v3.26.1
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Operating Activities:              
Net income $ 1,084,000,000 $ 764,000,000 $ 693,000,000 $ 644,000,000 $ 1,848,000,000 $ 1,337,000,000  
Adjustments to reconcile net income to net cash provided by operating activities:              
Deferred income tax         100,000,000 (64,000,000)  
Amortization of other intangible assets 55,000,000   56,000,000   112,000,000 110,000,000 $ 223,000,000
Other non-cash adjustments for depreciation, amortization and accretion, net         305,000,000 95,000,000  
Gains related to investment securities, net         (1,000,000) 0  
Provision for credit losses 0   30,000,000   16,000,000 42,000,000  
Change in trading account assets, net         (29,000,000) (22,000,000)  
Change in accrued interest and fees receivable, net         (472,000,000) (555,000,000)  
Change in collateral deposits, net         (13,578,000,000) (13,138,000,000)  
Change in unrealized losses on foreign exchange derivatives, net         (4,820,000,000) 5,909,000,000  
Change in other assets, net         (2,614,000,000) (2,680,000,000)  
Change in accrued expenses and other liabilities, net         4,336,000,000 2,639,000,000  
Other, net         328,000,000 282,000,000  
Net cash used in operating activities         (14,469,000,000) (6,045,000,000)  
Investing Activities:              
Net increase in interest-bearing deposits with banks         (18,293,000,000) (5,879,000,000)  
Net increase in securities purchased under resale agreements         (2,223,000,000) (1,595,000,000)  
Proceeds from sales of available-for-sale securities 1,490,000,000       5,428,000,000 7,521,000,000  
Proceeds from maturities of available-for-sale securities         10,765,000,000 16,242,000,000  
Purchases of available-for-sale securities         (21,819,000,000) (32,205,000,000)  
Proceeds from maturities of held-to-maturity securities         2,853,000,000 4,708,000,000  
Sale of loans         604,000,000 151,000,000  
Net increase in loans         (6,268,000,000) (3,285,000,000)  
Purchases of equity investments and other long-term assets         (412,000,000) (259,000,000)  
Purchases of premises and equipment, net         (945,000,000) (545,000,000)  
Other, net         141,000,000 155,000,000  
Net cash used in investing activities         (30,169,000,000) (14,991,000,000)  
Financing Activities:              
Net decrease in time deposits         (1,512,000,000) (1,941,000,000)  
Net increase in all other deposits         46,707,000,000 23,036,000,000  
Net decrease in securities sold under repurchase agreements         (446,000,000) (1,304,000,000)  
Net increase in other short-term borrowings         551,000,000 4,000,000  
Proceeds from issuance of long-term debt, net of issuance costs         1,615,000,000 4,728,000,000  
Payments for long-term debt and obligations under finance leases         (918,000,000) (2,325,000,000)  
Proceeds from issuance of preferred stock, net of issuance costs         0 743,000,000  
Repurchases of common stock         (800,000,000) (400,000,000)  
Repurchases of common stock for employee tax withholding         (107,000,000) (71,000,000)  
Payments for cash dividends         (584,000,000) (549,000,000)  
Other, net         (11,000,000) (10,000,000)  
Net cash provided by financing activities         44,495,000,000 21,911,000,000  
Net (decrease) increase in cash and due from banks         (143,000,000) 875,000,000  
Cash and due from banks at beginning of period   $ 4,433,000,000   $ 3,145,000,000 4,433,000,000 3,145,000,000 3,145,000,000
Cash and due from banks at end of period $ 4,290,000,000   $ 4,020,000,000   4,290,000,000 4,020,000,000 $ 4,433,000,000
Supplemental disclosure:              
Interest paid         3,675,000,000 4,480,000,000  
Income taxes paid, net         $ 322,000,000 $ 369,000,000