XML 164 R141.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segments (Results of Operations and Average Assets by Segment) (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Segment Reporting Information          
Net interest income $ 939 $ 902 [1],[2] $ 1,872 $ 1,805 [3]  
Provision for (benefit from) loan and lease losses 52 91 [1],[2] 126 210 [3],[4]  
Net interest income after provision for loan and lease losses 887 811 [1],[2] 1,746 1,595 [3]  
Total noninterest income 564 599 [1],[2] 1,087 1,235 [3]  
Total noninterest expense 957 983 [1],[2] 1,943 1,968 [3]  
Income (Loss) Before Income Taxes 494 427 [1],[2] 890 862 [3]  
Applicable income tax expense (benefit) 127 103 [1],[2] 218 212 [3]  
Net income (loss) 367 324 [1],[2],[5] 672 650 [3],[4],[5]  
Less: Net income attributable to noncontrolling interests 0 (4) [1],[2] 0 (4) [3]  
Net income (loss) attributable to Bancorp 367 328 [1],[2],[6] 672 654 [3]  
Dividends on preferred stock 23 23 [1],[2],[6] 38 38 [3]  
Net income (loss) available to common shareholders 344 305 [1],[7] 634 616 [3],[6]  
Total goodwill 2,423 [1] 2,416 [1],[3] 2,423 [1] 2,416 [1],[3] $ 2,416
Total Assets 141,067 [1] 143,625 [1],[3] 141,067 [1] 143,625 [1],[3] $ 142,177
Intersegment Elimination          
Segment Reporting Information          
Total noninterest income [8] (33) (34) (67) (67)  
Total noninterest expense (33) (34) (67) (67)  
Commercial Banking          
Segment Reporting Information          
Net interest income 415 460 839 911  
Provision for (benefit from) loan and lease losses 22 72 29 137  
Net interest income after provision for loan and lease losses 393 388 810 774  
Total noninterest income 228 236 [9] 429 [10] 457 [11]  
Total noninterest expense 345 355 714 716  
Income (Loss) Before Income Taxes 276 269 525 515  
Applicable income tax expense (benefit) 49 43 88 77  
Net income (loss) 227 226 437 438  
Less: Net income attributable to noncontrolling interests 0 0 0 0  
Net income (loss) attributable to Bancorp 227 226 437 438  
Dividends on preferred stock 0 0 0 0  
Net income (loss) available to common shareholders 227 226 437 438  
Total goodwill 613 613 613 613  
Total Assets 57,766 60,042 57,766 60,042  
Branch Banking          
Segment Reporting Information          
Net interest income 437 433 867 859  
Provision for (benefit from) loan and lease losses 39 35 80 69  
Net interest income after provision for loan and lease losses 398 398 787 790  
Total noninterest income 189 [12] 214 [13] 374 [14] 401 [15]  
Total noninterest expense 399 409 801 820  
Income (Loss) Before Income Taxes 188 203 360 371  
Applicable income tax expense (benefit) 66 71 127 131  
Net income (loss) 122 132 233 240  
Less: Net income attributable to noncontrolling interests 0 0 0 0  
Net income (loss) attributable to Bancorp 122 132 233 240  
Dividends on preferred stock 0 0 0 0  
Net income (loss) available to common shareholders 122 132 233 240  
Total goodwill 1,655 1,655 1,655 1,655  
Total Assets 57,378 54,220 57,378 54,220  
Consumer Lending          
Segment Reporting Information          
Net interest income 59 62 120 122  
Provision for (benefit from) loan and lease losses 7 9 22 21  
Net interest income after provision for loan and lease losses 52 53 98 101  
Total noninterest income 62 80 116 164  
Total noninterest expense 123 122 241 240  
Income (Loss) Before Income Taxes (9) 11 (27) 25  
Applicable income tax expense (benefit) (3) 4 (10) 9  
Net income (loss) (6) 7 (17) 16  
Less: Net income attributable to noncontrolling interests 0 0 0 0  
Net income (loss) attributable to Bancorp (6) 7 (17) 16  
Dividends on preferred stock 0 0 0 0  
Net income (loss) available to common shareholders (6) 7 (17) 16  
Total goodwill 0 0 0 0  
Total Assets 22,442 22,598 22,442 22,598  
Wealth and Asset Management          
Segment Reporting Information          
Net interest income 37 44 75 87  
Provision for (benefit from) loan and lease losses (1) 1 3 1  
Net interest income after provision for loan and lease losses 38 43 72 86  
Total noninterest income 101 100 209 202  
Total noninterest expense 110 108 224 215  
Income (Loss) Before Income Taxes 29 35 57 73  
Applicable income tax expense (benefit) 10 12 20 25  
Net income (loss) 19 23 37 48  
Less: Net income attributable to noncontrolling interests 0 0 0 0  
Net income (loss) attributable to Bancorp 19 23 37 48  
Dividends on preferred stock 0 0 0 0  
Net income (loss) available to common shareholders 19 23 37 48  
Total goodwill 155 148 155 148  
Total Assets 8,241 8,399 8,241 8,399  
General Corporate and Other          
Segment Reporting Information          
Net interest income (9) (97) [1] (29) (174) [3]  
Provision for (benefit from) loan and lease losses (15) (26) [1] (8) (18) [3]  
Net interest income after provision for loan and lease losses 6 (71) [1] (21) (156) [3]  
Total noninterest income 17 3 [1] 26 78 [3]  
Total noninterest expense 13 23 [1] 30 44 [3]  
Income (Loss) Before Income Taxes 10 (91) [1] (25) (122) [3]  
Applicable income tax expense (benefit) 5 (27) [1] (7) (30) [3]  
Net income (loss) 5 (64) [1] (18) (92) [3]  
Less: Net income attributable to noncontrolling interests 0 (4) [1] 0 (4) [3]  
Net income (loss) attributable to Bancorp 5 (60) [1] (18) (88) [3]  
Dividends on preferred stock 23 23 [1] 38 38 [3]  
Net income (loss) available to common shareholders (18) (83) [1] (56) (126) [3]  
Total goodwill 0 0 [1],[3] 0 0 [1],[3]  
Total Assets $ (4,760) [16] $ (1,634) [1],[3],[9] $ (4,760) [16] $ (1,634) [1],[3],[9]  
[1]

A net tax deficiency of $ 5 was reclassified from capital surplus to applicable income tax expense for the three months ended June 30, 2016, related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effe ctive date of January 1, 2016.

[2]

Net tax deficiencies of $ 5 and $6 were reclassified from capital surplus to applicable income tax expense and average common shares out standing – diluted were adjusted for t he three and six months ended June 30, 2016, respectively, related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016.

[3]

Net tax deficiencies of $ 6 were reclassified from capital surplus to applicable income tax expense for the six months ended June 30, 2016 related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective d ate of January 1, 2016

[4]

Net tax deficiencies of $ 6 were reclassified from capital surplus to applicable income tax expense for the six months ended June 30, 2016, related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016.

[5]

Net tax deficiencies of $5 and $6 were reclassified from capital surplus to applicable income tax expense for the three and six months ended June 30, 2016, respectively, related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an ef fective date of January 1, 2016.

[6]

Net tax deficiencies of $6 were reclassified from capital surplus to applicable income tax expense and average common shares outstanding - diluted were adjusted for the six months ended June 30, 2016 related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016 .

[7]

A net tax deficiency of $5 was reclassified from capital surplus to applicable income tax expense and average common shares outstanding - diluted were adjusted for the three months ended June 30, 2016 related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016

[8]

Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income.

[9]

Includes impairment charges of $ 5 for operating lease equipment. For more information refer to Note 8 and Note 21 .

[10]

Includes impairment charges of $ 31 for operating lease equipment. For more information refer to Note 8 and Note 21.

[11]

Includes impairment charges of $ 5 for operating lease equipment. For more information refer to Note 8 and Note 21.

[12]

Includes impairment charges of $ 2 for branches and land. For more information refer to Note 7 and Note 21.

[13]

Includes impairment charges of $ 1 for branches and land. For more information refer to Note 7 and Note 21.

[14]

Includes impairment charges of $ 5 for branches and land. For more information refer to Note 7 and Note 21.

[15]

Includes impairment charge s of $ 3 for branches and land. For more information refer to Note 7 and Note 21.

[16]

Includes bank premises and equipment of $ 4 1 classified as hel d for sale. For more information refer to Note 7