Changes in Accumulated Other Comprehensive (Loss) Income (Tables)

6 Months Ended

Jun. 30, 2016

Components of Comprehensive Income, net of tax [Abstract]

Components of comprehensive income (loss), net of tax

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 for the three and six months endedJune 30, 2016 and 2015were as follows:

Three Months Ended June 30, 2016 (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 March 31, 2016	$	60	$	(2,040)	$	(522)	$	(2,502)
Net unrealized gains		5		―		―		5
Increase (decrease) due to amounts reclassified into earnings		―		―		―		―
Net translation loss of investments in foreign operations		―		(265)		―		(265)
Net gains related to hedges of investments in foreign operations		―		135		―		135
Pension and other postretirement benefit gains		―		―		6		6
Net change in accumulated other comprehensive loss		5		(130)		6		(119)
Balances as of June 30, 2016	$	65	$	(2,170)	$	(516)	$	(2,621)
Six Months Ended June 30, 2016 (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, 2015	$	58	$	(2,044)	$	(548)	$	(2,534)
Net unrealized gains		9		―		―		9
Decrease due to amounts reclassified into earnings		(2)		―		―		(2)
Net translation loss of investments in foreign operations		―		(169)		―		(169)
Net gains related to hedges of investments in foreign operations		―		43		―		43
Pension and other postretirement benefit gains		―		―		32		32
Net change in accumulated other comprehensive loss		7		(126)		32		(87)
Balances as of June 30, 2016	$	65	$	(2,170)	$	(516)	$	(2,621)
Three Months Ended June 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 March 31, 2015	$	96	$	(1,754)	$	(493)	$	(2,151)
Net unrealized loss		(20)		―		―		(20)
Decrease due to amounts reclassified into earnings		―		(1)		―		(1)
Net translation gain of investments in foreign operations		―		45		―		45
Net losses related to hedges of investments in foreign operations		―		(33)		―		(33)
Pension and other postretirement benefit gains		―		―		6		6
Net change in accumulated other comprehensive loss		(20)		11		6		(3)
Balances as of June 30, 2015	$	76	$	(1,743)	$	(487)	$	(2,154)
Six Months Ended June 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		(20)		―		―		(20)
Decrease due to amounts reclassified into earnings		―		(1)		―		(1)
Net translation loss of investments in foreign operations		―		(405)		―		(405)
Net gains related to hedges of investments in foreign operations		―		162		―		162
Pension and other postretirement benefit gains		―		―		29		29
Net change in accumulated other comprehensive loss		(20)		(244)		29		(235)
Balances as of June 30, 2015	$	76	$	(1,743)	$	(487)	$	(2,154)

Reclassification out of accumulated other comprehensive (loss) income

The following table presents the effects of reclassifications out of AOCI and into the Consolidated Statements of Income:

Gains (losses) recognized in earnings

Three Months Ended

Six Months Ended

June 30,

June 30,

Income Statement

Amount

Amount

Description (Millions)

Line Item

2016

2015

2016

2015

Available-for-sale securities

Reclassifications for previously unrealized net

gains on investment securities

Other non-interest revenues

$

―

$

―

$

4

$

―

Related income tax expense

Income tax provision

―

―

(2)

―

Reclassification to net income related to

―

2

available-for-sale securities

―

―

―

―

Foreign currency translation adjustments

Reclassification of realized losses on

translation adjustments and related hedges

Other expenses

―

1

―

1

Related income tax benefit

Income tax provision

―

―

―

―

Reclassification of foreign currency

translation adjustments

―

1

―

1

Total

$

―

$

1

$

2

$

1