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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net income $ 881 $ 1,151 $ 1,168
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 89 60 (384)
Provision for deferred income taxes (92) (27) 79
Depreciation and amortization 87 92 99
Net periodic defined benefit credit (27) (91) (81)
Share-based compensation expense 52 60 41
Net amortization of securities 19 30 36
Net gains on sales of foreclosed and other bank property (36) (2) 0
Increase (Decrease) in Interest and Dividends Receivable (65) (152) 13
Net change in accrued expenses payable 348 131 132
Other, net (5) (614) (469)
Net cash provided by operating activities 1,251 638 634
INVESTING ACTIVITIES      
Maturities and redemptions of investment securities available-for-sale 2,485 2,511 5,536
Purchases of investment securities available-for-sale 0 (7,470) (7,936)
Net change in loans 1,265 (4,824) 4,067
Proceeds from sales of foreclosed property 44 3 8
Net increase in premises and equipment (153) (82) (70)
Purchases of Federal Home Loan Bank stock (504) (131) 0
Redemptions of Federal Home Loan Bank stock 325 0 115
Proceeds from bank-owned life insurance settlements 30 39 16
Other, net 2 2 (13)
Net cash used in investing activities 3,494 (9,952) 1,723
FINANCING ACTIVITIES      
Net change in deposits (4,634) (10,401) 8,438
Net change in short-term borrowings 354 3,211 0
Maturities and redemptions of medium- and long-term debt (850) 0 (2,800)
Issuances and advances of medium- and long-term debt 4,000 500 0
Cash dividends paid on preferred stock (23) (23) (23)
Repurchases of common stock (17) (43) (729)
Cash dividends paid on common stock (371) (353) (369)
Issuances of common stock under employee stock plans 18 28 34
Other, net (2) (2) 4
Net cash provided by (used in) financing activities (1,525) (7,083) 4,555
Net (decrease) increase in cash and cash equivalents 3,220 (16,397) 6,912
Cash and cash equivalents at beginning of period 6,282 22,679 15,767
Cash and cash equivalents at end of period 9,502 6,282 22,679
Interest paid 1,449 130 57
Income taxes paid $ 317 $ 277 $ 157