 0 0 1  
Loans and leases held for sale 0   0   39
Total portfolio loans and leases 3,238   3,238   2,915
Residential Mortgage          
Financing Receivable, Modifications          
With an ALLL 3   3   11
No Related ALLL 46   46   49
Total 49   49   60
Interest Income Recognized 6 7 13 15  
Consumer          
Financing Receivable, Modifications          
With an ALLL 127   127   97
No Related ALLL 36   36   39
Total 163   163   136
Interest Income Recognized 3 3 7 7  
Total portfolio loans and leases 40,713   40,713   39,785
Consumer | Home equity          
Financing Receivable, Modifications          
With an ALLL 56   56   55
No Related ALLL 29   29   31
Total 85   85   86
Interest Income Recognized 2 2 4 5  
Total portfolio loans and leases 4,545   4,545   5,183
Consumer | Home equity | Nonperforming          
Financing Receivable, Modifications          
Total portfolio loans and leases 85   85   86
Consumer | Indirect secured consumer loans          
Financing Receivable, Modifications          
With an ALLL 42   42   8
No Related ALLL 7   7   8
Total 49   49   16
Interest Income Recognized 0 0 1 0  
Total portfolio loans and leases 15,192   15,192   13,653
Consumer | Indirect secured consumer loans | Nonperforming          
Financing Receivable, Modifications          
Total portfolio loans and leases 49   49   16
Consumer | Credit card          
Financing Receivable, Modifications          
With an ALLL 27   27   32
No Related ALLL 0   0   0
Total 27   27   32
Interest Income Recognized 1 1 2 2  
Total portfolio loans and leases 1,793   1,793   2,007
Consumer | Credit card | Nonperforming          
Financing Receivable, Modifications          
Total portfolio loans and leases 27   27   32
Consumer | Other consumer loans          
Financing Receivable, Modifications          
With an ALLL 2   2   2
No Related ALLL 0   0   0
Total 2   2   2
Total portfolio loans and leases 3,052   3,052   3,014
Consumer | Other consumer loans | Nonperforming          
Financing Receivable, Modifications          
Total portfolio loans and leases 2   2   2
Nonaccrual Portfolio Loans and Leases          
Financing Receivable, Modifications          
With an ALLL 351   351   382
No Related ALLL 270   270   452
Total 621   621   834
Interest Income Recognized 17 $ 13 38 $ 27  
OREO and Other Repossessed Assets          
Financing Receivable, Modifications          
With an ALLL 0   0   0
No Related ALLL 36   36   30
Total $ 36   $ 36   $ 30
[1] Includes $1,633 and $1,481 of residential mortgage loans held for sale measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[2] Includes $151 and $161 of residential mortgage loans measured at fair value at June 30, 2021 and December 31, 2020, respectively.
[3] 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.