v3.25.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Operating Activities:              
Net income $ 693 $ 644 $ 711 $ 463 $ 1,337 $ 1,174  
Adjustments to reconcile net income to net cash provided by operating activities:              
Deferred income tax         (64) 17  
Amortization of other intangible assets 56   60   110 120 $ 230
Other non-cash adjustments for depreciation, amortization and accretion, net         95 222  
Provision for credit losses 30   10   42 37  
Change in trading account assets, net         (22) (7)  
Change in accrued interest and fees receivable, net         (555) (256)  
Change in collateral deposits, net         (13,138) (7,097)  
Change in unrealized losses (gains) on foreign exchange derivatives, net         5,909 (4,394)  
Change in other assets, net         (2,680) 717  
Change in accrued expenses and other liabilities, net         2,639 820  
Other, net         282 159  
Net cash used in operating activities         (6,045) (8,488)  
Investing Activities:              
Net increase in interest-bearing deposits with banks         (5,879) (12,211)  
Net (increase) decrease in securities purchased under resale agreements         (1,595) 352  
Proceeds from sales of available-for-sale securities 5,470       7,521 1,479  
Proceeds from maturities of available-for-sale securities         16,242 8,397  
Purchases of available-for-sale securities         (32,205) (22,416)  
Proceeds from maturities of held-to-maturity securities         4,708 6,020  
Purchases of held-to-maturity securities         0 (5)  
Sale of loans         151 202  
Net increase in loans         (3,285) (3,232)  
Business acquisitions, net of cash acquired         0 (194)  
Purchases of equity investments and other long-term assets         (259) (48)  
Purchases of premises and equipment, net         (545) (443)  
Other, net         155 (75)  
Net cash used in investing activities         (14,991) (22,174)  
Financing Activities:              
Net decrease in time deposits         (1,941) (3,759)  
Net increase in all other deposits         23,036 21,951  
Net (decrease) increase in securities sold under repurchase agreements         (1,304) 849  
Net increase in other short-term borrowings         4 9,911  
Proceeds from issuance of long-term debt, net of issuance costs         4,728 996  
Payments for long-term debt and obligations under finance leases         (2,325) (24)  
Payments for redemption of preferred stock         0 (1,000)  
Proceeds from issuance of preferred stock, net of issuance costs         743 1,481  
Repurchases of common stock         (400) (319)  
Repurchases of common stock for employee tax withholding         (71) (55)  
Payments for cash dividends         (549) (506)  
Other, net         (10) (12)  
Net cash provided by financing activities         21,911 29,513  
Net increase (decrease) in cash and due from banks         875 (1,149)  
Cash and due from banks at beginning of period   $ 3,145   $ 4,047 3,145 4,047 4,047
Cash and due from banks at end of period $ 4,020   $ 2,898   4,020 2,898 $ 3,145
Supplemental disclosure:              
Interest paid         4,480 4,199  
Income taxes paid, net         $ 369 $ 248