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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of Stock by Class
Preferred stock outstanding at December 31, 2017 and 2016 is summarized as follows (in millions except total shares outstanding and per share data):
 
 
 
 
 
 
 
 
 
 
 
 
Carrying Value at December 31,
 
 
Description
 
Issuance Date
 
Per Annum Dividend Rate
 
Total Shares Outstanding
 
Liquidation Preference per Share
 
2017
 
2016
Series A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-to-Floating Rate Non-Cumulative
 
8/25/2016
 
5.875% to, but excluding, 9/15/2026; 3-mo LIBOR + 4.435% thereafter
 
400,000

 
$
1,000

 
$
394

 
$
394

Series B
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-to-Floating Rate Non-Cumulative
 
12/6/2017
 
5.30% to, but excluding, 3/15/2023; 3-mo LIBOR + 3.16% thereafter
 
3,000

 
$
100,000

 
295

 

Total
 
 
 
 
 
 
 
403,000

 
 
 
$
689

 
$
394

Schedule of Accumulated Other Comprehensive Loss
The following tables present after-tax changes in each component of accumulated other comprehensive loss for the years ended December 31, 2017, 2016 and 2015 (dollars in millions):
 
Available-for-Sale
Securities
 
Foreign 
Currency
Translation
 
Total
Balance, December 31, 2016
$
(139
)
 
$
2

 
$
(137
)
Other comprehensive income before reclassifications
137

 

 
137

Amounts reclassified from accumulated other comprehensive loss
(24
)
 
(2
)
 
(26
)
Net change
113


(2
)

111

Balance, December 31, 2017
$
(26
)

$


$
(26
)
 
Available-for-Sale
Securities
 
Foreign 
Currency
Translation
 
Total
Balance, December 31, 2015
$
(101
)
 
$
2

 
$
(99
)
Other comprehensive loss before reclassifications
(5
)
 

 
(5
)
Amounts reclassified from accumulated other comprehensive loss
(33
)
 

 
(33
)
Net change
(38
)
 

 
(38
)
Balance, December 31, 2016
$
(139
)
 
$
2

 
$
(137
)
 
Available-for-Sale
Securities
 
Cash Flow 
Hedging
Instruments
 
Foreign 
Currency
Translation
 
Total
Balance, December 31, 2014
$
7

 
$
(261
)
 
$
5

 
$
(249
)
Other comprehensive loss before reclassifications
(84
)
 
(10
)
 
(3
)
 
(97
)
Amounts reclassified from accumulated other comprehensive loss
(24
)
 
271

 

 
247

Net change
(108
)
 
261

 
(3
)
 
150

Balance, December 31, 2015
$
(101
)
 
$

 
$
2

 
$
(99
)
Components of Other Comprehensive Income (Loss)
The following table presents other comprehensive income (loss) activity and the related tax effect for the years ended December 31, 2017, 2016 and 2015 (dollars in millions):
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
Before Tax
 
Tax Effect
 
After Tax
 
Before Tax
 
Tax Effect
 
After Tax
 
Before Tax
 
Tax Effect
 
After Tax
Other comprehensive income (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses), net
$
213

 
$
(76
)
 
$
137

 
$
(10
)
 
$
5

 
$
(5
)
 
$
(136
)
 
$
52

 
$
(84
)
Reclassification into earnings, net
(39
)
 
15

 
(24
)
 
(53
)
 
20

 
(33
)
 
(39
)
 
15

 
(24
)
Net change from available-for-sale securities
174


(61
)

113

 
(63
)
 
25

 
(38
)
 
(175
)
 
67

 
(108
)
Cash flow hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized losses, net

 

 

 

 

 

 
(17
)
 
7

 
(10
)
Reclassification into earnings, net

 

 

 

 

 

 
439

 
(168
)
 
271

Net change from cash flow hedging instruments

 

 

 

 

 

 
422

 
(161
)
 
261

Foreign currency translation:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation losses, net

 

 

 

 

 

 
(3
)
 

 
(3
)
Reclassification into earnings, net
(2
)
 

 
(2
)
 

 

 

 

 

 

Net change from foreign currency translation
(2
)
 

 
(2
)
 

 

 

 
(3
)
 

 
(3
)
Other comprehensive income (loss)
$
172

 
$
(61
)
 
$
111

 
$
(63
)
 
$
25

 
$
(38
)
 
$
244

 
$
(94
)
 
$
150

Reclassification out of Accumulated Other Comprehensive Loss
The following table presents the consolidated statement of income line items impacted by reclassifications out of accumulated other comprehensive loss for the years ended December 31, 2017, 2016 and 2015 (dollars in millions):
Accumulated Other Comprehensive Loss Components
 
Amounts Reclassified from Accumulated Other Comprehensive Loss
 
Affected Line Items in the Consolidated Statement of Income
 
 
Year Ended December 31,
 
 
 
 
2017
 
2016
 
2015
 
 
Available-for-sale securities:
 
$
39

 
$
53

 
$
39

 
Gains (losses) on securities and other, net
 
 
(15
)
 
(20
)
 
(15
)
 
Income tax expense
 
 
$
24

 
$
33

 
$
24

 
Reclassification into earnings, net
 
 
 
 
 
 
 
 
 
Cash flow hedging instruments:
 
$

 
$

 
$
(370
)
 
Gains (losses) on securities and other, net
 
 

 

 
(69
)
 
Interest expense
 
 

 

 
(439
)
 
Reclassification into earnings, before tax
 
 

 

 
168

 
Income tax benefit
 
 

 

 
(271
)
 
Reclassification into earnings, net
 
 
 
 
 
 
 
 
 
Foreign currency translation:
 
$
2

 
$

 
$

 
Other non-interest expenses
 
 
$
2

 
$

 
$

 
Reclassification into earnings, net