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New Accounting Pronouncements (Tables)
6 Months Ended
Jun. 30, 2018
Accounting Changes and Error Corrections [Abstract]  
Summary of effects of initial adoption of ASU 2016-01, ASU 2018-02 and ASC 606

 A summary of the effects of the initial adoption of ASU 2016-01, ASU 2018-02 and ASC 606 follows (in millions).

 

      ASU 2016-01        ASU 2018-02      ASC 606          Total      

Increase (decrease):

       

Assets

   $                  —       $                  —        $           3,382        $           3,382   

Liabilities

    —        —        3,453        3,453   

Accumulated other comprehensive income

    (61,459)       84        —        (61,375)  

Retained earnings

    61,459        (84)       (71)       61,304   

Shareholders’ equity

    —        —        (71)       (71)