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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net income (loss) $ 1,351 $ 333
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for credit losses (315) 841
Depreciation and amortization expense, net 21 86
Accretion of acquired loans 13 18
Increase in cash surrender value of corporate-owned life insurance (54) (58)
Stock-based compensation expense 52 51
Deferred income taxes (benefit) 196 (148)
Proceeds from sales of loans held for sale 7,629 6,437
Originations of loans held for sale, net of repayments (7,494) (6,816)
Net losses (gains) on sales of loans held for sale (120) (109)
Net losses (gains) on leased equipment (6) (16)
Net securities losses (gains) 0 (4)
Net losses (gains) on sales of fixed assets 7 3
Net decrease (increase) in trading account assets (116) 395
Net transfers of loans held for sale 26 0
Other operating activities, net (942) (908)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 248 105
INVESTING ACTIVITIES    
Cash received (used) in acquisitions, net of cash acquired (9) 0
Net decrease (increase) in short-term investments, excluding acquisitions (4,266) (12,764)
Purchases of securities available for sale (11,978) (4,567)
Proceeds from sales of securities available for sale 0 583
Proceeds from prepayments and maturities of securities available for sale 4,286 2,933
Proceeds from prepayments and maturities of held-to-maturity securities 1,427 998
Purchases of held-to-maturity securities (3) (5)
Purchases of other investments (19) (96)
Proceeds from sales of other investments 26 26
Proceeds from prepayments and maturities of other investments 6 11
Net decrease (increase) in loans, excluding acquisitions, sales and transfers 575 (11,967)
Proceeds from sales of portfolio loans (163)  
Proceeds from sales of portfolio loans   91
Proceeds from corporate-owned life insurance 36 40
Purchases of premises, equipment, and software (32) (27)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (10,114) (24,744)
FINANCING ACTIVITIES    
Net increase (decrease) in deposits, excluding acquisitions 10,790 23,643
Net increase (decrease) in short-term borrowings (45) 891
Net proceeds from issuance of long-term debt 1,200 2,501
Payments on long-term debt (1,518) (1,507)
Open market Common Share repurchases (435) (117)
Employee equity compensation program Common Share repurchases (32) (36)
Net proceeds from reissuance of Common Shares 20 6
Cash dividends paid (413) (415)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 9,567 24,966
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (299) 327
CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD 1,091 732
CASH AND DUE FROM BANKS AT END OF PERIOD 792 1,059
Additional disclosures relative to cash flows:    
Interest paid 200 465
Income taxes paid (refunded) 191 59
Noncash items:    
Reduction of secured borrowing and related collateral 2 3
Loans transferred to portfolio from held for sale 86 25
Loans transferred to held for sale from portfolio 97 210
Loans transferred to OREO 2 93
CMBS risk retentions 0 27
ABS risk retentions $ 14 $ 9