XML 46 R57.htm IDEA: XBRL DOCUMENT v2.4.1.9
Business Segment Information (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The table below presents net income (loss) and the components thereto (with net interest income on an FTE basis) for 2014, 2013 and 2012, and total assets at December 31, 2014 and 2013 for each business segment, as well as All Other.
 
 
 
 
 
 
 
 
 
 
 
 
Results for Business Segments and All Other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At and for the Year Ended December 31
Total Corporation (1)
 
Consumer Banking
 
Global Wealth &
Investment Management
(Dollars in millions)
2014
2013
2012
 
2014
2013
2012
 
2014
2013
2012
Net interest income (FTE basis)
$
40,821

$
43,124

$
41,557

 
$
20,178

$
20,620

$
20,470

 
$
5,836

$
6,064

$
5,827

Noninterest income
44,295

46,677

42,678

 
10,630

11,313

12,800

 
12,568

11,726

10,691

Total revenue, net of interest expense (FTE basis)
85,116

89,801

84,235

 
30,808

31,933

33,270

 
18,404

17,790

16,518

Provision for credit losses
2,275

3,556

8,169

 
2,680

3,166

4,199

 
14

56

266

Amortization of intangibles
936

1,086

1,264

 
398

502

622

 
367

387

410

Other noninterest expense
74,181

68,128

70,829

 
17,458

18,409

18,818

 
13,280

12,646

12,312

Income before income taxes (FTE basis)
7,724

17,031

3,973

 
10,272

9,856

9,631

 
4,743

4,701

3,530

Income tax expense (benefit) (FTE basis)
2,891

5,600

(215
)
 
3,831

3,613

3,456

 
1,769

1,724

1,286

Net income
$
4,833

$
11,431

$
4,188

 
$
6,441

$
6,243

$
6,175

 
$
2,974

$
2,977

$
2,244

Year-end total assets
$
2,104,534

$
2,102,273

 

 
$
589,048

$
567,741

 

 
$
274,887

$
271,290

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Global Banking
 
Global Markets
 
 
 
 
 
2014
2013
2012
 
2014
2013
2012
Net interest income (FTE basis)
 
 
 
 
$
9,828

$
9,704

$
8,888

 
$
3,986

$
4,224

$
3,667

Noninterest income
 
 
 
 
7,849

7,800

7,772

 
12,133

11,166

5,507

Total revenue, net of interest expense (FTE basis)
 
 
 
 
17,677

17,504

16,660

 
16,119

15,390

9,174

Provision for credit losses
 
 
 
 
322

1,142

(321
)
 
110

140

34

Amortization of intangibles
 
 
 
 
45

64

83

 
65

65

64

Other noninterest expense
 
 
 
 
8,217

8,085

8,121

 
11,706

11,930

11,221

Income (loss) before income taxes (FTE basis)
 
 
 
 
9,093

8,213

8,777

 
4,238

3,255

(2,145
)
Income tax expense (benefit) (FTE basis)
 
 
 
 
3,338

3,013

3,194

 
1,519

2,101

(161
)
Net income (loss)
 
 
 
 
$
5,755

$
5,200

$
5,583

 
$
2,719

$
1,154

$
(1,984
)
Year-end total assets
 
 
 
 
$
357,081

$
360,789

 

 
$
579,512

$
575,473

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Legacy Assets & Servicing
 
All Other
 
 
 
 
 
2014
2013
2012
 
2014
2013
2012
Net interest income (FTE basis)
 
 
 
 
$
1,516

$
1,541

$
1,567

 
$
(523
)
$
971

$
1,138

Noninterest income
 
 
 
 
1,164

2,915

2,537

 
(49
)
1,757

3,371

Total revenue, net of interest expense (FTE basis)
 
 
 
 
2,680

4,456

4,104

 
(572
)
2,728

4,509

Provision for credit losses
 
 
 
 
127

(283
)
1,371

 
(978
)
(665
)
2,620

Amortization of intangibles
 
 
 
 
—

—

—

 
61

68

85

Other noninterest expense
 
 
 
 
20,643

12,483

13,759

 
2,877

4,575

6,598

Loss before income taxes (FTE basis)
 
 
 
 
(18,090
)
(7,744
)
(11,026
)
 
(2,532
)
(1,250
)
(4,794
)
Income tax benefit (FTE basis)
 
 
 
 
(4,976
)
(2,839
)
(3,857
)
 
(2,590
)
(2,012
)
(4,133
)
Net income (loss)
 
 
 
 
$
(13,114
)
$
(4,905
)
$
(7,169
)
 
$
58

$
762

$
(661
)
Year-end total assets
 
 
 
 
$
45,958

$
59,458

 

 
$
258,048

$
267,522

 


(1) 
There were no material intersegment revenues.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The table below presents a reconciliation of the five business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. The adjustments presented in the table below include consolidated income, expense and asset amounts not specifically allocated to individual business segments.
 
 
 
 
 
 
Business Segment Reconciliations
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
2014
 
2013
 
2012
Segments’ total revenue, net of interest expense (FTE basis)
$
85,688

 
$
87,073

 
$
79,726

Adjustments:
 

 
 

 
 

ALM activities
(804
)
 
(545
)
 
2,266

Equity investment income
729

 
2,737

 
1,252

Liquidating businesses and other
(497
)
 
536

 
991

FTE basis adjustment
(869
)
 
(859
)
 
(901
)
Consolidated revenue, net of interest expense
$
84,247

 
$
88,942

 
$
83,334

Segments’ total net income
$
4,775

 
$
10,669

 
$
4,849

Adjustments, net of taxes:
 

 
 

 
 

ALM activities
(343
)
 
(929
)
 
(1,144
)
Equity investment income
456

 
1,724

 
789

Liquidating businesses and other
(55
)
 
(33
)
 
(306
)
Consolidated net income
$
4,833

 
$
11,431

 
$
4,188

 
 
 
 
 
 
 
 
 
December 31
 
 
 
2014
 
2013
Segments’ total assets
 
 
$
1,846,486

 
$
1,834,751

Adjustments:
 
 
 

 
 

ALM activities, including securities portfolio
 
 
658,319

 
664,519

Equity investments
 
 
4,886

 
5,637

Liquidating businesses and other
 
 
73,018

 
70,879

Elimination of segment asset allocations to match liabilities
 
 
(478,175
)
 
(473,513
)
Consolidated total assets
 
 
$
2,104,534

 
$
2,102,273
Reconciliation of Revenue from Segments to Consolidated
The table below presents a reconciliation of the five business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. The adjustments presented in the table below include consolidated income, expense and asset amounts not specifically allocated to individual business segments.
 
 
 
 
 
 
Business Segment Reconciliations
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
2014
 
2013
 
2012
Segments’ total revenue, net of interest expense (FTE basis)
$
85,688

 
$
87,073

 
$
79,726

Adjustments:
 

 
 

 
 

ALM activities
(804
)
 
(545
)
 
2,266

Equity investment income
729

 
2,737

 
1,252

Liquidating businesses and other
(497
)
 
536

 
991

FTE basis adjustment
(869
)
 
(859
)
 
(901
)
Consolidated revenue, net of interest expense
$
84,247

 
$
88,942

 
$
83,334

Segments’ total net income
$
4,775

 
$
10,669

 
$
4,849

Adjustments, net of taxes:
 

 
 

 
 

ALM activities
(343
)
 
(929
)
 
(1,144
)
Equity investment income
456

 
1,724

 
789

Liquidating businesses and other
(55
)
 
(33
)
 
(306
)
Consolidated net income
$
4,833

 
$
11,431

 
$
4,188

 
 
 
 
 
 
 
 
 
December 31
 
 
 
2014
 
2013
Segments’ total assets
 
 
$
1,846,486

 
$
1,834,751

Adjustments:
 
 
 

 
 

ALM activities, including securities portfolio
 
 
658,319

 
664,519

Equity investments
 
 
4,886

 
5,637

Liquidating businesses and other
 
 
73,018

 
70,879

Elimination of segment asset allocations to match liabilities
 
 
(478,175
)
 
(473,513
)
Consolidated total assets
 
 
$
2,104,534

 
$
2,102,273
Reconciliation of Assets from Segment to Consolidated
The table below presents a reconciliation of the five business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. The adjustments presented in the table below include consolidated income, expense and asset amounts not specifically allocated to individual business segments.
 
 
 
 
 
 
Business Segment Reconciliations
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
2014
 
2013
 
2012
Segments’ total revenue, net of interest expense (FTE basis)
$
85,688

 
$
87,073

 
$
79,726

Adjustments:
 

 
 

 
 

ALM activities
(804
)
 
(545
)
 
2,266

Equity investment income
729

 
2,737

 
1,252

Liquidating businesses and other
(497
)
 
536

 
991

FTE basis adjustment
(869
)
 
(859
)
 
(901
)
Consolidated revenue, net of interest expense
$
84,247

 
$
88,942

 
$
83,334

Segments’ total net income
$
4,775

 
$
10,669

 
$
4,849

Adjustments, net of taxes:
 

 
 

 
 

ALM activities
(343
)
 
(929
)
 
(1,144
)
Equity investment income
456

 
1,724

 
789

Liquidating businesses and other
(55
)
 
(33
)
 
(306
)
Consolidated net income
$
4,833

 
$
11,431

 
$
4,188

 
 
 
 
 
 
 
 
 
December 31
 
 
 
2014
 
2013
Segments’ total assets
 
 
$
1,846,486

 
$
1,834,751

Adjustments:
 
 
 

 
 

ALM activities, including securities portfolio
 
 
658,319

 
664,519

Equity investments
 
 
4,886

 
5,637

Liquidating businesses and other
 
 
73,018

 
70,879

Elimination of segment asset allocations to match liabilities
 
 
(478,175
)
 
(473,513
)
Consolidated total assets
 
 
$
2,104,534

 
$
2,102,273