| Schedule of Segment Reporting Information, by Segment [Table Text Block] |
The following tables present total revenue, net of interest expense, on a FTE basis and net income (loss) for 2011, 2010 and 2009, and total assets at December 31, 2011 and 2010 for each business segment, as well as All Other.
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Business Segments |
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At and for the Year Ended December 31 |
Total Corporation (1)
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Deposits |
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Card Services (2)
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(Dollars in millions) |
2011 |
2010 |
2009 |
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2011 |
2010 |
2009 |
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2011 |
2010 |
2009 |
Net interest income (FTE basis) |
$ |
45,588 |
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$ |
52,693 |
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$ |
48,410 |
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$ |
8,471 |
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$ |
8,278 |
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$ |
7,195 |
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$ |
11,507 |
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$ |
14,413 |
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$ |
16,502 |
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Noninterest income |
48,838 |
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58,697 |
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72,534 |
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4,218 |
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5,284 |
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7,041 |
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6,636 |
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7,927 |
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8,275 |
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Total revenue, net of interest expense |
94,426 |
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111,390 |
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120,944 |
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12,689 |
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13,562 |
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14,236 |
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18,143 |
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22,340 |
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24,777 |
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Provision for credit losses |
13,410 |
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28,435 |
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48,570 |
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173 |
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201 |
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341 |
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3,072 |
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10,962 |
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26,351 |
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Amortization of intangibles |
1,509 |
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1,731 |
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1,978 |
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154 |
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194 |
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237 |
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599 |
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668 |
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746 |
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Goodwill impairment |
3,184 |
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12,400 |
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— |
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— |
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— |
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— |
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— |
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10,400 |
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— |
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Other noninterest expense |
75,581 |
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68,977 |
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64,735 |
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10,479 |
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11,002 |
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9,451 |
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5,425 |
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5,289 |
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5,857 |
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Income (loss) before income taxes |
742 |
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(153 |
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5,661 |
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1,883 |
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2,165 |
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4,207 |
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9,047 |
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(4,979 |
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(8,177 |
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Income tax expense (benefit) (FTE basis) |
(704 |
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2,085 |
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(615 |
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691 |
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803 |
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1,530 |
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3,259 |
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2,001 |
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(2,965 |
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Net income (loss) |
$ |
1,446 |
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$ |
(2,238 |
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$ |
6,276 |
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$ |
1,192 |
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$ |
1,362 |
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$ |
2,677 |
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$ |
5,788 |
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$ |
(6,980 |
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$ |
(5,212 |
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Year-end total assets |
$ |
2,129,046 |
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$ |
2,264,909 |
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$ |
445,680 |
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$ |
440,954 |
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$ |
127,636 |
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$ |
138,491 |
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Consumer Real Estate Services |
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Global Commercial Banking |
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Global Banking & Markets |
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2011 |
2010 |
2009 |
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2011 |
2010 |
2009 |
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2011 |
2010 |
2009 |
Net interest income (FTE basis) |
$ |
3,207 |
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$ |
4,662 |
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$ |
4,961 |
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$ |
7,176 |
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$ |
8,007 |
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$ |
8,022 |
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$ |
7,401 |
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$ |
8,000 |
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$ |
9,557 |
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Noninterest income |
(6,361 |
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5,667 |
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11,677 |
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3,377 |
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3,219 |
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7,438 |
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16,217 |
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19,949 |
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18,624 |
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Total revenue, net of interest expense |
(3,154 |
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10,329 |
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16,638 |
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10,553 |
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11,226 |
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15,460 |
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23,618 |
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27,949 |
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28,181 |
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Provision for credit losses |
4,524 |
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8,490 |
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11,244 |
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(634 |
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1,979 |
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7,782 |
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(296 |
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(166 |
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1,998 |
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Amortization of intangibles |
11 |
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38 |
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63 |
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57 |
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72 |
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100 |
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116 |
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123 |
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129 |
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Goodwill impairment |
2,603 |
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2,000 |
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— |
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— |
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— |
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— |
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— |
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— |
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— |
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Other noninterest expense |
19,279 |
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12,848 |
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11,437 |
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4,177 |
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4,058 |
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4,120 |
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18,063 |
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17,412 |
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15,135 |
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Income (loss) before income taxes |
(29,571 |
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(13,047 |
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(6,106 |
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6,953 |
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5,117 |
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3,458 |
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5,735 |
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10,580 |
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10,919 |
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Income tax expense (benefit) (FTE basis) |
(10,042 |
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(4,100 |
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(2,217 |
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2,551 |
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1,899 |
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1,279 |
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2,768 |
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4,283 |
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3,246 |
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Net income (loss) |
$ |
(19,529 |
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$ |
(8,947 |
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$ |
(3,889 |
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$ |
4,402 |
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$ |
3,218 |
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$ |
2,179 |
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$ |
2,967 |
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$ |
6,297 |
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$ |
7,673 |
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Year-end total assets |
$ |
163,712 |
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$ |
212,412 |
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$ |
289,985 |
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$ |
312,807 |
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$ |
637,754 |
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$ |
653,737 |
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Global Wealth &
Investment Management
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All Other (2)
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2011 |
2010 |
2009 |
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2011 |
2010 |
2009 |
Net interest income (FTE basis) |
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$ |
6,046 |
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$ |
5,677 |
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$ |
5,882 |
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$ |
1,780 |
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$ |
3,656 |
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$ |
(3,709 |
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Noninterest income |
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11,330 |
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10,612 |
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9,904 |
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13,421 |
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6,039 |
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9,575 |
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Total revenue, net of interest expense |
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17,376 |
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16,289 |
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15,786 |
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15,201 |
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9,695 |
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5,866 |
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Provision for credit losses |
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398 |
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646 |
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1,060 |
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6,173 |
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6,323 |
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(206 |
) |
Amortization of intangibles |
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438 |
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458 |
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480 |
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134 |
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178 |
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223 |
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Goodwill impairment |
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— |
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— |
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— |
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581 |
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— |
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— |
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Other noninterest expense |
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13,957 |
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12,769 |
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11,641 |
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4,201 |
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5,599 |
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7,094 |
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Income (loss) before income taxes |
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2,583 |
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2,416 |
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2,605 |
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4,112 |
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(2,405 |
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(1,245 |
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Income tax expense (benefit) (FTE basis) |
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948 |
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1,076 |
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936 |
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(879 |
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(3,877 |
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(2,424 |
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Net income |
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$ |
1,635 |
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$ |
1,340 |
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$ |
1,669 |
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$ |
4,991 |
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$ |
1,472 |
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$ |
1,179 |
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Year-end total assets |
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$ |
283,844 |
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$ |
296,251 |
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$ |
180,435 |
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$ |
210,257 |
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(1) |
There were no material intersegment revenues. |
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(2) |
2011 and 2010 are presented in accordance with new consolidation guidance. 2009 Card Services results are presented on a managed basis with a corresponding offset recorded in All Other.
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| Reconciliation Of Consolidated Net Income Of Business Segments [Table Text Block] |
The following tables present a reconciliation of the six business segments’ total revenue, net of interest expense, on a FTE basis, and net income (loss) to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. The adjustments presented in the following tables include consolidated income, expense and asset amounts not specifically allocated to individual business segments.
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Business Segment Reconciliations |
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(Dollars in millions) |
2011 |
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2010 |
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2009 |
Segments’ total revenue, net of interest expense (FTE basis) |
$ |
79,225 |
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$ |
101,695 |
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$ |
115,078 |
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Adjustments: |
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ALM activities |
7,576 |
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1,899 |
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(766 |
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Equity investment income |
7,037 |
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4,549 |
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10,589 |
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Liquidating businesses |
2,708 |
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5,155 |
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6,932 |
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FTE basis adjustment |
(972 |
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(1,170 |
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(1,301 |
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Managed securitization impact to total revenue, net of interest expense |
n/a |
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n/a |
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(11,399 |
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Other |
(2,120 |
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(1,908 |
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510 |
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Consolidated revenue, net of interest expense |
$ |
93,454 |
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$ |
110,220 |
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$ |
119,643 |
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Segments’ net income (loss) |
$ |
(3,545 |
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$ |
(3,710 |
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$ |
5,097 |
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Adjustments, net of taxes: |
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ALM activities |
515 |
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(2,462 |
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(6,597 |
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Equity investment income |
4,433 |
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2,866 |
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6,671 |
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Liquidating businesses |
(103 |
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718 |
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412 |
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Merger and restructuring charges |
(402 |
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(1,146 |
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(1,714 |
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Other |
548 |
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1,496 |
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2,407 |
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Consolidated net income (loss) |
$ |
1,446 |
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$ |
(2,238 |
) |
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$ |
6,276 |
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December 31 |
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2011 |
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2010 |
Segments’ total assets |
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$ |
1,948,611 |
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$ |
2,054,652 |
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Adjustments: |
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ALM activities, including securities portfolio |
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647,569 |
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601,307 |
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Equity investments |
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6,923 |
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34,185 |
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Liquidating businesses |
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29,746 |
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43,288 |
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Elimination of segment excess asset allocations to match liabilities |
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(531,702 |
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(476,471 |
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Other |
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27,899 |
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7,948 |
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Consolidated total assets |
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$ |
2,129,046 |
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$ |
2,264,909 |
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n/a = not applicable
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| Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
The following tables present a reconciliation of the six business segments’ total revenue, net of interest expense, on a FTE basis, and net income (loss) to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. The adjustments presented in the following tables include consolidated income, expense and asset amounts not specifically allocated to individual business segments.
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Business Segment Reconciliations |
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(Dollars in millions) |
2011 |
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2010 |
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2009 |
Segments’ total revenue, net of interest expense (FTE basis) |
$ |
79,225 |
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$ |
101,695 |
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$ |
115,078 |
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Adjustments: |
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ALM activities |
7,576 |
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1,899 |
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(766 |
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Equity investment income |
7,037 |
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4,549 |
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10,589 |
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Liquidating businesses |
2,708 |
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5,155 |
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6,932 |
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FTE basis adjustment |
(972 |
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(1,170 |
) |
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(1,301 |
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Managed securitization impact to total revenue, net of interest expense |
n/a |
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n/a |
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(11,399 |
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Other |
(2,120 |
) |
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(1,908 |
) |
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510 |
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Consolidated revenue, net of interest expense |
$ |
93,454 |
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$ |
110,220 |
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$ |
119,643 |
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Segments’ net income (loss) |
$ |
(3,545 |
) |
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$ |
(3,710 |
) |
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$ |
5,097 |
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Adjustments, net of taxes: |
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ALM activities |
515 |
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(2,462 |
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(6,597 |
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Equity investment income |
4,433 |
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2,866 |
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6,671 |
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Liquidating businesses |
(103 |
) |
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718 |
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412 |
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Merger and restructuring charges |
(402 |
) |
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(1,146 |
) |
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(1,714 |
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Other |
548 |
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1,496 |
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2,407 |
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Consolidated net income (loss) |
$ |
1,446 |
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$ |
(2,238 |
) |
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$ |
6,276 |
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December 31 |
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2011 |
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2010 |
Segments’ total assets |
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$ |
1,948,611 |
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$ |
2,054,652 |
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Adjustments: |
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ALM activities, including securities portfolio |
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647,569 |
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601,307 |
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Equity investments |
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6,923 |
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34,185 |
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Liquidating businesses |
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29,746 |
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43,288 |
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Elimination of segment excess asset allocations to match liabilities |
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(531,702 |
) |
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(476,471 |
) |
Other |
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27,899 |
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|
7,948 |
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Consolidated total assets |
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$ |
2,129,046 |
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$ |
2,264,909 |
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n/a = not applicable
|