XML 29 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 354 $ 379
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 18 91
Depreciation and amortization 63 72
Share-based compensation 24 24
Deferred income tax expense (benefit) 17 (13)
Net decrease in trading securities 24 433
Net decrease (increase) in loans held for sale 5 (25)
Change in other liabilities (17) (363)
Change in other assets 38 164
Other, net (14) 57
Net cash provided by operating activities 512 819
CASH FLOWS FROM INVESTING ACTIVITIES    
Net (increase) decrease in money market investments (786) 1,454
Proceeds from maturities and paydowns of investment securities held-to-maturity 501 526
Purchases of investment securities held-to-maturity (60) (21)
Proceeds from sales, maturities, and paydowns of investment securities available-for-sale 1,051 1,328
Purchases of investment securities available-for-sale (350) (301)
Net change in loans and leases (690) (1,311)
Purchases and sales of other noninterest-bearing investments (33) 176
Purchases of premises and equipment (47) (53)
Other, net 7 (18)
Net cash provided by (used in) investing activities (407) 1,780
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (decrease) increase in deposits (1,191) 2,671
Net change in short-term borrowed funds 1,271 (4,904)
Redemption of long-term debt 0 (128)
Proceeds from the issuance of common stock 0 2
Dividends paid on common and preferred stock (143) (138)
Bank common stock repurchased (35) (50)
Other, net (6) (8)
Net cash used in financing activities (104) (2,555)
Net increase in cash and due from banks 1 44
Cash and due from banks at beginning of period 716 657
Cash and due from banks at end of period 717 701
Cash paid for interest 940 546
Net cash paid for income taxes 90 231
Noncash activities:    
Loans held for investment reclassified to loans held for sale, net $ 100 $ 49