Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2011

Preferred Stock and Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

21.    Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive loss includes certain items that are reported directly within a separate component of shareholders’ equity. The following table presents changes in accumulated other comprehensive loss balances.

At December 31,	2011			2010			2009
	(in millions)
Unrealized gains (losses) on securities available-for-sale, not other-than temporarily impaired:
Balance at beginning of period	$	97		$	(68	)	$	(512	)
Other comprehensive income for period:
Net unrealized holding gains arising during period, net of tax (provision) of $(605) million, $(123) million and $(284) million in 2011, 2010 and 2009, respectively		862			211			526
Reclassification adjustment for (gains) realized in net income, net of tax benefit of $53 million, $27 million and $36 million in 2011, 2010 and 2009, respectively		(76	)		(46	)		(82	)
Total other comprehensive income for period		786			165			444
Balance at end of period		883			97			(68	)
Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
Balance at beginning of period		(1	)		(56	)		-
Adjustment to initially apply new other-than-temporarily impaired accounting guidance for debt securities available-for-sale, net of tax benefit of $8 million in 2009		-			-			(15	)
Balance at beginning of period, as adjusted		(1	)		(56	)		(15	)
Other comprehensive income for period:
Net unrealized other-than-temporary impairment arising during period, net of tax (provision) benefit of $(21) million and $30 million in 2010 and 2009, respectively		-			38			(54	)
Reclassification adjustment for losses realized in net income, net of tax (provision) of $(1) million, $(9) million and $(7) million in 2011, 2010 and 2009, respectively		1			17			13
Total other comprehensive income (loss) for period		1			55			(41	)
Balance at end of period		-			(1	)		(56	)
Unrealized gains (losses) on other-than-temporarily impaired debt securities held-to-maturity:
Balance at beginning of period		(153	)		-			-
Adjustment to initially apply new guidance for consolidation of VIE		-			(246	)		-
Balance at beginning of period, as adjusted		(153	)		(246	)		-
Other comprehensive income for period:
Net unrealized other-than-temporary impairment arising during period		11			93			-
Adjustment to reverse other-than-temporary impairment due to deconsolidation of VIE		142			-			-
Total other comprehensive income for period		153			93			-
Balance at end of period		-			(153	)		-
Unrealized (losses) gains on derivatives classified as cash flow hedges:
Balance at beginning of period		(87	)		(100	)		(271	)
Other comprehensive loss for period:
Net gains (losses) arising during period, net of tax benefit (provision) of $110 million, $(10) million and $(101) million in 2011, 2010 and 2009, respectively		(142	)		13			171
Total other comprehensive income(loss) for period		(142	)		13			171
Balance at end of period		(229	)		(87	)		(100	)
Pension and postretirement benefit liability:
Balance at beginning of period		(9	)		(4	)		(4	)
Other comprehensive income (loss) for period:
Change in unfunded pension postretirement liability, net of tax benefit of $3 million and $2 million in 2011 and 2010, respectively		(3	)		(5	)		-
Total other comprehensive (loss) for period		(3	)		(5	)		-
Balance at end of period		(12	)		(9	)		(4	)
Total accumulated other comprehensive income (loss) at end of period	$	642		$	(153	)	$	(228	)