v3.25.2
Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss includes certain items that are reported directly within a separate component of equity. The following table presents changes in accumulated other comprehensive loss balances:
Three Months Ended June 30,20252024
 (in millions)
Unrealized gains (losses) on investment securities:
Balance at beginning of period$(1,543)$(1,841)
Other comprehensive income (loss) for period:
Net unrealized gains (losses) arising during period, net of tax of $8 million and $(24) million, respectively
25 (77)
Reclassification adjustment for gains realized in net income, net of tax of $(1) million and $(2) million, respectively(1)
(5)(6)
Total other comprehensive income (loss) for period20 (83)
Balance at end of period(1,523)(1,924)
Unrealized gains (losses) on fair value option liabilities attributable to our own credit spread:
Balance at beginning of period9 24 
Other comprehensive income (loss) for period:
Net unrealized losses arising during period, net of tax of $(2) million and $(1) million, respectively
(7)(4)
Total other comprehensive loss for period(7)(4)
Balance at end of period2 20 
Unrealized gains (losses) on derivatives designated as cash flow hedges:
Balance at beginning of period(131)(224)
Other comprehensive income (loss) for period:
Net unrealized gains (losses) arising during period, net of tax of $(17) million and $5 million, respectively
(49)16 
Reclassification adjustment for losses realized in net income, net of tax of $5 million and $4 million, respectively(3)
12 12 
Total other comprehensive income (loss) for period(37)28 
Balance at end of period(168)(196)
Pension and postretirement benefit liability:
Balance at beginning and end of period6 
Total accumulated other comprehensive loss at end of period$(1,683)$(2,093)
Six Months Ended June 30,20252024
 (in millions)
Unrealized gains (losses) on investment securities:
Balance at beginning of period$(1,732)$(1,734)
Other comprehensive income (loss) for period:
Net unrealized gains (losses) arising during period, net of tax of $72 million and $(60) million, respectively
215 (183)
Reclassification adjustment for gains realized in net income, net of tax of $(2) million and $(2) million, respectively(1)
(7)(8)
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity realized in net income, net of tax of less than $1 million and less than $1 million, respectively(2)
1 
Total other comprehensive income (loss) for period209 (190)
Balance at end of period(1,523)(1,924)
Unrealized gains (losses) on fair value option liabilities attributable to our own credit spread:
Balance at beginning of period6 61 
Other comprehensive income (loss) for period:
Net unrealized losses arising during period, net of tax of $(1) million and $(13) million, respectively
(4)(41)
Total other comprehensive loss for period(4)(41)
Balance at end of period2 20 
Unrealized gains (losses) on derivatives designated as cash flow hedges:
Balance at beginning of period(52)(260)
Other comprehensive income (loss) for period:
Net unrealized gains (losses) arising during period, net of tax of $(45) million and $15 million, respectively
(136)47 
Reclassification adjustment for losses realized in net income, net of tax of $7 million and $6 million, respectively(3)
20 17 
Total other comprehensive income (loss) for period(116)64 
Balance at end of period(168)(196)
Pension and postretirement benefit liability:
Balance at beginning and end of period6 
Total accumulated other comprehensive loss at end of period$(1,683)$(2,093)
(1)Amount reclassified to net income is included in other securities gains, net in our consolidated statement of income.
(2)Amount amortized to net income is included in interest income in our consolidated statement of income. During 2014, we transferred securities from available-for-sale to held-to-maturity. At the date of transfer, AOCI included net pretax unrealized losses related to the transferred securities which are being amortized over the remaining contractual life of each security as an adjustment of yield in a manner consistent with the amortization of any premium or discount.
(3)Amount reclassified to net income is included in net interest income in our consolidated statement of income.