AOCI

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

AOCI

AOCIAOCI includes the after-tax change in unrecognized net costs related to defined benefit pension and OPEB plans as well as unrealized gains and losses on cash flow hedges, AFS securities, and HTM securities transferred from AFS securities.

(Dollars in millions)	Pension and OPEB Costs		Cash Flow Hedges		AFS Securities		HTM Securities		Other, net		Total
AOCI balance, January 1, 2022	$	(86)	$	(9)	$	(1,510)	$	—	$	1	$	(1,604)
OCI before reclassifications, net of tax	2		—		(5,036)		—		1		(5,033)
AFS Securities transferred to HTM, net of tax	—		—		2,872		(2,872)		—		—
Amounts reclassified from AOCI:
Before tax	8		6		61		57		—		132
Tax effect	2		1		14		13		—		30
Amounts reclassified, net of tax	6		5		47		44		—		102
Total OCI, net of tax	8		5		(4,989)		44		1		(4,931)
AOCI balance, March 31, 2022	$	(78)	$	(4)	$	(3,627)	$	(2,828)	$	2	$	(6,535)
AOCI balance, January 1, 2023	$	(1,535)	$	(78)	$	(9,395)	$	(2,588)	$	(5)	$	(13,601)
OCI before reclassifications, net of tax	(26)		125		903		—		1		1,003
Amounts reclassified from AOCI:
Before tax	16		—		(65)		70		—		21
Tax effect	4		—		(15)		15		—		4
Amounts reclassified, net of tax	12		—		(50)		55		—		17
Total OCI, net of tax	(14)		125		853		55		1		1,020
AOCI balance, March 31, 2023	$	(1,549)	$	47	$	(8,542)	$	(2,533)	$	(4)	$	(12,581)
Primary income statement location of amounts reclassified from AOCI	Other expense		Net interest income and Other expense		Securities gains (losses) and Net interest income		Net interest income		Net interest income