XML 27 R19.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Comprehensive income | 3 Months Ended
--- | ---
Mar. 31, 2024
Equity [Abstract] |
Comprehensive income | 9. Comprehensive income The following tables display the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income:
| Investment |  |  | Cash Flow |  |  | Defined Benefit |  |  |  |  |  | Total Amount |  |  |  | Income |  |  |  |
(Dollars in millions) | Securities |  |  | Hedges |  |  | Plans |  |  | Other |  |  | Before Tax |  |  |  | Tax |  |  | Net |
Balance — January 1, 2024 | $ | (251 | ) |  | $ | (203 | ) |  | $ | (155 | ) |  | $ | (7 | ) |  | $ | (616 | ) |  |  | $ | 157 |  |  | $ | (459 | )
Other comprehensive income (loss) before reclassifications: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding losses, net |  | (13 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (13 | ) |  |  |  | 2 |  |  |  | (11 | )
Foreign currency translation adjustment |  | — |  |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | (2 | ) |  |  |  | — |  |  |  | (2 | )
Unrealized losses on cash flow hedges |  | — |  |  |  | (243 | ) |  |  | — |  |  |  | — |  |  |  | (243 | ) |  |  |  | 60 |  |  |  | (183 | )
Total other comprehensive income (loss) before reclassifications |  | (13 | ) |  |  | (243 | ) |  |  | — |  |  |  | (2 | ) |  |  | (258 | ) |  |  |  | 62 |  |  |  | (196 | )
Amounts reclassified from accumulated other comprehensive income (loss) that (increase) decrease net income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Losses realized in net income |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  |  | — |  |  |  | 1 |
Net yield adjustment from cash flow hedges currently in effect |  | — |  |  |  | 87 |  |  |  | — |  |  |  | — |  |  |  | 87 |  | (a) |  |  | (21 | ) |  |  | 66 |
Amortization of actuarial losses |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (1 | ) | (b) |  |  | — |  |  |  | (1 | )
Total other comprehensive income (loss) |  | (12 | ) |  |  | (156 | ) |  |  | (1 | ) |  |  | (2 | ) |  |  | (171 | ) |  |  |  | 41 |  |  |  | (130 | )
Balance — March 31, 2024 | $ | (263 | ) |  | $ | (359 | ) |  | $ | (156 | ) |  | $ | (9 | ) |  | $ | (787 | ) |  |  | $ | 198 |  |  | $ | (589 | )
Balance — January 1, 2023 | $ | (444 | ) |  | $ | (336 | ) |  | $ | (273 | ) |  | $ | (13 | ) |  | $ | (1,066 | ) |  |  | $ | 276 |  |  | $ | (790 | )
Other comprehensive income (loss) before reclassifications: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains, net |  | 89 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 89 |  |  |  |  | (24 | ) |  |  | 65 |
Foreign currency translation adjustment |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | 2 |  |  |  |  | (1 | ) |  |  | 1 |
Unrealized losses on cash flow hedges |  | — |  |  |  | 51 |  |  |  | — |  |  |  | — |  |  |  | 51 |  |  |  |  | (13 | ) |  |  | 38 |
Total other comprehensive income (loss) before reclassifications |  | 89 |  |  |  | 51 |  |  |  | — |  |  |  | 2 |  |  |  | 142 |  |  |  |  | (38 | ) |  |  | 104 |
Amounts reclassified from accumulated other comprehensive income (loss) that (increase) decrease net income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net yield adjustment from cash flow hedges currently in effect |  | — |  |  |  | 59 |  |  |  | — |  |  |  | — |  |  |  | 59 |  | (a) |  |  | (16 | ) |  |  | 43 |
Amortization of actuarial losses |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (2 | ) | (b) |  |  | — |  |  |  | (2 | )
Total other comprehensive income (loss) |  | 89 |  |  |  | 110 |  |  |  | (2 | ) |  |  | 2 |  |  |  | 199 |  |  |  |  | (54 | ) |  |  | 145 |
Balance — March 31, 2023 | $ | (355 | ) |  | $ | (226 | ) |  | $ | (275 | ) |  | $ | (11 | ) |  | $ | (867 | ) |  |  | $ | 222 |  |  | $ | (645 | )
(a) Included in "interest income" in the Consolidated Statement of Income. (b) Included in "other costs of operations" in the Consolidated Statement of Income. Accumulated other comprehensive income (loss), net consisted of the following:
|  |  |  |  |  |  |  | Defined |  |  |  |  |  |  |
|  | Investment |  |  | Cash Flow |  |  | Benefit |  |  |  |  |  |  |
(Dollars in millions) |  | Securities |  |  | Hedges |  |  | Plans |  |  | Other |  |  | Total |
Balance — December 31, 2023 |  | $ | (187 | ) |  | $ | (151 | ) |  | $ | (115 | ) |  | $ | (6 | ) |  | $ | (459 | )
Net loss during period |  |  | (10 | ) |  |  | (117 | ) |  |  | (1 | ) |  |  | (2 | ) |  |  | (130 | )
Balance — March 31, 2024 |  | $ | (197 | ) |  | $ | (268 | ) |  | $ | (116 | ) |  | $ | (8 | ) |  | $ | (589 | )

X
- 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/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration