Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2020

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

Schedule Of Accumulated Other Comprehensive Loss

The following table presents a reconciliation of the changes in the components of accumulated other comprehensive income (loss) and details the components of other comprehensive income (loss) for the six months ended June 30, 2020 and 2019, including the amount of income tax expense (benefit) allocated to each component of other comprehensive income (loss).

	Six Months Ended June 30,
(in millions)	2020		2019
Accumulated net unrealized gains on investment securities:
Balance at beginning of period, net of tax	$	65	$	(138)
Net unrealized holding gains arising during the period	286		229
Less: Provision for income taxes	68		54
Net unrealized holding gains arising during the period, net of tax	218		175
Less:
Net realized losses included in net securities losses	—		(8)
Less: Benefit for income taxes	—		(2)
Reclassification adjustment for net securities losses included in net income, net of tax	—		(6)
Change in net unrealized gains on investment securities, net of tax	218		181
Balance at end of period, net of tax	$	283	$	43
Accumulated net gains on cash flow hedges:
Balance at beginning of period, net of tax	$	34	$	—
Net cash flow hedge gains arising during the period	233		51
Less: Provision for income taxes	56		12
Change in net cash flow hedge gains arising during the period, net of tax	177		39
Less:
Net cash flow hedge gains (losses) included in interest and fees on loans	22		(1)
Less: Provision for income taxes	7		—
Reclassification adjustment for net cash flow hedge gains (losses) included in net income, net of tax	15		(1)
Change in net cash flow hedge gains, net of tax	162		40
Balance at end of period, net of tax (a)	$	196	$	40
Accumulated defined benefit pension and other postretirement plans adjustment:
Balance at beginning of period, net of tax	$	(334)	$	(471)
Amortization of actuarial net loss	31		21
Amortization of prior service credit	(14)		(13)
Amounts recognized in other noninterest expenses	17		8
Less: Provision for income taxes	4		2
Change in defined benefit pension and other postretirement plans adjustment, net of tax	13		6
Balance at end of period, net of tax	$	(321)	$	(465)
Total accumulated other comprehensive income (loss) at end of period, net of tax	$	158	$	(382)

(a)The Corporation expects to reclassify $73 million of net gains, net of tax, from accumulated other comprehensive income to earnings over the next twelve months if interest yield curves and notional amounts remain at June 30, 2020 levels.