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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 1,743 $ 941
Short-term investments 17,504 10,817
Trading account assets 1,283 1,142
Securities available for sale 37,707 37,185
Held-to-maturity securities (fair value: $6,837 and $8,056) 7,395 8,575
Other investments 1,041 1,244
Loans, net of unearned income of $311 and $356 104,260 112,606
Allowance for loan and lease losses (1,409) (1,508)
Net loans 102,851 111,098
Loans held for sale [1] 797 483
Premises and equipment 614 661
Goodwill 2,752 2,752
Other intangible assets 27 55
Corporate-owned life insurance 4,394 4,383
Accrued income and other assets 8,797 8,601
Discontinued assets 263 344
Total assets 187,168 188,281
Deposits in domestic offices:    
Interest-bearing deposits 120,132 114,859
Noninterest-bearing deposits 29,628 30,728
Total deposits 149,760 145,587
Federal funds purchased and securities sold under repurchase agreements 14 38
Bank notes and other short-term borrowings 2,130 3,053
Accrued expense and other liabilities 4,983 5,412
Long-term debt 12,105 19,554
Total liabilities 168,992 173,644
EQUITY    
Preferred stock 2,500 2,500
Common Shares, $1 par value; authorized 2,100,000,000 shares; issued 1,256,702,081 shares at December 31, 2024 and 2023 1,257 1,257
Capital surplus 6,038 6,281
Retained earnings 14,584 15,672
Treasury stock, at cost (149,915,630 and 320,138,094 shares) (2,733) (5,844)
Accumulated other comprehensive income (loss) (3,470) (5,229)
Total equity 18,176 14,637
Total liabilities and equity $ 187,168 $ 188,281
[1] Total loans held for sale include Real estate — residential mortgage loans held for sale at fair value of $93 million at December 31, 2024, and $51 million at December 31, 2023