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Consolidated Statement of Changes In Shareholders' Equity (USD $)
In Millions, except Share data, unless otherwise specified
Total
Preferred stock
Common Stock
Additional Paid-in capital
Retained Earnings
Accumulated other comprehensive income (loss)
Comprehensive income
Beginning balance at Dec. 31, 2008   $ 1,565 $ 0 $ 11,694 $ 245 $ (787)  
Beginning balance, shares at Dec. 31, 2008   25,947,600 709        
Capital contributions from parent       2,167      
Return of capital on preferred shares issued to CT Financial Services, Inc.       (55)      
Employee benefit plans and other       (11)      
Adjustment to initially apply new guidance for other-than-temporary impairment on debt securities, net of tax         15 (15)  
Balance at beginning of period, as adjusted         260 (802)  
Cash dividends declared on preferred stock         (73)    
Net change in unrealized gains (losses), net of tax as applicable on:              
Securities available-for-sale, not other-than-temporarily impaired           444  
Other-than-temporarily impaired debt securities available for sale (1) [1]           (41)  
Derivatives classified as cash flow hedges           171  
Other comprehensive income, net of tax           574 574
Comprehensive income              
Net income (loss) (142)       (142)   (142)
Other comprehensive income, net of tax           574 574
Comprehensive income             432
Shares redeemed   (100)          
Number of shares of common stock issued to parent     3        
Ending balance at Dec. 31, 2009 15,177 1,565 0 13,795 45 (228)  
Ending balance, shares at Dec. 31, 2009   25,947,500 712        
Return of capital on preferred shares issued to CT Financial Services, Inc.       (3)      
Employee benefit plans and other       (7)      
Adjustment to initially apply new guidance for consolidation of VIEs, net of tax         1 (246)  
Balance at beginning of period, as adjusted         46 (474)  
Cash dividends declared on preferred stock         (74)    
Net change in unrealized gains (losses), net of tax as applicable on:              
Securities available-for-sale, not other-than-temporarily impaired           165  
Other-than-temporarily impaired debt securities available for sale (1) [1]           55  
Other-than-temporarily impaired debt securities held to maturity (1) [1]           93  
Derivatives classified as cash flow hedges           13  
Unrecognized actuarial gains, transition obligation and prior service costs relating to pension and postretirement benefits, net of tax           (5)  
Other comprehensive income, net of tax           321 321
Comprehensive income              
Net income (loss) 1,564       1,564   1,564
Other comprehensive income, net of tax           321 321
Comprehensive income             1,885
Shares redeemed   0          
Number of shares of common stock issued to parent     0        
Ending balance at Dec. 31, 2010 16,733 1,565 0 13,785 1,536 (153)  
Ending balance, shares at Dec. 31, 2010   25,947,500 712        
Capital contributions from parent       21      
Employee benefit plans and other       8      
Balance at beginning of period, as adjusted         1,536 (153)  
Cash dividends declared on preferred stock         (73)    
Net change in unrealized gains (losses), net of tax as applicable on:              
Securities available-for-sale, not other-than-temporarily impaired           786  
Other-than-temporarily impaired debt securities available for sale (1) [1]           1  
Other-than-temporarily impaired debt securities held to maturity (1) [1]           11  
Adjustment to reverse other-than-temporary impairment on securities held-to-maturity due to deconsolidation of VIE           142  
Derivatives classified as cash flow hedges           (142)  
Unrecognized actuarial gains, transition obligation and prior service costs relating to pension and postretirement benefits, net of tax           (3)  
Other comprehensive income, net of tax           795 795
Comprehensive income              
Net income (loss) 1,018       1,018   1,018
Other comprehensive income, net of tax           795 795
Comprehensive income             1,813
Shares redeemed   0          
Number of shares of common stock issued to parent     0        
Ending balance at Dec. 31, 2011 $ 18,502 $ 1,565 $ 0 $ 13,814 $ 2,481 $ 642  
Ending balance, shares at Dec. 31, 2011   25,947,500 712        
[1] During 2011, there were no other-than-temporary ("OTTI") losses on securities recognized in other revenues and no OTTI losses on securities were recognized in the non-credit component in accumulated other comprehensive income (loss) ("AOCI"), net of tax. During 2010, other-than-temporary impairment OTTI losses on securities available-for-sale and held-to-maturity totaling $79 million were recognized in other revenues and losses in the non-credit component recognized in AOCI, net of tax were not significant. During 2009, $208 million of OTTI losses on securities available-for-sale were recognized, of which $84 million was recognized in AOCI, net of tax.