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Parent Company Financial Statements - Condensed Balance Sheet - Parent Company Only (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Assets        
Available-for-sale debt and other securities $ 39,547 $ 50,419    
Equity securities 341 613    
Goodwill 4,918 4,919 $ 4,915  
Other assets [1] 12,857 12,538    
Total Assets 212,927 214,574    
Liabilities        
Other short-term borrowings 4,450 2,861    
Accrued expenses and other liabilities [1] 4,902 4,861    
Long-term debt (external) [1] 14,337 16,380    
Total Liabilities 193,282 195,402    
Equity        
Common stock [2] 2,051 2,051    
Preferred stock [3] 2,116 2,116    
Capital surplus 3,804 3,757    
Retained earnings 24,150 22,997    
Accumulated other comprehensive loss (4,636) (4,487)    
Treasury stock [2] (7,840) (7,262)    
Total Equity 19,645 19,172 17,327 $ 22,210
Total Liabilities and Equity 212,927 214,574    
Parent Company        
Assets        
Cash 969 120 $ 120 $ 122
Other short-term investments 3,106 6,500    
Available-for-sale debt and other securities 2,500 1,000    
Equity securities 29 34    
Loans to nonbank subsidiaries 5 0    
Investment in nonbank subsidiaries 22,891 21,998    
Goodwill 80 80    
Other assets 156 179    
Total Assets 29,736 29,911    
Liabilities        
Other short-term borrowings 3 0    
Accrued expenses and other liabilities 567 631    
Long-term debt (external) 9,521 10,108    
Total Liabilities 10,091 10,739    
Equity        
Common stock 2,051 2,051    
Preferred stock 2,116 2,116    
Capital surplus 3,804 3,757    
Retained earnings 24,150 22,997    
Accumulated other comprehensive loss (4,636) (4,487)    
Treasury stock (7,840) (7,262)    
Total Equity 19,645 19,172    
Total Liabilities and Equity $ 29,736 $ 29,911    
[1] Includes $51 and $55 of other short-term investments, $1,000 and $1,573 of portfolio loans and leases, $(19) and $(28) of ALLL, $5 and $10 of other assets, $12 and $14 of other liabilities and $889 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2024 and 2023, respectively. For further information, refer to Note 12.
[2] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at December 31, 2024 – 669,853,830 (excludes 254,038,751 treasury shares), 2023 – 681,124,810 (excludes 242,767,771 treasury shares).
[3]
(c)500,000 shares of no par value preferred stock were authorized at both December 31, 2024 and 2023. There were 422,000 unissued shares of undesignated no par value preferred stock at both December 31, 2024 and 2023. Each issued share of no par value preferred stock has a liquidation preference of $25,000. 500,000 shares of no par value Class B preferred stock were authorized at both December 31, 2024 and 2023. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both December 31, 2024 and 2023. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.