| Activity of the Components of Other Comprehensive Income and Accumulated Other Comprehensive Income |
The tables below present the activity of the components of OCI and AOCI for the three months ended: | | | | | | | | | | | | | | | | | | | | | | Total OCI | Total AOCI | | June 30, 2026 ($ in millions) | Pre-tax
Activity | Tax
Effect | Net
Activity | Beginning
Balance | Net
Activity | Ending
Balance | | Unrealized holding losses on available-for-sale debt securities arising during period | $ | (97) | | 22 | | (75) | | | | | | Reclassification adjustment for net losses on available-for-sale debt securities included in net income | 17 | | (4) | | 13 | | | | | | Net unrealized losses on available-for-sale debt securities | (80) | | 18 | | (62) | | (2,331) | | (62) | | (2,393) | | | | | | | | | | Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income | 30 | | (6) | | 24 | | | | | | Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | 30 | | (6) | | 24 | | (565) | | 24 | | (541) | | | | | | | | | | Unrealized holding losses on cash flow hedge derivatives arising during period | (118) | | 28 | | (90) | | | | | | Reclassification adjustment for net losses on cash flow hedge derivatives included in net income | 21 | | (5) | | 16 | | | | | | Net unrealized losses on cash flow hedge derivatives | (97) | | 23 | | (74) | | (321) | | (74) | | (395) | | | | | | | | | | Net actuarial gain arising during period | 83 | | (19) | | 64 | | | | | | Reclassification of amounts to net periodic benefit costs | (5) | | 1 | | (4) | | | | | | Defined benefit pension plans, net | 78 | | (18) | | 60 | | (15) | | 60 | | 45 | | | | | | | | | | Other | — | | — | | — | | (2) | | — | | (2) | | | Total | $ | (69) | | 17 | | (52) | | (3,234) | | (52) | | (3,286) | |
| | | | | | | | | | | | | | | | | | | | | | Total OCI | Total AOCI | | June 30, 2025 ($ in millions) | Pre-tax
Activity | Tax
Effect | Net
Activity | Beginning
Balance | Net
Activity | Ending
Balance | | Unrealized holding gains on available-for-sale debt securities arising during period | $ | 237 | | (58) | | 179 | | | | | | | | | | | | | Reclassification adjustment for net losses on available-for-sale debt securities included in net income | — | | — | | — | | | | | | Net unrealized losses on available-for-sale debt securities | 237 | | (58) | | 179 | | (2,799) | | 179 | | (2,620) | | | | | | | | | | | | | | | | | Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income | 28 | | (6) | | 22 | | | | | | Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | 28 | | (6) | | 22 | | (659) | | 22 | | (637) | | | | | | | | | | Unrealized holding gains on cash flow hedge derivatives arising during period | 144 | | (34) | | 110 | | | | | | Reclassification adjustment for net losses on cash flow hedge derivatives included in net income | 50 | | (12) | | 38 | | | | | | Net unrealized losses on cash flow hedge derivatives | 194 | | (46) | | 148 | | (419) | | 148 | | (271) | | | | | | | | | | | | | | | | | | | | | | | | Defined benefit pension plans, net | — | | — | | — | | (16) | | — | | (16) | | | | | | | | | | Other | — | | — | | — | | (2) | | — | | (2) | | | Total | $ | 459 | | (110) | | 349 | | (3,895) | | 349 | | (3,546) | |
The tables below present the activity of the components of OCI and AOCI for the six months ended: | | | | | | | | | | | | | | | | | | | | | | Total OCI | Total AOCI | | June 30, 2026 ($ in millions) | Pre-tax
Activity | Tax Effect | Net Activity | Beginning Balance | Net Activity | Ending Balance | | Unrealized holding losses on available-for-sale debt securities arising during period | $ | (227) | | 51 | | (176) | | | | | | Reclassification adjustment for net losses on available-for-sale debt securities included in net income | 18 | | (4) | | 14 | | | | | | Net unrealized losses on available-for-sale debt securities | (209) | | 47 | | (162) | | (2,231) | | (162) | | (2,393) | | | | | | | | | | Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income | 57 | | (11) | | 46 | | | | | | Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | 57 | | (11) | | 46 | | (587) | | 46 | | (541) | | | | | | | | | | Unrealized holding losses on cash flow hedge derivatives arising during period | (199) | | 47 | | (152) | | | | | | Reclassification adjustment for net losses on cash flow hedge derivatives included in net income | 42 | | (10) | | 32 | | | | | | Net unrealized losses on cash flow hedge derivatives | (157) | | 37 | | (120) | | (275) | | (120) | | (395) | | | | | | | | | | Net actuarial gain arising during period | 83 | | (19) | | 64 | | | | | | Reclassification of amounts to net periodic benefit costs | (5) | | 1 | | (4) | | | | | | Defined benefit pension plans, net | 78 | | (18) | | 60 | | (15) | | 60 | | 45 | | | | | | | | | | Other | — | | — | | — | | (2) | | — | | (2) | | | Total | $ | (231) | | 55 | | (176) | | (3,110) | | (176) | | (3,286) | |
| | | | | | | | | | | | | | | | | | | | | | Total OCI | Total AOCI | | June 30, 2025 ($ in millions) | Pre-tax
Activity | Tax Effect | Net Activity | Beginning Balance | Net Activity | Ending Balance | | Unrealized holding gains on available-for-sale debt securities arising during period | $ | 870 | | (210) | | 660 | | | | | | Reclassification adjustment for net gains on available-for-sale debt securities included in net income | — | | — | | — | | | | | | Net unrealized losses on available-for-sale debt securities | 870 | | (210) | | 660 | | (3,280) | | 660 | | (2,620) | | | | | | | | | | Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income | 60 | | (13) | | 47 | | | | | | Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | 60 | | (13) | | 47 | | (684) | | 47 | | (637) | | | | | | | | | | Unrealized holding gains on cash flow hedge derivatives arising during period | 399 | | (96) | | 303 | | | | | | Reclassification adjustment for net losses on cash flow hedge derivatives included in net income | 105 | | (25) | | 80 | | | | | | Net unrealized losses on cash flow hedge derivatives | 504 | | (121) | | 383 | | (654) | | 383 | | (271) | | | | | | | | | | | | | | | | | | | | | | | | Defined benefit pension plans, net | — | | — | | — | | (16) | | — | | (16) | | | | | | | | | | Other | — | | — | | — | | (2) | | — | | (2) | | | Total | $ | 1,434 | | (344) | | 1,090 | | (4,636) | | 1,090 | | (3,546) | |
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| Reclassification Out of Accumulated Other Comprehensive Income to Net Income |
The table below presents reclassifications out of AOCI: | | | | | | | | | | | | | | | | | | | Condensed Consolidated Statements of Income Caption | For the three months ended
June 30, | For the six months ended
June 30, | | ($ in millions) | 2026 | 2025 | 2026 | 2025 | Net unrealized losses on available-for-sale debt securities:(a) | | | | | | | Net losses included in net income | Securities gains, net | $ | (17) | | — | | (18) | | — | | | Income before income taxes | (17) | | — | | (18) | | — | | | Applicable income tax expense | 4 | | — | | 4 | | — | | | Net income | (13) | | — | | (14) | | — | | Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities:(a) | | | | | | | Net losses included in net income | Interest on securities | (30) | | (28) | | (57) | | (60) | | | Income before income taxes | (30) | | (28) | | (57) | | (60) | | | Applicable income tax expense | 6 | | 6 | | 11 | | 13 | | | Net income | (24) | | (22) | | (46) | | (47) | | Net unrealized losses on cash flow hedge derivatives:(a) | | | | | | | Interest rate contracts related to C&I, commercial mortgage and commercial construction loans | Interest and fees on loans and leases | (21) | | (50) | | (42) | | (105) | | | Income before income taxes | (21) | | (50) | | (42) | | (105) | | | Applicable income tax expense | 5 | | 12 | | 10 | | 25 | | | Net income | (16) | | (38) | | (32) | | (80) | | Net periodic benefit costs:(a) | | | | | | | Amortization of net actuarial loss | Other noninterest expense(b) | (1) | | — | | (1) | | — | | | Curtailment gain | Other noninterest expense(b) | 6 | | — | | 6 | | — | | | | | | | | | Income before income taxes | 5 | | — | | 5 | | — | | | Applicable income tax expense | (1) | | — | | (1) | | — | | | Net income | 4 | | — | | 4 | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total reclassifications for the period | Net income | $ | (49) | | (60) | | (88) | | (127) | |
(a)Amounts in parentheses indicate reductions to net income. (b)This AOCI component is included in the computation of net periodic pension benefit. Refer to Note 18 for further information.
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