Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 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 years ended December 31:

		Total OCI									Total AOCI
2019 ($ in millions)		Pre-tax Activity			Tax Effect			Net Activity			Beginning Balance			Net Activity			Ending Balance
Unrealized holding gains on available-for-sale debt securities arising during the year	$		1,369			(323	)		1,046
Reclassification adjustment for net gains on available-for-sale debt securities included in net income			(9	)		2			(7	)
Net unrealized gains on available-for-sale debt securities			1,360			(321	)		1,039			(227	)		1,039			812
Unrealized holding gains on cash flow hedge derivatives arising during the year			348			(73	)		275
Reclassification adjustment for net gains on cash flow hedge derivatives included in net income			(16	)		3			(13	)
Net unrealized gains on cash flow hedge derivatives			332			(70	)		262			160			262			422
Net actuarial loss arising during the year			(5	)		-			(5	)
Reclassification of amounts to net periodic benefit costs			9			(1	)		8
Defined benefit pension plans, net			4			(1	)		3			(45	)		3			(42	)
Total	$		1,696			(392	)		1,304			(112	)		1,304			1,192
		Total OCI									Total AOCI
2018 ($ in millions)		Pre-tax       Activity			Tax Effect			Net Activity			Beginning Balance			Net Activity			Ending Balance
Unrealized holding losses on available-for-sale debt securities arising during the year	$		(483	)		112			(371	)
Reclassification adjustment for net losses on available-for-sale debt securities included in net income			11			(2	)		9
Net unrealized losses on available-for-sale debt securities			(472	)		110			(362	)		135			(362	)		(227	)
Unrealized holding gains on cash flow hedge derivatives arising during the year			214			(45	)		169
Reclassification adjustment for net losses on cash flow hedge derivatives included in net income			2			-			2
Net unrealized gains on cash flow hedge derivatives			216			(45	)		171			(11	)		171			160
Net actuarial gain arising during the year			1			-			1
Reclassification of amounts to net periodic benefit costs			9			(2	)		7
Defined benefit pension plans, net			10			(2	)		8			(53	)		8			(45	)
Total	$		(246	)		63			(183	)		71			(183	)		(112	)
		Total OCI									Total AOCI
2017 ($ in millions)		Pre-tax Activity			Tax Effect			Net Activity			Beginning Balance			Net Activity			Ending Balance
Unrealized holding gains on available-for-sale securities arising during the year	$		14			7			21
Reclassification adjustment for net losses on available-for-sale securities included in net income			3			1			4
Net unrealized gains on available-for-sale securities			17			8			25			101			25			126
Unrealized holding losses on cash flow hedge derivatives arising during the year			(11	)		4			(7	)
Reclassification adjustment for net gains on cash flow hedge derivatives included in net income			(19	)		7			(12	)
Net unrealized losses on cash flow hedge derivatives			(30	)		11			(19	)		10			(19	)		(9	)
Net actuarial gain arising during the year			1			-			1
Reclassification of amounts to net periodic benefit costs			11			(4	)		7
Defined benefit pension plans, net			12			(4	)		8			(52	)		8			(44	)
Total	$		(1	)		15			14			59			14			73

Reclassification Out of Accumulated Other Comprehensive Income to Net Income

The table below presents reclassifications out of AOCI for the years ended December 31:

Components of AOCI: ($ in millions)	Consolidated Statements of Income Caption		2019			2018			2017
Net unrealized gains (losses) on available-for-sale debt securities:(b)
Net gains (losses) included in net income	Securities gains (losses), net	$		9			(11	)		(3)
	Income before income taxes			9			(11	)		(3)
	Applicable income tax expense			(2	)		2			(1)
	Net income			7			(9	)		(4)
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			16			(2	)		19
	Income before income taxes			16			(2	)		19
	Applicable income tax expense			(3	)		-			(7)
	Net income			13			(2	)		12
Net periodic benefit costs:(b)
Amortization of net actuarial loss	Employee benefits expense(a)			(6	)		(6	)		(7)
Settlements	Employee benefits expense(a)			(3	)		(3	)		(4)
	Income before income taxes			(9	)		(9	)		(11)
	Applicable income tax expense			1			2			4
	Net income			(8	)		(7	)		(7)
Total reclassifications for the period	Net income	$		12			(18	)		1

(a) This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 23 for information on the computation of net periodic benefit cost.

(b) Amounts in parentheses indicate reductions to net income.