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Employee Benefit Plans (Reconciliations of Plan assets and the Projected Benefit Obligation, the Weighted-Average Assumptions Used to Determine Year-End Benefit Obligations, and the Amounts Recognized in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Fair value of plan assets at January 1 $ 3,349    
Fair value of plan assets at December 31 3,454 $ 3,349  
Actuarial (gain) loss [1] 159 128 $ 157
Qualified Plan      
Fair value of plan assets at January 1 3,350 2,933  
Actual return on plan assets 291 537 [2] 579 [2]
Plan participants' contributions 0 0  
Benefits paid (179) (120)  
Fair value of plan assets at December 31 3,462 3,350 2,933
Projected benefit obligation at January 1 2,327 2,131  
Projected benefit obligation at December 31 2,214 2,327 2,131
Service cost [3] 38 32 [2] 31 [2]
Interest cost 61 70 [2] 80 [2]
Actuarial (gain) loss (69) 214  
Plan participants' contributions 0 0  
Plan amendments [4] 36 0  
Accumulated benefit obligation 2,199 2,312  
Funded Status at December 31 [5],[6] $ 1,248 $ 1,023  
Weighted-average assumptions, discount rate, percent 2.96% 2.71%  
Weighted-average assumptions, rate of compensation increase, percent 4.00% 4.00%  
Actuarial net loss [7] $ (205) $ (392)  
Prior service credit [7] 48 103  
Balance at December 31 [7] $ (157) $ (289)  
Qualified Plan | Minimum      
Weighted-average assumptions, interest credit rating 379.00% 379.00%  
Qualified Plan | Maximum      
Weighted-average assumptions, interest credit rating 500.00% 500.00%  
Non-Qualified Plan      
Fair value of plan assets at January 1 $ 0    
Benefits paid (15) $ (14)  
Fair value of plan assets at December 31 0 0  
Projected benefit obligation at January 1 252 235  
Projected benefit obligation at December 31 207 252 235
Service cost [3] 2 1 3
Interest cost 7 8 9
Actuarial (gain) loss (3) 22  
Plan participants' contributions 0 0  
Plan amendments [4] (36) 0  
Accumulated benefit obligation 204 251  
Funded Status at December 31 [5],[6] $ (207) $ (252)  
Weighted-average assumptions, discount rate, percent 2.96% 2.71%  
Weighted-average assumptions, rate of compensation increase, percent 4.00% 4.00%  
Actuarial net loss [7] $ (92) $ (106)  
Prior service credit [7] 47 17  
Balance at December 31 [7] $ (45) $ (89)  
Non-Qualified Plan | Minimum      
Weighted-average assumptions, interest credit rating 379.00% 379.00%  
Non-Qualified Plan | Maximum      
Weighted-average assumptions, interest credit rating 500.00% 500.00%  
Postretirement Benefit Plan      
Fair value of plan assets at January 1 $ 57 $ 57  
Actual return on plan assets (1) 3 5
Plan participants' contributions 1 1  
Benefits paid (4) (4)  
Fair value of plan assets at December 31 53 57 57
Projected benefit obligation at January 1 35 48  
Projected benefit obligation at December 31 31 35 48
Service cost 0 0  
Interest cost 1 1 $ 2
Actuarial (gain) loss (1) (11)  
Plan participants' contributions 1 1  
Plan amendments [4] (1) 0  
Accumulated benefit obligation 31 35  
Funded Status at December 31 [5],[6] $ 22 $ 22  
Weighted-average assumptions, discount rate, percent 2.79% 2.43%  
Healthcare cost trend rate assumed for next year   6.00%  
Rate to which the healthcare cost trend rate is assumed to decline (the ultimate trend rate), percent 4.50% 4.50% 4.50%
Year when healthcare cost trend rate reaches the ultimate trend rate   2027  
Actuarial net loss [7] $ (11) $ (9)  
Prior service credit [7] 2 1  
Balance at December 31 [7] $ (9) $ (8)  
[1] Balances at beginning and end of period, net of tax, and changes for the years ended December 31, 2020 and 2019 have been recast to reflect the retrospective application of the Corporation's election to change the accounting method for certain components of the qualified defined benefit pension plan as of January 1, 2021. Refer to Note 1 for further information.
[2] Recast to reflect the retrospective application of the Corporation's election to change the accounting method for certain components of defined pension benefit credit, effective January 1, 2021. For 2020, expected return on plan assets increased $14 million and amortization of net loss was reduced by $16 million, resulting in an increase of $30 million to total other components of net benefit credit. For 2019, expected return on plan assets increased $6 million, resulting in a corresponding increase to total other components of net benefit credit.
[3] Included in salaries and benefits expense on the Consolidated Statements of Income.
[4] The qualified defined benefit pension plan was amended in 2021 to include a flat dollar benefit for specified participants that would otherwise have been payable from the non-qualified defined benefit pension plan, resulting in a shift in projected benefit obligation from the non-qualified plan to the qualified plan.
[5] Based on projected benefit obligation for defined benefit pension plans and accumulated benefit obligation for postretirement benefit plan.
[6] The Corporation recognizes the overfunded and underfunded status of the plans in accrued income and other assets and accrued expenses and other liabilities, respectively, on the Consolidated Balance Sheets.
[7] The qualified defined benefit pension plan for the year ending December 31, 2020 has been recast to reflect the retrospective application of the Corporation's election to change the accounting method for certain components of defined pension benefit credit, effective January 1, 2021. For further information, refer to Note 1.