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Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income
The following tables present 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, 2016 and 2015:
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Three Months Ended September 30, 2016
 
 
 
 
 

Cash flow hedge activities:
 
 
 
 
 

Unrealized net gains (losses) on hedges arising during the period
 
$
(60
)
 
$
25

 
$
(35
)
Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(43
)
 
19

 
(24
)
Net change
 
(103
)
 
44

 
(59
)
Securities:
 
 
 
 
 

Unrealized holding gains (losses) arising during the period on securities available for sale
 
25

 
(10
)
 
15

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(24
)
 
9

 
(15
)
Less: accretion of fair value adjustment on held to maturity securities           
 
6

 
(2
)
 
4

Net change
 
7

 
(3
)
 
4

Foreign currency translation adjustment
 
(2
)
 
1

 
(1
)
Pension and other benefits:
 
 
 
 
 

   Amortization of prior service credit (1)
 
(8
)
 
4

 
(4
)
   Recognized net actuarial (gain) loss(1)
 
22

 
(9
)
 
13

Pension and other benefits arising during the period
 
13

 
(6
)
 
7

Net change
 
27

 
(11
)
 
16

Other
 
(1
)
 
—

 
(1
)
Net change in AOCI
 
$
(72
)
 
$
31

 
$
(41
)
 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 12 to these consolidated financial statements.
(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
 
$
177

 
$
(70
)
 
$
107

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(46
)
 
18

 
(28
)
Net change
 
131

 
(52
)
 
79

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
)
Accretion of fair value adjustment on securities available for sale
 
(1
)
 
1

 
—

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 benefits:
 
 
 
 
 
 
     Amortization of prior service credit (1)
 
(6
)
 
2

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

 
(15
)
 
20

Pension and other benefits arising during the period
 
12

 
(4
)
 
8

Net change
 
41

 
(17
)
 
24

Net change in AOCI
 
$
239

 
$
(95
)
 
$
144

 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 12 to these consolidated financial statements.
The following tables present 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, 2016 and 2015:
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Nine Months Ended September 30, 2016
 
 
 
 
 
 
Cash flow hedge activities:
 
 
 
 
 
 
Unrealized net gains (losses) on hedges arising during the period
 
$
341

 
$
(133
)
 
$
208

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(127
)
 
50

 
(77
)
Net change
 
214

 
(83
)
 
131

Securities:
 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period on securities available for sale
 
288

 
(114
)
 
174

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(55
)
 
22

 
(33
)
Accretion of fair value adjustment on held to maturity securities           
 
13

 
(4
)
 
9

Net change
 
246

 
(96
)
 
150

Foreign currency translation adjustment
 
6

 
(2
)
 
4

Pension and other benefits:
 
 
 
 
 
 
Amortization of prior service credit(1)
 
(21
)
 
9

 
(12
)
Recognized net actuarial gain (loss)(1)
 
66

 
(26
)
 
40

Pension and other benefits arising during the period
 
13

 
(6
)
 
7

Net change
 
58

 
(23
)
 
35

Other
 
(1
)
 
—

 
(1
)
Net change in AOCI
 
$
523

 
$
(204
)
 
$
319

 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 12 to these consolidated financial statements.

(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
 
$
286

 
$
(117
)
 
$
169

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(118
)
 
48

 
(70
)
Net change
 
168

 
(69
)
 
99

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

 
(2
)
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 benefits:
 
 
 
 
 
 
Amortization of prior service credit (1)
 
(19
)
 
7

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

 
(36
)
 
55

Pension and other benefits arising during the period
 
7

 
(2
)
 
5

Net change
 
79

 
(31
)
 
48

Net change in AOCI
 
$
337

 
$
(135
)
 
$
202

 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 12 to these consolidated financial statements.

The following tables present the change in accumulated other comprehensive loss balances:
For the Three Months Ended September 30, 2015 and 2016:
 
 
Net Unrealized
Gains (Losses) on Cash Flow Hedges
 
Net
Unrealized
Gains (Losses)
on Securities
 
Foreign
Currency
Translation
Adjustment
 
Pension and
Other Postretirement
Benefits
Adjustment
 
Other
 
Accumulated
Other
Comprehensive
Loss
(Dollars in millions)
 
 
 
 
 
 
Balance, June 30, 2015
 
$
46

 
$
(127
)
 
$
(15
)
 
$
(575
)
 
$
—

 
$
(671
)
Other comprehensive income (loss) before reclassifications
 
107

 
51

 
(6
)
 
—

 
—

 
152

Amounts reclassified from AOCI
 
(28
)
 
(4
)
 
—

 
24

 
—

 
(8
)
Balance, September 30, 2015
 
$
125

 
$
(80
)
 
$
(21
)
 
$
(551
)
 
$
—

 
$
(527
)
Balance, June 30, 2016
 
$
228

 
$
(6
)
 
$
(19
)
 
$
(593
)
 
$
—

 
$
(390
)
Other comprehensive income (loss) before reclassifications
 
(35
)
 
19

 
(1
)
 
—

 
—

 
(17
)
Amounts reclassified from AOCI
 
(24
)
 
(15
)
 
—

 
16

 
(1
)
 
(24
)
Balance, September 30, 2016
 
$
169

 
$
(2
)
 
$
(20
)
 
$
(577
)
 
$
(1
)
 
$
(431
)
For the Nine Months Ended September 30, 2015 and 2016:
 
 
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
Loss
(Dollars in millions)
 
 
 
 
 
Other
 
Balance, December 31, 2014
 
$
26

 
$
(146
)
 
$
(10
)
 
$
(599
)
 
$
—

 
$
(729
)
Other comprehensive income (loss) before reclassifications
 
169

 
75

 
(11
)
 
—

 
—

 
233

Amounts reclassified from AOCI
 
(70
)
 
(9
)
 
—

 
48

 
—

 
(31
)
Balance, September 30, 2015
 
$
125

 
$
(80
)
 
$
(21
)
 
$
(551
)
 
—

 
$
(527
)
Balance, December 31, 2015
 
$
38

 
$
(152
)
 
$
(24
)
 
$
(612
)
 
$
—

 
$
(750
)
Other comprehensive income (loss) before reclassifications
 
208

 
183

 
4

 
—

 
—

 
395

Amounts reclassified from AOCI
 
(77
)
 
(33
)
 
—

 
35

 
(1
)
 
(76
)
Balance, September 30, 2016
 
$
169

 
$
(2
)
 
$
(20
)
 
$
(577
)
 
(1
)
 
$
(431
)