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Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2015
Accumulated Other Comprehensive Income
NOTE 17 - ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME
Components of AOCI, net of tax, were calculated as follows:
(Dollars in millions)
Securities AFS
 
Derivative Instruments
 
Employee Benefit Plans
 
Total
Three Months Ended June 30, 2015:
 
 
 
 
 
 
 
Balance, beginning of period

$384

 

$141

 

($590
)
 

($65
)
Net unrealized (losses)/gains arising during the period
(192
)
 
5

 
—

 
(187
)
Amounts reclassified from AOCI
(9
)
 
(39
)
 
6

 
(42
)
Other comprehensive (loss)/income, net of tax
(201
)
 
(34
)
 
6

 
(229
)
Balance, end of period

$183

 

$107

 

($584
)
 

($294
)
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2014:
 
 
 
 
 
 
 
Balance, beginning of period

$32

 

$229

 

($461
)
 

($200
)
Net unrealized gains arising during the period
175

 
28

 
—

 
203

Amounts reclassified from AOCI
—

 
(64
)
 
2

 
(62
)
Other comprehensive income/(loss), net of tax
175

 
(36
)
 
2

 
141

Balance, end of period

$207

 

$193

 

($459
)
 

($59
)
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015:
 
 
 
 
 
 
 
Balance, beginning of period

$298

 

$97

 

($517
)
 

($122
)
Net unrealized (losses)/gains arising during the period
(106
)
 
83

 
—

 
(23
)
Amounts reclassified from AOCI
(9
)
 
(73
)
 
(67
)
 
(149
)
Other comprehensive (loss)/income, net of tax
(115
)
 
10

 
(67
)
 
(172
)
Balance, end of period

$183

 

$107

 

($584
)
 

($294
)
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2014:
 
 
 
 
 
 
 
Balance, beginning of period

($77
)
 

$279

 

($491
)


($289
)
Net unrealized gains arising during the period
283

 
42

 
—

 
325

Amounts reclassified from AOCI
1

 
(128
)
 
32

 
(95
)
Other comprehensive income/(loss), net of tax
284

 
(86
)
 
32

 
230

Balance, end of period

$207

 

$193

 

($459
)
 

($59
)



Reclassifications from AOCI, and the related tax effects, were as follows:
(Dollars in millions)
 
Three Months Ended June 30
 
Six Months Ended June 30
 
Affected Line Item in the Statement Where Net Income is Presented
Details About AOCI Components
 
2015
 
2014
 
2015
 
2014
 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
Realized (gains)/losses on securities AFS
 

($14
)
 

$1

 

($14
)
 

$2

 
Net securities gains/(losses)
Tax effect
 
5

 
(1
)
 
5

 
(1
)
 
Provision for income taxes
 
 
(9
)
 
—

 
(9
)
 
1

 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative Instruments:
 
 
 
 
 
 
 
 
 
 
Gains on cash flow hedges
 
(63
)
 
(101
)
 
(117
)
 
(203
)
 
Interest and fees on loans
Tax effect
 
24

 
37

 
44

 
75

 
Provision for income taxes
 
 
(39
)
 
(64
)
 
(73
)
 
(128
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Employee Benefit Plans:
 
 
 
 
 
 
 
 
 
 
Amortization of prior service credit
 
(2
)
 
(1
)
 
(3
)
 
(3
)
 
Employee benefits
Amortization of actuarial loss
 
6

 
4

 
11

 
8

 
Employee benefits
Adjustment to funded status of employee benefit obligation 1
 
—

 
—

 
(120
)
 
46

 
Other assets/other liabilities
 
 
4

 
3

 
(112
)
 
51

 
 
Tax effect
 
2

 
(1
)
 
45

 
(19
)
 
Provision for income taxes
 
 
6

 
2

 
(67
)
 
32

 
 
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications from AOCI
 

($42
)
 

($62
)
 

($149
)


($95
)
 
 
1 For additional information on the funded status of the pension and other postretirement benefits plans, see Note 15, "Employee Benefit Plans," to the Company's 2014 Annual Report on Form 10-K.