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Accumulated Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Components of Accumulated Other Comprehensive Loss
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 and nine months ended September 30, 2017 and 2016:
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Three Months Ended September 30, 2017
 
 
 
 
 

Cash flow hedge activities:
 
 
 
 
 

Unrealized net gains (losses) on hedges arising during the period
 
$
6

 
$
(2
)
 
$
4

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(11
)
 
4

 
(7
)
Net change
 
(5
)
 
2

 
(3
)
Securities:
 
 
 
 
 

Unrealized holding gains (losses) arising during the period on securities available for sale
 
32

 
(14
)
 
18

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
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
6

 
(2
)
 
4

Net change
 
31

 
(14
)
 
17

Foreign currency translation adjustment
 
7

 
(3
)
 
4

Pension and other benefits:
 
 
 
 
 

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

 
(7
)
   Recognized net actuarial (gain) loss(1)
 
21

 
(7
)
 
14

Net change
 
9

 
(2
)
 
7

Other
 
1

 
—

 
1

Net change in AOCI
 
$
43

 
$
(17
)
 
$
26

 
 
(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 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
)
Amortization of net unrealized (gains) losses 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 11 to these consolidated financial statements.




(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Nine Months Ended September 30, 2017
 
 
 
 
 
 
Cash flow hedge activities:
 
 
 
 
 
 
Unrealized net gains (losses) on hedges arising during the period
 
$
42

 
$
(16
)
 
$
26

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(60
)
 
23

 
(37
)
Net change
 
(18
)
 
7

 
(11
)
Securities:
 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period on securities available for sale
 
129

 
(52
)
 
77

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(15
)
 
6

 
(9
)
Less: accretion of fair value adjustment on securities available for sale
 
(1
)
 
—

 
(1
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
15

 
(6
)
 
9

Net change
 
128

 
(52
)
 
76

Foreign currency translation adjustment
 
12

 
(5
)
 
7

Pension and other benefits:
 
 
 
 
 
 
Amortization of prior service credit(1)
 
(36
)
 
14

 
(22
)
Recognized net actuarial gain (loss)(1)
 
67

 
(25
)
 
42

Net change
 
31

 
(11
)
 
20

Other
 
1

 
—

 
1

Net change in AOCI
 
$
154

 
$
(61
)
 
$
93

 
 
(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 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
)
Amortization of net unrealized (gains) losses 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 11 to these consolidated financial statements.
Change in Accumulated Other Comprehensive Loss Balances
The following tables present the change in accumulated other comprehensive loss balances:
For the Three Months Ended September 30, 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, 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
)
Balance, June 30, 2017
 
$
(85
)
 
$
(149
)
 
$
(19
)
 
$
(576
)
 
$
—

 
$
(829
)
Other comprehensive income (loss) before reclassifications
 
4

 
18

 
4

 
—

 
—

 
26

Amounts reclassified from AOCI
 
(7
)
 
(1
)
 
—

 
7

 
1

 
—

Balance, September 30, 2017
 
$
(88
)
 
$
(132
)
 
$
(15
)
 
$
(569
)
 
$
1

 
$
(803
)



For the Nine Months Ended September 30, 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
 
208

 
183

 
4

 
—

 
—

 
395

Amounts reclassified from AOCI
 
(77
)
 
(33
)
 
—

 
35

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

 
$
(2
)
 
$
(20
)
 
$
(577
)
 
$
(1
)
 
$
(431
)
Balance, December 31, 2016
 
$
(77
)
 
$
(208
)
 
$
(22
)
 
$
(589
)
 
$
—

 
$
(896
)
Other comprehensive income (loss) before reclassifications
 
26

 
77

 
7

 
—

 
—

 
110

Amounts reclassified from AOCI
 
(37
)
 
(1
)
 
—

 
20

 
1

 
(17
)
Balance, September 30, 2017
 
$
(88
)
 
$
(132
)
 
$
(15
)
 
$
(569
)
 
$
1

 
$
(803
)