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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 3,049 $ 2,994
Other short-term Investments [1] 20,529 34,572
Available-for-sale debt and other securities [2] 48,832 38,110
Held-to-maturity securities [3] 6 8
Trading debt securities 324 512
Equity securities 358 376
Loans and leases held for sale [4] 2,616 4,415
Portfolio loans and leases [1],[5] 115,865 112,050
Allowance for loan and lease losses [1] (1,908) (1,892)
Portfolio loans and leases, net 113,957 110,158
Bank premises and equipment [6] 2,102 2,120
Operating lease equipment 622 616
Goodwill 4,514 4,514
Intangible assets 145 156
Servicing rights 1,444 1,121
Other assets [1] 12,961 11,444
Total Assets 211,459 211,116
Deposits:    
Noninterest-bearing deposits 65,590 65,088
Interest-bearing deposits 105,021 104,236
Total deposits 170,611 169,324
Federal funds purchased 250 281
Other short-term borrowings 872 980
Accrued taxes, interest and expenses 1,471 2,233
Other liabilities [1] 7,263 4,267
Long-term debt [1] 10,815 11,821
Total Liabilities 191,282 188,906
Equity    
Common stock [7] 2,051 2,051
Preferred stock [8] 2,116 2,116
Capital surplus 3,615 3,624
Retained earnings 20,501 20,236
Accumulated other comprehensive (loss) income (1,096) 1,207
Treasury stock [7] (7,010) (7,024)
Total Equity 20,177 22,210
Total Liabilities and Equity $ 211,459 $ 211,116
[1] Includes $24 and $24 of other short-term investments, $266 and $322 of portfolio loans and leases, $(2) and $(2) of ALLL, $2 and $2 of other assets, an immaterial amount and $1 of other liabilities, and $209 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2022 and December 31, 2021, respectively. For further information, refer to Note 11.
[2] Amortized cost of $50,171 and $36,941 at March 31, 2022 and December 31, 2021, respectively.
[3] Fair value of $6 and $8 at March 31, 2022 and December 31, 2021, respectively.
[4] Includes $858 and $1,023 of residential mortgage loans held for sale measured at fair value at March 31, 2022 and December 31, 2021, respectively.
[5] Includes $145 and $154 of residential mortgage loans measured at fair value at March 31, 2022 and December 31, 2021, respectively.
[6] Includes $25 and $24 of bank premises and equipment held for sale at March 31, 2022 and December 31, 2021, respectively.
[7] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at March 31, 2022 – 685,905,240 (excludes 237,987,341 treasury shares), December 31, 2021 – 682,777,664 (excludes 241,114,917 treasury shares).
[8] 500,000 shares of no par value preferred stock were authorized at both March 31, 2022 and December 31, 2021. There were 422,000 unissued shares of undesignated no par value preferred stock at both March 31, 2022 and December 31, 2021. 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 March 31, 2022 and December 31, 2021. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both March 31, 2022 and December 31, 2021. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.