XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 2,837 $ 3,466
Other short-term investments [1] 18,923 8,351
Available-for-sale debt and other securities [2] 47,893 51,503
Held-to-maturity securities [3] 2 5
Trading debt securities 1,222 414
Equity securities 250 317
Loans and leases held for sale [4] 614 1,007
Portfolio loans and leases [1],[5] 120,088 121,480
Allowance for loan and lease losses [1] (2,340) (2,194)
Portfolio loans and leases, net 117,748 119,286
Bank premises and equipment [6] 2,303 2,187
Operating lease equipment 480 627
Goodwill 4,919 4,915
Intangible assets 136 169
Servicing rights 1,822 1,746
Other assets [1] 13,818 13,459
Total Assets 212,967 207,452
Deposits:    
Noninterest-bearing deposits 43,844 53,125
Interest-bearing deposits 123,828 110,565
Total deposits 167,672 163,690
Federal funds purchased 205 180
Other short-term borrowings 4,594 4,838
Accrued taxes, interest and expenses 1,834 1,822
Other liabilities [1] 5,808 5,881
Long-term debt [1] 16,310 13,714
Total Liabilities 196,423 190,125
Equity    
Common stock [7] 2,051 2,051
Preferred stock [8] 2,116 2,116
Capital surplus 3,733 3,684
Retained earnings 22,747 21,689
Accumulated other comprehensive loss (6,839) (5,110)
Treasury stock [7] (7,264) (7,103)
Total Equity 16,544 17,327
Total Liabilities and Equity $ 212,967 $ 207,452
[1] Includes $59 and $17 of other short-term investments, $1,728 and $185 of portfolio loans and leases, $(27) and $(2) of ALLL, $11 and $2 of other assets, $15 and $9 of other liabilities, and $1,553 and $118 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2023 and December 31, 2022, respectively. For further information, refer to Note 12.
[2] Amortized cost of $55,557 and $57,530 at September 30, 2023 and December 31, 2022, respectively.
[3] Fair value of $2 and $5 at September 30, 2023 and December 31, 2022, respectively.
[4] Includes $497 and $600 of residential mortgage loans held for sale measured at fair value at September 30, 2023 and December 31, 2022, respectively.
[5] Includes $113 and $123 of residential mortgage loans measured at fair value at September 30, 2023 and December 31, 2022, respectively.
[6] Includes $22 and $24 of bank premises and equipment held for sale at September 30, 2023 and December 31, 2022, respectively.
[7] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at September 30, 2023 – 680,989,701 (excludes 242,902,880 treasury shares), December 31, 2022 – 683,385,880 (excludes 240,506,701 treasury shares).
[8] 500,000 shares of no par value preferred stock were authorized at both September 30, 2023 and December 31, 2022. There were 422,000 unissued shares of undesignated no par value preferred stock at both September 30, 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 September 30, 2023 and December 31, 2022. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both September 30, 2023 and December 31, 2022. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.