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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 3,466 $ 2,994
Other short-term investments [1] 8,351 34,572
Available-for-sale debt and other securities [2] 51,503 38,110
Held-to-maturity securities [3] 5 8
Trading debt securities 414 512
Equity securities 317 376
Loans and leases held for sale [4] 1,007 4,415
Total portfolio loans and leases [1],[5] 121,480 112,050
Allowance for loan and lease losses [1] (2,194) (1,892)
Portfolio loans and leases, net 119,286 110,158
Bank premises and equipment [6] 2,187 2,120
Operating lease equipment 627 616
Goodwill 4,915 4,514
Intangible assets 169 156
Servicing rights 1,746 1,121
Other assets [1] 13,459 11,444
Total Assets 207,452 211,116
Deposits:    
Noninterest-bearing deposits 53,125 65,088
Interest-bearing deposits 110,565 104,236
Total deposits 163,690 169,324
Federal funds purchased 180 281
Other short-term borrowings 4,838 980
Accrued taxes, interest and expenses 1,822 2,233
Other liabilities [1] 5,881 4,267
Long-term debt [1] 13,714 11,821
Total Liabilities 190,125 188,906
Equity    
Common stock [7] 2,051 2,051
Preferred stock [8] 2,116 2,116
Capital surplus 3,684 3,624
Retained earnings 21,689 20,236
Accumulated other comprehensive (loss) income (5,110) 1,207
Treasury stock [7] (7,103) (7,024)
Total Equity 17,327 22,210
Total Liabilities and Equity $ 207,452 $ 211,116
[1] Includes $17 and $24 of other short-term investments, $185 and $322 of portfolio loans and leases, $(2) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities and $118 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2022 and 2021, respectively. For further information, refer to Note 12.
[2] Amortized cost of $57,530 and $36,941 at December 31, 2022 and 2021, respectively.
[3] Fair value of $5 and $8 at December 31, 2022 and 2021, respectively.
[4] Includes $600 and $1,023 of residential mortgage loans held for sale measured at fair value at December 31, 2022 and 2021, respectively.
[5] Includes $123 and $154 of residential mortgage loans measured at fair value at December 31, 2022 and 2021, respectively.
[6] Includes $24 of bank premises and equipment held for sale at both December 31, 2022 and 2021. For further information, refer to Note 7.
[7] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at December 31, 2022 – 683,385,880 (excludes 240,506,701 treasury shares), 2021 – 682,777,664 (excludes 241,114,917 treasury shares).
[8] 500,000 shares of no par value preferred stock were authorized at both December 31, 2022 and 2021. There were 422,000 unissued shares of undesignated no par value preferred stock at both December 31, 2022 and 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 December 31, 2022 and 2021. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both December 31, 2022 and 2021. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.