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PARENT COMPANY FINANCIALS (Tables)
 12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Condensed Statements of Operations
Condensed Statements of Operations
Year Ended December 31,
 (in millions)202020192018
OPERATING INCOME:
Income from consolidated subsidiaries and excluding equity in undistributed earnings:
       Dividends from banking subsidiaries$900 $1,130 $1,650 
       Interest42 48 46 
       Management and service fees54 42 22 
Income from nonbank subsidiaries and excluding equity in undistributed earnings:
       Dividends from nonbank subsidiaries40 8 5 
       Interest4 4 2 
  All other operating income1 1 1 
  Total operating income1,041 1,233 1,726 
OPERATING EXPENSE:
  Salaries and employee benefits27 35 25 
  Interest expense120 87 89 
  All other expenses30 27 23 
  Total operating expense177 149 137 
Income before taxes and undistributed income864 1,084 1,589 
  Income taxes(16)(10)(13)
Income before undistributed earnings of subsidiaries 880 1,094 1,602 
Equity in undistributed earnings of subsidiaries:
  Bank170 682 109 
  Nonbank7 15 10 
Net income$1,057 $1,791 $1,721 
Other comprehensive income (loss), net of income taxes:
Net pension plan activity arising during the period($3)($5)$5 
Net unrealized derivative instrument gains arising during the period2 2 2 
Other comprehensive (loss) income activity of the Parent Company, net of income taxes(1)(3)7 
Other comprehensive income (loss) activity of Bank subsidiaries, net of income taxes352 683 (283)
Total other comprehensive income (loss), net of income taxes351 680 (276)
Total comprehensive income$1,408 $2,471 $1,445 
Condensed Balance Sheets Condensed Balance Sheets
 (in millions)December 31, 2020December 31, 2019
ASSETS:
  Cash and due from banks$2,680 $1,418 
  Loans and advances to:
Bank subsidiary1,148 1,146 
Nonbank subsidiaries105 120 
  Investments in subsidiaries:
Bank subsidiary22,164 21,973 
Nonbank subsidiaries106 99 
  Other assets152 127 
TOTAL ASSETS$26,355 $24,883 
LIABILITIES:
  Long-term borrowed funds due to unaffiliated companies$3,441 $2,485 
  Other liabilities241 197 
TOTAL LIABILITIES3,682 2,682 
TOTAL STOCKHOLDERS’ EQUITY22,673 22,201 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$26,355 $24,883 
Condensed Cash Flow Statements
Condensed Cash Flow Statements
Year Ended December 31,
 (in millions)202020192018
OPERATING ACTIVITIES
Net income $1,057 $1,791 $1,721 
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes17 (8)17 
Equity in undistributed earnings of subsidiaries(177)(697)(120)
Increase in other liabilities43 50 11 
(Increase) decrease in other assets(41)7 (7)
Other operating, net48 58 40 
Net cash provided by operating activities947 1,201 1,662 
INVESTING ACTIVITIES
Investments in and advances to subsidiaries(190)(105)— 
Repayment of investments in and advances to subsidiaries205 55 — 
Other investing, net(1)(1)(1)
Net cash provided (used) by investing activities14 (51)(1)
FINANCING ACTIVITIES
Proceeds from issuance of long-term borrowed funds1,053 500 — 
Repayments of long-term borrowed funds(12)— (333)
Treasury stock purchased(270)(1,220)(1,025)
Net proceeds from issuance of preferred stock395 730 593 
Dividends declared and paid to common stockholders(672)(617)(471)
Dividends declared and paid to preferred stockholders(98)(65)(14)
Other financing, net(95)(21)(13)
Net cash provided (used) by financing activities301 (693)(1,263)
Increase in cash and due from banks1,262 457 398 
Cash and due from banks at beginning of year1,418 961 563 
Cash and due from banks at end of year$2,680 $1,418 $961