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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Operating Activities:              
Net income $ 763 $ 519 $ 694 $ 634 $ 1,282 $ 1,328  
Adjustments to reconcile net income to net cash provided by operating activities:              
Deferred income tax (benefit)         (15) 3  
Amortization of other intangible assets 63   58   121 116 $ 234
Other non-cash adjustments for depreciation, amortization and accretion, net         700 568  
Losses (gains) related to investment securities, net         0 (2)  
Provision for credit losses         (24) 88  
Change in trading account assets, net         94 31  
Change in accrued interest and fees receivable, net         (254) (3)  
Change in collateral deposits, net         (6,520) 166  
Change in unrealized losses (gains) on foreign exchange derivatives, net         (7,471) (789)  
Change in other assets, net         (1,444) (844)  
Change in accrued expenses and other liabilities, net         1,971 4,494  
Other, net         235 219  
Net cash (used in) provided by operating activities         (11,325) 5,375  
Investing Activities:              
Net (increase) decrease in interest-bearing deposits with banks         3,613 (21,234)  
Net (increase) decrease in securities purchased under resale agreements         (891) (2,539)  
Proceeds from sales of available-for-sale securities         6,854 2,086  
Proceeds from maturities of available-for-sale securities         11,090 10,147  
Purchases of available-for-sale securities         (28,565) (16,761)  
Purchases of held-to-maturity securities under the MMLF program         0 (29,242)  
Proceeds from maturities of held-to-maturity securities under the MMLF program         3,299 18,014  
Proceeds from maturities of held-to-maturity securities         7,886 6,041  
Purchases of held-to-maturity securities         (3,070) (4,185)  
Sale of loans         40 188  
Net (increase) in loans         (2,819) (551)  
Business acquisitions, net of cash acquired         (257) 0  
Divestitures         13 0  
Purchases of equity investments and other long-term assets         (106) (810)  
Purchases of premises and equipment, net         (359) (271)  
Other, net         184 822  
Net cash provided by (used in) investing activities         (3,088) (38,295)  
Financing Activities:              
Net (decrease) increase in time deposits         (1,542) (33,097)  
Net increase (decrease) in all other deposits         25,724 51,686  
Net (decrease) increase in securities sold under repurchase agreements         (2,756) 2,411  
Net (decrease) increase in short-term borrowings under money market liquidity facility         (3,302) 11,261  
Net (decrease) increase in other short-term borrowings         (51) 73  
Proceeds from issuance of long-term debt, net of issuance costs         844 2,497  
Payments for long-term debt and obligations under finance leases         (1,522) (16)  
Payments for redemption of preferred stock         (500) (500)  
Repurchases of common stock         (900) (515)  
Repurchases of common stock for employee tax withholding         (6) (52)  
Payments for cash dividends         (424) (445)  
Net cash (used in) provided by financing activities         15,565 33,303  
Net increase         1,152 383  
Cash and due from banks at beginning of period   $ 3,467   $ 3,302 3,467 3,302 3,302
Cash and due from banks at end of period $ 4,619   $ 3,685   $ 4,619 $ 3,685 $ 3,467