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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net income (loss) $ 761,000,000 $ 1,248,000,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for credit losses 1,001,000,000 336,000,000
Depreciation and amortization expense, net 112,000,000 183,000,000
Accretion of acquired loans 23,000,000 39,000,000
Increase in cash surrender value of corporate-owned life insurance (86,000,000) (86,000,000)
Stock-based compensation expense 75,000,000 72,000,000
Deferred income taxes (benefit) (217,000,000) 81,000,000
Proceeds from sales of loans held for sale 10,079,000,000 8,103,000,000
Originations of loans held for sale, net of repayments (10,040,000,000) (8,063,000,000)
Net losses (gains) on sales of loans held for sale (169,000,000) (126,000,000)
Net losses (gains) on leased equipment (17,000,000) (16,000,000)
Net securities losses (gains) (4,000,000) (15,000,000)
Net losses (gains) on sales of fixed assets 3,000,000 (1,000,000)
Net decrease (increase) in trading account assets 307,000,000 (114,000,000)
Other operating activities, net (1,101,000,000) 272,000,000
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 727,000,000 1,913,000,000
INVESTING ACTIVITIES    
Cash received (used) in acquisitions, net of cash acquired 0 (185,000,000)
Net decrease (increase) in short-term investments, excluding acquisitions (12,876,000,000) (789,000,000)
Purchases of securities available for sale (9,582,000,000) (4,618,000,000)
Proceeds from sales of securities available for sale 583,000,000 24,000,000
Proceeds from prepayments and maturities of securities available for sale 4,642,000,000 2,395,000,000
Proceeds from prepayments and maturities of held-to-maturity securities 1,702,000,000 1,054,000,000
Purchases of held-to-maturity securities (17,000,000) (22,000,000)
Purchases of other investments (110,000,000) (33,000,000)
Proceeds from sales of other investments 79,000,000 40,000,000
Proceeds from prepayments and maturities of other investments 13,000,000 39,000,000
Net decrease (increase) in loans, excluding acquisitions, sales and transfers (9,118,000,000) (4,122,000,000)
Proceeds from sales of portfolio loans 140,000,000 245,000,000
Proceeds from corporate-owned life insurance 46,000,000 41,000,000
Purchases of premises, equipment, and software (45,000,000) (58,000,000)
Proceeds from sales of premises and equipment 0 17,000,000
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (24,543,000,000) (5,972,000,000)
FINANCING ACTIVITIES    
Net increase (decrease) in deposits, excluding acquisitions 24,876,000,000 4,340,000,000
Net increase (decrease) in short-term borrowings (61,000,000)  
Net increase (decrease) in short-term borrowings   19,000,000
Net proceeds from issuance of long-term debt 2,502,000,000 2,113,000,000
Payments on long-term debt (2,509,000,000) (1,675,000,000)
Issuance of preferred shares 0 435,000,000
Open market Common Share repurchases (117,000,000) (594,000,000)
Employee equity compensation program Common Share repurchases (36,000,000) (33,000,000)
Net proceeds from reissuance of Common Shares 7,000,000 7,000,000
Cash dividends paid (622,000,000) (595,000,000)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 24,040,000,000 4,017,000,000
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 224,000,000 (42,000,000)
CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD 732,000,000 678,000,000
CASH AND DUE FROM BANKS AT END OF PERIOD 956,000,000 636,000,000
Additional disclosures relative to cash flows:    
Interest paid 601,000,000 950,000,000
Income taxes paid (refunded) 175,000,000 (22,000,000)
Noncash items:    
Reduction of secured borrowing and related collateral 5,000,000 3,000,000
Loans transferred to portfolio from held for sale 32,000,000 5,000,000
Loans transferred to held for sale from portfolio 292,000,000 290,000,000
Loans transferred to OREO 94,000,000 22,000,000
CMBS risk retentions 41,000,000 17,000,000
ABS risk retentions $ 22,000,000 $ 12,000,000