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Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2018
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost
Financial data relative to qualified and nonqualified defined benefit pension plans is summarized in the following tables for the years indicated. On the Consolidated Balance Sheets, the qualified pension plan prepaid asset is recorded as a component of other assets and the nonqualified pension plans accrued liability is recorded as a component of other liabilities. The data is calculated using an actuarial measurement date of December 31.
Year Ended December 31,
(Dollars in millions)
Location
 
2018
 
2017
 
2016
Net periodic pension cost:
 
 
 
 
 
 
 
Service cost
Personnel expense
 
$
238

 
$
200

 
$
186

Interest cost
Other expense
 
201

 
192

 
181

Estimated return on plan assets
Other expense
 
(448
)
 
(372
)
 
(326
)
Net amortization and other
Other expense
 
81

 
75

 
80

Net periodic benefit cost
 
 
72

 
95

 
121

Pre-tax amounts recognized in OCI:
 
 
 

 
 

 
 

Prior service credit (cost)
 
 
—

 
30

 
—

Net actuarial loss (gain)
 
 
289

 
137

 
138

Net amortization
 
 
(81
)
 
(75
)
 
(80
)
Net amount recognized in OCI
 
 
208

 
92

 
58

Total net periodic pension costs (income) recognized in total comprehensive income, pre-tax
 
 
$
280

 
$
187

 
$
179

Weighted average assumptions used to determine net periodic pension cost:
 
 
 
 
 
 
Discount rate
 
 
3.79
%
 
4.43
%
 
4.68
%
Expected long-term rate of return on plan assets
 
 
7.00
%
 
7.00
%
 
7.00
%
Assumed long-term rate of annual compensation increases
 
 
4.50
%
 
4.50
%
 
4.50
%
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
Activity in the projected benefit obligation is presented in the following table:
Year Ended December 31,
(Dollars in millions)
Qualified Plan
 
Nonqualified Plans
2018
 
2017
 
2018
 
2017
Projected benefit obligation, January 1
$
4,939

 
$
3,939

 
$
387

 
$
426

Service cost
222

 
188

 
16

 
12

Interest cost
186

 
173

 
15

 
19

Actuarial (gain) loss
(537
)
 
576

 
(19
)
 
77

Benefits paid
(113
)
 
(102
)
 
(13
)
 
(12
)
Plan amendments
—

 
165

 
—

 
(135
)
Projected benefit obligation, December 31
$
4,697

 
$
4,939

 
$
386

 
$
387

Accumulated benefit obligation, December 31
$
4,035

 
$
4,198

 
$
293

 
$
288

Weighted average assumptions used to determine projected benefit obligations:
 
 
 
 
 
 
Weighted average assumed discount rate
4.43
%
 
3.79
%
 
4.43
%
 
3.79
%
Assumed rate of annual compensation increases
4.50
%
 
4.50
%
 
4.50
%
 
4.50
%
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
Activity in plan assets is presented in the following table:
Year Ended December 31,
(Dollars in millions)
 
Qualified Plan
 
Nonqualified Plans
 
2018
 
2017
 
2018
 
2017
Fair value of plan assets, January 1
 
$
6,309

 
$
5,044

 
$
—

 
$
—

Actual return on plan assets
 
(397
)
 
888

 
—

 
—

Employer contributions
 
169

 
479

 
13

 
13

Benefits paid
 
(113
)
 
(102
)
 
(13
)
 
(13
)
Fair value of plan assets, December 31
 
$
5,968

 
$
6,309

 
$
—

 
$
—

Funded status, December 31
 
$
1,271

 
$
1,370

 
$
(386
)
 
$
(387
)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
The following are the pre-tax amounts recognized in AOCI:
Year Ended December 31,
(Dollars in millions)
 
Qualified Plan
 
Nonqualified Plans
 
2018
 
2017
 
2018
 
2017
Prior service credit (cost)
 
$
(140
)
 
$
(165
)
 
$
115

 
$
134

Net actuarial loss
 
(1,349
)
 
(1,092
)
 
(156
)
 
(198
)
Net amount recognized
 
$
(1,489
)
 
$
(1,257
)
 
$
(41
)
 
$
(64
)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
The following table presents the amount expected to be amortized from AOCI into net periodic pension cost during 2019:
(Dollars in millions)
 
Qualified Plan
 
Nonqualified Plans
Net actuarial loss
 
$
(79
)
 
$
(17
)
Prior service credit (cost)
 
(25
)
 
$
19

Net amount expected to be amortized
 
$
(104
)
 
$
2
Schedule of Expected Benefit Payments [Table Text Block]
The following table reflects the estimated benefit payments for the periods presented:
(Dollars in millions)
 
Qualified Plan
 
Nonqualified Plans
2019
 
$
126

 
$
16

2020
 
138

 
16

2021
 
151

 
17

2022
 
165

 
18

2023
 
179

 
19

2024-2028
 
1,126

 
113
Schedule of Allocation of Plan Assets [Table Text Block]
BB&T periodically reviews its asset allocation and investment policy and makes changes to its target asset allocation. BB&T has established guidelines within each asset category to ensure the appropriate balance of risk and reward. The fair values of pension plan assets by asset category for the qualified plan are reflected in the table below. Amounts carried using net asset values and accrued income are excluded from the table.
December 31,
(Dollars in millions)
Target Allocation
 
2018
 
2017
Min
 
Max
 
Total
 
Level 1
 
Level 2
 
Total
 
Level 1
 
Level 2
Cash and cash-equivalents
 
 
 
 
$
21

 
$
21

 
$
—

 
$
67

 
$
67

 
$
—

U.S. equity securities (1)
30
%
 
50
%
 
2,323

 
1,204

 
1,119

 
2,503

 
1,333

 
1,170

International equity securities
11

 
18

 
797

 
161

 
636

 
1,130

 
195

 
935

Fixed income securities
35

 
53

 
2,528

 
11

 
2,517

 
2,452

 
10

 
2,442

Total
 
 
 
 
$
5,669

 
$
1,397

 
$
4,272

 
$
6,152

 
$
1,605

 
$
4,547

(1)
The plan may hold up to 10% of its assets in BB&T common stock.