XML 40 R28.htm IDEA: XBRL DOCUMENT v3.25.2
Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Changes in Accounting Principles and Effects of New Accounting Pronouncements
Changes in Accounting Principles and Effects of New Accounting Standards

The following table provides a summary of significant accounting standards not yet adopted:
Standard / Adoption DateDescriptionEffects on the Financial Statements
Standards Not Yet Adopted
Improvements to Income Tax Disclosures /
December 31, 2025
Improves the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures. Permits either a prospective or retrospective transition approach.Truist is evaluating the impact of this standard on its disclosures, which includes aggregating newly required information in the format required. While its evaluation is ongoing, Truist does not expect that the implementation of this disclosure-only standard will have a material impact on its financial statements.
Expense Disaggregation Disclosures /
December 31, 2027
Introduces new requirements to disclose additional information about certain types of expenses, including employee compensation, depreciation, intangible asset amortization, and selling expenses. Banks that present a caption for salaries and benefits under SEC rules would be permitted to retain their current definition. Permits either a prospective or retrospective transition approach.Truist is evaluating the impact of this standard on its disclosures. This standard relates to footnote disclosures only.