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Consolidated Statement of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Operating Activities:              
Net income $ 763,000,000 $ 549,000,000 $ 747,000,000 $ 604,000,000 $ 1,312,000,000 $ 1,351,000,000  
Adjustments to reconcile net income to net cash provided by operating activities:              
Deferred income tax         16,000,000 57,000,000  
Amortization of other intangible assets 60,000,000   60,000,000   120,000,000 121,000,000 $ 238,000,000
Other non-cash adjustments for depreciation, amortization and accretion, net         348,000,000 420,000,000  
Losses related to investment securities, net         0 2,000,000  
Provision for credit losses (18,000,000)   10,000,000   26,000,000 10,000,000  
Change in trading account assets, net         (65,000,000) 30,000,000  
Change in accrued interest and fees receivable, net         (298,000,000) (125,000,000)  
Change in collateral deposits, net         (3,257,000,000) 1,859,000,000  
Change in unrealized (gains) losses on foreign exchange derivatives, net         (991,000,000) (5,277,000,000)  
Change in other assets, net         (691,000,000) (435,000,000)  
Change in accrued expenses and other liabilities, net         (360,000,000) 2,177,000,000  
Other, net         126,000,000 261,000,000  
Net cash provided by operating activities         (3,714,000,000) 451,000,000  
Investing Activities:              
Net decrease in interest-bearing deposits with banks         15,545,000,000 14,999,000,000  
Net decrease (increase) in securities purchased under resale agreements         3,547,000,000 (2,192,000,000)  
Proceeds from sales of available-for-sale securities         694,000,000 4,492,000,000  
Proceeds from maturities of available-for-sale securities         7,494,000,000 10,177,000,000  
Purchases of available-for-sale securities         (10,208,000,000) (13,899,000,000)  
Proceeds from maturities of held-to-maturity securities         2,957,000,000 5,921,000,000  
Purchases of held-to-maturity securities         (1,577,000,000) (4,402,000,000)  
Sale of loans         390,000,000 1,565,000,000  
Net (increase) in loans         (2,210,000,000) (2,985,000,000)  
Purchases of equity investments and other long-term assets         0 (167,000,000)  
Purchases of premises and equipment, net         (352,000,000) (320,000,000)  
Other, net         118,000,000 57,000,000  
Net cash provided by (used in) investing activities         16,398,000,000 13,246,000,000  
Financing Activities:              
Net increase (decrease) in time deposits         1,243,000,000 (1,238,000,000)  
Net decrease in all other deposits         (14,388,000,000) (11,884,000,000)  
Net increase (decrease) in securities sold under repurchase agreements         3,117,000,000 (624,000,000)  
Net decrease in short-term borrowings         (2,044,000,000) (55,000,000)  
Proceeds from issuance of long-term debt, net of issuance costs         3,235,000,000 1,989,000,000  
Payments for long-term debt and obligations under finance leases         (1,024,000,000) (1,527,000,000)  
Repurchases of common stock         (2,300,000,000) 0  
Repurchases of common stock for employee tax withholding         (71,000,000) 0  
Payments for cash dividends         (492,000,000) (474,000,000)  
Net cash (used in) provided by financing activities         (12,724,000,000) (13,813,000,000)  
Net decrease in cash and due from banks         (40,000,000) (116,000,000)  
Cash and due from banks at beginning of period   $ 3,970,000,000   $ 3,631,000,000 3,970,000,000 3,631,000,000 3,631,000,000
Cash and due from banks at end of period $ 3,930,000,000   $ 3,515,000,000   3,930,000,000 3,515,000,000 $ 3,970,000,000
Supplemental disclosure:              
Interest paid         2,742,000,000 103,000,000  
Income taxes paid, net         $ 215,000,000 $ 344,000,000