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 three months ended March 31, 2024 and 2023.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pretax |
|
Tax effect |
|
After- tax |
|
Pretax |
|
Tax effect |
|
After- tax |
|
|
|
|
|
|
|
Three Months Ended March 31 |
|
|
|
|
|
|
(Dollars in millions) |
2024 |
|
2023 |
|
|
Debt securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in fair value |
$ |
457
|
|
|
$ |
(117) |
|
|
$ |
340
|
|
|
$ |
521 |
|
|
$ |
(123) |
|
|
$ |
398 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized (gains) losses reclassified into earnings (1)
|
(10) |
|
|
2
|
|
|
(8) |
|
|
210 |
|
|
(53) |
|
|
157 |
|
|
|
|
|
|
|
Net change |
447
|
|
|
(115) |
|
|
332
|
|
|
731 |
|
|
(176) |
|
|
555 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debit valuation adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in fair value |
(257) |
|
|
64
|
|
|
(193) |
|
|
9 |
|
|
(2) |
|
|
7 |
|
|
|
|
|
|
|
Net realized (gains) losses reclassified into earnings (1)
|
7
|
|
|
(2) |
|
|
5
|
|
|
4 |
|
|
(1) |
|
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change |
(250) |
|
|
62
|
|
|
(188) |
|
|
13 |
|
|
(3) |
|
|
10 |
|
|
|
|
|
|
|
Derivatives: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in fair value |
(1,065) |
|
|
268
|
|
|
(797) |
|
|
2,568 |
|
|
(643) |
|
|
1,925 |
|
|
|
|
|
|
|
Reclassifications into earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
458
|
|
|
(115) |
|
|
343
|
|
|
161 |
|
|
(40) |
|
|
121 |
|
|
|
|
|
|
|
Market making and similar activities |
59
|
|
|
(14) |
|
|
45
|
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compensation and benefits expense |
(9) |
|
|
2
|
|
|
(7) |
|
|
(5) |
|
|
1 |
|
|
(4) |
|
|
|
|
|
|
|
Net realized (gains) losses reclassified into earnings |
508
|
|
|
(127) |
|
|
381
|
|
|
156 |
|
|
(39) |
|
|
117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change |
(557) |
|
|
141
|
|
|
(416) |
|
|
2,724 |
|
|
(682) |
|
|
2,042 |
|
|
|
|
|
|
|
Employee benefit plans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net actuarial losses and other reclassified into earnings (2)
|
30
|
|
|
(7) |
|
|
23
|
|
|
13 |
|
|
(3) |
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change |
30
|
|
|
(7) |
|
|
23
|
|
|
13 |
|
|
(3) |
|
|
10 |
|
|
|
|
|
|
|
Foreign currency: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in fair value |
166
|
|
|
(186) |
|
|
(20) |
|
|
(77) |
|
|
89 |
|
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change |
166
|
|
|
(186) |
|
|
(20) |
|
|
(77) |
|
|
89 |
|
|
12 |
|
|
|
|
|
|
|
Total other comprehensive income (loss) |
$ |
(164) |
|
|
$ |
(105) |
|
|
$ |
(269) |
|
|
$ |
3,404 |
|
|
$ |
(775) |
|
|
$ |
2,629 |
|
|
|
|
|
|
|
(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.
|