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Consolidated Statements Of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net income $ 848 $ 801
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 77 27
Benefit for deferred income taxes (25) (31)
Depreciation and amortization 64 71
Net periodic defined benefit credit (20) (68)
Share-based compensation expense 44 48
Net amortization of securities 15 24
Net gains on sales of foreclosed property and other bank property (22) (2)
Accrued income receivable (70) (95)
Accrued expenses payable 134 18
Other, net (916) (752)
Net cash provided by operating activities 129 41
INVESTING ACTIVITIES    
Maturities and redemptions 2,061 2,003
Purchases 0 (7,470)
Net change in loans (15) (3,013)
Proceeds from sales of foreclosed property and other bank property 27 3
Net increase in premises and equipment (93) (58)
Purchases (504) (21)
Redemptions 274 0
Proceeds from bank-owned life insurance settlements 27 28
Other, net 2 0
Net cash provided by (used in) investing activities 1,779 (8,528)
FINANCING ACTIVITIES    
Deposits (4,529) (8,931)
Short-term borrowings 1,601 508
Maturities and redemptions (850) 0
Issuances and advances 4,000 500
Cash dividends paid on preferred stock (17) (17)
Repurchases (16) (43)
Cash dividends paid (274) (266)
Issuances under employee stock plans 9 27
Other, net (2) 0
Net cash used in financing activities (78) (8,222)
Net increase (decrease) in cash and cash equivalents 1,830 (16,709)
Cash and cash equivalents at beginning of period 6,282 22,679
Cash and cash equivalents at end of period 8,112 5,970
Interest paid 1,005 55
Income taxes paid $ 255 $ 182