XML 24 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net income $ 4,419 $ 6,102
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision for (recapture of) credit losses (452) 3,429
Depreciation and amortization 1,215 944
Deferred income taxes (74) (2,505)
Net gains on sales of securities (50) (254)
Changes in fair value of mortgage servicing rights (8) 774
Gain on sale of BlackRock   (5,740)
Undistributed earnings of BlackRock   (174)
Net change in    
Trading securities and other short-term investments 388 1,132
Loans held for sale (390) (533)
Other assets (1,504) (2,112)
Accrued expenses and other liabilities 341 1,044
Other (165) 617
Net cash provided (used) by operating activities 3,720 2,724
Sales    
Securities available for sale 15,674 12,512
Net proceeds from sale of BlackRock   14,225
Loans 1,409 1,365
Repayments/maturities    
Securities available for sale 23,829 19,850
Securities held to maturity 67 52
Purchases    
Securities available for sale (57,911) (34,242)
Securities held to maturity (83) (49)
Loans (1,564) (1,600)
Net change in    
Federal funds sold and resale agreements (119) 1,693
Interest-earning deposits with banks 23,008 (47,546)
Loans 14,001 (10,323)
Net cash paid for acquisition [1] (10,511)
Other (1,538) (316)
Net cash provided (used) by investing activities 6,262 (44,379)
Net change in    
Noninterest-bearing deposits 7,832 34,479
Interest-bearing deposits (9,826) 32,037
Federal funds purchased and repurchase agreements 91 (5,870)
Short-term Federal Home Loan Bank borrowings   (6,300)
Other borrowed funds 164 298
Sales/issuances    
Federal Home Loan Bank borrowings   9,060
Bank notes and senior debt 1,692 3,487
Other borrowed funds 551 458
Preferred stock 1,485  
Common and treasury stock 58 54
Repayments/maturities    
Federal Home Loan Bank borrowings (3,680) (13,601)
Bank notes and senior debt (3,850) (6,647)
Other borrowed funds (547) (479)
Preferred stock redemption   (480)
Acquisition of treasury stock (441) (1,604)
Preferred stock cash dividends paid (162) (181)
Common stock cash dividends paid (1,523) (1,488)
Net cash provided (used) by financing activities (8,156) 43,223
Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash 1,826 1,568
Net cash provided by discontinued operations 12,244
Net cash provided (used) by continuing operations 1,826 (10,676)
Cash and due from banks and restricted cash at beginning of period 7,017 5,061
Cash and due from banks and restricted cash at end of period 8,843 6,629
Cash and due from banks at end of period (unrestricted cash) 8,201 6,297
Restricted cash 642 332
Supplemental Disclosures    
Interest paid 395 1,071
Income taxes paid 402 2,762
Income taxes refunded 68 9
Leased assets obtained in exchange for new operating lease liabilities 289 71
Non-cash Investing and Financing Items    
Transfer from loans to loans held for sale, net 677 1,026
Transfer from trading securities to investment securities 289
Transfer from loans to foreclosed assets $ 22 $ 57
[1] Cash paid to acquire BBVA was $11,480 million. The amount of $10,511 million represents the cash paid for the acquisition less $969 million in cash acquired. See Note 2 Acquisition & Divestiture Activity for more detailed information on the BBVA acquisition.