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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 3,221 $ 3,278
Other short-term Investments [1] 28,243 1,950
Available-for-sale debt and other securities [2] 38,599 36,028
Held-to-maturity securities [3] 16 17
Trading debt securities 526 297
Equity securities 273 564
Loans and leases held for sale [4] 912 1,400
Portfolio loans and leases [1],[5] 115,053 109,558
Allowance for loan and lease losses [1] (2,696) (1,202)
Portfolio loans and leases, net 112,357 108,356
Bank premises and equipment [6] 2,053 1,995
Operating lease equipment 809 848
Goodwill 4,261 4,252
Intangible assets 171 201
Servicing rights 676 993
Other assets [1] 10,789 9,190
Total Assets 202,906 169,369
Deposits:    
Noninterest-bearing deposits 49,359 35,968
Interest-bearing deposits 107,587 91,094
Total deposits 156,946 127,062
Federal funds purchased 262 260
Other short-term borrowings 1,285 1,011
Accrued taxes, interest and expenses 2,582 2,441
Other liabilities [1] 3,169 2,422
Long-term debt [1] 16,327 14,970
Total Liabilities 180,571 148,166
Equity    
Common stock [7] 2,051 2,051
Preferred stock [8] 1,770 1,770
Capital surplus 3,603 3,599
Retained earnings 17,643 18,315
Accumulated other comprehensive income 2,951 1,192
Treasury stock [7] (5,683) (5,724)
Total Equity 22,335 21,203
Total Liabilities and Equity $ 202,906 $ 169,369
[1] Includes $66 and $74 of other short-term investments, $1,032 and $1,354 of portfolio loans and leases, $(14) and $(7) of ALLL, $7 and $8 of other assets, $2 and $2 of other liabilities, and $933 and $1,253 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2020 and December 31, 2019, respectively. For further information refer to Note 13.
[2] Amortized cost of $35,780 and $34,966 at June 30, 2020 and December 31, 2019, respectively.
[3] Fair value of $16 and $17 at June 30, 2020 and December 31, 2019, respectively.
[4] Includes $840 and $1,264 of residential mortgage loans held for sale measured at fair value and $15 and $0 of commercial loans held for sale measured at fair value at June 30, 2020 and December 31, 2019, respectively.
[5] Includes $185 and $183 of residential mortgage loans measured at fair value at June 30, 2020 and December 31, 2019, respectively.
[6] Includes $53 and $27 of bank premises and equipment held for sale at June 30, 2020 and December 31, 2019, respectively.
[7] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at June 30, 2020 – 712,202,207 (excludes 211,690,374 treasury shares), December 31, 2019 – 708,915,629 (excludes 214,976,952 treasury shares).
[8] (h)500,000 shares of no par value preferred stock were authorized at both June 30, 2020 and December 31, 2019. There were 436,000 unissued shares of undesignated no par value preferred stock at both June 30, 2020 and December 31, 2019. Each issued share of no par value preferred stock has a liquidation preference of $25,000. 500,000 shares of no par value Class B preferred stock were authorized at both June 30, 2020 and December 31, 2019. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both June 30, 2020 and December 31, 2019. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.