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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 368 $ 612
Adjustments to reconcile net income to net cash from operating activities:    
Provision (credit) for credit losses 152 135
Depreciation, amortization and accretion, net 48 63
Securities (gains) losses, net 50 (2)
Deferred income tax expense 35 43
Originations and purchases of loans held for sale (1,280) (826)
Proceeds from sales of loans held for sale 1,265 622
(Gain) loss on sale of loans, net (13) (8)
Net change in operating assets and liabilities:    
Other earning assets (61) (27)
Interest receivable and other assets (130) 297
Other liabilities (59) (742)
Other 21 25
Net cash from operating activities 396 196
Investing activities:    
Proceeds from maturities of debt securities held to maturity 11 11
Proceeds from sales of debt securities available for sale 1,260 28
Proceeds from maturities of debt securities available for sale 702 729
Purchases of debt securities available for sale (2,077) (662)
Net (payments for) proceeds from bank-owned life insurance 1 2
Proceeds from sales of loans 4 43
Purchases of loans (180) (66)
Net change in loans 1,611 (1,130)
Purchases of mortgage servicing rights (119) (18)
Net purchases of other assets (4) (33)
Net cash from investing activities 1,209 (1,096)
Financing activities:    
Net change in deposits 1,194 (3,283)
Net change in short-term borrowings 1,000 2,000
Proceeds from long-term borrowings 1,000 0
Cash dividends on common stock (222) (187)
Cash dividends on preferred stock (25) (24)
Repurchases of common stock (102) 0
Taxes paid related to net share settlement of equity awards (1) 0
Net cash from financing activities 2,844 (1,494)
Net change in cash and cash equivalents 4,449 (2,394)
Cash and cash equivalents at beginning of year 6,801 11,227
Cash and cash equivalents at end of year $ 11,250 $ 8,833