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Selected Quarterly Financial Data (Unaudited) (table)
12 Months Ended
Dec. 31, 2016
Selected Quarterly Financial Data (Unaudited) disclosure  
Selected Quarterly Financial Data (Unaudited) disclosure [Table Text Block]

 

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(1):

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.33

 

$

2.27

 

$

2.48

 

$

3.32

 

$

10.39

 

Diluted

 

2.30

 

2.24

 

2.45

 

3.28

 

10.28

 

 

 

 

 

 

 

 

 

 

 

 

 

2015 (in millions, except per share amounts)

 

First
Quarter

 

Second
Quarter

 

Third
Quarter

 

Fourth
Quarter

 

Total

 

Total revenues

 

$

6,629

 

$

6,710

 

$

6,798

 

$

6,678

 

$

26,815

 

Total expenses

 

5,481

 

5,634

 

5,491

 

5,469

 

22,075

 

Income before income taxes

 

1,148

 

1,076

 

1,307

 

1,209

 

4,740

 

Income tax expense

 

315

 

264

 

379

 

343

 

1,301

 

Net income

 

$

833

 

$

812

 

$

928

 

$

866

 

$

3,439

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share(1):

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.58

 

$

2.56

 

$

3.00

 

$

2.87

 

$

10.99

 

Diluted

 

2.55

 

2.53

 

2.97

 

2.83

 

10.88

 

 

 

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