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Selected Quarterly Financial Data (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Condensed Income Statements, Captions [Line Items]                      
Net interest income $ 586 $ 559 $ 555 $ 552 $ 534 $ 560 $ 582 $ 597 $ 2,252 $ 2,273 $ 2,484
Provision for credit losses 23 20 (45) (71) (45) (22) (21) (77) (73) (165) 372
Net interest income after provision for credit losses 563 539 600 623 579 582 603 674 2,325 2,438 2,112
Total other revenues 363 486 537 513 458 393 558 593 1,899 [1] 2,002 [1] 1,404 [1],[2]
Operating expenses 780 790 786 1,282 903 820 849 819 3,638 [1] 3,391 [1],[3] 3,298 [1],[3]
Income (loss) before income tax 146 235 351 (146) 134 155 312 448 586 1,049 218
Income tax expense (benefit) 34 58 82 92 907 61 108 152 266 1,228 89
Net income (loss) 112 [4] $ 177 $ 269 $ (238) $ (773) $ 94 $ 204 $ 296 $ 320 $ (179) $ 129
Out of Period Adjustments [Member]                      
Condensed Income Statements, Captions [Line Items]                      
Net income (loss) 56                    
Out of Period Adjustments, Prior Period Amounts [Member]                      
Condensed Income Statements, Captions [Line Items]                      
Net income (loss) $ 33                    
[1] Represents adjustments associated with differences between U.S. GAAP and the Group Reporting Basis. These adjustments, which are more fully described above, consist of the following: NetInterestIncome OtherRevenues Provisionfor CreditLosses OperatingExpenses Profit (Loss)before IncomeTax Expense TotalAssets (in millions)December 31, 2018 Deposit incentives$9 $— $— $20 $(11) $(10)Derivatives— — — — — (30,866)Expected credit losses / loan impairment(6) — 118 — (124) (386)Goodwill— — — — — 347Loan origination(29) (3) — (14) (18) 45Loans held for sale9 6 (3) — 18 45Pension and other postretirement benefit costs— — — 8 (8) (44)Property— — — (8) 8 7Securities transferred to held-to-maturity— — — — — (76)Other1 (12) — (3) (8) 11Total adjustments$(16) $(9) $115 $3 $(143) $(30,927) December 31, 2017 Derivatives$— $— $— $— $— $(32,900)Expected credit losses / loan impairment(43) — (72) — 29 (332)Goodwill— (1) — — (1) 347Loan origination(19) — — (14) (5) 42Loans held for sale9 141 — — 150 21Pension and other postretirement benefit costs— — — 94 (94) (263)Property— — — (11) 11 8Structured notes and deposits— 85 — — 85 —Other5 (25) — 6 (26) (1)Total adjustments$(48) $200 $(72) $75 $149 $(33,078) December 31, 2016 Derivatives$— $— $— $— $— $(44,911)Expected credit losses / loan impairment(57) 7 (58) 1 7 (326)Goodwill— — — — — 348Loan origination(21) — — (19) (2) 35Loans held for sale— (80) (20) — (60) (31)Pension and other postretirement benefit costs— — — 19 (19) (191)Property— — — (19) 19 16Unquoted equity securities— — — — — (163)Other2 (31) — (8) (21) (11)Total adjustments$(76) $(104) $(78) $(26) $(76) $(45,234)
[2] See Note 23, "Business Segments," for a reconciliation of total other revenues on a U.S. GAAP basis to other operating income for each business segment under the Group Reporting Basis.
[3] Represents differences in financial statement presentation between U.S. GAAP and the Group Reporting Basis.
[4] Fourth quarter 2018 reflects out of period adjustments which reduced net income by $56 million, $33 million of which relates to prior year periods. We concluded these adjustments were not material to the current and prior year periods.