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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The following tables reflect the notional amounts and fair values for all derivative instruments included in the Consolidated Balance Sheets as of:
Fair Value
December 31, 2022 ($ in millions)Notional    
Amount    		Derivative
Assets		    Derivative    
Liabilities
Derivatives Designated as Qualifying Hedging Instruments
Fair value hedges:
Interest rate swaps related to long-term debt$5,955 126 195 
Total fair value hedges126 195 
Cash flow hedges:
Interest rate floors related to C&I loans3,000 4 — 
Interest rate swaps related to C&I loans8,000 — 76 
Interest rate swaps related to C&I loans - forward starting(c)
11,000 22 — 
Interest rate swaps related to commercial mortgage and commercial construction loans4,000 — 25 
Interest rate swaps related to commercial mortgage and commercial construction loans - forward starting(c)
4,000 5 — 
Total cash flow hedges31 101 
Total derivatives designated as qualifying hedging instruments157 296 
Derivatives Not Designated as Qualifying Hedging Instruments
Free-standing derivatives - risk management and other business purposes:
Interest rate contracts related to MSR portfolio2,975 62 17 
Forward contracts related to residential mortgage loans held for sale(b)
1,869 9 7 
Swap associated with the sale of Visa, Inc. Class B Shares3,358 — 195 
Foreign exchange contracts156 1 — 
Interest-only strips58 4 — 
Interest rate contracts for collateral management12,000 9 1 
Interest rate contracts for LIBOR transition597 — — 
Total free-standing derivatives - risk management and other business purposes85 220 
Free-standing derivatives - customer accommodation:
Interest rate contracts(a)
83,605 998 1,663 
Interest rate lock commitments216 2 1 
Commodity contracts16,122 1,478 1,350 
TBA securities62 — — 
Foreign exchange contracts25,322 453 422 
Total free-standing derivatives - customer accommodation2,931 3,436 
Total derivatives not designated as qualifying hedging instruments3,016 3,656 
Total$3,173 3,952 
(a)Derivative assets and liabilities are presented net of variation margin of $694 and $37, respectively.
(b)Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments.
(c)Forward starting swaps will become effective on various dates between February 2023 and February 2025.
Fair Value
December 31, 2021 ($ in millions)Notional    
Amount    		Derivative
Assets		    Derivative    
Liabilities
Derivatives Designated as Qualifying Hedging Instruments
Fair value hedges:
Interest rate swaps related to long-term debt$1,955 393 2 
Interest rate swaps related to available-for-sale debt and other securities445 7 — 
Total fair value hedges400 2 
Cash flow hedges:
Interest rate floors related to C&I loans3,000 122 — 
Interest rate swaps related to C&I loans8,000 — 1 
Interest rate swaps related to commercial mortgage and commercial construction loans4,000 — — 
Total cash flow hedges122 1 
Total derivatives designated as qualifying hedging instruments522 3 
Derivatives Not Designated as Qualifying Hedging Instruments
Free-standing derivatives - risk management and other business purposes:
Interest rate contracts related to MSR portfolio6,260 140 — 
Forward contracts related to residential mortgage loans held for sale(b)
1,952 2 2 
Swap associated with the sale of Visa, Inc. Class B Shares3,545 — 214 
Foreign exchange contracts158 — 1 
Interest rate contracts for collateral management12,000 5 4 
Interest rate contracts for LIBOR transition2,372 — — 
Total free-standing derivatives - risk management and other business purposes147 221 
Free-standing derivatives - customer accommodation:
Interest rate contracts(a)
76,061 578 232 
Interest rate lock commitments673 12 — 
Commodity contracts12,376 1,326 1,260 
TBA securities55 — — 
Foreign exchange contracts23,148 323 297 
Total free-standing derivatives - customer accommodation2,239 1,789 
Total derivatives not designated as qualifying hedging instruments2,386 2,010 
Total$2,908 2,013 
(a)Derivative assets and liabilities are presented net of variation margin of $104 and $472, respectively.
(b)Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments.
Net Gains (Losses) Recognized in the Income Statement Related to Derivatives in Fair Value Hedging Relationships
The following table reflects the changes in fair value of interest rate contracts, designated as fair value hedges and the changes in fair value of the related hedged items attributable to the risk being hedged, as well as the line items in the Consolidated Statements of Income in which the corresponding gains or losses are recorded:
For the years ended December 31 ($ in millions)Consolidated Statements of Income Caption202220212020
Long-term debt:
Change in fair value of interest rate swaps hedging long-term debtInterest on long-term debt$(460)(138)134 
Change in fair value of hedged long-term debt attributable to the risk
being hedged
Interest on long-term debt460 138 (133)
Available-for-sale debt and other securities:
Change in fair value of interest rate swaps hedging available-for-sale
debt and other securities
Interest on securities8 7 — 
Change in fair value of hedged available-for-sale debt and other
securities attributable to the risk being hedged
Interest on securities(8)(7)— 

The following amounts were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of December 31:
($ in millions)Consolidated Balance 
Sheets Caption		20222021
Long-term debt:
Carrying amount of the hedged itemsLong-term debt$5,865 2,339 
Cumulative amount of fair value hedging adjustments included in
the carrying amount of the hedged items
Long-term debt(64)396 
Available-for-sale debt and other securities:
Carrying amount of the hedged items(a)
Available-for-sale debt and other securities— 465 
Cumulative amount of fair value hedging adjustments included in
the carrying amount of the hedged items
Available-for-sale debt and other securities— (8)
Cumulative amount of fair value hedging adjustments remaining
for hedged items for which hedge accounting has been discontinued
Available-for-sale debt and other securities(14)— 
(a)The carrying amount represents the amortized cost basis of the hedged items (which excludes unrealized gains and losses) plus the fair value hedging adjustments.
Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges
The following table presents the pre-tax net (losses) gains recorded in the Consolidated Statements of Income and in the Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges:
For the years ended December 31 ($ in millions)202220212020
Amount of pre-tax net (losses) gains recognized in OCI$(1,006)(185)611 
Amount of pre-tax net gains reclassified from OCI into net income99 293 237 
Schedule of Price Risk Derivatives
The net (losses) gains recorded in the Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table:
For the years ended December 31 ($ in millions)Consolidated Statements of Income Caption202220212020
Interest rate contracts:
Forward contracts related to residential mortgage loans held for saleMortgage banking net revenue$3 15 (12)
Interest rate contracts related to MSR portfolioMortgage banking net revenue(363)(123)307 
Foreign exchange contracts:
Foreign exchange contracts for risk management purposesOther noninterest income12 (3)(3)
Equity contracts:
Swap associated with sale of Visa, Inc. Class B SharesOther noninterest income(84)(86)(103)
Risk Ratings of the Notional Amount of Risk Participation Agreements
Risk ratings of the notional amount of risk participation agreements under this risk rating system are summarized in the following table as of December 31:
($ in millions)20222021
Pass$3,597 3,733 
Special mention81 13 
Substandard32 34 
Total$3,710 3,780 
Net Gains (Losses) Recognized in the Income Statement Related to Free-Standing Derivative Instruments Used For Customer Accommodation
The net gains (losses) recorded in the Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table:
For the years ended December 31 ($ in millions)Consolidated Statements of Income Caption202220212020
Interest rate contracts:
Interest rate contracts for customers (contract revenue)Commercial banking revenue$48 38 36 
Interest rate contracts for customers (credit portion of fair value adjustment)Other noninterest expense10 21 (22)
Interest rate lock commitmentsMortgage banking net revenue16 149 271 
Commodity contracts:
Commodity contracts for customers (contract revenue)Commercial banking revenue44 23 15 
Commodity contracts for customers (credit losses)Other noninterest expense— (1)(1)
Commodity contracts for customers (credit portion of fair value adjustment)Other noninterest expense— — (2)
Foreign exchange contracts:
Foreign exchange contracts for customers (contract revenue)Commercial banking revenue70 61 55 
Foreign exchange contracts for customers (contract revenue)Other noninterest expense8 2 (11)
Foreign exchange contracts for customers (credit portion of fair value adjustment)Other noninterest expense(3)— (1)
Offsetting Derivative Financial Instruments
The following table provides a summary of offsetting derivative financial instruments:
Gross Amount Recognized in the Consolidated Balance Sheets(a)
Gross Amounts Not Offset in the
Consolidated Balance Sheets
Derivatives
Collateral(b)
Net Amount
As of December 31, 2022
Derivative assets$3,171 (1,405)(887)879 
Derivative liabilities3,951 (1,405)(406)2,140 
As of December 31, 2021
Derivative assets$2,896 (837)(548)1,511 
Derivative liabilities2,013 (837)(712)464 
(a)Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements.
(b)Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Consolidated Balance Sheets were excluded from this table.