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Consolidated Statements Of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES    
Net income $ 597 $ 450
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 63 (1)
Benefit for deferred income taxes (15) (23)
Depreciation and amortization 42 46
Net periodic defined benefit credit (14) (45)
Share-based compensation expense 35 39
Net amortization of securities 10 18
Net gains on sales of foreclosed property and other repossessed assets 0 (2)
Accrued income receivable (74) (42)
Accrued expenses payable 48 (44)
Other, net (385) (748)
Net cash provided by (used in) operating activities 307 (352)
INVESTING ACTIVITIES    
Maturities and redemptions 1,684 1,454
Purchases 0 (7,141)
Net change in loans (2,361) (2,528)
Proceeds from sales of foreclosed property and other repossessed assets 0 2
Net increase in premises and equipment (54) (41)
Purchases (504) 0
Redemptions 79 0
Proceeds from bank-owned life insurance settlements 11 14
Other, net 0 1
Net cash used in investing activities (1,145) (8,239)
FINANCING ACTIVITIES    
Deposits (5,366) (6,346)
Short-term borrowings 6,347 0
Issuances and advances of medium- and long-term debt 4,000 0
Cash dividends paid on preferred stock (11) (11)
Repurchases (16) (40)
Cash dividends paid (182) (178)
Issuances under employee stock plans 7 21
Other, net 0 (1)
Net cash provided by (used in) financing activities 4,779 (6,555)
Net increase (decrease) in cash and cash equivalents 3,941 (15,146)
Cash and cash equivalents at beginning of period 6,282 22,679
Cash and cash equivalents at end of period 10,223 7,533
Interest paid 538 28
Income taxes paid $ 172 $ 102