Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Condensed Balance Sheets

Parent Company - Condensed Balance Sheets	December 31,
(Dollars in millions)	2017		2016
Assets:
Cash and due from banks	$	13	$	21
Interest-bearing deposits with banks	6,365		7,094
AFS securities at fair value	133		134
HTM securities at amortized cost	1		1
Advances to / receivables from subsidiaries:
Banking	2,454		850
Nonbank	3,664		2,981
Total advances to / receivables from subsidiaries	6,118		3,831
Investment in subsidiaries:
Banking	27,846		28,444
Nonbank	1,373		1,279
Total investment in subsidiaries	29,219		29,723
Other assets	66		131
Total assets	$	41,915	$	40,935
Liabilities and Shareholders' Equity:
Short-term borrowings	$	7	$	46
Long-term debt	12,042		10,836
Accounts payable and other liabilities	171		127
Total liabilities	12,220		11,009
Total shareholders' equity	29,695		29,926
Total liabilities and shareholders' equity	$	41,915	$	40,935

Parent Company Condensed Income and Comprehensive Income Statements

Parent Company - Condensed Income and Comprehensive Income Statements	Year Ended December 31,
(Dollars in millions)	2017			2016			2015
Income:
Dividends from subsidiaries:
Banking	$	1,950		$	1,350		$	1,600
Nonbank	40			6			411
Total dividends from subsidiaries	1,990			1,356			2,011
Interest and other income from subsidiaries	112			73			64
Other income	2			3			3
Total income	2,104			1,432			2,078
Expenses:
Interest expense	227			160			165
Other expenses	83			56			103
Total expenses	310			216			268
Income before income taxes and equity in undistributed earnings of subsidiaries	1,794			1,216			1,810
Income tax benefit	63			38			40
Income before equity in undistributed earnings of subsidiaries	1,857			1,254			1,850
Equity in undistributed earnings of subsidiaries in excess of dividends from subsidiaries	558			1,188			273
Net income	2,415			2,442			2,123
Total OCI	(88		)	(104		)	(277		)
Total comprehensive income	$	2,327		$	2,338		$	1,846

Parent Company Condensed Statements of Cash Flows

Parent Company - Statements of Cash Flows	Year Ended December 31,
(Dollars in millions)	2017			2016			2015
Cash Flows From Operating Activities:
Net income	$	2,415		$	2,442		$	2,123
Adjustments to reconcile net income to net cash from operating activities:
Equity in earnings of subsidiaries in excess of dividends from subsidiaries	(558		)	(1,188		)	(273		)
Other, net	—			(14		)	35
Net cash from operating activities	1,857			1,240			1,885
Cash Flows From Investing Activities:
Proceeds from maturities, calls and paydowns of AFS securities	29			27			49
Purchases of AFS securities	(29		)	(31		)	(21		)
Proceeds from maturities, calls and paydowns of HTM securities	—			2			27
Investment in subsidiaries	1,100			(85		)	17
Advances to subsidiaries	(6,958		)	(7,719		)	(7,461		)
Proceeds from repayment of advances to subsidiaries	4,671			6,975			6,831
Net cash from acquisitions and divestitures	—			(254		)	(595		)
Other, net	1			—			—
Net cash from investing activities	(1,186		)	(1,085		)	(1,153		)
Cash Flows From Financing Activities:
Net change in short-term borrowings	(39		)	(60		)	30
Net change in long-term debt	1,319			465			(92		)
Repurchase of common stock	(1,613		)	(520		)	—
Net cash from common stock transactions in connection with equity awards	108			218			68
Net proceeds from preferred stock issued	—			450			—
Cash dividends paid on common and preferred stock	(1,179		)	(1,092		)	(937		)
Other, net	(4		)	7			—
Net cash from financing activities	(1,408		)	(532		)	(931		)
Net Change in Cash and Cash Equivalents	(737		)	(377		)	(199		)
Cash and Cash Equivalents at Beginning of Period	7,115			7,492			7,691
Cash and Cash Equivalents at End of Period	$	6,378		$	7,115		$	7,492