Other comprehensive income (loss) (Tables)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Components of Other Comprehensive Income (Loss)

Components of other comprehensive income (loss)	Quarter ended
	Sept. 30, 2020						June 30, 2020						Sept. 30, 2019
(in millions)	Pre-tax amount		Tax (expense) benefit		After-tax amount		Pre-tax amount		Tax (expense) benefit		After-tax amount		Pre-tax amount		Tax (expense) benefit		After-tax amount
Foreign currency translation:
Foreign currency translation adjustments arising during the period (a)	$	262	$	69	$	331	$	104	$	11	$	115	$	(213)	$	(63)	$	(276)
Total foreign currency translation	262		69		331		104		11		115		(213)		(63)		(276)
Unrealized gain on assets available-for-sale:
Unrealized gain arising during period	297		(64)		233		989		(236)		753		88		(25)		63
Reclassification adjustment (b)	(9)		3		(6)		(9)		2		(7)		1		—		1
Net unrealized gain on assets available-for-sale	288		(61)		227		980		(234)		746		89		(25)		64
Defined benefit plans:
Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost (b)	24		(4)		20		24		(5)		19		13		(3)		10
Total defined benefit plans	24		(4)		20		24		(5)		19		13		(3)		10
Unrealized gain (loss) on cash flow hedges:
Unrealized hedge gain (loss) arising during period	9		(1)		8		3		(1)		2		(9)		4		(5)
Reclassification of net (gain) loss to net income:
Interest rate contracts - interest expense	—		—		—		—		—		—		1		—		1
Foreign exchange (“FX”) contracts - staff expense	—		—		—		3		(1)		2		(2)		—		(2)
Total reclassifications to net income	—		—		—		3		(1)		2		(1)		—		(1)
Net unrealized gain (loss) on cash flow hedges	9		(1)		8		6		(2)		4		(10)		4		(6)
Total other comprehensive income (loss)	$	583	$	3	$	586	$	1,114	$	(230)	$	884	$	(121)	$	(87)	$	(208)

(a)    Includes the impact of hedges of net investments in foreign subsidiaries. See Note 17 for additional information.

(b)    The reclassification adjustment related to the unrealized gain (loss) on assets available-for-sale is recorded as net securities gains on the consolidated income statement. The amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost is recorded as staff expense on the consolidated income statement.

Components of other comprehensive income (loss)	Year-to-date
	Sept. 30, 2020						Sept. 30, 2019
(in millions)	Pre-tax amount		Tax (expense) benefit		After-tax amount		Pre-tax amount		Tax (expense) benefit		After-tax amount
Foreign currency translation:
Foreign currency translation adjustments arising during the period (a)	$	101	$	(24)	$	77	$	(157)	$	(80)	$	(237)
Total foreign currency translation	101		(24)		77		(157)		(80)		(237)
Unrealized gain on assets available-for-sale:
Unrealized gain (loss) arising during period	1,529		(360)		1,169		794		(205)		589
Reclassification adjustment (b)	(27)		7		(20)		(7)		2		(5)
Net unrealized gain on assets available-for-sale	1,502		(353)		1,149		787		(203)		584
Defined benefit plans:
Net (loss) arising during the period	—		—		—		(11)		2		(9)
Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost (b)	72		(15)		57		38		(8)		30
Total defined benefit plans	72		(15)		57		27		(6)		21
Unrealized (loss) gain on cash flow hedges:
Unrealized hedge (loss) arising during period	(1)		1		—		(1)		(2)		(3)
Reclassification of net loss (gain) to net income:
Interest rate contracts - interest expense	—		—		—		1		—		1
FX contracts - staff expense	2		(1)		1		(1)		2		1
Total reclassifications to net income	2		(1)		1		—		2		2
Net unrealized (loss) on cash flow hedges	1		—		1		(1)		—		(1)
Total other comprehensive income	$	1,676	$	(392)	$	1,284	$	656	$	(289)	$	367

(a)    Includes the impact of hedges of net investments in foreign subsidiaries. See Note 17 for additional information.

(b)    The reclassification adjustment related to the unrealized gain (loss) on assets available-for-sale is recorded as net securities gains on the consolidated income statement. The amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost is recorded as staff expense on the consolidated income statement.