Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v2.4.1.9
Accumulated Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Schedule of Accumulated OCI
The table below presents the changes in accumulated OCI after-tax for the three months ended March 31, 2015 and 2014.

(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, 2013
$
(3,257
)
 
$
(4
)
 
$
(2,277
)
 
$
(2,407
)
 
$
(512
)
 
$
(8,457
)
Net change
1,297

 
(8
)
 
208

 
49

 
(126
)
 
1,420

Balance, March 31, 2014
$
(1,960
)
 
$
(12
)
 
$
(2,069
)
 
$
(2,358
)
 
$
(638
)
 
$
(7,037
)
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2014
$
1,343

 
$
17

 
$
(1,661
)
 
$
(3,350
)
 
$
(669
)
 
$
(4,320
)
Net change
1,317

 
19

 
43

 
25

 
(51
)
 
1,353

Balance, March 31, 2015
$
2,660

 
$
36

 
$
(1,618
)
 
$
(3,325
)
 
$
(720
)
 
$
(2,967
)
(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 three months ended March 31, 2015 and 2014.

Changes in OCI Components Before- and After-tax
 
Three Months Ended March 31
 
2015
 
2014
(Dollars in millions)
Before-tax
 
Tax effect
 
After-tax
 
Before-tax
 
Tax effect
 
After-tax
Available-for-sale debt securities:
 
 
 
 
 
 
 
 
 
 
 
Net increase in fair value
$
2,320

 
$
(880
)
 
$
1,440

 
$
2,389

 
$
(859
)
 
$
1,530

Net realized gains reclassified into earnings
(198
)
 
75

 
(123
)
 
(376
)
 
143

 
(233
)
Net change
2,122

 
(805
)
 
1,317

 
2,013

 
(716
)
 
1,297

Available-for-sale marketable equity securities:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
32

 
(13
)
 
19

 
(13
)
 
5

 
(8
)
Net change
32

 
(13
)
 
19

 
(13
)
 
5

 
(8
)
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
(186
)
 
69

 
(117
)
 
173

 
(47
)
 
126

Net realized losses reclassified into earnings
256

 
(96
)
 
160

 
131

 
(49
)
 
82

Net change
70

 
(27
)
 
43

 
304

 
(96
)
 
208

Employee benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Net decrease in fair value
(2
)
 
1

 
(1
)
 
—

 
—

 
—

Net realized losses reclassified into earnings
42

 
(16
)
 
26

 
13

 
(5
)
 
8

Settlements, curtailments and other
—

 
—

 
—

 
—

 
41

 
41

Net change
40

 
(15
)
 
25

 
13

 
36

 
49

Foreign currency:
 
 
 
 
 
 
 
 
 
 
 
Net decrease in fair value
462

 
(513
)
 
(51
)
 
(96
)
 
(29
)
 
(125
)
Net realized gains reclassified into earnings
—

 
—

 
—

 
(2
)
 
1

 
(1
)
Net change
462

 
(513
)
 
(51
)
 
(98
)
 
(28
)
 
(126
)
Total other comprehensive income
$
2,726

 
$
(1,373
)
 
$
1,353

 
$
2,219

 
$
(799
)
 
$
1,420

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 three months ended March 31, 2015 and 2014. There were no amounts reclassified out of AFS marketable equity securities for the three months ended March 31, 2015 and 2014.

Reclassifications Out of Accumulated OCI
(Dollars in millions)
 
Three Months Ended March 31
Accumulated OCI Components
Income Statement Line Item Impacted
2015

2014
Available-for-sale debt securities:
 
 
 
 
 
Gains on sales of debt securities
$
268

 
$
377

 
Other loss
(70
)
 
(1
)
 
Income before income taxes
198

 
376

 
Income tax expense
75

 
143

 
Reclassification to net income
123

 
233

Derivatives:
 
 
 
 
Interest rate contracts
Net interest income
(255
)
 
(281
)
Equity compensation contracts
Personnel
(1
)
 
150

 
Loss before income taxes
(256
)
 
(131
)
 
Income tax benefit
(96
)
 
(49
)
 
Reclassification to net income
(160
)
 
(82
)
Employee benefit plans:
 
 
 
 
Net actuarial losses and prior service costs
Personnel
(42
)
 
(13
)
 
Loss before income taxes
(42
)
 
(13
)
 
Income tax benefit
(16
)
 
(5
)
 
Reclassification to net income
(26
)
 
(8
)
Foreign currency:
 
 
 
 
Insignificant items
Other income
—

 
2

 
Income before income taxes
—

 
2

 
Income tax expense
—

 
1

 
Reclassification to net income
—

 
1

Total reclassification adjustments
 
$
(63
)
 
$
144