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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Operating Activities:      
Net income $ 519 $ 634  
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income tax (benefit) (26) 8  
Amortization of other intangible assets 58 58 $ 234
Other non-cash adjustments for depreciation, amortization and accretion, net 359 274  
Losses (gains) related to investment securities, net 0 (2)  
Provision for credit losses (9) 36  
Change in trading account assets, net 29 42  
Change in accrued interest and fees receivable, net (197) (43)  
Change in collateral deposits, net 35 2,685  
Change in unrealized losses (gains) on foreign exchange derivatives, net (6,250) (3,090)  
Change in other assets, net (377) (891)  
Change in accrued expenses and other liabilities, net 2,000 4,179  
Other, net 127 149  
Net cash (used in) provided by operating activities (3,732) 4,039  
Investing Activities:      
Net (increase) decrease in interest-bearing deposits with banks 9,406 (78,770)  
Net (increase) decrease in securities purchased under resale agreements (2,132) 450  
Proceeds from sales of available-for-sale securities 5,168 1,657  
Proceeds from maturities of available-for-sale securities 5,004 4,219  
Purchases of available-for-sale securities (12,324) (8,935)  
Purchases of held-to-maturity securities under the MMLF program 0 (26,061)  
Proceeds from maturities of held-to-maturity securities under the MMLF program 3,099 451  
Proceeds from maturities of held-to-maturity securities 3,840 2,695  
Purchases of held-to-maturity securities (1,268) (2,141)  
Sale of loans 35 93  
Net (increase) in loans (3,695) (6,164)  
Business acquisitions, net of cash acquired (214) 0  
Purchases of equity investments and other long-term assets (34) (794)  
Purchases of premises and equipment, net (162) (114)  
Other, net 81 641  
Net cash provided by (used in) investing activities 6,804 (112,773)  
Financing Activities:      
Net (decrease) increase in time deposits (1,580) 18,635  
Net increase (decrease) in all other deposits 6,674 56,596  
Net (decrease) increase in securities sold under repurchase agreements (2,826) 4,271  
Net (decrease) increase in short-term borrowings under money market liquidity facility (3,102) 25,665  
Net (decrease) increase in other short-term borrowings (43) 3,996  
Proceeds from issuance of long-term debt, net of issuance costs 844 2,497  
Payments for long-term debt and obligations under finance leases (764) (8)  
Payments for redemption of preferred stock (500) (500)  
Repurchases of common stock (475) (515)  
Repurchases of common stock for employee tax withholding (6) (43)  
Payments for cash dividends (209) (230)  
Net cash (used in) provided by financing activities (1,987) 110,364  
Net increase 1,085 1,630  
Cash and due from banks at beginning of period 3,467 3,302 3,302
Cash and due from banks at end of period $ 4,552 $ 4,932 $ 3,467