Guarantees and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019, 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	$	31,235	$	108,303	$	139,538
Corporate and purchasing card loans(a)		29,296		–		29,296
Residential mortgages		416		1		417
Retail credit card loans(a)		111,773		–		111,773
Other retail loans		12,614		24,183		36,797
Other		6,325		–		6,325

(a) Primarily cancelable 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, 2019:

(Dollars in Millions)	Collateral Held		Carrying Amount		Maximum Potential Future Payments
Standby letters of credit	$	–	$	48	$	10,258
Third-party borrowing arrangements		–		–		7
Securities lending indemnifications		4,564		–		4,468
Asset sales		–		68		5,069
Merchant processing		589		61		108,875
Tender option bond program guarantee		2,994		–		2,725
Minimum revenue guarantees		–		–		3
Other		–		71		1,461

Contract or Notional Amount of Letters of Credit

The contract or notional amount of letters of credit at December 31, 2019, were as follows:

	Term
(Dollars in Millions)	Less Than One Year		Greater Than One Year		Total
Standby	$	4,676	$	5,582	$	10,258
Commercial		339		28		367