Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2012

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents reconciliations of the components of accumulated other comprehensive income (loss) for the six months ended June 30, 2012 and 2011.

	Six Months Ended June 30,
(in millions)	2012			2011
Accumulated net unrealized gains on investment securities available-for-sale:
Balance at beginning of period, net of tax	$	129		$	14
Net unrealized holding gains arising during the period	63			107
Less: Reclassification adjustment for net gains included in net income	11			7
Change in net unrealized gains before income taxes	52			100
Less: Provision for income taxes	19			37
Change in net unrealized gains on investment securities available-for-sale, net of tax	33			63
Balance at end of period, net of tax	$	162		$	77
Accumulated net gains on cash flow hedges:
Balance at beginning of period, net of tax	$	—		$	2
Net cash flow hedge losses arising during the period	—			(2		)
Less: Reclassification adjustment for net gains included in net income	—			1
Change in net cash flow hedge gains (losses) before income taxes	—			(3		)
Less: Provision (benefit) for income taxes	—			(1		)
Change in net cash flow hedge gains, net of tax	—			(2		)
Balance at end of period, net of tax	$	—		$	—
Accumulated defined benefit pension and other postretirement plans adjustment:
Balance at beginning of period, net of tax	$	(485	)	$	(405	)
Net defined benefit pension and other postretirement adjustment arising during the period	—			7
Less: Adjustment for amounts recognized as components of net periodic benefit cost during the period	(34		)	(24		)
Change in defined benefit pension and other postretirement plans adjustment before income taxes	34			31
Less: Provision for income taxes	12			11
Change in defined benefit pension and other postretirement plans adjustment, net of tax	22			20
Balance at end of period, net of tax	$	(463	)	$	(385	)
Total accumulated other comprehensive loss at end of period, net of tax	$	(301	)	$	(308	)