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Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Components in Accumulated Other Comprehensive Income (Loss)

The following table sets forth the components in accumulated other comprehensive income (loss):
 
For the Years Ended December 31,
 
2019
2018
2017
 
(Dollars in millions)
Investment Securities
 
 
 
Beginning balance
$
(47
)
$
(18
)
$
(8
)
Unrealized gain (loss)
57

(30
)
(19
)
Less: Tax provision (benefit)
14

(7
)
(7
)
Net unrealized gain (loss)
43

(23
)
(12
)
Reclassifications out of AOCI (1)
6

(1
)
3

Less: Tax provision
1


1

Net unrealized gain (loss) reclassified out of AOCI
5

(1
)
2

Reclassification of certain income tax effects (2)

(5
)

Other comprehensive income (loss), net of tax
48

(29
)
(10
)
Ending balance
$
1

$
(47
)
$
(18
)
 
 
 
 
Cash Flow Hedges
 
 
 
Beginning balance
$

$
2

$
1

Unrealized gain

27

5

Less: Tax provision

7

1

Net unrealized gain

20

4

Reclassifications out of AOCI (3)

(30
)
(5
)
Less: Tax benefit

(8
)
(2
)
Net unrealized loss reclassified out of AOCI

(22
)
(3
)
Other comprehensive income (loss), net of tax

(2
)
1

Ending balance
$

$

$
2

(1)
Reclassifications are reported in other noninterest income in 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.