| Accumulated Other Comprehensive Income |
15. Accumulated Other Comprehensive Income
Our changes in AOCI for the three and six months ended June 30, 2026, and June 30, 2025, are as follows: | | | | | | | | | | | | | | | | | Dollars in millions | Unrealized gains (losses) on securities available for sale | Unrealized gains (losses) on derivative financial instruments | | Net pension and postretirement benefit costs | Total | | Balance at March 31, 2026 | $ | (1,888) | | $ | (98) | | | $ | (235) | | $ | (2,221) | | | Other comprehensive income (loss) before reclassification, net of income taxes | (51) | | (103) | | | (1) | | (155) | | Amounts reclassified from AOCI, net of income taxes (a) | — | | 20 | | | 2 | | 22 | | | | | | | | | Net current-period other comprehensive income (loss), net of income taxes | (51) | | (83) | | | 1 | | (133) | | | Balance at June 30, 2026 | $ | (1,939) | | $ | (181) | | | $ | (234) | | $ | (2,354) | | | | | | | | | Balance at March 31, 2025 | $ | (2,310) | | $ | (241) | | | $ | (236) | | $ | (2,787) | | | Other comprehensive income (loss) before reclassification, net of income taxes | 152 | | 64 | | | (1) | | 215 | | Amounts reclassified from AOCI, net of income taxes (a) | — | | 69 | | | 2 | | 71 | | | | | | | | | Net current-period other comprehensive income (loss), net of income taxes | 152 | | 133 | | | 1 | | 286 | | | Balance at June 30, 2025 | $ | (2,158) | | $ | (108) | | | $ | (235) | | $ | (2,501) | | | | | | | | | Balance at December 31, 2025 | $ | (1,716) | | $ | (7) | | | $ | (237) | | $ | (1,960) | | | Other comprehensive income (loss) before reclassification, net of income taxes | (223) | | (223) | | | — | | (446) | | Amounts reclassified from AOCI, net of income taxes (a) | — | | 49 | | | 3 | | 52 | | | | | | | | | Net current-period other comprehensive income (loss), net of income taxes | (223) | | (174) | | | 3 | | (394) | | | Balance at June 30, 2026 | $ | (1,939) | | $ | (181) | | | $ | (234) | | $ | (2,354) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | Balance at December 31, 2024 | $ | (2,734) | | $ | (434) | | | $ | (302) | | $ | (3,470) | | | Other comprehensive income (loss) before reclassification, net of income taxes | 576 | | 186 | | | 66 | | 828 | | Amounts reclassified from AOCI, net of income taxes (a) | — | | 140 | | | 1 | | 141 | | | | | | | | | Net current-period other comprehensive income (loss), net of income taxes | 576 | | 326 | | | 67 | | 969 | | | Balance at June 30, 2025 | $ | (2,158) | | $ | (108) | | | $ | (235) | | $ | (2,501) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a)See table below for details about these reclassifications. Our reclassifications out of AOCI for the three and six months ended June 30, 2026, and June 30, 2025, are as follows: | | | | | | | | | | | | | Three months ended June 30, | Affected Line Item in the Consolidated Statement of Income | | Dollars in millions | 2026 | 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized gains (losses) on derivative financial instruments | | | | | Interest rate | $ | (28) | | $ | (90) | | Interest income — Loans | | Interest rate | — | | (1) | | Interest expense — Long-term debt | | Interest rate | 1 | | — | | Investment banking and debt placement fees | | | | | | (27) | | (91) | | Income (loss) from continuing operations before income taxes | | (7) | | (22) | | Income taxes | | $ | (20) | | $ | (69) | | Income (loss) from continuing operations | | Net pension and postretirement benefit costs | | | | | Amortization of losses | $ | (3) | | $ | (2) | | Other expense | | | | | | Amortization of unrecognized prior service credit | 1 | | — | | Other expense | | (2) | | (2) | | Income (loss) from continuing operations before income taxes | | — | | — | | Income taxes | | $ | (2) | | $ | (2) | | Income (loss) from continuing operations | | | | |
| | | | | | | | | | | | | Six months ended June 30, | Affected Line Item in the Consolidated Statement of Income | | Dollars in millions | 2026 | 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized gains (losses) on derivative financial instruments | | | | | Interest rate | $ | (64) | | $ | (183) | | Interest income — Loans | | Interest rate | (1) | | (2) | | Interest expense — Long-term debt | | Interest rate | 1 | | — | | Investment banking and debt placement fees | | (64) | | (185) | | Income (loss) from continuing operations before income taxes | | (15) | | (45) | | Income taxes | | $ | (49) | | $ | (140) | | Income (loss) from continuing operations | | Net pension and postretirement benefit costs | | | | | Amortization of losses | $ | (5) | | $ | (3) | | Other expense | | | | | | Amortization of unrecognized prior service credit | 1 | | 1 | | Other expense | | (4) | | (2) | | Income (loss) from continuing operations before income taxes | | (1) | | (1) | | Income taxes | | $ | (3) | | $ | (1) | | Income (loss) from continuing operations | | | | |
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