v3.20.4
Income Taxes (Income Tax Rate Reconciliation) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Taxes [Abstract]      
Income Tax Reconciliation, Income Tax Expense (Benefit), at Federal Statutory Income Tax Rate $ 276 $ 417 $ 410
Income tax expense [1],[2] $ 220 $ 403 $ 387
Effective Income Tax Rate, Continuing Operations 16.80% 20.30% 19.80%
Increase (decrease) in taxes resulting from: [Abstract]      
State income tax, net of federal tax effect $ 39 $ 75 $ 65
Tax-exempt interest (34) (39) (37)
Affordable housing investment amortization, net of tax benefits (excluding Tax Reform) (31) (34) (37)
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount 0 0 (37)
Non-deductible expenses 22 19 28
Bank-owned life insurance (22) (19) (16)
Unrecognized Tax Benefits that Would Impact Effective Tax Rate (20) 20 0
Lease financing 5 5 11
Other, net $ (15) $ (41) $ 0
[1] Income tax expense includes amortization of affordable housing investments of $133 million, $131 million, and $137 million for 2020, 2019 and 2018, respectively.
[2] The table above does not include total income tax expense from discontinued operations of zero, zero, and $80 million in 2020, 2019 and 2018, respectively. The deferred income tax expense reflected in discontinued operations was zero, zero and $43 million in 2020, 2019 and 2018, respectively