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RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME
The following table presents the changes in the balances, net of income 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 January 1, 2012
 

($426
)
 

$251

 

($353
)
 

($528
)
Other comprehensive (loss) income before reclassifications
 
(26
)
 
138

 
—

 
112

Other than temporary impairment not recognized in earnings on securities
 
—

 
(38
)
 
—

 
(38
)
Amounts reclassified from other comprehensive income
 
212

 
(45
)
 
(25
)
 
142

Net other comprehensive income (loss)
 
186

 
55

 
(25
)
 
216

Balance at December 31, 2012
 
(240
)
 
306

 
(378
)
 
(312
)
Other comprehensive loss before reclassifications
 
(172
)
 
(285
)
 
—

 
(457
)
Other than temporary impairment not recognized in earnings on securities
 
—

 
(26
)
 
—

 
(26
)
Amounts reclassified from other comprehensive income
 
114

 
(86
)
 
119

 
147

Net other comprehensive (loss) income
 
(58
)
 
(397
)
 
119

 
(336
)
Balance at December 31, 2013
 
(298
)
 
(91
)
 
(259
)
 
(648
)
Other comprehensive income before reclassifications
 
212

 
198

 
—

 
410

Other than temporary impairment not recognized in earnings on securities
 
—

 
(22
)
 
—

 
(22
)
Amounts reclassified from other comprehensive income
 
17

 
(11
)
 
(118
)
 
(112
)
Net other comprehensive income (loss)
 
229

 
165

 
(118
)
 
276

Balance at December 31, 2014
 

($69
)
 

$74

 

($377
)
 

($372
)

The following table reports the amounts reclassified out of each component of AOCI and into the Consolidated Statements of Operations:
 
 
Year Ended December 31,
 
 
(in millions)
 
2014

 
2013

 
2012

 
 
Details about AOCI Components
 
 
 
 
 
 
 
Affected Line Item in the Consolidated Statements of Operations
Reclassification adjustment for net derivative gains (losses) included in net income (loss):
 

$72

 

$56

 

$—

 
Interest income
 
 
(99
)
 
(235
)
 
(335
)
 
Interest expense
 
 
—

 
(1
)
 
—

 
Other income
 
 
(27
)
 
(180
)
 
(335
)
 
Income (loss) before income tax expense (benefit)
 
 
(10
)
 
(66
)
 
(123
)
 
Income tax expense (benefit)
 
 

($17
)
 

($114
)
 

($212
)
 
Net income (loss)
Reclassification of net securities gains (losses) to net income (loss):
 

$28

 

$144

 

$95

 
Securities gains, net
 
 
(10
)
 
(8
)
 
(24
)
 
Net impairment losses recognized in earnings
 
 
18

 
136

 
71

 
Income (loss) before income tax expense (benefit)
 
 
7

 
50

 
26

 
Income tax expense (benefit)
 
 

$11

 

$86

 

$45

 
Net income (loss)
Reclassification of changes related to defined benefit pension plans:
 

$192

 

($190
)
 

$40

 
Salaries and employee benefits
 
 
192

 
(190
)
 
40

 
Income (loss) before income tax expense (benefit)
 
 
74

 
(71
)
 
15

 
Income tax expense (benefit)
 
 

$118

 

($119
)
 

$25

 
Net income (loss)
Total reclassification gains (losses)
 

$112

 

($147
)
 

($142
)
 
Net income (loss)

The following table presents the effects to net income of the amounts reclassified out of AOCI:
 
Year Ended December 31,
(in millions)
2014

 
2013

 
2012

Net interest income (includes ($27), ($179) and ($335) of AOCI reclassifications, respectively)

$3,301

 

$3,058

 

$3,227

Provision for credit losses
319

 
479

 
413

Noninterest income (includes $18, $135 and $71 of AOCI reclassifications, respectively)
1,678

 
1,632

 
1,667

Noninterest expense (includes ($192), $190 and ($40) of AOCI reclassifications, respectively)
3,392

 
7,679

 
3,457

Income (loss) before income tax expense (benefit)
1,268

 
(3,468
)
 
1,024

Income tax expense (benefit) (includes $71, ($87) and $82 income tax net expense and (benefit) from reclassification items, respectively)
403

 
(42
)
 
381

Net income (loss)

$865

 

($3,426
)
 

$643