v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
The following table presents assets and liabilities measured at estimated fair value on a recurring basis as of December 31:
 20252024
 Level 1Level 2
Level 3 (1)
Total
Estimated Fair Value		Level 1Level 2
Level 3 (1)
Total
Estimated Fair Value
 (In millions)
Recurring fair value measurements
Debt securities available for sale:
U.S. Treasury securities$2,276 $— $— $2,276 $2,003 $— $— $2,003 
Federal agency securities— 543 — 543 — 444 — 444 
Obligations of states and political subdivisions— 2 — 2 — 2 — 2 
Mortgage-backed securities:
Residential agency— 18,387 — 18,387 — 18,945 — 18,945 
Commercial agency— 5,829 — 5,829 — 4,090 — 4,090 
Commercial non-agency— 82 — 82 — 82 — 82 
Corporate and other debt securities— 439 2 441 — 655 3 658 
Total debt securities available for sale$2,276 $25,282 $2 $27,560 $2,003 $24,218 $3 $26,224 
Loans held for sale$— $290 $— $290 $— $234 $— $234 
Marketable equity securities in other earning assets$946 $— $— $946 $819 $— $— $819 
Residential mortgage servicing rights$— $— $970 $970 $— $— $1,007 $1,007 
Commercial mortgage servicing rights through non-DUS agency programs
$— $— $93 $93 $— $— $97 $97 
Derivative assets (2):
Interest rate swaps$— $1,126 $— $1,126 $— $1,634 $— $1,634 
Interest rate options— 10 6 16 — 30 5 35 
Interest rate futures and forward commitments— 8 — 8 — 8 — 8 
Other contracts1 184 — 185 13 126 — 139 
Total derivative assets$1 $1,328 $6 $1,335 $13 $1,798 $5 $1,816 
Derivative liabilities (2):
Interest rate swaps$— $1,265 $— $1,265 $— $2,411 $— $2,411 
Interest rate options— 7 — 7 — 30 — 30 
Interest rate futures and forward commitments— 1 — 1 — 4 — 4 
Other contracts— 172 — 172 3 103 — 106 
Total derivative liabilities$— $1,445 $— $1,445 $3 $2,548 $— $2,551 
Securities sold, but not yet purchased
$19 $— $— $19 $147 $— $— $147 
_________
(1)All following disclosures related to Level 3 recurring assets do not include those deemed to be immaterial.
(2)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.
Summary Of Quantitative Information About Level 3 Measurements
The following tables present detailed information regarding material assets and liabilities measured at fair value using significant unobservable inputs (Level 3) as of December 31, 2025 and 2024. The tables include the valuation techniques and the significant unobservable inputs utilized. The range of each significant unobservable input as well as the weighted-average within the range utilized at December 31, 2025 and 2024 are included. Following the tables are descriptions of the valuation techniques and the sensitivity of the techniques to changes in the significant unobservable inputs.
 December 31, 2025
 Level 3
Estimated Fair Value		Valuation
Technique		Unobservable
Input(s)		Quantitative Range of
Unobservable Inputs and
(Weighted-Average)
 (Dollars in millions)
Recurring fair value measurements:
Residential MSR (1)
$970Discounted cash flowWeighted-average CPR (%)
4.2% - 16.9% (7.5%)
OAS (%)
4.7% - 8.0% (5.0%)
Commercial MSR through non-DUS agency programs (1)
$93Discounted cash flowWeighted-average CPR (%)
6.5% - 7.6% (7.5%)
Discount rate (%)
8.0% - 10.0% (8.2%)

 December 31, 2024
 Level 3
Estimated Fair Value		Valuation
Technique		Unobservable
Input(s)		Quantitative Range of
Unobservable Inputs and
(Weighted-Average)
 (Dollars in millions)
Recurring fair value measurements:
Residential MSR (1)
$1,007Discounted cash flowWeighted-average CPR (%)
4.6% - 23.1% (8.0%)
OAS (%)
4.8% -7.7% (5.1%)
Commercial MSR through non-DUS agency programs (1)
$97Discounted cash flowWeighted-average CPR (%)
5.4% - 10.6% (7.7%)
Discount rate (%)
7.0% -8.0% (7.1%)
_______
(1)See Note 6 for additional disclosures related to assumptions used in the fair value calculations for residential and commercial mortgage servicing rights.
Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments The following tables present the carrying amounts and estimated fair values, as well as the level within the fair value hierarchy, of the Company’s financial instruments not recorded at fair value as of December 31, 2025 and 2024.
 December 31, 2025December 31, 2024
 Carrying
Amount
Estimated
Fair
Value(1)
Level 1Level 2Level 3Carrying
Amount
Estimated
Fair
Value(1)
Level 1Level 2Level 3
 (In millions)
Financial assets:
Cash and cash equivalents$10,907 $10,907 $10,907 $— $— $10,712 $10,712 $10,712 $— $— 
Debt securities held to maturity5,606 5,584 — 5,584 — 4,427 4,226 — 4,226 — 
Loans held for sale221 221 — 221 — 360 360 — 360 — 
Loans (excluding leases), net of unearned income and allowance for loan losses(2)(3)
92,595 90,667 — — 90,667 93,424 89,907 — — 89,907 
Other earning assets757 757 757 — 797 797 — 797 — 
Financial liabilities:
Deposits with no stated maturity(4)
117,240 117,240 — 117,240 — 111,883 111,883 — 111,883 — 
Time deposits(4)
13,888 13,874 — 13,874 — 15,720 15,694 — 15,694 — 
Short-term borrowings750 750 — 750 — 500 500 — 500 — 
Long-term borrowings4,134 4,309 — 4,308 1 5,993 6,059 — 6,058 1 
Loan commitments and letters of credit164 164 — — 164 149 149 — — 149 
_________
(1)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.
(2)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, 2025 was $1.9 billion or 2.1 percent. The fair value discount on the loan portfolio's net carrying amount at December 31, 2024 was $3.5 billion or 3.8 percent.
(3)Excluded from this table is the sales-type, direct financing, and leveraged lease carrying amount of $1.5 billion at December 31, 2025 and $1.7 billion at December 31, 2024.
(4)The fair value of non-interest-bearing deposit accounts, interest-bearing checking accounts, savings accounts, and money market accounts is the amount payable on demand at the reporting date (i.e., the carrying amount) as these instruments have an indeterminate maturity date. Fair values for time deposits are estimated by using discounted cash flow analyses, based on market spreads to benchmark rates.