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Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Detail) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Assets:    
Available-for-sale securities, fair value [1] $ 31,531 $ 31,183
Trading securities 689 410
Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 30,923 [2] 30,576 [3]
Trading securities 689 410
Residential mortgage loans held for sale 606 686
Residential mortgage loans measured at FV [4] 141 [5] 143
Mortgage servicing rights [6] 776  
Derivative assets [7] 846 1,057
Total assets 33,981 32,872
Liabilities:    
Derivative liabilities [8] 489 666
Short positions [8] 27 21
Total liabilities 516 687
Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 641 748
Liabilities:    
Derivative liabilities 189 265
Foreign Exchange Contract | Fair value, recurring    
Assets:    
Derivative assets 126 202
Liabilities:    
Derivative liabilities 123 204
Equity Contract | Fair value, recurring    
Assets:    
Derivative assets 0 0
Liabilities:    
Derivative liabilities 97 91
Commodity Contract | Fair value, recurring    
Assets:    
Derivative assets 79 107
Liabilities:    
Derivative liabilities 80 106
U.S. Treasury and federal agencies    
Assets:    
Available-for-sale securities, fair value 437 549
U.S. Treasury and federal agencies | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 437 549
Trading securities 18 23
Obligations of states and political subdivisions    
Assets:    
Available-for-sale securities, fair value 45 45
Obligations of states and political subdivisions | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 45 45
Trading securities 21 39
Agency mortgage-backed securities | Residential mortgage backed securities    
Assets:    
Available-for-sale securities, fair value 16,245 [9] 15,608 [10]
Agency mortgage-backed securities | Residential mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 16,245 15,608
Trading securities 265 8
Agency mortgage-backed securities | Commercial mortgage backed securities    
Assets:    
Available-for-sale securities, fair value 8,672 9,055
Agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 8,672 9,055
Non-agency mortgage-backed securities | Commercial mortgage backed securities    
Assets:    
Available-for-sale securities, fair value 3,299 3,112
Non-agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 3,299 3,112
Asset-backed securities and other debt securities    
Assets:    
Available-for-sale securities, fair value 2,134 2,116
Asset-backed securities and other debt securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 2,134 2,116
Trading securities 24 15
Equity securities    
Assets:    
Available-for-sale securities, fair value 699 [11] 698 [12]
Equity securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 91 [2] 91 [3]
Trading securities 361 325
Fair Value, Inputs, Level 1 | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 527 [2],[13] 561 [3],[14]
Trading securities 361 [13] 325 [14]
Derivative assets [7] 24 [13] 42 [14]
Total assets 912 [13] 928 [14]
Liabilities:    
Derivative liabilities [8] 13 [13] 30 [14]
Short positions [8] 21 [13] 17 [14]
Total liabilities 34 [13] 47 [14]
Fair Value, Inputs, Level 1 | Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 1 [13] 20 [14]
Liabilities:    
Derivative liabilities 5 [13] 3 [14]
Fair Value, Inputs, Level 1 | Commodity Contract | Fair value, recurring    
Assets:    
Derivative assets 23 [13] 22 [14]
Liabilities:    
Derivative liabilities 8 [13] 27 [14]
Fair Value, Inputs, Level 1 | U.S. Treasury and federal agencies | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 437 [13] 471 [14]
Fair Value, Inputs, Level 1 | Equity securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 90 [2],[13] 90 [3],[14]
Trading securities 361 [13] 325 [14]
Fair Value, Inputs, Level 2 | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 30,396 [2],[13] 30,015 [3],[14]
Trading securities 328 [13] 85 [14]
Residential mortgage loans held for sale 606 [13] 686 [14]
Derivative assets [7] 806 [13] 1,002 [14]
Total assets 32,136 [13] 31,788 [14]
Liabilities:    
Derivative liabilities [8] 374 [13] 540 [14]
Short positions [8] 6 [13] 4 [14]
Total liabilities 380 [13] 544 [14]
Fair Value, Inputs, Level 2 | Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 624 [13] 715 [14]
Liabilities:    
Derivative liabilities 179 [13] 257 [14]
Fair Value, Inputs, Level 2 | Foreign Exchange Contract | Fair value, recurring    
Assets:    
Derivative assets 126 [13] 202 [14]
Liabilities:    
Derivative liabilities 123 [13] 204 [14]
Fair Value, Inputs, Level 2 | Commodity Contract | Fair value, recurring    
Assets:    
Derivative assets 56 [13] 85 [14]
Liabilities:    
Derivative liabilities 72 [13] 79 [14]
Fair Value, Inputs, Level 2 | U.S. Treasury and federal agencies | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 0 [13] 78 [14]
Trading securities 18 [13] 23 [14]
Fair Value, Inputs, Level 2 | Obligations of states and political subdivisions | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 45 [13] 45 [14]
Trading securities 21 [13] 39 [14]
Fair Value, Inputs, Level 2 | Agency mortgage-backed securities | Residential mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 16,245 [13] 15,608 [14]
Trading securities 265 [13] 8 [14]
Fair Value, Inputs, Level 2 | Agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 8,672 [13] 9,055 [14]
Fair Value, Inputs, Level 2 | Non-agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 3,299 [13] 3,112 [14]
Fair Value, Inputs, Level 2 | Asset-backed securities and other debt securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 2,134 [13] 2,116 [14]
Trading securities 24 [13] 15 [14]
Fair Value, Inputs, Level 2 | Equity securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 1 [2],[13] 1 [3],[14]
Fair Value, Inputs, Level 3 | Fair value, recurring    
Assets:    
Residential mortgage loans measured at FV [4] 141 [5] 143
Mortgage servicing rights [6] 776  
Derivative assets [7] 16 13
Total assets 933 156
Liabilities:    
Derivative liabilities [8] 102 96
Total liabilities 102 96
Fair Value, Inputs, Level 3 | Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 16 13
Liabilities:    
Derivative liabilities 5 5
Fair Value, Inputs, Level 3 | Equity Contract | Fair value, recurring    
Assets:    
Derivative assets 0 0
Liabilities:    
Derivative liabilities $ 97 $ 91
[1]

Amortized cost of $ 31,348 and $ 31,024 at March 31, 2017 and December 31, 2016 , respectively.

[2]
  • Excludes FHLB, FRB and DTCC restricted stock holdings totaling $ 248 , $ 359 and $ 1 , respectively, at March 31, 2017 .
[3]

Excludes FHLB, FRB and DTCC restricted stock holdings totaling $248, $358 and $1 , respectively, at December 31, 2016 .

[4]
  • Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.
[5]
  • Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.
[6]

Effective January 1, 2017, the Bancorp has elected the fair value measurement method for all existing classes of its residential mortgage servicing rights. The servicing rights were measured at fair value at March 31, 2017 and were measu red under the amortization method at December 31, 2016.

[7]

Included in other assets in the Condensed Consolidated Balance Sheets.

[8]

Included in other liabilities in the Condensed Consolidat ed Balance Sheets.

[9]

Includes interest-only mortgage- backed securities of $ 42 as of March 31, 2017 , recorded at fair value with fair value changes re corded in securities gains, net , in the Condensed Consolidated Statement s of Income.

[10]

Includes interest-only mortgage-backed securities of $ 60 as of December 31, 2016 , recorded at fair value with fair value changes recorded in securities gains, net, in the Condensed Consolidated Statements of Income.

[11]

Equity securities consist of FHLB, FRB and DTCC restricted stock holdings of $ 248 , $ 359 and $ 1 , respectively , at March 31, 2017 , that are carried at cost, and certain mutual fund and equity security holdings.

[12]

Equity securities consist of FHLB, FRB and DTCC restricted stock holdings of $ 248 , $ 358 , and $ 1 , respectively, at December 31, 2016 , that are carried at cost, and certain mutual fund and equity security holdings

[13]

During the three months ended March 31, 2017 , no assets or liabilities were transferred between Level 1 and Level 2.

[14]
  • During the year ended December 31, 2016 , no assets or liabilities were transferred between Level 1 and Level 2.