The following table presents changes in accumulated other comprehensive income (loss) balances.



Three Months Ended March 31,	2017			2016
	(in millions)
Unrealized gains (losses) on fair value option debt attributable to credit:
Balance at beginning of period, as previously reported	$	—		$	—
Cumulative effect adjustment to initially apply new accounting guidance for fair value option debt attributable to credit, net of tax of $(11) million and $- million, respectively⁽¹⁾	(19		)	—
Balance at beginning of period, adjusted	(19		)	—
Other comprehensive loss for period:
Net loss arising during period, net of tax of $(3) million and $- million, respectively	(5		)	—
Total other comprehensive loss for period	(5		)	—
Balance at end of period	(24		)	—
Unrealized gains (losses) on cash flow hedging instruments:
Balance at beginning of period	—			(15		)
Other comprehensive income for period:
Net gains arising during period, net of tax of $- million and $4 million, respectively	—			7
Reclassification adjustment for losses realized in net income, net of tax of $- million and $2 million, respectively⁽²⁾	—			1
Total other comprehensive income for period	—			8
Balance at end of period	—			(7		)
Pension and postretirement benefit plan liability:
Balance at beginning of period	24			29
Other comprehensive loss for period:
Reclassification adjustment for (gains) losses realized in net income, net of tax of $(1) million and $(1) million, respectively⁽³⁾	(1		)	(1		)
Total other comprehensive loss for period	(1		)	(1		)
Balance at end of period	23			28
Total accumulated other comprehensive income (loss) at end of period	$	(1	)	$	21


⁽¹⁾	For information on the adoption of new accounting guidance related to fair value option debt attributable to our credit spreads, see Note 13, "New Accounting Pronouncements."


⁽²⁾	The amounts reclassified relate to currency swaps and are included as a component of interest expense in our consolidated statement of income (loss).


⁽³⁾	The amounts reclassified are included as a component of salaries and employee benefits in our consolidated statement of income (loss).