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Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Loss
The following table presents changes in accumulated other comprehensive loss balances:
Year Ended December 31,
2018
 
2017
 
2016
 
(in millions)
Unrealized gains (losses) on investment securities:
 
 
 
 
 
Balance at beginning of period
$
(250
)
 
$
(461
)
 
$
(234
)
Cumulative effective adjustment to initially apply new accounting guidance for equity investments which were previously classified as available-for-sale, net of tax of $2 million(1)
4

 
—

 
—

Cumulative effective adjustment to initially apply new accounting guidance for stranded tax effects resulting from Tax Legislation(1)
(53
)
 
—

 
—

Balance at beginning of period, adjusted
(299
)
 
(461
)
 
(234
)
Other comprehensive income (loss) for period:
 
 
 
 
 
Net unrealized gains (losses) arising during period, net of tax of $(68) million, $136 million and $(125) million, respectively
(215
)
 
227

 
(209
)
Reclassification adjustment for gains realized in net income (loss), net of tax of $(6) million, $(19) million and $(26) million, respectively(2)
(18
)
 
(33
)
 
(44
)
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity realized in net income (loss), net of tax of $4 million, $10 million and $16 million, respectively(3)
13

 
17

 
26

Total other comprehensive income (loss) for period
(220
)
 
211

 
(227
)
Balance at end of period
(519
)
 
(250
)
 
(461
)
Unrealized gains (losses) on fair value option liabilities attributable to our own credit spread:
 
 
 
 
 
Balance at beginning of period
(19
)
 
—

 
—

Cumulative effective adjustment to initially apply new accounting guidance for stranded tax effects resulting from Tax Legislation(1)
(4
)
 
—

 
—

Cumulative effect adjustment to initially apply new accounting guidance for financial liabilities measured under the fair value option, net of tax of $103 million(4)
—

 
174

 
—

Balance at beginning of period, adjusted
(23
)
 
174

 
—

Other comprehensive income (loss) for period:
 
 
 
 
 
Net unrealized gains (losses) arising during period, net of tax of $103 million and $(115) million, respectively
324

 
(193
)
 
—

Total other comprehensive income (loss) for period
324

 
(193
)
 
—

Balance at end of period
301

 
(19
)
 
—

Unrealized gains (losses) on derivatives designated as cash flow hedges:
 
 
 
 
 
Balance at beginning of period
(164
)
 
(157
)
 
(170
)
Cumulative effective adjustment to initially apply new accounting guidance for stranded tax effects resulting from Tax Legislation(1)
(35
)
 
—

 
—

Balance at beginning of period, adjusted
(199
)
 
(157
)
 
(170
)
Other comprehensive income (loss) for period:
 
 
 
 
 
Net unrealized gains (losses) arising during period, net of tax of $7 million, $(11) million and $3 million, respectively
22

 
(18
)
 
2

Reclassification adjustment for losses realized in net income (loss), net of tax of $5 million, $6 million and $6 million, respectively(5)
18

 
11

 
11

Total other comprehensive income (loss) for period
40

 
(7
)
 
13

Balance at end of period
(159
)
 
(164
)
 
(157
)
Pension and postretirement benefit liability:
 
 
 
 
 
Balance at beginning of period
2

 
—

 
(3
)
Cumulative effective adjustment to initially apply new accounting guidance for stranded tax effects resulting from Tax Legislation(1)
1

 
—

 
—

Balance at beginning of period, adjusted
3

 
—

 
(3
)
Other comprehensive income (loss) for period:
 
 
 
 
 
Change in unfunded pension and postretirement liability, net of tax of $3 million, less than $1 million and $2 million, respectively
8

 
2

 
3

Total other comprehensive income for period
8

 
2

 
3

Balance at end of period
11

 
2

 
—

Total accumulated other comprehensive loss at end of period
$
(366
)
 
$
(431
)
 
$
(618
)
 
(1) 
See Note 2, "Summary of Significant Accounting Polices and New Accounting Pronouncements," for additional discussion.
(2) 
Amount reclassified to net income (loss) is included in other securities gains, net in our consolidated statement of income (loss).
(3) 
Amount amortized to net income (loss) is included in interest income in our consolidated statement of income (loss). During 2014, we transferred securities from available-for-sale to held-to-maturity. At the date of transfer, AOCI included net pretax unrealized losses related to the transferred securities which are being 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.
(4) 
As a result of adopting new accounting guidance in 2017, beginning January 1, 2017, the fair value movement on fair value option liabilities attributable to our own credit spread is recorded in common equity as a component of other comprehensive income (loss).
(5) 
Amount reclassified to net income (loss) is included in interest income (expense) in our consolidated statement of income (loss).