v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities:    
Net income $ 1,261 $ 1,200
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 458 500
Depreciation 145 164
Amortization of intangibles 75 109
Net change in operating assets and liabilities:    
LHFS 316 (349)
Pension asset (72) (57)
Derivative assets and liabilities (613) 255
Trading assets (738) (936)
Other assets and other liabilities (276) (1,985)
Other, net 190 109
Net cash from operating activities 746 (990)
Cash Flows From Investing Activities:    
Proceeds from sales of AFS securities 722 6
Proceeds from maturities, calls and paydowns of AFS securities 3,906 3,923
Purchases of AFS securities (4,143) (3,807)
Proceeds from maturities, calls and paydowns of HTM securities 833 808
Payments for (Proceeds from) Loans Receivable (2,445) 4,515
Purchases of loans and leases (500) (39)
Proceeds from Sale, Loan, Held-for-Investment 174 216
Net cash received (paid) for securities borrowed or purchased under agreements to resell (260) 287
Other, net 82 (6)
Net cash from investing activities (1,631) 5,903
Cash Flows From Financing Activities:    
Net change in deposits 13,212 (1,599)
Net change in short-term borrowings (5,462) 1,493
Proceeds from issuance of long-term debt 552 8,130
Repayment of long-term debt (3,669) (7,750)
Repurchase of common stock (500) 0
Cash dividends paid on common stock (679) (694)
Cash dividends paid on preferred stock (104) (106)
Other, net (62) (46)
Net cash from financing activities 3,288 (572)
Net Change in Cash and Cash Equivalents 2,403 4,341
Cash and Cash Equivalents of Continuing and Discontinued Operations, January 1 39,768 30,644
Cash and Cash Equivalents of Continuing and Discontinued Operations, March 31 42,171 34,985
Supplemental Disclosure of Cash Flow Information:    
Net cash paid (received) during the period for interest expense 2,378 2,826
Net cash paid (received) during the period for income taxes $ 38 $ 30