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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 1,326 $ 941
Short-term investments 15,536 10,817
Trading account assets 1,219 1,142
Securities available for sale 37,460 37,185
Held-to-maturity securities (fair value: $7,358 and $8,056) 7,968 8,575
Other investments 1,259 1,244
Loans, net of unearned income of $331 and $356 107,078 112,606
Less: Allowance for loan and lease losses (1,547) (1,508)
Net loans 105,531 111,098
Loans held for sale [1] 517 483
Premises and equipment 631 661
Goodwill 2,752 2,752
Other intangible assets 41 55
Corporate-owned life insurance 4,382 4,383
Accrued income and other assets 8,532 8,601
Discontinued assets 296 344
Total assets 187,450 188,281
Deposits in domestic offices:    
Interest-bearing deposits 117,570 114,859
Noninterest-bearing deposits 28,150 30,728
Total deposits 145,720 145,587
Federal funds purchased and securities sold under repurchase agreements 25 38
Bank notes and other short-term borrowings 5,292 3,053
Accrued expense and other liabilities 4,755 5,412
Long-term debt 16,869 19,554
Total liabilities 172,661 173,644
EQUITY    
Preferred stock 2,500 2,500
Common Shares, $1 par value; authorized 2,100,000,000 shares; issued 1,256,702,081 shares 1,257 1,257
Capital surplus 6,185 6,281
Retained earnings 15,706 15,672
Treasury stock, at cost (313,502,551 and 320,138,094 shares) (5,715) (5,844)
Accumulated other comprehensive income (loss) (5,144) (5,229)
Total equity 14,789 14,637
Total liabilities and equity $ 187,450 $ 188,281
[1] Total loans held for sale include real estate — residential mortgage loans held for sale at fair value of $91 million at June 30, 2024, and $51 million at December 31, 2023.