Components of Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2023

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income/(Loss)

The following table provides the changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended March 31, 2023 and 2022:

ACCUMULATED OTHER COMPREHENSIVE INCOME

(Dollars in millions)	Securities AFS		Cash Flow Hedges		Pension and Post-retirement Plans		Total
Balance as of January 1, 2023	$	(973)	$	(127)	$	(268)	$	(1,368)
Net unrealized gains (losses)	114		33		—		147
Amounts reclassified from AOCI	—		11		2		13
Other comprehensive income (loss)	114		44		2		160
Balance as of March 31, 2023	$	(859)	$	(83)	$	(266)	$	(1,208)

(Dollars in millions)	Securities AFS		Cash Flow Hedges		Pension and Post-retirement Plans		Total
Balance as of January 1, 2022	$	(36)	$	3	$	(255)	$	(288)
Net unrealized gains (losses)	(404)		(20)		—		(424)
Amounts reclassified from AOCI	—		(1)		1		—
Other comprehensive income (loss)	(404)		(21)		1		(424)
Balance as of March 31, 2022	$	(440)	$	(18)	$	(254)	$	(712)

Reclassification Out Of Accumulated Other Comprehensive Income

Reclassifications from AOCI, and related tax effects, were as follows:

RECLASSIFICATIONS FROM AOCI
(Dollars in millions)	Three Months Ended March 31,
Details about AOCI	2023		2022		Affected line item in the statement where net income is presented
Cash Flow Hedges:
Realized (gains) losses on cash flow hedges	$	15	$	(1)	Interest and fees on loans and leases
Tax expense (benefit)	(4)		—		Income tax expense
	11		(1)
Pension and Postretirement Plans:
Amortization of prior service cost and net actuarial (gain) loss	3		1		Other expense
Tax expense (benefit)	(1)		—		Income tax expense
	2		1
Total reclassification from AOCI	$	13	$	—