Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2014

Accumulated Other Comprehensive Income

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, 2014 and 2013 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
March 31, 2014
Unrealized holding gains on available-for-sale securities arising
	during period	$	173	(60)	113
Reclassification adjustment for net gains included in net income			(5)	2	(3)
Net unrealized gains on available-for-sale securities			168	(58)	110	121	110	231
Unrealized holding gains on cash flow hedge derivatives arising
	during period		15	(5)	10
Reclassification adjustment for net gains on cash flow
	hedge derivatives included in net income		(10)	3	(7)
Net unrealized gains on cash flow hedge derivatives			5	(2)	3	13	3	16
Reclassification of amounts to net periodic benefit costs			2	(1)	1
Defined benefit plans, net			2	(1)	1	(52)	1	(51)
Total		$	175	(61)	114	82	114	196

			Total Other			Total Accumulated Other
			Comprehensive Income			Comprehensive Income
			Pretax	Tax	Net	Beginning	Net	Ending
($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
March 31, 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	-	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
Reclassification of amounts to net periodic benefit costs			3	(1)	2
Defined benefit plans, net			3	(1)	2	(87)	2	(85)
Total		$	(66)	24	(42)	375	(42)	333

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, 2014:
			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
			(2)	Applicable income tax expense
			3	Net income
Net unrealized gains on cash flow hedge derivatives
	Interest rate contracts related to C&I loans		10	Interest and fees on loans and leases
			10	Income before income taxes
			(3)	Applicable income tax expense
			7	Net income
Net periodic benefit costs
	Amortization of net actuarial loss		(2)	Employee benefits expense(a)
			(2)	Income before income taxes
			1	Applicable income tax expense
			(1)	Net income
Total reclassifications for the period		$	9	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(b)	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
Net periodic benefit costs
	Amortization of net actuarial loss		(3)	Employee benefits expense (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 21 in the Bancorp's Annual Report on Form 10-K for the year ended December 31, 2013 for information on the computation of net periodic benefit cost.
• Amounts in parentheses indicate reductions to net income