Other Comprehensive Income

12 Months Ended

Dec. 31, 2024

Other Comprehensive Income [Abstract]

OTHER COMPREHENSIVE INCOME

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

Table 83: Other Comprehensive Income (Loss)


	Year ended December 31
	2024						2023						2022
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	$	(363)	$	89	$	(274)	$	840	$	(202)	$	638	$	(10,866)	$	2,561	$	(8,305)
Less: Net realized gains (losses) reclassified to earnings (a)	(1,328)		323		(1,005)		(913)		217		(696)		(723)		171		(552)
Net change	965		(234)		731		1,753		(419)		1,334		(10,143)		2,390		(7,753)
Cash flow hedge derivatives
Net unrealized gains (losses) on cash flow hedge derivatives	(790)		192		(598)		(237)		65		(172)		(3,536)		833		(2,703)
Less: Net realized gains (losses) reclassified to earnings (a)	(1,317)		320		(997)		(1,540)		376		(1,164)		(260)		61		(199)
Net change	527		(128)		399		1,303		(311)		992		(3,276)		772		(2,504)
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b)	21		(5)		16		166		(40)		126		(363)		85		(278)
Net change	21		(5)		16		166		(40)		126		(363)		85		(278)
Other
Net unrealized gains (losses) on other transactions	1				1		5		3		8		(5)		(41)		(46)
Net change	1				1		5		3		8		(5)		(41)		(46)
Total other comprehensive income (loss)	$	1,514	$	(367)	$	1,147	$	3,227	$	(767)	$	2,460	$	(13,787)	$	3,206	$	(10,581)

(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.

Table 84: 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, 2021	$	589	$	(201)	$	27	$	(6)	$	409
Net activity	(7,753)		(2,504)		(278)		(46)		(10,581)


Balance at December 31, 2022	$	(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)
Net activity	731		399		16		1		1,147
Balance at December 31, 2024 (a)	$	(5,099)	$	(1,314)	$	(109)	$	(43)	$	(6,565)

(a)AOCI included pretax losses of $275 million and $293 million from derivatives that hedged the purchase of investment securities classified as held-to-maturity at December 31, 2024 and December 31, 2023, respectively.