Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss)

v3.20.2
Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2020
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 nine months ended September 30, 2020 and 2019.
(Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee
Benefit Plans		 Foreign
Currency		 Total
Balance, December 31, 2019 $ 323  $ (1,494) $ (400) $ (4,168) $ (894) $ (6,633)
Net change 4,794  (5) 808  144  (86) 5,655 
Balance, September 30, 2020 $ 5,117  $ (1,499) $ 408  $ (4,024) $ (980) $ (978)
Balance, December 31, 2018 $ (5,552) $ (531) $ (1,016) $ (4,304) $ (808) $ (12,211)
Net change 6,231  (272) 651  83  (99) 6,594 
Balance, September 30, 2019 $ 679  $ (803) $ (365) $ (4,221) $ (907) $ (5,617)
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 nine months ended September 30, 2020 and 2019.
Pretax Tax
effect		 After-
tax		 Pretax Tax
effect		 After-
tax
Nine Months Ended September 30
(Dollars in millions) 2020 2019
Debt securities:
Net increase in fair value
 $ 6,763  $ (1,685) $ 5,078  $ 8,388  $ (2,087) $ 6,301 
Net realized (gains) reclassified into earnings (1)
(379) 95  (284) (93) 23  (70)
Net change 6,384  (1,590) 4,794  8,295  (2,064) 6,231 
Debit valuation adjustments:
Net (decrease) in fair value (13) 5  (8) (368) 83  (285)
Net realized losses reclassified into earnings (1)
4  (1) 3  16  (3) 13 
Net change (9) 4  (5) (352) 80  (272)
Derivatives:
Net increase in fair value 977  (238) 739  765  (173) 592 
Reclassifications into earnings:
Net interest income 96  (23) 73  78  (19) 59 
Compensation and benefits expense (5) 1  (4) —  —  — 
Net realized losses reclassified into earnings 91  (22) 69  78  (19) 59 
Net change 1,068  (260) 808  843  (192) 651 
Employee benefit plans:
Net actuarial losses and other reclassified into earnings (2)
191  (47) 144  109  (26) 83 
Net change 191  (47) 144  109  (26) 83 
Foreign currency:
Net (decrease) in fair value (29) (57) (86) 114  (185) (71)
Net realized (gains) reclassified into earnings (1)
—  —  —  (117) 89  (28)
Net change (29) (57) (86) (3) (96) (99)
Total other comprehensive income (loss) $ 7,605  $ (1,950) $ 5,655  $ 8,892  $ (2,298) $ 6,594 
(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.