XML 29 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 80 $ 411
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 426 25
Depreciation and amortization 63 93
Share-based compensation 18 18
Deferred income tax expense (benefit) (94) 3
Net decrease (increase) in trading securities 22 (42)
Net increase in loans held for sale (13) (39)
Change in other liabilities 33 (73)
Change in other assets (129) (166)
Other, net (8) (10)
Net cash provided by operating activities 398 220
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease (increase) in money market investments (618) 827
Proceeds from maturities and paydowns of investment securities held-to-maturity 73 239
Purchases of investment securities held-to-maturity (169) (160)
Proceeds from sales, maturities and paydowns of investment securities available-for-sale 1,795 1,345
Purchases of investment securities available-for-sale (2,011) (1,028)
Net change in loans and leases (6,381) (1,877)
Net change in other noninterest-bearing investments 59 (5)
Purchases of premises and equipment (82) (60)
Other, net 33 4
Net cash used in investing activities (7,301) (715)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 8,599 232
Net change in short-term funds borrowed (1,194) 371
Proceeds from the issuance of long-term debt 0 497
Redemption of long-term debt (429) 0
Proceeds from the issuance of common stock 5 7
Dividends paid on common and preferred stock (130) (127)
Bank common stock repurchased (76) (551)
Other, net (7) (10)
Net cash provided by financing activities 6,768 419
Net decrease in cash and due from banks (135) (76)
Cash and due from banks at beginning of period 705 614
Cash and due from banks at end of period 570 538
Cash paid for interest 123 199
Net cash paid for income taxes 17 132
Loans held for investment transferred to other real estate owned 1 6
Loans held for sale reclassified to loans held for investment, net $ 22 $ 0