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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2017
Selected Quarterly Financial Data (Unaudited) disclosure  
Selected Quarterly Financial Data (Unaudited) disclosure [Text Block]

19. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

2017 (in millions, except per share amounts)
  First
Quarter		   Second
Quarter		   Third
Quarter		   Fourth
Quarter		   Total  

Total revenues

   $ 6,942   $ 7,184   $ 7,325   $ 7,451   $ 28,902  

Total expenses

     6,182     6,394     7,005     6,591     26,172  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income before income taxes

     760     790     320     860     2,730  

Income tax expense(1):

     143     195     27     309     674  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

   $ 617   $ 595   $ 293   $ 551   $ 2,056  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income per share(2):

                                

Basic

   $ 2.19   $ 2.13   $ 1.06   $ 2.00   $ 7.39  

Diluted

     2.17     2.11     1.05     1.98     7.33  


 

2016 (in millions, except per share amounts)
  First
Quarter		   Second
Quarter		   Third
Quarter		   Fourth
Quarter		   Total  

Total revenues

   $ 6,686   $ 6,785   $ 6,961   $ 7,193   $ 27,625  

Total expenses

     5,769     5,898     6,014     5,891     23,572  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income before income taxes

     917     887     947     1,302     4,053  

Income tax expense

     226     223     231     359     1,039  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

   $ 691   $ 664   $ 716   $ 943   $ 3,014  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income per share(2):

                                

Basic

   $ 2.33   $ 2.27   $ 2.48   $ 3.32   $ 10.39  

Diluted

     2.30     2.24     2.45     3.28     10.28  
(1)
Income tax expense for the fourth quarter and full year of 2017 included a net charge of $129 million to reflect the change in tax laws and tax rates enacted in the U.S. on December 22, 2017 as part of the Tax Cuts and Jobs Act of 2017, resulting primarily from revaluing the Company's deferred tax assets and liabilities and the tax imposed on accumulated foreign earnings.

(2)
Due to the use of an average number of shares for each quarter, the sum of the quarterly earnings per share may not equal the total earnings per share for the full year.