v3.26.1
LONG-TERM DEBT AND SHAREHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 2026
Debt And Equity [Abstract]  
Schedule of Long-term Debt
The following schedule presents the components of our long-term debt:
LONG-TERM DEBT
(In millions)June 30,
2026		December 31, 2025
Subordinated notes 1
$965 $969 
Senior notes988 499 
Finance lease obligations3 4 
Total$1,956 $1,472 
1 The change in the subordinated notes balance is primarily due to fair value hedge basis adjustments. See also Note 4.
Schedule of Changes in Accumulated Other Comprehensive Income
The following schedule presents the changes in AOCI:
(In millions)Net unrealized gains (losses) on investment securitiesNet unrealized gains (losses) on derivatives and otherPension and post-retirementTotal
Six Months Ended June 30, 2026
Balance at December 31, 2025$(1,917)$(23)$(1)$(1,941)
Other comprehensive income (loss) before reclassifications, net of tax
20 (46)— (26)
Amounts reclassified from AOCI, net of tax83 17 — 100 
Other comprehensive income (loss)103 (29)— 74 
Balance at June 30, 2026$(1,814)$(52)$(1)$(1,867)
Income tax expense (benefit) included in other comprehensive income
$31 $(9)$— $22 
Six Months Ended June 30, 2025
Balance at December 31, 2024$(2,301)$(78)$(1)$(2,380)
Other comprehensive income before reclassifications, net of tax
92 6 — 98 
Amounts reclassified from AOCI, net of tax90 28 — 118 
Other comprehensive income 182 34 — 216 
Balance at June 30, 2025$(2,119)$(44)$(1)$(2,164)
Income tax expense included in other comprehensive income
$59 $11 $— $70 
Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from AOCI
(In millions)Three Months Ended
June 30,		Six Months Ended
June 30,
AOCI components2026202520262025Affected line item on statement of income
Net unrealized gains (losses) on investment securities
$(57)$(62)$(110)$(120)Securities gains (losses), net
Less: Income tax expense (benefit)(14)(15)(27)(30)
Total$(43)$(47)$(83)$(90)
Net unrealized gains (losses) on derivative instruments and other
$(11)$(18)$(22)$(37)Interest and fees on loans; Interest on short- and long-term borrowings
Less: Income tax expense (benefit)(3)(5)(5)(9)
Total$(8)$(13)$(17)$(28)