Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Changes in Shareholders' Equity

v3.20.4
Consolidated Statement of Changes in Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Preferred Stock
Common Stock and Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2017 $ 267,146 $ 22,323 $ 138,089 $ 113,816 $ (7,082)     $ 57
Beginning balance (Accounting Standards Update 2017-12) at Dec. 31, 2017           $ 25 $ (32) $ 57
Beginning Balance (in shares) at Dec. 31, 2017     10,287.3          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Adoption of accounting standard related to certain tax effects stranded in accumulated other comprehensive income (loss) $ 0     1,270 (1,270)      
Accounting standards update us-gaap:AccountingStandardsUpdate201602Member              
Net income $ 28,147     28,147        
Net change in debt securities (3,953)       (3,953)      
Net change in debit valuation adjustments 749       749      
Net change in derivatives (53)       (53)      
Employee benefit plan adjustments (405)       (405)      
Net change in foreign currency translation adjustments (254)       (254)      
Dividends declared:                
Common (5,424)     (5,424)        
Preferred (1,451)     (1,451)        
Issuance of preferred stock 4,515 4,515            
Redemption of preferred stock (4,512) (4,512)            
Common stock issued under employee plans, net, and other 889   $ 901 (12)        
Common stock issued under employee plans, net, and other (in shares)     58.2          
Common stock repurchased (20,094)   $ (20,094)          
Common stock repurchased (in shares)     (676.2)          
Ending balance at Dec. 31, 2018 $ 265,325 22,326 $ 118,896 136,314 (12,211) 165 165  
Ending Balance (in shares) at Dec. 31, 2018     9,669.3          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Accounting standards update us-gaap:AccountingStandardsUpdate201613Member              
Net income $ 27,430     27,430        
Net change in debt securities 5,875       5,875      
Net change in debit valuation adjustments (963)       (963)      
Net change in derivatives 616       616      
Employee benefit plan adjustments 136       136      
Net change in foreign currency translation adjustments (86)       (86)      
Dividends declared:                
Common (6,146)     (6,146)        
Preferred (1,432)     (1,432)        
Issuance of preferred stock 3,643 3,643            
Redemption of preferred stock (2,568) (2,568)            
Common stock issued under employee plans, net, and other 959   $ 971 (12)        
Common stock issued under employee plans, net, and other (in shares)     123.3          
Common stock repurchased (28,144)   $ (28,144)          
Common stock repurchased (in shares)     (956.5)          
Ending balance at Dec. 31, 2019 264,810 23,401 $ 91,723 156,319 (6,633) $ (2,406) $ (2,406)  
Ending Balance (in shares) at Dec. 31, 2019     8,836.1          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 17,894     17,894        
Net change in debt securities 4,799       4,799      
Net change in debit valuation adjustments (498)       (498)      
Net change in derivatives 826       826      
Employee benefit plan adjustments (98)       (98)      
Net change in foreign currency translation adjustments (52)       (52)      
Dividends declared:                
Common (6,289)     (6,289)        
Preferred (1,421)     (1,421)        
Issuance of preferred stock 2,181 2,181            
Redemption of preferred stock (1,072) (1,072)            
Common stock issued under employee plans, net, and other 1,275   $ 1,284 (9)        
Common stock issued under employee plans, net, and other (in shares)     41.7          
Common stock repurchased (7,025)   $ (7,025)          
Common stock repurchased (in shares)     (227.0)          
Ending balance at Dec. 31, 2020 $ 272,924 $ 24,510 $ 85,982 $ 164,088 $ (1,656)      
Ending Balance (in shares) at Dec. 31, 2020     8,650.8