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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities:      
Net income $ 2,420 $ 2,242 $ 2,593
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income tax (benefit) (194) (130) (136)
Amortization of other intangible assets 234 236 226
Other non-cash adjustments for depreciation, amortization and accretion, net 1,276 1,101 977
Losses (gains) related to investment securities, net (4) 1 (6)
Provision for credit losses 88 10 15
Change in trading account assets, net 99 (54) 233
Change in accrued interest and fees receivable, net 127 (28) 26
Change in collateral deposits, net (2,951) 287 7,326
Change in unrealized losses (gains) on foreign exchange derivatives, net 3,652 2,034 (1,836)
Change in other assets, net (1,406) (713) (22)
Change in accrued expenses and other liabilities, net (170) 294 394
Other, net 361 410 385
Net cash provided by operating activities 3,532 5,690 10,175
Investing Activities:      
Net (increase) decrease in interest-bearing deposits with banks (47,995) 4,075 (5,813)
Net (increase) decrease in securities purchased under resale agreements (1,619) 3,192 (1,438)
Proceeds from sales of available-for-sale securities 2,645 5,642 26,082
Proceeds from maturities of available-for-sale securities 23,644 20,407 14,645
Purchases of available-for-sale securities (37,873) (38,164) (31,814)
Purchases of held-to-maturity securities under the MMLF program (29,242) 0 0
Proceeds from maturities of held-to-maturity securities under the MMLF program 25,984 0 0
Proceeds from maturities of held-to-maturity securities 15,179 10,390 6,296
Purchases of held-to-maturity securities (13,981) (6,938) (6,539)
Sale of loans 324 131 278
Net (increase) in loans and leases (1,939) (650) (2,739)
Business acquisitions, net of cash acquired 0 (54) (2,595)
Purchases of equity investments and other long-term assets (1,436) (647) (326)
Purchases of premises and equipment, net (560) (730) (609)
Other, net 1,335 720 76
Net cash (used in) by investing activities (65,534) (2,626) (4,496)
Financing Activities:      
Net (decrease) increase in time deposits (33,466) (11,255) 6,673
Net increase (decrease) in all other deposits 91,391 12,767 (11,209)
Net increase (decrease) in securities sold under repurchase agreements 2,311 20 (1,760)
Net (decrease) increase in other short-term borrowings (154) (2,253) 1,948
Net increase in short-term borrowings under money market liquidity facility 3,302 0 0
Proceeds from issuance of long-term debt, net of issuance costs 2,489 1,495 995
Payments for long-term debt and obligations under finance leases (1,724) (402) (1,461)
Payments for redemption of preferred stock (500) (750) 0
Proceeds from issuance of preferred stock, net of issuance costs 0 0 495
Proceeds from issuance of common stock, net of issuance costs 0 0 1,150
Repurchases of common stock (515) (1,585) (350)
Repurchases of common stock for employee tax withholding (78) (81) (124)
Payments for cash dividends (889) (930) (828)
Net cash provided by (used in) financing activities 62,167 (2,974) (4,471)
Net increase 165 90 1,208
Cash and due from banks at beginning of period 3,302 3,212 2,004
Cash and due from banks at end of period 3,467 3,302 3,212
Supplemental disclosure:      
Interest paid 375 1,382 981
Income taxes paid, net $ 403 $ 510 $ 549