Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Quarterly Financial Information [Table Text Block]

(In millions, except per share amounts)	Quarters
	First			Second			Third			Fourth			Year
2017
Gross interest income	$	515		$	558		$	557		$	562		$	2,192
Net interest income	489			528			522			526			2,065
Provision for loan losses	23			7			5			(11		)	24
Noninterest income	132			132			140			140			544
Noninterest expense	414			405			413			417			1,649
Income before income taxes	184			248			244			260			936
Net income	139			168			161			124			592
Preferred stock dividends	(10		)	(12		)	(8		)	(10		)	(40		)
Preferred stock redemption	—			(2		)	—			—			(2		)
Net earnings applicable to common shareholders	129			154			153			114			550
Net earnings per common share:
Basic	0.63			0.76			0.75			0.57			2.71
Diluted	0.61			0.73			0.72			0.54			2.60
2016
Gross interest income	$	475		$	487		$	491		$	501		$	1,954
Net interest income	453			465			469			480			1,867
Provision for loan losses	42			35			19			(3		)	93
Noninterest income	117			126			145			128			516
Noninterest expense	396			382			403			404			1,585
Income before income taxes	132			174			192			207			705
Net income	91			114			127			137			469
Preferred stock dividends	(12		)	(14		)	(10		)	(12		)	(48		)
Preferred stock redemption	—			(10		)	—			—			(10		)
Net earnings applicable to common shareholders	79			90			117			125			411
Net earnings per common share:
Basic	0.38			0.44			0.57			0.61			2.00
Diluted	0.38			0.44			0.57			0.60			1.99

Condensed Balance Sheets

(In millions)	December 31,
	2017			2016
ASSETS
Cash and due from banks	$	—		$	2
Interest-bearing deposits	332			529
Investment securities:
Available-for-sale, at fair value	30			40
Other noninterest-bearing investments	36			29
Investments in subsidiaries:
Commercial bank	7,620			7,570
Other subsidiaries	41			6
Other assets	32			81
Total assets	$	8,091		$	8,257
LIABILITIES AND SHAREHOLDERS’ EQUITY
Other liabilities	$	30		$	89
Long-term debt:
Due to others	382			534
Total liabilities	412			623
Shareholders’ equity:
Preferred stock	566			710
Common stock	4,445			4,725
Retained earnings	2,807			2,321
Accumulated other comprehensive income (loss)	(139		)	(122		)
Total shareholders’ equity	7,679			7,634
Total liabilities and shareholders’ equity	$	8,091		$	8,257

Condensed Statements Of Income

(In millions)	Year Ended December 31,
	2017			2016			2015
Interest income:
Commercial bank	$	—		$	1		$	1
Other loans and securities	1			2			3
Total interest income	1			3			4
Interest expense:
Affiliated trusts	—			3			4
Other borrowed funds	25			34			64
Total interest expense	25			37			68
Net interest loss	(24		)	(34		)	(64		)
Other income:
Dividends from consolidated subsidiaries:
Commercial bank	587			263			234
Securities gains, net	—			—			37
Other income	7			4			13
Total other income	594			267			284
Expenses:
Salaries and employee benefits	24			23			25
Other operating expenses	8			(14		)	10
Total expenses	32			9			35
Income before income taxes and undistributed income of consolidated subsidiaries	538			224			185
Income tax benefit	(42		)	(19		)	(27		)
Income before equity in undistributed income of consolidated subsidiaries	580			243			212
Equity in undistributed income (loss) of consolidated subsidiaries:
Commercial bank	12			230			108
Other subsidiaries	—			(4		)	(11		)
Net income	592			469			309
Preferred stock dividends	(40		)	(48		)	(62		)
Preferred stock redemption	(2		)	(10		)	—
Net earnings applicable to common shareholders	$	550		$	411		$	247

Condensed Statements Of Cash Flows

(In millions)	Year Ended December 31,
	2017			2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	592		$	469		$	309
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of consolidated subsidiaries	(12		)	(226		)	(97		)
Other, net	(56		)	(31		)	78
Net cash provided by operating activities	524			212			290
CASH FLOWS FROM INVESTING ACTIVITIES
Net decrease in money market investments	196			347			132
Collection of advances to subsidiaries	—			—			56
Advances to subsidiaries	—			—			(41		)
Proceeds from sales and maturities of investment securities	20			4			125
Purchases of investment securities	—			—			(47		)
Decrease of investment in subsidiaries	—			—			15
Other, net	2			7			4
Net cash provided by investing activities	218			358			244
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments of long-term debt	(164		)	(280		)	(271		)
Proceeds from issuance of common stock	25			25			22
Cash paid for preferred stock redemptions	(144		)	(126		)	(176		)
Company common stock repurchased	(332		)	(97		)	(7		)
Dividends paid on preferred stock	(40		)	(50		)	(63		)
Dividends paid on common stock	(89		)	(58		)	(45		)
Net cash used in financing activities	(744		)	(586		)	(540		)
Net decrease in cash and due from banks	(2		)	(16		)	(6		)
Cash and due from banks at beginning of year	2			18			24
Cash and due from banks at end of year	$	—		$	2		$	18