Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The following table sets forth the components in accumulated other comprehensive income (loss):

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
	(Dollars in millions)
Investment securities
Beginning balance	$	(31	)	$	(47	)	$	(47	)	$	(18	)
Unrealized gain (loss)	22			(12		)	43			(44		)
Less: Tax provision (benefit)	5			(3		)	10			(11		)
Net unrealized gain (loss)	17			(9		)	33			(33		)
Reclassifications out of AOCI (1)	7			$	—		7			—
Less: Tax provision	1			—			1			—
Net unrealized gain reclassified out of AOCI	6			—			6			—
Reclassification of certain income tax effects (2)	—			—			—			(5		)
Other comprehensive income (loss), net of tax	23			(9		)	39			(38		)
Ending balance	$	(8	)	$	(56	)	$	(8	)	$	(56	)
Cash Flow Hedges
Beginning balance	$	—		$	17		$	—		$	2
Unrealized gain	—			9			—			28
Less: Tax provision	—			2			—			7
Net unrealized gain	—			7			—			21
Reclassifications out of AOCI (3)	—			—			—			1
Net unrealized gain reclassified out of AOCI	—			—			—			1
Other comprehensive income, net of tax	—			7			—			22
Ending balance	$	—		$	24		$	—		$	24

(1) Reclassifications are reported in noninterest income on the Consolidated Statement of Operations.

(2) Income tax effects of the Tax Cuts and Jobs Act are reclassified from AOCI to retained earnings due to early adoption of ASU 2018-02.

(3)

Reclassifications are reported in interest expense on the Consolidated Statement of Operations.