EXIT COSTS AND RESTRUCTURING RESERVES

9 Months Ended

Sep. 30, 2016

Restructuring and Related Activities [Abstract]

EXIT COSTS AND RESTRUCTURING RESERVES

EXIT COSTS AND RESTRUCTURING RESERVES

The Company incurred no restructuring costs for the three and nine months endedSeptember 30, 2016.

For the three months ended September 30, 2015, the Company incurred no restructuring costs. For the nine months ended September 30, 2015, the Company incurred $27 million of restructuring costs, consisting of $18 million of facilities costs in occupancy, $6 million in outside services, and $3 million in salaries and employee benefits, substantially completing the restructuring initiatives designed to enhance operating efficiencies and reduce expense growth.

For segment reporting, all of these restructuring costs are reported within Other. See Note 18 “Business Segments” for further information.

The following tables present the activity in the exit costs and restructuring reserves:

	As of and for the Three Months Ended September 30,
	2016											2015
(in millions)	Salaries & Employee Benefits			Occupancy & Equipment			Other		Total			Salaries & Employee Benefits			Occupancy & Equipment			Other			Total
Beginning of period balance		$8			$12			$—		$20			$21			$27			$4			$52
Additions	—			—			—		—			—			1			—			1
Reversals	—			—			—		—			—			(1		)	—			(1		)
Utilization	(6		)	(1		)	—		(7		)	(5		)	(8		)	(1		)	(14		)
End of period balance		$2			$11			$—		$13			$16			$19			$3			$38

	As of and for the Nine Months Ended September 30,
	2016												2015
(in millions)	Salaries & Employee Benefits			Occupancy & Equipment			Other			Total			Salaries & Employee Benefits			Occupancy & Equipment			Other			Total
Beginning of period balance		$12			$16			$5			$33			$23			$18			$3			$44
Additions	—			—			—			—			5			18			6			29
Reversals	—			—			—			—			(2		)	(1		)	—			(3		)
Utilization	(10		)	(5		)	(5		)	(20		)	(10		)	(16		)	(6		)	(32		)
End of period balance		$2			$11			$—			$13			$16			$19			$3			$38