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Equity
 9 Months Ended
Sep. 30, 2013
Equity [Abstract]  
Equity
Equity
The following table displays the activity in other comprehensive (loss) income, net of tax, by major categories for the three and nine months ended September 30, 2013 and 2012.
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
 
(Dollars in millions)
Net income
$
8,744

 
$
1,813

 
$
77,524

 
$
9,650

Other comprehensive (loss) income, net of tax effect:
 
 
 
 
 
 
 
Changes in net unrealized gains on available-for-sale securities (net of tax of $37 and $386, respectively, for the three months ended and net of tax of $433 and $536, respectively, for the nine months ended)
70

 
719

 
805

 
974

Reclassification adjustment for other-than-temporary impairments recognized in net income (net of tax of $10 and $13, respectively, for the three months ended and net of tax of $15 and $245, respectively, for the nine months ended)
17

 
25

 
27

 
456

Reclassification adjustment for gains on available-for-sale securities included in net income (net of tax of $119 and $2 for the three months ended and net of tax of $162 and $8, respectively, for the nine months ended)
(220
)
 
(3
)
 
(300
)
 
(14
)
Other (1)
(1
)
 
5

 
154

 
20

Total other comprehensive (loss) income
(134
)
 
746

 
686

 
1,436

Total comprehensive income
$
8,610

 
$
2,559

 
$
78,210

 
$
11,086

___________
(1) Primarily represents activity from our defined benefit pension plans.
The table below displays changes in accumulated other comprehensive income, net of tax, for the three and nine months ended September 30, 2013.
 
For the Three Months Ended September 30, 2013
 
For the Nine Months Ended September 30, 2013
 
 Available-for-Sale Securities(1)
 
Other(2)
 
Total
 
 Available-for-Sale Securities(1)
 
Other(2)
 
Total
 
(Dollars in millions)
Beginning balance
 
$
1,599
 
 
 
$
(395
)
 
 
 
$
1,204

 
 
 
$
934
 
 
 
$
(550
)
 
 
 
$
384

 
Other comprehensive income (loss) before reclassifications
 
70
 
 
 
(1
)
 
 
 
69

 
 
 
805
 
 
 
144

 
 
 
949

 
Amounts reclassified from other comprehensive income
 
(203
)
 
 
—

 
 
 
(203
)
 
 
 
(273
)
 
 
10

 
 
 
(263
)
 
Net other comprehensive (loss) income
 
(133
)
 
 
(1
)
 
 
 
(134
)
 
 
 
532
 
 
 
154

 
 
 
686

 
Ending balance
 
$
1,466
 
 
 
$
(396
)
 
 
 
$
1,070

 
 
 
$
1,466
 
 
 
$
(396
)
 
 
 
$
1,070

 
__________
(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 plans.
The following table displays reclassifications from accumulated other comprehensive income, net of tax, including the affected line item in our condensed consolidated statement of operations and comprehensive income for the three and nine months ended September 30, 2013.
 
 
 
For the Three Months Ended September 30, 2013
 
 
For the Nine Months Ended September 30, 2013
 
 
 
(Dollars in millions)
Net other-than-temporary-impairments (net of tax of $10 and $15, respectively)
 
 
 
$
17

 
 
 
 
$
27

 
Investment gains, net (net of tax of $119 and $162, respectively)
 
 
 
(220
)
 
 
 
 
(300
)
 
Salaries and employee benefits (net of tax of $- and $5, respectively)
 
 
 
—

 
 
 
 
10

 
Total
 
 
 
$
(203
)
 
 
 
 
$
(263
)