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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net Income $ 1,056 $ 1,403
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (benefit from) credit losses 224 (288)
Depreciation, amortization and accretion 218 243
Stock-based compensation expense 107 79
Provision for (benefit from) deferred income taxes 6 (239)
Securities losses (gains), net 52 (9)
MSR fair value adjustment (169) 50
Net gains on sales of loans and fair value adjustments on loans held for sale (68) (176)
Net (gains) losses on disposition and impairment of bank premises and equipment and operating lease equipment (4) 21
Proceeds from sales of loans held for sale 6,463 7,974
Loans originated or purchased for sale, net of repayments (5,022) (8,899)
Dividends representing return on equity investments 17 20
Net change in:    
Equity and trading debt securities 215 (163)
Other assets 357 232
Accrued taxes, interest and expenses and other liabilities (807) (125)
Net Cash Provided by Operating Activities 2,645 123
Proceeds from sales:    
AFS securities and other investments 3,259 1,454
Loans and leases 94 436
Bank premises and equipment 1 17
Proceeds from repayments / maturities of AFS and HTM securities and other investments 2,776 2,948
Purchases:    
AFS securities and other investments (25,335) (5,825)
Bank premises and equipment (143) (126)
MSRs (191) (109)
Proceeds from settlement of BOLI 31 15
Proceeds from sales and dividends representing return of equity investments 45 29
Net cash received for divestitures 46 0
Net cash paid on acquisitions (918) 0
Net change in:    
Other short-term investments and federal funds sold 27,156 990
Portfolio loans and leases (6,155) 582
Operating lease equipment (39) (23)
Net Cash Provided by Investing Activities 627 388
Financing Activities    
Net change in deposits (8,151) 3,202
Net change in other short-term borrowings and federal funds purchased 6,507 14
Dividends paid on common and preferred stock (472) (444)
Proceeds from issuance of long-term debt 1,007 44
Repayment of long-term debt (1,642) (2,585)
Repurchases of treasury stock and related forward contract 0 (527)
Other (78) (77)
Net Cash Used in Financing Activities (2,829) (373)
Increase in Cash and Due from Banks 443 138
Cash and Due from Banks at Beginning of Period 2,994 3,147
Cash and Due from Banks at End of Period $ 3,437 $ 3,285