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Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of the Allowance for Loan Losses by Portfolio Segment
The following table provides a rollforward of the ALLL and the reserve for unfunded lending commitments by portfolio type for the three and six months ended June 30, 2024 and 2023:
ROLLFORWARD OF ALLL & RESERVE FOR UNFUNDED LENDING COMMITMENTS
(Dollars in millions)Commercial, Financial, and Industrial (a)Commercial Real EstateConsumer Real EstateCredit Card and OtherTotal
Three Months Ended June 30, 2024
Allowance for loan and lease losses:
Balance as of April 1, 2024$348 $181 $231 $27 $787 
Charge-offs(24)(19)(1)(5)(49)
Recoveries12 — 2 1 15 
Provision for loan and lease losses 8 59 (1)2 68 
Balance as of June 30, 2024$344 $221 $231 $25 $821 
Reserve for remaining unfunded commitments:
Balance as of April 1, 2024$49 $18 $12 $— $79 
Provision for remaining unfunded commitments (5)(8)— — (13)
Balance as of June 30, 202444 10 12 — 66 
Allowance for credit losses as of June 30, 2024$388 $231 $243 $25 $887 
Three Months Ended June 30, 2023
Allowance for loan and lease losses:
Balance as of April 1, 2023$325 $150 $209 $31 $715 
Charge-offs(19)(8)(1)(5)(33)
Recoveries 5 1 3 1 10 
Provision for loan and lease losses 15 16 10 4 45 
Balance as of June 30, 2023$326 $159 $221 $31 $737 
Reserve for remaining unfunded commitments:
Balance as of April 1, 2023$53 $21 $11 $— $85 
Provision for remaining unfunded commitments 2 3 — — 5 
Balance as of June 30, 202355 24 11 — 90 
Allowance for credit losses as of June 30, 2023$381 $183 $232 $31 $827 
(Dollars in millions)Commercial, Financial, and Industrial (a)Commercial Real EstateConsumer Real EstateCredit Card and OtherTotal
Six Months Ended June 30, 2024
Allowance for loan and lease losses:
Balance as of January 1, 2024$339 $172 $233 $29 $773 
Charge-offs(52)(32)(1)(10)(95)
Recoveries14 — 4 3 21 
Provision for loan and lease losses43 81 (5)3 122 
Balance as of June 30, 2024$344 $221 $231 $25 $821 
Reserve for remaining unfunded commitments:
Balance as of January 1, 2024$49 $22 $12 $— $83 
Provision for remaining unfunded commitments (5)(12)— — (17)
Balance as of June 30, 202444 10 12 — 66 
Allowance for credit losses as of June 30, 2024$388 $231 $243 $25 $887 
Six Months Ended June 30, 2023
Allowance for loan and lease losses:
Balance as of January 1, 2023$308 $146 $200 $31 $685 
Adoption of ASU 2022-021 — (7)— (6)
Charge-offs(33)(10)(1)(10)(54)
Recoveries 7 1 5 2 15 
Provision for loan and lease losses 43 22 24 8 97 
Balance as of June 30, 2023$326 $159 $221 $31 $737 
Reserve for remaining unfunded commitments:
Balance as of January 1, 2023$55 $22 $10 $— $87 
Provision for remaining unfunded commitments— 2 1 — 3 
Balance as of June 30, 202355 24 11 — 90 
Allowance for credit losses as of June 30, 2023$381 $183 $232 $31 $827 
(a) C&I loans as of June 30, 2024 and 2023 include $19 million and $44 million in PPP loans, respectively, which due to the government guarantee and forgiveness provisions are considered to have no credit risk and therefore have no allowance for loan and lease losses.
Schedule Of Gross Charge Offs by Year of Origination
The following table presents gross charge-offs by year of origination for the six months ended June 30, 2024 and 2023:
 GROSS CHARGE-OFFS
(Dollars in millions)20242023202220212020Prior to 2020Revolving LoansTotal
C&I$— $9 $11 $20 $1 $9 $2 $52 
CRE— — — — 9 23 — 32 
Consumer Real Estate— — — — — 1 — 1 
Credit Card and Other4 — 1 — — 1 4 10 
Total$4 $9 $12 $20 $10 $34 $6 $95 
20232022202120202019Prior to 2019Revolving LoansTotal
C&I$1 $5 $6 $4 $6 $10 $1 $33 
CRE— — — — 2 8 — 10 
Consumer Real Estate— — — — — 1 — 1 
Credit Card and Other6 — — — — 1 3 10 
Total$7 $5 $6 $4 $8 $20 $4 $54