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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks [1] $ 2,514 $ 2,392
Available-for-sale and other securities [2] 31,820 31,183
Held-to-maturity securities [3] 24 26
Trading securities 862 410
Other short-term investments [1] 2,753 2,754
Loans held for sale [4] 492 751
Portfolio loans and leases [1],[5] 91,970 92,098
ALLL [1] (1,196) (1,253)
Portfolio loans and leases, net 90,774 90,845
Bank premises and equipment [6] 2,003 2,065
Operating lease equipment 646 738
Goodwill 2,445 2,416
Intangible assets 27 9
Servicing rights [7] 858 744
Other assets [1] 6,975 7,844
Total Assets 142,193 142,177
Deposits    
Noninterest-bearing deposits 35,276 35,782
Interest-bearing deposits 67,886 68,039
Total deposits 103,162 103,821
Federal funds purchased 174 132
Other short-term borrowings 4,012 3,535
Accrued taxes, interest and expenses 1,412 1,800
Other liabilities [1] 2,144 2,269
Long-term debt [1] 14,904 14,388
Total liabilities 125,808 125,945
Equity    
Common stock [8] 2,051 2,051
Preferred stock [9] 1,331 1,331
Capital surplus 2,790 2,756
Retained earnings 15,122 13,441
Accumulated other comprehensive income 73 59
Treasury stock [8] (5,002) (3,433)
Total Bancorp Shareholders' Equity 16,365 16,205
Noncontrolling interests 20 27
Total Equity 16,385 16,232
Total Liabilities and Equity $ 142,193 $ 142,177
[1]

Includes $ 0 and $ 85 of cash and due from banks, $ 62 and $ 0 of other short-term investments, $ 1,297 and $ 1,216 of portfolio loans and leases, $ (6) and $ (26) of ALLL, $ 7 and $ 9 of other assets, $ 2 and $ 3 of other liabilities and $ 1,190 and $ 1,094 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2017 and 2016 , respectively. For further information, refer to Note 11 .

[2]

Amortized cost of $ 31,644 and $ 31,024 at December 31, 2017 and 2016 , respectively.

[3]

Fair value of $ 24 and $ 26 at December 31, 2017 and 2016 , respectively.

[4]

Includes $ 399 and $ 686 of residential mortgage loans held for sale measured at fair value at December 31, 2017 and 2016 , respectively.

[5]

Includes $ 137 and $ 143 of residential mortgage loans measured at fair value at December 31, 2017 and 2016 , respecti vely.

[6]

Includes $ 27 and $ 39 of bank premises and equipment held for sale at December 31, 2017 and 2016 , respectively. For further information refer to N ote 7 .

[7]
  • 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 December 31, 2017 and were measured under the amortization method at December 31, 2016. For further information refer to Note 12 .
[8]

Common shares: Stated value $ 2.22 per share; authorized 2,000,000,000 ; outstanding at December 31, 2017 693,804,893 (excludes 230,087,688 treasury shares) , 2016 750,479,299 (excludes 173,413,282 treasury shares).

[9]

446,000 shares of undesignated no par value preferred stock are authorized and unissued at December 31, 2017 and 2016 ; fixed-to-floating rate non-cumulative Series H perpetual preferred stock with a $ 25,000 liquidation preference: 24,000 authorized shares, issued and outstanding at December 31, 2017 and 2016 ; fixed-to-floating rate non-cumulative Series I perpetual preferred stock with a $ 25,000 liquidation preference: 18,000 authorized shares, issued and outstanding at December 31, 2017 and 2016 ; and fixed-to-floating rate non-cumulative Series J perpetual preferred stock with a $ 25,000 liquidation preference: 12,000 authorized shares, issue d and outstanding at December 31, 2017 and 2016 .