Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2021

18. Accumulated Other Comprehensive Income

Our changes in AOCI for the three months ended March 31, 2021, and March 31, 2020, 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, 2020	$	567	$	476	—	$	(305)	$	738
Other comprehensive income before reclassification, net of income taxes	(628)		58		—	(1)		(571)
Amounts reclassified from AOCI, net of income taxes (a)	—		(68)		—	4		(64)

Net current-period other comprehensive income, net of income taxes	(628)		(10)		—	3		(635)
Balance at March 31, 2021	$	(61)	$	466	—	$	(302)	$	103








Balance at December 31, 2019	$	115	$	250	—	$	(339)	$	26
Other comprehensive income before reclassification, net of income taxes	408		402		—	—		810
Amounts reclassified from AOCI, net of income taxes (a)	(3)		(25)		—	6		(22)

Net current-period other comprehensive income, net of income taxes	405		377		—	6		788
Balance at March 31, 2020	$	520	$	627	—	$	(333)	$	814

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

Our reclassifications out of AOCI for the three months ended March 31, 2021, and March 31, 2020, are as follows:



	Three months ended March 31,				Affected Line Item in the Statement Where Net Income is Presented
in millions	2021		2020
Unrealized gains (losses) on available for sale securities
Realized gains	—		$	4	Other income

	—		4		Income (loss) from continuing operations before income taxes
	—		1		Income taxes
	—		$	3	Income (loss) from continuing operations
Unrealized gains (losses) on derivative financial instruments
Interest rate	$	89	$	34	Interest income — Loans
Interest rate	(1)		(1)		Interest expense — Long-term debt
Interest rate	1		—		Investment banking and debt placement fees

	89		33		Income (loss) from continuing operations before income taxes
	21		8		Income taxes
	$	68	$	25	Income (loss) from continuing operations
Net pension and postretirement benefit costs
Amortization of losses	$	(5)	$	(4)	Other expense
Settlement loss	—		(4)		Other expense

	(5)		(8)		Income (loss) from continuing operations before income taxes
	(1)		(2)		Income taxes
	$	(4)	$	(6)	Income (loss) from continuing operations