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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Operating Activities:              
Net income $ 747 $ 604 $ 763 $ 519 $ 1,351 $ 1,282  
Adjustments to reconcile net income to net cash provided by operating activities:              
Deferred income tax (benefit)         57 (15)  
Amortization of other intangible assets 60   63   121 121 $ 245
Other non-cash adjustments for depreciation, amortization and accretion, net         420 700  
Losses (gains) related to investment securities, net         2 0  
Provision for credit losses 10   (15)   10 (24)  
Change in trading account assets, net         30 94  
Change in accrued interest and fees receivable, net         (125) (254)  
Change in collateral deposits, net         1,859 (6,520)  
Change in unrealized losses (gains) on foreign exchange derivatives, net         (5,277) (7,471)  
Change in other assets, net         (435) (1,444)  
Change in accrued expenses and other liabilities, net         2,177 1,971  
Other, net         261 235  
Net cash provided by operating activities         451 (11,325)  
Investing Activities:              
Net decrease in interest-bearing deposits with banks         14,999 3,613  
Net (increase) in securities purchased under resale agreements         (2,192) (891)  
Proceeds from sales of available-for-sale securities         4,492 6,854  
Proceeds from maturities of available-for-sale securities         10,177 11,090  
Purchases of available-for-sale securities         (13,899) (28,565)  
Proceeds from maturities of held-to-maturity securities under the MMLF program         0 3,299  
Proceeds from maturities of held-to-maturity securities         5,921 7,886  
Purchases of held-to-maturity securities         (4,402) (3,070)  
Sale of loans         1,565 40  
Net (increase) in loans         (2,985) (2,819)  
Business acquisitions, net of cash acquired         0 (257)  
Divestitures         0 13  
Purchases of equity investments and other long-term assets         (167) (106)  
Purchases of premises and equipment, net         (320) (359)  
Other, net         57 184  
Net cash provided by (used in) investing activities         13,246 (3,088)  
Financing Activities:              
Net (decrease) in time deposits         (1,238) (1,542)  
Net (decrease) increase in all other deposits         (11,884) 25,724  
Net (decrease) in securities sold under repurchase agreements         (624) (2,756)  
Net (decrease) in short-term borrowings under money market liquidity facility         0 (3,302)  
Net (decrease) in other short-term borrowings         (55) (51)  
Proceeds from issuance of long-term debt, net of issuance costs         1,989 844  
Payments for long-term debt and obligations under finance leases         (1,527) (1,522)  
Payments for redemption of preferred stock         0 (500)  
Repurchases of common stock         0 (900)  
Repurchases of common stock for employee tax withholding         0 (6)  
Payments for cash dividends         (474) (424)  
Net cash (used in) provided by financing activities         (13,813) 15,565  
Net (decrease) increase         (116) 1,152  
Cash and due from banks at beginning of period   $ 3,631   $ 3,467 3,631 3,467 3,467
Cash and due from banks at end of period $ 3,515   $ 4,619   $ 3,515 $ 4,619 $ 3,631