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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 941 $ 887
Short-term investments 10,817 2,432
Trading account assets 1,142 829
Securities available for sale 37,185 39,117
Held-to-maturity securities (fair value: $8,056 and $8,113) 8,575 8,710
Other investments 1,244 1,308
Loans, net of unearned income of $356 and $368 112,606 119,394
Allowance for loan and lease losses (1,508) (1,337)
Net loans 111,098 118,057
Loans held for sale [1] 483 963
Premises and equipment 661 636
Goodwill 2,752 2,752
Other intangible assets 55 94
Corporate-owned life insurance 4,383 4,369
Accrued income and other assets 8,601 9,223
Discontinued assets 344 436
Total assets 188,281 189,813
Deposits in domestic offices:    
Interest-bearing deposits 114,859 101,761
Noninterest-bearing deposits 30,728 40,834
Total deposits 145,587 142,595
Federal funds purchased and securities sold under repurchase agreements 38 4,077
Bank notes and other short-term borrowings 3,053 5,386
Accrued expense and other liabilities 5,412 4,994
Long-term debt 19,554 19,307
Total liabilities 173,644 176,359
EQUITY    
Preferred stock 2,500 2,500
Common Shares, $1 par value; authorized 2,100,000,000 and 2,100,000,000 shares; issued 1,256,702,081 and 1,256,702,081 shares 1,257 1,257
Capital surplus 6,281 6,286
Retained earnings 15,672 15,616
Treasury stock, at cost (320,138,094 and 323,377,500 shares) (5,844) (5,910)
Accumulated other comprehensive income (loss) (5,229) (6,295)
Total equity 14,637 13,454
Total liabilities and equity $ 188,281 $ 189,813
[1] Total loans held for sale include Real estate — residential mortgage loans held for sale at fair value of $51 million at December 31, 2023, and $24 million at December 31, 2022