XML 37 R118.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Federal      
Current $ 907 $ 1,105 $ 765
Deferred 689 (339) (499)
Federal income tax 1,596 766 266
State      
Current 186 200 175
Deferred 59 (31) (46)
State income tax 245 169 129
Total income tax provision 1,841 935 395
Reconciliation of expected income tax expense at the federal statutory rate of 35 percent to the Company's applicable income tax expense      
Tax at statutory rate 2,320 1,470 921
State income tax, at statutory rates, net of federal tax benefit 159 110 84
Tax effect of      
Tax credits, net of related expenses (458) (462) (421)
Tax-exempt income (226) (214) (202)
Noncontrolling interests 29 18 (11)
Other items 17 13 24
Applicable income taxes 1,841 935 395
Reconciliation of the changes in the federal, state and foreign unrecognized tax positions balances      
Balance at beginning of period 532 440 283
Additions for tax positions taken in prior years 24 116 31
Additions for tax positions taken in the current year 2 30 145
Exam resolutions (70)   (12)
Statute expirations (9) (54) (7)
Unrecognized Tax Benefits 479 532 440
Deferred Tax Assets      
Allowance for credit losses 1,872 2,100  
Securities available-for-sale and financial instruments 85 393  
Accrued expenses 399 317  
Stock compensation 203 201  
Pension and postretirement benefits 281 113  
Federal, state and foreign net operating loss carryforwards 26 52  
Partnerships and other investment assets 571 429  
Other deferred tax assets, net 96 284  
Gross deferred tax assets 3,533 3,889  
Deferred Tax Liabilities      
Leasing activities (3,048) (2,269)  
Goodwill and other intangible assets (517) (407)  
Mortgage servicing rights (522) (311)  
Loans (175) (139)  
Fixed assets (169) (113)  
Other deferred tax liabilities, net (176) (176)  
Gross deferred tax liabilities (4,607) (3,415)  
Valuation allowance (51) (50)  
Net deferred tax assets (liabilities) $ (1,125) $ 424