Equity (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Other Comprehensive Income (Loss) [Table Text Block]

The following table displays the activity in other comprehensive income, net of tax, by major categories for the three and six months ended June 30, 2013 and 2012.



	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
	(Dollars in millions)
Net income	$	10,095		$	5,119		$	68,780		$	7,837
Other comprehensive income, net of tax effect:
Changes in net unrealized gains (losses) on available-for-sale securities (net of tax of $47 and $46, respectively, for the three months ended and net of tax of $396 and $150, respectively, for the six months ended)	88			(64		)	735			255
Reclassification adjustment for other-than-temporary impairments recognized in net income (net of tax of $2 and $210, respectively, for the three months ended and net of tax of $5 and $232, respectively, for the six months ended)	4			389			10			431
Reclassification adjustment for gains on available-for-sale securities included in net income (net of tax of $40 and $3 for the three months ended and net of tax of $43 and $6, respectively, for the six months ended)	(75		)	(5		)	(80		)	(11		)
Other ⁽¹⁾	149			8			155			15
Total other comprehensive income	166			328			820			690
Total comprehensive income	$	10,261		$	5,447		$	69,600		$	8,527

___________

⁽¹⁾ Primarily represents activity from our defined benefit pension plans.

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table displays our accumulated other comprehensive income by major categories as of June 30, 2013 and December 31, 2012.



	As of
	June 30,				December 31,
	2013				2012
	(Dollars in millions)
Net unrealized gains on available-for-sale securities for which we have not recorded OTTI, net of tax		$	821			$	1,399
Net unrealized gains (losses) on available-for-sale securities for which we have recorded OTTI, net of tax		778				(465		)
Prior service cost and actuarial losses, net of amortization for defined benefit plans, net of tax		(366		)		(505		)
Other losses		(29		)		(45		)
Accumulated other comprehensive income		$	1,204			$	384

The table below displays changes in accumulated other comprehensive income, net of tax, for the three and six months ended June 30, 2013.



	For the Three Months Ended June 30, 2013											For the Six Months Ended June 30, 2013
	Available-for-Sale Securities⁽¹⁾				Other⁽²⁾			Total				Available-for-Sale Securities⁽¹⁾				Other⁽²⁾			Total
	(Dollars in millions)
Beginning balance		$	1,582		$	(544	)		$	1,038			$	934		$	(550	)		$	384
Other comprehensive income before reclassifications		88			145				233				735			145				880
Amounts reclassified from other comprehensive income		(71		)	4				(67		)		(70		)	10				(60		)
Net other comprehensive income		17			149				166				665			155				820
Ending balance		$	1,599		$	(395	)		$	1,204			$	1,599		$	(395	)		$	1,204

__________


⁽¹⁾	The amounts reclassified from AOCI represent the gain or loss recognized in earnings due to a sale of an available-for-sale security or the recognition of a net impairment recognized in earnings.


⁽²⁾	Primarily represents activity from our defined benefit pension plan

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The following table displays reclassifications from accumulated other comprehensive income, including the affected line item in our condensed consolidated statement of operations and comprehensive income for the three and six months ended June 30, 2013.



	For the Three Months Ended June 30, 2013																For the Six Months Ended June 30, 2013
	Available-for-Sale Securities									Other							Available-for-Sale Securities									Other
	Gross			Tax			Net			Gross		Tax			Net		Gross			Tax			Net			Gross		Tax			Net
	(Dollars in millions)
Net other-than-temporary impairments	$	6		$	(2	)	$	4		$	—	$	—		$	—	$	15		$	(5	)	$	10		$	—	$	—		$	—
Investment gains, net	(115		)	40			(75		)	—		—			—		(123		)	43			(80		)	—		—			—
Salaries and employee benefits	—			—			—			5		(1		)	4		—			—			—			15		(5		)	10
Total	$	(109	)	$	38		$	(71	)	$	5	$	(1	)	$	4	$	(108	)	$	38		$	(70	)	$	15	$	(5	)	$	10

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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