Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v3.8.0.1
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Schedule of Accumulated OCI
The table below presents the changes in accumulated OCI after-tax for the nine months ended September 30, 2017 and 2016.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
Debt
Securities
 
Available-for-
Sale Marketable
Equity Securities
 
Debit Valuation Adjustments
 
Derivatives
 
Employee
Benefit Plans
 
Foreign
Currency (1)
 
Total
Balance, December 31, 2015
$
16

 
$
62

 
$
(611
)
 
$
(1,077
)
 
$
(2,956
)
 
$
(792
)
 
$
(5,358
)
Net change
3,362

 
(43
)
 
49

 
277

 
29

 
(17
)
 
3,657

Balance, September 30, 2016
$
3,378

 
$
19

 
$
(562
)
 
$
(800
)
 
$
(2,927
)
 
$
(809
)
 
$
(1,701
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2016
$
(1,299
)
 
$
32

 
$
(767
)
 
$
(895
)
 
$
(3,480
)
 
$
(879
)
 
$
(7,288
)
Net change
945

 
(14
)
 
(149
)
 
156

 
80

 
102

 
1,120

Balance, September 30, 2017
$
(354
)
 
$
18

 
$
(916
)
 
$
(739
)
 
$
(3,400
)
 
$
(777
)
 
$
(6,168
)

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 the nine months ended September 30, 2017 and 2016.
 
 
 
 
 
 
 
 
 
 
 
 
Changes in OCI Components Before- and After-tax
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30
 
2017
 
2016
(Dollars in millions)
Before-tax
 
Tax effect
 
After-tax
 
Before-tax
 
Tax effect
 
After-tax
Debt securities:
 
 
 
 
 
 
 
 
 
 
 
Net increase in fair value
$
1,757

 
$
(657
)
 
$
1,100

 
$
5,896

 
$
(2,239
)
 
$
3,657

Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
 
Gains on sales of debt securities
(278
)
 
106

 
(172
)
 
(490
)
 
186

 
(304
)
Other income
33

 
(16
)
 
17

 
14

 
(5
)
 
9

Net realized gains reclassified into earnings
(245
)
 
90

 
(155
)
 
(476
)
 
181

 
(295
)
Net change
1,512

 
(567
)
 
945

 
5,420

 
(2,058
)
 
3,362

Available-for-sale marketable equity securities:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
45

 
(17
)
 
28

 
(70
)
 
27

 
(43
)
Net realized gains reclassified into earnings (2)
(67
)
 
25

 
(42
)
 
—

 
—

 
—

Net change
(22
)
 
8

 
(14
)
 
(70
)
 
27

 
(43
)
Debit valuation adjustments:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
(255
)
 
96

 
(159
)
 
61

 
(23
)
 
38

Net realized losses reclassified into earnings (2)
30

 
(20
)
 
10

 
18

 
(7
)
 
11

Net change
(225
)
 
76

 
(149
)
 
79

 
(30
)
 
49

Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
79

 
(30
)
 
49

 
(64
)
 
23

 
(41
)
Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
 
Net interest income
274

 
(103
)
 
171

 
447

 
(167
)
 
280

Personnel
(103
)
 
39

 
(64
)
 
61

 
(23
)
 
38

Net realized losses reclassified into earnings
171

 
(64
)
 
107

 
508

 
(190
)
 
318

Net change
250

 
(94
)
 
156

 
444

 
(167
)
 
277

Employee benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
 
Prior service cost
3

 
(1
)
 
2

 
3

 
(1
)
 
2

Net actuarial losses
125

 
(47
)
 
78

 
61

 
(24
)
 
37

Net realized losses reclassified into earnings (3)
128

 
(48
)
 
80

 
64

 
(25
)
 
39

Settlements, curtailments and other
—

 
—

 
—

 
—

 
(10
)
 
(10
)
Net change
128

 
(48
)
 
80

 
64

 
(35
)
 
29

Foreign currency:
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in fair value
(454
)
 
462

 
8

 
123

 
(140
)
 
(17
)
Net gains reclassified into earnings (1,2)
(608
)
 
702

 
94

 
—

 
—

 
—

Net change
(1,062
)
 
1,164

 
102

 
123

 
(140
)
 
(17
)
Total other comprehensive income (loss)
$
581

 
$
539

 
$
1,120

 
$
6,060

 
$
(2,403
)
 
$
3,657


(1) 
The nine months ended September 30, 2017 included a pre-tax gain on derivatives and related income tax expense associated with the Corporation's net investment in its non-U.S. consumer credit card business, which was sold during the second quarter of 2017. The derivative gain was partially offset by a loss on the related foreign currency translation adjustment.
(2) 
Reclassifications of pre-tax AFS marketable equity securities, DVA and foreign currency are recorded in other income in the Consolidated Statement of Income.
(3) 
Reclassifications of pre-tax employee benefit plan costs are recorded in personnel expense in the Consolidated Statement of Income.