Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

The following table sets forth the components in AOCI:

	Three Months Ended March 31,
	2022		2021
	(Dollars in millions)
Investment Securities
Beginning balance	$	15	$	52
Unrealized loss	(77)		(20)
Less: Tax benefit	(19)		(5)
Net unrealized loss	(58)		(15)
Other comprehensive loss, net of tax	(58)		(15)
Ending balance	$	(43)	$	37
Cash Flow Hedges
Beginning balance	$	20	$	(5)
Unrealized gain	29		26
Less: Tax provision	8		5
Net unrealized gain	21		21
Reclassifications out of AOCI (1)	—		1
Other comprehensive income, net of tax	21		22
Ending balance	$	41	$	17

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