Changes in Accumulated Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2013

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Components of comprehensive income (loss), net of tax

Changes in each component of AOCI for the three years ended December 31 were as follows:

(Millions), net of tax(a)	Net Unrealized Gains (Losses) on Investment Securities		Net Unrealized Gains (Losses) on Cash Flow Hedges		Foreign Currency Translation Adjustments		Net Unrealized Pension and Other Postretirement Benefit Losses		Accumulated Other Comprehensive (Loss) Income
Balances as of December 31, 2010	$	57	$	(7)	$	(503)	$	(464)	$	(917)
Net unrealized gains (losses)		245		(2)						243
Reclassification for realized (gains) losses into earnings		(14)		8						(6)
Net translation of investments in foreign operations						(153)				(153)
Net losses related to hedges of investment in foreign operations						(26)				(26)
Pension and other postretirement benefit losses								(17)		(17)
Net change in accumulated other comprehensive (loss) income		231		6		(179)		(17)		41
Balances as of December 31, 2011		288		(1)		(682)		(481)		(876)
Net unrealized gains (losses)		106								106
Reclassification for realized (gains) losses into earnings		(79)		1		1				(77)
Net translation of investments in foreign operations						215				215
Net losses related to hedges of investment in foreign operations						(288)				(288)
Pension and other postretirement benefit losses								(7)		(7)
Net change in accumulated other comprehensive (loss) income		27		1		(72)		(7)		(51)
Balances as of December 31, 2012		315		―		(754)		(488)		(927)
Net unrealized gains (losses)		(159)								(159)
Reclassification for realized (gains) losses into earnings		(93)								(93)
Net translation of investments in foreign operations						(589)				(589)
Net gains related to hedges of investment in foreign operations						253				253
Pension and other postretirement benefit gains								89		89
Net change in accumulated other comprehensive (loss) income		(252)		―		(336)		89		(499)
Balances as of December 31, 2013	$	63	$	―	$	(1,090)	$	(399)	$	(1,426)

• The following table shows the tax impact for the three years ended December 31 for the changes in each component of accumulated other comprehensive (loss) income:

(Millions)	2013		2012		2011
Investment securities	$	(142)	$	7	$	149
Cash flow hedges		―		1		3
Foreign currency translation adjustments		(49)		24		(40)
Net investment hedges		135		(176)		(14)
Pension and other postretirement benefit losses		56		―		(7)
Total tax impact	$	―	$	(144)	$	91

Accumulated Other Comprehensive Loss Income Tax Effect Disclosure Text Block

• The following table shows the tax impact for the three years ended December 31 for the changes in each component of accumulated other comprehensive (loss) income:

(Millions)	2013		2012		2011
Investment securities	$	(142)	$	7	$	149
Cash flow hedges		―		1		3
Foreign currency translation adjustments		(49)		24		(40)
Net investment hedges		135		(176)		(14)
Pension and other postretirement benefit losses		56		―		(7)
Total tax impact	$	―	$	(144)	$	91

Reclassification out of accumulated other comprehensive (loss) income

The following table presents the effects of reclassifications out of AOCI and into the Consolidated Statement of Income for the year ended December 31, 2013:

(Millions)
Description	Income Statement Line Item	Amount
Net gain in AOCI reclassifications for previously unrealized net gains on investment securities	Other non-interest revenues	$	145
Related income tax expense	Income tax provision		(52)
Total		$	93