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PARENT COMPANY FINANCIALS - Condensed Cash Flow Statements (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income $ 2,073 $ 2,319 $ 1,057
Adjustments to reconcile net income to net change in cash due to operating activities:      
Deferred income taxes 57 (429) (238)
Net increase (decrease) in other liabilities 1,036 757 1,001
Net (increase) decrease in other assets (1,894) (1,719) (3,979)
Net change due to operating activities 4,119 2,275 111
INVESTING ACTIVITIES      
Acquisitions, net of cash acquired [1] (255) (165) (3)
Other investing, net (771) (316) (65)
Net change due to investing activities (12,637) (10,486) (6,136)
FINANCING ACTIVITIES      
Proceeds from issuance of long-term borrowed funds 24,617 0 8,323
Repayments of long-term borrowed funds (19,691) (1,352) (14,022)
Treasury stock purchased (153) (295) (270)
Net proceeds from issuance of preferred stock 0 296 395
Redemption of preferred stock 0 (250) 0
Dividends declared and paid to preferred stockholders (113) (113) (98)
Net change due to financing activities 9,907 4,636 15,372
Net change in cash and cash equivalents [2] 1,389 (3,575) 9,347
Cash and cash equivalents at beginning of period [2] 9,158 12,733 3,386
Cash and cash equivalents at end of period [2] 10,547 9,158 12,733
Parent company      
OPERATING ACTIVITIES      
Net income 2,073 2,319 1,057
Adjustments to reconcile net income to net change in cash due to operating activities:      
Deferred income taxes (11) 0 17
Equity in undistributed income of subsidiaries (1,651) (1,207) (177)
Net increase (decrease) in other liabilities (7) 34 43
Net (increase) decrease in other assets (44) 12 (41)
Other operating, net 92 67 48
Net change due to operating activities 452 1,225 947
INVESTING ACTIVITIES      
Investments in and advances to subsidiaries (156) (196) (190)
Repayment of investments in and advances to subsidiaries 121 125 205
Acquisitions, net of cash acquired (23) (165) 0
Other investing, net (1) (1) (1)
Net change due to investing activities (59) (237) 14
FINANCING ACTIVITIES      
Proceeds from issuance of long-term borrowed funds 414 0 1,053
Repayments of long-term borrowed funds (182) (350) (12)
Treasury stock purchased (153) (295) (270)
Net proceeds from issuance of preferred stock 0 296 395
Redemption of preferred stock 0 (250) 0
Dividends declared and paid to common stockholders (779) (670) (672)
Dividends declared and paid to preferred stockholders (113) (113) (98)
Other financing, net (25) (20) (95)
Net change due to financing activities (838) (1,402) 301
Net change in cash and cash equivalents (445) (414) 1,262
Cash and cash equivalents at beginning of period 2,266 2,680 1,418
Cash and cash equivalents at end of period $ 1,821 $ 2,266 $ 2,680
[1] Primarily includes cash paid of $355 million to acquire Investors less $287 million in cash acquired, and $143 million and $23 million of cash paid for the HSBC transaction and acquisition of DH Capital, respectively, for the year ended December 31, 2022. See Note 2 for more detailed information regarding these acquisitions.
[2] 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