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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
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Financing Receivable, Modifications    
Total [1],[2] $ 117,234 $ 121,480
Residential Mortgage    
Financing Receivable, Modifications    
Loans measured at FV 116 123
Residential Mortgage | Federal Housing Administration Loan    
Financing Receivable, Modifications    
Losses due to claim denials and curtailments 2 2
Residential Mortgage | 30-89 days past due    
Financing Receivable, Modifications    
Loans measured at FV 1 1
Residential Mortgage | 30-89 days past due | Federal Housing Administration Loan    
Financing Receivable, Modifications    
Total 79 81
Residential Mortgage | 90 days or more past due | Federal Housing Administration Loan    
Financing Receivable, Modifications    
Total 141 147
Residential Mortgage | Nonperforming    
Financing Receivable, Modifications    
Loans measured at FV 2 2
Residential Mortgage | Residential mortgage loans    
Financing Receivable, Modifications    
Year One 995 3,199
Year Two 3,149 5,447
Year Three 5,014 2,989
Year Four 2,714 1,056
Year Five 949 354
Prior 4,089 4,460
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 16,910 17,505
Residential Mortgage | Residential mortgage loans | Performing    
Financing Receivable, Modifications    
Year One 995 3,199
Year Two 3,143 5,444
Year Three 5,008 2,985
Year Four 2,709 1,052
Year Five 945 347
Prior 3,988 4,356
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 16,788 17,383
Residential Mortgage | Residential mortgage loans | Performing | Current    
Financing Receivable, Modifications    
Year One 995 3,195
Year Two 3,139 5,440
Year Three 5,001 2,981
Year Four 2,703 1,051
Year Five 943 344
Prior 3,971 4,336
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 16,752 17,347
Residential Mortgage | Residential mortgage loans | Performing | 30-89 days past due    
Financing Receivable, Modifications    
Year One 0 4
Year Two 3 4
Year Three 6 3
Year Four 5 1
Year Five 1 2
Prior 14 15
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 29 29
Residential Mortgage | Residential mortgage loans | Performing | 90 days or more past due    
Financing Receivable, Modifications    
Year One 0 0
Year Two 1 0
Year Three 1 1
Year Four 1 0
Year Five 1 1
Prior 3 5
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 7 7
Residential Mortgage | Residential mortgage loans | Nonperforming    
Financing Receivable, Modifications    
Year One 0 0
Year Two 6 3
Year Three 6 4
Year Four 5 4
Year Five 4 7
Prior 101 104
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 122 122
Consumer    
Financing Receivable, Modifications    
Total 44,488 45,091
Consumer | Residential mortgage loans    
Financing Receivable, Modifications    
Total 17,026 17,628
Consumer | Home equity    
Financing Receivable, Modifications    
Year One 84 46
Year Two 41 3
Year Three 2 7
Year Four 6 15
Year Five 11 17
Prior 100 105
Revolving Loans 3,624 3,827
Revolving Loans Converted to Term Loans 48 19
Total 3,916 4,039
Consumer | Home equity | Performing    
Financing Receivable, Modifications    
Year One 84 46
Year Two 41 3
Year Three 2 7
Year Four 6 15
Year Five 11 17
Prior 94 97
Revolving Loans 3,574 3,769
Revolving Loans Converted to Term Loans 47 18
Total 3,859 3,972
Consumer | Home equity | Performing | Current    
Financing Receivable, Modifications    
Year One 84 46
Year Two 41 3
Year Three 2 7
Year Four 6 15
Year Five 11 17
Prior 92 94
Revolving Loans 3,549 3,741
Revolving Loans Converted to Term Loans 46 18
Total 3,831 3,941
Consumer | Home equity | Performing | 30-89 days past due    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 2 2
Revolving Loans 25 28
Revolving Loans Converted to Term Loans 1 0
Total 28 30
Consumer | Home equity | Performing | 90 days or more past due    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 1
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 0 1
Consumer | Home equity | Nonperforming    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 6 8
Revolving Loans 50 58
Revolving Loans Converted to Term Loans 1 1
Total 57 67
Consumer | Automobile Loan [Member]    
Financing Receivable, Modifications    
Year One 4,152 6,072
Year Two 4,393 5,923
Year Three 3,974 2,635
Year Four 1,552 1,245
Year Five 612 431
Prior 282 246
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 14,965 16,552
Consumer | Automobile Loan [Member] | Performing    
Financing Receivable, Modifications    
Year One 4,148 6,068
Year Two 4,382 5,917
Year Three 3,965 2,628
Year Four 1,546 1,239
Year Five 609 427
Prior 279 244
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 14,929 16,523
Consumer | Automobile Loan [Member] | Performing | Current    
Financing Receivable, Modifications    
Year One 4,126 6,034
Year Two 4,333 5,875
Year Three 3,925 2,600
Year Four 1,527 1,217
Year Five 597 416
Prior 271 239
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 14,779 16,381
Consumer | Automobile Loan [Member] | Performing | 30-89 days past due    
Financing Receivable, Modifications    
Year One 22 34
Year Two 49 42
Year Three 40 28
Year Four 19 22
Year Five 12 11
Prior 8 5
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 150 142
Consumer | Automobile Loan [Member] | Performing | 90 days or more past due    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 0 0
Consumer | Automobile Loan [Member] | Nonperforming    
Financing Receivable, Modifications    
Year One 4 4
Year Two 11 6
Year Three 9 7
Year Four 6 6
Year Five 3 4
Prior 3 2
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 36 29
Consumer | Credit card    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving Loans 1,865 1,874
Revolving Loans Converted to Term Loans 0 0
Total 1,865 1,874
Consumer | Credit card | Performing    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving Loans 1,831 1,847
Revolving Loans Converted to Term Loans 0 0
Total 1,831 1,847
Consumer | Credit card | Performing | Current    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving Loans 1,789 1,808
Revolving Loans Converted to Term Loans 0 0
Total 1,789 1,808
Consumer | Credit card | Performing | 30-89 days past due    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving Loans 21 21
Revolving Loans Converted to Term Loans 0 0
Total 21 21
Consumer | Credit card | Performing | 90 days or more past due    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving Loans 21 18
Revolving Loans Converted to Term Loans 0 0
Total 21 18
Consumer | Credit card | Nonperforming    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving Loans 34 27
Revolving Loans Converted to Term Loans 0 0
Total 34 27
Consumer | Other consumer loans:    
Financing Receivable, Modifications    
Year One 2,974 2,720
Year Two 1,952 547
Year Three 335 358
Year Four 249 171
Year Five 104 114
Prior 198 149
Revolving Loans 861 913
Revolving Loans Converted to Term Loans 43 26
Total 6,716 4,998
Consumer | Other consumer loans: | Performing    
Financing Receivable, Modifications    
Year One 2,943 2,718
Year Two 1,916 546
Year Three 334 358
Year Four 248 171
Year Five 103 114
Prior 197 148
Revolving Loans 861 912
Revolving Loans Converted to Term Loans 42 26
Total 6,644 4,993
Consumer | Other consumer loans: | Performing | Current    
Financing Receivable, Modifications    
Year One 2,926 2,704
Year Two 1,895 540
Year Three 330 355
Year Four 246 169
Year Five 101 112
Prior 195 146
Revolving Loans 859 908
Revolving Loans Converted to Term Loans 41 26
Total 6,593 4,960
Consumer | Other consumer loans: | Performing | 30-89 days past due    
Financing Receivable, Modifications    
Year One 17 14
Year Two 21 6
Year Three 4 3
Year Four 2 2
Year Five 2 2
Prior 2 2
Revolving Loans 2 3
Revolving Loans Converted to Term Loans 1 0
Total 51 32
Consumer | Other consumer loans: | Performing | 90 days or more past due    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving Loans 0 1
Revolving Loans Converted to Term Loans 0 0
Total 0 1
Consumer | Other consumer loans: | Nonperforming    
Financing Receivable, Modifications    
Year One 31 2
Year Two 36 1
Year Three 1 0
Year Four 1 0
Year Five 1 0
Prior 1 1
Revolving Loans 0 1
Revolving Loans Converted to Term Loans 1 0
Total 72 5
Residential Mortgage and Consumer    
Financing Receivable, Modifications    
Year One 8,205 12,037
Year Two 9,535 11,920
Year Three 9,325 5,989
Year Four 4,521 2,487
Year Five 1,676 916
Prior 4,669 4,960
Revolving Loans 6,350 6,614
Revolving Loans Converted to Term Loans 91 45
Total 44,372 44,968
Residential Mortgage and Consumer | Performing    
Financing Receivable, Modifications    
Year One 8,170 12,031
Year Two 9,482 11,910
Year Three 9,309 5,978
Year Four 4,509 2,477
Year Five 1,668 905
Prior 4,558 4,845
Revolving Loans 6,266 6,528
Revolving Loans Converted to Term Loans 89 44
Total 44,051 44,718
Residential Mortgage and Consumer | Performing | Current    
Financing Receivable, Modifications    
Year One 8,131 11,979
Year Two 9,408 11,858
Year Three 9,258 5,943
Year Four 4,482 2,452
Year Five 1,652 889
Prior 4,529 4,815
Revolving Loans 6,197 6,457
Revolving Loans Converted to Term Loans 87 44
Total 43,744 44,437
Residential Mortgage and Consumer | Performing | 30-89 days past due    
Financing Receivable, Modifications    
Year One 39 52
Year Two 73 52
Year Three 50 34
Year Four 26 25
Year Five 15 15
Prior 26 24
Revolving Loans 48 52
Revolving Loans Converted to Term Loans 2 0
Total 279 254
Residential Mortgage and Consumer | Performing | 90 days or more past due    
Financing Receivable, Modifications    
Year One 0 0
Year Two 1 0
Year Three 1 1
Year Four 1 0
Year Five 1 1
Prior 3 6
Revolving Loans 21 19
Revolving Loans Converted to Term Loans 0 0
Total 28 27
Residential Mortgage and Consumer | Nonperforming    
Financing Receivable, Modifications    
Year One 35 6
Year Two 53 10
Year Three 16 11
Year Four 12 10
Year Five 8 11
Prior 111 115
Revolving Loans 84 86
Revolving Loans Converted to Term Loans 2 1
Total $ 321 $ 250
[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] Includes $116 and $123 of residential mortgage loans measured at fair value at December 31, 2023 and 2022, respectively.