XML 43 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net (loss) income $ (65) $ 339
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Provision for credit losses 411 (13)
Benefit for deferred income taxes (73) (4)
Depreciation and amortization 26 29
Net periodic defined benefit credit (5) (7)
Share-based compensation expense 8 24
Net amortization of securities 1 0
Net securities losses 1 8
Net change in accrued income receivable 8 (20)
Net change in accrued expenses payable (12) (27)
Other, net 399 (289)
Net cash provided by operating activities 699 40
INVESTING ACTIVITIES    
Maturities and redemptions of investment securities available-for-sale 598 487
Sales of investment securities available-for-sale 0 987
Purchases of investment securities available-for-sale (920) (1,532)
Net change in loans (3,174) (151)
Net increase in premises and equipment (15) (16)
Purchases of Federal Home Loan Bank stock (31) (16)
Proceeds from bank-owned life insurance settlements 8 2
Net cash used in investing activities (3,534) (239)
FINANCING ACTIVITIES    
Net change in deposits (29) (1,586)
Net change in short-term borrowings 2,192 891
Issuances and advances of medium- and long-term debt 0 350
Repurchases of common stock (199) (443)
Cash dividends paid on common stock (95) (99)
Issuances of common stock under employee stock plans 3 6
Net cash provided by (used in) financing activities 1,872 (881)
Net decrease in cash and cash equivalents (963) (1,080)
Cash and cash equivalents at beginning of period 5,818 4,561
Cash and cash equivalents at end of period 4,855 3,481
Interest paid 102 98
Income tax paid $ 3 $ 12