v3.20.4
Fair Value Measurements (Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments) (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Financial Assets    
Debt securities held to maturity $ 1,215,000,000 $ 1,372,000,000
Debt securities available for sale 27,154,000,000 22,606,000,000
Other earning assets 1,217,000,000 1,518,000,000
Derivative Assets [1],[2] 921,000,000 335,000,000
Financial Liabilities    
Derivative Liabilities [1],[2] 53,000,000 47,000,000
Fair value Discount On Loan Portfolio Amount $ 1,200,000,000 $ 42,000,000
Fair value Discount On Loan Portfolio Rate 1.40% 0.10%
Capital Leases Carrying Amount Excluded $ 1,500,000,000 $ 1,300,000,000
Operating Leases Carrying Amount Excluded 200,000,000 297,000,000
Recurring Fair Value Measurements [Member]    
Financial Assets    
Debt securities available for sale 27,154,000,000 22,606,000,000
Loans held for sale 1,446,000,000 439,000,000
Derivative Assets [3] 3,349,000,000 1,357,000,000
Other Assets, Fair Value Disclosure 74,000,000 0
Financial Liabilities    
Derivative Liabilities [3] 1,598,000,000 817,000,000
Carrying Amount [Member]    
Financial Assets    
Cash and cash equivalents 17,956,000,000 4,114,000,000
Debt securities held to maturity 1,122,000,000 1,332,000,000
Debt securities available for sale 27,154,000,000 22,606,000,000
Loans held for sale 1,905,000,000 637,000,000
Loans (excluding leases), net of unearned income and allowance for loan losses 81,597,000,000 [4],[5] 80,841,000,000 [6],[7]
Other earning assets 1,017,000,000 [8] 1,221,000,000 [9]
Derivative Assets 3,349,000,000 1,357,000,000
Other Assets, Fair Value Disclosure 74,000,000  
Financial Liabilities    
Derivative Liabilities 1,598,000,000 817,000,000
Deposits 122,479,000,000 97,475,000,000
Short-term Borrowings   2,050,000,000
Long-term Borrowings 3,569,000,000 7,879,000,000
Loan commitments and letters of credit 151,000,000 67,000,000
Estimate of Fair Value [Member]    
Financial Assets    
Cash and cash equivalents 17,956,000,000 [10] 4,114,000,000 [11]
Debt securities held to maturity 1,215,000,000 [10] 1,372,000,000 [11]
Debt securities available for sale 27,154,000,000 [10] 22,606,000,000 [11]
Loans held for sale 1,905,000,000 [10] 637,000,000 [11]
Loans (excluding leases), net of unearned income and allowance for loan losses 82,773,000,000 [4],[10] 80,799,000,000 [6],[11]
Other earning assets 1,017,000,000 [8],[10] 1,221,000,000 [9],[11]
Derivative Assets 3,349,000,000 [10] 1,357,000,000 [11]
Financial Liabilities    
Derivative Liabilities 1,598,000,000 [10] 817,000,000 [11]
Deposits 122,511,000,000 [10] 97,516,000,000 [11]
Short-term Borrowings [11]   2,050,000,000
Long-term Borrowings 4,063,000,000 [10] 8,275,000,000 [11]
Loan commitments and letters of credit 151,000,000 [10] 67,000,000 [11]
Level 1 [Member]    
Financial Assets    
Cash and cash equivalents 17,956,000,000 4,114,000,000
Debt securities held to maturity 0 0
Debt securities available for sale 183,000,000 182,000,000
Loans held for sale 0 0
Loans (excluding leases), net of unearned income and allowance for loan losses 0 [4] 0 [6]
Other earning assets 388,000,000 [8] 450,000,000 [9]
Derivative Assets 2,000,000 0
Financial Liabilities    
Derivative Liabilities 2,000,000 0
Deposits 0 0
Short-term Borrowings   0
Long-term Borrowings 0 0
Loan commitments and letters of credit 0 0
Level 1 [Member] | Recurring Fair Value Measurements [Member]    
Financial Assets    
Debt securities available for sale 183,000,000 182,000,000
Loans held for sale 0 0
Derivative Assets [3] 2,000,000 0
Other Assets, Fair Value Disclosure 0 0
Financial Liabilities    
Derivative Liabilities [3] 2,000,000 0
Level 2 [Member]    
Financial Assets    
Cash and cash equivalents 0 0
Debt securities held to maturity 1,215,000,000 1,372,000,000
Debt securities available for sale 26,966,000,000 22,422,000,000
Loans held for sale 1,901,000,000 620,000,000
Loans (excluding leases), net of unearned income and allowance for loan losses 0 [4] 0 [6]
Other earning assets 629,000,000 [8] 771,000,000 [9]
Derivative Assets 3,303,000,000 1,342,000,000
Financial Liabilities    
Derivative Liabilities 1,590,000,000 812,000,000
Deposits 122,511,000,000 97,516,000,000
Short-term Borrowings   2,050,000,000
Long-term Borrowings 3,592,000,000 7,442,000,000
Loan commitments and letters of credit 0 0
Level 2 [Member] | Recurring Fair Value Measurements [Member]    
Financial Assets    
Debt securities available for sale 26,966,000,000 22,422,000,000
Loans held for sale 1,446,000,000 436,000,000
Derivative Assets [3] 3,303,000,000 1,342,000,000
Other Assets, Fair Value Disclosure 74,000,000 0
Financial Liabilities    
Derivative Liabilities [3] 1,590,000,000 812,000,000
Level 3 [Member]    
Financial Assets    
Cash and cash equivalents 0 0
Debt securities held to maturity 0 0
Debt securities available for sale 5,000,000 2,000,000
Loans held for sale 4,000,000 17,000,000
Loans (excluding leases), net of unearned income and allowance for loan losses 82,773,000,000 [4] 80,799,000,000 [6]
Other earning assets 0 [8] 0 [9]
Derivative Assets 44,000,000 15,000,000
Financial Liabilities    
Derivative Liabilities 6,000,000 5,000,000
Deposits 0 0
Short-term Borrowings   0
Long-term Borrowings 471,000,000 833,000,000
Loan commitments and letters of credit 151,000,000 67,000,000
Level 3 [Member] | Recurring Fair Value Measurements [Member]    
Financial Assets    
Debt securities available for sale 5,000,000 [12] 2,000,000
Loans held for sale 0 3,000,000
Derivative Assets [3] 44,000,000 [12] 15,000,000
Other Assets, Fair Value Disclosure 0 0
Financial Liabilities    
Derivative Liabilities [3] $ 6,000,000 [12] $ 5,000,000
[1] Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities on the consolidated balance sheets.
[2] The gain amounts, which are not collateralized with cash or other assets or reserved for, represent the net credit risk on all trading and other derivative positions. As of December 31, 2020 and December 31, 2019, financial instruments posted of $24 million, for both periods, were not offset in the consolidated balance sheets.
[3] As permitted under U.S. GAAP, variation margin collateral payments made or received for derivatives that are centrally cleared are legally characterized as settled. As such, these derivative assets and derivative liabilities and the related variation margin collateral are presented on a net basis on the balance sheet.
[4] Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.5 billion at December 31, 2020.
[5] The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. The fair value premium on the loan portfolio's net carrying amount at December 31, 2020 was $1.2 billion or 1.4 percent.
[6] Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.3 billion at December 31, 2019.
[7] The estimated fair value of portfolio loans assumes sale of the loans to a third-party financial investor. Accordingly, the value to the Company if the loans were held to maturity is not reflected in the fair value estimate. The fair value discount on the loan portfolio's net carrying amount at December 31, 2019 was $42 million or 0.1 percent.
[8] Excluded from this table is the operating lease carrying amount of $200 million at December 31, 2020.
[9] Excluded from this table is the operating lease carrying amount of $297 million at December 31, 2019.
[10] Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred.
[11] Estimated fair values are consistent with an exit price concept. The assumptions used to estimate the fair values are intended to approximate those that a market participant would use in a hypothetical orderly transaction. In estimating fair value, the Company makes adjustments for estimated changes in interest rates, market liquidity and credit spreads in the periods they are deemed to have occurred.
[12] All following disclosures related to Level 3 recurring and non-recurring assets do not include those deemed to be immaterial.