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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Jun. 30, 2024
Operating Activities:      
Net income $ 644 $ 463  
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income tax 18 8  
Amortization of other intangible assets 54 60 $ 230
Other non-cash adjustments for depreciation, amortization and accretion, net 34 121  
Provision for credit losses 12 27  
Change in trading account assets, net 25 13  
Change in accrued interest and fees receivable, net (247) (206)  
Change in collateral deposits, net (1,697) (575)  
Change in unrealized losses (gains) on foreign exchange derivatives, net 4,613 (4,251)  
Change in other assets, net (1,761) 1,176  
Change in accrued expenses and other liabilities, net 545 2,219  
Other, net 156 101  
Net cash provided by (used in) operating activities 2,396 (844)  
Investing Activities:      
Net increase in interest-bearing deposits with banks (6,507) (37,821)  
Net increase in securities purchased under resale agreements (1,291) (797)  
Proceeds from sales of available-for-sale securities 2,047 943  
Proceeds from maturities of available-for-sale securities 8,832 4,484  
Purchases of available-for-sale securities (18,449) (9,857)  
Proceeds from maturities of held-to-maturity securities 2,333 4,144  
Purchases of held-to-maturity securities 0 (3)  
Sale of loans 85 53  
Net increase in loans (1,281) (2,248)  
Business acquisitions, net of cash acquired 0 (12)  
Purchases of equity investments and other long-term assets (47) (31)  
Purchases of premises and equipment, net (226) (230)  
Other, net (103) 23  
Net cash (used in) investing activities (14,607) (41,352)  
Financing Activities:      
Net increase (decrease) in time deposits 2,663 (2,127)  
Net increase in all other deposits 7,469 33,044  
Net (decrease) increase in securities sold under repurchase agreements (157) 1,709  
Net increase in other short-term borrowings 2,010 7,881  
Proceeds from issuance of long-term debt, net of issuance costs 2,737 996  
Payments for long-term debt and obligations under finance leases (1,312) (12)  
Payments for redemption of preferred stock 0 (1,000)  
Proceeds from issuance of preferred stock, net of issuance costs 743 1,481  
Repurchases of common stock (100) (119)  
Repurchases of common stock for employee tax withholding (57) (42)  
Payments for cash dividends (266) (243)  
Other, net (6) (6)  
Net cash provided by financing activities 13,724 41,562  
Net increase (decrease) in cash and due from banks 1,513 (634)  
Cash and due from banks at beginning of period 3,145 4,047 $ 4,047
Cash and due from banks at end of period 4,658 3,413  
Supplemental disclosure:      
Interest paid 2,074 1,989  
Income taxes paid, net $ 186 $ 118