Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2012

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

Accumulated Other Comprehensive Income (Loss)

14.    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.

Three Months Ended March 31,	2012			2011
	(in millions)
Unrealized gains on securities available-for-sale, not other-than temporarily impaired:
Balance at beginning of period	$	883		$	97
Other comprehensive income for period:
Net unrealized holding (losses) arising during period, net of tax benefit of $75 million and $68 million, respectively		(109	)		(120	)
Reclassification adjustment for (gains) realized in net income, net of tax benefit of $12 million and $16 million, respectively		(18	)		(28	)
Total other comprehensive income (loss) for period		(127	)		(148	)
Balance at end of period		756			(51	)
Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
Balance at beginning of period		-			(1	)
Other comprehensive income for period:
Reclassification adjustment for losses realized in net income, net of tax provision of less than $ 1 million		-			1
Total other comprehensive income (loss) for period		-			1
Balance at end of period		-			-
Unrealized gains (losses) on other-than-temporarily impaired debt securities held-to-maturity:
Balance at beginning of period		-			(153	)
Other comprehensive income for period:
Net unrealized other-than-temporary impairment arising during period		-			11
Adjustment to reverse other-than-temporary impairment due to deconsolidation of VIE		-			142
Total other comprehensive income for period		-			-
Balance at end of period		-			-
Unrealized losses on derivatives classified as cash flow hedges:
Balance at beginning of period		(229	)		(87	)
Other comprehensive loss for period:
Net gains (losses) arising during period, net of tax benefit (provision) of $(27) million and $1 million, respectively		35			(5	)
Reclassification adjustment for losses realized in net income, net of tax provision of $2 million and $1 million, respectively		2			2
Total other comprehensive income (loss) for period		37			(3	)
Balance at end of period		(192	)		(90	)
Pension and postretirement benefit liability:
Balance at beginning of period		(12	)		(9	)
Other comprehensive income (loss) for period:
Change in unfunded pension postretirement liability, net of tax provision of less than $1 million in 2012 and 2011		1			1
Total other comprehensive (loss) for period		1			1
Balance at end of period		(11	)		(8	)
Total accumulated other comprehensive income (loss) at end of period	$	553		$	(149	)