XML 53 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2013
Accumulated Other Comprehensive Income Loss [Abstract]  
Accumulated Other Comprehensive Income
NOTE 16 - ACCUMULATED OTHER COMPREHENSIVE INCOME
AOCI was calculated as follows:
 
 
Three Months Ended June 30
 
2013
 
2012
(Dollars in millions)
Pre-tax Amount
 
Income Tax (Expense) Benefit
 
After-tax Amount
 
Pre-tax Amount
 
Income Tax (Expense) Benefit
 
After-tax Amount
AOCI, beginning balance

$310

 

($125
)
 

$185

 

$2,624

 

($950
)
 

$1,674

Unrealized (losses)/gains on AFS securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized net (losses)/gains
(605
)
 
223

 
(382
)
 
236

 
(85
)
 
151

Less: reclassification adjustment for realized gains
—

 
—

 
—

 
(14
)
 
5

 
(9
)
Unrealized (losses)/gains on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized net (losses)/gains
(45
)
 
18

 
(27
)
 
14

 
(7
)
 
7

Less: reclassification adjustment for realized gains
(100
)
 
36

 
(64
)
 
(121
)
 
45

 
(76
)
Change related to employee benefit plans
8

 
(3
)
 
5

 
(6
)
 
2

 
(4
)
AOCI, ending balance

($432
)
 

$149

 

($283
)
 

$2,733

 

($990
)
 

$1,743



 
Six Months Ended June 30
 
2013
 
2012
(Dollars in millions)
Pre-tax Amount
 
Income Tax (Expense) Benefit
 
After-tax Amount
 
Pre-tax Amount
 
Income Tax (Expense) Benefit
 
After-tax Amount
AOCI, beginning balance

$506

 

($197
)
 

$309

 

$2,744

 

($995
)
 

$1,749

Unrealized (losses)/gains on AFS securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized net (losses)/gains
(718
)
 
264

 
(454
)
 
331

 
(119
)
 
212

Less: reclassification adjustment for realized gains
(2
)
 
1

 
(1
)
 
(32
)
 
12

 
(20
)
Unrealized (losses)/gains on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized net (losses)/gains
(45
)
 
17

 
(28
)
 
6

 
(5
)
 
1

Less: reclassification adjustment for realized gains
(214
)
 
79

 
(135
)
 
(272
)
 
101

 
(171
)
Change related to employee benefit plans
41

 
(15
)
 
26

 
(44
)
 
16

 
(28
)
AOCI, ending balance

($432
)
 

$149

 

($283
)
 

$2,733

 

($990
)
 

$1,743



The reclassification from AOCI consisted of the following:
 
 
 
 
 
(Dollars in millions)
 
Three Months Ended June 30
 
Six Months Ended June 30
 
Affected line item in the Consolidated Statements of Income
Details about AOCI components
 
2013
 
2012
 
2013
 
2012
 
Realized gains on AFS securities:
 
 
 
 
 
 
 
 
 
 
 
 

$—

 

($14
)
 

($2
)
 

($32
)
 
Net securities gains
 
 
—

 
5

 
1

 
12

 
Provision for income taxes
 
 

$—

 

($9
)
 

($1
)
 

($20
)
 

Gains on cash flow hedges:
 
 
 
 
 
 
 
 
 
 

 

($100
)
 

($121
)
 

($214
)
 

($272
)
 
Interest and fees on loans
 
 
36

 
45

 
79

 
101

 
Provision for income taxes
 
 

($64
)
 

($76
)
 

($135
)
 

($171
)
 

Change related to employee benefit plans:
 
 
 
 
 
 
 
 
 
 
Amortization of actuarial losses
 

$6

 

$6

 

$13

 

$12

 
Employee benefits
 
 
2

 
(12
)
 
28

 
(56
)
 
Other assets/other liabilities 1
 
 
8

 
(6
)
 
41

 
(44
)
 

 
 
(3
)
 
2

 
(15
)
 
16

 
Provision for income taxes
 
 

$5

 

($4
)
 

$26

 

($28
)
 

1 This AOCI component is recognized as an adjustment to the funded status of employee benefit plans in the Company's Consolidated Balance Sheets. (For additional information, see Note 15, "Employee Benefit Plans," to the Consolidated Financial Statements in the Company's 2012 Annual Report on Form 10−K).