Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v3.23.3
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Schedule of Accumulated OCI
The table below presents the changes in accumulated OCI after-tax for the nine months ended September 30, 2023 and 2022.
(Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives
Employee
Benefit Plans
Foreign
Currency
 Total
Balance, December 31, 2021 $ 3,045  $ (1,636) $ (1,880) $ (3,642) $ (991) $ (5,104)
Net change (6,381) 1,298  (10,890) 97  (47) (15,923)
Balance, September 30, 2022 $ (3,336) $ (338) $ (12,770) $ (3,545) $ (1,038) $ (21,027)
Balance, December 31, 2022 $ (2,983) $ (881) $ (11,935) $ (4,309) $ (1,048) $ (21,156)
Net change 81  (419) (317) 25  (6) (636)
Balance, September 30, 2023 $ (2,902) $ (1,300) $ (12,252) $ (4,284) $ (1,054) $ (21,792)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The table below presents the net change in fair value recorded in accumulated OCI, net realized gains and losses reclassified into earnings and other changes for each component of OCI pre- and after-tax for the nine months ended September 30, 2023 and 2022.
Pretax Tax
effect		 After-
tax		 Pretax Tax
effect		 After-
tax
Nine Months Ended September 30
(Dollars in millions) 2023 2022
Debt securities:
Net increase (decrease) in fair value $ (306) $ 84  $ (222) $ (8,417) $ 2,064  $ (6,353)
Net realized (gains) losses reclassified into earnings (1)
404  (101) 303  (37) 9  (28)
Net change 98  (17) 81  (8,454) 2,073  (6,381)
Debit valuation adjustments:
Net increase (decrease) in fair value (560) 136  (424) 1,698  (411) 1,287 
Net realized (gains) losses reclassified into earnings (1)
7  (2) 5  14  (3) 11 
Net change (553) 134  (419) 1,712  (414) 1,298 
Derivatives:
Net increase (decrease) in fair value (1,027) 261  (766) (14,681) 3,673  (11,008)
Reclassifications into earnings:
Net interest income 616  (153) 463  182  (46) 136 
Compensation and benefits expense (18) 4  (14) (24) 6  (18)
Net realized (gains) losses reclassified into earnings 598  (149) 449  158  (40) 118 
Net change (429) 112  (317) (14,523) 3,633  (10,890)
Employee benefit plans:
Net actuarial losses and other reclassified into earnings (2)
36  (11) 25  135  (38) 97 
Net change 36  (11) 25  135  (38) 97 
Foreign currency:
Net increase (decrease) in fair value 80  (75) 5  726  (774) (48)
Net realized (gains) losses reclassified into earnings (1)
(44) 33  (11) —  1  1 
Net change 36  (42) (6) 726  (773) (47)
Total other comprehensive income (loss) $ (812) $ 176  $ (636) $ (20,404) $ 4,481  $ (15,923)
(1)    Reclassifications of pretax debt securities, DVA and foreign currency (gains) losses are recorded in other income in the Consolidated Statement of Income.
(2)    Reclassifications of pretax employee benefit plan costs are recorded in other general operating expense in the Consolidated Statement of Income.