Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Changes in Accumulated Other Comprehensive Loss

The table below summarizes the changes in AOCL, net of tax:


	Debt Securities AFS		Cash Flow Hedges		Pension and Post-retirement Plans		Total
Three Months Ended September 30, 2025
Balance, beginning of period	$	(544)	$	35	$	(33)	$	(542)
Other comprehensive income (loss) before reclassification, net of tax(1)	50		—		—		50
Amounts reclassified from AOCL, net of tax	—		(4)		1		(3)
Other comprehensive income (loss), net of tax	50		(4)		1		47
Balance, end of period	$	(494)	$	31	$	(32)	$	(495)
Three Months Ended September 30, 2024
Balance, beginning of period	$	(674)	$	88	$	(28)	$	(614)
Other comprehensive income (loss) before reclassification, net of tax(1)	206		(1)		1		206
Amounts reclassified from AOCL, net of tax	—		(13)		—		(13)
Other comprehensive income (loss), net of tax	206		(14)		1		193
Balance, end of period	$	(468)	$	74	$	(27)	$	(421)

Nine Months Ended September 30, 2025
Balance, beginning of period	$	(653)	$	47	$	(34)	$	(640)
Other comprehensive income (loss) before reclassification, net of tax(2)	159		—		—		159
Amounts reclassified from AOCL, net of tax	—		(16)		2		(14)
Other comprehensive income (loss), net of tax	159		(16)		2		145
Balance, end of period	$	(494)	$	31	$	(32)	$	(495)
Nine Months Ended September 30, 2024
Balance, beginning of period	$	(581)	$	10	$	(28)	$	(599)
Other comprehensive income (loss) before reclassification, net of tax(2)	113		106		(1)		218
Amounts reclassified from AOCL, net of tax	—		(42)		2		(40)
Other comprehensive income (loss), net of tax	113		64		1		178
Balance, end of period	$	(468)	$	74	$	(27)	$	(421)

(1)During the three months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in AOCL on cash flow hedges was immaterial. During the three months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in AOCL on debt securities AFS was $(18) million and $(71) million, respectively.

(2)During the nine months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in AOCL on cash flow hedges was immaterial and $(36) million, respectively. During the nine months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in debt securities AFS was $(56) million and $(40) million, respectively.

Schedule of Reclassification Out of Accumulated Other Comprehensive Loss

The following table summarizes the amounts reclassified from AOCL, net of tax:


	Amount Reclassified out of AOCL
	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024		Affected Line Item in the Condensed Consolidated Statements of (Loss) Income



Cash Flow Hedges:
Realized gain on cash flow hedges	$	6	$	18	$	22	$	57	Interest expense - Borrowed funds
Tax benefit (expense)	(2)		(5)		(6)		(15)		Income tax (benefit)
	$	4	$	13	$	16	$	42
Pension and Post-retirement Plans:

Amortization of actuarial losses	(1)		(1)		(3)		(3)		General and administrative
Tax benefit (expense)	—		1		1		1		Income tax (benefit)
	$	(1)	$	—	$	(2)	$	(2)
Amounts reclassified from AOCL, net of tax	$	3	$	13	$	14	$	40