Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

 Note 8  Accumulated Other Comprehensive Income (Loss)

Shareholders’ equity is affected by transactions and valuations of asset and liability positions that require adjustments to accumulated other comprehensive income (loss). The reconciliation of the transactions affecting accumulated other comprehensive income (loss) included in shareholders’ equity for the three months ended March 31, is as follows:

(Dollars in Millions)	Unrealized Gains (Losses) on Securities Available-For- Sale			Unrealized Gains (Losses) on Securities Transferred  From Available-For-Sale to Held-To- Maturity			Unrealized Gains (Losses) on Derivative Hedges			Unrealized Gains (Losses) on Retirement Plans			Foreign Currency Translation			Total
2015
Balance at beginning of period	$	392		$	52		$	(172	)	$	(1,106	)	$	(62	)	$	(896	)
Changes in unrealized gains and losses		208			—			(28	)		—			—			180
Foreign currency translation adjustment		—			—			—			—			17			17
Reclassification to earnings of realized gains and losses		—			(7	)		50			56			—			99
Applicable income taxes		(80	)		3			(8	)		(22	)		(7	)		(114	)
Balance at end of period	$	520		$	48		$	(158	)	$	(1,072	)	$	(52	)	$	(714	)
2014
Balance at beginning of period	$	(77	)	$	70		$	(261	)	$	(743	)	$	(60	)	$	(1,071	)
Changes in unrealized gains and losses		301			—			(11	)		—			—			290
Foreign currency translation adjustment		—			—			—			—			(4	)		(4	)
Reclassification to earnings of realized gains and losses		(5	)		(7	)		49			36			—			73
Applicable income taxes		(113	)		3			(15	)		(14	)		1			(138	)
Balance at end of period	$	106		$	66		$	(238	)	$	(721	)	$	(63	)	$	(850	)

Additional detail about the impact to net income for items reclassified out of accumulated other comprehensive income (loss) and into earnings for the three months ended March 31, is as follows:

	Impact to Net Income						Affected Line Item in the Consolidated Statement of Income
(Dollars in Millions)	2015			2014
Unrealized gains (losses) on securities available-for-sale
Realized gains (losses) on sale of securities	$	—		$	5		Total securities gains (losses), net
		—			(2	)	Applicable income taxes
		—			3		Net-of-tax
Unrealized gains (losses) on securities transferred from available-for-sale to held-to-maturity
Amortization of unrealized gains		7			7		Interest income
		(3	)		(3	)	Applicable income taxes
		4			4		Net-of-tax
Unrealized gains (losses) on derivative hedges
Realized gains (losses) on derivative hedges		(50	)		(49	)	Net interest income
		19			19		Applicable income taxes
		(31	)		(30	)	Net-of-tax
Unrealized gains (losses) on retirement plans
Actuarial gains (losses), prior service cost (credit) and transition obligation (asset) amortization		(56	)		(36	)	Employee benefits expense
		22			14		Applicable income taxes
		(34	)		(22	)	Net-of-tax
Total impact to net income	$	(61	)	$	(45	)