XML 86 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income/Loss (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest Income      
Interest and fees on loans $ 5,219 $ 5,300 $ 5,530
Interest and fees on loans held for sale 93 137 233
Interest and dividends on securities available for sale:      
Taxable interest 688 709 717
Tax-exempt interest 21 31 40
Dividends 82 [1] 76 [1] 73 [1]
Trading account interest and other 78 90 117
Total interest income 6,181 6,343 6,710
Interest Expense      
Interest on deposits 624 860 1,440
Interest on long-term debt 449 580 761
Interest on other borrowings 43 49 43
Total interest expense 1,116 1,489 2,244
Net interest income 5,065 4,854 4,466
Provision for credit losses 1,513 2,651 4,064
Net interest income after provision for credit losses 3,552 2,203 402
Noninterest Income      
Service charges on deposit accounts 685 760 848
Trust and investment management income 531 503 486
Other charges and fees 507 534 523
Card fees 371 376 324
Investment banking income 317 313 272
Trading income/(loss) 248 173 (41)
Retail investment services 230 205 218
Mortgage production related (loss)/income (5) 127 376
Mortgage servicing related income 224 358 330
Net securities gains 117 [2] 191 [2] 98 [2]
Gain from ownership in Visa 0 0 112
Other noninterest income 196 189 164
Total noninterest income 3,421 3,729 3,710
Noninterest Expense      
Employee compensation 2,494 2,364 2,258
Employee benefits 382 457 542
Outside processing and software 653 638 579
Net occupancy expense 356 361 357
Regulatory assessments 300 265 302
Credit and collection services 275 279 259
Other real estate expense 264 300 244
Operating losses 257 83 99
Marketing and customer development 184 177 152
Equipment expense 178 174 172
Potential mortgage servising settlement and claims expense 120 0 0
Amortization/impairment of goodwill/intangible assets 43 51 807
Net (gain)/loss on extinguishment of debt (3) 70 39
Other noninterest expense 731 692 752
Total noninterest expense 6,234 5,911 6,562
Income/(loss) before provision/(benefit) for income taxes 739 21 (2,450)
Provision/(benefit) for income taxes 79 (185) (898)
Net income/(loss) including income attributable to noncontrolling interest 660 206 (1,552)
Net income attributable to noncontrolling interest 13 17 12
Net income/(loss) 647 189 (1,564)
Net income/(loss) available to common shareholders $ 495 $ (87) $ (1,733)
Net income/(loss) per average common share      
Diluted $ 0.94 $ (0.18) $ (3.98)
Basic $ 0.94 $ (0.18) $ (3.98)
Dividends declared per common share $ 0.12 $ 0.04 $ 0.22
Average common shares - diluted 528 499 437
Average common shares - basic 524 495 435
[1] Includes dividends on common stock of The Coca-Cola Company of $56 million, $53 million, and $49 million during the years ended December 31, 2011, 2010, and 2009, respectively.
[2] Includes credit-related other-than-temporary impairment losses of $6 million, $2 million, and $20 million, consisting of $7 million, $2 million, and $113 million of total unrealized losses, net of $1 million, $0, and $93 million of non-credit related unrealized losses recorded in other comprehensive income, before taxes, for the years ended December 31, 2011, 2010, and 2009, respectively.