Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Statement of Cash Flows [Abstract]    
Net cash paid for branch disposition $ (548) $ 0
Operating activities    
Net income 1,094 1,059
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 208 175
Depreciation and amortization 308 350
Share-based compensation expense 64 59
Deferred income tax expense (6) 125
Net losses on sales of securities 2 2
Net change in:    
Trading account securities (51) 3
Loans held for sale (356) (384)
Other assets (662) (325)
Other liabilities 297 215
Other, net 2 (133)
Net cash provided by (used in) operating activities 898 1,144
Investing activities    
Change in interest bearing deposits in banks (121) 62
Proceeds from:    
Maturities and calls of available-for-sale securities 1,338 1,539
Maturities and calls of held-to-maturity securities 656 573
Maturities and calls of other securities 153 40
Sales of available-for-sale securities 1,746 381
Purchases of available-for-sale securities (3,174) (1,044)
Purchases of held-to-maturity securities (516) (71)
Purchases of other securities (5) (5)
Net proceeds from sales of portfolio loans 670 461
Finance Lease, Principal Payments 544 0
Net loan and lease activity, excluding sales and purchases (1,162) (3,583)
Purchases of premises and equipment (82) (62)
Purchases of loans and leases (311) (318)
Other, net 49 50
Net cash provided by (used in) investing activities (763) (1,977)
Financing activities    
Increase (decrease) in deposits (1,654) 4,648
Increase (decrease) in short-term borrowings (196) 3,613
Net proceeds from issuance of long-term debt 1,737 2,171
Maturity/redemption of long-term debt (684) (1,915)
Dividends paid on preferred stock (55) (51)
Dividends paid on common stock (442) (362)
Repurchases of common stock (245) (739)
Net proceeds from issuance of preferred stock 0 495
Payments related to tax-withholding for share based compensation awards (26) (27)
Proceeds from (Payments for) Other Financing Activities 2 5
Net cash provided by (used for) financing activities (1,171) 612
Increase (decrease) in cash and cash equivalents (1,036) (221)
Cash and cash equivalents at beginning of period 2,672 1,520
Cash and cash equivalents at end of period 1,636 1,299
Supplemental disclosures:    
Interest paid 758 527
Income taxes paid (refunded) 54 (112)
Non-cash activities    
Loans transferred to held-for-sale from portfolio 744 470
Loans transferred to portfolio from held-for-sale 14 49
Transfer of loans to OREO 16 15
Transfer of securities from held-to-maturity to available-for-sale 0 (2,707)
Transfer of securities from available-for-sale to held-to-maturity $ 0 $ 2,833