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RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Schedule of other comprehensive income
The following tables present the changes in the balances, net of income taxes, of each component of AOCI:
 
 
As of and for the three months ended September 30,
(in millions)
Net Unrealized Gains (Losses) on Derivatives
 
Net Unrealized Gains (Losses) on Securities
 
Defined Benefit Pension Plans
 
Total AOCI

Balance at beginning of period July 1, 2015

($13
)
 

$27

 

($373
)
 

($359
)
Other comprehensive income before reclassifications
48

 
61

 
—

 
109

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

 
(8
)
 
—

 
(8
)
Amounts reclassified from other comprehensive (loss) income
(4
)
 
—

 
3

 
(1
)
Net other comprehensive income
44

 
53

 
3

 
100

Balance at end of period September 30, 2015

$31

 

$80

 

($370
)
 

($259
)
 
 
 
 
 
 
 
 
Balance at beginning of period July 1, 2016

$39

 

$166

 

($364
)
 

($159
)
Other comprehensive income before reclassifications
(1
)
 
(28
)
 
—

 
(29
)
Other-than-temporary impairment not recognized in earnings on securities
—

 
3

 
—

 
3

Amounts reclassified from other comprehensive (loss) income
(6
)
 
2

 
2

 
(2
)
Net other comprehensive (loss) income
(7
)
 
(23
)
 
2

 
(28
)
Balance at end of period September 30, 2016

$32

 

$143

 

($362
)
 

($187
)
 
 
As of and for the nine months ended September 30,
(in millions)
Net Unrealized Gains (Losses) on Derivatives
 
Net Unrealized Gains (Losses) on Securities
 
Defined Benefit Pension Plans
 
Total AOCI

Balance at beginning of period January 1, 2015

($69
)
 

$74

 

($377
)
 

($372
)
Other comprehensive income before reclassifications
108

 
41

 
—

 
149

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

 
(26
)
 
—

 
(26
)
Amounts reclassified from other comprehensive (loss) income
(8
)
 
(9
)
 
7

 
(10
)
Net other comprehensive income
100

 
6

 
7

 
113

Balance at end of period September 30, 2015

$31

 

$80

 

($370
)
 

($259
)
 
 
 
 
 
 
 
 
Balance at beginning of period January 1, 2016

$10

 

($28
)
 

($369
)
 

($387
)
Other comprehensive income before reclassifications
45

 
190

 
—

 
235

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

 
(18
)
 
—

 
(18
)
Amounts reclassified from other comprehensive (loss) income
(23
)
 
(1
)
 
7

 
(17
)
Net other comprehensive income
22

 
171

 
7

 
200

Balance at end of period September 30, 2016

$32

 

$143

 

($362
)
 

($187
)
Schedule of reclassification out of accumulated other comprehensive income
The following table presents the amounts reclassified out of each component of AOCI and into the Consolidated Statements of Operations:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
(in millions)
2016

 
2015

 
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:

$23

 

$22

 

$66

 

$57

Interest income
 
(8
)
 
(15
)
 
(24
)
 
(44
)
Interest expense
 
(5
)
 
—

 
(5
)
 
—

Other income
 
10

 
7

 
37

 
13

Income before income tax expense
 
4

 
3

 
14

 
5

Income tax expense
 

$6

 

$4

 

$23

 

$8

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

$—

 

$2

 

$13

 

$19

Securities gains, net
 
(3
)
 
(2
)
 
(11
)
 
(5
)
Net securities impairment losses recognized in earnings
 
(3
)
 
—

 
2

 
14

Income before income tax expense
 
(1
)
 
—

 
1

 
5

Income tax expense
 

($2
)
 

$—

 

$1

 

$9

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

($4
)
 

($3
)
 

($12
)
 

($10
)
Salaries and employee benefits
 
(4
)
 
(3
)
 
(12
)
 
(10
)
Income before income tax expense
 
(2
)
 
—

 
(5
)
 
(3
)
Income tax expense
 

($2
)
 

($3
)
 

($7
)
 

($7
)
Net income
Total reclassification gains (losses)

$2

 

$1

 

$17

 

$10

Net income
The following table presents the effects on net income of the amounts reclassified out of AOCI:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2016

 
2015

 
2016

 
2015

Net interest income (includes $15, $7, $42 and $13 of AOCI reclassifications, respectively)

$945

 

$856

 

$2,772

 

$2,532

Provision for credit losses
86

 
76

 
267

 
211

Noninterest income (includes ($8), $0, ($3) and $14 of AOCI reclassifications, respectively)
435

 
353

 
1,120

 
1,060

Noninterest expense (includes $4, $3, $12 and $10 of AOCI reclassifications, respectively)
867

 
798

 
2,505

 
2,449

Income before income tax expense
427

 
335

 
1,120

 
932

Income tax expense (includes $1, $3, $10 and $7 income tax net expense from reclassification items, respectively)
130

 
115

 
357

 
313

Net income

$297

 

$220

 

$763

 

$619