XML 39 R21.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
--- | ---
Sep. 30, 2022
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) 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 $113.0 million related to AFS debt securities that were transferred to HTM. For further information, refer to Note 5 — Securities to the Consolidated Financial Statements in this Form 10-Q. The following tables present the components of other comprehensive income (loss), reclassifications to net income and the related tax effects for the three and nine months ended September 30, 2022 and 2021:
($ 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
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + 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