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Cash and Cash Equivalents and Securities (Tables)
 3 Months Ended
Mar. 31, 2020
Cash and Cash Equivalents [Abstract]  
Available-for-Sale and Held-to-Maturity Debt Securities Gains (Losses)
The amortized cost, ACL, gross unrealized gains and losses, and fair value of People’s United’s debt securities available-for-sale and debt securities held-to-maturity are as follows:
As of March 31, 2020 (in millions)Amortized
Cost		ACL (1)Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Debt securities available-for-sale:
U.S. Treasury and agency$731.3  $—  $15.9  $—  $747.2  
GSE (2) mortgage-backed and
CMO (3) securities		3,425.1  —  104.4  (0.1) 3,529.4  
Total debt securities
available-for-sale		$4,156.4  $—  $120.3  $(0.1) $4,276.6  
Debt securities held-to-maturity:
State and municipal$2,574.9  $0.1  $151.4  $(1.5) $2,724.9  
GSE mortgage-backed securities1,190.8  —  49.7  —  1,240.5  
Corporate96.2  1.8  1.6  (1.3) 98.3  
Other1.5  —  —  —  1.5  
Total debt securities
held-to-maturity		$3,863.4  $1.9  $202.7  $(2.8) $4,065.2  
 
(1)As discussed in Note 15, beginning January 1, 2020, an ACL is required to be recognized 
(as appropriate) for debt securities.
(2)Government sponsored enterprise
(3)Collateralized mortgage obligation
As of December 31, 2019 (in millions)
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Debt securities available-for-sale:
U.S. Treasury and agency$689.5  $0.4  $(2.8) $687.1  
GSE mortgage-backed and CMO securities2,856.3  25.0  (4.1) 2,877.2  
Total debt securities available-for-sale$3,545.8  $25.4  $(6.9) $3,564.3  
Debt securities held-to-maturity:
State and municipal$2,503.9  $142.0  $(0.4) $2,645.5  
GSE mortgage-backed securities1,271.4  8.0  (0.3) 1,279.1  
Corporate92.4  1.5  —  93.9  
Other1.5  —  —  1.5  
Total debt securities held-to-maturity$3,869.2  $151.5  $(0.7) $4,020.0  
Summary of debt securities, held to maturity, credit quality The table below indicates the credit profile of the Company's debt securities held-to-maturity at amortized cost:
As of March 31, 2020 (in millions) Investment GradeNon-Investment GradeTotal
State and municipal  $2,574.5  $0.4  $2,574.9  
GSE mortgage-backed securities  1,190.8  —  1,190.8  
Corporate  91.2  5.0  96.2  
Other  1.5  —  1.5  
Total  $3,858.0  $5.4  $3,863.4  
Continuous Unrealized Loss Position on Available-for-Sale and Held-to-Maturity Securities
The following table summarizes those debt securities available-for-sale with unrealized losses at March 31, 2020, classified as to the length of time the losses have existed and, for which no ACL has been recognized:
 Continuous Unrealized Loss Position  
 Less Than 12 Months12 Months Or LongerTotal
As of March 31, 2020 (in millions)
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Debt securities available-for-sale:
GSE mortgage-backed and CMO
securities		$10.9  $(0.1) $—  $—  $10.9  $(0.1) 
Total $10.9  $(0.1) $—  $—  $10.9  $(0.1) 
The following table summarizes those debt securities with unrealized losses at December 31, 2019, classified as to the length of time the unrealized losses have existed. Certain unrealized losses totaled less than $0.1 million.
Continuous Unrealized Loss Position
Less Than 12 Months12 Months Or LongerTotal
As of December 31, 2019 (in millions)
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Debt securities available-for-sale:
GSE mortgage-backed and CMO
securities		$565.4  $(3.1) $509.3  $(1.0) $1,074.7  $(4.1) 
U.S. Treasury and agency181.0  (0.4) 362.4  (2.4) 543.4  (2.8) 
Total debt securities available-for-sale$746.4  $(3.5) $871.7  $(3.4) $1,618.1  $(6.9) 
Debt securities held-to-maturity:
GSE mortgage-backed securities$100.9  $(0.3) $9.1  $—  $110.0  $(0.3) 
State and municipal33.0  (0.2) 11.4  (0.2) 44.4  (0.4) 
Corporate3.5  —  8.6  —  12.1  —  
Total debt securities held-to-maturity$137.4  $(0.5) $29.1  $(0.2) $166.5  $(0.7) 
Summary of Amortized Cost and Fair Value of Debt Securities Based on Remaining Period to Contractual Maturity
The following table is a summary of the amortized cost and fair value of debt securities as of March 31, 2020, based on remaining period to contractual maturity. Information for GSE mortgage-backed and CMO securities is based on the final contractual maturity dates without considering repayments and prepayments.
 Available-for-SaleHeld-to-Maturity
(in millions)
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
U.S. Treasury and agency:
Within 1 year$200.8  $201.4  $—  $—  
After 1 but within 5 years 530.5  545.8  —  —  
Total731.3  747.2  —  —  
GSE mortgage-backed and CMO securities:
After 1 but within 5 years83.2  87.3  841.2  879.3  
After 5 but within 10 years880.8  918.9  77.5  82.4  
After 10 years2,461.1  2,523.2  272.1  278.8  
Total3,425.1  3,529.4  1,190.8  1,240.5  
State and municipal:
Within 1 year—  —  10.0  10.0  
After 1 but within 5 years—  —  245.5  254.3  
After 5 but within 10 years—  —  471.4  499.4  
After 10 years—  —  1,848.0  1,961.2  
Total—  —  2,574.9  2,724.9  
Corporate:
Within 1 year—  —  5.0  5.0  
After 1 but within 5 years—  —  2.5  2.5  
After 5 but within 10 years—  —  88.7  90.8  
Total—  —  96.2  98.3  
Other:
Within 1 year—  —  1.5  1.5  
Total—  —  1.5  1.5  
Total:
Within 1 year200.8  201.4  16.5  16.5  
After 1 but within 5 years613.7  633.1  1089.2  1,136.1  
After 5 but within 10 years880.8  918.9  637.6  672.6  
After 10 years2,461.1  2,523.2  2,120.1  2,240.0  
Total$4,156.4  $4,276.6  $3,863.4  $4,065.2