Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2021

The table below presents the changes in accumulated OCI after-tax for the six months ended June 30, 2021 and 2020.



(Dollars in millions)	Debt Securities		Debit Valuation Adjustments		Derivatives		Employee Benefit Plans		Foreign Currency		Total












Balance, December 31, 2019	$	323	$	(1,494)	$	(400)	$	(4,168)	$	(894)	$	(6,633)
Net change	4,693		53		732		100		(107)		5,471
Balance, June 30, 2020	$	5,016	$	(1,441)	$	332	$	(4,068)	$	(1,001)	$	(1,162)

Balance, December 31, 2020	$	5,122	$	(1,992)	$	426	$	(4,266)	$	(946)	$	(1,656)
Net change	(1,090)		265		(699)		120		(3)		(1,407)
Balance, June 30, 2021	$	4,032	$	(1,727)	$	(273)	$	(4,146)	$	(949)	$	(3,063)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

The following table presents the net change in fair value recorded in accumulated OCI, net realized gains and losses reclassified into earnings and other changes for each component of OCI pre- and after-tax for the six months ended June 30, 2021 and 2020.



	Pretax		Tax effect		After- tax		Pretax		Tax effect		After- tax
	Six Months Ended June 30
(Dollars in millions)	2021						2020
Debt securities:



Net increase (decrease) in fair value	$	(1,445)	$	355	$	(1,090)	$	6,628	$	(1,652)	$	4,976



Net realized gains reclassified into earnings (1)	—		—		—		(377)		94		(283)
Net change	(1,445)		355		(1,090)		6,251		(1,558)		4,693




Debit valuation adjustments:
Net increase in fair value	336		(76)		260		63		(13)		50
Net realized losses reclassified into earnings (1)	7		(2)		5		4		(1)		3

Net change	343		(78)		265		67		(14)		53
Derivatives:
Net increase (decrease) in fair value	(820)		205		(615)		914		(222)		692
Reclassifications into earnings:
Net interest income	(84)		20		(64)		53		(13)		40


Compensation and benefits expense	(26)		6		(20)		—		—		—
Net realized (gains) losses reclassified into earnings	(110)		26		(84)		53		(13)		40

Net change	(930)		231		(699)		967		(235)		732
Employee benefit plans:




Net actuarial losses and other reclassified into earnings (2)	142		(22)		120		133		(33)		100

Net change	142		(22)		120		133		(33)		100
Foreign currency:
Net decrease in fair value	116		(119)		(3)		115		(222)		(107)


Net change	116		(119)		(3)		115		(222)		(107)
Total other comprehensive income (loss)	$	(1,774)	$	367	$	(1,407)	$	7,533	$	(2,062)	$	5,471

(1) Reclassifications of pretax debt securities, DVA and foreign currency (gains) losses are recorded in other income in the Consolidated Statement of Income.

(2) Reclassifications of pretax employee benefit plan costs are recorded in other general operating expense in the Consolidated Statement of Income.