Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income $ 681 $ 480
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 122 93
Depreciation and amortization 228 211
Share-based compensation expense 44 52
Deferred income tax expense (benefit) 139 12
Net gains on sales of securities 0 (4)
Net change in:    
Trading account securities 1 39
Loans held for sale (274) (221)
Accrued income and other assets (170) (58)
Accrued expense and other liabilities (33) (60)
Other, net (136) 11
Net cash provided by (used in) operating activities 602 559
Investing activities    
Change in interest bearing deposits in banks 56 19
Proceeds from:    
Maturities and calls of available-for-sale securities 1,014 716
Maturities of held-to-maturity securities 350 523
Proceeds from Maturities, Prepayments and Calls of Other Investments 5 0
Sales of available-for-sale securities 381 406
Proceeds from Sale of Other Securities 0 6
Purchases of available-for-sale securities (771) (1,850)
Purchases of held-to-maturity securities (71) (9)
Payments To Acquire Other Securities 2 41
Net proceeds from sales of portfolio loans 310 259
Net loan and lease activity, excluding sales and purchases (2,619) (1,429)
Purchases of premises and equipment (38) (113)
Proceeds from sales of other real estate 13 18
Purchases of loans and leases (104) (94)
Other, net 18 9
Net cash provided by (used in) investing activities (1,458) (1,580)
Financing activities    
Increase (decrease) in deposits 2,546 326
Increase (decrease) in short-term borrowings (2,579) 838
Net proceeds from issuance of long-term debt 1,331 1,061
Maturity/redemption of long-term debt (734) (843)
Dividends paid on preferred stock (30) (38)
Dividends paid on common stock (240) (174)
Payments for Repurchase of Common Stock (48) 0
Proceeds from stock options exercised 4 6
Net proceeds from issuance of preferred stock 495 0
Payments related to tax-withholding for share based compensation awards (27) (25)
Other, net 0 0
Net cash provided by (used for) financing activities 718 1,151
Increase (decrease) in cash a cash equivalents (138) 130
Cash and cash equivalents at beginning of period 1,520 1,385
Cash and cash equivalents at end of period 1,382 1,515
Supplemental disclosures:    
Interest paid 320 185
Income taxes paid (refunded) (113) 54
Non-cash activities    
Loans transferred to held-for-sale from portfolio 316 298
Loans transferred to portfolio from held-for-sale 34 1
Transfer of loans to OREO 10 17
Available For Sale Securities Transferred To Held To Maturity Securities 2,833 0
Held To Maturity Securities Transferred To Available For Sale $ 2,707 $ 993