Components of Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2021

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

Components of Other Comprehensive Income (Loss)

Components of Other Comprehensive Income (Loss)

The following table provides the changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended March 31, 2021 and 2020:

(Dollars in millions)	Securities AFS		Cash Flow Hedges		Pension and Post-retirement Plans		Total
Balance as of January 1, 2021	$	108	$	12	$	(260)	$	(140)
Net unrealized gains (losses)	(103)		(3)		2		(104)
Amounts reclassified from AOCI	—		1		2		3
Other comprehensive income (loss)	(103)		(2)		4		(101)
Balance as of March 31, 2021	$	5	$	10	$	(256)	$	(241)

(Dollars in millions)	Securities AFS		Cash Flow Hedges		Pension and Post-retirement Plans		Total
Balance as of January 1, 2020	$	31	$	3	$	(273)	$	(239)
Net unrealized gains (losses)	89		13		—		102
Amounts reclassified from AOCI	—		—		2		2
Other comprehensive income (loss)	89		13		2		104
Balance as of March 31, 2020	$	120	$	16	$	(271)	$	(135)

Reclassifications from AOCI, and related tax effects, were as follows:

(Dollars in millions)	Three Months Ended March 31,
Details about AOCI	2021		2020		Affected line item in the statement where net income is presented
Cash flow hedges:
Realized (gains) losses on cash flow hedges	$	2	$	—	Interest and fees on loans and leases
Tax expense (benefit)	(1)		—		Income tax expense
	1		—
Pension and Postretirement Plans:
Amortization of prior service cost and net actuarial (gain) loss	4		3		All other expense
Tax expense (benefit)	(2)		(1)		Income tax expense
	2		2
Total reclassification from AOCI	$	3	$	2