AOCI

6 Months Ended

Jun. 30, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

AOCI

AOCI

AOCI includes the after-tax change in unrecognized net costs related to defined benefit pension and OPEB plans as well as unrealized gains and losses on cash flow hedges, AFS securities, and HTM securities previously transferred from AFS securities.

(Dollars in millions)	Pension and OPEB Costs		Cash Flow Hedges		AFS Securities		HTM Securities		Other, net		Total
AOCI balance, April 1, 2024	$	(1,078)	$	(490)	$	(9,354)	$	(2,296)	$	(4)	$	(13,222)
OCI before reclassifications, net of tax	34		(99)		(325)		—		1		(389)
Amounts reclassified from AOCI:
Before tax	—		79		6,529		75		—		6,683
Tax effect	—		18		1,540		18		—		1,576
Amounts reclassified, net of tax	—		61		4,989		57		—		5,107
Total OCI, net of tax	34		(38)		4,664		57		1		4,718
AOCI balance, June 30, 2024	$	(1,044)	$	(528)	$	(4,690)	$	(2,239)	$	(3)	$	(8,504)
AOCI balance, April 1, 2025	$	(643)	$	(432)	$	(4,095)	$	(2,075)	$	(5)	$	(7,250)
OCI before reclassifications, net of tax	1		205		69		—		5		280
Amounts reclassified from AOCI:
Before tax	1		92		(66)		71		—		98
Tax effect	—		22		(13)		12		—		21
Amounts reclassified, net of tax	1		70		(53)		59		—		77
Total OCI, net of tax	2		275		16		59		5		357
AOCI balance, June 30, 2025	$	(641)	$	(157)	$	(4,079)	$	(2,016)	$	—	$	(6,893)
(Dollars in millions)	Pension and OPEB Costs		Cash Flow Hedges		AFS Securities		HTM Securities		Other, net		Total
AOCI balance, January 1, 2024	$	(1,079)	$	(300)	$	(8,778)	$	(2,347)	$	(2)	$	(12,506)
OCI before reclassifications, net of tax(1)	35		(331)		(780)		—		(1)		(1,077)
Amounts reclassified from AOCI:
Before tax	—		134		6,371		141		—		6,646
Tax effect	—		31		1,503		33		—		1,567
Amounts reclassified, net of tax	—		103		4,868		108		—		5,079
Total OCI, net of tax	35		(228)		4,088		108		(1)		4,002
AOCI balance, June 30, 2024	$	(1,044)	$	(528)	$	(4,690)	$	(2,239)	$	(3)	$	(8,504)
AOCI balance, January 1, 2025	$	(648)	$	(861)	$	(4,573)	$	(2,125)	$	(6)	$	(8,213)
OCI before reclassifications, net of tax	6		563		612		—		6		1,187
Amounts reclassified from AOCI:
Before tax	1		185		(151)		136		—		171
Tax effect	—		44		(33)		27		—		38
Amounts reclassified, net of tax	1		141		(118)		109		—		133
Total OCI, net of tax	7		704		494		109		6		1,320
AOCI balance, June 30, 2025	$	(641)	$	(157)	$	(4,079)	$	(2,016)	$	—	$	(6,893)
Primary income statement location of amounts reclassified from AOCI	Other expense		Net interest income		Securities gains (losses) and Interest on securities		Interest on securities		Other income

(1)Includes the impact of the remeasurement of the pension plan and the reduction of pension benefit obligations following the sale of TIH. Refer to “Note 13. Benefit Plans” for additional information.