Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v3.21.1
Accumulated Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Schedule of Accumulated OCI
The table below presents the changes in accumulated OCI after-tax for the three months ended March 31, 2021 and 2020.
(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 4,795  1,346  417  43  (88) 6,513 
Balance, March 31, 2020 $ 5,118  $ (148) $ 17  $ (4,125) $ (982) $ (120)
Balance, December 31, 2020 $ 5,122  $ (1,992) $ 426  $ (4,266) $ (946) $ (1,656)
Net change (840) 116  (1,114) 51  (29) (1,816)
Balance, March 31, 2021 $ 4,282  $ (1,876) $ (688) $ (4,215) $ (975) $ (3,472)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) The following table 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, 2021 and 2020.
Pretax Tax
effect		 After-
tax		 Pretax Tax
effect		 After-
tax
Three Months Ended March 31
(Dollars in millions) 2021 2020
Debt securities:
Net increase (decrease) in fair value $ (1,110) $ 270  $ (840) $ 6,701  $ (1,670) $ 5,031 
Net realized gains reclassified into earnings (1)
—  —  —  (315) 79  (236)
Net change (1,110) 270  (840) 6,386  (1,591) 4,795 
Debit valuation adjustments:
Net increase in fair value 140  (29) 111  1,751  (408) 1,343 
Net realized losses reclassified into earnings (1)
6  (1) 5  4  (1) 3 
Net change 146  (30) 116  1,755  (409) 1,346 
Derivatives:
Net increase (decrease) in fair value (1,429) 356  (1,073) 520  (125) 395 
Reclassifications into earnings:
Net interest income (42) 10  (32) 29  (7) 22 
Compensation and benefits expense (12) 3  (9) —  —  — 
Net realized (gains) losses reclassified into earnings (54) 13  (41) 29  (7) 22 
Net change (1,483) 369  (1,114) 549  (132) 417 
Employee benefit plans:
Net actuarial losses and other reclassified into earnings (2)
67  (16) 51  57  (14) 43 
Net change 67  (16) 51  57  (14) 43 
Foreign currency:
Net decrease in fair value 144  (173) (29) 228  (316) (88)
Net change 144  (173) (29) 228  (316) (88)
Total other comprehensive income (loss) $ (2,236) $ 420  $ (1,816) $ 8,975  $ (2,462) $ 6,513 
(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.