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PARENT COMPANY FINANCIALS
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
PARENT COMPANY FINANCIALS
NOTE 27 - PARENT COMPANY FINANCIALS
Condensed Statements of Operations
Year Ended December 31,
 (in millions)202220212020
OPERATING INCOME:
Income from bank subsidiaries, excluding equity in undistributed income:
       Dividends$450 $1,120 $900 
       Interest39 35 42 
       Management and service fees69 64 54 
Income from nonbank subsidiaries, excluding equity in undistributed income:
       Dividends43 57 40 
       Interest3 2 4 
  All other operating income1 1 1 
  Total operating income605 1,279 1,041 
OPERATING EXPENSE:
  Salaries and employee benefits43 36 27 
  Interest expense125 119 120 
  All other expenses28 28 30 
  Total operating expense196 183 177 
Income (loss) before taxes and undistributed income409 1,096 864 
  Income tax expense (benefit)(13)(16)(16)
Income before undistributed income of subsidiaries 422 1,112 880 
Equity in undistributed income (losses) of subsidiaries:
  Bank1,724 1,188 170 
  Nonbank(73)19 7 
Net income$2,073 $2,319 $1,057 
Total other comprehensive income (loss), net of income taxes(1)
(3,895)(605)351 
Total comprehensive income (loss)($1,822)$1,714 $1,408 
(1) See Consolidated Statements of Comprehensive Income for comprehensive income (loss) detail.
In accordance with federal and state banking regulations, dividends paid by CBNA to the Company are subject to certain limitations. See Note 25 for more information. Additionally, see Note 17 for more information regarding the Company’s common and preferred stock dividends.
Condensed Balance Sheets
 (in millions)December 31, 2022December 31, 2021
ASSETS:
  Cash and due from banks$1,821 $2,266 
  Loans and advances to:
Bank subsidiary1,153 1,148 
Nonbank subsidiaries135 150 
  Investments in subsidiaries:
Bank subsidiary23,674 22,742 
Nonbank subsidiaries302 325 
  Other assets182 140 
Total assets$27,267 $26,771 
LIABILITIES:
  Long-term borrowed funds$3,336 $3,099 
  Other liabilities241 252 
Total liabilities3,577 3,351 
Total stockholders’ equity23,690 23,420 
Total liabilities and stockholders’ equity$27,267 $26,771 
Condensed Cash Flow Statements
Year Ended December 31,
 (in millions)202220212020
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)— 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, net92 67 48 
Net change due to operating activities452 1,225 947 
INVESTING ACTIVITIES
Investments in and advances to subsidiaries(156)(196)(190)
Repayment of investments in and advances to subsidiaries121 125 205 
Acquisitions, net of cash acquired(23)(165)— 
Other investing, net(1)(1)(1)
Net change due to investing activities(59)(237)14 
FINANCING ACTIVITIES
Proceeds from issuance of long-term borrowed funds414 — 1,053 
Repayments of long-term borrowed funds(182)(350)(12)
Treasury stock purchased(153)(295)(270)
Net proceeds from issuance of preferred stock— 296 395 
Redemption of preferred stock— (250)— 
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 due from banks(445)(414)1,262 
Cash and due from banks at beginning of year2,266 2,680 1,418 
Cash and due from banks at end of year$1,821 $2,266 $2,680