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Allowance for Credit Losses (Tables) | 6 Months Ended
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Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] |
Rollforward Of The Allowance For Loan Losses By Portfolio Segment | The following table provides a rollforward of the ALLL and RULC by portfolio type for the three and six months ended June 30, 2021 and 2020:
(Dollars in millions) |  | Commercial, Financial, and Industrial (a) |  | Commercial Real Estate |  | Consumer Real Estate |  | Credit Card and Other |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |
Balance as of April 1, 2021 |  | $ | 442 |  |  | $ | 232 |  |  | $ | 222 |  |  | $ | 18 |  |  | $ | 914 |
Charge-offs |  | (2) |  |  | — |  |  | (1) |  |  | (3) |  |  | (6) |
Recoveries |  | 5 |  |  | 1 |  |  | 8 |  |  | 2 |  |  | 16 |
Provision for loan and lease losses |  | (60) |  |  | (23) |  |  | (26) |  |  | — |  |  | (109) |
Balance as of June 30, 2021 |  | $ | 385 |  |  | $ | 210 |  |  | $ | 203 |  |  | $ | 17 |  |  | $ | 815 |
Balance as of April 1, 2020 |  | $ | 255 |  |  | $ | 48 |  |  | $ | 123 |  |  | $ | 19 |  |  | $ | 445 |
Charge-offs |  | (18) |  |  | — |  |  | (2) |  |  | (3) |  |  | (23) |
Recoveries |  | 1 |  |  | — |  |  | 4 |  |  | 1 |  |  | 6 |
Provision for loan losses |  | 81 |  |  | 9 |  |  | 19 |  |  | 1 |  |  | 110 |
Balance as of June 30, 2020 |  | $ | 319 |  |  | $ | 57 |  |  | $ | 144 |  |  | $ | 18 |  |  | $ | 538 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of April 1, 2021 |  | $ | 62 |  |  | $ | 11 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 81 |
Provision for remaining unfunded commitments |  | (5) |  |  | (2) |  |  | 1 |  |  | — |  |  | (6) |
Balance as of June 30, 2021 |  | $ | 57 |  |  | $ | 9 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 75 |
Balance as of April 1, 2020 |  | $ | 27 |  |  | $ | 6 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 39 |
Provision for remaining unfunded commitments |  | 9 |  |  | — |  |  | 2 |  |  | — |  |  | 11 |
Balance as of June 30, 2020 |  | $ | 36 |  |  | $ | 6 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 50 |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 |  | $ | 453 |  |  | $ | 242 |  |  | $ | 242 |  |  | $ | 26 |  |  | $ | 963 |
Charge-offs |  | (16) |  |  | (3) |  |  | (4) |  |  | (6) |  |  | (29) |
Recoveries |  | 11 |  |  | 3 |  |  | 14 |  |  | 3 |  |  | 31 |
Provision for loan and lease losses |  | (63) |  |  | (32) |  |  | (49) |  |  | (6) |  |  | (150) |
Balance as of June 30, 2021 |  | $ | 385 |  |  | $ | 210 |  |  | $ | 203 |  |  | $ | 17 |  |  | $ | 815 |
Balance as of January 1, 2020, as adjusted (b) |  | $ | 142 |  |  | $ | 29 |  |  | $ | 121 |  |  | $ | 15 |  |  | $ | 307 |
Charge-offs |  | (25) |  |  | (1) |  |  | (4) |  |  | (6) |  |  | (36) |
Recoveries |  | 2 |  |  | 1 |  |  | 7 |  |  | 2 |  |  | 12 |
Provision for loan losses |  | 200 |  |  | 28 |  |  | 20 |  |  | 7 |  |  | 255 |
Balance as of June 30, 2020 |  | $ | 319 |  |  | $ | 57 |  |  | $ | 144 |  |  | $ | 18 |  |  | $ | 538 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 |  | $ | 65 |  |  | $ | 10 |  |  | $ | 10 |  |  | $ | — |  |  | $ | 85 |
Provision for remaining unfunded commitments |  | (8) |  |  | (1) |  |  | (1) |  |  | — |  |  | (10) |
Balance as of June 30, 2021 |  | $ | 57 |  |  | $ | 9 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 75 |
Balance as of January 1, 2020, as adjusted (b) |  | $ | 21 |  |  | $ | 3 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 30 |
Provision for remaining unfunded commitments |  | 15 |  |  | 3 |  |  | 2 |  |  | — |  |  | 20 |
Balance as of June 30, 2020 |  | $ | 36 |  |  | $ | 6 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 50 |
(a) C&I loans as of June 30, 2021 include $3.8 billion in PPP loans which due to the government guarantee and forgiveness provisions are considered to have no credit risk and therefore have no allowance for loan and lease losses. (b) Balance, as adjusted, reflects the adoption of ASU 2016-13 (CECL) effective January 1, 2020.

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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