Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v3.6.0.2
Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of Accumulated OCI
The table below presents the changes in accumulated OCI after-tax for 2014, 2015 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, 2013
$
(2,487
)
 
$
(4
)
 
n/a

 
$
(2,277
)
 
$
(2,407
)
 
$
(512
)
 
$
(7,687
)
Net change
4,128

 
21

 
n/a

 
616

 
(943
)
 
(157
)
 
3,665

Balance, December 31, 2014
$
1,641

 
$
17

 
n/a

 
$
(1,661
)
 
$
(3,350
)
 
$
(669
)
 
$
(4,022
)
Cumulative adjustment for accounting change
—

 
—

 
$
(1,226
)
 
—

 
—

 
—

 
(1,226
)
Net change
(1,625
)
 
45

 
615

 
584

 
394

 
(123
)
 
(110
)
Balance, December 31, 2015
$
16

 
$
62

 
$
(611
)
 
$
(1,077
)
 
$
(2,956
)
 
$
(792
)
 
$
(5,358
)
Net change
(1,315
)
 
(30
)
 
(156
)
 
182

 
(524
)
 
(87
)
 
(1,930
)
Balance, December 31, 2016
$
(1,299
)
 
$
32

 
$
(767
)
 
$
(895
)
 
$
(3,480
)
 
$
(879
)
 
$
(7,288
)

n/a = not applicabl
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 before- and after-tax for 2016, 2015 and 2014.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in OCI Components Before- and After-tax
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
2015
 
2014
(Dollars in millions)
Before-tax
 
Tax effect
 
After-tax
 
Before-tax
 
Tax effect
 
After-tax
 
Before-tax
 
Tax effect
 
After-tax
Debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
$
(1,645
)
 
$
622

 
$
(1,023
)
 
$
(1,564
)
 
$
595

 
$
(969
)
 
$
8,064

 
$
(3,027
)
 
$
5,037

Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gains on sales of debt securities
(490
)
 
186

 
(304
)
 
(1,138
)
 
432

 
(706
)
 
(1,481
)
 
563

 
(918
)
Other income
19

 
(7
)
 
12

 
81

 
(31
)
 
50

 
16

 
(7
)
 
9

Net realized (gains) losses reclassified into earnings
(471
)
 
179

 
(292
)
 
(1,057
)
 
401

 
(656
)
 
(1,465
)
 
556

 
(909
)
Net change
(2,116
)
 
801

 
(1,315
)
 
(2,621
)
 
996

 
(1,625
)
 
6,599

 
(2,471
)
 
4,128

Available-for-sale marketable equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value (1)
(49
)
 
19

 
(30
)
 
72

 
(27
)
 
45

 
34

 
(13
)
 
21

Net change
(49
)
 
19

 
(30
)
 
72

 
(27
)
 
45

 
34

 
(13
)
 
21

Debit valuation adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
(271
)
 
104

 
(167
)
 
436

 
(166
)
 
270

 
n/a

 
n/a

 
n/a

Net realized (gains) losses reclassified into earnings (2)
17

 
(6
)
 
11

 
556

 
(211
)
 
345

 
n/a

 
n/a

 
n/a

Net change
(254
)
 
98

 
(156
)
 
992

 
(377
)
 
615

 
n/a

 
n/a

 
n/a

Derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
(299
)
 
113

 
(186
)
 
55

 
(22
)
 
33

 
195

 
(54
)
 
141

Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
553

 
(205
)
 
348

 
974

 
(367
)
 
607

 
1,119

 
(421
)
 
698

Personnel
32

 
(12
)
 
20

 
(91
)
 
35

 
(56
)
 
(359
)
 
136

 
(223
)
Net realized (gains) losses reclassified into earnings
585

 
(217
)
 
368

 
883

 
(332
)
 
551

 
760

 
(285
)
 
475

Net change
286

 
(104
)
 
182

 
938

 
(354
)
 
584

 
955

 
(339
)
 
616

Employee benefit plans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
(921
)
 
329

 
(592
)
 
408

 
(121
)
 
287

 
(1,629
)
 
614

 
(1,015
)
Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service cost
5

 
(2
)
 
3

 
5

 
(2
)
 
3

 
5

 
(2
)
 
3

Net actuarial losses
92

 
(34
)
 
58

 
164

 
(60
)
 
104

 
50

 
(21
)
 
29

Net realized (gains) losses reclassified into earnings (3)
97

 
(36
)
 
61

 
169

 
(62
)
 
107

 
55

 
(23
)
 
32

Settlements, curtailments and other
15

 
(8
)
 
7

 
1

 
(1
)
 
—

 
(1
)
 
41

 
40

Net change
(809
)
 
285

 
(524
)
 
578

 
(184
)
 
394

 
(1,575
)
 
632

 
(943
)
Foreign currency:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
514

 
(601
)
 
(87
)
 
600

 
(723
)
 
(123
)
 
714

 
(879
)
 
(165
)
Net realized (gains) losses reclassified into earnings (2)
—

 
—

 
—

 
(38
)
 
38

 
—

 
20

 
(12
)
 
8

Net change
514

 
(601
)
 
(87
)
 
562

 
(685
)
 
(123
)
 
734

 
(891
)
 
(157
)
Total other comprehensive income (loss)
$
(2,428
)
 
$
498

 
$
(1,930
)
 
$
521

 
$
(631
)
 
$
(110
)
 
$
6,747

 
$
(3,082
)
 
$
3,665


(1) 
There were no amounts reclassified out of AFS marketable equity securities for 2016, 2015 and 2014.
(2) 
Reclassifications of pretax DVA and foreign currency transactions are recorded in other income in the Consolidated Statement of Income.
(3) 
Reclassifications of pretax employee benefit plan costs are recorded in personnel expense in the Consolidated Statement of Income.
n/a = not applicable