Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 358 $ 326
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 67 66
Depreciation and amortization 131 105
Share-based compensation expense 17 15
Deferred income tax expense 15 93
Net change in:    
Trading account securities (61) 1
Loans held for sale 72 (27)
Other assets (284) (237)
Other liabilities 176 (49)
Other, net 6 1
Net cash provided by (used in) operating activities 497 294
Investing activities    
Change in interest bearing deposits in banks (111) 22
Proceeds from:    
Maturities and calls of available-for-sale securities 335 462
Maturities and calls of held-to-maturity securities 175 174
Maturities and calls of other securities 81 0
Sales of available-for-sale securities 0 203
Purchases of available-for-sale securities (354) (507)
Purchases of held-to-maturity securities (356) 0
Purchases of other securities (2) (2)
Net proceeds from sales of portfolio loans 227 76
Finance Lease, Principal Payments 172 0
Net loan and lease activity, excluding sales and purchases (528) (1,137)
Purchases of premises and equipment (24) (16)
Purchases of loans and leases (144) (68)
Other, net 14 17
Net cash provided by (used in) investing activities (515) (776)
Financing activities    
Increase in deposits (2,619) 2,430
Increase (decrease) in short-term borrowings 776 (2,181)
Net proceeds from issuance of long-term debt 835 51
Maturity/redemption of long-term debt (113) (572)
Dividends paid on preferred stock (18) (19)
Dividends paid on common stock (148) (118)
Repurchases of common stock (25) (48)
Net proceeds from issuance of preferred stock 0 495
Payments related to tax-withholding for share based compensation awards (8) (10)
Proceeds from (Payments for) Other Financing Activities 2 3
Net cash provided by (used for) financing activities (1,318) 31
Increase (decrease) in cash and cash equivalents (1,336) (451)
Cash and cash equivalents at beginning of period 2,672 1,520
Cash and cash equivalents at end of period 1,336 1,069
Supplemental disclosures:    
Interest paid 249 159
Income taxes paid 1 11
Non-cash activities    
Loans transferred to held-for-sale from portfolio 204 110
Loans transferred to portfolio from held-for-sale 3 31
Transfer of loans to OREO 6 6
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