Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2022

Our changes in AOCI for the three and six months ended June 30, 2022, and June 30, 2021, are as follows:


Dollars in millions	Unrealized gains (losses) on securities available for sale		Unrealized gains (losses) on derivative financial instruments		Net pension and postretirement benefit costs		Total
Balance at December 31, 2021	$	(403)	$	88	$	(271)	$	(586)
Other comprehensive income before reclassification, net of income taxes	(2,764)		(755)		—		(3,519)
Amounts reclassified from AOCI, net of income taxes (a)	—		(66)		5		(61)

Net current-period other comprehensive income, net of income taxes	(2,764)		(821)		5		(3,580)
Balance at June 30, 2022	$	(3,167)	$	(733)	$	(266)	$	(4,166)

Balance at March 31, 2022	$	(2,187)	$	(473)	$	(269)	$	(2,929)
Other comprehensive income before reclassification, net of income taxes	(980)		(242)		1		(1,221)
Amounts reclassified from AOCI, net of income taxes (a)	—		(18)		2		(16)

Net current-period other comprehensive income, net of income taxes	(980)		(260)		3		(1,237)
Balance at June 30, 2022	$	(3,167)	$	(733)	$	(266)	$	(4,166)

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

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

Schedule of Reclassifications Out of AOCI

Our reclassifications out of AOCI for the three and six months ended June 30, 2022, and June 30, 2021, are as follows:



	Three months ended June 30,				Affected Line Item in the Consolidated Statement of Income
Dollars in millions	2022		2021






Unrealized gains (losses) on derivative financial instruments
Interest rate	$	19	$	85	Interest income — Loans
Interest rate	(1)		(1)		Interest expense — Long-term debt
Interest rate	5		(1)		Investment banking and debt placement fees

	23		83		Income (loss) from continuing operations before income taxes
	5		20		Income taxes
	$	18	$	63	Income (loss) from continuing operations
Net pension and postretirement benefit costs
Amortization of losses	$	(3)	$	(4)	Other expense
Settlement loss	—		—		Other expense
Amortization of unrecognized prior service credit	1		—		Other expense
	(2)		(4)		Income (loss) from continuing operations before income taxes
	—		(1)		Income taxes
	$	(2)	$	(3)	Income (loss) from continuing operations


	Six months ended June 30,				Affected Line Item in the Statement Where Net Income is Presented
Dollars in millions	2022		2021






Unrealized gains (losses) on derivative financial instruments
Interest rate	$	82	$	173	Interest income — Loans
Interest rate	(2)		(2)		Interest expense — Long-term debt
Interest rate	7		1		Investment banking and debt placement fees
	87		172		Income (loss) from continuing operations before income taxes
	21		41		Income taxes
	$	66	$	131	Income (loss) from continuing operations
Net pension and postretirement benefit costs
Amortization of losses	$	(7)	$	(9)	Other expense
Settlement loss	—		—		Other expense
Amortization of unrecognized prior service credit	1		—		Other expense
	(6)		(9)		Income (loss) from continuing operations before income taxes
	(1)		(2)		Income taxes
	$	(5)	$	(7)	Income (loss) from continuing operations