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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income (loss) $ 1,996 $ 761
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for credit losses (422) 1,001
Depreciation and amortization expense, net 80 112
Accretion of acquired loans 19 23
Increase in cash surrender value of corporate-owned life insurance (82) (86)
Stock-based compensation expense 78 75
Deferred income taxes (benefit) 126 (217)
Proceeds from sales of loans held for sale 11,282 10,079
Originations of loans held for sale, net of repayments (10,818) (10,040)
Net losses (gains) on sales of loans held for sale (192) (169)
Net losses (gains) on leased equipment (9) (17)
Net securities losses (gains) 0 (4)
Net losses (gains) on sales of fixed assets 13 3
Net decrease (increase) in trading account assets (167) 307
Net transfers of loans held for sale 26 0
Other operating activities, net (767) (1,101)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 1,163 727
INVESTING ACTIVITIES    
Cash received (used) in acquisitions, net of cash acquired (9) 0
Net decrease (increase) in short-term investments, excluding acquisitions (3,414) (12,876)
Purchases of securities available for sale (19,726) (9,582)
Proceeds from sales of securities available for sale 0 583
Proceeds from prepayments and maturities of securities available for sale 5,824 4,642
Proceeds from prepayments and maturities of held-to-maturity securities 2,004 1,702
Purchases of held-to-maturity securities (3) (17)
Purchases of other investments (26) (110)
Proceeds from sales of other investments 36 79
Proceeds from prepayments and maturities of other investments 8 13
Net decrease (increase) in loans, excluding acquisitions, sales and transfers (545) (9,118)
Proceeds from sales of portfolio loans (243)  
Proceeds from sales of portfolio loans   140
Proceeds from corporate-owned life insurance 56 46
Purchases of premises, equipment, and software (31) (45)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (16,069) (24,543)
FINANCING ACTIVITIES    
Net increase (decrease) in deposits, excluding acquisitions 16,649 24,876
Net increase (decrease) in short-term borrowings 16 (61)
Net proceeds from issuance of long-term debt 1,203 2,502
Payments on long-term debt (1,521) (2,509)
Open market common share repurchases (559) (117)
Employee equity compensation program Common Share repurchases (32) (36)
Common share purchases under ASR program (585) 0
Net proceeds from reissuance of Common Shares 21 7
Cash dividends paid (614) (622)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 14,578 24,040
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (328) 224
CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD 1,091 732
CASH AND DUE FROM BANKS AT END OF PERIOD 763 956
Additional disclosures relative to cash flows:    
Interest paid 254 601
Income taxes paid (refunded) 212 175
Noncash items:    
Reduction of secured borrowing and related collateral 7 5
Loans transferred to portfolio from held for sale 86 32
Loans transferred to held for sale from portfolio 3,403 292
Loans transferred to OREO 3 94
CMBS risk retentions 0 41
ABS risk retentions 13 22
Securities received as consideration $ 2,825 $ 0