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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net income (loss) $ 2,625 $ 1,343 $ 1,717
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Provision for credit losses (418) 1,021 445
Depreciation and amortization expense, net 32 111 241
Accretion of acquired loans 24 28 50
Increase in cash surrender value of corporate-owned life insurance (113) (119) (121)
Stock-based compensation expense 104 101 96
Deferred income taxes (benefit) 146 (191) 53
Proceeds from sales of loans held for sale 16,114 14,076 11,980
Originations of loans held for sale, net of repayments (16,497) (13,856) (11,704)
Net losses (gains) from sale of loans held for sale (282) (233) (188)
Net losses (gains) and writedown on OREO 0 0 7
Net losses (gains) on leased equipment (12) (21) (17)
Net losses (gains) on sales of fixed assets 18 5 (2)
Net securities losses (gains) (7) (4) (20)
Net decrease (increase) in trading account assets 34 305 (191)
Net transfer of loans held for sale 0 0 0
Other operating activities, net (615) (893) 560
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 1,153 1,673 2,906
INVESTING ACTIVITIES      
Cash received (used) in acquisitions, net of cash acquired (29) 0 (185)
Net decrease (increase) in short-term investments, excluding acquisitions 5,184 (14,922) 1,290
Purchases of securities available for sale (28,190) (15,619) (5,714)
Proceeds from sales of securities available for sale 1,375 583 362
Proceeds from prepayments and maturities of securities available for sale 7,623 9,923 3,586
Proceeds from prepayments and maturities of held-to-maturity securities 2,889 2,493 1,477
Purchases of held-to-maturity securities (3) (17) (22)
Purchases of other investments (55) (134) (52)
Proceeds from sales of other investments 41 101 60
Proceeds from prepayments and maturities of other investments 26 15 56
Net decrease (increase) in loans, excluding acquisitions, sales, and transfers (4,276) (7,358) (6,190)
Proceeds from sales of portfolio loans 337 211 399
Proceeds from corporate-owned life insurance 72 66 59
Purchases of premises, equipment, and software (66) (63) (85)
Proceeds from sales of premises and equipment 4 0 18
Proceeds from sales of OREO 0 0 23
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (15,068) (24,721) (4,918)
FINANCING ACTIVITIES      
Net increase (decrease) in deposits, excluding acquisitions 17,290 23,412 4,561
Net increase (decrease) in short-term borrowings     229
Net increase (decrease) in short-term borrowings (218) (113)  
Net proceeds from issuance of long-term debt 1,203 3,607 2,129
Payments on long-term debt (2,566) (2,508) (3,634)
Issuance of preferred shares 0 0 435
Open market common share repurchases (559) (134) (835)
Employee equity compensation program Common Share repurchases (32) (36) (33)
Common share purchases under ASR program (585) 0 0
Net proceeds from reissuance of Common Shares 27 8 18
Cash dividends paid (823) (829) (804)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 13,737 23,407 2,066
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (178) 359 54
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR 1,091 732 678
CASH AND DUE FROM BANKS AT END OF YEAR 913 1,091 732
Additional disclosures relative to cash flows:      
Interest paid 363 731 1,251
Income taxes paid 277 241 18
Noncash items:      
Reduction of secured borrowing and related collateral 9 7 5
Loans transferred to portfolio from held for sale 87 75 157
Loans transferred to held for sale from portfolio 3,403 310 468
Loans transferred to other real estate owned 4 96 29
CMBS risk retentions 28 40 59
ABS risk retentions 11 19 12
Securities received as consideration $ 2,825 $ 0 $ 0