XML 42 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Comprehensive income (Tables)
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Components of Other Comprehensive Income (Loss) and Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Net Income

The following tables display the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income: 

 

 

 

 

 

 

Investment

 

 

Defined Benefit

 

 

 

 

 

 

Total

Amount

 

 

 

Income

 

 

 

 

 

 

 

 

 

 

 

Securities (a)

 

 

Plans

 

 

Other

 

 

Before Tax

 

 

 

Tax

 

 

Net

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance — January 1, 2018

 

 

 

 

 

$

(59,957

)

 

 

(413,168

)

 

 

(20,165

)

 

$

(493,290

)

 

 

 

129,476

 

 

$

(363,814

)

Cumulative effect of change in accounting principle — equity

    securities

 

 

 

 

 

 

(22,795

)

 

 

 

 

 

 

 

 

(22,795

)

 

 

 

5,942

 

 

 

(16,853

)

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains (losses), net

 

 

 

 

 

 

(187,989

)

 

 

 

 

 

 

 

 

(187,989

)

 

 

 

49,414

 

 

 

(138,575

)

Foreign currency translation adjustment

 

 

 

 

 

 

 

 

 

 

 

 

(1,448

)

 

 

(1,448

)

 

 

 

304

 

 

 

(1,144

)

Unrealized losses on cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

(21,065

)

 

 

(21,065

)

 

 

 

5,538

 

 

 

(15,527

)

Total other comprehensive income (loss) before

   reclassifications

 

 

 

 

 

 

(187,989

)

 

 

 

 

 

(22,513

)

 

 

(210,502

)

 

 

 

55,256

 

 

 

(155,246

)

Amounts reclassified from accumulated other

   comprehensive income that (increase) decrease

   net income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of unrealized holding losses on

   held-to-maturity (“HTM”) securities

 

 

 

 

 

 

1,590

 

 

 

 

 

 

 

 

 

1,590

 

(c)

 

 

(418

)

 

 

1,172

 

Gains realized in net income

 

 

 

 

 

 

(18

)

 

 

 

 

 

 

 

 

(18

)

(d)

 

 

4

 

 

 

(14

)

Accretion of net gain on terminated cash

   flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

(56

)

 

 

(56

)

(e)

 

 

15

 

 

 

(41

)

Net yield adjustment from cash flow

   hedges currently in effect

 

 

 

 

 

 

 

 

 

 

 

 

3,469

 

 

 

3,469

 

(e)

 

 

(912

)

 

 

2,557

 

Amortization of prior service credit

 

 

 

 

 

 

 

 

 

(2,086

)

 

 

 

 

 

(2,086

)

(f)

 

 

549

 

 

 

(1,537

)

Amortization of actuarial losses

 

 

 

 

 

 

 

 

 

21,483

 

 

 

 

 

 

21,483

 

(f)

 

 

(5,648

)

 

 

15,835

 

Total other comprehensive income (loss)

 

 

 

 

 

 

(186,417

)

 

 

19,397

 

 

 

(19,100

)

 

 

(186,120

)

 

 

 

48,846

 

 

 

(137,274

)

Balance — June 30, 2018

 

 

 

 

 

$

(269,169

)

 

 

(393,771

)

 

 

(39,265

)

 

$

(702,205

)

 

 

 

184,264

 

 

$

(517,941

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment Securities

 

 

Defined

Benefit

 

 

 

 

 

 

Total

Amount

 

 

 

Income

 

 

 

 

 

 

 

With OTTI (b)

 

 

All Other

 

 

Plans

 

 

Other

 

 

Before Tax

 

 

 

Tax

 

 

Net

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance — January 1, 2017

 

$

46,725

 

 

 

(73,785

)

 

 

(449,917

)

 

 

(8,268

)

 

$

(485,245

)

 

 

 

190,609

 

 

$

(294,636

)

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains (losses), net

 

 

(13,802

)

 

 

37,728

 

 

 

 

 

 

 

 

 

23,926

 

 

 

 

(9,404

)

 

 

14,522

 

Foreign currency translation adjustment

 

 

 

 

 

 

 

 

 

 

 

2,502

 

 

 

2,502

 

 

 

 

(876

)

 

 

1,626

 

Unrealized losses on cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

(441

)

 

 

(441

)

 

 

 

174

 

 

 

(267

)

Total other comprehensive income (loss) before

   reclassifications

 

 

(13,802

)

 

 

37,728

 

 

 

 

 

 

2,061

 

 

 

25,987

 

 

 

 

(10,106

)

 

 

15,881

 

Amounts reclassified from accumulated other

   comprehensive income that (increase) decrease

   net income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of unrealized holding losses on

   HTM securities

 

 

 

 

 

1,721

 

 

 

 

 

 

 

 

 

1,721

 

(c)

 

 

(677

)

 

 

1,044

 

(Gains) losses realized in net income

 

 

(50

)

 

 

67

 

 

 

 

 

 

 

 

 

17

 

(d)

 

 

(7

)

 

 

10

 

Accretion of net gain on terminated cash

   flow hedges

 

 

 

 

 

 

 

 

 

 

 

(78

)

 

 

(78

)

(e)

 

 

31

 

 

 

(47

)

Net yield adjustment from cash flow

   hedges currently in effect

 

 

 

 

 

 

 

 

 

 

 

(1,094

)

 

 

(1,094

)

(e)

 

 

430

 

 

 

(664

)

Amortization of prior service credit

 

 

 

 

 

 

 

 

(400

)

 

 

 

 

 

(400

)

(f)

 

 

157

 

 

 

(243

)

Amortization of actuarial losses

 

 

 

 

 

 

 

 

14,137

 

 

 

 

 

 

14,137

 

(f)

 

 

(5,563

)

 

 

8,574

 

Total other comprehensive income (loss)

 

 

(13,852

)

 

 

39,516

 

 

 

13,737

 

 

 

889

 

 

 

40,290

 

 

 

 

(15,735

)

 

 

24,555

 

Balance — June 30, 2017

 

$

32,873

 

 

 

(34,269

)

 

 

(436,180

)

 

 

(7,379

)

 

$

(444,955

)

 

 

 

174,874

 

 

$

(270,081

)

(a)

Beginning January 1, 2018, equity securities with readily determinable fair values are required to be measured at fair value with changes in fair value recognized in the income statement. All investment securities with an other-than-temporary impairment charge are within scope of the adopted accounting guidance and no longer require separate presentation.

(b)

Other-than-temporary impairment

(c)

Included in interest income

(d)

Included in gain (loss) on bank investment securities

(e)

Included in interest expense

(f)

Included in other costs of operations

Accumulated Other Comprehensive Income (Loss), Net

Accumulated other comprehensive income (loss), net consisted of the following:

 

 

 

Investment

 

 

Defined

Benefit

 

 

 

 

 

 

 

 

 

 

 

Securities

 

 

Plans

 

 

Other

 

 

Total

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance — December 31, 2017

 

$

(44,150

)

 

 

(304,546

)

 

 

(15,118

)

 

$

(363,814

)

Cumulative effect of change in accounting principle — equity securities

 

 

(16,853

)

 

 

 

 

 

 

 

 

(16,853

)

Net gain (loss) during period

 

 

(137,417

)

 

 

14,298

 

 

 

(14,155

)

 

 

(137,274

)

Balance — June 30, 2018

 

$

(198,420

)

 

 

(290,248

)

 

 

(29,273

)

 

$

(517,941

)