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RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
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, 2013
 

($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 (loss)
 
17

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

 
165

 
(118
)
 
276

Balance at December 31, 2014
 

($69
)
 

$74

 

($377
)
 

($372
)
Other comprehensive income (loss) before reclassifications
 
93

 
(66
)
 
—

 
27

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

 
(22
)
 
—

 
(22
)
Amounts reclassified from other comprehensive (loss) income
 
(14
)
 
(14
)
 
8

 
(20
)
Net other comprehensive (loss) income
 
79

 
(102
)
 
8

 
(15
)
Balance at December 31, 2015
 

$10

 

($28
)
 

($369
)
 

($387
)

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)
2015

 
2014

 
2013

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

$82

 

$72

 

$56

 
Interest income
 
(59
)
 
(99
)
 
(235
)
 
Interest expense
 
—

 
—

 
(1
)
 
Other income
 
23

 
(27
)
 
(180
)
 
Income (loss) before income tax expense (benefit)
 
9

 
(10
)
 
(66
)
 
Income tax expense (benefit)
 

$14

 

($17
)
 

($114
)
 
Net income (loss)
Reclassification of net securities gains (losses) to net income:

$29

 

$28

 

$144

 
Securities gains, net
 
(7
)
 
(10
)
 
(8
)
 
Net securities impairment losses recognized in earnings
 
22

 
18

 
136

 
Income (loss) before income tax expense (benefit)
 
8

 
7

 
50

 
Income tax expense (benefit)
 

$14

 

$11

 

$86

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

($8
)
 

$192

 

($190
)
 
Salaries and employee benefits
 
(8
)
 
192

 
(190
)
 
Income (loss) before income tax expense (benefit)
 
—

 
74

 
(71
)
 
Income tax expense (benefit)
 

($8
)
 

$118

 

($119
)
 
Net income (loss)
Total reclassification gains (losses)

$20

 

$112

 

($147
)
 
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)
2015

 
2014

 
2013

Net interest income (includes $23, ($27) and ($179) of AOCI reclassifications, respectively)

$3,402

 

$3,301

 

$3,058

Provision for credit losses
302

 
319

 
479

Noninterest income (includes $22, $18 and $135 of AOCI reclassifications, respectively)
1,422

 
1,678

 
1,632

Noninterest expense (includes $8, ($192) and $190 of AOCI reclassifications, respectively)
3,259

 
3,392

 
7,679

Income (loss) before income tax expense (benefit)
1,263

 
1,268

 
(3,468
)
Income tax expense (benefit) (includes $17, $71 and ($87) income tax net expense (benefit) from reclassification items, respectively)
423

 
403

 
(42
)
Net income (loss)

$840

 

$865

 

($3,426
)