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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net income (loss) $ 1,168 $ 497 [1] $ 1,202 [1]
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses (384) 537 74
Provision (benefit) for deferred income taxes 79 (82) 14
Depreciation and amortization 99 108 114
Net periodic defined benefit credit (81) (55) (35)
Share-based compensation expense 41 24 39
Net amortization of securities 36 15 2
Net securities losses 0 0 7
Net gains (losses) on sales of foreclosed property 0 (1) 1
Net change in accrued income receivable 13 25 17
Net change in accrued expenses payable 132 (29) (27)
Other, net (469) (111) (318)
Net cash provided by operating activities 634 928 1,090
INVESTING ACTIVITIES      
Maturities and redemptions of investment securities available-for-sale 5,536 3,350 2,262
Sales of investment securities available-for-sale 0 0 987
Purchases of investment securities available-for-sale (7,936) (5,804) (3,346)
Net change in loans 4,067 (2,136) (324)
Proceeds from sales of foreclosed property 8 5 1
Other, net (70) (79) (86)
Purchases of Federal Home Loan Bank stock 0 (51) (201)
Redemptions of Federal Home Loan Bank stock 115 92 201
Proceeds from bank-owned life insurance settlements 16 20 10
Other, net (13) 1 2
Net cash used in investing activities 1,723 (4,602) (494)
FINANCING ACTIVITIES      
Net change in deposits 8,438 15,554 1,711
Net change in short-term borrowings 0 (71) 27
Maturities of medium- and long-term debt (2,800) (1,675) (350)
Issuances and advances of medium- and long-term debt 0 0 1,050
Issuance of preferred stock 0 394 0
Preferred stock cash dividends paid (23) (8) 0
Repurchases of common stock (729) (199) (1,394)
Cash dividends paid on common stock (369) (375) (402)
Issuances of common stock under employee stock plans 34 4 18
Other, net 4 (1) 1
Net cash provided by (used in) financing activities 4,555 13,623 661
Net increase (decrease) in cash and cash equivalents 6,912 9,949 1,257
Cash and cash equivalents at beginning of period 15,767 5,818 4,561
Cash and cash equivalents at end of period 22,679 15,767 5,818
Interest paid 57 203 462
Income taxes paid 157 141 266
Noncash investing and financing activities:      
Loans transferred to other real estate $ 1 $ 1 $ 12
[1] See Defined Benefit Pension and Other Postretirement Costs in Note 1.