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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net income $ 1,791 $ 1,721 $ 1,652
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 393 326 321
Originations of mortgage loans held for sale (21,188) (8,036) (2,911)
Proceeds from sales of mortgage loans held for sale 20,430 8,149 3,161
Purchases of commercial loans held for sale (1,979) (1,944) (2,057)
Proceeds from sales of commercial loans held for sale 2,065 1,857 1,963
Depreciation, amortization and accretion 633 489 487
Mortgage servicing rights valuation charge-off (recovery) 1 (3) (2)
Debt securities impairment 2 3 7
Deferred income taxes 64 97 (136)
Share-based compensation 41 41 48
Net gain on sales of:      
Debt securities (25) (19) (11)
Equity securities 0 0 (1)
Premises and equipment (6) 0 0
Other loans held for sale 0 0 (17)
Increase in other assets (856) (1,217) (502)
Increase (decrease) in other liabilities 331 303 (119)
Net cash provided by operating activities 1,697 1,767 1,883
Investment securities:      
Purchases of securities available for sale (8,422) (4,270) (5,394)
Proceeds from maturities and paydowns of debt securities available for sale 3,946 3,258 3,470
Proceeds from sales of debt securities available for sale 5,016 998 1,257
Purchases of debt securities held to maturity 0 0 (171)
Proceeds from maturities and paydowns of debt securities held to maturity 398 522 561
Purchases of equity securities, at fair value (717) (162) (326)
Proceeds from sales of equity securities, at fair value 851 150 253
Purchases of equity securities, at cost (511) (754) (400)
Proceeds from sales of equity securities, at cost 538 642 637
Net (increase) decrease in interest-bearing deposits in banks (149) 44 247
Purchases of mortgage servicing rights 0 (16) (28)
Acquisitions, net of cash acquired (129) (533) 0
Net increase in loans and leases (4,334) (6,445) (3,634)
Net increase in bank-owned life insurance (27) (42) (44)
Premises and equipment:      
Purchases (126) (232) (253)
Proceeds from sales 31 0 0
Capitalization of software (240) (237) (159)
Net cash used in investing activities (3,875) (7,077) (3,984)
FINANCING ACTIVITIES      
Net increase in deposits 5,738 4,486 5,285
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase (891) 341 (333)
Net decrease in other short-term borrowed funds (157) (5,211) (4,959)
Proceeds from issuance of long-term borrowed funds 12,850 22,503 15,363
Repayments of long-term borrowed funds (14,857) (14,837) (12,751)
Treasury stock purchased (1,220) (1,025) (820)
Net proceeds from issuance of preferred stock 730 593 0
Dividends declared and paid to common stockholders (617) (471) (322)
Dividends declared and paid to preferred stockholders (65) (14) (14)
Payments of employee tax withholding for share-based compensation (21) (13) (20)
Net cash provided by financing activities 1,490 6,352 1,429
(Decrease) increase in cash and cash equivalents (688) 1,042 (672) [1]
Cash and cash equivalents at beginning of period [1] 4,074 3,032 3,704
Cash and cash equivalents at end of period [1] 3,386 4,074 3,032
Supplemental disclosures:      
Interest paid 1,560 1,184 716
Income taxes paid 326 241 371
Non-cash items:      
Transfer of securities from available for sale to held to maturity 192 0 0
Transfer of securities from held to maturity to available for sale 734 0 0
Loans securitized and transferred to securities available for sale 150 142 134
Stock issued for share-based compensation plans 59 20 22
Stock issued for Employee Stock Purchase Plan 17 14 12
Due from broker for securities sold but not settled $ 0 $ 0 $ 6
[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.