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Accumulated Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2019
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, 2019
 
 

 
 

 
 

Cash flow hedge activities:
 
 

 
 

 
 

Unrealized net gains (losses) on hedges arising during the period
 
$
51

 
$
(13
)
 
$
38

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt
 
91

 
(24
)
 
67

Net change
 
142

 
(37
)
 
105

Securities:
 
 

 
 

 
 

Unrealized holding gains (losses) arising during the period on securities available for sale
 
385

 
(101
)
 
284

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(39
)
 
10

 
(29
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
33

 
(8
)
 
25

Net change
 
379

 
(99
)
 
280

Foreign currency translation adjustment
 
—

 
—

 
—

Pension and other benefits:
 
 

 
 

 
 

Amortization of prior service credit(1)
 
(40
)
 
11

 
(29
)
Recognized net actuarial (gain) loss(1)
 
74

 
(20
)
 
54

Pension and other benefits arising during the year
 
70

 
(19
)
 
51

Net change
 
104

 
(28
)
 
76

Other
 
1

 
—

 
1

Net change in AOCI
 
$
626

 
$
(164
)
 
$
462

 
 
(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.
For the Year Ended December 31, 2018 and 2019
 
 
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
Income (Loss)
(Dollars in millions)
 
 
 
 
 
 
Balance, December 31, 2016
 
$
(77
)
 
$
(208
)
 
$
(22
)
 
$
(589
)
 
$
—

 
$
(896
)
Other comprehensive income (loss) 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 (loss) before reclassifications
 
(71
)
 
(155
)
 
(2
)
 
(171
)
 
(1
)
 
(400
)
Amounts reclassified from AOCI
 
25

 
15

 
—

 
41

 
—

 
81

Transfer to additional paid-in capital(1)
 
—

 
—

 
21

 
—

 
—

 
21

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

 
$
(730
)
 
$
(1
)
 
$
(1,324
)
Other comprehensive income (loss) before reclassifications
 
38

 
284

 
—

 
51

 
1

 
374

Amounts reclassified from AOCI
 
67

 
(4
)
 
—

 
25

 
—

 
88

Balance, December 31, 2019
 
$
(115
)
 
$
(93
)
 
$
—

 
$
(654
)
 
$
—

 
$
(862
)