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RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 6 Months Ended
Jun. 30, 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 June 30,
(in millions)
Net Unrealized (Losses) Gains on Derivatives
 
Net Unrealized (Losses) Gains on Debt Securities
 
Employee Benefit Plans
 
Total AOCI

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 debt securities
—

 
10

 
—

 
10

Amounts reclassified to the Consolidated Statements of Operations
(5
)
 
1

 
2

 
(2
)
Net other comprehensive income
21

 
67

 
2

 
90

Balance at June 30, 2017

($76
)
 

($128
)
 

($389
)
 

($593
)
Balance at April 1, 2018

($193
)
 

($514
)
 

($438
)
 

($1,145
)
Other comprehensive loss before reclassifications
(13
)
 
(60
)
 
—

 
(73
)
Other-than-temporary impairment not recognized in earnings on debt securities
—

 
—

 
—

 
—

Amounts reclassified to the Consolidated Statements of Operations
6

 
(1
)
 
3

 
8

Net other comprehensive loss
(7
)
 
(61
)
 
3

 
(65
)
Balance at June 30, 2018

($200
)
 

($575
)
 

($435
)
 

($1,210
)

 
 
As of and for the Six Months Ended June 30,
(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 income before reclassifications
23

 
61

 
—

 
84

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

 
(2
)
 
—

 
(2
)
Amounts reclassified to the Consolidated Statements of Operations
(11
)
 
(1
)
 
5

 
(7
)
Net other comprehensive income
12

 
58

 
5

 
75

Balance at June 30, 2017

($76
)
 

($128
)
 

($389
)
 

($593
)
Balance at January 1, 2018

($143
)
 

($236
)
 

($441
)
 

($820
)
Other comprehensive loss before reclassifications
(65
)
 
(332
)
 
—

 
(397
)
Other-than-temporary impairment not recognized in earnings on debt securities
—

 
(1
)
 
—

 
(1
)
Amounts reclassified to the Consolidated Statements of Operations
8

 
(6
)
 
6

 
8

Net other comprehensive loss
(57
)
 
(339
)
 
6

 
(390
)
Balance at June 30, 2018

($200
)
 

($575
)
 

($435
)
 

($1,210
)
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 June 30,
 
Six Months Ended June 30,
 
(in millions)
2018

 
2017

 
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:

($13
)
 

$8

 

($19
)
 

$20

Interest income
 
4

 
(1
)
 
8

 
(3
)
Interest expense
 
(9
)
 
7

 
(11
)
 
17

Income before income tax expense
 
(3
)
 
2

 
(3
)
 
6

Income tax expense
 

($6
)
 

$5

 

($8
)
 

$11

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

$2

 

$3

 

$10

 

$7

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

 
(1
)
 
8

 
2

Income before income tax expense
 
—

 
—

 
2

 
1

Income tax expense
 

$1

 

($1
)
 

$6

 

$1

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

($4
)
 

($4
)
 

($8
)
 

($9
)
Other operating expense
 
(4
)
 
(4
)
 
(8
)
 
(9
)
Income before income tax expense
 
(1
)
 
(2
)
 
(2
)
 
(4
)
Income tax expense
 

($3
)
 

($2
)
 

($6
)
 

($5
)
Net income
Total reclassification (losses) gains

($8
)
 

$2

 

($8
)
 

$7

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)
2018

 
2017

 
2018

 
2017

Net interest income (includes ($9), $7, ($11) and $17 of AOCI reclassifications, respectively)

$1,121

 

$1,026

 

$2,212

 

$2,031

Provision for credit losses
85

 
70

 
163

 
166

Noninterest income (includes $1, ($1), $8 and $2 of AOCI reclassifications, respectively)
388

 
370

 
759

 
749

Noninterest expense (includes $4, $4, $8 and $9 of AOCI reclassifications, respectively)
875

 
864

 
1,758

 
1,718

Income before income tax expense
549

 
462

 
1,050

 
896

Income tax expense (includes ($4), $0, ($3) and $3 income tax net expense from reclassification items, respectively)
124

 
144

 
237

 
258

Net income

$425

 

$318

 

$813

 

$638