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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Net income $ 2,521 $ 1,094 $ 1,582
Adjustments to reconcile net income to net cash from operating activities:      
Provision for (benefit from) credit losses (1) [1],[2] (524) 1,330 387
Depreciation, amortization and accretion, net 371 421 426
Securities (gains) losses, net (3) (4) 28
Deferred income tax expense (benefit) 165 (158) 62
Originations and purchases of loans held for sale (6,747) (6,634) (4,381)
Proceeds from sales of loans held for sale 7,728 5,865 4,144
(Gain) loss on sale of loans, net (273) (241) (124)
Loss on early extinguishment of debt 20 22 16
Net change in operating assets and liabilities:      
Other earning assets 13 313 158
Interest receivable and other assets (231) (246) (347)
Other liabilities (76) 459 453
Other 66 103 177
Net cash from operating activities 3,030 2,324 2,581
Investing activities:      
Proceeds from maturities of debt securities held to maturity 222 209 148
Proceeds from sales of debt securities available for sale 83 304 5,372
Proceeds from maturities of debt securities available for sale 5,848 4,921 3,532
Payments to Acquire Debt Securities, Available-for-sale 8,360 8,956 8,102
Net proceeds from (payments for) bank-owned life insurance (2) (1) (8)
Proceeds from sales of loans 522 256 471
Purchases of loans (1,314) (1,558) (1,561)
Net change in loans 1,481 546 859
Payments to Acquire Mortgage Servicing Rights (MSR) (72) (59) (24)
Net purchases of other assets (91) (134) (178)
Payments to Acquire Businesses, Net of Cash Acquired (1,182) (381) 0
Net cash from investing activities (2,865) (4,853) 509
Financing activities:      
Net change in deposits 13,836 25,004 2,984
Net change in short-term borrowings (102) (2,050) 450
Proceeds from long-term borrowings 647 4,698 21,274
Payments on long-term borrowings (1,779) (10,918) (25,926)
Cash dividends on common stock (608) (595) (577)
Cash dividends on preferred stock (108) (103) (79)
Net proceeds from issuance of preferred stock 390 346 490
Stock Redeemed or Called During Period, Value (500) 0 0
Repurchases of common stock (467) 0 (1,101)
Taxes paid related to net share settlement of equity awards (22) (8) (29)
Other 3 (3) 0
Net cash from financing activities 11,290 16,371 (2,514)
Net change in cash and cash equivalents 11,455 13,842 576
Cash and cash equivalents at beginning of year 17,956 4,114 3,538
Cash and cash equivalents at end of year $ 29,411 $ 17,956 $ 4,114
[1] Upon adoption of CECL on January 1, 2020, the provision for credit losses is the sum of the provision for loans losses and the provision for unfunded credit commitments. Prior to the adoption of CECL, the provision for unfunded commitments was included in other non-interest expense.
[2] Upon adoption of CECL on January 1, 2020, the provision for credit losses presented within net interest income after provision for credit losses is the sum of the provision for loan losses and the provision for unfunded credit commitments. Prior to the adoption of CECL, the provision for unfunded commitments was included in other non-interest expense.