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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:      
Net income $ 2,693 $ 2,420 $ 2,242
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income tax (benefit) (162) (194) (130)
Amortization of other intangible assets 245 234 236
Other non-cash adjustments for depreciation, amortization and accretion, net 1,312 1,276 1,101
Losses (gains) related to investment securities, net (57) (4) 1
Provision for credit losses (33) 88 10
Change in trading account assets, net 57 99 (54)
Change in accrued interest and fees receivable, net (173) 127 (28)
Change in collateral deposits, net (7,662) (2,951) 287
Change in unrealized losses (gains) on foreign exchange derivatives, net (3,448) 3,652 2,034
Change in other assets, net 691 (1,406) (713)
Change in accrued expenses and other liabilities, net (574) (170) 294
Other, net 401 361 410
Net cash (used in) provided by operating activities (6,710) 3,532 5,690
Investing Activities:      
Net (increase) decrease in interest-bearing deposits with banks 10,602 (47,995) 4,075
Net (increase) decrease in securities purchased under resale agreements 94 (1,619) 3,192
Proceeds from sales of available-for-sale securities 12,822 2,645 5,642
Proceeds from maturities of available-for-sale securities 23,484 23,644 20,407
Purchases of available-for-sale securities (53,750) (37,873) (38,164)
Purchases of held-to-maturity securities under the MMLF program 0 (29,242) 0
Proceeds from maturities of held-to-maturity securities under the MMLF program 3,299 25,984 0
Proceeds from maturities of held-to-maturity securities 15,586 15,179 10,390
Purchases of held-to-maturity securities (8,583) (13,981) (6,938)
Sale of loans 172 324 131
Net (increase) in loans (4,779) (1,939) (650)
Business acquisitions, net of cash acquired (346) 0 (54)
Divestitures 13 0 0
Purchases of equity investments and other long-term assets (216) (1,436) (647)
Purchases of premises and equipment, net (811) (560) (730)
Other, net 241 1,335 720
Net cash provided by (used in) investing activities (2,172) (65,534) (2,626)
Financing Activities:      
Net (decrease) in time deposits (363) (33,466) (11,255)
Net increase in all other deposits 15,611 91,391 12,767
Net (decrease) increase in securities sold under repurchase agreements (1,838) 2,311 20
Net (decrease) increase in short-term borrowings under money market liquidity facility (3,302) 3,302 0
Net (decrease) in other short-term borrowings (557) (154) (2,253)
Proceeds from issuance of long-term debt, net of issuance costs 1,343 2,489 1,495
Payments for long-term debt and obligations under finance leases (1,443) (1,724) (402)
Payments for redemption of preferred stock (500) (500) (750)
Proceeds from issuance of common stock, net of issuance costs 1,900 0 0
Repurchases of common stock (900) (515) (1,585)
Repurchases of common stock for employee tax withholding (39) (78) (81)
Payments for cash dividends (866) (889) (930)
Net cash provided by (used in) financing activities 9,046 62,167 (2,974)
Net increase 164 165 90
Cash and due from banks at beginning of period 3,467 3,302 3,212
Cash and due from banks at end of period 3,631 3,467 3,302
Supplemental disclosure:      
Interest paid 37 375 1,382
Income taxes paid, net $ 559 $ 403 $ 510