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Operating Segments
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Operating Segments Operating Segments
Truist operates and measures business activity across three segments: CB&W, C&CB, and IH, with functional activities included in OT&C. The Company’s business segment structure is based on the manner in which financial information is evaluated by management as well as the products and services provided or the type of client served. For additional information, see “Note 21. Operating Segments” of the Annual Report on Form 10-K for the year ended December 31, 2022.

During the first quarter of 2023, Truist realigned Prime Rate Premium Finance Corporation, which includes AFCO Credit Corporation and CAFO Holding Company, into the C&CB segment from the IH segment. Prior period results have been revised to conform to the current presentation. During the second quarter of 2023, Truist updated its segment cost allocation methodology. Results for the first quarter of 2023 have been revised to conform to the current presentation. Management concluded the impact to 2022 was not material.

In conjunction with the Company’s April 3, 2023 sale of a 20% stake of the common equity in IH, IH issued $5.0 billion of 8.25% mandatorily redeemable preferred units to the Company, with the related interest expense, which is fully allocable to the Company, reported in Net intersegment interest income (expense).

Also related to the same transaction, IH was recapitalized from a corporate entity to an LLC, such that each member is allocated its share of IH’s income before taxes, and beginning in the second quarter of 2023 the Company recognizes its associated income tax provision through Other, Treasury & Corporate. The Company elected not to restate prior periods for this change based on IH’s previous status as a corporate entity. The Company recognized $54 million for the second quarter 2023 tax provision related to IH in Other, Treasury & Corporate.
The following table presents results by segment:
Three Months Ended June 30,
(Dollars in millions)		CB&WC&CBIH
OT&C(1)
Total
2023202220232022202320222023202220232022
Net interest income (expense)$1,454 $1,568 $2,420 $1,305 $1 $1 $(250)$533 $3,625 $3,407 
Net intersegment interest income (expense)1,214 725 (720)54 (85)5 (409)(784)— — 
Segment net interest income2,668 2,293 1,700 1,359 (84)6 (659)(251)3,625 3,407 
Allocated provision for credit losses224 199 312 (27)— — 2 (1)538 171 
Segment net interest income after provision2,444 2,094 1,388 1,386 (84)6 (661)(250)3,087 3,236 
Noninterest income828 831 576 688 944 830 (55)(101)2,293 2,248 
Amortization of intangibles68 79 31 33 32 31 — — 131 143 
Other noninterest expense1,980 1,848 841 782 673 579 123 228 3,617 3,437 
Income (loss) before income taxes1,224 998 1,092 1,259 155 226 (839)(579)1,632 1,904 
Provision (benefit) for income taxes293 238 212 273 — 55 (218)(194)287 372 
Segment net income (loss)$931 $760 $880 $986 $155 $171 $(621)$(385)$1,345 $1,532 
Identifiable assets (period end)$163,940 $165,962 $209,824 $197,672 $9,500 $7,090 $171,285 $174,399 $554,549 $545,123 
Six Months Ended June 30,
(Dollars in millions)		CB&WC&CBIH
OT&C(1)
Total
2023202220232022202320222023202220232022
Net interest income (expense)$3,057 $3,095 $4,726 $2,424 $2 $1 $(292)$1,070 $7,493 $6,590 
Net intersegment interest income (expense)2,359 1,387 (1,279)220 (72)7 (1,008)(1,614)— — 
Segment net interest income5,416 4,482 3,447 2,644 (70)8 (1,300)(544)7,493 6,590 
Allocated provision for credit losses498 272 544 (177)— — (2)(19)1,040 76 
Segment net interest income after provision4,918 4,210 2,903 2,821 (70)8 (1,298)(525)6,453 6,514 
Noninterest income1,701 1,742 1,206 1,344 1,761 1,563 (141)(259)4,527 4,390 
Amortization of intangibles137 153 62 66 68 61 — — 267 280 
Other noninterest expense3,968 3,661 1,693 1,538 1,323 1,095 188 680 7,172 6,974 
Income (loss) before income taxes2,514 2,138 2,354 2,561 300 415 (1,627)(1,464)3,541 3,650 
Provision (benefit) for income taxes601 512 474 555 36 102 (430)(467)681 702 
Segment net income (loss)$1,913 $1,626 $1,880 $2,006 $264 $313 $(1,197)$(997)$2,860 $2,948 
Identifiable assets (period end)$163,940 $165,962 $209,824 $197,672 $9,500 $7,090 $171,285 $174,399 $554,549 $545,123 
(1)Includes financial data from business units below the quantitative and qualitative thresholds requiring disclosure.