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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 6 Months Ended
Jun. 30, 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)Pretax
Tax Effect
After-tax
Three Months Ended June 30, 2026
Net unrealized gains (losses) on cash flow hedges arising during the period
($246)$66 ($180)
Reclassification of net (gains) losses on cash flow hedges to earnings
73 (20)53 
Net unrealized gains (losses) on cash flow hedges
(173)46 (127)
Net unrealized gains (losses) on AFS securities arising during the period
(94)23 (71)
Reclassification of net (gains) losses on investment securities to earnings
32 (8)24 
Net unrealized gains (losses) on investment securities
(62)15 (47)
Net actuarial gain (loss) arising during the period
— — — 
Amortization of actuarial (gain) loss to earnings
1 — 1 
Defined benefit plans
1 — 1 
Total other comprehensive income (loss)
($234)$61 ($173)
Three Months Ended June 30, 2025
Net unrealized gains (losses) on cash flow hedges arising during the period
$113 ($30)$83 
Reclassification of net (gains) losses on cash flow hedges to earnings
198 (53)145 
Net unrealized gains (losses) on cash flow hedges
311 (83)228 
Net unrealized gains (losses) on AFS securities arising during the period
76 (20)56 
Reclassification of net (gains) losses on investment securities to earnings
23 (6)17 
Net unrealized gains (losses) on investment securities
99 (26)73 
Net actuarial gain (loss) arising during the period
— — — 
Amortization of actuarial (gain) loss to earnings
2 (1)1 
Defined benefit plans
2 (1)1 
Total other comprehensive income (loss)
$412 ($110)$302 
Six Months Ended June 30, 2026
Net unrealized gains (losses) on cash flow hedges arising during the period
($415)$111 ($304)
Reclassification of net (gains) losses on cash flow hedges to earnings
186 (50)136 
Net unrealized gains (losses) on cash flow hedges
(229)61 (168)
Net unrealized gains (losses) on AFS securities arising during the period
(227)56 (171)
Reclassification of net (gains) losses on investment securities to earnings
57 (14)43 
Net unrealized gains (losses) on investment securities
(170)42 (128)
Net actuarial gain (loss) arising during the period
— — — 
Amortization of actuarial (gain) loss to earnings
6 (1)5 
Defined benefit plans
6 (1)5 
Total other comprehensive income (loss)
($393)$102 ($291)
Six Months Ended June 30, 2025
Net unrealized gains (losses) on cash flow hedges arising during the period
$397 ($106)$291 
Reclassification of net (gains) losses on cash flow hedges to earnings
400 (107)293 
Net unrealized gains (losses) on cash flow hedges
797 (213)584 
Net unrealized gains (losses) on AFS securities arising during the period
453 (115)338 
Reclassification of net (gains) losses on investment securities to earnings
40 (10)30 
Net unrealized gains (losses) on investment securities
493 (125)368 
Net actuarial gain (loss) arising during the period
— — — 
Amortization of actuarial (gain) loss to earnings
6 (2)4 
Defined benefit plans
6 (2)4 
Total other comprehensive income (loss)
$1,296 ($340)$956 
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 June 30, 2026
Balance at April 1, 2026($159)($1,684)($245)($2,088)
Other comprehensive income (loss) before reclassifications(180)(71)— (251)
Amounts reclassified from AOCI to earnings
53 24 1 78 
Total other comprehensive income (loss)
(127)(47)1 (173)
Balance at June 30, 2026($286)($1,731)($244)($2,261)
Three Months Ended June 30, 2025
Balance at April 1, 2025($569)($2,074)($298)($2,941)
Other comprehensive income (loss) before reclassifications83 56 — 139 
Amounts reclassified from AOCI to earnings
145 17 1 163 
Total other comprehensive income (loss)
228 73 1 302 
Balance at June 30, 2025($341)($2,001)($297)($2,639)
Six Months Ended June 30, 2026
Balance at January 1, 2026($118)($1,603)($249)($1,970)
Other comprehensive income (loss) before reclassifications(304)(171)— (475)
Amounts reclassified from AOCI to earnings
136 43 5 184 
Total other comprehensive income (loss)
(168)(128)5 (291)
Balance at June 30, 2026($286)($1,731)($244)($2,261)
Six Months Ended June 30, 2025
Balance at January 1, 2025($925)($2,369)($301)($3,595)
Other comprehensive income (loss) before reclassifications291 338 — 629 
Amounts reclassified from AOCI to earnings
293 30 4 327 
Total other comprehensive income (loss)
584 368 4 956 
Balance at June 30, 2025($341)($2,001)($297)($2,639)
Primary location in the Consolidated Statements of Operations of amounts reclassified from AOCINet interest income
Securities gains, net and Net interest income
Other operating expense