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Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Credit Risk Profile of the Bancorp's Residential Mortgage and Consumer Portfolio Segments by Class (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Financing Receivable, Modifications          
Total portfolio loans and leases [1],[2] $ 121,891   $ 121,891   $ 121,480
Residential Mortgage          
Financing Receivable, Modifications          
Residential mortgage loans 124 $ 133 124 $ 133 123
Residential Mortgage | Federal Housing Administration Loan          
Financing Receivable, Modifications          
Losses due to claim denials and curtailments 1 $ 1 1 $ 1  
Residential Mortgage | 30-89 days past due          
Financing Receivable, Modifications          
Residential mortgage loans         1
Residential Mortgage | 30-89 days past due | Federal Housing Administration Loan          
Financing Receivable, Modifications          
Total portfolio loans and leases 73   73   81
Residential Mortgage | 90 days or more past due | Federal Housing Administration Loan          
Financing Receivable, Modifications          
Total portfolio loans and leases 169   169   147
Residential Mortgage | Nonperforming          
Financing Receivable, Modifications          
Residential mortgage loans 3   3   2
Residential Mortgage | Residential mortgage loans          
Financing Receivable, Modifications          
Year One 631   631   3,199
Year Two 3,209   3,209   5,447
Year Three 5,239   5,239   2,989
Year Four 2,849   2,849   1,056
Year Five 1,002   1,002   354
Prior 4,449   4,449   4,460
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17,379   17,379   17,505
Residential Mortgage | Residential mortgage loans | Performing          
Financing Receivable, Modifications          
Year One 631   631   3,199
Year Two 3,205   3,205   5,444
Year Three 5,235   5,235   2,985
Year Four 2,844   2,844   1,052
Year Five 998   998   347
Prior 4,332   4,332   4,356
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17,245   17,245   17,383
Residential Mortgage | Residential mortgage loans | Performing | Current          
Financing Receivable, Modifications          
Year One 631   631   3,195
Year Two 3,202   3,202   5,440
Year Three 5,231   5,231   2,981
Year Four 2,840   2,840   1,051
Year Five 998   998   344
Prior 4,317   4,317   4,336
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17,219   17,219   17,347
Residential Mortgage | Residential mortgage loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   4
Year Two 2   2   4
Year Three 3   3   3
Year Four 4   4   1
Year Five 0   0   2
Prior 10   10   15
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 19   19   29
Residential Mortgage | Residential mortgage loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 1   1   0
Year Three 1   1   1
Year Four 0   0   0
Year Five 0   0   1
Prior 5   5   5
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 7   7   7
Residential Mortgage | Residential mortgage loans | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 4   4   3
Year Three 4   4   4
Year Four 5   5   4
Year Five 4   4   7
Prior 117   117   104
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 134   134   122
Consumer | Home equity          
Financing Receivable, Modifications          
Year One 35   35   46
Year Two 44   44   3
Year Three 3   3   7
Year Four 6   6   15
Year Five 13   13   17
Prior 111   111   105
Revolving Loans 3,672   3,672   3,827
Revolving Loans Converted to Term Loans 27   27   19
Total portfolio loans and leases 3,911   3,911   4,039
Consumer | Home equity | Performing          
Financing Receivable, Modifications          
Year One 35   35   46
Year Two 44   44   3
Year Three 3   3   7
Year Four 6   6   15
Year Five 13   13   17
Prior 104   104   97
Revolving Loans 3,619   3,619   3,769
Revolving Loans Converted to Term Loans 26   26   18
Total portfolio loans and leases 3,850   3,850   3,972
Consumer | Home equity | Performing | Current          
Financing Receivable, Modifications          
Year One 35   35   46
Year Two 44   44   3
Year Three 3   3   7
Year Four 6   6   15
Year Five 13   13   17
Prior 102   102   94
Revolving Loans 3,596   3,596   3,741
Revolving Loans Converted to Term Loans 26   26   18
Total portfolio loans and leases 3,825   3,825   3,941
Consumer | Home equity | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 1   1   2
Revolving Loans 23   23   28
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 24   24   30
Consumer | Home equity | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 1   1   1
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 1   1   1
Consumer | Home equity | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 7   7   8
Revolving Loans 53   53   58
Revolving Loans Converted to Term Loans 1   1   1
Total portfolio loans and leases 61   61   67
Consumer | Indirect secured consumer loans          
Financing Receivable, Modifications          
Year One 2,728   2,728   6,072
Year Two 5,119   5,119   5,923
Year Three 4,881   4,881   2,635
Year Four 2,043   2,043   1,245
Year Five 892   892   431
Prior 434   434   246
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 16,097   16,097   16,552
Consumer | Indirect secured consumer loans | Performing          
Financing Receivable, Modifications          
Year One 2,727   2,727   6,068
Year Two 5,113   5,113   5,917
Year Three 4,876   4,876   2,628
Year Four 2,038   2,038   1,239
Year Five 889   889   427
Prior 431   431   244
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 16,074   16,074   16,523
Consumer | Indirect secured consumer loans | Performing | Current          
Financing Receivable, Modifications          
Year One 2,720   2,720   6,034
Year Two 5,076   5,076   5,875
Year Three 4,840   4,840   2,600
Year Four 2,018   2,018   1,217
Year Five 875   875   416
Prior 422   422   239
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 15,951   15,951   16,381
Consumer | Indirect secured consumer loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 7   7   34
Year Two 37   37   42
Year Three 36   36   28
Year Four 20   20   22
Year Five 14   14   11
Prior 9   9   5
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 123   123   142
Consumer | Indirect secured consumer loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 0   0   0
Consumer | Indirect secured consumer loans | Nonperforming          
Financing Receivable, Modifications          
Year One 1   1   4
Year Two 6   6   6
Year Three 5   5   7
Year Four 5   5   6
Year Five 3   3   4
Prior 3   3   2
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 23   23   29
Consumer | Credit card          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 1,818   1,818   1,874
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 1,818   1,818   1,874
Consumer | Credit card | Performing          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 1,788   1,788   1,847
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 1,788   1,788   1,847
Consumer | Credit card | Performing | Current          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 1,751   1,751   1,808
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 1,751   1,751   1,808
Consumer | Credit card | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 20   20   21
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 20   20   21
Consumer | Credit card | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 17   17   18
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17   17   18
Consumer | Credit card | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 30   30   27
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 30   30   27
Consumer | Other consumer loans          
Financing Receivable, Modifications          
Year One 1,587   1,587   2,720
Year Two 2,940   2,940   547
Year Three 366   366   358
Year Four 182   182   171
Year Five 101   101   114
Prior 124   124   149
Revolving Loans 873   873   913
Revolving Loans Converted to Term Loans 37   37   26
Total portfolio loans and leases 6,210   6,210   4,998
Consumer | Other consumer loans | Performing          
Financing Receivable, Modifications          
Year One 1,586   1,586   2,718
Year Two 2,915   2,915   546
Year Three 363   363   358
Year Four 181   181   171
Year Five 100   100   114
Prior 123   123   148
Revolving Loans 872   872   912
Revolving Loans Converted to Term Loans 37   37   26
Total portfolio loans and leases 6,177   6,177   4,993
Consumer | Other consumer loans | Performing | Current          
Financing Receivable, Modifications          
Year One 1,580   1,580   2,704
Year Two 2,898   2,898   540
Year Three 360   360   355
Year Four 179   179   169
Year Five 98   98   112
Prior 122   122   146
Revolving Loans 870   870   908
Revolving Loans Converted to Term Loans 36   36   26
Total portfolio loans and leases 6,143   6,143   4,960
Consumer | Other consumer loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 6   6   14
Year Two 17   17   6
Year Three 3   3   3
Year Four 2   2   2
Year Five 2   2   2
Prior 1   1   2
Revolving Loans 2   2   3
Revolving Loans Converted to Term Loans 1   1   0
Total portfolio loans and leases 34   34   32
Consumer | Other consumer loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 0   0   1
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 0   0   1
Consumer | Other consumer loans | Nonperforming          
Financing Receivable, Modifications          
Year One 1   1   2
Year Two 25   25   1
Year Three 3   3   0
Year Four 1   1   0
Year Five 1   1   0
Prior 1   1   1
Revolving Loans 1   1   1
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 33   33   5
Residential Mortgage and Consumer          
Financing Receivable, Modifications          
Year One 4,981   4,981   12,037
Year Two 11,312   11,312   11,920
Year Three 10,489   10,489   5,989
Year Four 5,080   5,080   2,487
Year Five 2,008   2,008   916
Prior 5,118   5,118   4,960
Revolving Loans 6,363   6,363   6,614
Revolving Loans Converted to Term Loans 64   64   45
Total portfolio loans and leases 45,415   45,415   44,968
Residential Mortgage and Consumer | Performing          
Financing Receivable, Modifications          
Year One 4,979   4,979   12,031
Year Two 11,277   11,277   11,910
Year Three 10,477   10,477   5,978
Year Four 5,069   5,069   2,477
Year Five 2,000   2,000   905
Prior 4,990   4,990   4,845
Revolving Loans 6,279   6,279   6,528
Revolving Loans Converted to Term Loans 63   63   44
Total portfolio loans and leases 45,134   45,134   44,718
Residential Mortgage and Consumer | Performing | Current          
Financing Receivable, Modifications          
Year One 4,966   4,966   11,979
Year Two 11,220   11,220   11,858
Year Three 10,434   10,434   5,943
Year Four 5,043   5,043   2,452
Year Five 1,984   1,984   889
Prior 4,963   4,963   4,815
Revolving Loans 6,217   6,217   6,457
Revolving Loans Converted to Term Loans 62   62   44
Total portfolio loans and leases 44,889   44,889   44,437
Residential Mortgage and Consumer | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 13   13   52
Year Two 56   56   52
Year Three 42   42   34
Year Four 26   26   25
Year Five 16   16   15
Prior 21   21   24
Revolving Loans 45   45   52
Revolving Loans Converted to Term Loans 1   1   0
Total portfolio loans and leases 220   220   254
Residential Mortgage and Consumer | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 1   1   0
Year Three 1   1   1
Year Four 0   0   0
Year Five 0   0   1
Prior 6   6   6
Revolving Loans 17   17   19
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 25   25   27
Residential Mortgage and Consumer | Nonperforming          
Financing Receivable, Modifications          
Year One 2   2   6
Year Two 35   35   10
Year Three 12   12   11
Year Four 11   11   10
Year Five 8   8   11
Prior 128   128   115
Revolving Loans 84   84   86
Revolving Loans Converted to Term Loans 1   1   1
Total portfolio loans and leases $ 281   $ 281   $ 250
[1] Includes $1 and $17 of other short-term investments, $42 and $185 of portfolio loans and leases, $(1) and $(2) of ALLL, $0 and $2 of other assets, $9 and $9 of other liabilities, and $37 and $118 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2023 and December 31, 2022, respectively. For further information, refer to Note 11.
[2] Includes $124 and $123 of residential mortgage loans measured at fair value at June 30, 2023 and December 31, 2022, respectively.