Guarantees and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Contract or Notional Amounts of Unfunded Commitments to Extend Credit

The contract or notional amounts of unfunded commitments to extend credit at December 31, 2024, excluding those commitments considered derivatives, were as follows:

	Term
(Dollars in Millions)	Less Than One Year		Greater Than One Year		Total
Commercial and commercial real estate loans	$	46,760	$	138,973	$	185,733
Corporate and purchasing card loans(a)	35,687		—		35,687
Residential mortgages	226		—		226
Retail credit card loans(a)	137,404		—		137,404
Other retail loans	16,460		26,145		42,605
Other	7,736		—		7,736

(a)Primarily cancellable at the Company’s discretion.

Summary of Other Guarantees and Contingent Liabilities

The following table is a summary of other guarantees and contingent liabilities of the Company at December 31, 2024:

(Dollars in Millions)	Collateral Held		Carrying Amount		Maximum Potential Future Payments
Standby letters of credit	$	—	$	23	$	10,522
Third party borrowing arrangements	—		—		1
Securities lending indemnifications	6,862		—		6,681
Asset sales	—		112		12,650
Merchant processing	816		61		144,713
Other	—		21		3,245

Contract or Notional Amount of Letters of Credit

The contract or notional amount of letters of credit at December 31, 2024, were as follows:

	Term
(Dollars in Millions)	Less Than One Year		Greater Than One Year		Total
Standby	$	7,105	$	3,417	$	10,522
Commercial	441		21		462