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Parent Company Financial Statements - Condensed Balance Sheet - Parent Company Only (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Assets        
Available-for-sale debt and other securities [1] $ 51,503 $ 38,110    
Equity securities 317 376    
Goodwill 4,915 4,514 $ 4,258  
Other assets [2] 13,459 11,444    
Total Assets 207,452 211,116    
Liabilities        
Other short-term borrowings 4,838 980    
Accrued expenses and other liabilities [2] 5,881 4,267    
Long-term debt (external) [2] 13,714 11,821    
Total Liabilities 190,125 188,906    
Equity        
Common stock [3] 2,051 2,051    
Preferred stock [4] 2,116 2,116    
Capital surplus 3,684 3,624    
Retained earnings 21,689 20,236    
Accumulated other comprehensive (loss) income (5,110) 1,207    
Treasury stock [3] (7,103) (7,024)    
Total Equity 17,327 22,210 23,111 $ 21,203
Total Liabilities and Equity 207,452 211,116    
Parent Company        
Assets        
Cash 120 122 $ 120 $ 118
Other short-term investments 5,667 6,234    
Available-for-sale debt and other securities 1,000 0    
Equity securities 34 49    
Loans to nonbank subsidiaries 60 192    
Investment in nonbank subsidiaries 20,256 23,877    
Goodwill 80 80    
Other assets 326 431    
Total Assets 27,543 30,985    
Liabilities        
Other short-term borrowings 121 361    
Accrued expenses and other liabilities 764 487    
Long-term debt (external) 9,331 7,927    
Total Liabilities 10,216 8,775    
Equity        
Common stock 2,051 2,051    
Preferred stock 2,116 2,116    
Capital surplus 3,684 3,624    
Retained earnings 21,689 20,236    
Accumulated other comprehensive (loss) income (5,110) 1,207    
Treasury stock (7,103) (7,024)    
Total Equity 17,327 22,210    
Total Liabilities and Equity $ 27,543 $ 30,985    
[1] Amortized cost of $57,530 and $36,941 at December 31, 2022 and 2021, respectively.
[2] Includes $17 and $24 of other short-term investments, $185 and $322 of portfolio loans and leases, $(2) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities and $118 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2022 and 2021, respectively. For further information, refer to Note 12.
[3] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at December 31, 2022 – 683,385,880 (excludes 240,506,701 treasury shares), 2021 – 682,777,664 (excludes 241,114,917 treasury shares).
[4] 500,000 shares of no par value preferred stock were authorized at both December 31, 2022 and 2021. There were 422,000 unissued shares of undesignated no par value preferred stock at both December 31, 2022 and 2021. Each issued share of no par value preferred stock has a liquidation preference of $25,000. 500,000 shares of no par value Class B preferred stock were authorized at both December 31, 2022 and 2021. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both December 31, 2022 and 2021. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.