Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instruments and Related Hedged Items

The following table presents the notional amount and estimated fair value of derivative instruments:

		December 31, 2016								December 31, 2015
		Notional Amount		Fair Value						Notional Amount		Fair Value
	Hedged Item or Transaction			Gain			Loss					Gain			Loss
		(Dollars in millions)
Cash flow hedges:
Interest rate contracts:
Pay fixed swaps	3 mo. LIBOR funding	$	7,050	$	—		$	(187	)	$	9,300	$	—		$	(214	)
Fair value hedges:
Interest rate contracts:
Receive fixed swaps	Long-term debt	12,099		202			(100		)	13,092		329			(1		)
Options	Long-term debt	2,790		—			(1		)	—		—			—
Pay fixed swaps	Commercial loans	346		4			(2		)	207		—			(2		)
Pay fixed swaps	Municipal securities	231		—			(83		)	244		—			(94		)
Total		15,466		206			(186		)	13,543		329			(97		)
Not designated as hedges:
Client-related and other risk management:
Interest rate contracts:
Receive fixed swaps		9,989		235			(44		)	8,827		337			(1		)
Pay fixed swaps		10,263		43			(252		)	8,984		1			(363		)
Other swaps		1,086		2			(5		)	1,005		3			(6		)
Other		709		2			(2		)	601		1			(2		)
Forward commitments		5,972		29			(28		)	4,403		5			(4		)
Foreign exchange contracts		669		8			(5		)	513		6			(4		)
Total		28,688		319			(336		)	24,333		353			(380		)
Mortgage banking:
Interest rate contracts:
Interest rate lock commitments		2,219		7			(20		)	1,828		8			(4		)
When issued securities, forward rate agreements and forward commitments		3,657		51			(14		)	2,725		9			(5		)
Other		449		2			(1		)	677		4			—
Total		6,325		60			(35		)	5,230		21			(9		)
MSRs:
Interest rate contracts:
Receive fixed swaps		5,034		18			(236		)	2,343		79			(7		)
Pay fixed swaps		3,768		56			(7		)	2,329		4			(56		)
Options		5,710		160			(8		)	7,765		184			(24		)
When issued securities, forward rate agreements and forward commitments		3,210		3			(8		)	2,682		—			(5		)
Total		17,722		237			(259		)	15,119		267			(92		)
Total derivatives not designated as hedges		52,735		616			(630		)	44,682		641			(481		)
Total derivatives		$	75,251	822			(1,003		)	$	67,525	970			(792		)
Gross amounts not offset in the Consolidated Balance Sheets:
Amounts subject to master netting arrangements not offset due to policy election				(443		)	443					(391		)	391
Cash collateral (received) posted				(119		)	450					(283		)	368
Net amount				$	260		$	(110	)			$	296		$	(33	)

The Effect of Derivative Instruments on the Consolidated Statements of Income

The following table presents the effect of hedging derivative instruments on the consolidated statements of income:

	Effective Portion
	Pre-tax Gain (Loss) Recognized in OCI									Location of Amounts Reclassified from AOCI into Income	Pre-tax Gain (Loss) Reclassified from AOCI into Income
Year Ended December 31	2016			2015			2014				2016			2015			2014
	(Dollars in millions)
Cash Flow Hedges:
Interest rate contracts	$	(24	)	$	(130	)	$	(172	)	Total interest expense	$	(11	)	$	(83	)	$	(82	)
										Location of Amounts Recognized in Income	Pre-tax Gain (Loss) Recognized in Income
											2016			2015			2014
											(Dollars in millions)
Fair Value Hedges:
Interest rate contracts										Total interest income	$	(18	)	$	(20	)	$	(22	)
Interest rate contracts										Total interest expense	226			279			233
Total											$	208		$	259		$	211
Not Designated as Hedges:
Client-related and other risk management:
Interest rate contracts										Other income	$	52		$	27		$	18
Foreign exchange contracts										Other income	11			21			16
Mortgage Banking:
Interest rate contracts										Mortgage banking income	8			7			(16		)
MSRs:
Interest rate contracts										Mortgage banking income	31			32			251
Total											$	102		$	87		$	269

Deferred Gains and Losses From Hedges

The following table presents information about BB&T's cash flow and fair value hedges:

	December 31,
	2016				2015
	(Dollars in millions)
Cash flow hedges:
Net unrecognized after-tax loss on active hedges recorded in AOCI	$	(118	)		$	(134	)
Net unrecognized after-tax gain on terminated hedges recorded in AOCI (to be recognized in earnings through 2022)	26				50
Estimated portion of net after-tax loss on active and terminated hedges to be reclassified from AOCI into earnings during the next 12 months	(4		)		(7		)
Maximum time period over which BB&T has hedged a portion of the variability in future cash flows for forecasted transactions excluding those transactions relating to the payment of variable interest on existing instruments	6			yrs	7			yrs
Fair value hedges:
Unrecognized pre-tax net gain on terminated hedges (to be recognized as interest primarily through 2019)	$	169			$	138
Portion of pre-tax net gain on terminated hedges to be recognized as a change in interest during the next 12 months	56				57

Schedule of Derivative Instruments Summary of Collateral Positions with Counterparties

	December 31,
	2016		2015
	(Dollars in millions)
Dealer Counterparties:
Cash collateral received from dealer counterparties	$	123	$	283
Derivatives in a net gain position secured by that collateral	123		301
Unsecured positions in a net gain with dealer counterparties after collateral postings	4		18
Cash collateral posted to dealer counterparties	138		156
Derivatives in a net loss position secured by that collateral	144		161
Additional collateral that would have been posted had BB&T's credit ratings dropped below investment grade	8		6
Central Clearing Parties:
Cash collateral, including initial margin, posted to central clearing parties	313		223
Derivatives in a net loss position secured by that collateral	318		227
Securities pledged to central clearing parties	119		207