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Consolidated Balance Sheet (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Common stock, par value (in dollars per share) $ 5 $ 5
Common stock, authorized (shares) 800,000,000 800,000,000
Common stock, issued (shares) 542,000,000 542,000,000
Common stock held in treasury at cost (shares) 69,000,000 57,000,000
Preferred Stock [1] $ 0.5 [2] $ 0.5
Portion at Fair Value Measurement [Member]    
Loans held for sale, fair value [3] 1,700.0 2,400.0
Loans, fair value [3] 900.0 900.0
Other assets, fair value [3] 300.0 500.0
Other borrowed funds, fair value [4] $ 100.0 $ 100.0
[1] Par value less than $.5 million at each date.
[2] The par value of our preferred stock outstanding was less than $.5 million at each date and, therefore, is excluded from this presentation.
[3] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $1.7 billion, Loans of $.9 billion, and Other assets of $.3 billion at December 31, 2017 and Loans held for sale of $2.4 billion, Loans of $.9 billion, and Other assets of $.5 billion at December 31, 2016.
[4] Our consolidated liabilities included Other borrowed funds of $.1 billion at both December 31, 2017 and December 31, 2016, for which we have elected the fair value option.