XML 98 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 7

  Accumulated Other Comprehensive Income (Loss)

Shareholders’ equity is affected by transactions and valuations of asset and liability positions that require adjustments to accumulated other comprehensive income (loss). The reconciliation of the transactions affecting accumulated other comprehensive income (loss) included in shareholders’ equity for the three months ended March 31, is as follows:

 

(Dollars in Millions)    Unrealized gains
(losses) on
securities
available-for-sale
    Unrealized gains
(losses) on
securities
transferred from
available-for-sale
to held-to-maturity
    Unrealized gains
(losses) on
derivative hedges
    Unrealized gains
(losses) on
retirement plans
    Foreign
currency
translation
    Total  

2013

            

Balance at beginning of period

   $ 679      $ 107      $ (404   $ (1,265   $ (40   $ (923

Changes in unrealized gains and losses

     (120            (3     (1            (124

Other-than-temporary impairment not recognized in earnings on securities available-for-sale

     6                                    6   

Foreign currency translation adjustment

                                 (10     (10

Reclassification to earnings of realized gains and losses

     (5     (20     54        62               91   

Applicable income taxes

     43        7        (18     (17     4        19   
                                                

Balance at end of period

 

   $ 603      $ 94      $ (371   $ (1,221   $ (46   $ (941

2012

            

Balance at beginning of period

   $ 360      $      $ (489   $ (1,022   $ (49   $ (1,200

Changes in unrealized gains and losses

     306               2                      308   

Other-than-temporary impairment not recognized in earnings on securities available-for-sale

                                          

Foreign currency translation adjustment

                                 14        14   

Reclassification to earnings of realized gains and losses

                   53        38               91   

Applicable income taxes

     (116            (21     (15     (5     (157
                                                

Balance at end of period

   $ 550      $      $ (455   $ (999   $ (40   $ (944
                                                  

 

Additional detail about the impact to net income for items reclassified out of accumulated other comprehensive income and into earnings for the three months ended March 31, 2013, is as follows:

 

(Dollars in Millions)    Impact to
Net Income
    Affected Line Item in the
Consolidated Statement of Income

Changes in unrealized gains and losses on securities available-for-sale

    

Realized gains (losses) on sale of securities

   $ 12      Total securities gains (losses), net

Other-than-temporary impairment recognized in earnings

     (7  
          
     5      Total before tax
     (2   Applicable income taxes
          
     3      Net-of-tax

Amortization of unrealized gains on securities transferred from available-for-sale to held-to-maturity

     20      Interest income
     (7   Applicable income taxes
          
     13      Net-of-tax

Changes in unrealized gains and losses on derivative hedges

    

Gains (Losses) on derivative hedges

     (54   Interest expense
     21      Applicable income taxes
          
     (33   Net-of-tax

Unrealized gains (losses) on retirement plans

    

Actuarial gains (losses), prior service cost (credit) and transition obligation (asset) amortization

     (62   Employee benefits expense
     24      Applicable income taxes
          
     (38   Net-of-tax

Total impact to net income

   $ (55