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Accumulated Other Comprehensive (Loss) Income | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME | NOTE 16 — ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The following table details the components of Accumulated Other Comprehensive (Loss) Income (“AOCI”): Components of Accumulated Other Comprehensive (Loss) Income
dollars in millions | September 30, 2023 |  | December 31, 2022
| Pretax |  | Income Taxes |  | Net of Income Taxes |  | Pretax |  | Income Taxes |  | Net of Income Taxes
Unrealized loss on securities available for sale | $ | (1,175) |  |  | $ | 286 |  |  | $ | (889) |  |  | $ | (972) |  |  | $ | 233 |  |  | $ | (739) |
Unrealized loss on securities available for sale transferred to held to maturity | (7) |  |  | 2 |  |  | (5) |  |  | (8) |  |  | 2 |  |  | (6) |
Defined benefit pension items | 18 |  |  | (4) |  |  | 14 |  |  | 13 |  |  | (3) |  |  | 10 |
Total accumulated other comprehensive loss | $ | (1,164) |  |  | $ | 284 |  |  | $ | (880) |  |  | $ | (967) |  |  | $ | 232 |  |  | $ | (735) |
The following table details the changes in the components of AOCI, net of income taxes: Changes in Accumulated Other Comprehensive (Loss) Income by Component
dollars in millions | Unrealized (loss) gain on securities available for sale |  | Unrealized (loss) gain on securities available for sale transferred to held to maturity |  | Net change in defined benefit pension items |  |  |  |  |  | Total accumulated other comprehensive (loss) income
Balance as of December 31, 2022 | $ | (739) |  |  | $ | (6) |  |  | $ | 10 |  |  |  |  |  |  | $ | (735) |
AOCI activity before reclassifications | (169) |  |  | — |  |  | 4 |  |  |  |  |  |  | (165) |
Amounts reclassified from AOCI to earnings | 19 |  |  | 1 |  |  | — |  |  |  |  |  |  | 20 |
Other comprehensive (loss) income for the period | (150) |  |  | 1 |  |  | 4 |  |  |  |  |  |  | (145) |
Balance as of September 30, 2023 | $ | (889) |  |  | $ | (5) |  |  | $ | 14 |  |  |  |  |  |  | $ | (880) |
Balance as of December 31, 2021 | $ | (9) |  |  | $ | (7) |  |  | $ | 26 |  |  |  |  |  |  | $ | 10 |
AOCI activity before reclassifications | (747) |  |  | — |  |  | — |  |  |  |  |  |  | (747) |
Amounts reclassified from AOCI to earnings | — |  |  | 1 |  |  | 7 |  |  |  |  |  |  | 8 |
Other comprehensive (loss) income for the period | (747) |  |  | 1 |  |  | 7 |  |  |  |  |  |  | (739) |
Balance as of September 30, 2022 | $ | (756) |  |  | $ | (6) |  |  | $ | 33 |  |  |  |  |  |  | $ | (729) |
Other Comprehensive Income The amounts included in the Condensed Consolidated Statements of Comprehensive Income are net of income taxes. The following table presents the pretax and after tax components of other comprehensive income: Other Comprehensive Income (Loss) by Component
dollars in millions | Three Months Ended September 30, |  |
| 2023 |  | 2022 |  |
| Pretax |  | Income Taxes |  | Net of Income Taxes |  | Pretax |  | Income Taxes |  | Net of Income Taxes |  | Income Statement Line Items
Unrealized loss on securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |
AOCI activity before reclassifications | $ | (155) |  |  | $ | 40 |  |  | $ | (115) |  |  | $ | (348) |  |  | $ | 82 |  |  | $ | (266) |  |  |
Amounts reclassified from AOCI to earnings | 9 |  |  | (2) |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | $12 realized loss on sales of investment securities available for sale, net; $(3) provision for credit losses
Other comprehensive loss on securities available for sale | $ | (146) |  |  | $ | 38 |  |  | $ | (108) |  |  | $ | (348) |  |  | $ | 82 |  |  | $ | (266) |  |  |
Unrealized loss on securities available for sale transferred to held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |
AOCI activity before reclassifications | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
Amounts reclassified from AOCI to earnings | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | Interest on investment securities
Other comprehensive income on securities available for sale transferred to held to maturity | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
Defined benefit pension items: |  |  |  |  |  |  |  |  |  |  |  |  |
Actuarial loss | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
Amounts reclassified from AOCI to earnings | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |  |  | Other noninterest expense
Other comprehensive income for defined benefit pension items | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2 |  |  |
Total other comprehensive loss | $ | (146) |  |  | $ | 38 |  |  | $ | (108) |  |  | $ | (346) |  |  | $ | 82 |  |  | $ | (264) |  |  |
dollars in millions | Nine Months Ended September 30, |  |
| 2023 |  | 2022 |  |
| Pretax |  | Income Taxes |  | Net of Income Taxes |  | Pretax |  | Income Taxes |  | Net of Income Taxes |  | Income Statement Line Items
Unrealized loss on securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |
AOCI activity before reclassifications | $ | (229) |  |  | $ | 60 |  |  | $ | (169) |  |  | $ | (983) |  |  | $ | 236 |  |  | $ | (747) |  |  |
Amounts reclassified from AOCI to earnings | 26 |  |  | (7) |  |  | 19 |  |  | — |  |  | — |  |  | — |  |  | $26 realized loss on sales of investment securities available for sale
Other comprehensive loss on securities available for sale | $ | (203) |  |  | $ | 53 |  |  | $ | (150) |  |  | $ | (983) |  |  | $ | 236 |  |  | $ | (747) |  |  |
Unrealized loss on securities available for sale transferred to held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |
AOCI activity before reclassifications | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
Amounts reclassified from AOCI to earnings | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |  |  | Interest on investment securities
Other comprehensive income on securities available for sale transferred to held to maturity | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  |
Defined benefit pension items: |  |  |  |  |  |  |  |  |  |  |  |  |
Actuarial loss | $ | 5 |  |  | $ | (1) |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
Amounts reclassified from AOCI to earnings | — |  |  | — |  |  | — |  |  | 9 |  |  | (2) |  |  | 7 |  |  | Other noninterest expense
Other comprehensive income for defined benefit pension items | $ | 5 |  |  | $ | (1) |  |  | $ | 4 |  |  | $ | 9 |  |  | $ | (2) |  |  | $ | 7 |  |  |
Total other comprehensive loss | $ | (197) |  |  | $ | 52 |  |  | $ | (145) |  |  | $ | (973) |  |  | $ | 234 |  |  | $ | (739) |  |  |

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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/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
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