Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2022

18. Accumulated Other Comprehensive Income

Our changes in AOCI for the three months ended March 31, 2022, and March 31, 2021, are as follows:


Dollars in millions	Unrealized gains (losses) on securities available for sale		Unrealized gains (losses) on derivative financial instruments		Net pension and postretirement benefit costs		Total
Balance at December 31, 2021	$	(403)	$	88	$	(271)	$	(586)
Other comprehensive income before reclassification, net of income taxes	(1,784)		(511)		(1)		(2,296)
Amounts reclassified from AOCI, net of income taxes (a)	—		(50)		3		(47)

Net current-period other comprehensive income, net of income taxes	(1,784)		(561)		2		(2,343)
Balance at March 31, 2022	$	(2,187)	$	(473)	$	(269)	$	(2,929)








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

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

Our reclassifications out of AOCI for the three months ended March 31, 2022, and March 31, 2021, are as follows:



	Three months ended March 31,				Affected Line Item in the Consolidated Statement of Income
Dollars in millions	2022		2021






Unrealized gains (losses) on derivative financial instruments
Interest rate	$	64	$	89	Interest income — Loans
Interest rate	(1)		(1)		Interest expense — Long-term debt
Interest rate	2		1		Investment banking and debt placement fees

	65		89		Income (loss) from continuing operations before income taxes
	15		21		Income taxes
	$	50	$	68	Income (loss) from continuing operations
Net pension and postretirement benefit costs
Amortization of losses	$	(4)	$	(5)	Other expense


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