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Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2024
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 | 2024 |  | 2023 |  | 2022
Operating Revenue |  |  |  |  |
Dividends from: |  |  |  |  |
Bank subsidiaries and bank holding company | $ | 4,000 |  |  | $ | 2,500 |  |  | $ | 3,925 |
Non-bank subsidiaries | 383 |  |  | 565 |  |  | 280 |
Interest income | 1,129 |  |  | 638 |  |  | 104 |
Noninterest income (loss) | 47 |  |  | 41 |  |  | (37) |
Total operating revenue | 5,559 |  |  | 3,744 |  |  | 4,272 |
Operating Expense |  |  |  |  |
Interest expense | 1,896 |  |  | 1,269 |  |  | 326 |
Other expense | 130 |  |  | 185 |  |  | 136 |
Total operating expense | 2,026 |  |  | 1,454 |  |  | 462 |
Income before income taxes and equity in undistributed net income of subsidiaries | 3,533 |  |  | 2,290 |  |  | 3,810 |
Equity in undistributed net income of subsidiaries: |  |  |  |  |
Bank subsidiaries and bank holding company | 2,200 |  |  | 3,337 |  |  | 1,848 |
Non-bank subsidiaries | 24 |  |  | (161) |  |  | 455 |
Income before taxes | 5,757 |  |  | 5,466 |  |  | 6,113 |
Income tax expense (benefit) | (132) |  |  | (112) |  |  | 72 |
Net income | 5,889 |  |  | 5,578 |  |  | 6,041 |
Other comprehensive income, net of tax: |  |  |  |  |
Net pension and other postretirement benefit plan activity arising during the period | 1 |  |  | 2 |  |  | 1 |
Other comprehensive income | 1 |  |  | 2 |  |  | 1 |
Comprehensive income | $ | 5,890 |  |  | $ | 5,580 |  |  | $ | 6,042 |
Balance Sheet - Parent Company | Table 117: Parent Company - Balance Sheet
December 31 – in millions | 2024 |  | 2023
Assets |  |  |
Cash held at banking subsidiary | $ | 5,817 |  |  | $ | 6,599 |
Restricted deposits with banking subsidiary | 175 |  |  | 175 |
Investments in: |  |  |
Bank subsidiaries and bank holding company | 72,450 |  |  | 64,104 |
Non-bank subsidiaries | 3,084 |  |  | 3,020 |
Loans with affiliates | 2,322 |  |  | 1,687 |
Other assets | 1,212 |  |  | 1,297 |
Total assets | $ | 85,060 |  |  | $ | 76,882 |
Liabilities |  |  |
Subordinated debt (a) | $ | 982 |  |  | $ | 1,749 |
Senior debt (a) | 27,345 |  |  | 22,213 |
Accrued expenses and other liabilities | 2,308 |  |  | 1,815 |
Total liabilities | 30,635 |  |  | 25,777 |
Equity |  |  |
Shareholders’ equity | 54,425 |  |  | 51,105 |
Total liabilities and equity | $ | 85,060 |  |  | $ | 76,882 |
(a)See Note 9 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)
2024 |  | $ | 1,216 |  |  | $ | 329 |
2023 |  | $ | 683 |  |  | $ | 1,080 |
2022 |  | $ | 314 |  |  | $ | (255) |
Statement of Cash Flows - Parent Company | Table 119: Parent Company - Statement of Cash Flows
Year ended December 31 – in millions | 2024 |  | 2023 |  | 2022
Operating Activities |  |  |  |  |
Net income | $ | 5,889 |  |  | $ | 5,578 |  |  | $ | 6,041 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed net earnings of subsidiaries | (2,224) |  |  | (3,176) |  |  | (2,303) |
Other | 443 |  |  | 1,276 |  |  | 95 |
Net cash provided (used) by operating activities | $ | 4,108 |  |  | $ | 3,678 |  |  | $ | 3,833 |
Investing Activities |  |  |  |  |
Net change in loans and securities from affiliates | $ | (5,192) |  |  | (9,475) |  |  | $ | (531) |
Other | 1 |  |  | (5) |  |  | (84) |
Net cash provided (used) by investing activities | $ | (5,191) |  |  | $ | (9,480) |  |  | $ | (615) |
Financing Activities |  |  |  |  |
Net change in other borrowed funds from affiliates | $ | (465) |  |  | $ | 255 |  |  | $ | (1,138) |
Proceeds from long-term borrowings | 8,220 |  |  | 10,463 |  |  | 4,335 |
Repayments of long-term borrowings | (3,450) |  |  |  |  | (1,500) |
Preferred stock issuances |  |  |  | 1,484 |  |  | 2,225 |
Preferred stock redemptions | (500) |  |  | (1,000) |  |  | (1,500) |
Common and treasury stock issuances | 69 |  |  | 72 |  |  | 68 |
Acquisition of treasury stock | (687) |  |  | (651) |  |  | (3,731) |
Preferred stock cash dividends paid | (352) |  |  | (417) |  |  | (301) |
Common stock cash dividends paid | (2,534) |  |  | (2,459) |  |  | (2,389) |
Net cash provided (used) by financing activities | $ | 301 |  |  | $ | 7,747 |  |  | $ | (3,931) |
Net Increase (Decrease) In Cash Held at Banking Subsidiary | $ | (782) |  |  | $ | 1,945 |  |  | $ | (713) |
Cash and restricted deposits held at banking subsidiary at beginning of year | 6,774 |  |  | 4,829 |  |  | 5,542 |
Cash and restricted deposits held at banking subsidiary at end of year | $ | 5,992 |  |  | $ | 6,774 |  |  | $ | 4,829 |

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