2018 Form 8-K Financial Statement

#000009375119000390 Filed on May 02, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017
Revenue $12.13B $11.27B
YoY Change 7.68% 9.47%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $1.324B $1.167B
YoY Change 13.45% 5.61%
% of Gross Profit
Depreciation & Amortization $599.0M $289.0M $526.0M
YoY Change 13.88% 11.58% 11.44%
% of Gross Profit
Operating Expenses $1.324B $1.167B
YoY Change 13.45% 5.61%
Operating Profit
YoY Change
Interest Expense $991.0M $604.0M
YoY Change 64.07% 41.12%
% of Operating Profit
Other Income/Expense, Net $1.176B $929.0M
YoY Change 26.59% -3.53%
Pretax Income $3.101B $813.0M $2.995B
YoY Change 3.54% 135.65% 35.89%
Income Tax $508.0M $207.0M $839.0M
% Of Pretax Income 16.38% 25.46% 28.01%
Net Earnings $2.593B $349.0M $2.156B
YoY Change 20.27% -41.15% 0.84%
Net Earnings / Revenue 21.37% 19.14%
Basic Earnings Per Share $6.46 $5.26
Diluted Earnings Per Share $6.39 $929.4K $5.19
COMMON SHARES
Basic Shares Outstanding 372.0M shares 370.8M shares 374.8M shares
Diluted Shares Outstanding 376.5M shares 380.2M shares

Balance Sheet

Concept 2018 2017 Q4 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.004B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.214B $2.186B $2.186B
YoY Change 1.28% 6.01% 6.01%
Goodwill $6.022B
YoY Change 3.58%
Intangibles
YoY Change
Long-Term Investments $2.882B $2.226B $2.259B
YoY Change 27.58% -5.8% -4.4%
Other Assets $113.0M $113.0M $113.0M
YoY Change 0.0% -46.19% -46.19%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $244.6B $238.4B $238.4B
YoY Change 2.59% -1.77% -1.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $18.99B $9.724B $9.724B
YoY Change 95.28% -10.78% -10.78%
Deferred Revenue
YoY Change
Short-Term Debt $4.174B $3.986B $3.986B
YoY Change 4.72% -33.4% -33.4%
Long-Term Debt Due $53.00M
YoY Change -7.02%
Total Short-Term Liabilities $18.99B $9.724B $9.777B
YoY Change 94.22% -10.78% -10.76%
LONG-TERM LIABILITIES
Long-Term Debt $11.09B $11.62B $11.57B
YoY Change -4.1% 1.66% 1.71%
Other Long-Term Liabilities $5.243B $5.882B $5.882B
YoY Change -10.86% -2.0% -2.0%
Total Long-Term Liabilities $16.34B $17.50B $17.45B
YoY Change -6.38% 0.4% 0.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.99B $9.724B $9.777B
Total Long-Term Liabilities $16.34B $17.50B $17.45B
Total Liabilities $219.9B $216.1B $216.1B
YoY Change 1.74% -2.42% -2.43%
SHAREHOLDERS EQUITY
Retained Earnings $18.81B
YoY Change 7.73%
Common Stock $504.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.029B
YoY Change 17.53%
Treasury Stock Shares 136.2M shares
Shareholders Equity $24.74B $22.27B $22.32B
YoY Change
Total Liabilities & Shareholders Equity $244.6B $238.4B $238.4B
YoY Change 2.59% -1.77% -1.76%

Cashflow Statement

Concept 2018 2017 Q4 2017
OPERATING ACTIVITIES
Net Income $2.593B $349.0M $2.156B
YoY Change 20.27% -41.15% 0.84%
Depreciation, Depletion And Amortization $599.0M $289.0M $526.0M
YoY Change 13.88% 11.58% 11.44%
Cash From Operating Activities $10.18B $5.083B $6.940B
YoY Change 46.61% 36207.14% 203.06%
INVESTING ACTIVITIES
Capital Expenditures $609.0M -$152.0M $637.0M
YoY Change -4.4% 11.76% 3.92%
Acquisitions $2.595B $0.00
YoY Change -100.0%
Other Investing Activities -$76.00M -$10.68B -$102.0M
YoY Change -25.49% -207.67% -40.0%
Cash From Investing Activities -$4.496B -$10.83B $48.00M
YoY Change -9466.67% -210.72% -98.87%
FINANCING ACTIVITIES
Cash Dividend Paid $828.0M $768.0M
YoY Change 7.81% 6.22%
Common Stock Issuance & Retirement, Net -$800.0M $1.292B
YoY Change -161.92% -5.35%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$4.471B 3.923B -$6.188B
YoY Change -27.75% -132.77% -3.51%
NET CHANGE
Cash From Operating Activities $10.18B 5.083B $6.940B
Cash From Investing Activities -$4.496B -10.83B $48.00M
Cash From Financing Activities -$4.471B 3.923B -$6.188B
Net Change In Cash $1.208B -1.825B $800.0M
YoY Change 51.0% -16.13% 647.66%
FREE CASH FLOW
Cash From Operating Activities $10.18B $5.083B $6.940B
Capital Expenditures $609.0M -$152.0M $637.0M
Free Cash Flow $9.566B $5.235B $6.303B
YoY Change 51.77% 3390.0% 275.85%

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CY2017 stt Other Comprehensive Income Loss Change In Net Unrealized Gain Loss On Afs Securities Net Of Reclass And Expected Loss From Otti Related Taxes
OtherComprehensiveIncomeLossChangeInNetUnrealizedGainLossOnAfsSecuritiesNetOfReclassAndExpectedLossFromOttiRelatedTaxes
272000000 USD
CY2018 stt Other Comprehensive Income Loss Change In Net Unrealized Gain Loss On Afs Securities Net Of Reclass And Expected Loss From Otti Related Taxes
OtherComprehensiveIncomeLossChangeInNetUnrealizedGainLossOnAfsSecuritiesNetOfReclassAndExpectedLossFromOttiRelatedTaxes
-134000000 USD
CY2016 stt Other Comprehensive Income Loss Change In Unrealized Gain Loss On Afs Securities Designated As Fair Value Hedges Related Taxes
OtherComprehensiveIncomeLossChangeInUnrealizedGainLossOnAfsSecuritiesDesignatedAsFairValueHedgesRelatedTaxes
16000000 USD
CY2017 stt Other Comprehensive Income Loss Change In Unrealized Gain Loss On Afs Securities Designated As Fair Value Hedges Related Taxes
OtherComprehensiveIncomeLossChangeInUnrealizedGainLossOnAfsSecuritiesDesignatedAsFairValueHedgesRelatedTaxes
16000000 USD
CY2018 stt Other Comprehensive Income Loss Change In Unrealized Gain Loss On Afs Securities Designated As Fair Value Hedges Related Taxes
OtherComprehensiveIncomeLossChangeInUnrealizedGainLossOnAfsSecuritiesDesignatedAsFairValueHedgesRelatedTaxes
9000000 USD
CY2016 stt Other Comprehensive Income Loss Expected Losses From Otti On Htm Securities Not From Credit Net Of Taxes
OtherComprehensiveIncomeLossExpectedLossesFromOttiOnHtmSecuritiesNotFromCreditNetOfTaxes
7000000 USD
CY2017 stt Other Comprehensive Income Loss Expected Losses From Otti On Htm Securities Not From Credit Net Of Taxes
OtherComprehensiveIncomeLossExpectedLossesFromOttiOnHtmSecuritiesNotFromCreditNetOfTaxes
3000000 USD
CY2018 stt Other Comprehensive Income Loss Expected Losses From Otti On Htm Securities Not From Credit Net Of Taxes
OtherComprehensiveIncomeLossExpectedLossesFromOttiOnHtmSecuritiesNotFromCreditNetOfTaxes
4000000 USD
CY2016 stt Other Comprehensive Income Loss Expected Losses From Otti On Htm Securities Not From Credit Related Taxes
OtherComprehensiveIncomeLossExpectedLossesFromOttiOnHtmSecuritiesNotFromCreditRelatedTaxes
5000000 USD
CY2017 stt Other Comprehensive Income Loss Expected Losses From Otti On Htm Securities Not From Credit Related Taxes
OtherComprehensiveIncomeLossExpectedLossesFromOttiOnHtmSecuritiesNotFromCreditRelatedTaxes
3000000 USD
CY2018 stt Other Comprehensive Income Loss Expected Losses From Otti On Htm Securities Not From Credit Related Taxes
OtherComprehensiveIncomeLossExpectedLossesFromOttiOnHtmSecuritiesNotFromCreditRelatedTaxes
2000000 USD
CY2016 stt Other Comprehensive Income Loss Minimum Pension Liability Net Adjustment Tax
OtherComprehensiveIncomeLossMinimumPensionLiabilityNetAdjustmentTax
1000000 USD
CY2017 stt Other Comprehensive Income Loss Minimum Pension Liability Net Adjustment Tax
OtherComprehensiveIncomeLossMinimumPensionLiabilityNetAdjustmentTax
8000000 USD
CY2018 stt Other Comprehensive Income Loss Minimum Pension Liability Net Adjustment Tax
OtherComprehensiveIncomeLossMinimumPensionLiabilityNetAdjustmentTax
8000000 USD
CY2016 stt Other Comprehensive Income Loss Securities Available For Sale Designated In Fair Value Hedges Unrealized Holding Gain Loss Arising During Period After Tax
OtherComprehensiveIncomeLossSecuritiesAvailableForSaleDesignatedInFairValueHedgesUnrealizedHoldingGainLossArisingDuringPeriodAfterTax
23000000 USD
CY2017 stt Other Comprehensive Income Loss Securities Available For Sale Designated In Fair Value Hedges Unrealized Holding Gain Loss Arising During Period After Tax
OtherComprehensiveIncomeLossSecuritiesAvailableForSaleDesignatedInFairValueHedgesUnrealizedHoldingGainLossArisingDuringPeriodAfterTax
22000000 USD
CY2018 stt Other Comprehensive Income Loss Securities Available For Sale Designated In Fair Value Hedges Unrealized Holding Gain Loss Arising During Period After Tax
OtherComprehensiveIncomeLossSecuritiesAvailableForSaleDesignatedInFairValueHedgesUnrealizedHoldingGainLossArisingDuringPeriodAfterTax
24000000 USD
CY2016 stt Other Interest Earning Liabilities
OtherInterestEarningLiabilities
75000000 USD
CY2017 stt Other Interest Earning Liabilities
OtherInterestEarningLiabilities
121000000 USD
CY2018 stt Other Interest Earning Liabilities
OtherInterestEarningLiabilities
209000000 USD
CY2016 stt Pre Tax Margin
PreTaxMargin
0.21
CY2017 stt Pre Tax Margin
PreTaxMargin
0.27
CY2018 stt Pre Tax Margin
PreTaxMargin
0.26
CY2017Q4 stt Receivable For Security Settlement
ReceivableForSecuritySettlement
188000000 USD
CY2018Q4 stt Receivable For Security Settlement
ReceivableForSecuritySettlement
531000000 USD
CY2016 stt Regulatory Feesand Assessments
RegulatoryFeesandAssessments
82000000 USD
CY2017 stt Regulatory Feesand Assessments
RegulatoryFeesandAssessments
106000000 USD
CY2018 stt Regulatory Feesand Assessments
RegulatoryFeesandAssessments
87000000 USD
CY2017Q4 stt Repurchase Agreements And Securities Lending Fair Value Amount Not Offset Against Collateral
RepurchaseAgreementsAndSecuritiesLendingFairValueAmountNotOffsetAgainstCollateral
6693000000 USD
CY2018Q4 stt Repurchase Agreements And Securities Lending Fair Value Amount Not Offset Against Collateral
RepurchaseAgreementsAndSecuritiesLendingFairValueAmountNotOffsetAgainstCollateral
12605000000 USD
CY2017Q4 stt Repurchase Agreements And Securities Loaned Amount Offset Against Collateral
RepurchaseAgreementsAndSecuritiesLoanedAmountOffsetAgainstCollateral
2394000000 USD
CY2018Q4 stt Repurchase Agreements And Securities Loaned Amount Offset Against Collateral
RepurchaseAgreementsAndSecuritiesLoanedAmountOffsetAgainstCollateral
1062000000 USD
CY2017Q4 stt Repurchase Agreements And Securities Loaned Collateral Right To Reclaim Cash
RepurchaseAgreementsAndSecuritiesLoanedCollateralRightToReclaimCash
4299000000 USD
CY2018Q4 stt Repurchase Agreements And Securities Loaned Collateral Right To Reclaim Cash
RepurchaseAgreementsAndSecuritiesLoanedCollateralRightToReclaimCash
11543000000 USD
CY2016 stt Repurchases Of Common Stock For Employee Tax Withholding
RepurchasesOfCommonStockForEmployeeTaxWithholding
122000000 USD
CY2017 stt Repurchases Of Common Stock For Employee Tax Withholding
RepurchasesOfCommonStockForEmployeeTaxWithholding
126000000 USD
CY2018 stt Repurchases Of Common Stock For Employee Tax Withholding
RepurchasesOfCommonStockForEmployeeTaxWithholding
124000000 USD
CY2017Q4 stt Reverse Repurchase Agreements And Securities Borrowed Amount Offset Against Collateral
ReverseRepurchaseAgreementsAndSecuritiesBorrowedAmountOffsetAgainstCollateral
0 USD
CY2018Q4 stt Reverse Repurchase Agreements And Securities Borrowed Amount Offset Against Collateral
ReverseRepurchaseAgreementsAndSecuritiesBorrowedAmountOffsetAgainstCollateral
1382000000 USD
CY2017Q4 stt Reverse Repurchase Agreements And Securities Borrowed Asset
ReverseRepurchaseAgreementsAndSecuritiesBorrowedAsset
47434000000 USD
CY2018Q4 stt Reverse Repurchase Agreements And Securities Borrowed Asset
ReverseRepurchaseAgreementsAndSecuritiesBorrowedAsset
91889000000 USD
CY2017Q4 stt Reverse Repurchase Agreements And Securities Borrowed Collateral Obligation To Return Cash
ReverseRepurchaseAgreementsAndSecuritiesBorrowedCollateralObligationToReturnCash
22645000000 USD
CY2018Q4 stt Reverse Repurchase Agreements And Securities Borrowed Collateral Obligation To Return Cash
ReverseRepurchaseAgreementsAndSecuritiesBorrowedCollateralObligationToReturnCash
22872000000 USD
CY2017Q4 stt Reverse Repurchase Agreements And Securities Borrowed Fair Value Amount Not Offset Against Collateral
ReverseRepurchaseAgreementsAndSecuritiesBorrowedFairValueAmountNotOffsetAgainstCollateral
22600000000 USD
CY2017Q4 stt Reverse Repurchase Agreements And Securities Borrowed Fair Value Amount Not Offset Against Collateral
ReverseRepurchaseAgreementsAndSecuritiesBorrowedFairValueAmountNotOffsetAgainstCollateral
22645000000 USD
CY2018Q4 stt Reverse Repurchase Agreements And Securities Borrowed Fair Value Amount Not Offset Against Collateral
ReverseRepurchaseAgreementsAndSecuritiesBorrowedFairValueAmountNotOffsetAgainstCollateral
24254000000 USD
CY2018Q4 stt Reverse Repurchase Agreements And Securities Borrowed Fair Value Amount Not Offset Against Collateral
ReverseRepurchaseAgreementsAndSecuritiesBorrowedFairValueAmountNotOffsetAgainstCollateral
24300000000 USD
CY2017Q4 stt Reverse Repurchase Agreements And Securities Borrowed Liability
ReverseRepurchaseAgreementsAndSecuritiesBorrowedLiability
47434000000 USD
CY2018Q4 stt Reverse Repurchase Agreements And Securities Borrowed Liability
ReverseRepurchaseAgreementsAndSecuritiesBorrowedLiability
91889000000 USD
CY2017Q4 stt Reverse Repurchase Agreements And Securities Borrowing Fair Value Gross Asset
ReverseRepurchaseAgreementsAndSecuritiesBorrowingFairValueGrossAsset
70079000000 USD
CY2018Q4 stt Reverse Repurchase Agreements And Securities Borrowing Fair Value Gross Asset
ReverseRepurchaseAgreementsAndSecuritiesBorrowingFairValueGrossAsset
116143000000 USD
CY2017Q4 stt Reverse Repurchase Agreements And Securities Borrowing Fair Value Gross Liability
ReverseRepurchaseAgreementsAndSecuritiesBorrowingFairValueGrossLiability
54127000000 USD
CY2018Q4 stt Reverse Repurchase Agreements And Securities Borrowing Fair Value Gross Liability
ReverseRepurchaseAgreementsAndSecuritiesBorrowingFairValueGrossLiability
104494000000 USD
CY2017Q4 stt Securities Borrowed Subject To Master Netting Arrangements
SecuritiesBorrowedSubjectToMasterNettingArrangements
19404000000 USD
CY2018Q4 stt Securities Borrowed Subject To Master Netting Arrangements
SecuritiesBorrowedSubjectToMasterNettingArrangements
19575000000 USD
CY2017Q4 stt Securities Lending Fair Value Amount Not Offset Against Collateral
SecuritiesLendingFairValueAmountNotOffsetAgainstCollateral
3900000000 USD
CY2018Q4 stt Sharebased Compensation Arrangementby Sharebased Payment Award Numberof Shares Not Delivered Availablefor Reissue
SharebasedCompensationArrangementbySharebasedPaymentAwardNumberofSharesNotDeliveredAvailableforReissue
1000000 shares
CY2017Q4 stt Stand By Letters Of Credit
StandByLettersOfCredit
3158000000 USD
CY2018Q4 stt Stand By Letters Of Credit
StandByLettersOfCredit
2985000000 USD
CY2016 stt Stock Options And Stock Awards
StockOptionsAndStockAwards
4605000 shares
CY2017 stt Stock Options And Stock Awards
StockOptionsAndStockAwards
5420000 shares
CY2018 stt Stock Options And Stock Awards
StockOptionsAndStockAwards
4493000 shares
CY2017 stt Tax Cutsand Jobs Actof2017 Changein Tax Rate Deferred Tax Asset Income Tax Expense Benefit
TaxCutsandJobsActof2017ChangeinTaxRateDeferredTaxAssetIncomeTaxExpenseBenefit
197000000 USD
CY2017 stt Tax Cutsand Jobs Actof2017 Incomplete Accounting Transition Taxfor Accumulated Foreign Earnings Provisional Income Tax Expense Benefit
TaxCutsandJobsActof2017IncompleteAccountingTransitionTaxforAccumulatedForeignEarningsProvisionalIncomeTaxExpenseBenefit
454000000 USD
CY2018 stt Tax Cutsand Jobs Actof2017 Incomplete Accounting Transition Taxfor Accumulated Foreign Earnings Provisional Income Tax Expense Benefit
TaxCutsandJobsActof2017IncompleteAccountingTransitionTaxforAccumulatedForeignEarningsProvisionalIncomeTaxExpenseBenefit
32000000 USD
CY2017Q4 stt Tier One Common Risk Based Capital Requiredfor Capital Adequacyto Risk Weighted Assets
TierOneCommonRiskBasedCapitalRequiredforCapitalAdequacytoRiskWeightedAssets
0.065
CY2018Q4 stt Tier One Common Risk Based Capital Requiredfor Capital Adequacyto Risk Weighted Assets
TierOneCommonRiskBasedCapitalRequiredforCapitalAdequacytoRiskWeightedAssets
0.075
CY2017Q4 stt Time Deposits Overdrafts
TimeDepositsOverdrafts
3240000000 USD
CY2018Q4 stt Time Deposits Overdrafts
TimeDepositsOverdrafts
5440000000 USD
CY2016 stt Total Average Assets
TotalAverageAssets
229700000000 USD
CY2017 stt Total Average Assets
TotalAverageAssets
219400000000 USD
CY2018 stt Total Average Assets
TotalAverageAssets
223400000000 USD
CY2018Q4 stt Total Standby Bond Purchase Agreement Committed To Trusts
TotalStandbyBondPurchaseAgreementCommittedToTrusts
946000000 USD
CY2018 stt Unfunded Commitments To Extend Credit Short Term
UnfundedCommitmentsToExtendCreditShortTerm
0.73
CY2018 stt Unfunded Commitmentto Extend Credit Term
UnfundedCommitmenttoExtendCreditTerm
P1Y
CY2017Q4 stt Unrealized Gains On Derivative Instruments
UnrealizedGainsOnDerivativeInstruments
4013000000 USD
CY2018Q4 stt Unrealized Gains On Derivative Instruments
UnrealizedGainsOnDerivativeInstruments
5189000000 USD
CY2017Q4 stt Variable Interest Entity Fair Value Of Collateralized Assets
VariableInterestEntityFairValueOfCollateralizedAssets
1250000000 USD
CY2018Q4 stt Variable Interest Entity Fair Value Of Collateralized Assets
VariableInterestEntityFairValueOfCollateralizedAssets
1050000000 USD
CY2017 stt Weighted Average Life Of Trusts
WeightedAverageLifeOfTrusts
P4Y7M6D
CY2018 stt Weighted Average Life Of Trusts
WeightedAverageLifeOfTrusts
P3Y7M6D
CY2017Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
348000000 USD
CY2018Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
343000000 USD
CY2017Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
3099000000 USD
CY2018Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
3203000000 USD
CY2017Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
15620000000 USD
CY2018Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
24232000000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3881000000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4152000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-225000000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
148000000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-193000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
194000000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
170000000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
143000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-1875000000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-815000000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-963000000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2040000000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1009000000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
9799000000 USD
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
10061000000 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
13000000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
268000000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
243000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
262000000 USD
CY2016 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
3000000 USD
CY2017 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
1000000 USD
CY2018 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
2000000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
207000000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
214000000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
226000000 USD
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2143000 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
188000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1011000 shares
CY2016Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
229000000 USD
CY2017Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-56000000 USD
CY2018Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-89000000 USD
CY2017Q4 us-gaap Assets
Assets
238392000000 USD
CY2018Q4 us-gaap Assets
Assets
244596000000 USD
CY2017Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
437000000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
107000000 USD
CY2017Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
268000000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
318000000 USD
CY2017Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
56952000000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
45359000000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
7778000000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
16923000000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
14703000000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
5744000000 USD
CY2017Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2017Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
3242000000 USD
CY2018Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
3323000000 USD
CY2017Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
159000000 USD
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
102000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
151000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
34000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
24000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
31000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
31000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
31000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
31000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
120000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Sublease Rentals
CapitalLeasesFutureMinimumSubleaseRentals
46000000 USD
CY2017Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Accumulated Amortization
CapitalLeasesNetInvestmentInDirectFinancingLeasesAccumulatedAmortization
401000000 USD
CY2018Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Accumulated Amortization
CapitalLeasesNetInvestmentInDirectFinancingLeasesAccumulatedAmortization
352000000 USD
CY2017Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.10
CY2018Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1490000000 USD
CY2015Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
1207000000 USD
CY2016Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
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CY2017Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
2107000000 USD
CY2018Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
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CY2017Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
19400000000 USD
CY2017Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
19400000000 USD
CY2018Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
19600000000 USD
CY2018Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
19580000000 USD
CY2016 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
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160000000 USD
CY2017 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
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645000000 USD
CY2018 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
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CY2016 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
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CY2017 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
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CY2018 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
419000000 USD
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.44
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.6
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.60
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.78
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
503879642 shares
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
503879642 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
367649858 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
379946724 shares
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
504000000 USD
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
504000000 USD
CY2016 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
1105000000 USD
CY2017 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
1167000000 USD
CY2018 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
1324000000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1540000000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3187000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2246000000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
69000000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
343000000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
122000000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
320000000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
380000000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
374000000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
423000000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2018 us-gaap Current Income Tax Expense Benefit
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245000000 USD
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232000000 USD
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233000000 USD
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72000000 USD
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4430000000 USD
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1750000000 USD
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200000000 USD
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186000000 USD
CY2018Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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175000000 USD
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389000000 USD
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239000000 USD
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583000000 USD
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389000000 USD
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738000000 USD
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150000000 USD
CY2018Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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155000000 USD
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9461000000 USD
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CY2018Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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23757000000 USD
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23378000000 USD
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3000000 USD
CY2017 us-gaap Impairment Of Investments
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CY2018 us-gaap Impairment Of Investments
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2995000000 USD
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3101000000 USD
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IncomeTaxExaminationInterestAccrued
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IncomeTaxExaminationInterestExpense
3000000 USD
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IncomeTaxExaminationInterestExpense
1000000 USD
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2018 us-gaap Income Tax Expense Benefit
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345000000 USD
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13040000000 USD
CY2018 us-gaap Increase Decrease In Other Deposits
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1341000000 USD
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33000000 USD
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394000000 USD
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298000000 USD
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455000000 USD
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175000000 USD
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69000000 USD
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363000000 USD
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22000000 USD
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20000000 USD
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260000000 USD
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308000000 USD
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389000000 USD
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10000000 USD
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17000000 USD
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126000000 USD
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180000000 USD
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146000000 USD
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335000000 USD
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224000000 USD
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226000000 USD
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821000000 USD
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4780000000 USD
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52000000 USD
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67000000 USD
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4230000000 USD
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479000000 USD
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CY2018Q4 us-gaap Line Of Credit
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1056000000 USD
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2290000000 USD
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1972000000 USD
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2404000000 USD
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440000000 USD
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24000000 USD
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26000000 USD
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26000000 USD
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900000000 USD
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109000000 USD
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CY2018 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
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81000000 USD
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0 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Reclassification Before Tax
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Reclassification Before Tax
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0 USD
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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1031000000 USD
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11000000 USD
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367000000 USD
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245000000 USD
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233000000 USD
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443000000 USD
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2000000 USD
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0 USD
CY2018 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
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3000000 USD
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105000000 USD
CY2016Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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79000000 USD
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77000000 USD
CY2018Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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78000000 USD
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28000000 USD
CY2017 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
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2000000 USD
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2000000 USD
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3000000 USD
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1000000 USD
CY2017 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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0 USD
CY2018 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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0 USD
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1365000000 USD
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1292000000 USD
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350000000 USD
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107000000 USD
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100000000 USD
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153000000 USD
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768000000 USD
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437000000 USD
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637000000 USD
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39000000000 USD
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3500000 shares
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3500000 shares
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172000000 USD
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0 USD
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CY2018 us-gaap Proceeds From Issuance Of Common Stock
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1150000000 USD
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493000000 USD
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4028000000 USD
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12439000000 USD
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10000000 USD
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2000000 USD
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15000000 USD
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23600000 shares
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0.0025
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1150000000 USD
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2000000 USD
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0.08
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39730000000 USD
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46400000000 USD
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1450000000 USD
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350000000 USD
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3800000000 USD
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71000000 USD
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94000000 USD
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108000000 USD
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13000000 USD
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14000000 USD
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40000000 USD
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7000000 USD
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26000000 USD
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12000000 USD
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14000000 USD
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11000000 USD
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44000000 USD
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0 USD
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0 USD
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2000000 USD
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63000000 USD
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87000000 USD
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100000000 USD
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26488000000 USD
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28951000000 USD
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1080000000 USD
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930000000 USD
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WeightedAverageNumberOfDilutedSharesOutstanding
396090000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
380213000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
376476000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
391485000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
374793000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
371983000 shares
CY2018 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:normal;font-weight:bold;text-decoration:none;">&#160;</font><font style="font-family:Arial;font-size:10pt;font-style:normal;font-weight:bold;text-decoration:none;">Contingencies</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#000000;font-style:italic;font-weight:bold;text-decoration:none;">Legal and Regulatory Matters</font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In the ordinary course of business, we and our subsidiaries are involved in disputes, litigation, and governmental or regulatory inquiries and investigations, both pending and threatened. These matters, if resolved adversely against us or settled, may result in monetary awards or payments, fines and penalties or require changes in our business practices. The resolution or settlement of these matters is inherently difficult to predict. Based on our assessment of these pending matters, we do not believe that the amount of any judgment, settlement or other action arising from any pending matter is likely to have a material adverse effect on our consolidated financial condition. However, an adverse outcome or development in certain of the matters described below could have a material adverse effect on our consolidated results of operations for the period in which such matter is resolved, or an accrual is determined to be required, on our consolidated financial condition, or on our reputation. </font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We evaluate our needs for accruals of loss contingencies related to legal and regulatory proceedings on a case-by-case basis. When we have a liability that we deem probable, and we deem the amount of such liability can be reasonably estimated as of the date of our consolidated financial statements, we accrue our estimate of the amount of loss. We also consider a loss probable and establish an accrual when we make, or intend to make, an offer of settlement. Once established, an accrual is subject to subsequent adjustment as a result of additional information. The resolution of legal and regulatory proceedings and the amount of reasonably estimable loss (or range thereof) are inherently difficult to predict, especially in the early stages of proceedings. Even if a loss is probable, an amount (or range) of loss might not be reasonably estimated until the later stages of the proceeding due to many factors such as the presence of complex or novel legal theories, the discretion of governmental authorities in seeking sanctions or negotiating resolutions in civil and criminal matters, the pace and timing of discovery and other assessments of facts and the procedural posture of the matter (collectively, "factors influencing reasonable estimates"). </font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">As of </font><font style="font-family:Arial;font-size:10pt;">December 31, 2018</font><font style="font-family:Arial;font-size:10pt;">, our aggregate accruals for loss contingencies for legal and regulatory matters totaled approximately </font><font style="font-family:Arial;font-size:10pt;">$38 million</font><font style="font-family:Arial;font-size:10pt;">. To the extent that we have established accruals in our consolidated statement of condition for probable loss contingencies, such accruals may not be sufficient to cover our ultimate financial exposure associated with any settlements or judgments. Any such ultimate financial exposure, or proceedings to which we may become subject in the future, could have a material adverse effect on our businesses, on our future consolidated financial statements or on our reputation. </font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">As of December 31, 2018, for those matters for which we have accrued probable loss contingencies (including the Invoicing Matter described below) and for other matters for which loss is reasonably possible (but not probable) in future periods, and for which we are able to estimate a range of reasonably possible loss, our estimate of the aggregate reasonably possible loss (in excess of any accrued amounts) ranges up to approximately </font><font style="font-family:Arial;font-size:10pt;">$300 million</font><font style="font-family:Arial;font-size:10pt;">. Our estimate with respect to the aggregate reasonably possible loss is based upon currently available information and is subject to significant judgment and a variety of assumptions and known and unknown uncertainties, which may change quickly and significantly from time to time, particularly if and as we engage with applicable governmental agencies or plaintiffs in connection with a proceeding. Also, the matters underlying the reasonably possible loss will change from time to time. As a result, actual results may vary significantly from the current estimate.</font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In certain pending matters, it is not currently feasible to reasonably estimate the amount or a range of reasonably possible loss, and such losses, which may be significant, are not included in the estimate of reasonably possible loss discussed above. This is due to, among other factors, the factors influencing reasonable estimates described above. An adverse outcome in one or more of the matters for which we have not estimated the amount or a range of reasonably possible loss, individually or in the aggregate, could have a material adverse effect on our businesses, on our future consolidated financial statements or on our reputation. Given that our actual losses from any legal or regulatory proceeding for which we have provided an estimate of the reasonably possible loss could significantly exceed such estimate, and given that we cannot estimate reasonably possible loss for all legal and regulatory proceedings as to which we may be subject now or in the future, no conclusion as to our ultimate exposure from current pending or potential legal or regulatory proceedings should be drawn from the current estimate of reasonably possible loss. </font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following discussion provides information with respect to significant legal, governmental and regulatory matters. </font></div><div style="line-height:120%;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:normal;text-decoration:none;">Invoicing Matter</font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In 2015, we determined that we had incorrectly invoiced clients for certain expenses. We have reimbursed most of our affected customers for those expenses, and we have implemented enhancements to our billing processes. In connection with our enhancements to our billing processes, we continue to review historical billing practices and may from time to time identify additional remediation. In 2017, we identified an additional area of incorrect expense billing associated with mailing services in our retirement services business. The accrual for loss contingencies at December 31, 2018 included an estimate of the amount we anticipate reimbursing clients due to that error. We currently expect the cumulative total of our payments to customers for these invoicing errors, including the error in the retirement services business, to be at least </font><font style="font-family:Arial;font-size:10pt;">$380 million</font><font style="font-family:Arial;font-size:10pt;">, all of which has been paid or is accrued. However, we may identify additional remediation costs.</font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In March 2017, a purported class action was commenced against us alleging that our invoicing practices violated duties owed to retirement plan customers under ERISA. In addition, we have received a purported class action demand letter alleging that our invoicing practices were unfair and deceptive under Massachusetts law. A class of customers, or particular customers, may assert that we have not paid to them all amounts incorrectly invoiced, and may seek double or treble damages under Massachusetts law. </font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We are also cooperating with investigations by governmental and regulatory authorities on these matters, including the civil and criminal divisions of the DOJ, the SEC, the DOL and the Massachusetts Attorney General, which could result in significant fines or other sanctions, civil and criminal, against us. If these governmental or regulatory authorities were to conclude that all or a portion of the billing errors merited civil or criminal sanctions, any fine or other penalty could be a significant percentage, or a multiple of, the portion of the overcharging serving as the basis of such a claim or of the full amount overcharged. The governmental and regulatory authorities have significant discretion in civil and criminal matters as to the fines and other penalties they may seek to impose. The severity of such fines or other penalties could take into account factors such as the amount and duration of our incorrect invoicing, the government&#8217;s or regulator's assessment of the conduct of our employees, as well as prior conduct such as that which resulted in our January 2017 deferred prosecution agreement in connection with transition management services and our settlement of civil claims regarding our indirect foreign exchange business. The staff of the SEC has informed us that it intends to ask the SEC for permission to bring an action against us asserting that we overcharged clients that are registered investment companies for custody expenses in violation of &#167;&#167; 31(a), 34(b) and 37 of the Investment Company Act of 1940, and Rules 31a-1(a) and 31a-1(b) thereunder. We have submitted to the staff of the SEC a response, which included a settlement proposal, which the staff has indicated is too low, and we remain in discussions with the staff as to a potential settlement. Our aggregate accruals for loss contingencies for legal and regulatory matters as of December 31, 2018 include the amount of penalties reflected in our settlement proposal. There can be no assurance that any settlement, whether with the SEC or other governmental authorities, will be reached or, if so, the amount of the settlement or its impact on other claims relating to these matters. In the first half of 2019, it is likely that discussions will commence with the DOJ regarding a potential resolution of their investigation regarding this matter, which will then enable us to better assess the potential penalties and/or other sanctions they will be seeking. The aggregate amount of penalties that may potentially be imposed upon us in connection with the resolution of all outstanding investigations into our historical billing practices could be multiples of the potential penalties being discussed with the staff of the SEC.</font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The outcome of any of these proceedings and, in particular, any criminal sanction could materially adversely affect our results of operations and could have significant collateral consequences for our business and reputation. </font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:normal;text-decoration:none;">Federal Reserve/Massachusetts Division of Banks Written Agreement</font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On June 1, 2015, we entered into a written agreement with the Federal Reserve and the Massachusetts Division of Banks relating to deficiencies identified in our compliance programs with the requirements of the Bank Secrecy Act, AML regulations and U.S. economic sanctions regulations promulgated by OFAC. As part of this enforcement action, we have been required to, among other things, implement improvements to our compliance programs. If we fail to comply with the terms of the written agreement, we may become subject to fines and other regulatory sanctions, which may have a material adverse effect on us.</font></div><div style="line-height:120%;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:normal;text-decoration:none;">Shareholder Litigation</font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A shareholder of ours has filed a purported class action complaint against the Company alleging that the Company&#8217;s financial statements in its annual reports for the 2011-2014 period were misleading due to the inclusion of revenues associated with the invoicing matter referenced above and the facts surrounding our 2017 settlements with the U.S. government relating to our transition management business. The Court has preliminarily approved a class settlement in this matter for </font><font style="font-family:Arial;font-size:10pt;">$4.9 million</font><font style="font-family:Arial;font-size:10pt;">. The final fairness hearing is scheduled to take place in April 2019. In addition, a shareholder of ours has filed a derivative complaint against the Company's past and present officers and directors to recover alleged losses incurred by the Company relating to the invoicing matter and to our Ohio public retirement plans matter.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#000000;font-style:italic;font-weight:bold;text-decoration:none;">Income Taxes</font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In determining our provision for income taxes, we make certain judgments and interpretations with respect to tax laws in jurisdictions in which we have business operations. Because of the complex nature of these laws, in the normal course of our business, we are subject to challenges from U.S. and non-U.S. income tax authorities regarding the amount of income taxes due. These challenges may result in adjustments to the timing or amount of taxable income or deductions or the allocation of taxable income among tax jurisdictions. We recognize a tax benefit when it is more likely than not that our position will result in a tax deduction or credit. Unrecognized tax benefits of approximately </font><font style="font-family:Arial;font-size:10pt;">$108 million</font><font style="font-family:Arial;font-size:10pt;"> as of </font><font style="font-family:Arial;font-size:10pt;">December 31, 2018</font><font style="font-family:Arial;font-size:10pt;"> increased from </font><font style="font-family:Arial;font-size:10pt;">$94 million</font><font style="font-family:Arial;font-size:10pt;"> as of </font><font style="font-family:Arial;font-size:10pt;">December 31, 2017</font><font style="font-family:Arial;font-size:10pt;">. </font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We are presently under audit by a number of tax authorities, and the Internal Revenue Service is currently reviewing our U.S. income tax returns for the tax years 2014 and 2015. The earliest tax year open to examination in jurisdictions where we have material operations is 2012. Management believes that we have sufficiently accrued liabilities as of </font><font style="font-family:Arial;font-size:10pt;">December 31, 2018</font><font style="font-family:Arial;font-size:10pt;"> for potential tax exposures.</font></div></div>
CY2018 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes the aggregate fair values of indemnified securities financing and related collateral, as well as collateral invested in indemnified repurchase agreements, as of the dates indicated:</font></div><div style="line-height:120%;text-align:justify;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:50%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:22%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:22%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;font-weight:bold;">(In millions)</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;font-weight:bold;">December 31, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;font-weight:bold;">December 31, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;">Fair value of indemnified securities financing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;font-weight:bold;">342,337</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;">381,817</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;">Fair value of cash and securities held by us, as agent, as collateral for indemnified securities financing</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;font-weight:bold;">357,893</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;">400,828</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;">Fair value of collateral for indemnified securities financing invested in indemnified repurchase agreements</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;font-weight:bold;">42,610</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;">61,270</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;">Fair value of cash and securities held by us or our agents as collateral for investments in indemnified repurchase agreements</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;font-weight:bold;">45,064</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;">65,272</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#000000;font-style:italic;font-weight:bold;text-decoration:none;">Use of Estimates</font></div><div style="line-height:120%;padding-top:4px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management&#160;to&#160;make estimates and assumptions in the application of certain of our significant accounting policies that may materially affect the reported amounts of assets, liabilities, equity, revenue and expenses. As a result of unanticipated events or circumstances, actual results could differ from those estimates.</font></div></div>

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