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RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 9 Months Ended
Sep. 30, 2018
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 (Losses) Gains on Derivatives
 
Net Unrealized (Losses) Gains on Debt Securities
 
Employee Benefit Plans
 
Total AOCI

Balance at July 1, 2017

($76
)
 

($128
)
 

($389
)
 

($593
)
Other comprehensive income before reclassifications
(1
)
 
13

 
—

 
12

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

 
—

 
—

 
—

Amounts reclassified to the Consolidated Statements of Operations
(2
)
 
(1
)
 
3

 
—

Net other comprehensive income
(3
)
 
12

 
3

 
12

Balance at September 30, 2017

($79
)
 

($116
)
 

($386
)
 

($581
)
Balance at July 1, 2018

($200
)
 

($575
)
 

($435
)
 

($1,210
)
Other comprehensive loss before reclassifications
(26
)
 
(95
)
 
—

 
(121
)
Other-than-temporary impairment not recognized in earnings on debt securities
—

 
—

 
—

 
—

Amounts reclassified to the Consolidated Statements of Operations
11

 
(2
)
 
4

 
13

Net other comprehensive loss
(15
)
 
(97
)
 
4

 
(108
)
Balance at September 30, 2018

($215
)
 

($672
)
 

($431
)
 

($1,318
)

 
 
As of and for the Nine Months Ended September 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
22

 
74

 
—

 
96

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

 
(2
)
 
—

 
(2
)
Amounts reclassified to the Consolidated Statements of Operations
(13
)
 
(2
)
 
8

 
(7
)
Net other comprehensive income
9

 
70

 
8

 
87

Balance at September 30, 2017

($79
)
 

($116
)
 

($386
)
 

($581
)
Balance at January 1, 2018

($143
)
 

($236
)
 

($441
)
 

($820
)
Other comprehensive loss before reclassifications
(91
)
 
(427
)
 
—

 
(518
)
Other-than-temporary impairment not recognized in earnings on debt securities
—

 
(1
)
 
—

 
(1
)
Amounts reclassified to the Consolidated Statements of Operations
19

 
(8
)
 
10

 
21

Net other comprehensive loss
(72
)
 
(436
)
 
10

 
(498
)
Balance at September 30, 2018

($215
)
 

($672
)
 

($431
)
 

($1,318
)
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)
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:

($17
)
 

$3

 

($36
)
 

$23

Interest income
 
3

 
1

 
11

 
(2
)
Interest expense
 
(14
)
 
4

 
(25
)
 
21

Income before income tax expense
 
(3
)
 
2

 
(6
)
 
8

Income tax expense
 

($11
)
 

$2

 

($19
)
 

$13

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

$3

 

$2

 

$13

 

$9

Securities gains, net
 
(1
)
 
(1
)
 
(3
)
 
(6
)
Net debt securities impairment losses recognized in earnings
 
2

 
1

 
10

 
3

Income before income tax expense
 
—

 
—

 
2

 
1

Income tax expense
 

$2

 

$1

 

$8

 

$2

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

($5
)
 

($5
)
 

($13
)
 

($14
)
Other operating expense
 
(5
)
 
(5
)
 
(13
)
 
(14
)
Income before income tax expense
 
(1
)
 
(2
)
 
(3
)
 
(6
)
Income tax expense
 

($4
)
 

($3
)
 

($10
)
 

($8
)
Net income
Total reclassification (losses) gains

($13
)
 

$—

 

($21
)
 

$7

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)
2018

 
2017

 
2018

 
2017

Net interest income (includes ($14), $4, ($25) and $21 of AOCI reclassifications, respectively)

$1,148

 

$1,062

 

$3,360

 

$3,093

Provision for credit losses
78

 
72

 
241

 
238

Noninterest income (includes $2, $1, $10 and $3 of AOCI reclassifications, respectively)
416

 
381

 
1,175

 
1,130

Noninterest expense includes $5, $5, $13 and $14 of AOCI reclassifications, respectively)
910

 
858

 
2,668

 
2,576

Income before income tax expense
576

 
513

 
1,626

 
1,409

Income tax expense (includes ($4), $0, ($7) and $3 income tax net expense from reclassification items, respectively)
133

 
165

 
370

 
423

Net income

$443

 

$348

 

$1,256

 

$986