Retirement and Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

Defined Benefit Retirement Plans with an Underfunded Status

The following table summarizes the defined benefit retirement plans as of and for the years ended December 31:
Plans with an Underfunded Status
($ in millions)		2012	2011
Fair value of plan assets at January 1	$	181	197
Actual return on assets		21	-
Contributions		4	4
Settlement		(10)	(10)
Benefits paid		(11)	(10)
Fair value of plan assets at December 31	$	185	181
Projected benefit obligation at January 1	$	253	227
Service cost		-	-
Interest cost		10	11
Settlement		(10)	(10)
Actuarial loss		14	35
Benefits paid		(11)	(10)
Projected benefit obligation at December 31	$	256	253
Unfunded projected benefit obligation at December 31	$	(71)	(72)

Net Periodic Benefit Cost and Other Changes In Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income

The following table summarizes net periodic benefit cost and other changes in plan assets and benefit obligations recognized in other comprehensive income for the years ended December 31:
($ in millions)			2012	2011	2010
Components of net periodic benefit cost:
	Service cost	$	0	0	0
	Interest cost		10	11	12
	Expected return on assets		(13)	(15)	(14)
	Amortization of net actuarial loss		14	11	12
	Amortization of net prior service cost		0	1	1
	Settlement		6	6	0
Net periodic benefit cost		$	17	14	11
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
	Net actuarial loss		7	50	2
	Net prior service cost		0	0	0
	Amortization of net actuarial loss		(14)	(11)	(12)
	Amortization of prior service cost		0	(1)	(1)
	Settlement		(6)	(6)	0
Total recognized in other comprehensive income			(13)	32	(11)
Total recognized in net periodic benefit cost and
	other comprehensive income	$	4	46	0

Plan Assets Measured at Fair Value on a Recurring Basis

The following table summarizes plan assets measured at fair value on a recurring basis as of December 31:
		Fair Value Measurements Using(a)
2012 ($ in millions)			Level 1	Level 2	Level 3		Total Fair Value
Equity securities:
	Equity securities (Growth)(b)	$	50	0	0	$	50
	Equity securities (Value)		52	0	0		52
	Equity securities (Blended)		4	0	0		4
Total equity securities			106	0	0		106
Mutual and exchange traded funds:
	Money market funds		4	0	0		4
	International funds		29	0	0		29
	Commodity funds		9	0	0		9
Total mutual and exchange traded funds			42	0	0		42
Debt securities:
	U.S. Treasury obligations		13	0	0		13
	Agency mortgage backed		0	21	0		21
	Non-agency mortgage backed		0	2	0		2
	Corporate bonds(c)		0	1	0		1
Total debt securities			13	24	0		37
Total plan assets		$	161	24	0	$	185
		Fair Value Measurements Using(a)
2011 ($ in millions)			Level 1	Level 2	Level 3		Total Fair Value
Equity Securities:
	Equity securities (Growth)(b)	$	53	0	0	$	53
	Equity securities (Value)		52	0	0		52
Total equity securities			105	0	0		105
Mutual and exchange traded funds:
	Money market funds		5	0	0		5
	International funds		25	0	0		25
	Commodity funds		9	0	0		9
Total mutual and exchange traded funds			39	0	0		39
Debt securities:
	U.S. Treasury obligations		10	0	0		10
	Agency mortgage backed		0	25	0		25
	Non-agency mortgage backed		0	1	0		1
	Corporate bonds(c)		0	1	0		1
Total debt securities			10	27	0		37
Total plan assets		$	154	27	0	$	181

• For further information on fair value hierarchy levels, see Note 1.
• Includes holdings in Bancorp common stock.
• Includes private label asset backed securities.

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

Amounts relating to the Bancorp’s defined benefit plans with benefit obligations exceeding assets were as follows at December 31:
($ in millions)		2012	2011
Projected benefit obligation	$	256	253
Accumulated benefit obligation		256	253
Fair value of plan assets		185	181