Fair Value (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value By Class On A Recurring Basis

(In millions)	December 31, 2019
	Level 1		Level 2		Level 3		Total
ASSETS
Investment securities:
Available-for-sale:
U.S. Treasury, agencies and corporations	$	25	$	12,356	$	—	$	12,381
Municipal securities			1,319				1,319
Other debt securities			25				25
Total Available-for-sale	25		13,700		—		13,725
Trading account	65		117				182
Other noninterest-bearing investments:
Bank-owned life insurance			525				525
Private equity investments1	9				107		116
Other assets:
Agriculture loan servicing and interest-only strips					18		18
Deferred compensation plan assets	113						113
Derivatives:
Derivatives not designated as hedges:
Customer-facing interest rate			146				146
Other interest rate			3				3
Foreign exchange	4						4
Total Assets	$	216	$	14,491	$	125	$	14,832
LIABILITIES
Securities sold, not yet purchased	$	66	$	—	$	—	$	66
Other liabilities:
Deferred compensation plan obligations	113						113
Derivatives:
Derivatives not designated as hedges:
Customer-facing interest rate			14				14
Other interest rate			1				1
Foreign exchange	4						4
Total Liabilities	$	183	$	15	$	—	$	198

¹ The level 1 PEIs amount relates to the portion of our SBIC investments that are now publicly traded.

(In millions)	December 31, 2018
	Level 1		Level 2		Level 3		Total
ASSETS
Investment securities:
Available-for-sale:
U.S. Treasury, agencies and corporations	$	40	$	13,385	$	—	$	13,425
Municipal securities			1,291				1,291
Other debt securities			21				21
Total Available-for-sale	40		14,697		—		14,737
Trading account	14		92				106
Other noninterest-bearing investments:
Bank-owned life insurance			516				516
Private equity investments					102		102
Other assets:
Agriculture loan servicing and interest-only strips					18		18
Deferred compensation plan assets	95						95
Derivatives:
Derivatives not designated as hedges:
Customer-facing interest rate			40				40
Other interest rate			1				1
Foreign exchange	4						4
Total Assets	$	153	$	15,346	$	120	$	15,619
LIABILITIES
Securities sold, not yet purchased	$	85	$	—	$	—	$	85
Other liabilities:
Deferred compensation plan obligations	95						95
Derivatives:
Derivatives not designated as hedges:
Customer-facing interest rate			36				36
Other interest rate			1				1
Foreign exchange	2						2
Total Liabilities	$	182	$	37	$	—	$	219

Schedule Of Assets And Liabilities Measured At Fair Value By Class On A Recurring Basis Using Level 3 Inputs

	Level 3 Instruments
	December 31, 2019				December 31, 2018
(In millions)	Private equity investments		Ag loan svcg and int-only strips		Private equity investments		Ag loan svcg and int-only strips
Balance at beginning of year	$	102	$	18	$	95	$	18
Securities gains, net	2		—		2		—
Other noninterest income	—		1		—		1
Purchases	10		—		11		—
Redemptions and paydowns	—		(1)		(6)		(1)
Transfers out1	(7)		—		—		—
Balance at end of year	$	107	$	18	$	102	$	18

Schedule Of Realized Gains (Losses) Using Level 3 Inputs

(In millions)	Year Ended December 31,
	2019		2018
Securities gains (losses), net	$	(9)	$	(1)

Schedule Of Assets With Fair Value Changes On Nonrecurring Basis

(In millions)	Fair value at December 31, 2019								Gains (losses) from fair value changes Year Ended December 31, 2019
	Level 1		Level 2		Level 3		Total
ASSETS
Private equity investments, carried at cost	$	—	$	—	$	1	$	1	$	(1)
Impaired loans	—		—		—		—		—
Other real estate owned	—		—		—		—		(1)
Total	$	—	$	—	$	1	$	1	$	(2)

(In millions)	Fair value at December 31, 2018								Gains (losses) from fair value changes Year Ended December 31, 2018
	Level 1		Level 2		Level 3		Total
ASSETS
Private equity investments, carried at cost	$	—	$	—	$	1	$	1	$	—
Impaired loans	—		32		—		32		(13)
Other real estate owned	—		—		—		—		(1)
Total	$	—	$	32	$	1	$	33	$	(14)

Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments

	December 31, 2019					December 31, 2018
(In millions)	Carrying value		Estimated fair value		Level	Carrying value		Estimated fair value		Level
Financial assets:
Held-to-maturity investment securities	$	592	$	597	2	$	774	$	767	2
Loans and leases (including loans held for sale), net of allowance	48,343		47,958		3	46,312		45,251		3
Financial liabilities:
Time deposits	4,719		4,725		2	4,336		4,319		2
Long-term debt	1,723		1,751		2	724		727		2