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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2017
Employee Benefit Plans [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
The following table presents a summary of stock options, restricted stock, and RSU activity for the year ended December 31, 2017:
 
Stock Options
 
Restricted Stock
 
RSUs
(Dollars in millions, except per share data)
Shares
 
Price
Range
 
Weighted
Average
Exercise
Price
 
Shares
 
Deferred
Compensation
 
Weighted
Average
Grant
Price
 
Shares
 
Weighted
Average
Grant
Price
Balance, January 1, 2017
3,253,793

 
$9.06 - 85.34

 

$42.54

 
11,312

 

$—

 

$42.44

 
4,175,809

 

$36.27

Granted
—

 
—

 
—

 
8,744

 
1

 
57.19

 
1,901,144

 
59.95

Exercised/distributed
(830,383
)
 
9.06 - 64.58

 
25.38

 
(11,312
)
 
—

 
42.44

 
(1,703,795
)
 
36.62

Cancelled/expired/forfeited
(764,105
)
 
56.34 - 85.34

 
81.77

 
—

 
—

 
—

 
(219,439
)
 
44.32

Balance, December 31, 2017
1,659,305

 
$9.06 - 64.58

 

$35.33

 
8,744

 

$1

 

$57.19

 
4,153,719

 

$44.68

Exercisable, December 31, 2017
1,659,305

 
 
 

$35.33

 
 
 
 
 
 
 
 
 
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
The following table presents stock option information at December 31, 2017:
 
Options Outstanding
 
Options Exercisable
(Dollars in millions, except per share data)
Number
Outstanding
at
December 31, 2017
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Total
Aggregate
Intrinsic
Value
 
Number
Exercisable
at
December 31, 2017
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Total
Aggregate
Intrinsic
Value
Range of Exercise Prices:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$9.06 to 49.46
1,170,605

 

$23.12

 
3.42
 

$48,545

 
1,170,605

 

$23.12

 
3.42
 

$48,545

$64.58
488,700

 
64.58

 
0.12
 
5

 
488,700

 
64.58

 
0.12
 
5

$9.06 to 64.58
1,659,305

 

$35.33

 
2.45
 

$48,550

 
1,659,305

 

$35.33

 
2.45
 

$48,550
Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]
Additional option and stock-based compensation information at December 31 is presented in the following table:
(Dollars in millions)
2017
 
2016
 
2015
Intrinsic value of options exercised 1

$28

 

$43

 

$15

Fair value of vested restricted shares 1
—

 
41

 
35

Fair value of vested RSUs 1
62

 
74

 
23

1 Measured as of the grant date.
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
Stock-based compensation expense recognized in Employee compensation in the Consolidated Statements of Income consisted of the following:
 
Years Ended December 31
(Dollars in millions)
2017
 
2016
 
2015
RSUs

$83

 

$56

 

$46

Phantom stock units 1
77

 
67

 
32

Restricted stock
—

 
2

 
16

Stock options
—

 
—

 
1

Total stock-based compensation expense

$160

 

$125

 

$95

 
 
 
 
 
 
Stock-based compensation tax
benefit 2

$61

 

$48

 

$36

1 Phantom stock units are settled in cash. The Company paid $80 million, $28 million, and $16 million during the years ended December 31, 2017, 2016, and 2015, respectively, related to these share-based liabilities.
2 Does not include excess tax benefits or deficiencies recognized in the Provision for income taxes in the Consolidated Statements of Income.
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]
The following table presents the change in benefit obligations, change in fair value of plan assets, funded status, accumulated benefit obligation, and the weighted average discount rate related to the Company's pension and other postretirement benefits plans for the years ended December 31:
 
Pension Benefits 1
 
Other Postretirement Benefits
(Dollars in millions)
2017
 
2016
 
2017
 
2016
Benefit obligation, beginning of year

$2,747

 

$2,716

 

$58

 

$65

Service cost
5

 
5

 
—

 
—

Interest cost
95

 
97

 
1

 
2

Plan participants’ contributions
—

 
—

 
4

 
4

Actuarial loss/(gain)
225

 
76

 
(1
)
 
(4
)
Benefits paid
(156
)
 
(142
)
 
(8
)
 
(9
)
Administrative expenses paid from pension trust
(6
)
 
(5
)
 
—

 
—

Plan amendments
—

 
—

 
(5
)
 
—

Special termination benefits
—

 
—

 
9

 
—

Benefit obligation, end of year 2

$2,910

 

$2,747

 

$58

 

$58

 
 
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets, beginning of year

$3,016

 

$2,879

 

$157

 

$156

Actual return on plan assets
425

 
279

 
11

 
5

Employer contributions 3
9

 
5

 
—

 
—

Plan participants’ contributions
—

 
—

 
4

 
5

Benefits paid
(156
)
 
(142
)
 
(8
)
 
(9
)
Administrative expenses paid from pension trust
(6
)
 
(5
)
 
—

 
—

Fair value of plan assets, end of year 4

$3,288

 

$3,016

 

$164

 

$157

 
 
 
 
 
 
 
 
Funded status at end of year 5, 6

$378

 

$269

 

$106

 

$99

Funded status at end of year (%)
113
%
 
110
%
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated benefit obligation

$2,910

 

$2,747

 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.62
%
 
4.18
%
 
3.29
%
 
3.70
%
1 Employer contributions represent the benefits that were paid to nonqualified plan participants. Unfunded nonqualified supplemental pension plans are not funded through plan assets.
2 Includes $78 million and $80 million of benefit obligations for the unfunded nonqualified supplemental pension plans at December 31, 2017 and 2016, respectively.
3 The Company contributed less than $1 million to the other postretirement benefits plans during both 2017 and 2016.
4 Includes $1 million and $2 million of the Company's common stock acquired by the asset manager and held as part of the equity portfolio for pension benefits at December 31, 2017 and 2016, respectively. During both 2017 and 2016, there was no SunTrust common stock held in the other postretirement benefit plans.
5 Pension benefits recorded in the Consolidated Balance Sheets included other assets of $456 million and $349 million, and other liabilities of $78 million and $80 million, at December 31, 2017 and 2016, respectively.
6 Other postretirement benefits recorded in the Consolidated Balance Sheets included other assets of $106 million and $99 million at December 31, 2017 and 2016, respectively.
Schedule of Net Benefit Costs [Table Text Block]
Components of net periodic benefit related to the Company's pension and other postretirement benefits plans for the years ended December 31 are presented in the following table and are recognized in Employee benefits in the Consolidated Statements of Income:
 
Pension Benefits 1
 
Other Postretirement Benefits
(Dollars in millions)
2017
 
2016
 
2015
 
2017
 
2016
 
2015
Service cost

$5

 

$5

 

$5

 

$—

 

$—

 

$—

Interest cost
95

 
97

 
116

 
1

 
2

 
2

Expected return on plan assets
(195
)
 
(186
)
 
(206
)
 
(5
)
 
(5
)
 
(5
)
Amortization of prior service credit
—

 
—

 
—

 
(6
)
 
(6
)
 
(6
)
Amortization of actuarial loss
25

 
25

 
21

 
—

 
—

 
—

Other
—

 
—

 
—

 
9

 
—

 
—

Net periodic benefit

($70
)
 

($59
)
 

($64
)
 

($1
)
 

($9
)
 

($9
)
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average assumptions used to determine net periodic benefit:
 
 
 
 
 
 
 
 
 
 
Discount rate
4.18
%
 
4.44
%
 
4.09
%
 
3.70
%
 
3.95
%
 
3.60
%
Expected return on plan assets
6.66

 
6.68

 
6.91

 
3.12

 
3.13

 
3.50

1 Administrative fees are recognized in service cost for each of the periods presented.
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
Components of the benefit obligations AOCI balance at December 31 were as follows:
 
Pension Benefits
 
Other 
Postretirement
Benefits    
(Dollars in millions)
2017
 
2016
 
2017
 
2016
Prior service credit

$—

 

$—

 

($58
)
 

($59
)
Net actuarial loss/(gain)
1,001

 
1,031

 
(22
)
 
(15
)
Total AOCI, pre-tax

$1,001

 

$1,031

 

($80
)
 

($74
)

Other changes in plan assets and benefit obligations recognized in AOCI during 2017 were as follows:
(Dollars in millions)
Pension Benefits
 
Other Postretirement Benefits
Current year prior service credit

$—

 

($5
)
Current year actuarial gain
(5
)
 
(7
)
Amortization of prior service credit
—

 
6

Amortization of actuarial loss
(25
)
 
—

Total recognized in AOCI, pre-tax

($30
)
 

($6
)
Total recognized in net periodic benefit and AOCI, pre-tax

($100
)
 

($7
)
Schedule of Allocation of Plan Assets [Table Text Block]
The following tables present combined pension and other postretirement benefit plan assets measured at fair value. See Note 18, "Fair Value Election and Measurement" for level definitions within the fair value hierarchy.
 
 
 
Fair Value Measurements at December 31, 2017 1
(Dollars in millions)
Total
Level 1
 
Level 2
 
Level 3
Money market funds 2

$138

 

$138

 

$—

 

$—

Equity securities
936

 
936

 
—

 
—

Mutual funds 3:
 
 
 
 
 
 
 
Equity index fund
56

 
56

 
—

 
—

Tax exempt municipal bond funds
85

 
85

 
—

 
—

Taxable fixed income index funds
12

 
12

 
—

 
—

Futures contracts
(5
)
 
(5
)
 
—

 
—

Fixed income securities
2,201

 
512

 
1,689

 
—

Other assets
9

 
9

 
—

 
—

Total plan assets

$3,432

 

$1,743

 

$1,689

 

$—

1 Fair value measurements do not include pension benefits accrued income amounting to less than 0.7% of total plan assets.
2 Includes $11 million for other postretirement benefit plans.
3 Relates exclusively to other postretirement benefit plans.

 
 
 
Fair Value Measurements at December 31, 2016 1
(Dollars in millions)
Total
Level 1
 
Level 2
 
Level 3
Money market funds 2

$112

 

$112

 

$—

 

$—

Equity securities
1,415

 
1,415

 
—

 
—

Mutual funds 3:
 
 
 
 
 
 
 
Equity index fund
47

 
47

 
—

 
—

Tax exempt municipal bond funds
82

 
82

 
—

 
—

Taxable fixed income index funds
13

 
13

 
—

 
—

Futures contracts
(5
)
 
—

 
(5
)
 
—

Fixed income securities
1,486

 
—

 
1,486

 
—

Other assets
6

 
6

 
—

 
—

Total plan assets

$3,156

 

$1,675

 

$1,481

 

$—

1 Fair value measurements do not include pension benefits accrued income amounting to less than 0.6% of total plan assets.
2 Includes $16 million for other postretirement benefit plans.
3 Relates exclusively to other postretirement benefit plans.
Target allocations for pension and other postretirement benefits at December 31, by asset category, are presented below:
 
Pension Benefits
 
Other Postretirement Benefits
 
2017 Target Allocation
 
% of plan assets
 
2017 Target Allocation
 
% of plan assets
 
 
2017
 
2016
 
 
2017
 
2016
Cash equivalents
0-10
%
 
4
%
 
3
%
 
5-15
%
 
7
%
 
10
%
Equity securities
0-40
 
 
29

 
47

 
20-40
 
 
34

 
30

Debt securities
40-100
 
 
67

 
50

 
50-70
 
 
59

 
60

Total
 
 
 
100
%
 
100
%
 
 
 
 
100
%
 
100
%
Schedule of Expected Benefit Payments [Table Text Block]
Expected cash flows for the pension and other postretirement benefit plans are presented in the following table:
(Dollars in millions)
Pension Benefits 1
 
Other Postretirement Benefits (excluding Medicare Subsidy) 2
Employer Contributions:
 
 
 
2018 (expected) to plan trusts

$—

 

$—

2018 (expected) to plan participants 3
9

 
—

 
 
 
 
Expected Benefit Payments:
 
 
 
2018
210

 
7

2019
172

 
6

2020
172

 
6

2021
170

 
6

2022
167

 
5

2023 - 2027
824

 
18

1 Based on the funding status and ERISA limitations, the Company anticipates contributions to the Retirement Plan will not be required during 2018.
2 Expected payments under other postretirement benefit plans are shown net of participant contributions.
3 The expected benefit payments for the SERP will be paid directly from the Company's corporate assets.