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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net income $ 1,057 $ 1,791 $ 1,721
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 1,616 393 326
Net change in loans held for sale 32 (672) 26
Depreciation, amortization and accretion 567 622 486
Amortization of intangibles 11 11 3
Deferred income taxes (238) 64 97
Share-based compensation 48 41 41
Net gain on sales of:      
Debt securities (4) (25) (19)
Premises and equipment 0 (6) 0
Increase in other assets (3,979) (853) (1,217)
Increase in other liabilities 1,001 331 303
Net cash provided by operating activities 111 1,697 1,767
Investment securities:      
Purchases of debt securities available for sale (9,271) (8,422) (4,270)
Proceeds from maturities and paydowns of debt securities available for sale 6,943 3,946 3,258
Proceeds from sales of debt securities available for sale 585 5,016 998
Proceeds from maturities and paydowns of debt securities held to maturity 897 398 522
Net (increase) decrease in interest-bearing deposits in banks (9) (149) 44
Acquisitions, net of cash acquired (3) (129) (533)
Net increase in loans and leases (5,095) (4,334) (6,445)
Capital expenditures, net (118) (95) (232)
Other (65) (106) (419)
Net cash used in investing activities (6,136) (3,875) (7,077)
FINANCING ACTIVITIES      
Net increase in deposits 21,851 5,738 4,486
Net decrease in short-term borrowed funds (39) (1,048) (4,870)
Proceeds from issuance of long-term borrowed funds 8,323 12,850 22,503
Repayments of long-term borrowed funds (14,022) (14,857) (14,837)
Treasury stock purchased (270) (1,220) (1,025)
Net proceeds from issuance of preferred stock 395 730 593
Dividends declared and paid to common stockholders (672) (617) (471)
Dividends declared and paid to preferred stockholders (98) (65) (14)
Premium paid to exchange debt (80) 0 0
Payments of employee tax withholding for share-based compensation (16) (21) (13)
Net cash provided by financing activities 15,372 1,490 6,352
Increase (decrease) in cash and cash equivalents [1] 9,347 (688) 1,042
Cash and cash equivalents at beginning of period [1] 3,386 4,074 3,032
Cash and cash equivalents at end of period [1] 12,733 3,386 4,074
Supplemental disclosures:      
Interest paid 837 1,560 1,184
Income taxes paid 261 326 241
Non-cash items:      
Transfer of securities from available for sale to held to maturity 813 192 0
Transfer of securities from held to maturity to available for sale 0 734 0
Loans securitized and transferred to securities available for sale 956 150 142
Loans securitized and transferred to securities held to maturity 111 0 0
Stock issued for share-based compensation plans 30 59 20
Stock issued for Employee Stock Purchase Plan $ 19 $ 17 $ 14
[1] Cash and cash equivalents include cash and due from banks and interest-bearing cash and due from banks as reflected on the Consolidated Balance Sheets.