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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income $ 698 $ 881 $ 1,151
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 49 89 60
Benefit for deferred income taxes (1) (92) (27)
Depreciation and amortization 96 87 92
Net periodic defined benefit credit (47) (27) (91)
Share-based compensation expense 54 52 60
Net amortization of securities 7 19 30
Net securities losses 19 0 0
Net gains (losses) on sales of foreclosed and other bank property (17) (36) (2)
Net change in accrued income receivable 83 (65) (152)
Net change in accrued expenses payable (157) 348 131
Other, net (183) (5) (614)
Net cash provided by operating activities 601 1,251 638
INVESTING ACTIVITIES      
Maturities and redemptions of investment securities available-for-sale 2,213 2,485 2,511
Sales of investment securities available-for-sale 816 0 0
Purchases of investment securities available-for-sale (1,332) 0 (7,470)
Net change in loans 1,514 1,265 (4,824)
Proceeds from sales of foreclosed property 22 44 3
Net increase in premises and equipment (153) (153) (82)
Purchases of Federal Home Loan Bank stock (613) (504) (131)
Redemptions of Federal Home Loan Bank Stock 759 325 0
Proceeds from bank-owned life insurance settlements 35 30 39
Other, net 0 2 2
Net cash provided by (used in) investing activities 3,261 3,494 (9,952)
FINANCING ACTIVITIES      
Net change in deposits (3,003) (4,634) (10,401)
Net change in short-term borrowings (3,565) 354 3,211
Maturities and redemptions of medium- and long-term debt (500) (850) 0
Issuances and advances of medium- and long-term debt 1,000 4,000 500
Cash dividends paid on preferred stock (23) (23) (23)
Repurchases of common stock (100) 0 (36)
Stock tendered for payment of withholding taxes on common stock (14) (17) (7)
Cash dividends paid on common stock (377) (371) (353)
Issuances of common stock under employee stock plans 22 18 28
Other, net 0 (2) (2)
Net cash used in financing activities (6,560) (1,525) (7,083)
Net (decrease) increase in cash and cash equivalents (2,698) 3,220 (16,397)
Cash and cash equivalents at beginning of period 9,502 6,282 22,679
Cash and cash equivalents at end of period 6,804 9,502 6,282
Interest paid 1,892 1,449 130
Income taxes paid $ 101 $ 317 $ 277