v3.26.1
LONG-TERM DEBT AND SHAREHOLDERS' EQUITY (Tables)
 3 Months Ended
Mar. 31, 2026
Debt And Equity [Abstract]  
Schedule of Long-term Debt
The following schedule presents the components of our long-term debt:
LONG-TERM DEBT
(In millions)March 31,
2026		December 31, 2025
Subordinated notes 1
$968 $969 
Senior notes992 499 
Finance lease obligations3 4 
Total$1,963 $1,472 
1 The change in the subordinated notes balance is primarily due to fair value hedge basis adjustments. See also Note 4.
Schedule of Changes in Accumulated Other Comprehensive Income
The following schedule presents the changes in AOCI:
(In millions)Net unrealized gains (losses) on investment securitiesNet unrealized gains (losses) on derivatives and otherPension and post-retirementTotal
Three Months Ended March 31, 2026
Balance at December 31, 2025$(1,917)$(23)$(1)$(1,941)
Other comprehensive income before reclassifications, net of tax
(21)(22)— (43)
Amounts reclassified from AOCI, net of tax40 9 — 49 
Other comprehensive income19 (13)— 6 
Balance at March 31, 2026$(1,898)$(36)$(1)$(1,935)
Income tax expense included in other comprehensive income
$6 $(4)$— $2 
Three Months Ended March 31, 2025
Balance at December 31, 2024$(2,301)$(78)$(1)$(2,380)
Other comprehensive income before reclassifications, net of tax
68 5 — 73 
Amounts reclassified from AOCI, net of tax43 14 — 57 
Other comprehensive income 111 19 — 130 
Balance at March 31, 2025$(2,190)$(59)$(1)$(2,250)
Income tax expense included in other comprehensive income
$36 $6 $— $42 
Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from AOCI
(In millions)Three Months Ended
March 31,
AOCI components20262025Affected line item on statement of income
Net unrealized gains (losses) on investment securities
$(53)$(57)Securities gains (losses), net
Less: Income tax expense (benefit)(13)(14)
Total$(40)$(43)
Net unrealized gains (losses) on derivative instruments and other
$(12)$(19)Interest and fees on loans; Interest on short- and long-term borrowings
Less: Income tax expense (benefit)(3)(5)
Total$(9)$(14)