Annual report pursuant to Section 13 and 15(d)

Income Taxes - Reconciliation of Income Tax Expense (Details)

v3.10.0.1
Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Amount      
Expected U.S. federal income tax expense $ 7,263,000,000 $ 10,225,000,000 $ 8,757,000,000
Increase (decrease) in taxes resulting from:      
State tax expense, net of federal benefit 1,367,000,000 881,000,000 420,000,000
Affordable housing/energy/other credits (1,888,000,000) (1,406,000,000) (1,203,000,000)
Tax-exempt income, including dividends (413,000,000) (672,000,000) (562,000,000)
Share-based compensation (257,000,000) (236,000,000) 0
Nondeductible expenses 302,000,000 97,000,000 180,000,000
Changes in prior-period UTBs, including interest 144,000,000 133,000,000 (328,000,000)
Rate differential on non-US earnings 98,000,000 (272,000,000) (307,000,000)
Tax law changes 0 2,281,000,000 348,000,000
Other (179,000,000) (50,000,000) (106,000,000)
Total income tax expense $ 6,437,000,000 $ 10,981,000,000 $ 7,199,000,000
Percent      
Expected U.S. federal income tax expense 21.00% 35.00% 35.00%
Increase (decrease) in taxes resulting from:      
State tax expense, net of federal benefit 4.00% 3.00% 1.70%
Affordable housing/energy/other credits (5.50%) (4.80%) (4.80%)
Tax-exempt income, including dividends (1.20%) (2.30%) (2.20%)
Share-based compensation (0.70%) (0.80%) 0.00%
Nondeductible expenses 0.90% 0.30% 0.70%
Changes in prior-period UTBs, including interest 0.40% 0.50% (1.30%)
Rate differential on non-US earnings 0.30% (0.90%) (1.20%)
Tax law changes 0.00% 7.80% 1.40%
Other (0.60%) (0.20%) (0.50%)
Total income tax expense 18.60% 37.60% 28.80%