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Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income
The following table presents the change in each of the components of accumulated other comprehensive income and the related tax effect of the change allocated to each component for the three months ended September 30, 2015 and 2014:
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Three Months Ended September 30, 2015
 
 
 
 
 

Cash flow hedge activities:
 
 
 
 
 

Unrealized net gains (losses) on hedges arising during the period
 
$
185

 
$
(72
)
 
$
113

Less: Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(48
)
 
19

 
(29
)
     Net change
 
137

 
(53
)
 
84

Securities:
 
 
 
 
 

Unrealized holding gains (losses) arising during the period on securities available for sale
 
79

 
(31
)
 
48

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(6
)
 
2

 
(4
)
Less: accretion of fair value adjustment on securities available for sale
 
(1
)
 
1

 
—

Less: amortization of net unrealized (gains) losses on held to maturity securities
 
5

 
(2
)
 
3

     Net change
 
77

 
(30
)
 
47

Foreign currency translation adjustment
 
(10
)
 
4

 
(6
)
Pension and other postretirement benefits:
 
 
 
 
 

Amortization of prior service costs(1)
 
(6
)
 
2

 
(4
)
Recognized net actuarial gain (loss)(1)
 
35

 
(15
)
 
20

     Net change(1)
 
29

 
(13
)
 
16

Net change in AOCI
 
$
233

 
$
(92
)
 
$
141

 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 10 to these consolidated financial statements.

(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Three Months Ended September 30, 2014
 
 
 
 
 
 
Cash flow hedge activities:
 
 
 
 
 
 
Unrealized net gains (losses) on hedges arising during the period
 
$
(32
)
 
$
13

 
$
(19
)
Less: Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(34
)
 
13

 
(21
)
     Net change
 
(66
)
 
26

 
(40
)
Securities:
 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period on securities available for sale
 
10

 
(4
)
 
6

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(13
)
 
5

 
(8
)
Less: accretion of fair value adjustment on securities available for sale
 
(35
)
 
13

 
(22
)
Less: amortization of net unrealized (gains) losses on held to maturity securities
 
4

 
(2
)
 
2

     Net change
 
(34
)
 
12

 
(22
)
Foreign currency translation adjustment
 
(6
)
 
3

 
(3
)
Pension and other postretirement benefits:
 
 
 
 
 
 
Amortization of prior service costs (1)
 
(6
)
 
2

 
(4
)
Recognized net actuarial gain (loss)(1)
 
16

 
(5
)
 
11

     Net change(1)
 
10

 
(3
)
 
7

Net change in AOCI
 
$
(96
)
 
$
38

 
$
(58
)
 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 10 to these consolidated financial statements.
The following table presents the change in each of the components of accumulated other comprehensive income and the related tax effect of the change allocated to each component for the nine months ended September 30, 2015 and 2014:
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Nine Months Ended September 30, 2015
 
 
 
 
 

Cash flow hedge activities:
 
 
 
 
 

Unrealized net gains (losses) on hedges arising during the period
 
$
296

 
$
(116
)
 
$
180

Less: Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(122
)
 
48

 
(74
)
     Net change
 
174

 
(68
)
 
106

Securities:
 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period on securities available for sale
 
112

 
(44
)
 
68

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(14
)
 
5

 
(9
)
Less: accretion of fair value adjustment on securities available for sale
 
(4
)
 
2

 
(2
)
Less: amortization of net unrealized (gains) losses on held to maturity securities
 
15

 
(6
)
 
9

     Net change
 
109

 
(43
)
 
66

Foreign currency translation adjustment
 
(19
)
 
8

 
(11
)
Pension and other postretirement benefits:
 
 
 
 
 
 
Amortization of prior service costs(1)
 
(19
)
 
7

 
(12
)
Recognized net actuarial gain (loss)(1)
 
91

 
(36
)
 
55

     Net change(1)
 
72

 
(29
)
 
43

Net change in AOCI
 
$
336

 
$
(132
)
 
$
204

 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 10 to these consolidated financial statements.

(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Nine Months Ended September 30, 2014
 
 
 
 
 
 
Cash flow hedge activities:
 
 
 
 
 
 
Unrealized net gains (losses) on hedges arising during the period
 
$
46

 
$
(18
)
 
$
28

Less: Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(86
)
 
34

 
(52
)
     Net change
 
(40
)
 
16

 
(24
)
Securities:
 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period on securities available for sale
 
282

 
(111
)
 
171

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(16
)
 
6

 
(10
)
Less: accretion of fair value adjustment on securities available for sale
 
(59
)
 
23

 
(36
)
Less: amortization of net unrealized (gains) losses on held to maturity securities
 
14

 
(6
)
 
8

     Net change
 
221

 
(88
)
 
133

Foreign currency translation adjustment
 
(6
)
 
3

 
(3
)
Pension and other postretirement benefits:
 
 
 
 
 
 
Pension and other postretirement benefits arising during the period
 
(4
)
 
2

 
(2
)
Amortization of prior service costs (1)
 
(10
)
 
4

 
(6
)
Recognized net actuarial gain (loss)(1)
 
45

 
(18
)
 
27

     Net change(1)
 
31

 
(12
)
 
19

Net change in AOCI
 
$
206

 
$
(81
)
 
$
125

 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 10 to these consolidated financial statements.
The following tables present the change in accumulated other comprehensive income balances:
For the Three Months Ended September 30, 2014 and 2015:
 
 
Net Unrealized
Gains (Losses) on Cash Flow Hedges
 
Net
Unrealized
Gains (Losses)
on Securities
 
Foreign
Currency
Translation
Adjustment
 
Pension and
Other Postretirement
Benefits
Adjustment
 
Accumulated
Other
Comprehensive
Income (Loss)
(Dollars in millions)
 
 
 
 
 
Balance, June 30, 2014
 
$
32

 
$
(173
)
 
$
(3
)
 
$
(297
)
 
$
(441
)
Other comprehensive income (loss) before reclassifications
 
(19
)
 
(14
)
 
(3
)
 
—

 
(36
)
Amounts reclassified from AOCI
 
(21
)
 
(8
)
 
—

 
7

 
(22
)
Balance, September 30, 2014
 
$
(8
)
 
$
(195
)
 
$
(6
)
 
$
(290
)
 
$
(499
)
Balance, June 30, 2015
 
$
43

 
$
(126
)
 
$
(15
)
 
$
(568
)
 
$
(666
)
Other comprehensive income (loss) before reclassifications
 
113

 
51

 
(6
)
 
—

 
158

Amounts reclassified from AOCI
 
(29
)
 
(4
)
 
—

 
16

 
(17
)
Balance, September 30, 2015
 
$
127

 
$
(79
)
 
$
(21
)
 
$
(552
)
 
$
(525
)

For the Nine Months Ended September 30, 2014 and 2015:
 
 
Net Unrealized
Gains (Losses) on Cash Flow Hedges
 
Net
Unrealized
Gains (Losses)
on Securities
 
Foreign
Currency
Translation
Adjustment
 
Pension and
Other Postretirement
Benefits
Adjustment
 
Accumulated
Other
Comprehensive
Income (Loss)
(Dollars in millions)
 
 
 
 
 
Balance, December 31, 2013
 
$
16

 
$
(328
)
 
$
(3
)
 
$
(309
)
 
$
(624
)
Other comprehensive income (loss) before reclassifications
 
28

 
143

 
(3
)
 
(2
)
 
166

Amounts reclassified from AOCI
 
(52
)
 
(10
)
 
—

 
21

 
(41
)
Balance, September 30, 2014
 
$
(8
)
 
$
(195
)
 
$
(6
)
 
$
(290
)
 
$
(499
)
Balance, December 31, 2014
 
$
21

 
$
(145
)
 
$
(10
)
 
$
(595
)
 
$
(729
)
Other comprehensive income (loss) before reclassifications
 
180

 
75

 
(11
)
 
—

 
244

Amounts reclassified from AOCI
 
(74
)
 
(9
)
 
—

 
43

 
(40
)
Balance, September 30, 2015
 
$
127

 
$
(79
)
 
$
(21
)
 
$
(552
)
 
$
(525
)