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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net income (loss) $ 737 $ 389
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for credit losses 129 141
Depreciation and amortization expense, net 198 124
Accretion of acquired loans 133 0
Increase in cash surrender value of corporate-owned life insurance (56) (49)
Stock-based compensation expense 51 36
FDIC reimbursement (payments), net of FDIC expense (2) 0
Deferred income taxes (benefit) 212 27
Proceeds from sales of loans held for sale 4,881 2,940
Originations of loans held for sale, net of repayments (5,435) (2,691)
Net losses (gains) on sales of loans held for sale (74) (31)
Net losses (gains) from principal investing (1) (11)
Net losses (gains) and writedown on OREO 2 2
Net losses (gains) on leased equipment (9) 1
Net securities losses (gains) (1) 0
Net losses (gains) on sales of fixed assets 14 3
Net decrease (increase) in trading account assets (214) (177)
Other operating activities, net (1,154) 20
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (589) 724
INVESTING ACTIVITIES    
Cash received (used) in acquisitions, net of cash acquired (74) 0
Net decrease (increase) in short-term investments, excluding acquisitions 253 (3,892)
Purchases of securities available for sale (723) (1,614)
Proceeds from sales of securities available for sale 915 0
Proceeds from prepayments and maturities of securities available for sale 2,036 1,565
Proceeds from prepayments and maturities of held-to-maturity securities 890 586
Purchases of held-to-maturity securities (1,297) (523)
Purchases of other investments (69) (24)
Proceeds from sales of other investments 70 77
Proceeds from prepayments and maturities of other investments 2 1
Net decrease (increase) in loans, excluding acquisitions, sales and transfers (832) (2,429)
Proceeds from sales of portfolio loans 77 72
Proceeds from corporate-owned life insurance 25 22
Purchases of premises, equipment, and software (24) (30)
Proceeds from sales of premises and equipment 0 0
Proceeds from sales of OREO 19 7
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 1,268 (6,182)
FINANCING ACTIVITIES    
Net increase (decrease) in deposits, excluding acquisitions (1,266) 4,279
Net increase (decrease) in short-term borrowings 394 142
Net proceeds from issuance of long-term debt 950 1,578
Payments on long-term debt (17) (509)
Open market common share repurchases (196) 0
Employee equity compensation program common share repurchases (59) 0
Redemption of Preferred Stock Series C (350) 0
Net proceeds from reissuance of common shares 25 3
Cash dividends paid (236) (146)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (755) 5,347
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (76) (111)
CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD 677 607
CASH AND DUE FROM BANKS AT END OF PERIOD 601 496
Additional disclosures relative to cash flows:    
Interest paid 281 190
Income taxes paid (refunded) 60 59
Noncash items:    
Reduction of secured borrowing and related collateral 21 33
Loans transferred to portfolio from held for sale 19 6
Loans transferred to held for sale from portfolio 29 28
Loans transferred to OREO $ 19 $ 10