Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2015

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

17. Accumulated Other Comprehensive Income

The tables below present the activity of the components of OCI and AOCI for the three months ended March 31, 2015 and 2014:
			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, 2015
Unrealized holding gains on available-for-sale securities arising
	during period	$	215	(74)	141
Reclassification adjustment for net gains on available-for-sale
	securities included in net income		(12)	4	(8)
Net unrealized gains on available-for-sale securities			203	(70)	133	475	133	608
Unrealized holding gains on cash flow hedge derivatives arising
	during period		52	(18)	34
Reclassification adjustment for net gains on cash flow
	hedge derivatives included in net income		(16)	6	(10)
Net unrealized gains on cash flow hedge derivatives			36	(12)	24	23	24	47
Reclassification of amounts to net periodic benefit costs			3	(1)	2
Defined benefit pension plans, net			3	(1)	2	(69)	2	(67)
Total		$	242	(83)	159	429	159	588

			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 on available-for-sale
	securities 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 pension plans, net			2	(1)	1	(52)	1	(51)
Total		$	175	(61)	114	82	114	196

The table below presents reclassifications out of AOCI:
		Affected Line Item in the Condensed Consolidated Statements of Income		For the three months ended March 31,
Components of AOCI: ($ in millions)				2015	2014
Net unrealized gains on available-for-sale securities:(b)
	Net gains included in net income	Securities gains, net	$	12	5
		Income before income taxes		12	5
		Applicable income tax expense		(4)	(2)
		Net income		8	3
Net unrealized gains on cash flow hedge derivatives:(b)
	Interest rate contracts related to C&I loans	Interest and fees on loans and leases		16	10
		Income before income taxes		16	10
		Applicable income tax expense		(6)	(3)
		Net income		10	7
Net periodic benefit costs:(b)
	Amortization of net actuarial loss	Employee benefits expense(a)		(3)	(2)
		Income before income taxes		(3)	(2)
		Applicable income tax expense		1	1
		Net income		(2)	(1)
Total reclassifications for the period		Net income	$	16	9

• 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, 2014 for information on the computation of net periodic benefit cost.
• Amounts in parentheses indicate reductions to net income.