Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2016

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 March 31, 2016 and 2015:
			Total Other			Total Accumulated Other
			Comprehensive Income			Comprehensive Income
			Pretax	Tax	Net	Beginning	Net	Ending
March 31, 2016 ($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
Unrealized holding gains on available-for-sale securities arising
	during period	$	695	(243)	452
Reclassification adjustment for net gains on available-for-sale
	securities included in net income		(8)	3	(5)
Net unrealized gains on available-for-sale securities			687	(240)	447	238	447	685
Unrealized holding gains on cash flow hedge derivatives arising
	during period		74	(26)	48
Reclassification adjustment for net gains on cash flow hedge
	derivatives included in net income		(14)	5	(9)
Net unrealized gains on cash flow hedge derivatives			60	(21)	39	22	39	61
Reclassification of amounts to net periodic benefit costs			2	(1)	1
Defined benefit pension plans, net			2	(1)	1	(63)	1	(62)
Total		$	749	(262)	487	197	487	684

			Total Other			Total Accumulated Other
			Comprehensive Income			Comprehensive Income
			Pretax	Tax	Net	Beginning	Net	Ending
March 31, 2015 ($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
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

The table below presents reclassifications out of AOCI:
		Condensed Consolidated Statements of Income Caption		For the three months ended March 31,
Components of AOCI: ($ in millions)				2016	2015
Net unrealized gains on available-for-sale securities:(b)
	Net gains included in net income	Securities gains, net	$	8	12
		Income before income taxes		8	12
		Applicable income tax expense		(3)	(4)
		Net income		5	8
Net unrealized gains on cash flow hedge derivatives:(b)
	Interest rate contracts related to C&I loans	Interest and fees on loans and leases		14	16
		Income before income taxes		14	16
		Applicable income tax expense		(5)	(6)
		Net income		9	10
Net periodic benefit costs:(b)
	Amortization of net actuarial loss	Employee benefits expense(a)		(2)	(3)
		Income before income taxes		(2)	(3)
		Applicable income tax expense		1	1
		Net income		(1)	(2)
Total reclassifications for the period		Net income	$	13	16

• 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, 2015 for information on the computation of net periodic benefit cost.
• Amounts in parentheses indicate reductions to net income.