Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2023

Other Comprehensive Income [Abstract]

Details of other comprehensive income (loss) are as follows:

Table 75: Other Comprehensive Income (Loss)


	Year ended December 31
	2023						2022						2021
In millions	Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-tax
Debt securities
Net unrealized gains (losses) on securities	$	840	$	(202)	$	638	$	(10,866)	$	2,561	$	(8,305)	$	(2,445)	$	576	$	(1,869)
Less: Net realized gains (losses) reclassified to earnings (a)	(913)		217		(696)		(723)		171		(552)		6		(2)		4
Net change	1,753		(419)		1,334		(10,143)		2,390		(7,753)		(2,451)		578		(1,873)
Cash flow hedge derivatives
Net unrealized gains (losses) on cash flow hedge derivatives	(237)		65		(172)		(3,536)		833		(2,703)		(632)		149		(483)
Less: Net realized gains (losses) reclassified to earnings (a)	(1,540)		376		(1,164)		(260)		61		(199)		494		(117)		377
Net change	1,303		(311)		992		(3,276)		772		(2,504)		(1,126)		266		(860)
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b)	166		(40)		126		(363)		85		(278)		486		(114)		372
Net change	166		(40)		126		(363)		85		(278)		486		(114)		372
Other
Net unrealized gains (losses) on other transactions	5		3		8		(5)		(41)		(46)		4		(4)
Net change	5		3		8		(5)		(41)		(46)		4		(4)
Total other comprehensive income (loss)	$	3,227	$	(767)	$	2,460	$	(13,787)	$	3,206	$	(10,581)	$	(3,087)	$	726	$	(2,361)

(a)Reclassifications for pre-tax debt securities and cash flow hedges are recorded in Interest income and Noninterest income on the Consolidated Income Statement.

(b)Reclassifications include amortization of actuarial losses (gains) and amortization of prior period services costs (credits) which are recorded in Noninterest expense on the Consolidated Income Statement.

Accumulated Other Comprehensive Income (Loss) Components

Table 76: Accumulated Other Comprehensive Income (Loss) Components


In millions, after-tax	Debt securities		Cash flow hedge derivatives		Pension and other postretirement benefit plan adjustments		Other		Accumulated Other Comprehensive Income
Balance at December 31, 2020	$	2,462	$	659	$	(345)	$	(6)	$	2,770
Net activity	(1,873)		(860)		372				(2,361)


Balance at December 31, 2021	$	589	$	(201)	$	27	$	(6)	$	409
Net activity	(7,753)		(2,504)		(278)		(46)		(10,581)
Balance at December 31, 2022 (a)	$	(7,164)	$	(2,705)	$	(251)	$	(52)	$	(10,172)
Net activity	1,334		992		126		8		2,460
Balance at December 31, 2023 (a)	$	(5,830)	$	(1,713)	$	(125)	$	(44)	$	(7,712)

(a)AOCI included pretax losses of $293 million and $314 million from derivatives that hedged the purchase of investment securities classified as held to maturity at December 31, 2023 and December 31, 2022, respectively.