Accumulated Other Comprehensive Loss

The following table presents a reconciliation of the changes in the components of accumulated other comprehensive loss and details the components of other comprehensive income (loss) for the six months ended June 30, 2025 and 2024, including the amount of income tax expense (benefit) allocated to each component of other comprehensive income (loss).


	Six Months Ended June 30,
(in millions)	2025		2024
Accumulated net unrealized losses on investment securities:
Balance at beginning of period, net of tax	$	(2,197)	$	(2,043)


Net unrealized holding gains (losses) arising during the period	437		(282)
Less: Provision (benefit) for income taxes	107		(73)










Change in net unrealized losses on investment securities, net of tax	330		(209)
Balance at end of period, net of tax	$	(1,867)	$	(2,252)
Accumulated net losses on cash flow hedges:
Balance at beginning of period, net of tax	$	(596)	$	(605)
Net cash flow hedge gains (losses) arising during the period	273		(620)

Less: Provision (benefit) for income taxes	66		(150)
Change in net cash flow hedge losses arising during the period, net of tax	207		(470)
Less:
Net cash flow losses included in interest and fees on loans	(212)		(329)
Net accretion (amortization) of unrealized losses related to de-designated derivatives included in interest and fees on loans	51		(15)
Less: Benefit for income taxes	(39)		(83)
Reclassification adjustment for net cash flow hedge losses included in net income, net of tax	(122)		(261)
Change in net cash flow hedge losses, net of tax	329		(209)
Balance at end of period, net of tax (a)	$	(267)	$	(814)
Accumulated defined benefit pension and other postretirement plans adjustment:
Balance at beginning of period, net of tax	$	(368)	$	(400)





Amounts recognized in other noninterest expenses:
Amortization of actuarial net loss	13		13
Amortization of prior service credit	(9)		(10)

Total amounts recognized in other noninterest expenses	4		3
Less: Provision for income taxes	1		—
Adjustment for amounts recognized as components of net periodic benefit credit during the period, net of tax	3		3
Change in defined benefit pension and other postretirement plans adjustment, net of tax	3		3
Balance at end of period, net of tax	$	(365)	$	(397)
Total accumulated other comprehensive loss at end of period, net of tax	$	(2,499)	$	(3,463)

(a)The Corporation expects to reclassify $145 million of losses, net of tax, from accumulated other comprehensive loss to earnings over the next twelve months if interest yield curves and notional amounts remain at June 30, 2025 levels.