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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income
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 March 31, 2017 and 2016:
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Three Months Ended March 31, 2017
 
 
 
 
 

Cash flow hedge activities:
 
 
 
 
 

Unrealized net gains (losses) on hedges arising during the period
 
$
(19
)
 
$
7

 
$
(12
)
Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(29
)
 
11

 
(18
)
Net change
 
(48
)
 
18

 
(30
)
Securities:
 
 
 
 
 

Unrealized holding gains (losses) arising during the period on securities available for sale
 
56

 
(23
)
 
33

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(2
)
 
1

 
(1
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
5

 
(2
)
 
3

Net change
 
59

 
(24
)
 
35

Foreign currency translation adjustment
 
1

 
—

 
1

Pension and other benefits:
 
 
 
 
 

   Amortization of prior service credit (1)
 
(12
)
 
5

 
(7
)
   Recognized net actuarial (gain) loss(1)
 
23

 
(9
)
 
14

Net change
 
11

 
(4
)
 
7

Net change in AOCI
 
$
23

 
$
(10
)
 
$
13

 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 11 to these consolidated financial statements.
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Three Months Ended March 31, 2016
 
 
 
 
 
 
Cash flow hedge activities:
 
 
 
 
 
 
Unrealized net gains (losses) on hedges arising during the period
 
$
261

 
$
(103
)
 
$
158

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(42
)
 
16

 
(26
)
Net change
 
219

 
(87
)
 
132

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

 
(62
)
 
95

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

 
(8
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
5

 
(2
)
 
3

Net change
 
149

 
(59
)
 
90

Foreign currency translation adjustment
 
7

 
(3
)
 
4

Pension and other benefits:
 
 
 
 
 
 
     Amortization of prior service credit (1)
 
(6
)
 
3

 
(3
)
     Recognized net actuarial (gain) loss(1)
 
22

 
(9
)
 
13

Net change
 
16

 
(6
)
 
10

Other
 
(2
)
 
—

 
(2
)
Net change in AOCI
 
$
389

 
$
(155
)
 
$
234

 
 

(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 11 to these consolidated financial statements.

 
 
 
 
 
 
 
 
 
 
 
 
 
 


The following tables present the change in accumulated other comprehensive loss balances:
For the Three Months Ended March 31, 2016 and 2017:
 
 
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 December 31, 2015
 
$
38

 
$
(152
)
 
$
(24
)
 
$
(612
)
 
$
—

 
$
(750
)
Other comprehensive income (loss) before reclassifications
 
158

 
98

 
4

 
—

 
—

 
260

Amounts reclassified from AOCI
 
(26
)
 
(8
)
 
—

 
10

 
(2
)
 
(26
)
Balance, March 31, 2016
 
$
170

 
$
(62
)
 
$
(20
)
 
$
(602
)
 
$
(2
)
 
$
(516
)
Balance, December 31, 2016
 
$
(77
)
 
$
(208
)
 
$
(22
)
 
$
(589
)
 
$
—

 
$
(896
)
Other comprehensive income (loss) before reclassifications
 
(12
)
 
36

 
1

 
—

 
—

 
25

Amounts reclassified from AOCI
 
(18
)
 
(1
)
 
—

 
7

 
—

 
(12
)
Balance, March 31, 2017
 
$
(107
)
 
$
(173
)
 
$
(21
)
 
$
(582
)
 
$
—

 
$
(883
)