Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income

v2.4.0.6
Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2011
Accumulated Other Comprehensive Income [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
Accumulated Other Comprehensive Income
The table below presents the changes in accumulated OCI in 2009, 2010 and 2011, net-of-tax.
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
Available-for-
Sale Debt
Securities
 
Available-for-
Sale Marketable
Equity Securities
 
Derivatives
 
Employee
Benefit Plans (1)
 
Foreign
Currency (2)
 
Total
Balance, December 31, 2008
$
(5,956
)
 
$
3,935

 
$
(3,458
)
 
$
(4,642
)
 
$
(704
)
 
$
(10,825
)
Cumulative adjustment for accounting change – OTTI (3)
(71
)
 

 

 

 

 
(71
)
Net change in fair value recorded in accumulated OCI
6,364

 
2,651

 
153

 
318

 
211

 
9,697

Net realized (gains) losses reclassified into earnings
(965
)
 
(4,457
)
 
770

 
232

 

 
(4,420
)
Balance, December 31, 2009
$
(628
)
 
$
2,129

 
$
(2,535
)
 
$
(4,092
)
 
$
(493
)
 
$
(5,619
)
Cumulative adjustments for accounting changes: (3)
 

 
 

 
 

 
 

 
 

 
 

Consolidation of certain variable interest entities
(116
)
 

 

 

 

 
(116
)
Credit-related notes
229

 

 

 

 

 
229

Net change in fair value recorded in accumulated OCI
2,210

 
5,657

 
(1,108
)
 
(104
)
 
(44
)
 
6,611

Net realized (gains) losses reclassified into earnings
(981
)
 
(1,127
)
 
407

 
249

 
281

 
(1,171
)
Balance, December 31, 2010
$
714

 
$
6,659

 
$
(3,236
)
 
$
(3,947
)
 
$
(256
)
 
$
(66
)
Net change in fair value recorded in accumulated OCI
4,331

 
(2,539
)
 
(1,567
)
 
(714
)
 
(34
)
 
(523
)
Net realized (gains) losses reclassified into earnings
(1,945
)
 
(4,117
)
 
1,018

 
270

 
(74
)
 
(4,848
)
Balance, December 31, 2011
$
3,100

 
$
3

 
$
(3,785
)
 
$
(4,391
)
 
$
(364
)
 
$
(5,437
)
(1) 
Net change in fair value represents after-tax adjustments based on the final year-end actuarial valuations. For more information on employee benefit plans, see Note 19 – Employee Benefit Plans.
(2) 
Net change in fair value represents only the impact of changes in spot foreign exchange rates on the Corporation’s net investment in non-U.S. operations and related hedges.
(3) 
For additional information on the adoption of new accounting guidance, see Note 1 – Summary of Significant Accounting Principles and Note 5 – Securities.