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Components of Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 30, 2024
Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Changes in Accumulated Other Comprehensive Income/(Loss) | The following table provides the changes in accumulated other comprehensive income (loss) by component, net of tax, for the three and six months ended June 30, 2024 and 2023:
ACCUMULATED OTHER COMPREHENSIVE INCOME
(Dollars in millions) |  | Securities AFS |  | Cash Flow Hedges |  | Pension and Post-retirement Plans |  | Total
Balance as of April 1, 2024 |  | $ | (891) |  |  | $ | (110) |  |  | $ | (270) |  |  | $ | (1,271) |
Net unrealized gains (losses) |  | (10) |  |  | (15) |  |  | — |  |  | (25) |
Amounts reclassified from AOCI |  | — |  |  | 13 |  |  | 2 |  |  | 15 |
Other comprehensive income (loss) |  | (10) |  |  | (2) |  |  | 2 |  |  | (10) |
Balance as of June 30, 2024 |  | $ | (901) |  |  | $ | (112) |  |  | $ | (268) |  |  | $ | (1,281) |
(Dollars in millions) |  | Securities AFS |  | Cash Flow Hedges |  | Pension and Post-retirement Plans |  | Total
Balance as of January 1, 2024 |  | $ | (836) |  |  | $ | (80) |  |  | $ | (272) |  |  | $ | (1,188) |
Net unrealized gains (losses) |  | (65) |  |  | (58) |  |  | — |  |  | (123) |
Amounts reclassified from AOCI |  | — |  |  | 26 |  |  | 4 |  |  | 30 |
Other comprehensive income (loss) |  | (65) |  |  | (32) |  |  | 4 |  |  | (93) |
Balance as of June 30, 2024 |  | $ | (901) |  |  | $ | (112) |  |  | $ | (268) |  |  | $ | (1,281) |
(Dollars in millions) |  | Securities AFS |  | Cash Flow Hedges |  | Pension and Post-retirement Plans |  | Total
Balance as of April 1, 2023 |  | $ | (859) |  |  | $ | (83) |  |  | $ | (266) |  |  | $ | (1,208) |
Net unrealized gains (losses) |  | (105) |  |  | (59) |  |  | (2) |  |  | (166) |
Amounts reclassified from AOCI |  | — |  |  | 13 |  |  | 2 |  |  | 15 |
Other comprehensive income (loss) |  | (105) |  |  | (46) |  |  | — |  |  | (151) |
Balance as of June 30, 2023 |  | $ | (964) |  |  | $ | (129) |  |  | $ | (266) |  |  | $ | (1,359) |
(Dollars in millions) |  | Securities AFS |  | Cash Flow Hedges |  | Pension and Post-retirement Plans |  | Total
Balance as of January 1, 2023 |  | $ | (973) |  |  | $ | (127) |  |  | $ | (268) |  |  | $ | (1,368) |
Net unrealized gains (losses) |  | 9 |  |  | (26) |  |  | (2) |  |  | (19) |
Amounts reclassified from AOCI |  | — |  |  | 24 |  |  | 4 |  |  | 28 |
Other comprehensive income (loss) |  | 9 |  |  | (2) |  |  | 2 |  |  | 9 |
Balance as of June 30, 2023 |  | $ | (964) |  |  | $ | (129) |  |  | $ | (266) |  |  | $ | (1,359) |
Schedule of Reclassifications from AOCI | Reclassifications from AOCI, and related tax effects, were as follows:
RECLASSIFICATIONS FROM AOCI
(Dollars in millions) |  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
Details about AOCI |  | 2024 |  | 2023 |  |  |  |  |  | 2024 |  | 2023 |  | Affected line item in the statement where net income is presented
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Realized (gains) losses on cash flow hedges |  | $ | 17 |  |  | $ | 17 |  |  |  |  |  |  | $ | 34 |  |  | $ | 32 |  |  | Interest and fees on loans and leases
Tax expense (benefit) |  | (4) |  |  | (4) |  |  |  |  |  |  | (8) |  |  | (8) |  |  | Income tax expense
|  | 13 |  |  | 13 |  |  |  |  |  |  | 26 |  |  | 24 |  |  |
Pension and Postretirement Plans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of prior service cost and net actuarial (gain) loss |  | $ | 3 |  |  | $ | 2 |  |  |  |  |  |  | $ | 6 |  |  | $ | 5 |  |  | Other expense
Tax expense (benefit) |  | (1) |  |  | — |  |  |  |  |  |  | (2) |  |  | (1) |  |  | Income tax expense
|  | 2 |  |  | 2 |  |  |  |  |  |  | 4 |  |  | 4 |  |  |
Total reclassification from AOCI |  | $ | 15 |  |  | $ | 15 |  |  |  |  |  |  | $ | 30 |  |  | $ | 28 |  |  |

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