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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Unaudited - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net income $ 1,685 $ 1,166 [1],[2],[3]
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (benefit from) loan and lease losses 193 289 [2],[3]
Depreciation, amortization and accretion 255 341 [2]
Stock-based compensation expense 95 86 [2]
Provision for (benefit from) deferred income taxes (97) 27 [2]
Securities gains, net (2) (12) [2]
Securities gains, net - non-qualifying hedges on mortgage servicing rights (4) 0 [2]
MSR Fair Value Adjustment [4] 104 0 [2]
Provision for MSR impairment [4] 0 125 [2]
Net gains on sales of loans and fair value adjustments on loans held for sale (82) (79) [2]
Net losses (gains) on disposition and impairment of bank premises and equipment (3) (14) [2]
Gain on sales of certain retail branch operations 0 (19) [2]
Net losses on disposition and impairment of operating lease equipment (18) (9) [2]
Gain on sale of Vantiv, Inc. shares (1,037) 0 [2]
Gain on the TRA associated with Vantiv, Inc. 0 (164) [2]
Proceeds from sales of loans held for sale 4,741 4,633 [2]
Loans originated for sale, net of repayments (4,608) (5,001) [2]
Dividends representing return on equity method investments 29 21 [2]
Net change in:    
Trading securities (430) (42) [2]
Other assets 129 192 [2]
Accrued taxes, interest and expenses 288 (338) [2]
Other liabilities (44) (48) [2]
Net Cash Provided by (Used in) Operating Activities 1,236 1,200 [2]
Proceeds from sales:    
Available-for-sale securities 7,484 14,691 [2]
Loans 105 214 [2]
Bank premises and equipment 25 72 [2]
Proceeds from repayments / maturities:    
Available-for-sale securities 1,799 2,487 [2]
Held-to-maturity securities 1 13 [2]
Purchases:    
Available-for-sale securities (8,849) (17,884) [2]
Bank premises and equipment (155) (148) [2]
MSRs (109) 0 [2]
Proceeds from sale and dividends representing return of equity method investments 1,358 49 [2]
Net cash paid on sales of certain retail branch operations 0 (219) [2]
Net cash paid on acquisitions (12) 0 [2]
Net change in:    
Other short-term investments (544) (324) [2]
Loans and leases (191) (1,022) [2]
Operating lease equipment (6) (136) [2]
Net Cash Provided by (Used in) Investing Activities 906 (2,207) [2]
Net change in:    
Deposits (2,369) (1,404) [2]
Federal funds purchased (14) (25) [2]
Other short-term borrowings 2,153 1,987 [2]
Dividends paid on common stock (339) (303) [2]
Dividends paid on preferred stock (38) (52) [2]
Proceeds from issuance of long-term debt 1,444 3,735 [2]
Repayment of long-term debt (1,794) (2,777) [2]
Repurchase of treasury stock and related forward contract 1,332 506 [2]
Other (40) (24) [2]
Net Cash Provided by (Used in) Financing Activities (2,329) 631 [2]
Increase (Decrease) in Cash and Due from Banks (187) (376) [2]
Cash and Due from Banks at Beginning of Period [5] 2,392 2,540
Cash and Due from Banks at End of Period $ 2,205 [5] $ 2,164
[1]

Net tax deficiencies of $6 million were reclassified from capital surplus to applicable income tax expense for the nine months ended September 30, 2016, related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an e ffective date of January 1, 2016.

[2]

Net tax deficiencies of $ 6 were reclassified from capital surplus to applicable income tax expense for the nine months ended September 30, 2016, related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016.

[3]

Net tax deficiencies of $ 6 were reclassified from capital surplus to applicable income tax expense for the nine months ended September 30, 2016 , related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016

[4]

(a) Included in mortgage banking net revenue in the Condensed Consolidated Statements of Income.

[5]

Includes $ 116 and $ 85 of cash and due from banks, $ 1,532 and $ 1,216 of portfolio loans and leases , $ (8) and $ (26) of ALLL, $ 9 and $ 9 of other assets, $ 3 and $ 3 of other liabilities , and $ 1,491 and $ 1,094 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2017 and December 31, 2016 , respectively. For further information refer to Note 11 .