Condensed MUFG Americas Holdings Corporation Unconsolidated Financial Statements (Parent Company)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed MUFG Americas Holdings Corporation Unconsolidated Financial Statements (Parent Company)

Condensed MUFG Americas Holdings Corporation Unconsolidated Financial Statements (Parent Company)

Condensed Balance Sheets

	December 31,
(Dollars in millions)	2018		2017
Assets
Cash and cash equivalents	$	739	$	1,341
Investments in and advances to subsidiaries
Bank subsidiary	18,493		19,598
Nonbank subsidiaries	4,618		4,314
Other assets	76		69
Total assets	$	23,926	$	25,322
Liabilities and Stockholders' Equity
Long-term debt	$	7,355	$	6,997
Other liabilities	63		70
Total liabilities	7,418		7,067
Stockholders' equity	16,508		18,255
Total liabilities and stockholders' equity	$	23,926	$	25,322

Condensed Statements of Income

	Years Ended December 31,
(Dollars in millions)	2018			2017			2016
Income:
Dividends from subsidiaries:
Bank subsidiary	$	1,700		$	320		$	—
Nonbank subsidiaries	95			51			—
Interest income on advances to subsidiaries and deposits in bank	137			79			22
Rental Income	15			15			16
Total income	1,947			465			38
Expense:
Interest expense	194			144			75
Other expense	17			14			19
Total expense	211			158			94
Income (loss) before income taxes and equity in undistributed net income of subsidiaries	1,736			307			(56		)
Income tax benefit	(13		)	(20		)	(22		)
Income (loss) before equity in undistributed net income of subsidiaries	1,749			327			(34		)
Equity in undistributed net income of subsidiaries less dividends received:
Bank subsidiary	(697		)	366			900
Nonbank subsidiaries	21			384			124
Net Income	$	1,073		$	1,077		$	990

Condensed Statements of Cash Flows

	Years Ended December 31,
(Dollars in millions)	2018			2017			2016
Cash Flows from Operating Activities:
Net income	$	1,073		$	1,077		$	990
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed net income of subsidiaries less dividends received	676			(750		)	(1,024		)
Other, net	(9		)	2			—
Net cash provided by (used in) operating activities	1,740			329			(34		)
Cash Flows from Investing Activities:
Investments in and advances to subsidiaries	(2,612		)	(5,050		)	(1,197		)
Repayment of investments in and advances to subsidiaries	2,411			1,495			1,820
Net cash used in investing activities	(201		)	(3,555		)	623
Cash Flows from Financing Activities:
Proceeds from advances from subsidiaries	—			200			—
Repayment of advances from subsidiaries	—			(200		)	—
Proceeds from issuance of long-term debt	6,500			3,525			545
Repayment of long-term debt	(6,145		)	—			—
Dividends paid	—			(500		)	—
Share repurchase	(2,496		)	—			—
Other, net	—			—			1
Net cash provided by (used in) financing activities	(2,141		)	3,025			546
Net increase (decrease) in cash and cash equivalents	(602		)	(201		)	1,135
Cash and cash equivalents at beginning of year	1,341			1,542			407
Cash and cash equivalents at end of year	$	739		$	1,341		$	1,542