Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v3.21.2
Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Schedule of Accumulated OCI
The table below presents the changes in accumulated OCI after-tax for the six months ended June 30, 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 4,693  53  732  100  (107) 5,471 
Balance, June 30, 2020 $ 5,016  $ (1,441) $ 332  $ (4,068) $ (1,001) $ (1,162)
Balance, December 31, 2020 $ 5,122  $ (1,992) $ 426  $ (4,266) $ (946) $ (1,656)
Net change (1,090) 265  (699) 120  (3) (1,407)
Balance, June 30, 2021 $ 4,032  $ (1,727) $ (273) $ (4,146) $ (949) $ (3,063)
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 six months ended June 30, 2021 and 2020.
Pretax Tax
effect
After-
tax
Pretax Tax
effect
After-
tax
Six Months Ended June 30
(Dollars in millions) 2021 2020
Debt securities:
Net increase (decrease) in fair value $ (1,445) $ 355  $ (1,090) $ 6,628  $ (1,652) $ 4,976 
Net realized gains reclassified into earnings (1)
      (377) 94  (283)
Net change (1,445) 355  (1,090) 6,251  (1,558) 4,693 
Debit valuation adjustments:
Net increase in fair value 336  (76) 260  63  (13) 50 
Net realized losses reclassified into earnings (1)
7  (2) 5  (1)
Net change 343  (78) 265  67  (14) 53 
Derivatives:
Net increase (decrease) in fair value (820) 205  (615) 914  (222) 692 
Reclassifications into earnings:
Net interest income (84) 20  (64) 53  (13) 40 
Compensation and benefits expense (26) 6  (20) —  —  — 
Net realized (gains) losses reclassified into earnings (110) 26  (84) 53  (13) 40 
Net change (930) 231  (699) 967  (235) 732 
Employee benefit plans:
Net actuarial losses and other reclassified into earnings (2)
142  (22) 120  133  (33) 100 
Net change 142  (22) 120  133  (33) 100 
Foreign currency:
Net decrease in fair value 116  (119) (3) 115  (222) (107)
Net change 116  (119) (3) 115  (222) (107)
Total other comprehensive income (loss) $ (1,774) $ 367  $ (1,407) $ 7,533  $ (2,062) $ 5,471 
(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.