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Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Loss
The following table presents changes in accumulated other comprehensive loss balances:
Year Ended December 31,
2016
 
2015
 
2014
 
(in millions)
Unrealized gains (losses) on investment securities:
 
 
 
 
 
Balance at beginning of period
$
(234
)
 
$
158

 
$
(18
)
Other comprehensive income (loss) for period:
 
 
 
 
 
Net unrealized gains (losses) arising during period, net of tax of $(125) million, $(239) million and $159 million, respectively
(209
)
 
(387
)
 
244

Reclassification adjustment for gains realized in net income, net of tax of $(26) million, $(18) million and $(48) million, respectively(1)
(44
)
 
(30
)
 
(74
)
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity realized in net income, net of tax of $16 million, $15 million and $3 million, respectively(2)
26

 
25

 
6

Total other comprehensive income (loss) for period
(227
)
 
(392
)
 
176

Balance at end of period
(461
)
 
(234
)
 
158

Unrealized losses on other-than-temporarily impaired debt securities held-to-maturity:
 
 
 
 
 
Balance at beginning of period
—

 
—

 
(60
)
Other comprehensive income for period:
 
 
 
 
 
Reclassification adjustment related to the accretion of unrealized other-than-temporary impairment, net of tax of $7 million(3)
—

 
—

 
9

Reclassification adjustment to reverse other-than-temporary impairment due to closure of VIE, net of tax of $36 million(3)
—

 
—

 
51

Total other comprehensive income for period
—

 
—

 
60

Balance at end of period
—

 
—

 
—

Unrealized losses on derivatives designated as cash flow hedges:
 
 
 
 
 
Balance at beginning of period
(170
)
 
(156
)
 
(83
)
Other comprehensive income (loss) for period:
 
 
 
 
 
Net unrealized gains (losses) arising during period, net of tax of $3 million, $(2) million and $(48) million, respectively
2

 
(21
)
 
(77
)
Reclassification adjustment for losses realized in net income, net of tax of $6 million, $4 million and $2 million, respectively(4)
11

 
7

 
4

Total other comprehensive income (loss) for period
13

 
(14
)
 
(73
)
Balance at end of period
(157
)
 
(170
)
 
(156
)
Pension and postretirement benefit liability:
 
 
 
 
 
Balance at beginning of period
(3
)
 
(3
)
 
2

Other comprehensive income (loss) for period:
 
 
 
 
 
Change in unfunded pension and postretirement liability, net of tax of $2 million, $0 million and $(4) million, respectively
3

 
—

 
(5
)
Total other comprehensive income (loss) for period
3

 
—

 
(5
)
Balance at end of period
—

 
(3
)
 
(3
)
Total accumulated other comprehensive loss at end of period
$
(618
)
 
$
(407
)
 
$
(1
)
 
(1) 
Amount reclassified to net income is included in other securities gains, net in our consolidated statement of income.
(2) 
Amount amortized to net income is included in interest income in our consolidated statement of income. During 2014, we transferred securities from available-for-sale to held-to-maturity. At the date of transfer, AOCI included net pretax unrealized losses of $234 million related to the transferred securities which will be amortized over the remaining contractual life of each security as an adjustment of yield in a manner consistent with the amortization of any premium or discount.
(3) 
Amount reclassified to the carrying value of the debt securities is included in securities held-to-maturity in our consolidated balance sheet.
(4) 
Amount reclassified to net income is included in interest income (expense) in our consolidated statement of income.