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Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2013
Activity of the Components of Other Comprehensive Income and Accumulated Other Comprehensive Income
The activity of the components of other comprehensive income and accumulated other comprehensive income for the three months ended March 31, 2013 and 2012 was as follows:
               
   Total Other Total Accumulated Other 
   Comprehensive Income Comprehensive Income 
   PretaxTaxNetBeginningNetEnding
($ in millions) ActivityEffectActivityBalanceActivityBalance
2013             
Unrealized holding losses on available-for-sale securities arising              
 during period$(56) 20 (36)       
Reclassification adjustment for net losses included in net income 7 (2) 5       
Net unrealized gains on available-for-sale securities (49) 18 (31) 412 (31) 381 
               
Unrealized holding gains on cash flow hedge derivatives arising             
 during period 1 0 1       
Reclassification adjustment for net gains on cash flow             
 hedge derivatives included in net income (21) 7 (14)       
Net unrealized gains on cash flow hedge derivatives (20) 7 (13) 50 (13) 37 
               
Defined benefit plans:             
 Net actuarial loss 3 (1) 2       
Defined benefit plans, net 3 (1) 2 (87) 2 (85) 
Total$(66) 24 (42) 375 (42) 333 

               
   Total Other Total Accumulated Other 
   Comprehensive Income Comprehensive Income 
   PretaxTaxNetBeginningNetEnding
($ in millions) ActivityEffectActivityBalanceActivityBalance
2012             
Unrealized holding gains on available-for-sale securities arising              
 during period$10 (3) 7       
Reclassification adjustment for net gains included in net income (7) 2 (5)       
Net unrealized gains on available-for-sale securities 3 (1) 2 485 2 487 
               
Unrealized holding gains on cash flow hedge derivatives arising             
 during period 9 (3) 6       
Reclassification adjustment for net gains on cash flow             
 hedge derivatives included in net income (20) 7 (13)       
Net unrealized gains on cash flow hedge derivatives (11) 4 (7) 80 (7) 73 
               
Defined benefit plans:             
 Net actuarial loss 4 (1) 3       
Defined benefit plans, net 4 (1) 3 (95) 3 (92) 
Total$(4) 2 (2) 470 (2) 468 
Reclassification Out of Accumulated Other Comprehensive Income to Net Income
The table below presents reclassifications out of accumulated other comprehensive income for the three months ended March 31, 2013:
       
    Amount Reclassified Affected Line Item in the Condensed
Components of AOCI: ($ in millions)  from AOCI Consolidated Statements of Income
       
Net unrealized gains on available-for-sale securities     
 Net losses included in net income $(7) Securities gains, net
    (7) Income before income taxes
    2 Applicable income tax expense
    (5) Net income
       
Net unrealized gains on cash flow hedge derivatives     
 Interest rate contracts related to C&I loans  22 Interest and fees on loans and leases
 Interest rate contracts related to long-term debt  (1) Interest on long-term debt
    21 Income before income taxes
    (7) Applicable income tax expense
    14 Net income
       
Amortization of defined benefit pension items      
 Net actuarial loss  (3) (a)
    (3) Income before income taxes
    1 Applicable income tax expense
    (2) Net income
       
Total reclassifications for the period $7 Net income

  • This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 20 in the Bancorp's Annual Report on Form 10-K for the year ended December 31, 2012 for information on the computation of net periodic benefit cost.