XML 87 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Changes in Equity (USD $)
In Millions, except Share data, unless otherwise specified
Total
Preferred Stock
Series B Preferred Stock
Common Shares
Common Stock Warrant
Capital Surplus
Retained Earnings
Retained Earnings
Series A Preferred Stock
Retained Earnings
Series B Preferred Stock
Treasury Stock, at Cost
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Comprehensive Income (Loss)
Beginning Balance at Sep. 30, 2008                          
Other comprehensive income (loss):                          
Common shares issuance, Value     $ 2,500                    
Ending Balance at Dec. 31, 2008   3,072   584 87 2,553 6,727     (2,608) 65 201  
Beginning Balance, Shares at Dec. 31, 2008       495,002,000                  
Beginning Balance, Shares at Dec. 31, 2008   6,600,000                      
Net income (loss) (1,311)           (1,335)         24 (1,311)
Other comprehensive income (loss):                          
Net unrealized gains (losses) on securities available for sale, net of income taxes of $(5), $69 and $46 for years ended December 31, 2009, 2010 and 2011                     (1)   (1)
Net unrealized gains (losses) on derivative financial instruments, net of income taxes of ($77), $(63) and $(6) for years ended December 31, 2009, 2010 and 2011                     (124)   (124)
Net unrealized gains (losses) on common investments held in employee welfare benefits trust, net of income taxes                     1   1
Net contribution to noncontrolling interests                       45 45
Foreign currency translation adjustments                     45   45
Net pension and postretirement benefit costs, net of income taxes                     11   11
Total comprehensive income (loss)                         (1,334)
Deferred compensation           15              
Cash dividends declared on common shares ($0.0925 per share) ($.04 per share) ($.10 per share)               (54)          
Cash dividends declared on Preferred Stock               (34) (125)        
Amortization of discount on Series B Preferred Stock     16           (16)        
Common shares exchanged for Series A Preferred Stock   (367)   29   (167) (5)     508      
Common shares exchanged for Series A Preferred Stock , shares   (3,670,000)   (46,602,000)                  
Common shares exchanged for capital securities       128   634              
Common shares exchanged for capital securities , shares       127,616,000                  
Common shares issuance, Value       205   781              
Common shares issuance, Issues 205,438,975     205,439,000                  
Common shares reissued for stock options and other employee benefit plans           (82)       120      
Common shares reissued for stock options and other employee benefit plans, Shares       3,876,000                  
Ending Balance at Dec. 31, 2009   2,721   946 87 3,734 5,158     (1,980) (3) 270  
Ending Balance, Shares at Dec. 31, 2009   2,930,000                      
Ending Balance, Shares at Dec. 31, 2009       878,535,000                  
Cumulative effect adjustment to beginning balance of Retained Earnings [1]             45            
Net income (loss) 584           554         30 584
Other comprehensive income (loss):                          
Net unrealized gains (losses) on securities available for sale, net of income taxes of $(5), $69 and $46 for years ended December 31, 2009, 2010 and 2011                     116   116
Net unrealized gains (losses) on derivative financial instruments, net of income taxes of ($77), $(63) and $(6) for years ended December 31, 2009, 2010 and 2011                     (106)   (106)
Net distribution from noncontrolling interests                       (43) (43)
Foreign currency translation adjustments                     4   4
Net pension and postretirement benefit costs, net of income taxes                     (28)   (28)
Total comprehensive income (loss) [1]                         527
Deferred compensation           19              
Cash dividends declared on common shares ($0.0925 per share) ($.04 per share) ($.10 per share)             (36)            
Cash dividends declared on Preferred Stock               (23) (125)        
Amortization of discount on Series B Preferred Stock     16           (16)        
Common shares reissued for stock options and other employee benefit plans           (42)       76      
Common shares reissued for stock options and other employee benefit plans, Shares       2,073,000                  
Ending Balance at Dec. 31, 2010 11,374 2,737   946 87 3,711 5,557     (1,904) (17) 257  
Ending Balance, Shares at Dec. 31, 2010       880,608,000                  
Beginning Balance, Shares at Dec. 31, 2010   2,930,000                      
Correction of an error in cumulative effect adjustment [2]             (30)            
Net income (loss) 932           920         12 [2] 932
Other comprehensive income (loss):                          
Net unrealized gains (losses) on securities available for sale, net of income taxes of $(5), $69 and $46 for years ended December 31, 2009, 2010 and 2011                     77   77
Net unrealized gains (losses) on derivative financial instruments, net of income taxes of ($77), $(63) and $(6) for years ended December 31, 2009, 2010 and 2011                     (10)   (10)
Net distribution from noncontrolling interests                       (252) (252)
Foreign currency translation adjustments                     (4)   (4)
Net pension and postretirement benefit costs, net of income taxes                     (74)   (74)
Total comprehensive income (loss)                         669
Deferred compensation           (2)              
Cash dividends declared on common shares ($0.0925 per share) ($.04 per share) ($.10 per share)             (94)            
Cash dividends declared on Preferred Stock               (23) (31)        
Preferred Stock- TARP redemption, shares     (25,000)                    
Preferred Stock- TARP redemption, value     (2,451)           (49)        
Repurchase of common stock warrant         (87) 17              
Amortization of discount on Series B Preferred Stock     4       (4)            
Common shares issuance, Value       71   533              
Common shares issuance, Issues       70,621,000                  
Common shares reissued for stock options and other employee benefit plans           (65)       89      
Common shares reissued for stock options and other employee benefit plans, Shares       1,779,000                  
Other   1                      
Ending Balance at Dec. 31, 2011 $ 9,922 $ 291   $ 1,017 $ 0 $ 4,194 $ 6,246     $ (1,815) $ (28) $ 17  
Ending Balance, Shares at Dec. 31, 2011   2,905,000                      
Ending Balance, Shares at Dec. 31, 2011       953,008,000                  
[1] The $45 million cumulative effect adjustment on January 1, 2010 was erroneously shown as a component of Comprehensive Income (Loss) and has been removed for financial reporting presentation. Therefore, Total Comprehensive Income (Loss) was previously shown as $572 million and now has been reflected at $527 million for financial reporting presentation purposes.
[2] Corrects the cumulative effect adjustment made to beginning retained earnings on January 1, 2010 related to the consolidation of the student loan securitization trusts in discontinued operations. See Note 13 ("Acquisition, Divestiture and Discontinued Operations") for more information.