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Accumulated Other Comprehensive Income
 12 Months Ended
Dec. 31, 2016
Accumulated Other Comprehensive Income
NOTE 21 - ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME
Changes in the components of AOCI, net of tax, are presented in the following table:
(Dollars in millions)
Securities AFS
 
Derivative Instruments
 
Brokered Time Deposits
 
Long-Term Debt
 
Employee Benefit Plans
 
Total
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period

$135

 

$87

 

$—

 

$—

 

($682
)
 

($460
)
Cumulative credit risk adjustment 1
—

 
—

 
—

 
(5
)
 
—

 
(5
)
Net unrealized losses arising during the period
(194
)
 
(91
)
 
(1
)
 
(2
)
 
—

 
(288
)
Amounts reclassified to net income
(3
)
 
(153
)
 
—

 
—

 
88

 
(68
)
Other comprehensive (loss)/income, net of tax
(197
)
 
(244
)
 
(1
)
 
(2
)
 
88

 
(356
)
Balance, end of period

($62
)
 

($157
)
 

($1
)
 

($7
)
 

($594
)
 

($821
)
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period

$298

 

$97

 

$—

 

$—

 

($517
)


($122
)
Net unrealized (losses)/gains arising during the period
(150
)
 
154

 
—

 
—

 
—

 
4

Amounts reclassified to net income
(13
)
 
(164
)
 
—

 
—

 
(165
)
 
(342
)
Other comprehensive loss, net of tax
(163
)
 
(10
)
 
—

 
—

 
(165
)
 
(338
)
Balance, end of period

$135

 

$87

 

$—

 

$—

 

($682
)
 

($460
)
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period

($77
)
 

$279

 

$—

 

$—

 

($491
)
 

($289
)
Net unrealized gains arising during the period
366

 
62

 
—

 
—

 
—

 
428

Amounts reclassified to net income
9

 
(244
)
 
—

 
—

 
(26
)
 
(261
)
Other comprehensive income/(loss), net of tax
375

 
(182
)
 
—

 
—

 
(26
)
 
167

Balance, end of period

$298

 

$97

 

$—

 

$—

 

($517
)
 

($122
)

1 Related to the Company's early adoption of the ASU 2016-01 provision related to changes in instrument-specific credit risk. See Note 1, "Significant Accounting Policies," for additional information.

Reclassifications from AOCI, and the related tax effects, are presented in the following table:
(Dollars in millions)
 
Year Ended December 31
 
Impacted Line Item in the Consolidated Statements of Income
Details About AOCI Components
 
2016
 
2015
 
2014
 
Securities AFS:
 
 
 
 
 
 
 
 
Realized (gains)/losses on securities AFS
 

($4
)
 

($21
)
 

$15

 
Net securities gains/(losses)
Tax effect
 
1

 
8

 
(6
)
 
Provision for income taxes
 
 
(3
)
 
(13
)
 
9

 
 
Derivative Instruments:
 
 
 
 
 
 
 
 
Realized gains on cash flow hedges
 
(244
)
 
(261
)
 
(387
)
 
Interest and fees on loans
Tax effect
 
91

 
97

 
143

 
Provision for income taxes
 
 
(153
)
 
(164
)
 
(244
)
 
 
Employee Benefit Plans:
 
 
 
 
 
 
 
 
Amortization of prior service credit
 
(6
)
 
(6
)
 
(6
)
 
Employee benefits
Amortization of actuarial loss
 
25

 
21

 
16

 
Employee benefits
Adjustment to funded status of employee benefit obligation
 
121

 
(283
)
 
(51
)
 
Other assets/other liabilities
 
 
140

 
(268
)
 
(41
)
 
 
Tax effect
 
(52
)
 
103

 
15

 
Provision for income taxes
 
 
88

 
(165
)
 
(26
)
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications from AOCI to net income
 

($68
)


($342
)
 

($261
)