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Parent Company Information
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Parent Company Information Parent Company Information
The following tables present the Parent Company-only financial information.
Condensed Statement of Income
(Dollars in millions)202220212020
Income   
Dividends from subsidiaries:   
Bank holding companies and related subsidiaries$22,250 $15,621 $10,352 
Interest from subsidiaries12,420 8,362 8,825 
Other income (loss)(201)(114)(138)
Total income34,469 23,869 19,039 
Expense   
Interest on borrowed funds from subsidiaries236 54 136 
Other interest expense7,041 3,383 4,119 
Noninterest expense1,322 1,531 1,651 
Total expense8,599 4,968 5,906 
Income before income taxes and equity in undistributed earnings of subsidiaries25,870 18,901 13,133 
Income tax expense 683 886 649 
Income before equity in undistributed earnings of subsidiaries25,187 18,015 12,484 
Equity in undistributed earnings (losses) of subsidiaries:   
Bank holding companies and related subsidiaries2,333 14,078 5,372 
Nonbank companies and related subsidiaries8 (115)38 
Total equity in undistributed earnings (losses) of subsidiaries2,341 13,963 5,410 
Net income$27,528 $31,978 $17,894 
Condensed Balance Sheet
 December 31
(Dollars in millions)20222021
Assets  
Cash held at bank subsidiaries$9,609 $5,011 
Securities617 671 
Receivables from subsidiaries:
Bank holding companies and related subsidiaries222,584 217,447 
Banks and related subsidiaries220 347 
Nonbank companies and related subsidiaries978 368 
Investments in subsidiaries:
Bank holding companies and related subsidiaries301,207 316,497 
Nonbank companies and related subsidiaries3,770 3,645 
Other assets7,156 8,602 
Total assets $546,141 $552,588 
Liabilities and shareholders’ equity  
Accrued expenses and other liabilities$14,193 $17,394 
Payables to subsidiaries:
Banks and related subsidiaries260 107 
Bank holding companies and related subsidiaries21 3 
Nonbank companies and related subsidiaries14,578 11,564 
Long-term debt243,892 253,454 
Total liabilities272,944 282,522 
Shareholders’ equity273,197 270,066 
Total liabilities and shareholders’ equity$546,141 $552,588 
Condensed Statement of Cash Flows
(Dollars in millions)202220212020
Operating activities   
Net income $27,528 $31,978 $17,894 
Reconciliation of net income (loss) to net cash provided by (used in) operating activities:   
Equity in undistributed (earnings) losses of subsidiaries(2,341)(13,963)(5,410)
Other operating activities, net(31,777)(7,144)14,303 
Net cash provided by (used in) operating activities(6,590)10,871 26,787 
Investing activities   
Net sales (purchases) of securities25 (14)(4)
Net payments to subsidiaries(6,044)(10,796)(33,111)
Other investing activities, net(34)(26)(7)
Net cash used in investing activities(6,053)(10,836)(33,122)
Financing activities   
Net increase (decrease) in other advances2,853 503 (422)
Proceeds from issuance of long-term debt44,123 56,106 43,766 
Retirement of long-term debt(19,858)(24,544)(23,168)
Proceeds from issuance of preferred stock and warrants4,426 2,170 2,181 
Redemption of preferred stock(654)(1,971)(1,072)
Common stock repurchased(5,073)(25,126)(7,025)
Cash dividends paid(8,576)(8,055)(7,727)
Net cash provided by (used in) financing activities17,241 (917)6,533 
Net increase (decrease) in cash held at bank subsidiaries4,598 (882)198 
Cash held at bank subsidiaries at January 15,011 5,893 5,695 
Cash held at bank subsidiaries at December 31$9,609 $5,011 $5,893