Other Comprehensive Income

12 Months Ended

Dec. 31, 2020

Other Comprehensive Income [Abstract]

OTHER COMPREHENSIVE INCOMEDetails of other comprehensive income (loss) are as follows:

Table 80: Other Comprehensive Income (Loss)


	Year ended December 31
	2020						2019						2018
In millions	Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-tax
Debt securities
Increase in net unrealized gains (losses) on securities	$	2,113	$	(485)	$	1,628	$	1,529	$	(351)	$	1,178	$	(536)	$	123	$	(413)
Less: Net realized gains (losses) reclassified to earnings (a)	302		(69)		233		40		(9)		31		4		(1)		3
Net change	1,811		(416)		1,395		1,489		(342)		1,147		(540)		124		(416)
Cash flow hedge derivatives
Increase in net unrealized gains (losses) on cash flow hedge derivatives	918		(211)		707		334		(77)		257		(118)		27		(91)
Less: Net realized gains (losses) reclassified to earnings (a)	421		(97)		324		37		(9)		28		60		(14)		46
Net change	497		(114)		383		297		(68)		229		(178)		41		(137)
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b)	82		(19)		63		158		(36)		122		16		(4)		12
Net change	82		(19)		63		158		(36)		122		16		(4)		12
Other
Net unrealized gains (losses) on other transactions	10		5		15		17		5		22		18		(17)		1
Net change	10		5		15		17		5		22		18		(17)		1
Total other comprehensive income (loss) from continuing operations	2,400		(544)		1,856		1,961		(441)		1,520		(684)		144		(540)
Total other comprehensive income (loss) from discontinued operations	148		(33)		115		5		(1)		4		(55)		12		(43)
Total other comprehensive income (loss)	$	2,548	$	(577)	$	1,971	$	1,966	$	(442)	$	1,524	$	(739)	$	156	$	(583)

(a)Reclassifications for pre-tax debt securities and cash flow hedges are recorded in interest income and noninterest income on the Consolidated Income Statement.

(b)Reclassifications include amortization of actuarial losses (gains) and amortization of prior period services costs (credits) which are recorded in noninterest expense on the Consolidated Income Statement.

Table 81: Accumulated Other Comprehensive Income (Loss) Components


In millions, after-tax	Debt securities		Cash flow hedge derivatives		Pension and other postretirement benefit plan adjustments		Other		Accumulated other Comprehensive Income from Continuing Operations		Accumulated other Comprehensive Income from Discontinued Operations		Total
Balance at December 31, 2017	$	277	$	151	$	(446)	$	(68)	$	(86)	$	(62)	$	(148)
Cumulative effect of adopting ASU 2018-02 (a)	59		33		(96)		24		20		(14)		6
Balance at January 1, 2018	336		184		(542)		(44)		(66)		(76)		(142)
Net activity	(416)		(137)		12		1		(540)		(43)		(583)
Balance at December 31, 2018	$	(80)	$	47	$	(530)	$	(43)	$	(606)	$	(119)	$	(725)
Net activity	1,147		229		122		22		1,520		4		1,524
Balance at December 31, 2019	$	1,067	$	276	$	(408)	$	(21)	$	914	$	(115)	$	799
Net activity	1,395		383		63		15		1,856		115		1,971
Balance at December 31, 2020	$	2,462	$	659	$	(345)	$	(6)	$	2,770			$	2,770

(a)Represents the cumulative impact of adopting ASU 2018-02 which permits the reclassification to retained earnings of the income tax effects stranded within AOCI.