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Accumulated Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2018
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.
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Year Ended December 31, 2018
 
 

 
 

 
 

Cash flow hedge activities:
 
 

 
 

 
 

Unrealized net gains (losses) on hedges arising during the period
 
$
(96
)
 
$
25

 
$
(71
)
Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt
 
34

 
(9
)
 
25

Net change
 
(62
)
 
16

 
(46
)
Securities:
 
 

 
 

 
 

Unrealized holding gains (losses) arising during the period on securities available for sale
 
(210
)
 
55

 
(155
)
Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(8
)
 
2

 
(6
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
28

 
(7
)
 
21

Net change
 
(190
)
 
50

 
(140
)
Foreign currency translation adjustment
 
(3
)
 
1

 
(2
)
Pension and other benefits:
 
 

 
 

 
 

Amortization of prior service credit(1)
 
(41
)
 
11

 
(30
)
Recognized net actuarial (gain) loss(1)
 
96

 
(25
)
 
71

Pension and other benefits arising during the year
 
(231
)
 
60

 
(171
)
Net change
 
(176
)
 
46

 
(130
)
Other
 
(1
)
 

 
(1
)
Net change in AOCI
 
$
(432
)
 
$
113

 
$
(319
)
 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 15 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
 
Other
 
Accumulated
Other
Comprehensive
Loss
Balance, December 31, 2015
 
$
38

 
$
(152
)
 
$
(24
)
 
$
(612
)
 
$

 
$
(750
)
Other comprehensive income before reclassifications
 
(16
)
 
(14
)
 
2

 
(12
)
 

 
(40
)
Amounts reclassified from AOCI
 
(99
)
 
(42
)
 

 
35

 

 
(106
)
Balance, December 31, 2016
 
$
(77
)
 
$
(208
)
 
$
(22
)
 
$
(589
)
 
$

 
$
(896
)
Other comprehensive income before reclassifications
 
(22
)
 
15

 
7

 
69

 

 
69

Amounts reclassified from AOCI
 
(44
)
 
1

 

 
26

 

 
(17
)
Subtotal before TCJA reclass
 
(143
)
 
(192
)
 
(15
)
 
(494
)
 

 
(844
)
TCJA reclass
 
(31
)
 
(41
)
 
(4
)
 
(106
)
 

 
(182
)
Balance, December 31, 2017
 
$
(174
)
 
$
(233
)
 
$
(19
)
 
$
(600
)
 
$

 
$
(1,026
)
Other comprehensive income before reclassifications
 
(71
)
 
(155
)
 
(2
)
 
(171
)
 
(1
)
 
(400
)
Amounts reclassified from AOCI
 
25

 
15

 

 
41

 

 
81

Transfer to additional paid-in capital

 

 

 
21

 

 

 
21

Balance, December 31, 2018
 
$
(220
)
 
$
(373
)
 
$

 
$
(730
)
 
$
(1
)
 
$
(1,324
)