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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2011
Employee Benefit Plans [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
 
Year Ended December 31
 
2011
 
2010
 
2009
Dividend yield
0.75
%
 
0.17
%
 
4.16
%
Expected stock price volatility
34.87

 
56.09

 
83.17

Risk-free interest rate (weighted average)
2.48

 
2.80

 
1.94

Expected life of options
6 years    

 
6 years    

 
6 years    
Summary of Stock Option and Restricted Stock Activity
 
 
Stock Options
 
Restricted Stock
 
Restricted Stock Units
(Dollars in millions, except per share data)
 
Shares
 
Price
Range
 
Weighted
Average
Exercise
Price
 
Shares
 
Deferred
Compensation
Grant Price
 
Weighted
Average
Grant
Price
 
Shares
 
Price
Range
 
Weighted
Average
Grant
Price
Balance, January 1, 2009
 
15,641,872

 
$17.06-$150.45

 

$65.29

 
3,803,412

 

$113

 

$64.61

 
—

 

$—

 

$—

Granted
 
3,803,796

 
9.06

 
9.06

 
2,565,648

 
28

 
10.40

 
66,420

 
26.96

 
26.96

Exercised/vested
 
—

 
—

 
—

 
(1,255,092
)
 
—

 
64.79

 
—

 
—

 
—

Cancelled/expired/forfeited
 
(1,784,452
)
 
9.06 - 149.81

 
65.39

 
(343,796
)
 
(16
)
 
46.59

 
—

 
—

 
—

Amortization of restricted stock compensation
 
—

 
—

 
—

 
—

 
(66
)
 
—

 
—

 
—

 
—

Balance, December 31, 2009
 
17,661,216

 
9.06 - 150.45

 
53.17

 
4,770,172

 
59

 
37.02

 
66,420

 
26.96

 
26.96

Granted
 
1,192,974

 
22.69 - 27.79

 
23.64

 
1,355,075

 
33

 
24.01

 
—

 
—

 
—

Exercised/vested
 
—

 
—

 
—

 
(1,266,267
)
 
—

 
67.27

 
—

 
—

 
—

Cancelled/expired/forfeited
 
(1,711,690
)
 
9.06 - 140.14

 
52.62

 
(238,171
)
 
(7
)
 
29.22

 
(1,230
)
 
26.96

 
26.96

Amortization of restricted stock compensation
 
—

 
—

 
—

 
—

 
(42
)
 
—

 
—

 
—

 
—

Balance, December 31, 2010
 
17,142,500

 
9.06 - 150.45

 
51.17

 
4,620,809

 
43

 
25.32

 
65,190

 
26.96

 
26.96

Granted
 
813,265

 
19.98 - 32.27

 
29.70

 
1,400,305

 
44

 
31.27

 
344,590

 
27.50 - 42.10

 
37.57

Exercised/vested
 
(20,000
)
 
9.06

 
9.06

 
(1,085,252
)
 
—

 
50.37

 
—

 
—

 
—

Cancelled/expired/forfeited
 
(2,066,348
)
 
9.06 - 140.40

 
63.40

 
(313,695
)
 
(7
)
 
22.07

 
(4,305
)
 
26.96

 
26.96

Amortization of restricted stock compensation
 
—

 
—

 
—

 
—

 
(32
)
 
—

 
—

 
—

 
—

Balance, December 31, 2011
 
15,869,417

 
$9.06-$150.45

 

$48.53

 
4,622,167

 

$48

 

$21.46

 
405,475

 
$26.96-$42.10

 

$35.98

Exercisable, December 31, 2011
 
10,294,719

 
 
 

$66.20

 
 
 
 
 
 
 
 
 
 
 
 
Available for Additional Grant, December 31, 20111
 
20,355,430

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Includes 13,759,670 shares available to be issued as restricted stock.
Stock Options by Ranges of Exercise Price
(Dollars in millions, except per share data)
 
 
 
 
 
 
 
 
 
 
 
 
  
 
Options Outstanding
 
Options Exercisable
Range of Exercise
Prices
 
Number
Outstanding
as of
December
31, 2011
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Total
Aggregate
Intrinsic
Value
 
Number
Exercisable
as of
December
31, 2011
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Total
Aggregate
Intrinsic
Value
$9.06 to 49.46
 
6,109,094

 

$17.47

 
6.98

 

$31

 
534,396

 

$33.95

 
1.54

 

$2

$49.47 to 64.57
 
2,559,551

 
54.73

 
1.10

 
—

 
2,559,551

 
54.73

 
1.10

 
—

$64.58 to 150.45
 
7,200,772

 
72.67

 
3.10

 
—

 
7,200,772

 
72.67

 
3.10

 
—

 
 
15,869,417

 

$48.53

 
4.27

 

$31

 
10,294,719

 

$66.20

 
2.52

 

$2
Stock-Based Compensation Expense Recognized in Noninterest Expense
 
 
Year Ended December 31
(Dollars in millions)
2011
 
2010
 
2009
Stock-based compensation expense:
 
 
 
 
 
Stock options

$15

 

$14

 

$12

Restricted stock
32

 
42

 
66

Restricted stock units
10

 
—

 
—

Total stock-based compensation expense

$57

 

$56

 

$78
Change in Benefit Obligations
 
 
Year Ended December 31
 
 
Pension Benefits
 
Other Postretirement
Benefits
(Dollars in millions)
 
2011
 
2010
 
2011
 
2010
Benefit obligation, beginning of year
 

$2,261

 

$2,008

 

$189

 

$179

Service cost
 
62

 
69

 
—

 
—

Interest cost
 
128

 
129

 
9

 
10

Plan participants’ contributions
 
—

 
—

 
22

 
20

Actuarial loss/(gain)
 
415

 
209

 
(17
)
 
7

Benefits paid
 
(109
)
 
(95
)
 
(33
)
 
(30
)
Less federal Medicare drug subsidy
 
—

 
—

 
3

 
3

Plan amendments
 
—

 
(59
)
 
—

 
—

Curtailments
 
(96
)
 
—

 
—

 
—

Benefit obligation, end of year
 

$2,661

 

$2,261

 

$173

 

$189
Weighted Average Assumptions Used to Determine Benefit Obligations
 
 
Pension Benefits
 
 
 
Other Post-
retirement Benefits
(Weighted average assumptions used to
determine benefit obligations, end of year)
 
2011
 
 
 
2010
 
 
 
2011
 
2010
Discount rate
 
4.63
%
 
 
 
5.67
%
 
 
 
4.10
%
 
5.10
%
Rate of compensation increase
 
N/A

 
 
 
4.00

 
1 
 
N/A

 
N/A  

1At year-end 2010, all salaries were expected to increase by 3% for 2011, 3.5% for 2012, and 4% for 2013 and beyond
Change in Plan Assets
 
 
Year Ended December 31
 
 
Pension Benefits
 
Other Postretirement Benefits
(Dollars in millions)
 
2011
 
2010
 
2011
 
2010
Fair value of plan assets, beginning of year
 

$2,522

 

$2,334

 

$165

 

$161

Actual return on plan assets
 
129

 
276

 
7

 
13

Employer contributions
 
8

 
7

 
—

 
1

Plan participants’ contributions
 
—

 
—

 
22

 
20

Benefits paid
 
(109
)
 
(95
)
 
(33
)
 
(30
)
Fair value of plan assets, end of year
 

$2,550

 

$2,522

 

$161

 

$165
Plan Assets Related to Pension Benefits by Level within the Fair Value Hierarchy
(Dollars in millions)
 
Assets Measured at
Fair Value as of
December 31,  2011
 
Fair Value Measurements as
of December 31, 2011 using 1
Quoted Prices In
Active Markets for
Identical Assets
(Level 1)
 
Significant  Other
Observable Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
Money market funds
 

$45

 

$45

 

$—

 

$—

Mutual funds:
 
 
 
 
 
 
 
 
International diversified funds
 
351

 
351

 
—

 
—

Large cap funds
 
426

 
426

 
—

 
—

Small and mid cap funds
 
214

 
214

 
—

 
—

Equity securities:
 
 
 
 
 
 
 
 
Consumer
 
107

 
107

 
—

 
—

Energy and utilities
 
48

 
48

 
—

 
—

Financials
 
21

 
21

 
—

 
—

Healthcare
 
58

 
58

 
—

 
—

Industrials
 
62

 
62

 
—

 
—

Information technology
 
136

 
136

 
—

 
—

Materials
 
17

 
17

 
—

 
—

Exchange traded funds
 
116

 
116

 
—

 
—

Fixed income securities:
 
 
 
 
 
 
 
 
U.S. Treasuries
 
435

 
435

 
—

 
—

Corporate - investment grade
 
398

 
—

 
398

 
—

Foreign bonds
 
103

 
—

 
103

 
—

 
 

$2,537

 

$2,036

 

$501

 

$—

1Schedule does not include accrued income amounting to less than 0.5% of total plan assets.

(Dollars in millions)
 
Assets Measured at Fair
Value as of
December 31, 2010
 
Fair Value Measurements as
of December 31, 2010 using 1
Quoted Prices In
Active Markets
for Identical Assets
(Level 1)
 
Significant  Other Observable Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
Money market funds
 

$36

 

$36

 

$—

 

$—

Mutual funds:
 
 
 
 
 
 
 
 
International diversified funds
 
376

 
376

 
—

 
—

Large cap funds
 
292

 
292

 
—

 
—

Small and mid cap funds
 
248

 
248

 
—

 
—

Equity securities:
 
 
 
 
 
 
 
 
Consumer
 
108

 
108

 
—

 
—

Energy and utilities
 
56

 
56

 
—

 
—

Financials
 
35

 
35

 
—

 
—

Healthcare
 
42

 
42

 
—

 
—

Industrials
 
69

 
69

 
—

 
—

Information technology
 
130

 
130

 
—

 
—

Materials
 
21

 
21

 
—

 
—

Exchange traded funds
 
128

 
128

 
—

 
—

Fixed income securities:
 
 
 
 
 
 
 
 
U.S. Treasuries
 
329

 
329

 
—

 
—

Corporate - investment grade
 
519

 
—

 
519

 
—

Foreign bonds
 
118

 
—

 
118

 
—

 
 

$2,507

 

$1,870

 

$637

 

$—

1Schedule does not include accrued income amounting to less than 0.6% of total plan assets.
Summary of Changes in the Fair Value of Level 3 Plan Assets
(Dollars in millions)
 
Fixed Income
Securities - Corporate
Investment Grade
 
Fixed Income
Securities - Corporate
Non-investment
 
Fixed Income
Securities - Foreign
Bonds
Balance as of January 1, 2010
 

$82

 

$26

 

$38

Purchases/(sales)
 
(1
)
 
(26
)
 
(18
)
Realized gain
 
6

 
4

 
4

Unrealized loss
 
(2
)
 
(4
)
 
(2
)
Transfers out of level 3
 
(85
)
 
—

 
(22
)
Balance as of December 31, 2010
 

$—

 

$—

 

$—
Plan Assets Related to Other Postretirement Benefits by Level within the Fair Value Hierarchy
d 2010:
(Dollars in millions)
 
 
 
Fair Value
Measurements as of
December 31, 2011 1
Assets Measured
at Fair Value as
of December 31,
2011
 
Quoted Prices In
Active Markets
for Identical
Assets (Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Mutual funds:
 
 
 
 
 
 
 
 
Large cap fund
 

$37

 

$37

 

$—

 

$—

Investment grade tax-exempt bond
 
25

 
25

 
—

 
—

International fund
 
6

 
6

 
—

 
—

Common and collective funds:
 
 
 
 
 
 
 
 
SunTrust Reserve Fund
 
1

 
—

 
1

 
—

SunTrust Equity Fund
 
37

 
—

 
37

 
—

SunTrust Georgia Tax-Free Fund
 
26

 
—

 
26

 
—

SunTrust National Tax-Free Fund
 
17

 
—

 
17

 
—

SunTrust Aggregate Fixed Income Fund
 
7

 
—

 
7

 
—

SunTrust Short-Term Bond Fund
 
5

 
—

 
5

 
—

 
 

$161

 

$68

 

$93

 

$—

1 Schedule does not include accrued income.
(Dollars in millions)
 
Assets Measured
at Fair Value as
of December 31,
2010
 
Fair Value
Measurements as of
December 31, 20101
Quoted Prices In
Active Markets
for Identical
Assets (Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Mutual funds:
 
 
 
 
 
 
 
 
Large cap fund
 

$39

 

$39

 

$—

 

$—

Investment grade tax-exempt bond
 
24

 
24

 
—

 
—

International fund
 
7

 
7

 
—

 
—

Common and collective funds:
 
 
 
 
 
 
 
 
SunTrust Reserve Fund
 
2

 
—

 
2

 
—

SunTrust Equity Fund
 
38

 
—

 
38

 
—

SunTrust Georgia Tax-Free Fund
 
26

 
—

 
26

 
—

SunTrust National Tax-Free Fund
 
17

 
—

 
17

 
—

SunTrust Aggregate Fixed Income Fund
 
7

 
—

 
7

 
—

SunTrust Short-Term Bond Fund
 
5

 
—

 
5

 
—

 
 

$165

 

$70

 

$95

 

$—

1 Schedule does not include accrued income.
Asset Allocation for the Pension Plans and the Target Allocation, by Asset Category
 
 
Target
Allocation1
 
Percentage of Plan Assets
at December 312
Asset Category
 
2012
 
2011
 
2010
Equity securities
 
50-75
%
 
61
%
 
60
%
Debt securities
 
25-50
 
 
37

 
39

Cash equivalents
 
0-5
 
 
2

 
1

Total
 
 
 
 
100
%
 
100
%
1 
SunTrust Pension Plan only.
2 
SunTrust and NCF Pension Plans.
Asset Allocation for the Other Postretirement Benefit Plans and the Target Allocation, by Asset Category
 
 
Target
Allocation
 
Percentage of Plan Assets
as of December 31
Asset Category
 
2012
 
2011
 
2010
Equity securities
 
35-50
%
 
50
%
 
51
%
Debt securities
 
50-65
 
 
50

 
48

Cash equivalents
 
 
 
 
—

 
1

Total
 
 
 
 
100
%
 
100
%
Funded Status of Plans
 
 
Pension Benefits
 
Other Postretirement Benefits    
(Dollars in millions)
 
2011
 
2010
 
2011
 
2010
Fair value of plan assets
 

$2,550

 

$2,522

 

$161

 

$165

Benefit obligations 1
 
(2,661
)
 
(2,261
)
 
(173
)
 
(189
)
Funded status
 

($111
)
 

$261

 

($12
)
 

($24
)
1Includes $107 million of benefit obligations for the unfunded nonqualified supplemental pension plans.
Amounts Recognized in Accumulated Other Comprehensive Income
 
 
Pension Benefits
 
Other  Postretirement
Benefits
(Dollars in millions)
 
2011
 
2010
 
2011
 
2010
Net actuarial loss
 

$1,108

 

$770

 

$17

 

$34

Prior service credit
 
—

 
(105
)
 
—

 
—

Total AOCI, pre-tax
 

$1,108

 

$665

 

$17

 

$34
Pension Benefits with a Projected Benefit Obligation, in Excess of Plan Assets
(Dollars in millions)
 
2011
 
2010
Projected benefit obligation
 

$2,530

 

$105

Accumulated benefit obligation
 
2,530

 
101
Expected Cash Flows for the Pension Benefit and Other Postretirement Benefit Plans
(Dollars in millions)
 
Pension
Benefits1,2
 
Other Postretirement
Benefits (excluding
  Medicare Subsidy) 3
 
Value to Company
of Expected
Medicare Subsidy
Employer Contributions
 
 
 
 
 
 
2012 (expected) to plan trusts
 

$—

 

$—

 

$—

2012 (expected) to plan participants
 
28

 
—

 
(3
)
Expected Benefit Payments
 
 
 
 
 
 
2012
 
182

 
16

 
(3
)
2013
 
159

 
16

 
(1
)
2014
 
158

 
16

 
(1
)
2015
 
156

 
15

 
(1
)
2016
 
154

 
14

 
(1
)
2017-2021
 
774

 
60

 
(6
)
1 
At this time, SunTrust anticipates contributions to the Retirement Plan will be permitted (but not required) during 2012 based on the funded status of the Plan and contribution limitations under the ERISA.
2 
The expected benefit payments for the SERP will be paid directly from SunTrust corporate assets.
3 
The 2012 expected contribution for the Other Postretirement Benefits Plans represents the Medicare Part D subsidy only. Note that expected benefits under Other Postretirement Benefits Plans are shown net of participant contribu
Schedule of Net Benefit Costs [Table Text Block]
 
Year Ended December 31
 
 
Pension Benefits
 
Other Postretirement Benefits
 
(Dollars in millions)
2011
 
2010
 
2009
 
2011
 
2010
 
2009
 
Service cost

$62

 

$69

 

$64

 

$—

 

$—

 

$—

 
Interest cost
128

 
129

 
120

 
9

 
10

 
12

 
Expected return on plan assets
(188
)
 
(183
)
 
(149
)
 
(7
)
 
(7
)
 
(7
)
 
Amortization of prior service credit
(16
)
 
(11
)
 
(11
)
 
—

 
(1
)
 
(2
)
 
Recognized net actuarial loss
39

 
62

 
112

 
1

 
1

 
19

 
Curtailment gain
(88
)
 
—

 
—

 
—

 
—

 
—

 
Other
—

 
—

 
5

 
—

 
—

 
—

 
Net periodic (benefit)/cost

($63
)
 

$66

 

$141

 

$3

 

$3

 

$22

 
Weighted average assumptions used to determine net cost
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate1
5.59
%
3 
6.32
%
 
6.58
%
1 
5.10
%
 
5.70
%
 
5.95
%
 
Expected return on plan assets
7.72

4 
8.00

 
8.00

 
4.39

2 
4.39

2 
5.30

2 
Rate of compensation increase
4.00

 
4.00

 
4.00/4.50 

 
N/A

 
N/A 

 
N/A 

 
1 
Interim remeasurement was required on April 30, 2009 for the SunTrust Pension Plan due to plan changes adopted at that time. The discount rate as of the remeasurement date was selected based on the economic environment on that date.
2 
The weighted average shown for the Other Postretirement Benefit plan is determined on an after-tax basis.
3 
Interim remeasurement was required on November 14, 2011 due to plan changes adopted at that time. The discount rate as of the remeasurement date was selected based on economic conditions on that date.
4 
As part of the interim remeasurement on November 14, 2011, the expected return on plan assets was reduced from 7.75% to 7.25% for the SunTrust Pension Plan and the NCF Retirement Plan.
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
(Dollars in millions)
 
Pension
Benefits
 
Other Postretirement
Benefits
Current year actuarial loss/(gain)
 

$473

 

($16
)
Recognition of actuarial loss
 
(39
)
 
(1
)
Amortization of prior service credit
 
105

 
—

Curtailment effects
 
(96
)
 
—

Total recognized in OCI, pre-tax
 

$443

 

($17
)
Total recognized in net periodic benefit cost and OCI, pre-tax
 

$380

 

($14
)
Effect of a One-Percent Change in Assumed Healthcare Cost Trend Rates
(Dollars in millions)
 
1% Increase
 
1% Decrease
Effect on Other Postretirement Benefit obligation
 

$11

 

$10

Effect on total service and interest cost
 
1

 
1