XML 119 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets    
Cash and due from banks $ 2,663 [1] $ 2,159 [1]
Available-for-sale and other securities 15,362 [2] 15,414 [2]
Held-to-maturity securities 322 [3] 353 [3]
Trading securities 177 294
Other short-term investments 1,781 1,515
Loans held for sale 2,954 [4] 2,216 [4]
Portfolio loans and leases:    
Commercial and industrial loans 30,783 27,191
Commercial mortgage loans 10,138 [1] 10,845 [1]
Commercial construction loans 1,020 2,048
Commercial leases 3,531 3,378
Residential mortgage loans 10,672 [5] 8,956 [5]
Home equity 10,719 [1] 11,513 [1]
Automobile loans 11,827 [1] 10,983 [1]
Credit card 1,978 1,896
Other consumer loans and leases 350 681
Portfolio loans and leases 81,018 77,491
Allowance for loan and lease losses (2,255) [1] (3,004) [1]
Portfolio loans and leases, net 78,763 74,487
Bank premises and equipment 2,447 2,389
Operating lease equipment 497 479
Goodwill 2,417 2,417
Intangible assets 40 62
Servicing rights 681 822
Other assets 8,863 [1] 8,400 [1]
Total Assets 116,967 111,007
Deposits:    
Demand 27,600 21,413
Interest checking 20,392 18,560
Savings 21,756 20,903
Money market 4,989 5,035
Other time 4,638 7,728
Certificates - $100,000 and over 3,039 4,287
Foreign office and other 3,296 3,722
Total deposits 85,710 81,648
Federal funds purchased 346 279
Other short-term borrowings 3,239 1,574
Accrued taxes, interest and expenses 1,469 889
Other liabilities 3,270 [1] 2,979 [1]
Long-term debt 9,682 [1] 9,558 [1]
Total liabilities 103,716 96,927
Equity    
Common stock 2,051 [6] 1,779 [6]
Preferred stock 398 [7] 3,654 [7]
Capital surplus 2,792 [8] 1,715 [8]
Retained earnings 7,554 6,719
Accumulated other comprehensive income 470 314
Treasury stock (64) (130)
Bancorp Shareholders' Equity 13,201 14,051
Noncontrolling interest 50 29
Total Equity $ 13,251 $ 14,080
[1] At December 31, 2011 and 2010, includes $30 and $52 of cash, $7 of other short-term investments, $50 and $29 of commercial mortgage loans, $223 and $241 of home equity loans, $259 and $648 of automobile loans, ($10) and ($14) of ALLL, $4 and $7 of other assets, $4 and $12 of other liabilities, $191 and $692 of long-term debt from consolidated VIEs that are included in their respective captions. See Note 11.
[2] Amortized cost of $14,614 and $14,919 at December 31, 2011 and 2010 respectively.
[3] Fair value of $322 and $353 at December 31, 2011 and 2010, respectively.
[4] Includes $2,751 and $1,892 of residential mortgage loans held for sale measured at fair value at December 31, 2011, and 2010, respectively.
[5] Includes $65 and $46 of residential mortgage loans measured at fair value at December 31, 2011 and 2010, respectively.
[6] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at December 31, 2011 – 919,804,436 (excludes 4,088,145 treasury shares) and December 31, 2010 – 796,272,522 (excludes 5,231,666 treasury shares).
[7] 317,680 shares of undesignated no par value preferred stock are authorized of which none had been issued; 5.0% cumulative Series F perpetual preferred stock with a $25,000 liquidation preference: 136,320 issued and outstanding at December 31, 2010, which were redeemed on February 2, 2011; 8.5% non-cumulative Series G convertible (into 2,159.8272 common shares) perpetual preferred stock with a $25,000 liquidation preference: 46,000 authorized, 16,450 issued and outstanding at December 31, 2011, 16,451 issued and outstanding at December 31, 2010.
[8] Includes a ten-year warrant initially valued at $239 to purchase up to 43,617,747 shares of common stock, no par value, related to Series F preferred stock, at an initial exercise price of $11.72 per share at December 31, 2010, which was repurchased for $280 on March 16, 2011.