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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net income $ 1,259 $ 287
Adjustments to reconcile net income to net change in cash due to operating activities:    
Provision for credit losses (353) 1,064
Net change in loans held for sale 322 (737)
Depreciation, amortization and accretion 317 316
Deferred income taxes 199 (208)
Share-based compensation 35 23
Debt securities (6) (3)
Premises and equipment (1) 0
Net (increase) decrease in other assets (2,129) (2,454)
Net increase (decrease) in other liabilities 247 299
Net change due to operating activities (110) (1,413)
Investment securities:    
Purchases of debt securities available for sale (6,413) (3,308)
Proceeds from maturities and paydowns of debt securities available for sale 4,321 2,521
Proceeds from sales of debt securities available for sale 104 0
Proceeds from maturities and paydowns of debt securities held to maturity 530 349
Net (increase) decrease in interest-bearing deposits in banks (95) (178)
Acquisitions, net of cash acquired 0 (3)
Net (increase) decrease in loans and leases 497 (7,014)
Capital expenditures, net (32) (53)
Purchase of bank-owned life insurance (500) 0
Other (115) 87
Net change due to investing activities (1,703) (7,599)
FINANCING ACTIVITIES    
Net increase (decrease) in deposits 3,472 18,305
Net increase (decrease) in short-term borrowed funds (183) (18)
Proceeds from issuance of long-term borrowed funds 0 8,309
Repayments of long-term borrowed funds (1,357) (13,253)
Treasury stock purchased (95) (270)
Net proceeds from issuance of preferred stock 296 395
Dividends paid to common stockholders (335) (336)
Dividends paid to preferred stockholders (55) (45)
Premium paid to exchange subordinated debt (1) 0
Payments of employee tax withholding for share-based compensation (21) (15)
Net change due to financing activities 1,721 13,072
Net change in cash and cash equivalents [1] (92) 4,060
Cash and cash equivalents at beginning of period [1] 12,733 3,386
Cash and cash equivalents at end of period [1] $ 12,641 $ 7,446
[1] Cash and cash equivalents includes cash and due from banks and interest-bearing cash and due from banks as reflected in the Consolidated Balance Sheets.