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CONDENSED CONSOLIDATED BALANCE SHEETS Unaudited - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks [1] $ 2,298 $ 2,540
Available-for-sale and other securities [2] 29,891 29,044
Held-to-matury securities [3] 64 70
Trading securities 405 386
Other short-term investments 1,778 2,671
Loans held for sale [4] 803 903
Portfolio loans and leases [1],[5] 93,605 92,582
ALLL [1] (1,295) (1,272)
Portfolio loans and leases, net 92,310 91,310
Bank premises and equipment [6] 2,185 2,239
Operating lease equipment 738 707
Goodwill 2,416 2,416
Intangible assets 11 12
Servicing rights 685 785
Other assets [1],[7] 8,846 7,965
Total Assets [7] 142,430 141,048
Deposits    
Noninterest-bearing deposits 35,858 36,267
Interest-bearing deposits 66,617 66,938
Total deposits [8] 102,475 103,205
Federal funds purchased 134 151
Other short-term borrowings 3,523 1,507
Accrued taxes, interest and expenses 2,011 2,164
Other liabilities [1] 2,627 2,341
Long-term debt [1],[7] 15,305 15,810
Total liabilities [7] 126,075 125,178
Equity    
Common stock [9] 2,051 2,051
Preferred stock [10] 1,331 1,331
Capital surplus 2,686 2,666
Retained earnings 12,570 12,358
Accumulated other comprehensive income 684 197
Treasury stock [9] (2,999) (2,764)
Total Bancorp Shareholders' Equity 16,323 15,839
Noncontrolling interests 32 31
Total Equity 16,355 15,870
Total Liabilities and Equity [7] $ 142,430 $ 141,048
[1] Includes $147 and $152 of cash and due from banks, $2,178 and $2,537 of portfolio loans and leases, $(27) and $(28) of ALLL, $11 and $14 of other assets, $4 and $3 of other liabilities, and $2,102 and $2,487 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2016 and December 31, 2015, respectively. For further information refer to Note 9.
[2] Amortized cost of $28,838 and $28,678 at March 31, 2016 and December 31, 2015, respectively.
[3] Fair value of $64 and $70 at March 31, 2016 and December 31, 2015, respectively.
[4] Includes $600 and $519 of residential mortgage loans held for sale measured at fair value at March 31, 2016 and December 31, 2015, respectively.
[5] Includes $160 and $167 of residential mortgage loans measured at fair value at March 31, 2016 and December 31, 2015, respectively.
[6] Includes $68 and $81 of bank premises and equipment held for sale at March 31, 2016 and December 31, 2015, respectively. Refer to Note 7.
[7] Upon adoption of ASU 2015-03 on January 1, 2016, the December 31, 2015 Condensed Consolidated Balance Sheets were adjusted to reflect the reclassification of $34 million of debt issuance costs from other assets to long-term debt. For further information refer to Note 3.
[8] Includes $331 and $628 of deposits held for sale at March 31, 2016 and December 31, 2015, respectively. For further information refer to Note 7.
[9] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at March 31, 2016 – 770,470,768 (excludes 153,421,813 treasury shares), December 31, 2015 – 785,080,314 (excludes 138,812,267 treasury shares).
[10] 446,000 shares of undesignated no par value preferred stock are authorized and unissued at March 31, 2016 and December 31, 2015; fixed-to-floating rate non-cumulative Series H perpetual preferred stock with a $25,000 liquidation preference: 24,000 authorized shares, issued and outstanding at March 31, 2016 and December 31, 2015; fixed-to-floating rate non-cumulative Series I perpetual preferred stock with a $25,000 liquidation preference; 18,000 authorized shares, issued and outstanding at March 31, 2016 and December 31, 2015; and fixed-to-floating rate non-cumulative Series J perpetual preferred stock with a $25,000 liquidation preference: 12,000 authorized shares, issued and outstanding at March 31, 2016 and December 31, 2015.