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Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Detail) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Assets:    
Available-for-sale securities, fair value [1] $ 31,823 $ 31,183
Trading securities 842 410
Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 31,213 [2] 30,576 [3]
Trading securities 842 410
Residential mortgage loans held for sale 674 686
Residential mortgage loans measured at FV [4] 142 143
Mortgage servicing rights [5] 849  
Derivative assets [6] 780 1,057
Total assets 34,500 32,872
Liabilities:    
Derivative liabilities [7] 491 666
Short positions [7] 22 21
Total liabilities 513 687
Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 572 748
Liabilities:    
Derivative liabilities 169 265
Foreign Exchange Contract | Fair value, recurring    
Assets:    
Derivative assets 118 202
Liabilities:    
Derivative liabilities 133 204
Equity Contract | Fair value, recurring    
Liabilities:    
Derivative liabilities 98 91
Commodity Contract | Fair value, recurring    
Assets:    
Derivative assets 90 107
Liabilities:    
Derivative liabilities 91 106
U.S. Treasury and federal agencies    
Assets:    
Available-for-sale securities, fair value 69 549
U.S. Treasury and federal agencies | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 69 549
Trading securities 20 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 27 39
Agency mortgage-backed securities | Residential mortgage backed securities    
Assets:    
Available-for-sale securities, fair value 16,177 [8] 15,608 [9]
Agency mortgage-backed securities | Residential mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 16,177 15,608
Trading securities 413 8
Agency mortgage-backed securities | Commercial mortgage backed securities    
Assets:    
Available-for-sale securities, fair value 9,262 9,055
Agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 9,262 9,055
Non-agency mortgage-backed securities | Commercial mortgage backed securities    
Assets:    
Available-for-sale securities, fair value 3,364 3,112
Non-agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 3,364 3,112
Asset-backed securities and other debt securities    
Assets:    
Available-for-sale securities, fair value 2,206 2,116
Asset-backed securities and other debt securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 2,206 2,116
Trading securities 30 15
Equity securities    
Assets:    
Available-for-sale securities, fair value 700 [10] 698 [11]
Equity securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 90 [2] 91 [3]
Trading securities 352 325
Fair Value, Inputs, Level 1 | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 158 [2],[12] 561 [3],[13]
Trading securities 352 [12] 325 [13]
Derivative assets [6] 42 [12] 42 [13]
Total assets 552 [12] 928 [13]
Liabilities:    
Derivative liabilities [7] 10 [12] 30 [13]
Short positions [7] 17 [12] 17 [13]
Total liabilities 27 [12] 47 [13]
Fair Value, Inputs, Level 1 | Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 3 [12] 20 [13]
Liabilities:    
Derivative liabilities 3 [12] 3 [13]
Fair Value, Inputs, Level 1 | Commodity Contract | Fair value, recurring    
Assets:    
Derivative assets 39 [12] 22 [13]
Liabilities:    
Derivative liabilities 7 [12] 27 [13]
Fair Value, Inputs, Level 1 | U.S. Treasury and federal agencies | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 69 [12] 471 [13]
Fair Value, Inputs, Level 1 | Equity securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 89 [2],[12] 90 [3],[13]
Trading securities 352 [12] 325 [13]
Fair Value, Inputs, Level 2 | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 31,055 [2],[12] 30,015 [3],[13]
Trading securities 490 [12] 85 [13]
Residential mortgage loans held for sale 674 [12] 686 [13]
Derivative assets [6] 724 [12] 1,002 [13]
Total assets 32,943 [12] 31,788 [13]
Liabilities:    
Derivative liabilities [7] 378 [12] 540 [13]
Short positions [7] 5 [12] 4 [13]
Total liabilities 383 [12] 544 [13]
Fair Value, Inputs, Level 2 | Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 555 [12] 715 [13]
Liabilities:    
Derivative liabilities 161 [12] 257 [13]
Fair Value, Inputs, Level 2 | Foreign Exchange Contract | Fair value, recurring    
Assets:    
Derivative assets 118 [12] 202 [13]
Liabilities:    
Derivative liabilities 133 [12] 204 [13]
Fair Value, Inputs, Level 2 | Commodity Contract | Fair value, recurring    
Assets:    
Derivative assets 51 [12] 85 [13]
Liabilities:    
Derivative liabilities 84 [12] 79 [13]
Fair Value, Inputs, Level 2 | U.S. Treasury and federal agencies | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 0 [12] 78 [13]
Trading securities 20 [12] 23 [13]
Fair Value, Inputs, Level 2 | Obligations of states and political subdivisions | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 45 [12] 45 [13]
Trading securities 27 [12] 39 [13]
Fair Value, Inputs, Level 2 | Agency mortgage-backed securities | Residential mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 16,177 [12] 15,608 [13]
Trading securities 413 [12] 8 [13]
Fair Value, Inputs, Level 2 | Agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 9,262 [12] 9,055 [13]
Fair Value, Inputs, Level 2 | Non-agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 3,364 [12] 3,112 [13]
Fair Value, Inputs, Level 2 | Asset-backed securities and other debt securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 2,206 [12] 2,116 [13]
Trading securities 30 [12] 15 [13]
Fair Value, Inputs, Level 2 | Equity securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 1 [2],[12] 1 [3],[13]
Fair Value, Inputs, Level 3 | Fair value, recurring    
Assets:    
Residential mortgage loans measured at FV [4] 142 143
Mortgage servicing rights [5] 849  
Derivative assets [6] 14 13
Total assets 1,005 156
Liabilities:    
Derivative liabilities [7] 103 96
Total liabilities 103 96
Fair Value, Inputs, Level 3 | Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 14 13
Liabilities:    
Derivative liabilities 5 5
Fair Value, Inputs, Level 3 | Equity Contract | Fair value, recurring    
Liabilities:    
Derivative liabilities $ 98 $ 91
[1]

Amortized cost of $ 31,492 and $ 31,024 at June 30, 2017 and December 31, 2016 , respectively.

[2]
  • Excludes FHLB, FRB and DTCC restricted stock holdings totaling $ 248 , $ 360 and $ 2 , respectively, at June 30, 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]

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 June 30, 2017 and were measur ed under the amortization method at December 31, 2016.

[6]

Included in other assets in the Condensed Consolidated Balance Sheets.

[7]

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

[8]

Includes interest-only mortgage-backed securities of $ 39 as of June 30, 2017 , recorded at fair value with fair value changes recorded in securities gains, net, in the Condensed Consolidated Statements of Income.

[9]

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.

[10]

Equity securities consist of FHLB, FRB and DTCC restricted stock holdings of $ 248 , $ 360 and $ 2 , respectively, at June 30, 2017 , that are carried at cost, and certain mutual fund and equity security holdings.

[11]

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

[12]

During both the three and six months ended June 30, 2017 , no assets or liabilities were transferred between Level 1 and Level 2.

[13]

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