| |
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in millions)
|
|
Before Tax
Amount |
|
|
Tax
Effect |
|
|
Net of
Tax |
|
|
For the Year Ended December 31, 2009:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flow hedge activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized net gains on hedges arising during the year
|
|
$ |
36 |
|
|
$ |
(14 |
) |
|
$ |
22 |
|
|
Less: accretion of fair value adjustment
|
|
|
13 |
|
|
|
(5 |
) |
|
|
8 |
|
|
Less: reclassification adjustment for net gains on hedges included in net income
|
|
|
(138 |
) |
|
|
54 |
|
|
|
(84 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized gains on hedges
|
|
|
(89 |
) |
|
|
35 |
|
|
|
(54 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized holding gains arising during the year on securities available for sale
|
|
|
20 |
|
|
|
(8 |
) |
|
|
12 |
|
|
Reclassification adjustment for net gains on securities available for sale included in net income
|
|
|
28 |
|
|
|
(11 |
) |
|
|
17 |
|
|
Less: accretion of fair value adjustment on securities available for sale
|
|
|
(12 |
) |
|
|
5 |
|
|
|
(7 |
) |
|
Less: accretion of fair value adjustment on held to maturity securities
|
|
|
(20 |
) |
|
|
8 |
|
|
|
(12 |
) |
|
Less: accretion of net unrealized losses on held to maturity securities
|
|
|
77 |
|
|
|
(30 |
) |
|
|
47 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized losses on securities
|
|
|
93 |
|
|
|
(36 |
) |
|
|
57 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustment
|
|
|
2 |
|
|
|
(1 |
) |
|
|
1 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassification adjustment for pension and other benefits included in net income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of transition amount
|
|
|
1 |
|
|
|
(1 |
) |
|
|
— |
|
|
Recognized net actuarial loss
|
|
|
21 |
|
|
|
(8 |
) |
|
|
13 |
|
|
Pension and other benefits arising during the year
|
|
|
237 |
|
|
|
(93 |
) |
|
|
144 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in pension and other benefits(1)
|
|
|
259 |
|
|
|
(102 |
) |
|
|
157 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in accumulated other comprehensive loss
|
|
$ |
265 |
|
|
$ |
(104 |
) |
|
$ |
161 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, 2010:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flow hedge activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized net losses on hedges arising during the year
|
|
$ |
(3 |
) |
|
$ |
1 |
|
|
$ |
(2 |
) |
|
Less: accretion of fair value adjustment
|
|
|
3 |
|
|
|
(1 |
) |
|
|
2 |
|
|
Less: reclassification adjustment for net gains on hedges included in net income
|
|
|
(65 |
) |
|
|
25 |
|
|
|
(40 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized gains on hedges
|
|
|
(65 |
) |
|
|
25 |
|
|
|
(40 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative effect from change in accounting for embedded credit derivatives
|
|
|
11 |
|
|
|
(4 |
) |
|
|
7 |
|
|
Unrealized holding gains arising during the year on securities available for sale
|
|
|
127 |
|
|
|
(50 |
) |
|
|
77 |
|
|
Reclassification adjustment for net gains on securities available for sale included in net income
|
|
|
(105 |
) |
|
|
41 |
|
|
|
(64 |
) |
|
Less: accretion of fair value adjustment on securities available for sale
|
|
|
(4 |
) |
|
|
2 |
|
|
|
(2 |
) |
|
Less: accretion of fair value adjustment on held to maturity securities
|
|
|
(26 |
) |
|
|
10 |
|
|
|
(16 |
) |
|
Less: accretion of net unrealized losses on held to maturity securities
|
|
|
92 |
|
|
|
(36 |
) |
|
|
56 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized losses on securities
|
|
|
95 |
|
|
|
(37 |
) |
|
|
58 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustment
|
|
|
2 |
|
|
|
(1 |
) |
|
|
1 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassification adjustment for pension and other benefits included in net income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of transition amount
|
|
|
2 |
|
|
|
(1 |
) |
|
|
1 |
|
|
Recognized net actuarial loss
|
|
|
21 |
|
|
|
(7 |
) |
|
|
14 |
|
|
Pension and other benefits arising during the year
|
|
|
(98 |
) |
|
|
38 |
|
|
|
(60 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in pension and other benefits(1)
|
|
|
(75 |
) |
|
|
30 |
|
|
|
(45 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in accumulated other comprehensive loss
|
|
$ |
(43 |
) |
|
$ |
17 |
|
|
$ |
(26 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, 2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flow hedge activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized net losses on hedges arising during the year
|
|
$ |
(5 |
) |
|
$ |
2 |
|
|
$ |
(3 |
) |
|
Less: Reclassification adjustment for net losses on hedges included in net income
|
|
|
11 |
|
|
|
(4 |
) |
|
|
7 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized losses on hedges
|
|
|
6 |
|
|
|
(2 |
) |
|
|
4 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized holding gains arising during the period on securities available for sale
|
|
|
204 |
|
|
|
(80 |
) |
|
|
124 |
|
|
Reclassification adjustment for net gains on securities available for sale included in net income
|
|
|
(58 |
) |
|
|
23 |
|
|
|
(35 |
) |
|
Less: accretion of fair value adjustment on securities available for sale
|
|
|
(5 |
) |
|
|
2 |
|
|
|
(3 |
) |
|
Less: accretion of fair value adjustment on held to maturity securities
|
|
|
(29 |
) |
|
|
11 |
|
|
|
(18 |
) |
|
Less: accretion of net unrealized losses on held to maturity securities
|
|
|
104 |
|
|
|
(41 |
) |
|
|
63 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized losses on securities
|
|
|
216 |
|
|
|
(85 |
) |
|
|
131 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustment
|
|
|
(1 |
) |
|
|
— |
|
|
|
(1 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassification adjustment for pension and other benefits included in net income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of transition amount
|
|
|
1 |
|
|
|
— |
|
|
|
1 |
|
|
Recognized net actuarial loss
|
|
|
51 |
|
|
|
(20 |
) |
|
|
31 |
|
|
Pension and other benefits arising during the year
|
|
|
(491 |
) |
|
|
193 |
|
|
|
(298 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in pension and other benefits(1)
|
|
|
(439 |
) |
|
|
173 |
|
|
|
(266 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in accumulated other comprehensive loss
|
|
$ |
(218 |
) |
|
$ |
86 |
|
|
$ |
(132 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|