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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Assets And Liabilities Recorded At Fair Value On A Recurring Basis
The following tables present the recorded amount of assets and liabilities measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024.
(in millions)TotalLevel 1Level 2Level 3
March 31, 2025
Deferred compensation plan assets$86 $86 $— $— 
Equity securities46 46 — — 
Investment securities available-for-sale:
U.S. Treasury securities1,287 1,287 — — 
Residential mortgage-backed securities (a)9,022 — 9,022 — 
Commercial mortgage-backed securities (a)4,793 — 4,793 — 
Total investment securities available-for-sale15,102 1,287 13,815 — 
Derivative assets:
Interest rate contracts158 — 158 — 
Energy contracts577 — 577 — 
Foreign exchange contracts40 — 40 — 
Total derivative assets775 — 775 — 
Total assets at fair value$16,009 $1,419 $14,590 $— 
Derivative liabilities:
Interest rate contracts$249 $— $249 $— 
Energy contracts562 — 562 — 
Foreign exchange contracts36 — 36 — 
Other financial derivative liabilities8 — — 8 
Total derivative liabilities855 — 847 8 
Deferred compensation plan liabilities88 88 — — 
Total liabilities at fair value$943 $88 $847 $8 
December 31, 2024
Deferred compensation plan assets$89 $89 $— $— 
Equity securities46 46 — — 
Investment securities available-for-sale:
U.S. Treasury securities1,277 1,277 — — 
Residential mortgage-backed securities (a)9,076 — 9,076 — 
Commercial mortgage-backed securities (a)4,692 — 4,692 — 
Total investment securities available-for-sale15,045 1,277 13,768 — 
Derivative assets:
Interest rate contracts177 — 177 — 
Energy contracts416 — 416 — 
Foreign exchange contracts73 — 73 — 
Total derivative assets666 — 666 — 
Total assets at fair value$15,846 $1,412 $14,434 $— 
Derivative liabilities:
Interest rate contracts$335 $— $335 $— 
Energy contracts400 — 400 — 
Foreign exchange contracts59 — 59 — 
Other financial derivative liabilities6 — — 6 
Total derivative liabilities800 — 794 6 
Deferred compensation plan liabilities91 91 — — 
Total liabilities at fair value$891 $91 $794 $6 
(a)Issued and/or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises.
Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis
The following table summarizes the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the three-month periods ended March 31, 2025 and 2024.
Net Realized/Unrealized Losses (Pretax) Recorded in Earnings (a)
(in millions)Balance at Beginning of PeriodRealizedUnrealizedBalance at End of Period
Three Months Ended March 31, 2025
Derivative liabilities:
Other financial derivative liabilities$(6)$— $(2)$(8)
Three Months Ended March 31, 2024
Derivative liabilities:
Other financial derivative liabilities$(12)$— $— $(12)
(a)Realized and unrealized gains and losses due to changes in fair value are recorded in other noninterest income on the Consolidated Statements of Comprehensive Income.
Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis
The following table presents assets recorded at fair value on a nonrecurring basis at March 31, 2025 and December 31, 2024. No liabilities were recorded at fair value on a nonrecurring basis at March 31, 2025 and December 31, 2024.
(in millions)Level 3
March 31, 2025
Loans:
Commercial$56 
Real estate construction18 
Commercial mortgage85 
Total loans159 
Loans held-for-sale221 
Other real estate15 
Total assets at fair value$395 
December 31, 2024
Loans:
Commercial$69 
Commercial mortgage86 
Residential mortgage3 
Total loans158 
Loans held-for-sale216 
Other real estate3 
Total assets at fair value$377 
Estimated Fair Values Of Financial Instruments Not Recorded At Fair Value In Their Entirety On A Recurring Basis
The carrying amount and estimated fair value of financial instruments not recorded at fair value in their entirety on a recurring basis on the Corporation’s Consolidated Balance Sheets are as follows:
 Carrying
Amount		Estimated Fair Value
(in millions)TotalLevel 1Level 2Level 3
March 31, 2025
Assets
Cash and due from banks$1,083 $1,083 $1,083 $— $— 
Interest-bearing deposits with banks4,709 4,709 4,709 — — 
Other short-term investments21 21 21 — — 
Total loans, net of allowance for loan losses (a)49,229 48,739 — — 48,739 
Liabilities
Demand deposits
57,332 57,332 — 57,332 — 
Time deposits
4,173 4,204 — 4,204 — 
Total deposits61,505 61,536 — 61,536 — 
Short-term borrowings1,225 1,225 1,225 — — 
Medium- and long-term debt5,733 5,811 — 5,811 — 
Credit-related financial instruments(63)(63)— — (63)
December 31, 2024
Assets
Cash and due from banks$850 $850 $850 $— $— 
Interest-bearing deposits with banks5,954 5,954 5,954 — — 
Other short-term investments 21 21 21 — — 
Total loans, net of allowance for loan losses (a)49,849 49,436 — — 49,436 
Liabilities
Demand deposits
59,277 59,277 — 59,277 — 
Time deposits
4,534 4,555 — 4,555 — 
Total deposits63,811 63,832 — 63,832 — 
Medium- and long-term debt6,673 6,780 — 6,780 — 
Credit-related financial instruments(64)(64)— — (64)
(a)Included $159 million and $158 million of loans recorded at fair value on a nonrecurring basis at March 31, 2025 and December 31, 2024, respectively.