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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 3,213 $ 3,147
Other short-term Investments [1] 34,203 33,399
Available-for-sale debt and other securities [2] 37,870 37,513
Held-to-maturity securities [3] 8 11
Trading debt securities 685 560
Equity securities 329 313
Loans and leases held for sale [4] 5,203 4,741
Portfolio loans and leases [1],[5] 107,911 108,782
Allowance for loan and lease losses [1] (1,954) (2,453)
Portfolio loans and leases, net 105,957 106,329
Bank premises and equipment [6] 2,101 2,088
Operating lease equipment 647 777
Goodwill 4,514 4,258
Intangible assets 169 139
Servicing rights 943 656
Other assets [1] 11,889 10,749
Total Assets 207,731 204,680
Deposits:    
Noninterest-bearing deposits 63,879 57,711
Interest-bearing deposits [7] 101,229 101,370
Total deposits 165,108 159,081
Federal funds purchased 309 300
Other short-term borrowings 949 1,192
Accrued taxes, interest and expenses 2,083 2,614
Other liabilities [1] 5,339 3,409
Long-term debt [1] 11,419 14,973
Total Liabilities 185,207 181,569
Equity    
Common stock [8] 2,051 2,051
Preferred stock [9] 2,116 2,116
Capital surplus 3,611 3,635
Retained earnings 19,817 18,384
Accumulated other comprehensive income 1,637 2,601
Treasury stock [8] (6,708) (5,676)
Total Equity 22,524 23,111
Total Liabilities and Equity $ 207,731 $ 204,680
[1] Includes $27 and $55 of other short-term investments, $383 and $756 of portfolio loans and leases, $(3) and $(7) of ALLL, $2 and $5 of other assets, $1 and $2 of other liabilities, and $325 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2021 and December 31, 2020, respectively. For further information, refer to Note 12.
[2] Amortized cost of $36,308 and $34,982 at September 30, 2021 and December 31, 2020, respectively.
[3] Fair value of $8 and $11 at September 30, 2021 and December 31, 2020, respectively.
[4] Includes $1,532 and $1,481 of residential mortgage loans held for sale measured at fair value at September 30, 2021 and December 31, 2020, respectively.
[5] Includes $156 and $161 of residential mortgage loans measured at fair value at September 30, 2021 and December 31, 2020, respectively.
[6] Includes $25 and $35 of bank premises and equipment held for sale at September 30, 2021 and December 31, 2020, respectively.
[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 September 30, 2021 – 689,790,194 (excludes 234,102,387 treasury shares), December 31, 2020 – 712,760,325 (excludes 211,132,256 treasury shares).
[9] 500,000 shares of no par value preferred stock were authorized at both September 30, 2021 and December 31, 2020. There were 422,000 unissued shares of undesignated no par value preferred stock at both September 30, 2021 and December 31, 2020. 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 September 30, 2021 and December 31, 2020. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both September 30, 2021 and December 31, 2020. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.