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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Operating Activities:      
Net income $ 634 $ 508  
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income tax expense (benefit) 8 (35)  
Amortization of other intangible assets 58 60 $ 236
Other non-cash adjustments for depreciation, amortization and accretion, net 274 244  
Losses (gains) related to investment securities, net (2) 1  
Change in trading account assets, net 42 4  
Change in accrued interest and fees receivable, net (43) (74)  
Change in collateral deposits, net 2,685 (1,527)  
Change in unrealized losses (gains) on foreign exchange derivatives, net (3,090) (63)  
Change in other assets, net (891) (816)  
Change in accrued expenses and other liabilities, net 4,179 976  
Other, net 185 143  
Net cash provided by operating activities 4,039 (579)  
Investing Activities:      
Net decrease (increase) in interest-bearing deposits with banks (78,770) 19,176  
Net decrease (increase) in securities purchased under resale agreements 450 3,157  
Proceeds from sales of available-for-sale securities 1,657 152  
Proceeds from maturities of available-for-sale securities 4,219 3,959  
Purchases of available-for-sale securities (8,935) (7,408)  
Purchases of held-to-maturity securities under the MMLF program (26,061) 0  
Proceeds from maturities of held-to-maturity securities under the MMLF program 451 0  
Proceeds from maturities of held-to-maturity securities 2,695 2,606  
Purchases of held-to-maturity securities (2,141) (2,348)  
Net (increase) in loans (6,071)    
Net (increase) in loans   2,409  
Business acquisitions, net of cash acquired 0 (54)  
Purchases of equity investments and other long-term assets (794) (71)  
Purchases of premises and equipment, net (114) (171)  
Other, net 641 264  
Net cash (used in) provided by investing activities (112,773) 21,671  
Financing Activities:      
Net (decrease) increase in time deposits 18,635 (5,876)  
Net increase (decrease) in all other deposits 56,596 (12,013)  
Net increase in short-term borrowings under money market liquidity facility 25,665 0  
Net (decrease) increase in other short-term borrowings 8,267    
Net (decrease) increase in other short-term borrowings   (1,807)  
Proceeds from issuance of long-term debt, net of issuance costs 2,497 0  
Payments for long-term debt and obligations under finance leases (8) (31)  
Payments for redemption of preferred stock (500) 0  
Repurchases of common stock (515) (300)  
Repurchases of common stock for employee tax withholding (43) (43)  
Payments for cash dividends (230) (234)  
Net cash (used in) financing activities 110,364 (20,304)  
Net increase 1,630 788  
Cash and due from banks at beginning of period 3,302 3,212 3,212
Cash and due from banks at end of period $ 4,932 $ 4,000 $ 3,302