XML 40 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:      
Net income $ 3,237 $ 3,257 $ 2,415
Adjustments to reconcile net income to net cash from operating activities:      
Provision for credit losses 615 566 547
Depreciation 466 424 408
Loss (gain) on early extinguishment of debt 0 0 392
Amortization of intangibles 164 131 142
Equity-based compensation expense 165 141 132
(Gain) loss on securities, net 116 (3) 1
Net change in operating assets and liabilities:      
LHFS (1,895) 188 618
Pension asset (1,815) 99 (266)
Increase (Decrease) in Other Noncurrent Assets (368) (242) (115)
Other assets and other liabilities 67 (118) 251
Other, net 32 (578) (120)
Net cash from operating activities 1,520 4,349 4,635
Cash Flows From Investing Activities:      
Proceeds from sales of AFS securities 36,780 383 4,934
Proceeds from maturities, calls and paydowns of AFS securities 4,797 3,674 4,800
Purchases of AFS securities (42,646) (4,722) (7,397)
Proceeds from maturities, calls and paydowns of HTM securities 2,499 2,442 2,580
Purchases of HTM securities 0 (39) (8,965)
Originations and purchases of loans and leases, net of sales and principal collected 656 (6,266) (1,230)
Net cash received (paid) for mergers, acquisitions and divestitures 6,256 (296) 0
Other, net 6 (139) (132)
Net cash from investing activities 8,348 (4,963) (5,410)
Cash Flows From Financing Activities:      
Net change in deposits 2,917 3,838 (2,842)
Net change in short-term borrowings 6,293 240 3,532
Proceeds from issuance of long-term debt 7,084 2,769 8,883
Repayment of long-term debt (9,265) (2,533) (7,453)
Repurchase of common stock 0 (1,205) (1,613)
Net proceeds from preferred stock issued 1,683 0 0
Redemption of preferred stock (1,725) 0 0
Cash dividends paid on common stock (1,309) (1,204) (1,005)
Cash dividends paid on preferred stock (150) (174) (174)
Other, net (175) (229) 123
Net cash from financing activities 5,353 1,502 (549)
Net Change in Cash and Cash Equivalents 15,221 888 (1,324)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 3,844 2,956 4,280
Cash, Cash Equivalents and Restricted Cash at End of Period 19,065 3,844 2,956
Supplemental Disclosure of Cash Flow Information:      
Net cash paid (received) during the period for interest expense 1,921 1,408 819
Net cash paid (received) during the period for income taxes 443 99 429
Noncash investing activities:      
Transfers of loans to foreclosed assets 255 247 260
Transfer of loans HFI to LHFS 7,434 77 1,050
Stock issued in business combinations 33,546 0 0
Debt Securities, Held-to-maturity, Transfer, Amount $ 18,022 $ 0 $ 0