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Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest Income    
Interest and fees on loans$ 1,296$ 1,330$ 3,910$ 3,964
Interest and fees on loans held for sale213671102
Interest and dividends on securities available for sale:    
Taxable interest175189517532
Tax-exempt interest571625
Dividends20[1]19[1]61[1]57[1]
Trading account interest21236367
Total interest income1,5381,6044,6384,747
Interest Expense    
Interest on deposits154214485672
Interest on long-term debt110138347451
Interest on trading liabilities792223
Interest on repurchase agreements1244
Interest on other short-term borrowings33910
Total interest expense2753668671,160
Net interest income1,2631,2383,7713,587
Provision for credit losses3476151,1862,138
Net interest income after provision for credit losses9166232,5851,449
Noninterest Income    
Service charges on deposit accounts176184509588
Other charges and fees130137386399
Card fees10496309277
Trust and investment management income134124404373
Retail investment services5852175147
Mortgage production related income541335686
Mortgage servicing related income58132202290
Investment banking income6896231210
Trading account profits/(losses) and commissions66(22)17180
Net securities gains2[2]69[2]98[2]128[2]
Other noninterest income5346157119
Total noninterest income9031,0472,6982,697
Noninterest Expense    
Employee compensation6425971,8981,729
Employee benefits108112354354
Outside processing and software164157484463
Net occupancy expense9092268273
Regulatory assessments8067232197
Other real estate expense6278195210
Credit and collection services7169182208
Equipment expense4445132128
Marketing and customer development4143125121
Operating losses722716157
Amortization of intangible assets11133439
Net (gain)/loss on extinguishment of debt(1)12(3)67
Other noninterest expense176187505516
Total noninterest expense1,5601,4994,5674,362
Income/(loss) before provision/(benefit) for income taxes259171716(216)
Provision/(benefit) for income taxes4514136(230)
Net income/(loss) including income attributable to noncontrolling interest21415758014
Net (loss)/income attributable to noncontrolling interest(1)479
Net income2151535735
Net income/(loss) available to common shareholders$ 211$ 84$ 424$ (201)
Net income/(loss) per average common share    
Diluted$ 0.39[3]$ 0.17[3]$ 0.81[3]$ (0.41)[4]
Basic$ 0.40$ 0.17$ 0.81$ (0.41)
Dividends declared per common share$ 0.05$ 0.01$ 0.07$ 0.03
Average common shares - diluted535,395498,802524,888498,515
Average common shares - basic531,928495,501521,248495,243
[1]Includes dividends on common stock of The Coca-Cola Company of $14 million and $42 million during the three and nine months ended September 30, 2011, respectively, and $13 million and $40 million during the three and nine months ended September 30, 2010, respectively.
[2]Includes credit-related other-than-temporary impairment losses of $2 million for the nine months ended September 30, 2011 and 2010. There were no credit-related other-than-temporary impairment losses for the three months ended September 30, 2011 and 2010.
[3]For earnings per share calculation purposes, the impact of dilutive securities are excluded from the diluted share count during periods that the Company has recognized a net loss available to common shareholders because the impact would be anti-dilutive.
[4]Change in unrealized gains/(losses) included in earnings during the period related to financial assets still held at September 30, 2011.