XML 72 R57.htm IDEA: XBRL DOCUMENT v3.22.1
Business Combinations - Schedule of Business Acquisitions (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended
Jan. 03, 2022
Mar. 31, 2022
Mar. 31, 2021
Liabilities      
Gain on acquisition   $ 431 $ 0
CIT Group Inc.      
Business Acquisition [Line Items]      
Consideration for stock-based compensation $ 81    
Cash in lieu of fractional shares and other consideration paid 51    
Purchase price consideration 5,952    
Assets      
Cash and interest-earning deposits at banks 3,060    
Investment securities 6,561    
Assets held for sale 59    
Loans and leases 32,714    
Operating lease equipment 7,838    
Bank-owned life insurance 1,202    
Intangible assets 143    
Other assets 2,198    
Total assets acquired 53,775    
Liabilities      
Deposits 39,428    
Borrowings 4,536    
Credit balances of factoring clients 1,534    
Other liabilities 1,894    
Total liabilities assumed 47,392    
Fair value of net assets acquired 6,383    
Gain on acquisition $ 431    
CIT Group Inc. | Class A Common Stock, Par Value $1      
Business Acquisition [Line Items]      
Shares of BancShares Class A common stock issued (in shares) 6,140,010    
Price per share on January 3, 2022 (in dollars per share) $ 859.76    
Consideration for common stock and preferred stock $ 5,279    
CIT Group Inc. | Preferred Stock      
Business Acquisition [Line Items]      
Consideration for common stock and preferred stock $ 541