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Changes in Accumulated Other Comprehensive (Loss) Income | 12 Months Ended
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Dec. 31, 2016
Disclosure Text Block Abstract |
Changes in Accumulated Other Comprehensive (Loss) Income | NOTE 18 Changes in Accumulated Other Comprehensive Income AOCI is a balance sheet item in the Shareholders’ Equity section of the Company’s Consolidated Balance Sheets. It is comprised of items that have not been recognized in earnings but may be recognized in earnings in the future when certain events occur. Changes in each component for the three years ended December 31 were as follows:
(Millions), net of tax(a) |  | Net Unrealized Gains (Losses) on Investment Securities |  | Foreign Currency Translation Adjustments |  | Net Unrealized Pension and Other Postretirement Benefit Gains (Losses) |  | Accumulated Other Comprehensive (Loss) Income
Balances as of December 31, 2013 |  | $ | 63 |  | $ | (1,090) |  | $ | (399) |  | $ | (1,426)
Net unrealized gains |  |  | 104 |  |  | ― |  |  | ― |  |  | 104
Decrease due to amounts reclassified into earnings |  |  | (71) |  |  | 5 |  |  | ― |  |  | (66)
Net translation loss of investments in foreign operations |  |  | ― |  |  | (869) |  |  | ― |  |  | (869)
Net gains related to hedges of investments in foreign operations |  |  | ― |  |  | 455 |  |  | ― |  |  | 455
Pension and other postretirement benefit losses |  |  | ― |  |  | ― |  |  | (117) |  |  | (117)
Net change in accumulated other comprehensive income (loss) |  |  | 33 |  |  | (409) |  |  | (117) |  |  | (493)
Balances as of December 31, 2014 |  |  | 96 |  |  | (1,499) |  |  | (516) |  |  | (1,919)
Net unrealized losses |  |  | (37) |  |  | ― |  |  | ― |  |  | (37)
Decrease due to amounts reclassified into earnings |  |  | (1) |  |  | (1) |  |  | ― |  |  | (2)
Net translation loss of investments in foreign operations |  |  | ― |  |  | (1,122) |  |  | ― |  |  | (1,122)
Net gains related to hedges of investments in foreign operations |  |  | ― |  |  | 578 |  |  | ― |  |  | 578
Pension and other postretirement benefit losses |  |  | ― |  |  | ― |  |  | (32) |  |  | (32)
Net change in accumulated other comprehensive loss |  |  | (38) |  |  | (545) |  |  | (32) |  |  | (615)
Balances as of December 31, 2015 |  |  | 58 |  |  | (2,044) |  |  | (548) |  |  | (2,534)
Net unrealized losses |  |  | (45) |  |  | ― |  |  | ― |  |  | (45)
Decrease due to amounts reclassified into earnings |  |  | (6) |  |  | 4 |  |  | ― |  |  | (2)
Net translation loss of investments in foreign operations |  |  | ― |  |  | (503) |  |  | ― |  |  | (503)
Net gains related to hedges of investment in foreign operations |  |  | ― |  |  | 281 |  |  | ― |  |  | 281
Pension and other postretirement benefit gains |  |  | ― |  |  | ― |  |  | 19 |  |  | 19
Net change in accumulated other comprehensive (loss) income |  |  | (51) |  |  | (218) |  |  | 19 |  |  | (250)
Balances as of December 31, 2016 |  | $ | 7 |  | $ | (2,262) |  | $ | (529) |  | $ | (2,784)
The following table shows the tax impact for the three years ended December 31 for the changes in each component of A O C I:
|  |  |  | Tax expense (benefit)
| (Millions) |  | 2016 |  | 2015 |  | 2014
| Investment securities |  | $ | (27) |  | $ | (20) |  | $ | 19
| Foreign currency translation adjustments |  |  | (15) |  |  | (124) |  |  | (64)
| Net investment hedges |  |  | 139 |  |  | 340 |  |  | 273
| Pension and other postretirement benefit losses |  |  | 37 |  |  | ― |  |  | (46)
| Total tax impact |  | $ | 134 |  | $ | 196 |  | $ | 182
The following table presents the effects of reclassifications out of AOCI and into the Consolidated Statements of Income for the years ended December 31:
|  |  |  |  |  | Gains (losses) recognized in earnings
Description (Millions) |  | Income Statement Line Item |  |  | 2016 |  |  | 2015
Available-for-sale securities |  |  |  |  |  |  |  |
| Reclassifications for previously unrealized net gains on |  | Other non-interest revenues |  | $ | 9 |  | $ | 1
|  | investment securities |  |  |  |  |  |  |  |
| Related income tax expense |  | Income tax provision |  |  | (3) |  |  | ―
| Reclassification to net income related to available-for-sale securities |  |  |  |  | 6 |  |  | 1
Foreign currency translation adjustments |  |  |  |  |  |  |  |
| Reclassification of realized losses on translation adjustments and related net |  | Other expenses |  |  | (4) |  |  | 1
|  | investment hedges |  |  |  |  |  |  |  |
| Related income tax expense |  | Income tax provision |  |  | ― |  |  | ―
| Reclassification to net income related to foreign currency translation adjustments |  |  |  |  | (4) |  |  | 1
Total |  |  |  | $ | 2 |  | $ | 2

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e689-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e640-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e716-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e709-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e681-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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