XML 70 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME
 9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME
The following tables present the changes in the balances, net of taxes, of each component of AOCI:
(in millions)
 
Net Unrealized Gains (Losses) on Derivatives
 
Net Unrealized Gains (Losses) on Securities
 
Defined Benefit Pension Plans
 
Total AOCI

Balance at December 31, 2012
 

($240
)
 

$306

 

($378
)
 

($312
)
Other comprehensive loss before reclassifications
 
(121
)
 
(184
)
 
—

 
(305
)
Other-than-temporary impairment not recognized in earnings on securities
 
—

 
(35
)
 
—

 
(35
)
Amounts reclassified from other comprehensive income
 
79

 
(71
)
 
5

 
13

Net other comprehensive (loss) income
 
(42
)
 
(290
)
 
5

 
(327
)
Balance at September 30, 2013
 

($282
)
 

$16

 

($373
)
 

($639
)
(in millions)
 
Net Unrealized Gains (Losses) on Derivatives
 
Net Unrealized Gains (Losses) on Securities
 
Defined Benefit Pension Plans
 
Total AOCI

Balance at December 31, 2013
 

($298
)
 

($91
)
 

($259
)
 

($648
)
Other comprehensive income before reclassifications
 
137

 
127

 
—

 
264

Other-than-temporary impairment not recognized in earnings on securities
 
—

 
(22
)
 
—

 
(22
)
Amounts reclassified from other comprehensive income
 
16

 
(13
)
 
(32
)
 
(29
)
Net other comprehensive income
 
153

 
92

 
(32
)
 
213

Balance at September 30, 2014
 

($145
)
 

$1

 

($291
)
 

($435
)

The following table reports the amounts reclassified out of each component of OCI and into the Consolidated Statements of Operations:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
(in millions)
 
2014
 
2013
 
2014
 
2013
 
 
Details about AOCI Components
 
Amount Reclassified from AOCI
 
Affected Line Item in the Consolidated Statements of Operations
Reclassification adjustment for net derivative gains (losses) included in net income (loss):
 

$18

 

$18

 

$54

 

$38

 
Interest income
 
 
(23
)
 
(48
)
 
(79
)
 
(160
)
 
Interest expense
 
 
—

 
—

 
—

 
(2
)
 
Other income
 
 
(5
)
 
(30
)
 
(25
)
 
(124
)
 
Income (loss) before income tax expense (benefit)
 
 
(2
)
 
(11
)
 
(9
)
 
(45
)
 
Income tax expense (benefit)
 
 

($3
)
 

($19
)
 

($16
)
 

($79
)
 
Net income (loss)
Reclassification of net securities gains (losses) to net income (loss):
 

$2

 

$25

 

$27

 

$119

 
Securities gains, net
 
 
(1
)
 
(3
)
 
(7
)
 
(7
)
 
Net impairment losses recognized in earnings
 
 
1

 
22

 
20

 
112

 
Income (loss) before income tax expense (benefit)
 
 
—

 
7

 
7

 
41

 
Income tax expense (benefit)
 
 

$1

 

$15

 

$13

 

$71

 
Net income (loss)
Reclassification of changes related to the employee benefit plan:
 

$52

 

($3
)
 

$49

 

($9
)
 
Salaries and employee benefits
 
 
52

 
(3
)
 
49

 
(9
)
 
Income (loss) before income tax expense (benefit)
 
 
18

 
(1
)
 
17

 
(4
)
 
Income tax expense (benefit)
 
 

$34

 

($2
)
 

$32

 

($5
)
 
Net income (loss)
Total reclassification losses
 

$32

 

($6
)
 

$29

 

($13
)
 
Net income (loss)


The following table presents the effects to net income of the amounts reclassified out of OCI:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2014
 
2013
 
2014
 
2013
Net interest income (includes ($5), ($30), ($25) and ($122) of AOCI reclassifications, respectively)

$820

 

$770

 

$2,461

 

$2,279

Provision for credit losses
77

 
145

 
247

 
347

Noninterest income (includes $1, $22, $20 and $110 of AOCI reclassifications, respectively)
341

 
383

 
1,339

 
1,253

Noninterest expense (includes ($52), $3, ($49) and $9 of AOCI reclassifications, respectively)
810

 
788

 
2,568

 
6,861

Income before income tax expense (benefit)
274

 
220

 
985

 
(3,676
)
Income tax expense (benefit) (includes $16, ($5), $15 and ($8) income tax net expense and (benefit) from reclassification items, respectively)
85

 
76

 
317

 
(98
)
Net income (loss)

$189

 

$144

 

$668

 

($3,578
)