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v3.21.2

Allowance for Credit Losses - Rollforward of Allowance for Credit Losses (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Beginning balance | $ 815 | $ 538 | $ 963 | $ 307 |
Charge-offs | (19) | (78) | (48) | (115) |
Recoveries | 16 | 11 | 47 | 24 |
Provision for credit losses | (85) | 227 | (245) | 502 |
Ending balance | 734 | 988 | 734 | 988 |
Loans and leases | 55,435 |  | 55,435 |  | $ 58,232
Financial Asset Acquired with Credit Deterioration |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Initial allowance on loans purchased with credit deterioration |  | 287 |  | 287 |
Funded commitment |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Provision for credit losses | (78) | 230 | (228) | 485 |
Unfunded commitment |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Beginning balance | 75 | 51 | 85 | 31 |
Initial reserve on loans acquired |  | 41 |  | 41 |
Provision for credit losses | (7) | (3) | (17) | 17 |
Ending balance | 68 | 89 | 68 | 89 |
Commercial | Commercial and industrial |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Beginning balance | 385 | 319 | 453 | 142 |
Charge-offs | (11) | (69) | (27) | (95) |
Recoveries | 7 | 3 | 18 | 5 |
Ending balance | 374 | 489 | 374 | 489 |
Loans and leases | 31,516 |  | 31,516 |  | 33,104
Commercial | Commercial and industrial | Financial Asset Acquired with Credit Deterioration |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Initial allowance on loans purchased with credit deterioration |  | 138 |  | 138 |
Commercial | Commercial and industrial | Paycheck Protection Plan |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Loans and leases | 2,000 |  | 2,000 |  | 4,100
Commercial | Commercial and industrial | Funded commitment |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Provision for credit losses | (7) | 98 | (70) | 299 |
Commercial | Commercial and industrial | Unfunded commitment |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Beginning balance | 57 | 37 | 65 | 21 |
Initial reserve on loans acquired |  | 12 |  | 12 |
Provision for credit losses | (8) | (2) | (16) | 14 |
Ending balance | 49 | 47 | 49 | 47 |
Commercial | Commercial Real Estate |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Beginning balance | 210 | 57 | 242 | 29 |
Charge-offs | (2) | (4) | (5) | (4) |
Recoveries | 2 | 2 | 5 | 3 |
Ending balance | 162 | 208 | 162 | 208 |
Loans and leases | 12,194 |  | 12,194 |  | 12,275
Commercial | Commercial Real Estate | Financial Asset Acquired with Credit Deterioration |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Initial allowance on loans purchased with credit deterioration |  | 100 |  | 100 |
Commercial | Commercial Real Estate | Funded commitment |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Provision for credit losses | (48) | 53 | (80) | 80 |
Commercial | Commercial Real Estate | Unfunded commitment |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Beginning balance | 9 | 6 | 10 | 4 |
Initial reserve on loans acquired |  | 26 |  | 26 |
Provision for credit losses | 1 | (1) | 0 | 1 |
Ending balance | 10 | 31 | 10 | 31 |
Consumer |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Loans and leases | 10,787 |  | 10,787 |  | 11,725
Consumer | Consumer Real Estate |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Beginning balance | 203 | 144 | 242 | 121 |
Charge-offs | (1) | (2) | (5) | (6) |
Recoveries | 7 | 5 | 21 | 13 |
Ending balance | 179 | 265 | 179 | 265 |
Loans and leases | 10,787 |  | 10,787 |  | 11,725
Consumer | Consumer Real Estate | Financial Asset Acquired with Credit Deterioration |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Initial allowance on loans purchased with credit deterioration |  | 44 |  | 44 |
Consumer | Consumer Real Estate | Funded commitment |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Provision for credit losses | (30) | 74 | (79) | 93 |
Consumer | Consumer Real Estate | Unfunded commitment |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Beginning balance | 9 | 8 | 10 | 6 |
Initial reserve on loans acquired |  | 3 |  | 3 |
Provision for credit losses | 0 | 0 | (1) | 2 |
Ending balance | 9 | 11 | 9 | 11 |
Consumer | Credit Card and Other |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Beginning balance | 17 | 18 | 26 | 15 |
Charge-offs | (5) | (3) | (11) | (10) |
Recoveries | 0 | 1 | 3 | 3 |
Ending balance | 19 | 26 | 19 | 26 |
Loans and leases | 938 |  | 938 |  | $ 1,128
Consumer | Credit Card and Other | Financial Asset Acquired with Credit Deterioration |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Initial allowance on loans purchased with credit deterioration |  | 5 |  | 5 |
Consumer | Credit Card and Other | Funded commitment |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Provision for credit losses | 7 | 5 | 1 | 13 |
Consumer | Credit Card and Other | Unfunded commitment |  |  |  |  |
Allowance for Loan and Lease Losses [Roll Forward] |  |  |  |  |
Beginning balance | 0 | 0 | 0 | 0 |
Initial reserve on loans acquired |  | 0 |  | 0 |
Provision for credit losses | 0 | 0 | 0 | 0 |
Ending balance | $ 0 | $ 0 | $ 0 | $ 0 |

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- Definition Amount excluding accrued interest, of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124255206&loc=SL82895884-210446 + Details
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