CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	6 Months Ended
Jun. 30, 2024	Jun. 30, 2023
Operating Activities
Net Income	$ 1,122	$ 1,159
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	191	341
Depreciation, amortization and accretion	248	232
Stock-based compensation expense	100	111
Benefit from deferred income taxes	(2)	(127)
Securities gains, net	(15)	(11)
MSR fair value adjustment	22	40
Net gains on sales of loans and fair value adjustments on loans held for sale	(10)	(18)
Net gains on disposition and impairment of bank premises and equipment and operating lease equipment	(2)	(1)
Proceeds from sales of loans held for sale	1,547	2,557
Loans originated or purchased for sale, net of repayments	(1,749)	(2,289)
Dividends representing return on equity method investments	20	26
Net change in:
Equity and trading debt securities	(104)	(121)
Other assets	(243)	82
Accrued taxes, interest and expenses and other liabilities	(60)	(180)
Net Cash Provided by Operating Activities	1,065	1,801
Proceeds from sales:
AFS securities and other investments	289	2,469
Loans and leases	186	41
Bank premises and equipment	16	3
MSRs	5	0
Proceeds from repayments / maturities of AFS and HTM securities and other investments	2,609	2,084
Purchases:
AFS securities, equity method investments and other investments	(3,197)	(3,167)
Bank premises and equipment	(156)	(248)
MSRs	0	(23)
Proceeds from settlement of BOLI	19	9
Proceeds from sales and dividends representing return of equity method investments	5	60
Net cash received for divestitures	6	0
Net change in:
Other short-term investments	997	(2,592)
Portfolio loans and leases	247	(630)
Operating lease equipment	25	32
Net Cash Provided by (Used in) Investing Activities	1,051	(1,962)
Financing Activities
Net change in deposits	(2,144)	438
Net change in other short-term borrowings and federal funds purchased	503	1,058
Dividends paid on common and preferred stock	(567)	(559)
Proceeds from long-term debt issuances/advances	2,506	35
Repayment of long-term debt	(2,542)	(1,433)
Repurchases of treasury stock and related forward contract	(125)	(200)
Other	(52)	(50)
Net Cash Used in Financing Activities	(2,421)	(711)
Decrease in Cash and Due from Banks	(305)	(872)
Cash and Due from Banks at Beginning of Period	3,142	3,466
Cash and Due from Banks at End of Period	$ 2,837	$ 2,594

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.