Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information Statement of Income of Parent Company

STATEMENT OF INCOME - PARENT COMPANY

	Years Ended December 31,
(In millions)	2017			2016			2015
Cash dividends from consolidated banking subsidiary	$	2,224		$	640		$	585
Cash dividends from consolidated non-banking subsidiaries and unconsolidated entities	12			75			171
Other, net	127			92			73
Total revenue	2,363			807			829
Interest expense	297			249			209
Other expenses	94			107			310
Total expenses	391			356			519
Income tax benefit	(86		)	(47		)	(186		)
Income before equity in undistributed income of consolidated subsidiaries and unconsolidated entities	2,058			498			496
Equity in undistributed income of consolidated subsidiaries and unconsolidated entities:
Consolidated banking subsidiary	20			1,629			1,384
Consolidated non-banking subsidiaries and unconsolidated entities	99			16			100
Net income	$	2,177		$	2,143		$	1,980

Condensed Financial Information Statement of Condition of Parent Company

STATEMENT OF CONDITION - PARENT COMPANY

	December 31,
(In millions)	2017		2016
Assets:
Interest-bearing deposits with consolidated banking subsidiary	$	532	$	3,635
Trading account assets	361		325
Investment securities available-for-sale	43		39
Investments in subsidiaries:
Consolidated banking subsidiary	23,080		22,147
Consolidated non-banking subsidiaries	6,762		2,687
Unconsolidated entities	63		297
Notes and other receivables from:
Consolidated banking subsidiary	2,973		2,743
Consolidated non-banking subsidiaries and unconsolidated entities	143		126
Other assets	263		461
Total assets	$	34,220	$	32,460
Liabilities:
Accrued expenses and other liabilities	$	917	$	514
Long-term debt	10,986		10,727
Total liabilities	11,903		11,241
Shareholders’ equity	22,317		21,219
Total liabilities and shareholders’ equity	$	34,220	$	32,460

Condensed Financial Information Statement of Cash Flows of Parent Company

STATEMENT OF CASH FLOWS - PARENT COMPANY

	Years Ended December 31,
(In millions)	2017			2016			2015
Net cash provided by operating activities	$	2,047		$	417		$	926
Investing Activities:
Net decrease (increase) in interest-bearing deposits with consolidated banking subsidiary	3,103			2,100			295
Investments in consolidated banking and non-banking subsidiaries	(7,672		)	(7,600		)	(7,959		)
Sale or repayment of investment in consolidated banking and non-banking subsidiaries	4,216			6,703			7,891
Business acquisitions	—			(395		)	—
Net increase in investments in unconsolidated affiliates	172			—			—
Net cash provided by (used in) investing activities	(181		)	808			227
Financing Activities:
Net increase (decrease) in commercial paper	—			—			(2,485		)
Proceeds from issuance of long-term debt, net of issuance costs	748			1,492			2,983
Payments for long-term debt	(450		)	(1,000		)	—
Proceeds from issuance of preferred stock, net of issuance costs	—			493			742
Proceeds from exercises of common stock options	—			—			4
Purchases of common stock	(1,292		)	(1,365		)	(1,520		)
Repurchases of common stock for employee tax withholding	(104		)	(122		)	(222		)
Payments for cash dividends	(768		)	(723		)	(655		)
Net cash used in financing activities	(1,866		)	(1,225		)	(1,153		)
Net change	—			—			—
Cash and due from banks at beginning of year	—			—			—
Cash and due from banks at end of year	$	—		$	—		$	—