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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities:    
Net income $ 2,860 $ 2,948
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 1,040 76
Depreciation 350 397
Amortization of intangibles 267 280
Securities (gains) losses 0 70
Net change in operating assets and liabilities:    
LHFS (580) 395
Loan servicing rights (45) (638)
Pension asset (1,388) (468)
Derivative assets and liabilities 414 2,143
Trading assets 808 (807)
Other assets and other liabilities 592 (228)
Other, net (470) (391)
Net cash from operating activities 3,848 3,777
Cash Flows From Investing Activities:    
Proceeds from sales of AFS securities 4 3,198
Proceeds from maturities, calls and paydowns of AFS securities 3,518 8,285
Purchases of AFS securities (282) (8,658)
Proceeds from maturities, calls and paydowns of HTM securities 1,918 2,567
Purchases of HTM securities 0 (3,020)
Originations and purchases of loans and leases, net of sales and principal collected 3,258 (13,356)
Net cash received (paid) for securities borrowed or purchased under agreements to resell 866 1,378
Net cash received (paid) for asset acquisitions, business combinations, and divestitures 0 (505)
Other, net 235 (694)
Net cash from investing activities 9,517 (10,805)
Cash Flows From Financing Activities:    
Net change in deposits (7,452) 8,275
Net change in short-term borrowings 1,003 8,444
Proceeds from issuance of long-term debt 40,884 943
Repayment of long-term debt (39,152) (5,831)
Repurchase of common stock 0 (250)
Cash dividends paid on common stock (1,384) (1,276)
Cash dividends paid on preferred stock (178) (165)
Net cash received (paid) for hedge unwinds (378) (198)
Net cash from IH minority stake sale 1,922 0
Other, net (41) (96)
Net cash from financing activities (4,776) 9,846
Net Change in Cash and Cash Equivalents 8,589 2,818
Cash and Cash Equivalents, January 1 21,421 20,295
Cash and Cash Equivalents, June 30 30,010 23,113
Supplemental Disclosure of Cash Flow Information:    
Net cash paid (received) during the period for interest expense 4,041 430
Net cash paid (received) during the period for income taxes 560 418
Noncash investing activities:    
Transfer of AFS securities to HTM $ 0 $ 59,436