XML 186 R64.htm IDEA: XBRL DOCUMENT v2.4.0.6
Parent Company Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2011
Condensed Statements of Income (Parent Company Only)
($ in millions)        
Condensed Statements of Income (Parent Company Only)        
For the years ended December 31,   201120102009
Income        
Dividends from subsidiaries:        
 Bank subsidiaries(a) $0 0 0 
 Nonbank subsidiaries  1,677 1,400 0 
Interest on loans to subsidiaries  29 33 39 
Total income  1,706 1,433 39 
          
Expenses        
Interest  216 188 222 
Other  25 26 20 
Total expenses  241 214 242 
          
Income (Loss) Before Income Taxes and Change in Undistributed        
 Earnings of Subsidiaries  1,465 1,219 (203) 
Applicable income tax benefit  79 64 71 
Income (Loss) Before Change in Undistributed Earnings of Subsidiaries  1,544 1,283 (132) 
(Decrease) Increase in undistributed earnings  (247) (530) 869 
Net Income $1,297 753 737 

( a) The Bancorp's indirect banking subsidiary paid dividends, to the Bancorp's direct non-bank subsidiary holding company of $2.0 billion, $1.4 billion, and $0 for the years ended 2011, 2010, 2009, respectively.
Condensed Balance Sheets (Parent Company Only)
($ in millions)      
Condensed Balance Sheets (Parent Company Only)      
As of December 31  20112010
Assets      
Cash $50 60 
Short-term investments  3,588 2,953 
Loans to subsidiaries:      
 Bank subsidiaries  0 250 
 Nonbank subsidiaries  1,032 1,271 
Total loans to subsidiaries  1,032 1,521 
Investment in subsidiaries      
 Nonbank subsidiaries  15,631 15,622 
Total investment in subsidiaries  15,631 15,622 
Goodwill  80 80 
Other assets  731 545 
Total Assets $21,112 20,781 
Liabilities      
Other short-term borrowings  655 414 
Accrued expenses and other liabilities  422 356 
Long-term debt (external)  6,784 5,960 
Total Liabilities  7,861 6,730 
Bancorp Shareholders' Equity  13,251 14,051 
Total Liabilities and Bancorp Shareholders' Equity $21,112 20,781 
Condensed Statements of Cash Flows (Parent Company Only)
($ in millions)        
Condensed Statements of Cash Flows (Parent Company Only)        
For the years ended December 31  201120102009
Operating Activities        
Net income $1,297 753 737 
Adjustments to reconcile net income to net cash provided by operating activities:        
 Provision for deferred income taxes  (3) (2) 2 
 Decrease (Increase) in undistributed earnings  247 530 (869) 
Net change in:        
 Other assets  39 (6) 83 
 Accrued expenses and other liabilities  3 (339) 591 
Other, net  0 (11) (6) 
Net Cash Provided by Operating Activities  1,583 925 538 
Investing Activities        
Capital contributions to subsidiaries        
 Bank subsidiaries  0 0 (1,600) 
Net change in:        
 Short-term investments  (635) (603) 1,158 
 Loans to subsidiaries  489 (161) (117) 
Net Cash Used in Investing Activities  (146) (764) (559) 
Financing Activities        
Net change in other short-term borrowings  241 134 (503) 
Proceeds from issuance of long-term debt  1,000 0 0 
Repayment of long-term debt  (400) 0 (31) 
Dividends paid on common shares  (192) (32) (27) 
Dividends paid on preferred shares  (50) (205) (220) 
Issuance of common shares  1,648 0 987 
Redemption of Series F preferred shares and related warrants  (3,688) 0 (269) 
Dividends on exchange of preferred shares, Series G  0 0 35 
Other, net  (6) 0 (10) 
Net Cash Used in Financing Activities  (1,447) (103) (38) 
Net (Decrease) Increase in Cash  (10) 58 (59) 
Cash at Beginning of Year  60 2 61 
Cash at End of Year $50 60 2