XML 39 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Assets (Notes)
 12 Months Ended
Dec. 31, 2018
Other Assets Disclosure [Abstract]  
Other Assets Disclosure [Text Block] NOTE 11 - OTHER ASSETS
The components of other assets are presented in the following table:
(Dollars in millions)
December 31, 2018
 
December 31, 2017
Equity securities 1:
 
 
 
Marketable equity securities 2:
 
 
 
Mutual fund investments

$79

 

$49

Other equity 3
16

 
7

Nonmarketable equity securities:
 
 
 
Federal Reserve Bank stock 2
403

 
403

FHLB stock 2
227

 
15

Other equity 3
68

 
26

Lease assets
1,940

 
1,528

Tax credit investments 4
1,722

 
1,272

Bank-owned life insurance
1,627

 
1,411

Accrued income
1,106

 
880

Accounts receivable
602

 
2,201

Pension assets, net
484

 
464

Prepaid expenses
231

 
319

OREO
54

 
57

Other 5
432

 
467

Total other assets

$8,991

 

$9,099

1 Does not include equity securities held for trading purposes classified as Trading assets and derivative instruments or Trading liabilities and derivative instruments on the Company’s Consolidated Balance Sheets. See Note 5, “Trading Assets and Liabilities and Derivative Instruments,” for more information.
2 Beginning January 1, 2018, the Company reclassified equity securities previously presented in Securities AFS to Other assets on the Consolidated Balance Sheets. Prior periods have been revised to conform to the current presentation for comparability.
3 During the second quarter of 2018, the Company reclassified $22 million of equity securities from nonmarketable to marketable equity securities due to readily determinable fair value information observed in active markets.
4 See Note 12, “Certain Transfers of Financial Assets and Variable Interest Entities,” for additional information.
5 Beginning October 1, 2018, the Company reclassified capitalized software and related accumulated amortization previously presented in Other assets to Premises, property, and equipment, net, on the Consolidated Balance Sheets. Prior periods have been revised to conform to the current presentation for comparability.
Equity Securities Not Classified as Trading Assets or Liabilities
Equity securities with readily determinable fair values (marketable) that are not held for trading purposes are recorded at fair value and include mutual fund investments and other publicly traded equity securities.
Equity securities without readily determinable fair values (nonmarketable) that are not held for trading purposes include Federal Reserve Bank of Atlanta and FHLB of Atlanta capital stock, both held at cost, as well as other equity securities that the Company elected to account for under the measurement alternative, pursuant to the adoption of ASU 2016-01 on January 1, 2018. See the “Equity Securities” and “Accounting Pronouncements” sections of Note 1, “Significant Accounting Policies,” for additional information on the Company’s adoption of ASU 2016-01 and for the Company's accounting policy related to equity securities.
The following table summarizes net gains/(losses) for equity securities not classified as trading assets:
(Dollars in millions)
Year Ended December 31, 2018
Net (losses)/gains from marketable equity securities 1

($2
)
Net gains/(losses) from nonmarketable equity securities:
 
Remeasurement losses and impairment
—

Remeasurement gains 1
30

Less: Net realized gains from sale
—

Total net unrealized gains from non-trading equity securities

$28


1 Recognized in Other noninterest income in the Company's Consolidated Statements of Income.
Lease Assets
Lease assets consist primarily of operating leases in which the Company is the lessor. In these scenarios, the Company leases assets and receives periodic rental payments. Depreciation on the leased asset is recognized over the term of the operating lease. Any impairment on the leased asset is recognized to the extent that the carrying value of the asset is not recoverable and is greater than its fair value.

Bank-Owned Life Insurance
Bank-owned life insurance consists of life insurance policies held on certain employees for which the Company is the beneficiary. These policies provide the Company an efficient form of funding for retirement and other employee benefits costs.
Accrued Income
Accrued income consists primarily of interest and other income accrued on the Company’s LHFI. Interest income on loans, except those classified as nonaccrual, is accrued based upon the outstanding principal amounts using the effective yield method. See Note 1, “Significant Accounting Policies,” for information regarding the Company’s accounting policy for loans.
Accounts Receivable
Accounts receivable consists primarily of receivables from brokers, dealers, and customers related to pending loan trades, unsettled trades of securities, loan-related advances, and investment securities income due but not received. Accounts receivable also includes proceeds due from the FHA and the VA on foreclosed real estate related to loans that are insured by the FHA or guaranteed by the VA.
Pension Assets
Pension assets (net) represent the funded status of the Company’s overfunded pension and other postretirement benefits plans, measured as the difference between the fair value of plan assets and the benefit obligation at period end.