Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Reconciliation of Transactions Affecting Accumulated Other Comprehensive Income (Loss)

The reconciliation of the transactions affecting accumulated other comprehensive income (loss) included in shareholders’ equity is as follows:

Three Months Ended June 30 (Dollars in Millions)	Unrealized Gains (Losses) on Securities Available-For-Sale			Unrealized Gains (Losses) on Securities Transferred From Available-For- Sale to Held-To- Maturity			Unrealized Gains (Losses) on Derivative Hedges			Unrealized Gains (Losses) on Retirement Plans			Foreign Currency Translation			Total
2013
Balance at beginning of period	$	603		$	94		$	(371	)	$	(1,221	)	$	(46	)	$	(941	)
Changes in unrealized gains and losses		(675	)		–			53			–			–			(622	)
Other-than-temporary impairment not recognized in earnings on securities available-for-sale		1			–			–			–			–			1
Foreign currency translation adjustment		–			–			–			–			(23	)		(23	)
Reclassification to earnings of realized gains and losses		(6	)		(17	)		41			62			–			80
Applicable income taxes		262			7			(36	)		(25	)		9			217
Balance at end of period	$	185		$	84		$	(313	)	$	(1,184	)	$	(60	)	$	(1,288	)
2012
Balance at beginning of period	$	550		$	–		$	(455	)	$	(999	)	$	(40	)	$	(944	)
Changes in unrealized gains and losses		132			–			(40	)		–			–			92
Other-than-temporary impairment not recognized in earnings on securities available-for-sale		1			–			–			–			–			1
Transfer of securities from available-for-sale to held-to-maturity		(224	)		224			–			–			–			–
Foreign currency translation adjustment		–			–			–			–			(6	)		(6	)
Reclassification to earnings of realized gains and losses		19			(7	)		52			36			–			100
Applicable income taxes		26			(83	)		(4	)		(14	)		2			(73	)
Balance at end of period	$	504		$	134		$	(447	)	$	(977	)	$	(44	)	$	(830	)

Six Months Ended June 30 (Dollars in Millions)	Unrealized Gains (Losses) on Securities Available-For-Sale			Unrealized Gains (Losses) on Securities Transferred From Available-For- Sale to Held-To- Maturity			Unrealized Gains (Losses) on Derivative Hedges			Unrealized Gains (Losses) on Retirement Plans			Foreign Currency Translation			Total
2013
Balance at beginning of period	$	679		$	107		$	(404	)	$	(1,265	)	$	(40	)	$	(923	)
Changes in unrealized gains and losses		(795	)		–			50			(1	)		–			(746	)
Other-than-temporary impairment not recognized in earnings on securities available-for-sale		7			–			–			–			–			7
Foreign currency translation adjustment		–			–			–			–			(33	)		(33	)
Reclassification to earnings of realized gains and losses		(11	)		(37	)		95			124			–			171
Applicable income taxes		305			14			(54	)		(42	)		13			236
Balance at end of period	$	185		$	84		$	(313	)	$	(1,184	)	$	(60	)	$	(1,288	)
2012
Balance at beginning of period	$	360		$	–		$	(489	)	$	(1,022	)	$	(49	)	$	(1,200	)
Changes in unrealized gains and losses		438			–			(38	)		–			–			400
Other-than-temporary impairment not recognized in earnings on securities available-for-sale		1			–			–			–			–			1
Transfer of securities from available-for-sale to held-to-maturity		(224	)		224			–			–			–			–
Foreign currency translation adjustment		–			–			–			–			8			8
Reclassification to earnings of realized gains and losses		19			(7	)		105			74			–			191
Applicable income taxes		(90	)		(83	)		(25	)		(29	)		(3	)		(230	)
Balance at end of period	$	504		$	134		$	(447	)	$	(977	)	$	(44	)	$	(830	)

Impact to Net Income for Items Reclassified out of Accumulated Other Comprehensive Income and into Earnings

Additional detail about the impact to net income for items reclassified out of accumulated other comprehensive income and into earnings for the periods presented, is as follows:

	Impact to Net Income
(Dollars in Millions)	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013			Affected Line Item in the Consolidated Statement of Income
Unrealized gains (losses) on securities available-for-sale
Realized gains (losses) on sale of securities	$	9		$	21		Total securities gains (losses), net
Other-than-temporary impairment recognized in earnings		(3	)		(10	)
		6			11		Total before tax
		(2	)		(4	)	Applicable income taxes
		4			7		Net-of-tax
Unrealized gains (losses) on securities transferred from available-for-sale to held-to-maturity
Amortization of unrealized gains		17			37		Interest income
		(7	)		(14	)	Applicable income taxes
		10			23		Net-of-tax
Unrealized gains (losses) on derivative hedges
Realized gains (losses) on derivative hedges		(41	)		(95	)	Net interest income
		16			37		Applicable income taxes
		(25	)		(58	)	Net-of-tax
Unrealized gains (losses) on retirement plans
Actuarial gains (losses), prior service cost (credit) and transition obligation (asset) amortization		(62	)		(124	)	Employee benefits expense
		24			48		Applicable income taxes
		(38	)		(76	)	Net-of-tax
Total impact to net income	$	(49	)	$	(104	)