Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents a reconciliation of the changes in the components of accumulated other comprehensive loss and details the components of other comprehensive income (loss) for the years ended December 31, 2016, 2015 and 2014, including the amount of income tax expense (benefit) allocated to each component of other comprehensive income (loss).

(in millions)
Years Ended December 31	2016			2015			2014
Accumulated net unrealized gains (losses) on investment securities:
Balance at beginning of period, net of tax	$	9		$	37		$	(68	)
Net unrealized holding (losses) gains arising during the period	(70		)	(55		)	166
Less: (Benefit) provision for income taxes	(26		)	(21		)	60
Net unrealized holding (losses) gains arising during the period, net of tax	(44		)	(34		)	106
Less:
Net realized (losses) gains included in net securities (losses) gains	—			(2		)	1
Less: Benefit for income taxes	—			(1		)	—
Reclassification adjustment for net securities (losses) gains included in net income, net of tax	—			(1		)	1
Less:
Net losses realized as a yield adjustment in interest on investment securities	(3		)	(8		)	—
Less: Benefit for income taxes	(1		)	(3		)	—
Reclassification adjustment for net losses realized as a yield adjustment included in net income, net of tax	(2		)	(5		)	—
Change in net unrealized (losses) gains on investment securities, net of tax	(42		)	(28		)	105
Balance at end of period, net of tax	$	(33	)	$	9		$	37
Accumulated defined benefit pension and other postretirement plans adjustment:
Balance at beginning of period, net of tax	$	(438	)	$	(449	)	$	(323	)
Actuarial loss arising during the period	(134		)	(57		)	(240		)
Prior service credit arising during the period	234			3			—
Net defined benefit pension and other postretirement adjustment arising during the period	100			(54		)	(240		)
Less: Provision (benefit) for income taxes	37			(19		)	(87		)
Net defined benefit pension and other postretirement adjustment arising during the period, net of tax	63			(35		)	(153		)
Amounts recognized in salaries and benefits expense:
Amortization of actuarial net loss	46			70			39
Amortization of prior service (credit) cost	(7		)	1			3
Total amounts recognized in salaries and benefits expense	39			71			42
Less: Provision for income taxes	14			25			15
Adjustment for amounts recognized as components of net periodic benefit cost during the period, net of tax	25			46			27
Change in defined benefit pension and other postretirement plans adjustment, net of tax	88			11			(126		)
Balance at end of period, net of tax	$	(350	)	$	(438	)	$	(449	)
Total accumulated other comprehensive loss at end of period, net of tax	$	(383	)	$	(429	)	$	(412	)