Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Summary of Cash Dividends Declared per Share

The following table presents the dividends declared related to common stock.

Year Ended December 31,	2019		2018		2017
Cash dividends declared per share	$	1.710	$	1.560	$	1.260

Summary of Non-Cumulative Perpetual Preferred Stock

The following table presents a summary of the non-cumulative perpetual preferred stock as of December 31, 2019:

Preferred Stock Issue (Dollars in millions)	Issuance Date		Earliest Redemption Date	Liquidation Amount		Carrying Amount		Dividend Rate			Dividend Payments
Series F	10/31/2012		11/1/2017	$	450	$	437	5.200	%		Quarterly
Series G	5/1/2013		6/1/2018	500		487		5.200			Quarterly
Series H	3/9/2016		6/1/2021	465		450		5.625			Quarterly
Series I	12/6/2019	(1)	12/15/2024	173		168		4.000		(2)	Quarterly
Series J	12/6/2019	(1)	12/15/2024	103		92		4.000		(3)	Quarterly
Series K	12/6/2019	(1)	12/15/2019	500		503		5.754		(4)	Quarterly
Series L	12/6/2019	(1)	12/15/2024	750		766		5.050		(5)	Semi-annually	(8)
Series M	12/6/2019	(1)	12/15/2027	500		516		5.125		(6)	Semi-annually	(8)
Series N	7/29/2019		9/1/2024	1,700		1,683		4.800		(7)	Semi-annually
Total				$	5,141	$	5,102

(1) Converted security from previously issued SunTrust preferred stock.

(2) Dividend rate is the greater of 4.00% or 3-month LIBOR plus 0.530%.

(3) Dividend rate is the greater of 4.00% or 3-month LIBOR plus 0.645%.

(4) Dividend rate reset on December 15, 2019, and dividend rate is 3-month LIBOR plus 3.860%.

(5) Fixed dividend rate will reset on June 15, 2022, then dividend rate will be 3-month LIBOR plus 3.102%.

(6) Fixed dividend rate will reset on December 15, 2027, then dividend rate will be 3-month LIBOR plus 2.786%.

(7) Fixed dividend will reset on September 1, 2024, and on each following fifth anniversary of the reset date to the five-year U.S. Treasury rate plus 3.003%.

(8) Dividend payments become quarterly after dividend rate reset.