Selected Quarterly Financial Data (Unaudited) (table)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Data (Unaudited) disclosure

Selected Quarterly Financial Data (Unaudited) disclosure [Table Text Block]

2011 (in millions, except per share amounts)	First Quarter		Second Quarter			Third Quarter			Fourth Quarter		Total
Total revenues	$	6,278	$	6,388		$	6,407		$	6,373	$	25,446
Total expenses		5,309		7,115			6,075			5,595		24,094
Income (loss) before income taxes		969		(727	)		332			778		1,352
Income tax expense (benefit)		130		(363	)		(1	)		160		(74	)
Net income (loss)	$	839	$	(364	)	$	333		$	618	$	1,426
Net income (loss) per share(1):
Basic	$	1.94	$	(0.88	)	$	0.80		$	1.52	$	3.40
Diluted		1.92		(0.88	)		0.79			1.51		3.36

2010 (in millions, except per share amounts)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
Total revenues	$	6,119	$	6,179	$	6,482	$	6,332	$	25,112
Total expenses		5,262		5,298		5,111		5,135		20,806
Income before income taxes		857		881		1,371		1,197		4,306
Income tax expense		210		211		366		303		1,090
Net income	$	647	$	670	$	1,005	$	894	$	3,216
Net income per share(1):
Basic	$	1.26	$	1.37	$	2.14	$	1.98	$	6.69
Diluted		1.25		1.35		2.11		1.95		6.62

(1)

Due to the averaging of shares, quarterly earnings per share may not add to the total for the full year.