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Consolidated Statements Of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income $ 324 $ 189
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 30 (11)
Benefit for deferred income taxes (9) (2)
Depreciation and amortization 20 23
Net periodic defined benefit credit (7) (22)
Share-based compensation expense 28 28
Net amortization of securities 5 10
Accrued income receivable (34) (1)
Accrued expenses payable (102) (93)
Other, net 207 (831)
Net cash provided by (used in) operating activities 462 (710)
INVESTING ACTIVITIES    
Maturities and redemptions 1,021 806
Purchases 0 (3,605)
Net change in loans (1,524) (391)
Net increase in premises and equipment (21) (17)
Purchases (504) 0
Redemptions 20 0
Proceeds from bank-owned life insurance settlements 2 8
Other, net 0 2
Net cash used in investing activities (1,006) (3,197)
FINANCING ACTIVITIES    
Deposits (6,702) (5,104)
Short-term borrowings 7,805 0
Issuances and advances 4,000 0
Cash dividends paid (6) (6)
Repurchases (15) (39)
Cash dividends paid (88) (89)
Issuances under employee stock plans 2 18
Other, net 0 (2)
Net cash provided by (used in) financing activities 4,996 (5,222)
Net increase (decrease) in cash and cash equivalents 4,452 (9,129)
Cash and cash equivalents at beginning of period 6,282 22,679
Cash and cash equivalents at end of period 10,734 13,550
Interest paid 194 16
Income taxes paid $ 11 $ 5