ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2025

The following table summarizes the components of the Company’s OCI:


(dollars in millions)	Pre-tax	Tax Effect	After-tax
Three Months Ended September 30, 2025
Net unrealized gains (losses) on cash flow hedges arising during the period	($21)	$5	($16)
Reclassification of net (gains) losses on cash flow hedges to earnings	197	(53)	144
Net unrealized gains (losses) on cash flow hedges	176	(48)	128
Net unrealized gains (losses) on AFS securities arising during the period	300	(77)	223
Reclassification of net (gains) losses on investment securities to earnings	24	(6)	18
Net unrealized gains (losses) on investment securities	324	(83)	241
Net actuarial gain (loss) arising during the period	—	—	—
Amortization of actuarial (gain) loss to earnings	4	(1)	3
Defined benefit plans	4	(1)	3
Total other comprehensive income (loss)	$504	($132)	$372
Three Months Ended September 30, 2024
Net unrealized gains (losses) on cash flow hedges arising during the period	$613	($163)	$450
Reclassification of net (gains) losses on cash flow hedges to earnings	276	(73)	203
Net unrealized gains (losses) on cash flow hedges	889	(236)	653
Net unrealized gains (losses) on AFS securities arising during the period	720	(179)	541
Reclassification of net (gains) losses on investment securities to earnings	18	(5)	13
Net unrealized gains (losses) on investment securities	738	(184)	554
Net actuarial gain (loss) arising during the period	—	—	—
Amortization of actuarial (gain) loss to earnings	3	(1)	2
Defined benefit plans	3	(1)	2
Total other comprehensive income (loss)	$1,630	($421)	$1,209
Nine Months Ended September 30, 2025
Net unrealized gains (losses) on cash flow hedges arising during the period	$376	($101)	$275
Reclassification of net (gains) losses on cash flow hedges to earnings	597	(160)	437
Net unrealized gains (losses) on cash flow hedges	973	(261)	712
Net unrealized gains (losses) on AFS securities arising during the period	753	(192)	561
Reclassification of net (gains) losses on investment securities to earnings	64	(16)	48
Net unrealized gains (losses) on investment securities	817	(208)	609
Net actuarial gain (loss) arising during the period	—	—	—
Amortization of actuarial (gain) loss to earnings	10	(3)	7
Defined benefit plans	10	(3)	7
Total other comprehensive income (loss)	$1,800	($472)	$1,328
Nine Months Ended September 30, 2024
Net unrealized gains (losses) on cash flow hedges arising during the period	($114)	$30	($84)
Reclassification of net (gains) losses on cash flow hedges to earnings	711	(189)	522
Net unrealized gains (losses) on cash flow hedges	597	(159)	438
Net unrealized gains (losses) on AFS securities arising during the period	453	(114)	339
Reclassification of net (gains) losses on investment securities to earnings	56	(14)	42
Net unrealized gains (losses) on investment securities	509	(128)	381
Net actuarial gain (loss) arising during the period	5	(1)	4
Amortization of actuarial (gain) loss to earnings	12	(3)	9
Defined benefit plans	17	(4)	13
Total other comprehensive income (loss)	$1,123	($291)	$832

Schedule of other comprehensive income

The following table summarizes the activity in each component of AOCI, net of income taxes:


(dollars in millions)	Net Unrealized Gains (Losses) on Cash Flow Hedges	Net Unrealized Gains (Losses) on Investment Securities	Defined Benefit Plans	Total AOCI
Three Months Ended September 30, 2025
Balance at July 1, 2025	($341)	($2,001)	($297)	($2,639)
Other comprehensive income (loss) before reclassifications	(16)	223	—	207
Amounts reclassified from AOCI to earnings	144	18	3	165
Total other comprehensive income (loss)	128	241	3	372
Balance at September 30, 2025	($213)	($1,760)	($294)	($2,267)
Three Months Ended September 30, 2024
Balance at July 1, 2024	($1,302)	($2,511)	($322)	($4,135)
Other comprehensive income (loss) before reclassifications	450	541	—	991
Amounts reclassified from AOCI to earnings	203	13	2	218
Total other comprehensive income (loss)	653	554	2	1,209
Balance at September 30, 2024	($649)	($1,957)	($320)	($2,926)
Nine Months Ended September 30, 2025
Balance at January 1, 2025	($925)	($2,369)	($301)	($3,595)
Other comprehensive income (loss) before reclassifications	275	561	—	836
Amounts reclassified from AOCI to earnings	437	48	7	492
Total other comprehensive income (loss)	712	609	7	1,328

Balance at September 30, 2025	($213)	($1,760)	($294)	($2,267)
Nine Months Ended September 30, 2024
Balance at January 1, 2024	($1,087)	($2,338)	($333)	($3,758)
Other comprehensive income (loss) before reclassifications	(84)	339	4	259

Amounts reclassified from AOCI to earnings	522	42	9	573
Total other comprehensive income (loss)	438	381	13	832

Balance at September 30, 2024	($649)	($1,957)	($320)	($2,926)
Primary location in the Consolidated Statements of Operations of amounts reclassified from AOCI	Net interest income	Securities gains, net and Net interest income	Other operating expense