|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (dollar amounts in millions) |
Pretax |
|
Tax (expense) benefit |
|
After-tax |
| Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
| Unrealized losses 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 (losses) on available-for-sale securities, net of hedges |
201 |
|
|
(47) |
|
|
154 |
|
|
|
|
|
|
|
| Unrealized gains (losses) 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 gains for pension and other post-retirement obligations |
(4) |
|
|
1 |
|
|
(3) |
|
| Other comprehensive income (loss) |
$ |
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 gains (losses) on available-for-sale securities, net of hedges |
(2,834) |
|
|
650 |
|
|
(2,184) |
|
|
|
|
|
|
|
| Unrealized gains (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 gains for pension and other post-retirement obligations |
19 |
|
|
(4) |
|
|
15 |
|
| Other comprehensive income (loss) |
$ |
(3,716) |
|
|
$ |
847 |
|
|
$ |
(2,869) |
|
| Year Ended December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
| Unrealized losses on available-for-sale securities arising during the period, net of hedges |
$ |
(361) |
|
|
$ |
81 |
|
|
$ |
(280) |
|
| Reclassification adjustment for realized net losses included in net income |
34 |
|
|
(8) |
|
|
26 |
|
| Total unrealized gains (losses) on available-for-sale securities, net of hedges |
(327) |
|
|
73 |
|
|
(254) |
|
|
|
|
|
|
|
| Unrealized gains (losses) on cash flow hedges during the period |
(257) |
|
|
65 |
|
|
(192) |
|
| Reclassification adjustment for cash flow hedges included in net income |
— |
|
|
— |
|
|
— |
|
| Net change related to cash flow hedges on loans |
(257) |
|
|
65 |
|
|
(192) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Translation adjustments, net of hedges (1) |
(3) |
|
|
— |
|
|
(3) |
|
| Change in accumulated unrealized gains for pension and other post-retirement obligations |
36 |
|
|
(8) |
|
|
28 |
|
| Other comprehensive income (loss) |
$ |
(551) |
|
|
$ |
130 |
|
|
$ |
(421) |
|