Shareholders' Equity and Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes)

The following table illustrates activity within the balances in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2026 and 2025.


Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes)
(in millions)	Net unamortized holding (losses) gains on AFS securities transferred to HTM		Net unrealized gains (losses) on securities AFS(1)		Net unrealized gains (losses) on cash flow hedges(1)		Total
Balance at December 31, 2025	$	12	$	(105)	$	(30)	$	(123)
Other comprehensive income (loss) before reclassifications	—		(97)		(1)		(98)
Amounts reclassified from AOCI	(1)		(3)		—		(4)
Net current period other comprehensive income (loss)	(1)		(100)		(1)		(102)
Balance at March 31, 2026	$	11	$	(205)	$	(31)	$	(225)


Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes)
(in millions)	Net unamortized holding (losses) gains on AFS securities transferred to HTM		Net unrealized gains (losses) on securities AFS(1)		Net unrealized gains (losses) on cash flow hedges(1)		Total
Balance at December 31, 2024	$	18	$	(160)	$	(26)	$	(168)
Other comprehensive income (loss) before reclassifications	—		(14)		8		(6)
Amounts reclassified from AOCI	(2)		10		—		8
Net current period other comprehensive income (loss)	(2)		(4)		8		2
Balance at March 31, 2025	$	16	$	(164)	$	(18)	$	(166)

(1) For March 31, 2026 and 2025, the ending balance in net unrealized gains (losses) on securities available for sale includes unrealized losses of $5 million, related to residual tax effects remaining in OCI primarily due to previously established deferred tax asset valuation allowances. In accordance with ASC 740-20-45-11(b), under the portfolio approach, these unrealized losses are realized at the time the entire portfolio is sold or disposed.