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Income taxes - Income tax expense reconciliation (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income tax expense reconciliation      
Earnings before income taxes $ 55,693 $ 102,696 $ 4,001
Hypothetical income tax expense computed at the U.S. federal statutory rate 11,696 21,566 840
Dividends received deduction and tax-exempt interest (448) (433) (393)
State income taxes, less U.S. federal income tax benefit 858 494 138
Foreign tax rate differences 13 (6) 271
U.S. income tax credits (1,519) (942) (711)
Net benefit from the enactment of the TCJA     (302)
Goodwill impairments 1,977 20 21
Other differences, net (137) 205 (185)
Total income taxes $ 12,440 $ 20,904 $ (321)
Effective income tax rate 22.30% 20.40% (8.00%)