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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Other short-term investments [1] $ 9,794 $ 8,351
Portfolio loans and leases 122,857 121,480
Allowance for loan and lease losses [1] (2,215) (2,194)
Other assets [1] 12,880 13,459
Other liabilities [1] 5,307 5,881
Long-term debt [1] 12,893 13,714
Available-for-sale debt and other securities, amortized cost 55,958 57,530
Held-to-maturity securities 2 5
Bank premises and equipment held for sale $ 22 $ 24
Common stock, par value (in dollars per share) $ 2.22 $ 2.22
Common stock, shares authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, outstanding (in shares) 680,536,608 683,385,880
Treasury stock, common (in shares) 243,355,973 240,506,701
Preferred stock, authorized (in shares) 500,000 500,000
Preferred stock, unissued (in shares) 422,000 422,000
Preferred stock, liquidation preference per share (in dollars per share) $ 25,000 $ 25,000
Preferred Class B    
Preferred stock, authorized (in shares) 500,000 500,000
Preferred stock, unissued (in shares) 300,000 300,000
Preferred stock, liquidation preference per share (in dollars per share) $ 1,000 $ 1,000
Residential Mortgage    
Allowance for loan and lease losses $ (185) $ (245)
Loans held for sale 599 600
Loans measured at FV 128 123
Variable Interest Entity, Primary Beneficiary | Automobile And Solar Loan    
Other short-term investments 5 17
Portfolio loans and leases 44 185
Allowance for loan and lease losses (1) (2)
Other assets 0 2
Other liabilities 9 9
Long-term debt $ 38 $ 118
[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.