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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net Income $ 1,694 $ 1,819
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 351 460
Depreciation, amortization and accretion 371 347
Stock-based compensation expense 133 141
Provision for (benefit from) deferred income taxes 8 (117)
Securities gains, net (32) (6)
MSR fair value adjustment 112 6
Net gains on sales of loans and fair value adjustments on loans held for sale (30) (20)
Net gains on disposition and impairment of bank premises and equipment and operating lease equipment (3) (4)
Proceeds from sales of loans held for sale 2,893 3,934
Loans originated or purchased for sale, net of repayments (3,076) (3,464)
Dividends representing return on equity method investments 32 35
Net change in:    
Equity and trading debt securities (75) (129)
Other assets 640 (577)
Accrued taxes, interest and expenses and other liabilities (93) 12
Net Cash Provided by Operating Activities 2,925 2,437
Proceeds from sales:    
AFS securities and other investments 443 2,718
Loans and leases 305 197
Bank premises and equipment and operating lease equipment 75 3
MSRs 5 0
Proceeds from repayments / maturities of AFS and HTM securities and other investments 3,987 3,214
Purchases:    
AFS securities, equity method investments and other investments (4,847) (4,795)
Bank premises and equipment (269) (365)
MSRs 0 (25)
Proceeds from settlement of BOLI 25 12
Proceeds from sales and dividends representing return of equity method investments 8 64
Net cash received for divestitures 6 0
Net change in:    
Other short-term investments 353 (10,572)
Portfolio loans and leases (177) 829
Operating lease equipment (18) 65
Net Cash Used in Investing Activities (104) (8,655)
Financing Activities    
Net change in deposits (572) 3,982
Net change in other short-term borrowings and federal funds purchased (1,479) (133)
Dividends paid on common and preferred stock (887) (784)
Proceeds from long-term debt issuances/advances 3,246 4,283
Repayment of long-term debt (2,672) (1,507)
Repurchases of treasury stock and related forward contract (325) (200)
Other (59) (52)
Net Cash (Used in) Provided by Financing Activities (2,748) 5,589
Increase (Decrease) in Cash and Due from Banks 73 (629)
Cash and Due from Banks at Beginning of Period 3,142 3,466
Cash and Due from Banks at End of Period $ 3,215 $ 2,837