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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income $ 189 $ 350
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (11) (182)
(Benefit) provision for deferred income taxes (2) 39
Depreciation and amortization 23 25
Net periodic defined benefit credit (22) (20)
Share-based compensation expense 28 22
Net amortization of securities 10 8
Net change in accrued income receivable (1) (5)
Net change in accrued expenses payable (93) 26
Other, net (831) (104)
Net cash (used in) provided by operating activities (710) 159
INVESTING ACTIVITIES    
Maturities and redemptions of investments securities available-for-sale 806 992
Purchases of investment securities available-for-sale (3,605) (1,750)
Net change in loans (391) 1,685
Net increase in premises and equipment (17) (18)
Redemptions of Federal Home Loan Bank stock 0 115
Proceeds from bank-owned life insurance settlements 8 5
Other, net 2 (21)
Net cash (used in) provided by investing activities (3,197) 1,008
FINANCING ACTIVITIES    
Net change in deposits (5,104) 824
Maturities and redemptions of medium- and long-term debt 0 (2,800)
Preferred stock cash dividends paid (6) (6)
Repurchases of common stock (39) (8)
Cash dividends paid on common stock (89) (95)
Issuances of common stock under employee stock plans 18 10
Other, net (2) 12
Net cash used in financing activities (5,222) (2,063)
Net decrease in cash and cash equivalents (9,129) (896)
Cash and cash equivalents at beginning of period 22,679 15,767
Cash and cash equivalents at end of period 13,550 14,871
Interest paid 16 20
Income taxes paid $ 5 $ 1