XML 18 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 869 $ 1,193
Adjustments to reconcile net income to net cash from operating activities:    
Provision (credit) for credit losses 254 253
Depreciation, amortization and accretion, net 89 124
Securities (gains) losses, net 100 2
Deferred income tax expense 48 13
Originations and purchases of loans held for sale (2,813) (1,785)
Proceeds from sales of loans held for sale 2,663 1,591
(Gain) loss on sale of loans, net (25) (14)
Net change in operating assets and liabilities:    
Other earning assets (427) (255)
Interest receivable and other assets (249) 4
Other liabilities 15 (541)
Other 33 8
Net cash from operating activities 557 593
Investing activities:    
Proceeds from maturities of debt securities held to maturity 21 24
Proceeds from sales of debt securities available for sale 2,199 33
Proceeds from maturities of debt securities available for sale 1,480 1,499
Purchases of debt securities available for sale (4,517) (791)
Net (payments for) proceeds from bank-owned life insurance 7 2
Proceeds from sales of loans 26 107
Purchases of loans (439) (232)
Net change in loans 1,134 (2,225)
Purchases of mortgage servicing rights (126) (39)
Net purchases of other assets (47) (72)
Net cash from investing activities (262) (1,694)
Financing activities:    
Net change in deposits (1,172) (4,784)
Net change in short-term borrowings 513 3,000
Proceeds from long-term borrowings 2,746 2,000
Cash dividends on common stock (442) (374)
Cash dividends on preferred stock (49) (49)
Repurchases of common stock (189) 0
Taxes paid related to net share settlement of equity awards (24) (33)
Net cash from financing activities 1,383 (240)
Net change in cash and cash equivalents 1,678 (1,341)
Cash and cash equivalents at beginning of year 6,801 11,227
Cash and cash equivalents at end of year $ 8,479 $ 9,886