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Components of Other Comprehensive Income (Loss)
9 Months Ended
Sep. 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 nine months ended September 30, 2024 and 2023:
ACCUMULATED OTHER COMPREHENSIVE INCOME
(Dollars in millions)Securities AFSCash Flow HedgesPension and
Post-retirement
Plans
Total
Balance as of July 1, 2024$(901)$(112)$(268)$(1,281)
Net unrealized gains (losses)232 45 — 277 
Amounts reclassified from AOCI— 13 15 
Other comprehensive income (loss)232 58 292 
Balance as of September 30, 2024$(669)$(54)$(266)$(989)
(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)167 (13)— 154 
Amounts reclassified from AOCI— 39 45 
Other comprehensive income (loss)167 26 199 
Balance as of September 30, 2024$(669)$(54)$(266)$(989)

(Dollars in millions)Securities AFSCash Flow HedgesPension and
Post-retirement
Plans
Total
Balance as of July 1, 2023$(964)$(129)$(266)$(1,359)
Net unrealized gains (losses)(206)(34)(239)
Amounts reclassified from AOCI— 14 16 
Other comprehensive income (loss)(206)(20)(223)
Balance as of September 30, 2023$(1,170)$(149)$(263)$(1,582)
(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)(197)(60)(1)(258)
Amounts reclassified from AOCI— 38 44 
Other comprehensive income (loss)(197)(22)(214)
Balance as of September 30, 2023$(1,170)$(149)$(263)$(1,582)
Reclassifications from AOCI, and related tax effects, were as follows:
RECLASSIFICATIONS FROM AOCI
(Dollars in millions)Three Months Ended
September 30,
Nine Months Ended
September 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 $18 $51 $50 Interest and fees on loans and leases
Tax expense (benefit)(4)(4)(12)(12)Income tax expense
13 14 39 38 
Pension and Postretirement Plans:
Amortization of prior service cost and net actuarial (gain) loss$3 $$8 $Other expense
Tax expense (benefit)(1)(1)(2)(2)Income tax expense
2 6 
Total reclassification from AOCI$15 $16 $45 $44