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Fair Value Measurements (Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs) (Level 3) (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation        
Beginning Balance $ 902 $ 412 $ 804 $ 380
Included in earnings (53) 28 (94) 133
Purchases/originations 32 (1) 206 (2)
Settlements (25) (42) (67) (120)
Transfers Into Level 3 [1] 4 3 11 9
Ending Balance 860 400 860 400
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held [2] (68) 19 (157) 40
Residential Mortgage        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation        
Beginning Balance 142 154 143 167
Included in earnings 0 0 2 3
Purchases/originations 0 0 0 0
Settlements (6) (8) (16) (30)
Transfers Into Level 3 [1] 4 3 11 9
Ending Balance 140 149 140 149
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held [2] 0 0 2 3
Mortgage servicing rights        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation        
Beginning Balance 849   744  
Included in earnings (34)   (104)  
Purchases/originations 33   (208)  
Settlements 0   0  
Transfers Into Level 3 0 [1]   0  
Ending Balance 848   848  
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held (34) [2]   104  
Interest Rate Contract        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation        
Beginning Balance 9 [3] 30 [4],[5] 8 [3] 12 [4],[5]
Included in earnings 28 [3] 42 [4],[5] 77 [3] 127 [4]
Purchases/originations (1) [3] (1) [4],[5] (2) [3] (2) [4]
Settlements (28) [3] (42) [4],[5] (75) [3] (108) [4]
Transfers Into Level 3 [1] 0 [3] 0 [4],[5] 0 [3] 0 [4]
Ending Balance 8 [3] 29 [4],[5] 8 [3] 29 [4],[5]
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held [2] 13 [3] 33 [4],[5] 14 [3] 34 [4]
Equity Contract        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation        
Beginning Balance (98) 228 [4],[5] (91) 201 [4],[5]
Included in earnings (47) (14) [4],[5] (69) 3 [4]
Purchases/originations 0 0 [4],[5] 0 0 [4]
Settlements 9 8 [4],[5] 24 18 [4]
Transfers Into Level 3 [1] 0 0 [4],[5] 0 0 [4]
Ending Balance (136) 222 [4],[5] (136) 222 [4],[5]
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held [2] $ (47) $ (14) [4],[5] $ (69) $ 3 [4]
[1]

Includes certain residential mortgage loans originated as held for sale that were transferred to held for invest ment.

[2]
  • Includes interest income and expense .
  • Effective January 1, 2017, the Bancorp has elected the fair value measurement method for all existing classes of its residential mortgage servicing rights. The servic ing r ights were measured at fair value at September 30 , 2017 and were measured under the amortization method at December 31, 2016 .
[3]
  • Net interest rate derivatives include derivative assets and liabilities of $ 13 and $ 5 , respectively , as of September 30, 2017 .
[4]

Net interest rate derivatives include derivative assets and liabilities of $33 and $4 , respectively, as of September 30, 2016 . Net equity derivatives include derivativ e assets and liabilities of $325 and $103 , respectively, as of September 30, 2016 .

[5]

Net interest rate derivatives include derivative assets and liabilities of $ 33 and $ 4 , respectively, as of September 30, 2016 . Net equity derivatives include derivative assets and liabilities of $ 325 and $ 103 , respectively, as of September 30, 2016 .