Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss)

v3.7.0.1
Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The table below presents the changes in accumulated OCI after-tax for the three months ended March 31, 2017 and 2016.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
Debt
Securities
 
Available-for-
Sale Marketable
Equity Securities
 
Debit Valuation Adjustments
 
Derivatives
 
Employee
Benefit Plans
 
Foreign
Currency
 
Total
Balance, December 31, 2015
$
16

 
$
62

 
$
(611
)
 
$
(1,077
)
 
$
(2,956
)
 
$
(792
)
 
$
(5,358
)
Net change
2,389

 
(33
)
 
127

 
24

 
10

 
12

 
2,529

Balance, March 31, 2016
$
2,405

 
$
29

 
$
(484
)
 
$
(1,053
)
 
$
(2,946
)
 
$
(780
)
 
$
(2,829
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2016
$
(1,299
)
 
$
32

 
$
(767
)
 
$
(895
)
 
$
(3,480
)
 
$
(879
)
 
$
(7,288
)
Net change
(103
)
 
4

 
9

 
38

 
27

 
(3
)
 
(28
)
Balance, March 31, 2017
$
(1,402
)
 
$
36

 
$
(758
)
 
$
(857
)
 
$
(3,453
)
 
$
(882
)
 
$
(7,316
)

The table below presents the net change in fair value recorded in accumulated OCI, net realized gains and losses reclassified into earnings and other changes for each component of OCI before- and after-tax for the three months ended March 31, 2017 and 2016.
 
 
 
 
 
 
 
 
 
 
 
 
Changes in OCI Components Before- and After-tax
 
 
 
 
 
 
 
 
 
Three Months Ended March 31
 
2017
 
2016
(Dollars in millions)
Before-tax
 
Tax effect
 
After-tax
 
Before-tax
 
Tax effect
 
After-tax
Debt securities:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
$
(151
)
 
$
63

 
$
(88
)
 
$
4,038

 
$
(1,535
)
 
$
2,503

Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
 
Gains on sales of debt securities
(52
)
 
20

 
(32
)
 
(190
)
 
72

 
(118
)
Other income
27

 
(10
)
 
17

 
7

 
(3
)
 
4

Net realized gains reclassified into earnings
(25
)
 
10

 
(15
)
 
(183
)
 
69

 
(114
)
Net change
(176
)
 
73

 
(103
)
 
3,855

 
(1,466
)
 
2,389

Available-for-sale marketable equity securities:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
27

 
(10
)
 
17

 
(54
)
 
21

 
(33
)
Net realized gains reclassified into earnings (1)
(20
)
 
7

 
(13
)
 

 

 

Net change
7

 
(3
)
 
4

 
(54
)
 
21

 
(33
)
Debit valuation adjustments:
 
 
 
 
 
 
 
 
 
 
 
Net increase in fair value
9

 
(4
)
 
5

 
195

 
(72
)
 
123

Net realized losses reclassified into earnings (1)
6

 
(2
)
 
4

 
7

 
(3
)
 
4

Net change
15

 
(6
)
 
9

 
202

 
(75
)
 
127

Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Net decrease in fair value
(9
)
 
3

 
(6
)
 
(159
)
 
59

 
(100
)
Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
 
Net interest income
112

 
(42
)
 
70

 
164

 
(61
)
 
103

Personnel
(42
)
 
16

 
(26
)
 
34

 
(13
)
 
21

Net realized losses reclassified into earnings
70

 
(26
)
 
44

 
198

 
(74
)
 
124

Net change
61

 
(23
)
 
38

 
39

 
(15
)
 
24

Employee benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
 
Prior service cost
1

 

 
1

 
1

 

 
1

Net actuarial losses
42

 
(16
)
 
26

 
24

 
(10
)
 
14

Net realized losses reclassified into earnings (2)
43

 
(16
)
 
27

 
25

 
(10
)
 
15

Settlements, curtailments and other

 

 

 

 
(5
)
 
(5
)
Net change
43

 
(16
)
 
27

 
25

 
(15
)
 
10

Foreign currency:
 
 
 
 
 
 
 
 
 
 
 
Net decrease in fair value
(131
)
 
108

 
(23
)
 
(134
)
 
146

 
12

Net gains reclassified into earnings (1)
(12
)
 
32

 
20

 

 

 

Net change
(143
)
 
140

 
(3
)
 
(134
)
 
146

 
12

Total other comprehensive income (loss)
$
(193
)
 
$
165

 
$
(28
)
 
$
3,933

 
$
(1,404
)
 
$
2,529


(1) 
Reclassifications of pretax AFS marketable equity securities, DVA and foreign currency are recorded in other income in the Consolidated Statement of Income.
(2) 
Reclassifications of pretax employee benefit plan costs are recorded in personnel expense in the Consolidated Statement of Income.