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Income Taxes - Effective tax rates (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income tax reconciliation                      
Tax expense (benefit) at the U.S. federal statutory income tax rate                 $ 367 $ 76 $ 196
State and local taxes, net of federal benefit                 28 10 20
Adjustment of Federal tax rate used to value deferred taxes $ 865               865 [1] 0 [1] 0 [1]
Adjustment of State tax rate used to value deferred taxes [2]                 (15) 4 47
Other non-deductible / non-taxable items [3]                 1 21 1
Items affecting prior periods [4]                 6 (2) (7)
Uncertain tax positions                 0 (4) 4
Change in valuation allowances reserve                 0 0 (5)
Stock based compensation [5]                 (8) 0 0
Other                 1 1 0
Total income tax expense (benefit) $ 907 $ 61 $ 108 $ 152 $ (11) $ 26 $ (5) $ 79 1,228 $ 89 $ 230
Out of period adjustment to deferred tax assets                 $ 9    
Effective income tax reconciliation                      
Tax expense (benefit) at the U.S. federal statutory income tax rate, percentage                 35.00% 35.00% 35.00%
State and local taxes, net of federal benefit, percentage                 2.70% 4.60% 3.60%
Adjustment of Federal tax rate used to value deferred taxes, percentage [1]                 82.40% 0.00% 0.00%
Adjustment of State tax rate used to value deferred taxes, percentage [2]                 (1.40%) 1.80% 8.40%
Other non-deductible / non-taxable items, percentage [3]                 0.10% 9.60% 0.20%
Items affecting prior periods, percentage [4]                 0.60% (0.90%) (1.30%)
Uncertain tax positions, percentage                 0.00% (1.80%) 0.70%
Low income housing and other tax credit investments                 $ (17) $ (17) $ (26)
Low income housing and other tax credit investments, percentage                 (1.60%) (7.80%) (4.60%)
Change in valuation allowances reserves, percentage                 0.00% 0.00% (0.90%)
Stock based compensation, percent [5]                 (0.80%) 0.00% 0.00%
Other, percentage                 0.10% 0.50% 0.00%
Effective tax rate, percentage                 117.10% 40.80% 41.10%
[1] For 2017, the amount relates to the effects of revaluing our net deferred tax asset for new Tax Legislation that was enacted on December 22, 2017.
[2] For 2016, the amount mainly relates to the accrual of non-deductible penalties.
[3] For 2016, the amount mainly relates to the accrual of non-deductible penalties.
[4] For 2017, the amount relates to the impact of adjustments associated with filing the 2016 State income tax returns and changes in tax credits as a result of filing the 2016 Federal income tax return.
[5] As discussed more fully in Note 2, "Summary of Significant Accounting Policies and New Accounting Pronouncements," beginning January 1, 2017, all excess tax benefits and tax deficiencies for share-based payment awards are recorded within income tax expense in the consolidated statement of income (loss).