Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2021

18. Accumulated Other Comprehensive Income

Our changes in AOCI for the three and six months ended June 30, 2021, and June 30, 2020, are as follows:


in millions	Unrealized gains (losses) on securities available for sale		Unrealized gains (losses) on derivative financial instruments		Foreign currency translation adjustment	Net pension and postretirement benefit costs		Total
Balance at December 31, 2020	$	567	$	476	—	$	(305)	$	738
Other comprehensive income before reclassification, net of income taxes	(443)		(20)		—	(1)		(464)
Amounts reclassified from AOCI, net of income taxes (a)	—		(131)		—	7		(124)

Net current-period other comprehensive income, net of income taxes	(443)		(151)		—	6		(588)
Balance at June 30, 2021	$	124	$	325	—	$	(299)	$	150

Balance at March 31, 2021	$	(61)	$	466	—	$	(302)	$	103
Other comprehensive income before reclassification, net of income taxes	185		(78)		—	—		107
Amounts reclassified from AOCI, net of income taxes (a)	—		(63)		—	3		(60)

Net current-period other comprehensive income, net of income taxes	185		(141)		—	3		47
Balance at June 30, 2021	$	124	$	325	—	$	(299)	$	150

Balance at December 31, 2019	$	115	$	250	—	$	(339)	$	26
Other comprehensive income before reclassification, net of income taxes	538		456		—	—		994
Amounts reclassified from AOCI, net of income taxes (a)	(3)		(93)		—	12		(84)

Net current-period other comprehensive income, net of income taxes	535		363		—	12		910
Balance at June 30, 2020	$	650	$	613	—	$	(327)	$	936

Balance at March 31, 2020	$	520	$	627	—	$	(333)	$	814
Other comprehensive income before reclassification, net of income taxes	130		54		—	—		184
Amounts reclassified from AOCI, net of income taxes (a)	—		(68)		—	6		(62)

Net current-period other comprehensive income, net of income taxes	130		(14)		—	6		122
Balance at June 30, 2020	$	650	$	613	—	$	(327)	$	936

(a)See table below for details about these reclassifications.

Our reclassifications out of AOCI for the three and six months ended June 30, 2021, and June 30, 2020, are as follows:



	Three months ended June 30,				Affected Line Item in the Statement Where Net Income is Presented
in millions	2021		2020






Unrealized gains (losses) on derivative financial instruments
Interest rate	$	85	$	90	Interest income — Loans
Interest rate	(1)		(1)		Interest expense — Long-term debt
Interest rate	(1)		—		Investment banking and debt placement fees

	83		89		Income (loss) from continuing operations before income taxes
	20		21		Income taxes
	$	63	$	68	Income (loss) from continuing operations
Net pension and postretirement benefit costs
Amortization of losses	$	(4)	$	(4)	Other expense
Settlement loss	—		(4)		Other expense

	(4)		(8)		Income (loss) from continuing operations before income taxes
	(1)		(2)		Income taxes
	$	(3)	$	(6)	Income (loss) from continuing operations


	Six months ended June 30,				Affected Line Item in the Statement Where Net Income is Presented
in millions	2021		2020
Unrealized gains (losses) on available for sale securities
Realized gains	—		$	4	Other income

	—		4		Income (loss) from continuing operations before income taxes
	—		1		Income taxes
	—		$	3	Income (loss) from continuing operations
Unrealized gains (losses) on derivative financial instruments
Interest rate	$	173	$	124	Interest income — Loans
Interest rate	(2)		(2)		Interest expense — Long-term debt
Interest rate	1		—		Investment banking and debt placement fees
	172		122		Income (loss) from continuing operations before income taxes
	41		29		Income taxes
	$	131	$	93	Income (loss) from continuing operations
Net pension and postretirement benefit costs
Amortization of losses	$	(9)	$	(8)	Other expense
Settlement loss	—		(8)		Other expense

	(9)		(16)		Income (loss) from continuing operations before income taxes
	(2)		(4)		Income taxes
	$	(7)	$	(12)	Income (loss) from continuing operations