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Allowance for Credit Losses (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 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 July 1, 2021 |  | $ | 385 |  |  | $ | 210 |  |  | $ | 203 |  |  | $ | 17 |  |  | $ | 815 |
Charge-offs |  | (11) |  |  | (2) |  |  | (1) |  |  | (5) |  |  | (19) |
Recoveries |  | 7 |  |  | 2 |  |  | 7 |  |  | — |  |  | 16 |
Provision for loan and lease losses |  | (7) |  |  | (48) |  |  | (30) |  |  | 7 |  |  | (78) |
Balance as of September 30, 2021 |  | $ | 374 |  |  | $ | 162 |  |  | $ | 179 |  |  | $ | 19 |  |  | $ | 734 |
Balance as of July 1, 2020 |  | $ | 319 |  |  | $ | 57 |  |  | $ | 144 |  |  | $ | 18 |  |  | $ | 538 |
Initial allowance on loans purchased with credit deterioration |  | 138 |  |  | 100 |  |  | 44 |  |  | 5 |  |  | 287 |
Charge-offs |  | (69) |  |  | (4) |  |  | (2) |  |  | (3) |  |  | (78) |
Recoveries |  | 3 |  |  | 2 |  |  | 5 |  |  | 1 |  |  | 11 |
Provision for loan losses |  | 98 |  |  | 53 |  |  | 74 |  |  | 5 |  |  | 230 |
Balance as of September 30, 2020 |  | $ | 489 |  |  | $ | 208 |  |  | $ | 265 |  |  | $ | 26 |  |  | $ | 988 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2021 |  | $ | 57 |  |  | $ | 9 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 75 |
Provision for remaining unfunded commitments |  | (8) |  |  | 1 |  |  | — |  |  | — |  |  | (7) |
Balance as of September 30, 2021 |  | $ | 49 |  |  | $ | 10 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 68 |
Balance as of July 1, 2020 |  | $ | 37 |  |  | $ | 6 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 51 |
Initial reserve on loans acquired |  | 12 |  |  | 26 |  |  | 3 |  |  | — |  |  | 41 |
Provision for remaining unfunded commitments |  | (2) |  |  | (1) |  |  | — |  |  | — |  |  | (3) |
Balance as of September 30, 2020 |  | $ | 47 |  |  | $ | 31 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 89 |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 |  | $ | 453 |  |  | $ | 242 |  |  | $ | 242 |  |  | $ | 26 |  |  | $ | 963 |
Charge-offs |  | (27) |  |  | (5) |  |  | (5) |  |  | (11) |  |  | (48) |
Recoveries |  | 18 |  |  | 5 |  |  | 21 |  |  | 3 |  |  | 47 |
Provision for loan and lease losses |  | (70) |  |  | (80) |  |  | (79) |  |  | 1 |  |  | (228) |
Balance as of September 30, 2021 |  | $ | 374 |  |  | $ | 162 |  |  | $ | 179 |  |  | $ | 19 |  |  | $ | 734 |
Balance as of January 1, 2020, as adjusted (b) |  | $ | 142 |  |  | $ | 29 |  |  | $ | 121 |  |  | $ | 15 |  |  | $ | 307 |
Initial allowance on loans purchased with credit deterioration |  | 138 |  |  | 100 |  |  | 44 |  |  | 5 |  |  | 287 |
Charge-offs |  | (95) |  |  | (4) |  |  | (6) |  |  | (10) |  |  | (115) |
Recoveries |  | 5 |  |  | 3 |  |  | 13 |  |  | 3 |  |  | 24 |
Provision for loan and lease losses |  | 299 |  |  | 80 |  |  | 93 |  |  | 13 |  |  | 485 |
Balance as of September 30, 2020 |  | $ | 489 |  |  | $ | 208 |  |  | $ | 265 |  |  | $ | 26 |  |  | $ | 988 |
Reserve for remaining unfunded commitments: |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 |  | $ | 65 |  |  | $ | 10 |  |  | $ | 10 |  |  | $ | — |  |  | $ | 85 |
Provision for remaining unfunded commitments |  | (16) |  |  | — |  |  | (1) |  |  | — |  |  | (17) |
Balance as of September 30, 2021 |  | $ | 49 |  |  | $ | 10 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 68 |
Balance as of January 1, 2020, as adjusted (b) |  | $ | 21 |  |  | $ | 4 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 31 |
Initial reserve on loans acquired |  | 12 |  |  | 26 |  |  | 3 |  |  | — |  |  | 41 |
Provision for remaining unfunded commitments |  | 14 |  |  | 1 |  |  | 2 |  |  | — |  |  | 17 |
Balance as of September 30, 2020 |  | $ | 47 |  |  | $ | 31 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 89 |
(a) C&I loans as of September 30, 2021 include $2.0 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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