Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017								December 31, 2016
		Notional Amount		Fair Value						Notional Amount		Fair Value
(Dollars in millions)	Hedged Item or Transaction			Gain			Loss					Gain			Loss
Cash flow hedges:
Interest rate contracts:
Pay fixed swaps	3 mo. LIBOR funding	$	6,500	$	—		$	(126	)	$	7,050	$	—		$	(187	)
Fair value hedges:
Interest rate contracts:
Receive fixed swaps	Long-term debt	15,538		118			(166		)	12,099		202			(100		)
Options	Long-term debt	6,087		—			(1		)	2,790		—			(1		)
Pay fixed swaps	Commercial loans	416		5			(1		)	346		4			(2		)
Pay fixed swaps	Municipal securities	231		—			(76		)	231		—			(83		)
Total		22,272		123			(244		)	15,466		206			(186		)
Not designated as hedges:
Client-related and other risk management:
Interest rate contracts:
Receive fixed swaps		10,880		141			(61		)	9,989		235			(44		)
Pay fixed swaps		10,962		59			(155		)	10,263		43			(252		)
Other swaps		936		2			(2		)	1,086		2			(5		)
Other		722		2			(2		)	709		2			(2		)
Forward commitments		3,549		3			(2		)	5,972		29			(28		)
Foreign exchange contracts		470		3			(6		)	669		8			(5		)
Total		27,519		210			(228		)	28,688		319			(336		)
Mortgage banking:
Interest rate contracts:
Interest rate lock commitments		1,308		7			(3		)	2,219		7			(20		)
When issued securities, forward rate agreements and forward commitments		3,124		4			(3		)	6,683		51			(14		)
Other		182		1			—			449		2			(1		)
Total		4,614		12			(6		)	9,351		60			(35		)
MSRs:
Interest rate contracts:
Receive fixed swaps		4,498		15			(86		)	5,034		18			(236		)
Pay fixed swaps		3,418		32			(13		)	3,768		56			(7		)
Options		4,535		50			(11		)	5,710		160			(8		)
When issued securities, forward rate agreements and forward commitments		1,813		1			—			3,210		3			(8		)
Other		3		—			—			—		—			—
Total		14,267		98			(110		)	17,722		237			(259		)
Total derivatives not designated as hedges		46,400		320			(344		)	55,761		616			(630		)
Total derivatives		$	75,172	443			(714		)	$	78,277	822			(1,003		)
Gross amounts not offset in the Consolidated Balance Sheets:
Amounts subject to master netting arrangements not offset due to policy election				(297		)	297					(443		)	443
Cash collateral (received) posted				(20		)	344					(119		)	450
Net amount				$	126		$	(73	)			$	260		$	(110	)

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
Year Ended December 31	Pre-tax Gain (Loss) Recognized in OCI								Location of Amounts Reclassified from AOCI into Income	Pre-tax Gain (Loss) Reclassified from AOCI into Income
(Dollars in millions)	2017		2016			2015				2017			2016			2015
Cash Flow Hedges:
Interest rate contracts	$	10	$	(24	)	$	(130	)	Total interest expense	$	(15	)	$	(11	)	$	(83	)
									Location of Amounts Recognized in Income	Pre-tax Gain (Loss) Recognized in Income
										2017			2016			2015
										(Dollars in millions)
Fair Value Hedges:
Interest rate contracts									Total interest income	$	(19	)	$	(18	)	$	(20	)
Interest rate contracts									Total interest expense	148			226			279
Total										$	129		$	208		$	259
Not Designated as Hedges:
Client-related and other risk management:
Interest rate contracts									Other income	$	50		$	52		$	27
Foreign exchange contracts									Other income	1			11			21
Mortgage Banking:
Interest rate contracts									Mortgage banking income	(12		)	8			7
MSRs:
Interest rate contracts									Mortgage banking income	—			31			32
Total										$	39		$	102		$	87

Deferred Gains and Losses From Cash Flow and Fair Value Hedges

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

	December 31,
(Dollars in millions)	2017				2016
Cash flow hedges:
Net unrecognized after-tax loss on active hedges recorded in AOCI	$	(96	)		$	(118	)
Net unrecognized after-tax gain on terminated hedges recorded in AOCI (to be recognized in earnings through 2022)	3				26
Estimated portion of net after-tax loss on active and terminated hedges to be reclassified from AOCI into earnings during the next 12 months	(25		)		(4		)
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	5			yrs	6			yrs
Fair value hedges:
Unrecognized pre-tax net gain on terminated hedges (to be recognized as interest primarily through 2019)	$	129			$	169
Portion of pre-tax net gain on terminated hedges to be recognized as a change in interest during the next 12 months	49				56

Schedule of Derivative Instruments Summary of Collateral Positions with Counterparties

	December 31,
(Dollars in millions)	2017		2016
Dealer Counterparties:
Cash collateral received from dealer counterparties	$	21	$	123
Derivatives in a net gain position secured by collateral received	22		123
Unsecured positions in a net gain with dealer counterparties after collateral postings	2		4
Cash collateral posted to dealer counterparties	172		138
Derivatives in a net loss position secured by collateral posted	171		144
Additional collateral that would have been posted had BB&T's credit ratings dropped below investment grade	—		8
Central Clearing Parties:
Cash collateral, including initial margin, posted to central clearing parties	177		313
Derivatives in a net loss position secured by that collateral	176		318
Securities pledged to central clearing parties	91		119