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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 2,681 $ 2,514 [1]
Other short-term investments [2] 1,825 2,753
Available-for-sale debt and other securities [3] 32,830 31,751
Held-to-maturity securities [4] 18 24
Trading debt securities 287 492
Equity securities 452 439
Loans and leases held for sale [5] 607 492
Portfolio loans and leases [2],[6] 95,265 91,970
ALLL [2] (1,103) (1,196)
Portfolio loans and leases, net 94,162 90,774
Bank premises and equipment [7] 1,861 2,003
Operating lease equipment 518 646
Goodwill 2,478 2,445
Intangible assets 40 27
Servicing rights 938 858
Other assets [2] 7,372 [1] 6,863
Total Assets 146,069 142,081
Deposits    
Noninterest-bearing deposits 32,116 35,276
Interest-bearing deposits 76,719 67,886
Total deposits 108,835 103,162
Federal funds purchased 1,925 174
Other short-term borrowings 573 4,012
Accrued taxes, interest and expenses 1,562 [1] 1,465
Other liabilities [2] 2,498 2,144
Long-term debt [2] 14,426 14,904
Total liabilities 129,819 125,861
Equity    
Common stock [8] 2,051 2,051
Preferred stock [9] 1,331 1,331
Capital surplus 2,873 2,790
Retained earnings [1] 16,578 14,957
Accumulated other comprehensive (loss) income (112) 73
Treasury stock [8] (6,471) (5,002)
Total Bancorp Shareholders' Equity 16,250 16,200
Noncontrolling interests 0 20
Total Equity 16,250 16,220
Total Liabilities and Equity $ 146,069 $ 142,081
[1]

Effective in the fourth quarter of 2018, Fifth Third retrospectively applied a change in its accounting policy for investments in affordable housing projects that qualify for LIHTC in accordance with ASU 2014-01. Refer to Note 1 for additional information.

[2]

Includes $ 40 and $ 62 of other short-term investments, $ 668 and $ 1,297 of portfolio loans and leases, $ (4) and $ (6) of ALLL, $ 5 and $ 7 of other assets, $ 1 and $ 2 of other liabilities and $ 606 and $ 1,190 of long-term debt from consolidated VIEs that are included in their respec tive captions above at December 31, 2018 and 2017 , respectively. For further information, refer to Note 10 .

[3]

Amortized cost of $ 33,128 and $ 31,577 at December 31, 2018 and 2017 , respectively.

[4]

Fair value of $ 18 and $ 24 at December 31, 2018 and 2017 , respectively .

[5]

Includes $ 537 and $ 399 of residential mortgage loans held for sale measured at fair value and $7 and $0 of commercial loans held for sale measured at fair value at December 31, 2018 and 2017 , respectively.

[6]

Includes $ 179 and $ 137 of residential mortgage loans measured at fair value at December 31, 2018 and 2017 , respectively.

[7]
  • Includes $ 42 and $ 27 of bank premises and equipment held for sale at December 31, 2018 and 2017 , respectively. For further information refer to N ote 7 .
[8]

Common shares: Stated value $ 2.22 per share; authorized 2,000,000,000 ; outstanding at December 31, 2018 646,630,857 (excludes 277,261,724 treasury shares) , 2017 693,804,893 (excludes 230,087,688 treasury shares).

[9]

446,000 shares of undesignated no par value preferred stock are authorized and unissued at December 31, 2018 and 2017 ; 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, 2018 and 2017 ; fixed-to-floating rate non-cumulative Series I perpetual preferred stock with a $ 25,000 liquidation preference: 18,000 authorized shares, issued and outstandi ng at December 31, 2018 and 2017 ; 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, 2018 and 2017 .