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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Mar. 31, 2011
Assets      
Cash and due from banks $ 2,235 [1] $ 2,663 [1] $ 2,121 [1]
Available-for-sale and other securities 16,093 [2] 15,362 [2] 15,135 [2]
Held-to-maturity securities 321 [3] 322 [3] 346 [3]
Trading securities 195 177 216
Other short-term investments 1,628 [1] 1,781 [1] 2,481 [1]
Loans held for sale 1,584 [4] 2,954 [4] 1,291 [4]
Portfolio loans and leases:      
Commercial and industrial loans 32,155 30,783 27,344
Commercial mortgage loans 9,909 [1] 10,138 [1] 10,510 [1]
Commercial construction loans 901 1,020 1,980
Commercial leases 3,512 3,531 3,367
Residential mortgage loans 11,094 [5] 10,672 [5] 9,530 [5]
Home equity 10,493 [1] 10,719 [1] 11,222 [1]
Automobile loans 11,832 [1] 11,827 [1] 11,129 [1]
Credit card 1,896 1,978 1,821
Other consumer loans and leases 321 350 562
Portfolio loans and leases 82,113 81,018 77,465
Allowance for loan and lease losses (2,126) [1] (2,255) [1] (2,805) [1]
Portfolio loans and leases, net 79,987 78,763 74,660
Bank premises and equipment 2,485 2,447 2,389
Operating lease equipment 495 497 513
Goodwill 2,417 2,417 2,417
Intangible assets 36 40 55
Servicing rights 767 681 894
Other assets 8,504 [1] 8,863 [1] 7,967 [1]
Total Assets 116,747 116,967 110,485
Deposits:      
Demand 26,385 27,600 22,066
Interest checking 23,971 20,392 18,597
Savings 22,245 21,756 21,697
Money market 4,275 4,989 5,184
Other time 4,446 4,638 7,043
Certificates - $100,000 and over 3,162 3,039 4,160
Foreign office and other 1,307 3,296 3,570
Total deposits 85,791 85,710 82,317
Federal funds purchased 319 346 332
Other short-term borrowings 2,877 3,239 1,297
Accrued taxes, interest and expenses 1,436 1,469 844
Other liabilities 3,066 [1] 3,270 [1] 2,948 [1]
Long-term debt 9,648 [1] 9,682 [1] 10,555 [1]
Total liabilities 103,137 103,716 98,293
Equity      
Common stock 2,051 [6] 2,051 [6] 2,051 [6]
Preferred stock 398 [7] 398 [7] 398 [7]
Capital surplus 2,803 2,792 2,824
Retained earnings 7,902 7,554 6,752
Accumulated other comprehensive income 468 470 263
Treasury stock (62) (64) (125)
Bancorp Shareholders' Equity 13,560 13,201 12,163
Noncontrolling interest 50 50 29
Total Equity 13,610 13,251 12,192
Total Liabilities and Bancorp Shareholders' Equity $ 116,747 $ 116,967 $ 110,485
[1] Includes $19, $30 and $54 of cash, $4, $7 and $7of other short-term investments, $50, $50 and $29 of commercial mortgage loans, $217, $223 and $236 of home equity loans, $105, $259 and $529 of automobile loans, ($7), ($10) and ($12) of ALLL, $3, $4 and $5 of other assets, $3, $4 and $10 of other liabilities, $125, $191and $492 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2012, December 31, 2011 and March 31, 2011, respectively. See Note 8.
[2] Amortized cost of $15,341, $14,614 and $14,707 at March 31, 2012, December 31, 2011 and March 31, 2011, respectively.
[3] Fair value of $321, $322 and $346 at March 31, 2012, December 31, 2011 and March 31, 2011, respectively.
[4] Includes $1,429, $2,751 and $1,017 of residential mortgage loans held for sale measured at fair value at March 31, 2012, December 31, 2011and March 31, 2011, respectively.
[5] Includes $67, $65 and $54 of residential mortgage loans measured at fair value at March 31, 2012, December 31, 2011 and March 31, 2011, respectively.
[6] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at March 31, 2012 – 920,056,340 (excludes 3,836,240 treasury shares), December 31, 2011 – 919,804,436 (excludes 4,088,145 treasury shares) and March 31, 2011 – 918,728,008 (excludes 5,164,573 treasury shares).
[7] 317,680 shares of undesignated no par value preferred stock are authorized of which none had been issued; 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 March 31, 2012, December 31, 2011, and March 31, 2011.