XML 62 R52.htm IDEA: XBRL DOCUMENT v3.24.3
Loans and Allowance for Credit Losses - Activity in Allowance for Credit Losses (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period $ 7,934 $ 7,695 $ 7,839 $ 7,404
Allowance for acquired credit losses       127
Provision for credit losses 557 515 1,678 1,763
Loans charged-off 669 508 1,916 1,732
Less recoveries of loans charged-off (105) (88) (326) (290)
Net loan charge-offs (recoveries) 564 420 1,590 1,442
Balance at end of period 7,927 7,790 7,927 7,790
Add        
Allowance for acquired credit losses       127
Provision for credit losses 557 515 1,678 1,763
Deduct        
Loans charged-off 669 508 1,916 1,732
Less recoveries of loans charged-off (105) (88) (326) (290)
Net loan charge-offs (recoveries) 564 420 1,590 1,442
Change in accounting principle        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period       (62)
Commercial | Commercial        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period 2,180 2,209 2,119 2,163
Allowance for acquired credit losses       0
Provision for credit losses 155 (14) 475 169
Loans charged-off 165 110 484 283
Less recoveries of loans charged-off (18) (18) (78) (54)
Net loan charge-offs (recoveries) 147 92 406 229
Balance at end of period 2,188 2,103 2,188 2,103
Add        
Allowance for acquired credit losses       0
Provision for credit losses 155 (14) 475 169
Deduct        
Loans charged-off 165 110 484 283
Less recoveries of loans charged-off (18) (18) (78) (54)
Net loan charge-offs (recoveries) 147 92 406 229
Commercial | Commercial | Change in accounting principle        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period       0
Commercial | Commercial real estate        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period 1,596 1,473 1,620 1,325
Allowance for acquired credit losses       127
Provision for credit losses 49 266 82 430
Loans charged-off 80 51 152 205
Less recoveries of loans charged-off (10) (2) (25) (13)
Net loan charge-offs (recoveries) 70 49 127 192
Balance at end of period 1,575 1,690 1,575 1,690
Add        
Allowance for acquired credit losses       127
Provision for credit losses 49 266 82 430
Deduct        
Loans charged-off 80 51 152 205
Less recoveries of loans charged-off (10) (2) (25) (13)
Net loan charge-offs (recoveries) 70 49 127 192
Commercial | Commercial real estate | Change in accounting principle        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period       0
Consumer | Residential mortgages        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period 836 899 827 926
Allowance for acquired credit losses       0
Provision for credit losses (36) (49) (31) 68
Loans charged-off 3 1 10 126
Less recoveries of loans charged-off (6) (4) (17) (16)
Net loan charge-offs (recoveries) (3) (3) (7) 110
Balance at end of period 803 853 803 853
Add        
Allowance for acquired credit losses       0
Provision for credit losses (36) (49) (31) 68
Deduct        
Loans charged-off 3 1 10 126
Less recoveries of loans charged-off (6) (4) (17) (16)
Net loan charge-offs (recoveries) (3) (3) (7) 110
Consumer | Residential mortgages | Change in accounting principle        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period       (31)
Consumer | Credit card        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period 2,498 2,185 2,403 2,020
Allowance for acquired credit losses       0
Provision for credit losses 349 285 1,055 851
Loans charged-off 347 259 1,042 716
Less recoveries of loans charged-off (48) (39) (132) (122)
Net loan charge-offs (recoveries) 299 220 910 594
Balance at end of period 2,548 2,250 2,548 2,250
Add        
Allowance for acquired credit losses       0
Provision for credit losses 349 285 1,055 851
Deduct        
Loans charged-off 347 259 1,042 716
Less recoveries of loans charged-off (48) (39) (132) (122)
Net loan charge-offs (recoveries) 299 220 910 594
Consumer | Credit card | Change in accounting principle        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period       (27)
Consumer | Other retail        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period 824 929 870 970
Allowance for acquired credit losses       0
Provision for credit losses 40 27 97 245
Loans charged-off 74 87 228 402
Less recoveries of loans charged-off (23) (25) (74) (85)
Net loan charge-offs (recoveries) 51 62 154 317
Balance at end of period 813 894 813 894
Add        
Allowance for acquired credit losses       0
Provision for credit losses 40 27 97 245
Deduct        
Loans charged-off 74 87 228 402
Less recoveries of loans charged-off (23) (25) (74) (85)
Net loan charge-offs (recoveries) $ 51 $ 62 $ 154 317
Consumer | Other retail | Change in accounting principle        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance at beginning of period       $ (4)