Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2017

Accumulated Other Comprehensive Income

Activity of the Components of Other Comprehensive Income and Accumulated Other Comprehensive Income

The tables below present the activity of the components of OCI and AOCI for the three months ended:
			Total OCI			Total AOCI
			Pretax	Tax	Net	Beginning	Net	Ending
June 30, 2017 ($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
Unrealized holding gains on available-for-sale securities arising
	during period	$	148	(55)	93
Reclassification adjustment for net gains on available-for-sale
	securities included in net income		-	-	-
Net unrealized gains on available-for-sale securities			148	(55)	93	117	93	210
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		(6)	2	(4)
Net unrealized gains on cash flow hedge derivatives			2	(1)	1	2	1	3
Reclassification of amounts to net periodic benefit costs			2	(1)	1
Defined benefit pension plans, net			2	(1)	1	(51)	1	(50)
Total		$	152	(57)	95	68	95	163

			Total OCI			Total AOCI
			Pretax	Tax	Net	Beginning	Net	Ending
June 30, 2016 ($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
Unrealized holding gains on available-for-sale securities arising
	during period	$	309	(109)	200
Reclassification adjustment for net gains on available-for-sale
	securities included in net income		(8)	2	(6)
Net unrealized gains on available-for-sale securities			301	(107)	194	685	194	879
Unrealized holding gains on cash flow hedge derivatives arising
	during period		26	(9)	17
Reclassification adjustment for net gains on cash flow hedge
	derivatives included in net income		(12)	4	(8)
Net unrealized gains on cash flow hedge derivatives			14	(5)	9	61	9	70
Reclassification of amounts to net periodic benefit costs			3	(1)	2
Defined benefit pension plans, net			3	(1)	2	(62)	2	(60)
Total		$	318	(113)	205	684	205	889

The tables below present the activity of the components of OCI and AOCI for the six months ended:
			Total OCI			Total AOCI
			Pretax	Tax	Net	Beginning	Net	Ending
June 30, 2017 ($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
Unrealized holding gains on available-for-sale securities arising
	during period	$	170	(62)	108
Reclassification adjustment for net losses on available-for-sale
	securities included in net income		2	(1)	1
Net unrealized gains on available-for-sale securities			172	(63)	109	101	109	210
Unrealized holding gains on cash flow hedge derivatives arising
	during period		3	(1)	2
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			(11)	4	(7)	10	(7)	3
Reclassification of amounts to net periodic benefit costs			3	(1)	2
Defined benefit pension plans, net			3	(1)	2	(52)	2	(50)
Total		$	164	(60)	104	59	104	163

			Total OCI			Total AOCI
			Pretax	Tax	Net	Beginning	Net	Ending
June 30, 2016 ($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
Unrealized holding gains on available-for-sale securities arising
	during period	$	1,004	(352)	652
Reclassification adjustment for net gains on available-for-sale
	securities included in net income		(16)	5	(11)
Net unrealized gains on available-for-sale securities			988	(347)	641	238	641	879
Unrealized holding gains on cash flow hedge derivatives arising
	during period		100	(35)	65
Reclassification adjustment for net gains on cash flow hedge
	derivatives included in net income		(26)	9	(17)
Net unrealized gains on cash flow hedge derivatives			74	(26)	48	22	48	70
Reclassification of amounts to net periodic benefit costs			5	(2)	3
Defined benefit pension plans, net			5	(2)	3	(63)	3	(60)
Total		$	1,067	(375)	692	197	692	889

Reclassification Out of Accumulated Other Comprehensive Income to Net Income

The table below presents reclassifications out of AOCI:
			For the three months		For the six months
	Condensed Consolidated		ended June 30,		ended June 30,
Components of AOCI: ($ in millions)	Statements of Income Caption		2017	2016	2017	2016
Net unrealized gains on available-for-sale securities:(b)
Net (losses) gains included in net income	Securities gains, net	$	-	8	(2)	16
	Income before income taxes		-	8	(2)	16
	Applicable income tax expense		-	(2)	1	(5)
	Net income		-	6	(1)	11
Net unrealized gains on cash flow hedge derivatives:(b)
Interest rate contracts related to C&I loans	Interest and fees on loans and leases		6	12	14	26
	Income before income taxes		6	12	14	26
	Applicable income tax expense		(2)	(4)	(5)	(9)
	Net income		4	8	9	17
Net periodic benefit costs:(b)
Amortization of net actuarial loss	Employee benefits expense(a)		(2)	(3)	(3)	(5)
	Income before income taxes		(2)	(3)	(3)	(5)
	Applicable income tax expense		1	1	1	2
	Net income		(1)	(2)	(2)	(3)
Total reclassifications for the period	Net income	$	3	12	6	25

• This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 21of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2016 for further information.
• Amounts in parentheses indicate reductions to net income.