Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Changes in AOCI

Our changes in AOCI for the three months ended March 31, 2024, and March 31, 2023, 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, 2023	$	(4,190)	$	(763)	$	(276)	$	(5,229)
Other comprehensive income before reclassification, net of income taxes	(153)		(99)		(1)		(253)
Amounts reclassified from AOCI, net of income taxes (a)	2		164		2		168
Net current-period other comprehensive income, net of income taxes	(151)		65		1		(85)
Balance at March 31, 2024	$	(4,341)	$	(698)	$	(275)	$	(5,314)

Balance at December 31, 2022	$	(4,895)	$	(1,124)	$	(276)	$	(6,295)
Other comprehensive income before reclassification, net of income taxes	575		80		(1)		654
Amounts reclassified from AOCI, net of income taxes (a)	—		165		2		167
Net current-period other comprehensive income, net of income taxes	575		245		1		821
Balance at March 31, 2023	$	(4,320)	$	(879)	$	(275)	$	(5,474)

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

Schedule of Reclassifications Out of AOCI

Our reclassifications out of AOCI for the three months ended March 31, 2024, and March 31, 2023, are as follows:

	Three months ended March 31,				Affected Line Item in the Consolidated Statement of Income
Dollars in millions	2024		2023
Unrealized gains (losses) on available for sale securities
Realized gains	$	—	$	—	Other income
Realized losses	(3)		—		Other income
	(3)		—		Income (loss) from continuing operations before income taxes
	(1)		—		Income taxes
	$	(2)	$	—	Income (loss) from continuing operations
Unrealized gains (losses) on derivative financial instruments
Interest rate	$	(216)	$	(215)	Interest income — Loans
Interest rate	—		(1)		Interest expense — Long-term debt
Interest rate	1		—		Investment banking and debt placement fees
	(215)		(216)		Income (loss) from continuing operations before income taxes
	(51)		(51)		Income taxes
	$	(164)	$	(165)	Income (loss) from continuing operations
Net pension and postretirement benefit costs
Amortization of losses	$	(3)	$	(3)	Other expense
Settlement loss	—		—		Other expense
Amortization of unrecognized prior service credit	—		1		Other expense
	(3)		(2)		Income (loss) from continuing operations before income taxes
	(1)		—		Income taxes
	$	(2)	$	(2)	Income (loss) from continuing operations