Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v3.20.1
Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Schedule of Accumulated OCI
The table below presents the changes in accumulated OCI after-tax for the three months ended March 31, 2020 and 2019.
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
Debt Securities
 
Debit Valuation Adjustments
 
Derivatives
 
Employee
Benefit Plans
 
Foreign
Currency
 
Total
Balance, December 31, 2018
$
(5,552
)
 
$
(531
)
 
$
(1,016
)
 
$
(4,304
)
 
$
(808
)
 
$
(12,211
)
Net change
2,309

 
(363
)
 
229

 
28

 
(34
)
 
2,169

Balance, March 31, 2019
$
(3,243
)
 
$
(894
)
 
$
(787
)
 
$
(4,276
)
 
$
(842
)
 
$
(10,042
)
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2019
$
323

 
$
(1,494
)
 
$
(400
)
 
$
(4,168
)
 
$
(894
)
 
$
(6,633
)
Net change
4,795

 
1,346

 
417

 
43

 
(88
)
 
6,513

Balance, March 31, 2020
$
5,118

 
$
(148
)
 
$
17

 
$
(4,125
)
 
$
(982
)
 
$
(120
)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
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 pre- and after-tax for the three months ended March 31, 2020 and 2019.
 
 
 
 
 
 
 
 
 
 
 
 
 
Pretax
 
Tax
effect
 
After-
tax
 
Pretax
 
Tax
effect
 
After-
tax
 
Three Months Ended March 31
(Dollars in millions)
2020
 
2019
Debt securities:
 
 
 
 
 
 
 
 
 
 
 
Net increase in fair value
$
6,701

 
$
(1,670
)
 
$
5,031

 
$
3,075

 
$
(763
)
 
$
2,312

Net realized (gains) reclassified into earnings (1)
(315
)
 
79

 
(236
)
 
(4
)
 
1

 
(3
)
Net change
6,386

 
(1,591
)
 
4,795

 
3,071

 
(762
)
 
2,309

Debit valuation adjustments:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
1,751

 
(408
)
 
1,343

 
(475
)
 
110

 
(365
)
Net realized losses reclassified into earnings (1)
4

 
(1
)
 
3

 
3

 
(1
)
 
2

Net change
1,755

 
(409
)
 
1,346

 
(472
)
 
109

 
(363
)
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Net increase in fair value
520

 
(125
)
 
395

 
264

 
(52
)
 
212

Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
 
Net interest income
29

 
(7
)
 
22

 
23

 
(6
)
 
17

Net realized losses reclassified into earnings
29

 
(7
)
 
22

 
23

 
(6
)
 
17

Net change
549

 
(132
)
 
417

 
287

 
(58
)
 
229

Employee benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial losses and other reclassified into earnings (2)
57

 
(14
)
 
43

 
35

 
(7
)
 
28

Net change
57

 
(14
)
 
43

 
35

 
(7
)
 
28

Foreign currency:
 
 
 
 
 
 
 
 
 
 
 
Net (decrease) in fair value
228

 
(316
)
 
(88
)
 
5

 
(39
)
 
(34
)
Net change
228

 
(316
)
 
(88
)
 
5

 
(39
)
 
(34
)
Total other comprehensive income (loss)
$
8,975

 
$
(2,462
)
 
$
6,513

 
$
2,926

 
$
(757
)
 
$
2,169

(1) 
Reclassifications of pretax debt securities, DVA and foreign currency (gains) losses are recorded in other income in the Consolidated Statement of Income.
(2) 
Reclassifications of pretax employee benefit plan costs are recorded in other general operating expense in the Consolidated Statement of Income.