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Selected Quarterly Financial Data (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]                      
Net interest income $ 588 $ 604 $ 638 $ 654 $ 621 $ 617 $ 626 $ 606 $ 2,484 [1] $ 2,470 [1] $ 2,304 [1]
Provision for credit losses 19 62 134 157 267 47 (6) 53 372 [2] 361 188
Net interest income after provision for credit losses 569 542 504 497 354 570 632 553 2,112 2,109 2,116
Other revenues 257 320 293 462 274 531 403 464 1,332 1,672 1,606
Operating expenses 874 803 823 726 808 786 850 777 3,226 [3] 3,221 [3] 3,424 [3]
Income before income tax (48) 59 (26) 233 (180) 315 185 240 218 560 298
Income tax expense (benefit) (11) 26 (5) 79 (55) 111 98 76 89 230 (56)
Net income $ (37) $ 33 $ (21) $ 154 $ (125) $ 204 $ 87 $ 164 $ 129 $ 330 $ 354
[1] Net interest income of each segment represents the difference between actual interest earned on assets and interest paid on liabilities of the segment adjusted for a funding charge or credit. Segments are charged a cost to fund assets (e.g. customer loans) and receive a funding credit for funds provided (e.g. customer deposits) based on equivalent market rates. The objective of these charges/credits is to transfer interest rate risk from the segments to one centralized unit in Balance Sheet Management and more appropriately reflect the profitability of the segments.
[2] The provision for credit losses and charge-offs for residential mortgage loans during 2016 includes $11 million related to the lower of amortized cost or fair value adjustment attributable to credit factors for loans transferred to held for sale. See Note 7, "Loans Held for Sale," for additional information.
[3] Expenses for the segments include fully apportioned corporate overhead expenses.