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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net income $ 450 $ 678
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (1) (317)
(Benefit) provision for deferred income taxes (23) 69
Depreciation and amortization 46 51
Net periodic defined benefit credit (45) (41)
Share-based compensation expense 39 29
Net amortization of securities 18 16
Net gains on sales of foreclosed property (2) 0
Net change in accrued income receivable (42) 1
Net change in accrued expenses payable (44) 31
Other, net (748) (514)
Net cash (used in) provided by operating activities (352) 3
INVESTING ACTIVITIES    
Maturities and redemptions of investments securities available-for-sale 1,454 2,819
Purchases of investment securities available-for-sale (7,141) (3,828)
Net change in loans (2,528) 2,616
Proceeds from sales of foreclosed property and other repossessed assets 2 8
Net increase in premises and equipment (41) (35)
Redemptions of Federal Home Loan Bank stock 0 115
Proceeds from bank-owned life insurance settlements 14 6
Other, net 1 (12)
Net cash (used in) provided by investing activities (8,239) 1,689
FINANCING ACTIVITIES    
Net change in deposits (6,346) 2,481
Maturities and redemptions of medium- and long-term debt 0 (2,800)
Preferred stock cash dividends paid (11) (11)
Repurchases of common stock (40) (459)
Cash dividends paid on common stock (178) (190)
Issuances of common stock under employee stock plans 21 18
Other, net (1) 3
Net cash used in financing activities (6,555) (958)
Net (decrease) increase in cash and cash equivalents (15,146) 734
Cash and cash equivalents at beginning of period 22,679 15,767
Cash and cash equivalents at end of period 7,533 16,501
Interest paid 28 30
Income taxes paid $ 102 $ 96