The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains (Losses) on Cash Flow Hedges | | Unrealized Gains (Losses) on Available-for-sale Debt Securities | | Foreign Currency Translation Adjustment (“CTA”) | | Net Investment Hedges CTA Gains (Losses) | | Estimated Tax (Expense) Benefit | | Total | | (In millions) | | Beginning balance | $ | (29) | | | $ | 5 | | | $ | (936) | | | $ | 313 | | | $ | 25 | | | $ | (622) | | | Other comprehensive income (loss) before reclassifications | (318) | | | (10) | | | 162 | | | — | | | (20) | | | (186) | | Less: Amount of net gains (losses) reclassified from accumulated other comprehensive income (loss) (“AOCI”) | (70) | | | 1 | | | — | | | — | | | — | | | (69) | | | Net current period other comprehensive income (loss) | (248) | | | (11) | | | 162 | | | — | | | (20) | | | (117) | | | Ending balance | $ | (277) | | | $ | (6) | | | $ | (774) | | | $ | 313 | | | $ | 5 | | | $ | (739) | |
The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended June 30, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains (Losses) on Cash Flow Hedges | | Unrealized Gains (Losses) on Available-for-sale Debt Securities | | Foreign CTA | | Net Investment Hedges CTA Gains (Losses) | | Estimated Tax (Expense) Benefit | | Total | | (In millions) | | Beginning balance | $ | 40 | | | $ | (51) | | | $ | (935) | | | $ | 290 | | | $ | (3) | | | $ | (659) | | | Other comprehensive income (loss) before reclassifications | 25 | | | 16 | | | (126) | | | 100 | | | (26) | | | (11) | | Less: Amount of net gains (losses) reclassified from AOCI | 22 | | | 1 | | | — | | | — | | | — | | | 23 | | | Net current period other comprehensive income (loss) | 3 | | | 15 | | | (126) | | | 100 | | | (26) | | | (34) | | | Ending balance | $ | 43 | | | $ | (36) | | | $ | (1,061) | | | $ | 390 | | | $ | (29) | | | $ | (693) | |
The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the six months ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains (Losses) on Cash Flow Hedges | | Unrealized Gains (Losses) on Available-for-sale Debt Securities | | Foreign CTA | | Net Investment Hedges CTA Gains (Losses) | | Estimated Tax (Expense) Benefit | | Total | | (In millions) | | Beginning balance | $ | 147 | | | $ | 14 | | | $ | (1,063) | | | $ | 313 | | | $ | 39 | | | $ | (550) | | | Other comprehensive income (loss) before reclassifications | (459) | | | (18) | | | 289 | | | — | | | (34) | | | (222) | | Less: Amount of net gains (losses) reclassified from AOCI | (35) | | | 2 | | | — | | | — | | | — | | | (33) | | | Net current period other comprehensive income (loss) | (424) | | | (20) | | | 289 | | | — | | | (34) | | | (189) | | | Ending balance | $ | (277) | | | $ | (6) | | | $ | (774) | | | $ | 313 | | | $ | 5 | | | $ | (739) | |
The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the six months ended June 30, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains (Losses) on Cash Flow Hedges | | Unrealized Gains (Losses) on Available-for-sale Debt Securities | | Foreign CTA | | Net Investment Hedges CTA Gains (Losses) | | Estimated Tax (Expense) Benefit | | Total | | (In millions) | | Beginning balance | $ | (56) | | | $ | (134) | | | $ | (774) | | | $ | 191 | | | $ | 27 | | | $ | (746) | | | Other comprehensive income (loss) before reclassifications | 121 | | | 57 | | | (287) | | | 199 | | | (56) | | | 34 | | Less: Amount of net gains (losses) reclassified from AOCI | 22 | | | (41) | | | — | | | — | | | — | | | (19) | | | Net current period other comprehensive income (loss) | 99 | | | 98 | | | (287) | | | 199 | | | (56) | | | 53 | | | Ending balance | $ | 43 | | | $ | (36) | | | $ | (1,061) | | | $ | 390 | | | $ | (29) | | | $ | (693) | |
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