Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Table 119: Results of Businesses


Year ended December 31 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2021
Income Statement
Net interest income	$	6,206	$	4,526	$	476	$	(561)	$	10,647
Noninterest income	2,796		3,783		987		998		8,564
Total revenue	9,002		8,309		1,463		437		19,211
Provision for (recapture of) credit losses	(101)		(646)		(7)		(25)		(779)
Depreciation and amortization	293		208		23		542		1,066
Other noninterest expense	6,623		3,271		918		1,124		11,936
Income (loss) from continuing operations before income taxes (benefit) and noncontrolling interests	2,187		5,476		529		(1,204)		6,988
Income taxes (benefit) from continuing operations	508		1,138		123		(506)		1,263
Net income (loss) from continuing operations	1,679		4,338		406		(698)		5,725
Less: Net income attributable to noncontrolling interests	31		14				6		51
Net income (loss) from continuing operations excluding noncontrolling interests	$	1,648	$	4,324	$	406	$	(704)	$	5,674
Average Assets	$	106,331	$	188,470	$	11,677	$	216,688	$	523,166
2020
Income Statement
Net interest income	$	5,609	$	3,999	$	357	$	(19)	$	9,946
Noninterest income	2,519		3,062		854		520		6,955
Total revenue	8,128		7,061		1,211		501		16,901
Provision for (recapture of) credit losses	968		2,088		21		98		3,175
Depreciation and amortization	251		197		45		490		983
Other noninterest expense	5,768		2,659		813		74		9,314
Income (loss) from continuing operations before income taxes (benefit) and noncontrolling interests	1,141		2,117		332		(161)		3,429
Income taxes (benefit) from continuing operations	266		433		77		(350)		426
Net income from continuing operations	875		1,684		255		189		3,003
Less: Net income attributable to noncontrolling interests	31		10						41
Net income from continuing operations excluding noncontrolling interests	$	844	$	1,674	$	255	$	189	$	2,962
Average Assets	$	97,643	$	183,189	$	8,186	$	160,277	$	449,295
2019
Income Statement
Net interest income	$	5,520	$	3,637	$	288	$	520	$	9,965
Noninterest income	2,648		2,537		991		698		6,874
Total revenue	8,168		6,174		1,279		1,218		16,839
Provision for (recapture of) credit losses	517		284		(1)		(27)		773
Depreciation and amortization	230		198		62		545		1,035
Other noninterest expense	5,781		2,615		877		266		9,539
Income from continuing operations before income taxes (benefit) and noncontrolling interests	1,640		3,077		341		434		5,492
Income taxes (benefit) from continuing operations	377		629		79		(184)		901
Net income from continuing operations	1,263		2,448		262		618		4,591
Less: Net income attributable to noncontrolling interests	50						(1)		49
Net income from continuing operations excluding noncontrolling interests	$	1,213	$	2,448	$	262	$	619	$	4,542
Average Assets	$	92,959	$	164,243	$	7,360	$	135,773	$	400,335

(a)There were no material intersegment revenues for 2021, 2020 and 2019.