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Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive Income

23. Accumulated Other Comprehensive Income

The following table summarizes our changes in AOCI:

Dollars in millions			Unrealized gains (losses) on securities available for sale			Unrealized gains (losses) on derivative financial instruments						Net pension and postretirement benefit costs			Total
Balance at December 31, 2021			$	(403)		$	88					$	(271)		$	(586)
Other comprehensive income before reclassification, net of income taxes			(4,492)			(1,319)						(25)			(5,836)
Amounts reclassified from accumulated other comprehensive income, net of income taxes (a)			—			107						20			127
Net current-period other comprehensive income, net of income taxes			(4,492)			(1,212)						(5)			(5,709)
Balance at December 31, 2022			$	(4,895)		$	(1,124)					$	(276)		$	(6,295)
Other comprehensive income before reclassification, net of income taxes			702			(364)						(18)			320
Amounts reclassified from accumulated other comprehensive income, net of income taxes (a)			3			725						18			746
Net current-period other comprehensive income, net of income taxes			705			361						—			1,066
Balance at December 31, 2023			$	(4,190)		$	(763)					$	(276)		$	(5,229)

(a)See table below for details about these reclassifications.

Our reclassifications out of AOCI, are as follows:

			Twelve Months Ended December 31,						Affected Line Item in the Consolidated Statement of Income
Dollars in millions			2023			2022
Unrealized gains (losses) on available for sale securities
Realized losses			$	(4)		$	—		Other income
			(4)			—			Income (loss) from continuing operations before income taxes
			(1)			—			Income taxes
			$	(3)		$	—		Income (loss) from continuing operations
Unrealized gains (losses) on derivative financial instruments
Interest rate			$	(956)		$	(146)		Interest income — Loans
Interest rate			(2)			(3)			Interest expense — Long-term debt
Interest rate			5			9			Investment banking and debt placement fees
			(953)			(140)			Income (loss) from continuing operations before income taxes
			(228)			(33)			Income taxes
			$	(725)		$	(107)		Income (loss) from continuing operations
Net pension and postretirement benefit costs
Amortization of losses			$	(8)		$	(15)		Other expense
Settlement loss			(18)			(12)			Other expense
Amortization of prior service credit			1			1			Other expense
			(25)			(26)			Income (loss) from continuing operations before income taxes
			(7)			(6)			Income taxes
			$	(18)		$	(20)		Income (loss) from continuing operations

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

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X

- References

No definition available.

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