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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 642 $ 781
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 50 (245)
Deferred income tax expense (benefit) 167 (28)
Depreciation and amortization of premises and equipment 45 46
Amortization of intangible assets 39 42
Net other amortization and accretion (3) (50)
Net (increase) decrease in trading securities 1,728 1,347
Net (increase) decrease in derivatives 822 309
Stock-based compensation expense 53 31
Securities (gains) losses, net (18) (12)
(Gain) loss on BOLI (4) (5)
Net (gains) losses on sale/disposal of fixed assets (1) 32
Gain on sale of mortgage servicing rights (12) 0
Gain on sale of title services business (21) 0
Loans held for sale:    
Purchases and originations (3,184) (4,682)
Gross proceeds from settlements and sales 2,050 3,288
(Gain) loss due to fair value adjustments and other 78 (142)
Other operating activities, net (145) (144)
Total adjustments 1,644 (213)
Net cash provided by (used in) operating activities 2,286 568
Investing Activities    
Proceeds from sales of securities available for sale 0 68
Proceeds from maturities of securities available for sale 1,080 1,680
Purchases of securities available for sale (2,457) (2,343)
Purchases of securities held to maturity (712) (304)
Proceeds from prepayments of securities held to maturity 40 10
Proceeds from sales of premises and equipment 17 22
Purchases of premises and equipment (22) (46)
Proceeds from BOLI 9 12
Net (increase) decrease in loans and leases (2,471) 2,891
Net (increase) decrease in interest-bearing deposits with banks 11,666 (6,478)
Other investing activities, net 5 15
Net cash provided by (used in) investing activities 7,155 (4,473)
Common stock:    
Stock options exercised 30 25
Cash dividends paid (243) (252)
Repurchase of shares (12) (272)
Preferred stock:    
Preferred stock issuance 494 145
Cash dividends paid - preferred stock - noncontrolling interest (9) (9)
Cash dividends paid - preferred stock (24) (24)
Net increase (decrease) in deposits (8,880) 4,287
Net increase (decrease) in short-term borrowings (707) 27
Increases (decreases) in term borrowings 5 (112)
Net cash provided by (used in) financing activities (9,346) 3,815
Net increase (decrease) in cash and cash equivalents 95 (90)
Cash and cash equivalents at beginning of period 1,788 1,648
Cash and cash equivalents at end of period 1,883 1,558
Supplemental Disclosures    
Total interest paid 127 128
Total taxes paid 11 254
Total taxes refunded 4 28
Transfer from loans to OREO 3 3
Transfer from loans HFS to trading securities 1,548 1,490
Transfer from loans to loans HFS $ 0 $ 31