DERIVATIVES AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of the Amount of Gain or Loss Recognized in AOCI

The following table summarizes the amount of gain or loss recognized in AOCI on our unaudited condensed consolidated financial statements:

	Three Months Ended March 31,
(in millions)	2024
Derivatives designated as hedging instruments:
Loss reclassified from AOCI into net interest revenues included in effectiveness assessment	$	1

Schedule of the Components of AOCI Related to Hedging Activities

The following table summarizes the components of AOCI related to hedging activities on our unaudited condensed consolidated financial statements:

	Three Months Ended March 31,
(in millions)	2024
Beginning balance	$	(3)
Other comprehensive loss before reclassifications, net of tax	—
Reclassification adjustment for net gains included in net interest revenues, net of tax	1
Other comprehensive loss after reclassifications, net of tax	$	1
Ending balance	$	(2)