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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Summary of Non-Cumulative Perpetual Preferred Stock
The following table presents a summary of the non-cumulative perpetual preferred stock as of December 31, 2016:
Preferred Stock Issue
 
Issuance Date
 
Earliest Redemption Date
 
Liquidation Amount
 
Carrying Amount
 
Dividend Rate
 
 
 
 
 
 
(Dollars in millions)
 
 
Series D
 
5/1/2012
 
5/1/2017
 
$
575

 
$
559

 
5.850
%
Series E
 
7/31/2012
 
8/1/2017
 
1,150

 
1,120

 
5.625

Series F
 
10/31/2012
 
11/1/2017
 
450

 
437

 
5.200

Series G
 
5/1/2013
 
6/1/2018
 
500

 
487

 
5.200

Series H
 
3/9/2016
 
6/1/2021
 
465

 
450

 
5.625

 
 
 
 
 
 
$
3,140

 
$
3,053

 
 
Summary of Selected Information Pertaining to Equity-based Compensation Plans
The following table provides a summary of the equity-based compensation plans:
 
 
December 31, 2016
Shares available for future grants (in thousands)
 
16,627

 
 
 
 
 
Vesting period, awards granted prior to 2010
 
5.0

yrs
Vesting period, awards granted after 2009 (minimum years)
 
1.0

 
Vesting period, awards granted after 2009 (maximum years)
 
5.0

 
Option term
 
10.0

 
Summary of Selected Data Related to Equity-based Compensation Costs
A summary of selected data related to equity-based compensation costs follows:
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
 
 
(Dollars in millions)
Equity-based compensation expense
 
$
115

 
$
106

 
$
102

Income tax benefit from equity-based compensation expense
 
43

 
40

 
39

Intrinsic value of options exercised and RSUs that vested during the year
 
159

 
170

 
280

Grant date fair value of equity-based awards that vested during the year
 
98

 
115

 
113

 
 
 
 
 
 
 
 
 
 
 
December 31,
 
 
 
 
2016
 
2015
 
 
 
 
(Dollars in millions)
Unrecognized compensation cost related to equity-based awards
 
 

 
$
109

 
$
103

Weighted-average life over which compensation cost is expected to be recognized (years)
 
 
 
2.3

 
2.2

Stock Options Activity Roll Forward
The following tables present the activity during 2016 related to equity-based compensation awards:
 
 
Options
 
Wtd. Avg. Exercise Price Per Share
 
Aggregate Intrinsic Value
 
Wtd. Avg. Remaining Contractual Life
 
 
(Dollars in millions, except per share data, shares in thousands)
Outstanding at January 1, 2016
 
20,577

 
$
34.89

 
 
 
 
 
Replacement awards granted in connection with acquisitions
 
566

 
36.12

 
 
 
 
 
Granted
 
610

 
32.10

 
 
 
 
 
Exercised
 
(7,101
)
 
34.87

 
 
 
 
 
Forfeited or expired
 
(2,856
)
 
40.64

 
 
 
 
 
Outstanding at December 31, 2016
 
11,796

 
33.42

 
$
166

 
3.47
yrs
Exercisable at December 31, 2016
 
11,023

 
33.36

 
156

 
3.11
 
Exercisable and expected to vest at December 31, 2016
 
11,755

 
33.42

 
166

 
3.46
 
Restricted Shares and RSUs Activity Roll Forward
 
 
Restricted Shares/Units
 
Wtd. Avg. Grant Date Fair Value
 
 
(Shares in thousands)
Nonvested at January 1, 2016
 
11,824

 
$
29.81

Granted
 
5,235

 
27.49

Vested
 
(3,150
)
 
27.76

Forfeited
 
(393
)
 
29.74

Nonvested at December 31, 2016
 
13,516

 
29.39

Expected to vest at December 31, 2016
 
12,384

 
29.39