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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of Preferred Shares
The following table summarizes selected terms of each of the series of the preferred stock issued and outstanding:
 
Issuance Date
 
Depositary Shares Issued
 
Ownership Interest per Depositary Share
 
Liquidation Preference Per Share
 
Liquidation Preference Per Depositary Share
 
Net Proceeds of Offering (in millions)
 
Redemption Date(1)
Preferred Stock:(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
Series C
August 2012
 
20,000,000

 
1/4,000th
 
$
100,000

 
$
25

 
$
488

 
September 15, 2017
Series D
February 2014
 
30,000,000

 
1/4,000th
 
100,000

 
25

 
742

 
March 15, 2024
Series E
November 2014
 
30,000,000

 
1/4,000th
 
100,000

 
25

 
728

 
December 15, 2019
Series F
May 2015
 
750,000

 
1/100th
 
100,000

 
1,000

 
742

 
September 15, 2020
 
 
 
 
(1) On the redemption date, or any dividend declaration date thereafter, the preferred stock and corresponding depositary shares may be redeemed by us, in whole or in part, at the liquidation price per share and liquidation price per depositary share plus any declared and unpaid dividends, without accumulation of any undeclared dividends.
(2) The preferred stock and corresponding depositary shares may be redeemed at our option in whole, but not in part, prior to the redemption date upon the occurrence of a regulatory capital treatment event, as defined in the certificate of designation, at a redemption price equal to the liquidation price per share and liquidation price per depositary share plus any declared and unpaid dividends, without accumulation of any undeclared dividends.
Dividends Declared
The following table presents the dividends declared for each of the series of preferred stock issued and outstanding for the periods indicted:
 
Years Ended December 31,
 
2015
 
2014
 
Dividends Declared
 
Dividends Declared per Depositary Share
 
Total (in millions)
 
Dividends Declared
 
Dividends Declared per Depositary Share
 
Total (in millions)
Preferred Stock:
 
 
 
 
 
 
 
 
 
 
 
Series C
$
5,250

 
$
1.32

 
$
26

 
$
5,252

 
$
1.32

 
$
26

Series D
5,900

 
1.48

 
44

 
4,605

 
1.15

 
35

Series E
6,333

 
1.60

 
48

 

 

 

Series F
1,663

 
16.63

 
12

 

 

 

Total
 
 
 
 
$
130

 
 
 
 
 
$
61

The table below presents the dividends declared on common stock for the periods indicated:
 
Years Ended December 31,
 
Dividends Declared per Share
 
Total
(in millions)
 
Dividends Declared per Share
 
Total
(in millions)
 
2015
 
2014
Common Stock
$
1.32

 
$
536

 
$
1.16

 
$
490

Stock Repurchase Program
The table below presents the activities under each program during the year ended December 31, 2015.
 
Year Ended December 31, 2015
 
Amount Authorized (in billions)
 
Shares Purchased (in millions)
 
Average Cost per Share
 
Total Purchased (in millions)
 
Amount Remaining Under the Program
(in millions)
2015 Program
$
1.8

 
14.2

 
$
73.72

 
$
1,050

 
$
780

2014 Program
1.7

 
6.3

 
74.88

 
470

 

Total
 
 
20.5

 
$
74.07

 
$
1,520

 
 
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the after-tax components of AOCI as of December 31:
(In millions)
2015
 
2014
 
2013
Net unrealized gains on cash flow hedges
$
293

 
$
276

 
$
161

Net unrealized gains (losses) on available-for-sale securities portfolio
9

 
273

 
(56
)
Net unrealized gains (losses) related to reclassified available-for-sale securities
(28
)
 
39

 
(72
)
Net unrealized gains (losses) on available-for-sale securities
(19
)
 
312

 
(128
)
Net unrealized losses on available-for-sale securities designated in fair value hedges
(109
)
 
(121
)
 
(97
)
Other-than-temporary impairment on available-for-sale securities related to factors other than credit

 
1

 
4

Net unrealized losses on hedges of net investments in non-U.S. subsidiaries
(14
)
 
(14
)
 
(14
)
Other-than-temporary impairment on held-to-maturity securities related to factors other than credit
(16
)
 
(29
)
 
(47
)
Net unrealized losses on retirement plans
(183
)
 
(272
)
 
(203
)
Foreign currency translation
(1,394
)
 
(660
)
 
229

Total
$
(1,442
)
 
$
(507
)
 
$
(95
)

The following tables present changes in AOCI by component, net of related taxes, for the periods indicated:
(In millions)
Net Unrealized Gains (Losses) on Cash Flow Hedges
 
Net Unrealized Gains (Losses) on Available-for-Sale Securities
 
Net Unrealized Losses on Hedges of Net Investments in Non-U.S. Subsidiaries
 
Other-Than-Temporary Impairment on Held-to-Maturity Securities
 
Net Unrealized Losses on Retirement Plans
 
Foreign Currency Translation
 
Total
Balance as of December 31, 2013
$
161

 
$
(221
)
 
$
(14
)
 
$
(47
)
 
$
(203
)
 
$
229

 
$
(95
)
Other comprehensive income (loss) before reclassifications
112

 
422

 

 
17

 

 
(889
)
 
(338
)
Amounts reclassified into (out of) earnings
3

 
(9
)
 

 
1

 
(69
)
 

 
(74
)
Other comprehensive income (loss)
115

 
413

 

 
18

 
(69
)
 
(889
)
 
(412
)
Balance as of December 31, 2014
$
276

 
$
192

 
$
(14
)
 
$
(29
)
 
$
(272
)
 
$
(660
)
 
$
(507
)
Other comprehensive income (loss) before reclassifications
20

 
(314
)
 

 
15

 
1

 
(734
)
 
(1,012
)
Amounts reclassified into (out of) earnings
(3
)
 
(6
)
 

 
(2
)
 
88

 

 
77

Other comprehensive income (loss)
17

 
(320
)
 

 
13

 
89

 
(734
)
 
(935
)
Balance as of December 31, 2015
$
293

 
$
(128
)
 
$
(14
)
 
$
(16
)
 
$
(183
)
 
$
(1,394
)
 
$
(1,442
)
Schedule of Reclassifications Out of AOCI
The following table presents after-tax reclassifications into earnings for the periods indicated:
 
Twelve Months Ended December 31,
 
 
 
2015
 
2014
 
 
(In millions)
Amounts Reclassified into Earnings
 
Affected Line Item in Consolidated Statement of Income
Cash flow hedges:
 
 
 
 
 
Interest-rate contracts, net of related tax benefit of $2 and $2, respectively
$
(3
)
 
$
3

 
Net interest revenue
Available-for-sale securities:
 
 
 
 
 
Net realized gains from sales of available-for-sale securities, net of related tax benefit of $1 and related taxes of ($6), respectively
(6
)
 
(9
)
 
Net gains (losses) from sales of available-for-sale securities
Held-to-maturity securities:
 
 
 
 
 
Other-than-temporary impairment on held-to-maturity securities related to factors other than credit
(2
)
 
1

 
Losses reclassified (from) to other comprehensive income
Retirement plans:
 
 
 
 
 
Amortization of actuarial losses, net of related taxes of ($51) and ($50), respectively
88

 
(69
)
 
Compensation and employee benefits expenses
Total reclassifications out of AOCI
$
77

 
$
(74
)