XML 54 R38.htm IDEA: XBRL DOCUMENT
v3.23.3

Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
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, 2023 and 2022:
($ in thousands) |  | Debt Securities (1) |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustments (2) |  | Total
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) |  |  | $ | (64,115) |  |  | $ | (22,947) |  |  | $ | (800,032) |
Balance, July 1, 2023 |  | $ | (681,536) |  |  | $ | (74,805) |  |  | $ | (25,591) |  |  | $ | (781,932) |
Net unrealized (losses) gains arising during the period |  | (72,691) |  |  | (44,347) |  |  | 3,710 |  |  | (113,328) |
Amounts reclassified from AOCI |  | 2,870 |  |  | 17,013 |  |  | — |  |  | 19,883 |
Changes, net of tax |  | (69,821) |  |  | (27,334) |  |  | 3,710 |  |  | (93,445) |
Balance, September 30, 2023 |  | $ | (751,357) |  |  | $ | (102,139) |  |  | $ | (21,881) |  |  | $ | (875,377) |
($ in thousands) |  | Debt Securities (1) |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustments (2) |  | Total
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) |  |  | $ | (64,115) |  |  | $ | (22,947) |  |  | $ | (800,032) |
Balance, January 1, 2023 |  | $ | (694,815) |  |  | $ | (49,531) |  |  | $ | (21,283) |  |  | $ | (765,629) |
Net unrealized losses arising during the period |  | (72,034) |  |  | (91,468) |  |  | (598) |  |  | (164,100) |
Amounts reclassified from AOCI |  | 15,492 |  |  | 38,860 |  |  | — |  |  | 54,352 |
Changes, net of tax |  | (56,542) |  |  | (52,608) |  |  | (598) |  |  | (109,748) |
Balance, September 30, 2023 |  | $ | (751,357) |  |  | $ | (102,139) |  |  | $ | (21,881) |  |  | $ | (875,377) |
(1)Includes after-tax unamortized losses related to AFS debt securities that were transferred to HTM in 2022. (2)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.
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, 2023 and 2022:
|  | Three Months Ended September 30,
|  | 2023 |  | 2022
($ in thousands) |  | Before-Tax |  | Tax Effect |  | Net-of-Tax |  | Before-Tax |  | Tax Effect |  | Net-of-Tax
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized losses on AFS debt securities arising during the period |  | $ | (103,183) |  |  | $ | 30,492 |  |  | $ | (72,691) |  |  | $ | (229,246) |  |  | $ | 67,801 |  |  | $ | (161,445) |
Reclassification adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of unrealized losses on transferred debt securities (1) |  | 4,075 |  |  | (1,205) |  |  | 2,870 |  |  | 4,623 |  |  | (1,367) |  |  | 3,256 |
Net change |  | (99,108) |  |  | 29,287 |  |  | (69,821) |  |  | (224,623) |  |  | 66,434 |  |  | (158,189) |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized losses arising during the period |  | (62,715) |  |  | 18,368 |  |  | (44,347) |  |  | (48,325) |  |  | 13,902 |  |  | (34,423) |
Net realized losses reclassified into net income (2) |  | 24,059 |  |  | (7,046) |  |  | 17,013 |  |  | 1,619 |  |  | (465) |  |  | 1,154 |
Net change |  | (38,656) |  |  | 11,322 |  |  | (27,334) |  |  | (46,706) |  |  | 13,437 |  |  | (33,269) |
Foreign currency translation adjustments, net of hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) arising during the period |  | 3,728 |  |  | (18) |  |  | 3,710 |  |  | (6,676) |  |  | (1,250) |  |  | (7,926) |
Net change |  | 3,728 |  |  | (18) |  |  | 3,710 |  |  | (6,676) |  |  | (1,250) |  |  | (7,926) |
Other comprehensive loss |  | $ | (134,036) |  |  | $ | 40,591 |  |  | $ | (93,445) |  |  | $ | (278,005) |  |  | $ | 78,621 |  |  | $ | (199,384) |
|  | Nine Months Ended September 30,
|  | 2023 |  | 2022
($ in thousands) |  | Before-Tax |  | Tax Effect |  | Net-of-Tax |  | Before-Tax |  | Tax Effect |  | Net-of-Tax
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized losses on AFS debt securities arising during the period |  | $ | (102,262) |  |  | $ | 30,228 |  |  | $ | (72,034) |  |  | $ | (742,132) |  |  | $ | 219,459 |  |  | $ | (522,673) |
Unrealized losses on debt securities transferred from AFS to HTM |  | — |  |  | — |  |  | — |  |  | (160,416) |  |  | 47,425 |  |  | (112,991) |
Reclassification adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Net realized losses (gains) on AFS debt securities reclassified into net income (3) |  | 10,000 |  | (4) | (2,956) |  |  | 7,044 |  |  | (1,306) |  |  | 386 |  |  | (920) |
Amortization of unrealized losses on transferred debt securities (1) |  | 11,994 |  |  | (3,546) |  |  | 8,448 |  |  | 13,228 |  |  | (3,911) |  |  | 9,317 |
Net change |  | (80,268) |  |  | 23,726 |  |  | (56,542) |  |  | (890,626) |  |  | 263,359 |  |  | (627,267) |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized losses arising during the period |  | (129,329) |  |  | 37,861 |  |  | (91,468) |  |  | (88,771) |  |  | 25,539 |  |  | (63,232) |
Net realized losses (gains) reclassified into net income (2) |  | 54,955 |  |  | (16,095) |  |  | 38,860 |  |  | (1,601) |  |  | 461 |  |  | (1,140) |
Net change |  | (74,374) |  |  | 21,766 |  |  | (52,608) |  |  | (90,372) |  |  | 26,000 |  |  | (64,372) |
Foreign currency translation adjustments, net of hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) arising during the period |  | 247 |  |  | (845) |  |  | (598) |  |  | (16,276) |  |  | (1,736) |  |  | (18,012) |
Net change |  | 247 |  |  | (845) |  |  | (598) |  |  | (16,276) |  |  | (1,736) |  |  | (18,012) |
Other comprehensive loss |  | $ | (154,395) |  |  | $ | 44,647 |  |  | $ | (109,748) |  |  | $ | (997,274) |  |  | $ | 287,623 |  |  | $ | (709,651) |
(1)Represents unrealized losses amortized over the remaining lives of securities that were transferred from the AFS to HTM portfolio in 2022. (2)Pre-tax amounts related to cash flow hedges on variable rate loans and long-term borrowings, where applicable, were reported in Interest and dividend income and in Interest expense, respectively, on the Consolidated Statement of Income. (3)Pre-tax amounts were reported in Net (losses) gains on AFS debt securities on the Consolidated Statement of Income. (4)Represents the full write-off of an impaired subordinated debt security during the first quarter of 2023.

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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + 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 -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration