Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2021

Our changes in AOCI for the years ended December 31, 2021, and December 31, 2020, are as follows:


Dollars 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	455		466		—		15		936
Amounts reclassified from accumulated other comprehensive income, net of income taxes (a)	(3)		(240)		—		19		(224)

Net current-period other comprehensive income, net of income taxes	452		226		—		34		712
Balance at December 31, 2020	$	567	$	476	$	—	$	(305)	$	738
Other comprehensive income before reclassification, net of income taxes	(965)		(137)		—		14		(1,088)
Amounts reclassified from accumulated other comprehensive income, net of income taxes (a)	(5)		(251)		—		20		(236)

Net current-period other comprehensive income, net of income taxes	(970)		(388)		—		34		(1,324)
Balance at December 31, 2021	$	(403)	$	88	$	—	$	(271)	$	(586)

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

Our reclassifications out of AOCI for the years ended December 31, 2021, and December 31, 2020, are as follows:


	Twelve Months Ended December 31,				Affected Line Item in the Consolidated Statement of Income
Dollars in millions	2021		2020
Unrealized gains (losses) on available for sale securities
Realized gains	$	7	$	4	Other income

	7		4		Income (loss) from continuing operations before income taxes
	2		1		Income taxes
	$	5	$	3	Income (loss) from continuing operations
Unrealized gains (losses) on derivative financial instruments
Interest rate	$	329	$	319	Interest income — Loans
Interest rate	(4)		(4)		Interest expense — Long-term debt
Interest rate	4		—		Investment banking and debt placement fees

	329		315		Income (loss) from continuing operations before income taxes
	78		75		Income taxes
	$	251	$	240	Income (loss) from continuing operations





Net pension and postretirement benefit costs
Amortization of losses	$	(18)	$	(17)	Other expense
Settlement loss	(9)		(9)		Other expense
Amortization of prior service credit	1		1		Other expense
	(26)		(25)		Income (loss) from continuing operations before income taxes
	(6)		(6)		Income taxes
	$	(20)	$	(19)	Income (loss) from continuing operations