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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income (loss) $ 790 $ 920 $ 907
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Provision for credit losses 266 166 57
Provision (credit) for losses on LIHTC guaranteed funds 0 0 (7)
Depreciation and amortization expense, net 314 247 246
Accretion of acquired loans 116 0 0
Increase in cash surrender value of corporate-owned life insurance (111) (108) (106)
Stock-based compensation expense 99 58 44
FDIC reimbursement (payments), net of FDIC expense 13 0 1
Deferred income taxes (benefit) 11 (76) 5
Proceeds from sales of loans held for sale 8,572 7,333 5,386
Originations of loans held for sale, net of repayments (8,361) (7,072) (5,415)
Net losses (gains) from sale of loans held for sale (139) (103) (97)
Net losses (gains) from principal investing (20) (51) (78)
Net losses (gains) and writedown on OREO 4 4 3
Net losses (gains) on leased equipment 7 (6) (35)
Net losses (gains) on sales of fixed assets 56 8 7
Net decrease (increase) in trading account assets (79) (38) (12)
Direct acquisition costs (44) 0 0
Gain on sale of Victory 0 0 (10)
Loss on sale of residual interests and deconsolidation of securitization trusts 0 0 40
Other operating activities, net 195 (151) 384
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 1,689 1,131 1,320
INVESTING ACTIVITIES      
Cash received (used) in acquisitions, net of cash acquired (481) 0 (114)
Net decrease (increase) in short-term investments, excluding acquisitions (68) 1,562 1,358
Purchases of securities available for sale (5,718) (4,090) (3,797)
Proceeds from sales of securities available for sale 4,249 19 0
Proceeds from prepayments and maturities of securities available for sale 4,241 3,098 2,860
Proceeds from prepayments and maturities of held-to-maturity securities 1,627 1,102 850
Purchases of held-to-maturity securities (6,968) (988) (1,109)
Purchases of other investments (46) (32) (49)
Proceeds from sales of other investments 243 145 334
Proceeds from prepayments and maturities of other investments 4 8 4
Net decrease (increase) in loans, excluding acquisitions, sales and transfers (3,580) (2,951) (3,296)
Proceeds from sales of portfolio loans 140 110 120
Proceeds from corporate-owned life insurance 29 46 35
Purchases of premises, equipment, and software (145) (75) (97)
Proceeds from sales of premises and equipment 0 1 1
Proceeds from sales of OREO 16 22 17
Proceeds from sale of residual interests 0 0 57
Proceeds from sale of Victory 0 0 10
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (6,457) (2,023) (2,816)
FINANCING ACTIVITIES      
Net increase (decrease) in deposits, excluding acquisitions 4,047 (952) 2,736
Net increase (decrease) in short-term borrowings (1,294) (93) (879)
Net proceeds from issuance of long-term debt 2,827 3,756 1,727
Payments on long-term debt (1,308) (1,172) (1,355)
Issuance of preferred shares 1,009 0 0
Repurchase of common shares (140) (448) (484)
Net proceeds from reissuance of common shares 32 22 27
Cash dividends paid (335) (267) (240)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 4,838 846 1,532
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 70 (46) 36
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR 607 653 617
CASH AND DUE FROM BANKS AT END OF YEAR 677 607 653
Additional disclosures relative to cash flows:      
Interest paid 429 329 298
Income taxes paid (refunded) 144 281 131
Noncash items:      
Reduction of secured borrowing and related collateral 67 160 152
Loans transferred to portfolio from held for sale 10 1 19
Loans transferred to held for sale from portfolio 45 63 16
Loans transferred to other real estate owned 36 20 23
Assets acquired 35,634 0 41
Liabilities assumed 33,028 0 17
LIHTC guaranteed funds put 0 0 7
Preferred Stock [Member]      
Noncash items:      
Stock issued to acquire First Niagara 350 0 0
Common Stock [Member]      
Noncash items:      
Stock issued to acquire First Niagara $ 2,831 $ 0 $ 0