Income Taxes (Tables)

9 Months Ended

Sep. 30, 2011

Differences Between the 35 Percent Statutory Income Tax Rate and Effective Income Tax Rate

The differences between the 35 percent statutory income tax rate and our effective income tax rate were as follows:

(Dollars in millions)	Three months ended September 30,										Nine months ended September 30,
	2011					2010					2011					2010
Tax at statutory rate	$	4		35.0	%	$	77		35.0	%	$	(4	)	35.0	%	$	114		35.0	%
Increase (decrease) resulting from:
Tax-exempt income from municipal bonds		(9	)	(81.2	)		(9	)	(4.1	)		(26	)	254.7			(27	)	(8.3	)
Dividend received exclusion		(5	)	(44.5	)		(5	)	(2.1	)		(15	)	144.8			(14	)	(4.2	)
Other		2		18.0			2		0.6			3		(14.5	)		3		0.7
Effective tax	$	(8	)	(72.7	)%	$	65		29.4	%	$	(42	)	420.0	%	$	76		23.2	%