Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2020

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

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

Changes in each component of accumulated other comprehensive income (loss) ("AOCI") were as follows (dollars in millions):
	Unrealized Gains on Available-for-Sale Investment Securities, Net of Tax		(Losses) Gains on Cash Flow Hedges, Net of Tax			Losses on Pension Plan, Net of Tax			AOCI
For the Three Months Ended March 31, 2020
Balance at December 31, 2019	$	112	$	(17	)	$	(214	)	$	(119	)
Net change	256		(3		)	—			253
Balance at March 31, 2020	$	368	$	(20	)	$	(214	)	$	134
For the Three Months Ended March 31, 2019
Balance at December 31, 2018	$	10	$	22		$	(188	)	$	(156	)
Net change	31		(12		)	1			20
Balance at March 31, 2019	$	41	$	10		$	(187	)	$	(136	)

The following table presents each component of other comprehensive income (loss) ("OCI") before reclassifications and amounts reclassified from AOCI for each component of OCI before- and after-tax (dollars in millions):
	Before Tax			Tax (Expense) Benefit			Net of Tax
For the Three Months Ended March 31, 2020
Available-for-Sale Investment Securities
Net unrealized holding gains arising during the period	$	337		$	(81	)	$	256
Net change	$	337		$	(81	)	$	256
Cash Flow Hedges
Net unrealized losses arising during the period	$	(7	)	$	2		$	(5	)
Amounts reclassified from AOCI	2			—			2
Net change	$	(5	)	$	2		$	(3	)
For the Three Months Ended March 31, 2019
Available-for-Sale Investment Securities
Net unrealized holding gains arising during the period	$	40		$	(9	)	$	31
Net change	$	40		$	(9	)	$	31
Cash Flow Hedges
Net unrealized losses arising during the period	$	(13	)	$	3		$	(10	)
Amounts reclassified from AOCI	(3		)	1			(2		)
Net change	$	(16	)	$	4		$	(12	)
Pension Plan
Unrealized gains arising during the period	$	1		$	—		$	1
Net change	$	1		$	—		$	1