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Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 30, 2017
Accumulated Other Comprehensive Income
NOTE 17 - 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
Three Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period

($5
)
 

($168
)
 

($1
)
 

($7
)
 

($596
)
 

($777
)
Net unrealized gains arising during the period
40

 
6

 
—

 
1

 
—

 
47

Amounts reclassified to net income
—

 
(8
)
 
—

 
—

 
3

 
(5
)
Other comprehensive income/(loss), net of tax
40

 
(2
)
 
—

 
1

 
3

 
42

Balance, end of period

$35

 

($170
)
 

($1
)
 

($6
)
 

($593
)
 

($735
)
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period

$550

 

$310

 

$—

 

($7
)
 

($620
)
 

$233

Net unrealized losses arising during the period
(32
)
 
(49
)
 
—

 
(3
)
 
—

 
(84
)
Amounts reclassified to net income
—

 
(37
)
 
—

 
—

 
3

 
(34
)
Other comprehensive (loss)/income, net of tax
(32
)
 
(86
)
 
—

 
(3
)
 
3

 
(118
)
Balance, end of period

$518

 

$224

 

$—

 

($10
)
 

($617
)
 

$115

 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period

($62
)
 

($157
)
 

($1
)
 

($7
)
 

($594
)
 

($821
)
Net unrealized gains arising during the period
98

 
38

 
—

 
1

 
—

 
137

Amounts reclassified to net income
(1
)
 
(51
)
 
—

 
—

 
1

 
(51
)
Other comprehensive income/(loss), net of tax
97

 
(13
)
 
—

 
1

 
1

 
86

Balance, end of period

$35

 

($170
)
 

($1
)
 

($6
)
 

($593
)
 

($735
)
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period

$135

 

$87

 

$—

 

$—

 

($682
)


($460
)
Cumulative credit risk adjustment 1
—

 
—

 
—

 
(5
)
 
—

 
(5
)
Net unrealized gains/(losses) arising during the period
386

 
256

 
—

 
(5
)
 
—

 
637

Amounts reclassified to net income
(3
)
 
(119
)
 
—

 
—

 
65

 
(57
)
Other comprehensive income/(loss), net of tax
383

 
137

 
—

 
(5
)
 
65

 
580

Balance, end of period

$518

 

$224

 

$—

 

($10
)
 

($617
)
 

$115


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 to net income, and the related tax effects, are presented in the following table:
(Dollars in millions)
 
Three Months Ended September 30
 
Nine Months Ended September 30
 
Impacted Line Item in the Consolidated Statements of Income
Details About AOCI Components
 
2017
 
2016
 
2017
 
2016
 
Securities AFS:
 
 
 
 
 
 
 
 
 
 
Realized gains on securities AFS
 

$—

 

$—

 

($1
)
 

($4
)
 
Net securities gains
Tax effect
 
—

 
—

 
—

 
1

 
Provision for income taxes
 
 
—

 
—

 
(1
)
 
(3
)
 
 
Derivative Instruments:
 
 
 
 
 
 
 
 
 
 
Realized gains on cash flow hedges
 
(13
)
 
(59
)
 
(81
)
 
(190
)
 
Interest and fees on loans
Tax effect
 
5

 
22

 
30

 
71

 
Provision for income taxes
 
 
(8
)
 
(37
)
 
(51
)
 
(119
)
 
 
Employee Benefit Plans:
 
 
 
 
 
 
 
 
 
 
Amortization of prior service credit
 
(1
)
 
(1
)
 
(4
)
 
(4
)
 
Employee benefits
Amortization of actuarial loss
 
6

 
6

 
18

 
19

 
Employee benefits
Adjustment to funded status of employee benefit obligation
 
—

 
—

 
(10
)
 
89

 
Other assets/other liabilities
 
 
5

 
5

 
4

 
104

 
 
Tax effect
 
(2
)
 
(2
)
 
(3
)
 
(39
)
 
Provision for income taxes
 
 
3

 
3

 
1

 
65

 
 
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications from AOCI to net income
 

($5
)
 

($34
)
 

($51
)


($57
)