Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v2.4.0.8
Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Schedule of Accumulated OCI

The table below presents the changes in accumulated OCI after-tax for the six months ended June 30, 2014 and 2013.

(Dollars in millions)
Available-for-sale Debt Securities
 
Available-for-sale
Marketable
Equity Securities
 
Derivatives
 
Employee
Benefit Plans
 
Foreign
Currency (1)
 
Total
Balance, December 31, 2012
$
4,443

 
$
462

 
$
(2,869
)
 
$
(4,456
)
 
$
(377
)
 
$
(2,797
)
Net change
(5,088
)
 
(51
)
 
185

 
133

 
(91
)
 
(4,912
)
Balance, June 30, 2013
$
(645
)
 
$
411

 
$
(2,684
)
 
$
(4,323
)
 
$
(468
)
 
$
(7,709
)
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2013
$
(3,257
)
 
$
(4
)
 
$
(2,277
)
 
$
(2,407
)
 
$
(512
)
 
$
(8,457
)
Net change
3,612

 
(18
)
 
215

 
56

 
(119
)
 
3,746

Balance, June 30, 2014
$
355

 
$
(22
)
 
$
(2,062
)
 
$
(2,351
)
 
$
(631
)
 
$
(4,711
)
(1) 
The net change in fair value represents the impact of changes in spot foreign exchange rates on the Corporation's net investment in non-U.S. operations and related hedges.
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
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 the six months ended June 30, 2014 and 2013.

Changes in OCI Components Before- and After-tax
 
Six Months Ended June 30
 
2014
 
2013
(Dollars in millions)
Before-tax
 
Tax effect
 
After-tax
 
Before-tax
 
Tax effect
 
After-tax
Available-for-sale debt securities:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
$
6,497

 
$
(2,421
)
 
$
4,076

 
$
(7,565
)
 
$
2,799

 
$
(4,766
)
Net realized gains reclassified into earnings
(748
)
 
284

 
(464
)
 
(512
)
 
190

 
(322
)
Net change
5,749

 
(2,137
)
 
3,612

 
(8,077
)
 
2,989

 
(5,088
)
Available-for-sale marketable equity securities:
 
 
 
 
 
 
 
 
 
 
 
Net decrease in fair value
(29
)
 
11

 
(18
)
 
(83
)
 
33

 
(50
)
Net realized gains reclassified into earnings
—

 
—

 
—

 
(1
)
 
—

 
(1
)
Net change
(29
)
 
11

 
(18
)
 
(84
)
 
33

 
(51
)
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
(19
)
 
25

 
6

 
(125
)
 
45

 
(80
)
Net realized losses reclassified into earnings
335

 
(126
)
 
209

 
421

 
(156
)
 
265

Net change
316

 
(101
)
 
215

 
296

 
(111
)
 
185

Employee benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Net realized losses reclassified into earnings
25

 
(10
)
 
15

 
146

 
(45
)
 
101

Settlements, curtailments and other
—

 
41

 
41

 
42

 
(10
)
 
32

Net change
25

 
31

 
56

 
188

 
(55
)
 
133

Foreign currency:
 
 
 
 
 
 
 
 
 
 
 
Net decrease in fair value
(368
)
 
250

 
(118
)
 
711

 
(801
)
 
(90
)
Net realized gains (losses) reclassified into earnings
(2
)
 
1

 
(1
)
 
32

 
(33
)
 
(1
)
Net change
(370
)
 
251

 
(119
)
 
743

 
(834
)
 
(91
)
Total other comprehensive income (loss)
$
5,691

 
$
(1,945
)
 
$
3,746

 
$
(6,934
)
 
$
2,022

 
$
(4,912
)
Reclassification out of Accumulated Other Comprehensive Income
The table below presents impacts on net income of significant amounts reclassified out of each component of accumulated OCI before- and after-tax for the six months ended June 30, 2014 and 2013. Amounts reclassified out of AFS marketable equity securities were immaterial for both the six months ended June 30, 2014 and 2013.

Reclassifications Out of Accumulated OCI
(Dollars in millions)
 
Six Months Ended June 30
Accumulated OCI Components
Income Statement Line Item Impacted
2014

2013
Available-for-sale debt securities:
 
 
 
 
 
Gains on sales of debt securities
$
759

 
$
525

 
Other loss
(11
)
 
(13
)
 
Income before income taxes
748

 
512

 
Income tax expense
284

 
190

 
Reclassification to net income
464

 
322

Derivatives:
 
 
 
 
Interest rate contracts
Net interest income
(560
)
 
(547
)
Commodity contracts
Trading account profits
—

 
(1
)
Interest rate contracts
Other income
—

 
18

Equity compensation contracts
Personnel
225

 
109

 
Loss before income taxes
(335
)
 
(421
)
 
Income tax benefit
(126
)
 
(156
)
 
Reclassification to net income
(209
)
 
(265
)
Employee benefit plans:
 
 
 
 
Prior service cost and net actuarial losses
Personnel
(25
)
 
(146
)
 
Loss before income taxes
(25
)
 
(146
)
 
Income tax benefit
(10
)
 
(45
)
 
Reclassification to net income
(15
)
 
(101
)
Foreign currency:
 
 
 
 
Insignificant items
Other income (loss)
2

 
(32
)
 
Income (loss) before income taxes
2

 
(32
)
 
Income tax expense (benefit)
1

 
(33
)
 
Reclassification to net income
1

 
1

Total reclassification adjustments
 
$
241

 
$
(43
)