XML 92 R76.htm IDEA: XBRL DOCUMENT v3.22.4
Loans and Allowance for Credit Losses - Activity in Allowance for Credit Losses by Portfolio Class (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Financing Receivable, Allowance for Credit Losses [Line Items]      
Balance at beginning of period $ 6,155 $ 8,010 $ 4,491
Allowance for acquired credit losses [1] 336    
Change in accounting principle [2]     1,499
Provision for credit losses 1,977 [3] (1,173) 3,806
Loans charged-off 1,500 [4] 1,208 2,180
Less recoveries of loans charged-off (437) (526) (394)
Net loan charge-offs (recoveries) 1,063 682 1,786
Other changes (1)    
Balance at end of period 7,404 6,155 8,010
Commercial [Member]      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Balance at beginning of period 1,849 2,423 1,484
Allowance for acquired credit losses [1] 163    
Change in accounting principle [2]     378
Provision for credit losses 378 [3] (471) 1,074
Loans charged-off 319 [4] 222 575
Less recoveries of loans charged-off (92) (119) (62)
Net loan charge-offs (recoveries) 227 103 513
Balance at end of period 2,163 1,849 2,423
Commercial Real Estate [Member]      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Balance at beginning of period 1,123 1,544 799
Allowance for acquired credit losses [1] 87    
Change in accounting principle [2]     (122)
Provision for credit losses 152 [3] (419) 1,054
Loans charged-off 54 [4] 29 210
Less recoveries of loans charged-off (17) (27) (23)
Net loan charge-offs (recoveries) 37 2 187
Balance at end of period 1,325 1,123 1,544
Residential Mortgages [Member]      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Balance at beginning of period 565 573 433
Allowance for acquired credit losses [1] 36    
Change in accounting principle [2]     (30)
Provision for credit losses 302 [3] (40) 158
Loans charged-off 13 [4] 18 19
Less recoveries of loans charged-off (36) (50) (31)
Net loan charge-offs (recoveries) (23) (32) (12)
Balance at end of period 926 565 573
Other Retail [Member]      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Balance at beginning of period 945 1,115 647
Allowance for acquired credit losses [1] 5    
Change in accounting principle [2]     401
Provision for credit losses 319 [3] (73) 336
Loans charged-off 418 [4] 253 401
Less recoveries of loans charged-off (120) (156) (132)
Net loan charge-offs (recoveries) 298 97 269
Other changes (1)    
Balance at end of period 970 945 1,115
Credit Card [Member]      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Balance at beginning of period 1,673 2,355 1,128
Allowance for acquired credit losses [1] 45    
Change in accounting principle [2]     872
Provision for credit losses 826 [3] (170) 1,184
Loans charged-off 696 [4] 686 975
Less recoveries of loans charged-off (172) (174) (146)
Net loan charge-offs (recoveries) 524 512 829
Balance at end of period $ 2,020 $ 1,673 $ 2,355
[1] Represents allowance for purchased credit deteriorated and charged-off loans acquired from MUB.
[2] Effective January 1, 2020, the Company adopted accounting guidance which changed impairment recognition of financial instruments to a model that is based on expected losses rather than incurred losses. Upon adoption, the Company increased its allowance for credit losses and reduced retained earnings net of deferred taxes through a cumulative-effect adjustment.
[3] Includes $662 million of provision for credit losses related to the acquisition of MUB.
[4] Includes $179 million of total charge-offs primarily on loans previously charged-off by MUB, which were written up upon acquisition to unpaid principal balance as required by purchase accounting.