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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net Income $ 558 $ 494
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 164 45
Depreciation, amortization and accretion 117 109
Stock-based compensation expense 76 79
(Benefit from) provision for deferred income taxes (42) 19
Securities (gains) losses , net (5) 18
MSR fair value adjustment 53 (137)
Net gains on sales of loans and fair value adjustments on loans held for sale (18) (8)
Net gains on disposition and impairment of bank premises and equipment and operating lease equipment (1) (3)
Proceeds from sales of loans held for sale 1,335 3,398
Loans originated or purchased for sale, net of repayments (1,071) (2,001)
Dividends representing return on equity investments 16 11
Net change in:    
Equity and trading debt securities (133) 186
Other assets 514 287
Accrued taxes, interest and expenses and other liabilities (242) (810)
Net Cash Provided by Operating Activities 1,321 1,687
Proceeds from sales:    
AFS securities and other investments 2,054 993
Loans and leases 0 43
Bank premises and equipment 3 0
Proceeds from repayments / maturities of AFS and HTM securities and other investments 608 1,438
Purchases:    
AFS securities and other investments (2,045) (14,423)
Bank premises and equipment (113) (63)
MSRs (16) (139)
Proceeds from settlement of BOLI 8 19
Proceeds from sales and dividends representing return of equity investments 14 8
Net change in:    
Other short-term investments (1,443) 14,043
Portfolio loans and leases (1,452) (3,504)
Operating lease equipment 19 (32)
Net Cash Used in Investing Activities (2,363) (1,617)
Financing Activities    
Net change in deposits (715) 1,287
Net change in other short-term borrowings and federal funds purchased 2,523 (139)
Dividends paid on common and preferred stock (294) (230)
Proceeds from issuance of long-term debt 6 12
Repayment of long-term debt (917) (870)
Repurchases of treasury stock and related forward contract (200) 0
Other (47) (75)
Net Cash Provided by (Used in) Financing Activities 356 (15)
(Decrease) Increase in Cash and Due from Banks (686) 55
Cash and Due from Banks at Beginning of Period 3,466 2,994
Cash and Due from Banks at End of Period $ 2,780 $ 3,049