Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2019

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
March 31, 2019 ($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
Unrealized holding gains on available-for-sale debt securities
	arising during period	$	561	(131)	430
Reclassification adjustment for net losses on available-for-sale
	debt securities included in net income		1	-	1
Net unrealized gains on available-for-sale debt securities			562	(131)	431	(227)	431	204
Unrealized holding gains on cash flow hedge derivatives arising
	during period		110	(23)	87
Reclassification adjustment for net losses on cash flow hedge
	derivatives included in net income		2	-	2
Net unrealized gains on cash flow hedge derivatives			112	(23)	89	160	89	249
Reclassification of amounts to net periodic benefit costs			1	-	1
Defined benefit pension plans, net			1	-	1	(45)	1	(44)
Total		$	675	(154)	521	(112)	521	409

			Total OCI			Total AOCI
			Pretax	Tax	Net	Beginning	Net	Ending
March 31, 2018 ($ in millions)			Activity	Effect	Activity	Balance	Activity	Balance
Unrealized holding losses on available-for-sale debt securities
	arising during period	$	(594)	134	(460)
Reclassification adjustment for net losses on available-for-sale
	debt securities included in net income		9	(2)	7
Net unrealized losses on available-for-sale debt securities			(585)	132	(453)	135	(453)	(318)
Unrealized holding losses on cash flow hedge derivatives arising
	during period		(9)	2	(7)
Reclassification adjustment for net gains on cash flow hedge
	derivatives included in net income		(1)	-	(1)
Net unrealized losses on cash flow hedge derivatives			(10)	2	(8)	(11)	(8)	(19)
Reclassification of amounts to net periodic benefit costs			1	-	1
Defined benefit pension plans, net			1	-	1	(53)	1	(52)
Total		$	(594)	134	(460)	71	(460)	(389)

Reclassification Out of Accumulated Other Comprehensive Income to Net Income

The table below presents reclassifications out of AOCI:
				For the three months ended March 31,
		Consolidated Statements of
($ in millions)		Income Caption		2019	2018
Net unrealized gains (losses) on available-for-sale debt securities:(b)
	Net losses included in net income	Securities gains (losses), net	$	(1)	(9)
		Income before income taxes		(1)	(9)
		Applicable income tax expense		-	2
		Net income		(1)	(7)
Net unrealized gains (losses) on cash flow hedge derivatives:(b)
	Interest rate contracts related to C&I loans	Interest and fees on loans and leases		(2)	1
		Income before income taxes		(2)	1
		Applicable income tax expense		-	-
		Net income		(2)	1
Net periodic benefit costs:(b)
	Amortization of net actuarial loss	Employee benefits expense(a)		(1)	(1)
		Income before income taxes		(1)	(1)
		Applicable income tax expense		-	-
		Net income		(1)	(1)
Total reclassifications for the period		Net income	$	(4)	(7)

• This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 20of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2018 for further information.
• Amounts in parentheses indicate reductions to net income.