XML 73 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity (Tables)
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of Other Comprehensive Income (Loss) [Table Text Block]
The following table displays the activity in other comprehensive income (loss), net of tax, by major categories.
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(Dollars in millions)

Net income
$
4,457

 
$
3,200

 
$
8,718

 
$
5,973

Other comprehensive income (loss), net of tax effect:
 
 
 
 
 
 
 
Changes in net unrealized gains (losses) on AFS securities (net of tax of $1 and $6, respectively, for the three months ended and net of tax of $14 and $11, respectively, for the six months ended)
4

 
11

 
(53
)
 
20

Reclassification adjustments for gains on AFS securities and other-than-temporary impairment (“OTTI”) recognized in net income (net of tax of $0 and $50, respectively, for the three months ended and $70 and $51, respectively, for the six months ended)
—

 
(92
)
 
(263
)
 
(93
)
Other
(2
)
 
(2
)
 
(5
)
 
(4
)
Total other comprehensive income (loss)
2

 
(83
)
 
(321
)
 
(77
)
Total comprehensive income
$
4,459

 
$
3,117

 
$
8,397

 
$
5,896
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table displays our accumulated other comprehensive income, net of tax, by major categories.
 
As of
 
June 30,
 
December 31,
 
2018
 
2017
 
(Dollars in millions)
Net unrealized gains on AFS securities for which we have not recorded OTTI
 
$
50

 
 
 
$
87

 
Net unrealized gains on AFS securities for which we have recorded OTTI
 
254

 
 
 
423

 
Other
 
45

 
 
 
43

 
Accumulated other comprehensive income
 
$
349

 
 
 
$
553

 
The following table displays changes in accumulated other comprehensive income, net of tax.
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
AFS(1)
 
Other
 
Total
 
AFS(1)
 
Other
 
Total
 
AFS(1)
 
Other
 
Total
 
AFS(1)
 
Other
 
Total
 
(Dollars in millions)

Beginning balance
$
300

 
$
47

 
$
347

 
$
724

 
$
41

 
$
765

 
$
510

 
$
43

 
$
553

 
$
716

 
$
43

 
$
759

Reclassification of accumulated other comprehensive income to retained earnings resulting from the enactment of the Tax Cuts and Jobs Act(2)
—

 
—

 
—

 
—

 
—

 
—

 
110

 
7

 
117

 
—

 
—

 
—

Other comprehensive income (loss) before reclassifications
4

 
—

 
4

 
11

 
—

 
11

 
(53
)
 
—

 
(53
)
 
20

 
—

 
20

Amounts reclassified from other comprehensive income (loss)
—

 
(2
)
 
(2
)
 
(92
)
 
(2
)
 
(94
)
 
(263
)
 
(5
)
 
(268
)
 
(93
)
 
(4
)
 
(97
)
Net other comprehensive income (loss)
4

 
(2
)
 
2

 
(81
)
 
(2
)
 
(83
)
 
(316
)
 
(5
)
 
(321
)
 
(73
)
 
(4
)
 
(77
)
Ending balance
$
304

 
$
45

 
$
349

 
$
643

 
$
39

 
$
682

 
$
304

 
$
45

 
$
349

 
$
643

 
$
39

 
$
682

__________
(1) 
The amounts reclassified from accumulated other comprehensive income represent the gain or loss recognized in earnings due to a sale of an AFS security or the recognition of a net impairment recognized in earnings, which are recorded in “Investment gains, net” in our condensed consolidated statements of operations and comprehensive income.
(2) 
Reclassification from accumulated other comprehensive income to retained earnings of the tax effects resulting from the enactment of tax legislation on December 22, 2017 that reduced the federal corporate income tax rate from 35% to 21% effective January 1, 2018. This amount is not included in Net other comprehensive income (loss) for the period ending June 30, 2018.