XML 51 R33.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Equity [Abstract] |
Schedule Of The Changes In Components Of Accumulated Other Comprehensive Income (Loss) Balances | The following tables present the changes in the components of AOCI balances for the three and nine months ended September 30, 2022 and 2021:
($ in thousands) |  | Debt Securities |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustments (1) |  | Total
Balance, July 1, 2021 |  | $ | (8,152) |  |  | $ | (730) |  |  | $ | (5,807) |  |  | $ | (14,689) |
Net unrealized losses arising during the period |  | (40,928) |  |  | (121) |  |  | (1,752) |  |  | (42,801) |
Amounts reclassified from AOCI |  | (250) |  |  | 172 |  |  | — |  |  | (78) |
Changes, net of tax |  | (41,178) |  |  | 51 |  |  | (1,752) |  |  | (42,879) |
Balance, September 30, 2021 |  | $ | (49,330) |  |  | $ | (679) |  |  | $ | (7,559) |  |  | $ | (57,568) |
Balance, July 1, 2022 |  | $ | (554,781) |  |  | $ | (30,846) |  |  | $ | (15,021) |  |  | $ | (600,648) |
Net unrealized losses arising during the period |  | (161,445) |  |  | (34,423) |  |  | (7,926) |  |  | (203,794) |
Amounts reclassified from AOCI |  | 3,256 |  |  | 1,154 |  |  | — |  |  | 4,410 |
Changes, net of tax |  | (158,189) |  |  | (33,269) |  |  | (7,926) |  |  | (199,384) |
Balance, September 30, 2022 |  | $ | (712,970) |  | (2) | $ | (64,115) |  |  | $ | (22,947) |  |  | $ | (800,032) |
($ in thousands) |  | Debt Securities |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustments (1) |  | Total
Balance, January 1, 2021 |  | $ | 52,247 |  |  | $ | (1,230) |  |  | $ | (6,692) |  |  | $ | 44,325 |
Net unrealized (losses) gains arising during the period |  | (100,747) |  |  | 108 |  |  | (867) |  |  | (101,506) |
Amounts reclassified from AOCI |  | (830) |  |  | 443 |  |  | — |  |  | (387) |
Changes, net of tax |  | (101,577) |  |  | 551 |  |  | (867) |  |  | (101,893) |
Balance, September 30, 2021 |  | $ | (49,330) |  |  | $ | (679) |  |  | $ | (7,559) |  |  | $ | (57,568) |
Balance, January 1, 2022 |  | $ | (85,703) |  |  | $ | 257 |  |  | $ | (4,935) |  |  | $ | (90,381) |
Net unrealized losses arising during the period |  | (635,664) |  |  | (63,232) |  |  | (18,012) |  |  | (716,908) |
Amounts reclassified from AOCI |  | 8,397 |  |  | (1,140) |  |  | — |  |  | 7,257 |
Changes, net of tax |  | (627,267) |  |  | (64,372) |  |  | (18,012) |  |  | (709,651) |
Balance, September 30, 2022 |  | $ | (712,970) |  | (2) | $ | (64,115) |  |  | $ | (22,947) |  |  | $ | (800,032) |
(1)Represents foreign currency translation adjustments related to the Company’s net investment in non-U.S. operations, including related hedges. The functional currency and reporting currency of the Company’s foreign subsidiary is RMB and USD, respectively. (2)Includes after-tax unamortized losses of $113.0 million related to AFS debt securities that were transferred to HTM. For further information, refer to Note 5 — Securities to the Consolidated Financial Statements in this Form 10-Q.
Schedule Of Components Of Other Comprehensive Income (Loss), Reclassifications To Net Income And The Related Tax Effects | The following tables present the components of other comprehensive income (loss), reclassifications to net income and the related tax effects for the three and nine months ended September 30, 2022 and 2021:
($ in thousands) |  | Three Months Ended September 30,
| 2022 |  | 2021
| Before-Tax |  | Tax Effect |  | Net-of-Tax |  | Before-Tax |  | Tax Effect |  | Net-of-Tax
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized losses arising during the period |  | $ | (229,246) |  |  | $ | 67,801 |  |  | $ | (161,445) |  |  | $ | (58,138) |  |  | $ | 17,210 |  |  | $ | (40,928) |
Reclassification adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Net realized gains reclassified into net income (1) |  | — |  |  | — |  |  | — |  |  | (354) |  |  | 104 |  |  | (250) |
Amortization of unrealized losses on transferred securities (2) |  | 4,623 |  |  | (1,367) |  |  | 3,256 |  |  | — |  |  | — |  |  | — |
Net change |  | (224,623) |  |  | 66,434 |  |  | (158,189) |  |  | (58,492) |  |  | 17,314 |  |  | (41,178) |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized losses arising during the period |  | (48,325) |  |  | 13,902 |  |  | (34,423) |  |  | (170) |  |  | 49 |  |  | (121) |
Net realized losses reclassified into net income (3) |  | 1,619 |  |  | (465) |  |  | 1,154 |  |  | 241 |  |  | (69) |  |  | 172 |
Net change |  | (46,706) |  |  | 13,437 |  |  | (33,269) |  |  | 71 |  |  | (20) |  |  | 51 |
Foreign currency translation adjustments, net of hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized losses arising during the period |  | (6,676) |  |  | (1,250) |  |  | (7,926) |  |  | (1,878) |  |  | 126 |  |  | (1,752) |
Net change |  | (6,676) |  |  | (1,250) |  |  | (7,926) |  |  | (1,878) |  |  | 126 |  |  | (1,752) |
Other comprehensive loss |  | $ | (278,005) |  |  | $ | 78,621 |  |  | $ | (199,384) |  |  | $ | (60,299) |  |  | $ | 17,420 |  |  | $ | (42,879) |
($ in thousands) |  | Nine Months Ended September 30,
| 2022 |  | 2021
| Before-Tax |  | Tax Effect |  | Net-of-Tax |  | Before-Tax |  | Tax Effect |  | Net-of-Tax
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized losses arising during the period |  | $ | (902,548) |  |  | $ | 266,884 |  |  | $ | (635,664) |  |  | $ | (143,131) |  |  | $ | 42,384 |  |  | $ | (100,747) |
Reclassification adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Net realized gains reclassified into net income (1) |  | (1,306) |  |  | 386 |  |  | (920) |  |  | (1,178) |  |  | 348 |  |  | (830) |
Amortization of unrealized losses on transferred securities (2) |  | 13,228 |  |  | (3,911) |  |  | 9,317 |  |  | — |  |  | — |  |  | — |
Net change |  | (890,626) |  |  | 263,359 |  |  | (627,267) |  |  | (144,309) |  |  | 42,732 |  |  | (101,577) |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized (losses) gains arising during the period |  | (88,771) |  |  | 25,539 |  |  | (63,232) |  |  | 150 |  |  | (42) |  |  | 108 |
Net realized (gains) losses reclassified into net income (3) |  | (1,601) |  |  | 461 |  |  | (1,140) |  |  | 619 |  |  | (176) |  |  | 443 |
Net change |  | (90,372) |  |  | 26,000 |  |  | (64,372) |  |  | 769 |  |  | (218) |  |  | 551 |
Foreign currency translation adjustments, net of hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized losses arising during the period |  | (16,276) |  |  | (1,736) |  |  | (18,012) |  |  | (1,603) |  |  | 736 |  |  | (867) |
Net change |  | (16,276) |  |  | (1,736) |  |  | (18,012) |  |  | (1,603) |  |  | 736 |  |  | (867) |
Other comprehensive loss |  | $ | (997,274) |  |  | $ | 287,623 |  |  | $ | (709,651) |  |  | $ | (145,143) |  |  | $ | 43,250 |  |  | $ | (101,893) |
(1)Pre-tax amounts were reported in Gains on sales of AFS debt securities on the Consolidated Statement of Income. (2)Represents unrealized losses amortized over the remaining lives of securities that were transferred from the AFS to HTM portfolio. (3)Pre-tax amounts related to cash flow hedges on CRE loans and long-term borrowings were reported in Interest and dividend income and in Interest expense, respectively, on the Consolidated Statement of Income.

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

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=126968391&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration