XML 67 R46.htm IDEA: XBRL DOCUMENT v3.4.0.3
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Schedule of 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, 2015
 

($69
)
 

$74

 

($377
)
 

($372
)
Other comprehensive income before reclassifications
 
65

 
90

 
—

 
155

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

 
(19
)
 
—

 
(19
)
Amounts reclassified from other comprehensive (loss) income
 
(2
)
 
(4
)
 
2

 
(4
)
Net other comprehensive income
 
63

 
67

 
2

 
132

Balance at March 31, 2015
 

($6
)
 

$141

 

($375
)
 

($240
)
Balance at January 1, 2016
 

$10

 

($28
)
 

($369
)
 

($387
)
Other comprehensive income before reclassifications
 
33

 
154

 
—

 
187

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

 
(25
)
 
—

 
(25
)
Amounts reclassified from other comprehensive (loss) income
 
(8
)
 
(5
)
 
2

 
(11
)
Net other comprehensive income
 
25

 
124

 
2

 
151

Balance at March 31, 2016
 

$35

 

$96

 

($367
)
 

($236
)
Schedule of reclassification out of accumulated other comprehensive income
The following table reports the amounts reclassified out of each component of AOCI and into the Consolidated Statements of Operations:
 
Three Months Ended March 31,
 
 
(in millions)
2016

 
2015

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

$22

 

$18

 
Interest income
 
(8
)
 
(15
)
 
Interest expense
 
14

 
3

 
Income before income tax expense
 
6

 
1

 
Income tax expense
 

$8

 

$2

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

$9

 

$8

 
Securities gains, net
 
(1
)
 
(1
)
 
Net securities impairment losses recognized in earnings
 
8

 
7

 
Income before income tax expense
 
3

 
3

 
Income tax expense
 

$5

 

$4

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

($4
)
 

($3
)
 
Salaries and employee benefits
 
(4
)
 
(3
)
 
Income before income tax expense
 
(2
)
 
(1
)
 
Income tax expense
 

($2
)
 

($2
)
 
Net income
Total reclassification gains (losses)

$11

 

$4

 
Net income
The following table presents the effects to net income of the amounts reclassified out of AOCI:
 
Three Months Ended March 31,
(in millions)
2016

 
2015

Net interest income (includes $14 and $3 of AOCI reclassifications, respectively)

$904

 

$836

Provision for credit losses
91

 
58

Noninterest income (includes $8 and $7 of AOCI reclassifications, respectively)
330

 
347

Noninterest expense (includes $4 and $3 of AOCI reclassifications, respectively)
811

 
810

Income before income tax expense
332

 
315

Income tax expense (includes $7 and $3 income tax net expense (benefit) from reclassification items, respectively)
109

 
106

Net income

$223

 

$209