Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v3.3.0.814
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Schedule of Accumulated OCI
The table below presents the changes in accumulated OCI after-tax for the nine months ended September 30, 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
2,601

 
(1
)
 
411

 
64

 
(133
)
 
2,942

Balance, September 30, 2014
$
(656
)
 
$
(5
)
 
$
(1,866
)
 
$
(2,343
)
 
$
(645
)
 
$
(5,515
)
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2014
$
1,343

 
$
17

 
$
(1,661
)
 
$
(3,350
)
 
$
(669
)
 
$
(4,320
)
Net change
219

 
(2
)
 
416

 
77

 
(84
)
 
626

Balance, September 30, 2015
$
1,562

 
$
15

 
$
(1,245
)
 
$
(3,273
)
 
$
(753
)
 
$
(3,694
)
(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, 2015 and 2014.

Changes in OCI Components Before- and After-tax
 
Nine Months Ended September 30
 
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
$
1,103

 
$
(423
)
 
$
680

 
$
5,322

 
$
(1,990
)
 
$
3,332

Net realized gains reclassified into earnings
(744
)
 
283

 
(461
)
 
(1,179
)
 
448

 
(731
)
Net change
359

 
(140
)
 
219

 
4,143

 
(1,542
)
 
2,601

Available-for-sale marketable equity securities:
 
 
 
 
 
 
 
 
 
 
 
Net decrease in fair value
(3
)
 
1

 
(2
)
 
(1
)
 
—

 
(1
)
Net change
(3
)
 
1

 
(2
)
 
(1
)
 
—

 
(1
)
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
(42
)
 
14

 
(28
)
 
106

 
(20
)
 
86

Net realized losses reclassified into earnings
711

 
(267
)
 
444

 
521

 
(196
)
 
325

Net change
669

 
(253
)
 
416

 
627

 
(216
)
 
411

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

 
(1
)
 
—

 
—

 
—

Net realized losses reclassified into earnings
128

 
(49
)
 
79

 
37

 
(14
)
 
23

Settlements, curtailments and other
—

 
(1
)
 
(1
)
 
—

 
41

 
41

Net change
126

 
(49
)
 
77

 
37

 
27

 
64

Foreign currency:
 
 
 
 
 
 
 
 
 
 
 
Net decrease in fair value
482

 
(566
)
 
(84
)
 
258

 
(390
)
 
(132
)
Net realized gains reclassified into earnings
(29
)
 
29

 
—

 
(2
)
 
1

 
(1
)
Net change
453

 
(537
)
 
(84
)
 
256

 
(389
)
 
(133
)
Total other comprehensive income
$
1,604

 
$
(978
)
 
$
626

 
$
5,062

 
$
(2,120
)
 
$
2,942

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, 2015 and 2014. There were no amounts reclassified out of AFS marketable equity securities for the nine months ended September 30, 2015 and 2014.

Reclassifications Out of Accumulated OCI
(Dollars in millions)
 
Nine Months Ended September 30
Accumulated OCI Components
Income Statement Line Item Impacted
2015

2014
Available-for-sale debt securities:
 
 
 
 
 
Gains on sales of debt securities
$
821

 
$
1,191

 
Other loss
(77
)
 
(12
)
 
Income before income taxes
744

 
1,179

 
Income tax expense
283

 
448

 
Reclassification to net income
461

 
731

Derivatives:
 
 
 
 
Interest rate contracts
Net interest income
(768
)
 
(831
)
Equity compensation contracts
Personnel
57

 
310

 
Loss before income taxes
(711
)
 
(521
)
 
Income tax benefit
(267
)
 
(196
)
 
Reclassification to net income
(444
)
 
(325
)
Employee benefit plans:
 
 
 
 
Net actuarial losses and prior service costs
Personnel
(128
)
 
(37
)
 
Loss before income taxes
(128
)
 
(37
)
 
Income tax benefit
(49
)
 
(14
)
 
Reclassification to net income
(79
)
 
(23
)
Foreign currency:
 
 
 
 
Insignificant items
Other income
29

 
2

 
Income before income taxes
29

 
2

 
Income tax expense
29

 
1

 
Reclassification to net income
—

 
1

Total reclassification adjustments
 
$
(62
)
 
$
384