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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 1,247 $ 941
Short-term investments 13,205 10,817
Trading account assets 1,171 1,142
Securities available for sale 37,298 37,185
Held-to-maturity securities (fair value: $7,680 and $8,056) 8,272 8,575
Other investments 1,247 1,244
Loans, net of unearned income of $323 and $356 109,885 112,606
Less: Allowance for loan and lease losses (1,542) (1,508)
Net loans 108,343 111,098
Loans held for sale [1] 228 483
Premises and equipment 650 661
Goodwill 2,752 2,752
Other intangible assets 48 55
Corporate-owned life insurance 4,392 4,383
Accrued income and other assets 8,314 8,601
Discontinued assets 318 344
Total assets 187,485 188,281
Deposits in domestic offices:    
Interest-bearing deposits 114,593 114,859
Noninterest-bearing deposits 29,638 30,728
Total deposits 144,231 145,587
Federal funds purchased and securities sold under repurchase agreements 27 38
Bank notes and other short-term borrowings 2,896 3,053
Accrued expense and other liabilities 5,008 5,412
Long-term debt 20,776 19,554
Total liabilities 172,938 173,644
EQUITY    
Preferred stock 2,500 2,500
Common Shares, $1 par value; authorized 2,100,000,000 shares; issued 1,256,702,081 shares 1,257 1,257
Capital surplus 6,164 6,281
Retained earnings 15,662 15,672
Treasury stock, at cost (313,926,505 and 320,138,094 shares) (5,722) (5,844)
Accumulated other comprehensive income (loss) (5,314) (5,229)
Total equity 14,547 14,637
Total liabilities and equity $ 187,485 $ 188,281
[1] Total loans held for sale include real estate — residential mortgage loans held for sale at fair value of $73 million at March 31, 2024, and $51 million at December 31, 2023.