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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 2,994 $ 3,147
Other short-term investments [1] 34,572 33,399
Available-for-sale debt and other securities [2] 38,110 37,513
Held-to-maturity securities [3] 8 11
Trading debt securities 512 560
Equity securities 376 313
Loans and leases held for sale [4] 4,415 4,741
Total portfolio loans and leases [1],[5] 112,050 108,782
Allowance for loan and lease losses [1] (1,892) (2,453)
Portfolio loans and leases, net 110,158 106,329
Bank premises and equipment [6] 2,120 2,088
Operating lease equipment 616 777
Goodwill 4,514 4,258
Intangible assets 156 139
Servicing rights 1,121 656
Other assets [1] 11,444 10,749
Total Assets 211,116 204,680
Deposits:    
Noninterest-bearing deposits 65,088 57,711
Interest-bearing deposits [7] 104,236 101,370
Total deposits 169,324 159,081
Federal funds purchased 281 300
Other short-term borrowings 980 1,192
Accrued taxes, interest and expenses 2,233 2,614
Other liabilities [1] 4,267 3,409
Long-term debt [1] 11,821 14,973
Total Liabilities 188,906 181,569
Equity    
Common stock [8] 2,051 2,051
Preferred stock [9] 2,116 2,116
Capital surplus 3,624 3,635
Retained earnings 20,236 18,384
Accumulated other comprehensive income 1,207 2,601
Treasury stock [8] (7,024) (5,676)
Total Equity 22,210 23,111
Total Liabilities and Equity $ 211,116 $ 204,680
[1] Includes $24 and $55 of other short-term investments, $322 and $756 of portfolio loans and leases, $(2) and $(7) of ALLL, $2 and $5 of other assets, $1 and $2 of other liabilities and $263 and $656 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2021 and 2020, respectively. For further information, refer to Note 12.
[2] Amortized cost of $36,941 and $34,982 at December 31, 2021 and 2020, respectively.
[3] Fair value of $8 and $11 at December 31, 2021 and 2020, respectively.
[4] Includes $1,023 and $1,481 of residential mortgage loans held for sale measured at fair value at December 31, 2021 and 2020, respectively.
[5] Includes $154 and $161 of residential mortgage loans measured at fair value at December 31, 2021 and 2020, respectively.
[6] Includes $24 and $35 of bank premises and equipment held for sale at December 31, 2021 and 2020, respectively. For further information, refer to Note 7.
[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, 2021 – 682,777,664 (excludes 241,114,917 treasury shares), 2020 – 712,760,325 (excludes 211,132,256 treasury shares).
[9] 500,000 shares of no par value preferred stock were authorized at both December 31, 2021 and 2020. There were 422,000 unissued shares of undesignated no par value preferred stock at both December 31, 2021 and 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 December 31, 2021 and 2020. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both December 31, 2021 and 2020. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.