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Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Components of Accumulated Other Comprehensive Loss
The following tables present the change in each of the components of accumulated other comprehensive income and the related tax effect of the change allocated to each component for the three months ended June 30, 2016 and 2015:
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Three Months Ended June 30, 2016
 
 
 
 
 

Cash flow hedge activities:
 
 
 
 
 

Unrealized net gains (losses) on hedges arising during the period
 
$
144

 
$
(56
)
 
$
88

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(44
)
 
17

 
(27
)
Net change
 
100

 
(39
)
 
61

Securities:
 
 
 
 
 

Unrealized holding gains (losses) arising during the period on securities available for sale
 
105

 
(41
)
 
64

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(19
)
 
7

 
(12
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
5

 
(2
)
 
3

Net change
 
91

 
(36
)
 
55

Foreign currency translation adjustment
 
1

 
—

 
1

Pension and other benefits:
 
 
 
 
 

   Amortization of prior service credit (1)
 
(7
)
 
2

 
(5
)
   Recognized net actuarial (gain) loss(1)
 
22

 
(8
)
 
14

Net change(1)
 
15

 
(6
)
 
9

Other
 
2

 
(1
)
 
1

Net change in AOCI
 
$
209

 
$
(82
)
 
$
127

 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 11 to these consolidated financial statements.
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Three Months Ended June 30, 2015
 
 
 
 
 
 
Cash flow hedge activities:
 
 
 
 
 
 
Unrealized net gains (losses) on hedges arising during the period
 
$
(8
)
 
$
3

 
$
(5
)
Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(41
)
 
16

 
(25
)
Net change
 
(49
)
 
19

 
(30
)
Securities:
 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period on securities available for sale
 
(87
)
 
34

 
(53
)
Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(5
)
 
2

 
(3
)
Accretion of fair value adjustment on securities available for sale
 
(1
)
 
—

 
(1
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
5

 
(2
)
 
3

Net change
 
(88
)
 
34

 
(54
)
Foreign currency translation adjustment
 
3

 
(1
)
 
2

Pension and other benefits:
 
 
 
 
 
 
     Amortization of prior service credit (1)
 
(7
)
 
3

 
(4
)
     Recognized net actuarial (gain) loss(1)
 
27

 
(10
)
 
17

Net change(1)
 
20

 
(7
)
 
13

Net change in AOCI
 
$
(114
)
 
$
45

 
$
(69
)
 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 11 to these consolidated financial statements.



The following tables present the change in each of the components of accumulated other comprehensive income and the related tax effect of the change allocated to each component for the six months ended June 30, 2016 and 2015:
(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Six Months Ended June 30, 2016
 
 
 
 
 
 
Cash flow hedge activities:
 
 
 
 
 
 
Unrealized net gains (losses) on hedges arising during the period
 
$
410

 
$
(161
)
 
$
249

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(87
)
 
34

 
(53
)
     Net change
 
323

 
(127
)
 
196

Securities:
 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period on securities available for sale
 
263

 
(103
)
 
160

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(32
)
 
12

 
(20
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
10

 
(4
)
 
6

     Net change
 
241

 
(95
)
 
146

Foreign currency translation adjustment
 
8

 
(3
)
 
5

Pension and other benefits:
 
 
 
 
 
 
Amortization of prior service credit(1)
 
(13
)
 
5

 
(8
)
Recognized net actuarial gain (loss)(1)
 
44

 
(17
)
 
27

     Net change(1)
 
31

 
(12
)
 
19

Net change in AOCI
 
$
603

 
$
(237
)
 
$
366

 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 11 to these consolidated financial statements.

(Dollars in millions)
 
Before
Tax
Amount
 
Tax
Effect
 
Net of
Tax
For the Six Months Ended June 30, 2015
 
 
 
 
 
 
Cash flow hedge activities:
 
 
 
 
 
 
Unrealized net gains (losses) on hedges arising during the period
 
$
111

 
$
(44
)
 
$
67

Reclassification adjustment for net (gains) losses on hedges included in interest income for loans and interest expense on long-term debt           
 
(74
)
 
29

 
(45
)
     Net change
 
37

 
(15
)
 
22

Securities:
 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period on securities available for sale
 
33

 
(13
)
 
20

Reclassification adjustment for net (gains) losses on securities available for sale included in securities gains, net
 
(8
)
 
3

 
(5
)
Accretion of fair value adjustment on securities available for sale
 
(3
)
 
1

 
(2
)
Amortization of net unrealized (gains) losses on held to maturity securities
 
10

 
(4
)
 
6

     Net change
 
32

 
(13
)
 
19

Foreign currency translation adjustment
 
(9
)
 
4

 
(5
)
Pension and other benefits:
 
 
 
 
 
 
Amortization of prior service credit (1)
 
(13
)
 
5

 
(8
)
Recognized net actuarial gain (loss)(1)
 
56

 
(21
)
 
35

     Net change(1)
 
43

 
(16
)
 
27

Net change in AOCI
 
$
103

 
$
(40
)
 
$
63

 
 
(1)
These amounts are included in the computation of net periodic pension cost. For further information, see Note 11 to these consolidated financial statements.
Change in Accumulated Other Comprehensive Loss Balances
The following tables present the change in accumulated other comprehensive loss balances:
For the Three Months Ended June 30, 2015 and 2016:
 
 
Net Unrealized
Gains (Losses) on Cash Flow Hedges
 
Net
Unrealized
Gains (Losses)
on Securities
 
Foreign
Currency
Translation
Adjustment
 
Pension and
Other Postretirement
Benefits
Adjustment
 
Other
 
Accumulated
Other
Comprehensive
Loss
(Dollars in millions)
 
 
 
 
 
 
Balance, March 31, 2015
 
$
73

 
$
(72
)
 
$
(17
)
 
$
(581
)
 
$
—

 
$
(597
)
Other comprehensive income (loss) before reclassifications
 
(5
)
 
(51
)
 
2

 
—

 
—

 
(54
)
Amounts reclassified from AOCI
 
(25
)
 
(3
)
 
—

 
13

 
—

 
(15
)
Balance, June 30, 2015
 
$
43

 
$
(126
)
 
$
(15
)
 
$
(568
)
 
$
—

 
$
(666
)
Balance, March 31, 2016
 
$
171

 
$
(60
)
 
$
(21
)
 
$
(602
)
 
$
(1
)
 
$
(513
)
Other comprehensive income (loss) before reclassifications
 
88

 
67

 
1

 
—

 
1

 
157

Amounts reclassified from AOCI
 
(27
)
 
(12
)
 
—

 
9

 
—

 
(30
)
Balance, June 30, 2016
 
$
232

 
$
(5
)
 
$
(20
)
 
$
(593
)
 
$
—

 
$
(386
)
For the Six Months Ended June 30, 2015 and 2016:
 
 
Net Unrealized
Gains (Losses) on Cash Flow Hedges
 
Net
Unrealized
Gains (Losses)
on Securities
 
Foreign
Currency
Translation
Adjustment
 
Pension and
Other Postretirement
Benefits
Adjustment
 
Accumulated
Other
Comprehensive
Loss
(Dollars in millions)
 
 
 
 
 
Balance, December 31, 2014
 
$
21

 
$
(145
)
 
$
(10
)
 
$
(595
)
 
$
(729
)
Other comprehensive income (loss) before reclassifications
 
67

 
24

 
(5
)
 
—

 
86

Amounts reclassified from AOCI
 
(45
)
 
(5
)
 
—

 
27

 
(23
)
Balance, June 30, 2015
 
$
43

 
$
(126
)
 
$
(15
)
 
$
(568
)
 
$
(666
)
Balance, December 31, 2015
 
$
36

 
$
(151
)
 
$
(25
)
 
$
(612
)
 
$
(752
)
Other comprehensive income (loss) before reclassifications
 
249

 
166

 
5

 
—

 
420

Amounts reclassified from AOCI
 
(53
)
 
(20
)
 
—

 
19

 
(54
)
Balance, June 30, 2016
 
$
232

 
$
(5
)
 
$
(20
)
 
$
(593
)
 
$
(386
)