| Activity of the Components of Other Comprehensive Income and Accumulated Other Comprehensive Income |
The tables below present the activity of the components of OCI and AOCI for the three months ended: | | | | | | | | | | | | | | | | | | | | | | Total OCI | Total AOCI | | June 30, 2025 ($ in millions) | Pre-tax
Activity | Tax
Effect | Net
Activity | Beginning
Balance | Net
Activity | Ending
Balance | | Unrealized holding gains on available-for-sale debt securities arising during period | $ | 237 | | (58) | | 179 | | | | | | Reclassification adjustment for net losses on available-for-sale debt securities included in net income | — | | — | | — | | | | | | Net unrealized losses on available-for-sale debt securities | 237 | | (58) | | 179 | | (2,799) | | 179 | | (2,620) | | | | | | | | | | Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income | 28 | | (6) | | 22 | | | | | | Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | 28 | | (6) | | 22 | | (659) | | 22 | | (637) | | | | | | | | | | Unrealized holding gains on cash flow hedge derivatives arising during period | 144 | | (34) | | 110 | | | | | | Reclassification adjustment for net losses on cash flow hedge derivatives included in net income | 50 | | (12) | | 38 | | | | | | Net unrealized losses on cash flow hedge derivatives | 194 | | (46) | | 148 | | (419) | | 148 | | (271) | | | | | | | | | | | | | | | | | | | | | | | | Defined benefit pension plans, net | — | | — | | — | | (16) | | — | | (16) | | | | | | | | | | Other | — | | — | | — | | (2) | | — | | (2) | | | Total | $ | 459 | | (110) | | 349 | | (3,895) | | 349 | | (3,546) | |
| | | | | | | | | | | | | | | | | | | | | | Total OCI | Total AOCI | | June 30, 2024 ($ in millions) | Pre-tax
Activity | Tax
Effect | Net
Activity | Beginning
Balance | Net
Activity | Ending
Balance | | Unrealized holding losses on available-for-sale debt securities arising during period | $ | (5) | | 4 | | (1) | | | | | | | | | | | | | Reclassification adjustment for net losses on available-for-sale debt securities included in net income | 4 | | (1) | | 3 | | | | | | Net unrealized losses on available-for-sale debt securities | (1) | | 3 | | 2 | | (3,488) | | 2 | | (3,486) | | | | | | | | | | | | | | | | | Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income | 32 | | (7) | | 25 | | | | | | Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | 32 | | (7) | | 25 | | (760) | | 25 | | (735) | | | | | | | | | | Unrealized holding losses on cash flow hedge derivatives arising during period | (145) | | 36 | | (109) | | | | | | Reclassification adjustment for net losses on cash flow hedge derivatives included in net income | 90 | | (21) | | 69 | | | | | | Net unrealized losses on cash flow hedge derivatives | (55) | | 15 | | (40) | | (619) | | (40) | | (659) | | | | | | | | | | | | | | | | | | | | | | | | Defined benefit pension plans, net | — | | — | | — | | (17) | | — | | (17) | | | | | | | | | | Other | — | | — | | — | | (4) | | — | | (4) | | | Total | $ | (24) | | 11 | | (13) | | (4,888) | | (13) | | (4,901) | |
The tables below present the activity of the components of OCI and AOCI for the six months ended:
| | | | | | | | | | | | | | | | | | | | | | Total OCI | Total AOCI | | June 30, 2025 ($ in millions) | Pre-tax
Activity | Tax Effect | Net Activity | Beginning Balance | Net Activity | Ending Balance | | Unrealized holding gains on available-for-sale debt securities arising during the year | $ | 870 | | (210) | | 660 | | | | | | Reclassification adjustment for net gains on available-for-sale debt securities included in net income | — | | — | | — | | | | | | Net unrealized losses on available-for-sale debt securities | 870 | | (210) | | 660 | | (3,280) | | 660 | | (2,620) | | | | | | | | | | Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income | 60 | | (13) | | 47 | | | | | | Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | 60 | | (13) | | 47 | | (684) | | 47 | | (637) | | | | | | | | | | Unrealized holding gains on cash flow hedge derivatives arising during the year | 399 | | (96) | | 303 | | | | | | Reclassification adjustment for net losses on cash flow hedge derivatives included in net income | 105 | | (25) | | 80 | | | | | | Net unrealized losses on cash flow hedge derivatives | 504 | | (121) | | 383 | | (654) | | 383 | | (271) | | | | | | | | | | | | | | | | | | | | | | | | Defined benefit pension plans, net | — | | — | | — | | (16) | | — | | (16) | | | | | | | | | | Other | — | | — | | — | | (2) | | — | | (2) | | | Total | $ | 1,434 | | (344) | | 1,090 | | (4,636) | | 1,090 | | (3,546) | |
| | | | | | | | | | | | | | | | | | | | | | Total OCI | Total AOCI | | June 30, 2024 ($ in millions) | Pre-tax
Activity | Tax Effect | Net Activity | Beginning Balance | Net Activity | Ending Balance | | Unrealized holding losses on available-for-sale debt securities arising during period | $ | (241) | | 59 | | (182) | | | | | | Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | 994 | | (209) | | 785 | | | | | | Reclassification adjustment for net losses on available-for-sale debt securities included in net income | 7 | | (2) | | 5 | | | | | | Net unrealized losses on available-for-sale debt securities | 760 | | (152) | | 608 | | (4,094) | | 608 | | (3,486) | | | | | | | | | | Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | (994) | | 209 | | (785) | | | | | | Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income | 64 | | (14) | | 50 | | | | | | Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | (930) | | 195 | | (735) | | — | | (735) | | (735) | | | | | | | | | | Unrealized holding losses on cash flow hedge derivatives arising during period | (557) | | 132 | | (425) | | | | | | Reclassification adjustment for net losses on cash flow hedge derivatives included in net income | 179 | | (41) | | 138 | | | | | | Net unrealized losses on cash flow hedge derivatives | (378) | | 91 | | (287) | | (372) | | (287) | | (659) | | | | | | | | | | | | | | | | | | | | | | | | Defined benefit pension plans, net | — | | — | | — | | (17) | | — | | (17) | | | | | | | | | | Other | — | | — | | — | | (4) | | — | | (4) | | | Total | $ | (548) | | 134 | | (414) | | (4,487) | | (414) | | (4,901) | |
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| Reclassification Out of Accumulated Other Comprehensive Income to Net Income |
The table below presents reclassifications out of AOCI: | | | | | | | | | | | | | | | | | | | Condensed Consolidated Statements of Income Caption | For the three months ended
June 30, | For the six months ended
June 30, | | ($ in millions) | 2025 | 2024 | 2025 | 2024 | Net unrealized losses on available-for-sale debt securities:(a) | | | | | | | Net losses included in net income | Securities gains, net | $ | — | | (4) | | — | | (7) | | | Income before income taxes | — | | (4) | | — | | (7) | | | Applicable income tax expense | — | | 1 | | — | | 2 | | | Net income | — | | (3) | | — | | (5) | | Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities:(a) | | | | | | | Net losses included in net income | Interest on securities | (28) | | (32) | | (60) | | (64) | | | Income before income taxes | (28) | | (32) | | (60) | | (64) | | | Applicable income tax expense | 6 | | 7 | | 13 | | 14 | | | Net income | (22) | | (25) | | (47) | | (50) | | Net unrealized losses on cash flow hedge derivatives:(a) | | | | | | | Interest rate contracts related to C&I, commercial mortgage and commercial construction loans | Interest and fees on loans and leases | (50) | | (90) | | (105) | | (179) | | | Income before income taxes | (50) | | (90) | | (105) | | (179) | | | Applicable income tax expense | 12 | | 21 | | 25 | | 41 | | | Net income | (38) | | (69) | | (80) | | (138) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total reclassifications for the period | Net income | $ | (60) | | (97) | | (127) | | (193) | |
(a)Amounts in parentheses indicate reductions to net income.
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