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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income (loss) $ 1,523 $ 1,996
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for credit losses 237 (422)
Depreciation and amortization expense, net 100 80
Accretion of acquired loans 22 19
Increase in cash surrender value of corporate-owned life insurance (83) (82)
Stock-based compensation expense 89 78
Deferred income taxes (benefit) 38 126
Proceeds from sales of loans held for sale 9,337 11,282
Originations of loans held for sale, net of repayments (7,597) (10,818)
Net losses (gains) on sales of loans held for sale (116) (192)
Net losses (gains) on leased equipment 6 (9)
Net securities losses (gains) 9 0
Net losses (gains) on sales of fixed assets (5) 13
Net decrease (increase) in trading account assets (367) (167)
Net transfers of loans held for sale 0 26
Other operating activities, net (309) (767)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,884 1,163
INVESTING ACTIVITIES    
Purchases of intangibles assets via acquisitions (12) 0
Cash received (used) in acquisitions, net of cash acquired (58) (9)
Net decrease (increase) in short-term investments, excluding acquisitions 6,114 (3,414)
Purchases of securities available for sale (4,429) (19,726)
Proceeds from sales of securities available for sale 0 0
Proceeds from prepayments and maturities of securities available for sale 3,774 5,824
Proceeds from prepayments and maturities of held-to-maturity securities 1,891 2,004
Purchases of held-to-maturity securities (2,727) (3)
Purchases of other investments (620) (26)
Proceeds from sales of other investments 13 36
Proceeds from prepayments and maturities of other investments 9 8
Net decrease (increase) in loans, excluding acquisitions, sales and transfers (14,443) (1,031)
Proceeds from sales of portfolio loans 125 243
Proceeds from corporate-owned life insurance 60 56
Purchases of premises, equipment, and software (61) (31)
Proceeds from sales of premises and equipment 13 0
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (10,351) (16,069)
FINANCING ACTIVITIES    
Net increase (decrease) in deposits (7,717) 16,649
Net increase (decrease) in short-term borrowings 8,039 16
Net proceeds from issuance of long-term debt 15,601 1,203
Payments on long-term debt (8,577) (1,521)
Issuance of preferred shares 590 0
Open market common share repurchases 0 (559)
Employee equity compensation program Common Share repurchases (44) (32)
Common share purchases under ASR program 0 (585)
Net proceeds from reissuance of Common Shares 5 21
Cash dividends paid (626) (614)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 7,271 14,578
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (196) (328)
CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD 913 1,091
CASH AND DUE FROM BANKS AT END OF PERIOD 717 763
Additional disclosures relative to cash flows:    
Interest paid 277 254
Income taxes paid (refunded) 160 212
Noncash items:    
Reduction of secured borrowing and related collateral 7 7
Loans transferred to portfolio from held for sale 57 86
Loans transferred to held for sale from portfolio 0 3,403
Loans transferred to OREO 5 3
CMBS risk retentions 12 0
ABS risk retentions 9 13
Securities received as consideration $ 0 $ 2,825