XML 52 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 3 Months Ended
Mar. 31, 2018
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:
 
 
As of and for the Three Months Ended March 31,
(in millions)
Net Unrealized (Losses) Gains on Derivatives
 
Net Unrealized (Losses) Gains on Debt Securities
 
Employee Benefit Plans
 
Total AOCI

Balance at January 1, 2017

($88
)
 

($186
)
 

($394
)
 

($668
)
Other comprehensive (loss) income before reclassifications
(3
)
 
5

 
—

 
2

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

 
(12
)
 
—

 
(12
)
Amounts reclassified from other comprehensive (loss) income
(6
)
 
(2
)
 
3

 
(5
)
Net other comprehensive (loss) income
(9
)
 
(9
)
 
3

 
(15
)
Balance at March 31, 2017

($97
)
 

($195
)
 

($391
)
 

($683
)
Balance at January 1, 2018

($143
)
 

($236
)
 

($441
)
 

($820
)
Other comprehensive loss before reclassifications
(52
)
 
(272
)
 
—

 
(324
)
Other-than-temporary impairment not recognized in earnings on debt securities
—

 
(1
)
 
—

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

 
(5
)
 
3

 
—

Net other comprehensive (loss) income
(50
)
 
(278
)
 
3

 
(325
)
Balance at March 31, 2018

($193
)
 

($514
)
 

($438
)
 

($1,145
)
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 March 31,
 
(in millions)
2018

 
2017

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

($6
)
 

$12

Interest income
 
4

 
(2
)
Interest expense
 
(2
)
 
10

Income before income tax expense
 
—

 
4

Income tax expense
 

($2
)
 

$6

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

$8

 

$4

Securities gains, net
 
(1
)
 
(1
)
Net debt securities impairment losses recognized in earnings
 
7

 
3

Income before income tax expense
 
2

 
1

Income tax expense
 

$5

 

$2

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

($4
)
 

($5
)
Other operating expense
 
(4
)
 
(5
)
Income before income tax expense
 
(1
)
 
(2
)
Income tax expense
 

($3
)
 

($3
)
Net income
Total reclassification gains

$—

 

$5

Net income

The following table presents the effects on net income of the amounts reclassified out of AOCI:
 
Three Months Ended March 31,
(in millions)
2018

 
2017

Net interest income (includes ($2) and $10 of AOCI reclassifications, respectively)

$1,091

 

$1,005

Provision for credit losses
78

 
96

Noninterest income (includes $7 and $3 of AOCI reclassifications, respectively)
371

 
379

Noninterest expense (includes $4 and $5 of AOCI reclassifications, respectively)
883

 
854

Income before income tax expense
501

 
434

Income tax expense (includes $1 and $3 income tax net expense from reclassification items, respectively)
113

 
114

Net income

$388

 

$320