Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2015

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

18. Accumulated Other Comprehensive Income

The tables below present the activity of the components of OCI and AOCI for the three months ended June 30, 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
June 30, 2015
Unrealized holding losses on available-for-sale securities arising
	during period	$	(436)	151	(285)
Reclassification adjustment for net losses on available-for-sale
	securities included in net income		6	(2)	4
Net unrealized gains on available-for-sale securities			(430)	149	(281)	608	(281)	327
Unrealized holding losses 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		(19)	6	(13)
Net unrealized gains on cash flow hedge derivatives			(27)	9	(18)	47	(18)	29
Reclassification of amounts to net periodic benefit costs			3	(1)	2
Defined benefit pension plans, net			3	(1)	2	(67)	2	(65)
Total		$	(454)	157	(297)	588	(297)	291

			Total Other			Total Accumulated Other
			Comprehensive Income			Comprehensive Income
			Pretax	Tax	Net	Beginning	Net	Ending
($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
June 30, 2014
Unrealized holding gains on available-for-sale securities arising
	during period	$	288	(100)	188
Reclassification adjustment for net gains on available-for-sale
	securities included in net income		(14)	5	(9)
Net unrealized gains on available-for-sale securities			274	(95)	179	231	179	410
Unrealized holding gains on cash flow hedge derivatives arising
	during period		19	(7)	12
Reclassification adjustment for net gains on cash flow hedge
	derivatives included in net income		(11)	5	(6)
Net unrealized gains on cash flow hedge derivatives			8	(2)	6	16	6	22
Reclassification of amounts to net periodic benefit costs			1	-	1
Defined benefit pension plans, net			1	-	1	(51)	1	(50)
Total		$	283	(97)	186	196	186	382

The tables below present the activity of the components of OCI and AOCI for the six months ended June 30, 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
June 30, 2015
Unrealized holding losses on available-for-sale securities arising
	during period	$	(221)	77	(144)
Reclassification adjustment for net gains on available-for-sale
	securities included in net income		(6)	2	(4)
Net unrealized gains on available-for-sale securities			(227)	79	(148)	475	(148)	327
Unrealized holding gains on cash flow hedge derivatives arising
	during period		44	(15)	29
Reclassification adjustment for net gains on cash flow hedge
	derivatives included in net income		(35)	12	(23)
Net unrealized gains on cash flow hedge derivatives			9	(3)	6	23	6	29
Reclassification of amounts to net periodic benefit costs			6	(2)	4
Defined benefit pension plans, net			6	(2)	4	(69)	4	(65)
Total		$	(212)	74	(138)	429	(138)	291

			Total Other			Total Accumulated Other
			Comprehensive Income			Comprehensive Income
			Pretax	Tax	Net	Beginning	Net	Ending
($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
June 30, 2014
Unrealized holding gains on available-for-sale securities arising
	during period	$	461	(160)	301
Reclassification adjustment for net gains on available-for-sale
	securities included in net income		(19)	7	(12)
Net unrealized gains on available-for-sale securities			442	(153)	289	121	289	410
Unrealized holding gains on cash flow hedge derivatives arising
	during period		34	(12)	22
Reclassification adjustment for net gains on cash flow hedge
	derivatives included in net income		(21)	8	(13)
Net unrealized gains on cash flow hedge derivatives			13	(4)	9	13	9	22
Reclassification of amounts to net periodic benefit costs			3	(1)	2
Defined benefit pension plans, net			3	(1)	2	(52)	2	(50)
Total		$	458	(158)	300	82	300	382

The table below presents reclassifications out of AOCI:
	Affected Line Item		For the three months		For the six months
	in the Condensed Consolidated		ended June 30,		ended June 30,
Components of AOCI: ($ in millions)	Statements of Income		2015	2014	2015	2014
Net unrealized gains on available-for-sale securities:(b)
Net gains (losses) included in net income	Securities gains, net	$	(6)	14	6	19
	Income before income taxes		(6)	14	6	19
	Applicable income tax expense		2	(5)	(2)	(7)
	Net income		(4)	9	4	12
Net unrealized gains on cash flow hedge derivatives:(b)
Interest rate contracts related to C&I loans	Interest and fees on loans and leases		19	11	35	21
	Income before income taxes		19	11	35	21
	Applicable income tax expense		(6)	(5)	(12)	(8)
	Net income		13	6	23	13
Net periodic benefit costs:(b)
Amortization of net actuarial loss	Employee benefits expense(a)		(3)	(1)	(6)	(3)
	Income before income taxes		(3)	(1)	(6)	(3)
	Applicable income tax expense		1	-	2	1
	Net income		(2)	(1)	(4)	(2)
Total reclassifications for the period	Net income	$	7	14	23	23

• 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.