Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 326 $ 208
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 66 68
Depreciation and amortization 105 211
Share-based compensation expense 15 (2)
Deferred income tax expense (benefit) 93 (20)
Net gains on sales of securities 0 0
Impairment losses recognized in earnings on available-for-sale securities 0 0
Net Change in:    
Trading account securities 1 35
Loans held for sale (27) 24
Accrued income and other assets (237) 54
Accrued expense and other liabilities (49) (188)
Other, net 1 6
Net cash provided by (used in) operating activities 294 396
Investing activities    
Change in interest bearing deposits in banks 22 17
Proceeds from:    
Maturities and calls of available-for-sale securities 462 116
Maturities of held-to-maturity securities 174 279
Sales of available-for-sale securities 203 165
Purchases of available-for-sale securities (507) (882)
Purchases of held-to-maturity securities 0 (9)
Net proceeds from sales of portfolio loans 76 119
Net loan and lease activity, excluding sales and purchases (1,137) (437)
Purchases of premises and equipment (16) (55)
Proceeds from sales of other real estate 8 6
Purchases of loans and leases (68) (44)
Other, net 9 (6)
Net cash provided by (used in) investing activities (776) (736)
Financing activities    
Increase (decrease) in deposits 2,430 1,815
Increase (decrease) in short-term borrowings (2,181) (2,433)
Net proceeds from issuance of long-term debt 51 1,029
Maturity/redemption of long-term debt (572) (48)
Dividends paid on preferred stock (19) (19)
Dividends paid on common stock (118) (87)
Payments for Repurchase of Common Stock (48) 0
Proceeds from stock options exercised 3 5
Net proceeds from issuance of preferred stock 495 0
Payments related to tax-withholding for share based compensation awards (10) 0
Other, net 0 3
Net cash provided by (used for) financing activities 31 265
Increase (decrease) in cash a cash equivalents (451) (75)
Cash and cash equivalents at beginning of period 1,520 1,385
Cash and cash equivalents at end of period 1,069 1,310
Supplemental disclosures:    
Interest paid 159 86
Income taxes paid (refunded) 11 1
Non-cash activities    
Loans transferred to held-for-sale from portfolio 110 159
Loans transferred to portfolio from held-for-sale 31 0
Transfer of loans to OREO 6 10
Available For Sale Securities Transferred To Held To Maturity Securities 2,833 0
Payments To Acquire Other Securities (2) (5)
Held To Maturity Securities Transferred To Available For Sale $ 2,707 $ 0