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Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Income Statement - Parent Company | Summarized financial information of the parent company is as follows: Table 116: Parent Company - Income Statement
Year ended December 31 In millions | 2022 |  | 2021 |  | 2020
Operating Revenue |  |  |  |  |
Dividends from continuing operations: |  |  |  |  |
Bank subsidiaries and bank holding company | $ | 3,925 |  |  | $ | 3,980 |  |  | $ | 13,701 |
Non-bank subsidiaries | 280 |  |  | 424 |  |  | 345 |
Interest income | 104 |  |  | 15 |  |  | 38 |
Noninterest income (loss) | (37) |  |  | 41 |  |  | 37 |
Total operating revenue | 4,272 |  |  | 4,460 |  |  | 14,121 |
Operating Expense |  |  |  |  |
Interest expense | 326 |  |  | 129 |  |  | 179 |
Other expense | 136 |  |  | 245 |  |  | 91 |
Total operating expense | 462 |  |  | 374 |  |  | 270 |
Income before income taxes and equity in undistributed net income of subsidiaries | 3,810 |  |  | 4,086 |  |  | 13,851 |
Equity in undistributed net income of subsidiaries from continuing operations: |  |  |  |  |
Bank subsidiaries and bank holding company | 1,848 |  |  | 1,085 |  |  | (12,009) |
Non-bank subsidiaries | 455 |  |  | 543 |  |  | (86) |
Income from continuing operations before taxes | 6,113 |  |  | 5,714 |  |  | 1,756 |
Income tax expense (benefit) from continuing operations | 72 |  |  | 41 |  |  | (1,206) |
Net income from continuing operations | 6,041 |  |  | 5,673 |  |  | 2,962 |
Dividends from discontinued operations: |  |  |  |  |
Bank subsidiaries and bank holding company |  |  |  |  |  | 126 |
Equity in undistributed net income of subsidiaries from discontinued operations: |  |  |  |  |
Bank subsidiaries and bank holding company |  |  |  |  |  | 5,651 |
Income from discontinued operations before taxes |  |  |  |  |  | 5,777 |
Income taxes from discontinued operations |  |  |  |  |  | 1,222 |
Net income from discontinued operations |  |  |  |  |  | 4,555 |
Net income | $ | 6,041 |  |  | $ | 5,673 |  |  | $ | 7,517 |
Other comprehensive income, net of tax: |  |  |  |  |
Net pension and other postretirement benefit plan activity arising during the period | 1 |  |  | 11 |  |  | 1 |
Other comprehensive income | 1 |  |  | 11 |  |  | 1 |
Comprehensive income | $ | 6,042 |  |  | $ | 5,684 |  |  | $ | 7,518 |
Balance Sheet - Parent company | Table 117: Parent Company - Balance Sheet
December 31 – in millions | 2022 |  | 2021
Assets |  |  |
Cash held at banking subsidiary | $ | 4,654 |  |  | $ | 5,367 |
Restricted deposits with banking subsidiary | 175 |  |  | 175 |
Investments in: |  |  |
Bank subsidiaries and bank holding company | 48,867 |  |  | 56,596 |
Non-bank subsidiaries | 3,170 |  |  | 2,693 |
Loans with affiliates | 1,484 |  |  | 1,179 |
Other assets | 2,057 |  |  | 1,999 |
Total assets | $ | 60,407 |  |  | $ | 68,009 |
Liabilities |  |  |
Subordinated debt (a) | $ | 1,728 |  |  | $ | 982 |
Senior debt (a) | 11,379 |  |  | 10,362 |
Other borrowed funds from affiliates |  |  | 343 |
Accrued expenses and other liabilities | 1,526 |  |  | 627 |
Total liabilities | 14,633 |  |  | 12,314 |
Equity |  |  |
Shareholders’ equity | 45,774 |  |  | 55,695 |
Total liabilities and equity | $ | 60,407 |  |  | $ | 68,009 |
(a)See Note 10 Borrowed Funds for additional information on contractual rates and maturity dates of senior debt and subordinated debt for parent company.
Interest Paid and Income Tax Refunds (Payments) - Parent company | Table 118: Parent Company - Interest Paid and Income Tax Refunds (Payments)
Year ended December 31 – in millions |  | Interest Paid |  | Income Tax Refunds/ (Payments)
2022 |  | $ | 314 |  |  | $ | (255) |
2021 |  | $ | 307 |  |  | $ | 386 |
2020 |  | $ | 335 |  |  | $ | 29 |
Statement of Cash Flows - Parent company | Table 119: Parent Company - Statement of Cash Flows
Year ended December 31 – in millions | 2022 |  | 2021 |  | 2020
Operating Activities |  |  |  |  |
Net income | $ | 6,041 |  |  | $ | 5,673 |  |  | $ | 7,517 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed net earnings of subsidiaries | (2,303) |  |  | (1,628) |  |  |
Return on investment in subsidiaries |  |  |  |  |  | 6,444 |
Other | 95 |  |  | (248) |  |  | 237 |
Net cash provided (used) by operating activities | $ | 3,833 |  |  | $ | 3,797 |  |  | $ | 14,198 |
Investing Activities |  |  |  |  |
Proceeds from available for sale securities |  |  |  | $ | 300 |  |  |  |
Net change in loans and securities from affiliates | $ | (531) |  |  | (1,188) |  |  | $ | (2,808) |
Net change in nonrestricted interest-earning deposits |  |  |  |  |  | 7,024 |
Net cash paid for acquisition |  |  | (11,358) |  |  |
Other | (84) |  |  | (5) |  |  |
Net cash provided (used) by investing activities | $ | (615) |  |  | $ | (12,251) |  |  | $ | 4,216 |
Financing Activities |  |  |  |  |
Net change in other borrowed funds from affiliates | $ | (1,138) |  |  | $ | (435) |  |  | $ | 473 |
Proceeds from long-term borrowings | 4,335 |  |  | 1,692 |  |  | 1,986 |
Repayments of long-term borrowings | (1,500) |  |  | (500) |  |  | (1,750) |
Preferred stock issuances | 2,225 |  |  | 1,484 |  |  |
Preferred stock redemptions | (1,500) |  |  |  |  |  | (480) |
Common and treasury stock issuances | 68 |  |  | 66 |  |  | 65 |
Acquisition of treasury stock | (3,731) |  |  | (1,079) |  |  | (1,624) |
Preferred stock cash dividends paid | (301) |  |  | (233) |  |  | (229) |
Common stock cash dividends paid | (2,389) |  |  | (2,056) |  |  | (1,979) |
Net cash provided (used) by financing activities | $ | (3,931) |  |  | $ | (1,061) |  |  | $ | (3,538) |
Net Increase (Decrease) In Cash And Due From Banks | $ | (713) |  |  | $ | (9,515) |  |  | $ | 14,876 |
Net Cash Provided By Discontinued Operations |  |  |  |  | 11,542 |
Net Cash Activity From Continuing Operations | (713) |  |  | (9,515) |  |  | 3,334 |
Cash and restricted deposits held at banking subsidiary at beginning of year | 5,542 |  |  | 15,057 |  |  | 181 |
Cash and restricted deposits held at banking subsidiary at end of year | $ | 4,829 |  |  | $ | 5,542 |  |  | $ | 15,057 |

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