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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 3,147 $ 3,278
Other short-term investments [1] 33,399 1,950
Available-for-sale debt and other securities [2] 37,513 36,028
Held-to-maturity securities [3] 11 17
Trading debt securities 560 297
Equity securities 313 564
Loans and leases held for sale [4] 4,741 1,400
Portfolio loans and leases [1],[5] 108,782 109,558
Allowance for loan and lease losses [1] (2,453) (1,202)
Portfolio loans and leases, net 106,329 108,356
Bank premises and equipment [6] 2,088 1,995
Operating lease equipment 777 848
Goodwill 4,258 4,252
Intangible assets 139 201
Servicing rights 656 993
Other assets [1] 10,749 9,190
Total Assets 204,680 169,369
Deposits:    
Noninterest-bearing deposits 57,711 35,968
Interest-bearing deposits [7] 101,370 91,094
Total deposits 159,081 127,062
Federal funds purchased 300 260
Other short-term borrowings 1,192 1,011
Accrued taxes, interest and expenses 2,614 2,441
Other liabilities [1] 3,409 2,422
Long-term debt [1] 14,973 14,970
Total Liabilities 181,569 148,166
Equity    
Common stock [8] 2,051 2,051
Preferred stock [9] 2,116 1,770
Capital surplus 3,635 3,599
Retained earnings 18,384 18,315
Accumulated other comprehensive income 2,601 1,192
Treasury stock [8] (5,676) (5,724)
Total Equity 23,111 21,203
Total Liabilities and Equity $ 204,680 $ 169,369
[1] Includes $55 and $74 of other short-term investments, $756 and $1,354 of portfolio loans and leases, $(7) and $(7) of ALLL, $5 and $8 of other assets, $2 and $2 of other liabilities and $656 and $1,253 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2020 and 2019, respectively. For further information, refer to Note 13.
[2] Amortized cost of $34,982 and $34,966 at December 31, 2020 and 2019, respectively.
[3] Fair value of $11 and $17 at December 31, 2020 and 2019, respectively.
[4] Includes $1,481 and $1,264 of residential mortgage loans held for sale measured at fair value at December 31, 2020 and 2019, respectively.
[5] Includes $161 and $183 of residential mortgage loans measured at fair value at December 31, 2020 and 2019, respectively.
[6] Includes $35 and $27 of bank premises and equipment held for sale at December 31, 2020 and 2019, respectively. For further information, refer to Note 8.
[7] Includes $351 of interest checking deposits held for sale at December 31, 2020.
[8] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at December 31, 2020 – 712,760,325 (excludes 211,132,256 treasury shares), 2019 – 708,915,629 (excludes 214,976,952 treasury shares).
[9] 500,000 shares of no par value preferred stock were authorized at both December 31, 2020 and 2019. There were 422,000 and 436,000 unissued shares of undesignated no par value preferred stock at December 31, 2020 and 2019, respectively. 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 December 31, 2020 and 2019. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both December 31, 2020 and 2019. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.