XML 18 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 3,215 $ 3,142
Other short-term investments [1] 21,729 22,082
Available-for-sale debt and other securities (amortized cost of $43,754 and $55,789) 40,396 50,419
Held-to-maturity securities 11,358 2
Trading debt securities 1,176 899
Equity securities 428 613
Loans and leases held for sale (includes $512 and $334 of residential mortgage loans measured at fair value) 612 378
Portfolio loans and leases(a) (includes $114 and $116 of residential mortgage loans measured at fair value) [1] 116,668 117,234
Allowance for loan and lease losses [1] (2,305) (2,322)
Portfolio loans and leases, net 114,363 114,912
Bank premises and equipment (includes $24 and $19 held for sale) 2,425 2,349
Operating lease equipment 357 459
Goodwill 4,918 4,919
Intangible assets 98 125
Servicing rights 1,656 1,737
Other assets [1] 11,587 12,538
Total Assets 214,318 214,574
Deposits:    
Noninterest-bearing deposits 41,393 43,146
Interest-bearing deposits 126,947 125,766
Total deposits 168,340 168,912
Federal funds purchased 169 193
Other short-term borrowings 1,424 2,861
Accrued taxes, interest and expenses 2,034 2,195
Other liabilities [1] 4,471 4,861
Long-term debt [1] 17,096 16,380
Total Liabilities 193,534 195,402
Equity    
Common stock [2] 2,051 2,051
Preferred stock [3] 2,116 2,116
Capital surplus 3,784 3,757
Retained earnings 23,820 22,997
Accumulated other comprehensive loss (3,446) (4,487)
Treasury stock [2] (7,541) (7,262)
Total Equity 20,784 19,172
Total Liabilities and Equity $ 214,318 $ 214,574
[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.
[2] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at September 30, 2024 – 676,268,732 (excludes 247,623,849 treasury shares), December 31, 2023 – 681,124,810 (excludes 242,767,771 treasury shares).
[3] 500,000 shares of no par value preferred stock were authorized at both September 30, 2024 and December 31, 2023. There were 422,000 unissued shares of undesignated no par value preferred stock at both September 30, 2024 and December 31, 2023. Each issued share of no par value preferred stock has a liquidation preference of $25,000. 500,000 shares of no par value Class B preferred stock were authorized at both September 30, 2024 and December 31, 2023. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both September 30, 2024 and December 31, 2023. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.