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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Other short-term investments [1] $ 22,840 $ 22,082
Portfolio loans and leases 116,485 117,234
Allowance for loan and lease losses [1] (2,318) (2,322)
Other assets [1] 12,930 12,538
Other liabilities [1] 5,379 4,861
Long-term debt [1] 15,444 16,380
Available-for-sale debt and other securities, amortized cost 43,400 55,789
Debt securities, fair value 11,341 2
Bank premises and equipment held for sale $ 16 $ 19
Common stock, par value (in dollars per share) $ 2.22 $ 2.22
Common stock, shares authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, outstanding (in shares) 683,812,363 681,124,810
Treasury stock, common (in shares) 240,080,218 242,767,771
Preferred stock, authorized (in shares) 500,000 500,000
Preferred stock, unissued (in shares) 422,000 422,000
Preferred stock, liquidation preference per share (in dollars per share) $ 25,000 $ 25,000
Preferred Class B    
Preferred stock, authorized (in shares) 500,000 500,000
Preferred stock, unissued (in shares) 300,000 300,000
Preferred stock, liquidation preference per share (in dollars per share) $ 1,000 $ 1,000
Residential Mortgage    
Allowance for loan and lease losses $ (140) $ (145)
Loans held for sale 307 334
Loans measured at FV 113 116
Variable Interest Entity, Primary Beneficiary | Automobile And Solar Loan    
Other short-term investments 48 55
Portfolio loans and leases 1,420 1,573
Allowance for loan and lease losses (26) (28)
Other assets 29 10
Other liabilities 25 14
Long-term debt $ 1,274 $ 1,409
[1] Includes $48 and $55 of other short-term investments, $1,420 and $1,573 of portfolio loans and leases, $(26) and $(28) of ALLL, $29 and $10 of other assets, $25 and $14 of other liabilities and $1,274 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2024 and December 31, 2023, respectively. For further information, refer to Note 11.