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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 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Financing Receivable, Modifications          
Total portfolio loans and leases [1],[2] $ 120,088   $ 120,088   $ 121,480
Residential Mortgage          
Financing Receivable, Modifications          
Residential mortgage loans 113 $ 125 113 $ 125 123
Residential Mortgage | Federal Housing Administration Loan          
Financing Receivable, Modifications          
Losses due to claim denials and curtailments 1 $ 0 2 $ 2  
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 84   84   81
Residential Mortgage | 90 days or more past due | Federal Housing Administration Loan          
Financing Receivable, Modifications          
Total portfolio loans and leases 143   143   147
Residential Mortgage | Nonperforming          
Financing Receivable, Modifications          
Residential mortgage loans 2   2   2
Residential Mortgage | Residential mortgage loans          
Financing Receivable, Modifications          
Year One 889   889   3,199
Year Two 3,179   3,179   5,447
Year Three 5,114   5,114   2,989
Year Four 2,774   2,774   1,056
Year Five 973   973   354
Prior 4,251   4,251   4,460
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17,180   17,180   17,505
Residential Mortgage | Residential mortgage loans | Performing          
Financing Receivable, Modifications          
Year One 889   889   3,199
Year Two 3,174   3,174   5,444
Year Three 5,109   5,109   2,985
Year Four 2,769   2,769   1,052
Year Five 969   969   347
Prior 4,145   4,145   4,356
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17,055   17,055   17,383
Residential Mortgage | Residential mortgage loans | Performing | Current          
Financing Receivable, Modifications          
Year One 889   889   3,195
Year Two 3,171   3,171   5,440
Year Three 5,103   5,103   2,981
Year Four 2,768   2,768   1,051
Year Five 968   968   344
Prior 4,129   4,129   4,336
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17,028   17,028   17,347
Residential Mortgage | Residential mortgage loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   4
Year Two 1   1   4
Year Three 5   5   3
Year Four 1   1   1
Year Five 1   1   2
Prior 13   13   15
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 21   21   29
Residential Mortgage | Residential mortgage loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 2   2   0
Year Three 1   1   1
Year Four 0   0   0
Year Five 0   0   1
Prior 3   3   5
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 6   6   7
Residential Mortgage | Residential mortgage loans | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 5   5   3
Year Three 5   5   4
Year Four 5   5   4
Year Five 4   4   7
Prior 106   106   104
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 125   125   122
Consumer          
Financing Receivable, Modifications          
Total portfolio loans and leases 44,970   44,970   45,091
Consumer | Residential mortgage loans          
Financing Receivable, Modifications          
Total portfolio loans and leases 17,293   17,293   17,628
Consumer | Home equity          
Financing Receivable, Modifications          
Year One 58   58   46
Year Two 43   43   3
Year Three 3   3   7
Year Four 6   6   15
Year Five 12   12   17
Prior 105   105   105
Revolving Loans 3,635   3,635   3,827
Revolving Loans Converted to Term Loans 36   36   19
Total portfolio loans and leases 3,898   3,898   4,039
Consumer | Home equity | Performing          
Financing Receivable, Modifications          
Year One 58   58   46
Year Two 43   43   3
Year Three 3   3   7
Year Four 6   6   15
Year Five 12   12   17
Prior 99   99   97
Revolving Loans 3,584   3,584   3,769
Revolving Loans Converted to Term Loans 35   35   18
Total portfolio loans and leases 3,840   3,840   3,972
Consumer | Home equity | Performing | Current          
Financing Receivable, Modifications          
Year One 58   58   46
Year Two 43   43   3
Year Three 3   3   7
Year Four 6   6   15
Year Five 12   12   17
Prior 97   97   94
Revolving Loans 3,561   3,561   3,741
Revolving Loans Converted to Term Loans 32   32   18
Total portfolio loans and leases 3,812   3,812   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 2   2   2
Revolving Loans 23   23   28
Revolving Loans Converted to Term Loans 3   3   0
Total portfolio loans and leases 28   28   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 0   0   1
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 0   0   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 6   6   8
Revolving Loans 51   51   58
Revolving Loans Converted to Term Loans 1   1   1
Total portfolio loans and leases 58   58   67
Consumer | Indirect secured consumer loans          
Financing Receivable, Modifications          
Year One 3,410   3,410   6,072
Year Two 4,738   4,738   5,923
Year Three 4,409   4,409   2,635
Year Four 1,786   1,786   1,245
Year Five 742   742   431
Prior 349   349   246
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 15,434   15,434   16,552
Consumer | Indirect secured consumer loans | Performing          
Financing Receivable, Modifications          
Year One 3,408   3,408   6,068
Year Two 4,729   4,729   5,917
Year Three 4,401   4,401   2,628
Year Four 1,780   1,780   1,239
Year Five 739   739   427
Prior 346   346   244
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 15,403   15,403   16,523
Consumer | Indirect secured consumer loans | Performing | Current          
Financing Receivable, Modifications          
Year One 3,392   3,392   6,034
Year Two 4,685   4,685   5,875
Year Three 4,363   4,363   2,600
Year Four 1,761   1,761   1,217
Year Five 727   727   416
Prior 337   337   239
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 15,265   15,265   16,381
Consumer | Indirect secured consumer loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 16   16   34
Year Two 44   44   42
Year Three 38   38   28
Year Four 19   19   22
Year Five 12   12   11
Prior 9   9   5
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 138   138   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 2   2   4
Year Two 9   9   6
Year Three 8   8   7
Year Four 6   6   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 31   31   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 1,817   1,817   1,874
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 1,817   1,817   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 1,785   1,785   1,847
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 1,785   1,785   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 1,744   1,744   1,808
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 1,744   1,744   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 21   21   21
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 21   21   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 20   20   18
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 20   20   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 32   32   27
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 32   32   27
Consumer | Other consumer loans          
Financing Receivable, Modifications          
Year One 2,080   2,080   2,720
Year Two 2,819   2,819   547
Year Three 348   348   358
Year Four 176   176   171
Year Five 95   95   114
Prior 119   119   149
Revolving Loans 850   850   913
Revolving Loans Converted to Term Loans 41   41   26
Total portfolio loans and leases 6,528   6,528   4,998
Consumer | Other consumer loans | Performing          
Financing Receivable, Modifications          
Year One 2,076   2,076   2,718
Year Two 2,789   2,789   546
Year Three 344   344   358
Year Four 175   175   171
Year Five 94   94   114
Prior 118   118   148
Revolving Loans 850   850   912
Revolving Loans Converted to Term Loans 41   41   26
Total portfolio loans and leases 6,487   6,487   4,993
Consumer | Other consumer loans | Performing | Current          
Financing Receivable, Modifications          
Year One 2,071   2,071   2,704
Year Two 2,773   2,773   540
Year Three 340   340   355
Year Four 173   173   169
Year Five 92   92   112
Prior 117   117   146
Revolving Loans 847   847   908
Revolving Loans Converted to Term Loans 40   40   26
Total portfolio loans and leases 6,453   6,453   4,960
Consumer | Other consumer loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 5   5   14
Year Two 16   16   6
Year Three 4   4   3
Year Four 2   2   2
Year Five 2   2   2
Prior 1   1   2
Revolving Loans 3   3   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 4   4   2
Year Two 30   30   1
Year Three 4   4   0
Year Four 1   1   0
Year Five 1   1   0
Prior 1   1   1
Revolving Loans 0   0   1
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 41   41   5
Residential Mortgage and Consumer          
Financing Receivable, Modifications          
Year One 6,437   6,437   12,037
Year Two 10,779   10,779   11,920
Year Three 9,874   9,874   5,989
Year Four 4,742   4,742   2,487
Year Five 1,822   1,822   916
Prior 4,824   4,824   4,960
Revolving Loans 6,302   6,302   6,614
Revolving Loans Converted to Term Loans 77   77   45
Total portfolio loans and leases 44,857   44,857   44,968
Residential Mortgage and Consumer | Performing          
Financing Receivable, Modifications          
Year One 6,431   6,431   12,031
Year Two 10,735   10,735   11,910
Year Three 9,857   9,857   5,978
Year Four 4,730   4,730   2,477
Year Five 1,814   1,814   905
Prior 4,708   4,708   4,845
Revolving Loans 6,219   6,219   6,528
Revolving Loans Converted to Term Loans 76   76   44
Total portfolio loans and leases 44,570   44,570   44,718
Residential Mortgage and Consumer | Performing | Current          
Financing Receivable, Modifications          
Year One 6,410   6,410   11,979
Year Two 10,672   10,672   11,858
Year Three 9,809   9,809   5,943
Year Four 4,708   4,708   2,452
Year Five 1,799   1,799   889
Prior 4,680   4,680   4,815
Revolving Loans 6,152   6,152   6,457
Revolving Loans Converted to Term Loans 72   72   44
Total portfolio loans and leases 44,302   44,302   44,437
Residential Mortgage and Consumer | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 21   21   52
Year Two 61   61   52
Year Three 47   47   34
Year Four 22   22   25
Year Five 15   15   15
Prior 25   25   24
Revolving Loans 47   47   52
Revolving Loans Converted to Term Loans 4   4   0
Total portfolio loans and leases 242   242   254
Residential Mortgage and Consumer | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 2   2   0
Year Three 1   1   1
Year Four 0   0   0
Year Five 0   0   1
Prior 3   3   6
Revolving Loans 20   20   19
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 26   26   27
Residential Mortgage and Consumer | Nonperforming          
Financing Receivable, Modifications          
Year One 6   6   6
Year Two 44   44   10
Year Three 17   17   11
Year Four 12   12   10
Year Five 8   8   11
Prior 116   116   115
Revolving Loans 83   83   86
Revolving Loans Converted to Term Loans 1   1   1
Total portfolio loans and leases $ 287   $ 287   $ 250
[1] Includes $113 and $123 of residential mortgage loans measured at fair value at September 30, 2023 and December 31, 2022, respectively.
[2] Includes $59 and $17 of other short-term investments, $1,728 and $185 of portfolio loans and leases, $(27) and $(2) of ALLL, $11 and $2 of other assets, $15 and $9 of other liabilities, and $1,553 and $118 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2023 and December 31, 2022, respectively. For further information, refer to Note 12.