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BUSINESS OPERATING SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
Schedule of segment reporting information | The business segments reflect this management structure and the manner in which financial information is currently evaluated by the Chief Executive Officer. For more information on the Company’s business operating segments, as well as Other non-segment operations, see Note 25 in the Company’s 2019 Form 10-K.
| As of and for the Three Months Ended March 31, 2020
(in millions) | Consumer Banking |  | Commercial Banking |  | Other |  | Consolidated
Net interest income |  | $793 |  |  |  | $365 |  |  |  | $2 |  |  |  | $1,160 |
Noninterest income | 357 |  |  | 125 |  |  | 15 |  |  | 497 |
Total revenue | 1,150 |  |  | 490 |  |  | 17 |  |  | 1,657 |
Noninterest expense | 738 |  |  | 221 |  |  | 53 |  |  | 1,012 |
Profit (loss) before provision for credit losses | 412 |  |  | 269 |  |  | (36 | ) |  | 645 |
Provision for credit losses | 97 |  |  | 43 |  |  | 460 |  |  | 600 |
Income (loss) before income tax expense (benefit) | 315 |  |  | 226 |  |  | (496 | ) |  | 45 |
Income tax expense (benefit) | 79 |  |  | 47 |  |  | (115 | ) |  | 11 |
Net income (loss) |  | $236 |  |  |  | $179 |  |  |  | ($381 | ) |  |  | $34 |
Total average assets |  | $68,415 |  |  |  | $59,005 |  |  |  | $39,757 |  |  |  | $167,177 |
| As of and for the Three Months Ended March 31, 2019
(in millions) | Consumer Banking |  | Commercial Banking |  | Other |  | Consolidated
Net interest income |  | $788 |  |  |  | $372 |  |  |  | $— |  |  |  | $1,160 |
Noninterest income | 247 |  |  | 150 |  |  | 31 |  |  | 428 |
Total revenue | 1,035 |  |  | 522 |  |  | 31 |  |  | 1,588 |
Noninterest expense | 700 |  |  | 209 |  |  | 28 |  |  | 937 |
Profit before provision for credit losses | 335 |  |  | 313 |  |  | 3 |  |  | 651 |
Provision for credit losses | 67 |  |  | 21 |  |  | (3 | ) |  | 85 |
Income before income tax expense (benefit) | 268 |  |  | 292 |  |  | 6 |  |  | 566 |
Income tax expense (benefit) | 66 |  |  | 65 |  |  | (4 | ) |  | 127 |
Net income |  | $202 |  |  |  | $227 |  |  |  | $10 |  |  |  | $439 |
Total average assets |  | $65,007 |  |  |  | $55,630 |  |  |  | $39,778 |  |  |  | $160,415 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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