XML 150 R131.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Detail) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Assets:    
Available-for-sale securities, fair value [1] $ 31,480 $ 31,183
Trading securities 850 410
Commercial loans held for sale measured at FV 651 686
Commercial    
Assets:    
Commercial loans held for sale measured at FV 5 0
Residential mortgage loans    
Assets:    
Loans measured at FV 140 143
Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 30,869 [2] 30,576 [3]
Trading securities 850 410
Residential mortgage loans held for sale 651 686
Loans measured at FV [4] 140 143
Commercial loans held for sale measured at FV 5  
Mortgage servicing rights [5] 848  
Derivative assets [6] 735 1,057
Total assets 34,098 32,872
Liabilities:    
Derivative liabilities [7] 499 666
Short positions [7] 28 21
Total liabilities 527 687
Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 529 748
Liabilities:    
Derivative liabilities 157 265
Foreign Exchange Contract | Fair value, recurring    
Assets:    
Derivative assets 130 202
Liabilities:    
Derivative liabilities 130 204
Equity Contract | Fair value, recurring    
Liabilities:    
Derivative liabilities 136 91
Commodity Contract | Fair value, recurring    
Assets:    
Derivative assets 76 107
Liabilities:    
Derivative liabilities 76 106
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 21 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 35 39
Agency mortgage-backed securities | Residential mortgage backed securities    
Assets:    
Available-for-sale securities, fair value 15,933 [8] 15,608 [9]
Agency mortgage-backed securities | Residential mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 15,933 15,608
Trading securities 402 8
Agency mortgage-backed securities | Commercial mortgage backed securities    
Assets:    
Available-for-sale securities, fair value 9,232 9,055
Agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 9,232 9,055
Non-agency mortgage-backed securities | Commercial mortgage backed securities    
Assets:    
Available-for-sale securities, fair value 3,358 3,112
Non-agency mortgage-backed securities | Commercial mortgage backed securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 3,358 3,112
Asset-backed securities and other debt securities    
Assets:    
Available-for-sale securities, fair value 2,143 2,116
Asset-backed securities and other debt securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 2,143 2,116
Trading securities 52 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 89 [2] 91 [3]
Trading securities 340 325
Fair Value, Inputs, Level 1 | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 157 [2],[12] 561 [3],[13]
Trading securities 341 [12] 325 [13]
Derivative assets [6] 25 [12] 42 [13]
Total assets 523 [12] 928 [13]
Liabilities:    
Derivative liabilities [7] 10 [12] 30 [13]
Short positions [7] 20 [12] 17 [13]
Total liabilities 30 [12] 47 [13]
Fair Value, Inputs, Level 1 | Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 2 [12] 20 [13]
Liabilities:    
Derivative liabilities 2 [12] 3 [13]
Fair Value, Inputs, Level 1 | Commodity Contract | Fair value, recurring    
Assets:    
Derivative assets 23 [12] 22 [13]
Liabilities:    
Derivative liabilities 8 [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]
Trading securities [12] 1  
Fair Value, Inputs, Level 1 | Equity securities | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 88 [2],[12] 90 [3],[13]
Trading securities 340 [12] 325 [13]
Fair Value, Inputs, Level 2 | Fair value, recurring    
Assets:    
Available-for-sale securities, fair value 30,712 [2],[12] 30,015 [3],[13]
Trading securities 509 [12] 85 [13]
Residential mortgage loans held for sale 651 [12] 686 [13]
Commercial loans held for sale measured at FV [12] 5  
Derivative assets [6] 697 [12] 1,002 [13]
Total assets 32,574 [12] 31,788 [13]
Liabilities:    
Derivative liabilities [7] 348 [12] 540 [13]
Short positions [7] 8 [12] 4 [13]
Total liabilities 356 [12] 544 [13]
Fair Value, Inputs, Level 2 | Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 514 [12] 715 [13]
Liabilities:    
Derivative liabilities 150 [12] 257 [13]
Fair Value, Inputs, Level 2 | Foreign Exchange Contract | Fair value, recurring    
Assets:    
Derivative assets 130 [12] 202 [13]
Liabilities:    
Derivative liabilities 130 [12] 204 [13]
Fair Value, Inputs, Level 2 | Commodity Contract | Fair value, recurring    
Assets:    
Derivative assets 53 [12] 85 [13]
Liabilities:    
Derivative liabilities 68 [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 35 [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 15,933 [12] 15,608 [13]
Trading securities 402 [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 9,232 [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 3,358 [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 2,143 [12] 2,116 [13]
Trading securities 52 [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:    
Loans measured at FV [4] 140 143
Mortgage servicing rights [5] 848  
Derivative assets [6] 13 13
Total assets 1,001 156
Liabilities:    
Derivative liabilities [7] 141 96
Total liabilities 141 96
Fair Value, Inputs, Level 3 | Interest Rate Contract | Fair value, recurring    
Assets:    
Derivative assets 13 13
Liabilities:    
Derivative liabilities 5 5
Fair Value, Inputs, Level 3 | Equity Contract | Fair value, recurring    
Liabilities:    
Derivative liabilities $ 136 $ 91
[1]

Amortized cost of $ 31,114 and $ 31,024 at September 30, 2017 and December 31, 2016 , respectively.

[2]
  • Excludes FHLB, FRB and DTCC restricted stock holdings totaling $ 248 , $ 361 and $ 2 , respectively, at September 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 September 30, 2017 and were measured 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 Consolidated Balance Sheets.

[8]

Includes interest-only mortgage-backed securities of $ 36 as of September 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 , $ 361 and $ 2 , respectively, at September 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 nine months ended September 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.