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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2016
Accumulated Other Comprehensive Income
NOTE 17 - ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
Components of AOCI, net of tax, were calculated as follows:
(Dollars in millions)
Securities AFS
 
Derivative Instruments
 
Long-Term Debt
 
Employee Benefit Plans
 
Total
Three Months Ended March 31, 2016
 
 
 
 
 
 
 
 
 
Balance, beginning of period

$135

 

$87

 

$—

 

($682
)
 

($460
)
Cumulative credit risk adjustment 1
—

 
—

 
(5
)
 
—

 
(5
)
Net unrealized gains/(losses) arising during the period
279

 
192

 
(2
)
1 
—

 
469

Amounts reclassified from AOCI
—

 
(42
)
 
—

 
59

 
17

Other comprehensive income/(loss), net of tax
279

 
150

 
(2
)
 
59

 
486

Balance, end of period

$414

 

$237

 

($7
)
 

($623
)
 

$21

 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2015
 
 
 
 
 
 
 
 
 
Balance, beginning of period

$298

 

$97

 

$—

 

($517
)


($122
)
Net unrealized gains arising during the period
86

 
78

 
—

 
—

 
164

Amounts reclassified from AOCI
—

 
(34
)
 
—

 
(73
)
 
(107
)
Other comprehensive income/(loss), net of tax
86

 
44

 
—

 
(73
)
 
57

Balance, end of period

$384

 

$141

 

$—

 

($590
)
 

($65
)

1 See Note 1, "Significant Accounting Policies," for additional information regarding the Company's partial adoption of ASU 2016-01 beginning January 1, 2016.


Reclassifications from AOCI, and the related tax effects, were as follows:
(Dollars in millions)
 
Three Months Ended March 31
 
Affected Line Item in the Statement Where Net Income is Presented
Details About AOCI Components
 
2016
 
2015
 
Derivative Instruments:
 
 
 
 
 
 
Realized gains on cash flow hedges
 

($67
)
 

($54
)
 
Interest and fees on loans
Tax effect
 
25

 
20

 
Provision for income taxes
 
 
(42
)
 
(34
)
 
 
 
 
 
 
 
 
 
Employee Benefit Plans:
 
 
 
 
 
 
Amortization of prior service credit
 
(1
)
 
(1
)
 
Employee benefits
Amortization of actuarial loss
 
6

 
5

 
Employee benefits
Adjustment to funded status of employee benefit obligation
 
89

 
(120
)
 
Other assets/other liabilities
 
 
94

 
(116
)
 
 
Tax effect
 
(35
)
 
43

 
Provision for income taxes
 
 
59

 
(73
)
 
 
 
 
 
 
 
 
 
Total reclassifications from AOCI
 

$17



($107
)