XML 72 R54.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Business Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Segment Reporting [Abstract] |
Business Segment Financial Results | Business segment financial results are as follows:
(dollar amounts in millions) | Commercial Bank |  | Retail Bank |  | Wealth Management |  | Finance |  | Other |  | Total
Year Ended December 31, 2021
Earnings summary: |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) | $ | 1,577 |  |  | $ | 565 |  |  | $ | 166 |  |  | $ | (471) |  |  | $ | 7 |  |  | $ | 1,844 |
Provision for credit losses | (346) |  |  | (5) |  |  | (32) |  |  | — |  |  | (1) |  |  | (384) |
Noninterest income | 663 |  |  | 123 |  |  | 279 |  |  | 41 |  |  | 17 |  |  | 1,123 |
Noninterest expenses | 873 |  |  | 645 |  |  | 317 |  |  | 1 |  |  | 25 |  |  | 1,861 |
Provision (benefit) for income taxes | 384 |  |  | 5 |  |  | 36 |  |  | (100) |  |  | (3) |  |  | 322 |
Net income (loss) | $ | 1,329 |  |  | $ | 43 |  |  | $ | 124 |  |  | $ | (331) |  |  | $ | 3 |  |  | $ | 1,168 |
Net credit-related (recoveries) charge-offs | $ | (12) |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (10) |
Selected average balances: |  |  |  |  |  |  |  |  |  |  |
Assets | $ | 43,874 |  |  | $ | 3,213 |  |  | $ | 5,028 |  |  | $ | 17,705 |  |  | $ | 20,332 |  |  | $ | 90,152 |
Loans | 41,804 |  |  | 2,382 |  |  | 4,903 |  |  | — |  |  | (6) |  |  | 49,083 |
Deposits | 45,587 |  |  | 25,682 |  |  | 5,218 |  |  | 965 |  |  | 229 |  |  | 77,681 |
Statistical data: |  |  |  |  |  |  |  |  |  |  |
Return on average assets (a) | 2.71 | % |  | 0.16 | % |  | 2.24 | % |  | n/m |  | n/m |  | 1.30 | %
Efficiency ratio (b) | 38.98 |  |  | 92.98 |  |  | 71.02 |  |  | n/m |  | n/m |  | 62.60 |
Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |
Earnings summary: |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) | $ | 1,607 |  |  | $ | 503 |  |  | $ | 167 |  |  | $ | (384) |  |  | $ | 18 |  |  | $ | 1,911 |
Provision for credit losses | 495 |  |  | 7 |  |  | 35 |  |  | — |  |  | — |  |  | 537 |
Noninterest income | 555 |  |  | 110 |  |  | 263 |  |  | 55 |  |  | 18 |  |  | 1,001 |
Noninterest expenses (c) | 815 |  |  | 607 |  |  | 295 |  |  | 2 |  |  | 35 |  |  | 1,754 |
Provision (benefit) for income taxes (c) | 184 |  |  | (3) |  |  | 22 |  |  | (78) |  |  | (1) |  |  | 124 |
Net income (loss) (c) | $ | 668 |  |  | $ | 2 |  |  | $ | 78 |  |  | $ | (253) |  |  | $ | 2 |  |  | $ | 497 |
Net credit-related charge-offs | $ | 192 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 196 |
Selected average balances: |  |  |  |  |  |  |  |  |  |  |
Assets | $ | 45,603 |  |  | $ | 3,281 |  |  | $ | 5,162 |  |  | $ | 15,418 |  |  | $ | 11,682 |  |  | $ | 81,146 |
Loans | 44,123 |  |  | 2,468 |  |  | 5,045 |  |  | — |  |  | (5) |  |  | 51,631 |
Deposits | 36,603 |  |  | 22,832 |  |  | 4,402 |  |  | 1,026 |  |  | 175 |  |  | 65,038 |
Statistical data: |  |  |  |  |  |  |  |  |  |  |
Return on average assets (a), (c) | 1.47 | % |  | — | % |  | 1.51 | % |  | n/m |  | n/m |  | 0.61 | %
Efficiency ratio (b), (c) | 37.70 |  |  | 98.52 |  |  | 68.47 |  |  | n/m |  | n/m |  | 60.13 |
(Table continues on following page)
(dollar amounts in millions) | Commercial Bank |  | Retail Bank |  | Wealth Management |  | Finance |  | Other |  | Total
Year Ended December 31, 2019
Earnings summary: |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) | $ | 1,655 |  |  | $ | 568 |  |  | $ | 183 |  |  | $ | (123) |  |  | $ | 56 |  |  | $ | 2,339 |
Provision for credit losses | 88 |  |  | (4) |  |  | (14) |  |  | — |  |  | 4 |  |  | 74 |
Noninterest income | 555 |  |  | 132 |  |  | 270 |  |  | 41 |  |  | 12 |  |  | 1,010 |
Noninterest expenses (c) | 793 |  |  | 594 |  |  | 282 |  |  | 1 |  |  | 67 |  |  | 1,737 |
Provision (benefit) for income taxes (c) | 307 |  |  | 25 |  |  | 44 |  |  | (26) |  |  | (14) |  |  | 336 |
Net income (loss) (c) | $ | 1,022 |  |  | $ | 85 |  |  | $ | 141 |  |  | $ | (57) |  |  | $ | 11 |  |  | $ | 1,202 |
Net credit-related charge-offs (recoveries) | $ | 111 |  |  | $ | 1 |  |  | $ | (5) |  |  | $ | — |  |  | $ | — |  |  | $ | 107 |
Selected average balances: |  |  |  |  |  |  |  |  |  |  |
Assets | $ | 44,946 |  |  | $ | 2,852 |  |  | $ | 5,083 |  |  | $ | 13,903 |  |  | $ | 4,704 |  |  | $ | 71,488 |
Loans | 43,477 |  |  | 2,104 |  |  | 4,935 |  |  | — |  |  | (5) |  |  | 50,511 |
Deposits | 29,047 |  |  | 20,743 |  |  | 3,833 |  |  | 1,673 |  |  | 185 |  |  | 55,481 |
Statistical data: |  |  |  |  |  |  |  |  |  |  |
Return on average assets (a), (c) | 2.28 | % |  | 0.40 | % |  | 2.78 | % |  | n/m |  | n/m |  | 1.68 | %
Efficiency ratio (b), (c) | 35.87 |  |  | 84.16 |  |  | 62.15 |  |  | n/m |  | n/m |  | 51.65 |
(a)Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity. (b)Noninterest expenses as a percentage of the sum of net interest income and noninterest income excluding net losses from securities and a derivative contract tied to the conversion rate of Visa Class B shares. (c)See Defined Benefit Pension and Other Postretirement Costs in Note 1. n/m – not meaningful

X
- 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=123359005&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=123359005&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration