Changes In Accumulated Other Comprehensive (Loss) Income |
12. Changes In Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss 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 for the three and nine months ended September 30, 2015 and 2014 were as follows: Three Months Ended September 30, 2015 (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, 2015 | | $ | 76 | | $ | (1,743) | | $ | (487) | | $ | (2,154) | Net unrealized loss | | | (6) | | | ― | | | ― | | | (6) | Decrease due to amounts reclassified into earnings | | | (1) | | | ― | | | ― | | | (1) | Net translation loss on investments in foreign operations | | | ― | | | (604) | | | ― | | | (604) | Net gains related to hedges of investments in foreign operations | | | ― | | | 384 | | | ― | | | 384 | Pension and other postretirement benefit gains | | | ― | | | ― | | | 7 | | | 7 | Net change in accumulated other comprehensive (loss) income | | | (7) | | | (220) | | | 7 | | | (220) | Balances as of September 30, 2015 | | $ | 69 | | $ | (1,963) | | $ | (480) | | $ | (2,374) | | | | | | | | | | | | | | Nine Months Ended September 30, 2015 (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, 2014 | | $ | 96 | | $ | (1,499) | | $ | (516) | | $ | (1,919) | Net unrealized loss | | | (26) | | | ― | | | ― | | | (26) | Decrease due to amounts reclassified into earnings | | | (1) | | | (1) | | | ― | | | (2) | Net translation loss on investments in foreign operations | | | ― | | | (1,009) | | | ― | | | (1,009) | Net gains related to hedges of investments in foreign operations | | | ― | | | 546 | | | ― | | | 546 | Pension and other postretirement benefit gains | | | ― | | | ― | | | 36 | | | 36 | Net change in accumulated other comprehensive (loss) income | | | (27) | | | (464) | | | 36 | | | (455) | Balances as of September 30, 2015 | | $ | 69 | | $ | (1,963) | | $ | (480) | | $ | (2,374) |
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 | (Decrease) increase due to amounts reclassified into earnings | | | (13) | | | 1 | | | ― | | | (12) | Net translation loss on investments in foreign operations | | | ― | | | (414) | | | ― | | | (414) | Net gains related to hedges of investments 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) | | | | | | | | | | | | | | 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 | (Decrease) increase due to amounts reclassified into earnings | | | (71) | | | 5 | | | ― | | | (66) | Net translation loss on investments in foreign operations | | | ― | | | (313) | | | ― | | | (313) | Net gains related to hedges of investments 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) |
The following table presents the effects of reclassifications out of Accumulated Other Comprehensive Loss and into the Consolidated Statements of Income | | | | | Gains (losses) recognized in earnings | | | | | | | Three Months Ended | | | Nine Months Ended | | | | | | | September 30, | | | September 30, | | | | | Income Statement | | | Amount | | | Amount | Description (Millions) | | Line Item | | 2015 | | 2014 | | 2015 | | 2014 | Available-for-sale securities | | | | | | | | | | | | | | | | Reclassifications for previously unrealized net | | | | | | | | | | | | | | | | | gains on investment securities | | Other non-interest revenues | | $ | 1 | | $ | 21 | | $ | 1 | | $ | 111 | | Related income tax expense | | Income tax provision | | | ― | | | (8) | | | ― | | | (40) | | Reclassification to net income related to | | | | | | | | | | | | | | | | | available-for-sale securities | | | | | 1 | | | 13 | | | 1 | | | 71 | Foreign currency translation adjustments | | | | | | | | | | | | | | | | Reclassification of realized losses on | | | | | | | | | | | | | | | | | translation adjustments and related hedges | | Other expenses | | | ― | | | ― | | | 1 | | | (8) | | Related income tax benefit | | Income tax provision | | | ― | | | (1) | | | ― | | | 3 | | Reclassification of foreign currency | | | | | | | | | | | | | | | | | translation adjustments | | | | | ― | | | (1) | | | 1 | | | (5) | Total | | | | $ | 1 | | $ | 12 | | $ | 2 | | $ | 66 |
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