Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME - Activity/Roll Forward (Details)

v3.24.2
OTHER COMPREHENSIVE INCOME - Activity/Roll Forward (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Pretax        
Other comprehensive income (loss), pretax     $ (305) $ 104
Tax (Expense) Benefit        
Total other comprehensive income (loss), tax (expense) benefit     70 (12)
After-tax        
Other comprehensive income (loss), net of tax $ (32) $ (251) (235) 92
Unrealized gains and (losses) on debt securities        
Pretax        
Unrealized losses on available-for-sale securities arising during the period, net of hedges (93) (143) (263) 54
Reclassification from AOCI, before tax 2 35 5 38
Tax (Expense) Benefit        
OCI before reclassification, tax 21 33 61 (12)
Reclassification adjustment for realized net losses included in net income 0 (8) (1) (9)
After-tax        
Unrealized gains (losses) on available-for-sale securities arising during the period, net of hedges (72) (110) (202) 42
Reclassification adjustment for realized net losses included in net income 2 27 4 29
Net change related to cash flow hedges on loans        
Pretax        
Unrealized losses on available-for-sale securities arising during the period, net of hedges (20) (266)   (35)
Reclassification from AOCI, before tax 68 34 135 46
Tax (Expense) Benefit        
OCI before reclassification, tax 5 65   12
Reclassification adjustment for realized net losses included in net income (16) (2) (32) (3)
After-tax        
Unrealized gains (losses) on available-for-sale securities arising during the period, net of hedges (15) (201)   (23)
Reclassification adjustment for realized net losses included in net income 52 32 103 43
Net change related to cash flow hedges on loans | Cash Flow Hedges        
Pretax        
Other comprehensive income (loss), pretax 48 (232) (46) 11
Tax (Expense) Benefit        
Total other comprehensive income (loss), tax (expense) benefit (11) 63 10 9
After-tax        
Other comprehensive income (loss), net of tax 37 (169) (36) 20
Accumulated foreign currency adjustment        
Pretax        
Unrealized losses on available-for-sale securities arising during the period, net of hedges   1 (2) 1
Tax (Expense) Benefit        
OCI before reclassification, tax   0 0 0
After-tax        
Unrealized gains (losses) on available-for-sale securities arising during the period, net of hedges   1 (2) 1
Unrealized gains (losses) for pension and other post-retirement obligations        
Pretax        
Unrealized losses on available-for-sale securities arising during the period, net of hedges 1      
Other comprehensive income (loss), pretax     1  
Tax (Expense) Benefit        
OCI before reclassification, tax 0      
Total other comprehensive income (loss), tax (expense) benefit     0  
After-tax        
Unrealized gains (losses) on available-for-sale securities arising during the period, net of hedges 1      
Other comprehensive income (loss), net of tax     1  
AOCI        
Pretax        
Other comprehensive income (loss), pretax (42) (339)    
Tax (Expense) Benefit        
Total other comprehensive income (loss), tax (expense) benefit 10 88    
After-tax        
Other comprehensive income (loss), net of tax (32) (251) (235) 92
Net unrealized gains (losses) on net investment hedges        
Pretax        
Unrealized losses on available-for-sale securities arising during the period, net of hedges     (181)  
Tax (Expense) Benefit        
OCI before reclassification, tax     42  
After-tax        
Unrealized gains (losses) on available-for-sale securities arising during the period, net of hedges     (139)  
Debt securities | Unrealized gains and (losses) on debt securities        
Pretax        
Other comprehensive income (loss), pretax (91) (108) (258) 92
Tax (Expense) Benefit        
Total other comprehensive income (loss), tax (expense) benefit 21 25 60 (21)
After-tax        
Other comprehensive income (loss), net of tax $ (70) $ (83) $ (198) $ 71