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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net income $ 48 $ 637
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 549 31
Benefit for deferred income taxes (95) (4)
Depreciation and amortization 55 57
Net periodic defined benefit credit (13) (14)
Share-based compensation expense 12 32
Net amortization of securities 1 1
Net securities losses 0 8
Net change in accrued income receivable 43 (12)
Net change in accrued expenses payable (64) (86)
Other, net 208 (225)
Net cash provided by operating activities 744 425
INVESTING ACTIVITIES    
Maturities and redemptions of investment securities available-for-sale 1,311 991
Sales of investment securities available-for-sale 0 987
Purchases of investment securities available-for-sale (1,387) (2,043)
Net change in loans (3,229) (1,685)
Proceeds from sales of foreclosed property 1 0
Net increase in premises and equipment (29) (29)
Purchases of Federal Home Loan Bank stock (51) (49)
Redemptions of Federal Home Loan Bank stock 30 0
Proceeds from bank-owned life insurance settlements 10 7
Net cash used in investing activities (3,344) (1,821)
FINANCING ACTIVITIES    
Net change in deposits 10,327 (209)
Net change in short-term borrowings 681 1,689
Maturities and redemptions of medium- and long-term debt (925) (350)
Issuances and advances of medium- and long-term debt 0 350
Issuance of preferred stock 395 0
Repurchases of common stock (199) (872)
Cash dividends paid on common stock (191) (203)
Issuances of common stock under employee stock plans 5 11
Net cash provided by financing activities 10,093 416
Net increase (decrease) in cash and cash equivalents 7,493 (980)
Cash and cash equivalents at beginning of period 5,818 4,561
Cash and cash equivalents at end of period 13,311 3,581
Interest paid 152 220
Income tax paid 77 161
Noncash investing and financing activities:    
Loans transferred to other real estate $ 1 $ 2