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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Operating Activities:              
Net income $ 730 $ 463 $ 422 $ 549 $ 1,904 $ 1,734  
Adjustments to reconcile net income to net cash provided by operating activities:              
Deferred income tax         57 8  
Amortization of other intangible assets 56   60   176 180 $ 239
Other non-cash adjustments for depreciation, amortization and accretion, net         310 511  
Losses related to investment securities, net         80 294  
Provision for credit losses 26   0   63 26  
Change in trading account assets, net         (29) (75)  
Change in accrued interest and fees receivable, net         (351) (440)  
Change in collateral deposits, net         (9,843) (2,187)  
Change in unrealized losses (gains) on foreign exchange derivatives, net         178 (2,748)  
Change in other assets, net         183 (338)  
Change in accrued expenses and other liabilities, net         1,324 (504)  
Other, net         168 47  
Net cash (used in) operating activities         (5,780) (3,492)  
Investing Activities:              
Net (increase) decrease in interest-bearing deposits with banks         (17,456) 24,837  
Net (increase) decrease in securities purchased under resale agreements         (1,642) 3,399  
Proceeds from sales of available-for-sale securities 6,930       8,405 4,567  
Proceeds from maturities of available-for-sale securities         13,280 11,870  
Purchases of available-for-sale securities         (32,386) (17,243)  
Proceeds from maturities of held-to-maturity securities         7,718 4,414  
Purchases of held-to-maturity securities         (5) (1,579)  
Sale of loans         223 465  
Net increase in loans         (5,506) (3,807)  
Business acquisitions, net of cash acquired         (194) 0  
Purchases of equity investments and other long-term assets         (104) 0  
Purchases of premises and equipment, net         (677) (487)  
Other, net         (97) 130  
Net cash (used in) provided by investing activities         (28,441) 26,566  
Financing Activities:              
Net (decrease) increase in time deposits         (4,646) 3,273  
Net increase (decrease) in all other deposits         31,105 (25,729)  
Net increase in securities sold under repurchase agreements         252 1,920  
Net increase (decrease) in other short-term borrowings         6,358 (2,089)  
Proceeds from issuance of long-term debt, net of issuance costs         1,992 4,729  
Payments for long-term debt and obligations under finance leases         (35) (1,037)  
Payments for redemption of preferred stock         (1,500) 0  
Proceeds from issuance of preferred stock, net of issuance costs         2,323 0  
Repurchases of common stock         (769) (3,300)  
Repurchases of common stock for employee tax withholding         (68) (83)  
Payments for cash dividends         (755) (719)  
Other, net         (16) 0  
Net cash provided by (used in) financing activities         34,241 (23,035)  
Net increase in cash and due from banks         20 39  
Cash and due from banks at beginning of period   $ 4,047   $ 3,970 4,047 3,970 3,970
Cash and due from banks at end of period $ 4,067   $ 4,009   4,067 4,009 $ 4,047
Supplemental disclosure:              
Interest paid         6,593 4,320  
Income taxes paid, net         $ 345 $ 258