XML 27 R17.htm IDEA: XBRL DOCUMENT v3.20.2
Employee Benefit Plans
 9 Months Ended
Sep. 30, 2020
Retirement Benefits [Abstract]  
Employee Benefit Plans EMPLOYEE BENEFIT PLANS
Net periodic defined benefit cost (credit) is comprised of service cost and other components of net benefit cost (credit). Service cost is included in salaries and benefits expense and other components of net benefit cost (credit) are included in other noninterest expenses on the Consolidated Statements of Comprehensive Income. For further information on the Corporation's employee benefit plans, refer to Note 17 to the consolidated financial statements in the Corporation's 2019 Annual Report.
The components of net periodic benefit cost (credit) for the Corporation's qualified pension plan, non-qualified pension plan and postretirement benefit plan are as follows.
Qualified Defined Benefit Pension PlanThree Months Ended September 30,Nine Months Ended September 30,
(in millions)2020201920202019
Service cost$8 $8 $24 $23 
Other components of net benefit credit:
Interest cost18 20 53 60 
Expected return on plan assets(43)(41)(128)(124)
Amortization of prior service credit(5)(5)(15)(14)
Amortization of net loss13 8 40 25 
Total other components of net benefit credit(17)(18)(50)(53)
Net periodic defined benefit credit$(9)$(10)$(26)$(30)
Non-Qualified Defined Benefit Pension PlanThree Months Ended September 30,Nine Months Ended September 30,
(in millions)2020201920202019
Service cost$— $— $1 $2 
Other components of net benefit cost:
Interest cost2 3 6 7 
Amortization of prior service credit(2)(2)(6)(6)
Amortization of net loss3 1 7 5 
Total other components of net benefit cost3 2 7 6 
Net periodic defined benefit cost$3 $2 $8 $8 
Postretirement Benefit PlanThree Months Ended September 30,Nine Months Ended September 30,
(in millions)2020201920202019
Other components of net benefit credit:
Interest cost$1 $— $1 $1 
Expected return on plan assets(1)(1)(2)(2)
Net periodic defined benefit credit$— $(1)$(1)$(1)