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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 584 $ 531
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 130 200
Depreciation and amortization of premises and equipment 83 80
Amortization of capitalized servicing rights 34 35
Amortization of core deposit and other intangible assets 13 15
Provision for deferred income taxes (6) 2
Asset write-downs 3 6
Net gain on sales of assets (5) (1)
Net change in accrued interest receivable, payable (63) 27
Net change in other accrued income and expense (140) (74)
Net change in loans originated for sale 159 (352)
Net change in trading account and other non-hedging derivative assets and liabilities (157) 139
Net cash provided by operating activities 635 608
Cash flows from investing activities    
Available for sale 0 4
Equity and other securities 159 110
Available for sale 820 1,989
Held to maturity 848 257
Available for sale (2,571) (4,145)
Equity and other securities (138) (264)
Net (increase) decrease in loans and leases 703 (724)
Net increase in interest-bearing deposits at banks (1,783) (4,075)
Capital expenditures, net (25) (35)
Net (increase) decrease in loan servicing advances (279) 81
Other, net 134 (280)
Net cash used by investing activities (2,132) (7,082)
Cash flows from financing activities    
Net increase in deposits 4,314 3,921
Net increase (decrease) in short-term borrowings 513 (521)
Proceeds from long-term borrowings 743 3,357
Payments on long-term borrowings (2,950) (49)
Purchases of treasury stock (656) 0
Dividends paid — common (225) (221)
Dividends paid — preferred (41) (34)
Other, net (1) (15)
Net cash provided by financing activities 1,697 6,438
Net increase (decrease) in cash, cash equivalents and restricted cash 200 (36)
Cash, cash equivalents and restricted cash at beginning of period 1,909 1,731
Cash, cash equivalents and restricted cash at end of period 2,109 1,695
Supplemental disclosure of cash flow information    
Interest received during the period 2,605 2,716
Interest paid during the period 933 999
Income taxes paid during the period 70 41
Supplemental schedule of noncash investing and financing activities    
Real estate acquired in settlement of loans 5 19
Additions to right-of-use assets under operating leases $ 14 $ 19