|
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|
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|
|
|
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| (dollar amounts in millions) |
Pretax |
|
Tax (expense) benefit |
|
After-tax |
| Year Ended December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
| Unrealized losses on available-for-sale securities arising during the period, net of hedges |
$ |
(454) |
|
|
$ |
107 |
|
|
$ |
(347) |
|
| Reclassification adjustment for realized net losses included in net income |
94 |
|
|
(18) |
|
|
76 |
|
| Total unrealized losses on available-for-sale securities, net of hedges |
(360) |
|
|
89 |
|
|
(271) |
|
|
|
|
|
|
|
| Unrealized losses on cash flow hedges during the period |
(111) |
|
|
26 |
|
|
(85) |
|
| Reclassification adjustment for cash flow hedges included in net income |
236 |
|
|
(55) |
|
|
181 |
|
| Net change related to cash flow hedges on loans |
125 |
|
|
(29) |
|
|
96 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Translation adjustments, net of hedges (1) |
(6) |
|
|
— |
|
|
(6) |
|
| Change in accumulated unrealized losses for pension and other post-retirement obligations |
(12) |
|
|
3 |
|
|
(9) |
|
| Other comprehensive loss |
$ |
(253) |
|
|
$ |
63 |
|
|
$ |
(190) |
|
| Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
| Unrealized gains on available-for-sale securities arising during the period, net of hedges |
$ |
154 |
|
|
$ |
(36) |
|
|
$ |
118 |
|
| Reclassification adjustment for realized net losses included in net income |
47 |
|
|
(11) |
|
|
36 |
|
| Total unrealized gains on available-for-sale securities, net of hedges |
201 |
|
|
(47) |
|
|
154 |
|
|
|
|
|
|
|
| Unrealized gains on cash flow hedges during the period |
162 |
|
|
(37) |
|
|
125 |
|
| Reclassification adjustment for cash flow hedges included in net income |
187 |
|
|
(43) |
|
|
144 |
|
| Net change related to cash flow hedges on loans |
349 |
|
|
(80) |
|
|
269 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Translation adjustments, net of hedges (1) |
2 |
|
|
— |
|
|
2 |
|
| Change in accumulated unrealized losses for pension and other post-retirement obligations |
(4) |
|
|
1 |
|
|
(3) |
|
| Other comprehensive income |
$ |
548 |
|
|
$ |
(126) |
|
|
$ |
422 |
|
| Year Ended December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
| Unrealized losses on available-for-sale securities arising during the period, net of hedges |
$ |
(2,934) |
|
|
$ |
673 |
|
|
$ |
(2,261) |
|
| Reclassification adjustment for realized net losses included in net income |
100 |
|
|
(23) |
|
|
77 |
|
| Total unrealized losses on available-for-sale securities, net of hedges |
(2,834) |
|
|
650 |
|
|
(2,184) |
|
|
|
|
|
|
|
| Unrealized losses on cash flow hedges during the period |
(896) |
|
|
201 |
|
|
(695) |
|
| Reclassification adjustment for cash flow hedges included in net income |
— |
|
|
— |
|
|
— |
|
| Net change related to cash flow hedges on loans |
(896) |
|
|
201 |
|
|
(695) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Translation adjustments, net of hedges (1) |
(5) |
|
|
— |
|
|
(5) |
|
| Change in accumulated unrealized losses for pension and other post-retirement obligations |
19 |
|
|
(4) |
|
|
15 |
|
| Other comprehensive loss |
$ |
(3,716) |
|
|
$ |
847 |
|
|
$ |
(2,869) |
|