XML 289 R9.htm IDEA: XBRL DOCUMENT v3.24.2.u1Close
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Operating Activities:              
Net income $ 711 $ 463 $ 763 $ 549 $ 1,174 $ 1,312  
Adjustments to reconcile net income to net cash provided by operating activities:              
Deferred income tax         17 16  
Amortization of other intangible assets 60   60   120 120 $ 239
Other non-cash adjustments for depreciation, amortization and accretion, net         222 348  
Provision for credit losses 10   (18)   37 26  
Change in trading account assets, net         (7) (65)  
Change in accrued interest and fees receivable, net         (256) (298)  
Change in collateral deposits, net         (7,097) (3,257)  
Change in unrealized (gains) losses on foreign exchange derivatives, net         (4,394) (991)  
Change in other assets, net         717 (691)  
Change in accrued expenses and other liabilities, net         820 (360)  
Other, net         159 126  
Net cash (used in) provided by operating activities         (8,488) (3,714)   Close
Investing Activities:              
Net (increase) decrease in interest-bearing deposits with banks         (12,211) 15,545  
Net decrease in securities purchased under resale agreements         352 3,547  
Proceeds from sales of available-for-sale securities         1,479 694  
Proceeds from maturities of available-for-sale securities         8,397 7,494  
Purchases of available-for-sale securities         (22,416) (10,208)  
Proceeds from maturities of held-to-maturity securities         6,020 2,957  
Purchases of held-to-maturity securities         (5) (1,577)  
Sale of loans         202 390  
Net increase in loans         (3,232) (2,210)  
Business acquisitions, net of cash acquired         (194) 0  
Purchases of equity investments and other long-term assets         (48) 0  
Purchases of premises and equipment, net         (443) (352)  
Other, net         (75) 118  
Net cash (used in) provided by investing activities         (22,174) 16,398   Close
Financing Activities:              
Net (decrease) increase in time deposits         (3,759) 1,243  
Net increase (decrease) in all other deposits         21,951 (14,388)  
Net increase in securities sold under repurchase agreements         849 3,117  
Net increase in federal funds purchased         8,000 0  
Net increase (decrease) in other short-term borrowings         1,911 (2,044)  
Proceeds from issuance of long-term debt, net of issuance costs         996 3,235  
Payments for long-term debt and obligations under finance leases         (24) (1,024)  
Payments for redemption of preferred stock         (1,000) 0  
Proceeds from issuance of preferred stock, net of issuance costs         1,481 0  
Repurchases of common stock         (319) (2,300)  
Repurchases of common stock for employee tax withholding         (55) (71)  
Payments for cash dividends         (506) (492)  
Other, net         (12) 0  
Net cash provided by (used in) financing activities         29,513 (12,724)   Close
Net decrease in cash and due from banks         (1,149) (40)   Close
Cash and due from banks at beginning of period   $ 4,047   $ 3,970 4,047 3,970 3,970
Cash and due from banks at end of period $ 2,898   $ 3,930   2,898 3,930 $ 4,047
Supplemental disclosure:              
Interest paid         4,199 2,742  
Income taxes paid, net         $ 248 $ 215