Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss)

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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The table below presents the changes in accumulated OCI after-tax for the nine months ended September 30, 2021 and 2020.
(Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee
Benefit Plans		 Foreign
Currency		 Total
Balance, December 31, 2019 $ 323  $ (1,494) $ (400) $ (4,168) $ (894) $ (6,633)
Net change 4,794  (5) 808  144  (86) 5,655 
Balance, September 30, 2020 $ 5,117  $ (1,499) $ 408  $ (4,024) $ (980) $ (978)
Balance, December 31, 2020 $ 5,122  $ (1,992) $ 426  $ (4,266) $ (946) $ (1,656)
Net change (1,243) 292  (1,130) 170  (29) (1,940)
Balance, September 30, 2021 $ 3,879  $ (1,700) $ (704) $ (4,096) $ (975) $ (3,596)
The following table 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 pre- and after-tax for the nine months ended September 30, 2021 and 2020.
Pretax Tax
effect		 After-
tax		 Pretax Tax
effect		 After-
tax
Nine Months Ended September 30
(Dollars in millions) 2021 2020
Debt securities:
Net increase (decrease) in fair value $ (1,650) $ 410  $ (1,240) $ 6,763  $ (1,685) $ 5,078 
Net realized gains reclassified into earnings (1)
(4) 1  (3) (379) 95  (284)
Net change (1,654) 411  (1,243) 6,384  (1,590) 4,794 
Debit valuation adjustments:
Net increase (decrease) in fair value 365  (82) 283  (13) 5  (8)
Net realized losses reclassified into earnings (1)
12  (3) 9  4  (1) 3 
Net change 377  (85) 292  (9) 4  (5)
Derivatives:
Net increase (decrease) in fair value (1,339) 334  (1,005) 977  (238) 739 
Reclassifications into earnings:
Net interest income (125) 30  (95) 96  (23) 73 
Compensation and benefits expense (40) 10  (30) (5) 1  (4)
Net realized (gains) losses reclassified into earnings (165) 40  (125) 91  (22) 69 
Net change (1,504) 374  (1,130) 1,068  (260) 808 
Employee benefit plans:
Net actuarial losses and other reclassified into earnings (2)
209  (39) 170  191  (47) 144 
Net change 209  (39) 170  191  (47) 144 
Foreign currency:
Net decrease in fair value 240  (269) (29) (29) (57) (86)
Net change 240  (269) (29) (29) (57) (86)
Total other comprehensive income (loss) $ (2,332) $ 392  $ (1,940) $ 7,605  $ (1,950) $ 5,655 
(1)    Reclassifications of pretax debt securities, DVA and foreign currency (gains) losses are recorded in other income in the Consolidated Statement of Income.
(2)    Reclassifications of pretax employee benefit plan costs are recorded in other general operating expense in the Consolidated Statement of Income.