Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2012

Components of Accumulated Other Comprehensive Loss

The following table presents the change in each of the components of accumulated other comprehensive loss and the related tax effect of the change allocated to each component:

(Dollars in millions)	Before Tax Amount			Tax Effect			Net of Tax
For the Nine Months Ended September 30, 2011:
Cash flow hedge activities:
Unrealized net losses on hedges arising during the period	$	(15	)	$	6		$	(9	)
Less: Reclassification adjustment for net losses on hedges included in net income		10			(4	)		6
Net change in unrealized losses on hedges		(5	)		2			(3	)
Securities:
Unrealized holding gains arising during the period on securities available for sale		165			(65	)		100
Reclassification adjustment for net gains on securities available for sale included in net income		(58	)		23			(35	)
Less: accretion of fair value adjustment on securities available for sale		(5	)		2			(3	)
Less: accretion of fair value adjustment on held to maturity securities		(21	)		8			(13	)
Less: accretion of net unrealized losses on held to maturity securities		77			(30	)		47
Net change in unrealized losses on securities		158			(62	)		96
Foreign currency translation adjustment		(2	)		1			(1	)
Reclassification adjustment for pension and other benefits included in net income:
Amortization of transition amount		1			—			1
Recognized net actuarial loss		38			(15	)		23
Pension and other benefits		9			(4	)		5
Net change in pension and other benefits		48			(19	)		29
Net change in accumulated other comprehensive loss	$	199		$	(78	)	$	121
For the Nine Months Ended September 30, 2012:
Cash flow hedge activities:
Unrealized net gains on hedges arising during the period	$	77		$	(30	)	$	47
Less: Reclassification adjustment for net losses on hedges included in net income		(10	)		4			(6	)
Net change in unrealized losses on hedges		67			(26	)		41
Securities:
Unrealized holding gains arising during the period on securities available for sale		189			(74	)		115
Reclassification adjustment for net gains on securities available for sale included in net income		(88	)		35			(53	)
Reclassification of unrealized loss on securities held to maturity transferred to available for sale		301			(118	)		183
Less: accretion of fair value adjustment on securities available for sale		(2	)		1			(1	)
Less: accretion of fair value adjustment on held to maturity securities		(23	)		9			(14	)
Less: accretion of net unrealized losses on held to maturity securities		84			(33	)		51
Net change in unrealized losses on securities		461			(180	)		281
Foreign currency translation adjustment		2			(1	)		1
Reclassification adjustment for pension and other benefits included in net income:
Amortization of transition amount		1			—			1
Recognized net actuarial loss		74			(29	)		45
Net change in pension and other benefits		75			(29	)		46
Net change in accumulated other comprehensive loss	$	605		$	(236	)	$	369

Change in Accumulated Other Comprehensive Loss Balances

The following table presents the change in accumulated other comprehensive loss balances:

(Dollars in millions)	Net Unrealized Gains (Losses) on Cash Flow Hedges			Net Unrealized Gains (Losses) on Securities			Foreign Currency Translation Adjustment			Pension and Other Benefits Adjustment			Accumulated Other Comprehensive Loss
Balance, December 31, 2010	$	(21	)	$	(238	)	$	1		$	(419	)	$	(677	)
Change during the period		(3	)		96			(1	)		29			121
Balance, September 30, 2011	$	(24	)	$	(142	)	$	—		$	(390	)	$	(556	)
Balance, December 31, 2011	$	(17	)	$	(107	)	$	—		$	(685	)	$	(809	)
Change during the period		41			281			1			46			369
Balance, September 30, 2012	$	24		$	174		$	1		$	(639	)	$	(440	)