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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income $ 1,151 $ 1,168 $ 497
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 60 (384) 537
(Benefit) provision for deferred income taxes (27) 79 (82)
Depreciation and amortization 92 99 108
Net periodic defined benefit credit (91) (81) (55)
Share-based compensation expense 60 41 24
Net amortization of securities 30 36 15
Net gains on sales of foreclosed property (2) 0 (1)
Net change in accrued income receivable (152) 13 25
Net change in accrued expenses payable 131 132 (29)
Other, net (614) (469) (111)
Net cash provided by operating activities 638 634 928
INVESTING ACTIVITIES      
Maturities and redemptions of investment securities available-for-sale 2,511 5,536 3,350
Purchases of investment securities available-for-sale (7,470) (7,936) (5,804)
Net change in loans (4,824) 4,067 (2,136)
Proceeds from sales of foreclosed property 3 8 5
Net increase in premises and equipment (82) (70) (79)
Purchases of Federal Home Loan Bank stock (131) 0 (51)
Redemptions of Federal Home Loan Bank stock 0 115 92
Proceeds from bank-owned life insurance settlements 39 16 20
Other, net 2 (13) 1
Net cash (used in) provided by investing activities (9,952) 1,723 (4,602)
FINANCING ACTIVITIES      
Net change in deposits (10,401) 8,438 15,554
Net change in short-term borrowings 3,211 0 (71)
Maturities and redemptions of medium- and long-term debt 0 (2,800) (1,675)
Issuances and advances of medium- and long-term debt 500 0 0
Issuance of preferred stock 0 0 394
Cash dividends paid on preferred stock (23) (23) (8)
Repurchases of common stock (43) (729) (199)
Cash dividends paid on common stock (353) (369) (375)
Issuances of common stock under employee stock plans 28 34 4
Other, net (2) 4 (1)
Net cash (used in) provided by financing activities (7,083) 4,555 13,623
Net (decrease) increase in cash and cash equivalents (16,397) 6,912 9,949
Cash and cash equivalents at beginning of period 22,679 15,767 5,818
Cash and cash equivalents at end of period 6,282 22,679 15,767
Interest paid 130 57 203
Income taxes paid $ 277 $ 157 $ 141