Components of Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2024

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

Schedule of Changes in 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, 2024 and 2023:

ACCUMULATED OTHER COMPREHENSIVE INCOME

(Dollars in millions)	Securities AFS		Cash Flow Hedges		Pension and Post-retirement Plans		Total
Balance as of Jan 1, 2024	$	(836)	$	(80)	$	(272)	$	(1,188)
Net unrealized gains (losses)	(55)		(43)		—		(98)
Amounts reclassified from AOCI	—		13		2		15
Other comprehensive income (loss)	(55)		(30)		2		(83)
Balance as of March 31, 2024	$	(891)	$	(110)	$	(270)	$	(1,271)

(Dollars in millions)	Securities AFS		Cash Flow Hedges		Pension and Post-retirement Plans		Total
Balance as of Jan 1, 2023	$	(973)	$	(127)	$	(268)	$	(1,368)
Net unrealized gains (losses)	114		33		—		147
Amounts reclassified from AOCI	—		11		2		13
Other comprehensive income (loss)	114		44		2		160
Balance as of March 31, 2023	$	(859)	$	(83)	$	(266)	$	(1,208)

Schedule of Reclassifications From AOCI

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

RECLASSIFICATIONS FROM AOCI
(Dollars in millions)	Three Months Ended March 31,
Details about AOCI	2024		2023		Affected line item in the statement where net income is presented
Cash Flow Hedges:
Realized (gains) losses on cash flow hedges	$	17	$	15	Interest and fees on loans and leases
Tax expense (benefit)	(4)		(4)		Income tax expense
	13		11
Pension and Postretirement Plans:
Amortization of prior service cost and net actuarial (gain) loss	3		3		Other expense
Tax expense (benefit)	(1)		(1)		Income tax expense
	2		2
Total reclassification from AOCI	$	15	$	13