Components of Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2021

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

Accumulated 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)

Reclassification Out Of Accumulated Other Comprehensive Income

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