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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net Income (Loss) $ 2,741 $ 1,992 $ 1,859
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 645 517 (75)
Depreciation and amortization of premises and equipment 304 282 224
Amortization of capitalized servicing rights 131 97 90
Amortization of core deposit and other intangible assets 62 56 10
Provision for deferred income taxes (97) (30) 87
Asset write-downs 4 8 8
Net gain on sales of assets (249) (153) (10)
Net change in accrued interest receivable, payable 261 (123) 66
Net change in other accrued income and expense 561 (70) 53
Net change in loans originated for sale (192) 771 (164)
Net change in trading account and other non-hedging derivative assets and liabilities (266) 1,227 567
Net cash provided by operating activities 3,905 4,574 2,715
Cash flows from investing activities      
Proceeds from sales of investment securities equity and other 1,014 242 18
Proceeds from maturities of investment securities Available for sale 743 795 1,434
Proceeds from maturities of investment securities Held to maturity 1,170 1,516 615
Purchases of investment securities Available for sale (346) (7,222) (678)
Purchases of investment securities Held to maturity (2,948) (1,890) (1,602)
Purchases of investment securities equity and other (1,205) (456) (30)
Net (increase) decrease in loans and leases (2,770) (3,639) 5,677
Net (increase) decrease in interest-bearing deposits at banks (3,110) 26,107 (18,208)
Capital expenditures, net (256) (214) (149)
Net (increase) decrease in loan servicing advances 274 1,579 (197)
Acquisition, net of cash consideration, Bank and bank holding company   394  
Other, net (440) (620) (511)
Net cash provided (used) by investing activities (7,874) 16,592 (13,631)
Cash flows from financing activities      
Net increase (decrease) in deposits (248) (20,994) 11,738
Net increase (decrease) in short-term borrowings 1,761 2,613 (13)
Proceeds from long-term borrowings 5,035 999 10
Payments on long-term borrowings (824) (907) (853)
Purchases of treasury stock (594) (1,800)  
Dividends paid — common (868) (784) (580)
Dividends paid — preferred (100) (97) (68)
Proceeds from issuance of Series I preferred stock     495
Other, net 18 (14) (28)
Net cash provided (used) by financing activities 4,180 (20,984) 10,701
Net increase (decrease) in cash, cash equivalents and restricted cash 211 182 (215)
Cash, cash equivalents and restricted cash at beginning of period 1,520 1,338 1,553
Cash, cash equivalents and restricted cash at end of period 1,731 1,520 1,338
Supplemental disclosure of cash flow information      
Interest received during the period 10,092 6,135 3,977
Interest paid during the period 2,691 429 139
Income taxes paid during the period 452 488 314
Supplemental schedule of noncash investing and financing activities      
Real estate acquired in settlement of loans 23 31 9
Additions to right-of-use assets under operating leases $ 134 138 58
Loans held for sale transferred to loans held for investment     $ 330
Acquisition of bank and bank holding company, Common stock issued   8,286  
Acquisition of bank and bank holding company, Common stock awards converted   105  
Fair value of Assets acquired (noncash)   63,757  
Fair value of Liabilities assumed   55,499  
Fair value of Preferred stock converted   $ 261