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Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Credit Risk Profile of the Bancorp's Residential Mortgage and Consumer Portfolio Segments by Class (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Financing Receivable, Modifications          
Total portfolio loans and leases [1] $ 116,579   $ 116,579   $ 117,234
Residential Mortgage          
Financing Receivable, Modifications          
Residential mortgage loans 109 $ 124 109 $ 124 116
Residential Mortgage | Federal Housing Administration Loan          
Financing Receivable, Modifications          
Losses due to claim denials and curtailments 0 $ 1 1 $ 1  
Residential Mortgage | 30-89 days past due          
Financing Receivable, Modifications          
Residential mortgage loans         1
Residential Mortgage | 30-89 days past due | Federal Housing Administration Loan          
Financing Receivable, Modifications          
Total portfolio loans and leases 77   77   79
Residential Mortgage | 90 days or more past due | Federal Housing Administration Loan          
Financing Receivable, Modifications          
Total portfolio loans and leases 126   126   141
Residential Mortgage | Nonperforming          
Financing Receivable, Modifications          
Residential mortgage loans 2   2   2
Residential Mortgage | 30-89 days past due          
Financing Receivable, Modifications          
Residential mortgage loans 1   1    
Residential Mortgage | Residential mortgage loans          
Financing Receivable, Modifications          
Year One 788   788   995
Year Two 1,027   1,027   3,149
Year Three 3,060   3,060   5,014
Year Four 4,791   4,791   2,714
Year Five 2,594   2,594   949
Prior 4,671   4,671   4,089
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 16,931   16,931   16,910
Residential Mortgage | Residential mortgage loans | Performing | Current          
Financing Receivable, Modifications          
Year One 788   788   995
Year Two 1,025   1,025   3,139
Year Three 3,048   3,048   5,001
Year Four 4,775   4,775   2,703
Year Five 2,585   2,585   943
Prior 4,550   4,550   3,971
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 16,771   16,771   16,752
Residential Mortgage | Residential mortgage loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 1   1   3
Year Three 4   4   6
Year Four 5   5   5
Year Five 2   2   1
Prior 13   13   14
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 25   25   29
Residential Mortgage | Residential mortgage loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 1   1   1
Year Three 1   1   1
Year Four 2   2   1
Year Five 0   0   1
Prior 4   4   3
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 8   8   7
Residential Mortgage | Residential mortgage loans | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   6
Year Three 7   7   6
Year Four 9   9   5
Year Five 7   7   4
Prior 104   104   101
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 127   127   122
Consumer          
Financing Receivable, Modifications          
Total portfolio loans and leases 44,796   44,796   44,488
Consumer | Residential mortgage loans          
Financing Receivable, Modifications          
Total portfolio loans and leases 17,040   17,040   17,026
Consumer | Home equity          
Financing Receivable, Modifications          
Year One 63   63   84
Year Two 76   76   41
Year Three 38   38   2
Year Four 2   2   6
Year Five 5   5   11
Prior 104   104   100
Revolving Loans 3,618   3,618   3,624
Revolving Loans Converted to Term Loans 63   63   48
Total portfolio loans and leases 3,969   3,969   3,916
Consumer | Home equity | Performing | Current          
Financing Receivable, Modifications          
Year One 63   63   84
Year Two 76   76   41
Year Three 38   38   2
Year Four 2   2   6
Year Five 5   5   11
Prior 96   96   92
Revolving Loans 3,545   3,545   3,549
Revolving Loans Converted to Term Loans 57   57   46
Total portfolio loans and leases 3,882   3,882   3,831
Consumer | Home equity | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 1   1   2
Revolving Loans 21   21   25
Revolving Loans Converted to Term Loans 4   4   1
Total portfolio loans and leases 26   26   28
Consumer | Home equity | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 0   0   0
Consumer | Home equity | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 7   7   6
Revolving Loans 52   52   50
Revolving Loans Converted to Term Loans 2   2   1
Total portfolio loans and leases 61   61   57
Consumer | Indirect secured consumer loans          
Financing Receivable, Modifications          
Year One 3,439   3,439   4,152
Year Two 3,444   3,444   4,393
Year Three 3,721   3,721   3,974
Year Four 3,143   3,143   1,552
Year Five 1,122   1,122   612
Prior 573   573   282
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 15,442   15,442   14,965
Consumer | Indirect secured consumer loans | Performing | Current          
Financing Receivable, Modifications          
Year One 3,431   3,431   4,126
Year Two 3,415   3,415   4,333
Year Three 3,668   3,668   3,925
Year Four 3,104   3,104   1,527
Year Five 1,104   1,104   597
Prior 556   556   271
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 15,278   15,278   14,779
Consumer | Indirect secured consumer loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 7   7   22
Year Two 24   24   49
Year Three 40   40   40
Year Four 31   31   19
Year Five 14   14   12
Prior 12   12   8
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 128   128   150
Consumer | Indirect secured consumer loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 0   0   0
Consumer | Indirect secured consumer loans | Nonperforming          
Financing Receivable, Modifications          
Year One 1   1   4
Year Two 5   5   11
Year Three 13   13   9
Year Four 8   8   6
Year Five 4   4   3
Prior 5   5   3
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 36   36   36
Consumer | Credit card          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 1,733   1,733   1,865
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 1,733   1,733   1,865
Consumer | Credit card | Performing | Current          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 1,666   1,666   1,789
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 1,666   1,666   1,789
Consumer | Credit card | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 19   19   21
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 19   19   21
Consumer | Credit card | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 17   17   21
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 17   17   21
Consumer | Credit card | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 31   31   34
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 31   31   34
Consumer | Solar energy installation loans          
Financing Receivable, Modifications          
Year One 470   470   2,456
Year Two 2,267   2,267   1,228
Year Three 1,176   1,176   2
Year Four 2   2   0
Year Five 0   0   0
Prior 36   36   42
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 3,951   3,951   3,728
Consumer | Solar energy installation loans | Performing | Current          
Financing Receivable, Modifications          
Year One 469   469   2,415
Year Two 2,226   2,226   1,192
Year Three 1,140   1,140   2
Year Four 2   2   0
Year Five 0   0   0
Prior 35   35   41
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 3,872   3,872   3,650
Consumer | Solar energy installation loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 1   1   12
Year Two 6   6   6
Year Three 6   6   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 13   13   18
Consumer | Solar energy installation loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 0   0   0
Consumer | Solar energy installation loans | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   29
Year Two 35   35   30
Year Three 30   30   0
Year Four 0   0   0
Year Five 0   0   0
Prior 1   1   1
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 66   66   60
Consumer | Other consumer loans          
Financing Receivable, Modifications          
Year One 115   115   518
Year Two 441   441   724
Year Three 617   617   333
Year Four 275   275   249
Year Five 208   208   104
Prior 184   184   156
Revolving Loans 774   774   861
Revolving Loans Converted to Term Loans 47   47   43
Total portfolio loans and leases 2,661   2,661   2,988
Consumer | Other consumer loans | Performing | Current          
Financing Receivable, Modifications          
Year One 115   115   511
Year Two 435   435   703
Year Three 604   604   328
Year Four 271   271   246
Year Five 206   206   101
Prior 181   181   154
Revolving Loans 772   772   859
Revolving Loans Converted to Term Loans 45   45   41
Total portfolio loans and leases 2,629   2,629   2,943
Consumer | Other consumer loans | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 0   0   5
Year Two 4   4   15
Year Three 9   9   4
Year Four 3   3   2
Year Five 2   2   2
Prior 2   2   2
Revolving Loans 2   2   2
Revolving Loans Converted to Term Loans 1   1   1
Total portfolio loans and leases 23   23   33
Consumer | Other consumer loans | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 0   0   0
Year Three 0   0   0
Year Four 0   0   0
Year Five 0   0   0
Prior 0   0   0
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 0   0   0
Consumer | Other consumer loans | Nonperforming          
Financing Receivable, Modifications          
Year One 0   0   2
Year Two 2   2   6
Year Three 4   4   1
Year Four 1   1   1
Year Five 0   0   1
Prior 1   1   0
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 1   1   1
Total portfolio loans and leases 9   9   12
Residential Mortgage and Consumer          
Financing Receivable, Modifications          
Year One 4,875   4,875   8,205
Year Two 7,255   7,255   9,535
Year Three 8,612   8,612   9,325
Year Four 8,213   8,213   4,521
Year Five 3,929   3,929   1,676
Prior 5,568   5,568   4,669
Revolving Loans 6,125   6,125   6,350
Revolving Loans Converted to Term Loans 110   110   91
Total portfolio loans and leases 44,687   44,687   44,372
Residential Mortgage and Consumer | Performing | Current          
Financing Receivable, Modifications          
Year One 4,866   4,866   8,131
Year Two 7,177   7,177   9,408
Year Three 8,498   8,498   9,258
Year Four 8,154   8,154   4,482
Year Five 3,900   3,900   1,652
Prior 5,418   5,418   4,529
Revolving Loans 5,983   5,983   6,197
Revolving Loans Converted to Term Loans 102   102   87
Total portfolio loans and leases 44,098   44,098   43,744
Residential Mortgage and Consumer | Performing | 30-89 days past due          
Financing Receivable, Modifications          
Year One 8   8   39
Year Two 35   35   73
Year Three 59   59   50
Year Four 39   39   26
Year Five 18   18   15
Prior 28   28   26
Revolving Loans 42   42   48
Revolving Loans Converted to Term Loans 5   5   2
Total portfolio loans and leases 234   234   279
Residential Mortgage and Consumer | Performing | 90 days or more past due          
Financing Receivable, Modifications          
Year One 0   0   0
Year Two 1   1   1
Year Three 1   1   1
Year Four 2   2   1
Year Five 0   0   1
Prior 4   4   3
Revolving Loans 17   17   21
Revolving Loans Converted to Term Loans 0   0   0
Total portfolio loans and leases 25   25   28
Residential Mortgage and Consumer | Nonperforming          
Financing Receivable, Modifications          
Year One 1   1   35
Year Two 42   42   53
Year Three 54   54   16
Year Four 18   18   12
Year Five 11   11   8
Prior 118   118   111
Revolving Loans 83   83   84
Revolving Loans Converted to Term Loans 3   3   2
Total portfolio loans and leases $ 330   $ 330   $ 321
[1] Includes $52 and $55 of other short-term investments, $1,272 and $1,573 of portfolio loans and leases, $(23) and $(28) of ALLL, $7 and $10 of other assets, $13 and $14 of other liabilities and $1,136 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 11.