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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net income (loss) $ 1,717 $ 1,866 $ 1,298
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Provision for credit losses 445 246 229
Depreciation and amortization expense, net 241 382 407
Accretion of acquired loans 50 86 203
Increase in cash surrender value of corporate-owned life insurance (121) (117) (119)
Stock-based compensation expense 96 99 100
FDIC reimbursement (payments), net of FDIC expense 0 (10) (3)
Deferred income taxes (benefit) 53 98 303
Proceeds from sales of loans held for sale 11,980 14,019 11,963
Originations of loans held for sale, net of repayments (11,704) (13,948) (11,846)
Net losses (gains) from sale of loans held for sale (188) (183) (181)
Net losses (gains) and writedown on OREO 7 0 5
Net losses (gains) on leased equipment (17) 41 3
Net losses (gains) on sales of fixed assets (2) 9 24
Net securities losses (gains) (20) 0 (1)
Net decrease (increase) in trading account assets (191) (13) 31
Gain on sale of KIBS 0 (83) 0
Other operating activities, net 560 14 (601)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,906 2,506 1,815
INVESTING ACTIVITIES      
Cash received (used) in acquisitions, net of cash acquired (185) 0 (144)
Proceeds from sale of KIBS 0 124 0
Net decrease (increase) in short-term investments, excluding acquisitions 1,290 1,885 (1,672)
Purchases of securities available for sale (5,714) (4,594) (3,002)
Proceeds from sales of securities available for sale 362 0 915
Proceeds from prepayments and maturities of securities available for sale 3,586 3,197 3,999
Proceeds from prepayments and maturities of held-to-maturity securities 1,477 1,558 1,797
Purchases of held-to-maturity securities (22) (1,242) (3,398)
Purchases of other investments (52) (28) (87)
Proceeds from sales of other investments 60 62 117
Proceeds from prepayments and maturities of other investments 56 40 4
Net decrease (increase) in loans, excluding acquisitions, sales, and transfers (6,190) (3,700) (945)
Proceeds from sales of portfolio loans 399 204 183
Proceeds from corporate-owned life insurance 59 78 55
Purchases of premises, equipment, and software (85) (99) (112)
Proceeds from sales of premises and equipment 18 2 0
Proceeds from sales of OREO 23 31 51
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (4,918) (2,482) (2,239)
FINANCING ACTIVITIES      
Net increase (decrease) in deposits, excluding acquisitions 4,561 2,074 1,148
Net increase (decrease) in short-term borrowings 229    
Net increase (decrease) in short-term borrowings   (148) (1,299)
Net proceeds from issuance of long-term debt 2,129 2,306 2,852
Payments on long-term debt (3,634) (2,880) (748)
Issuance of preferred shares 435 412 0
Repurchase of Common Shares (835) (1,098) (664)
Employee equity compensation program Common Share repurchases (33) (47) (66)
Redemption of Preferred Stock Series C 0 0 (350)
Net proceeds from reissuance of Common Shares 18 20 25
Cash dividends paid (804) (656) (480)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 2,066 (17) 418
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 54 7 (6)
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR 678 671 677
CASH AND DUE FROM BANKS AT END OF YEAR 732 678 671
Additional disclosures relative to cash flows:      
Interest paid 1,251 892 598
Income taxes paid (refunded) 18 12 6
Noncash items:      
Reduction of secured borrowing and related collateral 5 20 40
Loans transferred to portfolio from held for sale 157 24 105
Loans transferred to held for sale from portfolio 468 (33) 42
Loans transferred to other real estate owned 29 25 37
CMBS risk retentions 59 16 18
ABS risk retentions $ 12 $ 0 $ 0