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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Other short-term investments [1] $ 17,120 $ 22,082
Total portfolio loans and leases 119,791 117,234
Allowance for loan and lease losses [1] (2,352) (2,322)
Other assets [1] 12,857 12,538
Other liabilities [1] 4,902 4,861
Long-term debt [1] 14,337 16,380
Amortized Cost 43,878 55,789
Held-to-maturity securities 10,965 2
Bank premises and equipment held for sale $ 14 $ 19
Common stock, par value (in dollars per share) $ 2.22 $ 2.22
Common stock, authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, outstanding (in shares) 669,853,830 681,124,810
Treasury shares (in shares) 254,038,751 242,767,771
Preferred stock, authorized (in shares) 500,000 500,000
Preferred stock, unissued (in shares) 422,000 422,000
Preferred stock, liquidation preference per share (in dollars per share) $ 25,000 $ 25,000
Preferred Class B    
Preferred stock, authorized (in shares) 500,000 500,000
Preferred stock, unissued (in shares) 300,000 300,000
Preferred stock, liquidation preference per share (in dollars per share) $ 1,000 $ 1,000
Residential Mortgage    
Allowance for loan and lease losses $ (146) $ (145)
Loans held for sale 574 334
Loans measured at FV 108 116
Variable Interest Entity, Primary Beneficiary | Automobile And Solar Loan    
Other short-term investments 51 55
Total portfolio loans and leases 1,000 1,573
Allowance for loan and lease losses (19) (28)
Other assets 5 10
Other liabilities 12 14
Long-term debt $ 889 $ 1,409
[1] Includes $51 and $55 of other short-term investments, $1,000 and $1,573 of portfolio loans and leases, $(19) and $(28) of ALLL, $5 and $10 of other assets, $12 and $14 of other liabilities and $889 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2024 and 2023, respectively. For further information, refer to Note 12.