| Preferred Stock Outstanding |
| Preferred Stock Outstanding. | | | | | | | | | | | | | | | | | | Shares | | | | Carrying Value | | | | Outstanding | | Liquidation | | At | | At | | | | At March 31, | | Preference | | March 31, | | December 31, | | Series | | 2016 | | per Share | | 2016 | | 2015 | | | | (shares in millions) | | | | (dollars in millions) | | A | | 44,000 | $ | 25,000 | $ | 1,100 | $ | 1,100 | | C(1) | | 519,882 | | 1,000 | | 408 | | 408 | | E | | 34,500 | | 25,000 | | 862 | | 862 | | F | | 34,000 | | 25,000 | | 850 | | 850 | | G | | 20,000 | | 25,000 | | 500 | | 500 | | H | | 52,000 | | 25,000 | | 1,300 | | 1,300 | | I | | 40,000 | | 25,000 | | 1,000 | | 1,000 | | J | | 60,000 | | 25,000 | | 1,500 | | 1,500 | | Total | | | | | $ | 7,520 | $ | 7,520 |
____________ (1) Series C is comprised of the issuance of 1,160,791 shares of Series C Preferred Stock to MUFG for an aggregate purchase price of $911 million, less the redemption of 640,909 shares of Series C Preferred Stock of $503 million, which were converted to common shares of approximately $705 million. |
| Changes in Accumulated Other Comprehensive Income (Loss) by Component |
| Changes in AOCI by Component, Net of Tax and Noncontrolling Interests. | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments | | Change in Net Unrealized Gains (Losses) on AFS Securities | | Pensions, Postretirement and Other | | Debt Valuation Adjustment | | Total | | | (dollars in millions) | | Balance at December 31, 2015 | $ | (963) | $ | (319) | $ | (374) | $ | — | $ | (1,656) | | Cumulative adjustment for accounting | | | | | | | | | | | | | | change related to DVA(1) | | — | | — | | — | | (312) | | (312) | | Change in OCI before reclassifications | | 132 | | 402 | | 2 | | 228 | | 764 | | Amounts reclassified from AOCI(2) | | — | | (7) | | (1) | | (26) | | (34) | | Net OCI during the period | | 132 | | 395 | | 1 | | 202 | | 730 | | Balance at March 31, 2016 | $ | (831) | $ | 76 | $ | (373) | $ | (110) | $ | (1,238) |
| Balance at December 31, 2014 | $ | (663) | $ | (73) | $ | (512) | $ | — | $ | (1,248) | | Change in OCI before reclassifications | | (220) | | 215 | | — | | — | | (5) | | Amounts reclassified from AOCI | | — | | (15) | | 2 | | — | | (13) | | Net OCI during the period | | (220) | | 200 | | 2 | | — | | (18) | | Balance at March 31, 2015 | $ | (883) | $ | 127 | $ | (510) | $ | — | $ | (1,266) |
___________ - In accordance with the early adoption of a provision of the accounting update Recognition and Measurement of Financial Assets and Financial Liabilities, a cumulative catch up adjustment was recorded as of January 1, 2016 to move the cumulative DVA amount, net of noncontrolling interest and tax, related to outstanding liabilities under the fair value option election from Retained earnings into AOCI. See Note 2 for further information.
- Amounts reclassified from AOCI in the quarter ended March 31, 2016 are principally due to the realization of DVA upon early retirement of the associated instruments and are recognized within Trading revenues in the condensed consolidated statements of income. The associated tax impact in Provision for (benefit from) income taxes was $(15) million. See Note 2 for further information.
|