XML 210 R64.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Common, Preferred and Treasury Stock (Tables)
12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Share Activity Within Common, Preferred and Treasury Stock
The table presents a summary of the share activity within common, preferred and treasury stock for the years ended:
   
 
Common Stock
   
        Preferred Stock        
   
        Treasury Stock        
 
                   
($ in millions, except share data)
 
Value
   
Shares
   
Value
   
Shares
   
Value
   
Shares
 
   
December 31, 2016
  $
2,051
     
923,892,581
    $
1,331
     
54,000
    $
(3,433)
     
173,413,282
 
Shares acquired for treasury
   
-  
     
-  
     
-  
     
-  
     
(1,588)
     
58,493,506
 
Impact of stock transactions under stock compensation plans, net
   
-  
     
-  
     
-  
     
-  
     
16
     
(1,693,503)
 
Other
   
-  
     
-  
     
-  
     
-  
     
3
     
(125,597)
 
   
December 31, 2017
  $
2,051
     
923,892,581
    $
1,331
     
54,000
    $
(5,002)
     
230,087,688
 
   
Shares acquired for treasury
   
-  
     
-  
     
-  
     
-  
     
(1,494)
     
49,967,134
 
Impact of stock transactions under stock compensation plans, net
   
-  
     
-  
     
-  
     
-  
     
23
     
(2,698,451)
 
Other
   
-  
     
-  
     
-  
     
-  
     
2
     
(94,647)
 
   
December 31, 2018
  $
2,051
     
923,892,581
    $
1,331
     
54,000
    $
(6,471)
     
277,261,724
 
   
Shares acquired for treasury
 
 
-  
 
 
 
-  
 
 
 
-  
 
 
 
-  
 
 
 
(1,763)
 
 
 
64,601,891
 
Issuance of preferred shares, Series K
 
 
-  
 
 
 
-  
 
 
 
242
 
 
 
10,000
 
 
 
-  
 
 
 
-  
 
Conversion of outstanding preferred stock issued by a Bancorp subsidiary
 
 
-  
 
 
 
-  
 
 
 
197
 
 
 
200,000
 
 
 
-  
 
 
 
-  
 
Impact of MB Financial, Inc. acquisition
 
 
-  
 
 
 
-  
 
 
 
-  
 
 
 
-  
 
 
 
2,447
 
 
 
(122,848,442)
 
Impact of stock transactions under stock compensation plans, net
 
 
-  
 
 
 
-  
 
 
 
-  
 
 
 
-  
 
 
 
56
 
 
 
(4,258,132)
 
Other
 
 
-  
 
 
 
-  
 
 
 
-  
 
 
 
-  
 
 
 
7
 
 
 
219,911
 
   
December 31, 2019
 
$
2,051
 
 
 
923,892,581
 
 
$
1,770
 
 
 
264,000
 
 
$
(5,724)
 
 
 
214,976,952
 
   
Summary of the Bancorp's Accelerated Share Repurchase Transactions
The following table presents a summary of the Bancorp’s accelerated share repurchase transactions that were entered into or settled during the years ended December 31, 2019 and 2018:
   
 
   
Shares Repurchased on
   
Shares Received from
   
Total Shares
   
 
Repurchase Date
 
Amount ($ in millions)    
   
Repurchase Date
   
Forward Contract 
   
Repurchased
   
Settlement Date
 
   
December 19, 2017
   
273
     
7,727,273
     
824,367
     
8,551,640
     
March 19, 2018
 
February 12, 2018
   
318
     
8,691,318
     
1,015,731
     
9,707,049
     
March 26, 2018
 
May 25, 2018
   
235
     
6,402,244
     
1,172,122
     
7,574,366
     
June 15, 2018
 
March 27, 2019
(a)
   
913
     
31,779,280
     
2,026,584
     
33,805,864
     
June 28, 2019
 
April 29, 2019
(b)
   
200
     
6,015,570
     
1,217,805
     
7,233,375
     
May 23, 2019
 -
 May 24, 2019
 
August 7, 2019
   
100
     
3,150,482
     
694,238
     
3,844,720
     
August 16, 2019
 
August 9, 2019
(b)
   
200
     
6,405,426
     
1,475,487
     
7,880,913
     
August 28, 2019
 
October 25, 2019
   
300
     
9,020,163
     
1,149,121
     
10,169,284
     
December 17, 2019
 
   
(a)
This accelerated share repurchase transaction consisted of two supplemental confirmations each with a notional amount of $456.5 million.
(b)
This accelerated share repurchase transaction consisted of two supplemental confirmations each with a notional amount of $100 million.