ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

3 Months Ended

Dec. 31, 2020

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

All of the components of OCI, net of tax, were attributable to RJF. The following table presents the net change in AOCI as well as the changes, and the related tax effects, of each component of AOCI.


$ in millions	Net investment hedges		Currency translations		Subtotal: net investment hedges and currency translations		Available- for-sale securities		Cash flow hedges		Total
Three months ended December 31, 2020
AOCI as of beginning of period	$	115	$	(140)	$	(25)	$	89	$	(53)	$	11
OCI:
OCI before reclassifications and taxes	(38)		45		7		(18)		3		(8)
Amounts reclassified from AOCI, before tax	—		2		2		(5)		4		1
Pre-tax net OCI	(38)		47		9		(23)		7		(7)
Income tax effect	9		—		9		6		(2)		13
OCI for the period, net of tax	(29)		47		18		(17)		5		6
AOCI as of end of period	$	86	$	(93)	$	(7)	$	72	$	(48)	$	17











Three months ended December 31, 2019
AOCI as of beginning of period	$	110	$	(135)	$	(25)	$	21	$	(19)	$	(23)
OCI:
OCI before reclassifications and taxes	(17)		22		5		(2)		14		17
Amounts reclassified from AOCI, before tax	—		—		—		—		—		—
Pre-tax net OCI	(17)		22		5		(2)		14		17
Income tax effect	4		—		4		1		(4)		1
OCI for the period, net of tax	(13)		22		9		(1)		10		18
AOCI as of end of period	$	97	$	(113)	$	(16)	$	20	$	(9)	$	(5)

Reclassifications from AOCI to net income, excluding taxes, for the three months ended December 31, 2020 were primarily recorded in “Other” revenue and “Interest expense” on the Condensed Consolidated Statements of Income and Comprehensive Income.

Our net investment hedges and cash flow hedges relate to our derivatives associated with RJ Bank’s business operations. See Note 2 of our 2020 Form 10-K and Note 6 for additional information on these derivatives.