Annual report pursuant to Section 13 and 15(d)

Income Taxes - Reconciliation of Income Tax Expense (Details)

v3.6.0.2
Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Amount      
Expected U.S. federal income tax expense $ 8,804 $ 7,725 $ 2,787
State tax expense, net of federal benefit 420 438 322
Affordable housing/energy/other credits (1,203) (1,087) (950)
Tax-exempt income, including dividends (562) (539) (533)
Changes in prior-period UTBs, including interest (328) (52) (754)
Non-U.S. tax rate differential (307) (559) (507)
Non-U.S. tax law changes 348 289  
Nondeductible expenses 180 40 1,982
Other (105) (21) 96
Total income tax expense $ 7,247 $ 6,234 $ 2,443
Percent      
Expected U.S. federal income tax expense 35.00% 35.00% 35.00%
State tax expense, net of federal benefit 1.70% 1.90% 4.00%
Affordable housing/energy/other credits (4.80%) (4.90%) (11.90%)
Changes in prior-period UTBs, including interest (2.30%) (2.40%) (6.60%)
Changes in prior-period UTBs, including interest (1.30%) (0.20%) (9.50%)
Non-U.S. tax rate differential (1.20%) (2.50%) (6.40%)
Non-U.S. tax law changes 1.40% 1.30% (0.00%)
Nondeductible expenses 0.70% 0.10% 24.90%
Other (0.40%) (0.10%) 1.20%
Total income tax expense 28.80% 28.20% 30.70%