JPMORGAN CHASE & CO | 2013 | FY | 3


The following table presents a reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2013, 2012 and 2011.
Unrecognized tax benefits
Year ended December 31,
(in millions)
 
2013

 
2012

 
2011

Balance at January 1,
 
$
7,158

 
$
7,189

 
$
7,767

Increases based on tax positions related to the current period
 
542

 
680

 
516

Decreases based on tax positions related to the current period
 

 

 
(110
)
Increases based on tax positions related to prior periods
 
88

 
234

 
496

Decreases based on tax positions related to prior periods
 
(2,200
)
 
(853
)
 
(1,433
)
Decreases related to settlements with taxing authorities
 
(53
)
 
(50
)
 
(16
)
Decreases related to a lapse of applicable statute of limitations
 

 
(42
)
 
(31
)
Balance at December 31,
 
$
5,535

 
$
7,158

 
$
7,189


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