Accumulated Other Comprehensive Income/(Loss) (Tables)

6 Months Ended

Jun. 30, 2015

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

Accumulated other comprehensive income/(loss)

As of or for the three months ended June 30, 2015	Unrealized gains/(losses) on investment securities(a)				Translation adjustments, net of hedges				Cash flow hedges				Defined benefit pension and OPEB plans				Accumulated other comprehensive income/(loss)
(in millions)
Balance at April 1, 2015		$	4,862			$	(157	)		$	(18	)		$	(2,257	)		$	2,430
Net change		(1,419		)		3				80				8				(1,328		)
Balance at June 30, 2015		$	3,443			$	(154	)		$	62			$	(2,249	)		$	1,102
As of or for the three months ended June 30, 2014	Unrealized gains/(losses) on investment securities(a)				Translation adjustments, net of hedges				Cash flow hedges				Defined benefit pension and OPEB plans				Accumulated other comprehensive income/(loss)
(in millions)
Balance at April 1, 2014		$	3,792			$	(138	)		$	(80	)		$	(1,298	)		$	2,276
Net change		1,075				12				68				7				1,162
Balance at June 30, 2014		$	4,867			$	(126	)		$	(12	)		$	(1,291	)		$	3,438

As of or for the six months ended June 30, 2015	Unrealized gains/(losses) on investment securities(a)				Translation adjustments, net of hedges				Cash flow hedges				Defined benefit pension and OPEB plans				Accumulated other comprehensive income/(loss)
(in millions)
Balance at January 1, 2015		$	4,773			$	(147	)		$	(95	)		$	(2,342	)		$	2,189
Net change		(1,330		)		(7		)		157				93				(1,087		)
Balance at June 30, 2015		$	3,443			$	(154	)		$	62			$	(2,249	)		$	1,102
As of or for the six months ended June 30, 2014	Unrealized gains/(losses) on investment securities(a)				Translation adjustments, net of hedges				Cash flow hedges				Defined benefit pension and OPEB plans				Accumulated other comprehensive income/(loss)
(in millions)
Balance at January 1, 2014		$	2,798			$	(136	)		$	(139	)		$	(1,324	)		$	1,199
Net change		2,069				10				127				33				2,239
Balance at June 30, 2014		$	4,867			$	(126	)		$	(12	)		$	(1,291	)		$	3,438

(a) Represents the after-tax difference between the fair value and amortized cost of securities accounted for as AFS; including, as of the date of transfer during the first quarter of 2014, $9 million of net unrealized losses related to AFS securities that were transferred to HTM. Subsequent to transfer, includes any net unamortized unrealized gains and losses related to the transferred securities.

Changes of the components of accumulated other comprehensive income (loss)

The following table presents the pretax and after-tax changes in the components of other comprehensive income/(loss).

	2015									2014
Three months ended June 30, (in millions)	Pretax			Tax effect			After-tax			Pretax			Tax effect			After-tax
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period	$	(2,343	)	$	952		$	(1,391	)	$	1,778		$	(695	)	$	1,083
Reclassification adjustment for realized (gains)/losses included in net income(a)	(44		)	16			(28		)	(12		)	4			(8		)
Net change	(2,387		)	968			(1,419		)	1,766			(691		)	1,075
Translation adjustments:
Translation(b)	267			(117		)	150			218			(79		)	139
Hedges(b)	(250		)	103			(147		)	(208		)	81			(127		)
Net change	17			(14		)	3			10			2			12
Cash flow hedges:
Net unrealized gains/(losses) arising during the period	120			(46		)	74			143			(57		)	86
Reclassification adjustment for realized (gains)/losses included in net income(c)	7			(1		)	6			(29		)	11			(18		)
Net change	127			(47		)	80			114			(46		)	68
Defined benefit pension and OPEB plans:
Net gains/(losses) arising during the period	41			(15		)	26			19			(8		)	11
Reclassification adjustments included in net income(d):
Amortization of net loss	70			(26		)	44			19			(7		)	12
Prior service costs/(credits)	(9		)	4			(5		)	(12		)	5			(7		)
Foreign exchange and other	(33		)	(24		)	(57		)	(15		)	6			(9		)
Net change	69			(61		)	8			11			(4		)	7
Total other comprehensive income/(loss)	$	(2,174	)	$	846		$	(1,328	)	$	1,901		$	(739	)	$	1,162
	2015									2014
Six months ended June 30, (in millions)	Pretax			Tax effect			After-tax			Pretax			Tax effect			After-tax
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period	$	(2,118	)	$	848		$	(1,270	)	$	3,399		$	(1,304	)	$	2,095
Reclassification adjustment for realized (gains)/losses included in net income(a)	(96		)	36			(60		)	(42		)	16			(26		)
Net change	(2,214		)	884			(1,330		)	3,357			(1,288		)	2,069
Translation adjustments:
Translation(b)	(733		)	261			(472		)	372			(142		)	230
Hedges(b)	743			(278		)	465			(362		)	142			(220		)
Net change	10			(17		)	(7		)	10			—			10
Cash flow hedges:
Net unrealized gains/(losses) arising during the period	71			(28		)	43			215			(87		)	128
Reclassification adjustment for realized (gains)/losses included in net income(c)(e)	182			(68		)	114			(2		)	1			(1		)
Net change	253			(96		)	157			213			(86		)	127
Defined benefit pension and OPEB plans:
Net gains/(losses) arising during the period	101			(39		)	62			88			(34		)	54
Reclassification adjustments included in net income(d):
Amortization of net loss	141			(53		)	88			37			(15		)	22
Prior service costs/(credits)	(18		)	7			(11		)	(22		)	9			(13		)
Foreign exchange and other	—			(46		)	(46		)	(19		)	(11		)	(30		)
Net change	224			(131		)	93			84			(51		)	33
Total other comprehensive income/(loss)	$	(1,727	)	$	640		$	(1,087	)	$	3,664		$	(1,425	)	$	2,239

(a) The pretax amount is reported in securities gains in the Consolidated statements of income.

(b) Reclassifications of pretax realized gains/(losses) on translation adjustments and related hedges are reported in other income/expense in the Consolidated statements of income. The amounts were not material for the periods presented.

(c) The pretax amounts are predominantly recorded in net interest income in the Consolidated statements of income.

(d) The pretax amount is reported in compensation expense in the Consolidated statements of income.

(e) In the first quarter of 2015, the Firm reclassified approximately $150 million of net losses from AOCI to other income because the Firm determined that it is probable that the forecasted interest payment cash flows will not occur. For additional information, see Note 5.