CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	6 Months Ended
Jun. 30, 2023	Jun. 30, 2022
Operating Activities
Net Income	$ 1,159	$ 1,056
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	341	224
Depreciation, amortization and accretion	232	218
Stock-based compensation expense	111	107
(Benefit from) provision for deferred income taxes	(127)	6
Securities (gains) losses, net	(11)	52
MSR fair value adjustment	40	(169)
Net gains on sales of loans and fair value adjustments on loans held for sale	(18)	(68)
Net gains on disposition and impairment of bank premises and equipment and operating lease equipment	(1)	(4)
Proceeds from sales of loans held for sale	2,557	6,463
Loans originated or purchased for sale, net of repayments	(2,289)	(5,022)
Dividends representing return on equity investments	26	17
Net change in:
Equity and trading debt securities	(121)	215
Other assets	82	357
Accrued taxes, interest and expenses and other liabilities	(180)	(807)
Net Cash Provided by Operating Activities	1,801	2,645
Proceeds from sales:
AFS securities and other investments	2,469	3,259
Loans and leases	41	94
Bank premises and equipment	3	1
Proceeds from repayments / maturities of AFS and HTM securities and other investments	2,084	2,776
Purchases:
AFS securities and other investments	(3,167)	(25,335)
Bank premises and equipment	(248)	(143)
MSRs	(23)	(191)
Proceeds from settlement of BOLI	9	31
Proceeds from sales and dividends representing return of equity investments	60	45
Net cash received for divestitures	0	46
Net cash paid on acquisitions	0	(918)
Net change in:
Other short-term investments	(2,592)	27,156
Portfolio loans and leases	(630)	(6,155)
Operating lease equipment	32	(39)
Net Cash (Used in) Provided by Investing Activities	(1,962)	627
Financing Activities
Net change in deposits	438	(8,151)
Net change in other short-term borrowings and federal funds purchased	1,058	6,507
Dividends paid on common and preferred stock	(559)	(472)
Proceeds from issuance of long-term debt	35	1,007
Repayment of long-term debt	(1,433)	(1,642)
Repurchases of treasury stock and related forward contract	(200)	0
Other	(50)	(78)
Net Cash Used in Financing Activities	(711)	(2,829)
(Decrease) Increase in Cash and Due from Banks	(872)	443
Cash and Due from Banks at Beginning of Period	3,466	2,994
Cash and Due from Banks at End of Period	$ 2,594	$ 3,437

The gains and losses included in earnings that represent the difference between the sale price and the carrying value of loans and Leases that were sold during the reporting period and loans held for sale which are still held at period end. This element refers to the gain (loss) and not to the cash proceeds of the sales. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method.

No definition available.