Changes in Accumulated Other Comprehensive (Loss) Income

9 Months Ended

Sep. 30, 2014

Disclosure Text Block [Abstract]

Changes In Accumulated Other Comprehensive (Loss) Income

11. Changes In Accumulated Other Comprehensive (Loss) Income

AOCI is comprised of items that have not been recognized in earnings but may be recognized in earnings in the future when certain events occur. Changes in each component of AOCI for the three and nine months endedSeptember 30, 2014 and 2013were as follows:

For the Three Months Ended September 30, 2014 (Millions), net of tax	Net Unrealized Gains (Losses) on Investment Securities		Foreign Currency Translation Adjustments		Net Unrealized Pension and Other Postretirement Benefit (Losses) Gains		Accumulated Other Comprehensive (Loss) Income
Balances as of June 30, 2014	$	105	$	(1,118)	$	(358)	$	(1,371)
Net unrealized gains		2		―		―		2
Increase (decrease) due to amounts reclassified into earnings		(13)		1		―		(12)
Net translation (loss) of investments in foreign operations		―		(414)		―		(414)
Net (losses) related to hedges of investment in foreign operations		―		246		―		246
Pension and other postretirement benefit gains		―		―		7		7
Net change in accumulated other comprehensive (loss) income		(11)		(167)		7		(171)
Balances as of September 30, 2014	$	94	$	(1,285)	$	(351)	$	(1,542)
For the Nine Months Ended September 30, 2014 (Millions), net of tax	Net Unrealized Gains (Losses) on Investment Securities		Foreign Currency Translation Adjustments		Net Unrealized Pension and Other Postretirement Benefit (Losses) Gains		Accumulated Other Comprehensive (Loss) Income
Balances as of December 31, 2013	$	63	$	(1,090)	$	(399)	$	(1,426)
Net unrealized gains		102		―		―		102
Increase (decrease) due to amounts reclassified into earnings		(71)		5		―		(66)
Net translation (loss) of investments in foreign operations		―		(313)		―		(313)
Net (losses) related to hedges of investment in foreign operations		―		113		―		113
Pension and other postretirement benefit gains		―		―		48		48
Net change in accumulated other comprehensive income (loss)		31		(195)		48		(116)
Balances as of September 30, 2014	$	94	$	(1,285)	$	(351)	$	(1,542)
For the Three Months Ended September 30, 2013 (Millions), net of tax	Net Unrealized Gains (Losses) on Investment Securities		Foreign Currency Translation Adjustments		Net Unrealized Pension and Other Postretirement Benefit (Losses) Gains		Accumulated Other Comprehensive (Loss) Income
Balances as of June 30, 2013	$	153	$	(1,027)	$	(434)	$	(1,308)
Net unrealized (losses)		(25)		―		―		(25)
Increase (decrease) due to amounts reclassified into earnings		(23)		―		―		(23)
Net translation gain of investments in foreign operations		―		134		―		134
Net gains related to hedges of investment in foreign operations		―		(123)		―		(123)
Pension and other postretirement benefit gains		―		―		6		6
Net change in accumulated other comprehensive (loss) income		(48)		11		6		(31)
Balances as of September 30, 2013	$	105	$	(1,016)	$	(428)	$	(1,339)
For the Nine Months Ended September 30, 2013 (Millions), net of tax	Net Unrealized Gains (Losses) on Investment Securities		Foreign Currency Translation Adjustments		Net Unrealized Pension and Other Postretirement Benefit (Losses) Gains		Accumulated Other Comprehensive (Loss) Income
Balances as of December 31, 2012	$	315	$	(754)	$	(488)	$	(927)
Net unrealized (losses)		(141)		―		―		(141)
Increase (decrease) due to amounts reclassified into earnings		(69)		―		―		(69)
Net translation (loss) of investments in foreign operations		―		(422)		―		(422)
Net gains related to hedges of investment in foreign operations		―		160		―		160
Pension and other postretirement benefit gains		―		―		60		60
Net change in accumulated other comprehensive (loss) income		(210)		(262)		60		(412)
Balances as of September 30, 2013	$	105	$	(1,016)	$	(428)	$	(1,339)

The following table presents the effects of reclassifications out of AOCI and into the Consolidated Statements of Income for the three and nine months endedSeptember 30, 2014:

				(Gains) losses recognized in income
					For the Three Months Ended					For the Nine Months Ended
					September 30,					September 30,
			Income Statement			Amount				Amount
Description (Millions)			Line Item		2014		2013		2014		2013
Available-for-sale securities
	Net gain in AOCI reclassifications for previously
		unrealized net gains on investment securities	Other non-interest revenues		$	(21)	$	(36)	$	(111)	$	(109)
	Related income tax expense		Income tax provision			8		13		40		40
	Reclassification to net income related to
		available-for-sale securities				(13)		(23)		(71)		(69)
Foreign currency translation adjustments
	Reclassification of realized losses on
		translation adjustments and related hedges	Other expenses			―		―		8		―
	Related income tax expense		Income tax provision			1		―		(3)		―
	Reclassification of foreign currency
		translation adjustments				1		―		5		―
Total					$	(12)	$	(23)	$	(66)	$	(69)