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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities:      
Net income $ 2,774 $ 2,693 $ 2,420
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income tax (benefit) (62) (162) (194)
Amortization of other intangible assets 238 245 234
Other non-cash adjustments for depreciation, amortization and accretion, net 918 1,312 1,276
Losses (gains) related to investment securities, net 2 (57) (4)
Provision for credit losses 20 (33) 88
Change in trading account assets, net 108 57 99
Change in accrued interest and fees receivable, net (156) (173) 127
Change in collateral deposits, net 7,821 (7,662) (2,951)
Change in unrealized losses (gains) on foreign exchange derivatives, net (1,125) (3,448) 3,652
Change in other assets, net 421 691 (1,406)
Change in accrued expenses and other liabilities, net 557 (574) (170)
Other, net 438 401 361
Net cash provided by (used in) operating activities 11,954 (6,710) 3,532
Investing Activities:      
Net decrease (increase) in interest-bearing deposits with banks 4,765 10,602 (47,995)
Net (increase) decrease in securities purchased under resale agreements (2,203) 94 (1,619)
Proceeds from sales of available-for-sale securities 4,590 12,822 2,645
Proceeds from maturities of available-for-sale securities 17,254 23,484 23,644
Purchases of available-for-sale securities (18,029) (53,750) (37,873)
Purchases of held-to-maturity securities under the MMLF program 0 0 (29,242)
Proceeds from maturities of held-to-maturity securities under the MMLF program 0 3,299 25,984
Proceeds from maturities of held-to-maturity securities 9,817 15,586 15,179
Purchases of held-to-maturity securities (8,564) (8,583) (13,981)
Sale of loans 1,786 172 324
Net (increase) in loans (1,667) (4,779) (1,939)
Business acquisitions, net of cash acquired 0 (346) 0
Divestitures 0 13 0
Purchases of equity investments and other long-term assets (250) (216) (1,436)
Purchases of premises and equipment, net (734) (811) (560)
Other, net 51 241 1,335
Net cash provided by (used in) investing activities 6,816 (2,172) (65,534)
Financing Activities:      
Net increase (decrease) in time deposits 1,673 (363) (33,466)
Net (decrease) increase in all other deposits (21,244) 15,611 91,391
Net (decrease) increase in securities sold under repurchase agreements (398) (1,838) 2,311
Net (decrease) increase in short-term borrowings under money market liquidity facility 0 (3,302) 3,302
Net increase (decrease) in other short-term borrowings 1,969 (557) (154)
Proceeds from issuance of long-term debt, net of issuance costs 3,731 1,343 2,489
Payments for long-term debt and obligations under finance leases (1,567) (1,443) (1,724)
Payments for redemption of preferred stock 0 (500) (500)
Proceeds from issuance of common stock, net of issuance costs 0 1,900 0
Repurchases of common stock (1,500) (900) (515)
Repurchases of common stock for employee tax withholding (123) (39) (78)
Payments for cash dividends (972) (866) (889)
Net cash (used in) provided by financing activities (18,431) 9,046 62,167
Net increase 339 164 165
Cash and due from banks at beginning of period 3,631 3,467 3,302
Cash and due from banks at end of period 3,970 3,631 3,467
Supplemental disclosure:      
Interest paid 1,354 37 375
Income taxes paid, net $ 436 $ 559 $ 403