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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income $ 1,560 $ 1,706 $ 1,483
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (benefit from) loan and lease losses 343 396 315
Depreciation, amortization and accretion 453 441 414
Stock-based compensation expense 111 100 83
(Benefit from) provision for deferred income taxes (148) (71) 79
Securities gains, net (7) (5) (21)
(Recovery of) provision for MSR impairment (7) (4) 65
Net gains on sales of loans and fair value adjustments on loans held for sale (101) (98) (67)
Net losses on disposition and impairment of bank premises and equipment (13) (101) (19)
Gain on sale of certain retail branch operations (19) 0 0
Net losses on disposition and impairment of operating lease equipment (9) (33) 0
Gain on sale of Vantiv, Inc. shares 0 (331) (125)
Gain on the TRA associated with Vantiv, Inc. (197) (31) (23)
Proceeds from sales of loans held for sale 6,895 5,102 5,477
Loans originated for sale, net of repayments (7,014) (5,142) (4,874)
Dividends representing return on equity method investments 28 25 42
Net change in:      
Trading securities (23) (34) (16)
Other assets 351 94 (221)
Accrued taxes, interest and expenses (157) 327 1
Other liabilities 24 (191) (555)
Net Cash Provided by (Used in) Operating Activities 2,114 2,418 2,076
Proceeds from sales:      
Available-for-sale and other securities 18,280 16,828 5,234
Loans 360 741 147
Bank premises and equipment 82 37 24
Proceeds from repayments / maturities:      
Available-for-sale and other securities 3,776 2,865 2,265
Held-to-maturity securities 44 117 20
Purchases:      
Available-for-sale and other securities (24,636) (26,733) (10,691)
Bank premises and equipment (186) (164) (216)
Proceeds from sale and dividends representing return of equity method investments 64 458 279
Net cash paid on sale of certain retail branch operations (219) 0 0
Net change in:      
Other short-term investments (83) 5,243 (2,798)
Loans and leases (243) (3,238) (3,136)
Operating lease equipment (126) (85) (66)
Net Cash (Used in) Provided by Investing Activities (2,887) (3,931) (8,938)
Net change in:      
Deposits 1,146 1,493 2,437
Federal funds purchased (19) 7 (140)
Other short-term borrowings 2,028 (49) 176
Dividends paid on common stock (402) (422) (423)
Dividends paid on preferred stock (52) (75) (67)
Proceeds from issuance of long-term debt 3,735 3,091 6,570
Repayment of long-term debt (5,119) (2,205) (1,399)
Repurchase of treasury stock and related forward contract 661 850 654
Issuance of preferred stock 0 0 297
Other (31) (28) (22)
Net Cash Provided by Financing Activities 625 962 6,775
Increase (Decrease) in Cash and Due from Banks (148) (551) (87)
Cash and Due from Banks at Beginning of Period 2,540 [1] 3,091 3,178
Cash and Due from Banks at End of Period $ 2,392 [1] $ 2,540 [1] $ 3,091
[1]

Includes $ 85 and $ 152 of cash and due from banks, $ 1,216 and $ 2,537 of portfolio loans and leases, $ (26) and $ (28) of ALLL, $ 9 and $ 14 of other assets, $ 3 and $ 3 of other liabilities and $ 1,094 and $ 2,487 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2016 and 2015 , respectively. For further information, refer to Note 11.