| 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.
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(Dollars in millions) |
Available-for-
Sale Debt
Securities
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Available-for-
Sale Marketable
Equity Securities
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Derivatives |
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Employee
Benefit Plans (1)
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Foreign
Currency (2)
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Total |
Balance, December 31, 2008 |
$ |
(5,956 |
) |
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$ |
3,935 |
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$ |
(3,458 |
) |
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$ |
(4,642 |
) |
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$ |
(704 |
) |
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$ |
(10,825 |
) |
Cumulative adjustment for accounting change – OTTI (3)
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(71 |
) |
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— |
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— |
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— |
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— |
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(71 |
) |
Net change in fair value recorded in accumulated OCI |
6,364 |
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2,651 |
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153 |
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318 |
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211 |
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9,697 |
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Net realized (gains) losses reclassified into earnings |
(965 |
) |
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(4,457 |
) |
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770 |
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232 |
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— |
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(4,420 |
) |
Balance, December 31, 2009 |
$ |
(628 |
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$ |
2,129 |
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$ |
(2,535 |
) |
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$ |
(4,092 |
) |
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$ |
(493 |
) |
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$ |
(5,619 |
) |
Cumulative adjustments for accounting changes: (3)
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Consolidation of certain variable interest entities |
(116 |
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— |
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— |
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— |
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— |
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(116 |
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Credit-related notes |
229 |
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— |
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— |
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— |
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— |
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229 |
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Net change in fair value recorded in accumulated OCI |
2,210 |
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5,657 |
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(1,108 |
) |
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(104 |
) |
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(44 |
) |
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6,611 |
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Net realized (gains) losses reclassified into earnings |
(981 |
) |
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(1,127 |
) |
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407 |
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249 |
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281 |
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(1,171 |
) |
Balance, December 31, 2010 |
$ |
714 |
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$ |
6,659 |
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$ |
(3,236 |
) |
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$ |
(3,947 |
) |
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$ |
(256 |
) |
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$ |
(66 |
) |
Net change in fair value recorded in accumulated OCI |
4,331 |
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(2,539 |
) |
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(1,567 |
) |
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(714 |
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(34 |
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(523 |
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Net realized (gains) losses reclassified into earnings |
(1,945 |
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(4,117 |
) |
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1,018 |
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270 |
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(74 |
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(4,848 |
) |
Balance, December 31, 2011 |
$ |
3,100 |
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$ |
3 |
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$ |
(3,785 |
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$ |
(4,391 |
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$ |
(364 |
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$ |
(5,437 |
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(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.
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(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. |
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(3) |
For additional information on the adoption of new accounting guidance, see Note 1 – Summary of Significant Accounting Principles and Note 5 – Securities.
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