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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net Income $ 1,403 $ 243
Adjustments to reconcile net income to net cash provided by operating activities:    
(Benefit from) provision for credit losses (288) 1,125
Depreciation, amortization and accretion 243 231
Stock-based compensation expense 79 77
Benefit from deferred income taxes (239) (48)
Securities gains, net (9) (6)
MSR fair value adjustment 50 448
Net gains on sales of loans and fair value adjustments on loans held for sale (176) (88)
Net losses on disposition and impairment of bank premises and equipment 1 15
Net losses (gains) on disposition and impairment of operating lease equipment 20 (5)
Proceeds from sales of loans held for sale 7,974 6,234
Loans originated or purchased for sale, net of repayments (8,899) (5,706)
Dividends representing return on equity investments 20 6
Net change in:    
Equity and trading debt securities (163) 68
Other assets 232 (529)
Accrued taxes, interest and expenses and other liabilities (125) (113)
Net Cash Provided by Operating Activities 123 1,952
Proceeds from sales:    
AFS securities and other investments 1,454 868
Loans and leases 436 57
Bank premises and equipment 17 12
Proceeds from repayments / maturities of AFS and HTM securities and other investments 2,948 1,252
Purchases:    
AFS securities and other investments (5,825) (2,815)
Bank premises and equipment (126) (133)
MSRs (109) (30)
Proceeds from settlement of BOLI 15 8
Proceeds from sales and dividends representing return of equity investments 29 8
Net change in:    
Other short-term investments 990 (26,293)
Portfolio loans and leases 582 (5,605)
Operating lease equipment (23) (20)
Net Cash Provided by (Used in) Investing Activities 388 (32,691)
Financing Activities    
Net change in deposits 3,202 29,884
Net change in other short-term borrowings and federal funds purchased 14 195
Dividends paid on common and preferred stock (444) (417)
Proceeds from issuance of long-term debt 44 2,511
Repayment of long-term debt (2,585) (1,450)
Repurchases of treasury stock and related forward contract (527) 0
Other (77) (41)
Net Cash (Used in) Provided by Financing Activities (373) 30,682
Increase (Decrease) in Cash and Due from Banks 138 (57)
Cash and Due from Banks at Beginning of Period 3,147 3,278
Cash and Due from Banks at End of Period $ 3,285 $ 3,221