ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 10 - 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 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, 2019		($6	)		($25	)		($457	)		($488	)
Other comprehensive income before reclassifications	(4		)	42			—			38
Other-than-temporary impairment not recognized in earnings on debt securities	—			(1		)	—			(1		)
Amounts reclassified to the Consolidated Statements of Operations	10			(2		)	3			11
Net other comprehensive income	6			39			3			48
Balance at September 30, 2019		$—			$14			($454	)		($440	)
Balance at July 1, 2020		$54			$448			($408	)		$94
Other comprehensive (loss) income before reclassifications	—			(44		)	—			(44		)
Amounts reclassified to the Consolidated Statements of Operations	(42		)	(1		)	3			(40		)
Net other comprehensive (loss) income	(42		)	(45		)	3			(84		)
Balance at September 30, 2020		$12			$403			($405	)		$10
Primary location of amounts reclassified to the Consolidated Statements of Operations	Net interest income			Securities gains, net			Other operating expense

	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, 2019		($143	)		($490	)		($463	)		($1,096	)
Other comprehensive income before reclassifications	103			509			—			612
Amounts reclassified to the Consolidated Statements of Operations	40			(10		)	9			39
Net other comprehensive income	143			499			9			651
Cumulative effect of change in accounting principle	—			5			—			5
Balance at September 30, 2019		$—			$14			($454	)		($440	)
Balance at January 1, 2020		$3			$1			($415	)		($411	)
Other comprehensive income before reclassifications	88			405			—			493
Amounts reclassified to the Consolidated Statements of Operations	(79		)	(3		)	10			(72		)
Net other comprehensive income	9			402			10			421
Balance at September 30, 2020		$12			$403			($405	)		$10
Primary location of amounts reclassified to the Consolidated Statements of Operations	Net interest income			Securities gains, net			Other operating expense