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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income before noncontrolling interests $ 22,460 $ 22,045 $ 23,276
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 2,528 3,770 2,442
Changes in fair value of MSRs, MHFS and LHFS carried at fair value 886 139 62
Depreciation, amortization and accretion 5,406 4,970 3,288
Other net gains (973) (6,086) (6,496)
Stock-based compensation 2,046 1,945 1,958
Originations and purchases of MHFS and LHFS (181,321) (205,314) (178,294)
Proceeds from sales of and paydowns on mortgages originated for sale and LHFS 135,054 127,488 133,201
Net change in:      
Trading assets 33,332 62,550 42,754
Deferred income taxes 666 1,793 (2,265)
Derivative assets and liabilities (5,025) 2,089 (354)
Other assets (1,174) (14,232) (2,165)
Other accrued expenses and liabilities (1) 4,837 (211) [1] (1,503) [1]
Net cash provided by operating activities 18,722 946 15,904
Net change in:      
Federal funds sold, securities purchased under resale agreements and other short-term investments (3) [2] (21,497) (15,747) (10,677)
Available-for-sale securities:      
Sales proceeds 42,714 31,584 25,431
Prepayments and maturities 45,710 41,105 33,912
Purchases (103,671) (120,980) (79,778)
Held-to-maturity securities:      
Paydowns and maturities 10,673 7,957 5,290
Purchases 0 (23,593) (25,424)
Nonmarketable equity investments:      
Sales proceeds 3,982 1,975 3,496
Purchases (3,023) (4,316) (2,352)
Loans:      
Loans originated by banking subsidiaries, net of principal collected (2) 317 (39,002) [3] (57,020) [3]
Proceeds from sales (including participations) of loans held for investment 10,439 10,061 11,672
Purchases (including participations) of loans (3,702) (6,221) (13,759)
Principal collected on nonbank entities' loans (2) 7,448 6,844 [3] 5,023 [3]
Loans originated by nonbank entities (2) (6,814) (7,743) [3] (7,437) [3]
Net cash paid for acquisitions (320) (30,584) (3)
Proceeds from sales of foreclosed assets and short sales 5,198 7,311 7,803
Other, net (709) (508) (2,223)
Net cash used by investing activities (13,255) (141,857) (106,046)
Net change in:      
Deposits 29,912 82,767 54,867
Short-term borrowings 14,020 (1,198) 34,010
Long-term debt:      
Proceeds from issuance 43,575 90,111 43,030
Repayment (80,802) (34,462) (27,333)
Preferred stock:      
Proceeds from issuance 677 2,101 2,972
Cash dividends paid (1,629) (1,566) (1,426)
Common stock:      
Proceeds from issuance 1,211 1,415 1,726
Stock tendered for payment of withholding taxes (1) (393) (494) [1] (679) [1]
Repurchased (9,908) (8,116) (8,697)
Cash dividends paid (7,480) (7,472) (7,400)
Net change in noncontrolling interests 30 (188) (232)
Other, net (133) (107) 33
Net cash provided (used) by financing activities (10,920) 122,791 90,871
Net change in cash, cash equivalents, and restricted cash (3) [2] (5,453) (18,120) 729
Cash, cash equivalents, and restricted cash at beginning of year (3) [2] 221,400 [4] 239,520 238,791
Cash, cash equivalents, and restricted cash at end of year (3) [2] 215,947 [4] 221,400 [4] 239,520
Supplemental cash flow disclosures:      
Cash paid for interest 9,103 5,573 3,816
Cash paid for income taxes $ 6,592 $ 8,446 $ 13,688
[1] (1)Prior periods have been revised to conform to the current period presentation.
[2] (3)Financial information has been revised to reflect the impact of the adoption in first quarter 2018 of ASU 2016-18 – Statement of Cash Flows (Topic 230): Restricted Cash in which we changed the presentation of our cash and cash equivalents to include both cash and due from banks as well as interest-earning deposits with banks, which are inclusive of any restricted cash. See Note 1 (Summary of Significant Accounting Policies) for more information.
[3] (2)Prior periods have been revised to reflect classification changes due to entity restructuring activities.
[4] (1)Financial information has been revised to reflect the impact of the adoption in first quarter 2018 of ASU 2016-18 - Statement of Cash Flows (Topic 230): Restricted Cash in which we changed the presentation of our cash and cash equivalents to include both cash and due from banks as well as interest-earning deposits with banks, which are inclusive of any restricted cash. See Note 1 (Summary of Significant Accounting Policies) for more information.