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RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2016
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 (Losses) Gains on Derivatives
 
Net Unrealized (Losses) Gains on Securities
 
Employee Benefit Plans
 
Total AOCI

Balance at January 1, 2014
 

($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
 
229

 
165

 
(118
)
 
276

Balance at December 31, 2014
 

($69
)
 

$74

 

($377
)
 

($372
)
Other comprehensive income before reclassifications
 
93

 
(66
)
 
—

 
27

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

 
(22
)
 
—

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

 
(20
)
Net other comprehensive income (loss)
 
79

 
(102
)
 
8

 
(15
)
Balance at December 31, 2015
 

$10

 

($28
)
 

($369
)
 

($387
)
Other comprehensive income before reclassifications
 
(62
)
 
(139
)
 
—

 
(201
)
Other-than-temporary impairment not recognized in earnings on securities
 
—

 
(17
)
 
—

 
(17
)
Amounts reclassified from other comprehensive income
 
(36
)
 
(2
)
 
(25
)
 
(63
)
Net other comprehensive loss
 
(98
)
 
(158
)
 
(25
)
 
(281
)
Balance at December 31, 2016
 

($88
)
 

($186
)
 

($394
)
 

($668
)

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)
2016

 
2015

 
2014

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

$90

 

$82

 

$72

 
Interest income
 
(27
)
 
(59
)
 
(99
)
 
Interest expense
 
(5
)
 
—

 
—

 
Other income
 
58

 
23

 
(27
)
 
Income before income tax expense
 
22

 
9

 
(10
)
 
Income tax expense
 

$36

 

$14

 

($17
)
 
Net income
Reclassification of net securities gains (losses) to net income:

$16

 

$29

 

$28

 
Securities gains, net
 
(12
)
 
(7
)
 
(10
)
 
Net securities impairment losses recognized in earnings
 
4

 
22

 
18

 
Income before income tax expense
 
2

 
8

 
7

 
Income tax expense
 

$2

 

$14

 

$11

 
Net income
Reclassification of changes related to employee benefit plans:

$39

 

($8
)
 

$192

 
Salaries and employee benefits
 
39

 
(8
)
 
192

 
Income before income tax expense
 
14

 
—

 
74

 
Income tax expense
 

$25

 

($8
)
 

$118

 
Net income
Total reclassification gains

$63

 

$20

 

$112

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

 
2015

 
2014

Net interest income (includes $63, $23 and ($27) of AOCI reclassifications, respectively)

$3,758

 

$3,402

 

$3,301

Provision for credit losses
369

 
302

 
319

Noninterest income (includes ($1), $22 and $18 of AOCI reclassifications, respectively)
1,497

 
1,422

 
1,678

Noninterest expense (includes ($39), $8 and ($192) of AOCI reclassifications, respectively)
3,352

 
3,259

 
3,392

Income before income tax expense
1,534

 
1,263

 
1,268

Income tax expense (includes $38, $17 and $71 income tax net expense from reclassification items, respectively)
489

 
423

 
403

Net income

$1,045

 

$840

 

$865