v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income (loss) $ 1,031 $ 830
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for credit losses 198 256
Depreciation, amortization, and accretion, net (10) 11
Increase in cash surrender value of corporate-owned life insurance (60) (59)
Stock-based compensation expense 64 63
Deferred income taxes (benefit) 51 16
Proceeds from sales of loans held for sale 3,987 3,767
Originations of loans held for sale, net of repayments (4,020) (3,506)
Net losses (gains) on sales of loans held for sale (66) (60)
Net losses (gains) on leased equipment (1) 0
Net securities and other investments losses (gains) (3) 0
Net losses (gains) on sales of fixed assets 1 0
Net change in:    
Trading account assets 125 (91)
Accrued income and other assets (417) 95
Accrued expense and other liabilities (529) (733)
Other operating activities, net (154) 505
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 197 1,094
INVESTING ACTIVITIES    
Net decrease (increase) in short-term investments, excluding acquisitions (2,253) 5,940
Purchases of securities available for sale (2,956) (5,419)
Proceeds from sales of securities available for sale 650 0
Proceeds from prepayments and maturities of securities available for sale 3,200 3,256
Proceeds from prepayments and maturities of held-to-maturity securities 843 484
Purchases of held-to-maturity securities (1,732) 0
Net decrease (increase) in other investments (281) (16)
Net decrease (increase) in loans, excluding acquisitions, sales and transfers (4,178) (2,294)
Proceeds from sales of portfolio loans 108 66
Proceeds from corporate-owned life insurance 36 30
Purchases of premises, equipment, and software (38) (33)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (6,601) 2,017
FINANCING ACTIVITIES    
Net increase (decrease) in deposits 4,376 (2,855)
Net increase (decrease) in short-term borrowings 2,601 630
Net proceeds from issuance of long-term debt 2,119 1,411
Payments on long-term debt (984) (1,714)
Common Share repurchases (a) (727) 0
Employee equity compensation program Common Share repurchases (47) (35)
Net proceeds from reissuance of Common Shares 7 3
Cash dividends paid (517) (528)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 6,828 (3,088)
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 424 23
CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD 1,287 1,743
CASH AND DUE FROM BANKS AT END OF PERIOD 1,711 1,766
Additional disclosures relative to cash flows:    
Interest paid 1,533 1,912
Income taxes paid (refunded) 101 4
Noncash items:    
Reduction of secured borrowing and related collateral 1 1
Loans transferred to portfolio from held for sale 13 71
Loans transferred to held for sale from portfolio 34 6
Loans transferred to OREO $ 2 $ 2