ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 9 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the components of the Company’s OCI:


(dollars in millions)			Pre-tax						Tax Effect						After-tax
Three Months Ended March 31, 2026
Net unrealized gains (losses) on cash flow hedges arising during the period			($169)						$45						($124)
Reclassification of net (gains) losses on cash flow hedges to earnings			113						(30)						83
Net unrealized gains (losses) on cash flow hedges			(56)						15						(41)
Net unrealized gains (losses) on AFS securities arising during the period			(133)						33						(100)
Reclassification of net (gains) losses on investment securities to earnings			25						(6)						19
Net unrealized gains (losses) on investment securities			(108)						27						(81)
Net actuarial gain (loss) arising during the period			—						—						—
Amortization of actuarial (gain) loss to earnings			5						(1)						4
Defined benefit plans			5						(1)						4
Total other comprehensive income (loss)			($159)						$41						($118)
Three Months Ended March 31, 2025
Net unrealized gains (losses) on cash flow hedges arising during the period			$284						($76)						$208
Reclassification of net (gains) losses on cash flow hedges to earnings			202						(54)						148
Net unrealized gains (losses) on cash flow hedges			486						(130)						356
Net unrealized gains (losses) on AFS securities arising during the period			377						(95)						282
Reclassification of net (gains) losses on investment securities to earnings			17						(4)						13
Net unrealized gains (losses) on investment securities			394						(99)						295
Net actuarial gain (loss) arising during the period			—						—						—
Amortization of actuarial (gain) loss to earnings			4						(1)						3
Defined benefit plans			4						(1)						3
Total other comprehensive income (loss)			$884						($230)						$654

The following table summarizes the activity in each component of AOCI, net of income taxes:


(dollars in millions)			Net Unrealized Gains (Losses) on Cash Flow Hedges						Net Unrealized Gains (Losses) on Investment Securities						Defined Benefit Plans						Total AOCI
Three Months Ended March 31, 2026
Balance at January 1, 2026			($118)						($1,603)						($249)						($1,970)
Other comprehensive income (loss) before reclassifications			(124)						(100)						—						(224)
Amounts reclassified from AOCI to earnings			83						19						4						106
Total other comprehensive income (loss)			(41)						(81)						4						(118)
Balance at March 31, 2026			($159)						($1,684)						($245)						($2,088)
Three Months Ended March 31, 2025
Balance at January 1, 2025			($925)						($2,369)						($301)						($3,595)
Other comprehensive income (loss) before reclassifications			208						282						—						490
Amounts reclassified from AOCI to earnings			148						13						3						164
Total other comprehensive income (loss)			356						295						3						654
Balance at March 31, 2025			($569)						($2,074)						($298)						($2,941)















Primary location in the Consolidated Statements of Operations of amounts reclassified from AOCI			Net interest income						Securities gains, net and Net interest income						Other operating expense