Basis of Presentation and Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The main drivers of the adjustment to retained earnings are summarized in the following table.

	Pre-ASC 326 Adoption		Impact of ASC 326 Adoption			As Reported Under ASC 326
in millions	December 31, 2019					January 1, 2020
Allowance for credit losses
Commercial
Commercial and industrial	$	551	$	(141	)	$	410
Real estate — commercial mortgage	143		16			159
Real estate — construction	22		(7		)	15
Commercial lease financing	35		8			43
Total commercial loans	751		(124		)	627
Consumer
Real estate — residential mortgage	7		77			84
Home equity loans	31		147			178
Consumer direct loans	34		63			97
Credit cards	47		35			82
Consumer indirect loans	30		6			36
Total consumer loans	149		328			477
Total ALLL — continuing operations	900		204			1,104
Discontinued operations	10		31			41
Total ALLL	910		235			1,145
Accrued expense and other liabilities	75		70			145
Total allowance for credit losses	$	985	$	305		$	1,290