The following table includes the components of AOCI:
Components of Accumulated Other Comprehensive Loss | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | dollars in millions | March 31, 2026 | | December 31, 2025 | | Pretax | | Income Taxes | | Net of Income Taxes | | Pretax | | Income Taxes | | Net of Income Taxes | | Unrealized loss on securities available for sale | $ | (349) | | | $ | 73 | | | $ | (276) | | | $ | (162) | | | $ | 25 | | | $ | (137) | | | Unrealized loss on securities available for sale transferred to held to maturity | (5) | | | 1 | | | (4) | | | (5) | | | 1 | | | (4) | | | Defined benefit pension items | 280 | | | (72) | | | 208 | | | 282 | | | (72) | | | 210 | | | | | | | | | | | | | | | Unrealized gain on cash flow hedge derivatives | — | | | — | | | — | | | 19 | | | (5) | | | 14 | | | Total accumulated other comprehensive (loss) income | $ | (74) | | | $ | 2 | | | $ | (72) | | | $ | 134 | | | $ | (51) | | | $ | 83 | |
The following table summarizes the changes in the components of AOCI, net of income taxes:
Changes in Accumulated Other Comprehensive (Loss) Income by Component | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | dollars in millions | Unrealized loss on securities available for sale | | Unrealized loss on securities available for sale transferred to held to maturity | | Defined benefit pension items | | | | Unrealized gain on cash flow hedge derivatives | | Total accumulated other comprehensive (loss) income | | Balance as of December 31, 2025 | $ | (137) | | | $ | (4) | | | $ | 210 | | | | | $ | 14 | | | $ | 83 | | | AOCI activity before reclassifications | (139) | | | — | | | (2) | | | | | (14) | | | (155) | | | Amounts reclassified from AOCI to earnings | — | | | — | | | — | | | | | — | | | — | | | Other comprehensive income for the period | (139) | | | — | | | (2) | | | | | (14) | | | (155) | | | Balance as of March 31, 2026 | $ | (276) | | | $ | (4) | | | $ | 208 | | | | | $ | — | | | $ | (72) | | | | | | | | | | | | | | | Balance as of December 31, 2024 | $ | (584) | | | $ | (4) | | | $ | 135 | | | | | $ | 8 | | | $ | (445) | | | AOCI activity before reclassifications | 239 | | | — | | | — | | | | | 10 | | | 249 | | | Amounts reclassified from AOCI to earnings | — | | | — | | | — | | | | | (3) | | | (3) | | | Other comprehensive (loss) income for the period | 239 | | | — | | | — | | | | | 7 | | | 246 | | | Balance as of March 31, 2025 | $ | (345) | | | $ | (4) | | | $ | 135 | | | | | $ | 15 | | | $ | (199) | |
The following table presents the pretax and after tax components of other comprehensive income:Other Comprehensive Income (Loss) by Component | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | dollars in millions | Three Months Ended March 31, | | | | 2026 | | 2025 | | | | Pretax | | Income Taxes | | Net of Income Taxes | | Pretax | | Income Taxes | | Net of Income Taxes | | Income Statement Line Items | | Unrealized loss on securities available for sale: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other comprehensive (loss) income on securities available for sale | $ | (187) | | | $ | 48 | | | $ | (139) | | | $ | 322 | | | $ | (83) | | | $ | 239 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Defined benefit pension items: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Actuarial loss | $ | (2) | | | $ | — | | | $ | (2) | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized gain on cash flow hedge derivatives: | | | | | | | | | | | | | | | AOCI activity before reclassifications | $ | (19) | | | $ | 5 | | | $ | (14) | | | $ | 12 | | | $ | (2) | | | $ | 10 | | | | | Amounts reclassified from AOCI to earnings | — | | | — | | | — | | | (3) | | | — | | | (3) | | | Interest income on loans and leases | | Other comprehensive income on cash flow hedge derivatives | $ | (19) | | | $ | 5 | | | $ | (14) | | | $ | 9 | | | $ | (2) | | | $ | 7 | | | | | Total other comprehensive income | $ | (208) | | | $ | 53 | | | $ | (155) | | | $ | 331 | | | $ | (85) | | | $ | 246 | | | |
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