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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income $ 2,512 $ 2,193 $ 2,180
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 471 207 261
Depreciation, amortization and accretion 472 360 341
Stock-based compensation expense 132 127 118
(Benefit from) provision for deferred income taxes (246) 30 (252)
Securities (gains) losses, net (47) 54 (3)
Securities (gains) losses, net - non-qualifying hedges on mortgage servicing rights (3) 15 (2)
MSR fair value adjustment 376 83 122
Net gains on sales of loans and fair value adjustments on loans held for sale (137) (71) (108)
Net losses on disposition and impairment of bank premises and equipment 23 43 0
Net losses (gains) on disposition and impairment of operating lease equipment 1 (6) 39
Gain related to Vantiv Inc.'s acquisition of Worldpay Group plc. 0 (414) 0
Proceeds from Sale of Equity Method Investments (562) (205) (1,037)
Gain on the TRA associated with Worldpay, Inc. (346) (20) (44)
Proceeds from sales of loans held for sale 8,157 5,199 6,453
Loans originated or purchased for sale, net of repayments (8,896) (5,378) (6,054)
Dividends representing return on equity method investments 66 12 46
Net change in:      
Trading and equity securities (29) 132 (442)
Other assets 20 303 (22)
Accrued taxes, interest and expenses (49) 147 (138)
Other liabilities (91) 45 22
Net Cash Provided by (Used in) Operating Activities 1,824 2,856 1,480
Proceeds from sales:      
Available-for-sale securities and other investments 10,596 12,430 12,637
Loans and leases 259 305 164
Bank premises and equipment 90 57 40
Proceeds from repayments / maturities:      
Available-for-sale securities and other investments 2,267 1,845 2,331
Held-to-maturity securities 4 6 3
Purchases:      
Available-for-sale securities and other investments (13,959) (16,207) (15,295)
Bank premises and equipment (243) (192) (200)
MSRs (26) (82) (109)
Proceeds from settlement of BOLI 28 16 14
Proceeds from sale and dividends representing return of equity method investments 1,057 604 1,363
Net cash received (paid) on acquisitions 1,210 (43) (44)
Net change in:      
Federal funds sold 35 0 0
Other short-term investments (647) 928 1
Loans and leases (1,407) (3,866) (446)
Operating lease equipment (61) 58 (31)
Net Cash (Used in) Provided by Investing Activities (797) (4,141) 428
Net change in:      
Deposits 3,742 5,673 (659)
Federal funds purchased (1,665) 1,751 42
Other short-term borrowings 171 (3,439) 477
Dividends paid on common stock (660) (467) (430)
Dividends paid on preferred stock (93) (98) (75)
Proceeds from issuance of long-term debt 3,866 2,438 2,490
Repayment of long-term debt (4,212) (2,884) (1,969)
Repurchase of treasury stock and related forward contract (1,763) (1,453) (1,605)
Issuance of preferred stock 242 0 0
Other (58) (69) (57)
Net Cash Provided (Used in) by Financing Activities (430) 1,452 (1,786)
Increase (Decrease) in Cash and Due from Banks 597 167 122
Cash and Due from Banks at Beginning of Period 2,681 2,514 2,392
Cash and Due from Banks at End of Period $ 3,278 $ 2,681 $ 2,514