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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 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Financing Receivable, Modifications          
With an ALLL $ 317   $ 317   $ 382
No Related ALLL 242   242   482
Total 559   559   864
Loans and leases held for sale [1] 5,203   5,203   4,741
Total portfolio loans and leases [2],[3] 107,911   107,911   108,782
Nonperforming          
Financing Receivable, Modifications          
Loans and leases held for sale         5
Restructured loans held for sale 1   1   1
Nonperforming | Government Insured          
Financing Receivable, Modifications          
Total portfolio loans and leases 26   26   29
Restructured nonaccrual loans and leases 11   11   17
Commercial          
Financing Receivable, Modifications          
With an ALLL 206   206   274
No Related ALLL 143   143   364
Total 349   349   638
Interest Income Recognized 7 $ 2 25 $ 7  
Total portfolio loans and leases 66,720   66,720   68,997
Commercial | Commercial and industrial loans          
Financing Receivable, Modifications          
With an ALLL 169   169   213
No Related ALLL 124   124   260
Total 293   293   473
Interest Income Recognized 4 2 13 6  
Loans and leases held for sale 2   2   230
Total portfolio loans and leases 47,834   47,834   49,665
Commercial | Commercial mortgage owner-occupied loans          
Financing Receivable, Modifications          
With an ALLL 9   9   20
No Related ALLL 14   14   60
Total 23   23   80
Interest Income Recognized 2 0 9 0  
Total portfolio loans and leases 4,786   4,786   4,675
Commercial | Commercial mortgage nonowner-occupied loans          
Financing Receivable, Modifications          
With an ALLL 23   23   34
No Related ALLL 4   4   43
Total 27   27   77
Interest Income Recognized 1 0 3 0  
Total portfolio loans and leases 5,514   5,514   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
Total portfolio loans and leases 5,456   5,456   5,815
Commercial | Commercial leases          
Financing Receivable, Modifications          
With an ALLL 5   5   6
No Related ALLL 1   1   1
Total 6   6   7
Interest Income Recognized 0 0 0 1  
Loans and leases held for sale 0   0   39
Total portfolio loans and leases 3,130   3,130   2,915
Residential Mortgage          
Financing Receivable, Modifications          
With an ALLL 4   4   11
No Related ALLL 35   35   49
Total 39   39   60
Interest Income Recognized 6 7 19 22  
Consumer          
Financing Receivable, Modifications          
With an ALLL 107   107   97
No Related ALLL 33   33   39
Total 140   140   136
Interest Income Recognized 3 3 9 10  
Total portfolio loans and leases 41,191   41,191   39,785
Consumer | Home equity          
Financing Receivable, Modifications          
With an ALLL 52   52   55
No Related ALLL 26   26   31
Total 78   78   86
Interest Income Recognized 2 2 5 7  
Total portfolio loans and leases 4,276   4,276   5,183
Consumer | Home equity | Nonperforming          
Financing Receivable, Modifications          
Total portfolio loans and leases 78   78   86
Consumer | Indirect secured consumer loans          
Financing Receivable, Modifications          
With an ALLL 29   29   8
No Related ALLL 7   7   8
Total 36   36   16
Interest Income Recognized 0 0 1 0  
Total portfolio loans and leases 16,004   16,004   13,653
Consumer | Indirect secured consumer loans | Nonperforming          
Financing Receivable, Modifications          
Total portfolio loans and leases 36   36   16
Consumer | Credit card          
Financing Receivable, Modifications          
With an ALLL 24   24   32
No Related ALLL 0   0   0
Total 24   24   32
Interest Income Recognized 1 1 3 3  
Total portfolio loans and leases 1,744   1,744   2,007
Consumer | Credit card | Nonperforming          
Financing Receivable, Modifications          
Total portfolio loans and leases 24   24   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 3,009   3,009   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 317   317   382
No Related ALLL 211   211   452
Total 528   528   834
Interest Income Recognized 16 $ 12 53 $ 39  
OREO and Other Repossessed Assets          
Financing Receivable, Modifications          
With an ALLL 0   0   0
No Related ALLL 31   31   30
Total $ 31   $ 31   $ 30
[1] Includes $1,532 and $1,481 of residential mortgage loans held for sale measured at fair value at September 30, 2021 and December 31, 2020, respectively.
[2] Includes $156 and $161 of residential mortgage loans measured at fair value at September 30, 2021 and December 31, 2020, respectively.
[3] Includes $27 and $55 of other short-term investments, $383 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $2 and $5 of other assets, $1 and $2 of other liabilities, and $325 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 12.