Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

The tables below present the activity of the components of OCI and AOCI for the years ended December 31:

	Total OCI				Total AOCI
2021 ($ in millions)	Pre-tax Activity		Tax Effect	Net Activity	Beginning Balance	Net Activity	Ending Balance
Unrealized holding losses on available-for-sale debt securities     arising during the year	$	(1,366)	323	(1,043)
Reclassification adjustment for net losses on available-for-sale debt     securities included in net income	4		(1)	3
Net unrealized gains on available-for-sale debt securities	(1,362)		322	(1,040)	1,931	(1,040)	891
Unrealized holding losses on cash flow hedge derivatives arising     during the year	(185)		43	(142)
Reclassification adjustment for net gains on cash flow hedge     derivatives included in net income	(293)		70	(223)
Net unrealized gains on cash flow hedge derivatives	(478)		113	(365)	718	(365)	353
Net actuarial gain arising during the year	5		(1)	4
Reclassification of amounts to net periodic benefit costs	9		(2)	7
Defined benefit pension plans, net	14		(3)	11	(44)	11	(33)
Other	—		—	—	(4)	—	(4)
Total	$	(1,826)	432	(1,394)	2,601	(1,394)	1,207

	Total OCI				Total AOCI
2020 ($ in millions)	Pre-tax Activity		Tax Effect	Net Activity	Beginning Balance	Net Activity	Ending Balance
Unrealized holding gains on available-for-sale debt securities     arising during the year	$	1,514	(361)	1,153
Reclassification adjustment for net gains on available-for-sale debt     securities included in net income	(45)		11	(34)
Net unrealized gains on available-for-sale debt securities	1,469		(350)	1,119	812	1,119	1,931
Unrealized holding gains on cash flow hedge derivatives arising     during the year	611		(128)	483
Reclassification adjustment for net gains on cash flow hedge     derivatives included in net income	(237)		50	(187)
Net unrealized gains on cash flow hedge derivatives	374		(78)	296	422	296	718
Net actuarial loss arising during the year	(12)		3	(9)
Reclassification of amounts to net periodic benefit costs	9		(2)	7
Defined benefit pension plans, net	(3)		1	(2)	(42)	(2)	(44)
Other	(4)		—	(4)	—	(4)	(4)
Total	$	1,836	(427)	1,409	1,192	1,409	2,601

	Total OCI				Total AOCI
2019 ($ in millions)	Pre-tax Activity		Tax Effect	Net Activity	Beginning Balance	Net Activity	Ending Balance
Unrealized holding gains on available-for-sale debt securities     arising during the year	$	1,369	(323)	1,046
Reclassification adjustment for net gains on available-for-sale debt     securities included in net income	(9)		2	(7)
Net unrealized gains on available-for-sale debt securities	1,360		(321)	1,039	(227)	1,039	812
Unrealized holding gains on cash flow hedge derivatives arising     during the year	348		(73)	275
Reclassification adjustment for net gains on cash flow hedge     derivatives included in net income	(16)		3	(13)
Net unrealized gains on cash flow hedge derivatives	332		(70)	262	160	262	422
Net actuarial loss arising during the year	(5)		—	(5)
Reclassification of amounts to net periodic benefit costs	9		(1)	8
Defined benefit pension plans, net	4		(1)	3	(45)	3	(42)
Total	$	1,696	(392)	1,304	(112)	1,304	1,192

The table below presents reclassifications out of AOCI for the years ended December 31:

($ in millions)	Consolidated Statements of Income Caption	2021		2020	2019
Net unrealized gains on available-for-sale debt securities:(a)
Net (losses) gains included in net income	Securities (losses) gains, net	$	(4)	45	9
	Income before income taxes	(4)		45	9
	Applicable income tax expense	1		(11)	(2)
	Net income	(3)		34	7
Net unrealized gains on cash flow hedge derivatives:(a)
Interest rate contracts related to C&I, commercial mortgage and commercial construction loans	Interest and fees on loans and leases	293		237	16
	Income before income taxes	293		237	16
	Applicable income tax expense	(70)		(50)	(3)
	Net income	223		187	13
Net periodic benefit costs:(a)
Amortization of net actuarial loss	Compensation and benefits(b)	(6)		(6)	(6)
Settlements	Compensation and benefits(b)	(3)		(3)	(3)
	Income before income taxes	(9)		(9)	(9)
	Applicable income tax expense	2		2	1
	Net income	(7)		(7)	(8)
Total reclassifications for the period	Net income	$	213	214	12

(a)Amounts in parentheses indicate reductions to net income.

(b)This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 22 for information on the computation of net periodic benefit cost.