XML 183 R170.htm IDEA: XBRL DOCUMENT v3.8.0.1
Selected Quarterly Financial Data (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
Quarterly Financial Information Disclosure [Abstract]                      
Net interest income $ 534 $ 560 $ 582 $ 597 $ 588 $ 604 $ 638 $ 654 $ 2,273 [1] $ 2,484 [1] $ 2,470 [1]
Provision for credit losses (45) (22) (21) (77) 19 62 134 157 (165) 372 [2] 361
Net interest income after provision for credit losses 579 582 603 674 569 542 504 497 2,438 2,112 2,109
Total other revenues 458 393 558 593 282 338 307 477 2,002 [3] 1,404 [3] 1,735 [3]
Operating expenses 903 820 849 819 899 821 837 741 3,391 [3] 3,298 [3],[4] 3,284 [3],[4]
Income (loss) before income tax 134 155 312 448 (48) 59 (26) 233 1,049 218 560
Income tax expense (benefit) 907 61 108 152 (11) 26 (5) 79 1,228 89 230
Net income (loss) $ (773) $ 94 $ 204 $ 296 $ (37) $ 33 $ (21) $ 154 $ (179) $ 129 $ 330
[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.
[4] In 2017, we changed our presentation for certain cost reimbursements that were previously netted as an offset to affiliate expense. We now present these reimbursements gross in affiliate income. As a result, we have reclassified prior year amounts in order to conform to the current year presentation, which increased both RBWM other operating income and RBWM operating expenses $11 million during the year ended December 31, 2016 and also increased both GB&M other operating income and GB&M operating expenses $61 million and $63 million during the years ended December 31, 2016 and 2015, respectively. See Note 21, "Related Party Transactions," in the accompanying consolidated financial statements for additional information.