v3.22.4
Fair Value Measurements (Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments) (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Financial Assets    
Debt securities held to maturity $ 751 $ 950
Debt securities available for sale 27,933 28,481
Other earning assets 1,308 1,187
Derivative Assets [1] 105 412
Financial Liabilities    
Derivative Liabilities [1] 1,453 80
Fair value Discount On Loan Portfolio Amount $ 4,500 $ 220
Fair value Discount On Loan Portfolio Rate 4.80% 0.30%
Capital Leases Carrying Amount Excluded $ 1,500 $ 1,400
Operating Leases Carrying Amount Excluded   83
Estimate of Fair Value [Member]    
Financial Assets    
Cash and cash equivalents 11,227 [2] 29,411 [3]
Debt securities held to maturity 751 [2] 950 [3]
Debt securities available for sale 27,933 [2] 28,481 [3]
Loans held for sale 354 [2] 1,003 [3]
Loans (excluding leases), net of unearned income and allowance for loan losses 89,540 [2],[4],[5] 85,086 [3],[6],[7]
Other earning assets 1,308 [2] 1,104 [3],[8]
Derivative Assets 2,609 [2] 1,111 [3]
Financial Liabilities    
Derivative Liabilities 3,378 [2] 1,012 [3]
Deposits 131,668 [2],[9] 139,101 [3]
Long-term Borrowings 2,376 [2] 2,847 [3]
Loan commitments and letters of credit 153 [2] 123 [3]
Carrying Amount [Member]    
Financial Assets    
Cash and cash equivalents 11,227 29,411
Debt securities held to maturity 801 899
Debt securities available for sale 27,933 28,481
Loans held for sale 354 1,003
Loans (excluding leases), net of unearned income and allowance for loan losses 94,044 [4],[5] 84,866 [6],[7]
Other earning assets 1,308 1,104 [8]
Derivative Assets 2,609 1,111
Financial Liabilities    
Derivative Liabilities 3,378 1,012
Deposits 131,743 [9] 139,072
Long-term Borrowings 2,284 2,407
Loan commitments and letters of credit 153 123
Level 1 [Member]    
Financial Assets    
Cash and cash equivalents 11,227 29,411
Debt securities held to maturity 0 0
Debt securities available for sale 1,187 1,132
Loans held for sale 0 0
Loans (excluding leases), net of unearned income and allowance for loan losses 0 [4],[5] 0 [6]
Other earning assets 529 464 [8]
Derivative Assets 3 0
Financial Liabilities    
Derivative Liabilities 2 0
Deposits 0 [9] 0
Long-term Borrowings 0 0
Loan commitments and letters of credit 0 0
Level 2 [Member]    
Financial Assets    
Cash and cash equivalents 0 0
Debt securities held to maturity 751 950
Debt securities available for sale 26,744 27,347
Loans held for sale 335 899
Loans (excluding leases), net of unearned income and allowance for loan losses 0 [4],[5] 0 [6]
Other earning assets 779 640 [8]
Derivative Assets 2,603 1,098
Financial Liabilities    
Derivative Liabilities 3,375 1,009
Deposits 131,668 [9] 139,101
Long-term Borrowings 2,375 2,845
Loan commitments and letters of credit 0 0
Level 3 [Member]    
Financial Assets    
Cash and cash equivalents 0 0
Debt securities held to maturity 0 0
Debt securities available for sale 2 2
Loans held for sale 19 104
Loans (excluding leases), net of unearned income and allowance for loan losses 89,540 [4],[5] 85,086 [6]
Other earning assets 0 0 [8]
Derivative Assets 3 13
Financial Liabilities    
Derivative Liabilities 1 3
Deposits 0 [9] 0
Long-term Borrowings 1 2
Loan commitments and letters of credit $ 153 $ 123
[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] 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.
[3] 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.
[4] Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.5 billion at December 31, 2022.
[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 discount on the loan portfolio's net carrying amount at December 31, 2022 was $4.5 billion or 4.8 percent.
[6] Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.4 billion at December 31, 2021.
[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 premium on the loan portfolio's net carrying amount at December 31, 2021 was $220 million or 0.3 percent.
[8] Excluded from this table is the operating lease carrying amount of $83 million at December 31, 2021.
[9] The fair value of non-interest-bearing demand accounts, interest-bearing checking accounts, savings accounts, money market accounts and certain other time deposit accounts is the amount payable on demand at the reporting date (i.e., the carrying amount). Fair values for certificates of deposit are estimated by using discounted cash flow analyses, based on market spreads to benchmark rates.