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New Accounting Pronouncements (Tables)
3 Months Ended
Mar. 31, 2018
Accounting Changes and Error Corrections [Abstract]  
Summary of effects of initial adoption of ASU 2016-01, ASU 2018-02 and ASC 606

A summary of the effects of the initial adoption of ASU 2016-01, ASU 2018-02 and ASC 606 follows (in millions).

 

     ASU 2016-01     ASU 2018-02     ASC 606     Total  

Increase (decrease):

        

Assets

   $     $     $ 3,382     $ 3,382  

Liabilities

                 3,453       3,453  

Accumulated other comprehensive income

     (61,459     84             (61,375

Retained earnings

     61,459       (84     (71     61,304  

Shareholders’ equity

                 (71     (71