XML 63 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Accumulated Other Comprehensive Income/(Loss)
 12 Months Ended
Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income/(Loss)
Accumulated other comprehensive income/(loss)
AOCI includes the after-tax change in unrealized gains and losses on investment securities, foreign currency translation adjustments (including the impact of related derivatives), cash flow hedging activities, and net loss and prior service costs/(credit) related to the Firm’s defined benefit pension and OPEB plans.
Year ended December 31,
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 December 31, 2012
 
$
6,868


 
 
$
(95
)
 
 
 
$
120

 
 
 
$
(2,791
)
 
 
 
$
4,102

 
Net change
 
(4,070
)
 
 
 
(41
)
 
 
 
(259
)
 
 
 
1,467

 
 
 
(2,903
)
 
Balance at December 31, 2013
 
$
2,798

 
 
 
$
(136
)
 
 
 
$
(139
)
 
 
 
$
(1,324
)
 
 
 
$
1,199

 
Net change
 
1,975

 
 
 
(11
)
 
 
 
44

 
 
 
(1,018
)
 
 
 
990

 
Balance at December 31, 2014
 
$
4,773

 
 
 
$
(147
)
 
 
 
$
(95
)
 
 
 
$
(2,342
)
 
 
 
$
2,189

 
Net change
 
(2,144
)
 
 
 
(15
)
 
 
 
51

 
 
 
111

 
 
 
(1,997
)
 
Balance at December 31, 2015
 
$
2,629

 
 
 
$
(162
)
 
 
 
$
(44
)
 
 
 
$
(2,231
)
 
 
 
$
192

 
(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 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.

The following table presents the before- and after-tax changes in the components of other comprehensive income/(loss).
 
2015
 
2014
 
2013
Year ended December 31, (in millions)
Pretax
 
Tax effect
 
After-tax
 
Pretax
 
Tax effect
 
After-tax
 
Pretax
 
Tax effect
 
After-tax
Unrealized gains/(losses) on investment securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains/(losses) arising during the period
$
(3,315
)
 
$
1,297

 
$
(2,018
)
 
$
3,193

 
$
(1,170
)
 
$
2,023

 
$
(5,987
)
 
$
2,323

 
$
(3,664
)
Reclassification adjustment for realized (gains)/losses included in net income(a)
(202
)
 
76

 
(126
)
 
(77
)
 
29

 
(48
)
 
(667
)
 
261

 
(406
)
Net change
(3,517
)
 
1,373

 
(2,144
)
 
3,116

 
(1,141
)
 
1,975

 
(6,654
)
 
2,584

 
(4,070
)
Translation adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Translation(b)
(1,876
)
 
682

 
(1,194
)
 
(1,638
)
 
588

 
(1,050
)
 
(807
)
 
295

 
(512
)
Hedges(b)
1,885

 
(706
)
 
1,179

 
1,698

 
(659
)
 
1,039

 
773

 
(302
)
 
471

Net change
9

 
(24
)
 
(15
)
 
60

 
(71
)
 
(11
)
 
(34
)
 
(7
)
 
(41
)
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains/(losses) arising during the period
(97
)
 
35

 
(62
)
 
98

 
(39
)
 
59

 
(525
)
 
206

 
(319
)
Reclassification adjustment for realized (gains)/losses included in net income(c)(e)
180

 
(67
)
 
113

 
(24
)
 
9

 
(15
)
 
101

 
(41
)
 
60

Net change
83

 
(32
)
 
51

 
74

 
(30
)
 
44

 
(424
)
 
165

 
(259
)
Defined benefit pension and OPEB plans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service credits arising during the period
—

 
—

 
—

 
(53
)
 
21

 
(32
)
 
—

 
—

 
—

Net gains/(losses) arising during the period
29

 
(47
)
 
(18
)
 
(1,697
)
 
688

 
(1,009
)
 
2,055

 
(750
)
 
1,305

Reclassification adjustments included in
net income(d):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization of net loss
282

 
(106
)
 
176

 
72

 
(29
)
 
43

 
321

 
(124
)
 
197

Prior service costs/(credits)
(36
)
 
14

 
(22
)
 
(44
)
 
17

 
(27
)
 
(43
)
 
17

 
(26
)
Foreign exchange and other
33

 
(58
)
 
(25
)
 
39

 
(32
)
 
7

 
(14
)
 
5

 
(9
)
Net change
308

 
(197
)
 
111

 
(1,683
)
 
665

 
(1,018
)
 
2,319

 
(852
)
 
1,467

Total other comprehensive income/(loss)
$
(3,117
)
 
$
1,120

 
$
(1,997
)
 
$
1,567

 
$
(577
)
 
$
990

 
$
(4,793
)
 
$
1,890

 
$
(2,903
)
(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 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 6.