XML 15 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 2,780 $ 3,466
Other short-term investments [1] 9,794 8,351
Available-for-sale debt and other securities [2] 50,719 51,503
Held-to-maturity securities [3] 2 5
Trading debt securities 1,174 414
Equity securities 323 317
Loans and leases held for sale [4] 749 1,007
Portfolio loans and leases 122,857 121,480
Allowance for loan and lease losses [1] (2,215) (2,194)
Portfolio loans and leases, net 120,642 119,286
Bank premises and equipment [5] 2,219 2,187
Operating lease equipment 578 627
Goodwill 4,915 4,915
Intangible assets 157 169
Servicing rights 1,725 1,746
Other assets [1] 12,880 13,459
Total Assets 208,657 207,452
Deposits:    
Noninterest-bearing deposits 49,649 53,125
Interest-bearing deposits 113,326 110,565
Total deposits 162,975 163,690
Federal funds purchased 177 180
Other short-term borrowings 7,364 4,838
Accrued taxes, interest and expenses 1,577 1,822
Other liabilities [1] 5,307 5,881
Long-term debt [1] 12,893 13,714
Total Liabilities 190,293 190,125
Equity    
Common stock [6] 2,051 2,051
Preferred stock [7] 2,116 2,116
Capital surplus 3,682 3,684
Retained earnings 22,032 21,689
Accumulated other comprehensive loss (4,245) (5,110)
Treasury stock [6] (7,272) (7,103)
Total Equity 18,364 17,327
Total Liabilities and Equity $ 208,657 $ 207,452
[1] Includes $5 and $17 of other short-term investments, $44 and $185 of portfolio loans and leases, $(1) and $(2) of ALLL, $0 and $2 of other assets, $9 and $9 of other liabilities, and $38 and $118 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2023 and December 31, 2022, respectively. For further information, refer to Note 12.
[2] Amortized cost of $55,958 and $57,530 at March 31, 2023 and December 31, 2022, respectively.
[3] Fair value of $2 and $5 at March 31, 2023 and December 31, 2022, respectively.
[4] Includes $599 and $600 of residential mortgage loans held for sale measured at fair value at March 31, 2023 and December 31, 2022, respectively.
[5] Includes $22 and $24 of bank premises and equipment held for sale at March 31, 2023 and December 31, 2022, respectively.
[6] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at March 31, 2023 – 680,536,608 (excludes 243,355,973 treasury shares), December 31, 2022 – 683,385,880 (excludes 240,506,701 treasury shares).
[7] 500,000 shares of no par value preferred stock were authorized at both March 31, 2023 and December 31, 2022. There were 422,000 unissued shares of undesignated no par value preferred stock at both March 31, 2023 and December 31, 2022. 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, 2023 and December 31, 2022. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both March 31, 2023 and December 31, 2022. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.