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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net income (loss) $ 900 $ 737
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for credit losses 125 129
Depreciation and amortization expense, net 195 198
Accretion of acquired loans 22 133
Increase in cash surrender value of corporate-owned life insurance (56) (56)
Stock-based compensation expense 53 51
FDIC reimbursement (payments), net of FDIC expense 2 (2)
Deferred income taxes (benefit) 17 212
Proceeds from sales of loans held for sale 5,703 4,881
Originations of loans held for sale, net of repayments (5,944) (5,435)
Net losses (gains) on sales of loans held for sale (89) (74)
Net losses (gains) and writedown on OREO 2 2
Net losses (gains) on leased equipment (37) (9)
Net securities losses (gains) 0 (1)
Net losses (gains) on sales of fixed assets 4 14
Net decrease (increase) in trading account assets 3 (214)
Gain on sale of Key Insurance & Benefits, Inc. (78) 0
Other operating activities, net (414) (1,155)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 408 (589)
INVESTING ACTIVITIES    
Cash received (used) in acquisitions, net of cash acquired 0 (74)
Proceeds from sale of Key Insurance & Benefits Services, Inc. 119 0
Net decrease (increase) in short-term investments, excluding acquisitions 1,801 253
Purchases of securities available for sale (1,167) (723)
Proceeds from sales of securities available for sale 0 915
Proceeds from prepayments and maturities of securities available for sale 1,640 2,036
Proceeds from prepayments and maturities of held-to-maturity securities 797 890
Purchases of held-to-maturity securities (1,242) (1,297)
Purchases of other investments (6) (69)
Proceeds from sales of other investments 22 70
Proceeds from prepayments and maturities of other investments 2 2
Net decrease (increase) in loans, excluding acquisitions, sales and transfers (2,044) (832)
Proceeds from sales of portfolio loans 99 77
Proceeds from corporate-owned life insurance 41 25
Purchases of premises, equipment, and software (36) (24)
Proceeds from sales of premises and equipment 1 0
Proceeds from sales of OREO 14 19
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 41 1,268
FINANCING ACTIVITIES    
Net increase (decrease) in deposits, excluding acquisitions (687) (1,266)
Net increase (decrease) in short-term borrowings 1,295 394
Net proceeds from issuance of long-term debt 1,758 950
Payments on long-term debt (2,123) (17)
Open market Common Share repurchases (279) (196)
Employee equity compensation program Common Share repurchases (46) (59)
Redemption of Preferred Stock Series C 0 (350)
Net proceeds from reissuance of Common Shares 14 25
Cash dividends paid (268) (236)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (336) (755)
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 113 (76)
CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD 671 677
CASH AND DUE FROM BANKS AT END OF PERIOD 784 601
Additional disclosures relative to cash flows:    
Interest paid 389 281
Income taxes paid (refunded) 14 60
Noncash items:    
Reduction of secured borrowing and related collateral 15 21
Loans transferred to portfolio from held for sale 21 19
Loans transferred to (from) held for sale from portfolio (3) 29
Loans transferred to OREO $ 9 $ 19