2024 Q1 Form 10-K Financial Statement

#000003552724000088 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $151.0M $577.0M
YoY Change 10.22% -2.04%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $117.0M $464.0M
YoY Change -0.85% 11.54%
% of Gross Profit
Depreciation & Amortization $23.00M $115.0M $110.0M
YoY Change -25.81% 2.68% -9.09%
% of Gross Profit
Operating Expenses $117.0M $464.0M
YoY Change -0.85% 11.54%
Operating Profit
YoY Change
Interest Expense $1.224B $3.933B
YoY Change 75.86% 302.15%
% of Operating Profit
Other Income/Expense, Net $184.0M
YoY Change -37.63%
Pretax Income $658.0M $650.0M $2.988B
YoY Change -8.36% -28.88% -3.39%
Income Tax $138.0M $120.0M $639.0M
% Of Pretax Income 20.97% 18.46% 21.39%
Net Earnings $480.0M $492.0M $2.212B
YoY Change -10.28% -29.61% -5.06%
Net Earnings / Revenue 317.88% 383.36%
Basic Earnings Per Share $0.70 $3.23
Diluted Earnings Per Share $0.70 $0.72 $3.22
COMMON SHARES
Basic Shares Outstanding 681.2M shares 681.0M shares 684.0M shares
Diluted Shares Outstanding 691.0M shares 688.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.796B $3.142B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.376B $2.349B $2.349B
YoY Change 7.08% 7.41% 7.41%
Goodwill $4.918B $4.919B
YoY Change 0.06% 0.08%
Intangibles $115.0M $125.0M
YoY Change -26.75% -26.04%
Long-Term Investments
YoY Change
Other Assets $1.438B
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $214.5B $214.6B $214.6B
YoY Change 2.8% 3.43% 3.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $596.0M $601.0M $601.0M
YoY Change 2.41% 0.33% 0.33%
Deferred Revenue
YoY Change
Short-Term Debt $3.113B $3.054B $3.054B
YoY Change 484.05% -39.14% -39.14%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.078B $5.249B $5.249B
YoY Change 140.66% 188.09% 188.09%
LONG-TERM LIABILITIES
Long-Term Debt $15.44B $16.38B $16.38B
YoY Change 19.79% 19.44% 19.44%
Other Long-Term Liabilities $5.379B $4.861B $4.861B
YoY Change -2.47% -17.34% -17.34%
Total Long-Term Liabilities $20.82B $21.24B $21.24B
YoY Change 13.12% 8.4% 8.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.078B $5.249B $5.249B
Total Long-Term Liabilities $20.82B $21.24B $21.24B
Total Liabilities $195.5B $195.4B $195.4B
YoY Change 2.73% 2.78% 2.78%
SHAREHOLDERS EQUITY
Retained Earnings $23.22B $23.00B
YoY Change 5.41% 6.03%
Common Stock $2.051B $2.051B
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.227B $7.262B
YoY Change -0.62% 2.24%
Treasury Stock Shares
Shareholders Equity $19.02B $19.17B $19.17B
YoY Change
Total Liabilities & Shareholders Equity $214.5B $214.6B $214.6B
YoY Change 2.8% 3.43% 3.43%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $480.0M $492.0M $2.212B
YoY Change -10.28% -29.61% -5.06%
Depreciation, Depletion And Amortization $23.00M $115.0M $110.0M
YoY Change -25.81% 2.68% -9.09%
Cash From Operating Activities $386.0M $2.072B $4.509B
YoY Change -70.78% -0.05% -29.85%
INVESTING ACTIVITIES
Capital Expenditures $65.00M $126.0M $491.0M
YoY Change -42.48% 11.5% 41.09%
Acquisitions
YoY Change
Other Investing Activities -$164.0M -$707.0M -$8.972B
YoY Change -92.66% -80.69% 108.17%
Cash From Investing Activities -$229.0M -$833.0M -$9.488B
YoY Change -90.31% -77.93% 94.79%
FINANCING ACTIVITIES
Cash Dividend Paid $287.0M $1.060B
YoY Change -2.38% 14.35%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.400B $1.657B
YoY Change 161.72% -5.96%
Cash From Financing Activities -$503.0M -934.0M $4.655B
YoY Change -241.29% -144.5% -529.03%
NET CHANGE
Cash From Operating Activities $386.0M 2.072B $4.509B
Cash From Investing Activities -$229.0M -833.0M -$9.488B
Cash From Financing Activities -$503.0M -934.0M $4.655B
Net Change In Cash -$346.0M 305.0M -$324.0M
YoY Change -49.56% -23.37% -168.64%
FREE CASH FLOW
Cash From Operating Activities $386.0M $2.072B $4.509B
Capital Expenditures $65.00M $126.0M $491.0M
Free Cash Flow $321.0M $1.946B $4.018B
YoY Change -73.43% -0.71% -33.91%

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CY2022 us-gaap Proceeds From Divestiture Of Businesses
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CY2021 us-gaap Proceeds From Divestiture Of Businesses
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CY2021 us-gaap Payments To Acquire Businesses Gross
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CY2023 fitb Payments On Sale Of Hsa Deposit Portfolio
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CY2022 fitb Payments On Sale Of Hsa Deposit Portfolio
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CY2021 fitb Payments On Sale Of Hsa Deposit Portfolio
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CY2023 fitb Payments For Proceeds From Portfolio Loans And Leases
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CY2022 fitb Payments For Proceeds From Portfolio Loans And Leases
PaymentsForProceedsFromPortfolioLoansAndLeases
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CY2021 fitb Payments For Proceeds From Portfolio Loans And Leases
PaymentsForProceedsFromPortfolioLoansAndLeases
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CY2023 fitb Proceeds From Payments For Operating Lease Equipment
ProceedsFromPaymentsForOperatingLeaseEquipment
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CY2022 fitb Proceeds From Payments For Operating Lease Equipment
ProceedsFromPaymentsForOperatingLeaseEquipment
124000000 usd
CY2021 fitb Proceeds From Payments For Operating Lease Equipment
ProceedsFromPaymentsForOperatingLeaseEquipment
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Increase Decrease In Deposits
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CY2022 us-gaap Increase Decrease In Deposits
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CY2023 fitb Proceeds From Payments For Other Short Term Borrowings And Federal Funds Purchased
ProceedsFromPaymentsForOtherShortTermBorrowingsAndFederalFundsPurchased
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CY2022 fitb Proceeds From Payments For Other Short Term Borrowings And Federal Funds Purchased
ProceedsFromPaymentsForOtherShortTermBorrowingsAndFederalFundsPurchased
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CY2021 fitb Proceeds From Payments For Other Short Term Borrowings And Federal Funds Purchased
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CY2022 us-gaap Payments Of Dividends
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CY2021 us-gaap Payments Of Dividends
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CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2023 us-gaap Repayments Of Long Term Debt
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CY2021 us-gaap Repayments Of Long Term Debt
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CY2023 us-gaap Payments For Repurchase Of Common Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2023 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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472000000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2994000000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></div>
CY2023 fitb Expected Credit Loss Forecast Lifespan
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P3Y
CY2023 fitb Expected Credit Losses Estimation Historical Lookback Period
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P2Y
CY2023 fitb Defined Benefit Plan Net Gain Loss In Excess Of Projected Benefit Obligation Percentage
DefinedBenefitPlanNetGainLossInExcessOfProjectedBenefitObligationPercentage
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CY2023 us-gaap Interest Paid Net
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2023 us-gaap Income Taxes Paid
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CY2022 us-gaap Income Taxes Paid
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272000000 usd
CY2021 us-gaap Income Taxes Paid
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CY2023 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
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513000000 usd
CY2022 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
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105000000 usd
CY2021 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
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CY2023 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
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CY2022 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
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CY2021 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
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CY2023 us-gaap Transfer To Other Real Estate
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CY2022 us-gaap Transfer To Other Real Estate
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CY2021 us-gaap Transfer To Other Real Estate
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CY2023 fitb Property And Equipment Transferred To Other Real Estate Owned
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30000000 usd
CY2022 fitb Property And Equipment Transferred To Other Real Estate Owned
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CY2021 fitb Property And Equipment Transferred To Other Real Estate Owned
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023 fitb Net Reductions Additions To Lease Liabilities Under Finance Leases
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CY2022 fitb Net Reductions Additions To Lease Liabilities Under Finance Leases
NetReductionsAdditionsToLeaseLiabilitiesUnderFinanceLeases
27000000 usd
CY2021 fitb Net Reductions Additions To Lease Liabilities Under Finance Leases
NetReductionsAdditionsToLeaseLiabilitiesUnderFinanceLeases
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CY2023 fitb Dividend Received From Nonbank Companies And Related Subsidiaries
DividendReceivedFromNonbankCompaniesAndRelatedSubsidiaries
1800000000 usd
CY2022 fitb Dividend Received From Nonbank Companies And Related Subsidiaries
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CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
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CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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CY2022Q4 us-gaap Equity Securities Fv Ni
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CY2023Q4 us-gaap Accrued Investment Income Receivable
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CY2022Q4 us-gaap Accrued Investment Income Receivable
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CY2021 us-gaap Debt Securities Available For Sale Realized Gain
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CY2023 us-gaap Debt Securities Available For Sale Realized Loss
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CY2022 us-gaap Debt Securities Available For Sale Realized Loss
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CY2021 us-gaap Debt Securities Available For Sale Realized Loss
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CY2022 us-gaap Other Than Temporary Impairment Loss Debt Securities Portion Recognized In Earnings
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CY2021 us-gaap Debt Securities Available For Sale Gain Loss
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CY2022 us-gaap Debt Securities Trading Realized Gain Loss
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CY2022 us-gaap Debt Securities Trading Unrealized Gain Loss
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CY2021 us-gaap Debt Securities Trading Unrealized Gain Loss
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CY2021 fitb Total Trading Securities Gains Losses
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CY2023Q4 us-gaap Debt Securities Available For Sale Restricted
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25200000000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
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CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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CY2023Q4 us-gaap Deferred Credits And Other Liabilities
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CY2022Q4 us-gaap Deferred Credits And Other Liabilities
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CY2023Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
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CY2022Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
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CY2023Q4 us-gaap Interest Receivable
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CY2023Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
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CY2022Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
122487000000 usd
CY2023Q4 us-gaap Delinquent Amount At End Of Period On Loans Managed And Securitized
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritized
36000000 usd
CY2022Q4 us-gaap Delinquent Amount At End Of Period On Loans Managed And Securitized
DelinquentAmountAtEndOfPeriodOnLoansManagedAndSecuritized
40000000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff After Recovery
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388000000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoffAfterRecovery
227000000 usd
CY2023Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
378000000 usd
CY2022Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
1007000000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
117234000000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
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121480000000 usd
CY2023 us-gaap Direct Financing Lease Lease Income
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26000000 usd
CY2022 us-gaap Direct Financing Lease Lease Income
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29000000 usd
CY2021 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
42000000 usd
CY2023 us-gaap Sales Type Lease Lease Income
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63000000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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2194000000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
522000000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
134000000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
565000000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
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CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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2226000000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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2322000000 usd
CY2023Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
476000000 usd
CY2023Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
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CY2023Q4 fitb Financing Receivable Excluding Residential Mortgage Loans Measured At Fair Value
FinancingReceivableExcludingResidentialMortgageLoansMeasuredAtFairValue
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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CY2022Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1388000000 usd
CY2022Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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119969000000 usd
CY2022Q4 fitb Financing Receivable Excluding Residential Mortgage Loans Measured At Fair Value
FinancingReceivableExcludingResidentialMortgageLoansMeasuredAtFairValue
121357000000 usd
CY2023Q4 fitb Financing Receivable Net Amount For Amortized Cost Basis
FinancingReceivableNetAmountForAmortizedCostBasis
474000000 usd
CY2022Q4 fitb Financing Receivable Net Amount For Amortized Cost Basis
FinancingReceivableNetAmountForAmortizedCostBasis
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CY2023Q4 fitb Financing Receivable Nonaccrual With Related Allowance
FinancingReceivableNonaccrualWithRelatedAllowance
469000000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
219000000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
688000000 usd
CY2022Q4 fitb Financing Receivable Nonaccrual With Related Allowance
FinancingReceivableNonaccrualWithRelatedAllowance
333000000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual No Allowance
FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
206000000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
539000000 usd
CY2023Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
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107000000 usd
CY2022Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
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154000000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Modified Period
FinancingReceivableExcludingAccruedInterestModifiedPeriod
615000000 usd
CY2023 fitb Loan Modification Program Threshold For Modification Percent Of Total Loans And Leases
LoanModificationProgramThresholdForModificationPercentOfTotalLoansAndLeases
0.0052
CY2023 fitb Loan Modification Program Loans Excluded From Modification Program
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29000000 usd
CY2023Q4 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
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130000000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Modified Period
FinancingReceivableExcludingAccruedInterestModifiedPeriod
615000000 usd
CY2023 fitb Modification Program Option Threshold Period Past Due
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CY2023 us-gaap Financing Receivable Excluding Accrued Interest Modified Subsequent Default
FinancingReceivableExcludingAccruedInterestModifiedSubsequentDefault
77000000 usd
CY2022 us-gaap Financing Receivable Modifications Number Of Contracts2
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10091 loan
CY2022 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
545000000 usd
CY2022 us-gaap Financing Receivable Change In Method Credit Loss Expense Reversal
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19000000 usd
CY2022 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
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9000000 usd
CY2021 us-gaap Financing Receivable Modifications Number Of Contracts2
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10882 loan
CY2021 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
450000000 usd
CY2021 us-gaap Financing Receivable Change In Method Credit Loss Expense Reversal
FinancingReceivableChangeInMethodCreditLossExpenseReversal
12000000 usd
CY2021 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
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CY2022 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
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CY2022 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
40000000 usd
CY2021 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
467 contract
CY2021 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
41000000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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104000000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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78000000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
51000000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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26000000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
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11000000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
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CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
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286000000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3473000000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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3360000000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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2349000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2187000000 usd
CY2023 us-gaap Depreciation Nonproduction
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292000000 usd
CY2022 us-gaap Depreciation Nonproduction
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273000000 usd
CY2021 us-gaap Depreciation Nonproduction
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270000000 usd
CY2023 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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CY2023Q4 us-gaap Net Investment In Lease
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459000000 usd
CY2022Q4 us-gaap Net Investment In Lease
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CY2023Q4 fitb Net Investment In Lease Accumulated Amortization
NetInvestmentInLeaseAccumulatedAmortization
355000000 usd
CY2022Q4 fitb Net Investment In Lease Accumulated Amortization
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338000000 usd
CY2023 us-gaap Operating Lease Lease Income
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135000000 usd
CY2022 us-gaap Operating Lease Lease Income
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146000000 usd
CY2021 us-gaap Operating Lease Lease Income
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152000000 usd
CY2023 us-gaap Depreciation
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110000000 usd
CY2022 us-gaap Depreciation
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121000000 usd
CY2021 us-gaap Depreciation
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124000000 usd
CY2023 us-gaap Operating Lease Lease Income Lease Payments
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140000000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
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147000000 usd
CY2023 us-gaap Tangible Asset Impairment Charges
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CY2022 us-gaap Tangible Asset Impairment Charges
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CY2021 us-gaap Tangible Asset Impairment Charges
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CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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511000000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
508000000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
126000000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
150000000 usd
CY2023Q4 fitb Right Of Use Assets
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637000000 usd
CY2022Q4 fitb Right Of Use Assets
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CY2023Q4 us-gaap Operating Lease Liability
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601000000 usd
CY2022Q4 us-gaap Operating Lease Liability
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599000000 usd
CY2023Q4 us-gaap Finance Lease Liability
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134000000 usd
CY2022Q4 us-gaap Finance Lease Liability
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156000000 usd
CY2023Q4 fitb Total Lease Liabilities
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735000000 usd
CY2022Q4 fitb Total Lease Liabilities
TotalLeaseLiabilities
755000000 usd
CY2023Q4 fitb Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
292000000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
77000000 usd
CY2022Q4 fitb Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
255000000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
66000000 usd
CY2023 fitb Finance Lease Cost
FinanceLeaseCost
24000000 usd
CY2022 fitb Finance Lease Cost
FinanceLeaseCost
24000000 usd
CY2021 fitb Finance Lease Cost
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CY2023 fitb Operating Lease Costs
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116000000 usd
CY2022 fitb Operating Lease Costs
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110000000 usd
CY2021 fitb Operating Lease Costs
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110000000 usd
CY2023 us-gaap Lease Cost
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140000000 usd
CY2022 us-gaap Lease Cost
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134000000 usd
CY2021 us-gaap Lease Cost
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132000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
93000000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
20000000 usd
CY2023Q4 fitb Lease Liability Payments Due Year One
LeaseLiabilityPaymentsDueYearOne
113000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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86000000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
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CY2023Q4 fitb Lease Liability Payments Due Year Two
LeaseLiabilityPaymentsDueYearTwo
100000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
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CY2023Q4 fitb Lease Liability Payments Due Year Three
LeaseLiabilityPaymentsDueYearThree
86000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
69000000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
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CY2023Q4 fitb Lease Liability Payments Due Year Four
LeaseLiabilityPaymentsDueYearFour
77000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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61000000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
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CY2023Q4 fitb Lease Liability Payments Due Year Five
LeaseLiabilityPaymentsDueYearFive
69000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
369000000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
113000000 usd
CY2023Q4 fitb Lease Liability Payments Due After Year Five
LeaseLiabilityPaymentsDueAfterYearFive
482000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
755000000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
172000000 usd
CY2023Q4 fitb Lease Liability Payments Due
LeaseLiabilityPaymentsDue
927000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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154000000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
38000000 usd
CY2023Q4 fitb Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
192000000 usd
CY2023Q4 us-gaap Operating Lease Liability
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601000000 usd
CY2023Q4 us-gaap Finance Lease Liability
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134000000 usd
CY2023Q4 fitb Total Lease Liabilities1
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735000000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P11Y25D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P10Y9M18D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P15Y2M15D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P15Y3M21D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0372
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0335
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2023 us-gaap Operating Lease Payments
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91000000 usd
CY2022 us-gaap Operating Lease Payments
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90000000 usd
CY2021 us-gaap Operating Lease Payments
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88000000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
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CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2023 us-gaap Finance Lease Principal Payments
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CY2022 us-gaap Finance Lease Principal Payments
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CY2021 us-gaap Finance Lease Principal Payments
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CY2023 us-gaap Sale And Leaseback Transaction Gain Loss Net
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CY2022 us-gaap Sale And Leaseback Transaction Gain Loss Net
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CY2021 us-gaap Sale And Leaseback Transaction Gain Loss Net
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CY2021Q4 us-gaap Goodwill Gross
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CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2021Q4 us-gaap Goodwill
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4514000000 usd
CY2022 us-gaap Goodwill Acquired During Period
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440000000 usd
CY2022 us-gaap Goodwill Transfers
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CY2022 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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39000000 usd
CY2022Q4 us-gaap Goodwill
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CY2023 us-gaap Goodwill Acquired During Period
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CY2023Q4 us-gaap Goodwill
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4919000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
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361000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
236000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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125000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
385000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
216000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
169000000 usd
CY2023 us-gaap Amortization Of Intangible Assets
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43000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
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48000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
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47000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
35000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
28000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
22000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
9000000 usd
CY2023 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
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CY2022 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
13307000000 usd
CY2021 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
16900000000 usd
CY2023 us-gaap Gain Loss On Sale Of Notes Receivable
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CY2022 us-gaap Gain Loss On Sale Of Notes Receivable
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91000000 usd
CY2021 us-gaap Gain Loss On Sale Of Notes Receivable
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285000000 usd
CY2023 us-gaap Contractually Specified Servicing Fees Amount
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319000000 usd
CY2022 us-gaap Contractually Specified Servicing Fees Amount
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310000000 usd
CY2021 us-gaap Contractually Specified Servicing Fees Amount
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247000000 usd
CY2022Q4 us-gaap Servicing Asset At Fair Value Amount
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1746000000 usd
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
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1121000000 usd
CY2023 us-gaap Servicing Asset At Fair Value Additions
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71000000 usd
CY2022 us-gaap Servicing Asset At Fair Value Additions
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235000000 usd
CY2023 fitb Servicing Asset At Fair Value Purchases
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25000000 usd
CY2022 fitb Servicing Asset At Fair Value Purchases
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213000000 usd
CY2023 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
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43000000 usd
CY2022 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
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