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Shareholders' Equity - Summary of Preferred Stock (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Class of Stock [Line Items]    
Liquidation Amount $ 6,726  
Preferred Stock, Including Additional Paid in Capital, Net of Discount 6,673 $ 6,673
Series I    
Class of Stock [Line Items]    
Liquidation Amount [1] 173  
Preferred Stock, Including Additional Paid in Capital, Net of Discount [1] $ 168  
Dividend Rate [1],[2] Variable  
Series J    
Class of Stock [Line Items]    
Liquidation Amount [1] $ 103  
Preferred Stock, Including Additional Paid in Capital, Net of Discount [1] $ 92  
Dividend Rate [1],[3] Variable  
Series L    
Class of Stock [Line Items]    
Liquidation Amount [1] $ 750  
Preferred Stock, Including Additional Paid in Capital, Net of Discount [1] $ 766  
Dividend Rate [1],[4],[5] Variable  
Series M    
Class of Stock [Line Items]    
Liquidation Amount [1] $ 500  
Preferred Stock, Including Additional Paid in Capital, Net of Discount [1] $ 516  
Dividend Rate [1],[6],[7] 5.125%  
Series N    
Class of Stock [Line Items]    
Liquidation Amount $ 1,700  
Preferred Stock, Including Additional Paid in Capital, Net of Discount $ 1,683  
Dividend Rate [8] 4.80%  
Series O    
Class of Stock [Line Items]    
Liquidation Amount $ 575  
Preferred Stock, Including Additional Paid in Capital, Net of Discount $ 559  
Dividend Rate 5.25%  
Series P    
Class of Stock [Line Items]    
Liquidation Amount $ 1,000  
Preferred Stock, Including Additional Paid in Capital, Net of Discount $ 992  
Dividend Rate [9] 4.95%  
Series Q    
Class of Stock [Line Items]    
Liquidation Amount $ 1,000  
Preferred Stock, Including Additional Paid in Capital, Net of Discount $ 992  
Dividend Rate [10] 5.10%  
Series R    
Class of Stock [Line Items]    
Liquidation Amount $ 925  
Preferred Stock, Including Additional Paid in Capital, Net of Discount $ 905  
Dividend Rate 4.75%  
[1] Converted security from previously issued SunTrust preferred stock. Each outstanding share of SunTrust perpetual preferred stock was converted into the right to receive one share of an applicable newly issued series of Truist preferred stock having substantially the same terms as such share of SunTrust preferred stock.
[2] Dividend rate is the greater of 4.00% or 3-month SOFR plus 0.79161%. Prior to the transition to SOFR, the dividend rate was the greater of 4.00% or 3-month LIBOR plus 0.530%.
[3] Dividend rate is the greater of 4.00% or 3-month SOFR plus 0.90661%. Prior to the transition to SOFR, the dividend rate was the greater of 4.00% or 3-month LIBOR plus 0.645%.
[4] Dividend payments became quarterly on September 15, 2022.
[5] Dividend rate is the greater of 3-month SOFR plus 3.36361%. From June 15, 2022 to the transition to SOFR, the dividend rate was of 3-month LIBOR plus 3.102%. Prior to June 15, 2022, fixed dividend rate of 5.05%.
[6] Dividend payments become quarterly after dividend rate reset.
[7] Fixed dividend rate will reset on December 15, 2027, then dividend rate will be 3-month SOFR plus 3.04761%.
[8] Fixed dividend rate will reset on September 1, 2024, and on each following fifth anniversary of the reset date to the five-year U.S. Treasury rate plus 3.003%.
[9] Fixed dividend rate will reset on December 1, 2025, and on each following fifth anniversary of the reset date to the five-year U.S. Treasury rate plus 4.605%.
[10] Fixed dividend rate will reset on September 1, 2030, and on each following tenth anniversary of the reset date to the ten-year U.S. Treasury rate plus 4.349%.