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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES      
Net income $ 1,721 $ 1,652 $ 1,045
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 326 321 369
Originations of mortgage loans held for sale (8,036) (2,911) (2,829)
Proceeds from sales of mortgage loans held for sale 8,149 3,161 2,652
Purchases of commercial loans held for sale (1,944) (2,057) (1,355)
Proceeds from sales of commercial loans held for sale 1,857 1,963 1,335
Depreciation, amortization and accretion 489 487 515
Mortgage servicing rights valuation recovery (3) (2) (4)
Debt securities impairment 3 7 12
Deferred income taxes 97 (136) 153
Share-based compensation 41 48 23
Net gain on sales of:      
Debt securities (19) (11) (16)
Equity securities 0 (1) (3)
Premises and equipment 0 0 (2)
Other loans held for sale 0 (17) (72)
Increase in other assets (1,217) (502) (274)
Increase (decrease) in other liabilities 303 (119) (59)
Net cash provided by operating activities 1,767 1,883 1,490
Investment securities:      
Purchases of securities available for sale (4,270) (5,394) (7,664)
Proceeds from maturities and paydowns of debt securities available for sale 3,258 3,470 3,785
Proceeds from sales of debt securities available for sale 998 1,257 1,966
Purchases of debt securities held to maturity 0 (171) (523)
Proceeds from maturities and paydowns of debt securities held to maturity 522 561 720
Purchases of equity securities, at fair value (162) (326) (246)
Proceeds from sales of equity securities, at fair value 150 253 220
Purchases of equity securities, at cost (754) (400) (166)
Proceeds from sales of equity securities, at cost 642 637 87
Net decrease (increase) in interest-bearing deposits in banks 44 247 (83)
Purchases of mortgage servicing rights (16) (28) 0
Acquisition, net of cash acquired (533) 0 0
Net increase in loans and leases (6,445) (3,634) (9,074)
Net increase in bank-owned life insurance (42) (44) (48)
Premises and equipment:      
Purchases (232) (253) (138)
Proceeds from sales 0 0 3
Capitalization of software (237) (159) (165)
Net cash used in investing activities (7,077) (3,984) (11,326)
FINANCING ACTIVITIES      
Net increase in deposits 4,486 5,285 7,265
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 341 (333) 346
Net decrease in other short-term borrowed funds (5,211) (4,959) (3,186)
Proceeds from issuance of long-term borrowed funds 22,503 15,363 15,144
Repayments of long-term borrowed funds (14,837) (12,751) (8,429)
Treasury stock purchased (1,025) (820) (430)
Net proceeds from issuance of preferred stock 593 0 0
Dividends declared and paid to common stockholders (471) (322) (241)
Dividends declared and paid to preferred stockholders (14) (14) (14)
Payments of employee tax withholding for share-based compensation (13) (20) 0
Net cash provided by financing activities 6,352 1,429 10,455
Increase (Decrease) in cash and cash equivalents [1] 1,042 (672) 619
Cash and cash equivalents at beginning of period [1] 3,032 3,704 3,085
Cash and cash equivalents at end of period [1] 4,074 3,032 3,704
Supplemental disclosures:      
Interest paid 1,184 716 505
Income taxes paid 241 371 94
Non-cash items:      
Loans securitized and transferred to securities available for sale 142 134 68
Stock issued for share-based compensation plans 20 22 12
Stock issued for Employee Stock Purchase Plan 14 12 10
Due from broker for securities sold but not settled $ 0 $ 6 $ 0
[1] Cash and cash equivalents include cash and due from banks and interest-bearing cash and due from banks as reflected on the Consolidated Balance Sheets.