Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2023

18. Accumulated Other Comprehensive Income

Our changes in AOCI for the three months ended March 31, 2023, and March 31, 2022, 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, 2022	$	(4,895)	$	(1,124)	$	(276)	$	(6,295)
Other comprehensive income before reclassification, net of income taxes	575		80		(1)		654
Amounts reclassified from AOCI, net of income taxes (a)	—		165		2		167

Net current-period other comprehensive income, net of income taxes	575		245		1		821
Balance at March 31, 2023	$	(4,320)	$	(879)	$	(275)	$	(5,474)








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)

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

Our reclassifications out of AOCI for the three months ended March 31, 2023, and March 31, 2022, are as follows:



	Three months ended March 31,				Affected Line Item in the Consolidated Statement of Income
Dollars in millions	2023		2022






Unrealized gains (losses) on derivative financial instruments
Interest rate	$	(215)	$	64	Interest income — Loans
Interest rate	(1)		(1)		Interest expense — Long-term debt
Interest rate	—		2		Investment banking and debt placement fees

	(216)		65		Income (loss) from continuing operations before income taxes
	(51)		15		Income taxes
	$	(165)	$	50	Income (loss) from continuing operations
Net pension and postretirement benefit costs
Amortization of losses	$	(3)	$	(4)	Other expense
Settlement loss	—		—		Other expense

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