Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Reconciliation of Transactions Affecting Accumulated Other Comprehensive Income (Loss) Included in Shareholders' Equity

The reconciliation of the transactions affecting accumulated other comprehensive income (loss) included in shareholders’ equity is as follows:

Three Months Ended September 30, (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	$	301		$	43		$	(125	)	$	(1,037	)	$	(47	)	$	(865	)
Changes in unrealized gains and losses		202			–			(38	)		–			–			164
Foreign currency translation adjustment (a)		–			–			–			–			(28	)		(28	)
Reclassification to earnings of realized gains and losses		1			(6	)		48			55			–			98
Applicable income taxes		(78	)		2			(4	)		(21	)		11			(90	)
Balance at end of period	$	426		$	39		$	(119	)	$	(1,003	)	$	(64	)	$	(721	)
2014
Balance at beginning of period	$	233		$	60		$	(225	)	$	(699	)	$	(51	)	$	(682	)
Changes in unrealized gains and losses		(21	)		–			16			–			–			(5	)
Foreign currency translation adjustment (a)		–			–			–			–			4			4
Reclassification to earnings of realized gains and losses		3			(7	)		45			35			–			76
Applicable income taxes		7			3			(23	)		(14	)		(2	)		(29	)
Balance at end of period	$	222		$	56		$	(187	)	$	(678	)	$	(49	)	$	(636	)

(a) Represents the impact of changes in foreign currency exchange rates on the Company’s investment in foreign operations and related hedges.

Nine Months Ended September 30, (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		54			–			(61	)		–			–			(7	)
Foreign currency translation adjustment (a)		–			–			–			–			(3	)		(3	)
Reclassification to earnings of realized gains and losses		1			(20	)		147			167			–			295
Applicable income taxes		(21	)		7			(33	)		(64	)		1			(110	)
Balance at end of period	$	426		$	39		$	(119	)	$	(1,003	)	$	(64	)	$	(721	)
2014
Balance at beginning of period	$	(77	)	$	70		$	(261	)	$	(743	)	$	(60	)	$	(1,071	)
Changes in unrealized gains and losses		486			–			(19	)		–			–			467
Other-than-temporary impairment not recognized in earnings on securities available-for-sale		1			–			–			–			–			1
Foreign currency translation adjustment (a)		–			–			–			–			18			18
Reclassification to earnings of realized gains and losses		(2	)		(23	)		139			107			–			221
Applicable income taxes		(186	)		9			(46	)		(42	)		(7	)		(272	)
Balance at end of period	$	222		$	56		$	(187	)	$	(678	)	$	(49	)	$	(636	)

(a) Represents the impact of changes in foreign currency exchange rates on the Company’s investment in foreign operations and related hedges.

Impact to Net Income for Items Reclassified out of Accumulated Other Comprehensive Income and into Earnings

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

	Impact to Net Income												Affected Line Item in the Consolidated Statement of Income
	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in Millions)	2015			2014			2015			2014
Unrealized gains (losses) on securities available-for-sale
Realized gains (losses) on sale of securities	$	–		$	–		$	–		$	8		Total securities gains (losses), net
Other-than-temporary impairment recognized in earnings		(1	)		(3	)		(1	)		(6	)
		(1	)		(3	)		(1	)		2		Total before tax
		–			1			–			(1	)	Applicable income taxes
		(1	)		(2	)		(1	)		1		Net-of-tax
Unrealized gains (losses) on securities transferred from available-for-sale to held-to-maturity
Amortization of unrealized gains		6			7			20			23		Interest income
		(2	)		(3	)		(7	)		(9	)	Applicable income taxes
		4			4			13			14		Net-of-tax
Unrealized gains (losses) on derivative hedges
Realized gains (losses) on derivative hedges		(48	)		(45	)		(147	)		(139	)	Net interest income
		19			17			57			53		Applicable income taxes
		(29	)		(28	)		(90	)		(86	)	Net-of-tax
Unrealized gains (losses) on retirement plans
Actuarial gains (losses) and prior service cost (credit) amortization		(55	)		(35	)		(167	)		(107	)	Employee benefits expense
		21			14			64			42		Applicable income taxes
		(34	)		(21	)		(103	)		(65	)	Net-of-tax
Total impact to net income	$	(60	)	$	(47	)	$	(181	)	$	(136	)