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Accumulated Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
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 Year Ended December 31, 2013
 
 

 
 

 
 

Cash flow hedge activities:
 
 

 
 

 
 

Unrealized net gains (losses) on hedges arising during the period
 
$
29

 
$
(11
)
 
$
18

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt
 
(43
)
 
17

 
(26
)
Net change
 
(14
)
 
6

 
(8
)
Securities:
 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period on securities available for sale
 
(401
)
 
157

 
(244
)
Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(178
)
 
70

 
(108
)
Accretion of fair value adjustment on securities available for sale
 
(75
)
 
30

 
(45
)
Accretion of fair value adjustment on held to maturity securities
 
(12
)
 
5

 
(7
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
(137
)
 
54

 
(83
)
Net change
 
(803
)
 
316

 
(487
)
Foreign currency translation adjustment
 
(7
)
 
3

 
(4
)
Pension and other benefits:
 
 
 
 
 
 
Recognized net actuarial gain (loss)(1)
 
116

 
(46
)
 
70

Pension and other benefits arising during the year
 
526

 
(207
)
 
319

Net change
 
642

 
(253
)
 
389

Net change in AOCI
 
$
(182
)
 
$
72

 
$
(110
)
 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 14 to these consolidated financial statements.
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Year Ended December 31, 2014
 
 

 
 

 
 

Cash flow hedge activities:
 
 

 
 

 
 

Unrealized net gains (losses) on hedges arising during the period
 
$
126

 
$
(50
)
 
$
76

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt
 
(117
)
 
46

 
(71
)
Net change
 
9

 
(4
)
 
5

Securities:
 
 

 
 

 
 

Unrealized holding gains (losses) arising during the period on securities available for sale
 
348

 
(136
)
 
212

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(18
)
 
7

 
(11
)
Accretion of fair value adjustment on securities available for sale
 
(48
)
 
19

 
(29
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
19

 
(8
)
 
11

Net change
 
301

 
(118
)
 
183

Foreign currency translation adjustment
 
(11
)
 
4

 
(7
)
Pension and other benefits:
 
 

 
 

 
 

Amortization of prior service costs(1)
 
(17
)
 
7

 
(10
)
Recognized net actuarial gain (loss)(1)
 
62

 
(24
)
 
38

Pension and other benefits arising during the year
 
(517
)
 
203

 
(314
)
Net change
 
(472
)
 
186

 
(286
)
Net change in AOCI
 
$
(173
)
 
$
68

 
$
(105
)
 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 14 to these consolidated financial statements.





(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Year Ended December 31, 2015
 
 

 
 

 
 

Cash flow hedge activities:
 
 

 
 

 
 

Unrealized net gains (losses) on hedges arising during the period
 
$
195

 
$
(77
)
 
$
118

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt
 
(170
)
 
67

 
(103
)
Net change
 
25

 
(10
)
 
15

Securities:
 
 

 
 

 
 

Unrealized holding gains (losses) arising during the period on securities available for sale
 
(7
)
 
3

 
(4
)
Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(20
)
 
8

 
(12
)
Accretion of fair value adjustment on securities available for sale
 
(4
)
 
2

 
(2
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
20

 
(8
)
 
12

Net change
 
(11
)
 
5

 
(6
)
Foreign currency translation adjustment
 
(24
)
 
9

 
(15
)
Pension and other benefits:
 
 

 
 

 
 

Amortization of prior service costs(1)
 
(25
)
 
9

 
(16
)
Recognized net actuarial gain (loss)(1)
 
121

 
(47
)
 
74

Pension and other benefits arising during the year
 
(124
)
 
49

 
(75
)
Net change
 
(28
)
 
11

 
(17
)
Net change in AOCI
 
$
(38
)
 
$
15

 
$
(23
)
 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 14 to these consolidated financial statements.
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, 2012
 
$
24

 
$
159

 
$
1

 
$
(698
)
 
$
(514
)
Other comprehensive income before reclassifications
 
18

 
(379
)
 
(4
)
 
—

 
(365
)
Amounts reclassified from accumulated other comprehensive loss
 
(26
)
 
(108
)
 
—

 
389

 
255

Balance, December 31, 2013
 
$
16

 
$
(328
)
 
$
(3
)
 
$
(309
)
 
$
(624
)
Balance, December 31, 2013
 
$
16

 
$
(328
)
 
$
(3
)
 
$
(309
)
 
$
(624
)
Other comprehensive income before reclassifications
 
76

 
194

 
(7
)
 
—

 
263

Amounts reclassified from accumulated other comprehensive loss
 
(71
)
 
(11
)
 
—

 
(286
)
 
(368
)
Balance, December 31, 2014
 
$
21

 
$
(145
)
 
$
(10
)
 
$
(595
)
 
$
(729
)
Balance, December 31, 2014
 
$
21

 
$
(145
)
 
$
(10
)
 
$
(595
)
 
$
(729
)
Other comprehensive income before reclassifications
 
118

 
(4
)
 
(15
)
 
(75
)
 
24

Amounts reclassified from accumulated other comprehensive loss
 
(103
)
 
(2
)
 
—

 
58

 
(47
)
Balance, December 31, 2015
 
$
36

 
$
(151
)
 
$
(25
)
 
$
(612
)
 
$
(752
)