Guarantees and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017, 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	$	28,903	$	100,648	$	129,551
Corporate and purchasing card loans(a)		26,002		–		26,002
Residential mortgages		216		3		219
Retail credit card loans(a)		106,285		–		106,285
Other retail loans		13,707		23,600		37,307
Covered loans		–		126		126
Other		5,672		–		5,672

(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, 2017:

(Dollars in Millions)	Capitalized Leases		Operating Leases
2018	$	17	$	277
2019		16		250
2020		14		210
2021		11		185
2022		9		159
Thereafter		35		563
Total minimum lease payments		102	$	1,644
Less amount representing interest		34
Present value of net minimum lease payments		68

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, 2017:

(Dollars in Millions)	Collateral Held		Carrying Amount		Maximum Potential Future Payments
Standby letters of credit	$	–	$	52	$	10,857
Third party borrowing arrangements		–		–		7
Securities lending indemnifications		2,912		–		2,828
Asset sales		–		125		6,683
Merchant processing		481		50		95,780
Tender option bond program guarantee		2,507		–		2,337
Minimum revenue guarantees		–		–		7
Other		–		17		1,290

Contract or Notional Amount of Letters of Credit

The contract or notional amount of letters of credit at December 31, 2017, were as follows:

	Term
(Dollars in Millions)	Less Than One Year		Greater Than One Year		Total
Standby	$	4,891	$	5,966	$	10,857
Commercial		398		24		422