XML 14 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net Income (Loss) $ 531 $ 702
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 200 120
Depreciation and amortization of premises and equipment 80 76
Amortization of capitalized servicing rights 35 20
Amortization of core deposit and other intangible assets 15 17
Provision for deferred income taxes 2 11
Asset write-downs 6 1
Net gain on sales of assets (1) (12)
Net change in accrued interest receivable, payable 27 55
Net change in other accrued income and expense (74) (43)
Net change in loans originated for sale (352) (274)
Net change in trading account and other non-hedging derivative assets and liabilities 139 (245)
Net cash provided by operating activities 608 428
Cash flows from investing activities    
Proceeds from sales of investment securities available for sale 4  
Proceeds from sales of investment securities equity and other 110 521
Proceeds from maturities of investment securities Available for sale 1,989 141
Proceeds from maturities of investment securities Held to maturity 257 281
Purchases of investment securities Available for sale (4,145) (337)
Purchases of investment securities Held to maturity   (2,948)
Purchases of investment securities equity and other (264) (792)
Net increase in loans and leases (724) (1,166)
Net (increase) decrease in interest-bearing deposits at banks (4,075) 2,652
Capital expenditures, net (35) (55)
Net decrease in loan servicing advances 81 207
Other, net (280) (251)
Net cash used by investing activities (7,082) (1,747)
Cash flows from financing activities    
Net increase (decrease) in deposits 3,921 (4,441)
Net increase (decrease) in short-term borrowings (521) 3,440
Proceeds from long-term borrowings 3,357 3,486
Payments on long-term borrowings (49)  
Purchases of treasury stock   (594)
Dividends paid — common (221) (221)
Dividends paid — preferred (34) (34)
Other, net (15) (19)
Net cash provided by financing activities 6,438 1,617
Net increase (decrease) in cash, cash equivalents and restricted cash (36) 298
Cash, cash equivalents and restricted cash at beginning of period 1,731 1,520
Cash, cash equivalents and restricted cash at end of period 1,695 1,818
Supplemental disclosure of cash flow information    
Interest received during the period 2,716 2,289
Interest paid during the period 999 410
Income taxes paid during the period 41 22
Supplemental schedule of noncash investing and financing activities    
Real estate acquired in settlement of loans 19 7
Additions to right-of-use assets under operating leases $ 19 $ 31