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Components of Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2024
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 and six months ended June 30, 2024 and 2023:
ACCUMULATED OTHER COMPREHENSIVE INCOME
(Dollars in millions)Securities AFSCash Flow HedgesPension and
Post-retirement
Plans
Total
Balance as of April 1, 2024$(891)$(110)$(270)$(1,271)
Net unrealized gains (losses)(10)(15)— (25)
Amounts reclassified from AOCI— 13 15 
Other comprehensive income (loss)(10)(2)(10)
Balance as of June 30, 2024$(901)$(112)$(268)$(1,281)
(Dollars in millions)Securities AFSCash Flow HedgesPension and
Post-retirement
Plans
Total
Balance as of January 1, 2024$(836)$(80)$(272)$(1,188)
Net unrealized gains (losses)(65)(58)— (123)
Amounts reclassified from AOCI— 26 30 
Other comprehensive income (loss)(65)(32)(93)
Balance as of June 30, 2024$(901)$(112)$(268)$(1,281)

(Dollars in millions)Securities AFSCash Flow HedgesPension and
Post-retirement
Plans
Total
Balance as of April 1, 2023$(859)$(83)$(266)$(1,208)
Net unrealized gains (losses)(105)(59)(2)(166)
Amounts reclassified from AOCI— 13 15 
Other comprehensive income (loss)(105)(46)— (151)
Balance as of June 30, 2023$(964)$(129)$(266)$(1,359)
(Dollars in millions)Securities AFSCash Flow HedgesPension and
Post-retirement
Plans
Total
Balance as of January 1, 2023$(973)$(127)$(268)$(1,368)
Net unrealized gains (losses)(26)(2)(19)
Amounts reclassified from AOCI— 24 28 
Other comprehensive income (loss)(2)
Balance as of June 30, 2023$(964)$(129)$(266)$(1,359)
Reclassifications from AOCI, and related tax effects, were as follows:
RECLASSIFICATIONS FROM AOCI
(Dollars in millions)Three Months Ended
June 30,
Six Months Ended
June 30,
Details about AOCI2024202320242023Affected line item in the statement where net
income is presented
Cash Flow Hedges:
Realized (gains) losses on cash flow hedges$17 $17 $34 $32 Interest and fees on loans and leases
Tax expense (benefit)(4)(4)(8)(8)Income tax expense
13 13 26 24 
Pension and Postretirement Plans:
Amortization of prior service cost and net actuarial (gain) loss$3 $$6 $Other expense
Tax expense (benefit)(1)— (2)(1)Income tax expense
2 4 
Total reclassification from AOCI$15 $15 $30 $28