8. Comprehensive 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 losses, net					(230,135	)		—			—			(230,135	)			60,494			(169,641	)
Foreign currency translation adjustment					—			—			(1,783	)		(1,783	)			374			(1,409	)
Unrealized losses on cash flow hedges					—			—			(26,522	)		(26,522	)			6,972			(19,550	)
Total other comprehensive income (loss) before reclassifications					(230,135	)		—			(28,305	)		(258,440	)			67,840			(190,600	)
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Amortization of unrealized holding losses on held-to-maturity (“HTM”) securities					2,519			—			—			2,519		(c)		(662	)		1,857
Gains realized in net income					(18	)		—			—			(18	)	(d)		4			(14	)
Accretion of net gain on terminated cash flow hedges					—			—			(83	)		(83	)	(e)		22			(61	)
Net yield adjustment from cash flow hedges currently in effect					—			—			7,650			7,650		(e)		(2,011	)		5,639
Amortization of prior service credit					—			(3,129	)		—			(3,129	)	(f)		823			(2,306	)
Amortization of actuarial losses					—			32,225			—			32,225		(f)		(8,472	)		23,753
Total other comprehensive income (loss)					(227,634	)		29,096			(20,738	)		(219,276	)			57,544			(161,732	)
Balance — September 30, 2018				$	(310,386	)		(384,072	)		(40,903	)	$	(735,361	)			192,962		$	(542,399	)

	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		(7,365	)		60,586			—			—			53,221				(20,934	)		32,287
Foreign currency translation adjustment		—			—			—			3,829			3,829				(1,340	)		2,489
Unrealized losses on cash flow hedges		—			—			—			(1,076	)		(1,076	)			424			(652	)
Total other comprehensive income (loss) before reclassifications		(7,365	)		60,586			—			2,753			55,974				(21,850	)		34,124
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Amortization of unrealized holding losses on HTM securities		—			2,535			—			—			2,535		(c)		(998	)		1,537
(Gains) losses realized in net income		(50	)		67			—			—			17		(d)		(7	)		10
Accretion of net gain on terminated cash flow hedges		—			—			—			(109	)		(109	)	(e)		43			(66	)
Net yield adjustment from cash flow hedges currently in effect		—			—			—			(2,275	)		(2,275	)	(e)		895			(1,380	)
Amortization of prior service credit		—			—			(601	)		—			(601	)	(f)		236			(365	)
Amortization of actuarial losses		—			—			21,206			—			21,206		(f)		(8,345	)		12,861
Total other comprehensive income (loss)		(7,415	)		63,188			20,605			369			76,747				(30,026	)		46,721
Balance — September 30, 2017	$	39,310			(10,597	)		(429,312	)		(7,899	)	$	(408,498	)			160,583		$	(247,915	)

(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. Separate presentation of investment securities with an other-than-temporary impairment charge is no longer required.

(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

8. Comprehensive income, continued

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		(167,798	)		21,447			(15,381	)		(161,732	)
Balance — September 30, 2018	$	(228,801	)		(283,099	)		(30,499	)	$	(542,399	)