Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2020

18. Accumulated Other Comprehensive Income

Our changes in AOCI for the three and nine months ended September 30, 2020, and September 30, 2019, are as follows:


in millions	Unrealized gains (losses) on securities available for sale		Unrealized gains (losses) on derivative financial instruments		Foreign currency translation adjustment		Net pension and postretirement benefit costs		Total
Balance at December 31, 2019	$	115	$	250	—		$	(339)	$	26
Other comprehensive income before reclassification, net of income taxes	530		467		—		(1)		996
Amounts reclassified from AOCI, net of income taxes (a)	(3)		(168)		—		16		(155)

Net current-period other comprehensive income, net of income taxes	527		299		—		15		841
Balance at September 30, 2020	$	642	$	549	—		$	(324)	$	867

Balance at June 30, 2020	$	650	$	613	—		$	(327)	$	936
Other comprehensive income before reclassification, net of income taxes	(8)		11		—		(1)		2
Amounts reclassified from AOCI, net of income taxes (a)	—		(75)		—		4		(71)

Net current-period other comprehensive income, net of income taxes	(8)		(64)		—		3		(69)
Balance at September 30, 2020	$	642	$	549	—		$	(324)	$	867

Balance at December 31, 2018	$	(373)	$	(50)	$	(14)	$	(381)	$	(818)
Other comprehensive income before reclassification, net of income taxes	579		346		4		12		941
Amounts reclassified from AOCI, net of income taxes (a)	(11)		40		—		7		36

Net current-period other comprehensive income, net of income taxes	568		386		4		19		977
Balance at September 30, 2019	$	195	$	336	$	(10)	$	(362)	$	159

Balance at June 30, 2019	$	102	$	268	$	(10)	$	(362)	$	(2)
Other comprehensive income before reclassification, net of income taxes	104		62		—		(2)		164
Amounts reclassified from AOCI, net of income taxes (a)	(11)		6		—		2		(3)

Net current-period other comprehensive income, net of income taxes	93		68		—		—		161
Balance at September 30, 2019	$	195	$	336	$	(10)	$	(362)	$	159

(a)See table below for details about these reclassifications.

Our reclassifications out of AOCI for the three and nine months ended September 30, 2020, and September 30, 2019, are as follows:



	Three months ended September 30,				Affected Line Item in the Statement Where Net Income is Presented
in millions	2020		2019
Unrealized gains (losses) on available for sale securities
Realized gains	—		15		Other income
Realized losses	—		—		Other income
	—		15		Income (loss) from continuing operations before income taxes
	—		4		Income taxes
	—		11		Income (loss) from continuing operations
Unrealized gains (losses) on derivative financial instruments
Interest rate	$	100	$	(8)	Interest income — Loans
Interest rate	(1)		(1)		Interest expense — Long-term debt


	99		(9)		Income (loss) from continuing operations before income taxes
	24		(3)		Income taxes
	$	75	(6)		Income (loss) from continuing operations
Net pension and postretirement benefit costs
Amortization of losses	$	(5)	$	(4)	Other expense
Settlement loss	—		—		Other expense

	(5)		(3)		Income (loss) from continuing operations before income taxes
	(1)		(1)		Income taxes
	$	(4)	$	(2)	Income (loss) from continuing operations


	Nine months ended September 30,				Affected Line Item in the Statement Where Net Income is Presented
in millions	2020		2019
Unrealized gains (losses) on available for sale securities
Realized gains	$	4	15		Other income

	4		15		Income (loss) from continuing operations before income taxes
	1		4		Income taxes
	$	3	11		Income (loss) from continuing operations
Unrealized gains (losses) on derivative financial instruments
Interest rate	$	224	$	(51)	Interest income — Loans
Interest rate	(3)		(2)		Interest expense — Long-term debt
	221		(53)		Income (loss) from continuing operations before income taxes
	53		(13)		Income taxes
	$	168	(40)		Income (loss) from continuing operations
Net pension and postretirement benefit costs
Amortization of losses	$	(13)	$	(11)	Other expense
Settlement loss	(8)		—		Other expense
Amortization of unrecognized prior service credit	—		1		Other expense
	(21)		(10)		Income (loss) from continuing operations before income taxes
	(5)		(3)		Income taxes
	$	(16)	$	(7)	Income (loss) from continuing operations