0000927628-22-000306 | 10-Q | XBRL Viewer | Capital ONE Financial Corp

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Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2022	Oct. 28, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Period End Date	Sep. 30, 2022
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-13300
Entity Registrant Name	CAPITAL ONE FINANCIAL CORP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	54-1719854
Entity Address, Address Line One	1680 Capital One Drive,
Entity Address, City or Town	McLean,
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22102
City Area Code	703
Local Phone Number	720-1000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		381,698,572
Entity Central Index Key	0000927628
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Common Stock (par value $.01 per share)
Entity Information [Line Items]
Title of 12(b) Security	Common Stock (par value $.01 per share)
Trading Symbol	COF
Security Exchange Name	NYSE
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I
Trading Symbol	COF PRI
Security Exchange Name	NYSE
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series J
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series J
Trading Symbol	COF PRJ
Security Exchange Name	NYSE
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K
Trading Symbol	COF PRK
Security Exchange Name	NYSE
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series L
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series L
Trading Symbol	COF PRL
Security Exchange Name	NYSE
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N
Trading Symbol	COF PRN
Security Exchange Name	NYSE
0.800% Senior Notes Due 2024
Entity Information [Line Items]
Title of 12(b) Security	0.800% Senior Notes Due 2024
Trading Symbol	COF24
Security Exchange Name	NYSE
1.650% Senior Notes Due 2029
Entity Information [Line Items]
Title of 12(b) Security	1.650% Senior Notes Due 2029
Trading Symbol	COF29
Security Exchange Name	NYSE

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income:
Loans, including loans held for sale	$ 7,578	$ 6,205	$ 20,550	$ 17,812
Investment securities	499	317	1,336	1,078
Other	123	16	193	48
Total interest income	8,200	6,538	22,079	18,938
Interest expense:
Deposits	689	228	1,200	734
Securitized debt obligations	120	29	214	89
Senior and subordinated notes	319	116	644	367
Other borrowings	69	9	104	27
Total interest expense	1,197	382	2,162	1,217
Net interest income	7,003	6,156	19,917	17,721
Provision (benefit) for credit losses	1,669	(342)	3,431	(2,325)
Net interest income after provision for credit losses	5,334	6,498	16,486	20,046
Non-interest income:
Interchange fees, net	1,195	1,022	3,429	2,855
Service charges and other customer-related fees	415	407	1,230	1,143
Other	192	245	634	598
Total non-interest income	1,802	1,674	5,293	4,596
Non-interest expense:
Salaries and associate benefits	2,187	1,852	6,159	5,480
Occupancy and equipment	502	481	1,496	1,476
Marketing	978	751	2,899	1,872
Professional services	471	358	1,326	991
Communications and data processing	349	319	1,027	936
Amortization of Intangible	17	5	45	16
Other	445	420	1,131	1,121
Total non-interest expense	4,949	4,186	14,083	11,892
Income (loss) from continuing operations before income taxes	2,187	3,986	7,696	12,750
Income tax provision (benefit)	493	882	1,568	2,782
Income from continuing operations, net of tax	1,694	3,104	6,128	9,968
Income (loss) from discontinued operations, net of tax	0	0	0	(3)
Net income	1,694	3,104	6,128	9,965
Dividends and undistributed earnings allocated to participating securities	(21)	(26)	(74)	(84)
Preferred stock dividends	(57)	(79)	(171)	(200)
Issuance cost for redeemed preferred stock	0	(12)	0	(12)
Net income available to common stockholders	$ 1,616	$ 2,987	$ 5,883	$ 9,669
Basic earnings per common share:
Net income from continuing operations	$ 4.21	$ 6.81	$ 14.90	$ 21.53
Income (loss) from discontinued operations	0.00	0.00	0.00	(0.01)
Net income (loss) per basic common share	4.21	6.81	14.90	21.52
Diluted earnings per common share:
Net income from continuing operations	4.20	6.78	14.84	21.45
Income (loss) from discontinued operations	0.00	0.00	0.00	(0.01)
Net income (loss) per diluted common share	$ 4.20	$ 6.78	$ 14.84	$ 21.44

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net Income	$ 1,694			$ 3,104			$ 6,128	$ 9,965
Other comprehensive income (loss), net of tax:
Net unrealized losses on securities available for sale	(2,935)			(208)			(8,476)	(1,305)
Net unrealized losses on hedging relationships	(804)			(195)			(2,496)	(827)
Foreign currency translation adjustments	(48)			(27)			(105)	1
Other	(1)			(2)			(1)	(3)
Other comprehensive loss, net of tax	(3,788)			(432)			(11,078)	(2,134)
Comprehensive income (loss)	$ (2,094)	$ (792)	$ (2,064)	$ 2,672	$ 3,545	$ 1,614	$ (4,950)	$ 7,831

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Cash and cash equivalents:
Cash and due from banks	$ 3,716	$ 4,164
Interest-bearing deposits and other short-term investments	21,176	17,582
Total cash and cash equivalents	24,892	21,746
Restricted cash for securitization investors	399	308
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	75,303	95,261
Loans held for investment:
Total loans held for investment	303,943	277,340
Allowance for credit losses	(12,209)	(11,430)
Net loans held for investment	291,734	265,910
Loans held for sale ($1.7 billion and $1.0 billion carried at fair value as of September 30, 2022 and December 31, 2021, respectively)	1,729	5,888
Premises and equipment, net	4,265	4,210
Interest receivable	1,853	1,460
Goodwill	14,771	14,782
Other assets	29,286	22,816
Total assets	444,232	432,381
Liabilities:
Interest payable	433	281
Deposits [Abstract]
Non-interest-bearing deposits	34,391	38,043
Interest-bearing deposits	282,802	272,937
Total deposits	317,193	310,980
Securitized debt obligations	15,926	14,994
Other debt:
Federal funds purchased and securities loaned or sold under agreements to repurchase	528	820
Senior and subordinated notes	30,615	27,219
Other borrowings	7,538	53
Total other debt	38,681	28,092
Other liabilities	21,138	17,005
Total liabilities	393,371	371,352
Commitments, contingencies and guarantees (see Note 13)
Stockholders’ equity:
Preferred stock (par value $0.01 per share; 50,000,000 shares authorized; 4,975,000 shares issued and outstanding as of both September 30, 2022 and December 31, 2021)	0	0
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 689,412,995 and 685,057,944 shares issued as of September 30, 2022 and December 31, 2021, respectively; 381,976,333 and 413,858,537 shares outstanding as of September 30, 2022 and December 31, 2021, respectively)	7	7
Additional paid-in capital, net	34,579	34,112
Retained earnings	56,240	51,006
Accumulated other comprehensive income (loss)	(10,704)	374
Treasury stock, at cost (par value $0.01 per share; 307,436,662 and 271,199,407 shares as of September 30, 2022 and December 31, 2021, respectively)	(29,261)	(24,470)
Total stockholders’ equity	50,861	61,029
Total liabilities and stockholders’ equity	444,232	432,381
Unsecuritized loans held for investment
Loans held for investment:
Total loans held for investment	277,576	252,468
Loans held in consolidated trusts
Loans held for investment:
Total loans held for investment	26,367	24,872
Total assets	28,560	26,458
Other debt:
Total liabilities	$ 16,892	$ 15,256

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Securities available for sale, amortized cost	$ 86,097	$ 94,871
Securities available for sale, allowance for credit loss	(4)	(1)
Loans Held-for-sale, Fair Value Disclosure	$ 1,700	$ 1,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	4,975,000	4,975,000
Preferred stock, shares outstanding	4,975,000	4,975,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	689,412,995	685,057,944
Common stock, shares outstanding	381,976,333	413,858,537
Treasury stock, par value (in dollars per share)	$ 0.01	$ 0.01
Treasury stock, shares	307,436,662	271,199,407

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Millions

Total

Preferred Stock

Common Stock

Additional Paid-In Capital

Retained Earnings

Accumulated Other Comprehensive Income (Loss)

Treasury Stock

Beginning balance (shares) at Dec. 31, 2020

4,975,000

679,932,837

Beginning balance at Dec. 31, 2020

$ 60,204

$ 0

$ 7

$ 33,480

$ 40,088

$ 3,494

$ (16,865)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Comprehensive income (loss)

1,614

3,325

(1,711)

Dividends, common stock (shares)

^[1]

13,356

Dividends, common stock

^[1]

(184)

$ 0

(185)

Dividends, preferred stock

(61)

Purchases of treasury stock

(575)

Issuances of common stock and restricted stock, net of forfeitures (shares)

2,531,966

Issuances of common stock and restricted stock, net of forfeitures

$ 0

Exercises of stock options (shares)

283,398

Exercises of stock options

$ 0

Compensation expense for restricted stock units and stock options

111

Ending balance (shares) at Mar. 31, 2021

4,975,000

682,761,557

Ending balance at Mar. 31, 2021

61,188

$ 0

$ 7

33,671

43,167

1,783

(17,440)

Beginning balance (shares) at Dec. 31, 2020

4,975,000

679,932,837

Beginning balance at Dec. 31, 2020

60,204

$ 0

$ 7

33,480

40,088

3,494

(16,865)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Comprehensive income (loss)

7,831

Ending balance (shares) at Sep. 30, 2021

6,075,000

684,515,909

Ending balance at Sep. 30, 2021

63,544

$ 0

$ 7

35,051

48,944

1,360

(21,818)

Beginning balance (shares) at Mar. 31, 2021

4,975,000

682,761,557

Beginning balance at Mar. 31, 2021

61,188

$ 0

$ 7

33,671

43,167

1,783

(17,440)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Comprehensive income (loss)

3,545

3,536

Dividends, common stock (shares)

^[1]

4,954

Dividends, common stock

^[1]

(181)

$ 0

(182)

Dividends, preferred stock

(60)

Purchases of treasury stock

(1,668)

Issuances of common stock and restricted stock, net of forfeitures (shares)

583,779

Issuances of common stock and restricted stock, net of forfeitures

$ 0

Exercises of stock options (shares)

209,528

Exercises of stock options

$ 0

Issuances of preferred stock (shares)

1,675,000

Issuances of preferred stock

1,641

$ 0

1,641

Compensation expense for restricted stock units and stock options

Ending balance (shares) at Jun. 30, 2021

6,650,000

683,559,818

Ending balance at Jun. 30, 2021

64,624

$ 0

$ 7

35,472

46,461

1,792

(19,108)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Comprehensive income (loss)

2,672

3,104

(432)

Dividends, common stock (shares)

^[1]

6,531

Dividends, common stock

^[1]

(529)

$ 0

(530)

Dividends, preferred stock

(79)

Purchases of treasury stock

(2,710)

Issuances of common stock and restricted stock, net of forfeitures (shares)

531,629

Issuances of common stock and restricted stock, net of forfeitures

$ 0

Exercises of stock options (shares)

417,931

Exercises of stock options

$ 0

Issuances of preferred stock (shares)

425,000

Issuances of preferred stock

412

$ 0

412

Redemptions of preferred stock

(1,000)

$ 0

(988)

(12)

Redemptions of preferred stock (shares)

(1,000,000)

Compensation expense for restricted stock units and stock options

Ending balance (shares) at Sep. 30, 2021

6,075,000

684,515,909

Ending balance at Sep. 30, 2021

63,544

$ 0

$ 7

35,051

48,944

1,360

(21,818)

Beginning balance (shares) at Dec. 31, 2021

4,975,000

685,057,944

Beginning balance at Dec. 31, 2021

61,029

$ 0

$ 7

34,112

51,006

374

(24,470)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Comprehensive income (loss)

(2,064)

2,403

(4,467)

Dividends, common stock (shares)

^[1]

18,408

Dividends, common stock

^[1]

(251)

$ 0

(253)

Dividends, preferred stock

(57)

Purchases of treasury stock

(2,484)

Issuances of common stock and restricted stock, net of forfeitures (shares)

2,517,691

Issuances of common stock and restricted stock, net of forfeitures

$ 0

Exercises of stock options (shares)

7,809

Exercises of stock options

$ 0

Compensation expense for restricted stock units and stock options

103

Ending balance (shares) at Mar. 31, 2022

4,975,000

687,601,852

Ending balance at Mar. 31, 2022

56,345

$ 0

$ 7

34,286

53,099

(4,093)

(26,954)

Beginning balance (shares) at Dec. 31, 2021

4,975,000

685,057,944

Beginning balance at Dec. 31, 2021

61,029

$ 0

$ 7

34,112

51,006

374

(24,470)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Comprehensive income (loss)

(4,950)

Ending balance (shares) at Sep. 30, 2022

4,975,000

689,412,995

Ending balance at Sep. 30, 2022

50,861

$ 0

$ 7

34,579

56,240

(10,704)

(29,261)

Beginning balance (shares) at Mar. 31, 2022

4,975,000

687,601,852

Beginning balance at Mar. 31, 2022

56,345

$ 0

$ 7

34,286

53,099

(4,093)

(26,954)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Comprehensive income (loss)

(792)

2,031

(2,823)

Dividends, common stock (shares)

^[1]

4,083

Dividends, common stock

^[1]

(236)

$ 0

(237)

Dividends, preferred stock

(57)

Purchases of treasury stock

(1,988)

Issuances of common stock and restricted stock, net of forfeitures (shares)

671,473

Issuances of common stock and restricted stock, net of forfeitures

$ 0

Compensation expense for restricted stock units and stock options

Ending balance (shares) at Jun. 30, 2022

4,975,000

688,277,408

Ending balance at Jun. 30, 2022

53,410

$ 0

$ 7

34,425

54,836

(6,916)

(28,942)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Comprehensive income (loss)

(2,094)

1,694

(3,788)

Dividends, common stock (shares)

^[1]

5,936

Dividends, common stock

^[1]

(232)

$ 0

(233)

Dividends, preferred stock

(57)

Purchases of treasury stock

(319)

Issuances of common stock and restricted stock, net of forfeitures (shares)

941,581

Issuances of common stock and restricted stock, net of forfeitures

$ 0

Exercises of stock options (shares)

188,070

Exercises of stock options

$ 0

Compensation expense for restricted stock units and stock options

Ending balance (shares) at Sep. 30, 2022

4,975,000

689,412,995

Ending balance at Sep. 30, 2022

$ 50,861

$ 0

$ 7

$ 34,579

$ 56,240

$ (10,704)

$ (29,261)

[1]	We declared dividends per share on our common stock of $0.60 and $1.20 in the third quarter of 2022 and 2021, respectively, and $1.80 and $2.00 in the first nine months of 2022 and 2021, respectively.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Dividend per share on common stock declared (in dollars per share)	$ 0.60	$ 1.20	$ 1.80	$ 2.00

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities:
Income from continuing operations, net of tax	$ 6,128	$ 9,968
Income (loss) from discontinued operations, net of tax	0	(3)
Net income	6,128	9,965
Adjustments to reconcile net income (loss) to net cash from operating activities:
Provision (benefit) for credit losses	3,431	(2,325)
Depreciation and amortization, net	2,367	2,628
Deferred tax provision (benefit)	(371)	580
Net securities losses (gains)	9	(6)
Gain on sales of loans	(193)	(8)
Stock-based compensation expense	238	270
Other	20	8
Loans held for sale:
Originations and purchases	(6,894)	(7,011)
Proceeds from sales and paydowns	6,242	6,227
Changes in operating assets and liabilities:
Changes in interest receivable	(390)	59
Changes in other assets	(5,898)	(4,833)
Changes in interest payable	152	(111)
Changes in other liabilities	812	2,211
Net change from discontinued operations	(1)	(6)
Net cash from operating activities	5,652	7,648
Securities available for sale:
Purchases	(11,614)	(21,951)
Proceeds from paydowns and maturities	16,905	20,795
Proceeds from sales	2,570	1,735
Loans:
Net changes in loans originated as held for investment	(25,469)	(16,185)
Principal recoveries of loans previously charged off	1,631	1,901
Net purchases of premises and equipment	(644)	(504)
Net cash used in acquisition activities	(1,127)	(551)
Net cash used in other investing activities	(543)	(286)
Net cash used in investing activities	(18,291)	(15,046)
Financing activities:
Changes in deposits	6,771	597
Issuance of securitized debt obligations	8,230	2,991
Maturities and paydowns of securitized debt obligations	(6,572)	(2,638)
Issuance of senior and subordinated notes and long-term FHLB advances	21,271	996
Maturities and paydowns of senior and subordinated notes and long-term FHLB advances	(8,061)	(3,851)
Changes in other borrowings	(307)	139
Common stock:
Net proceeds from issuances	214	191
Dividends paid	(719)	(894)
Preferred stock:
Net proceeds from issuances	0	2,053
Dividends paid	(171)	(200)
Redemptions	0	(1,000)
Purchases of treasury stock	(4,791)	(4,953)
Proceeds from share-based payment activities	11	54
Net cash from (used in) financing activities	15,876	(6,515)
Changes in cash, cash equivalents and restricted cash for securitization investors	3,237	(13,913)
Cash, cash equivalents and restricted cash for securitization investors, beginning of the period	22,054	40,771
Cash, cash equivalents and restricted cash for securitization investors, end of the period	25,291	26,858
Non-cash items:
Net transfers from loans held for investment to loans held for sale	680	4,577
Interest paid	1,927	1,703
Income tax paid	$ 991	$ 1,672

Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies


NOTE 1—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company

Capital One Financial Corporation, a Delaware corporation established in 1994 and headquartered in McLean, Virginia, is a diversified financial services holding company with banking and non-banking subsidiaries. Capital One Financial Corporation and its subsidiaries (the “Company” or “Capital One”) offer a broad array of financial products and services to consumers, small businesses and commercial clients through digital channels, branch locations, Cafés and other distribution channels. As of September 30, 2022, our principal subsidiaries included:

•Capital One Bank (USA), National Association (“COBNA”), which offers credit card products along with other lending products and consumer services; and

•Capital One, National Association (“CONA”), which offers a broad spectrum of banking products and financial services to consumers, small businesses and commercial clients.

On October 1, 2022, the Company completed the merger of COBNA with and into CONA, with CONA as the surviving entity.

The Company is hereafter collectively referred to as “we,” “us” or “our.” COBNA and CONA are collectively referred to as the “Banks.”

We also offer products outside of the United States of America (“U.S.”) principally through Capital One (Europe) plc (“COEP”), an indirect subsidiary of COBNA organized and located in the United Kingdom (“U.K.”), and through a branch of COBNA in Canada. COEP has authority, among other things, to provide credit card loans. Our branch of COBNA in Canada also has the authority to provide credit card loans.

Our principal operations are organized for management reporting purposes into three major business segments, which are defined primarily based on the products and services provided or the types of customer served: Credit Card, Consumer Banking and Commercial Banking. We provide details on our business segments, the integration of recent acquisitions, if any, into our business segments and the allocation methodologies and accounting policies used to derive our business segment results in “Note 12—Business Segments and Revenue from Contracts with Customers.”

Basis of Presentation and Use of Estimates

The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (“U.S. GAAP”). The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and in the related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgments, actual amounts or results could differ from these estimates. In the opinion of management, all normal, recurring adjustments have been included for a fair statement of this interim financial information.

These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements, and related notes thereto, included in Capital One Financial Corporation’s 2021 Annual Report on Form 10-K (“2021 Form 10-K”).

Newly Adopted Accounting Standards During the Nine Months Ended September 30, 2022

Standard

Guidance

Adoption Timing and Financial Statement Impacts

Fair Value Hedging

ASU No. 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layering Method

Issued March 2022

The amendments in this ASU establish the portfolio-layer method which provides flexibility to achieve fair value hedge accounting for multiple hedged layers within a single closed portfolio of financial assets.

We adopted this guidance in the second quarter of 2022 using the prospective method of adoption.

Our adoption of this standard did not have an impact on our consolidated financial statements as any designation of portfolio layer method hedges would be applied prospectively.

Investment Securities

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Investment Securities


NOTE 2—INVESTMENT SECURITIES

Our investment securities portfolio consists of the following: U.S. government-sponsored enterprise or agency (“Agency”) and non-agency residential mortgage-backed securities (“RMBS”), agency commercial mortgage-backed securities (“CMBS”), U.S. Treasury securities and other securities. Agency securities include Government National Mortgage Association (“Ginnie Mae”) guaranteed securities, Federal National Mortgage Association (“Fannie Mae”) and Federal Home Loan Mortgage Corporation (“Freddie Mac”) issued securities. The carrying value of our investments in Agency and U.S. Treasury securities represented 98% and 96% of our total investment securities portfolio as of September 30, 2022 and December 31, 2021 respectively.

The table below presents the amortized cost, allowance for credit losses, gross unrealized gains and losses, and fair value aggregated by major security type as of September 30, 2022 and December 31, 2021. Accrued interest receivable of $227 million and $207 million as of September 30, 2022 and December 31, 2021, respectively, is not included in the table below.

Table 2.1: Investment Securities Available for Sale


	September 30, 2022
(Dollars in millions)	Amortized Cost		Allowance for Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	5,124	$	0	$	1	$	(98)	$	5,027
RMBS:
Agency	71,245		0		37		(10,069)		61,213
Non-agency	666		(4)		112		(5)		769
Total RMBS	71,911		(4)		149		(10,074)		61,982
Agency CMBS	8,055		0		2		(761)		7,296
Other securities(1)	1,007		0		1		(10)		998
Total investment securities available for sale	$	86,097	$	(4)	$	153	$	(10,943)	$	75,303


	December 31, 2021
(Dollars in millions)	Amortized Cost		Allowance for Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	9,419	$	0	$	23	$	0	$	9,442
RMBS:
Agency	72,593		0		958		(931)		72,620
Non-agency	792		(1)		205		0		996
Total RMBS	73,385		(1)		1,163		(931)		73,616
Agency CMBS	9,237		0		195		(63)		9,369
Other securities(1)	2,830		0		6		(2)		2,834
Total investment securities available for sale	$	94,871	$	(1)	$	1,387	$	(996)	$	95,261

__________

(1)Includes $231 million and $2.0 billion of asset-backed securities (“ABS”) as of September 30, 2022 and December 31, 2021 respectively. The remaining amount is primarily comprised of supranational bonds and foreign government bonds.

Investment Securities in a Gross Unrealized Loss Position

The table below provides the gross unrealized losses and fair value of our securities available for sale aggregated by major security type and the length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2022 and December 31, 2021. The amounts include securities available for sale without an allowance for credit losses.

Table 2.2: Securities in a Gross Unrealized Loss Position


	September 30, 2022
	Less than 12 Months				12 Months or Longer				Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Investment securities available for sale without an allowance for credit losses:
U.S. Treasury securities	$	4,593	$	(98)	$	0	$	0	$	4,593	$	(98)
RMBS:
Agency	30,124		(3,285)		30,154		(6,784)		60,278		(10,069)
Non-agency	16		(1)		3		0		19		(1)
Total RMBS	30,140		(3,286)		30,157		(6,784)		60,297		(10,070)
Agency CMBS	4,866		(430)		2,258		(331)		7,124		(761)
Other securities(1)	522		(7)		81		(3)		603		(10)
Total investment securities available for sale in a gross unrealized loss position without an allowance for credit losses(2)	$	40,121	$	(3,821)	$	32,496	$	(7,118)	$	72,617	$	(10,939)


	December 31, 2021
	Less than 12 Months				12 Months or Longer				Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Investment securities available for sale without an allowance for credit losses:

RMBS:
Agency	$	37,492	$	(632)	$	8,606	$	(299)	$	46,098	$	(931)
Non-agency	3		0		1		0		4		0
Total RMBS	37,495		(632)		8,607		(299)		46,102		(931)
Agency CMBS	2,999		(36)		803		(27)		3,802		(63)
Other securities(1)	1,207		(2)		0		0		1,207		(2)
Total investment securities available for sale in a gross unrealized loss position without an allowance for credit losses(2)	$	41,701	$	(670)	$	9,410	$	(326)	$	51,111	$	(996)

__________

(1) Includes primarily ABS, foreign government bonds, and supranational bonds.

(2) Consists of approximately 2,730 and 740 securities in gross unrealized loss positions as of September 30, 2022 and December 31, 2021, respectively.

Maturities and Yields of Investment Securities

The table below summarizes, as of September 30, 2022, the fair value of our investment securities by major security type and contractual maturity as well as the total fair value, amortized cost and weighted-average yields of our investment securities by contractual maturity. Because borrowers may have the right to call or prepay certain obligations, the expected maturities of our securities are likely to differ from the scheduled contractual maturities presented below. The weighted-average yield below represents the effective yield for the investment securities and is calculated based on the amortized cost of each security.

Table 2.3: Contractual Maturities and Weighted-Average Yields of Securities


	September 30, 2022
(Dollars in millions)	Due in 1 Year or Less			Due > 1 Year through 5 Years			Due > 5 Years through 10 Years			Due > 10 Years			Total
Fair value of securities available for sale:
U.S. Treasury securities	$	0		$	5,027		$	0		$	0		$	5,027
RMBS(1):
Agency	0			113			1,123			59,977			61,213
Non-agency	0			0			0			769			769
Total RMBS	0			113			1,123			60,746			61,982
Agency CMBS(1)	174			2,046			3,391			1,685			7,296
Other securities	242			756			0			0			998
Total securities available for sale	$	416		$	7,942		$	4,514		$	62,431		$	75,303
Amortized cost of securities available for sale	$	417		$	8,199		$	5,059		$	72,422		$	86,097
Weighted-average yield for securities available for sale	3.34		%	1.69		%	2.28		%	2.23		%	2.19		%

__________

(1)As of September 30, 2022, the weighted-average expected maturities of RMBS and Agency CMBS were 7.1 years and 5.1 years, respectively.

Net Securities Gains or Losses and Proceeds from Sales

For the three and nine months ended September 30, 2022, total proceeds from sales of our securities were $330 million and $2.6 billion, respectively, with losses of $3 million and $9 million, respectively. For the three and nine months ended September 30, 2021, total proceeds from sales of our securities were $1.1 billion and $1.7 billion, respectively, with gains of $2 million and $6 million, respectively.

Securities Pledged and Received

We pledged investment securities totaling $18.7 billion and $20.8 billion as of September 30, 2022 and December 31, 2021, respectively. These securities are primarily pledged to secure Public Funds deposits and Federal Home Loan Banks (“FHLB”) advances, as well as for other purposes as required or permitted by law. We accepted pledges of securities with a fair value of approximately $67 million and $1 million as of September 30, 2022 and December 31, 2021, respectively, related to our derivative transactions.

Loans

9 Months Ended

Sep. 30, 2022

Receivables [Abstract]

Loans


NOTE 3—LOANS

Our loan portfolio consists of loans held for investment, including loans held in our consolidated trusts, and loans held for sale. We further divide our loans held for investment into three portfolio segments: credit card, consumer banking and commercial banking. Credit card loans consist of domestic and international credit card loans. Consumer banking loans consist of auto and retail banking loans. Commercial banking loans consist of commercial and multifamily real estate as well as commercial and industrial loans. The information presented in this section excludes loans held for sale, which are carried at either fair value (if we elect the fair value option) or at the lower of cost or fair value.

Accrued interest receivable of $1.6 billion and $1.2 billion as of September 30, 2022 and December 31, 2021, respectively, is not included in the tables in this note. The table below presents the composition and aging analysis of our loans held for investment portfolio as of September 30, 2022 and December 31, 2021. The delinquency aging includes all past due loans, both performing and nonperforming.

Table 3.1: Loan Portfolio Composition and Aging Analysis


	September 30, 2022
				Delinquent Loans
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			Total Loans
Credit Card:
Domestic credit card	$	117,676		$	1,179		$	817		$	1,607		$	3,603		$	121,279
International card businesses	5,409			79			53			93			225			5,634
Total credit card	123,085			1,258			870			1,700			3,828			126,913
Consumer Banking:
Auto	75,329			2,754			1,202			295			4,251			79,580
Retail banking	1,580			15			5			19			39			1,619
Total consumer banking	76,909			2,769			1,207			314			4,290			81,199
Commercial Banking:
Commercial and multifamily real estate	38,056			134			1			34			169			38,225
Commercial and industrial	57,456			69			13			68			150			57,606
Total commercial banking	95,512			203			14			102			319			95,831
Total loans(1)	$	295,506		$	4,230		$	2,091		$	2,116		$	8,437		$	303,943
% of Total loans	97.22		%	1.39		%	0.69		%	0.70		%	2.78		%	100.00		%


	December 31, 2021
			Delinquent Loans
(Dollars in millions)	Current		30-59 Days		60-89 Days		> 90 Days		Total Delinquent Loans		Total Loans
Credit Card:
Domestic credit card	$	106,312	$	773	$	528	$	1,110	$	2,411	$	108,723
International card businesses	5,836		77		50		86		213		6,049
Total credit card	112,148		850		578		1,196		2,624		114,772
Consumer Banking:
Auto	72,221		2,385		933		240		3,558		75,779
Retail banking	1,807		35		7		18		60		1,867
Total consumer banking	74,028		2,420		940		258		3,618		77,646


	December 31, 2021
				Delinquent Loans
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			Total Loans
Commercial Banking:
Commercial and multifamily real estate	35,100			92			35			35			162			35,262
Commercial and industrial	49,379			139			103			39			281			49,660
Total commercial banking	84,479			231			138			74			443			84,922
Total loans(1)	$	270,655		$	3,501		$	1,656		$	1,528		$	6,685		$	277,340
% of Total loans	97.59		%	1.26		%	0.60		%	0.55		%	2.41		%	100.00		%

__________

(1)Loans include unamortized premiums and discounts, and unamortized deferred fees and costs totaling $1.4 billion as of both September 30, 2022 and December 31, 2021.

The following table presents our loans held for investment that are 90 days or more past due that continue to accrue interest, loans that are classified as nonperforming and loans that are classified as nonperforming without an allowance as of September 30, 2022 and December 31, 2021. Nonperforming loans generally include loans that have been placed on nonaccrual status.

Table 3.2: 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans


	September 30, 2022									December 31, 2021
(Dollars in millions)	> 90 Days and Accruing			Nonperforming Loans(1)			Nonperforming Loans Without an Allowance			> 90 Days and Accruing			Nonperforming Loans(1)			Nonperforming Loans Without an Allowance
Credit Card:
Domestic credit card	$	1,607		N/A			$	0		$	1,110		N/A			$	0
International card businesses	90			$	8		0			82			$	10		0
Total credit card	1,697			8			0			1,192			10			0
Consumer Banking:
Auto	0			474			0			0			344			0
Retail banking	0			43			5			0			47			4
Total consumer banking	0			517			5			0			391			4
Commercial Banking:
Commercial and multifamily real estate	3			243			219			3			383			268
Commercial and industrial	0			307			200			0			316			257
Total commercial banking	3			550			419			3			699			525
Total	$	1,700		$	1,075		$	424		$	1,195		$	1,100		$	529
% of Total loans held for investment	0.56		%	0.35		%	0.14		%	0.43		%	0.40		%	0.19		%

__________

(1)We recognized interest income for loans classified as nonperforming of $2 million and $29 million for the three and nine months ended September 30, 2022, respectively, and $1 million and $21 million for the three and nine months ended September 30, 2021, respectivel

Credit Quality Indicators

We closely monitor economic conditions and loan performance trends to assess and manage our exposure to credit risk. We discuss these risks and our credit quality indicator for each portfolio segment below.

Credit Card

Our credit card loan portfolio is highly diversified across millions of accounts and numerous geographies without significant individual exposure. We therefore generally manage credit risk based on portfolios with common risk characteristics. The risk in our credit card loan portfolio correlates to broad economic trends, such as unemployment rates and the U.S. Real Gross

Domestic Product (“GDP”) Rate, as well as consumers’ financial condition, all of which can have a material effect on credit performance. The key indicator we assess in monitoring the credit quality and risk of our credit card loan portfolio is delinquency trends, including an analysis of loan migration between delinquency categories over time.

The table below presents our credit card portfolio by delinquency status as of September 30, 2022 and December 31, 2021.

Table 3.3: Credit Card Delinquency Status


	September 30, 2022						December 31, 2021
(Dollars in millions)	Revolving Loans		Revolving Loans Converted to Term		Total		Revolving Loans		Revolving Loans Converted to Term		Total
Credit Card:
Domestic credit card:
Current	$	117,410	$	266	$	117,676	$	105,985	$	327	$	106,312
30-59 days	1,165		14		1,179		760		13		773
60-89 days	808		9		817		519		9		528
Greater than 90 days	1,595		12		1,607		1,100		10		1,110
Total domestic credit card	120,978		301		121,279		108,364		359		108,723

International card businesses:
Current	5,379		30		5,409		5,795		41		5,836
30-59 days	76		3		79		73		4		77
60-89 days	50		3		53		47		3		50
Greater than 90 days	90		3		93		82		4		86
Total international card businesses	5,595		39		5,634		5,997		52		6,049
Total credit card	$	126,573	$	340	$	126,913	$	114,361	$	411	$	114,772

Consumer Banking

Our consumer banking loan portfolio consists of auto and retail banking loans. Similar to our credit card loan portfolio, the risk in our consumer banking loan portfolio correlates to broad economic trends as well as consumers’ financial condition, all of which can have a material effect on credit performance. The key indicator we monitor when assessing the credit quality and risk of our auto loan portfolio is borrower credit scores as they measure the creditworthiness of borrowers. Delinquency trends are the key indicator we assess in monitoring the credit quality and risk of our retail banking loan portfolio.

The table below presents our consumer banking portfolio of loans held for investment by credit quality indicator as of September 30, 2022 and December 31, 2021. We present our auto loan portfolio by FICO scores at origination and our retail banking loan portfolio by delinquency status, which includes all past due loans, both performing and nonperforming.

Table 3.4: Consumer Banking Portfolio by Credit Quality Indicator


	September 30, 2022
	Term Loans by Vintage Year
(Dollars in millions)	2022		2021		2020		2019		2018		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total

Auto—At origination FICO scores:(1)
Greater than 660	$	15,488	$	15,559	$	6,005	$	3,020	$	1,300	$	502	$	41,874	$	0	$	0	$	41,874
621-660	5,301		5,543		2,535		1,349		626		270		15,624		0		0		15,624
620 or below	6,505		7,124		4,364		2,459		1,098		532		22,082		0		0		22,082
Total auto	27,294		28,226		12,904		6,828		3,024		1,304		79,580		0		0		79,580

Retail banking—Delinquency status:
Current	153		136		91		135		130		505		1,150		425		5		1,580
30-59 days	0		1		0		0		4		2		7		8		0		15
60-89 days	0		1		0		2		0		0		3		2		0		5
Greater than 90 days	0		0		1		0		3		9		13		4		2		19
Total retail banking(2)	153		138		92		137		137		516		1,173		439		7		1,619
Total consumer banking	$	27,447	$	28,364	$	12,996	$	6,965	$	3,161	$	1,820	$	80,753	$	439	$	7	$	81,199


	December 31, 2021
	Term Loans by Vintage Year
(Dollars in millions)	2021		2020		2019		2018		2017		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total

Auto—At origination FICO scores:(1)
Greater than 660	$	20,758	$	8,630	$	4,739	$	2,394	$	1,153	$	301	$	37,975	$	0	$	0	$	37,975
621-660	7,456		3,721		2,109		1,084		537		157		15,064		0		0		15,064
620 or below	9,522		6,336		3,767		1,840		949		326		22,740		0		0		22,740
Total auto	37,736		18,687		10,615		5,318		2,639		784		75,779		0		0		75,779

Retail banking—Delinquency status:
Current	285		171		172		161		176		491		1,456		345		6		1,807
30-59 days	0		2		2		7		0		1		12		23		0		35
60-89 days	0		4		0		0		0		2		6		1		0		7
Greater than 90 days	0		1		0		1		1		9		12		4		2		18
Total retail banking(2)	285		178		174		169		177		503		1,486		373		8		1,867
Total consumer banking	$	38,021	$	18,865	$	10,789	$	5,487	$	2,816	$	1,287	$	77,265	$	373	$	8	$	77,646

__________

(1)Amounts represent period-end loans held for investment in each credit score category. Auto credit scores generally represent average FICO scores obtained from three credit bureaus at the time of application and are not refreshed thereafter. Balances for which no credit score is available or the credit score is invalid are included in the 620 or below category.

(2)Includes Paycheck Protection Program (“PPP”) loans of $38 million and $232 million as of September 30, 2022 and December 31, 2021, respectively.

Commercial Banking

The key credit quality indicator for our commercial loan portfolios is our internal risk ratings. We assign internal risk ratings to loans based on relevant information about the ability of the borrowers to repay their debt. In determining the risk rating of a particular loan, some of the factors considered are the borrower’s current financial condition, historical and projected future credit performance, prospects for support from financially responsible guarantors, the estimated realizable value of any collateral and current economic trends. The scale based on our internal risk rating system is as follows:

•Noncriticized: Loans that have not been designated as criticized, frequently referred to as “pass” loans.

•Criticized performing: Loans in which the financial condition of the obligor is stressed, affecting earnings, cash flows or collateral values. The borrower currently has adequate capacity to meet near-term obligations; however, the stress, left unabated, may result in deterioration of the repayment prospects at some future date.

•Criticized nonperforming: Loans that are not adequately protected by the current net worth and paying capacity of the obligor or the collateral pledged, if any. Loans classified as criticized nonperforming have a well-defined weakness, or weaknesses, which jeopardize the full repayment of the debt. These loans are characterized by the distinct possibility that we will sustain a credit loss if the deficiencies are not corrected and are generally placed on nonaccrual status.

We use our internal risk rating system for regulatory reporting, determining the frequency of credit exposure reviews, and evaluating and determining the allowance for credit losses for commercial loans. Generally, loans that are designated as criticized performing and criticized nonperforming are reviewed quarterly by management to determine if they are appropriately classified/rated and whether any impairment exists. Noncriticized loans are also generally reviewed, at least annually, to determine the appropriate risk rating. In addition, we evaluate the risk rating during the renewal process of any loan or if a loan becomes past due.

The following table presents our commercial banking portfolio of loans held for investment by internal risk ratings as of September 30, 2022 and December 31, 2021. The internal risk rating status includes all past due loans, both performing and nonperforming.

Table 3.5: Commercial Banking Portfolio by Internal Risk Ratings


	September 30, 2022
	Term Loans by Vintage Year
(Dollars in millions)	2022		2021		2020		2019		2018		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total
Internal risk rating:(1)
Commercial and multifamily real estate
Noncriticized	$	7,785	$	4,837	$	1,748	$	1,986	$	1,502	$	3,237	$	21,095	$	13,861	$	25	$	34,981
Criticized performing	529		280		161		439		314		1,140		2,863		138		0		3,001
Criticized nonperforming	102		0		0		7		19		115		243		0		0		243
Total commercial and multifamily real estate	8,416		5,117		1,909		2,432		1,835		4,492		24,201		13,999		25		38,225
Commercial and industrial
Noncriticized	16,701		7,028		4,907		3,186		1,744		3,492		37,058		17,491		29		54,578
Criticized performing	787		566		158		293		147		123		2,074		647		0		2,721
Criticized nonperforming	148		23		6		42		41		6		266		41		0		307
Total commercial and industrial	17,636		7,617		5,071		3,521		1,932		3,621		39,398		18,179		29		57,606
Total commercial banking(2)	$	26,052	$	12,734	$	6,980	$	5,953	$	3,767	$	8,113	$	63,599	$	32,178	$	54	$	95,831


	December 31, 2021
	Term Loans by Vintage Year
(Dollars in millions)	2021		2020		2019		2018		2017		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total
Internal risk rating:(1)
Commercial and multifamily real estate
Noncriticized	$	6,590	$	2,924	$	3,393	$	2,401	$	793	$	3,538	$	19,639	$	12,286	$	0	$	31,925
Criticized performing	248		195		329		317		261		1,478		2,828		101		25		2,954
Criticized nonperforming	0		0		88		20		9		266		383		0		0		383
Total commercial and multifamily real estate	6,838		3,119		3,810		2,738		1,063		5,282		22,850		12,387		25		35,262
Commercial and industrial
Noncriticized	12,662		7,039		5,506		2,750		1,730		3,033		32,720		14,310		59		47,089
Criticized performing	279		188		838		207		120		167		1,799		456		0		2,255
Criticized nonperforming	32		52		85		93		6		10		278		38		0		316
Total commercial and industrial	12,973		7,279		6,429		3,050		1,856		3,210		34,797		14,804		59		49,660
Total commercial banking(2)	$	19,811	$	10,398	$	10,239	$	5,788	$	2,919	$	8,492	$	57,647	$	27,191	$	84	$	84,922

__________

(1)Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by bank regulatory authorities.

(2)Includes PPP loans of $32 million and $102 million as of September 30, 2022 and December 31, 2021, respectively.

Troubled Debt Restructurings

As part of our loss mitigation efforts, we may provide short-term (one to twelve months) or long-term (greater than twelve months) modifications to a borrower experiencing financial difficulty to improve long-term collectability of the loan and to avoid the need for repossession or foreclosure of collateral.

We consider the impact of all loan modifications, whether or not that modification is classified as a troubled debt restructuring (“TDR”), when estimating the credit quality of our loan portfolio and establishing allowance levels. For our Commercial Banking customers, loan modifications are also considered in the assignment of an internal risk rating.

Additional guidance issued by the Federal Banking Agencies and contained in the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) provided banking organizations with TDR relief for loan modifications to certain qualifying borrowers impacted by the Coronavirus Disease of 2019 (“COVID-19”) pandemic. The guidance in the CARES Act expired on January 1, 2022 at which time we also concurrently ceased applying the additional guidance issued by the Federal Banking Agencies.

Total recorded TDRs were $2.3 billion and $1.6 billion as of September 30, 2022 and December 31, 2021, respectively. TDRs classified as performing in our credit card and consumer banking loan portfolios totaled $1.4 billion and $1.1 billion as of September 30, 2022 and December 31, 2021, respectively. TDRs classified as performing in our commercial banking loan portfolio totaled $415 million and $192 million as of September 30, 2022 and December 31, 2021, respectively. Commitments to lend additional funds on loans modified in a TDR totaled $214 million and $168 million as of September 30, 2022 and December 31, 2021, respectively.

The following tables present the major modification types, amortized cost amounts and financial effects of loans modified in a TDR during the three and nine months ended September 30, 2022 and 2021.

Table 3.6: Troubled Debt Restructurings


			Three Months Ended September 30, 2022
			Reduced Interest Rate				Term Extension
(Dollars in millions)	Total Loans Modified(1)		% of TDR Activity(2)		Average Rate Reduction		% of TDR Activity(2)		Average Term Extension (Months)
Credit Card:
Domestic credit card	$	77	100	%	16.79	%	N/A		N/A
International card businesses	29		100		27.52		N/A		N/A
Total credit card	106		100		19.77		N/A		N/A
Consumer Banking:
Auto	275		64		8.45		97	%	5
Retail banking	1		N/A		N/A		60		14
Total consumer banking	276		64		8.45		97		5
Commercial Banking:
Commercial and multifamily real estate	38		58		0.78		100		11
Commercial and industrial	75		N/A		N/A		98		17
Total commercial banking	113		20		0.78		99		15
Total	$	495


			Nine Months Ended September 30, 2022
			Reduced Interest Rate				Term Extension
(Dollars in millions)	Total Loans Modified(1)		% of TDR Activity(2)		Average Rate Reduction		% of TDR Activity(2)		Average Term Extension (Months)
Credit Card:
Domestic credit card	$	196	100	%	15.76	%	N/A		N/A
International card businesses	93		100		27.73		N/A		N/A
Total credit card	289		100		19.63		N/A		N/A
Consumer Banking:
Auto	794		56		8.59		97	%	4
Retail banking	2		N/A		N/A		76		13
Total consumer banking	796		56		8.59		97		4
Commercial Banking:
Commercial and multifamily real estate	302		10		0.35		80		13
Commercial and industrial	242		N/A		N/A		62		14
Total commercial banking	544		6		0.35		72		13
Total	$	1,629


			Three Months Ended September 30, 2021
			Reduced Interest Rate				Term Extension
(Dollars in millions)	Total Loans Modified(1)		% of TDR Activity(2)		Average Rate Reduction		% of TDR Activity(2)		Average Term Extension (Months)
Credit Card:
Domestic credit card	$	37	100	%	15.80	%	N/A		N/A
International card businesses	28		100		27.75		N/A		N/A
Total credit card	65		100		20.90		N/A		N/A
Consumer Banking:
Auto	89		48		8.54		92	%	4

Total consumer banking	89		48		8.54		92		4
Commercial Banking:
Commercial and multifamily real estate	21		14		2.50		100		12
Commercial and industrial	4		N/A		N/A		100		4
Total commercial banking	25		12		2.50		100		11
Total	$	179


			Nine Months Ended September 30, 2021
			Reduced Interest Rate				Term Extension		Balance Reduction
(Dollars in millions)	Total Loans Modified(1)		% of TDR Activity(2)		Average Rate Reduction		% of TDR Activity(2)	Average Term Extension (Months)	% of TDR Activity(2)	Gross Balance Reduction
Credit Card:
Domestic credit card	$	114	100	%	16.00	%	N/A	N/A	N/A	N/A
International card businesses	94		100		27.66		N/A	N/A	N/A	N/A
Total credit card	208		100		21.26		N/A	N/A	N/A	N/A
Consumer Banking:
Auto	269		40		8.74		93	4	—	$	1
Retail banking	1		20		2.55		36	67	N/A	N/A
Total consumer banking	270		40		8.72		93	4	—	1
Commercial Banking:
Commercial and multifamily real estate	41		7		1.29		100	13	N/A	N/A
Commercial and industrial	82		N/A		N/A		41	8	N/A	N/A
Total commercial banking	123		2		1.29		61	11	N/A	N/A
Total	$	601

__________

(1)Represents the amortized cost of total loans modified in TDR at the end of the period in which they were modified. As not every modification type is included in the table above, the total percentage of TDR activity may not add up to 100%. Some loans may receive more than one type of modification.

(2)Due to multiple modification types granted to some troubled borrowers, percentages may total more than 100% for certain loan types.

Subsequent Defaults of Completed TDR Modifications

The following table presents the type, number and amortized cost of loans modified in a TDR that experienced a default during the period and had completed a modification event in the twelve months prior to the default. A default occurs if the loan is

either 90 days or more delinquent, has been charged off as of the end of the period presented or has been reclassified from accrual to nonaccrual status.

Table 3.7: TDR—Subsequent Defaults


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
(Dollars in millions)	Number of Contracts	Amount		Number of Contracts	Amount		Number of Contracts	Amount		Number of Contracts	Amount
Credit Card:
Domestic credit card	9,927	$	19	4,168	$	7	23,951	$	47	13,528	$	25
International card businesses	18,971	19		12,680	17		55,089	58		44,709	68
Total credit card	28,898	38		16,848	24		79,040	105		58,237	93
Consumer Banking:
Auto	4,592	82		2,151	34		10,102	178		6,453	98
Retail banking	0	0		1	0		0	0		9	0
Total consumer banking	4,592	82		2,152	34		10,102	178		6,462	98
Commercial Banking:
Commercial and multifamily real estate	0	0		0	0		0	0		1	50
Commercial and industrial	0	0		1	38		3	35		7	120
Total commercial banking	0	0		1	38		3	35		8	170
Total	33,490	$	120	19,001	$	96	89,145	$	318	64,707	$	361

Loans Pledged

We pledged loan collateral of $9.8 billion and $10.3 billion to secure a portion of of our FHLB borrowing capacity of $18.5 billion and $19.7 billion as of September 30, 2022 and December 31, 2021, respectively. We also pledged loan collateral of $34.5 billion and $26.5 billion to secure our Federal Reserve Discount Window borrowing capacity of $21.6 billion and $19.6 billion as of September 30, 2022 and December 31, 2021, respectively. In addition to loans pledged, we have securitized a portion of our credit card and auto loan portfolios. See “Note 5—Variable Interest Entities and Securitizations” for additional information.

Revolving Loans Converted to Term Loans

For the three and nine months ended September 30, 2022, we converted $51 million and $383 million of revolving loans to term loans, respectively, primarily in our domestic credit card and commercial banking loan portfolios. For the three and nine months ended September 30, 2021, we converted $37 million and $172 million of revolving loans to term loans, respectively, primarily in our domestic credit card and commercial banking loan portfolios.

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments

9 Months Ended

Sep. 30, 2022

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Allowance for Credit Losses and Reserve for Unfunded Lending Commitment


NOTE 4—ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR UNFUNDED LENDING COMMITMENTS

Our allowance for credit losses represents management’s current estimate of expected credit losses over the contractual terms of our loans held for investment as of each balance sheet date. Expected recoveries of amounts previously charged off or expected to be charged off are recognized within the allowance. Significant judgment is applied in our estimation of lifetime credit losses. When developing an estimate of expected credit losses, we use both quantitative and qualitative methods in considering all available information relevant to assessing collectability. This may include internal information, external information or a combination of both relating to past events, current conditions and reasonable and supportable forecasts. Management will consider and may qualitatively adjust for conditions, changes and trends in loan portfolios that may not be captured in modeled results. These adjustments are referred to as qualitative factors and represent management’s judgment of the imprecision and risks inherent in the processes and assumptions used in establishing the allowance for credit losses.

We have unfunded lending commitments in our Commercial Banking business that are not unconditionally cancellable by us and for which we estimate expected credit losses in establishing a reserve. This reserve is measured using the same measurement objectives as the allowance for loans held for investment. We build or release the reserve for unfunded lending commitments through the provision for credit losses in our consolidated statements of income, and the related reserve for unfunded lending commitments is included in other liabilities on our consolidated balance sheets.

See “Note 1—Summary of Significant Accounting Policies” in our 2021 Form 10-K for further discussion of the methodology and policy for determining our allowance for credit losses for each of our loan portfolio segments, as well as information on our reserve for unfunded lending commitments.

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity

The table below summarizes changes in the allowance for credit losses and reserve for unfunded lending commitments by portfolio segment for the three and nine months ended September 30, 2022 and 2021. Our allowance for credit losses increased by $779 million to $12.2 billion as of September 30, 2022 from December 31, 2021.

Table 4.1: Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity


	Three Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Allowance for credit losses:
Balance as of June 30, 2022	$	8,166	$	2,047	$	1,278	$	11,491
Charge-offs	(1,047)		(410)		(13)		(1,470)
Recoveries(1)	352		186		1		539
Net charge-offs	(695)		(224)		(12)		(931)
Provision (benefit) for credit losses	1,261		285		119		1,665
Allowance build (release) for credit losses	566		61		107		734
Other changes(2)	(16)		0		0		(16)
Balance as of September 30, 2022	8,716		2,108		1,385		12,209
Reserve for unfunded lending commitments:
Balance as of June 30, 2022	0		0		239		239
Provision for losses on unfunded lending commitments	0		0		4		4
Balance as of September 30, 2022	0		0		243		243
Combined allowance and reserve as of September 30, 2022	$	8,716	$	2,108	$	1,628	$	12,452


	Nine Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Allowance for credit losses:
Balance as of December 31, 2021	$	8,345	$	1,918	$	1,167	$	11,430
Charge-offs	(3,011)		(1,090)		(73)		(4,174)
Recoveries(1)	1,031		584		16		1,631
Net charge-offs	(1,980)		(506)		(57)		(2,543)
Provision (benefit) for credit losses	2,387		696		275		3,358
Allowance build (release) for credit losses	407		190		218		815
Other changes(2)	(36)		0		0		(36)
Balance as of September 30, 2022	8,716		2,108		1,385		12,209
Reserve for unfunded lending commitments:
Balance as of December 31, 2021	0		0		165		165
Provision for losses on unfunded lending commitments	0		0		78		78
Balance as of September 30, 2022	0		0		243		243
Combined allowance and reserve as of September 30, 2022	$	8,716	$	2,108	$	1,628	$	12,452


	Three Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Allowance for credit losses:
Balance as of June 30, 2021	$	8,873	$	2,203	$	1,270	$	12,346
Charge-offs	(735)		(264)		(20)		(1,019)
Recoveries(1)	369		213		11		593
Net charge-offs	(366)		(51)		(9)		(426)
Provision (benefit) for credit losses	(198)		(91)		(55)		(344)
Allowance build (release) for credit losses	(564)		(142)		(64)		(770)
Other changes(2)	(3)		0		0		(3)
Balance as of September 30, 2021	8,306		2,061		1,206		11,573
Reserve for unfunded lending commitments:
Balance as of June 30, 2021	0		0		164		164
Provision (benefit) for losses on unfunded lending commitments	0		0		2		2
Balance as of September 30, 2021	0		0		166		166
Combined allowance and reserve as of September 30, 2021	$	8,306	$	2,061	$	1,372	$	11,739


	Nine Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Allowance for credit losses:
Balance as of December 31, 2020	$	11,191	$	2,715	$	1,658	$	15,564
Charge-offs	(2,695)		(866)		(47)		(3,608)
Recoveries(1)	1,125		735		41		1,901
Net charge-offs	(1,570)		(131)		(6)		(1,707)
Provision (benefit) for credit losses	(1,325)		(523)		(446)		(2,294)
Allowance build (release) for credit losses	(2,895)		(654)		(452)		(4,001)
Other changes(2)	10		0		0		10
Balance as of September 30, 2021	8,306		2,061		1,206		11,573


	Nine Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Reserve for unfunded lending commitments:
Balance as of December 31, 2020	0		0		195		195
Provision (benefit) for losses on unfunded lending commitments	0		0		(29)		(29)
Balance as of September 30, 2021	0		0		166		166
Combined allowance and reserve as of September 30, 2021	$	8,306	$	2,061	$	1,372	$	11,739

__________

(1)The amount and timing of recoveries are impacted by our collection strategies, which are based on customer behavior and risk profile and include direct customer communications, repossession of collateral, the periodic sale of charged off loans as well as additional strategies, such as litigation.

(2)Primarily represents foreign currency translation adjustments and initial allowance for purchase credit-deteriorated loans. The initial allowance of purchase credit-deteriorated loans was $10 million for the three and nine months ended September 30, 2022 and $6 million for the three and nine months ended September 30, 2021.

Credit Card Partnership Loss Sharing Arrangements

We have certain credit card partnership agreements that are presented within our consolidated financial statements on a net basis, in which our partner agrees to share a portion of the credit losses on the underlying loan portfolio. The expected reimbursements from these partners are netted against our allowance for credit losses. Our methodology for estimating reimbursements is consistent with the methodology we use to estimate the allowance for credit losses on our credit card loan receivables. These expected reimbursements result in reductions to net charge-offs and the provision for credit losses. See “Note 1—Summary of Significant Accounting Policies” in our 2021 Form 10-K for further discussion of our credit card partnership agreements.

The table below summarizes the changes in the estimated reimbursements from these partners for the three and nine months ended September 30, 2022 and 2021.

Table 4.2: Summary of Credit Card Partnership Loss Sharing Arrangements Impacts


	Three Months Ended September 30,
(Dollars in millions)	2022		2021
Estimated reimbursements from partners, beginning of period	$	1,302	$	1,711
Amounts due from partners which reduced net charge-offs	(127)		(80)
Amounts expected to become due from (to) partners which reduced (increased) provision for credit losses	237		(181)
Estimated reimbursements from partners, end of period	$	1,412	$	1,450


	Nine Months Ended September 30,
(Dollars in millions)	2022		2021
Estimated reimbursements from partners, beginning of period	$	1,450	$	2,159
Amounts due from partners which reduced net charge-offs	(353)		(349)
Amounts expected to become due from (to) partners which reduced (increased) provision for credit losses	315		(360)
Estimated reimbursements from partners, end of period	$	1,412	$	1,450

Variable Interest Entities and Securitizations

9 Months Ended

Sep. 30, 2022

Variable Interest Entities and Securitization [Abstract]

Variable Interest Entities and Securitizations


NOTE 5—VARIABLE INTEREST ENTITIES AND SECURITIZATIONS

In the normal course of business, we enter into various types of transactions with entities that are considered to be variable interest entities (“VIEs”). Our primary involvement with VIEs is related to our securitization transactions in which we transfer assets to securitization trusts. We primarily securitize credit card and auto loans, which has provided a source of funding for us and enabled us to transfer a certain portion of the economic risk of the loans or related debt securities to third parties.

The entity that has a controlling financial interest in a VIE is referred to as the primary beneficiary and is required to consolidate the VIE. The majority of the VIEs in which we are involved have been consolidated in our financial statements.

Summary of Consolidated and Unconsolidated VIEs

The assets of our consolidated VIEs primarily consist of cash, loan receivables and the related allowance for credit losses, which we report on our consolidated balance sheets under restricted cash for securitization investors, loans held in consolidated trusts and allowance for credit losses, respectively. The assets of a particular VIE are the primary source of funds to settle its obligations. Creditors of these VIEs typically do not have recourse to our general credit. Liabilities primarily consist of debt securities issued by the VIEs, which we report under securitized debt obligations on our consolidated balance sheets. For unconsolidated VIEs, we present the carrying amount of assets and liabilities reflected on our consolidated balance sheets and our maximum exposure to loss. Our maximum exposure to loss is estimated based on the unlikely event that all of the assets in the VIEs become worthless and we are required to meet the maximum amount of any remaining funding obligations.

The tables below present a summary of VIEs in which we had continuing involvement or held a significant variable interest, aggregated based on VIEs with similar characteristics as of September 30, 2022 and December 31, 2021. We separately present information for consolidated and unconsolidated VIEs.

Table 5.1: Carrying Amount of Consolidated and Unconsolidated VIEs


	September 30, 2022
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets		Carrying Amount of Liabilities		Maximum Exposure to Loss
Securitization-Related VIEs:(1)
Credit card loan securitizations(2)	$	20,544	$	12,374	$	0	$	0	$	0
Auto loan securitizations	5,420		4,488		0		0		0
Total securitization-related VIEs	25,964		16,862		0		0		0
Other VIEs:(3)
Affordable housing entities	259		20		4,754		1,495		4,754
Entities that provide capital to low-income and rural communities	2,337		10		0		0		0
Other	0		0		341		0		341
Total other VIEs	2,596		30		5,095		1,495		5,095
Total VIEs	$	28,560	$	16,892	$	5,095	$	1,495	$	5,095


	December 31, 2021
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets		Carrying Amount of Liabilities		Maximum Exposure to Loss
Securitization-Related VIEs:(1)
Credit card loan securitizations(2)	$	21,569	$	13,016	$	0	$	0	$	0
Auto loan securitizations	2,552		2,187		0		0		0
Total securitization-related VIEs	24,121		15,203		0		0		0


	December 31, 2021
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets		Carrying Amount of Liabilities		Maximum Exposure to Loss
Other VIEs:(3)
Affordable housing entities	263		27		4,774		1,454		4,774
Entities that provide capital to low-income and rural communities	2,074		26		0		0		0
Other	0		0		383		0		383
Total other VIEs	2,337		53		5,157		1,454		5,157
Total VIEs	$	26,458	$	15,256	$	5,157	$	1,454	$	5,157

__________

(1)Excludes insignificant VIEs from previously exited businesses.

(2)Represents the carrying amount of assets and liabilities of the VIE, which includes the seller’s interest and repurchased notes held by other related parties.

(3)In certain investment structures, we consolidate a VIE which in turn holds as its primary asset an investment in an unconsolidated VIE. In these instances, we disclose the carrying amount of assets and liabilities on our consolidated balance sheets as unconsolidated VIEs to avoid duplicating our exposure, as the unconsolidated VIEs are generally the operating entities generating the exposure. The carrying amount of assets and liabilities included in the unconsolidated VIE columns above related to these investment structures were $2.2 billion of assets and $562 million of liabilities as of September 30, 2022, and $2.2 billion of assets and $568 million of liabilities as of December 31, 2021.

Securitization-Related VIEs

In a securitization transaction, assets are transferred to a trust, which generally meets the definition of a VIE. We engage in securitization activities as an issuer and an investor. Our primary securitization issuance activity includes credit card and auto securitizations, conducted through securitization trusts which we consolidate. Our continuing involvement in these securitization transactions mainly consists of acting as the primary servicer and holding certain retained interests.

In our multifamily agency business, we originate multifamily commercial real estate loans and transfer them to government-sponsored enterprises (“GSEs”) who may, in turn, securitize them. We retain the related mortgage servicing rights (“MSRs”) and service the transferred loans pursuant to the guidelines set forth by the GSEs. As an investor, we hold primarily RMBS, CMBS, and ABS in our investment securities portfolio, which represent variable interests in the respective securitization trusts from which those securities were issued. We do not consolidate the securitization trusts employed in these transactions as we do not have the power to direct the activities that most significantly impact the economic performance of these securitization trusts. We exclude these VIEs from the tables within this note because we do not consider our continuing involvement with these VIEs to be significant as we either invest in securities issued by the VIE and were not involved in the design of the VIE or no transfers have occurred between the VIE and us. Our maximum exposure to loss as a result of our involvement with these VIEs is the carrying value of the MSRs and investment securities on our consolidated balance sheets as well as our contractual obligations under loss sharing arrangements. See “Note 6—Goodwill and Other Intangible Assets” for information related to our MSRs associated with these securitizations and “Note 2—Investment Securities” for more information on the securities held in our investment securities portfolio. In addition, where we have certain lending arrangements in the normal course of business with entities that could be VIEs, we have also excluded these VIEs from the tables presented in this note. See “Note 3—Loans” for additional information regarding our lending arrangements in the normal course of business.

The table below presents our continuing involvement in certain securitization-related VIEs as of September 30, 2022 and December 31, 2021.

Table 5.2: Continuing Involvement in Securitization-Related VIEs


(Dollars in millions)	Credit Card		Auto
September 30, 2022:
Securities held by third-party investors	$	11,443	$	4,483
Receivables in the trusts	21,155		5,212
Cash balance of spread or reserve accounts	0		23
Retained interests	Yes		Yes
Servicing retained	Yes		Yes
December 31, 2021:
Securities held by third-party investors	$	12,808	$	2,186
Receivables in the trust	22,454		2,418
Cash balance of spread or reserve accounts	0		13
Retained interests	Yes		Yes
Servicing retained	Yes		Yes

Credit Card Securitizations

We securitize a portion of our credit card loans which provides a source of funding for us. Credit card securitizations involve the transfer of credit card receivables to securitization trusts. These trusts then issue debt securities collateralized by the transferred receivables to third-party investors. We hold certain retained interests in our credit card securitizations and continue to service the receivables in these trusts. We consolidate these trusts because we are deemed to be the primary beneficiary as we have the power to direct the activities that most significantly impact the economic performance of the trusts, and the right to receive benefits or the obligation to absorb losses that could potentially be significant to the trusts.

Auto Securitizations

Similar to our credit card securitizations, we securitize a portion of our auto loans which provides a source of funding for us. Auto securitizations involve the transfer of auto loans to securitization trusts. These trusts then issue debt securities collateralized by the transferred loans to third-party investors. We hold certain retained interests and continue to service the loans in these trusts. We consolidate these trusts because we are deemed to be the primary beneficiary as we have the power to direct the activities that most significantly impact the economic performance of the trusts, and the right to receive benefits or the obligation to absorb losses that could potentially be significant to the trusts.

Other VIEs

Affordable Housing Entities

As part of our community reinvestment initiatives, we invest in private investment funds that make equity investments in multifamily affordable housing properties. We receive affordable housing tax credits for these investments. The activities of these entities are financed with a combination of invested equity capital and debt. We account for certain investments in qualified affordable housing projects using the proportional amortization method if certain criteria are met. The proportional amortization method amortizes the cost of the investment over the period in which the investor expects to receive tax credits and other tax benefits, and the resulting amortization is recognized as a component of income tax expense attributable to continuing operations. For the nine months ended September 30, 2022 and 2021, we recognized amortization of $484 million and $477 million, respectively, and tax credits of $582 million and $560 million, respectively, associated with these investments within income tax provision. The carrying value of our equity investments in these qualified affordable housing projects was $4.8 billion and $4.7 billion as of September 30, 2022 and December 31, 2021, respectively. We are periodically required to provide additional financial or other support during the period of the investments. Our liability for these unfunded

commitments was $1.7 billion as of both September 30, 2022 and December 31, 2021, and is largely expected to be paid from 2022 to 2025.

For those investment funds considered to be VIEs, we are not required to consolidate them if we do not have the power to direct the activities that most significantly impact the economic performance of those entities. We record our interests in these unconsolidated VIEs in loans held for investment, other assets and other liabilities on our consolidated balance sheets. Our maximum exposure to these entities is limited to our variable interests in the entities which consisted of assets of approximately $4.8 billion as of both September 30, 2022 and December 31, 2021. The creditors of the VIEs have no recourse to our general credit and we do not provide additional financial or other support other than during the period that we are contractually required to provide it. The total assets of the unconsolidated VIE investment funds were approximately $12.5 billion and $11.9 billion as of September 30, 2022 and December 31, 2021, respectively.

Entities that Provide Capital to Low-Income and Rural Communities

We hold variable interests in entities (“Investor Entities”) that invest in community development entities (“CDEs”) that provide debt financing to businesses and non-profit entities in low-income and rural communities. Variable interests in the CDEs held by the consolidated Investor Entities are also our variable interests. The activities of the Investor Entities are financed with a combination of invested equity capital and debt. The activities of the CDEs are financed solely with invested equity capital. We receive federal and state tax credits for these investments. We consolidate the VIEs in which we have the power to direct the activities that most significantly impact the VIE’s economic performance and where we have the obligation to absorb losses or right to receive benefits that could be potentially significant to the VIE. We consolidate other investments and CDEs that are not considered to be VIEs, but where we hold a controlling financial interest. The assets of the VIEs that we consolidated, which totaled approximately $2.3 billion and $2.1 billion as of September 30, 2022 and December 31, 2021, respectively, are reflected on our consolidated balance sheets in cash, loans held for investment, and other assets. The liabilities are reflected in other liabilities. The creditors of the VIEs have no recourse to our general credit. We have not provided additional financial or other support other than during the period that we are contractually required to provide it.

Other

We hold variable interests in other VIEs, including companies that promote renewable energy sources and other equity method investments. We are not required to consolidate these VIEs because we do not have the power to direct the activities that most significantly impact their economic performance. Our maximum exposure to these VIEs is limited to the investments on our consolidated balance sheets of $341 million and $383 million as of September 30, 2022 and December 31, 2021, respectively. The creditors of the other VIEs have no recourse to our general credit. We have not provided additional financial or other support other than during the period that we are contractually required to provide it.

Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets


NOTE 6—GOODWILL AND OTHER INTANGIBLE ASSETS

The table below presents our goodwill, other intangible assets and MSRs as of September 30, 2022 and December 31, 2021. Goodwill is presented separately, while other intangible assets and MSRs are included in other assets on our consolidated balance sheets.

Table 6.1: Components of Goodwill, Other Intangible Assets and MSRs


	September 30, 2022
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization		Net Carrying Amount
Goodwill	$	14,771	N/A		$	14,771
Other intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	146		$	(18)	128

Other(1)	213		(158)		55
Total other intangible assets	359		(176)		183
Total goodwill and other intangible assets	$	15,130	$	(176)	$	14,954
Commercial MSRs(2)	$	646	$	(215)	$	431

	December 31, 2021
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization		Net Carrying Amount
Goodwill	$	14,782	N/A		$	14,782
Other intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	29		$	(10)	19

Other(1)	213		(121)		92
Total other intangible assets	242		(131)		111
Total goodwill and other intangible assets	$	15,024	$	(131)	$	14,893
Commercial MSRs(2)	$	622	$	(202)	$	420

__________

(1)Primarily consists of intangibles for sponsorship, customer and merchant relationships, partnership, trade names and other customer contract intangibles.

(2)Commercial MSRs are accounted for under the amortization method on our consolidated balance sheets.

Amortization expense for amortizable intangible assets, which is presented separately in our consolidated statements of income, totaled $17 million and $45 million for the three and nine months ended September 30, 2022, respectively, and $5 million and $16 million for the three and nine months ended September 30, 2021, respectively.

Goodwill

The following table presents changes in carrying amount of goodwill by each of our business segments as of September 30, 2022 and December 31, 2021.

Table 6.2: Goodwill by Business Segments


(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total








Balance as of December 31, 2021	$	5,087	$	4,645	$	5,050	$	14,782


Other adjustments(1)	(15)		0		4		(11)
Balance as of September 30, 2022	$	5,072	$	4,645	$	5,054	$	14,771

__________

(1)Represents foreign currency translation adjustments and measurement period adjustments on prior period acquisitions.

Deposits and Borrowings

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Deposits and Borrowings


NOTE 7—DEPOSITS AND BORROWINGS

Our deposits represent our largest source of funding for our assets and operations, and include checking accounts, money market deposits, negotiable order of withdrawals, savings deposits and time deposits. We also use a variety of other funding sources including short-term borrowings, senior and subordinated notes, securitized debt obligations and other borrowings. Securitized debt obligations are presented separately on our consolidated balance sheets, as they represent obligations of consolidated securitization trusts, while federal funds purchased and securities loaned or sold under agreements to repurchase, senior and subordinated notes and other borrowings, including FHLB advances, are included in other debt on our consolidated balance sheets.

Our total short-term borrowings generally consist of federal funds purchased and securities loaned or sold under agreements to repurchase. Our long-term debt consists of borrowings with an original contractual maturity of greater than one year. The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of September 30, 2022 and December 31, 2021. The carrying value presented below for these borrowings includes unamortized debt premiums and discounts, net of debt issuance costs and fair value hedge accounting adjustments.

Table 7.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt


(Dollars in millions)	September 30, 2022		December 31, 2021
Deposits:
Non-interest-bearing deposits	$	34,391	$	38,043
Interest-bearing deposits(1)	282,802		272,937
Total deposits	$	317,193	$	310,980
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	528	$	820

Total short-term borrowings	$	528	$	820


	September 30, 2022					December 31, 2021
(Dollars in millions)	Maturity Dates	Stated Interest Rates	Weighted-Average Interest Rate	Carrying Value		Carrying Value
Long-term debt:
Securitized debt obligations	2023-2028	0.32% - 3.74%	2.27%	$	15,926	$	14,994
Senior and subordinated notes:
Fixed unsecured senior debt(2)	2023-2033	0.80 - 5.27	3.44	23,957		19,975
Floating unsecured senior debt	2023-2025	3.53 - 4.31	3.77	1,597		1,709
Total unsecured senior debt			3.46	25,554		21,684
Fixed unsecured subordinated debt	2023-2032	2.36 - 4.20	3.52	5,061		5,535
Total senior and subordinated notes				30,615		27,219
Other long-term borrowings:
FHLB advances	2023	3.07 - 3.19	3.13	7,500		0
Finance lease liabilities	2022 - 2031	0.30 - 9.91	3.92	38		53
Total other long-term borrowings				7,538		53
Total long-term debt				$	54,079	$	42,266
Total short-term borrowings and long-term debt				$	54,607	$	43,086

__________

(1)Includes $3.9 billion and $1.8 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of September 30, 2022 and December 31, 2021, respectively.

(2)Includes $1.1 billion and $1.4 billion of Euro (“EUR”) denominated unsecured notes as of September 30, 2022 and December 31, 2021, respectively.

Derivative Instruments and Hedging Activities

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities


NOTE 8—DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Use of Derivatives and Accounting for Derivatives

We regularly enter into derivative transactions to support our overall risk management activities. Our primary market risks stem from the impact on our earnings and economic value of equity due to changes in interest rates and, to a lesser extent, changes in foreign exchange rates. We manage our interest rate sensitivity by employing several techniques, which include changing the duration and re-pricing characteristics of various assets and liabilities by using interest rate derivatives. We also use foreign currency derivatives to limit our earnings and capital exposures to foreign exchange risk by hedging exposures denominated in foreign currencies. We primarily use interest rate and foreign currency swaps to hedge, but we may also use a variety of other derivative instruments, including caps, floors, options, futures and forward contracts, to manage our interest rate and foreign exchange risks. We designate these risk management derivatives as either qualifying accounting hedges or free-standing derivatives. Qualifying accounting hedges are further designated as fair value hedges, cash flow hedges or net investment hedges. Free-standing derivatives are economic hedges that do not qualify for hedge accounting.

We also offer interest rate, commodity, foreign currency derivatives and other contracts as an accommodation to our customers within our Commercial Banking business. We enter into these derivatives with our customers primarily to help them manage their interest rate risks, hedge their energy and other commodities exposures, and manage foreign currency fluctuations. We then enter into derivative contracts with counterparties to economically hedge substantially all of our subsequent exposures.

See below for additional information on our use of derivatives and how we account for them:

•Fair Value Hedges: We designate derivatives as fair value hedges when they are used to manage our exposure to changes in the fair value of certain financial assets and liabilities, which fluctuate in value as a result of movements in interest rates. Changes in the fair value of derivatives designated as fair value hedges are presented in the same line item in our consolidated statements of income as the earnings effect of the hedged items. Our fair value hedges primarily consist of interest rate swaps that are intended to modify our exposure to interest rate risk on various fixed-rate financial assets and liabilities.

•Cash Flow Hedges: We designate derivatives as cash flow hedges when they are used to manage our exposure to variability in cash flows related to forecasted transactions. Changes in the fair value of derivatives designated as cash flow hedges are recorded as a component of accumulated other comprehensive income (“AOCI”). Those amounts are reclassified into earnings in the same period during which the forecasted transactions impact earnings and presented in the same line item in our consolidated statements of income as the earnings effect of the hedged items. Our cash flow hedges use interest rate swaps and floors that are intended to hedge the variability in interest receipts or interest payments on some of our variable-rate financial assets or liabilities. We also enter into foreign currency forward contracts to hedge our exposure to variability in cash flows related to intercompany borrowings denominated in foreign currencies.

•Net Investment Hedges: We use net investment hedges to manage the foreign currency exposure related to our net investments in foreign operations that have functional currencies other than the U.S. dollar. Changes in the fair value of net investment hedges are recorded in the translation adjustment component of AOCI, offsetting the translation gain or loss from those foreign operations. We execute net investment hedges using foreign currency forward contracts to hedge the translation exposure of the net investment in our foreign operations under the forward method.

•Free-Standing Derivatives: Our free-standing derivatives primarily consist of our customer accommodation derivatives and other economic hedges. The customer accommodation derivatives and the related offsetting contracts are mainly interest rate, commodity and foreign currency contracts. The other free-standing derivatives are primarily used to economically hedge the risk of changes in the fair value of our commercial mortgage loan origination and purchase commitments as well as other interests held. Changes in the fair value of free-standing derivatives are recorded in earnings as a component of other non-interest income.

Derivatives Counterparty Credit Risk

Counterparty Types

Derivative instruments contain an element of credit risk that stems from the potential failure of a counterparty to perform according to the terms of the contract, including making payments due upon maturity of certain derivative instruments. We execute our derivative contracts primarily in over-the-counter (“OTC”) markets. We also execute interest rate and commodity futures in the exchange-traded derivative markets. Our OTC derivatives consist of both trades cleared through central counterparty clearinghouses (“CCPs”) and uncleared bilateral contracts. The Chicago Mercantile Exchange (“CME”), the Intercontinental Exchange (“ICE”) and the LCH Group (“LCH”) are our CCPs for our centrally cleared contracts. In our uncleared bilateral contracts, we enter into agreements directly with our derivative counterparties.

Counterparty Credit Risk Management

We manage the counterparty credit risk associated with derivative instruments by entering into legally enforceable master netting agreements, where applicable, and exchanging collateral with our counterparties, typically in the form of cash or high-quality liquid securities. We exchange collateral in two primary forms: variation margin, which mitigates the risk of changes in value due to daily market movements and is exchanged daily, and initial margin, which mitigates the risk of potential future exposure of a derivative and is exchanged at the outset of a transaction and adjusted daily. We exchange variation margin and initial margin on our cleared derivatives. For uncleared bilateral derivatives, we exchange variation margin, and from September 2021 we exchange initial margin on any new trades executed after September 1, 2021, where such trades are in scope for initial margin.

The amount of collateral exchanged for variation margin is dependent upon the fair value of the derivative instruments as well as the fair value of the pledged collateral and will vary over time as market variables change. The amount of the initial margin exchanged is dependent upon 1) the calculation of initial margin exposure, as prescribed by 1(a) the U.S. prudential regulators’ margin rules for uncleared derivatives (“PR Rules”) or 1(b) the CCPs for cleared derivatives and 2) the fair value of the pledged collateral; it will vary over time as market variables change. When valuing collateral, an estimate of the variation in price and liquidity over time is subtracted in the form of a “haircut” to discount the value of the collateral pledged. Our exposure to derivative counterparty credit risk, at any point in time, is equal to the amount reported as a derivative asset on our balance sheet. The fair value of our derivatives is adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and any associated collateral received or pledged. See Table 8.3 for our net exposure associated with derivatives.

The terms under which we collateralize our exposures differ between cleared exposures and uncleared bilateral exposures.

•CCPs: We clear eligible OTC derivatives with CCPs as part of our regulatory requirements. We also clear exchange-traded instruments, like futures, with CCPs. Futures commission merchants (“FCMs”) serve as the intermediary between CCPs and us. CCPs require that we post initial and variation margin through our FCMs to mitigate the risk of non-payment or default. Initial margin is required by CCPs as collateral against potential losses on our exchange-traded and cleared derivative contracts and variation margin is exchanged on a daily basis to account for mark-to-market changes in those derivative contracts. For CME, ICE and LCH-cleared OTC derivatives, variation margin cash payments are required to be characterized as settlements. Our FCM agreements governing these derivative transactions include provisions that may require us to post additional collateral under certain circumstances.

•Bilateral Counterparties: We enter into master netting agreements and collateral agreements with bilateral derivative counterparties, where applicable, to mitigate the risk of default. These bilateral agreements typically provide the right to offset exposure with the same counterparty and require the party in a net liability position to post collateral. Agreements with certain bilateral counterparties require both parties to maintain collateral in the event the fair values of uncleared derivatives exceed established exposure thresholds. Certain of these bilateral agreements include provisions requiring that our debt maintain a credit rating of investment grade or above by each of the major credit rating agencies. In the event of a downgrade of our debt credit rating below investment grade, some of our counterparties would have the right to terminate their derivative contract and close out existing positions.

Credit Risk Valuation Adjustments

We record counterparty credit valuation adjustments (“CVAs”) on our derivative assets to reflect the credit quality of our counterparties. We consider collateral and legally enforceable master netting agreements that mitigate our credit exposure to each counterparty in determining CVAs, which may be adjusted due to changes in the fair values of the derivative contracts, collateral, and creditworthiness of the counterparty. We also record debit valuation adjustments (“DVAs”) to adjust the fair values of our derivative liabilities to reflect the impact of our own credit quality.

Balance Sheet Presentation

The following table summarizes the notional amounts and fair values of our derivative instruments as of September 30, 2022 and December 31, 2021, which are segregated by derivatives that are designated as accounting hedges and those that are not, and are further segregated by type of contract within those two categories. The total derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and any associated cash collateral received or pledged. Derivative assets and liabilities are included in other assets and other liabilities, respectively, on our consolidated balance sheets, and their related gains or losses are included in operating activities as changes in other assets and other liabilities in the consolidated statements of cash flows.

Table 8.1: Derivative Assets and Liabilities at Fair Value


	September 30, 2022						December 31, 2021
	Notional or Contractual Amount		Derivative(1)				Notional or Contractual Amount		Derivative(1)
(Dollars in millions)			Assets		Liabilities				Assets		Liabilities
Derivatives designated as accounting hedges:
Interest rate contracts:
Fair value hedges	$	58,616	$	8	$	136	$	49,659	$	2	$	3
Cash flow hedges	50,600		1		551		52,400		244		16
Total interest rate contracts	109,216		9		687		102,059		246		19
Foreign exchange contracts:
Fair value hedges	1,225		0		314		1,421		13		0
Cash flow hedges	2,088		102		0		4,679		24		20
Net investment hedges	3,895		478		0		3,459		43		0
Total foreign exchange contracts	7,208		580		314		9,559		80		20
Total derivatives designated as accounting hedges	116,424		589		1,001		111,618		326		39
Derivatives not designated as accounting hedges:
Customer accommodation:
Interest rate contracts	88,875		879		2,015		71,724		620		194
Commodity contracts	35,476		3,151		2,989		22,021		1,669		1,561
Foreign exchange and other contracts	4,253		141		114		3,779		40		42
Total customer accommodation	128,604		4,171		5,118		97,524		2,329		1,797
Other interest rate exposures(2)	2,258		38		44		1,899		33		25
Other contracts	1,989		9		12		2,028		2		7
Total derivatives not designated as accounting hedges	132,851		4,218		5,174		101,451		2,364		1,829
Total derivatives	$	249,275	$	4,807	$	6,175	$	213,069	$	2,690	$	1,868
Less: netting adjustment(3)			(1,645)		(1,580)				(542)		(544)
Total derivative assets/liabilities			$	3,162	$	4,595			$	2,148	$	1,324

__________

(1)Does not reflect $6 million and $11 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of September 30, 2022 and December 31, 2021, respectively. Non-performance risk is included in derivative assets and liabilities, which are part of other assets and other liabilities on the consolidated balance sheets, and is offset through non-interest income in the consolidated statements of income.

(2)Other interest rate exposures include commercial mortgage-related derivatives and interest rate swaps.

(3)Represents balance sheet netting of derivative assets and liabilities, and related payables and receivables for cash collateral held or placed with the same counterparty.

The following table summarizes the carrying value of our hedged assets and liabilities in fair value hedges and the associated cumulative basis adjustments included in those carrying values, excluding basis adjustments related to foreign currency risk, as of September 30, 2022 and December 31, 2021.

Table 8.2: Hedged Items in Fair Value Hedging Relationships


	September 30, 2022						December 31, 2021
	Carrying Amount Assets/(Liabilities)		Cumulative Amount of Basis Adjustments Included in the Carrying Amount				Carrying Amount Assets/(Liabilities)		Cumulative Amount of Basis Adjustments Included in the Carrying Amount
(Dollars in millions)			Total Assets/(Liabilities)		Discontinued-Hedging Relationships				Total Assets/(Liabilities)		Discontinued-Hedging Relationships
Line item on our consolidated balance sheets in which the hedged item is included:
Investment securities available for sale(1)(2)	$	3,979	$	(78)	$	220	$	10,327	$	286	$	295
Interest-bearing deposits	(15,142)		524		(1)		(7,361)		(47)		(1)
Securitized debt obligations	(10,389)		783		0		(11,155)		49		3
Senior and subordinated notes	(27,024)		1,622		(573)		(22,777)		(531)		(708)

__________

(1)These amounts include the amortized cost basis of our investment securities designated in hedging relationships for which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. The amortized cost basis of this portfolio was $236 million and $247 million as of September 30, 2022 and December 31, 2021, respectively. The amount of the designated hedged items was $225 million as of both September 30, 2022 and December 31, 2021. The cumulative basis adjustments associated with these hedges was $14 million and $3 million as of September 30, 2022 and December 31, 2021, respectively.

(2)Carrying value represents amortized cost.

Balance Sheet Offsetting of Financial Assets and Liabilities

Derivative contracts and repurchase agreements that we execute bilaterally in the OTC market are generally governed by enforceable master netting agreements where we generally have the right to offset exposure with the same counterparty. Either counterparty can generally request to net settle all contracts through a single payment upon default on, or termination of, any one contract. We elect to offset the derivative assets and liabilities under master netting agreements for balance sheet presentation where a right of setoff exists. For derivative contracts entered into under master netting agreements for which we have not been able to confirm the enforceability of the setoff rights, or those not subject to master netting agreements, we do not offset our derivative positions for balance sheet presentation.

The following table presents the gross and net fair values of our derivative assets, derivative liabilities, resale and repurchase agreements and the related offsetting amounts permitted under U.S. GAAP as of September 30, 2022 and December 31, 2021. The table also includes cash and non-cash collateral received or pledged in accordance with such arrangements. The amount of collateral presented, however, is limited to the amount of the related net derivative fair values or outstanding balances; therefore, instances of over-collateralization are excluded.

Table 8.3: Offsetting of Financial Assets and Financial Liabilities


	Gross Amounts		Gross Amounts Offset in the Balance Sheet				Net Amounts as Recognized		Securities Collateral Held Under Master Netting Agreements		Net Exposure
(Dollars in millions)			Financial Instruments		Cash Collateral Received
As of September 30, 2022
Derivative assets(1)	$	4,807	$	(691)	$	(954)	$	3,162	$	(80)	$	3,082
As of December 31, 2021
Derivative assets(1)	2,690		(252)		(290)		2,148		0		2,148


	Gross Amounts		Gross Amounts Offset in the Balance Sheet				Net Amounts as Recognized		Securities Collateral Pledged Under Master Netting Agreements		Net Exposure
(Dollars in millions)			Financial Instruments		Cash Collateral Pledged
As of September 30, 2022
Derivative liabilities(1)	$	6,175	$	(691)	$	(889)	$	4,595	$	(87)	$	4,508
Repurchase agreements(2)	528		0		0		528		(528)		0
As of December 31, 2021
Derivative liabilities(1)	1,868		(252)		(292)		1,324		0		1,324
Repurchase agreements(2)	820		0		0		820		(820)		0

__________

(1)We received cash collateral from derivative counterparties totaling $1.1 billion and $377 million as of September 30, 2022 and December 31, 2021, respectively. We also received securities from derivative counterparties with a fair value of $67 million as of September 30, 2022 and approximately $1 million as of December 31, 2021, which we have the ability to re-pledge. We posted $3.5 billion and $2.0 billion of cash collateral as of September 30, 2022 and December 31, 2021, respectively.

(2)Under our customer repurchase agreements, which mature the next business day, we pledged collateral with a fair value of $538 million and $836 million as of September 30, 2022 and December 31, 2021, respectively, primarily consisting of agency RMBS securities.

Income Statement and AOCI Presentation

Fair Value and Cash Flow Hedges

The net gains (losses) recognized in our consolidated statements of income related to derivatives in fair value and cash flow hedging relationships are presented below for the three and nine months ended September 30, 2022 and 2021.

Table 8.4: Effects of Fair Value and Cash Flow Hedge Accounting


	Three Months Ended September 30, 2022
	Net Interest Income												Non-Interest Income
(Dollars in millions)	Investment Securities		Loans, Including Loans Held for Sale		Other		Interest-bearing Deposits		Securitized Debt Obligations		Senior and Subordinated Notes		Other
Total amounts presented in our consolidated statements of income	$	499	$	7,578	$	123	$	(689)	$	(120)	$	(319)	$	192
Fair value hedging relationships:
Interest rate and foreign exchange contracts:
Interest recognized on derivatives	$	22	$	0	$	0	$	4	$	(21)	$	(71)	$	0
Gains (losses) recognized on derivatives	83		0		0		(381)		(311)		(807)		(85)
Gains (losses) recognized on hedged items(1)	(102)		0		0		381		312		846		85
Excluded component of fair value hedges(2)	0		0		0		0		0		(1)		0
Net income (expense) recognized on fair value hedges	$	3	$	0	$	0	$	4	$	(20)	$	(33)	$	0
Cash flow hedging relationships:(3)
Interest rate contracts:
Realized gains (losses) reclassified from AOCI into net income	$	0	$	(86)	$	0	$	0	$	0	$	0	$	0
Foreign exchange contracts:
Realized gains (losses) reclassified from AOCI into net income(4)	0		0		2		0		0		0		(1)
Net income (expense) recognized on cash flow hedges	$	0	$	(86)	$	2	$	0	$	0	$	0	$	(1)


	Nine Months Ended September 30, 2022
	Net Interest Income												Non-Interest Income
(Dollars in millions)	Investment Securities		Loans, Including Loans Held for Sale		Other		Interest-bearing Deposits		Securitized Debt Obligations		Senior and Subordinated Notes		Other
Total amounts presented in our consolidated statements of income	$	1,336	$	20,550	$	193	$	(1,200)	$	(214)	$	(644)	$	634
Fair value hedging relationships:
Interest rate and foreign exchange contracts:
Interest recognized on derivatives	$	22	$	0	$	0	$	46	$	12	$	(20)	$	0
Gains (losses) recognized on derivatives	294		0		0		(569)		(735)		(2,039)		(197)
Gains (losses) recognized on hedged items(1)	(364)		0		0		570		735		2,155		196
Excluded component of fair value hedges(2)	0		0		0		0		0		(2)		0
Net income (expense) recognized on fair value hedges	$	(48)	$	0	$	0	$	47	$	12	$	94	$	(1)
Cash flow hedging relationships:(3)
Interest rate contracts:
Realized gains reclassified from AOCI into net income	$	0	$	104	$	0	$	0	$	0	$	0	$	0
Foreign exchange contracts:
Realized gains (losses) reclassified from AOCI into net income(4)	0		0		1		0		0		0		(1)
Net income (expense) recognized on cash flow hedges	$	0	$	104	$	1	$	0	$	0	$	0	$	(1)


	Three Months Ended September 30, 2021
	Net Interest Income												Non-Interest Income
(Dollars in millions)	Investment Securities		Loans, Including Loans Held for Sale		Other		Interest-bearing Deposits		Securitized Debt Obligations		Senior and Subordinated Notes		Other
Total amounts presented in our consolidated statements of income	$	317	$	6,205	$	16	$	(228)	$	(29)	$	(116)	$	245
Fair value hedging relationships:
Interest rate and foreign exchange contracts:
Interest recognized on derivatives	$	(25)	$	0	$	0	$	31	$	30	$	50	$	0
Gains (losses) recognized on derivatives	19		0		0		(28)		(57)		(72)		(34)
Gains (losses) recognized on hedged items(1)	(83)		0		0		27		54		103		34
Excluded component of fair value hedges(2)	0		0		0		0		0		(1)		0
Net income (expense) recognized on fair value hedges	$	(89)	$	0	$	0	$	30	$	27	$	80	$	0
Cash flow hedging relationships:(3)
Interest rate contracts:
Realized gains reclassified from AOCI into net income	$	10	$	240	$	0	$	0	$	0	$	0	$	0
Foreign exchange contracts:
Realized gains reclassified from AOCI into net income(4)	0		0		0		0		0		0		0
Net income (expense) recognized on cash flow hedges	$	10	$	240	$	0	$	0	$	0	$	0	$	0



	Nine Months Ended September 30, 2021
	Net Interest Income												Non-Interest Income
(Dollars in millions)	Investment Securities		Loans, Including Loans Held for Sale		Other		Interest-bearing Deposits		Securitized Debt Obligations		Senior and Subordinated Notes		Other
Total amounts presented in our consolidated statements of income	$	1,078	$	17,812	$	48	$	(734)	$	(89)	$	(367)	$	598
Fair value hedging relationships:
Interest rate and foreign exchange contracts:
Interest recognized on derivatives	$	(75)	$	0	$	0	$	101	$	93	$	168	$	0
Gains (losses) recognized on derivatives	130		0		0		(117)		(154)		(408)		(79)
Gains (losses) recognized on hedged items(1)	(206)		0		0		116		140		504		79
Excluded component of fair value hedges(2)	0		0		0		0		0		(2)		0
Net income (expense) recognized on fair value hedges	$	(151)	$	0	$	0	$	100	$	79	$	262	$	0
Cash flow hedging relationships:(3)
Interest rate contracts:
Realized gains reclassified from AOCI into net income	$	30	$	700	$	0	$	0	$	0	$	0	$	0
Foreign exchange contracts:
Realized gains reclassified from AOCI into net income(4)	0		0		1		0		0		0		1
Net income (expense) recognized on cash flow hedges	$	30	$	700	$	1	$	0	$	0	$	0	$	1

_________

(1)Includes amortization benefit of $23 million and $57 million for the three and nine months ended September 30, 2022, respectively, and amortization expense of $34 million and benefit of $10 million for the three and nine months ended September 30, 2021, respectively, related to basis adjustments on discontinued hedges.

(2)Changes in fair values of cross-currency swaps attributable to changes in cross-currency basis spreads are excluded from the assessment of hedge effectiveness and recorded in other comprehensive income. The initial value of the excluded component is recognized in earnings over the life of the swap under the amortization approach.

(3)See “Note 9—Stockholders’ Equity” for the effects of cash flow and net investment hedges on AOCI and amounts reclassified to net income, net of tax.

(4)We recognized a gain of $79 million and $98 million for the three and nine months ended September 30, 2022, respectively, and a gain of $83 million and $245 million for the three and nine months ended September 30, 2021, respectively, on foreign exchange contracts reclassified from AOCI. These amounts were largely offset by the foreign currency transaction gains (losses) on our foreign currency denominated intercompany funding included in other non-interest income on our consolidated statements of income.

In the next 12 months, we expect to reclassify into earnings a net after-tax loss of $690 million recorded in AOCI as of September 30, 2022. This amount will offset the cash flows associated with hedged forecasted transactions. The maximum length of time over which forecasted transactions were hedged was approximately 5.5 years as of September 30, 2022. The amount we expect to reclassify into earnings may change as a result of changes in market conditions and ongoing actions taken as part of our overall risk management strategy.

Free-Standing Derivatives

The net impacts to our consolidated statements of income related to free-standing derivatives are presented below for the three and nine months ended September 30, 2022 and 2021. These gains or losses are recognized in other non-interest income on our consolidated statements of income.

Table 8.5: Gains (Losses) on Free-Standing Derivatives


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Gains (losses) recognized in other non-interest income:
Customer accommodation:
Interest rate contracts	$	11	$	7	$	31	$	25
Commodity contracts	20		11		37		20
Foreign exchange and other contracts	7		3		11		11
Total customer accommodation	38		21		79		56
Other interest rate exposures	0		18		14		2
Other contracts	(24)		(6)		(29)		(7)
Total	$	14	$	33	$	64	$	51

Stockholders' Equity

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Stockholders' Equity


NOTE 9—STOCKHOLDERS’ EQUITY

Preferred Stock

The following table summarizes our preferred stock outstanding as of September 30, 2022 and December 31, 2021.

Table 9.1: Preferred Stock Outstanding(1)


			Redeemable by Issuer Beginning	Per Annum Dividend Rate	Dividend Frequency	Liquidation Preference per Share		Total Shares Outstanding as of September 30, 2022	Carrying Value (in millions)
Series	Description	Issuance Date							September 30, 2022		December 31, 2021



Series I	5.000% Non-Cumulative	September 11, 2019	December 1, 2024	5.000%	Quarterly	$	1,000	1,500,000	$	1,462	$	1,462
Series J	4.800% Non-Cumulative	January 31, 2020	June 1, 2025	4.800	Quarterly	1,000		1,250,000	1,209		1,209
Series K	4.625% Non-Cumulative	September 17, 2020	December 1, 2025	4.625	Quarterly	1,000		125,000	122		122
Series L	4.375% Non-Cumulative	May 4, 2021	September 1, 2026	4.375	Quarterly	1,000		675,000	652		652
Series M	3.950% Fixed Rate Reset Non-Cumulative	June 10, 2021	September 1, 2026	3.950% through 8/31/2026; resets 9/1/2026 and every subsequent 5 year anniversary at 5-Year Treasury Rate +3.157%	Quarterly	1,000		1,000,000	988		988
Series N	4.250% Non-Cumulative	July 29, 2021	September 1, 2026	4.250%	Quarterly	1,000		425,000	412		412
Total									$	4,845	$	4,845

__________

(1)Except for Series M, ownership is held in the form of depositary shares, each representing a 1/40th interest in a share of fixed-rate non-cumulative perpetual preferred stock.

Accumulated Other Comprehensive Income

AOCI primarily consists of accumulated net unrealized gains or losses associated with securities available for sale, changes in fair value of derivatives in hedging relationships and foreign currency translation adjustments.

Table 9.2: AOCI


	Three Months Ended September 30, 2022
(Dollars in millions)	Securities Available for Sale		Hedging Relationships(1)		Foreign Currency Translation Adjustments (2)		Other		Total










AOCI as of June 30, 2022	$	(5,244)	$	(1,574)	$	(78)	$	(20)	$	(6,916)
Other comprehensive income (loss) before reclassifications	(2,937)		(809)		(48)		0		(3,794)
Amounts reclassified from AOCI into earnings	2		5		0		(1)		6
Other comprehensive loss, net of tax	(2,935)		(804)		(48)		(1)		(3,788)
AOCI as of September 30, 2022	$	(8,179)	$	(2,378)	$	(126)	$	(21)	$	(10,704)


	Nine Months Ended September 30, 2022
(Dollars in millions)	Securities Available for Sale		Hedging Relationships(1)		Foreign Currency Translation Adjustments (2)		Other		Total










AOCI as of December 31, 2021	$	297	$	118	$	(21)	$	(20)	$	374
Other comprehensive income (loss) before reclassifications	(8,483)		(2,344)		(105)		0		(10,932)
Amounts reclassified from AOCI into earnings	7		(152)		0		(1)		(146)
Other comprehensive loss, net of tax	(8,476)		(2,496)		(105)		(1)		(11,078)
AOCI as of September 30, 2022	$	(8,179)	$	(2,378)	$	(126)	$	(21)	$	(10,704)


	Three Months Ended September 30, 2021
(Dollars in millions)	Securities Available for Sale		Hedging Relationships(1)		Foreign Currency Translation Adjustments(2)		Other		Total
AOCI as of June 30, 2021	$	1,089	$	730	$	(3)	$	(24)	$	1,792
Other comprehensive income (loss) before reclassifications	(206)		57		(27)		0		(176)
Amounts reclassified from AOCI into earnings	(2)		(252)		0		(2)		(256)
Other comprehensive loss, net of tax	(208)		(195)		(27)		(2)		(432)
AOCI as of September 30, 2021	$	881	$	535	$	(30)	$	(26)	$	1,360


	Nine Months Ended September 30, 2021
(Dollars in millions)	Securities Available for Sale		Hedging Relationships(1)		Foreign Currency Translation Adjustments(2)		Other		Total











AOCI as of December 31, 2020	$	2,186	$	1,362	$	(31)	$	(23)	$	3,494
Other comprehensive income (loss) before reclassifications	(1,300)		(88)		1		0		(1,387)
Amounts reclassified from AOCI into earnings	(5)		(739)		0		(3)		(747)
Other comprehensive income (loss), net of tax	(1,305)		(827)		1		(3)		(2,134)
AOCI as of September 30, 2021	$	881	$	535	$	(30)	$	(26)	$	1,360

__________

(1)Includes amounts related to cash flow hedges as well as the excluded component of cross-currency swaps designated as fair value hedges.

(2)Includes other comprehensive gains of $255 million and $477 million for the three and nine months ended September 30, 2022, respectively, and other comprehensive gains of $66 million and $32 million for the three and nine months ended September 30, 2021, respectively, from hedging instruments designated as net investment hedges.

The following table presents amounts reclassified from each component of AOCI to our consolidated statements of income for the three and nine months ended September 30, 2022 and 2021.

Table 9.3: Reclassifications from AOCI


(Dollars in millions)		Three Months Ended September 30,				Nine Months Ended September 30,
AOCI Components	Affected Income Statement Line Item	2022		2021		2022		2021
Securities available for sale:
	Non-interest income (loss)	$	(3)	$	2	$	(9)	$	6
	Income tax provision (benefit)	(1)		0		(2)		1
	Net income (loss)	(2)		2		(7)		5
Hedging relationships:
Interest rate contracts:	Interest income (loss)	(86)		250		104		730
Foreign exchange contracts:	Interest income	2		0		1		1
	Interest expense	(1)		0		(2)		(2)
	Non-interest income	79		83		97		245
	Income (loss) from continuing operations before income taxes	(6)		333		200		974
	Income tax provision (benefit)	(1)		81		48		235
	Net income (loss)	(5)		252		152		739
Other:
	Non-interest income and non-interest expense	1		3		1		4
	Income tax provision (benefit)	0		1		0		1
	Net income	1		2		1		3
Total reclassifications		$	(6)	$	256	$	146	$	747

The table below summarizes other comprehensive income (loss) activity and the related tax impact for the three and nine months ended September 30, 2022 and 2021.

Table 9.4: Other Comprehensive Income (Loss)


	Three Months Ended September 30,
	2022						2021
(Dollars in millions)	Before Tax		Provision (Benefit)		After Tax		Before Tax		Provision (Benefit)		After Tax
Other comprehensive income (loss):
Net unrealized losses on securities available for sale	$	(3,882)	$	(947)	$	(2,935)	$	(270)	$	(62)	$	(208)
Net unrealized losses on hedging relationships	(1,065)		(261)		(804)		(255)		(60)		(195)
Foreign currency translation adjustments(1)	33		81		(48)		(6)		21		(27)
Other	(1)		0		(1)		(3)		(1)		(2)
Other comprehensive loss	$	(4,915)	$	(1,127)	$	(3,788)	$	(534)	$	(102)	$	(432)


	Nine Months Ended September 30,
	2022						2021
(Dollars in millions)	Before Tax		Provision (Benefit)		After Tax		Before Tax		Provision (Benefit)		After Tax
Other comprehensive income (loss):
Net unrealized losses on securities available for sale	$	(11,181)	$	(2,705)	$	(8,476)	$	(1,716)	$	(411)	$	(1,305)
Net unrealized losses on hedging relationships	(3,292)		(796)		(2,496)		(1,089)		(262)		(827)
Foreign currency translation adjustments(1)	47		152		(105)		11		10		1
Other	(1)		0		(1)		(4)		(1)		(3)
Other comprehensive loss	$	(14,427)	$	(3,349)	$	(11,078)	$	(2,798)	$	(664)	$	(2,134)

__________

(1)Includes the impact of hedging instruments designated as net investment hedges.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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+ Details

Earnings Per Common Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Common Share


NOTE 10—EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings per common share.

Table 10.1: Computation of Basic and Diluted Earnings per Common Share


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars and shares in millions, except per share data)	2022		2021		2022		2021
Income from continuing operations, net of tax	$	1,694	$	3,104	$	6,128	$	9,968
Income (loss) from discontinued operations, net of tax	0		0		0		(3)
Net income	1,694		3,104		6,128		9,965
Dividends and undistributed earnings allocated to participating securities	(21)		(26)		(74)		(84)
Preferred stock dividends	(57)		(79)		(171)		(200)
Issuance cost for redeemed preferred stock	0		(12)		0		(12)
Net income available to common stockholders	$	1,616	$	2,987	$	5,883	$	9,669

Total weighted-average basic common shares outstanding	383.4		438.8		394.9		449.2
Effect of dilutive securities:(1)
Stock options	0.2		0.6		0.4		0.7
Other contingently issuable shares	1.0		1.1		1.1		1.0
Total effect of dilutive securities	1.2		1.7		1.5		1.7
Total weighted-average diluted common shares outstanding	384.6		440.5		396.4		450.9
Basic earnings per common share:
Net income from continuing operations	$	4.21	$	6.81	$	14.90	$	21.53
Income (loss) from discontinued operations	0.00		0.00		0.00		(0.01)
Net income per basic common share	$	4.21	$	6.81	$	14.90	$	21.52
Diluted earnings per common share:(1)
Net income from continuing operations	$	4.20	$	6.78	$	14.84	$	21.45
Income (loss) from discontinued operations	0.00		0.00		0.00		(0.01)
Net income per diluted common share	$	4.20	$	6.78	$	14.84	$	21.44

__________

(1)Excluded from the computation of diluted earnings per share were awards of 33 thousand shares and 23 thousand shares for the three and nine months ended September 30, 2022, respectively, because their inclusion would be anti-dilutive. There were no shares excluded from the computation of dilutive earnings per share for the three months ended September 30, 2021. For the nine months ended September 30, 2021, awards of 34 thousand shares were excluded from the computation of diluted earnings per share.

Fair Value Measurement

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurement


NOTE 11—FAIR VALUE MEASUREMENT

Fair value, also referred to as an exit price, is defined as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The fair value accounting guidance provides a three-level fair value hierarchy for classifying financial instruments. This hierarchy is based on the markets in which the assets or liabilities trade and whether the inputs to the valuation techniques used to measure fair value are observable or unobservable. The fair value measurement of a financial asset or liability is assigned a level based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are described below:


Level 1:						Valuation is based on quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2:						Valuation is based on observable market-based inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
Level 3:						Valuation is generated from techniques that use significant assumptions not observable in the market. Valuation techniques include pricing models, discounted cash flow (“DCF”) methodologies or similar techniques.

The accounting guidance for fair value measurements requires that we maximize the use of observable inputs and minimize the use of unobservable inputs in determining fair value. The accounting guidance provides for the irrevocable option to elect, on a contract-by-contract basis, to measure certain financial assets and liabilities at fair value at inception of the contract and record any subsequent changes in fair value in earnings.

The determination and classification of financial instruments in the fair value hierarchy is performed at the end of each reporting period. We consider all available information, including observable market data, indications of market liquidity and orderliness, and our understanding of the valuation techniques and significant inputs. For additional information on the valuation techniques used in estimating the fair value of our financial assets and liabilities on a recurring basis, see “Note 16—Fair Value Measurement” in our 2021 Form 10-K.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table displays our assets and liabilities measured on our consolidated balance sheets at fair value on a recurring basis as of September 30, 2022 and December 31, 2021.

Table 11.1: Assets and Liabilities Measured at Fair Value on a Recurring Basis


	September 30, 2022
	Fair Value Measurements Using						Netting Adjustments(1)
(Dollars in millions)	Level 1		Level 2		Level 3				Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	5,027	$	0	$	0	—		$	5,027
RMBS	0		61,764		218		—		61,982
CMBS	0		7,116		180		—		7,296
Other securities	242		756		0		—		998
Total securities available for sale	5,269		69,636		398		—		75,303
Loans held for sale	0		1,724		0		—		1,724
Other assets:
Derivative assets(2)	986		3,711		110		$	(1,645)	3,162
Other(3)	429		2		36		—		467
Total assets	$	6,684	$	75,073	$	544	$	(1,645)	$	80,656
Liabilities:
Other liabilities:
Derivative liabilities(2)	$	1,551	$	4,509	$	115	$	(1,580)	$	4,595
Total liabilities	$	1,551	$	4,509	$	115	$	(1,580)	$	4,595


	December 31, 2021
	Fair Value Measurements Using						Netting Adjustments(1)
(Dollars in millions)	Level 1		Level 2		Level 3				Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	9,442	$	0	$	0	—		$	9,442
RMBS	0		73,358		258		—		73,616
CMBS	0		9,360		9		—		9,369
Other securities	206		2,628		0		—		2,834
Total securities available for sale	9,648		85,346		267		—		95,261
Loans held for sale	0		1,026		0		—		1,026
Other assets:
Derivative assets(2)	406		2,200		84		$	(542)	2,148
Other(3)	526		6		41		—		573
Total assets	$	10,580	$	88,578	$	392	$	(542)	$	99,008
Liabilities:
Other liabilities:
Derivative liabilities(2)	$	838	$	965	$	65	$	(544)	$	1,324
Total liabilities	$	838	$	965	$	65	$	(544)	$	1,324

__________

(1)Represents balance sheet netting of derivative assets and liabilities, and related payables and receivables for cash collateral held or placed with the same counterparty. See “Note 8—Derivative Instruments and Hedging Activities” for additional information.

(2)Does not reflect $6 million and $11 million recognized as a net valuation allowance on derivative assets and liabilities for non-performance risk as of September 30, 2022 and December 31, 2021, respectively. Non-performance risk is included in derivative assets and liabilities, which are part of other assets and other liabilities on the consolidated balance sheets, and is recorded through non-interest income in the consolidated statements of income.

(3)As of September 30, 2022 and December 31, 2021, other includes retained interests in securitizations of $36 million and $41 million, deferred compensation plan assets of $416 million and $490 million, and equity securities of $15 million (including unrealized losses of $17 million) and $42 million (including unrealized losses of $36 million), respectively.

Level 3 Recurring Fair Value Rollforward

The table below presents a reconciliation for all assets and liabilities measured and recognized at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2022 and 2021. Generally, transfers into Level 3 were primarily driven by the usage of unobservable assumptions in the pricing of these financial instruments as evidenced by wider pricing variations among pricing vendors and transfers out of Level 3 were primarily driven by the usage of assumptions corroborated by market observable information as evidenced by tighter pricing among multiple pricing sources.

Table 11.2: Level 3 Recurring Fair Value Rollforward


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended September 30, 2022
			Total Gains (Losses) (Realized/Unrealized)																		Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2022(1)
(Dollars in millions)	Balance, July 1, 2022		Included in Net Income(1)		Included in OCI		Purchases		Sales		Issuances		Settlements		Transfers Into Level 3		Transfers Out of Level 3		Balance, September 30, 2022
Securities available for sale:(2)
RMBS	$	240	$	2	$	(9)	$	0	$	0	$	0	$	(10)	$	8	$	(13)	$	218	$	2
CMBS	13		(1)		(1)		0		0		0		(8)		177		0		180		0

Total securities available for sale	253		1		(10)		0		0		0		(18)		185		(13)		398		2
Other assets:

Retained interests in securitizations	37		(1)		0		0		0		0		0		0		0		36		(1)
Net derivative assets (liabilities)(3)	(12)		(22)		0		0		0		(11)		0		0		40		(5)		(22)


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Nine Months Ended September 30, 2022
			Total Gains (Losses) (Realized/Unrealized)																		Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2022(1)
(Dollars in millions)	Balance, January 1, 2022		Included in Net Income(1)		Included in OCI		Purchases		Sales		Issuances		Settlements		Transfers Into Level 3		Transfers Out of Level 3		Balance, September 30, 2022
Securities available for sale:(2)
RMBS	$	258	$	15	$	(29)	$	0	$	0	$	0	$	(53)	$	92	$	(65)	$	218	$	6
CMBS	9		(1)		(2)		0		0		0		(13)		190		(3)		180		(1)

Total securities available for sale	267		14		(31)		0		0		0		(66)		282		(68)		398		5
Other assets:

Retained interests in securitizations	41		(5)		0		0		0		0		0		0		0		36		(5)
Net derivative assets (liabilities)(3)	19		(63)		0		0		0		25		2		(28)		40		(5)		(20)


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended September 30, 2021
			Total Gains (Losses) (Realized/Unrealized)																		Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2021(1)
(Dollars in millions)	Balance, July 1, 2021		Included in Net Income(1)		Included in OCI		Purchases		Sales		Issuances		Settlements		Transfers Into Level 3		Transfers Out of Level 3		Balance, September 30, 2021
Securities available for sale:(2)
RMBS	$	289	$	4	$	(1)	$	0	$	0	$	0	$	(23)	$	4	$	(20)	$	253	$	4
CMBS	9		0		1		0		0		0		(1)		0		0		9		0

Total securities available for sale	298		4		0		0		0		0		(24)		4		(20)		262		4
Other assets:

Retained interests in securitizations	46		(3)		0		0		0		0		0		0		0		43		(3)
Net derivative assets (liabilities)(3)	19		(31)		0		0		0		44		6		0		1		39		(29)


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Nine Months Ended September 30, 2021
			Total Gains (Losses) (Realized/Unrealized)																		Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2021(1)
(Dollars in millions)	Balance, January 1, 2021		Included in Net Income(1)		Included in OCI		Purchases		Sales		Issuances		Settlements		Transfers Into Level 3		Transfers Out of Level 3		Balance, September 30, 2021
Securities available for sale:(2)
RMBS	$	328	$	15	$	3	$	0	$	0	$	0	$	(74)	$	88	$	(107)	$	253	$	11
CMBS	111		0		(1)		0		0		0		(7)		0		(94)		9		0

Total securities available for sale	439		15		2		0		0		0		(81)		88		(201)		262		11
Other assets:

Retained interests in securitizations	55		(12)		0		0		0		0		0		0		0		43		(12)
Net derivative assets (liabilities)(3)	31		(41)		0		0		0		66		(23)		6		0		39		(32)

_________

(1)Realized gains (losses) on securities available for sale are included in net securities gains (losses) and retained interests in securitizations are reported as a component of non-interest income in our consolidated statements of income. Gains (losses) on derivatives are included as a component of net interest income or non-interest income in our consolidated statements of income.

(2)For the three and nine months ended September 30, 2022 included in OCI related to Level 3 securities available for sale still held as of September 30, 2022 were net unrealized losses of $15 million and $53 million. For the three and nine months ended September 30, 2021, included in OCI related to Level 3 securities available for sale still held as of September 30, 2021 were no net unrealized gains and $3 million of net unrealized gains, respectively

(3)Includes derivative assets and liabilities of $110 million and $115 million, respectively, as of September 30, 2022 and $191 million and $152 million, respectively, as of September 30, 2021.

Significant Level 3 Fair Value Asset and Liability Inputs

Generally, uncertainties in fair value measurements of financial instruments, such as changes in unobservable inputs, may have a significant impact on fair value. Certain of these unobservable inputs will, in isolation, have a directionally consistent impact on the fair value of the instrument for a given change in that input. Alternatively, the fair value of the instrument may move in an opposite direction for a given change in another input. In general, an increase in the discount rate, default rates, loss severity or credit spreads, in isolation, would result in a decrease in the fair value measurement. In addition, an increase in default rates would generally be accompanied by a decrease in recovery rates, slower prepayment rates and an increase in liquidity spreads, and would lead to a decrease in the fair value measurement.

Techniques and Inputs for Level 3 Fair Value Measurements

The following table presents the significant unobservable inputs used to determine the fair values of our Level 3 financial instruments on a recurring basis. We utilize multiple vendor pricing services to obtain fair value for our securities. Several of our vendor pricing services are only able to provide unobservable input information for a limited number of securities due to software licensing restrictions. Other vendor pricing services are able to provide unobservable input information for all securities for which they provide a valuation. As a result, the unobservable input information for the securities available for sale presented below represents a composite summary of all information we are able to obtain. The unobservable input information for all other Level 3 financial instruments is based on the assumptions used in our internal valuation models.

Table 11.3: Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at
September 30,
2022

Significant
Valuation
Techniques

Significant
Unobservable
Inputs

Range

Weighted

Average(1)

Securities available for sale:

RMBS

218

Discounted cash flows (vendor pricing)

Yield
Voluntary prepayment rate
Default rate
Loss severity

2-12%

6-25%

0-11%

30-80%

10%

61%

CMBS

180

Discounted cash flows (vendor pricing)

Yield

4-5%

Other assets:

Retained interests in securitizations(2)

Discounted cash flows

Life of receivables (months)
Voluntary prepayment rate
Discount rate
Default rate
Loss severity

31-39

9-18%

4-8%

1-2%

78-291%

N/A

Net derivative assets (liabilities)

(5)

Discounted cash flows

Swap rates

3-4%

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at
December 31,
2021

Significant
Valuation
Techniques

Significant
Unobservable
Inputs

Range

Weighted

Average(1)

Securities available for sale:

RMBS

258

Discounted cash flows (vendor pricing)

Yield
Voluntary prepayment rate
Default rate
Loss severity

0-21%

5-40%

1-11%

30-100%

11%

65%

CMBS

Discounted cash flows (vendor pricing)

Yield

1-2%

Other assets:

Retained interests in securitizations(2)

Discounted cash flows

Life of receivables (months)
Voluntary prepayment rate
Discount rate
Default rate
Loss severity

29-36

9-18%

2-8%

3-4%

72-151%

N/A

Net derivative assets (liabilities)

Discounted cash flows

Swap rates

1-2%

__________

(1)Weighted averages are calculated by using the product of the input multiplied by the relative fair value of the instruments.

(2)Due to the nature of the various mortgage securitization structures in which we have retained interests, it is not meaningful to present a consolidated weighted average for the significant unobservable inputs.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

We are required to measure and recognize certain assets at fair value on a nonrecurring basis on the consolidated balance sheets. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, from the application of lower of cost or fair value accounting or when we evaluate for impairment).

The following table presents the carrying value of the assets measured at fair value on a nonrecurring basis and still held as of September 30, 2022 and December 31, 2021, and for which a nonrecurring fair value measurement was recorded during the nine and twelve months then ended.

Table 11.4: Nonrecurring Fair Value Measurements


	September 30, 2022
	Estimated Fair Value Hierarchy				Total
(Dollars in millions)	Level 2		Level 3
Loans held for investment	$	0	$	221	$	221
Loans held for sale	5		0		5
Other assets(1)	0		99		99
Total	$	5	$	320	$	325


	December 31, 2021
	Estimated Fair Value Hierarchy				Total
(Dollars in millions)	Level 2		Level 3
Loans held for investment	$	0	$	194	$	194
Loans held for sale	118		0		118
Other assets(1)	0		325		325
Total	$	118	$	519	$	637

__________

(1)As of September 30, 2022, other assets included investments accounted for under measurement alternative of $5 million, cost method investments of $3 million, repossessed assets of $56 million and long-lived assets held for sale of $35 million. As of December 31, 2021, other assets included equity method investments of $50 million, investments accounted for under measurement alternative of $29 million, repossessed assets of $40 million and long-lived assets held for sale of $206 million.

In the above table, loans held for investment are generally valued based in part on the estimated fair value of the underlying collateral and the non-recoverable rate, which is considered to be a significant unobservable input. The non-recoverable rate ranged from 0% to 100%, with a weighted average of 20%, and from 0% to 100%, with a weighted average of 13%, as of September 30, 2022 and December 31, 2021, respectively. The weighted average non-recoverable rate is calculated based on the estimated market value of the underlying collateral. The significant unobservable inputs and related quantitative information related to fair value of the other assets are not meaningful to disclose as they vary significantly across properties and collateral.

The following table presents total nonrecurring fair value measurements for the period, included in earnings, attributable to the change in fair value relating to assets that are still held at September 30, 2022 and 2021.

Table 11.5: Nonrecurring Fair Value Measurements Included in Earnings


	Total Gains (Losses)
	Nine Months Ended September 30,
(Dollars in millions)	2022		2021
Loans held for investment	$	24	$	12
Loans held for sale	0		0
Other assets(1)	(33)		(65)
Total	$	(9)	$	(53)

__________

(1)Other assets include fair value adjustments related to repossessed assets, long-lived assets held for sale and equity investments accounted for under the measurement alternative.

Fair Value of Financial Instruments

The following table presents the carrying value and estimated fair value, including the level within the fair value hierarchy, of our financial instruments that are not measured at fair value on a recurring basis on our consolidated balance sheets as of September 30, 2022 and December 31, 2021.

Table 11.6: Fair Value of Financial Instruments


	September 30, 2022
	Carrying Value		Estimated Fair Value		Estimated Fair Value Hierarchy
(Dollars in millions)					Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	24,892	$	24,892	$	3,716	$	21,176	$	0
Restricted cash for securitization investors	399		399		399		0		0

Net loans held for investment	291,734		296,142		0		0		296,142
Loans held for sale	5		5		0		5		0
Interest receivable	1,853		1,853		0		1,853		0
Other investments(1)	1,623		1,623		0		1,623		0
Financial liabilities:
Deposits with defined maturities	34,758		34,380		0		34,380		0
Securitized debt obligations	15,926		15,878		0		15,878		0
Senior and subordinated notes	30,615		30,302		0		30,302		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	528		528		0		528		0
Other borrowings(2)	7,500		7,500		0		7,500		0
Interest payable	433		433		0		433		0


	December 31, 2021
	Carrying Value		Estimated Fair Value		Estimated Fair Value Hierarchy
(Dollars in millions)					Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	21,746	$	21,746	$	4,164	$	17,582	$	0
Restricted cash for securitization investors	308		308		308		0		0
Net loans held for investment	265,910		270,508		0		0		270,508
Loans held for sale	4,862		5,091		0		5,091		0
Interest receivable	1,460		1,460		0		1,460		0
Other investments(1)	1,344		1,344		0		1,344		0
Financial liabilities:
Deposits with defined maturities	17,923		18,062		0		18,062		0
Securitized debt obligations	14,994		15,122		0		15,122		0
Senior and subordinated notes	27,219		27,842		0		27,842		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	820		820		0		820		0

Interest payable	281		281		0		281		0

__________

(1)Other investments include FHLB and Federal Reserve stock. These investments are included in other assets on our consolidated balance sheets.

(2)Other borrowings exclude capital lease obligations.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Business Segments and Revenue from Contracts with Customers

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Business Segments and Revenue from Contracts with Customers


NOTE 12—BUSINESS SEGMENTS AND REVENUE FROM CONTRACTS WITH CUSTOMERS

Our principal operations are organized into three major business segments, which are defined primarily based on the products and services provided or the types of customers served: Credit Card, Consumer Banking and Commercial Banking. The operations of acquired businesses have been integrated into or managed as a part of our existing business segments. Certain activities that are not part of a segment, such as management of our corporate investment portfolio, asset/liability management by our centralized Corporate Treasury group and residual tax expense or benefit to arrive at the consolidated effective tax rate that is not assessed to our primary business segments, are included in the Other category.

Basis of Presentation

We report the results of each of our business segments on a continuing operations basis. The results of our individual businesses reflect the manner in which management evaluates performance and makes decisions about funding our operations and allocating resources.

Business Segment Reporting Methodology

The results of our business segments are intended to present each segment as if it were a stand-alone business. Our internal management and reporting process used to derive our segment results employs various allocation methodologies, including funds transfer pricing, to assign certain balance sheet assets, deposits and other liabilities and their related revenue and expenses directly or indirectly attributable to each business segment. Our funds transfer pricing process provides a funds credit for sources of funds, such as deposits generated by our Consumer Banking and Commercial Banking businesses, and a funds charge for the use of funds by each segment. Due to the integrated nature of our business segments, estimates and judgments have been made in allocating certain revenue and expense items. Transactions between segments are based on specific criteria or approximate third-party rates. We regularly assess the assumptions, methodologies and reporting classifications used for segment reporting, which may result in the implementation of refinements or changes in future periods. We provide additional information on the allocation methodologies used to derive our business segment results in “Note 17—Business Segments and Revenue from Contracts with Customers” in our 2021 Form 10-K.

Segment Results and Reconciliation

We may periodically change our business segments or reclassify business segment results based on modifications to our management reporting methodologies or changes in organizational alignment. The following table presents our business segment results for the three and nine months ended September 30, 2022 and 2021, selected balance sheet data as of September 30, 2022 and 2021, and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, loans held for investment and deposits.

Table 12.1: Segment Results and Reconciliation


	Three Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Net interest income (loss)	$	4,313	$	2,311	$	699	$	(320)	$	7,003
Non-interest income (loss)	1,454		129		319		(100)		1,802
Total net revenue (loss)(2)	5,767		2,440		1,018		(420)		8,805
Provision (benefit) for credit losses	1,261		285		123		0		1,669
Non-interest expense	3,004		1,340		542		63		4,949
Income (loss) from continuing operations before income taxes	1,502		815		353		(483)		2,187
Income tax provision (benefit)	356		193		83		(139)		493
Income (loss) from continuing operations, net of tax	$	1,146	$	622	$	270	$	(344)	$	1,694
Loans held for investment	$	126,913	$	81,199	$	95,831	$	0	$	303,943
Deposits	0		256,661		41,058		19,474		317,193


	Nine Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Net interest income (loss)	$	12,051	$	6,571	$	1,941	$	(646)	$	19,917
Non-interest income (loss)	4,322		330		868		(227)		5,293
Total net revenue (loss)(2)	16,373		6,901		2,809		(873)		25,210
Provision (benefit) for credit losses	2,387		696		353		(5)		3,431
Non-interest expense	8,558		3,862		1,515		148		14,083
Income (loss) from continuing operations before income taxes	5,428		2,343		941		(1,016)		7,696
Income tax provision (benefit)	1,291		555		223		(501)		1,568
Income (loss) from continuing operations, net of tax	$	4,137	$	1,788	$	718	$	(515)	$	6,128
Loans held for investment	$	126,913	$	81,199	$	95,831	$	0	$	303,943
Deposits	0		256,661		41,058		19,474		317,193


	Three Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Net interest income (loss)	$	3,620	$	2,159	$	578	$	(201)	$	6,156
Non-interest income (loss)	1,263		127		306		(22)		1,674
Total net revenue (loss)(2)	4,883		2,286		884		(223)		7,830
Provision (benefit) for credit losses	(198)		(91)		(53)		0		(342)
Non-interest expense	2,424		1,186		459		117		4,186
Income (loss) from continuing operations before income taxes	2,657		1,191		478		(340)		3,986
Income tax provision (benefit)	627		282		113		(140)		882
Income (loss) from continuing operations, net of tax	$	2,030	$	909	$	365	$	(200)	$	3,104
Loans held for investment	$	105,030	$	77,112	$	79,248	$	0	$	261,390
Deposits	0		252,387		43,347		10,204		305,938


	Nine Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Net interest income (loss)	$	10,209	$	6,290	$	1,558	$	(336)	$	17,721
Non-interest income (loss)	3,545		412		803		(164)		4,596
Total net revenue (loss)(2)	13,754		6,702		2,361		(500)		22,317
Benefit for credit losses	(1,325)		(523)		(475)		(2)		(2,325)
Non-interest expense	6,822		3,426		1,295		349		11,892
Income (loss) from continuing operations before income taxes	8,257		3,799		1,541		(847)		12,750
Income tax provision (benefit)	1,952		897		364		(431)		2,782
Income (loss) from continuing operations, net of tax	$	6,305	$	2,902	$	1,177	$	(416)	$	9,968
Loans held for investment	$	105,030	$	77,112	$	79,248	$	0	$	261,390
Deposits	0		252,387		43,347		10,204		305,938

__________

(1)Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using the federal statutory tax rate of 21% and state taxes where applicable, with offsetting reductions to the Other category.

(2)Total net revenue was reduced by $222 million and $625 million in the three and nine months ended September 30, 2022, respectively, and $123 million and $478 million in the three and nine months ended September 30, 2021, respectively, for credit card finance charges and fees charged off as uncollectible.

Revenue from Contracts with Customers

The majority of our revenue from contracts with customers consists of interchange fees, service charges and other customer-related fees, and other contract revenue. Interchange fees are primarily from our Credit Card business and are recognized upon settlement with the interchange networks, net of rewards earned by customers. Service charges and other customer-related fees within our Consumer Banking business are primarily related to fees earned on consumer deposit accounts for account maintenance and various transaction-based services such as automated teller machine (“ATM”) usage. Service charges and other customer-related fees within our Commercial Banking business are mostly related to fees earned on treasury management and capital markets services. Other contract revenue in our Credit Card business consists primarily of revenue from our partnership arrangements. Other contract revenue in our Consumer Banking business consists primarily of revenue earned on certain marketing and promotional events from our auto dealers. Revenue from contracts with customers is included in non-interest income in our consolidated statements of income.

The following table presents revenue from contracts with customers and a reconciliation to non-interest income by business segment for the three and nine months ended September 30, 2022 and 2021.

Table 12.2: Revenue from Contracts with Customers and Reconciliation to Segment Results


	Three Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Contract revenue:
Interchange fees, net(2)	$	1,085	$	83	$	27	$	0	$	1,195
Service charges and other customer-related fees	0		23		62		0		85
Other	104		18		13		0		135
Total contract revenue	1,189		124		102		0		1,415
Revenue (reduction) from other sources	265		5		217		(100)		387
Total non-interest income (loss)	$	1,454	$	129	$	319	$	(100)	$	1,802


	Nine Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Contract revenue:
Interchange fees, net(2)	$	3,115	$	234	$	79	$	1	$	3,429
Service charges and other customer-related fees	0		70		190		(1)		259
Other	297		56		14		0		367
Total contract revenue	3,412		360		283		0		4,055
Revenue (reduction) from other sources	910		(30)		585		(227)		1,238
Total non-interest income (loss)	$	4,322	$	330	$	868	$	(227)	$	5,293


	Three Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Contract revenue:
Interchange fees, net(2)	$	930	$	68	$	24	$	0	$	1,022
Service charges and other customer-related fees	0		42		71		0		113
Other	98		17		1		0		116
Total contract revenue	1,028		127		96		0		1,251
Revenue (reduction) from other sources	235		0		210		(22)		423
Total non-interest income (loss)	$	1,263	$	127	$	306	$	(22)	$	1,674


	Nine Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Contract revenue:
Interchange fees, net(2)	$	2,598	$	192	$	65	$	0	$	2,855
Service charges and other customer-related fees	0		131		187		0		318
Other	262		55		3		0		320
Total contract revenue	2,860		378		255		0		3,493
Revenue (reduction) from other sources	685		34		548		(164)		1,103
Total non-interest income (loss)	$	3,545	$	412	$	803	$	(164)	$	4,596

__________

(2)Interchange fees are presented net of customer reward expenses.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Commitments, Contingencies, Guarantees, and Others

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments, Contingencies, Guarantees and Others


NOTE 13—COMMITMENTS, CONTINGENCIES, GUARANTEES AND OTHERS

Commitments to Lend

Our unfunded lending commitments primarily consist of credit card lines, loan commitments to customers of both our Commercial Banking and Consumer Banking businesses, as well as standby and commercial letters of credit. These commitments, other than credit card lines, are legally binding conditional agreements that have fixed expirations or termination dates and specified interest rates and purposes. The contractual amount of these commitments represents the maximum possible credit risk to us should the counterparty draw upon the commitment. We generally manage the potential risk of unfunded lending commitments by limiting the total amount of arrangements, monitoring the size and maturity structure of these portfolios and applying the same credit standards for all of our credit activities.

For unused credit card lines, we have not experienced and do not anticipate that all of our customers will access their entire available line at any given point in time. Commitments to extend credit other than credit card lines generally require customers to maintain certain credit standards. Collateral requirements and loan-to-value (“LTV”) ratios are the same as those for funded transactions and are established based on management’s credit assessment of the customer. These commitments may expire without being drawn upon; therefore, the total commitment amount does not necessarily represent future funding requirements.

We also issue letters of credit, such as financial standby, performance standby and commercial letters of credit, to meet the financing needs of our customers. Standby letters of credit are conditional commitments issued by us to guarantee the performance of a customer to a third party in a borrowing arrangement. Commercial letters of credit are short-term commitments issued primarily to facilitate trade finance activities for customers and are generally collateralized by the goods being shipped to the customer. These collateral requirements are similar to those for funded transactions and are established based on management’s credit assessment of the customer. Management conducts regular reviews of all outstanding letters of credit and the results of these reviews are considered in assessing the adequacy of reserves for unfunded lending commitments.

The following table presents the contractual amount and carrying value of our unfunded lending commitments as of September 30, 2022 and December 31, 2021. The carrying value represents our reserve and deferred revenue on legally binding commitments.

Table 13.1: Unfunded Lending Commitments


	Contractual Amount				Carrying Value
(Dollars in millions)	September 30, 2022		December 31, 2021		September 30, 2022		December 31, 2021
Credit card lines	$	361,763	$	368,508	N/A		N/A
Other loan commitments(1)	49,053		44,572		$	198	$	125
Standby letters of credit and commercial letters of credit(2)	1,444		1,419		32		24
Total unfunded lending commitments	$	412,260	$	414,499	$	230	$	149

__________

(1)Includes $4.2 billion and $3.9 billion of advised lines of credit as of September 30, 2022 and December 31, 2021, respectively.

(2)These financial guarantees have expiration dates that range from 2022 to 2027 as of September 30, 2022.

Loss Sharing Agreements

Within our Commercial Banking business, we originate multifamily commercial real estate loans with the intent to sell them to the GSEs. We enter into loss sharing agreements with the GSEs upon the sale of the loans. Beginning January 1, 2020, we elected the fair value option on new loss sharing agreements. Unrealized gains and losses are recorded in other non-interest income in our consolidated statements of income. For those loss sharing agreements entered into as of and prior to December 31, 2019, we amortize the liability recorded at inception into non-interest income as we are released from risk of payment under the loss sharing agreement and record our estimate of expected credit losses each period in provision for credit losses in our consolidated statements of income. The liability recognized on our consolidated balance sheets for these loss sharing agreements was $85 million and $90 million as of September 30, 2022 and December 31, 2021, respectively. See “Note 4—Allowance for Credit Losses and Reserve for Unfunded Lending Commitments” for more information related to our credit card partnership loss sharing arrangements.

Litigation

In accordance with the current accounting standards for loss contingencies, we establish reserves for litigation-related matters that arise from the ordinary course of our business activities when it is probable that a loss associated with a claim or proceeding has been incurred and the amount of the loss can be reasonably estimated. None of the amounts we currently have recorded individually or in the aggregate are considered to be material to our financial condition. Litigation claims and proceedings of all types are subject to many uncertain factors that generally cannot be predicted with assurance. Below we provide a description of potentially material legal proceedings and claims.

For some of the matters disclosed below, we are able to estimate reasonably possible losses above existing reserves, and for other disclosed matters, such an estimate is not possible at this time. For those matters below where an estimate is possible, management currently estimates the reasonably possible future losses beyond our reserves as of September 30, 2022 are approximately $200 million. Our reserve and reasonably possible loss estimates involve considerable judgment and reflect that there is still significant uncertainty regarding numerous factors that may impact the ultimate loss levels. Notwithstanding, our attempt to estimate a reasonably possible range of loss beyond our current accrual levels for some litigation matters based on current information, it is possible that actual future losses will exceed both the current accrual level and the range of reasonably possible losses disclosed here. Given the inherent uncertainties involved in these matters, especially those involving governmental agencies, and the very large or indeterminate damages sought in some of these matters, there is significant uncertainty as to the ultimate liability we may incur from these litigation matters and an adverse outcome in one or more of these matters could be material to our results of operations or cash flows for any particular reporting period.

Interchange

In 2005, a putative class of retail merchants filed antitrust lawsuits against MasterCard and Visa and several issuing banks, including Capital One, seeking both injunctive relief and monetary damages for an alleged conspiracy by defendants to fix the level of interchange fees. Other merchants have asserted similar claims in separate lawsuits, and while these separate cases did not name any issuing banks, Visa, MasterCard and issuers, including Capital One, have entered settlement and judgment sharing agreements allocating the liabilities of any judgment or settlement arising from all interchange-related cases.

The lawsuits were consolidated before the U.S. District Court for the Eastern District of New York for certain purposes and were settled in 2012. The class settlement, however, was invalidated by the United States Court of Appeals for the Second Circuit in June 2016, and the suit was bifurcated into separate class actions seeking injunctive and monetary relief, respectively. In addition, numerous merchant groups opted out of the 2012 settlement and have pursued their own claims. The claims by the injunctive relief class have not been resolved, but the settlement of $5.5 billion for the monetary damages class received final approval from the trial court, and has been appealed to the U.S. Court of Appeals for the Second Circuit. Visa and MasterCard have also settled a number of the opt-out cases, which required non-material payments from issuing banks, including Capital One. Visa created a litigation escrow account following its initial public offering of stock in 2008 that funds settlements for its member banks, and any settlements related to MasterCard-allocated losses have either already been paid or are reflected in our reserves.

Cybersecurity Incident

On July 29, 2019, we announced that on March 22 and 23, 2019 an outside individual gained unauthorized access to our systems. This individual obtained certain types of personal information relating to people who had applied for our credit card products and to our credit card customers (the “Cybersecurity Incident”). As a result of the Cybersecurity Incident, we are subject to numerous legal proceedings and other inquiries and could be the subject of additional proceedings and inquiries in the future.

Consumer class actions. We were named as a defendant in approximately 75 putative consumer class action cases (primarily in U.S. courts with cases also in Canadian courts) alleging harm from the Cybersecurity Incident and seeking various remedies, including monetary and injunctive relief. The lawsuits allege breach of contract, negligence, violations of various privacy laws and a variety of other legal causes of action. The U.S. consumer class actions have been consolidated for pretrial proceedings before a multi-district litigation (“MDL”) panel in the U.S. District Court for the Eastern District of Virginia, Alexandria Division. In the third quarter of 2020, the MDL court denied in part and granted in part Capital One’s motion to dismiss and permitted pretrial discovery to continue. In the fourth quarter of 2021, the parties agreed to a settlement of the U.S. consumer class action cases for an amount within existing reserves. The court approved the settlement in September 2022. In Canada, a trial court in British Columbia preliminarily certified a class of all impacted Canadian consumers except those in Quebec in the

second quarter of 2022, which would allow the case to proceed with discovery on a classwide basis under Canadian law. The preliminary certification decision has been appealed.

Securities class action. The Company and certain officers have also been named as defendants in a putative class action pending in the MDL alleging violations of certain federal securities laws in connection with statements and alleged omissions in securities filings relating to our information security standards and practices. The complaint seeks certification of a class of all persons who purchased or otherwise acquired Capital One securities from July 23, 2015 to July 29, 2019, as well as unspecified monetary damages, costs and other relief. The court granted the Company’s motion to dismiss in September 2022.

Governmental inquiries. We have received inquiries and requests for information relating to the Cybersecurity Incident from Congress, federal regulators, relevant Canadian regulators, the Department of Justice, and the offices of approximately fourteen state Attorneys General. We have cooperated with these offices and responded to their inquiries.

In August 2020, we entered into consent orders with the Federal Reserve and the Office of the Comptroller of the Currency (“OCC”) resulting from regulatory reviews of the Cybersecurity Incident and relating to ongoing enhancements of our cybersecurity and operational risk management processes. We paid an $80 million penalty to the U.S. Treasury as part of the OCC agreement. The Federal Reserve agreement did not contain a monetary penalty. The OCC lifted its consent order on August 31, 2022.

Taxi Medallion Finance Investigations

Beginning in 2019, we have received subpoenas from the New York Attorney General’s office and from the U.S. Attorney’s Office for the Southern District of New York, Civil and Criminal Divisions, relating to investigations of the taxi medallion finance industry we exited beginning in 2015. The subpoenas seek, among other things, information regarding our lending counterparties and practices. We have cooperated with these investigations.

U.K. PPI Litigation

In the U.K., we previously sold payment protection insurance (“PPI”). For several years leading up to the claims submission deadline of August 29, 2019 (as set by the U.K. Financial Conduct Authority), we received customer complaints and regulatory claims relating to PPI. COEP has materially resolved the PPI complaints and regulatory claims received prior to the deadline. Some of the claimants in the U.K. PPI regulatory claims process have subsequently initiated legal proceedings, seeking additional redress. We are responding to these proceedings as we receive them.

Other Pending and Threatened Litigation

In addition, we are commonly subject to various pending and threatened legal actions relating to the conduct of our normal business activities. In the opinion of management, the ultimate aggregate liability, if any, arising out of all such other pending or threatened legal actions is not expected to be material to our consolidated financial position or our results of operations.

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (“U.S. GAAP”).
Use of Estimates	The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and in the related disclosures. These estimates are based on information available as of the date of the consolidated financial statements. While management makes its best judgments, actual amounts or results could differ from these estimates. In the opinion of management, all normal, recurring adjustments have been included for a fair statement of this interim financial information.
New Accounting Standards	Newly Adopted Accounting Standards During the Nine Months Ended September 30, 2022

Derivative Instruments and Hedging Activities (Policies)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Balance Sheet Offsetting of Financial Assets and Liabilities	Balance Sheet Offsetting of Financial Assets and Liabilities Derivative contracts and repurchase agreements that we execute bilaterally in the OTC market are generally governed by enforceable master netting agreements where we generally have the right to offset exposure with the same counterparty. Either counterparty can generally request to net settle all contracts through a single payment upon default on, or termination of, any one contract. We elect to offset the derivative assets and liabilities under master netting agreements for balance sheet presentation where a right of setoff exists. For derivative contracts entered into under master netting agreements for which we have not been able to confirm the enforceability of the setoff rights, or those not subject to master netting agreements, we do not offset our derivative positions for balance sheet presentation.

Investment Securities (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Securities

Table 2.1: Investment Securities Available for Sale


	September 30, 2022
(Dollars in millions)	Amortized Cost		Allowance for Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	5,124	$	0	$	1	$	(98)	$	5,027
RMBS:
Agency	71,245		0		37		(10,069)		61,213
Non-agency	666		(4)		112		(5)		769
Total RMBS	71,911		(4)		149		(10,074)		61,982
Agency CMBS	8,055		0		2		(761)		7,296
Other securities(1)	1,007		0		1		(10)		998
Total investment securities available for sale	$	86,097	$	(4)	$	153	$	(10,943)	$	75,303


	December 31, 2021
(Dollars in millions)	Amortized Cost		Allowance for Credit Losses		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Investment securities available for sale:
U.S. Treasury securities	$	9,419	$	0	$	23	$	0	$	9,442
RMBS:
Agency	72,593		0		958		(931)		72,620
Non-agency	792		(1)		205		0		996
Total RMBS	73,385		(1)		1,163		(931)		73,616
Agency CMBS	9,237		0		195		(63)		9,369
Other securities(1)	2,830		0		6		(2)		2,834
Total investment securities available for sale	$	94,871	$	(1)	$	1,387	$	(996)	$	95,261

__________

Schedule of Available-for-Sale Securities in Gross Unrealized Loss Position

Table 2.2: Securities in a Gross Unrealized Loss Position


	September 30, 2022
	Less than 12 Months				12 Months or Longer				Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Investment securities available for sale without an allowance for credit losses:
U.S. Treasury securities	$	4,593	$	(98)	$	0	$	0	$	4,593	$	(98)
RMBS:
Agency	30,124		(3,285)		30,154		(6,784)		60,278		(10,069)
Non-agency	16		(1)		3		0		19		(1)
Total RMBS	30,140		(3,286)		30,157		(6,784)		60,297		(10,070)
Agency CMBS	4,866		(430)		2,258		(331)		7,124		(761)
Other securities(1)	522		(7)		81		(3)		603		(10)
Total investment securities available for sale in a gross unrealized loss position without an allowance for credit losses(2)	$	40,121	$	(3,821)	$	32,496	$	(7,118)	$	72,617	$	(10,939)


	December 31, 2021
	Less than 12 Months				12 Months or Longer				Total
(Dollars in millions)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Investment securities available for sale without an allowance for credit losses:

RMBS:
Agency	$	37,492	$	(632)	$	8,606	$	(299)	$	46,098	$	(931)
Non-agency	3		0		1		0		4		0
Total RMBS	37,495		(632)		8,607		(299)		46,102		(931)
Agency CMBS	2,999		(36)		803		(27)		3,802		(63)
Other securities(1)	1,207		(2)		0		0		1,207		(2)
Total investment securities available for sale in a gross unrealized loss position without an allowance for credit losses(2)	$	41,701	$	(670)	$	9,410	$	(326)	$	51,111	$	(996)

__________

(1) Includes primarily ABS, foreign government bonds, and supranational bonds.

(2) Consists of approximately 2,730 and 740 securities in gross unrealized loss positions as of September 30, 2022 and December 31, 2021, respectively.

Schedule of Contractual Maturities for Securities

Table 2.3: Contractual Maturities and Weighted-Average Yields of Securities


	September 30, 2022
(Dollars in millions)	Due in 1 Year or Less			Due > 1 Year through 5 Years			Due > 5 Years through 10 Years			Due > 10 Years			Total
Fair value of securities available for sale:
U.S. Treasury securities	$	0		$	5,027		$	0		$	0		$	5,027
RMBS(1):
Agency	0			113			1,123			59,977			61,213
Non-agency	0			0			0			769			769
Total RMBS	0			113			1,123			60,746			61,982
Agency CMBS(1)	174			2,046			3,391			1,685			7,296
Other securities	242			756			0			0			998
Total securities available for sale	$	416		$	7,942		$	4,514		$	62,431		$	75,303
Amortized cost of securities available for sale	$	417		$	8,199		$	5,059		$	72,422		$	86,097
Weighted-average yield for securities available for sale	3.34		%	1.69		%	2.28		%	2.23		%	2.19		%

__________

(1)As of September 30, 2022, the weighted-average expected maturities of RMBS and Agency CMBS were 7.1 years and 5.1 years, respectively.

Loans (Tables)

9 Months Ended

Sep. 30, 2022

Receivables [Abstract]

Loan Portfolio Composition and Aging Analysis

The table below presents the composition and aging analysis of our loans held for investment portfolio as of September 30, 2022 and December 31, 2021. The delinquency aging includes all past due loans, both performing and nonperforming.Table 3.1: Loan Portfolio Composition and Aging Analysis


	September 30, 2022
				Delinquent Loans
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			Total Loans
Credit Card:
Domestic credit card	$	117,676		$	1,179		$	817		$	1,607		$	3,603		$	121,279
International card businesses	5,409			79			53			93			225			5,634
Total credit card	123,085			1,258			870			1,700			3,828			126,913
Consumer Banking:
Auto	75,329			2,754			1,202			295			4,251			79,580
Retail banking	1,580			15			5			19			39			1,619
Total consumer banking	76,909			2,769			1,207			314			4,290			81,199
Commercial Banking:
Commercial and multifamily real estate	38,056			134			1			34			169			38,225
Commercial and industrial	57,456			69			13			68			150			57,606
Total commercial banking	95,512			203			14			102			319			95,831
Total loans(1)	$	295,506		$	4,230		$	2,091		$	2,116		$	8,437		$	303,943
% of Total loans	97.22		%	1.39		%	0.69		%	0.70		%	2.78		%	100.00		%


	December 31, 2021
			Delinquent Loans
(Dollars in millions)	Current		30-59 Days		60-89 Days		> 90 Days		Total Delinquent Loans		Total Loans
Credit Card:
Domestic credit card	$	106,312	$	773	$	528	$	1,110	$	2,411	$	108,723
International card businesses	5,836		77		50		86		213		6,049
Total credit card	112,148		850		578		1,196		2,624		114,772
Consumer Banking:
Auto	72,221		2,385		933		240		3,558		75,779
Retail banking	1,807		35		7		18		60		1,867
Total consumer banking	74,028		2,420		940		258		3,618		77,646


	December 31, 2021
				Delinquent Loans
(Dollars in millions)	Current			30-59 Days			60-89 Days			> 90 Days			Total Delinquent Loans			Total Loans
Commercial Banking:
Commercial and multifamily real estate	35,100			92			35			35			162			35,262
Commercial and industrial	49,379			139			103			39			281			49,660
Total commercial banking	84,479			231			138			74			443			84,922
Total loans(1)	$	270,655		$	3,501		$	1,656		$	1,528		$	6,685		$	277,340
% of Total loans	97.59		%	1.26		%	0.60		%	0.55		%	2.41		%	100.00		%

__________

(1)Loans include unamortized premiums and discounts, and unamortized deferred fees and costs totaling $1.4 billion as of both September 30, 2022 and December 31, 2021.

90 Plus Day Delinquent Loans Accruing Interest and Nonperforming Loans

Table 3.2: 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans


	September 30, 2022									December 31, 2021
(Dollars in millions)	> 90 Days and Accruing			Nonperforming Loans(1)			Nonperforming Loans Without an Allowance			> 90 Days and Accruing			Nonperforming Loans(1)			Nonperforming Loans Without an Allowance
Credit Card:
Domestic credit card	$	1,607		N/A			$	0		$	1,110		N/A			$	0
International card businesses	90			$	8		0			82			$	10		0
Total credit card	1,697			8			0			1,192			10			0
Consumer Banking:
Auto	0			474			0			0			344			0
Retail banking	0			43			5			0			47			4
Total consumer banking	0			517			5			0			391			4
Commercial Banking:
Commercial and multifamily real estate	3			243			219			3			383			268
Commercial and industrial	0			307			200			0			316			257
Total commercial banking	3			550			419			3			699			525
Total	$	1,700		$	1,075		$	424		$	1,195		$	1,100		$	529
% of Total loans held for investment	0.56		%	0.35		%	0.14		%	0.43		%	0.40		%	0.19		%

__________

Financing Receivable, Allowance for Credit Loss [Line Items]

TDR Disclosures

The following tables present the major modification types, amortized cost amounts and financial effects of loans modified in a TDR during the three and nine months ended September 30, 2022 and 2021.

Table 3.6: Troubled Debt Restructurings


			Three Months Ended September 30, 2022
			Reduced Interest Rate				Term Extension
(Dollars in millions)	Total Loans Modified(1)		% of TDR Activity(2)		Average Rate Reduction		% of TDR Activity(2)		Average Term Extension (Months)
Credit Card:
Domestic credit card	$	77	100	%	16.79	%	N/A		N/A
International card businesses	29		100		27.52		N/A		N/A
Total credit card	106		100		19.77		N/A		N/A
Consumer Banking:
Auto	275		64		8.45		97	%	5
Retail banking	1		N/A		N/A		60		14
Total consumer banking	276		64		8.45		97		5
Commercial Banking:
Commercial and multifamily real estate	38		58		0.78		100		11
Commercial and industrial	75		N/A		N/A		98		17
Total commercial banking	113		20		0.78		99		15
Total	$	495


			Nine Months Ended September 30, 2022
			Reduced Interest Rate				Term Extension
(Dollars in millions)	Total Loans Modified(1)		% of TDR Activity(2)		Average Rate Reduction		% of TDR Activity(2)		Average Term Extension (Months)
Credit Card:
Domestic credit card	$	196	100	%	15.76	%	N/A		N/A
International card businesses	93		100		27.73		N/A		N/A
Total credit card	289		100		19.63		N/A		N/A
Consumer Banking:
Auto	794		56		8.59		97	%	4
Retail banking	2		N/A		N/A		76		13
Total consumer banking	796		56		8.59		97		4
Commercial Banking:
Commercial and multifamily real estate	302		10		0.35		80		13
Commercial and industrial	242		N/A		N/A		62		14
Total commercial banking	544		6		0.35		72		13
Total	$	1,629


			Three Months Ended September 30, 2021
			Reduced Interest Rate				Term Extension
(Dollars in millions)	Total Loans Modified(1)		% of TDR Activity(2)		Average Rate Reduction		% of TDR Activity(2)		Average Term Extension (Months)
Credit Card:
Domestic credit card	$	37	100	%	15.80	%	N/A		N/A
International card businesses	28		100		27.75		N/A		N/A
Total credit card	65		100		20.90		N/A		N/A
Consumer Banking:
Auto	89		48		8.54		92	%	4

Total consumer banking	89		48		8.54		92		4
Commercial Banking:
Commercial and multifamily real estate	21		14		2.50		100		12
Commercial and industrial	4		N/A		N/A		100		4
Total commercial banking	25		12		2.50		100		11
Total	$	179


			Nine Months Ended September 30, 2021
			Reduced Interest Rate				Term Extension		Balance Reduction
(Dollars in millions)	Total Loans Modified(1)		% of TDR Activity(2)		Average Rate Reduction		% of TDR Activity(2)	Average Term Extension (Months)	% of TDR Activity(2)	Gross Balance Reduction
Credit Card:
Domestic credit card	$	114	100	%	16.00	%	N/A	N/A	N/A	N/A
International card businesses	94		100		27.66		N/A	N/A	N/A	N/A
Total credit card	208		100		21.26		N/A	N/A	N/A	N/A
Consumer Banking:
Auto	269		40		8.74		93	4	—	$	1
Retail banking	1		20		2.55		36	67	N/A	N/A
Total consumer banking	270		40		8.72		93	4	—	1
Commercial Banking:
Commercial and multifamily real estate	41		7		1.29		100	13	N/A	N/A
Commercial and industrial	82		N/A		N/A		41	8	N/A	N/A
Total commercial banking	123		2		1.29		61	11	N/A	N/A
Total	$	601

__________

(2)Due to multiple modification types granted to some troubled borrowers, percentages may total more than 100% for certain loan types.

either 90 days or more delinquent, has been charged off as of the end of the period presented or has been reclassified from accrual to nonaccrual status.

Table 3.7: TDR—Subsequent Defaults


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
(Dollars in millions)	Number of Contracts	Amount		Number of Contracts	Amount		Number of Contracts	Amount		Number of Contracts	Amount
Credit Card:
Domestic credit card	9,927	$	19	4,168	$	7	23,951	$	47	13,528	$	25
International card businesses	18,971	19		12,680	17		55,089	58		44,709	68
Total credit card	28,898	38		16,848	24		79,040	105		58,237	93
Consumer Banking:
Auto	4,592	82		2,151	34		10,102	178		6,453	98
Retail banking	0	0		1	0		0	0		9	0
Total consumer banking	4,592	82		2,152	34		10,102	178		6,462	98
Commercial Banking:
Commercial and multifamily real estate	0	0		0	0		0	0		1	50
Commercial and industrial	0	0		1	38		3	35		7	120
Total commercial banking	0	0		1	38		3	35		8	170
Total	33,490	$	120	19,001	$	96	89,145	$	318	64,707	$	361

Credit Card

Financing Receivable, Allowance for Credit Loss [Line Items]

Credit Quality Indicator

The table below presents our credit card portfolio by delinquency status as of September 30, 2022 and December 31, 2021.

Table 3.3: Credit Card Delinquency Status


	September 30, 2022						December 31, 2021
(Dollars in millions)	Revolving Loans		Revolving Loans Converted to Term		Total		Revolving Loans		Revolving Loans Converted to Term		Total
Credit Card:
Domestic credit card:
Current	$	117,410	$	266	$	117,676	$	105,985	$	327	$	106,312
30-59 days	1,165		14		1,179		760		13		773
60-89 days	808		9		817		519		9		528
Greater than 90 days	1,595		12		1,607		1,100		10		1,110
Total domestic credit card	120,978		301		121,279		108,364		359		108,723

International card businesses:
Current	5,379		30		5,409		5,795		41		5,836
30-59 days	76		3		79		73		4		77
60-89 days	50		3		53		47		3		50
Greater than 90 days	90		3		93		82		4		86
Total international card businesses	5,595		39		5,634		5,997		52		6,049
Total credit card	$	126,573	$	340	$	126,913	$	114,361	$	411	$	114,772

Consumer Banking

Financing Receivable, Allowance for Credit Loss [Line Items]

Credit Quality Indicator

Table 3.4: Consumer Banking Portfolio by Credit Quality Indicator


	September 30, 2022
	Term Loans by Vintage Year
(Dollars in millions)	2022		2021		2020		2019		2018		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total

Auto—At origination FICO scores:(1)
Greater than 660	$	15,488	$	15,559	$	6,005	$	3,020	$	1,300	$	502	$	41,874	$	0	$	0	$	41,874
621-660	5,301		5,543		2,535		1,349		626		270		15,624		0		0		15,624
620 or below	6,505		7,124		4,364		2,459		1,098		532		22,082		0		0		22,082
Total auto	27,294		28,226		12,904		6,828		3,024		1,304		79,580		0		0		79,580

Retail banking—Delinquency status:
Current	153		136		91		135		130		505		1,150		425		5		1,580
30-59 days	0		1		0		0		4		2		7		8		0		15
60-89 days	0		1		0		2		0		0		3		2		0		5
Greater than 90 days	0		0		1		0		3		9		13		4		2		19
Total retail banking(2)	153		138		92		137		137		516		1,173		439		7		1,619
Total consumer banking	$	27,447	$	28,364	$	12,996	$	6,965	$	3,161	$	1,820	$	80,753	$	439	$	7	$	81,199


	December 31, 2021
	Term Loans by Vintage Year
(Dollars in millions)	2021		2020		2019		2018		2017		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total

Auto—At origination FICO scores:(1)
Greater than 660	$	20,758	$	8,630	$	4,739	$	2,394	$	1,153	$	301	$	37,975	$	0	$	0	$	37,975
621-660	7,456		3,721		2,109		1,084		537		157		15,064		0		0		15,064
620 or below	9,522		6,336		3,767		1,840		949		326		22,740		0		0		22,740
Total auto	37,736		18,687		10,615		5,318		2,639		784		75,779		0		0		75,779

Retail banking—Delinquency status:
Current	285		171		172		161		176		491		1,456		345		6		1,807
30-59 days	0		2		2		7		0		1		12		23		0		35
60-89 days	0		4		0		0		0		2		6		1		0		7
Greater than 90 days	0		1		0		1		1		9		12		4		2		18
Total retail banking(2)	285		178		174		169		177		503		1,486		373		8		1,867
Total consumer banking	$	38,021	$	18,865	$	10,789	$	5,487	$	2,816	$	1,287	$	77,265	$	373	$	8	$	77,646

__________

(2)Includes Paycheck Protection Program (“PPP”) loans of $38 million and $232 million as of September 30, 2022 and December 31, 2021, respectively.

Commercial Banking

Financing Receivable, Allowance for Credit Loss [Line Items]

Credit Quality Indicator

Table 3.5: Commercial Banking Portfolio by Internal Risk Ratings


	September 30, 2022
	Term Loans by Vintage Year
(Dollars in millions)	2022		2021		2020		2019		2018		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total
Internal risk rating:(1)
Commercial and multifamily real estate
Noncriticized	$	7,785	$	4,837	$	1,748	$	1,986	$	1,502	$	3,237	$	21,095	$	13,861	$	25	$	34,981
Criticized performing	529		280		161		439		314		1,140		2,863		138		0		3,001
Criticized nonperforming	102		0		0		7		19		115		243		0		0		243
Total commercial and multifamily real estate	8,416		5,117		1,909		2,432		1,835		4,492		24,201		13,999		25		38,225
Commercial and industrial
Noncriticized	16,701		7,028		4,907		3,186		1,744		3,492		37,058		17,491		29		54,578
Criticized performing	787		566		158		293		147		123		2,074		647		0		2,721
Criticized nonperforming	148		23		6		42		41		6		266		41		0		307
Total commercial and industrial	17,636		7,617		5,071		3,521		1,932		3,621		39,398		18,179		29		57,606
Total commercial banking(2)	$	26,052	$	12,734	$	6,980	$	5,953	$	3,767	$	8,113	$	63,599	$	32,178	$	54	$	95,831


	December 31, 2021
	Term Loans by Vintage Year
(Dollars in millions)	2021		2020		2019		2018		2017		Prior		Total Term Loans		Revolving Loans		Revolving Loans Converted to Term		Total
Internal risk rating:(1)
Commercial and multifamily real estate
Noncriticized	$	6,590	$	2,924	$	3,393	$	2,401	$	793	$	3,538	$	19,639	$	12,286	$	0	$	31,925
Criticized performing	248		195		329		317		261		1,478		2,828		101		25		2,954
Criticized nonperforming	0		0		88		20		9		266		383		0		0		383
Total commercial and multifamily real estate	6,838		3,119		3,810		2,738		1,063		5,282		22,850		12,387		25		35,262
Commercial and industrial
Noncriticized	12,662		7,039		5,506		2,750		1,730		3,033		32,720		14,310		59		47,089
Criticized performing	279		188		838		207		120		167		1,799		456		0		2,255
Criticized nonperforming	32		52		85		93		6		10		278		38		0		316
Total commercial and industrial	12,973		7,279		6,429		3,050		1,856		3,210		34,797		14,804		59		49,660
Total commercial banking(2)	$	19,811	$	10,398	$	10,239	$	5,788	$	2,919	$	8,492	$	57,647	$	27,191	$	84	$	84,922

__________

(1)Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by bank regulatory authorities.

(2)Includes PPP loans of $32 million and $102 million as of September 30, 2022 and December 31, 2021, respectively.

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments (Tables)

9 Months Ended

Sep. 30, 2022

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Allowance for Credit Losses on Financing Receivables

Table 4.1: Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity


	Three Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Allowance for credit losses:
Balance as of June 30, 2022	$	8,166	$	2,047	$	1,278	$	11,491
Charge-offs	(1,047)		(410)		(13)		(1,470)
Recoveries(1)	352		186		1		539
Net charge-offs	(695)		(224)		(12)		(931)
Provision (benefit) for credit losses	1,261		285		119		1,665
Allowance build (release) for credit losses	566		61		107		734
Other changes(2)	(16)		0		0		(16)
Balance as of September 30, 2022	8,716		2,108		1,385		12,209
Reserve for unfunded lending commitments:
Balance as of June 30, 2022	0		0		239		239
Provision for losses on unfunded lending commitments	0		0		4		4
Balance as of September 30, 2022	0		0		243		243
Combined allowance and reserve as of September 30, 2022	$	8,716	$	2,108	$	1,628	$	12,452


	Nine Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Allowance for credit losses:
Balance as of December 31, 2021	$	8,345	$	1,918	$	1,167	$	11,430
Charge-offs	(3,011)		(1,090)		(73)		(4,174)
Recoveries(1)	1,031		584		16		1,631
Net charge-offs	(1,980)		(506)		(57)		(2,543)
Provision (benefit) for credit losses	2,387		696		275		3,358
Allowance build (release) for credit losses	407		190		218		815
Other changes(2)	(36)		0		0		(36)
Balance as of September 30, 2022	8,716		2,108		1,385		12,209
Reserve for unfunded lending commitments:
Balance as of December 31, 2021	0		0		165		165
Provision for losses on unfunded lending commitments	0		0		78		78
Balance as of September 30, 2022	0		0		243		243
Combined allowance and reserve as of September 30, 2022	$	8,716	$	2,108	$	1,628	$	12,452


	Three Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Allowance for credit losses:
Balance as of June 30, 2021	$	8,873	$	2,203	$	1,270	$	12,346
Charge-offs	(735)		(264)		(20)		(1,019)
Recoveries(1)	369		213		11		593
Net charge-offs	(366)		(51)		(9)		(426)
Provision (benefit) for credit losses	(198)		(91)		(55)		(344)
Allowance build (release) for credit losses	(564)		(142)		(64)		(770)
Other changes(2)	(3)		0		0		(3)
Balance as of September 30, 2021	8,306		2,061		1,206		11,573
Reserve for unfunded lending commitments:
Balance as of June 30, 2021	0		0		164		164
Provision (benefit) for losses on unfunded lending commitments	0		0		2		2
Balance as of September 30, 2021	0		0		166		166
Combined allowance and reserve as of September 30, 2021	$	8,306	$	2,061	$	1,372	$	11,739


	Nine Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Allowance for credit losses:
Balance as of December 31, 2020	$	11,191	$	2,715	$	1,658	$	15,564
Charge-offs	(2,695)		(866)		(47)		(3,608)
Recoveries(1)	1,125		735		41		1,901
Net charge-offs	(1,570)		(131)		(6)		(1,707)
Provision (benefit) for credit losses	(1,325)		(523)		(446)		(2,294)
Allowance build (release) for credit losses	(2,895)		(654)		(452)		(4,001)
Other changes(2)	10		0		0		10
Balance as of September 30, 2021	8,306		2,061		1,206		11,573


	Nine Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total
Reserve for unfunded lending commitments:
Balance as of December 31, 2020	0		0		195		195
Provision (benefit) for losses on unfunded lending commitments	0		0		(29)		(29)
Balance as of September 30, 2021	0		0		166		166
Combined allowance and reserve as of September 30, 2021	$	8,306	$	2,061	$	1,372	$	11,739

__________

Schedule of Loss Sharing Arrangement Impact

The table below summarizes the changes in the estimated reimbursements from these partners for the three and nine months ended September 30, 2022 and 2021.

Table 4.2: Summary of Credit Card Partnership Loss Sharing Arrangements Impacts


	Three Months Ended September 30,
(Dollars in millions)	2022		2021
Estimated reimbursements from partners, beginning of period	$	1,302	$	1,711
Amounts due from partners which reduced net charge-offs	(127)		(80)
Amounts expected to become due from (to) partners which reduced (increased) provision for credit losses	237		(181)
Estimated reimbursements from partners, end of period	$	1,412	$	1,450


	Nine Months Ended September 30,
(Dollars in millions)	2022		2021
Estimated reimbursements from partners, beginning of period	$	1,450	$	2,159
Amounts due from partners which reduced net charge-offs	(353)		(349)
Amounts expected to become due from (to) partners which reduced (increased) provision for credit losses	315		(360)
Estimated reimbursements from partners, end of period	$	1,412	$	1,450

Variable Interest Entities and Securitizations (Tables)

9 Months Ended

Sep. 30, 2022

Variable Interest Entities and Securitization [Abstract]

Carrying Amount of Assets and Liabilities of Variable Interest Entities

Table 5.1: Carrying Amount of Consolidated and Unconsolidated VIEs


	September 30, 2022
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets		Carrying Amount of Liabilities		Maximum Exposure to Loss
Securitization-Related VIEs:(1)
Credit card loan securitizations(2)	$	20,544	$	12,374	$	0	$	0	$	0
Auto loan securitizations	5,420		4,488		0		0		0
Total securitization-related VIEs	25,964		16,862		0		0		0
Other VIEs:(3)
Affordable housing entities	259		20		4,754		1,495		4,754
Entities that provide capital to low-income and rural communities	2,337		10		0		0		0
Other	0		0		341		0		341
Total other VIEs	2,596		30		5,095		1,495		5,095
Total VIEs	$	28,560	$	16,892	$	5,095	$	1,495	$	5,095


	December 31, 2021
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets		Carrying Amount of Liabilities		Maximum Exposure to Loss
Securitization-Related VIEs:(1)
Credit card loan securitizations(2)	$	21,569	$	13,016	$	0	$	0	$	0
Auto loan securitizations	2,552		2,187		0		0		0
Total securitization-related VIEs	24,121		15,203		0		0		0


	December 31, 2021
	Consolidated				Unconsolidated
(Dollars in millions)	Carrying Amount of Assets		Carrying Amount of Liabilities		Carrying Amount of Assets		Carrying Amount of Liabilities		Maximum Exposure to Loss
Other VIEs:(3)
Affordable housing entities	263		27		4,774		1,454		4,774
Entities that provide capital to low-income and rural communities	2,074		26		0		0		0
Other	0		0		383		0		383
Total other VIEs	2,337		53		5,157		1,454		5,157
Total VIEs	$	26,458	$	15,256	$	5,157	$	1,454	$	5,157

__________

(1)Excludes insignificant VIEs from previously exited businesses.

(2)Represents the carrying amount of assets and liabilities of the VIE, which includes the seller’s interest and repurchased notes held by other related parties.

External Debt and Receivable Balances of Securitization Programs

The table below presents our continuing involvement in certain securitization-related VIEs as of September 30, 2022 and December 31, 2021.

Table 5.2: Continuing Involvement in Securitization-Related VIEs


(Dollars in millions)	Credit Card		Auto
September 30, 2022:
Securities held by third-party investors	$	11,443	$	4,483
Receivables in the trusts	21,155		5,212
Cash balance of spread or reserve accounts	0		23
Retained interests	Yes		Yes
Servicing retained	Yes		Yes
December 31, 2021:
Securities held by third-party investors	$	12,808	$	2,186
Receivables in the trust	22,454		2,418
Cash balance of spread or reserve accounts	0		13
Retained interests	Yes		Yes
Servicing retained	Yes		Yes

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Goodwill, Intangible Assets and MSRs

Table 6.1: Components of Goodwill, Other Intangible Assets and MSRs


	September 30, 2022
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization		Net Carrying Amount
Goodwill	$	14,771	N/A		$	14,771
Other intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	146		$	(18)	128

Other(1)	213		(158)		55
Total other intangible assets	359		(176)		183
Total goodwill and other intangible assets	$	15,130	$	(176)	$	14,954
Commercial MSRs(2)	$	646	$	(215)	$	431

	December 31, 2021
(Dollars in millions)	Carrying Amount of Assets		Accumulated Amortization		Net Carrying Amount
Goodwill	$	14,782	N/A		$	14,782
Other intangible assets:
Purchased credit card relationship (“PCCR”) intangibles	29		$	(10)	19

Other(1)	213		(121)		92
Total other intangible assets	242		(131)		111
Total goodwill and other intangible assets	$	15,024	$	(131)	$	14,893
Commercial MSRs(2)	$	622	$	(202)	$	420

__________

(1)Primarily consists of intangibles for sponsorship, customer and merchant relationships, partnership, trade names and other customer contract intangibles.

(2)Commercial MSRs are accounted for under the amortization method on our consolidated balance sheets.

Goodwill by Business Segments

Goodwill

The following table presents changes in carrying amount of goodwill by each of our business segments as of September 30, 2022 and December 31, 2021.

Table 6.2: Goodwill by Business Segments


(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking		Total








Balance as of December 31, 2021	$	5,087	$	4,645	$	5,050	$	14,782


Other adjustments(1)	(15)		0		4		(11)
Balance as of September 30, 2022	$	5,072	$	4,645	$	5,054	$	14,771

__________

(1)Represents foreign currency translation adjustments and measurement period adjustments on prior period acquisitions

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=121556970&loc=SL108378252-109267

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 55
-Paragraph 24
-URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Deposits and Borrowings (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Components of Deposits, Short-Term Borrowings and Long-Term Debt

The following tables summarize the components of our deposits, short-term borrowings and long-term debt as of September 30, 2022 and December 31, 2021. The carrying value presented below for these borrowings includes unamortized debt premiums and discounts, net of debt issuance costs and fair value hedge accounting adjustments.

Table 7.1: Components of Deposits, Short-Term Borrowings and Long-Term Debt


(Dollars in millions)	September 30, 2022		December 31, 2021
Deposits:
Non-interest-bearing deposits	$	34,391	$	38,043
Interest-bearing deposits(1)	282,802		272,937
Total deposits	$	317,193	$	310,980
Short-term borrowings:
Federal funds purchased and securities loaned or sold under agreements to repurchase	$	528	$	820

Total short-term borrowings	$	528	$	820


	September 30, 2022					December 31, 2021
(Dollars in millions)	Maturity Dates	Stated Interest Rates	Weighted-Average Interest Rate	Carrying Value		Carrying Value
Long-term debt:
Securitized debt obligations	2023-2028	0.32% - 3.74%	2.27%	$	15,926	$	14,994
Senior and subordinated notes:
Fixed unsecured senior debt(2)	2023-2033	0.80 - 5.27	3.44	23,957		19,975
Floating unsecured senior debt	2023-2025	3.53 - 4.31	3.77	1,597		1,709
Total unsecured senior debt			3.46	25,554		21,684
Fixed unsecured subordinated debt	2023-2032	2.36 - 4.20	3.52	5,061		5,535
Total senior and subordinated notes				30,615		27,219
Other long-term borrowings:
FHLB advances	2023	3.07 - 3.19	3.13	7,500		0
Finance lease liabilities	2022 - 2031	0.30 - 9.91	3.92	38		53
Total other long-term borrowings				7,538		53
Total long-term debt				$	54,079	$	42,266
Total short-term borrowings and long-term debt				$	54,607	$	43,086

__________

(1)Includes $3.9 billion and $1.8 billion of time deposits in denominations in excess of the $250,000 federal insurance limit as of September 30, 2022 and December 31, 2021, respectively.

(2)Includes $1.1 billion and $1.4 billion of Euro (“EUR”) denominated unsecured notes as of September 30, 2022 and December 31, 2021, respectively.

Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets and Liabilities at Fair Value

Table 8.1: Derivative Assets and Liabilities at Fair Value


	September 30, 2022						December 31, 2021
	Notional or Contractual Amount		Derivative(1)				Notional or Contractual Amount		Derivative(1)
(Dollars in millions)			Assets		Liabilities				Assets		Liabilities
Derivatives designated as accounting hedges:
Interest rate contracts:
Fair value hedges	$	58,616	$	8	$	136	$	49,659	$	2	$	3
Cash flow hedges	50,600		1		551		52,400		244		16
Total interest rate contracts	109,216		9		687		102,059		246		19
Foreign exchange contracts:
Fair value hedges	1,225		0		314		1,421		13		0
Cash flow hedges	2,088		102		0		4,679		24		20
Net investment hedges	3,895		478		0		3,459		43		0
Total foreign exchange contracts	7,208		580		314		9,559		80		20
Total derivatives designated as accounting hedges	116,424		589		1,001		111,618		326		39
Derivatives not designated as accounting hedges:
Customer accommodation:
Interest rate contracts	88,875		879		2,015		71,724		620		194
Commodity contracts	35,476		3,151		2,989		22,021		1,669		1,561
Foreign exchange and other contracts	4,253		141		114		3,779		40		42
Total customer accommodation	128,604		4,171		5,118		97,524		2,329		1,797
Other interest rate exposures(2)	2,258		38		44		1,899		33		25
Other contracts	1,989		9		12		2,028		2		7
Total derivatives not designated as accounting hedges	132,851		4,218		5,174		101,451		2,364		1,829
Total derivatives	$	249,275	$	4,807	$	6,175	$	213,069	$	2,690	$	1,868
Less: netting adjustment(3)			(1,645)		(1,580)				(542)		(544)
Total derivative assets/liabilities			$	3,162	$	4,595			$	2,148	$	1,324

__________

(2)Other interest rate exposures include commercial mortgage-related derivatives and interest rate swaps.

(3)Represents balance sheet netting of derivative assets and liabilities, and related payables and receivables for cash collateral held or placed with the same counterparty.

Hedged Item in Fair Value Hedging Relationship

Table 8.2: Hedged Items in Fair Value Hedging Relationships


	September 30, 2022						December 31, 2021
	Carrying Amount Assets/(Liabilities)		Cumulative Amount of Basis Adjustments Included in the Carrying Amount				Carrying Amount Assets/(Liabilities)		Cumulative Amount of Basis Adjustments Included in the Carrying Amount
(Dollars in millions)			Total Assets/(Liabilities)		Discontinued-Hedging Relationships				Total Assets/(Liabilities)		Discontinued-Hedging Relationships
Line item on our consolidated balance sheets in which the hedged item is included:
Investment securities available for sale(1)(2)	$	3,979	$	(78)	$	220	$	10,327	$	286	$	295
Interest-bearing deposits	(15,142)		524		(1)		(7,361)		(47)		(1)
Securitized debt obligations	(10,389)		783		0		(11,155)		49		3
Senior and subordinated notes	(27,024)		1,622		(573)		(22,777)		(531)		(708)

__________

(2)Carrying value represents amortized cost.

Offsetting Assets

Table 8.3: Offsetting of Financial Assets and Financial Liabilities


	Gross Amounts		Gross Amounts Offset in the Balance Sheet				Net Amounts as Recognized		Securities Collateral Held Under Master Netting Agreements		Net Exposure
(Dollars in millions)			Financial Instruments		Cash Collateral Received
As of September 30, 2022
Derivative assets(1)	$	4,807	$	(691)	$	(954)	$	3,162	$	(80)	$	3,082
As of December 31, 2021
Derivative assets(1)	2,690		(252)		(290)		2,148		0		2,148


	Gross Amounts		Gross Amounts Offset in the Balance Sheet				Net Amounts as Recognized		Securities Collateral Pledged Under Master Netting Agreements		Net Exposure
(Dollars in millions)			Financial Instruments		Cash Collateral Pledged
As of September 30, 2022
Derivative liabilities(1)	$	6,175	$	(691)	$	(889)	$	4,595	$	(87)	$	4,508
Repurchase agreements(2)	528		0		0		528		(528)		0
As of December 31, 2021
Derivative liabilities(1)	1,868		(252)		(292)		1,324		0		1,324
Repurchase agreements(2)	820		0		0		820		(820)		0

__________

Offsetting Liabilities

Table 8.3: Offsetting of Financial Assets and Financial Liabilities


	Gross Amounts		Gross Amounts Offset in the Balance Sheet				Net Amounts as Recognized		Securities Collateral Held Under Master Netting Agreements		Net Exposure
(Dollars in millions)			Financial Instruments		Cash Collateral Received
As of September 30, 2022
Derivative assets(1)	$	4,807	$	(691)	$	(954)	$	3,162	$	(80)	$	3,082
As of December 31, 2021
Derivative assets(1)	2,690		(252)		(290)		2,148		0		2,148


	Gross Amounts		Gross Amounts Offset in the Balance Sheet				Net Amounts as Recognized		Securities Collateral Pledged Under Master Netting Agreements		Net Exposure
(Dollars in millions)			Financial Instruments		Cash Collateral Pledged
As of September 30, 2022
Derivative liabilities(1)	$	6,175	$	(691)	$	(889)	$	4,595	$	(87)	$	4,508
Repurchase agreements(2)	528		0		0		528		(528)		0
As of December 31, 2021
Derivative liabilities(1)	1,868		(252)		(292)		1,324		0		1,324
Repurchase agreements(2)	820		0		0		820		(820)		0

__________

Effects of Fair Value and Cash Flow Hedge Accounting

Table 8.4: Effects of Fair Value and Cash Flow Hedge Accounting


	Three Months Ended September 30, 2022
	Net Interest Income												Non-Interest Income
(Dollars in millions)	Investment Securities		Loans, Including Loans Held for Sale		Other		Interest-bearing Deposits		Securitized Debt Obligations		Senior and Subordinated Notes		Other
Total amounts presented in our consolidated statements of income	$	499	$	7,578	$	123	$	(689)	$	(120)	$	(319)	$	192
Fair value hedging relationships:
Interest rate and foreign exchange contracts:
Interest recognized on derivatives	$	22	$	0	$	0	$	4	$	(21)	$	(71)	$	0
Gains (losses) recognized on derivatives	83		0		0		(381)		(311)		(807)		(85)
Gains (losses) recognized on hedged items(1)	(102)		0		0		381		312		846		85
Excluded component of fair value hedges(2)	0		0		0		0		0		(1)		0
Net income (expense) recognized on fair value hedges	$	3	$	0	$	0	$	4	$	(20)	$	(33)	$	0
Cash flow hedging relationships:(3)
Interest rate contracts:
Realized gains (losses) reclassified from AOCI into net income	$	0	$	(86)	$	0	$	0	$	0	$	0	$	0
Foreign exchange contracts:
Realized gains (losses) reclassified from AOCI into net income(4)	0		0		2		0		0		0		(1)
Net income (expense) recognized on cash flow hedges	$	0	$	(86)	$	2	$	0	$	0	$	0	$	(1)


	Nine Months Ended September 30, 2022
	Net Interest Income												Non-Interest Income
(Dollars in millions)	Investment Securities		Loans, Including Loans Held for Sale		Other		Interest-bearing Deposits		Securitized Debt Obligations		Senior and Subordinated Notes		Other
Total amounts presented in our consolidated statements of income	$	1,336	$	20,550	$	193	$	(1,200)	$	(214)	$	(644)	$	634
Fair value hedging relationships:
Interest rate and foreign exchange contracts:
Interest recognized on derivatives	$	22	$	0	$	0	$	46	$	12	$	(20)	$	0
Gains (losses) recognized on derivatives	294		0		0		(569)		(735)		(2,039)		(197)
Gains (losses) recognized on hedged items(1)	(364)		0		0		570		735		2,155		196
Excluded component of fair value hedges(2)	0		0		0		0		0		(2)		0
Net income (expense) recognized on fair value hedges	$	(48)	$	0	$	0	$	47	$	12	$	94	$	(1)
Cash flow hedging relationships:(3)
Interest rate contracts:
Realized gains reclassified from AOCI into net income	$	0	$	104	$	0	$	0	$	0	$	0	$	0
Foreign exchange contracts:
Realized gains (losses) reclassified from AOCI into net income(4)	0		0		1		0		0		0		(1)
Net income (expense) recognized on cash flow hedges	$	0	$	104	$	1	$	0	$	0	$	0	$	(1)


	Three Months Ended September 30, 2021
	Net Interest Income												Non-Interest Income
(Dollars in millions)	Investment Securities		Loans, Including Loans Held for Sale		Other		Interest-bearing Deposits		Securitized Debt Obligations		Senior and Subordinated Notes		Other
Total amounts presented in our consolidated statements of income	$	317	$	6,205	$	16	$	(228)	$	(29)	$	(116)	$	245
Fair value hedging relationships:
Interest rate and foreign exchange contracts:
Interest recognized on derivatives	$	(25)	$	0	$	0	$	31	$	30	$	50	$	0
Gains (losses) recognized on derivatives	19		0		0		(28)		(57)		(72)		(34)
Gains (losses) recognized on hedged items(1)	(83)		0		0		27		54		103		34
Excluded component of fair value hedges(2)	0		0		0		0		0		(1)		0
Net income (expense) recognized on fair value hedges	$	(89)	$	0	$	0	$	30	$	27	$	80	$	0
Cash flow hedging relationships:(3)
Interest rate contracts:
Realized gains reclassified from AOCI into net income	$	10	$	240	$	0	$	0	$	0	$	0	$	0
Foreign exchange contracts:
Realized gains reclassified from AOCI into net income(4)	0		0		0		0		0		0		0
Net income (expense) recognized on cash flow hedges	$	10	$	240	$	0	$	0	$	0	$	0	$	0



	Nine Months Ended September 30, 2021
	Net Interest Income												Non-Interest Income
(Dollars in millions)	Investment Securities		Loans, Including Loans Held for Sale		Other		Interest-bearing Deposits		Securitized Debt Obligations		Senior and Subordinated Notes		Other
Total amounts presented in our consolidated statements of income	$	1,078	$	17,812	$	48	$	(734)	$	(89)	$	(367)	$	598
Fair value hedging relationships:
Interest rate and foreign exchange contracts:
Interest recognized on derivatives	$	(75)	$	0	$	0	$	101	$	93	$	168	$	0
Gains (losses) recognized on derivatives	130		0		0		(117)		(154)		(408)		(79)
Gains (losses) recognized on hedged items(1)	(206)		0		0		116		140		504		79
Excluded component of fair value hedges(2)	0		0		0		0		0		(2)		0
Net income (expense) recognized on fair value hedges	$	(151)	$	0	$	0	$	100	$	79	$	262	$	0
Cash flow hedging relationships:(3)
Interest rate contracts:
Realized gains reclassified from AOCI into net income	$	30	$	700	$	0	$	0	$	0	$	0	$	0
Foreign exchange contracts:
Realized gains reclassified from AOCI into net income(4)	0		0		1		0		0		0		1
Net income (expense) recognized on cash flow hedges	$	30	$	700	$	1	$	0	$	0	$	0	$	1

_________

(3)See “Note 9—Stockholders’ Equity” for the effects of cash flow and net investment hedges on AOCI and amounts reclassified to net income, net of tax.

Gains (Losses) on Free-Standing Derivatives

Table 8.5: Gains (Losses) on Free-Standing Derivatives


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Gains (losses) recognized in other non-interest income:
Customer accommodation:
Interest rate contracts	$	11	$	7	$	31	$	25
Commodity contracts	20		11		37		20
Foreign exchange and other contracts	7		3		11		11
Total customer accommodation	38		21		79		56
Other interest rate exposures	0		18		14		2
Other contracts	(24)		(6)		(29)		(7)
Total	$	14	$	33	$	64	$	51

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Preferred Stock

The following table summarizes our preferred stock outstanding as of September 30, 2022 and December 31, 2021.

Table 9.1: Preferred Stock Outstanding(1)


			Redeemable by Issuer Beginning	Per Annum Dividend Rate	Dividend Frequency	Liquidation Preference per Share		Total Shares Outstanding as of September 30, 2022	Carrying Value (in millions)
Series	Description	Issuance Date							September 30, 2022		December 31, 2021



Series I	5.000% Non-Cumulative	September 11, 2019	December 1, 2024	5.000%	Quarterly	$	1,000	1,500,000	$	1,462	$	1,462
Series J	4.800% Non-Cumulative	January 31, 2020	June 1, 2025	4.800	Quarterly	1,000		1,250,000	1,209		1,209
Series K	4.625% Non-Cumulative	September 17, 2020	December 1, 2025	4.625	Quarterly	1,000		125,000	122		122
Series L	4.375% Non-Cumulative	May 4, 2021	September 1, 2026	4.375	Quarterly	1,000		675,000	652		652
Series M	3.950% Fixed Rate Reset Non-Cumulative	June 10, 2021	September 1, 2026	3.950% through 8/31/2026; resets 9/1/2026 and every subsequent 5 year anniversary at 5-Year Treasury Rate +3.157%	Quarterly	1,000		1,000,000	988		988
Series N	4.250% Non-Cumulative	July 29, 2021	September 1, 2026	4.250%	Quarterly	1,000		425,000	412		412
Total									$	4,845	$	4,845

__________

(1)Except for Series M, ownership is held in the form of depositary shares, each representing a 1/40th interest in a share of fixed-rate non-cumulative perpetual preferred stock.

Change in AOCI Gain (Loss) by Component (Net of Tax)

Table 9.2: AOCI


	Three Months Ended September 30, 2022
(Dollars in millions)	Securities Available for Sale		Hedging Relationships(1)		Foreign Currency Translation Adjustments (2)		Other		Total










AOCI as of June 30, 2022	$	(5,244)	$	(1,574)	$	(78)	$	(20)	$	(6,916)
Other comprehensive income (loss) before reclassifications	(2,937)		(809)		(48)		0		(3,794)
Amounts reclassified from AOCI into earnings	2		5		0		(1)		6
Other comprehensive loss, net of tax	(2,935)		(804)		(48)		(1)		(3,788)
AOCI as of September 30, 2022	$	(8,179)	$	(2,378)	$	(126)	$	(21)	$	(10,704)


	Nine Months Ended September 30, 2022
(Dollars in millions)	Securities Available for Sale		Hedging Relationships(1)		Foreign Currency Translation Adjustments (2)		Other		Total










AOCI as of December 31, 2021	$	297	$	118	$	(21)	$	(20)	$	374
Other comprehensive income (loss) before reclassifications	(8,483)		(2,344)		(105)		0		(10,932)
Amounts reclassified from AOCI into earnings	7		(152)		0		(1)		(146)
Other comprehensive loss, net of tax	(8,476)		(2,496)		(105)		(1)		(11,078)
AOCI as of September 30, 2022	$	(8,179)	$	(2,378)	$	(126)	$	(21)	$	(10,704)


	Three Months Ended September 30, 2021
(Dollars in millions)	Securities Available for Sale		Hedging Relationships(1)		Foreign Currency Translation Adjustments(2)		Other		Total
AOCI as of June 30, 2021	$	1,089	$	730	$	(3)	$	(24)	$	1,792
Other comprehensive income (loss) before reclassifications	(206)		57		(27)		0		(176)
Amounts reclassified from AOCI into earnings	(2)		(252)		0		(2)		(256)
Other comprehensive loss, net of tax	(208)		(195)		(27)		(2)		(432)
AOCI as of September 30, 2021	$	881	$	535	$	(30)	$	(26)	$	1,360


	Nine Months Ended September 30, 2021
(Dollars in millions)	Securities Available for Sale		Hedging Relationships(1)		Foreign Currency Translation Adjustments(2)		Other		Total











AOCI as of December 31, 2020	$	2,186	$	1,362	$	(31)	$	(23)	$	3,494
Other comprehensive income (loss) before reclassifications	(1,300)		(88)		1		0		(1,387)
Amounts reclassified from AOCI into earnings	(5)		(739)		0		(3)		(747)
Other comprehensive income (loss), net of tax	(1,305)		(827)		1		(3)		(2,134)
AOCI as of September 30, 2021	$	881	$	535	$	(30)	$	(26)	$	1,360

__________

(1)Includes amounts related to cash flow hedges as well as the excluded component of cross-currency swaps designated as fair value hedges.

Reclassifications from AOCI

The following table presents amounts reclassified from each component of AOCI to our consolidated statements of income for the three and nine months ended September 30, 2022 and 2021.

Table 9.3: Reclassifications from AOCI


(Dollars in millions)		Three Months Ended September 30,				Nine Months Ended September 30,
AOCI Components	Affected Income Statement Line Item	2022		2021		2022		2021
Securities available for sale:
	Non-interest income (loss)	$	(3)	$	2	$	(9)	$	6
	Income tax provision (benefit)	(1)		0		(2)		1
	Net income (loss)	(2)		2		(7)		5
Hedging relationships:
Interest rate contracts:	Interest income (loss)	(86)		250		104		730
Foreign exchange contracts:	Interest income	2		0		1		1
	Interest expense	(1)		0		(2)		(2)
	Non-interest income	79		83		97		245
	Income (loss) from continuing operations before income taxes	(6)		333		200		974
	Income tax provision (benefit)	(1)		81		48		235
	Net income (loss)	(5)		252		152		739
Other:
	Non-interest income and non-interest expense	1		3		1		4
	Income tax provision (benefit)	0		1		0		1
	Net income	1		2		1		3
Total reclassifications		$	(6)	$	256	$	146	$	747

Components of Other Comprehensive Income (Loss) and Related Tax Impact

The table below summarizes other comprehensive income (loss) activity and the related tax impact for the three and nine months ended September 30, 2022 and 2021.

Table 9.4: Other Comprehensive Income (Loss)


	Three Months Ended September 30,
	2022						2021
(Dollars in millions)	Before Tax		Provision (Benefit)		After Tax		Before Tax		Provision (Benefit)		After Tax
Other comprehensive income (loss):
Net unrealized losses on securities available for sale	$	(3,882)	$	(947)	$	(2,935)	$	(270)	$	(62)	$	(208)
Net unrealized losses on hedging relationships	(1,065)		(261)		(804)		(255)		(60)		(195)
Foreign currency translation adjustments(1)	33		81		(48)		(6)		21		(27)
Other	(1)		0		(1)		(3)		(1)		(2)
Other comprehensive loss	$	(4,915)	$	(1,127)	$	(3,788)	$	(534)	$	(102)	$	(432)


	Nine Months Ended September 30,
	2022						2021
(Dollars in millions)	Before Tax		Provision (Benefit)		After Tax		Before Tax		Provision (Benefit)		After Tax
Other comprehensive income (loss):
Net unrealized losses on securities available for sale	$	(11,181)	$	(2,705)	$	(8,476)	$	(1,716)	$	(411)	$	(1,305)
Net unrealized losses on hedging relationships	(3,292)		(796)		(2,496)		(1,089)		(262)		(827)
Foreign currency translation adjustments(1)	47		152		(105)		11		10		1
Other	(1)		0		(1)		(4)		(1)		(3)
Other comprehensive loss	$	(14,427)	$	(3,349)	$	(11,078)	$	(2,798)	$	(664)	$	(2,134)

__________

(1)Includes the impact of hedging instruments designated as net investment hedges.

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details

Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share.

Table 10.1: Computation of Basic and Diluted Earnings per Common Share


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars and shares in millions, except per share data)	2022		2021		2022		2021
Income from continuing operations, net of tax	$	1,694	$	3,104	$	6,128	$	9,968
Income (loss) from discontinued operations, net of tax	0		0		0		(3)
Net income	1,694		3,104		6,128		9,965
Dividends and undistributed earnings allocated to participating securities	(21)		(26)		(74)		(84)
Preferred stock dividends	(57)		(79)		(171)		(200)
Issuance cost for redeemed preferred stock	0		(12)		0		(12)
Net income available to common stockholders	$	1,616	$	2,987	$	5,883	$	9,669

Total weighted-average basic common shares outstanding	383.4		438.8		394.9		449.2
Effect of dilutive securities:(1)
Stock options	0.2		0.6		0.4		0.7
Other contingently issuable shares	1.0		1.1		1.1		1.0
Total effect of dilutive securities	1.2		1.7		1.5		1.7
Total weighted-average diluted common shares outstanding	384.6		440.5		396.4		450.9
Basic earnings per common share:
Net income from continuing operations	$	4.21	$	6.81	$	14.90	$	21.53
Income (loss) from discontinued operations	0.00		0.00		0.00		(0.01)
Net income per basic common share	$	4.21	$	6.81	$	14.90	$	21.52
Diluted earnings per common share:(1)
Net income from continuing operations	$	4.20	$	6.78	$	14.84	$	21.45
Income (loss) from discontinued operations	0.00		0.00		0.00		(0.01)
Net income per diluted common share	$	4.20	$	6.78	$	14.84	$	21.44

__________

Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table displays our assets and liabilities measured on our consolidated balance sheets at fair value on a recurring basis as of September 30, 2022 and December 31, 2021.

Table 11.1: Assets and Liabilities Measured at Fair Value on a Recurring Basis


	September 30, 2022
	Fair Value Measurements Using						Netting Adjustments(1)
(Dollars in millions)	Level 1		Level 2		Level 3				Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	5,027	$	0	$	0	—		$	5,027
RMBS	0		61,764		218		—		61,982
CMBS	0		7,116		180		—		7,296
Other securities	242		756		0		—		998
Total securities available for sale	5,269		69,636		398		—		75,303
Loans held for sale	0		1,724		0		—		1,724
Other assets:
Derivative assets(2)	986		3,711		110		$	(1,645)	3,162
Other(3)	429		2		36		—		467
Total assets	$	6,684	$	75,073	$	544	$	(1,645)	$	80,656
Liabilities:
Other liabilities:
Derivative liabilities(2)	$	1,551	$	4,509	$	115	$	(1,580)	$	4,595
Total liabilities	$	1,551	$	4,509	$	115	$	(1,580)	$	4,595


	December 31, 2021
	Fair Value Measurements Using						Netting Adjustments(1)
(Dollars in millions)	Level 1		Level 2		Level 3				Total
Assets:
Securities available for sale:
U.S. Treasury securities	$	9,442	$	0	$	0	—		$	9,442
RMBS	0		73,358		258		—		73,616
CMBS	0		9,360		9		—		9,369
Other securities	206		2,628		0		—		2,834
Total securities available for sale	9,648		85,346		267		—		95,261
Loans held for sale	0		1,026		0		—		1,026
Other assets:
Derivative assets(2)	406		2,200		84		$	(542)	2,148
Other(3)	526		6		41		—		573
Total assets	$	10,580	$	88,578	$	392	$	(542)	$	99,008
Liabilities:
Other liabilities:
Derivative liabilities(2)	$	838	$	965	$	65	$	(544)	$	1,324
Total liabilities	$	838	$	965	$	65	$	(544)	$	1,324

__________

Schedule of Level 3 Inputs Reconciliation

Table 11.2: Level 3 Recurring Fair Value Rollforward


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended September 30, 2022
			Total Gains (Losses) (Realized/Unrealized)																		Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2022(1)
(Dollars in millions)	Balance, July 1, 2022		Included in Net Income(1)		Included in OCI		Purchases		Sales		Issuances		Settlements		Transfers Into Level 3		Transfers Out of Level 3		Balance, September 30, 2022
Securities available for sale:(2)
RMBS	$	240	$	2	$	(9)	$	0	$	0	$	0	$	(10)	$	8	$	(13)	$	218	$	2
CMBS	13		(1)		(1)		0		0		0		(8)		177		0		180		0

Total securities available for sale	253		1		(10)		0		0		0		(18)		185		(13)		398		2
Other assets:

Retained interests in securitizations	37		(1)		0		0		0		0		0		0		0		36		(1)
Net derivative assets (liabilities)(3)	(12)		(22)		0		0		0		(11)		0		0		40		(5)		(22)


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Nine Months Ended September 30, 2022
			Total Gains (Losses) (Realized/Unrealized)																		Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2022(1)
(Dollars in millions)	Balance, January 1, 2022		Included in Net Income(1)		Included in OCI		Purchases		Sales		Issuances		Settlements		Transfers Into Level 3		Transfers Out of Level 3		Balance, September 30, 2022
Securities available for sale:(2)
RMBS	$	258	$	15	$	(29)	$	0	$	0	$	0	$	(53)	$	92	$	(65)	$	218	$	6
CMBS	9		(1)		(2)		0		0		0		(13)		190		(3)		180		(1)

Total securities available for sale	267		14		(31)		0		0		0		(66)		282		(68)		398		5
Other assets:

Retained interests in securitizations	41		(5)		0		0		0		0		0		0		0		36		(5)
Net derivative assets (liabilities)(3)	19		(63)		0		0		0		25		2		(28)		40		(5)		(20)


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Three Months Ended September 30, 2021
			Total Gains (Losses) (Realized/Unrealized)																		Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2021(1)
(Dollars in millions)	Balance, July 1, 2021		Included in Net Income(1)		Included in OCI		Purchases		Sales		Issuances		Settlements		Transfers Into Level 3		Transfers Out of Level 3		Balance, September 30, 2021
Securities available for sale:(2)
RMBS	$	289	$	4	$	(1)	$	0	$	0	$	0	$	(23)	$	4	$	(20)	$	253	$	4
CMBS	9		0		1		0		0		0		(1)		0		0		9		0

Total securities available for sale	298		4		0		0		0		0		(24)		4		(20)		262		4
Other assets:

Retained interests in securitizations	46		(3)		0		0		0		0		0		0		0		43		(3)
Net derivative assets (liabilities)(3)	19		(31)		0		0		0		44		6		0		1		39		(29)


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Nine Months Ended September 30, 2021
			Total Gains (Losses) (Realized/Unrealized)																		Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2021(1)
(Dollars in millions)	Balance, January 1, 2021		Included in Net Income(1)		Included in OCI		Purchases		Sales		Issuances		Settlements		Transfers Into Level 3		Transfers Out of Level 3		Balance, September 30, 2021
Securities available for sale:(2)
RMBS	$	328	$	15	$	3	$	0	$	0	$	0	$	(74)	$	88	$	(107)	$	253	$	11
CMBS	111		0		(1)		0		0		0		(7)		0		(94)		9		0

Total securities available for sale	439		15		2		0		0		0		(81)		88		(201)		262		11
Other assets:

Retained interests in securitizations	55		(12)		0		0		0		0		0		0		0		43		(12)
Net derivative assets (liabilities)(3)	31		(41)		0		0		0		66		(23)		6		0		39		(32)

_________

(3)Includes derivative assets and liabilities of $110 million and $115 million, respectively, as of September 30, 2022 and $191 million and $152 million, respectively, as of September 30, 2021.

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis Quantitative Information

Table 11.3: Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at
September 30,
2022

Significant
Valuation
Techniques

Significant
Unobservable
Inputs

Range

Weighted

Average(1)

Securities available for sale:

RMBS

218

Discounted cash flows (vendor pricing)

Yield
Voluntary prepayment rate
Default rate
Loss severity

2-12%

6-25%

0-11%

30-80%

10%

61%

CMBS

180

Discounted cash flows (vendor pricing)

Yield

4-5%

Other assets:

Retained interests in securitizations(2)

Discounted cash flows

Life of receivables (months)
Voluntary prepayment rate
Discount rate
Default rate
Loss severity

31-39

9-18%

4-8%

1-2%

78-291%

N/A

Net derivative assets (liabilities)

(5)

Discounted cash flows

Swap rates

3-4%

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in millions)

Fair Value at
December 31,
2021

Significant
Valuation
Techniques

Significant
Unobservable
Inputs

Range

Weighted

Average(1)

Securities available for sale:

RMBS

258

Discounted cash flows (vendor pricing)

Yield
Voluntary prepayment rate
Default rate
Loss severity

0-21%

5-40%

1-11%

30-100%

11%

65%

CMBS

Discounted cash flows (vendor pricing)

Yield

1-2%

Other assets:

Retained interests in securitizations(2)

Discounted cash flows

Life of receivables (months)
Voluntary prepayment rate
Discount rate
Default rate
Loss severity

29-36

9-18%

2-8%

3-4%

72-151%

N/A

Net derivative assets (liabilities)

Discounted cash flows

Swap rates

1-2%

__________

(1)Weighted averages are calculated by using the product of the input multiplied by the relative fair value of the instruments.

Schedule of Assets Measured at Fair Value on Nonrecurring Basis

Table 11.4: Nonrecurring Fair Value Measurements


	September 30, 2022
	Estimated Fair Value Hierarchy				Total
(Dollars in millions)	Level 2		Level 3
Loans held for investment	$	0	$	221	$	221
Loans held for sale	5		0		5
Other assets(1)	0		99		99
Total	$	5	$	320	$	325


	December 31, 2021
	Estimated Fair Value Hierarchy				Total
(Dollars in millions)	Level 2		Level 3
Loans held for investment	$	0	$	194	$	194
Loans held for sale	118		0		118
Other assets(1)	0		325		325
Total	$	118	$	519	$	637

__________

Schedule of Earnings Related to Assets Measured at Fair Value on Nonrecurring Basis

Table 11.5: Nonrecurring Fair Value Measurements Included in Earnings


	Total Gains (Losses)
	Nine Months Ended September 30,
(Dollars in millions)	2022		2021
Loans held for investment	$	24	$	12
Loans held for sale	0		0
Other assets(1)	(33)		(65)
Total	$	(9)	$	(53)

__________

(1)Other assets include fair value adjustments related to repossessed assets, long-lived assets held for sale and equity investments accounted for under the measurement alternative.

Schedule of Fair Value of Financial Instruments

Table 11.6: Fair Value of Financial Instruments


	September 30, 2022
	Carrying Value		Estimated Fair Value		Estimated Fair Value Hierarchy
(Dollars in millions)					Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	24,892	$	24,892	$	3,716	$	21,176	$	0
Restricted cash for securitization investors	399		399		399		0		0

Net loans held for investment	291,734		296,142		0		0		296,142
Loans held for sale	5		5		0		5		0
Interest receivable	1,853		1,853		0		1,853		0
Other investments(1)	1,623		1,623		0		1,623		0
Financial liabilities:
Deposits with defined maturities	34,758		34,380		0		34,380		0
Securitized debt obligations	15,926		15,878		0		15,878		0
Senior and subordinated notes	30,615		30,302		0		30,302		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	528		528		0		528		0
Other borrowings(2)	7,500		7,500		0		7,500		0
Interest payable	433		433		0		433		0


	December 31, 2021
	Carrying Value		Estimated Fair Value		Estimated Fair Value Hierarchy
(Dollars in millions)					Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	21,746	$	21,746	$	4,164	$	17,582	$	0
Restricted cash for securitization investors	308		308		308		0		0
Net loans held for investment	265,910		270,508		0		0		270,508
Loans held for sale	4,862		5,091		0		5,091		0
Interest receivable	1,460		1,460		0		1,460		0
Other investments(1)	1,344		1,344		0		1,344		0
Financial liabilities:
Deposits with defined maturities	17,923		18,062		0		18,062		0
Securitized debt obligations	14,994		15,122		0		15,122		0
Senior and subordinated notes	27,219		27,842		0		27,842		0
Federal funds purchased and securities loaned or sold under agreements to repurchase	820		820		0		820		0

Interest payable	281		281		0		281		0

__________

(1)Other investments include FHLB and Federal Reserve stock. These investments are included in other assets on our consolidated balance sheets.

(2)Other borrowings exclude capital lease obligations.

Business Segments and Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Results and Reconciliation

The following table presents our business segment results for the three and nine months ended September 30, 2022 and 2021, selected balance sheet data as of September 30, 2022 and 2021, and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, loans held for investment and deposits.Table 12.1: Segment Results and Reconciliation


	Three Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Net interest income (loss)	$	4,313	$	2,311	$	699	$	(320)	$	7,003
Non-interest income (loss)	1,454		129		319		(100)		1,802
Total net revenue (loss)(2)	5,767		2,440		1,018		(420)		8,805
Provision (benefit) for credit losses	1,261		285		123		0		1,669
Non-interest expense	3,004		1,340		542		63		4,949
Income (loss) from continuing operations before income taxes	1,502		815		353		(483)		2,187
Income tax provision (benefit)	356		193		83		(139)		493
Income (loss) from continuing operations, net of tax	$	1,146	$	622	$	270	$	(344)	$	1,694
Loans held for investment	$	126,913	$	81,199	$	95,831	$	0	$	303,943
Deposits	0		256,661		41,058		19,474		317,193


	Nine Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Net interest income (loss)	$	12,051	$	6,571	$	1,941	$	(646)	$	19,917
Non-interest income (loss)	4,322		330		868		(227)		5,293
Total net revenue (loss)(2)	16,373		6,901		2,809		(873)		25,210
Provision (benefit) for credit losses	2,387		696		353		(5)		3,431
Non-interest expense	8,558		3,862		1,515		148		14,083
Income (loss) from continuing operations before income taxes	5,428		2,343		941		(1,016)		7,696
Income tax provision (benefit)	1,291		555		223		(501)		1,568
Income (loss) from continuing operations, net of tax	$	4,137	$	1,788	$	718	$	(515)	$	6,128
Loans held for investment	$	126,913	$	81,199	$	95,831	$	0	$	303,943
Deposits	0		256,661		41,058		19,474		317,193


	Three Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Net interest income (loss)	$	3,620	$	2,159	$	578	$	(201)	$	6,156
Non-interest income (loss)	1,263		127		306		(22)		1,674
Total net revenue (loss)(2)	4,883		2,286		884		(223)		7,830
Provision (benefit) for credit losses	(198)		(91)		(53)		0		(342)
Non-interest expense	2,424		1,186		459		117		4,186
Income (loss) from continuing operations before income taxes	2,657		1,191		478		(340)		3,986
Income tax provision (benefit)	627		282		113		(140)		882
Income (loss) from continuing operations, net of tax	$	2,030	$	909	$	365	$	(200)	$	3,104
Loans held for investment	$	105,030	$	77,112	$	79,248	$	0	$	261,390
Deposits	0		252,387		43,347		10,204		305,938


	Nine Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Net interest income (loss)	$	10,209	$	6,290	$	1,558	$	(336)	$	17,721
Non-interest income (loss)	3,545		412		803		(164)		4,596
Total net revenue (loss)(2)	13,754		6,702		2,361		(500)		22,317
Benefit for credit losses	(1,325)		(523)		(475)		(2)		(2,325)
Non-interest expense	6,822		3,426		1,295		349		11,892
Income (loss) from continuing operations before income taxes	8,257		3,799		1,541		(847)		12,750
Income tax provision (benefit)	1,952		897		364		(431)		2,782
Income (loss) from continuing operations, net of tax	$	6,305	$	2,902	$	1,177	$	(416)	$	9,968
Loans held for investment	$	105,030	$	77,112	$	79,248	$	0	$	261,390
Deposits	0		252,387		43,347		10,204		305,938

__________

Disaggregation of Revenue

The following table presents revenue from contracts with customers and a reconciliation to non-interest income by business segment for the three and nine months ended September 30, 2022 and 2021.

Table 12.2: Revenue from Contracts with Customers and Reconciliation to Segment Results


	Three Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Contract revenue:
Interchange fees, net(2)	$	1,085	$	83	$	27	$	0	$	1,195
Service charges and other customer-related fees	0		23		62		0		85
Other	104		18		13		0		135
Total contract revenue	1,189		124		102		0		1,415
Revenue (reduction) from other sources	265		5		217		(100)		387
Total non-interest income (loss)	$	1,454	$	129	$	319	$	(100)	$	1,802


	Nine Months Ended September 30, 2022
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Contract revenue:
Interchange fees, net(2)	$	3,115	$	234	$	79	$	1	$	3,429
Service charges and other customer-related fees	0		70		190		(1)		259
Other	297		56		14		0		367
Total contract revenue	3,412		360		283		0		4,055
Revenue (reduction) from other sources	910		(30)		585		(227)		1,238
Total non-interest income (loss)	$	4,322	$	330	$	868	$	(227)	$	5,293


	Three Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Contract revenue:
Interchange fees, net(2)	$	930	$	68	$	24	$	0	$	1,022
Service charges and other customer-related fees	0		42		71		0		113
Other	98		17		1		0		116
Total contract revenue	1,028		127		96		0		1,251
Revenue (reduction) from other sources	235		0		210		(22)		423
Total non-interest income (loss)	$	1,263	$	127	$	306	$	(22)	$	1,674


	Nine Months Ended September 30, 2021
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking(1)		Other(1)		Consolidated Total
Contract revenue:
Interchange fees, net(2)	$	2,598	$	192	$	65	$	0	$	2,855
Service charges and other customer-related fees	0		131		187		0		318
Other	262		55		3		0		320
Total contract revenue	2,860		378		255		0		3,493
Revenue (reduction) from other sources	685		34		548		(164)		1,103
Total non-interest income (loss)	$	3,545	$	412	$	803	$	(164)	$	4,596

__________

(2)Interchange fees are presented net of customer reward expenses.

Commitments, Contingencies, Guarantees, and Others (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Letter of Credit and Other Loan Commitments

Table 13.1: Unfunded Lending Commitments


	Contractual Amount				Carrying Value
(Dollars in millions)	September 30, 2022		December 31, 2021		September 30, 2022		December 31, 2021
Credit card lines	$	361,763	$	368,508	N/A		N/A
Other loan commitments(1)	49,053		44,572		$	198	$	125
Standby letters of credit and commercial letters of credit(2)	1,444		1,419		32		24
Total unfunded lending commitments	$	412,260	$	414,499	$	230	$	149

__________

(1)Includes $4.2 billion and $3.9 billion of advised lines of credit as of September 30, 2022 and December 31, 2021, respectively.

(2)These financial guarantees have expiration dates that range from 2022 to 2027 as of September 30, 2022.

Summary of Significant Accounting Policies - Segments (Details)	9 Months Ended
	Sep. 30, 2022 segment
Accounting Policies [Abstract]
Number of operating segments	3

Investment Securities Additional Information (Details) - USD ($) $ in Millions			3 Months Ended		9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Accrued interest receivable	$ 227	$ 207
Proceeds from sales			$ 330	$ 1,100	$ 2,570	$ 1,735
Debt Securities, Available-for-sale, Realized Gain (Loss)			(3)	$ 2	(9)	$ 6
Security Owned and Pledged as Collateral, Associated Liabilities, Fair Value	18,700	20,800	18,700		18,700
Securities Received as Collateral	$ 67	$ 1	$ 67		$ 67

Investment Securities - Investment Available for Sale (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 86,097	$ 94,871
Allowance for Credit Losses	(4)	(1)
Gross Unrealized Gains	153	1,387
Gross Unrealized Losses	(10,943)	(996)
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	75,303	95,261
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,124	9,419
Allowance for Credit Losses	0	0
Gross Unrealized Gains	1	23
Gross Unrealized Losses	(98)	0
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	5,027	9,442
RMBS, Agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	71,245	72,593
Allowance for Credit Losses	0	0
Gross Unrealized Gains	37	958
Gross Unrealized Losses	(10,069)	(931)
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	61,213	72,620
RMBS, Non-agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	666	792
Allowance for Credit Losses	(4)	(1)
Gross Unrealized Gains	112	205
Gross Unrealized Losses	(5)	0
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	769	996
RMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	71,911	73,385
Allowance for Credit Losses	(4)	(1)
Gross Unrealized Gains	149	1,163
Gross Unrealized Losses	(10,074)	(931)
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	61,982	73,616
CMBS, Agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	8,055	9,237
Allowance for Credit Losses	0	0
Gross Unrealized Gains	2	195
Gross Unrealized Losses	(761)	(63)
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	7,296	9,369
Other securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,007	2,830
Allowance for Credit Losses	0	0
Gross Unrealized Gains	1	6
Gross Unrealized Losses	(10)	(2)
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	998	2,834
Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	$ 231	$ 2,000
US Treasury and Agency securities \| Available-for-sale securities \| Government Contracts Concentration Risk
Debt Securities, Available-for-sale [Line Items]
Percentage of portfolio	98.00%	96.00%

Investment Securities - Securities in Gross Unrealized Loss Position (Details) $ in Millions	Sep. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	$ 40,121	$ 41,701
Fair Value - 12 Months or Longer	32,496	9,410
Fair Value - Total	72,617	51,111
Gross Unrealized Loss - Less than 12 Months	(3,821)	(670)
Gross Unrealized Loss - 12 Months or Longer	(7,118)	(326)
Gross Unrealized Loss - Total	$ (10,939)	$ (996)
Number of securities in gross unrealized loss positions \| security	2,730	740
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	$ 4,593
Fair Value - 12 Months or Longer	0
Fair Value - Total	4,593
Gross Unrealized Loss - Less than 12 Months	(98)
Gross Unrealized Loss - 12 Months or Longer	0
Gross Unrealized Loss - Total	(98)
RMBS, Agency
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	30,124	$ 37,492
Fair Value - 12 Months or Longer	30,154	8,606
Fair Value - Total	60,278	46,098
Gross Unrealized Loss - Less than 12 Months	(3,285)	(632)
Gross Unrealized Loss - 12 Months or Longer	(6,784)	(299)
Gross Unrealized Loss - Total	(10,069)	(931)
RMBS, Non-agency
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	16	3
Fair Value - 12 Months or Longer	3	1
Fair Value - Total	19	4
Gross Unrealized Loss - Less than 12 Months	(1)	0
Gross Unrealized Loss - 12 Months or Longer	0	0
Gross Unrealized Loss - Total	(1)	0
RMBS
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	30,140	37,495
Fair Value - 12 Months or Longer	30,157	8,607
Fair Value - Total	60,297	46,102
Gross Unrealized Loss - Less than 12 Months	(3,286)	(632)
Gross Unrealized Loss - 12 Months or Longer	(6,784)	(299)
Gross Unrealized Loss - Total	(10,070)	(931)
CMBS, Agency
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	4,866	2,999
Fair Value - 12 Months or Longer	2,258	803
Fair Value - Total	7,124	3,802
Gross Unrealized Loss - Less than 12 Months	(430)	(36)
Gross Unrealized Loss - 12 Months or Longer	(331)	(27)
Gross Unrealized Loss - Total	(761)	(63)
Other securities
Debt Securities, Available-for-sale [Line Items]
Fair Value - Less than 12 Months	522	1,207
Fair Value - 12 Months or Longer	81	0
Fair Value - Total	603	1,207
Gross Unrealized Loss - Less than 12 Months	(7)	(2)
Gross Unrealized Loss - 12 Months or Longer	(3)	0
Gross Unrealized Loss - Total	$ (10)	$ (2)

Investment Securities - Contractual Maturities and Weighted-Average Yields of Securities (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Securities available for sale
Due in 1 year or less	$ 416
Due after 1 year through 5 years	7,942
Due after 5 years through 10 years	4,514
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	62,431
Securities available for sale	75,303	$ 95,261
Amortized cost of securities available for sale
Due in 1 year or less	417
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost	8,199
Due after 5 years through 10 years	5,059
Due > 10 Years	72,422
Amortized Cost	$ 86,097
Weighted average yield for securities available for sale
Due in 1 Year or Less	3.34%
Due > 1 Year through 5 Years	1.69%
Due > 5 Years through 10 Years	2.28%
Due > 10 Years	2.23%
Total weighted average yield	2.19%
U.S. Treasury securities
Securities available for sale
Due in 1 year or less	$ 0
Due after 1 year through 5 years	5,027
Due after 5 years through 10 years	0
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	0
Securities available for sale	5,027	9,442
RMBS, Agency
Securities available for sale
Due in 1 year or less	0
Due after 1 year through 5 years	113
Due after 5 years through 10 years	1,123
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	59,977
Securities available for sale	61,213	72,620
RMBS, Non-agency
Securities available for sale
Due in 1 year or less	0
Due after 1 year through 5 years	0
Due after 5 years through 10 years	0
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	769
Securities available for sale	769	996
RMBS
Securities available for sale
Due in 1 year or less	0
Due after 1 year through 5 years	113
Due after 5 years through 10 years	1,123
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	60,746
Securities available for sale	$ 61,982	73,616
Weighted average yield for securities available for sale
Weighted-average expected life	7 years 1 month 6 days
CMBS, Agency
Securities available for sale
Due in 1 year or less	$ 174
Due after 1 year through 5 years	2,046
Due after 5 years through 10 years	3,391
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	1,685
Securities available for sale	$ 7,296	9,369
Weighted average yield for securities available for sale
Weighted-average expected life	5 years 1 month 6 days
Other securities
Securities available for sale
Due in 1 year or less	$ 242
Due after 1 year through 5 years	756
Due after 5 years through 10 years	0
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value	0
Securities available for sale	$ 998	$ 2,834

Loans - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable	$ 1,600		$ 1,600		$ 1,200
TDRs	2,300		2,300		1,600
Commitments to lend on loans modified in TDRs	$ 214		$ 214		168
Financing Receivable, Pledged Status [Extensible Enumeration]	Asset Pledged as Collateral [Member]		Asset Pledged as Collateral [Member]
Net loans held for investment	$ 291,734		$ 291,734		265,910
Federal Home Loan banks
Financing Receivable, Allowance for Credit Loss [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	18,500		18,500		19,700
Net loans held for investment	9,800		9,800		10,300
Federal Reserve Discount Window
Financing Receivable, Allowance for Credit Loss [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	21,600		21,600		19,600
Net loans held for investment	34,500		34,500		26,500
Credit Card and Consumer Banking \| Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
TDRs	1,400		1,400		1,100
Commercial Banking \| Performing
Financing Receivable, Allowance for Credit Loss [Line Items]
TDRs	415		415		$ 192
Domestic credit card: \| Domestic Credit Card and Commercial Banking Portfolios [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans converted to term during period	$ 51	$ 37	$ 383	$ 172

Loans - 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	$ 1,700		$ 1,700		$ 1,195
Nonperforming Loans	1,075		1,075		1,100
Nonperforming Loans Without an Allowance	$ 424		$ 424		$ 529
Percentage, 90 Days Past Due and Accruing	0.56%		0.56%		0.43%
Percentage, Nonperforming Loans	0.35%		0.35%		0.40%
Percentage, Nonperforming Loans Without an Allowance	0.14%		0.14%		0.19%
Interest income for loans classified as nonperforming	$ 2	$ 1	$ 29	$ 21
Credit Card
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	1,697		1,697		$ 1,192
Nonperforming Loans	8		8		10
Nonperforming Loans Without an Allowance	0		0		0
Credit Card \| Domestic credit card:
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	1,607		1,607		1,110
Nonperforming Loans Without an Allowance	0		0		0
Credit Card \| International card businesses:
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	90		90		82
Nonperforming Loans	8		8		10
Nonperforming Loans Without an Allowance	0		0		0
Consumer Banking
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	0		0		0
Nonperforming Loans	517		517		391
Nonperforming Loans Without an Allowance	5		5		4
Consumer Banking \| Auto
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	0		0		0
Nonperforming Loans	474		474		344
Nonperforming Loans Without an Allowance	0		0		0
Consumer Banking \| Retail banking
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	0		0		0
Nonperforming Loans	43		43		47
Nonperforming Loans Without an Allowance	5		5		4
Commercial Banking
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	3		3		3
Nonperforming Loans	550		550		699
Nonperforming Loans Without an Allowance	419		419		525
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	3		3		3
Nonperforming Loans	243		243		383
Nonperforming Loans Without an Allowance	219		219		268
Commercial Banking \| Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
90 Days Past Due and Accruing	0		0		0
Nonperforming Loans	307		307		316
Nonperforming Loans Without an Allowance	$ 200		$ 200		$ 257

Loans - Credit Card Delinquency Status (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 303,943	$ 277,340
Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	126,573	114,361
Revolving loans converted to term	340	411
Total	126,913	114,772
Domestic credit card: \| Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	120,978	108,364
Revolving loans converted to term	301	359
Total	121,279	108,723
International card businesses: \| Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	5,595	5,997
Revolving loans converted to term	39	52
Total	5,634	6,049
Current \| Domestic credit card: \| Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	117,410	105,985
Revolving loans converted to term	266	327
Total	117,676	106,312
Current \| International card businesses: \| Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	5,379	5,795
Revolving loans converted to term	30	41
Total	5,409	5,836
30-59 days \| Domestic credit card: \| Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	1,165	760
Revolving loans converted to term	14	13
Total	1,179	773
30-59 days \| International card businesses: \| Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	76	73
Revolving loans converted to term	3	4
Total	79	77
60-89 days \| Domestic credit card: \| Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	808	519
Revolving loans converted to term	9	9
Total	817	528
60-89 days \| International card businesses: \| Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	50	47
Revolving loans converted to term	3	3
Total	53	50
Greater than 90 days \| Domestic credit card: \| Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	1,595	1,100
Revolving loans converted to term	12	10
Total	1,607	1,110
Greater than 90 days \| International card businesses: \| Credit Card
Financing Receivable, Allowance for Credit Loss [Line Items]
Revolving loans	90	82
Revolving loans converted to term	3	4
Total	$ 93	$ 86

Loans - Consumer Banking Portfolio by Credit Quality Indicator (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 303,943	$ 277,340
Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	27,447	38,021
Term loans by vintage year two	28,364	18,865
Term loans by vintage year three	12,996	10,789
Term loans by vintage year four	6,965	5,487
Term loans by vintage year five	3,161	2,816
Term loans by vintage after year five	1,820	1,287
Total term loans	80,753	77,265
Revolving loans	439	373
Revolving loans converted to term	7	8
Total	81,199	77,646
Auto \| Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	27,294	37,736
Term loans by vintage year two	28,226	18,687
Term loans by vintage year three	12,904	10,615
Term loans by vintage year four	6,828	5,318
Term loans by vintage year five	3,024	2,639
Term loans by vintage after year five	1,304	784
Total term loans	79,580	75,779
Revolving loans	0	0
Revolving loans converted to term	0	0
Total	79,580	75,779
Retail banking \| Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	153	285
Term loans by vintage year two	138	178
Term loans by vintage year three	92	174
Term loans by vintage year four	137	169
Term loans by vintage year five	137	177
Term loans by vintage after year five	516	503
Total term loans	1,173	1,486
Revolving loans	439	373
Revolving loans converted to term	7	8
Total	1,619	1,867
PPP loans	38	232
Current \| Retail banking \| Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	153	285
Term loans by vintage year two	136	171
Term loans by vintage year three	91	172
Term loans by vintage year four	135	161
Term loans by vintage year five	130	176
Term loans by vintage after year five	505	491
Total term loans	1,150	1,456
Revolving loans	425	345
Revolving loans converted to term	5	6
Total	1,580	1,807
30-59 days \| Retail banking \| Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	0	0
Term loans by vintage year two	1	2
Term loans by vintage year three	0	2
Term loans by vintage year four	0	7
Term loans by vintage year five	4	0
Term loans by vintage after year five	2	1
Total term loans	7	12
Revolving loans	8	23
Revolving loans converted to term	0	0
Total	15	35
60-89 days \| Retail banking \| Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	0	0
Term loans by vintage year two	1	4
Term loans by vintage year three	0	0
Term loans by vintage year four	2	0
Term loans by vintage year five	0	0
Term loans by vintage after year five	0	2
Total term loans	3	6
Revolving loans	2	1
Revolving loans converted to term	0	0
Total	5	7
Greater than 90 days \| Retail banking \| Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	0	0
Term loans by vintage year two	0	1
Term loans by vintage year three	1	0
Term loans by vintage year four	0	1
Term loans by vintage year five	3	1
Term loans by vintage after year five	9	9
Total term loans	13	12
Revolving loans	4	4
Revolving loans converted to term	2	2
Total	19	18
Greater than 660 \| Auto \| Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	15,488	20,758
Term loans by vintage year two	15,559	8,630
Term loans by vintage year three	6,005	4,739
Term loans by vintage year four	3,020	2,394
Term loans by vintage year five	1,300	1,153
Term loans by vintage after year five	502	301
Total term loans	41,874	37,975
Revolving loans	0	0
Revolving loans converted to term	0	0
Total	41,874	37,975
621-660 \| Auto \| Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	5,301	7,456
Term loans by vintage year two	5,543	3,721
Term loans by vintage year three	2,535	2,109
Term loans by vintage year four	1,349	1,084
Term loans by vintage year five	626	537
Term loans by vintage after year five	270	157
Total term loans	15,624	15,064
Revolving loans	0	0
Revolving loans converted to term	0	0
Total	15,624	15,064
620 or below \| Auto \| Consumer Banking
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans by vintage year one	6,505	9,522
Term loans by vintage year two	7,124	6,336
Term loans by vintage year three	4,364	3,767
Term loans by vintage year four	2,459	1,840
Term loans by vintage year five	1,098	949
Term loans by vintage after year five	532	326
Total term loans	22,082	22,740
Revolving loans	0	0
Revolving loans converted to term	0	0
Total	$ 22,082	$ 22,740

Loans - Commercial Banking: Risk Profile by Internal Risk Rating (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 303,943	$ 277,340
Commercial Banking
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	26,052	19,811
Term loans by vintage year two	12,734	10,398
Term loans by vintage year three	6,980	10,239
Term loans by vintage year four	5,953	5,788
Term loans by vintage year five	3,767	2,919
Term loans by vintage after year five	8,113	8,492
Total term loans	63,599	57,647
Revolving loans	32,178	27,191
Revolving loans converted to term	54	84
Total	95,831	84,922
PPP loans	32	102
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	8,416	6,838
Term loans by vintage year two	5,117	3,119
Term loans by vintage year three	1,909	3,810
Term loans by vintage year four	2,432	2,738
Term loans by vintage year five	1,835	1,063
Term loans by vintage after year five	4,492	5,282
Total term loans	24,201	22,850
Revolving loans	13,999	12,387
Revolving loans converted to term	25	25
Total	38,225	35,262
Commercial Banking \| Commercial and multifamily real estate \| Noncriticized
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	7,785	6,590
Term loans by vintage year two	4,837	2,924
Term loans by vintage year three	1,748	3,393
Term loans by vintage year four	1,986	2,401
Term loans by vintage year five	1,502	793
Term loans by vintage after year five	3,237	3,538
Total term loans	21,095	19,639
Revolving loans	13,861	12,286
Revolving loans converted to term	25	0
Total	34,981	31,925
Commercial Banking \| Commercial and multifamily real estate \| Criticized \| Criticized performing
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	529	248
Term loans by vintage year two	280	195
Term loans by vintage year three	161	329
Term loans by vintage year four	439	317
Term loans by vintage year five	314	261
Term loans by vintage after year five	1,140	1,478
Total term loans	2,863	2,828
Revolving loans	138	101
Revolving loans converted to term	0	25
Total	3,001	2,954
Commercial Banking \| Commercial and multifamily real estate \| Criticized \| Criticized nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	102	0
Term loans by vintage year two	0	0
Term loans by vintage year three	0	88
Term loans by vintage year four	7	20
Term loans by vintage year five	19	9
Term loans by vintage after year five	115	266
Total term loans	243	383
Revolving loans	0	0
Revolving loans converted to term	0	0
Total	243	383
Commercial Banking \| Commercial And Industrial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	17,636	12,973
Term loans by vintage year two	7,617	7,279
Term loans by vintage year three	5,071	6,429
Term loans by vintage year four	3,521	3,050
Term loans by vintage year five	1,932	1,856
Term loans by vintage after year five	3,621	3,210
Total term loans	39,398	34,797
Revolving loans	18,179	14,804
Revolving loans converted to term	29	59
Total	57,606	49,660
Commercial Banking \| Commercial And Industrial [Member] \| Noncriticized
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	16,701	12,662
Term loans by vintage year two	7,028	7,039
Term loans by vintage year three	4,907	5,506
Term loans by vintage year four	3,186	2,750
Term loans by vintage year five	1,744	1,730
Term loans by vintage after year five	3,492	3,033
Total term loans	37,058	32,720
Revolving loans	17,491	14,310
Revolving loans converted to term	29	59
Total	54,578	47,089
Commercial Banking \| Commercial And Industrial [Member] \| Criticized \| Criticized performing
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	787	279
Term loans by vintage year two	566	188
Term loans by vintage year three	158	838
Term loans by vintage year four	293	207
Term loans by vintage year five	147	120
Term loans by vintage after year five	123	167
Total term loans	2,074	1,799
Revolving loans	647	456
Revolving loans converted to term	0	0
Total	2,721	2,255
Commercial Banking \| Commercial And Industrial [Member] \| Criticized \| Criticized nonperforming
Financing Receivable, Allowance for Credit Loss [Line Items]
Term loans by vintage year one	148	32
Term loans by vintage year two	23	52
Term loans by vintage year three	6	85
Term loans by vintage year four	42	93
Term loans by vintage year five	41	6
Term loans by vintage after year five	6	10
Total term loans	266	278
Revolving loans	41	38
Revolving loans converted to term	0	0
Total	$ 307	$ 316

Loans - Trouble Debt Restructurings (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 495	$ 179	$ 1,629	$ 601
Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 106	$ 65	$ 289	$ 208
Credit Card \| Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	100.00%	100.00%	100.00%	100.00%
Average Rate Reduction	19.77%	20.90%	19.63%	21.26%
Consumer Banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 276	$ 89	$ 796	$ 270
Consumer Banking \| Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	64.00%	48.00%	56.00%	40.00%
Average Rate Reduction	8.45%	8.54%	8.59%	8.72%
Consumer Banking \| Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	97.00%	92.00%	97.00%	93.00%
Average Term Extension (Months)	5 months	4 months	4 months	4 months
Consumer Banking \| Principal Forgiveness
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivables, Impaired, Write-down Percentage of Troubled Debt Restructuring Activity				0.00%
Gross Balance Reduction				$ 1
Consumer Banking \| Auto
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 275	$ 89	$ 794	$ 269
Consumer Banking \| Auto \| Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	64.00%	48.00%	56.00%	40.00%
Average Rate Reduction	8.45%	8.54%	8.59%	8.74%
Consumer Banking \| Auto \| Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	97.00%	92.00%	97.00%	93.00%
Average Term Extension (Months)	5 months	4 months	4 months	4 months
Consumer Banking \| Auto \| Principal Forgiveness
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivables, Impaired, Write-down Percentage of Troubled Debt Restructuring Activity				0.00%
Gross Balance Reduction				$ 1
Consumer Banking \| Retail banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 1		$ 2	$ 1
Consumer Banking \| Retail banking \| Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity				20.00%
Average Rate Reduction				2.55%
Consumer Banking \| Retail banking \| Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	60.00%		76.00%	36.00%
Average Term Extension (Months)	14 months		13 months	67 months
Commercial Banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 113	$ 25	$ 544	$ 123
Commercial Banking \| Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	20.00%	12.00%	6.00%	2.00%
Average Rate Reduction	0.78%	2.50%	0.35%	1.29%
Commercial Banking \| Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	99.00%	100.00%	72.00%	61.00%
Average Term Extension (Months)	15 months	11 months	13 months	11 months
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 38	$ 21	$ 302	$ 41
Commercial Banking \| Commercial and multifamily real estate \| Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	58.00%	14.00%	10.00%	7.00%
Average Rate Reduction	0.78%	2.50%	0.35%	1.29%
Commercial Banking \| Commercial and multifamily real estate \| Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	100.00%	100.00%	80.00%	100.00%
Average Term Extension (Months)	11 months	12 months	13 months	13 months
Commercial Banking \| Commercial And Industrial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 75	$ 4	$ 242	$ 82
Commercial Banking \| Commercial And Industrial [Member] \| Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	98.00%	100.00%	62.00%	41.00%
Average Term Extension (Months)	17 months	4 months	14 months	8 months
Domestic credit card: \| Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 77	$ 37	$ 196	$ 114
Domestic credit card: \| Credit Card \| Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	100.00%	100.00%	100.00%	100.00%
Average Rate Reduction	16.79%	15.80%	15.76%	16.00%
International card businesses: \| Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total Loans Modified	$ 29	$ 28	$ 93	$ 94
International card businesses: \| Credit Card \| Reduced Interest Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
% of TDR Activity	100.00%	100.00%	100.00%	100.00%
Average Rate Reduction	27.52%	27.75%	27.73%	27.66%

Loans - TDR - Subsequent Defaults (Details) $ in Millions	3 Months Ended		9 Months Ended
Loans - TDR - Subsequent Defaults (Details) $ in Millions	Sep. 30, 2022 USD ($) contract	Sep. 30, 2021 USD ($) contract	Sep. 30, 2022 USD ($) contract	Sep. 30, 2021 USD ($) contract
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	33,490	19,001	89,145	64,707
Total Loans \| $	$ 120	$ 96	$ 318	$ 361
Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	28,898	16,848	79,040	58,237
Total Loans \| $	$ 38	$ 24	$ 105	$ 93
Consumer Banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	4,592	2,152	10,102	6,462
Total Loans \| $	$ 82	$ 34	$ 178	$ 98
Consumer Banking \| Auto
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	4,592	2,151	10,102	6,453
Total Loans \| $	$ 82	$ 34	$ 178	$ 98
Consumer Banking \| Retail banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	0	1	0	9
Total Loans \| $	$ 0	$ 0	$ 0	$ 0
Commercial Banking
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	0	1	3	8
Total Loans \| $	$ 0	$ 38	$ 35	$ 170
Commercial Banking \| Commercial And Industrial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	0	1	3	7
Total Loans \| $	$ 0	$ 38	$ 35	$ 120
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	0	0	0	1
Total Loans \| $	$ 0	$ 0	$ 0	$ 50
Domestic credit card: \| Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	9,927	4,168	23,951	13,528
Total Loans \| $	$ 19	$ 7	$ 47	$ 25
International card businesses: \| Credit Card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	18,971	12,680	55,089	44,709
Total Loans \| $	$ 19	$ 17	$ 58	$ 68

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit loss	$ 12,209		$ 11,430
Allowance for credit losses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit loss	$ 12,209	$ 11,491	$ 11,430	$ 11,573	$ 12,346	$ 15,564

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments - Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance			$ 11,430
Balance at the end of the period	$ 12,209		12,209
Provision (benefit) for credit losses	1,669	$ (342)	3,431	$ (2,325)
Financing Receivable Allowance For Credit Loss Translation Adjustments And Purchase Credit Deteriorated Loans	10	6	10	6
Other
Allowance for Credit Losses [Roll Forward]
Provision (benefit) for credit losses	0	0	(5)	(2)
Allowance for credit losses
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	11,491	12,346	11,430	15,564
Allowance build (release) for credit losses	734	(770)	815	(4,001)
Other changes	(16)	(3)	(36)	10
Balance at the end of the period	12,209	11,573	12,209	11,573
Financing Receivable, Allowance for Credit Loss, Writeoff	(1,470)	(1,019)	(4,174)	(3,608)
Recoveries	539	593	1,631	1,901
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(931)	(426)	(2,543)	(1,707)
Provision (benefit) for credit losses	1,665	(344)	3,358	(2,294)
Increase (Decrease) in Allowance for Credit Loss			779
Reserve for unfunded lending commitments
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	239	164	165	195
Balance at the end of the period	243	166	243	166
Provision (benefit) for credit losses	4	2	78	(29)
Combined allowance and reserve
Allowance for Credit Losses [Roll Forward]
Balance at the end of the period	12,452	11,739	12,452	11,739
Credit Card \| Allowance for credit losses
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	8,166	8,873	8,345	11,191
Allowance build (release) for credit losses	566	(564)	407	(2,895)
Other changes	(16)	(3)	(36)	10
Balance at the end of the period	8,716	8,306	8,716	8,306
Financing Receivable, Allowance for Credit Loss, Writeoff	(1,047)	(735)	(3,011)	(2,695)
Recoveries	352	369	1,031	1,125
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(695)	(366)	(1,980)	(1,570)
Provision (benefit) for credit losses	1,261	(198)	2,387	(1,325)
Credit Card \| Reserve for unfunded lending commitments
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	0	0	0	0
Balance at the end of the period	0	0	0	0
Provision (benefit) for credit losses	0	0	0	0
Credit Card \| Combined allowance and reserve
Allowance for Credit Losses [Roll Forward]
Balance at the end of the period	8,716	8,306	8,716	8,306
Consumer Banking \| Allowance for credit losses
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	2,047	2,203	1,918	2,715
Allowance build (release) for credit losses	61	(142)	190	(654)
Other changes	0	0	0	0
Balance at the end of the period	2,108	2,061	2,108	2,061
Financing Receivable, Allowance for Credit Loss, Writeoff	(410)	(264)	(1,090)	(866)
Recoveries	186	213	584	735
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(224)	(51)	(506)	(131)
Provision (benefit) for credit losses	285	(91)	696	(523)
Consumer Banking \| Reserve for unfunded lending commitments
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	0	0	0	0
Balance at the end of the period	0	0	0	0
Provision (benefit) for credit losses	0	0	0	0
Consumer Banking \| Combined allowance and reserve
Allowance for Credit Losses [Roll Forward]
Balance at the end of the period	2,108	2,061	2,108	2,061
Commercial Banking \| Allowance for credit losses
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,278	1,270	1,167	1,658
Allowance build (release) for credit losses	107	(64)	218	(452)
Other changes	0	0	0	0
Balance at the end of the period	1,385	1,206	1,385	1,206
Financing Receivable, Allowance for Credit Loss, Writeoff	(13)	(20)	(73)	(47)
Recoveries	1	11	16	41
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(12)	(9)	(57)	(6)
Provision (benefit) for credit losses	119	(55)	275	(446)
Commercial Banking \| Reserve for unfunded lending commitments
Allowance for Credit Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	239	164	165	195
Balance at the end of the period	243	166	243	166
Provision (benefit) for credit losses	4	2	78	(29)
Commercial Banking \| Combined allowance and reserve
Allowance for Credit Losses [Roll Forward]
Balance at the end of the period	$ 1,628	$ 1,372	$ 1,628	$ 1,372

Allowance for Credit Losses and Reserve for Unfunded Lending Commitments - Summary of Loss Sharing Arrangements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses	$ 1,669	$ (342)	$ 3,431	$ (2,325)
Loss sharing agreements
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Expected reimbursement from loss sharing partners, beginning balance	1,302	1,711	1,450	2,159
Financing Receivable, Allowance for Credit Loss, Writeoff	(127)	(80)	(353)	(349)
Provision (benefit) for credit losses	237	(181)	315	(360)
Expected reimbursement from loss sharing partners, ending balance	$ 1,412	$ 1,450	$ 1,412	$ 1,450

Variable Interest Entities and Securitizations - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Variable Interest Entity [Line Items]
Amortization method qualified affordable housing investments, amortization	$ 484	$ 477
Affordable housing tax credits	582	$ 560
Amortization method qualified affordable housing investments	4,800		$ 4,700
Qualified affordable housing investments, commitment	1,700		1,700
Carrying Amount of Assets	444,232		432,381
VIE, reporting entity involvement, maximum loss exposure	5,095		5,157
Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	5,095		5,157
Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	28,560		26,458
Affordable housing entities
Variable Interest Entity [Line Items]
VIE, reporting entity involvement, maximum loss exposure	4,754		4,774
Affordable housing entities \| Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	4,754		4,774
Total assets of the unconsolidated VIE investment funds	12,500		11,900
Affordable housing entities \| Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	259		263
Entities that provide capital to low-income and rural communities
Variable Interest Entity [Line Items]
VIE, reporting entity involvement, maximum loss exposure	0		0
Entities that provide capital to low-income and rural communities \| Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0		0
Entities that provide capital to low-income and rural communities \| Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	2,337		2,074
Other
Variable Interest Entity [Line Items]
VIE, reporting entity involvement, maximum loss exposure	341		383
Other \| Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	341		383
Other \| Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	$ 0		$ 0

Variable Interest Entities and Securitizations - Carrying Amount of Consolidated and Unconsolidated VIEs (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	$ 5,095	$ 5,157
Carrying Amount of Assets	444,232	432,381
Carrying Amount of Liabilities	393,371	371,352
Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	28,560	26,458
Carrying Amount of Liabilities	16,892	15,256
Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	5,095	5,157
Carrying Amount of Liabilities	1,495	1,454
Affordable housing entities
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	4,754	4,774
VIE, nonconsolidated, carrying amount of assets included in certain investment structures	2,200	2,200
VIE, nonconsolidated, carrying amount of liabilities included in certain investment structures	562	568
Affordable housing entities \| Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	259	263
Carrying Amount of Liabilities	20	27
Affordable housing entities \| Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	4,754	4,774
Carrying Amount of Liabilities	1,495	1,454
Entities that provide capital to low-income and rural communities
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	0	0
Entities that provide capital to low-income and rural communities \| Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	2,337	2,074
Carrying Amount of Liabilities	10	26
Entities that provide capital to low-income and rural communities \| Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0	0
Carrying Amount of Liabilities	0	0
Other
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	341	383
Other \| Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0	0
Carrying Amount of Liabilities	0	0
Other \| Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	341	383
Carrying Amount of Liabilities	0	0
Total other VIEs
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	5,095	5,157
Total other VIEs \| Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	2,596	2,337
Carrying Amount of Liabilities	30	53
Total other VIEs \| Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	5,095	5,157
Carrying Amount of Liabilities	1,495	1,454
Credit card loan securitizations
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	0	0
Credit card loan securitizations \| Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	20,544	21,569
Carrying Amount of Liabilities	12,374	13,016
Credit card loan securitizations \| Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0	0
Carrying Amount of Liabilities	0	0
Auto loan securitizations
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	0	0
Auto loan securitizations \| Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	5,420	2,552
Carrying Amount of Liabilities	4,488	2,187
Auto loan securitizations \| Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0	0
Carrying Amount of Liabilities	0	0
Total securitization-related VIEs
Variable Interest Entity [Line Items]
Maximum Exposure to Loss	0	0
Total securitization-related VIEs \| Consolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	25,964	24,121
Carrying Amount of Liabilities	16,862	15,203
Total securitization-related VIEs \| Unconsolidated
Variable Interest Entity [Line Items]
Carrying Amount of Assets	0	0
Carrying Amount of Liabilities	$ 0	$ 0

Variable Interest Entities and Securitizations - Continuing Involvement in Securitization Related VIEs (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Credit Card
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Securities held by third-party investors, non-mortgage	$ 11,443	$ 12,808
Receivables in the trust, non-mortgage	21,155	22,454
Cash balance of spread or reserve accounts, non-mortgage	0	0
Auto
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Securities held by third-party investors, non-mortgage	4,483	2,186
Receivables in the trust, non-mortgage	5,212	2,418
Cash balance of spread or reserve accounts, non-mortgage	$ 23	$ 13

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible	$ 17	$ 5	$ 45	$ 16

Goodwill and Intangible Assets - Components (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Schedule of Intangible Assets by Major Class [Line Items]
Goodwill, gross	$ 14,771	$ 14,782
Goodwill	14,771	14,782
Intangible assets, gross (excluding Goodwill)	359	242
Accumulated amortization	(176)	(131)
Intangible assets, net (excluding Goodwill)	183	111
Intangible assets gross including Goodwill	15,130	15,024
Total goodwill and other intangible assets, net carrying value	14,954	14,893
Commercial MSRs, gross	646	622
Commercial MSR, accumulated amortization	(215)	(202)
Total commercial MSRs	431	420
PCCR intangibles
Schedule of Intangible Assets by Major Class [Line Items]
Intangible assets, gross (excluding Goodwill)	146	29
Accumulated amortization	(18)	(10)
Intangible assets, net (excluding Goodwill)	128	19
Other intangible assets
Schedule of Intangible Assets by Major Class [Line Items]
Intangible assets, gross (excluding Goodwill)	213	213
Accumulated amortization	(158)	(121)
Intangible assets, net (excluding Goodwill)	$ 55	$ 92

Goodwill and Intangible Assets - Goodwill Business Segments (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill	$ 14,771	$ 14,782
Other adjustments	(11)
Credit Card
Goodwill [Roll Forward]
Goodwill	5,072	5,087
Other adjustments	(15)
Consumer Banking
Goodwill [Roll Forward]
Goodwill	4,645	4,645
Other adjustments	0
Commercial Banking
Goodwill [Roll Forward]
Goodwill	5,054	$ 5,050
Other adjustments	$ 4

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Deposits and Borrowings - Deposits and Short-term Borrowings (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Deposits [Abstract]
Non-interest-bearing deposits	$ 34,391	$ 38,043
Interest-bearing deposits	282,802	272,937
Total deposits	317,193	310,980	$ 305,938
Short-term borrowings
Short-term borrowings	528	820
Time deposits, at or above FDIC insurance limit	3,900	1,800
Federal funds purchased and securities loaned or sold under agreements to repurchase
Short-term borrowings
Short-term borrowings	$ 528	$ 820

Deposits and Borrowings - Long-Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total long-term debt	$ 54,079	$ 42,266
Total short-term borrowings and long-term debt	54,607	43,086
EUR denominated unsecured notes	30,615	27,219
Euro
Debt Instrument [Line Items]
EUR denominated unsecured notes	$ 1,100	1,400
Securitized debt obligations
Debt Instrument [Line Items]
Weighted average interest rate	2.27%
Carrying value	$ 15,926	14,994
Total senior and subordinated notes
Debt Instrument [Line Items]
Carrying value	$ 30,615	27,219
Senior notes \| Total unsecured senior debt
Debt Instrument [Line Items]
Weighted average interest rate	3.46%
Carrying value	$ 25,554	21,684
Senior notes \| Fixed unsecured senior debt
Debt Instrument [Line Items]
Weighted average interest rate	3.44%
Carrying value	$ 23,957	19,975
Senior notes \| Floating unsecured senior debt
Debt Instrument [Line Items]
Weighted average interest rate	3.77%
Carrying value	$ 1,597	1,709
Subordinated notes \| Fixed unsecured subordinated debt
Debt Instrument [Line Items]
Weighted average interest rate	3.52%
Carrying value	$ 5,061	5,535
FHLB advances
Debt Instrument [Line Items]
Weighted average interest rate	3.13%
Carrying value	$ 7,500	0
Finance lease liabilities
Debt Instrument [Line Items]
Weighted average interest rate	3.92%
Carrying value	$ 38	53
Total other long-term borrowings
Debt Instrument [Line Items]
Carrying value	$ 7,538	$ 53
Minimum \| Securitized debt obligations
Debt Instrument [Line Items]
Stated interest rates	0.32%
Minimum \| Senior notes \| Fixed unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	0.80%
Minimum \| Senior notes \| Floating unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	3.53%
Minimum \| Subordinated notes \| Fixed unsecured subordinated debt
Debt Instrument [Line Items]
Stated interest rates	2.36%
Minimum \| FHLB advances
Debt Instrument [Line Items]
Stated interest rates	3.07%
Minimum \| Finance lease liabilities
Debt Instrument [Line Items]
Stated interest rates	0.30%
Maximum \| Securitized debt obligations
Debt Instrument [Line Items]
Stated interest rates	3.74%
Maximum \| Senior notes \| Fixed unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	5.27%
Maximum \| Senior notes \| Floating unsecured senior debt
Debt Instrument [Line Items]
Stated interest rates	4.31%
Maximum \| Subordinated notes \| Fixed unsecured subordinated debt
Debt Instrument [Line Items]
Stated interest rates	4.20%
Maximum \| FHLB advances
Debt Instrument [Line Items]
Stated interest rates	3.19%
Maximum \| Finance lease liabilities
Debt Instrument [Line Items]
Stated interest rates	9.91%

Derivative Instruments and Hedging Activities - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Loss (net after-tax) recorded in AOCI related to derivatives designated as cash flow hedges expected to be reclassified to earnings over the next 12 months	$ (690)
Maximum length of time over which forecasted transactions were hedged, years	5 years 6 months

Derivative Instruments and Hedging Activities - Derivative Assets and Liabilities at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Notional or contractual amount	$ 249,275	$ 213,069
Derivative assets, gross amount	4,807	2,690
Derivative liabilities, gross amount	6,175	1,868
Derivative asset, netting adjustments	(1,645)	(542)
Derivative liability, netting adjustments	(1,580)	(544)
Total derivative assets	3,162	2,148
Total derivative liabilities	4,595	1,324
Net valuation allowance on derivative assets and liabilities for non-performance risk	6	11
Derivatives designated as accounting hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	116,424	111,618
Derivative assets, gross amount	589	326
Derivative liabilities, gross amount	1,001	39
Derivatives designated as accounting hedges \| Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional or contractual amount	109,216	102,059
Derivative assets, gross amount	9	246
Derivative liabilities, gross amount	687	19
Derivatives designated as accounting hedges \| Interest rate contracts \| Fair value hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	58,616	49,659
Derivative assets, gross amount	8	2
Derivative liabilities, gross amount	136	3
Derivatives designated as accounting hedges \| Interest rate contracts \| Cash flow hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	50,600	52,400
Derivative assets, gross amount	1	244
Derivative liabilities, gross amount	551	16
Derivatives designated as accounting hedges \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional or contractual amount	7,208	9,559
Derivative assets, gross amount	580	80
Derivative liabilities, gross amount	314	20
Derivatives designated as accounting hedges \| Foreign exchange contracts \| Fair value hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	1,225	1,421
Derivative assets, gross amount	0	13
Derivative liabilities, gross amount	314	0
Derivatives designated as accounting hedges \| Foreign exchange contracts \| Cash flow hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	2,088	4,679
Derivative assets, gross amount	102	24
Derivative liabilities, gross amount	0	20
Derivatives designated as accounting hedges \| Foreign exchange contracts \| Net investment hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	3,895	3,459
Derivative assets, gross amount	478	43
Derivative liabilities, gross amount	0	0
Derivatives not designated as accounting hedges
Derivatives, Fair Value [Line Items]
Notional or contractual amount	132,851	101,451
Derivative assets, gross amount	4,218	2,364
Derivative liabilities, gross amount	5,174	1,829
Derivatives not designated as accounting hedges \| Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	128,604	97,524
Derivative assets, gross amount	4,171	2,329
Derivative liabilities, gross amount	5,118	1,797
Derivatives not designated as accounting hedges \| Interest rate contracts \| Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	88,875	71,724
Derivative assets, gross amount	879	620
Derivative liabilities, gross amount	2,015	194
Derivatives not designated as accounting hedges \| Interest rate contracts \| Other interest rate exposures
Derivatives, Fair Value [Line Items]
Notional or contractual amount	2,258	1,899
Derivative assets, gross amount	38	33
Derivative liabilities, gross amount	44	25
Derivatives not designated as accounting hedges \| Foreign exchange contracts \| Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	4,253	3,779
Derivative assets, gross amount	141	40
Derivative liabilities, gross amount	114	42
Derivatives not designated as accounting hedges \| Commodity contracts \| Customer accommodation
Derivatives, Fair Value [Line Items]
Notional or contractual amount	35,476	22,021
Derivative assets, gross amount	3,151	1,669
Derivative liabilities, gross amount	2,989	1,561
Derivatives not designated as accounting hedges \| Other contracts
Derivatives, Fair Value [Line Items]
Notional or contractual amount	1,989	2,028
Derivative assets, gross amount	9	2
Derivative liabilities, gross amount	$ 12	$ 7

Derivative Instruments and Hedging Activities - Hedged Items in Fair Value Hedging Relationship (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Hedged Items In Fair Value Hedging Relationship [Line Items]
Hedged Assets, Fair Value Hedge, Cumulative Increase (Decrease)	$ (14)	$ 3
Hedged Assets, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	236	247
Prepayable Financial Asset Closed Portfolio, Last-of-Layer, Amortized Cost	225	225
Available-for-sale securities
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount of Assets	3,979	10,327
Hedged Assets, Fair Value Hedge, Cumulative Increase (Decrease)	(78)	286
Hedged Assets, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	220	295
Interest-bearing deposits
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount Of Liabilities	(15,142)	(7,361)
Hedged Liabilities, Fair Value Hedge, Cumulative Increase (Decrease)	524	(47)
Hedged Liabilities, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	(1)	(1)
Securitized debt obligations
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount Of Liabilities	(10,389)	(11,155)
Hedged Liabilities, Fair Value Hedge, Cumulative Increase (Decrease)	783	49
Hedged Liabilities, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	0	3
Senior and subordinated notes
Hedged Items In Fair Value Hedging Relationship [Line Items]
Carrying Amount Of Liabilities	(27,024)	(22,777)
Hedged Liabilities, Fair Value Hedge, Cumulative Increase (Decrease)	1,622	(531)
Hedged Liabilities, Discontinued Fair Value Hedge, Cumulative Increase (Decrease)	$ (573)	$ (708)

Derivative Instruments and Hedging Activities - Offsetting Assets (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative assets
Derivative assets, gross amount	$ 4,807	$ 2,690
Derivative assets, offsetting financial instruments	(691)	(252)
Derivative assets, offsetting cash collateral	(954)	(290)
Total derivative assets	3,162	2,148
Derivative assets, securities not netted	(80)	0
Net Exposure	3,082	2,148
Derivative, collateral, obligation to return cash	1,100	377
Derivative, collateral, obligation to return securities	67	1
Derivative, collateral, right to reclaim cash	$ 3,500	$ 2,000

Derivative Instruments and Hedging Activities - Offsetting Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative liabilities
Derivative liabilities, gross amount	$ 6,175	$ 1,868
Derivative liabilities, offsetting financial instruments	(691)	(252)
Derivative liabilities, offsetting cash collateral	(889)	(292)
Total derivative liabilities	4,595	1,324
Derivative liabilities, securities collateral not netted	(87)	0
Net exposure	4,508	1,324
Repurchase agreements
Gross amounts	528	820
Repurchase agreements, securities sold, offset	0	0
Repurchase agreements, cash collateral pledged, offset	0	0
Net amounts as recognized	528	820
Repurchase agreements, securities collateral not netted	(528)	(820)
Net exposure	0	0
Derivative, collateral, obligation to return cash	1,100	377
Derivative, collateral, obligation to return securities	67	1
Derivative, collateral, right to reclaim cash	3,500	2,000
Securities sold under repurchase agreements, fair value of collateral	$ 538	$ 836

Derivative Instruments and Hedging Activities - Effects of Fair Value and Cash Flow Hedge Accounting (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Interest and dividend income, securities	$ 499	$ 317	$ 1,336	$ 1,078
Interest and fee income, loans	7,578	6,205	20,550	17,812
Interest and dividend income, other	123	16	193	48
Deposits	(689)	(228)	(1,200)	(734)
Securitized debt obligations	(120)	(29)	(214)	(89)
Senior and subordinated notes	(319)	(116)	(644)	(367)
Non-interest income (loss)	192	245	634	598
Amortization expense (benefit)	(23)	34	(57)	(10)
Loss (net after-tax) recorded in AOCI related to derivatives designated as cash flow hedges expected to be reclassified to earnings over the next 12 months			$ 690
Maximum length of time over which forecasted transactions were hedged, years			5 years 6 months
Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Realized losses (gains) on foreign exchange contracts reclassified from AOCI	79	83	$ 98	245
Cash flow hedges \| Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	10	0	30
Cash flow hedges \| Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	(86)	240	104	700
Cash flow hedges \| Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	2	0	1	1
Cash flow hedges \| Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	0	0	0
Cash flow hedges \| Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	0	0	0
Cash flow hedges \| Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	0	0	0	0
Cash flow hedges \| Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on cash flow hedges	(1)	0	(1)	1
Cash flow hedges \| Interest rate contracts \| Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	10	0	30
Cash flow hedges \| Interest rate contracts \| Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	(86)	240	104	700
Cash flow hedges \| Interest rate contracts \| Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges \| Interest rate contracts \| Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges \| Interest rate contracts \| Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges \| Interest rate contracts \| Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges \| Interest rate contracts \| Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges \| Foreign exchange contracts \| Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges \| Foreign exchange contracts \| Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges \| Foreign exchange contracts \| Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	2	0	1	1
Cash flow hedges \| Foreign exchange contracts \| Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges \| Foreign exchange contracts \| Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges \| Foreign exchange contracts \| Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	0	0	0	0
Cash flow hedges \| Foreign exchange contracts \| Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification adjustment from AOCI on derivatives, net of tax	(1)	0	(1)	1
Fair value hedges \| Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	3	(89)	(48)	(151)
Fair value hedges \| Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	0	0	0	0
Fair value hedges \| Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	0	0	0	0
Fair value hedges \| Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	4	30	47	100
Fair value hedges \| Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	(20)	27	12	79
Fair value hedges \| Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	(33)	80	94	262
Fair value hedges \| Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Net income (expense) recognized on fair value hedges	0	0	(1)	0
Fair value hedges \| Interest rate contracts \| Interest income - Investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	22	(25)	22	(75)
Gains (losses) recognized on derivatives	83	19	294	130
Gains (losses) recognized on hedged items	(102)	(83)	(364)	(206)
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Fair value hedges \| Interest rate contracts \| Interest income - Loans
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	0	0	0	0
Gains (losses) recognized on derivatives	0	0	0	0
Gains (losses) recognized on hedged items	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Fair value hedges \| Interest rate contracts \| Interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	0	0	0	0
Gains (losses) recognized on derivatives	0	0	0	0
Gains (losses) recognized on hedged items	0	0	0	0
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Fair value hedges \| Interest rate contracts \| Interest expense - Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	4	31	46	101
Gains (losses) recognized on derivatives	(381)	(28)	(569)	(117)
Gains (losses) recognized on hedged items	381	27	570	116
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Fair value hedges \| Interest rate contracts \| Interest expense - Securitized Debt Obligation
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	(21)	30	12	93
Gains (losses) recognized on derivatives	(311)	(57)	(735)	(154)
Gains (losses) recognized on hedged items	312	54	735	140
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	0	0	0	0
Fair value hedges \| Interest rate contracts \| Interest expense - Senior and Subordinated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	(71)	50	(20)	168
Gains (losses) recognized on derivatives	(807)	(72)	(2,039)	(408)
Gains (losses) recognized on hedged items	846	103	2,155	504
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	(1)	(1)	(2)	(2)
Fair value hedges \| Interest rate contracts \| Non interest income - Other
Derivative Instruments, Gain (Loss) [Line Items]
Interest recognized on derivatives	0	0	0	0
Gains (losses) recognized on derivatives	(85)	(34)	(197)	(79)
Gains (losses) recognized on hedged items	85	34	196	79
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net	$ 0	$ 0	$ 0	$ 0

Derivative Instruments and Hedging Activities - Gains Losses on Freestanding Derivatives (Details) - Other non-interest income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	$ 14	$ 33	$ 64	$ 51
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	38	21	79	56
Interest rate contracts \| Customer accommodation
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	11	7	31	25
Interest rate contracts \| Other interest rate exposures
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	0	18	14	2
Commodity contracts \| Customer accommodation
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	20	11	37	20
Foreign exchange contracts \| Customer accommodation
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	7	3	11	11
Other contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives not designated as accounting hedges	$ (24)	$ (6)	$ (29)	$ (7)

Stockholders' Equity - Preferred Stock Outstanding (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 4,845	$ 4,845
Series I Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	5.00%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of September 30, 2022	1,500,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 1,462	1,462
Series J Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.80%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of September 30, 2022	1,250,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 1,209	1,209
Series K Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.625%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of September 30, 2022	125,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 122	122
Series L Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.375%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of September 30, 2022	675,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 652	652
Series M Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	3.95%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of September 30, 2022	1,000,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 988	988
Preferred Stock, Dividend Payment Rate, Variable	5-Year Treasury Rate +3.157
Series N Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.25%
Liquidation Preference per Share	$ 1,000
Total Shares Outstanding as of September 30, 2022	425,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount	$ 412	$ 412

Stockholders' Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance			$ 374
Other comprehensive income (loss), net of tax	$ (3,788)	$ (432)	(11,078)	$ (2,134)
AOCI ending balance	(10,704)		(10,704)
Securities available for sale \| Available-for-sale securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(5,244)	1,089	297	2,186
Other comprehensive income (loss) before reclassifications	(2,937)	(206)	(8,483)	(1,300)
Amounts reclassified from AOCI into earnings	2	(2)	7	(5)
Other comprehensive income (loss), net of tax	(2,935)	(208)	(8,476)	(1,305)
AOCI ending balance	(8,179)	881	(8,179)	881
Hedging Relationships
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(1,574)	730	118	1,362
Other comprehensive income (loss) before reclassifications	(809)	57	(2,344)	(88)
Amounts reclassified from AOCI into earnings	5	(252)	(152)	(739)
Other comprehensive income (loss), net of tax	(804)	(195)	(2,496)	(827)
AOCI ending balance	(2,378)	535	(2,378)	535
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(78)	(3)	(21)	(31)
Other comprehensive income (loss) before reclassifications	(48)	(27)	(105)	1
Amounts reclassified from AOCI into earnings	0	0	0	0
Other comprehensive income (loss), net of tax	(48)	(27)	(105)	1
AOCI ending balance	(126)	(30)	(126)	(30)
Other
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(20)	(24)	(20)	(23)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from AOCI into earnings	(1)	(2)	(1)	(3)
Other comprehensive income (loss), net of tax	(1)	(2)	(1)	(3)
AOCI ending balance	(21)	(26)	(21)	(26)
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
AOCI beginning balance	(6,916)	1,792	374	3,494
Other comprehensive income (loss) before reclassifications	(3,794)	(176)	(10,932)	(1,387)
Amounts reclassified from AOCI into earnings	6	(256)	(146)	(747)
Other comprehensive income (loss), net of tax	(3,788)	(432)	(11,078)	(2,134)
AOCI ending balance	(10,704)	1,360	(10,704)	1,360
Net investment hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Other comprehensive gain (loss)	$ 255	$ 66	$ 477	$ 32

Stockholders' Equity - Reclassifications from AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income (loss)	$ 7,003	$ 6,156	$ 19,917	$ 17,721
Interest expense	1,197	382	2,162	1,217
Non-interest income (loss)	192	245	634	598
Income (loss) from continuing operations before income taxes	2,187	3,986	7,696	12,750
Income tax provision (benefit)	493	882	1,568	2,782
Net income	1,694	3,104	6,128	9,965
Accumulated other comprehensive income (loss)	(10,704)		(10,704)			$ 374
Other comprehensive income (loss), net of tax	(3,788)	(432)	(11,078)	(2,134)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	(6)	256	146	747
Securities available for sale \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-interest income (loss)	(3)	2	(9)	6
Income tax provision (benefit)	(1)	0	(2)	1
Net income	(2)	2	(7)	5
Hedging Relationships
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss)	(2,378)	535	(2,378)	535	$ (1,574)	118	$ 730	$ 1,362
Other comprehensive income (loss) before reclassifications	(809)	57	(2,344)	(88)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	5	(252)	(152)	(739)
Other comprehensive income (loss), net of tax	(804)	(195)	(2,496)	(827)
Hedging Relationships \| Interest rate contracts \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income (loss)	(86)	250	104	730
Hedging Relationships \| Foreign exchange contracts \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest income (loss)	2	0	1	1
Interest expense	(1)	0	(2)	(2)
Non-interest income (loss)	79	83	97	245
Income (loss) from continuing operations before income taxes	(6)	333	200	974
Income tax provision (benefit)	(1)	81	48	235
Net income	(5)	252	152	739
Foreign Currency Translation Adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss)	(126)	(30)	(126)	(30)	(78)	(21)	(3)	(31)
Other comprehensive income (loss) before reclassifications	(48)	(27)	(105)	1
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Other comprehensive income (loss), net of tax	(48)	(27)	(105)	1
Other
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss)	(21)	(26)	(21)	(26)	(20)	(20)	(24)	(23)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(1)	(2)	(1)	(3)
Other comprehensive income (loss), net of tax	(1)	(2)	(1)	(3)
Other \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) from continuing operations before income taxes	1	3	1	4
Income tax provision (benefit)	0	1	0	1
Net income	1	2	1	3
Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss)	(10,704)	1,360	(10,704)	1,360	$ (6,916)	$ 374	$ 1,792	$ 3,494
Other comprehensive income (loss) before reclassifications	(3,794)	(176)	(10,932)	(1,387)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	6	(256)	(146)	(747)
Other comprehensive income (loss), net of tax	$ (3,788)	$ (432)	$ (11,078)	$ (2,134)

Stockholders' Equity - Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Before Tax
Net unrealized gains (losses) on securities available for sale	$ (3,882)	$ (270)	$ (11,181)	$ (1,716)
Net unrealized gains (losses) on hedging relationships	(1,065)	(255)	(3,292)	(1,089)
Foreign currency translation adjustments	33	(6)	47	11
Other	(1)	(3)	(1)	(4)
Other comprehensive income (loss), before tax	(4,915)	(534)	(14,427)	(2,798)
Provision (Benefit)
Net unrealized gains (losses) on securities available for sale	(947)	(62)	(2,705)	(411)
Net unrealized gains (losses) on hedging relationships	(261)	(60)	(796)	(262)
Foreign currency translation adjustments	81	21	152	10
Other	0	(1)	0	(1)
Other comprehensive income (loss), provision (benefit)	(1,127)	(102)	(3,349)	(664)
After Tax
Net unrealized gains (losses) on securities available for sale	(2,935)	(208)	(8,476)	(1,305)
Net unrealized gains (losses) on hedging relationships	(804)	(195)	(2,496)	(827)
Foreign currency translation adjustments	(48)	(27)	(105)	1
Other	(1)	(2)	(1)	(3)
Other comprehensive loss, net of tax	$ (3,788)	$ (432)	$ (11,078)	$ (2,134)

Earnings Per Common Share - Additional Information (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Award
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options excluded from the computation of diluted earnings per share (in shares)	33	0	23	34
Stock option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options excluded from the computation of diluted earnings per share (in shares)		0

Earnings Per Common Share - Computation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Income from continuing operations, net of tax	$ 1,694	$ 3,104	$ 6,128	$ 9,968
Income (loss) from discontinued operations, net of tax	0	0	0	(3)
Net income	1,694	3,104	6,128	9,965
Dividends and undistributed earnings allocated to participating securities	(21)	(26)	(74)	(84)
Preferred stock dividends	(57)	(79)	(171)	(200)
Issuance cost for redeemed preferred stock	0	(12)	0	(12)
Net income available to common stockholders	$ 1,616	$ 2,987	$ 5,883	$ 9,669
Total weighted-average basic common shares outstanding	383.4	438.8	394.9	449.2
Effect of dilutive securities:
Stock options	0.2	0.6	0.4	0.7
Other contingently issuable shares	1.0	1.1	1.1	1.0
Total effect of dilutive securities	1.2	1.7	1.5	1.7
Total weighted Average Number of Shares Outstanding, Diluted, Total	384.6	440.5	396.4	450.9
Basic earnings per common share:
Net income from continuing operations	$ 4.21	$ 6.81	$ 14.90	$ 21.53
Income (loss) from discontinued operations	0.00	0.00	0.00	(0.01)
Net income (loss) per basic common share	4.21	6.81	14.90	21.52
Diluted earnings per common share:
Net income from continuing operations	4.20	6.78	14.84	21.45
Income (loss) from discontinued operations	0.00	0.00	0.00	(0.01)
Net income (loss) per diluted common share	$ 4.20	$ 6.78	$ 14.84	$ 21.44

Fair Value Measurement - Additional Information (Details) - Appraisal value - Level 3 - Non-Recoverable Rate	Sep. 30, 2022	Dec. 31, 2021
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, measurement input	0.00%	0.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, measurement input	100.00%	100.00%
Weighted average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, measurement input	20.00%	13.00%

Fair Value Measurement - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	$ 75,303	$ 95,261
Loans Held-for-sale, Fair Value Disclosure	1,700	1,000
Derivative assets, gross amount	4,807	2,690
Derivative asset, netting adjustments	(1,645)	(542)
Derivative asset	3,162	2,148
Liabilities:
Derivative liabilities, gross amount	6,175	1,868
Derivative liability, netting adjustments	(1,580)	(544)
Derivative liability	4,595	1,324
Net valuation allowance	6	11
Level 1
Assets:
Loans Held-for-sale, Fair Value Disclosure	0	0
Level 2
Assets:
Loans Held-for-sale, Fair Value Disclosure	5	5,091
Level 3
Assets:
Loans Held-for-sale, Fair Value Disclosure	0	0
Recurring
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	75,303	95,261
Loans Held-for-sale, Fair Value Disclosure	1,724	1,026
Derivative asset	3,162	2,148
Other assets	467	573
Total assets	80,656	99,008
Liabilities:
Derivative liability	4,595	1,324
Recurring \| Level 1
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	5,269	9,648
Loans Held-for-sale, Fair Value Disclosure	0	0
Derivative assets, gross amount	986	406
Other assets	429	526
Total assets	6,684	10,580
Other assets:
Deferred compensation plan assets	416	490
Liabilities:
Derivative liabilities, gross amount	1,551	838
Recurring \| Level 2
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	69,636	85,346
Loans Held-for-sale, Fair Value Disclosure	1,724	1,026
Derivative assets, gross amount	3,711	2,200
Other assets	2	6
Total assets	75,073	88,578
Liabilities:
Derivative liabilities, gross amount	4,509	965
Recurring \| Level 3
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	398	267
Loans Held-for-sale, Fair Value Disclosure	0	0
Derivative assets, gross amount	110	84	$ 191
Other assets	36	41
Total assets	544	392
Other assets:
Retained interests in securitizations	36	41
Liabilities:
Derivative liabilities, gross amount	115	65	$ 152
Recurring \| Fair Value Inputs Level 1 And Level 2 [Member]
Other assets:
Equity securities	15	42
Liabilities:
Debt and Equity Securities, Unrealized Gain (Loss)	(17)	(36)
U.S. Treasury securities
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	5,027	9,442
U.S. Treasury securities \| Recurring
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	5,027	9,442
U.S. Treasury securities \| Recurring \| Level 1
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	5,027	9,442
U.S. Treasury securities \| Recurring \| Level 2
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	0	0
U.S. Treasury securities \| Recurring \| Level 3
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	0	0
RMBS
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	61,982	73,616
RMBS \| Recurring
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	61,982	73,616
RMBS \| Recurring \| Level 1
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	0	0
RMBS \| Recurring \| Level 2
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	61,764	73,358
RMBS \| Recurring \| Level 3
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	218	258
CMBS \| Recurring
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	7,296	9,369
CMBS \| Recurring \| Level 1
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	0	0
CMBS \| Recurring \| Level 2
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	7,116	9,360
CMBS \| Recurring \| Level 3
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	180	9
Other securities
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	998	2,834
Other securities \| Recurring
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	998	2,834
Other securities \| Recurring \| Level 1
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	242	206
Other securities \| Recurring \| Level 2
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	756	2,628
Other securities \| Recurring \| Level 3
Assets:
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	$ 0	$ 0

Fair Value Measurement - Level 3 Recurring Fair Value Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Derivative, Fair Value, Net [Abstract]
Derivative assets, gross amount	$ 4,807		$ 4,807		$ 2,690
Derivative liabilities, gross amount	6,175		6,175		1,868
Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net Unrealized Gains (Losses) Included in OCI Related to Assets and Liabilities Still Held	(15)	$ 0	(53)	$ 3
Derivative, Fair Value, Net [Abstract]
Beginning balance	(12)	19	19	31
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	(22)	(31)	(63)	(41)
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	(11)	44	25	66
Settlements	0	6	2	(23)
Transfers Into Level 3	0	0	(28)	6
Transfers Out of Level 3	40	1	40	0
Ending balance	(5)	39	(5)	39
Derivative assets, gross amount	110	191	110	191	84
Derivative liabilities, gross amount	115	152	115	152	$ 65
RMBS \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	240	289	258	328
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	2	4	15	15
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	(9)	(1)	(29)	3
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(10)	(23)	(53)	(74)
Transfers Into Level 3	8	4	92	88
Transfers Out of Level 3	(13)	(20)	(65)	(107)
Ending balance	218	253	218	253
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	2	4	6	11
CMBS \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	13	9	9	111
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	(1)	0	(1)	0
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	(1)	1	(2)	(1)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(8)	(1)	(13)	(7)
Transfers Into Level 3	177	0	190	0
Transfers Out of Level 3	0	0	(3)	(94)
Ending balance	180	9	180	9
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	0	0	(1)	0
Available-for-sale securities \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	253	298	267	439
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	1	4	14	15
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	(10)	0	(31)	2
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(18)	(24)	(66)	(81)
Transfers Into Level 3	185	4	282	88
Transfers Out of Level 3	(13)	(20)	(68)	(201)
Ending balance	398	262	398	262
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	2	4	5	11
Retained interest in securitizations \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	37	46	41	55
Total Gains or (Losses) (Realized/Unrealized), Included in Net Income	(1)	(3)	(5)	(12)
Total Gains or (Losses) (Realized/Unrealized), Included in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Transfers Into Level 3	0	0	0	0
Transfers Out of Level 3	0	0	0	0
Ending balance	36	43	36	43
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	(1)	(3)	(5)	(12)
Net derivative assets (liabilities) \| Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net Unrealized Gains (Losses) Included in Net Income Related to Assets and Liabilities Still Held	$ (22)	$ (29)	$ (20)	$ (32)

Fair Value Measurement - Nonrecurring Fair Value Measurements (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Held-for-sale, Fair Value Disclosure	$ 1,700	$ 1,000
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	0	0
Loans Held-for-sale, Fair Value Disclosure	5	5,091
Other investments	1,623	1,344
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	296,142	270,508
Loans Held-for-sale, Fair Value Disclosure	0	0
Other investments	0	0
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	221	194
Loans Held-for-sale, Fair Value Disclosure	5	118
Other assets	99	325
Total assets	325	637
Nonrecurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	0	0
Loans Held-for-sale, Fair Value Disclosure	5	118
Other assets	0	0
Total assets	5	118
Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net loans held for investment	221	194
Loans Held-for-sale, Fair Value Disclosure	0	0
Other assets	99	325
Total assets	320	519
Equity investments subject to Impairment		50
Equity investments accounted for under measurement alternative	5	29
Foreclosed property and repossessed assets, fair value disclosure	56	40
Long lived assets held for sale	35	$ 206
Other investments	$ 3

Fair Value Measurement - Nonrecurring Fair Value Measurements Included in Earnings (Details) - Nonrecurring - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	$ 24	$ 12
Loans held for sale	0	0
Other assets	(33)	(65)
Total	$ (9)	$ (53)

Fair Value Measurement - Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Financial assets:
Loans Held-for-sale, Fair Value Disclosure	$ 1,700	$ 1,000
Level 1
Financial assets:
Cash and cash equivalents	3,716	4,164
Restricted cash for securitization investors	399	308
Net loans held for investment	0	0
Loans Held-for-sale, Fair Value Disclosure	0	0
Interest receivable	0	0
Other investments	0	0
Financial liabilities:
Deposits with defined maturities	0	0
Securitized debt obligations	0	0
Senior and subordinated notes	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Other borrowings	0
Interest payable	0	0
Level 2
Financial assets:
Cash and cash equivalents	21,176	17,582
Restricted cash for securitization investors	0	0
Net loans held for investment	0	0
Loans Held-for-sale, Fair Value Disclosure	5	5,091
Interest receivable	1,853	1,460
Other investments	1,623	1,344
Financial liabilities:
Deposits with defined maturities	34,380	18,062
Securitized debt obligations	15,878	15,122
Senior and subordinated notes	30,302	27,842
Federal funds purchased and securities loaned or sold under agreements to repurchase	528	820
Other borrowings	7,500
Interest payable	433	281
Level 3
Financial assets:
Cash and cash equivalents	0	0
Restricted cash for securitization investors	0	0
Net loans held for investment	296,142	270,508
Loans Held-for-sale, Fair Value Disclosure	0	0
Interest receivable	0	0
Other investments	0	0
Financial liabilities:
Deposits with defined maturities	0	0
Securitized debt obligations	0	0
Senior and subordinated notes	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Other borrowings	0
Interest payable	0	0
Carrying Value
Financial assets:
Cash and cash equivalents	24,892	21,746
Restricted cash for securitization investors	399	308
Net loans held for investment	291,734	265,910
Loans Held-for-sale, Fair Value Disclosure	5	4,862
Interest receivable	1,853	1,460
Other investments	1,623	1,344
Financial liabilities:
Deposits with defined maturities	34,758	17,923
Securitized debt obligations	15,926	14,994
Senior and subordinated notes	30,615	27,219
Federal funds purchased and securities loaned or sold under agreements to repurchase	528	820
Other borrowings	7,500
Interest payable	433	281
Estimated Fair Value
Financial assets:
Cash and cash equivalents	24,892	21,746
Restricted cash for securitization investors	399	308
Net loans held for investment	296,142	270,508
Loans Held-for-sale, Fair Value Disclosure	5	5,091
Interest receivable	1,853	1,460
Other investments	1,623	1,344
Financial liabilities:
Deposits with defined maturities	34,380	18,062
Securitized debt obligations	15,878	15,122
Senior and subordinated notes	30,302	27,842
Federal funds purchased and securities loaned or sold under agreements to repurchase	528	820
Other borrowings	7,500
Interest payable	$ 433	$ 281

Business Segments and Revenue from Contracts with Customers - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022 segment
Segment Reporting Information [Line Items]
Number of operating segments	3

Business Segments and Revenue from Contracts with Customers - Segment Results and Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net interest income (loss)	$ 7,003	$ 6,156	$ 19,917	$ 17,721
Non-interest income (loss)	1,802	1,674	5,293	4,596
Total net revenue (loss)	8,805	7,830	25,210	22,317
Provision (benefit) for credit losses	1,669	(342)	3,431	(2,325)
Non-interest expense	4,949	4,186	14,083	11,892
Income (loss) from continuing operations before income taxes	2,187	3,986	7,696	12,750
Income tax provision (benefit)	493	882	1,568	2,782
Income (loss) from continuing operations, net of tax	1,694	3,104	6,128	9,968
Total loans held for investment	303,943	261,390	303,943	261,390	$ 277,340
Total Deposits	317,193	305,938	317,193	305,938	$ 310,980
Uncollectible portion of billed finance charges and fees	222	123	625	478
Operating segments \| Credit Card
Segment Reporting Information [Line Items]
Net interest income (loss)	4,313	3,620	12,051	10,209
Non-interest income (loss)	1,454	1,263	4,322	3,545
Total net revenue (loss)	5,767	4,883	16,373	13,754
Provision (benefit) for credit losses	1,261	(198)	2,387	(1,325)
Non-interest expense	3,004	2,424	8,558	6,822
Income (loss) from continuing operations before income taxes	1,502	2,657	5,428	8,257
Income tax provision (benefit)	356	627	1,291	1,952
Income (loss) from continuing operations, net of tax	1,146	2,030	4,137	6,305
Total loans held for investment	126,913	105,030	126,913	105,030
Total Deposits	0	0	0	0
Operating segments \| Consumer Banking
Segment Reporting Information [Line Items]
Net interest income (loss)	2,311	2,159	6,571	6,290
Non-interest income (loss)	129	127	330	412
Total net revenue (loss)	2,440	2,286	6,901	6,702
Provision (benefit) for credit losses	285	(91)	696	(523)
Non-interest expense	1,340	1,186	3,862	3,426
Income (loss) from continuing operations before income taxes	815	1,191	2,343	3,799
Income tax provision (benefit)	193	282	555	897
Income (loss) from continuing operations, net of tax	622	909	1,788	2,902
Total loans held for investment	81,199	77,112	81,199	77,112
Total Deposits	256,661	252,387	256,661	252,387
Operating segments \| Commercial Banking
Segment Reporting Information [Line Items]
Net interest income (loss)	699	578	1,941	1,558
Non-interest income (loss)	319	306	868	803
Total net revenue (loss)	1,018	884	2,809	2,361
Provision (benefit) for credit losses	123	(53)	353	(475)
Non-interest expense	542	459	1,515	1,295
Income (loss) from continuing operations before income taxes	353	478	941	1,541
Income tax provision (benefit)	83	113	223	364
Income (loss) from continuing operations, net of tax	270	365	718	1,177
Total loans held for investment	95,831	79,248	95,831	79,248
Total Deposits	41,058	43,347	41,058	43,347
Other
Segment Reporting Information [Line Items]
Net interest income (loss)	(320)	(201)	(646)	(336)
Non-interest income (loss)	(100)	(22)	(227)	(164)
Total net revenue (loss)	(420)	(223)	(873)	(500)
Provision (benefit) for credit losses	0	0	(5)	(2)
Non-interest expense	63	117	148	349
Income (loss) from continuing operations before income taxes	(483)	(340)	(1,016)	(847)
Income tax provision (benefit)	(139)	(140)	(501)	(431)
Income (loss) from continuing operations, net of tax	(344)	(200)	(515)	(416)
Total loans held for investment	0	0	0	0
Total Deposits	$ 19,474	$ 10,204	$ 19,474	$ 10,204

Business Segments and Revenue from Contracts with Customers - Revenue from Contracts with Customers (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Total contract revenue	$ 1,415	$ 1,251	$ 4,055	$ 3,493
Revenue (reduction) from other sources	387	423	1,238	1,103
Non-interest income (loss)	1,802	1,674	5,293	4,596
Operating segments \| Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	1,189	1,028	3,412	2,860
Revenue (reduction) from other sources	265	235	910	685
Non-interest income (loss)	1,454	1,263	4,322	3,545
Operating segments \| Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	124	127	360	378
Revenue (reduction) from other sources	5	0	(30)	34
Non-interest income (loss)	129	127	330	412
Operating segments \| Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	102	96	283	255
Revenue (reduction) from other sources	217	210	585	548
Non-interest income (loss)	319	306	868	803
Other
Disaggregation of Revenue [Line Items]
Total contract revenue	0	0	0	0
Revenue (reduction) from other sources	(100)	(22)	(227)	(164)
Non-interest income (loss)	(100)	(22)	(227)	(164)
Interchange fees, net
Disaggregation of Revenue [Line Items]
Total contract revenue	1,195	1,022	3,429	2,855
Interchange fees, net \| Operating segments \| Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	1,085	930	3,115	2,598
Interchange fees, net \| Operating segments \| Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	83	68	234	192
Interchange fees, net \| Operating segments \| Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	27	24	79	65
Interchange fees, net \| Other
Disaggregation of Revenue [Line Items]
Total contract revenue	0	0	1	0
Service charges and other customer-related fees
Disaggregation of Revenue [Line Items]
Total contract revenue	85	113	259	318
Service charges and other customer-related fees \| Operating segments \| Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	0	0	0	0
Service charges and other customer-related fees \| Operating segments \| Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	23	42	70	131
Service charges and other customer-related fees \| Operating segments \| Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	62	71	190	187
Service charges and other customer-related fees \| Other
Disaggregation of Revenue [Line Items]
Total contract revenue	0	0	(1)	0
Other
Disaggregation of Revenue [Line Items]
Total contract revenue	135	116	367	320
Other \| Operating segments \| Credit Card
Disaggregation of Revenue [Line Items]
Total contract revenue	104	98	297	262
Other \| Operating segments \| Consumer Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	18	17	56	55
Other \| Operating segments \| Commercial Banking
Disaggregation of Revenue [Line Items]
Total contract revenue	13	1	14	3
Other \| Other
Disaggregation of Revenue [Line Items]
Total contract revenue	$ 0	$ 0	$ 0	$ 0

Commitments, Contingencies, Guarantees, and Others - Unfunded Lending Commitments: Contractual Amount and Carrying Value (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Unfunded lending commitments, contractual amount	$ 412,260	$ 414,499
Off-balance sheet lending commitment, carrying value	230	149
Credit Card
Loss Contingencies [Line Items]
Unused commitments to extend credit, contractual amount	361,763	368,508
Other excluding credit card
Loss Contingencies [Line Items]
Unused commitments to extend credit, contractual amount	49,053	44,572
Off-balance sheet lending commitment, carrying value	198	125
Advised line of credit	4,200	3,900
Letter of credit
Loss Contingencies [Line Items]
Standby letters of credit and commercial letters of credit, contractual amount	1,444	1,419
Off-balance sheet lending commitment, carrying value	$ 32	$ 24

Commitments, Contingencies, Guarantees, and Others - Loss Sharing and UK PPI (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Loss sharing agreements
Loss Contingencies [Line Items]
Guarantee obligation	$ 85	$ 90

Commitments, Contingencies, Guarantees, and Others - Litigation (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) claim
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 200
Interchange litigation \| Pending litigation
Loss Contingencies [Line Items]
Litigation settlement, attributable to reporting entity and third party	$ 5,500
Cybersecurity Incident
Loss Contingencies [Line Items]
Number of consumer class action cases filed for Cybersecurity Incident \| claim	75
Penalty Paid to the US Treasury	$ 80

Fair Value Measurement - Quantitative Information about Level 3 Fair Value Measurements (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	$ 75,303	$ 95,261
Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	75,303	95,261
Recurring \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	398	267
Retained interests in securitizations	36	41
Net derivative assets (liabilities)	(5)	19	$ (12)	$ 39	$ 19	$ 31
RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	61,982	73,616
RMBS \| Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	61,982	73,616
RMBS \| Recurring \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	218	258
CMBS \| Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	7,296	9,369
CMBS \| Recurring \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available for sale (amortized cost of $86.1 billion and $94.9 billion and allowance for credit losses of $4 million and $1 million as of September 30, 2022 and December 31, 2021, respectively)	$ 180	$ 9
Yield \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.02	0
Yield \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.12	0.21
Yield \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.06	0.03
Yield \| CMBS \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.04	0.01
Yield \| CMBS \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.05	0.02
Yield \| CMBS \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.05	0.01
Voluntary prepayment rate \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.09	0.09
Voluntary prepayment rate \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.18	0.18
Voluntary prepayment rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.06	0.05
Voluntary prepayment rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.25	0.40
Voluntary prepayment rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.10	0.11
Default rate \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.01	0.03
Default rate \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.02	0.04
Default rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0	0.01
Default rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.11	0.11
Default rate \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.02	0.02
Loss severity \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.78	0.72
Loss severity \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	2.91	1.51
Loss severity \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.30	0.30
Loss severity \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.80	1
Loss severity \| RMBS \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities available-for-sale, measurement input	0.61	0.65
Life of receivables (months) \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input, life of receivables	31 months	29 months
Life of receivables (months) \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input, life of receivables	39 months	36 months
Discount rate \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.04	0.02
Discount rate \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Retained interests, measurement input	0.08	0.08
Swap rates \| Recurring \| Level 3 \| Discounted cash flows \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative assets (liabilities), measurement input	0.03	0.01
Swap rates \| Recurring \| Level 3 \| Discounted cash flows \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative assets (liabilities), measurement input	0.04	0.02
Swap rates \| Recurring \| Level 3 \| Discounted cash flows \| Weighted average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative assets (liabilities), measurement input	0.04	0.02

Loans - Loan Portfolio Composition and Aging Analysis (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Current	$ 295,506	$ 270,655
Total	$ 303,943	$ 277,340
Current, percentage of total loans	97.22%	97.59%
Percentage of total loans	100.00%	100.00%
Unamortized premiums and discounts, deferred fees and costs	$ 1,400	$ 1,400
Credit Card
Financing Receivable, Past Due [Line Items]
Current	123,085	112,148
Total	126,913	114,772
Consumer Banking
Financing Receivable, Past Due [Line Items]
Current	76,909	74,028
Total	81,199	77,646
Consumer Banking \| Auto
Financing Receivable, Past Due [Line Items]
Current	75,329	72,221
Total	79,580	75,779
Consumer Banking \| Retail banking
Financing Receivable, Past Due [Line Items]
Current	1,580	1,807
Total	1,619	1,867
Commercial Banking
Financing Receivable, Past Due [Line Items]
Current	95,512	84,479
Total	95,831	84,922
Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
Current	38,056	35,100
Total	38,225	35,262
Commercial Banking \| Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Current	57,456	49,379
Total	$ 57,606	$ 49,660
30-59 days
Financing Receivable, Past Due [Line Items]
Past due, percentage of total loans	1.39%	1.26%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 4,230	$ 3,501
30-59 days \| Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1,258	850
30-59 days \| Consumer Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	2,769	2,420
30-59 days \| Consumer Banking \| Auto
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	2,754	2,385
30-59 days \| Consumer Banking \| Retail banking
Financing Receivable, Past Due [Line Items]
Total	15	35
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	15	35
30-59 days \| Commercial Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	203	231
30-59 days \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	134	92
30-59 days \| Commercial Banking \| Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 69	$ 139
60-89 days
Financing Receivable, Past Due [Line Items]
Past due, percentage of total loans	0.69%	0.60%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 2,091	$ 1,656
60-89 days \| Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	870	578
60-89 days \| Consumer Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1,207	940
60-89 days \| Consumer Banking \| Auto
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1,202	933
60-89 days \| Consumer Banking \| Retail banking
Financing Receivable, Past Due [Line Items]
Total	5	7
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	5	7
60-89 days \| Commercial Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	14	138
60-89 days \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1	35
60-89 days \| Commercial Banking \| Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 13	$ 103
Greater than 90 days
Financing Receivable, Past Due [Line Items]
Past due, percentage of total loans	0.70%	0.55%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 2,116	$ 1,528
Greater than 90 days \| Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1,700	1,196
Greater than 90 days \| Consumer Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	314	258
Greater than 90 days \| Consumer Banking \| Auto
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	295	240
Greater than 90 days \| Consumer Banking \| Retail banking
Financing Receivable, Past Due [Line Items]
Total	19	18
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	19	18
Greater than 90 days \| Commercial Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	102	74
Greater than 90 days \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	34	35
Greater than 90 days \| Commercial Banking \| Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 68	$ 39
Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Past due total, percentage of total loans	2.78%	2.41%
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 8,437	$ 6,685
Financial Asset, Past Due \| Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	3,828	2,624
Financial Asset, Past Due \| Consumer Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	4,290	3,618
Financial Asset, Past Due \| Consumer Banking \| Auto
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	4,251	3,558
Financial Asset, Past Due \| Consumer Banking \| Retail banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	39	60
Financial Asset, Past Due \| Commercial Banking
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	319	443
Financial Asset, Past Due \| Commercial Banking \| Commercial and multifamily real estate
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	169	162
Financial Asset, Past Due \| Commercial Banking \| Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	150	281
Domestic credit card: \| Credit Card
Financing Receivable, Past Due [Line Items]
Current	117,676	106,312
Total	121,279	108,723
Domestic credit card: \| 30-59 days \| Credit Card
Financing Receivable, Past Due [Line Items]
Total	1,179	773
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1,179	773
Domestic credit card: \| 60-89 days \| Credit Card
Financing Receivable, Past Due [Line Items]
Total	817	528
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	817	528
Domestic credit card: \| Greater than 90 days \| Credit Card
Financing Receivable, Past Due [Line Items]
Total	1,607	1,110
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	1,607	1,110
Domestic credit card: \| Financial Asset, Past Due \| Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	3,603	2,411
International card businesses: \| Credit Card
Financing Receivable, Past Due [Line Items]
Current	5,409	5,836
Total	5,634	6,049
International card businesses: \| 30-59 days \| Credit Card
Financing Receivable, Past Due [Line Items]
Total	79	77
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	79	77
International card businesses: \| 60-89 days \| Credit Card
Financing Receivable, Past Due [Line Items]
Total	53	50
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	53	50
International card businesses: \| Greater than 90 days \| Credit Card
Financing Receivable, Past Due [Line Items]
Total	93	86
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	93	86
International card businesses: \| Financial Asset, Past Due \| Credit Card
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Noncurrent	$ 225	$ 213