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PARENT COMPANY FINANCIALS (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Condensed Statements of Operations | Condensed Statements of Operations
| Year Ended December 31,
(in millions) | 2018 |  | 2017 |  | 2016
OPERATING INCOME: |  |  |  |  |
Income from consolidated subsidiaries and excluding equity in undistributed earnings: |  |  |  |  |
Dividends from banking subsidiaries |  | $1,650 |  |  |  | $1,055 |  |  |  | $555 |
Interest | 46 |  |  | 43 |  |  | 53 |
Management and service fees | 22 |  |  | 31 |  |  | 26 |
Income from nonbank subsidiaries and excluding equity in undistributed earnings: |  |  |  |  |
Dividends from nonbank subsidiaries | 5 |  |  | 4 |  |  | — |
Interest | 2 |  |  | 1 |  |  | — |
Equity securities gains | — |  |  | 1 |  |  | 3 |
All other operating income | 1 |  |  | 1 |  |  | 7 |
Total operating income | 1,726 |  |  | 1,136 |  |  | 644 |
OPERATING EXPENSE: |  |  |  |  |
Salaries and employee benefits | 25 |  |  | 40 |  |  | 37 |
Interest expense | 89 |  |  | 97 |  |  | 99 |
All other expenses | 23 |  |  | 22 |  |  | 15 |
Total operating expense | 137 |  |  | 159 |  |  | 151 |
Income before taxes and undistributed income | 1,589 |  |  | 977 |  |  | 493 |
Income taxes | (13 | ) |  | (10 | ) |  | (26 | )
Income before undistributed earnings of subsidiaries | 1,602 |  |  | 987 |  |  | 519 |
Equity in undistributed earnings of subsidiaries: |  |  |  |  |
Bank | 109 |  |  | 655 |  |  | 522 |
Nonbank | 10 |  |  | 10 |  |  | 4 |
Net income |  | $1,721 |  |  |  | $1,652 |  |  |  | $1,045 |
Other comprehensive income (loss), net of income taxes: |  |  |  |  |
Net pension plan activity arising during the period |  | $5 |  |  |  | ($1 | ) |  |  | ($2 | )
Net unrealized derivative instrument gains (losses) arising during the period | 2 |  |  | 1 |  |  | (8 | )
Other comprehensive income (loss) activity of the Parent Company, net of income taxes | 7 |  |  | — |  |  | (10 | )
Other comprehensive loss activity of Bank subsidiaries, net of income taxes | (283 | ) |  | (7 | ) |  | (271 | )
Total other comprehensive loss, net of income taxes | (276 | ) |  | (7 | ) |  | (281 | )
Total comprehensive income |  | $1,445 |  |  |  | $1,645 |  |  |  | $764 |
Condensed Balance Sheets | Condensed Balance Sheets
(in millions) | December 31, 2018 |  | December 31, 2017
ASSETS: |  |  |
Cash and due from banks |  | $961 |  |  |  | $563 |
Loans and advances to: |  |  |
Bank subsidiaries | 1,158 |  |  | 1,160 |
Nonbank subsidiaries | 70 |  |  | 70 |
Investments in subsidiaries: |  |  |
Bank subsidiaries | 20,590 |  |  | 20,765 |
Nonbank subsidiaries | 83 |  |  | 73 |
Other assets | 117 |  |  | 125 |
TOTAL ASSETS |  | $22,979 |  |  |  | $22,756 |
LIABILITIES: |  |  |
Long-term borrowed funds due to: |  |  |
Unaffiliated companies |  | $1,987 |  |  |  | $2,320 |
Other liabilities | 175 |  |  | 166 |
TOTAL LIABILITIES | 2,162 |  |  | 2,486 |
TOTAL STOCKHOLDERS’ EQUITY | 20,817 |  |  | 20,270 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |  | $22,979 |  |  |  | $22,756 |
Condensed Cash Flow Statements | Condensed Cash Flow Statements
| Year Ended December 31,
(in millions) | 2018 |  |  | 2017 |  |  | 2016 |
OPERATING ACTIVITIES |  |  |  |  |
Net income |  | $1,721 |  |  |  | $1,652 |  |  |  | $1,045 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Deferred income taxes | 17 |  |  | (11 | ) |  | 5 |
Gain on sales of assets | — |  |  | (1 | ) |  | (3 | )
Equity in undistributed earnings of subsidiaries | (120 | ) |  | (665 | ) |  | (526 | )
Increase (decrease) in other liabilities | 11 |  |  | 99 |  |  | (19 | )
(Increase) decrease in other assets | (7 | ) |  | 5 |  |  | 35 |
Other operating, net | 40 |  |  | (1 | ) |  | (4 | )
Total adjustments | (59 | ) |  | (574 | ) |  | (512 | )
Net cash provided by operating activities | 1,662 |  |  | 1,078 |  |  | 533 |
INVESTING ACTIVITIES |  |  |  |  |
Investments in and advances to subsidiaries | — |  |  | (230 | ) |  | (40 | )
Repayment of investments in and advances to subsidiaries | — |  |  | 167 |  |  | 588 |
Other investing, net | (1 | ) |  | (1 | ) |  | (2 | )
Net cash (used) provided by investing activities | (1 | ) |  | (64 | ) |  | 546 |
FINANCING ACTIVITIES |  |  |  |  |
Proceeds from issuance of long-term borrowed funds | — |  |  | — |  |  | 349 |
Repayments of long-term borrowed funds | (333 | ) |  | — |  |  | (625 | )
Proceeds from issuance of common stock | — |  |  | 34 |  |  | 22 |
Treasury stock purchased | (1,025 | ) |  | (820 | ) |  | (430 | )
Net proceeds from issuance of preferred stock | 593 |  |  | — |  |  | — |
Dividends declared and paid to common stockholders | (471 | ) |  | (322 | ) |  | (241 | )
Dividends declared and paid to preferred stockholders | (14 | ) |  | (14 | ) |  | (14 | )
Other financing, net | (13 | ) |  | — |  |  | — |
Net cash used by financing activities | (1,263 | ) |  | (1,122 | ) |  | (939 | )
Increase (decrease) in cash and due from banks | 398 |  |  | (108 | ) |  | 140 |
Cash and due from banks at beginning of year | 563 |  |  | 671 |  |  | 531 |
Cash and due from banks at end of year |  | $961 |  |  |  | $563 |  |  |  | $671 |

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