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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 3,068 $ 2,994
Other short-term Investments [1] 6,594 34,572
Available-for-sale debt and other securities [2] 51,289 38,110
Held-to-maturity securities [3] 5 8
Trading debt securities 414 512
Equity securities 315 376
Loans and leases held for sale [4] 1,940 4,415
Portfolio loans and leases [1],[5] 119,999 112,050
Allowance for loan and lease losses [1] (2,099) (1,892)
Portfolio loans and leases, net 117,900 110,158
Bank premises and equipment [6] 2,155 2,120
Operating lease equipment 612 616
Goodwill 4,925 4,514
Intangible assets 181 156
Servicing rights 1,732 1,121
Other assets [1] 14,333 11,444
Total Assets 205,463 211,116
Deposits:    
Noninterest-bearing deposits 57,601 65,088
Interest-bearing deposits 104,051 104,236
Total deposits 161,652 169,324
Federal funds purchased 212 281
Other short-term borrowings 6,378 980
Accrued taxes, interest and expenses 1,589 2,233
Other liabilities [1] 7,184 4,267
Long-term debt [1] 11,712 11,821
Total Liabilities 188,727 188,906
Equity    
Common stock [7] 2,051 2,051
Preferred stock [8] 2,116 2,116
Capital surplus 3,660 3,624
Retained earnings 21,219 20,236
Accumulated other comprehensive (loss) income (5,306) 1,207
Treasury stock [7] (7,004) (7,024)
Total Equity 16,736 22,210
Total Liabilities and Equity $ 205,463 $ 211,116
[1] Includes $19 and $24 of other short-term investments, $223 and $322 of portfolio loans and leases, $(3) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities, and $156 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2022 and December 31, 2021, respectively. For further information, refer to Note 12.
[2] Amortized cost of $57,372 and $36,941 at September 30, 2022 and December 31, 2021, respectively.
[3] Fair value of $5 and $8 at September 30, 2022 and December 31, 2021, respectively.
[4] Includes $1,107 and $1,023 of residential mortgage loans held for sale measured at fair value at September 30, 2022 and December 31, 2021, respectively.
[5] Includes $125 and $154 of residential mortgage loans measured at fair value at September 30, 2022 and December 31, 2021, respectively.
[6] Includes $24 of bank premises and equipment held for sale at both September 30, 2022 and December 31, 2021.
[7] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at September 30, 2022 – 686,343,370 (excludes 237,549,211 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 September 30, 2022 and December 31, 2021. There were 422,000 unissued shares of undesignated no par value preferred stock at both September 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 September 30, 2022 and December 31, 2021. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both September 30, 2022 and December 31, 2021. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.