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Parent Company Financial Statements - Condensed Balance Sheet - Parent Company Only (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets        
Other short-term investments [1] $ 22,082 $ 8,351    
Available-for-sale debt and other securities [2] 50,419 51,503    
Equity securities 613 317    
Goodwill 4,919 4,915 $ 4,514  
Other assets [1] 12,538 13,459    
Total Assets 214,574 207,452    
Liabilities        
Other short-term borrowings 2,861 4,838    
Accrued expenses and other liabilities [1] 4,861 5,881    
Long-term debt (external) [1] 16,380 13,714    
Total Liabilities 195,402 190,125    
Equity        
Common stock [3] 2,051 2,051    
Preferred stock [4] 2,116 2,116    
Capital surplus 3,757 3,684    
Retained earnings 22,997 21,689    
Accumulated other comprehensive loss (4,487) (5,110)    
Treasury stock [3] (7,262) (7,103)    
Total Equity 19,172 17,327 22,210 $ 23,111
Total Liabilities and Equity 214,574 207,452    
Parent Company        
Assets        
Cash 120 120 $ 122 $ 120
Other short-term investments 6,500 5,667    
Available-for-sale debt and other securities 1,000 1,000    
Equity securities 34 34    
Loans to nonbank subsidiaries 0 60    
Investment in nonbank subsidiaries 21,998 20,256    
Goodwill 80 80    
Other assets 179 326    
Total Assets 29,911 27,543    
Liabilities        
Other short-term borrowings 0 121    
Accrued expenses and other liabilities 631 764    
Long-term debt (external) 10,108 9,331    
Total Liabilities 10,739 10,216    
Equity        
Common stock 2,051 2,051    
Preferred stock 2,116 2,116    
Capital surplus 3,757 3,684    
Retained earnings 22,997 21,689    
Accumulated other comprehensive loss (4,487) (5,110)    
Treasury stock (7,262) (7,103)    
Total Equity 19,172 17,327    
Total Liabilities and Equity $ 29,911 $ 27,543    
[1] Includes $55 and $17 of other short-term investments, $1,573 and $185 of portfolio loans and leases, $(28) and $(2) of ALLL, $10 and $2 of other assets, $14 and $9 of other liabilities and $1,409 and $118 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2023 and 2022, respectively. For further information, refer to Note 12.
[2] Amortized cost of $55,789 and $57,530 at December 31, 2023 and 2022, respectively.
[3] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at December 31, 2023 – 681,124,810 (excludes 242,767,771 treasury shares), 2022 – 683,385,880 (excludes 240,506,701 treasury shares).
[4] 500,000 shares of no par value preferred stock were authorized at both December 31, 2023 and 2022. There were 422,000 unissued shares of undesignated no par value preferred stock at both December 31, 2023 and 2022. 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, 2023 and 2022. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both December 31, 2023 and 2022. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.