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)
9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Schedule of Accumulated OCI

The table below presents the changes in accumulated OCI after-tax for the nine months ended September 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
(5,303
)
 
(467
)
 
365

 
1,513

 
(134
)
 
(4,026
)
Balance, September 30, 2013
$
(860
)
 
$
(5
)
 
$
(2,504
)
 
$
(2,943
)
 
$
(511
)
 
$
(6,823
)
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2013
$
(3,257
)
 
$
(4
)
 
$
(2,277
)
 
$
(2,407
)
 
$
(512
)
 
$
(8,457
)
Net change
2,601

 
(1
)
 
411

 
64

 
(133
)
 
2,942

Balance, September 30, 2014
$
(656
)
 
$
(5
)
 
$
(1,866
)
 
$
(2,343
)
 
$
(645
)
 
$
(5,515
)
(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 nine months ended September 30, 2014 and 2013.

Changes in OCI Components Before- and After-tax
 
Nine Months Ended September 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
$
5,322

 
$
(1,990
)
 
$
3,332

 
$
(7,573
)
 
$
2,813

 
$
(4,760
)
Net realized gains reclassified into earnings
(1,179
)
 
448

 
(731
)
 
(861
)
 
318

 
(543
)
Net change
4,143

 
(1,542
)
 
2,601

 
(8,434
)
 
3,131

 
(5,303
)
Available-for-sale marketable equity securities:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
(1
)
 

 
(1
)
 
28

 
(10
)
 
18

Net realized gains reclassified into earnings

 

 

 
(765
)
 
280

 
(485
)
Net change
(1
)
 

 
(1
)
 
(737
)
 
270

 
(467
)
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
106

 
(20
)
 
86

 
(3
)
 

 
(3
)
Net realized losses reclassified into earnings
521

 
(196
)
 
325

 
584

 
(216
)
 
368

Net change
627

 
(216
)
 
411

 
581

 
(216
)
 
365

Employee benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Net increase in fair value

 

 

 
2,138

 
(795
)
 
1,343

Net realized losses reclassified into earnings
37

 
(14
)
 
23

 
204

 
(68
)
 
136

Settlements, curtailments and other

 
41

 
41

 
46

 
(12
)
 
34

Net change
37

 
27

 
64

 
2,388

 
(875
)
 
1,513

Foreign currency:
 
 
 
 
 
 
 
 
 
 
 
Net decrease in fair value
258

 
(390
)
 
(132
)
 
214

 
(347
)
 
(133
)
Net realized gains reclassified into earnings
(2
)
 
1

 
(1
)
 
31

 
(32
)
 
(1
)
Net change
256

 
(389
)
 
(133
)
 
245

 
(379
)
 
(134
)
Total other comprehensive income (loss)
$
5,062

 
$
(2,120
)
 
$
2,942

 
$
(5,957
)
 
$
1,931

 
$
(4,026
)
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 nine months ended September 30, 2014 and 2013.

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

2013
Available-for-sale debt securities:
 
 
 
 
 
Gains on sales of debt securities
$
1,191

 
$
881

 
Other income (loss)
(12
)
 
(20
)
 
Income before income taxes
1,179

 
861

 
Income tax expense
448

 
318

 
Reclassification to net income
731

 
543

Available-for-sale marketable equity securities:
 
 
 
 
 
Equity investment income

 
765

 
Income before income taxes

 
765

 
Income tax expense

 
280

 
Reclassification to net income

 
485

Derivatives:
 
 
 
 
Interest rate contracts
Net interest income
(831
)
 
(818
)
Commodity contracts
Trading account profits

 
(1
)
Interest rate contracts
Other income

 
18

Equity compensation contracts
Personnel
310

 
217

 
Loss before income taxes
(521
)
 
(584
)
 
Income tax benefit
(196
)
 
(216
)
 
Reclassification to net income
(325
)
 
(368
)
Employee benefit plans:
 
 
 
 
Prior service costs, net actuarial losses and other
Personnel
(37
)
 
(204
)
 
Loss before income taxes
(37
)
 
(204
)
 
Income tax benefit
(14
)
 
(68
)
 
Reclassification to net income
(23
)
 
(136
)
Foreign currency:
 
 
 
 
Insignificant items
Other income (loss)
2

 
(31
)
 
Income (loss) before income taxes
2

 
(31
)
 
Income tax expense (benefit)
1

 
(32
)
 
Reclassification to net income
1

 
1

Total reclassification adjustments
 
$
384

 
$
525