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Income Taxes
6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesThe applicable income tax expense was $162 million and $202 million for the three months ended June 30, 2022 and 2021, respectively, and $279 million and $391 million for the six months ended June 30, 2022 and 2021, respectively. The effective tax rates for the three months ended June 30, 2022 and 2021 were 22.4% and 22.1%, respectively, and 20.9% and 21.8% for the six months ended June 30, 2022 and 2021, respectively. While it is reasonably possible that the amount of the unrecognized tax benefits with respect to certain of the Bancorp’s uncertain tax positions could increase or decrease during the next twelve months, the Bancorp believes it is unlikely that its unrecognized tax benefits will change by a material amount during the next twelve months.