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Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Accumulated OCI
The table below presents the changes in accumulated OCI after-tax for 2023, 2022 and 2021.
(Dollars in millions)Debt Securities Debit Valuation AdjustmentsDerivatives
Employee
Benefit Plans
Foreign
Currency
Total
Balance, December 31, 2020$5,122 $(1,992)$426 $(4,266)$(946)$(1,656)
Net change(2,077)356 (2,306)624 (45)(3,448)
Balance, December 31, 2021$3,045 $(1,636)$(1,880)$(3,642)$(991)$(5,104)
Net change(6,028)755 (10,055)(667)(57)(16,052)
Balance, December 31, 2022$(2,983)$(881)$(11,935)$(4,309)$(1,048)$(21,156)
Net change573 (686)3,919 (439)1 3,368 
Balance, December 31, 2023$(2,410)$(1,567)$(8,016)$(4,748)$(1,047)$(17,788)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The table below 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 2023, 2022 and 2021.
PretaxTax
effect
After-
tax
PretaxTax
effect
After-
tax
PretaxTax effectAfter-
tax
(Dollars in millions)202320222021
Debt securities:
Net increase (decrease) in fair value$348 $(79)$269 $(7,995)$1,991 $(6,004)$(2,749)$689 $(2,060)
Net realized (gains) losses reclassified into earnings (1)
405 (101)304 (32)(24)(22)(17)
Net change753 (180)573 (8,027)1,999 (6,028)(2,771)694 (2,077)
Debit valuation adjustments:
Net increase (decrease) in fair value(917)223 (694)980 (237)743 449 (103)346 
Net realized (gains) losses reclassified into earnings (1)
11 (3)8 16 (4)12 13 (3)10 
Net change(906)220 (686)996 (241)755 462 (106)356 
Derivatives:
Net increase (decrease) in fair value2,064 (514)1,550 (13,711)3,430 (10,281)(2,849)703 (2,146)
Reclassifications into earnings:
Net interest income1,153 (288)865 332 (84)248 (166)48 (118)
Market making and similar activities2,031 (508)1,523 — — — — — — 
Compensation and benefits expense(25)6 (19)(29)(22)(55)13 (42)
Net realized (gains) losses reclassified into earnings3,159 (790)2,369 303 (77)226 (221)61 (160)
Net change5,223 (1,304)3,919 (13,408)3,353 (10,055)(3,070)764 (2,306)
Employee benefit plans:
Net increase (decrease) in fair value(642)162 (480)(1,103)276 (827)463 (72)391 
Net actuarial losses and other reclassified into earnings (2)
56 (16)40 198 (49)149 295 (67)228 
Settlements, curtailments and other 1  1 11 — 11 — 
Net change(585)146 (439)(894)227 (667)763 (139)624 
Foreign currency:
Net increase (decrease) in fair value(177)192 15 332 (390)(58)296 (341)(45)
Net realized (gains) losses reclassified into earnings (1)
(48)34 (14)— (5)— 
Net change(225)226 1 332 (389)(57)291 (336)(45)
Total other comprehensive income (loss)$4,260 $(892)$3,368 $(21,001)$4,949 $(16,052)$(4,325)$877 $(3,448)
(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.