Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Parent Company Condensed Balance Sheet

Parent Company - Condensed Balance Sheets (Dollars in millions)	December 31,
	2021		2020
Assets:
Cash and due from banks	$	598	$	688
Interest-bearing deposits with banks	9,680		13,434
AFS securities at fair value	257		82
Advances to / receivables from subsidiaries:
Banking	2,006		2,541
Nonbank	3,377		3,734
Total advances to / receivables from subsidiaries	5,383		6,275
Investment in subsidiaries:
Banking	64,985		65,641
Nonbank	5,441		4,296
Total investment in subsidiaries	70,426		69,937
Other assets	419		313
Total assets	$	86,763	$	90,729
Liabilities and Shareholders' Equity:
Short-term borrowings	$	809	$	621
Long-term debt	16,504		18,890
Other liabilities	179		306
Total liabilities	17,492		19,817
Total shareholders' equity	69,271		70,912
Total liabilities and shareholders' equity	$	86,763	$	90,729

Parent Company Condensed Income and Comprehensive Income Statement

Parent Company - Condensed Income and Comprehensive Income Statements (Dollars in millions)	Year Ended December 31,
	2021		2020		2019
Income:
Dividends from subsidiaries:
Banking	$	4,150	$	2,800	$	1,650
Nonbank	100		5		35
Total dividends from subsidiaries	4,250		2,805		1,685
Interest and other income from subsidiaries	143		170		217
Other income	(26)		12		—
Total income	4,367		2,987		1,902
Expenses:
Interest expense	258		333		475
Other expenses	125		174		250
Total expenses	383		507		725
Income before income taxes and equity in undistributed earnings of subsidiaries	3,984		2,480		1,177
Income tax benefit	26		56		92
Income before equity in undistributed earnings of subsidiaries	4,010		2,536		1,269
Equity in undistributed earnings of subsidiaries in excess of dividends from subsidiaries	2,427		1,956		1,968
Net income	6,437		4,492		3,237
Total OCI	(2,320)		1,560		871
Total comprehensive income	$	4,117	$	6,052	$	4,108

Parent Company Condensed Cash Flow Statement

Parent Company - Statements of Cash Flows (Dollars in millions)	Year Ended December 31,
	2021		2020		2019
Cash Flows From Operating Activities:
Net income	$	6,437	$	4,492	$	3,237
Adjustments to reconcile net income to net cash from operating activities:
Equity in earnings of subsidiaries in excess of dividends from subsidiaries	(2,427)		(1,956)		(1,968)
Other, net	(438)		(704)		84
Net cash from operating activities	3,572		1,832		1,353
Cash Flows From Investing Activities:
Proceeds from maturities, calls, and paydowns of AFS securities	37		79		157
Purchases of AFS securities	(216)		(22)		(79)
Investment in subsidiaries	(120)		(79)		(1)
Advances to subsidiaries	(3,088)		(6,711)		(5,358)
Proceeds from repayment of advances to subsidiaries	3,922		5,499		8,304
Net cash from acquisitions and divestitures	—		—		1,903
Other, net	—		14		(1)
Net cash from investing activities	535		(1,220)		4,925
Cash Flows From Financing Activities:
Net change in short-term borrowings	188		18		53
Net change in long-term debt	(2,149)		397		370
Repurchase of common stock	(1,616)		—		—
Net proceeds from preferred stock issued	—		3,449		1,683
Redemption of preferred stock	(1,415)		(500)		(1,725)
Cash dividends paid on common and preferred stock	(2,852)		(2,725)		(1,459)
Other, net	(107)		479		(40)
Net cash from financing activities	(7,951)		1,118		(1,118)
Net Change in Cash and Cash Equivalents	(3,844)		1,730		5,160
Cash and Cash Equivalents, January 1	14,122		12,392		7,232
Cash and Cash Equivalents, December 31	$	10,278	$	14,122	$	12,392