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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 3,437 $ 2,994
Other short-term Investments [1] 7,419 34,572
Available-for-sale debt and other securities [2] 52,837 38,110
Held-to-maturity securities [3] 5 8
Trading debt securities 293 512
Equity securities 326 376
Loans and leases held for sale [4] 2,542 4,415
Portfolio loans and leases [1],[5] 118,823 112,050
Allowance for loan and lease losses [1] (2,014) (1,892)
Portfolio loans and leases, net 116,809 110,158
Bank premises and equipment [6] 2,118 2,120
Operating lease equipment 600 616
Goodwill 4,926 4,514
Intangible assets 194 156
Servicing rights 1,582 1,121
Other assets [1] 13,694 11,444
Total Assets 206,782 211,116
Deposits:    
Noninterest-bearing deposits 60,859 65,088
Interest-bearing deposits 100,315 104,236
Total deposits 161,174 169,324
Federal funds purchased 711 281
Other short-term borrowings 7,057 980
Accrued taxes, interest and expenses 1,683 2,233
Other liabilities [1] 6,197 4,267
Long-term debt [1] 10,990 11,821
Total Liabilities 187,812 188,906
Equity    
Common stock [7] 2,051 2,051
Preferred stock [8] 2,116 2,116
Capital surplus 3,636 3,624
Retained earnings 20,818 20,236
Accumulated other comprehensive (loss) income (2,644) 1,207
Treasury stock [7] (7,007) (7,024)
Total Equity 18,970 22,210
Total Liabilities and Equity $ 206,782 $ 211,116
[1] Includes $21 and $24 of other short-term investments, $267 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $10 and $1 of other liabilities, and $200 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.
[2] Amortized cost of $56,140 and $36,941 at June 30, 2022 and December 31, 2021, respectively.
[3] Fair value of $5 and $8 at June 30, 2022 and December 31, 2021, respectively.
[4] Includes $1,406 and $1,023 of residential mortgage loans held for sale measured at fair value at June 30, 2022 and December 31, 2021, respectively.
[5] Includes $133 and $154 of residential mortgage loans measured at fair value at June 30, 2022 and December 31, 2021, respectively.
[6] Includes $24 of bank premises and equipment held for sale at both June 30, 2022 and December 31, 2021.
[7] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at June 30, 2022 – 686,151,599 (excludes 237,740,982 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 June 30, 2022 and December 31, 2021. There were 422,000 unissued shares of undesignated no par value preferred stock at both June 30, 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 June 30, 2022 and December 31, 2021. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both June 30, 2022 and December 31, 2021. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.