Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2013

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

19. Accumulated Other Comprehensive Income

The activity of the components of other comprehensive income and accumulated other comprehensive income for the three months ended September 30, 2013 and 2012 was as follows:
			Total Other			Total Accumulated Other
			Comprehensive Income			Comprehensive Income
			Pretax	Tax	Net	Beginning	Net	Ending
($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
September 30, 2013
Unrealized holding gains on available-for-sale securities arising
	during period	$	106	(37)	69
Reclassification adjustment for net gains included in net income			(5)	1	(4)
Net unrealized gains on available-for-sale securities			101	(36)	65	203	65	268
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		(6)	2	(4)
Net unrealized gains on cash flow hedge derivatives			3	(1)	2	29	2	31
Defined benefit plans:
	Net actuarial loss		3	(1)	2
Defined benefit plans, net			3	(1)	2	(83)	2	(81)
Total		$	107	(38)	69	149	69	218

			Total Other			Total Accumulated Other
			Comprehensive Income			Comprehensive Income
			Pretax	Tax	Net	Beginning	Net	Ending
($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
September 30, 2012
Unrealized holding gains on available-for-sale securities arising
	during period	$	33	(11)	22
Reclassification adjustment for net gains included in net income			(6)	2	(4)
Net unrealized gains on available-for-sale securities			27	(9)	18	476	18	494
Unrealized holding gains on cash flow hedge derivatives arising
	during period		10	(2)	8
Reclassification adjustment for net gains on cash flow
	hedge derivatives included in net income		(22)	8	(14)
Net unrealized gains on cash flow hedge derivatives			(12)	6	(6)	68	(6)	62
Defined benefit plans:
	Net actuarial loss		3	(1)	2
Defined benefit plans, net			3	(1)	2	(90)	2	(88)
Total		$	18	(4)	14	454	14	468

The activity of the components of other comprehensive income and accumulated other comprehensive income for the nine months ended September 30, 2013 and 2012 was as follows:
			Total Other			Total Accumulated Other
			Comprehensive Income			Comprehensive Income
			Pretax	Tax	Net	Beginning	Net	Ending
($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
September 30, 2013
Unrealized holding losses on available-for-sale securities arising
	during period	$	(274)	96	(178)
Reclassification adjustment for net losses included in net income			53	(19)	34
Net unrealized gains on available-for-sale securities			(221)	77	(144)	412	(144)	268
Unrealized holding gains on cash flow hedge derivatives arising
	during period		8	(3)	5
Reclassification adjustment for net gains on cash flow
	hedge derivatives included in net income		(37)	13	(24)
Net unrealized gains on cash flow hedge derivatives			(29)	10	(19)	50	(19)	31
Defined benefit plans:
	Net actuarial loss		9	(3)	6
Defined benefit plans, net			9	(3)	6	(87)	6	(81)
Total		$	(241)	84	(157)	375	(157)	218

			Total Other			Total Accumulated Other
			Comprehensive Income			Comprehensive Income
			Pretax	Tax	Net	Beginning	Net	Ending
($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
September 30, 2012
Unrealized holding gains on available-for-sale securities arising
	during period	$	29	(10)	19
Reclassification adjustment for net gains included in net income			(16)	6	(10)
Net unrealized gains on available-for-sale securities			13	(4)	9	485	9	494
Unrealized holding gains on cash flow hedge derivatives arising
	during period		35	(12)	23
Reclassification adjustment for net gains on cash flow
	hedge derivatives included in net income		(63)	22	(41)
Net unrealized gains on cash flow hedge derivatives			(28)	10	(18)	80	(18)	62
Defined benefit plans:
	Net actuarial loss		11	(4)	7
Defined benefit plans, net			11	(4)	7	(95)	7	(88)
Total		$	(4)	2	(2)	470	(2)	468

The table below presents reclassifications out of accumulated other comprehensive income for the three months ended September 30, 2013:
			Amount Reclassified	Affected Line Item in the Condensed
Components of AOCI: ($ in millions)			from AOCI(b)	Consolidated Statements of Income
Net unrealized gains on available-for-sale securities
	Net gains included in net income	$	5	Securities gains, net
			5	Income before income taxes
			(1)	Applicable income tax expense
			4	Net income
Net unrealized gains on cash flow hedge derivatives
	Interest rate contracts related to C&I loans		6	Interest and fees on loans and leases
			6	Income before income taxes
			(2)	Applicable income tax expense
			4	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		$	6	Net income

The table below presents reclassifications out of accumulated other comprehensive income for the nine months ended September 30, 2013:
			Amount Reclassified	Affected Line Item in the Condensed
Components of AOCI: ($ in millions)			from AOCI(b)	Consolidated Statements of Income
Net unrealized gains on available-for-sale securities
	Net losses included in net income	$	(53)	Securities gains, net
			(53)	Income before income taxes
			19	Applicable income tax expense
			(34)	Net income
Net unrealized gains on cash flow hedge derivatives
	Interest rate contracts related to C&I loans		38	Interest and fees on loans and leases
	Interest rate contracts related to long-term debt		(1)	Interest on long-term debt
			37	Income before income taxes
			(13)	Applicable income tax expense
			24	Net income
Amortization of defined benefit pension items
	Net actuarial loss		(9)	(a)
			(9)	Income before income taxes
			3	Applicable income tax expense
			(6)	Net income
Total reclassifications for the period		$	(16)	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.
• Amounts in parentheses indicate reductions to net income