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Consolidated Statements Of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income $ 344 $ 597
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for credit losses 14 63
Benefit for deferred income taxes (1) (15)
Depreciation and amortization 47 42
Net periodic defined benefit credit (24) (14)
Share-based compensation expense 36 35
Net amortization of securities 6 10
Net gain on sale of foreclosed property (1) 0
Accrued income receivable 15 (74)
Accrued expenses payable (181) 48
Other, net (349) (385)
Net cash (used in) provided by operating activities (94) 307
INVESTING ACTIVITIES    
Maturities and redemptions 959 1,684
Purchases (34) 0
Net change in loans 217 (2,361)
Proceeds from sales of foreclosed property 1 0
Net increase in premises and equipment (84) (54)
Purchases (400) (504)
Redemptions 494 79
Proceeds from bank-owned life insurance settlements 18 11
Net cash provided by (used in) investing activities 1,171 (1,145)
FINANCING ACTIVITIES    
Deposits (4,247) (5,366)
Short-term borrowings (2,315) 6,347
Issuances and advances of medium- and long-term debt 1,000 4,000
Cash dividends paid on preferred stock (11) (11)
Stock tendered for payment of withholding taxes (13) (16)
Cash dividends paid (185) (182)
Issuances under employee stock plans 4 7
Net cash (used in) provided by financing activities (5,767) 4,779
Net (decrease) increase in cash and cash equivalents (4,690) 3,941
Cash and cash equivalents at beginning of period 9,502 6,282
Cash and cash equivalents at end of period 4,812 10,223
Interest paid 1,025 538
Income taxes paid $ 62 $ 172