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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net loss $ (940) $ 113 $ 320
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 304 164 (80)
Goodwill impairment 784 365 0
Provision for credit losses 810 195 (73)
Deferred income tax provision 25 109 151
Net realized gains on securities available-for-sale (137) (88) (24)
Net change in other assets and liabilities (839) 1,846 (1,830)
Net change in loans held for sale:      
Originations and purchases of loans held for sale (3,044) (3,364) (2,399)
Sales and collections of loans held for sale 3,001 3,271 2,850
Net change in trading assets and liabilities 3,330 (6,882) (7,076)
Lower of amortized cost or fair value adjustments on loans held for sale 22 (1) (5)
Loss (gain) on instruments designated at fair value and related derivatives (34) 13 (19)
Net cash provided by (used in) operating activities 3,282 (4,259) (8,185)
Cash flows from investing activities      
Net change in federal funds sold and securities purchased under agreements to resell (17,908) (7,670) 22,450
Securities available-for-sale:      
Purchases of securities available-for-sale (25,165) (24,829) (10,540)
Proceeds from sales of securities available-for-sale 11,857 12,878 5,169
Proceeds from maturities of securities available-for-sale 10,190 9,121 4,224
Securities held-to-maturity:      
Purchases of securities held-to-maturity (515) (1,468) (3,007)
Proceeds from sales of securities held-to-maturity 340 0 0
Proceeds from maturities of securities held-to-maturity 4,415 2,803 2,276
Change in loans:      
Collections, net of originations 5,312 (532) 2,527
Loans sold to third parties 916 1,209 758
Net cash provided by (used in) sales (acquisitions) of properties and equipment 1 (61) (17)
Net inflow (outflow) related to the sale of certain private banking client relationships 0 1 (515)
Other, net (248) 119 50
Net cash provided by (used in) investing activities (10,805) (8,429) 23,375
Cash flows from financing activities      
Net change in deposits 20,110 8,287 (6,928)
Debt:      
Net change in short-term borrowings 1,293 (535) (469)
Issuance of long-term debt 8,487 4,686 11,923
Repayment of long-term debt (10,427) (10,705) (14,704)
Return of capital to parent 0 (2,400) 0
Other increases in capital surplus 10 0 6
Dividends paid (77) (77) (76)
Net cash provided by (used in) financing activities 19,396 (744) (10,248)
Net change in cash and due from banks and interest bearing deposits with banks 11,873 (13,432) 4,942
Cash and due from banks and interest bearing deposits with banks at beginning of period 3,782 17,214 12,272
Cash and due from banks and interest bearing deposits with banks at end of period $ 15,655 $ 3,782 $ 17,214