XML 46 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 6 Months Ended
Jun. 30, 2017
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:
 
 
As of and for the three months ended June 30,
(in millions)
Net Unrealized (Losses) Gains on Derivatives
 
Net Unrealized (Losses) Gains on Securities
 
Employee Benefit Plans
 
Total AOCI

Balance at April 1, 2016

$35

 

$96

 

($367
)
 

($236
)
Other comprehensive income before reclassifications
13

 
64

 
—

 
77

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

 
4

 
—

 
4

Amounts reclassified from other comprehensive (loss) income
(9
)
 
2

 
3

 
(4
)
Net other comprehensive income
4

 
70

 
3

 
77

Balance at June 30, 2016

$39

 

$166

 

($364
)
 

($159
)
Balance at April 1, 2017

($97
)
 

($195
)
 

($391
)
 

($683
)
Other comprehensive income before reclassifications
26

 
56

 
—

 
82

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

 
10

 
—

 
10

Amounts reclassified from other comprehensive (loss) income
(5
)
 
1

 
2

 
(2
)
Net other comprehensive income
21

 
67

 
2

 
90

Balance at June 30, 2017

($76
)
 

($128
)
 

($389
)
 

($593
)

 
 
As of and for the six months ended June 30,
(in millions)
Net Unrealized (Losses) Gains on Derivatives
 
Net Unrealized (Losses) Gains on Securities
 
Employee Benefit Plans
 
Total AOCI

Balance at January 1, 2016

$10

 

($28
)
 

($369
)
 

($387
)
Other comprehensive income before reclassifications
46

 
218

 
—

 
264

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

 
(21
)
 
—

 
(21
)
Amounts reclassified from other comprehensive (loss) income
(17
)
 
(3
)
 
5

 
(15
)
Net other comprehensive income
29

 
194

 
5

 
228

Balance at June 30, 2016

$39

 

$166

 

($364
)
 

($159
)
Balance at January 1, 2017

($88
)
 

($186
)
 

($394
)
 

($668
)
Other comprehensive income before reclassifications
23

 
61

 
—

 
84

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

 
(2
)
 
—

 
(2
)
Amounts reclassified from other comprehensive (loss) income
(11
)
 
(1
)
 
5

 
(7
)
Net other comprehensive income
12

 
58

 
5

 
75

Balance at June 30, 2017

($76
)
 

($128
)
 

($389
)
 

($593
)



The following table presents the amounts reclassified out of each component of AOCI and into the Consolidated Statements of Operations:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
(in millions)
2017

 
2016

 
2017

 
2016

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

$8

 

$21

 

$20

 

$43

Interest income
 
(1
)
 
(8
)
 
(3
)
 
(16
)
Interest expense
 
7

 
13

 
17

 
27

Income before income tax expense
 
2

 
4

 
6

 
10

Income tax expense
 

$5

 

$9

 

$11

 

$17

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

$3

 

$4

 

$7

 

$13

Securities gains, net
 
(4
)
 
(7
)
 
(5
)
 
(8
)
Net securities impairment losses recognized in earnings
 
(1
)
 
(3
)
 
2

 
5

Income before income tax expense
 
—

 
(1
)
 
1

 
2

Income tax expense
 

($1
)
 

($2
)
 

$1

 

$3

Net income
Reclassification of changes related to the employee benefit plan:

($4
)
 

($4
)
 

($9
)
 

($8
)
Salaries and employee benefits
 
(4
)
 
(4
)
 
(9
)
 
(8
)
Income before income tax expense
 
(2
)
 
(1
)
 
(4
)
 
(3
)
Income tax expense
 

($2
)
 

($3
)
 

($5
)
 

($5
)
Net income
Total reclassification gains

$2

 

$4

 

$7

 

$15

Net income

The following table presents the effects on net income of the amounts reclassified out of AOCI:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in millions)
2017

 
2016

 
2017

 
2016

Net interest income (includes $7, $13, $17 and $27 of AOCI reclassifications, respectively)

$1,026

 

$923

 

$2,031

 

$1,827

Provision for credit losses
70

 
90

 
166

 
181

Noninterest income (includes ($1), ($3), $2 and $5 of AOCI reclassifications, respectively)
370

 
355

 
749

 
685

Noninterest expense (includes $4, $4, $9 and $8 of AOCI reclassifications, respectively)
864

 
827

 
1,718

 
1,638

Income before income tax expense
462

 
361

 
896

 
693

Income tax expense (includes $0, $2, $3 and $9 income tax net expense from reclassification items, respectively)
144

 
118

 
258

 
227

Net income

$318

 

$243

 

$638

 

$466