Other Comprehensive Income

12 Months Ended

Dec. 31, 2020

OTHER COMPREHENSIVE INCOME

The following table presents changes in AOCI, net of tax, by component:

TABLE 20.1


(in millions)	Unrealized Net Gains (Losses) on Debt Securities Available for Sale		Unrealized Net Gains (Losses) on Derivative Instruments		Unrecognized Pension and Postretirement Obligations		Total
Year Ended December 31, 2020
Balance at beginning of period	$	11	$	(18)	$	(58)	$	(65)
Other comprehensive (loss) income before reclassifications	54		(40)		(6)		8
Amounts reclassified from AOCI	—		18		—		18

Net current period other comprehensive (loss) income	54		(22)		(6)		26
Balance at end of period	$	65	$	(40)	$	(64)	$	(39)

The amounts reclassified from AOCI related to debt securities AFS are included in net securities gains on the Consolidated Statements of Income, while the amounts reclassified from AOCI related to derivative instruments in cash flow hedge programs are generally included in interest income on loans and leases on the Consolidated Statements of Income. However, due to the voluntary termination of a few cash flow hedges in 2020, a portion of the amount reclassified from AOCI is included in non-interest income on the Consolidated Statements of Income.

The tax (benefit) expense amounts reclassified from AOCI in connection with the debt securities AFS and derivative instruments reclassifications are included in income taxes on the Consolidated Statements of Income.