v3.26.1
Comprehensive income (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Components of Other Comprehensive Income (Loss) and Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Net Income
The following table displays the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income during the three-month periods ended June 30, 2026 and 2025.
(Dollars in millions)Investment
Securities 		Cash Flow HedgesDefined Benefit PlansOtherTotal
Amount
Before Tax 		Income
Tax 		Net
Balance — April 1, 2026$9 $9 $80 $(8)$90 $(24)$66 
Other comprehensive income (loss) before
   reclassifications:
Unrealized holding losses, net(134)— — — (134)35 (99)
Unrealized losses, net— (69)— — (69)16 (53)
Total other comprehensive income (loss) before reclassifications(134)(69)— — (203)51 (152)
Amounts reclassified from accumulated other comprehensive income (loss) that (increase) decrease net income:
Net yield adjustment from cash flow hedges currently in effect— (8)— — (8)(a)3 (5)
Amortization of prior service credit and
   actuarial gains
— — (2)— (2)(b)1 (1)
Total other comprehensive income (loss)(134)(77)(2)— (213)55 (158)
Balance — June 30, 2026$(125)$(68)$78 $(8)$(123)$31 $(92)
Balance — April 1, 2025$(8)$9 $129 $(9)$121 $(31)$90 
Other comprehensive income (loss) before
   reclassifications:
Unrealized holding gains, net90 — — — 90 (23)67 
Unrealized gains, net— 43 — — 43 (11)32 
Other— — — 4 4 (1)3 
Total other comprehensive income (loss) before reclassifications90 43 — 4 137 (35)102 
Amounts reclassified from accumulated other comprehensive income (loss) that (increase) decrease net income:
Net yield adjustment from cash flow hedges currently in effect— 33 — — 33 (a)(9)24 
Amortization of prior service credit and
   actuarial gains
— — (2)— (2)(b)1 (1)
Total other comprehensive income (loss)90 76 (2)4 168 (43)125 
Balance — June 30, 2025$82 $85 $127 $(5)$289 $(74)$215 
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(a)Included in Interest income in the Consolidated Statement of Income.
(b)Included in Other costs of operations in the Consolidated Statement of Income.
The following table displays the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income during the six months ended June 30, 2026 and 2025.
(Dollars in millions)Investment
Securities 		Cash Flow HedgesDefined Benefit PlansOtherTotal
Amount
Before Tax 		Income
Tax 		Net
Balance — January 1, 2026$208 $90 $81 $(7)$372 $(95)$277 
Other comprehensive income (loss) before reclassifications:
Unrealized holding losses, net(329)— — — (329)84 (245)
Unrealized losses, net— (145)— — (145)36 (109)
Other— — — (1)(1)— (1)
Total other comprehensive income (loss) before reclassifications(329)(145)— (1)(475)120 (355)
Amounts reclassified from accumulated other comprehensive income (loss) that (increase) decrease net income:
Net gains realized in net income(4)— — — (4)(a)1 (3)
Net yield adjustment from cash flow hedges currently in effect— (13)— — (13)(b)4 (9)
Amortization of prior service credit and
   actuarial gains
— — (3)— (3)(c)1 (2)
Total other comprehensive income (loss)(333)(158)(3)(1)(495)126 (369)
Balance — June 30, 2026$(125)$(68)$78 $(8)$(123)$31 $(92)
Balance — January 1, 2025$(205)$(135)$131 $(10)$(219)$55 $(164)
Other comprehensive income (loss) before reclassifications:
Unrealized holding gains, net287 — — — 287 (73)214 
Unrealized gains, net— 134 — — 134 (34)100 
Other— — — 5 5 (1)4 
Total other comprehensive income (loss) before reclassifications287 134 — 5 426 (108)318 
Amounts reclassified from accumulated other comprehensive income (loss) that (increase) decrease net income:
Net yield adjustment from cash flow hedges currently in effect— 86 — — 86 (b)(22)64 
Amortization of prior service credit and
   actuarial gains
— — (4)— (4)(c)1 (3)
Total other comprehensive income (loss)287 220 (4)5 508 (129)379 
Balance — June 30, 2025$82 $85 $127 $(5)$289 $(74)$215 
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(a)Included in Gain (loss) on bank investment securities in the Consolidated Statement of Income.
(b)Included in Interest income in the Consolidated Statement of Income.
(c)Included in Other costs of operations in the Consolidated Statement of Income.
Accumulated Other Comprehensive Income (Loss), Net
Accumulated other comprehensive income (loss), net during the three-month periods ended June 30, 2026 and 2025 consisted of the following.
(Dollars in millions)
Investment Securities
Cash Flow HedgesDefined Benefit PlansOther
Total
Balance — April 1, 2026$6 $7 $60 $(7)$66 
Net gain (loss) during period(99)(58)(1)— (158)
Balance — June 30, 2026$(93)$(51)$59 $(7)$(92)
Balance — April 1, 2025$(6)$7 $96 $(7)$90 
Net gain (loss) during period67 56 (1)3 125 
Balance — June 30, 2025$61 $63 $95 $(4)$215 
Accumulated other comprehensive income (loss), net during the six months ended June 30, 2026 and 2025 consisted of the following.
(Dollars in millions)Investment Securities Cash Flow HedgesDefined Benefit PlansOtherTotal
Balance — January 1, 2026$155 $67 $61 $(6)$277 
Net gain (loss) during period(248)(118)(2)(1)(369)
Balance — June 30, 2026$(93)$(51)$59 $(7)$(92)
Balance — January 1, 2025$(153)$(101)$98 $(8)$(164)
Net gain (loss) during period214 164 (3)4 379 
Balance — June 30, 2025$61 $63 $95 $(4)$215