Guarantees and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Contract or Notional Amounts of Unfunded Commitments to Extend Credit

The contract or notional amounts of unfunded commitments to extend credit at December 31, 2016, excluding those commitments considered derivatives, were as follows:

	Term
(Dollars in Millions)	Less Than One Year		Greater Than One Year		Total
Commercial and commercial real estate loans	$	26,471	$	98,452	$	124,923
Corporate and purchasing card loans(a)		25,085		–		25,085
Residential mortgages		379		12		391
Retail credit card loans(a)		101,258		–		101,258
Other retail loans		13,254		22,552		35,806
Covered loans		–		320		320
Other		5,558		18		5,576

(a) Primarily cancelable at the Company’s discretion.

Future Minimum Payments Under Capital Leases and Noncancelable Operating Leases

Future minimum payments, net of sublease rentals, under capitalized leases and noncancelable operating leases with initial or remaining terms of one year or more, consisted of the following at December 31, 2016:

(Dollars in Millions)	Capitalized Leases		Operating Leases
2017	$	17	$	270
2018		16		243
2019		14		207
2020		13		166
2021		10		140
Thereafter		41		490
Total minimum lease payments		111	$	1,516
Less amount representing interest		39
Present value of net minimum lease payments	$	72

Summary of Other Guarantees and Contingent Liabilities

The following table is a summary of other guarantees and contingent liabilities of the Company at December 31, 2016:

(Dollars in Millions)	Collateral Held		Carrying Amount		Maximum Potential Future Payments
Standby letters of credit	$	–	$	61	$	11,917
Third party borrowing arrangements		–		–		8
Securities lending indemnifications		3,164		–		3,083
Asset sales		–		138		6,211
Merchant processing		483		48		91,040
Tender option bond program guarantee		1,129		–		1,114
Minimum revenue guarantees		–		–		9
Other		–		–		1,287

Contract or Notional Amount of Letters of Credit

The contract or notional amount of letters of credit at December 31, 2016, were as follows:

	Term
(Dollars in Millions)	Less Than One Year		Greater Than One Year		Total
Standby	$	5,552	$	6,365	$	11,917
Commercial		328		18		346